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FinTechOn 2024 Returns with Spotlight on Virtual Asset Regulations and Countering Fraud

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TAIPEI, Oct. 15, 2024 /PRNewswire/ — The fifth FinTechOn conference is set to take place on 4 November 2024, directed by the Taiwan National Development Council and hosted by the Taiwan FinTech Association (TFTA) at Grand Hyatt Taipei.

With ‘Dawn Light: Virtual Asset Regulation and Anti-Fraud Actions’ as this year’s theme, the one-day annual forum expects to gather over 350 attendees. It convenes top-tier executives, regulators, government officials, law enforcement, and the most influential figures who shape the future of FinTech globally. Registration to FinTechOn 2024 is now open.

Some of the distinguished speakers include Sopnendu Mohanty, Chief Fintech Officer of the Monetary Authority of Singapore (MAS); Peter Kerstens, Advisor for Financial Sector Digitalization and Cybersecurity in European Commission; Seiji Yuki, Executive Managing Director of Japan Virtual and Crypto Assets Exchange Association (JVCEA) and Co-founder and Executive Managing Director of the Japan Cryptoasset Business Association (JCBA); Brian Byagaba, Head of FinTech Abu Dhabi Global Market (ADGM); Angelina A. Kwan, Former Managing Director and Head of Regulatory Compliance for Hong Kong Exchange and ClearingHsi-Ho Huang, Director of Securities Firms Division at Taiwan Financial Supervisory Commission; and Wayne Lo, Head Prosecutor of Taiwan Shilin District Prosecutors Office.

“FinTech is not just about the changes in finance and technology, but the impact it has on human behavior and the way our economy and society operate,” said Jaclyn Tsai, Honorary Chairwoman of TFTA and former Minister without Portfolio of Taiwan’s Executive Yuan in charge of digital policies. “AI and blockchain are two key technologies shaping the future of FinTech, while also presenting significant challenges. We find ourselves at a crucial juncture and FinTechOn 2024 is a unique platform where we exchange learnings from global experiences for better practice in regulation and combating crimes.”

Another highlight will be the presence of Asia FinTech Alliance (AFA), an international platform launched at the Singapore FinTech Festival (SFF) last year, with 14 association members representing 14 Asian economies. Jaclyn Tsai currently serves as the Chairwoman of AFA.

According to the FBI’s report released last month, victims reported over $5.6 billion in cryptocurrency-related fraud in 2023, a 45% increase from the previous year. To address this pressing issue, a cross-border joint defense network and private-public collaborations are essential. Real case studies will be presented at the forum, showcasing the strength of partnerships between law enforcement and industry.

Additionally, AFA members will sign a memorandum of understanding (MOU) to collaborate on anti-fraud initiatives. AFA and KPMG Taiwan are set to launch the whitepaper Riding the Wave: Exploring the FinTech Frontier, which maps out the FinTech landscape in Asia. AFA members will participate in these two key sessions both in person and online.

FinTechON 2024 is directed by the Taiwan National Development Council, hosted by TFTA, and supported by Taiwan Association For Blockchain Ecosystem Innovation (TABEI), and XREX Group. The organizers would also like to thank HOYA BIT, MaiCoin Group, Taiwan Mobile Co., Ltd., ZONE Wallet, Cathay Financial Holdings, Lee, Tsai & Partners, Attorneys-at-Law, LYODS System Limited, and Bito Group for their valuable sponsorship.

AFA and its association members have joined as international community partners of FinTechOn 2024, including Korea FinTech Industry Association (KORFIN), Elevandi Japan, Philippines’ Fintech Alliance.Ph, FinTech Association of Malaysia (FAOM), Thai FinTech Association (TFA), FinTech Association of Hong Kong (FTAHK), Singapore FinTech Association (SFA), Fintech Indonesia, Mongolian Fintech Association (MFA), Cambodia Association of Finance and Technology (CAFT), FinTech Alliance Nepal, Vietnam Fintech Club, and India’s Fintech Convergence Council (FCC).

General Chamber of Commerce of the Republic of China, Monte Jade Science and Technology Association (Taiwan), Taipei Foundation of Finance, Chinese Arbitration Association, Taipei (CAA), Technology and Digital Application Committee in the General Chamber of Commerce, Taiwan Internet and E-Commerce Association (TiEA), Digital Trust Association in Taiwan, Taiwan Virtual Asset Service Provider Association, Taiwan Blockchain Academia (TBA), and Taiwan Virtual Asset Anti-money Laundry Association (TVAAA) are among the community partners supporting FinTechOn 2024.

Registration for SFF 2024 is now open. For partnership, media coverage, and collaborations, please contact us at yoyoyu@tfta.com or contactus@fintech.org.tw

About Taiwan FinTech Association (TFTA)

The Taiwan Fintech Association (TFTA) is a non-profit organization that aims to promote the development and innovation of financial technology (fintech) in Taiwan. It was established in 2017 and has since become one of the leading voices in the fintech industry in Taiwan.

TFTA advocates for regulatory policies and measures that support fintech innovation both domestically and internationally. TFTA has strong connections with government units, industry stakeholders, and international organizations. TFTA serves as a crucial platform for connecting, collaborating, and facilitating development within the Taiwan fintech community.

TFTA is an official member of the Asia Fintech Alliance (AFA), which is an alliance comprising FinTech associations from various Asian countries and regions.

This strategic partnership between TFTA and the AFA enables Taiwan to actively engage with the wider Asian FinTech community, aligning with regional trends and amplifying the country’s influence in the global FinTech landscape.

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SOURCE Taiwan FinTech Association (TFTA)

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DBN Group Invites Global Agricultural Biotech Companies to Co-create a Leading Innovation Ecosystem at DBN Phoenix International Innovation Park

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BEIJING, Oct. 15, 2024 /PRNewswire/ — DBN Group, a leading high-tech agricultural enterprise, has opened its Phoenix International Innovation Park for global applications from high-quality agricultural biotech companies. This initiative seeks to establish an open innovation and entrepreneurship ecosystem by harnessing cutting-edge technologies and international collaboration, positioning the park as a key player in advancing agricultural technology globally.

DBN Phoenix International Innovation Park, located in the North District of ZGC Science City in Beijing, spans 13.65 acres and offers 160,000 m2 of research and office space. Designed to foster innovation in key areas such as biotechnology, bio-manufacturing, medicine and healthcare, food technology and artificial intelligence, the park aims to become a world-class agricultural technology hub. DBN’s vision for the park is to accelerate innovation through an open platform that supports startups and established companies alike.

The park’s “Industry leader + Research + Investment” model leverages DBN’s strengths in technological innovation to build a shared, collaborative ecosystem. By capitalizing on its leadership in technological innovation, focusing on industrial applications, and relying on a strong foundation in R&D, the park brings together top-tier agricultural biotech projects to drive collective growth. The park offers innovative R&D facilities and access to top-tier innovation platforms, positioning itself as a key player in the rapidly evolving agricultural technology landscape.

As part of its ongoing efforts, DBN Group is developing the ZGC BioIntelligent Manufacturing Innovation Center, focusing on synthetic biology, gene editing, proteomics, AI protein design, healthcare, and artificial intelligence. The center will partner with leading global scientists and industry players to create an innovation ecosystem.

Current partners include unicorns like Bluepha, MEGAROBO, and BioMap, as well as rising stars like Microcyto, PhaBuilder, DPTechnology and MoleculeMind. The park is also collaborating with innovative companies such as BioGeometry, Oxsyns, Biocretech, Nobel Prize commercialization projects like Molefuture and IPO-bound firms like Tsingke Biotechnology. Major listed companies like Genliduo Bio-tech, Angel Yeast, and Huaheng Biotechnology have also joined. DBN is actively seeking global AI-driven life sciences projects to build a biomanufacturing industry cluster.

The area hosts over 10,000 national high-tech enterprises, 50 unicorns, 270 listed companies, and 200 national-level research institutes, creating a first-class R&D environment. The park offers comprehensive services across various sectors, including financial technology, innovation, international exchange, talent management, and infrastructure services, creating a one-stop platform that supports the full lifecycle of agricultural biotech innovation projects.

“DBN has been constantly committed to driving global agricultural advancement through technological innovation,” said Vivian Liu, Director of International Cooperation Platform of DBN. “DBN Phoenix International Innovation Park is a key step in our future development, and we look forward to collaborating with innovators and companies worldwide to build a new frontier in agricultural science and drive industry transformation.”

For more information, please visit the LinkedInFacebook(Meta)Instagram, YouTube, and Twitter pages of DBN.

Please click here to check the original video: https://youtu.be/f-8zvE3rwPQ

DBN Website: https://www.dbn.com.cn/en/home

CONTACT: od@dbn.com.cn 

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SOURCE DBN Group

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SGS HOSTS COMPREHENSIVE WORKSHOP ON GLOBALG.A.P. V6.0 AND BRCGS – FOOD SAFETY ISSUE 9 IN NASHIK

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NASHIK, India, Oct. 15, 2024 /PRNewswire/ — SGS is proud to organize an exclusive, high-impact workshop focusing on two of the most critical international standards in the sector: GlobalG.A.P. V6.0 and BRCGS – Food Safety Issue 9. This workshop aims to equip food industry professionals with the latest updates, best practices and practical insights to enhance their food safety management systems and maintain compliance with global regulatory standards.

Conducted by seasoned industry experts from SGS, the workshop offers an in-depth exploration of the recent updates to both standards and practical strategies for their successful implementation. Attendees will benefit from actionable guidance that will help streamline operations, boost product safety, and enhance overall supply chain transparency.

The event was presided over by Mr. Amit Thakkar, Managing Director of SGS India and Mr. Nilesh Jadhav, Director – Business Assurance, SGS India. In his address, Mr. Thakkar discussed the progress of our Strategy 2027, which prioritises the expansion of our service offerings and footprint in strategically selected cities across India, including Tier 2 and Tier 3 cities. This initiative is aligned with our ambitious growth plans and underscores our commitment to delivering superior quality services and customised solutions that drive sustainable growth across the industry.

“This workshop is an invaluable opportunity for food businesses to stay ahead of regulatory changes and continuously improve their food safety systems,” said Nilesh Jadhav, Director– Business Assurance at SGS India. “By participating in this session, companies can strengthen their market competitiveness and demonstrate their commitment to food safety, quality and meet regulatory compliance.”

The workshop will delve into details, which include:

Detailed updates on GlobalG.A.P. V6.0 and BRCGS – Food Safety Issue 9Expert-led sessions on audit scope, key focus areas, and risk management strategiesPractical advice on enhancing food safety protocols and ensuring supply chain transparency

The event concluded with Mr. Amit Thakkar presenting certificates to the participants, recognising their commitment to advancing food safety standards.

ABOUT SGS

We are SGS – the world’s leading testing, inspection and certification company. We are recognized as the global benchmark for sustainability, quality and integrity. Our 99,600 employees operate a network of 2,600 offices and laboratories around the world.

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World’s first biodegradable plastic produced from CO2 emissions in Finland

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ESPOO, Finland, Oct. 15, 2024 /PRNewswire/ — Fortum Recycling & Waste, a leading waste management and circular solutions company from Finland, has succeeded in producing biodegradable plastic from carbon dioxide (CO2) emissions from waste incineration at its plant in Riihimäki, Finland. This breakthrough, based on carbon capture and utilization (CCU), is a significant step towards reducing and utilizing industrial carbon dioxide emissions. 

According to Tony Rehn, Head of the Carbon2x program, the production of CO2-based plastic provides a new, sustainable raw material for the plastics industry. 

“I am very proud that our team is the first in the world to successfully produce biodegradable plastic entirely from carbon dioxide emissions. This breakthrough is a significant step towards more sustainable plastic production. This kind of development work helps to reduce dependence on fossil-based raw materials and can create new circular economy-based business,” Rehn explains. 

Similar carbon capture development projects are underway in several industrial sectors in Finland and globally, but the majority of them focus on the production of synthetic fuels and carbon capture and storage (CCS). 

“Captured carbon dioxide should be utilized as a new raw material instead of storing it underground or releasing it into the atmosphere when using fuel. Utilizing captured CO2 is a much more sustainable option in terms of tackling resource scarcity in the future. Whereas carbon capture and storage is a linear solution that does not address the growing material shortage, carbon capture and utilization promotes circular economy,” says Rehn. 

Fortum Recycling & Waste’s Carbon2x program piloted carbon capture and utilization in 2022. The program aims to capture carbon dioxide emissions from the incineration of non-recyclable waste and use them to produce sustainable products, such as biodegradable plastic. 

Plastic is a superior material due to its versatility 

Every year, Europe generates nearly 100 million tons of non-recyclable waste that is incinerated and utilized in energy production. According to Rehn, the wider implementation of the Carbon2x program’s innovation would mean that up to 90% of the CO2 emissions released into the atmosphere from waste incineration could be captured and bound into products. 

Lightweight, durable, and easily modifiable, plastic today is an indispensable material in, for example, food packaging and consumer product manufacturing. According to Rehn, new sustainable solutions are needed for plastic production to complement recycled and bio-based plastics. Biodegradable, CO2-based plastic offers a significant alternative to the market because it has the same qualitative properties as traditional, fossil-based virgin plastics. 

“We want to promote the circulation of materials comprehensively. We believe that a whole new category of sustainable plastics is emerging from products such as ours, even though the mechanical recycling of plastics is still needed,” Rehn clarifies. 

Biodegradable, CO2-based plastic can be recycled just like many other plastics, closing the carbon cycle. An additional advantage of biodegradable plastic is that even if it would end up in nature by accident, it decomposes and does not leave harmful microplastics in the environment. 

According to Rehn, the Carbon2x program’s innovation is hoped to provide solutions not only for material production for food and cosmetics packaging, but also for other sectors such as toys and home electronics. 

Rehn estimates that at this rate of development, the industrial production of biodegradable plastic made from waste incineration’s CO2 emissions could start as early as the end of the decade. The new “plastics born from CO2” brand will be introduced to the European market in November 2024. 

Background Information 

Carbon Capture. Carbon capture (CCS and CCU) refers to technologies that remove carbon dioxide from industrial flue gases. Using capture technologies, the carbon dioxide generated in processes is captured before it is released with the exhaust gases. Currently, various research and development organizations have most commonly presented options for storing captured carbon dioxide, for example, under the seabed. However, the Carbon2x program believes that a more environmentally friendly and, in terms of resource scarcity, a better solution is to utilize captured carbon dioxide as new materials instead of storing it. This can reduce the use of fossil raw materials and return carbon to the material cycle. 

Carbon Capture (CC) refers to the separation of captured carbon dioxide from the flue and exhaust gases of power plants or industrial processes, or alternatively directly from the atmosphere. 

Carbon Capture and Storage (CCS) refers to the long-term storage of captured and separated carbon dioxide underground or under the seabed. 

Carbon Capture and Utilization (CCU), on the other hand, aims to convert captured carbon dioxide into various end products, such as fuels, chemicals, or materials. 

Biodegradable plastics are materials that completely decompose into carbon dioxide and water in nature through the action of naturally occurring microorganisms, such as bacteria, fungi, or algae. 

Tony Rehn, Head of the Carbon2x program 
Email: tony.rehn@fortum.com
Tel: +358 40 4855 857 

Heli Poikonen, Communications and Marketing Director
Email: heli.poikonen@fortum.com
Tel: +358 50 3794 119 

More information about the Carbon2x project: https://fortum.com/carbon2x

More information on CO2-based plastics: https://plasticsbornfromco2.com/

Carbon2x. The goal of Fortum Recycling & Waste’s Carbon2x concept, launched in April 2022, is to recycle otherwise non-recyclable waste by capturing the carbon dioxide emissions generated from its incineration and returning the carbon dioxide to the material cycle as high-quality plastics. The pilot project utilizing carbon dioxide generated from waste incineration is the first of its kind in the world. The pilot is being implemented at Fortum’s plant in Riihimäki, Finland. The first products of the Carbon2x program are expected to reach the market within this decade. 

Fortum Recycling & Waste  
Fortum Recycling & Waste is Rethinking Recycling and leading the way towards revolution of materials. Solving problems is in our DNA and our mission is to transform waste streams back to essential raw materials. Our role is to find solutions for our customers’ environmental and waste challenges to enable circularity of materials.  

Fortum Recycling & Waste operates in the Nordics, offering environmentally friendly waste management and hazardous waste treatment. Additionally, we provide recycling services for materials – including solutions for plastics, metals, as well as ash and slag residues. We employ approximately 900 people. 

Fortum Recycling & Waste has recently been acquired by Summa Equity through its portfolio company NG Group. The transaction is subject to customary closing conditions and is expected to be completed in the fourth quarter of 2024.  

Read more on Fortum Recycling & Waste in here: Fortum Recycling & Waste | Fortum

This information was brought to you by Cision http://news.cision.com

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Press Release 15 Oct 2024 World’s first biodegradable plastic produced from CO2 emissions in Finland

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Biodegradable plastic sample

 

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