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Asian Institute of Chartered Bankers (AICB) Hosts International Conference on Financial Crime and Terrorism Financing (IFCTF) to Equip Malaysian Bankers with Specialised Skills in Combatting Emerging Financial Crime Threats

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KUALA LUMPUR, Malaysia, Aug. 19, 2024 /PRNewswire/ — The rapid pace of digital adoption in financial crime poses a significant challenge for financial institutions to counter financial crime. Financial institutions must be sensitive and proactive in monitoring the various typologies of fraud, scams and cyber threats. Malaysia reported a staggering RM3.2 billion in losses through online scams between 2021 and April 2024 — which affected over 95,800 victims — compared to RM804 million recorded in 2022[1]. Additionally, the first half of 2024 recorded 14,490 online fraud cases, with losses exceeding RM581 million[2]. Incidentally, fraud scams and bank fraud schemes accounted for USD485.6 billion in projected losses globally in 2023, underscoring the prevalence of this crime worldwide[3].

These challenges in combatting financial crime also offer opportunities for improved and robust detection and prevention measures that leverage the power of data, analytics, machine learning and artificial intelligence to continuously enhance supervision, regulation and compliance controls; strengthen greater cross-border collaboration and knowledge sharing with key AML / CFT agencies and regulatory bodies globally; enhance AML / CFT capacity-building initiatives, and elevate the awareness of private and public sectors in upholding a culture of integrity, transparency and accountability.

Recognising the urgency of these requirements, the Asian Institute of Chartered Bankers (AICB) and its Compliance Officers’ Networking Group (CONG) proudly organised a special two-day International Conference on Financial Crime and Terrorism Financing (IFCTF) Masterclass 2024 on 19–20 August 2024 at Shangri-La Kuala Lumpur, to provide an immersive learning experience on key areas of the financial sector. Themed “Combatting Financial Crime and AML / CTF / CPF: A Technical Deep Dive”, the Masterclass series aimed to foster a collaborative environment that promotes deeper understanding and stimulates innovative thinking through a series of masterclass sessions led by distinguished global and regional subject matter experts.

Bank Negara Malaysia Deputy Governor Dato’ Marzunisham Omar, in his opening address, said: “In fighting financial crimes, quick action between institutions could make all the difference. This is why we have established platforms such as the National Scam Response Centre (NSRC) and Financial Sector Cyber Threat Intelligence Platform (FinTIP). These platforms bring together not just financial players or law enforcement agencies, but also key stakeholders such as telecommunication companies. The goal is to foster relationships and engagements that allow us to keep pace with developments and act speedily in a time-critical environment.”

In his welcome remarks, AICB Chairman Tan Sri Azman Hashim said: “Given their indispensable role in safeguarding the nation’s financial system, it is crucial to cultivate the banking workforce’s ability to anticipate, deter, and effectively mitigate increasingly sophisticated financial crimes. In empowering our members to address this formidable challenge, AICB continues to advocate for lifelong learning, upskilling and reskilling and this year, we have launched several new courses designed to strengthen our members’ capabilities in key areas of banking in this digital era. We also recently launched the first Future Skills Framework for the Malaysian financial sector, which is designed to promote skills mastery, support continuous learning, enhance talent mobility, and facilitate a more future-ready workforce, effectively raising the bar on professional excellence and advancing the growth of the Malaysian financial sector.”

Compliance Officers’ Networking Group Chairman Faradina Ghouse said: “Fighting financial crime requires a strong, united front. The financial industry, regulators, enforcement agencies, and relevant global organisations must continue to collaborate in this effort as only through collective action and shared expertise can we effectively combat these threats and protect the integrity of our financial systems.”

The IFCTF Masterclass 2024 featured an intensive exploration of the financial crime landscape through in-depth, hands-on sessions that delved into critical areas, including the Financial Action Task Force (FATF) recommendations, proliferation financing, terrorism financing, national and sectoral risk assessments, beneficial ownership, anti-bribery and corruption, transnational organised crime, fraud, regulatory compliance, and inter-agency cooperation.

The technical discourse between global subject matter experts and seasoned industry practitioners underscored the escalating sophistication of financial crimes and its severe detrimental effect on the nation’s economic growth and financial stability, further emphasising the importance of developing specialised expertise in financial crime prevention and compliance. The knowledge and skills acquired through the IFCTF Masterclass 2024 provide a firm foundation for financial professionals to build customer trust, contribute to industry best practices, and ultimately safeguard the integrity of Malaysia’s financial system.

As one of the region’s most influential thought leadership platforms centred on combatting financial crime and terrorism financing for over 13 years, IFCTF continues to play a vital role in elevating industry standards and fostering collaboration between banking professionals globally, empowering them with new knowledge on effective strategies and best practices in the fight against financial crime.

The IFCTF Masterclass 2024 drew over 700 delegates from local and international financial institutions, comprising senior compliance officers, risk management professionals, regulators, and government and law enforcement officials, who participated in the dynamic exchange of keen insights, innovative strategies and practical solutions to address the increasingly complex issues of financial crime and AML / CFT / CPF and fortify banks’ defences against growing threats.

Find out more about AICB’s upcoming events at www.aicb.org.my/events/upcoming.

About Asian Institute of Chartered Bankers

The Asian Institute of Chartered Bankers (AICB) is the sole professional body for Malaysia’s banking industry governed by a council of representatives from Bank Negara Malaysia (BNM), The Association of Banks in Malaysia (ABM), and the Malaysian Investment Banking Association (MIBA). With over 35,000 members, AICB aims to strengthen the banking workforce with the highest standards of professional conduct, knowledge, and competence through our banking qualifications.

AICB is the only institute in Southeast Asia that is authorised by the Chartered Banker Institute, UK, to award the Chartered Banker status. The Institute continues to support the growth of its members through innovative learning and by advocating professionalism, advancing thought leadership, and facilitating networking opportunities.

For more information on AICB, please visit www.aicb.org.my

[1] New Straits Times. (2024, August 12). RM3.2B lost to online scams between 2021 and April 2024 – Gobind: New Straits Times. https://www.nst.com.my/business/economy/2024/08/1090337/rm32b-lost-online-scams-between-2021-and-april-2024-gobind

[2] Bernama. (2024, June 27). 14,490 cases of online fraud recorded in first half of this year – Kulasegaran.. https://www.bernama.com/en/news.php?id=2311959

[3] Nasdaq. (2024). NASDAQ Verafin 2024 global financial crime report. https://www.nasdaq.com/global-financial-crime-report

 

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SOURCE IBPO Group; The Asian Institute of Chartered Bankers (AICB)

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Huawei Cloud in France: Building an AI-Native Cloud to Amplify Intelligence on the Tech Stage

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PARIS, Nov. 14, 2024 /PRNewswire/ — HUAWEI CONNECT 2024 PARIS commenced today, featuring the first Huawei Cloud Summit France. Huawei Cloud is building an AI-native cloud through systematic innovation and service reshaping. Moving forward, Huawei Cloud will continue to drive innovation in both the “AI for Cloud” and “Cloud for AI” directions, accelerating the intelligent transformation across industries in France.

Jacqueline Shi, President of Huawei Cloud Global Marketing and Sales Service, delivered a welcome speech in her digital presence built using Huawei Cloud MetaStudio. She stated, “Innovation is the heart of our success, our competitiveness, and our growth. That’s why we invest heavily in R&D to bring you the most secure and reliable cloud services possible, including cloud native, AI, and big data. In Europe, Huawei Cloud has collaborated with over 500 local partners to deliver a wide range of industry-specific solutions and proven expertise, enabling European businesses to expedite their cloud adoption, leverage global resources, and achieve leapfrog growth.”

In his keynote speech, William Dong, President of Huawei Cloud Marketing, highlighted the importance of AI in building economic moats. To this end, Huawei Cloud launches Pangu models to enable intelligent upgrades across industries, with over 400 use cases in 30 industries now benefiting from Huawei Cloud’s AI-native cloud infrastructure that extends cutting-edge technologies and premium experiences to European customers. On the tech stage, Huawei Cloud is set to amplify intelligence.

Huawei Cloud’s AI-native strategy has been a cornerstone of the company’s innovation. This strategy is twofold: AI for Cloud and Cloud for AI, marking significant advancements in Huawei Cloud’s capabilities. “AI for Cloud” means integrating Pangu models with cloud services for product R&D, data governance, security, and O&M to make them more intelligent and efficient.

With full-stack systemic innovations, “Cloud for AI” covers data centers, cloud platform architectures, and infrastructure services, enabling efficient and high-performance data preparation, training, inference, and application of foundation models. The distributed cloud database GaussDB features high performance, high intelligence, and easy migration. Huawei Cloud Stack 8.5 provides more than 120 locally deployed cloud services and 50 industry-specific solutions, building the optimal hybrid cloud for intelligent transformation.

At this summit, Huawei Cloud officially released the Flexus cloud services for small- and medium-sized enterprises (SMEs) in France. Flexus feature flexible specifications, AI-driven high speed, 6x burst speed, compute hot upgrade, and ultimate experience.

Presently, Huawei Cloud has more than 500 customers, partners, and developers in France. Song Wanying, President of Huawei Cloud France, shared insights on fostering business growth through cloud innovation and introduced new media & entertainment, e-commerce, and retail solutions for the French market, furthering intelligent initiatives.

Huawei Cloud has upgraded media services in a 3E approach: efficiency, experience, and evolution. For instance, AIGC for virtual humans can significantly reduce the time required for short video production from days to mere minutes. In terms of experience, Huawei Cloud leverages its self-developed RTP protocol to minimize latency to 500 ms and reduce frame freezing to 10%. For business model evolution, Huawei Cloud offers virtual human technology to facilitate efficient video production, leading to new business opportunities and growth.

In retail and e-commerce, Huawei Cloud has developed the B.R.A.N.D. model to assist retailers in driving innovation and growth. Through professional services, deterministic operations, security, reliability, and 16 sub-scenario solutions, B.R.A.N.D. enables retailers to build agile, efficient, and secure business systems.

In terms of ecosystem expansion, Huawei Cloud has partnered with Station F, the world’s largest startup incubator, to launch a sustainability-themed incubation program. This program aims to provide comprehensive support for startups, including cloud resources, investment opportunities, and dedicated office spaces. Additionally, Huawei Cloud and 20 ecosystem partners have unveiled the Industry Partner Innovation Program at the summit.

This two-day event features a packed agenda, including the partner forum and the Cloud Native Elite Club (CNEC) roundtable. At this year’s HUAWEI CONNECT Europe, CNEC returned to Europe and invited its first members to join this technical community built for European technology pioneers.

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ALBERT GAHFI, NEWCO CAPITAL GROUP CEO, NOMINATED FOR THE U.S. FINTECH AWARDS’ INNOVATOR OF THE YEAR

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NEW YORK, Nov. 14, 2024 /PRNewswire/ — NewCo Capital Group is proud to announce that Albert Gahfi, CEO of NewCo Capital Group and Co-Founder and Director of Bizcap, has been nominated for the prestigious Innovator of the Year Award by the U.S. FinTech Awards. This recognition highlights Albert’s groundbreaking contributions to the FinTech sector and his dedication to founding companies that empower small businesses with forward-thinking capital solutions.

We are focused on what’s next—continuing to build the tools and services that will drive the future of FinTech

As a proven enterprise-building founder and CEO, Albert co-founded Kings Cash Group and oversaw its merger with a large FinTech consortium that included an SEC-registered fund. As the Co-Founder and CEO of NewCo Capital Group, Capytal.com, and NewCo Canada, as well as the co-founder of Melbourne-based BizCap, Albert’s global expansion strategy has led to the opening of offices in New Zealand, the United Kingdom, and a recently announced strategic initiative in Asia via Singapore.

The nomination for Innovator of the Year underscores NewCo’s commitment to reshaping how small-to-medium businesses and enterprise companies access financing. Since its founding, NewCo has remained at the forefront of Specialty Finance within the FinTech sector, continually creating custom capital solutions that leverage advanced technology, nuanced underwriting, and a deep understanding of client needs.

Bruce Gurvitsch, Chief Revenue Officer for NewCo Capital Group and Capytal.com, commended the nomination, stating, “Albert’s nomination for Innovator of the Year reflects his unwavering pursuit of excellence—a drive that defines our mission at NewCo. We’re committed to pushing the boundaries of what’s possible in FinTech, ensuring that SMBs have access to the capital they need for growth, job creation, and long-term success.”

NewCo and its affiliate companies have transformed traditional financing models, making it easier, faster, and more efficient for businesses to secure funding. With over $1.8 billion deployed across 40,000+ businesses globally, NewCo continues to lead the charge in specialized financing and working capital.

Reflecting on the nomination, Gahfi remarked, ‘This recognition from the U.S. FinTech Awards validates our efforts and inspires us to continue delivering the most innovative solutions to the market.’ He emphasized NewCo’s long-term vision, adding, ‘We are focused on what’s next—continuing to build the tools and services that will drive the future of FinTech. Our mission has always been to empower small businesses globally.’

For more information about NewCo Capital Group, visit www.NewCoCapitalGroup.com or email Info@NewCoCapitalGroup.com.

About NewCo Capital Group & Capytal.com

Founded in 2020, NewCo Capital Group and its affiliate companies empower SMBs globally with fast, accessible financing and funding. The companies have successfully deployed $1.8 billion to over 40,000 SMBs while maintaining a 4.9/5 Trustpilot rating.

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SOURCE NewCo Capital Group

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Enrollsy Unveils Brand Refresh and New Website to Enhance Enrollment Experience for Schools, Camps, Nonprofits, and More

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LEHI, Utah, Nov. 14, 2024 /PRNewswire/ — Enrollsy, the platform dedicated to making enrollment simple and accessible for organizations of all sizes, is thrilled to announce its brand refresh and launch of a new website at www.enrollsy.com. With a renewed focus on simplifying enrollment processes and delivering unparalleled support, Enrollsy’s brand refresh reinforces its commitment to empowering non-technical professionals with a seamless, user-friendly experience.

Enrollsy is online enrollment software made easy.

The name “Enrollsy” reflects the platform’s mission: combining “enroll” and “easy” to describe a solution that effortlessly manages the enrollment process—from sign-up to payments and communications—without requiring technical expertise or IT support. Enrollsy’s customizable platform is designed to solve enrollment challenges and make life easier for administrators everywhere.

Empowering Purpose, Mission, Vision, and Values

Driven by a purpose to create an exceptional experience from the first interaction to ongoing support, Enrollsy ensures every aspect of its service is tailored to customer needs. Enrollsy’s mission—to provide an amazing enrollment experience to 10 million people in a single year—drives the platform to innovate, simplify, and perfect enrollment solutions for organizations managing data, payments, and communications.

Enrollsy envisions a world where education, enrichment, and connection drive better outcomes, helping organizations fulfill their missions. As a trusted partner, Enrollsy shares its values with customers by prioritizing consistency, honoring commitments, and maintaining clear, actionable communication.

Unmatched Customer Experiences

Enrollsy’s brand refresh also highlights its commitment to delivering value through real-life customer success stories. Elizabeth Fizer, owner of Fizer Fine Art, shares, “Enrollsy transformed our registration process from an absolute nightmare to easily manageable. Their unmatched customer service and ability to tailor the software to meet our specific needs allowed us to offer flexible schedules and simplified invoicing—enabling me to focus on my family during a busy registration period. Parents found it easy and intuitive, which only enhanced our customer experience.”

Similarly, Matthew Vinson from Common Ground on the Hill, a nonprofit, noted, “Enrollsy exceeded our expectations by listening to our unique needs and creating a system that integrates with our existing applications seamlessly. They understood our operations and provided features we needed, making the registration process efficient and stress-free.”

Visit the New Enrollsy Website

Enrollsy’s reimagined website offers a refreshed look at how the platform simplifies enrollment, billing, and communication for education, enrichment, and nonprofit organizations across the U.S., Australia, and Canada. Visitors are invited to explore www.enrollsy.com to discover how Enrollsy’s solutions are transforming the enrollment experience and simplifying administrative processes.

About Enrollsy Enrollsy provides a complete, easy-to-use solution for managing enrollments, payments, and participant communications. Designed for non-technical professionals, Enrollsy’s mission is to simplify enrollment for organizations while delivering unmatched support and flexibility. Visit www.enrollsy.com to learn more about how Enrollsy is shaping the future of enrollment.

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SOURCE Enrollsy, Inc.

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