By Nitya Chakraborty On the eve of the ASEAN Summit in Manila scheduled on November 15 to 17, a big pressure has been mounted on India by the member countries of RCEP including China and New Zealand to join the Regional Comprehensive Economic Partnership (RCEP) which was formalized in November 2020 and emerged as the […]
Dubai has outlined the eligibility rules and benefits of its invitation-only Access Club, offering selected repeat visitors a five-year multiple-entry tourist visa and privileges across hotels, shopping destinations and attractions. The programme, developed by the General Directorate of Identity and Foreigners Affairs – Dubai (GDRFA Dubai) and the Dubai Department of Economy and Tourism (DET), will grant five-year memberships through nominations by participating companies and loyalty schemes. […]
Arabian Post Staff -Dubai Dubai’s Emaar Properties has approved a cash offer to acquire the remaining shares in Emaar Development, paving the way for the subsidiary’s potential delisting from the Dubai Financial Market in a transaction worth approximately Dh11.9 billion ($3.24 billion). The board-backed proposal offers minority shareholders Dh15 per share for the 19.8387 per cent stake not already controlled by Emaar Properties and its indirectly wholly […]
By Dr. Gyan Pathak Millions of Indians will soon be deprived of government assistance across the country, if the proposed national policy shift from Aadhaar based transactions of goods and cash to Voter ID (EPIC) is implemented. It will be inhuman on the part of the PM Narendra Modi led BJP government to first getting […]
Hong Kong has approved legislation requiring cryptocurrency service providers to collect customer and transaction information from 2027, enabling the territory’s tax authorities to share the records with overseas counterparts from 2028. The Legislative Council passed the Inland Revenue (Amendment) (Crypto-Asset Reporting Framework and Amended Common Reporting Standard) Bill on Wednesday, November 4, bringing digital asset transactions within an international system designed to identify cross-border tax evasion. The […]
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 5 November 2026 – Skyro, a high-growth digital finance group that reached operational break-even in the Philippines just over three years after launching there, has introduced its first lending product in Malaysia. The company is starting with digital cash loans and hopes to expand its offering by introducing a product with an approved credit limit, potentially before the end of 2026.
Skyro has operated in the Philippines since 2022, building a registered user base of more than 7 million and an active loan portfolio exceeding US$200 million. In September 2026, the company announced that it had secured approval from Malaysia’s Ministry of Housing and Local Government (KPKT) to provide online moneylending services. Malaysia is Skyro’s second market in Southeast Asia.
Skyro’s first Malaysian product offers new customers cash loans of up to RM1,000 (approximately US$250), with repayment terms of up to four months. The company plans to gradually increase borrowing limits for eligible customers, potentially reaching RM10,000 (approximately US$2,500), as it builds its local lending portfolio.
The application process takes place entirely in the Skyro mobile app, without requiring a branch visit. Malaysian citizens with a valid MyKad and regular income can apply by verifying their identity and providing supporting income documents. Skyro assesses each application individually, taking into account the applicant’s income, existing financial commitments and credit history. Most applicants receive a decision within minutes, with approved funds transferred directly to their bank accounts.
Transparency is a central feature of the new product. Before signing the loan agreement, customers can review their approved loan amount, monthly installments, applicable fees and total repayment obligation, based on a fixed interest rate of 1.5% per month.
Arsen Liametov, co-founder and co-CEO of Skyro, said:
“For many people, financial needs don’t always arise at a convenient time. Whether someone needs to pay for home repairs or an unexpected expense, we want Malaysians to have another option to consider when they need short-term financing. But making credit available is only one part of our service. It’s equally important that customers understand what they’re borrowing, what it will cost and how they’ll repay it before making that decision.”
As its Malaysian business evolves, Skyro hopes to introduce a product with an approved credit limit by the end of 2026 that would enable customers to apply for subsequent loans more easily once they have established a repayment record with the lender. Skyro will use insights from its initial cash-loan offering to adapt future products to Malaysian consumers’ needs and borrowing habits as it works towards building a financial ecosystem.
The launch comes as Malaysia steps up efforts to tackle illegal moneylending, including unlicensed Ah Long lenders and fraudulent loan apps. For consumers with limited access to traditional bank credit, licensed digital cash loans and revolving credit lines can provide a safer, more transparent alternative, combining convenient access to financing with clear repayment terms and responsible lending practices.
Hashtag: #Skyro
The issuer is solely responsible for the content of this announcement.
About Skyro
Skyro is a high-growth, digital-first fintech group delivering scalable, responsible financial access across high-potential emerging markets. Launched in the Philippines in 2022, the group now has more than 7 million registered users and a credit portfolio exceeding US$200 million.
Powered by proprietary data science, AI-driven credit decisioning and alternative-data scoring, Skyro combines a mobile-native experience with modular fintech architecture to serve underserved customer segments at scale.
Founded by Arsen Liametov and Nasim Aliev through a management buyout, Skyro is financed through a balanced combination of private capital, debt facilities and strategic equity investment from GCC-based investors. The company is expanding into new markets as it seeks to build a diversified financial services business across emerging economies.
Arabian Post Staff -Dubai Abu Dhabi’s Ta’ziz has completed $1.39 billion (Dh5.1 billion) in financing for a chemicals terminal and an ammonia plant in Ruwais, with both transactions attracting commitments above the amounts sought. The company announced the financial close on Wednesday at the Adipec 2026 energy exhibition. More than $928 million was arranged for the Ta’ziz Terminal project, including $225 million in Islamic financing, while the […]
Arabian Post Staff -Dubai Abu Dhabi Investment Authority has joined I Squared Capital and aircraft lessor Avolon to establish Constellation Aviation, a leasing investment platform expected to acquire 22 aircraft valued at $1.4 billion. The agreement, announced on 2 November, brings together a wholly owned subsidiary of the Abu Dhabi sovereign wealth fund, the Miami-based infrastructure investor and Dublin-based Avolon. The initial aircraft portfolio is already leased […]
Cyberport Community Cumulative Funding Surpasses HK$74.5 Billion, Welcoming 19 Listed Companies and 2 Unicorns over the Past Year
Cyberport Investors Network (CIN) Celebrates 9th Anniversary, Facilitating Over HK$6 Billion in Cumulative Funding
Cyberport Signs MoUs with Gobi Partners and Thailand’s National Innovation Agency to Unlock Global Growth Corridors
HONG KONG SAR – Media OutReach Newswire – 4 November 2026 – The annual flagship event Cyberport Venture & Capital Forum 2026 (CVCF) officially opened today at Hong Kong Cyberport. The two-day forum, themed “Scaling in a Changing World: Winning the Next Competitive Cycle”, brings together over 80 influential global venture capitalists, entrepreneurs and industry leaders to explore new frontiers in global venture trends, capital rerouting, Enterprise and Agentic AI, One-Person Companies (OPCs), digital assets, frontier technologies, and tokenisation economy, aiming to spotlight Hong Kong’s unique position as a strategic gateway connecting the Chinese Mainland, ASEAN, the Middle East, Central Asia and global innovation and funding networks. The forum also showcases the latest fundraising achievements of Cyberport start-ups.
The forum was inaugurated by Lillian Cheong, Acting Secretary for Innovation, Technology and Industry and Simon Chan, Chairman of Cyberport, and other distinguished guests at the opening ceremony, marking the official start of this global forum.
Lillian Cheong, Acting Secretary for Innovation, Technology and Industry, said “Turning AI potential into sustainable growth requires more than technology. It also requires investment, business expertise and access to markets. This is where today’s forum can make a difference – bringing innovators and investors together to explore emerging technologies, support promising ventures and open doors to new opportunities. The HKSAR Government will continue to strengthen the support that helps promising ventures grow as well its investment to mobilise more private capital, consolidating Hong Kong’s position as an international innovation and technology centre, and as a premier hub for AI.”
Simon Chan, Chairman of Cyberport, said: “In a shifting global capital landscape, Hong Kong’s role as a ‘super-connector’ and ‘super value-adder’ between the Chinese Mainland and the world is more valuable than ever. The cross-border dialogue and partnerships forged here will create fresh opportunities for innovation, investment and collaboration.”
Cyberport Start-ups Show Robust Fundraising as AI and the Agentic Economy Take Centre Stage
Cyberport’s start-ups have demonstrated robust fundraising performance over the past year. Cyberport gathers over 2,400 companies, Cyberport start-ups have raised over HK$74.5 billion in funding. During the year, Cyberport proudly welcomed 19 listed companies and 2 unicorns to its community. Recent high-value fundraising rounds include Finloop, Qupital and Premialab, leverage AI, blockchain and digital assets — reflecting sustained market confidence in these emerging technologies and underscoring Cyberport’s success in fostering their development.
CIN Celebrates 9th Anniversary, Connecting Global Capital with High-Potential Start-ups
As Hong Kong’s digital tech hub, AI accelerator and key incubator, Cyberport actively connects global investors with start-ups through diverse funding channels.
The CIN 9th Anniversary Celebration commemorated a successful nine-year milestone while ushering in a new chapter of leadership, as the chairmanship passed from Hendrick Sin to John Ng. To honour this pivotal handover, Hendrick Sin, Hon. Duncan Chiu, and Cindy Chow were officially designated as Honorary Chairs of CIN in recognition of their distinguished contributions to the ecosystem.
Hendrick Sin, Honorary Chair of CIN; Co-Founder of CMGE Technology Group Limited; Chairman of China Prosperity Capital, stated in his video speech, “CIN has facilitated over HK$6 billion in investments across more than 130 projects since its inception, reflecting strong investor confidence in Cyberport companies. Looking ahead, we will strengthen the quality and depth of our deal flow, enhance structured capital partnerships to broaden access to funding at different growth stages, and deepen our relationships with CVCs, PE firms, family offices and LPs, further diversifying CIN’s investor network. Through these efforts, CIN will continue to connect promising companies with the right capital, expertise and networks needed to scale and succeed.
John Ng, Chairman of CIN, added in his speech, “I’m honoured to be appointed Chairman of CIN. The network has grown to nearly 250 investment firms, an achievement that reflects the tremendous efforts of Hendrick and the CIN team over the past years. Drawing on my background in corporate venture capital and family offices, one of my priorities will be to expand CIN’s network within these communities and take CIN into its next chapter.”
Another key financing channel, CMF, has invested in 30 start-up projects as of September 2026, with total investment including co-investments exceeding HK$2.7 billion and a co-investment ratio of over 1:9.3. Further augmenting ecosystem liquidity, Cyberport, BOCHK Asset Management and BOC Group Investment formed a strategic partnership in May 2026, as well as with Taiping Financial Holdings in Aug 2026 on venture capital funds to back promising Hong Kong I&T start-ups.
Strategic Partnerships to Unlock Global Growth Corridors
At the Forum, Cyberport signed two Memorandums of Understanding (MoUs), with Gobi Partners and with Thailand’s National Innovation Agency (NIA), to solidify global corridors for cross-border expansion.
Cyberport and Gobi Partners signed a Memorandum of Understanding (MoU) to deepen collaboration in nurturing innovation and technology enterprises, facilitating market expansion and investment opportunities, and strengthening the innovation ecosystems of Hong Kong, Asia and the Middle East.
Building on a longstanding partnership, Gobi has invested in more than 24 Cyberport companies, including CMF co-investments. Witnessed by Lillian Cheong, Acting Secretary for Innovation, Technology and Industry, Simon Chan, Chairman of Cyberport, and Chibo Tang, Managing Partner, GBA Team of Gobi Partners, the MoU was signed by Dr Rocky Cheng, CEO of Cyberport, and Fred Li, Managing Director, GBA Team of Gobi Partners.
Meanwhile, Cyberport and Thailand’s National Innovation Agency (NIA) signed an MoU to promote cross-border innovation collaboration, startup development and knowledge exchange in AI, smart city and other digital technologies. It will cover soft-landing and market expansion, business matching, innovation programmes and community engagement, joint events, and proof-of-concept and pilot opportunities. The MoU was witnessed by Lillian Cheong, Acting Secretary for Innovation, Technology and Industry, Simon Chan, Chairman of Cyberport, and Preechaya Panyakrua, Innovation Counsellor of NIA, and signed by Dr Rocky Cheng, CEO of Cyberport, and Dr Krithpaka Boonfueng, Executive Director of NIA.
Decoding the New Playbook for Scaling in the Age of AI
This year’s CVCF programme is organised around three umbrella themes: Mega Trends & AI Frontiers, Regional Market Focus & Global Corridors, and Market Focus & Strategic Capital Dynamics.
Opening the main stage, Mahesh Krishnaswamy, Founder and CEO of Taara, delivered the keynote “The Innovation Playbook: Capitalizing on Moonshots and Faster Cycles in the Age of AI”, sharing how Taara evolved from a radical moonshot into a real-world high-speed optical communications solution — a timely lens on compressed innovation cycles and how breakthrough technology scales.
The forum also brought together venture capital leaders from Gobi Partners, Alumni Ventures, Rasmal Ventures, Primavera Capital, Draper Dragon, Pegasus Tech Ventures, Plug & Play and more to examine AI-driven capital shifts, high-growth corridors across the Middle East, ASEAN and the Greater Bay Area, and how public-private and corporate strategic capital can accelerate tech scale-ups.
Beyond the thought leadership sessions, the event further reinforced Cyberport’s role in connecting capital, innovation and global market opportunities. It also provided a dynamic platform for business matching and startup empowerment. This year’s Founder Pitch attracted strong interest from local and international venture capital firms, enabling startups from early-stage innovators to high-growth scale-ups to present their cutting-edge solutions to investors and ecosystem partners.
Throughout the first day, the event floor featured tailored Investor Matching sessions, dynamic Innovator Showcases featuring elite, high-potential startups across key tech sectors from local and global partner networks, and dedicated Startup Clinics offering practical strategic guidance. Coupled with engaging networking exchanges, Day one concluded on a positive note, reinforcing Cyberport’s ongoing role in connecting capital, innovation, and global market opportunities.
Day two will feature the CVCF’s spotlight event “Agentic Economy Summit”, themed “Intelligent Frontiers, Tokenised Horizons”, featuring a keynote address by Joseph Chan, Under Secretary for Financial Services and the Treasury, and will explore how agentic AI is reshaping business and how digital assets are redefining the way value moves. The summit will examine digital identity, institutional tokenisation, HKD stablecoins, programmable payments and machine-to-machine commerce, alongside the rise of OPCs. Day two also features hands-on startup workshops designed to equip founders with practical playbooks for pitch mastery and market scaling.
For more information on Cyberport Venture & Capital Forum 2026 and the speaker line-up, please visit http://cvcf.cyberport.hk/.
Hashtag: #Cyberport
The issuer is solely responsible for the content of this announcement.
About Hong Kong Cyberport
Wholly owned by the Hong Kong Special Administrative Region (HKSAR) Government, Cyberport is Hong Kong’s digital tech hub and AI accelerator, with a vision to empower industry digitalisation and intelligent transformation, to promote digital economy and AI development, and to foster Hong Kong to be an international AI, innovation and technology (I&T) hub. Cyberport gathers over 2,400 companies, including 30 listed companies and 10 unicorns. 40% of onsite companies’ founders come from 28 countries and regions, while Cyberport companies have expanded to over 36 global markets.
Cyberport, with Hong Kong’s largest AI Supercomputing Centre and AI Lab as the engine, has been building the AI ecosystem with industry-leading AI companies and over 500 AI and data science start-ups. Through development of tech clusters, namely AI, data science, blockchain and cybersecurity, Cyberport empowers industries across smart city and government, banking and finance, digital entertainment, culture and tourism, healthcare, education and training, property management, construction, transportation and logistics, green environment and more, while hosting Hong Kong’s largest FinTech community. Commissioned by the HKSAR Government, Cyberport has implemented proof-of-concept and sandbox schemes, subsidisation for digital tech adoption, industry tech training and start-up incubation, to drive technology R&D, translation and commercialisation, thus propelling digital transformation and intelligent upgrade across industry and society.
Also as “State-level Scientific and Technological Enterprise Incubator” and Hong Kong’s key incubator, Cyberport supports entrepreneurs with funding and office space, extensive networks of enterprises, investors, technology corporations and professional services for business growth and expansion to Chinese Mainland and overseas markets, all-round facilitation for landing in Hong Kong, talent attraction and cultivation, ready as a launchpad to take start-ups in any stages of development to the next level.
By Dr. Gyan Pathak India made “remarkable progress” in reducing poverty, World Bank said in October 2026 report, adding extreme poverty fell to 2.6 per cent who were living on less than $3 a day in 2021 Purchasing Power Parity (PPP) terms. Let Prime Minister Narendra Modi applaud himself, his government, and the Word Bank […]
DIP Holding is targeting an initial public offering price of Dh1.12 a share, a level that would generate approximately $529 million for parent Dubai Investments through the sale of a 20 per cent stake. The proposed pricing, within the previously announced range of Dh1.10 to Dh1.15, would imply a dividend yield of about 7.5 per cent based on the company’s planned distribution for 2027. The price has […]
The seed round scales mamun’s capital infrastructure for trade finance along the Greater Bay Area – Oman – UAE corridor — anchored in Muscat, Abu Dhabi and Hong Kong SAR.
MUSCAT, ABU DHABI/HONG KONG SAR – Media OutReach Newswire – 4 November 2026 – mamun, the Sharia-compliant platform building capital infrastructure for trade finance, has raised a US$3 million seed round led by Phaze Ventures through its Oman Fund, with participation from Jasoor Ventures.
mamun co-founders, left to right: Ahmed Al-Issaei (Co-Founder & CTO), Saleh Al Tamami (Co-Founder & CEO), Mohammed Al Tamami (Co-Founder & CCO)
An exporter in Muscat ships today and gets paid in 60 to 90 days. Banks rarely bridge that gap, as they usually rely on a long financial track record that many small exporters find hard to provide. The Asian Development Bank puts the global trade finance gap at US$2.5 trillion, and 41% of SME trade finance applications are turned down.
mamun’s AI-native underwriting assesses the company behind the trade, alongside the shipment itself: the contract, the buyer, the trade documents and the trading history between them. Its origination engine finds and screens that trade as it forms. Then investors on the platform finance the gap.
The hard part is the border. A cross-border transaction spans two regulators, two banking systems and two legal regimes, with settlement that has to land in another jurisdiction on time, and the collateral is in motion, travelling with the goods along the route.
That complexity is why most of the region’s financing platforms have stayed domestic, and it is mamun’s moat. The platform was built across the corridor: an FSA-regulated home and origination base in Muscat; Abu Dhabi for Gulf capital and UAE flows; and Hong Kong SAR, the financing gateway of the Belt and Road Initiative, for the Greater Bay Area and the Gulf–Asia trade routes.
Roughly 40% of the platform’s trade finance settlements already clear through Hong Kong-based financial institutions and businesses.
mamun’s licence sits within the FSA’s crowdfunding framework, which allows the platform to bring in investors from inside and outside the Sultanate, and to finance companies inside and outside the Sultanate, subject to the platform’s eligibility criteria and the laws applicable in each investor’s country.
The corridor is growing. Oman’s non-oil exports ran about 10% higher year-on-year through the first seven months of 2026 and re-exports 13.6% higher, with the UAE its largest non-oil trading partner. New corridors bring new counterparties: businesses trading together for the first time, with no shared history for a lender to underwrite against.
The round brings together capital from Oman and the UAE: Phaze Ventures invests through its Oman Fund, dedicated to homegrown, AI-enabled Omani businesses, and Jasoor Ventures is an early-stage venture capital firm backing technology founders across the Middle East, North Africa, and Turkey.
The US$3 million will scale that AI-native origination and underwriting, growing the volume of trade the platform can originate, assess and finance along the Greater Bay Area – Oman – UAE corridor. It is where the industry is heading: 84% of banks in the Asian Development Bank’s January 2026 survey already apply AI to trade finance risk. mamun was built that way from origination onward.
“The businesses moving goods between the Gulf and Asia are growing faster than the financing behind them. We built mamun in Muscat, under Omani regulation, to serve trade along the corridor between the Gulf and Asia. This round scales that engine — and the corridor it serves.” — Saleh Al Tamami · Co-Founder & CEO, mamun
“Our thesis is backing the homegrown companies that turn Oman’s diversification agenda into regional infrastructure. mamun is exactly that — structured across the corridor, and built by a team that has executed quietly and precisely. It is a natural commitment from the Oman Fund.” — Abdullah Al Shaksy · Co-Founder & CEO, Phaze Ventures
mamun was founded by Saleh Al Tamami, Co-Founder & CEO, Mohammed Al Tamami, Co-Founder & Chief Commercial Officer, and Ahmed Al-Issaei, Co-Founder & CTO, and was named a Rising Star on the Deloitte Technology Fast 50 Middle East 2025, ranking 26th.
This announcement is for information only and does not constitute an offer or invitation to invest. mamun is not licensed by the Securities and Futures Commission of Hong Kong (SFC).
Hashtag: #mamun
The issuer is solely responsible for the content of this announcement.
ABOUT mamun
mamun builds capital infrastructure for trade finance. The platform is Sharia-compliant, licensed and regulated by the Financial Services Authority of Oman (FSA Licence CMI051). This licence covers the Omani entity only. The group also has entities in Abu Dhabi and Hong Kong SAR. It connects businesses and investors to finance cross-border trade — exports, imports and the working capital that moves goods between markets.
ABOUT PHAZE VENTURES
Founded in 2018, Phaze Ventures is Oman’s oldest private venture capital firm. Headquartered in Oman, with a presence in Saudi Arabia and the UAE, it backs early-stage AI and deeptech companies globally and homegrown technology businesses through the Oman Fund.
ABOUT JASOOR VENTURES
Jasoor Ventures, meaning “courageous” in Arabic, is an ADGM-based venture capital firm, investing across the Middle East, North Africa, and Turkey.
A ‘blue wave’ would create clear winners and losers across the US stock market. If Democrats take both chambers, hospitals, defence contractors and clean energy look likely to gain, while drugmakers, data centres and banks stand to come off worst. A sweep now looks more likely than not. Prediction markets give Democrats better than a 90% chance of taking the House. The Senate is tighter, with Republicans […]
Austria’s bank99 is expanding into small-business banking with a new range of accounts, savings products and payment cards, using the country’s extensive postal network to reach companies beyond major cities. The Austrian Post-controlled lender announced the business99 offering on Monday, targeting sole traders, partnerships and incorporated companies. Its strategy combines digital account opening with access to banking assistance and cash services at post offices and postal partners […]
Cybercriminals impersonating OpenAI are directing ChatGPT subscribers to fraudulent payment pages hosted on rotating WordPress websites, with operators able to demand bank verification codes after capturing card details. Cybersecurity company Fortra identified a reusable phishing kit behind the campaign, documenting identical malicious checkout forms on separate websites and a control panel that allows attackers to manage individual victims in real time. Its findings, published on 26 October, […]
Empowering Global Collections and Payments for Foreign Trade Enterprises
HONG KONG SAR – Media OutReach Newswire – 3 November 2026 — XTransfer, the world’s leading B2B cross-border trade payment platform, and Bank of China (Hong Kong) (“BOCHK”) are pleased to announce the signing of a cooperation agreement. The two parties will work together to expand their international business, providing one-stop cross-border financial services, including global collections, payments, and foreign exchange, for enterprises engaged in international trade in Hong Kong and around the world.
(Left to Right) Mr Martin Liu, Vice President of XTransfer, Mr Bill Deng, Founder and CEO of XTransfer, Mr Liu Chao, General Manager of the Global Corporate Banking Department of BOCHK, Ms Winnie Fan, Deputy General Manager of the Global Corporate Banking Department of BOCHK.
Coinciding with Hong Kong FinTech Week 2026, Mr Martin Liu, Vice President of XTransfer and Ms Winnie Fan, Deputy General Manager of the Global Corporate Banking Department of BOCHK, officially signed the cooperation agreement at the XTransfer booth, witnessed by Mr Bill Deng, Founder and CEO of XTransfer and Mr Liu Chao, General Manager of the Global Corporate Banking Department of BOCHK, marking a new stage in the partnership between the two parties.
Under this cooperation, XTransfer and BOCHK will collaborate in depth across business areas including global collections, payments, and foreign exchange. Leveraging BOCHK’s professional capabilities in cross-border settlement and foreign exchange trading, as well as its unique position as the RMB clearing bank in Hong Kong, combined with XTransfer’s self-built globally unified B2B cross-border settlement network and risk management system, the two parties will jointly create an efficient, lower-cost, and compliant fund collection, payment, and currency exchange experience for foreign trade enterprises. Under this cooperation model, XTransfer is the first corporate partner of BOCHK.
As the cooperation progresses, foreign trade enterprises in Hong Kong and around the world will be able to access global cross-border collection, payment, and foreign exchange services more conveniently, meeting their multi-currency transaction and settlement needs across different markets. Both parties expect that by reducing the handover points in cross-border transaction processes, they can enhance the service experience and capital turnover efficiency, helping enterprises seize global trade opportunities more flexibly.
This cooperation also reflects XTransfer’s continuously deepening Financial Institution Partnership Model. Financial institution partners can act as “Co-builders“, providing cross-border collection, payment, and foreign exchange capabilities; at the same time, through XTransfer’s network covering over one million business customers, they can reach more enterprise customer segments with cross-border financial service needs, achieving complementary capabilities and shared strengths.
Mr Bill Deng, Founder and CEO of XTransfer, said, “We are very honored to sign the cooperation agreement with BOCHK during Hong Kong FinTech Week. BOCHK is one of Hong Kong’s most representative banks, with deep expertise in cross-border settlement and foreign exchange services. This cooperation combines the strengths of both parties, enabling SMEs to enjoy cross-border financial services of the same standard as large multinational corporations. Going forward, we will continue to refine our compliance and risk control capabilities and work with more financial institution partners to build trustworthy cross-border financial infrastructure.” Hashtag: #XTransfer #BOCHK #Partnership #Crossborder #Payment #SMEs
The issuer is solely responsible for the content of this announcement.
About XTransfer
XTransfer is the world’s largest B2B cross-border trade payment platform with over US$60 billion TPV in 2025, according to CIC. Founded in 2017 as one of the first payment platforms worldwide dedicated to B2B cross-border trade, we serve the largest customer base of over 1 million business customers globally.
We connect top-tier financial institutions directly to SMEs, the backbone of global trade, giving businesses of every size access to the same secure, compliant and seamless payment infrastructure once reserved for multinationals. As of March 31, 2026, we provide payment services across more than 200 countries and regions through partnerships with financial institutions, including some of the most established international banks around the world.
XTransfer has obtained required licenses in major hubs, including the Chinese Mainland, Hong Kong SAR, the United Kingdom, the United States, Singapore, the Netherlands, Australia and Canada.
Kerala will approach the Supreme Court to secure implementation of a detailed safety inspection of the Mullaperiyar dam, Water Resources Minister Mons Joseph announced on Monday. Addressing a press conference in Thiruvananthapuram, Joseph said the government would file a special petition before the apex court seeking…
The United Democratic Front government has ordered 16 investigations during its first five-and-a-half months in office, with 12 concerning allegations involving the previous Left Democratic Front administration or the Communist Party of India (Marxist). Chief Minister V D Satheesan’s administration has initiated an un…
By Nantoo Banerjee At a time when most big business families across the world are fighting the ‘third-generation curse’ to stay afloat, a few Indian big business houses have survived past the third generation by relying on specific longevity drivers, including early focus on preparing heirs, formal governance, and regularly sharing the foundational history, struggles, […]
Greenlogue/AP Cleaner air policies could deliver up to $2.4 trillion in economic benefits by 2040, the World Bank estimates, as governments face mounting pressure to reduce pollution-related deaths and economic losses. The projection, contained in the bank’s report Accelerating Access to Clean Air for a Livable Planet, reflects the estimated value of deaths avoided through coordinated action on pollution and climate emissions. The study, published in March […]
Kyrgyzstan and Uzbekistan are among Asia’s fastest-growing economies in 2026, with International Monetary Fund projections placing their expansion well above the regional average despite persistent inflation and mounting external risks. The IMF’s October World Economic Outlook database projects growth of 9.0% for Kyrgyzstan and 7.8% for Uzbekistan this year. The figures are forecasts rather than confirmed annual results, and reflect economic conditions and policy assumptions incorporated into […]
Introduced at Hong Kong FinTech Week, KY-AI™ brings a structured approach to AI oversight, aligned with the accountability, resilience and trust principles of the HKMA’s ART Framework.
HONG KONG SAR – Media OutReach Newswire – 2 November 2026 – iCOMPASS, the developer of ULTRA™, an AI-powered Compliance Operating System, today introduced KY-AI™ (Know Your Artificial Intelligence) to the Hong Kong market at Hong Kong FinTech Week 2026. The announcement follows the Hong Kong Monetary Authority’s (HKMA) introduction of its ART Framework on 15 October, sharpening attention on how banks establish accountability, operational resilience and trust as artificial intelligence becomes more autonomous.
Financial institutions are moving beyond AI experiments towards tools that analyse sensitive data, recommend decisions and increasingly act across connected systems. Yet a basic governance question remains: can an institution identify where AI is operating, what it is permitted to do, who is accountable and whether its behaviour remains acceptable over time?
KY-AI™ turns these questions into a continuous, evidence-based governance process. Built around its Know–Approve–Test–Watch lifecycle, the solution enables financial institutions to identify and understand the AI systems they use, including third-party tools, assess their risks and potential impact, establish clear ownership and accountability, and ensure appropriate approvals and ongoing monitoring are in place.
As AI systems evolve, KY-AI™ enables institutions to track material changes, detect emerging risks and intervene when necessary. This transforms AI oversight from a one-time assessment into a continuous, evidence–based governance process that strengthens accountability and builds lasting trust in AI outcomes.
“The question is no longer simply whether a financial institution uses AI, but whether management truly understands what each AI system does, the risks involved, who is accountable and when intervention is needed,” said Raymond Moh, CEO of iCOMPASS. “With KY-AI™, we are applying the same discipline of knowing your customer to knowing your artificial intelligence. By making AI oversight an ongoing, documented process rather than a one-off exercise, we help financial institutions build greater confidence and trust in how AI is used and the outcomes it delivers.”
The introduction builds on iCOMPASS’ 6-in-1 ULTRA KYC™ solution, which brings onboarding & identity verification, screening, customer due diligence, risk assessment, ongoing monitoring and change management into a connected, evidence-linked AML/KYC workflow. Having focused on making customer-risk decisions traceable, iCOMPASS is extending the same emphasis on clear ownership, documented decisions and lifecycle monitoring to AI governance.
Alongside the KY-AI™ introduction, iCOMPASS is collaborating with Cambridge Advisers Hong Kong under a Memorandum of Understanding to deliver digital compliance training through UltraLearn™. Cambridge Advisers Hong Kong provides regulatory training content while iCOMPASS supplies the learning platform powered by AI, including training records, assessments, reminders and CPT tracking. Courses cover areas including AML, cybersecurity, data protection and professional conduct.
iCOMPASS serves more than 100 financial institutions across the region and holds ISO/IEC 27001:2022 certification and a SOC 2 Type II attestation covering all five Trust Services Criteria.
Meet iCOMPASS at Hong Kong FinTech Week 2026, 2–3 November, Hall 5BC, Hong Kong Convention and Exhibition Centre.
The issuer is solely responsible for the content of this announcement.
About iCOMPASS Limited
iCOMPASS Limited is an award-winning RegTech company transforming how financial institutions manage regulatory compliance through artificial intelligence. With ISO/IEC 27001 certification and SOC 2 Type II attestation, iCOMPASS combines technological innovation with rigorous security standards to deliver intelligent, secure and scalable compliance solutions.
At the heart of its innovation is ULTRA™, an AI-powered Compliance Operating System that brings together regulatory intelligence, policy governance, end-to-end 6-in-1 AML/KYC lifecycle management, compliance training and AI risk management. By connecting traditionally fragmented processes into a unified, intelligent platform, ULTRA™ helps institutions reduce manual work, strengthen accountability and turn regulatory obligations into demonstrable compliance outcomes.
A subscription-based Android malware operation is targeting bank customers across India, allowing criminals to create fraudulent applications that intercept security codes, steal financial credentials and divert verification calls. Cybersecurity company CloudSEK identified the operation, named MR ROBOT, in an investigation published on 28 October. Its findings show that one affiliate controlled 153 compromised devices and intercepted 5,407 text messages, offering a documented glimpse of how the criminal […]
Visa and Senegal’s Ministry of Telecommunications and Digital Affairs have signed a two-year cooperation agreement aimed at developing digital payments, improving public services and strengthening financial inclusion across the West African country. The memorandum of understanding, announced on Friday, establishes a framework for collaboration covering financial innovation, cybersecurity and regulatory issues. Both sides will examine potential payment applications linking government agencies and citizens, although no specific platform, […]
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