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By Dr. Nilanjan Banik The Union Cabinet’s approval, on 14 October 2026, to sell the government’s and LIC’s combined 60.72% stake in IDBI Bank to a Fairfax Financial Holdings subsidiary for about ₹52,878 crore is more than another entry in India’s disinvestment ledger. At roughly $5.6 billion, it is the largest foreign investment yet in […]
Google has warned that a suspected China-linked espionage group exploited a critical vulnerability in BeyondTrust remote support systems, gaining privileged access and establishing mechanisms to remain inside compromised networks. The vulnerability, designated CVE-2026-102764, was disclosed on 15 October after investigators identified attacks dating to 29 August. Google’s Threat Intelligence Group and its Mandiant division attributed the activity to Armory Castle, previously tracked as UNC5221, and warned that […]
Arabian Post Staff -Dubai Dubai Municipality has introduced comprehensive advertising content guidelines aimed at improving the quality of outdoor advertisements, protecting the emirate’s visual identity and ensuring promotional displays complement its evolving urban landscape. The Advertising Content Regulation Guidelines for the Emirate of Dubai establish unified standards governing advertising messages, creative designs and visual presentation. The framework seeks to bring greater consistency to outdoor advertising while allowing […]
Arabian Post Staff -Dubai EFG Hermes UAE has launched market-making and liquidity provision services on the Abu Dhabi Securities Exchange (ADX), extending its brokerage operations to support trading activity and improve liquidity in selected listed securities. The company, regulated by the UAE’s Capital Market Authority, announced the expansion on Friday, saying it would place buying and selling orders under exchange rules and regulatory requirements. The initiative is […]
Meta has released Muse Spark Open, an artificial intelligence model designed to operate on Apple’s Mac Studio computers following a collaboration between the two technology companies. The open-weight system, unveiled on Thursday, contains 816 billion parameters and can run locally across two Mac Studios equipped with Apple’s M5 Ultra processors. Its release allows developers to download the model’s underlying weights rather than depend exclusively on remotely hosted […]
Recognition highlights SPEED’s commitment to advancing digital procurement through innovation, stronger governance and technology-driven solutions.
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 17 October 2026 – SPEED (Sistem Perolehan Elektronik Dinamik), operated by CDC International Sdn Bhd (CDCi), has been recognised in the Innovative Tech Companies of the Year category at the Asia Corporate Excellence & Sustainability (ACES) Awards 2026, marking another milestone in the company’s efforts to advance digital procurement through technology-driven solutions.
The recognition reflects SPEED’s continued development as an integrated digital procurement ecosystem designed to help organisations modernise procurement processes, strengthen governance and improve operational efficiency.
At the centre of this achievement is SPEED, a digital procurement solution designed to modernise procurement practices by integrating advanced technology, streamlined workflows and data-driven capabilities to enhance efficiency, transparency and accountability.
Beyond process automation, SPEED incorporates capabilities such as real-time analytics, electronic bidding and intelligent procurement tools to support informed decision-making, strengthen procurement oversight and improve supplier engagement. Through its centralised platform, SPEED integrates supplier management, sourcing, procurement administration and reporting, enabling organisations to streamline end-to-end procurement activities while enhancing visibility, compliance and governance.
Chief Executive Officer of CDC International (CDCi), Putri Nurul Ida Yahya, said the recognition reflects the company’s continued focus on developing practical technology solutions that address organisational needs.
“Technology innovation must deliver meaningful value beyond system capabilities. Through SPEED, our focus is on helping organisations establish more structured, efficient and accountable procurement practices while ensuring that technology continues to evolve alongside their operational needs,” she said.
She added that the award provides further encouragement for CDCi to continue strengthening SPEED’s capabilities, particularly in intelligent procurement, system integration and data-driven solutions. Beyond technological advancements, SPEED also supports wider supplier participation through structured onboarding and management processes, enabling businesses of different sizes to access procurement opportunities within a more transparent and inclusive environment.
Moving forward, CDCi remains committed to enhancing its solutions to support organisations in adopting more adaptive, accountable and technology-enabled procurement practices.
The issuer is solely responsible for the content of this announcement.
CDC International Sdn Bhd
SPEED (Sistem Perolehan Elektronik Dinamik) is a governance-driven digital procurement platform designed to support the full procurement lifecycle within a secure and scalable environment. Deployed across statutory bodies and institutional organisations in Malaysia, it enables structured procurement execution, policy compliance and audit readiness, while connecting procuring entities to a nationwide supplier ecosystem. SPEED is developed, implemented and operated by CDC International Sdn Bhd, a Malaysian enterprise solutions provider specialising in system-led procurement governance.
Adobe is confronting its weakest analyst sentiment on record as Wall Street grows increasingly concerned that artificial intelligence could undermine its established creative software business. A succession of downgrades has pushed the proportion of analysts recommending Adobe shares to buy towards historic lows, reflecting doubts about the company’s ability to sustain growth, protect subscription revenues and defend its position against emerging AI-powered competitors. Only 29% of analysts […]
BMC Helix will bring enterprise technology executives, customers and industry partners together in Dubai on October 22 to examine how artificial intelligence and automation can improve IT operations and service management. The company’s annual roadshow, scheduled at the Museum of the Future, will focus on practical applications of AI-powered ServiceOps, including incident management, workflow automation and the integration of intelligent systems into existing enterprise technology environments. Senior […]
Google has demonstrated a quantum computing technique that reduces errors approximately 40-fold, marking a significant advance towards building powerful, reliable quantum computers capable of performing complex calculations. The breakthrough, announced on Thursday by Google’s Quantum AI research team, involves a technique called magic state cultivation, tested on the company’s Willow quantum processor. Findings published in the scientific journal Science show that the approach achieved 99.99% logical fidelity […]
Google has made its new frontier artificial intelligence model, Gemini 4 Argon, available through Google AI Studio, expanding developers’ access to advanced reasoning, software engineering and autonomous task execution capabilities. The global rollout, announced on October 13, extends access to developers and enterprises through the Gemini API, with the company positioning Argon as its most capable model for complex professional and scientific workloads. Google said the model […]
Bengaluru-based Flying Wedge Defence & Aerospace has unveiled a full-scale static prototype of its FWD Supreme autonomous combat aircraft in New Delhi, while preparing a lighter demonstrator for its maiden flight.
The company presented the programme on Tuesday as a proposed family of artificial intelligence-piloted aircraft intended for surveillance, strike and coordinated combat missions. Its smaller FWD Supreme Lite has completed taxi trials, founder Suhas Tejaskanda said, but no first-flight date has been confirmed.
The unveiling marks a further stage in the company’s effort to move from aircraft designs to flight-tested hardware. A static prototype demonstrates the proposed configuration rather than operational performance, and the aircraft’s advertised speed, range and combat capabilities remain development targets.
Flying Wedge envisages two principal versions. The approximately 250kg Supreme Lite is intended to test autonomous navigation, flight control and cooperation between aircraft. The larger Supreme Heavy is designed for longer-range intelligence, surveillance and reconnaissance operations, precision strikes and missions conducted alongside other aircraft.
Company specifications for the heavier aircraft describe a flying-wing configuration measuring roughly 10 metres across, with an internal weapons bay and a payload of about 350kg. The proposed maximum speed is Mach 0.8 to 0.85, with cruising speeds of 500 to 600 kilometres an hour.
Flying Wedge also projects a range exceeding 1,500km and endurance of more than two hours, supported by satellite communications. Those figures have not been validated through publicly documented flight trials of the Supreme Heavy. Its propulsion and systems integration will be crucial to determining whether the design can meet them.
The company calls its operating concept the Mobbing Doctrine. It envisages groups of autonomous aircraft exchanging information and coordinating decisions during missions, rather than relying exclusively on individual high-value combat platforms. Under the concept, surviving aircraft would continue assigned tasks if others were lost.
Such coordination would require dependable communications, reliable target identification and systems capable of operating when links are disrupted. Flying Wedge says artificial intelligence will support navigation, sensor processing and mission execution, although the extent of human oversight during weapons employment has not been established in publicly available technical documentation.
Tejaskanda has described affordability and operational relevance as central aims of the programme. The company is also seeking foreign participation in an India-led development and manufacturing initiative called Operation Triple Seven. Details of binding investment commitments, production arrangements and customer orders have not been publicly established.
A Anbarasu, director general for acquisition at the Ministry of Defence, linked the initiative to the government’s emphasis on joint operations, domestic manufacturing and innovation. His remarks signalled policy interest in such technologies but did not amount to confirmation of a procurement contract or an operational requirement for the aircraft.
Flying Wedge has outlined plans to increase domestically sourced components and has identified the Defence Research and Development Organisation’s Manik engine as a potential propulsion option. The company has indicated that the proportion of locally sourced content could depend substantially on the engine eventually selected.
Its proposed navigation technologies include visual odometry, which estimates an aircraft’s movement by comparing successive camera images. The approach could supplement conventional satellite navigation where signals are degraded or unavailable, although its effectiveness in military conditions would need to be demonstrated through testing.
The Supreme programme joins international efforts to develop uncrewed aircraft capable of cooperating with piloted fighters or carrying out assigned missions autonomously. Such projects differ widely in maturity, from conceptual designs and ground tests to aircraft already conducting experimental flights. Their development does not establish that fully autonomous combat operations have been approved for routine military use.
Flying Wedge previously released footage of the Supreme Lite technology demonstrator undergoing development and ground preparations. Its earlier target of a first flight during the third quarter of 2026 has passed, making completion of taxi trials the clearest publicly stated milestone ahead of airborne testing.
The company separately develops Kaalbhairav unmanned aircraft and smaller interception and loitering-munition systems. Those products form part of its broader portfolio but should not be confused with the Supreme fighter programme, whose larger aircraft has yet to demonstrate its stated performance in flight.
Flying Wedge operates from Bengaluru’s Electronic City area. Its published product portfolio includes surveillance aircraft, interceptor drones and compact loitering munitions, alongside the proposed Supreme family. The company also lists agricultural unmanned aircraft among its products, reflecting its involvement in civilian applications.
Meta Platforms has launched its Muse Wonder artificial intelligence models, claiming performance comparable with leading systems from OpenAI and Anthropic, marking a significant advance in the company’s efforts to compete at the technological frontier. The company introduced Muse Wonder and Muse Wonder Full on October 12, describing them as its most capable models, designed for complex professional assignments, software development and autonomous digital assistants. Chief executive Mark […]
Hackers are actively exploiting a critical vulnerability in the Bricksforge WordPress plugin that allows outsiders to upload malicious files and execute code on affected websites without signing in, security researchers have warned. The vulnerability, identified as CVE-2026-85097, affects Bricksforge versions up to and including 3.1.8.9. Security firm Patchstack has urged website administrators to install version 3.1.8.10 or later after detecting exploitation attempts beginning on 7 October. Patchstack […]
As sole supplier, KONE provides all 184 units to Huanggang Port, enabling vertical flow design for 300,000 daily passengers
One-year execution under dual Hong Kong-Shenzhen standards delivers fully integrated cross-border project execution
Introduces 24/7 connected services to enable predictive maintenance, leveraging real-time data and AI for seamless, 24-hour port operations
HONG KONG SAR – Media OutReach Newswire – 12 October 2026 – The Huanggang Port—the world’s largest land port and the only 24-hour passenger link between Hong Kong and Shenzhen—is officially opened. Unlike the traditional horizontal border-crossing layouts, the port adopts an innovative vertical passenger flow design fully equipped with all 184 elevators and escalators exclusively provided by Finnish’s KONE. Spanning the 9-story complex, this people flow solution is expected to slash transit times from 30 minutes to just 5 minutes for up to 300,000 daily passengers.
184 elevators and escalators across 9 levels deliver seamless vertical passenger flow Breaking away from traditional clearance layouts, the Huanggang Port utilizes the height of its nine-story complex to create a vertical passenger flow arrangement, with immigration facilities on different levels to free up ground-level space for public transit. To bring this seamless experience to life, KONE supplied all 184 elevators and escalators, including 102 elevators equipped with regenerative drive technology and 82 escalators. Notably, the escalators feature a maximum rise of 19.2 meters, while the elevators can accommodate loads of up to 12 tons. This solution is designed to support the port’s daily capacity of 300,000 passengers, significantly reducing walking distances and waiting times, while relieving traffic congestion especially during peak periods after large-scale events.
Digital predictive maintenance supports 24-Hour operations As the only 24-hour land checkpoint between Hong Kong and Shenzhen, the port demands utmost equipment reliability. KONE 24/7 connected services continuously monitors all units, leveraging real-time data and AI technology to identify potential risks in advance. By shifting from reactive to predictive maintenance, this digital solution enables seamless, round-the-clock operations. During over a hundred pre-opening drills, all KONE equipment successfully passed the 20,000-person Shenzhen-Hong Kong boundary-crossing pressure test. This not only validates its ultimate stability but also underscores our strong capacity to handle massive passenger surges. Looking ahead, KONE aims to integrate elevator and escalator data with building systems to drive passenger flow analysis, operational planning, and resource optimization. Cross-border collaboration elevates service integration across GBA Navigating the different regulations of Hong Kong and Shenzhen within a complex cross-border environment, KONE completed the installation and commissioning of all 184 units in just one year. Reflecting on KONE’s capabilities in cross-border project execution, Mr. Eric Xie, Senior Vice President of KONE Bay Region and Managing Director of KONE Hong Kong, said, “To meet the growing infrastructure demands of the Greater Bay Area, KONE has optimized its strategic setup in the region by closely integrating our Hong Kong and Shenzhen services. This investment not only strengthens our supply chain but also accelerates the delivery speed of elevator and escalator parts. By pairing Hong Kong’s world-class service standards with Shenzhen’s local technical talent and strategic location, we have built a powerful regional support network to fuel the future development of the GBA.”
From Luohu and Liantang to the Huanggang Port, KONE is one of the few companies capable of delivering complex cross-border projects. Driven by our seamless cross-border synergy, KONE remains committed to supporting public infrastructure, commercial developments, and rail transit projects, contributing to the region’s ongoing development.
Hashtag: #KONE
The issuer is solely responsible for the content of this announcement.
About KONE
At KONE, our purpose is to shape the future of cities. As a global leader in the elevator and escalator industry, we move two billion people every day, making their journeys safe, convenient, and reliable with smart and sustainable People Flow®. In 2025, KONE had annual sales of EUR 11.2 billion, and at the end of the year over 60,000 employees in close to 70 countries. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland. www.kone.com
Elon Musk has said Tesla and SpaceX could eventually manufacture semiconductors better than established producers, arguing that their experience designing specialised industrial equipment could give their planned Terafab factory an advantage. Speaking by livestream at Saturday’s X Takeover gathering outside Tesla’s Gigafactory in Austin, Texas, Musk acknowledged that semiconductor production would be exceptionally difficult and offered no timetable for achieving his ambition. “I think it is accurate […]
China’s DEEP Robotics has tested waterproof humanoid robots at busy intersections in Hangzhou, deploying machines to direct traffic, identify road violations and assist tourists during persistent rainfall. The trials, conducted during the National Day holiday in early October, involved several DR02 humanoid robots operating across Xihu District in eastern China’s Zhejiang province. The company said the exercise examined whether autonomous machines could undertake routine roadside duties while […]
Introducing Private Funds, Complementing End-to-End Digital Capabilities with Dedicated Offline Wealth Management Service, Creating a Digital Wealth Management Experience That Balances Flexibility with Professionalism
HONG KONG SAR – Media OutReach Newswire – 9 October 2026 – Ping An Digital Bank (International) Limited (“Ping An Digital Bank” / “PingAnDB”) announces its expansion into high-end wealth management, making it the first digital bank in Hong Kong to enter this sector. By introducing private fund products coupled with seamless end-to-end digital capabilities and dedicated offline services, PingAnDB aims to reshape high-end wealth management customer experience. This enables customers to achieve diversified asset allocation and capture global investment opportunities, while enjoying a digital wealth experience defined by flexibility and professionalism.
According to the Securities and Futures Commission’s Asset and Wealth Management Activities Survey 2025, Hong Kong’s asset and wealth management industry accelerated sharply in 2025 to reach a historic high. Total assets under management (AUM) surged 20% year-on-year to HK$42.2 trillion by the end of the year. Within this, the private banking and private wealth management business demonstrated robust momentum, with AUM reaching nearly HK$12.9 trillion—a record high. This strong trajectory underscores the accelerating demand for wealth management solutions in the region. However, traditional high-end wealth management services typically impose high entry thresholds, which may not fully satisfy the needs of all individuals who possess substantial assets and seek global asset allocation or alternative investment opportunities. Ping An Digital Bank precisely addresses this market gap by launching private fund services, combining its fully digital platform and dedicated offline wealth management services to address customers’ demands for global asset allocation and financial management.
Mr. Ronald Iu, Chief Executive of Ping An Digital Bank, said, “Ping An Digital Bank remains committed to being a user-centric digital bank. Since launching our wealth services in March 2026, we have observed strong demand among customers for diversified asset allocation and flexible wealth management solutions.
Furthermore, a recent report indicates that Hong Kong has overtaken Switzerland as the world’s leading cross-boundary wealth management center, which is another reason to expect increasing capital inflows to the city. Capitalising on this momentum, Ping An Digital Bank is introducing private fund products, marking our debut as the first digital bank to step into the high-end wealth management sector. Leveraging our agile digital platform and dedicated offline wealth management services, we are reinventing the high-end wealth management experience to empower customers in optimising their portfolios and achieving their global asset allocation goals.”
Ping An Digital Bank’s wealth management service is designed around user experience at its core, streamlining processes to make the investor journey simpler and more convenient. The Bank collaborates with leading global fund houses, including J.P. Morgan Asset Management and Aberdeen Investments, to offer semi-liquid fund products to customers. Going a step further, the Bank complements its end-to-end digital capabilities with dedicated offline wealth management services. In addition to offline support, the online platform offers analysis tools and trading experiences comparable to online brokerages, ensuring swift and efficient execution to deliver an all-around wealth management ecosystem.
Looking ahead, Ping An Digital Bank will continue to advance its brand vision, “Always with You, Always Ahead,” harnessing financial technology to expand its footprint in high-end wealth management. By combining personalized offline wealth services with the agility of its digital infrastructure, PingAnDB aims to provide customers with comprehensive, flexible asset management solutions, setting a new benchmark for digital wealth management in Hong Kong.
Important Notes Investment involves risks. Investors should carefully read the offering documents of each product to understand the detailed risk disclosures applicable to the relevant products. The information contained herein is for general reference purposes only and does not constitute, nor should it be regarded as, any investment advice, recommendation, offer, solicitation, inducement, commitment, or guarantee. Private wealth management financial products, including private funds, are not regulated by the Securities and Futures Commission and are offered solely to customers who meet the professional investor requirements under the Securities and Futures (Professional Investor) Rules.
The issuer is solely responsible for the content of this announcement.
Ping An Digital Bank
Ping An Digital Bank (International) Limited (“Ping An Digital Bank,” “PingAnDB”) is a wholly-owned subsidiary of Lufax Holding Ltd (“Lufax”) (SEHK: 6623; NYSE: LU) and a member of Ping An Insurance (Group) Company of China, Ltd. (“Ping An”) (SEHK: 2318; SSE: 601318). Ping An Digital Bank was granted a banking licence by the Hong Kong Monetary Authority in May 2019 to offer retail banking and business banking services. Backed by Ping An’s advanced technology, Ping An Digital Bank is elevating banking experience, serving customers in Hong Kong and the Greater Bay Area, establishing itself as Ping An Group’s integrated financial platform in Hong Kong.
Hackers have compromised hundreds of GitHub repositories by inserting malicious automation workflows designed to steal SSH keys, cloud credentials and access tokens, with security researchers confirming the theft of 26 secrets from 13 repositories. Cybersecurity company GitGuardian identified 772 affected public repositories belonging to 373 users and organisations during an attack campaign spanning August 31 to September 30. The malicious workflows targeted 2,577 secrets, although the overwhelming […]
Microsoft has opened pre-orders for its Surface Laptop Ultra, pricing the Nvidia-powered Windows computer from $2,599.99 and positioning it as a premium device capable of running large artificial intelligence models without relying on cloud servers. The company confirmed the pricing and October 16 availability at its October 7 technology event in San Francisco, where Microsoft and Nvidia outlined their partnership to bring advanced AI processing into portable […]
Coinbase has completed the integration of crypto derivatives platform Deribit, creating Coinbase Global Exchange and preparing to introduce options trading, spot margin and unified portfolios over the coming weeks. The company said on Wednesday that Coinbase Financial Markets, its US-regulated futures commission merchant, will soon connect eligible US customers with global crypto derivatives liquidity through regulated infrastructure. The move brings together operations that had been split between […]
HANOI, VIETNAM – Media OutReach Newswire – 6 October 2026 – Vingroup and Alstom, a global leader in rail technology, have signed a rolling stock contract and a Technology License Agreement (TLA). Under the agreement, Alstom will transfer technology for train manufacturing and assembly in Vietnam and supply a total of 200 Metropolis trainsets to accelerate the operation of Hanoi’s urban rail projects.
Ms. Nguyen Thu Hang, CEO of Vinhomes (left), and Mr. Yann Maixandeau, Alstom’s Managing Director for East Asia, sign the contract between the two parties.
Under the contract, all trains designed and manufactured by Alstom for Hanoi’s urban rail lines will be new-generation five-car trains, offering advanced features in design, operational efficiency and safety. The aluminium car body reduces axle load, saving energy and reducing track wear. The wide-body design maximises interior space and increases passenger capacity. The train runs fully automated and driverless, at GoA4, the highest grade of automation. The modern braking system combines regenerative and disc brakes, ensuring safety while recovering energy during braking.
The first 83 trainsets will be designed and manufactured at Alstom’s Valenciennes Petite-Forêt site in France, one of Alstom’s centres of expertise for metros. In addition to supplying the 83 complete trainsets, Alstom will provide technology, engineering expertise, tooling support and key components, enabling Vingroup to develop local capabilities to manufacture and assemble the next 117 trainsets in Vietnam.
The contract between Vingroup and Alstom lays an important foundation for strengthening Vietnam’s self-reliance and modernising its rail industry ecosystem. The partnership also opens opportunities to establish a long-term industrial partnership and progressively expand Vietnam’s participation in the global value chain.
Mr. Martin Sion, Alstom CEO, said:“This agreement is a major milestone for Alstom in one of the fastest-growing mobility markets in the world. By combining Alstom’s global expertise with VINGROUP’s industrial strength and long-term vision, we are creating a unique partnership that supports both the expansion of Hanoi’s metro network and the development of local rail capabilities. This agreement also demonstrates the strength of French rail technology and reinforces Alstom’s position as a trusted partner for major mobility projects across the region.”
Mr. Nguyen Viet Quang, Vice Chairman and CEO of Vingroup, said:“High-speed rail, urban rail, bridges, ports, logistics and other next-generation transport infrastructure are among the key areas under Vingroup’s Infrastructure pillar. Our strategy is to connect world-class international resources, technologies and expertise with the strong execution capabilities of Vingroup’s ecosystem, enabling us to contribute to the development of infrastructure platforms with long-term significance for Hanoi and Vietnam.”
Vingroup is the general contractor for Hanoi’s metro projects through its subsidiary Vinhomes. The partnership with Alstom aims to provide rolling stock for Hanoi’s urban rail projects while progressively developing local capabilities, enabling Vingroup to contribute over the long term to the development of the city’s urban rail network.
Under Hanoi’s Capital Master Plan with a 2045 vision, the city’s urban rail network is planned to reach 979 kilometres, comprising 18 lines and serving as the backbone of the city’s public transport system.
With a total planned length of nearly 1,000 kilometres, the network would also represent one of the largest urban rail development programmes in Southeast Asia, helping reduce traffic congestion, mitigate environmental pollution and improve the quality of life for Hanoi’s residents.
Hashtag: #Vingroup
The issuer is solely responsible for the content of this announcement.
About Vingroup
Established in 1993, VINGROUP is one of the leading diversified private economic groups in the region, operating across six core sectors: Industrials & Technology, Real Estate & Services, Infrastructure, Green Energy, Culture and Social Enterprises.
Vinhomes is Vietnam’s leading real estate brand, pioneering the development of large-scale, high-quality urban communities with professional planning, comprehensive amenities and a modern, green and clean living environment, helping shape new lifestyles for Vietnamese residents.
Alongside 32 urban developments currently in operation across the country, Vinhomes continues to focus on developing new-generation mega and super-scale urban developments of leading regional scale and stature, aspiring to create “some of the world’s most desirable places to live” while contributing significantly to the transformation of Vietnam’s urban landscape.
Alstom is the pure rail leader, committed to making rail the backbone of sustainable transportation. We design and deliver a complete range of future-ready solutions – from high-speed and regional trains to metros, monorails, trams, turnkey systems, end-to-end services, infrastructure, signalling and digital rail solutions. With 87,800 people in 61 countries, Alstom brings together global expertise and multi-local presence to make every journey smarter, cleaner and more enjoyable. Together with our partners and customers, we realise the power of rail. Listed in France, Alstom generated revenues of €19.2 billion for the fiscal year ending 31 March 2026.
Combining real-time AI credit monitoring with Ethereum smart contracts and USDC settlement, Asia’s digital trade finance leader addresses a US$2.5 trillion SME trade financing funding gap opportunity.
HONG KONG SAR – Media OutReach Newswire – 6 October 2026 – Qupital, Asia’s leading AI-driven fintech platform specializing in cross-border e-commerce trade finance, today announced the official launch of the world’s first AI-driven on-chain e-commerce lending protocol. The breakthrough solution shifts day-to-day trade loan operations into an automated, highly transparent framework powered by smart contracts and proprietary AI credit monitoring.
The launch comes directly ahead of Token 2049, as Qupital positions itself at the intersection of Decentralized Finance (DeFi) and Real-World Assets (RWA). By deploying USDC via Ethereum smart contracts, Qupital eliminates legacy banking delays and manual oversight, delivering instant, 24/7 liquidity to high-growth global merchants. The protocol utilizes automated dynamic credit monitoring to continuously adjust credit exposure based on real-time sales-to-loan performance. When store metrics deviate from set parameters, smart contracts automatically invoke payment gateway APIs to intercept platform cashflows, which captures store earnings to satisfy debt obligations and revenue targets.
Key Innovations of the Protocol
Instant, 24/7 Global Liquidity: Complements existing banking channels by deploying USDC directly to e-commerce merchants via smart contracts, enabling real-time capital access synchronized with global e-commerce velocity.
AI-Guarded Risk Control: Integrates Qupital’s proprietary AI engine with automated payment gateway APIs to monitor sales performance and capture settlement cashflows directly, drastically reducing credit risk. Merging AI intelligence with on-chain execution for trade finance. Powering digital trade through automated, smart-contract-driven liquidity vaults unlocks unprecedented operational efficiency and dynamic risk control without human intervention.
Automated Capital Efficiency: Replaces manual back-office drawdown verification and settlement calls with smart contracts, accelerating capital turnover and reducing operational overhead.
Real-Time Proof of Reserves & Auditability: Every active loan is tokenized on-chain to Qupital’s Treasury Vault, providing institutional lenders and partners with 1:1 real-time balance sheet verification.
A Multi-trillion Market opportunity B2B cross-border stablecoin settlements are projected to reach $5 trillion by 2035, with over 54% of cross-border enterprises preparing to adopt stablecoin payment infrastructure. Qupital’s protocol directly addresses this surge in institutional and merchant demand.
“Agentic commerce and instant global settlement require financing infrastructure that operates around the clock. While traditional banking channels remain a core pillar of our trade finance operations, utilizing blockchain rails allows us to streamline distribution and accelerate settlement times. Integrating our proprietary AI risk engine directly into on-chain frameworks eliminates operational friction, minimizes non-performing loans, and expands our global footprint.”
— Winston Wong, Co-Founder & CEO of Qupital
Having processed over US$9.5 billion in cumulative trade financing while maintaining industry-leading credit performance, Qupital’s move on-chain sets a new institutional standard for tokenized trade finance. The company already has an active pipeline of USD 100 million in financing to be fulfilled on-chain.
Building on its recently announced Series C financing, Qupital continues to execute on its long-term growth roadmap. The launch of the protocol further diversifies Qupital’s capital execution options and accelerates its entry into new global markets. By bringing real-world quality trade assets on-chain, Qupital directly addresses the multi-trillion-dollar SME financing gap, delivering accessible, frictionless capital to digital enterprises that are underserved by traditional banks and financial institutions worldwide.
The issuer is solely responsible for the content of this announcement.
About Qupital
Qupital is a Series C stage fintech platform and Asia’s leader in data-driven financing solutions for digital businesses. Headquartered in Hong Kong, Qupital empowers e-commerce businesses trading on global platforms including Amazon, JD.com, Tmall, TikTok Shop, and Pinduoduo. As the first platform in Asia to securitize e-commerce merchant loans, Qupital combines industry-leading credit performance and sustained profitability with backing from global financial institutions including HSBC and MUFG, as well as strategic investors including M Capital, Alibaba, MindWorks Capital, Greater Bay Area Homeland Development Fund, and the Innovation and Technology Ventures Fund of the Hong Kong SAR Government.
Coinbase has expanded Coinbase for Agents to US stocks and exchange-traded funds while activating x402 micropayments, allowing artificial-intelligence agents to trade across more asset classes and buy data or services needed to inform their actions. The September 22 expansion extends a platform launched in June that connected AI agents directly to customers’ Coinbase accounts for trading, payments and automated financial workflows. Coinbase said its Model Context Protocol, […]
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