State-backed hacking groups are increasingly borrowing ransomware tactics to conceal cyber-espionage campaigns, with Iran-linked MuddyWater emerging as a prominent example of a wider shift blurring the boundary between criminal extortion and intelligence operations. NCC Group has warned that threat actors tied to governments are using ransomware branding, extortion notes, victim leak sites and negotiation channels not only to increase pressure on targets but also to complicate attribution. […]
ByteDance is exploring a $20 billion offshore loan as the TikTok owner seeks fresh financial firepower for artificial intelligence infrastructure, in what would be the company’s largest global borrowing if completed. The Beijing-based technology group has opened preliminary discussions with banks on a facility that could run for three years, with an option to extend the maturity to as long as five years. The size, pricing and […]
Electronic Arts is pushing artificial intelligence deeper into its game development pipeline as senior executive Laura Miele said the technology is already helping its studios move faster and sharpen creative decisions by taking repetitive work out of production. Miele, president of EA Entertainment, Technology and Central Development, said AI tools had contributed to “a real rise of creativity” across the company’s teams by removing some of the […]
OpenAI has expanded its Daybreak cybersecurity programme with Patch the Planet, a new initiative aimed at helping open-source maintainers find, validate and fix software flaws before attackers can exploit them. The project, built with security research firm Trail of Bits and supported by HackerOne, Calif, researchers and maintainers, shifts the focus from simply discovering vulnerabilities to landing tested patches in widely used software. It comes as artificial […]
Electric Way has broken ground on a 125,000 sq ft expansion of its distribution centre at National Industries Park in Dubai, a move aimed at more than doubling its operating capacity as demand rises from construction, utilities, manufacturing and data centre projects across the region. The extension is designed to strengthen the company’s bulk order fulfilment, warehousing, kitting and supply chain operations for electrical products including cables, […]
Alibaba Group Holding has asked a US federal court to remove it from a Pentagon blacklist that identifies the e-commerce and cloud computing group as a company supporting China’s military, escalating a legal fight over Washington’s widening use of national security powers against large Chinese technology businesses. The case, filed in San Jose, California, challenges the Department of Defense’s decision to place Alibaba on its Section 1260H […]
Dubai WoodShow 2026 opened with deals worth more than AED150 million, strengthening the exhibition’s role as a regional marketplace for timber, woodworking machinery, furniture inputs and advanced manufacturing technology. The three-day trade event, running from 22 to 24 June at Dubai World Trade Centre, has drawn more than 400 exhibitors from over 45 countries, with more than 600 international brands and five country pavilions. The opening-day transactions […]
Upscale AI has secured $190 million in fresh financing, lifting its valuation to $2 billion as investors intensify their hunt for companies solving the networking bottlenecks inside artificial intelligence data centres. The Santa Clara, California-based company said the Series A-1 extension brings its total funding to $500 million, less than a year after it emerged with a seed round of more than $100 million. The latest round […]
Standard Chartered is exploring the sale of its wealth and retail banking business in Bahrain, extending a wider reshaping of its consumer operations as the London-headquartered lender concentrates capital on larger cross-border and affluent-client franchises. The review applies only to the bank’s wealth and retail banking operations in the kingdom. Its corporate and investment banking business in Bahrain will continue unchanged, preserving the group’s institutional presence in […]
SpaceX’s market value has fallen by more than $600 billion in three trading sessions, a reversal that has tested investor confidence in one of the year’s biggest public listings and drawn a sharp contrast with bitcoin’s steadier performance under the same market pressure. Shares of the Elon Musk-led space and technology group extended their decline after the company moved into the bond market for the first time […]
Singapore-based used-car marketplace Carro is considering a confidential filing for an initial public offering in the United States as early as this month, signalling renewed confidence among Southeast Asian technology companies seeking access to deeper global capital markets.
The SoftBank-backed company has been evaluating a US listing that could raise as much as $500 million and value the business at more than $3 billion, though the size, timing and venue of the offering remain subject to market conditions. A confidential filing would allow Carro to begin regulatory engagement without immediately disclosing detailed financial information to the public.
The move would test investor appetite for a profitable, asset-heavy digital commerce platform at a time when equity markets have become more selective about technology listings. Carro’s case is likely to be watched closely because it combines online vehicle transactions, financing, insurance, after-sales services and data-driven pricing across multiple Asia-Pacific markets.
Founded in 2015 by Aaron Tan, Aditya Lesmana and Kelvin Chng, Carro has grown from an online used-car platform into a broader automotive ecosystem. Its operations cover Singapore, Malaysia, Indonesia, Thailand, Japan, Taiwan and Hong Kong, with Australia also identified as an expansion market. The company uses artificial intelligence and proprietary data tools to inspect, price, finance and sell vehicles, a model designed to reduce friction in a fragmented second-hand car market.
Carro’s financial profile has strengthened ahead of the possible listing. The company posted FY2025 revenue of S$1.2 billion, gross profit of S$149 million and EBITDA of S$43 million, while total assets stood at S$1.3 billion. The results marked its fifth consecutive year of positive EBITDA, offering a contrast with earlier generations of venture-backed marketplaces that pursued scale while absorbing heavy operating losses.
The prospective IPO would come after a series of private funding rounds that brought in heavyweight investors. SoftBank Vision Fund 2 led a US$360 million Series C round in 2021, helping Carro reach unicorn status. Other backers include Temasek, GIC, EDBI, B Capital, Woori Venture Partners and Cool Japan Fund, which led a US$60 million strategic investment last year to support demand for Japanese vehicles across Asia-Pacific.
Carro’s listing plans also reflect a changing market for used cars in Southeast Asia. Rising new-vehicle prices, tighter household budgets, longer replacement cycles and growing acceptance of online purchases have supported demand for certified pre-owned vehicles. Digital platforms are trying to capture this shift by offering inspection guarantees, financing, insurance and warranty products that traditional dealers often provide unevenly.
The company’s expansion into financing is a central part of its investment story. Its fintech arm, Genie Financial Services, has built a loan book while keeping non-performing loans below 0.5 per cent in previously disclosed figures. That lending capability gives Carro an additional revenue stream, but it also exposes the company to credit risk, interest-rate movements and regulatory oversight across several markets.
A US IPO would place Carro in front of investors familiar with listed online auto retailers such as Carvana, whose turnaround has helped restore interest in the sector. Stronger US used-car platform earnings have improved sentiment, but investors remain cautious about businesses that carry inventory, require working capital and depend on financing conditions. Carro would need to show that its marketplace margins, ancillary services and regional scale can offset those pressures.
The offering would also be significant for Southeast Asia’s start-up ecosystem. A successful listing could become one of the largest US debuts by a company from the region since Sea’s 2017 flotation and may encourage other late-stage technology firms to revisit overseas listing plans. Traveloka, Carsome and Xendit have all been viewed as potential public-market candidates, though each faces different timing, valuation and profitability considerations.
For SoftBank, Carro’s progress would add to efforts to demonstrate exits from its later-stage technology portfolio after several years of volatile valuations. Public-market investors have become more disciplined in assessing growth companies, favouring businesses that can show durable margins, strong cash generation and clearer paths to profitability.
Carro’s final decision is not guaranteed. Market volatility, valuation expectations, disclosure requirements and investor demand could alter the timetable or push the company towards another private financing round before any listing. A confidential filing would mark an important step, but the formal IPO process would still depend on roadshow feedback, regulatory review and broader equity-market conditions.
Arabian Post Staff -Dubai Abu Dhabi-listed Burjeel Holdings has launched a $1.5 billion senior unsecured sukuk programme on the London Stock Exchange’s International Securities Market, giving the healthcare group a new funding platform as it pushes into specialised care, research, digital transformation and AI-enabled medical services. The programme, established through Burjeel Sukuk Limited, marks one of the group’s most significant capital-market steps since its Abu Dhabi Securities […]
SHANGHAI, CHINA – Media OutReach Newswire – 22 June 2026 – The 2026 China International Financial Exhibition opened in Shanghai on June 16-18. UnionPay, together with 15 global ecosystem partners, showcased its latest achievements in global network development, core technological capabilities, open AI ecosystem, consumption growth solutions, and ecosystem collaboration.
Building a Global Payment Network
Amid a diverse and competitive global payments landscape, UnionPay continues to strengthen its global payment network by advancing three strategic pillars: merchant acceptance, local card issuance, and cross-border QR interoperability.
UnionPay’s acceptance network now spans 183 countries and regions, covering over 100 million merchants outside China’s mainland. UnionPay mobile payment services are available in more than 100 markets, while cards have been rolled out across 84 countries and regions outside the Chinese mainland. As of May 2026, transaction volumes generated by international cards and wallets in China rose by 54% and 62% respectively year-on-year. A real-time transaction dashboard at the exhibition area continuously updated cumulative transaction volumes, highlighting the sustained growth of UnionPay’s global business.
Cross-border QR payment interoperability is a centerpiece of UnionPay’s international section. The company has accelerated partnerships with local payment networks across Southeast Asia, the Middle East, Central Asia, Latin America, and Africa to enable QR payment connectivity. On June 11, 2026, the China-Indonesia cross-border QR linkage officially went live, witnessed by central bank governors of both countries. The milestone increased the total number of overseas merchants accepting UnionPay QR codes to more than 46 million.
To showcase services catered to inbound visitors, UnionPay has set up a dedicated booth for Nihao China, demonstrating the one-stop service app jointly developed with China’s Ministry of Culture and Tourism. With over 200,000 registered users, the Nihao China app integrates a wide range of travel-related services, including QR payment, public transit, voice translation, and tax refunds. The user interface has been fully localized to suit international users.
UnionPay has been working with global partners to build a cross-border payment ecosystem featuring unified standards, orderly development, and shared success. Five international partners have joined UnionPay at this year’s exhibition, namely, ASPI from Indonesia, ZeroPay from South Korea, Dialog Finance from Sri Lanka, Halyk Bank from Kazakhstan, and Banco do Brasil.
Expanding the Ecosystem and Advancing Fintech Innovation
As digital transformation accelerates, UnionPay remains committed to strengthening independent and secure fintech capabilities. The company has been investing in computing infrastructure, artificial intelligence, privacy protection, and smart payments. By fostering collaborative innovation among members, universities, technology companies, and government agencies, UnionPay expands the ecosystem and supports the development of new productive forces in the financial industry.
The AI exhibition area highlights the progress of UnionPay’s National AI Application Pilot Base in the financial sector, the only one of its kind in China. UnionPay has established a “1+1+N” large language model architecture consisting of an L0 foundation model, an L1 financial payments model, and multiple L2 models specific to different use cases. The architecture is supported by a computing resource pool with over 1,000 GPUs and a high-quality 2TB open financial dataset. Leveraging a comprehensive payment data infrastructure covering merchants, industry stakeholders, users, and use cases, UnionPay delivers robust data support for model training, consumer insights, and intelligent decision-making. More than 120 AI applications have been deployed across four key verticals: inclusive finance, consumption growth, risk management and compliance, and operational efficiency. To address critical data security challenges in the financial sector, UnionPay has pioneered privacy protection technologies for large language model and introduced an innovative edge-cloud synergy approach, enabling secure AI services without exposing sensitive data. The innovation facilitates broader AI adoption while safeguarding partner data.
UnionPay’s open AI platform brings together the innovative capabilities of ecosystem partners, including banks, payment institutions and technology companies. By providing payment, data, and AI-powered services, the platform empowers industry participants and fosters collaborative innovation. The exhibition area for smart payments features UnionPay’s APOP (Agentic Payment Open Protocol), an open framework for agent-based payments. Built on user consent and robust risk controls, APOP explores new models for intelligent agents to access payment capabilities. To date, UnionPay has partnered with 19 industry players to deploy applications including travel assistants, overseas hotel reservations, in-vehicle payments, and utility payments.
Fudan University, Huawei, Baidu AI Cloud, HYGON, and KUPAS.AI have joined UnionPay as technology partners at the exhibition, demonstrating collaborative achievements in computing power, large language models, and cybersecurity. Together, they have showcased UnionPay’s open innovation ecosystem and its commitment to driving the evolution of the payments industry through technological progress.
Delivering Payment Services that Better Serve Consumers, Businesses, and the Real Economy
Using Shanghai as a case study, live dashboards at the booth present data insights, including foot traffic heat maps of key commercial districts and consumer profiles of domestic and international visitors. Data showed that tourists from outside Shanghai account for 55% of total spending in the Nanjing East Road commercial area, making them a key driver of consumption. Distinct spending patterns were also observed among inbound travelers: visitors from the US favor local street food, South Korean tourists prefer popular lifestyle destinations, and Thai travelers show strong interest in shopping. These insights provide valuable support for commercial district operations and cultural tourism promotion.
At this year’s China International Financial Exhibition, UnionPay showcases its extensive global network, solid business foundation, and leading technological capabilities through a wide array of immersive exhibits. Moving forward, UnionPay will continue to grow its global payment network, develop self-reliant digital and intelligent infrastructure, and deliver value to consumers.Hashtag: #UnionPay
The issuer is solely responsible for the content of this announcement.
Platform delivers “Agentic Risk Intelligence Under Your Team’s Command” – transforming fraud, AML, KYC, and dispute operations for financial institutions
MUMBAI, INDIA – NewsVoir – 22 June 2026 – Wibmo, a PayU company and leading provider of payment security solutions, unveiled Wibmo Agentic Risk Intelligence Assistant (ARIA), an AI-powered platform designed to transform financial crime operations, at its flagship industry event ‘Securing Digital Payments: Innovation, Intelligence & Trust’ held at Jio World Convention Centre, Mumbai.
Unveiling ARIA in Mumbai: Wibmo’s Agentic Risk Intelligence Assistant brings the power of AI to fraud, AML, KYC, and dispute operations.
ARIA is designed to support risk teams at banks and PSPs, combining AI-driven analysis with human decision-making and accountability. This is highly relevant now, as digital payment fraud challenges becoming increasingly complex. With the sustained growth in the payments ecosystem, financial institutions are focused on improving operational risk efficiency while maintaining strong governance and oversight.
Early modelling shows ARIA achieving over 70% reduction in investigation time through agents acting in real-time, enabling teams to process significantly more cases per FTE per day. ARIA targets delivering recommendation accuracy close to 90%, designed to improve quality metrics across risk operations teams.
ARIA represents a fundamental shift in how financial institutions approach risk operations by introducing specialized AI agents that support data aggregation, analysis, and draft recommendations, while preserving human decision-making authority and governance controls at every critical juncture.
ARIA combines capabilities across investigation, decision support, and operational actioning. The platform gathers signals from transactions, risk models, customer and merchant history, linked transactions, and historical fraud patterns to automate data aggregation that typically consumes significant analyst bandwidth. Using frontier AI models, ARIA generates evidence-referenced verdicts, identifies emerging patterns through multi-signal reasoning, and provides transparent, auditable recommendations. The platform also enables SOP-driven resolutions, customer and merchant communications, reduction of false alerts, and proactive defence mechanisms against emerging anomalies.
Shailesh Paul, CEO, Wibmo, said,“As fraud becomes more sophisticated and regulatory expectations continue to evolve, risk operations teams must manage growing complexity with limited resources. ARIA is designed to help institutions scale intelligently by combining the speed and analytical capabilities of AI with the judgment, oversight, and accountability of human expertise. While AI agents assist with data analysis and recommendations, every critical decision continues to remain firmly under human control.”
Unlike fully autonomous AI systems, Wibmo’s Agentic Risk Intelligence Assistant is built with a governance-first architecture designed for enterprise financial institutions. Every recommendation continues to flow through existing approval mechanisms without autonomous production actions, while all analyses are supported by transparent reasoning chains and comprehensive audit trails. The platform brings together specialized agents across fraud, AML, KYC, and disputes within a unified framework, alongside replayable audits and complete operational provenance for every agent action.
The launch event brought together more than 50 senior leaders from banks, fintechs, payment networks, and technology organizations to discuss evolving challenges in digital payment security and the future of AI-led fraud prevention. Speakers from PayU, NPCI Bharat Billpay, Visa, Mastercard, Flipkart, CSB Bank, Jio Payment Solutions, and Network International participated in discussions around acquiring fraud risk management, authentication technologies, and risk-based decisioning.
Hashtag: #Wibmo
The issuer is solely responsible for the content of this announcement.
About Wibmo
Wibmo, a PayU company, operates across entities in India, the US, and Indonesia. As a global full-stack PayTech company and an industry leader in payment security and digital payments in emerging markets, Wibmo stands out for its innovation and impact.
In addition to being India’s largest authentication service provider in one of the leading digital payment markets globally, Wibmo offers comprehensive fraud and risk management solutions, digital financial services, prepaid solutions, and a broad range of merchant-acquiring services. Learn more at: https://wibmo.com/
Arabian Post Staff -Dubai Abu Dhabi-backed artificial intelligence investor MGX has explored a potential acquisition of Singapore-based data centre operator DayOne, a move that would deepen the emirate’s push into global digital infrastructure as demand for computing capacity accelerates across Asia, Europe and the United States. The discussions remain preliminary and may not lead to a transaction. DayOne has also been preparing for a possible public listing […]
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Apple is set to work with Intel on designing and manufacturing chips in the United States, President Donald Trump said, signalling a potential breakthrough for Intel’s foundry ambitions and a fresh shift in Washington’s effort to bring advanced semiconductor production closer to home. The announcement, made through Trump’s social media account, has not yet been publicly confirmed by either Apple or Intel. Both companies have declined to […]
Brussels has narrowed its artificial intelligence infrastructure plan by opening the way for smaller and phased data centre projects, signalling a more cautious approach to Europe’s bid to compete with the United States and China in advanced computing. The European Union’s tender framework for AI gigafactories now allows bidders to propose facilities that can grow in stages rather than committing immediately to the largest scale originally envisaged. […]
HONG KONG SAR – Media OutReach Newswire – 19 June 2026 – The 2026 International Automotive and Supply Chain Expo (Hong Kong) officially opened today. Under the theme “Luxury, Elevated to a New Realm”, ZEEKR unveiled the global expansion strategy for its dual flagship 9-Series models — the ZEEKR 9X and ZEEKR 009 Grand.
As a key gateway connecting China with global markets, Hong Kong serves as an important benchmark for the premium automotive industry and a strategic platform for luxury brands expanding internationally. Launching the global strategy for the 9-Series in Hong Kong marks a significant new chapter in ZEEKR’s growth across the global premium new energy vehicle market.
800,000 Deliveries Milestone Underscores ZEEKR’s Global Growth Momentum
Strong market performance continues to support ZEEKR’s expansion in the global premium new energy vehicle segment. As of June 16, 2026, ZEEKR’s cumulative global deliveries officially exceeded 800,000 vehicles, marking a major milestone for the brand.
In Hong Kong, ZEEKR has maintained strong momentum. From January to May 2026, ZEEKR captured a 40.7% market share of Hong Kong’s luxury vehicle segment, ranking first among all luxury automotive brands. The ZEEKR 009 ranked as Hong Kong’s best-selling luxury MPV, while the ZEEKR 7X became the city’s best-selling luxury SUV.
Across key international markets, ZEEKR continues to achieve strong results. In Thailand, the brand was the best-selling luxury pure-electric MPV brand in 2025 and retained its leadership position from January to May 2026. In Malaysia, ZEEKR ranked No.1 among luxury pure-electric brands during the same period, with the ZEEKR 7X leading the luxury electric SUV category and the ZEEKR 009 remaining the top-selling luxury electric MPV. In Australia, ZEEKR continued to lead the luxury SUV segment priced above AUD 65,000 from January to May. In Mexico, the ZEEKR 7X secured the monthly luxury EV sales title in both April and May.
At this year’s expo, ZEEKR is showcasing five models spanning family mobility, executive transportation and flagship luxury, highlighting the breadth of its premium product portfolio.
The ZEEKR 9X, ZEEKR’s new global flagship of ultra-luxury SUV, is built on the SEA-S architecture and features a 900V high-performance silicon carbide electric drive system delivering more than 1,030 kW of maximum power. Four integrated safety structures combined with extensive use of 2,000 MPa ultra-high-strength steel contribute to a torsional rigidity rating of 41,600 N·m/deg, setting a new benchmark for safety in the hybrid SUV segment. The ZEEKR 9X recently opened pre-sales in the Middle East, where it has received strong market interest. The model is scheduled to expand into key markets across Latin America, Central Asia and Europe.
The ZEEKR 009 Grand, the brand’s global ultra-luxury four-seater flagship MPV, features a 720-degree comprehensive safety architecture and the world’s first integrated die-cast C-ring cabin structure, delivering segment-leading rear-seat protection. The second row is equipped with two ultra-soft aniline leather executive seats featuring 20 massage points and an industry-leading seven-zone graphene heating system, creating an exceptional luxury experience for rear passengers. The right-hand-drive version of the ZEEKR 009 Grand is scheduled to launch in Hong Kong in the fourth quarter of 2026.
The ZEEKR 8X, a super hybrid high-performance flagship SUV, also makes its Hong Kong debut. Built on the SEA-S Super Hybrid Architecture, the ZEEKR 8X delivers a flagship experience across four key dimensions: performance, intelligence, safety and comfort.
Expanding Global Capabilities and Opening a New Chapter of Technology Luxury
As its product lineup continues to grow and its international footprint expands, ZEEKR is accelerating the development of a comprehensive global operating system spanning R&D, product planning, market operations and customer services. Today, ZEEKR’s overseas business covers more than 60 major cities worldwide with a rapidly growing global user base.
As the global automotive industry accelerates toward electrification and intelligent mobility, the luxury vehicle market is entering a new era in which technological innovation is redefining the premium experience. Leveraging Hong Kong’s position as a globally connected international hub, ZEEKR will continue to deepen its global presence and advance the evolution of luxury through innovation. Through cutting-edge technologies, exceptional products and comprehensive lifecycle services, ZEEKR is committed to delivering a distinctive technology-luxury mobility experience for customers around the world.
Hashtag: #ZEEKR
The issuer is solely responsible for the content of this announcement.
About Zeekr
Zeekr is the global luxury electric vehicle technology brand from Geely Auto Group. Utilizing advanced software-defined architectures and cutting-edge propulsion technologies, Zeekr is dedicated to creating a fully integrated user ecosystem with innovation at its core.
Dubai International Financial Centre has opened a 30-day consultation on proposed amendments to its Data Protection Regulations, setting out tougher governance requirements for artificial intelligence systems that process personal data across the financial centre. The proposals, published under Consultation Paper No. 3 of 2026, are aimed at reinforcing the framework for autonomous and semi-autonomous systems, clarifying certification obligations and defining the responsibilities of Autonomous Systems Officers. Stakeholders […]
Arabian Post Staff -Dubai MENA mergers and acquisitions are expected to recover only gradually after war-driven volatility hit confidence, even as bankers say the region’s strategic deal pipeline remains alive. Bank of America expects activity lost during the first half of the year to take months, rather than days or weeks, to return, with transactions delayed by the conflict involving Iran, the US and Israel. The bank’s […]
Hero performs full end-to-end report development, Application configuration, and token management, closing tickets at no marginal cost on top of the platform fee while customers keep their existing systems, controls, and access model.
SINGAPORE – Media OutReach Newswire – 18 June 2026 – Dayos Pte. Ltd., the Singapore-based AI company, today announced the general availability of Athena, the latest release of Hero, its agentic platform for Oracle and Workday support. Hero is a direct replacement for traditional Application Managed Services (AMS) contracts – not a tool layered on top – and is available to enterprise customers immediately via Dayos’ Starter and Pro plans.
The release addresses four structural problems with the AMS model that enterprises running Oracle and Workday have lived with for two decades.
Time to deploy. Traditional AMS engagements take months to scope, onboard, and ramp to full coverage. Athena Starter deploys in two weeks – from contract execution to production agents running inside the customer’s Oracle or Workday tenant.
Quality of work. Hero’s agents reason through tickets in the customer’s actual tenant – exploring, planning, and validating before posting. Report development tickets, historically the worst offenders on enterprise SLA reports, complete 70% faster on Hero. Plain English in, validated SQL out, executed inside the tenant.
Long-term support drag. Hero reduces Oracle ticket backlogs by 50% in the first 30 days for Starter customers, with a sustained 60% reduction in the active ticket queue by the end of year one for Pro customers. SLAs across customer engagements run 50% faster. Every ticket Hero closes is a ticket the customer’s AMS provider does not bill for.
Proof. Dayos used Hero internally to retire its own ServiceNow ITSM environment in 45 days, with 60% of Tier 1 tickets now resolved autonomously. The deployment is documented as a reference case in Section 2.1 of the IMDA Model AI Governance Framework for Agentic AI, published by Singapore’s Infocomm Media Development Authority at ATxSG in May 2026, alongside case studies from AWS, DBS, Google, Workday, OCBC, Tencent, PwC, and GovTech.
“AMS providers bill per ticket or per hour. Hero closes tickets at no marginal cost on top of the platform fee. Every ticket Hero closes is one your AMS provider doesn’t bill for,” said Brad McElhannon, Founder and CEO of Dayos.
AVAILABLE NOW AND AHEAD
Athena Starter is available at USD 60,000 per year, delivering 50% Oracle ticket backlog reduction in 30 days, 70% faster report development, and 50% faster SLAs. Athena Pro is available at USD 150,000 per year, adding custom agent development and a contractually committed 60% sustained reduction in the active ticket queue by the end of year one. Plan details and outcome breakdowns by tier are at dayos.com/plans (https://www.dayos.com/plans).
The Athena Hero release ships with full support for Oracle and Workday. SAP availability is targeted for January 2027.
Hero is built on Google’s Agent Development Kit (ADK) with Gemini as the lead reasoning model, and operates under ISO 42001-aligned governance with SOC 2 Type II controls. Athena enters general availability, with active enterprise deployments across the Asia-Pacific region.
The issuer is solely responsible for the content of this announcement.
About Dayos
Dayos is an AI-native platform company headquartered in Singapore. Its platform, Hero, automates the Oracle and Workday application-managed services work that enterprises have historically outsourced, including configuration, report development, reconciliations, transaction entry, monitoring, and incident resolution. Rather than replacing a customer’s systems, Hero works inside their existing Oracle and Workday environments and respects their established controls and role-based access model.
Dayos is ISO 42001 and SOC 2 Type 2 certified and was published as a reference deployment in the IMDA Model AI Governance Framework for Agentic AI. The company was founded by Brad McElhannon, who spent more than 20 years in enterprise Oracle implementation across 200+ clients and led Finance Engineering at Robinhood through its IPO. Learn more at www.dayos.com.
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Luvina Software Singapore officially launches as a trusted technology partner for AI-powered transformation and enterprise modernisation across APAC
SINGAPORE – Media OutReach Newswire – 18 June 2026 – After more than two decades of delivering enterprise-grade software engineering and digital transformation solutions to multinational corporations and leading Japanese enterprises, Luvina Software Singapore today officially launches its operations in Singapore, marking a significant milestone in its global growth strategy and reinforcing the Republic’s role as a regional hub for advanced technology, artificial intelligence (AI) and digital innovation.
Management, partners, and guests commemorate the official launch of Luvina Software Singapore. (Front row, second from left: Lynn Le, Director of Luvina Singapore; Ethan Lim, CEO of Luvina Software Singapore; and Le Quang Luong, Co-Founder and CEO of Luvina Software).
Established as a strategic joint venture between Luvina Software Vietnam and Singapore-based consulting firm GleamCore, Luvina Software Singapore aims to serve as a trusted gateway for organisations seeking high-quality, scalable and cost-efficient digital transformation solutions across the Asia Pacific region and beyond. The official inauguration was commemorated in the presence of Mr Cao Xuan Thang, Commercial Counsellor and Head of the Vietnam Trade Office in Singapore, alongside other senior representatives from the Embassy of Vietnam in Singapore, including senior diplomatic and trade officials, as well as strategic partners, enterprise leaders and key stakeholders from Singapore’s technology ecosystem.
The Singapore office represents a strategic move to bridge a growing gap in the digital economy, where organisations are under mounting pressure to modernise legacy systems, adopt AI and scale technological capabilities amid rising costs and talent shortages.
As businesses worldwide accelerate digitalisation, Singapore has emerged as one of the world’s most trusted technology ecosystems and a strategic gateway between East and West, with strong global connectivity, a highly developed regulatory environment and growing leadership in AI and Smart Nation initiatives.
Luvina Software’s decision to establish a presence in Singapore comes amid growing demand for trusted technology partners capable of delivering measurable outcomes. While many businesses prioritise digital transformation, organisations continue to face barriers including high implementation costs, delivery quality consistency, fragmented technology ecosystems and shortages in specialised engineering talent.
Singapore’s investments into frontier technologies, including more than S$1 billion committed towards National AI Research & Development between 2025 and 2030, further reinforce the nation’s position as a trusted global AI hub and a launchpad for regional and international expansion.
Founded in 2004 in Hanoi, Vietnam, Luvina Software has grown into a globally trusted software engineering company with over 750 employees, 1,000+ projects delivered, and more than 110 enterprise clients worldwide across sectors including insurance, banking, healthcare, manufacturing and retail. Impressively, 95% of its clients have remained with the company for at least a decade, underscoring its longstanding reputation for consistency, quality and reliability.
Luvina Software also operates delivery centres in Hanoi, Da Nang and Ho Chi Minh City, alongside international footprints in Japan, the United States and now Singapore, enabling seamless hybrid and offshore delivery models for clients across global markets.
Its long-standing experience serving discerning Japanese corporations has shaped a delivery philosophy rooted in precision, accountability and rigorous governance, supported by globally recognised certifications including ISO 27001 and CMMI Level 3 for both Services and Development.
At the heart of Luvina Software Singapore’s proposition is a unique operating model that combines Singapore-based strategic advisory and governance with Vietnam’s large-scale engineering capability, allowing enterprises to modernise systems and accelerate innovation without compromising quality or control.
Enterprise Systems Modernisation & Managed Business Platforms
High-Performance Engineering Capacity Enablement
Through its AI-enabled Offshore Development Centre (ODC) model, Luvina integrates AI-assisted software engineering into software planning, coding, testing and deployment, helping organisations accelerate delivery timelines, reduce inefficiencies and improve operational scalability while maintaining strict governance and quality assurance.
Rather than merely acting as a software vendor, Luvina positions itself as a long-term transformation partner, offering end-to-end accountability from technology strategy and implementation to long-term support and optimisation.
As part of its Singapore growth strategy, Luvina Software Singapore intends to work closely with solution providers, system integrators, professional service firms, venture capital and private equity firms, as well as enterprises seeking to co-develop scalable digital products for regional and international markets.
The company has already secured momentum in the Singapore market, having acquired more than a dozen local projects, with plans to further expand its presence across Southeast Asia, Australia and Europe in subsequent phases of growth.
Among its growing portfolio of clients are Nomura Research Institute Ltd., Japan’s largest economic research, management consulting and IT systems integration firm; CRESCO Ltd., a prominent Japanese IT systems integrator and software development company; and CRESCO Vietnam Co. Ltd., the Vietnam subsidiary of the CRESCO Group providing offshore development and IT solutions for Japanese enterprises. The portfolio also included Soliton Systems K.K., a specialist in cybersecurity, identity management, and secure access technologies, reinforcing Luvina Software Singapore’s reputation as a trusted technology partner for enterprise transformation and high-performance software delivery.
Mr Le Quang Luong, Co-Founder and CEO of Luvina Software, said, “Singapore represents not only a new market for us but it’s also a strategic gateway for how we intend to co-create the future of enterprise technology across the region. As organisations face mounting pressure to modernise, adopt AI and scale with confidence, businesses do not simply need more technology vendors; they need trusted partners who can bridge strategy, execution and measurable outcomes.”
“Through Luvina Software Singapore, we bring together Singapore’s global connectivity and governance strengths, Vietnam’s engineering excellence, and Japan’s deeply rooted standards of quality and reliability to help organisations transform with greater speed, confidence and accountability. Ultimately, we are here to turn complex work into outcomes businesses can count on,” added Mr Ethan Lim, CEO of Luvina Software Singapore.
Looking ahead, Luvina Software Singapore intends to deepen its role in helping enterprises modernise legacy systems, accelerate AI adoption and co-develop scalable digital solutions that can be commercialised globally, reinforcing Singapore’s role as a strategic innovation hub for the region.
The issuer is solely responsible for the content of this announcement.
Luvina Software Singapore
Luvina Software Singapore is the Singapore arm of Luvina Software, a Vietnam-founded enterprise software engineering and digital transformation company with more than 20 years of experience serving multinational corporations and leading Japanese enterprises. Established as a strategic gateway to the Asia Pacific market, Luvina Software Singapore provides AI-powered digital transformation, enterprise systems modernisation, cloud engineering, managed services and high-performance engineering capacity enablement.
Combining Singapore-based strategic advisory and governance with Vietnam’s engineering excellence, Luvina Software Singapore helps businesses accelerate innovation, modernise systems and scale with confidence.
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