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LEOTEK at SALC 2025: AI Lighting Platform Reduces Operational and Maintenance Costs by Up to 70% and Advances Intelligent Sustainable Infrastructure

SAN JOSE, Calif., Sept. 24, 2025 /PRNewswire/ — LEOTEK Electronics USA LLC, a Silicon Valley–based leader in intelligent LED roadway and area lighting, is presenting its next-generation solutions at SALC 2025, the premier North American forum for outdoor and public lighting. The event brings together cities, utilities, and industry leaders to shape the future of roadway and area lighting.

LEOTEK at SALC 2025 AI Lighting Platform Reduces Operational and Maintenance Costs by Up to 70% and Advances Intelligent Sustainable Infrastructure
LEOTEK at SALC 2025 AI Lighting Platform Reduces Operational and Maintenance Costs by Up to 70% and Advances Intelligent Sustainable Infrastructure

At this year’s conference, LEOTEK showcases how it integrates AI, ecological optical design, and clean energy solutions to accelerate the transition toward safer and net-zero cities. The focus is on helping cities and utilities reduce operational and maintenance costs by up to 70% in some cases, today’s top driver for controls adoption, while also optimizing energy use for long-term sustainability.

RenAI – An AI-driven roadway lighting management platform that dynamically adjusts light output to help cities achieve 20–30% energy savings, while also supporting smart lighting control, scheduled dimming, fault detection and notification, asset management, and a 24/7 AI assistant (LiSA) for instant support and analytics. These capabilities reduce carbon emissions, lower maintenance costs, and enhance public safety and nighttime visibility.

KarbonCobra™ – A next-generation low-carbon cobra head streetlight, engineered with a lightweight design that reduces installation and maintenance costs. When paired with LEOTEK’s intelligent controller, it delivers an optimized, end-to-end solution for smart city lighting. It features ISO-verified carbon reduction, seven optical distributions with low-glare comfort optics for safer nighttime visibility, and delivers up to 176 lm/W efficacy. With an embedded smart-city connectivity node, IK10 durability, and a 10-year warranty, KarbonCobra™ provides reliable, future-ready performance that supports both Vision Zero and net-zero city goals.

VersaLUX – A highly flexible area lighting system designed for community, park, and mixed-use environments. Its adjustable optical distributions combine aesthetic appeal with functional performance, and it can be integrated with camera modules to enable smart surveillance and enhanced safety monitoring.

PostTop – A sustainable post-top decorative luminaire featuring low-CCT light sources and glare-control optics. Designed in compliance with International Dark-Sky Association (IDA) standards, it protects nighttime ecosystems while enhancing urban ambiance.

EV Charger – LEOTEK’s first step into clean mobility infrastructure. By integrating streetlighting with EV charging stations, it leverages shared power and real-time data to provide cities with a unified “lighting + mobility” solution for the net-zero transition.

In addition to these solutions, LEOTEK is spotlighting its connected lighting capabilities at Booth #613. Through advanced nodes and a powerful management platform, LEOTEK demonstrates how connected solutions can deliver smarter, more efficient control across citywide lighting networks. The showcase also features the industry’s most sustainable cobrahead luminaire, underscoring LEOTEK’s leadership in sustainable roadway design.

“This is not just a showcase, it’s our statement of leadership in Intelligent Sustainable Infrastructure,” said Torrent Chin, President & Chief Sustainability Officer of LEOTEK. “From roadway systems to EV charging, we are proving how lighting innovation makes cities safer and greener.” “In the U.S. market, cities and utilities need safety and cost efficiency,” added Ewing Liu, Chief of Staff and Vice President of Sales. “Our solutions are practical, reliable, and aligned with the shift toward net-zero infrastructure.”

About LEOTEK

LEOTEK operates dual headquarters in Silicon Valley and Taipei and is the largest provider of AI-powered intelligent traffic operation services in the Americas, serving road infrastructure in over 30 countries across America, Europe, the Middle East, and Australia for over 30 years. Committed to AI-driven smart roadway maintenance and IoT predictive maintenance services, LEOTEK focuses on safety, ecology, and low carbon to drive urban transformation towards net zero intelligence. For more information, visit www.leotek.com.

LEOTEK at SALC 2025 AI Lighting Platform Reduces Operational and Maintenance Costs by Up to 70% and Advances Intelligent Sustainable Infrastructure
LEOTEK at SALC 2025 AI Lighting Platform Reduces Operational and Maintenance Costs by Up to 70% and Advances Intelligent Sustainable Infrastructure

Air Premia Signs Landing Gear Exchange Program Agreement with Boeing

  • Expected to minimize operational downtime and improve cost efficiency

SEOUL, South Korea, Sept. 24, 2025 /PRNewswire/ — Air Premia, Korea’s leading hybrid airline, today announced that it has signed an agreement with Boeing for its Landing Gear Exchange program.

Air Premia Signs Landing Gear Exchange Program Agreement with Boeing
Air Premia Signs Landing Gear Exchange Program Agreement with Boeing

Under this agreement, Air Premia will exchange landing gear requiring overhaul with spare landing gear from Boeing’s inventory. By adopting this exchange-based approach, the airline will avoid lengthy maintenance downtime, minimize disruptions to operations, and reduce the need for significant investment in spare assets.

Boeing holds exclusive licensing rights for the 787-9 landing gear and operates a robust supply chain backed by an extensive spare pool. This contract is expected to further strengthen Air Premia’s ability to secure critical parts and maintain on-time operations.

Air Premia currently operates a fleet of eight aircraft, with its first aircraft scheduled to undergo landing gear overhaul at the end of 2027. Through this agreement, the airline will be able to maintain stable operations even as major maintenance cycles begin.

The airline already ensures operational stability through Rolls-Royce’s TotalCare program for its engines, while securing three spare engines independently. Key components are managed under Lufthansa Technik’s component pool program, and Air Premia has also signed an MOU with Korea Aviation Engineering & Maintenance Service (KAEMS) for joint procurement and heavy maintenance outsourcing, further strengthening its domestic maintenance capabilities.

With the addition of Boeing’s Landing Gear Exchange program, Air Premia now has a comprehensive maintenance framework in place across engines, components, and landing gear—covering all critical aircraft systems.

In August, Korea’s Ministry of Land, Infrastructure and Transport (MOLIT) recognized Air Premia’s safety-first management, ranking the airline first in “Safety Investment per 10,000 Flights” in its 2024 Aviation Safety Investment Report.

“This agreement represents a strategic decision to ensure reliable maintenance and operation of landing gear, one of the aircraft’s most critical systems,” said a spokesperson for Air Premia. “Having completed a total maintenance system through global partnerships, we will continue to prioritize safety and efficiency in all our operations.”

About Air Premia

Air Premia is Korea’s first hybrid airline, combining the efficiency of low-cost carriers with the service quality of full-service airlines. Founded in 2017 and headquartered in Seoul, Air Premia operates a fleet of Boeing 787-9 Dreamliners on medium- to long-haul routes, offering passengers affordable fares and enhanced in-flight comfort. With safety, reliability, and customer satisfaction as its core values, Air Premia continues to expand its global network while delivering a differentiated travel experience.

NYSE Content Advisory: Pre-Market update + Health partners with NBA’s Charlotte Hornets + Proofpoint unveils Satori

NEW YORK, Sept. 24, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

 

NYSE Content Advisory: Pre-Market update + Judi Health partners with NBA’s Charlotte Hornets + Proofpoint unveils Satori

Ashley Mastronardi delivers the pre-market update on September 24th

  • Stocks look to bounce back after pulling back on Tuesday
  • Judi Health becomes exclusive jersey patch partner of the NBA’s Charlotte Hornets
  • Proofpoint unveils Satori, which it says will bring the power of AI agents to security operations teams

Opening Bell
H.E. Karin Keller-Sutter, President of Switzerland, rings the Opening Bell

Closing Bell
S&P Global (NYSE: SPGI) rings the Closing Bell

Click here to download the NYSE TV App

Video – https://mma.prnasia.com/media2/2780994/NYSE_Market_Update_Sept_24.mp4 

 

Desay SV Expands Its Intelligent Driving Solutions to Overseas Market, Built on NVIDIA Accelerated Compute

MUNICH, Sept. 24, 2025 /PRNewswire/ — On September 10, Desay SV announced during the International Motor Show Germany (IAA Mobility 2025) that it is expanding its intelligent driving solutions to overseas markets. Specifically, Desay SV will now make its IPU14 domain controller — introduced late last year and built on NVIDIA DRIVE AGX Thor — available to the worldwide automotive industry.

NVIDIA & Desay SV Signing Ceremony
NVIDIA & Desay SV Signing Ceremony

This latest news was celebrated at a signing ceremony during IAA, and attended by senior leaders from both companies, including Desay SV CEO Jian Xu, Executive Vice President Lele Li, and Rishi Dhall, VP of Automotive Business, Tong Liu, VP, GM of China Automotive Business from NVIDIA.

Desay SV has been collaborating with NVIDIA in the field of automotive intelligence since 2020. In 2020, Desay SV achieved mass production of its first intelligent driving domain controller—IPU03, based on the NVIDIA DRIVE AGX Xavier —deployed on the XPeng P7. It marked the industry’s first commercialization of intelligent driving technology and provided a pioneering “intelligent brain” for emerging electric vehicle brands. Building on this milestone, the companies introduced the IPU04 domain controller in 2022, built on NVIDIA DRIVE AGX Orin, which has since entered mass production and been adopted by more than 20 automakers, including Li Auto, XPeng, GAC, GWM, and Nissan.

Last year, Desay SV announced it would launch new high-performance assisted driving domain controller accelerated by NVIDIA DRIVE AGX Thor to support L3 conditional automation and L4 driving capabilities in certain scenarios. Running the safety-certified DriveOS automotive operating system, DRIVE AGX Thor is optimized for transformer, LLM, VLM and generative AI workloads for the automotive market. Today’s announcement signals Desay SV’s move beyond China to make this available on a global scale. 

Through the implementation of numerous key projects, Desay SV has effectively utilized its strengths in technology adaptation, mass production, and quality management to successfully integrate NVIDIA accelerated compute stable, reliable, and scalable automotive-grade products. Expanding this integration into global markets will serve as a significant driver for Desay SV’s international strategy.

Smart vehicles are not only changing the way people travel and the in-car experience but are increasingly becoming super mobile terminals driving toward the future. This shift brings forth a series of challenges in implementing new artificial intelligence technologies and functions.

Desay SV is creating sustainable value for the global smart mobility industry, envisioning a future landscape of intelligent transportation. Through ongoing collaboration, both companies will explore other synergistic opportunities beyond intelligent driving, including robotics, embodied AI, and other fields across the broader realm of smart living.

UnionPay International and Bank of China Frankfurt Branch Launch SplendorPlus Debit Card in Germany, Marking its European Debut

FRANKFURT, Germany, Sept. 24, 2025 /PRNewswire/ — UnionPay International (“UPI” or “the Company”) and Bank of China Frankfurt Branch announced the launch of the SplendorPlus Debit Card, marking its first issuance in Europe. Tailored to serve local residents in Germany to travel to China, the card caters to the surge in travel to China, offering a cost-effective and convenient cross-border payment solution for seamless transactions during their trips. This initiative also reinforces cross-border engagement and long-term institutional cooperation.

The SplendorPlus Card combines the strength of the Bank of China brand with the reach of UnionPay’s global network, offering customers convenient purchases both locally and internationally, with seamless spending experiences in China. Key highlight for cardholders is the cashback incentive: 1% cash back on transactions made via the UnionPay network in Chinese mainland.

In Germany, UnionPay services are widely available in key tourist areas, including airports, shopping districts, and outlet villages, covering merchants such as department stores, duty-free shops, restaurants, hotels, and car rental services. Through a partnership with Epay, UnionPay QR code payments are additionally accepted at major retail chains including Müller, Galeria, and Heinemann duty-free shops. 

As part of its Project Excellence initiative, the card is widely accepted in China, covering over 1.31 million merchants across transportation, dining, shopping, and entertainment venues. Further enhancing its utility, UnionPay has partnered with 213 offline aggregated code merchants and 166 major online platforms to support international card acceptance, helping users enjoy a seamless experience across both physical and digital retail scenarios.

Through this collaboration, UnionPay and Bank of China Frankfurt Branch will integrate SplendorPlus benefits into existing card products, boosting the competitiveness of Bank of China’s UnionPay dual-currency debit cards. Starting from October 1, 2025, current dual-currency debit cards will be upgraded to the SplendorPlus Card, with cashback rewards promoted and accessible via UnionPay’s mobile-based U Rewards Platform. This initiative is expected to enhance inbound payment experiences for cardholders and drive growth in both card issuance volume and transaction activity.

UnionPay International launched its Project Excellence in 2024 to develop multi-tiered, diversified payment services. In early 2025, the program expanded its focus to three key areas: acceptance scenario enhancement, product upgrades, and international reach expansion—all aimed at simplifying payments in China for overseas customers. Transaction data reflects the program’s effectiveness: foreign-issued and cross-border UnionPay card volume surged 103% year-over-year, with transaction value rising 31%.

To cater to diverse user needs, UnionPay has rolled out targeted products. The SplendorPlus Card, designed for long-term visitors and local residents with cross-border payment demands, integrates global acceptance with optimized China-focused features. It is now offered through 56 institutions across 20 markets. This expands UnionPay’s global footprint, which now includes hundreds of millions of cards issued in 84 countries and regions. For mobile-first users, over 200 UnionPay standard digital wallets are available for application in 37 markets.

UnionPay has also expanded tax refund services, offering both airport and city-center instant refund options, and is actively advancing cross-border QR code interoperability, reaching agreements with networks in 19 countries and regions to enable international customers to use familiar payment tools in China, while continuing to enhance payment convenience and accessibility for foreign tourists and merchants.

SuperX Announces Establishment of U.S. Subsidiary to Accelerate Global AI Strategy and Deepen Silicon Valley Collaboration

New Silicon Valley-based entity, SuperX AI Technology USA, will serve as a hub for joint R&D, integrated solution design, and U.S. market expansion, strengthening ties with key technology partners.

SINGAPORE, Sept. 24, 2025 /PRNewswire/ — Super X AI Technology Limited (NASDAQ: SUPX) (“the Company” or “SuperX”) today announced that on September 18, 2025, it established a wholly-owned U.S. subsidiary, SuperX AI Technology USA. The new entity, incorporated in the State of Nevada, will be headquartered in Silicon Valley, California. This strategic location will position the Company within the heart of the world’s leading technology ecosystem. The U.S. subsidiary is expected to be operational by Q4 2025.

The formation of the U.S. subsidiary is a pivotal step in SuperX’s global expansion strategy and a key component of its initiative to build a worldwide network of technology partners. The Silicon Valley office will serve as a North American hub for co-innovation, allowing SuperX to work more closely with its U.S. partners on joint research, development, and the integrated design of full-stack AI solutions. This U.S. presence will complement the Company’s existing operations in Asia, creating a powerful, interconnected global framework for developing and deploying next-generation AI solutions.

The primary objectives for the U.S. subsidiary include:

  • Driving Joint Innovation through Integrated Solution Design: Creating a center for the holistic design of full-stack AI infrastructure. This U.S. hub will facilitate joint engineering efforts with partners on various critical components—including AI servers, liquid cooling systems, HVDC power solutions, and networking fabrics—ensuring they are co-optimized with software and management platforms to deliver maximum performance and efficiency as a unified solution.
  • Expanding the Global Partner Ecosystem: Leveraging the Silicon Valley presence to identify and cultivate new strategic alliances, expanding SuperX’s global network of hardware, software, and channel partners.
  • Engaging the Capital Markets: Enhancing investor relations and support to increase visibility and engagement with the U.S. community.

This strategic move underscores the Company’s commitment to building a global R&D and partnership footprint. By embedding itself within the Silicon Valley ecosystem, SuperX aims to create a more agile and responsive framework for co-developing cutting-edge, full-stack AI infrastructure solutions that are tightly integrated with the latest advancements from its partners around the world.

About Super X AI Technology Limited (NASDAQ: SUPX)

Super X AI Technology Limited is an AI infrastructure solutions provider, and through its wholly-owned subsidiaries in Singapore, SuperX Industries Pte. Ltd. and SuperX AI Pte. Ltd., offers a comprehensive portfolio of proprietary hardware, advanced software, and end-to-end services for AI data centers. The Company’s services include advanced solution design and planning, cost-effective infrastructure product integration, and end-to-end operations and maintenance. Its core products include high-performance AI servers, High-Voltage Direct Current (HVDC) solutions, high-density liquid cooling solutions, as well as AI cloud and AI agents. Headquartered in Singapore, the Company serves institutional clients globally, including enterprises, research institutions, and cloud and edge computing deployments. For more information, please visit www.superx.sg

Forward-Looking Statements:

Certain statements in this announcement are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. All statements other than statements of historical facts included in this announcement are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company’s current beliefs, expectations and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include the risks and uncertainties described in the Company’s annual report on Form 20-F for the year ended June 30, 2024, filed with the U.S. Securities and Exchange Commission (the “Commission”) on November 7, 2024, and the Company’s other filings with the Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Contact Information

Product Inquiries: sales@superx.sg
Investor Relation: ir@superx.sg
Follow our social media:
X.com: https://x.com/SUPERX_AI_
LinkedIn: https://www.linkedin.com/company/superx-ai
Facebook: https://www.facebook.com/people/Super-X-AI-Technology-Limited/61578918040072/#

 

Massimo Group Integrates Claude AI with Oracle NetSuite ERP to Enhance Operations and Customer Engagement

GARLAND, Texas, Sept. 24, 2025 /PRNewswire/ — Massimo Group (NASDAQ: MAMO), a manufacturer and distributor of powersports vehicles and boats, today announces the integration of Claude AI, developed by Anthropic, into its Oracle NetSuite enterprise resource planning (ERP) systems across all departments. This strategic initiative highlights Massimo’s commitment to working with leading technology providers in artificial intelligence and enterprise software to drive efficiency, strengthen customer engagement, and deliver long-term shareholder value.

By combining the advanced reasoning and natural language capabilities of Claude AI with the proven reliability of Oracle NetSuite ERP, Massimo is equipping its teams to operate smarter and faster. This integration is designed to streamline workflows, enhance decision-making, and optimize collaboration across sales, supply chain, finance, marketing and customer service.

“Artificial intelligence and cloud-based ERP systems are reshaping how companies compete,” said David Shan, Chief Executive Officer of Massimo Group. “By integrating Claude AI with Oracle NetSuite, we are responsibly deploying world-class tools that improve productivity, accelerate decision-making, and elevate customer experiences. This represents a major step forward in creating greater value for our investors, partners and customers.”

Through this deployment, Massimo anticipates accelerated product development cycles, improved supply chain coordination, and more responsive, personalized customer support. These advancements are expected to enhance operational performance as the Company prepares for continued growth into 2026 and beyond.

About Massimo Group (NASDAQ: MAMO)

Massimo Group is a manufacturer and distributor of powersports products. Headquartered in Texas, the company offers a full lineup of UTVs, ATVs, and mini bikes built for outdoor adventure. Massimo Group is dedicated to providing high-performance, reliable, and affordable vehicles for consumers across the United States.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to Massimo. All statements other than statements of historical facts contained in this press release, including statements regarding Massimo’s future results of operations and financial position, Massimo’s business strategy, prospective costs, timing and likelihood of success, plans and objectives of management for future operations, future results of current and anticipated operations of Massimo are forward-looking statements. In some cases, forward-looking statements can be identified because they contain words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “predict,” “project,” “target,” “potential,” “seek,” “will,” “would,” “could,” “should,” and similar expressions. These forward-looking statements are based on current expectations, beliefs, and assumptions concerning future developments and conditions and their potential effect on Massimo. There can be no assurance that future developments affecting Massimo will be those anticipated. Actual results may differ materially from those expected, estimated, or intended as a result of a variety of factors. Massimo undertakes no duty to update any forward-looking statements to conform such statements to actual results or changes in expectations.

Company
Dr. Yunhao Chen
Chief Financial Officer
Massimo Group
ir@massimomotor.com

Corporate Communications
IBN
Austin, Texas
www.InvestorBrandNetwork.com

512.354.7000 Office
Editor@InvestorBrandNetwork.com

 

Chubb Unveils “The Remittance Trust Trap”: Global Research Exposes Hidden Vulnerabilities Among Senders, Especially Gig Workers

The inaugural Sender Market Vulnerability Index spotlights the financial fragility of foreign workers, and a disconnect between senders’ trust in remittance services and their actual risk

NEW YORK, Sept. 24, 2025 /PRNewswire/ — Chubb, a world leader in insurance, today announced the findings of its comprehensive global study of 3,500 international remittance senders in its ground-breaking report, “The Remittance Trust Trap: Revealing Hidden Vulnerabilities,” which uncovers critical and often overlooked risks faced by international remittance senders, particularly those in the burgeoning gig economy.

Remittances constitute the principal, and sometimes the sole, financial conduit to many individuals and families at the household level. These remittances are not simply financial transactions but vital lifelines that contribute to nutrition, healthcare, education, and financial safety nets for recipient families. Without these funds, recipients may struggle to afford essentials like food, shelter, and clothing. And beyond individual households, remittances can contribute to local economies by increasing spending power and fostering community development. 

The report highlights a significant disconnect between senders’ perceived trust in remittance services and the actual risks they encounter, as measured by the launch of research’s inaugural Sender Market Vulnerability Index (SMVI). This innovative and first-of-its-kind tool assesses the economic, social, and technological dimensions of vulnerability from remittance senders in key cross-border corridors (U.S., U.K., Spain, UAE, Singapore, Australia). More than 3,500 international remittance senders with below-median household incomes, many of whom were foreign and gig workers, were surveyed.

Key Findings from “The Remittance Trust Trap” and the survey of 3,500 remittance senders:

  • The Trust-Vulnerability Disconnect: The SMVI reveals a counterintuitive trend: senders who express high confidence in remittance services reaching their recipients securely often exhibit higher actual vulnerability. For instance, senders in the UAE show strong trust despite facing substantial underlying risks (33% in the UAE vs. 27% globally). This disconnect underscores a critical need for enhanced protection.
  • Elevated Vulnerability for Migratory and Gig Workers: Foreign and gig workers, who constitute a significant portion of remittance senders, consistently face heightened economic instability, limited social safety nets, and greater susceptibility to technological risks. Only 3% of U.S. migratory and gig workers, for example, report that they could sustain living expenses for more than three months without income.
  • Cybersecurity Concerns Offset Digital Convenience: While digital remittance channels offer unparalleled convenience, over one-third (34%) of global senders reported being victims of online fraud or cybercrime. This figure rises to 39% for foreign and gig workers in the U.S., leading many to reduce their use of digital platforms and potentially undermining financial inclusion efforts.
  • High Demand, Low Adoption for Insurance: The survey found overwhelming interest in tailored insurance products among remittance senders, with nearly nine out of 10 respondents expressing significant interest in income protection, hospital cash, accident coverage, and payment protection insurance. Despite this demand, actual adoption rates remain low, highlighting a substantial protection gap.
  • Surprising Market-Specific Vulnerabilities: The study revealed unexpected vulnerabilities in seemingly stable markets, with 55% of respondents of Australians — reiterating that the study focused on below-median household incomes — describing their financial situation as difficult. Singaporean senders expressed unusually high anxiety about job security (65% vs. 45% global average).

“The global remittance system is a lifeline for millions, yet our research exposes significant hidden vulnerabilities that demand urgent attention,” said Sean Ringsted, Chief Digital Business Officer at Chubb. “The ‘Remittance Trust Trap’ highlights that perceived security doesn’t always equate to real protection, especially for the hardworking individuals who power the gig economy. It’s a call to action for the entire ecosystem – insurers, remittance providers, and policymakers – to collaborate on building a safer, more resilient financial future for these essential global citizens.”

The report outlines clear recommendations for stakeholders:

  • For Remittance Companies and Insurers: Develop tailored insurance products (e.g., remittance theft/loss, income or personal accident protection, cyber insurance); accelerate claims response; strengthen fraud detection and data privacy; raise awareness; communicate with clarity and compassion; prioritize user financial resilience; and navigate regulation through expert partnerships.
  • For Policymakers: Promote financial inclusion and access to affordable insurance; invest in educational initiatives focusing on financial literacy and digital security.
  • For Individual Senders: Stay informed about cyber threats; use secure platforms; seek improved awareness and knowledge; and practice caution.

“Addressing these vulnerabilities is not just an economic necessity; it’s a private and public undertaking,” Ringsted added. “By innovating with accessible protection, investing in security and transparency, and empowering senders through education and reasonable regulations, we can collectively strengthen the entire system and ensure that global mobility leads to enduring opportunities for all.”

Methodology
“The Remittance Trust Trap: Revealing Hidden Vulnerabilities” is based on a survey of over 3,500 international remittance senders with below-median household incomes across the United States, United Kingdom, Spain, UAE, Singapore, and Australia from March 28 and April 10, 2025, who had sent international remittances within the past 12 months. The full research report is available at https://about.chubb.com/stories/remittance-trust-trap-revealing-hidden-vulnerabilities.html

About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 43,000 people worldwide. Additional information can be found at: www.chubb.com.