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New Research: The Evolving Needs of the Asian Retail Investor

Study from Kapronasia & ViewTrade Underscores the Need for Brokers to Better Meet the Needs of Asian Investors

SINGAPORE, Sept. 16, 2022 /PRNewswire/ — ViewTrade, the force that powers fintech, in collaboration with Kapronasia, the leading Singapore-based fintech research and consulting firm, jointly published a new study today, “The Empowerment of the Asian Retail Investor: Understanding the Evolving Investment Behavior of Asian Retail Investors and How to Cater to Them.” The research was conducted by Kapronasia and commissioned by ViewTrade.

To download a copy of the new report, please visit: https://viewtrade.com/asian-retail-investor-research/

“At ViewTrade, we work with the most forward-thinking brokers and fintech innovators across Asia and support them in their efforts to constantly improve the trading experience for their clients,” said Mr. Andy Liao, Regional Manager, Asia at ViewTrade. “We think the insights from this study can help our clients and the overall industry continue to evolve and best serve investors both today and tomorrow.”

The research offers a deep dive into the current emerging trends and competitive landscape for brokers across the region and shares advice on what service and technology providers need to do to stay ahead. It also provides a snapshot of today’s Asian retail investors and reveals what they are looking for when it comes to investing experiences.

“What is clear from our research is that digital transformation is bringing about a profound shift in how retail investors across Asia expect to be served,” said Mr. Zennon Kapron, founder and director of Kapronasia. “If brokerages across the region want to remain relevant, they have to invest in digitalization and providing the user experiences customers have come to expect.”

Key Findings

  • While the main revenue generator for the majority of brokerages across the region is still the older investor segment, they cannot afford to take their eye off strategically important younger retail investors.
  • The stark lesson for brokerages across the region is digitalize or cease to exist. The switch by retail investors to online has been dramatic. The switch to mobile has been more dramatic still. (For example, ViewTrade’s partner Sinopac is now seeing 95% of their clients using mobile.)
  • Customer-centricity has become the name of the game. Rapidly changing customer preferences require agility to respond quickly. Brokerages have to become adept at providing that customer journey.

“The technology and the customer experience are really changing, and this is something which is very important because if you look at everything that is available in the market today, the emphasis really is on that client journey. And making sure that it is a seamless client journey, and that it scales,” said Mr. Alexander Thorhauge, Head of Retail Business at Maybank Securities, one of ViewTrade’s clients who was quoted in the study.

About ViewTrade

ViewTrade is the force that powers fintech and cross-border investing for financial services firms throughout the world. We provide the technology, support and brokerage services that business innovators need to quickly launch or enhance a retail investing experience. Over the past 20+ years, our approach has helped 300+ firms – from technology startups to large banks, brokers and advisors – create the differentiating investment experiences their customers demand. With clients in over 20 countries and a team that brings decades of experience and understanding of brokerage technology and services, we help our business clients deliver the investment access and financial solutions they require.

For more information, visit https://viewtrade.com/, and follow the company on LinkedIn.

Media Contact

Alex Shafer 

viewtradepr@jconnelly.com 

973-934-5100

Logo – https://mma.prnewswire.com/media/1866020/ViewTrade_Logo.jpg



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Press Release

DXC Technology Calls for Latest Innovations from Insurance Startups and Scaleups across Asia Pacific through the DXC Invitational

Winning entries from the annual insurtech competition will help address key challenges in the insurance industry

SYDNEY, Oct. 4, 2022 /CNW/ – DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services company, today announced the launch of the DXC Invitational across Asia Pacific as part of its global insurtech competition, aimed at bringing the latest innovations to the insurance industry.

The DXC Invitational, established three years ago in Australia encourages late-stage startups and scaleups with existing, market-ready products or solutions relevant to the insurance industry to enter the competition.

In particular, DXC is keen to discover solutions that improve customer experience, increase efficiencies and support compliance across the distribution value chain and lifecycle of a policy, including prevention and claims management.

While not a pre-requisite, DXC is also seeking solutions that can integrate with DXC Assure, its integrated software solution that helps insurers enable a digital customer experience, and can accelerate the consumption of technology and new data sources to support the latest insurance products.

“Realizing the power of outside-in innovation, DXC launched the DXC Invitational to yield joint solutions by bringing out the best in some of the industry’s top talent in the startup community. The competition has been a stepping stone for insurtechs, with a number of them going on to collaborate with DXC and gaining access to new markets and resources across the globe,” said Michael Neary Regional General Manager, Insurance, Asia Pacific at DXC Technology.

In partnership with Insurtech Australia, a national, not-for-profit organisation fostering collaboration with industry, partners and insurtech in Australia, this is the first time DXC will be extending the competition across the Asia Pacific region, welcoming entries from Singapore, Malaysia, Thailand, Philippines, Indonesia, Vietnam, Greater China, India and Japan, in addition to Australia and New Zealand.

“Insurtech Australia is delighted to collaborate with DXC for another year to bring innovation to the insurance industry. I am excited that this year, the competition will be expanding across the Asia Pacific region. This initiative demonstrates that DXC is committed to supporting both the insurance industry and insurtech community, to hopefully help change the way in which customers are serviced and the landscape of insurance into the future,” said Insurtech Australia CEO, Simone Dossetor.

Another unique aspect of this year’s program is our collaboration with UTS Startups, an initiative by one of Australia’s leading universities to inspire and develop the skills, knowledge and confidence amongst students to be entrepreneurs and support them at scale. UTS has a significant portfolio of startups that have the ability to bring innovation to the industry and will be encouraging its ecosystem to apply for this competition.

“DXC has a wonderful track record of helping startups grow and find their customers, and I couldn’t be more excited to be working with them on this wonderful opportunity for startups in the insurance industry said Murray Hurps, Director of Entrepreneurship, UTS.

UTS Startups will also help DXC bring the pitch sessions to life via a virtual stream across Asia Pacific for the industry to see the latest innovations in insurance. “The insurance industry is undergoing a state of transformation with insurers looking for innovative solutions to improve overall customer experience and engagement. It is important we maintain the momentum this program has created as it provides us with an opportunity to take fresh ideas to our customers. Every entry in the DXC Invitational competition demonstrates the potential innovation that can be achieved in the insurance sector,” added Neary.

Since the competition was launched, DXC has collaborated with Australian insurtech firms, including 1Wordflow, Mapcite, Daisee, Guroos and Springday.

DXC Invitational applicants can enter their submissions in one of two categories:

  • Category 1: The Digital Insurance Ecosystem
  • Category 2: Enriching the Insurance Experience

Applicants will have the opportunity to participate in workshops consisting of technical tutorials, business guidance and sales coaching led by DXC. This will assist in preparation for the final presentation and demonstration of the applicant’s working solution to the judging panel.

The judging panel, composed of clients, industry experts and DXC’s leadership team, will select a winner from each category. Each winning team will receive an invitation to partner with DXC globally, gain access to DXC’s customers and deploy their solution across regions.

Applications for DXC Invitational must be submitted online; and winners will be announced on 20 October 2022.

About DXC Technology

DXC Technology (NYSE: DXC) helps global companies run their mission-critical systems and operations while modernising IT, optimising data architectures, and ensuring security and scalability across public, private and hybrid clouds. The world’s largest companies and public sector organisations trust DXC to deploy services to drive new levels of performance, competitiveness, and customer experience across their IT estates. Learn more about how we deliver excellence for our customers and colleagues at DXC.com..

About Insurtech Australia

Insurtech Australia is a national, not-for-profit organisation, run for the benefit of our members and partners across all corners of Australia. We are all about supporting and growing the Australian Insurtech community including Insurtech startups, Insurers, Hubs, Accelerators, Investors and advocating on behalf of our members and partners. Insurtech Australia aspires to make Australia one of the world’s leading markets for Insurtech and insurance innovation. We do this by collaborating with insurers, startups, regulators and investors to create the best possible regulatory environment, and by fostering an ecosystem of supportive partners and networks so Insurtech can thrive and grow in Australia.

About UTS Startups

UTS Startups is the home of entrepreneurship at UTS. We inspire students to be entrepreneurs and support them at scale. Develop the skills, knowledge and confidence that you need to explore entrepreneurship in your career

Logo – https://mma.prnewswire.com/media/1912224/DXC_Technology_Company_DXC_Technology_Calls_for_Latest_Innovatio.jpg 

Contact: Sheila Dhillon, director, Corporate Communications, DXC Technology – sdhillon@dxc.com

 



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Press Release

Education Cannot Wait Announces US$11.8 Million Catalytic Grant in Haiti

Implemented by UNICEF and WFP in partnership with the Government of Haiti, new grant seeks to catalyze US$16.7 million in additional funding to reach 45,000 children

NEW YORK, Oct. 3, 2022 /PRNewswire/ — In response to the evolving humanitarian crisis in Haiti, Education Cannot Wait (ECW) announced today a US$11.8 million Multi-Year Resilience Programme that seeks to mobilize an additional $16.2 million to reach more than 45,000 children with holistic educational supports.

The three-year programme will be delivered by UNICEF and the World Food Programme (WFP) in coordination with the Government of Haiti and local partners. The seed-funding investment builds on ECW’s US$1.5 million First Emergency Response, bringing total investments in Haiti to US$13.3 million to date.

Haiti has suffered multiple crises over the years affecting access to a continued and inclusive quality education. We cannot stand by. This is our investment to empower them to rebuild their lives and Haiti,” said Yasmine Sherif, Director of Education Cannot Wait, the United Nations global fund for education in emergencies and protracted crises.  

While 7 out of 10 Haitians are able to go to primary school, just 60% have access to preschool and only 15% are able to go on to secondary education. Most of the country’s schools are private, making it even more difficult for poor or displaced families to access learning opportunities for their children. Over half of the country’s schools do not have water or toilets and 75% have no electricity.

“This programme supports the Ministry of Education and Professional Training (MENFP) in providing quality and inclusive education that meets the needs of crisis-affected students. By maintaining the principle that education remains a fundamental and inalienable human right, MENFP wants to guarantee inclusion and equity of access to education for all,” said Mr. Nesmy Manigat, Minister of Education and Professional Training in Haiti.

The initial seed funding grant will reach more than 20,000 girls and boys across 35 districts, providing a holistic quality education, including mental health and psychosocial support and school meals.

Worldwide, there are approximately 222 million crisis-impacted children in need of urgent education support. People looking to make a difference can call for leaders to take action in Haiti and beyond, using the #222MillionDreams✨📚 hashtag and by making individual donations to ECW.

Logo:  https://mma.prnewswire.com/media/1656121/Education_Cannot_Wait_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/education-cannot-wait-announces-us11-8-million-catalytic-grant-in-haiti-301639467.html



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Global AdTech Company TripleLift Names Dave Clark as New Chief Executive Officer

Digital media executive joins company as it accelerates media + data strategy and international expansion

NEW YORK, Oct. 3, 2022 /PRNewswire/ — TripleLift, the advertising technology company reinventing ad placement, today announced that Dave Clark has joined as its Chief Executive Officer. Clark most recently served as General Manager at FreeWheel, a Comcast Company. He replaces Eric Berry, the company’s co-founder and CEO, who is stepping away from his role overseeing TripleLift’s day-to-day operations. Berry will continue with the company as a member of its Board of Directors. The change comes after years of consistent growth and numerous milestone achievements for TripleLift, including the sale of the company to Vista Equity Partners and recent acquisition of 1plusX, a global first-party data activation platform.

Dave Clark is a seasoned digital media executive with over two decades of experience spanning ad tech, streaming, software and publishing. Prior to FreeWheel, he held numerous leadership roles at both high-growth and established companies including The Weather Channel, Viacom, and Fuse TV. Known for his considerable operational and sales expertise, Clark has a track-record of capitalizing on a company’s strength and seizing new growth opportunities to maximize future potential.

“For years, I have been inspired by TripleLift’s rise to become a top global supply side platform through its impactful formats, market-leading data solutions and by delivering unmatched customer service,” said Clark, TripleLift’s new CEO. “I am eager to maintain the path that has made this company so successful and to continue its vision of bringing media and data together – from native to CTV.”

“Dave’s deep, hands-on experience across digital media, and his ability to accelerate growth for both mature and emerging companies, makes him uniquely positioned to lead TripleLift forward,” said Berry, TripleLift’s co-founder. “Since founding this company over a decade ago, I’ve had the privilege to work alongside such a talented team who has helped realize our growth potential. Going forward, I’m incredibly confident that Dave is the right person to lead TripleLift in its next chapter.”

Clark’s appointment comes in a year of rapid change for TripleLift. In March, the company completed its acquisition of 1plusX, a global first-party data activation platform, to accelerate its media + data strategy and enhance its portfolio of first-party data solutions for publishers and advertisers. In August, it announced an expansion of its business into the DACH region, bringing new markets to an already long list of regions outside the U.S. from EMEA to APAC. In September, it announced Vevo as another major streaming partner to integrate the company’s ground-breaking CTV In-Show technology, which inserts brands and products into television programming through post-production product placement.

Additionally, Ari Lewine, Co-Founder and Chief Strategy Officer, and Jacqueline Quantrell, Chief Revenue Officer, will be leaving their roles at the company.

“Eric, Ari and Jax have each individually played integral roles in building TripleLift into the immensely successful company it is today. We are grateful for Eric and Ari’s determination to achieve their founding vision and for Jax’s commitment to growing the business during her successful five year tenure as Chief Revenue Officer,” said Martin Taylor, Managing Direct at Vista Equity Partners, President of OneVista, and TripleLift Board Member. “In Dave, we have found a CEO whose experience closely matches the ambitions of the company and who can step in on Day 1 to ensure TripleLift’s customers continue to get the service they expect and results they require.”

About TripleLift

TripleLift is the advertising technology company reinventing ad placement at the intersection of creative, media and data. Our marketplace serves the world’s leading brands, publishers, streaming companies and demand-side platforms, executing over 1 trillion ad transactions every month. Customers choose us because of our addressable offerings from native to online video to connected television, innovations that insert brands into content in real-time, and supportive experts dedicated to maximizing partner performance. And with its acquisition of 1plusX, customers can unlock the full value of their marketing data in a privacy-safe way with its first-party data management platform. Part of the Vista Equity Partners portfolio, TripleLift has appeared on both the Inc. 5000 and Deloitte Technology Fast 500 for five consecutive years, has been named to Business Insider’s list of Hottest Ad Tech Companies for three straight years and was awarded Most Innovative TV Advertising Technology by AdExchanger in 2021. Find out how TripleLift is shaping the future of advertising at triplelift.com.

Logo – https://mma.prnewswire.com/media/1476042/TripleLift_Logo.jpg

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/global-adtech-company-triplelift-names-dave-clark-as-new-chief-executive-officer-301639088.html



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