Home Blog Page 436

Sunil Munshi Appointed CEO of Denave

Marking a Strategic Shift Towards Intelligence-Led Global Revenue Growth

NOIDA, India, April 30, 2026 /PRNewswire/ — Denave, a global technology-powered revenue acceleration company, today announced the appointment of Sunil Munshi as its Chief Executive Officer. The move marks a significant leadership milestone as Denave sharpens its global growth strategy and accelerates its transition towards intelligence-led, scalable revenue models.

Sunil Munshi, CEO, Denave
Sunil Munshi, CEO, Denave

Sunil succeeds Snehashish Bhattacharjee and brings with him over 32 years of experience in driving business transformation, building high-performance sales ecosystems, and scaling enterprise growth across geographies.

Having previously served as Chief Revenue Officer, Sunil has led the expansion of Denave’s APAC business, which today contributes nearly 80% of the company’s total revenue, while driving horizontal growth across industries including Oil & Gas, Telecom, IT Hardware, Digital Wallets, eCommerce, and FMCG.

Commenting on the appointment, Raghunandana Tangirala, Promoter, Chairman and Managing Director, UDS Group, said:

“Sunil’s appointment comes at a defining moment for Denave as we align the business with UDS Group’s long-term vision of building a globally integrated, technology-led services platform. His deep understanding of revenue ecosystems makes him the right leader to drive this next phase of growth at Denave.”

Samriti Malhotra, CHRO, UDS Group, added:

“Sunil’s leadership style is rooted in accountability, adaptability, and building high-performing teams. As Denave evolves within the UDS ecosystem, his focus on people, capability-building, and execution excellence will play a key role in shaping a resilient and future-ready organization.”

Prior to Denave, Sunil held leadership roles across the Office Automation, Telecom, Software, and BPO sectors, where he led sales operations, strategic initiatives, and market expansion efforts.

Sharing his perspective on the new role, Sunil Munshi, CEO, Denave, said:

“Denave is at an exciting point in its journey, with the backing of UDS and a clear opportunity to redefine how enterprises approach revenue growth. The next phase is about scaling with precision—to drive measurable impact for our clients.”

About Denave

Denave is a global, AI-powered revenue acceleration company with 27+ years of experience in driving GTM success and enterprise growth across 5 continents, 50+ countries, and 500+ cities.

About UDS Group 

UDS is a publicly listed company with 36+ years of expertise, delivering integrated facilities management, sales enablement, and business assurance services across 33 industries, supported by 70,000 employees and a strong focus on operational excellence and sustainability.

 

Cohen & Steers Renames UCITS Preferred Securities Strategies as Hybrid Credit Strategies

SINGAPORE and LONDON, April 30, 2026 /PRNewswire/ — Cohen & Steers, Inc. (NYSE: CNS) announced today that it has changed the name of two of its SICAV funds to better align with market definitions of the types of securities in which the funds invest. The Cohen & Steers SICAV Preferred Income Fund is now the Cohen & Steers SICAV Hybrid Credit & Income Fund, and the Cohen & Steers SICAV Short Duration Preferred Income Fund is now the Cohen & Steers SICAV Short Duration Hybrid Credit & Income Fund.

These changes do not alter the funds’ strategies. Rather, they reflect investor expectations with regard to hybrid credit strategies, mirroring feedback from clients outside the U.S. to more clearly represent the funds’ investible universe than the term “preferreds.”

To learn more about all of Cohen & Steers’ SICAV funds, please visit the full Cohen & Steers list of Funds: Funds – Cohen & Steers.

This is a marketing communication. Please refer to the prospectus of the Cohen & Steers SICAV and to the relevant KIID/KID before making any final investment decisions. These documents are available free of charge on the Cohen & Steers website.

About Cohen & Steers SICAV Funds. The Funds are sub-funds of Cohen & Steers SICAV, a Luxembourg-domiciled undertaking for collective investment in transferrable securities (UCITS). Shares of the Funds are only offered pursuant to the current prospectus and the sales of shares of the Funds may be restricted in certain jurisdictions. In particular, shares may not be offered or sold, directly or indirectly in the United States or to U.S. persons, as more fully described in the Funds’ prospectus. Please see the prospectus for additional information including important risk considerations, potential loss of capital, and details about fees and expenses. Past performance is no guarantee of future results.

About Cohen & Steers, Inc. Cohen & Steers, Inc. (“Cohen & Steers”) is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, Tokyo and Singapore.

This communication is not contractually binding or legislatively required. This communication is not sufficient to make an investment decision. Investing involves risk, including entire loss of capital invested. There can be no assurance that the investment strategy will meet its investment objectives.

Cohen & Steers Ireland Limited is the management company of Cohen & Steers SICAV (the “Management Company”) and is authorized and regulated by the Central Bank of Ireland. The Management Company has appointed Cohen & Steers UK Limited, which is authorized and regulated by the Financial Conduct Authority, as the distributor for the shares of the Fund. The Cohen & Steers SICAV is a restricted scheme, pursuant to an exemption under Singapore law. All prospective investors in Singapore will receive a prospectus with a Singapore wrapper. The SICAV is not authorized or recognized by the MAS and shares in the SICAV are not available to the Singapore retail public.

Website: https://www.cohenandsteers.com/

Ivalua Opens New, Expanded Office in Singapore to Support Momentum in Asia Pacific

The move reflects Ivalua’s growth and ongoing investments in the region to accelerate procurement transformation across APAC.

SINGAPORE, April 30, 2026 /PRNewswire/ — Ivalua, the global leader in AI-powered spend management, has opened a new, larger office in Singapore, reinforcing its commitment to the Asia Pacific region.

The office opening coincided with Ivalua’s largest regional event to date: the Singapore leg of its Procurement Innovation on Tour. The event brought together more than 150 procurement professionals from leading customer organisations and Ivalua partners.

Ivalua continues to support the procurement digitalisation efforts of leading organisations throughout the Asia Pacific region, including BAE Systems Australia, Pacific International Lines, John Holland, CIMB, SA Water, Air New Zealand, UNSW, Maxis, Jollibee, Dole Sunshine, Piramal Glass, Asian Paints, AARTI Industries, Sun Pharma, TATA AutoComp Systems Ltd, and more. Ivalua also supports several global customers with APAC presence, such as The Magnum Ice Cream Company, Manulife, Infineon, and SITA.

Ivalua reported a strong year in 2025, achieving 24% organic growth in subscription revenue globally and continued workforce expansion to over 1,000 people across 15 offices worldwide. Recent headcount growth and the expansion of the Singapore office highlight the ongoing momentum Ivalua is experiencing in the region. In addition to growing its employee headcount, Ivalua expanded its network of certified consultants in the region by 29% in 2025, reaching 1,648 in Asia Pacific, including 365 in Southeast Asia. The large number of local consultants enables Ivalua to effectively serve a large and growing customer base.

“We are thrilled to expand our presence in Singapore, a key hub for procurement transformation in the Asia Pacific region. Ivalua’s continued success reflects both the trust leading organisations in the region place in us and our ongoing commitment to bringing innovative, market-leading solutions to the APAC market,” said Franck Lheureux, CEO at Ivalua.

About Ivalua

Ivalua is the only truly unified, enterprise AI platform for managing spend and suppliers. We seamlessly connect people, AI agents, workflows and data, making businesses more profitable, resilient, and sustainable. We are trusted by over 500 of the world’s most admired brands and consistently recognized as a leader by Gartner and other analysts. Learn more at www.ivalua.com. Follow us on LinkedIn.

Global Media Contact

Corporate Communications

media@ivalua.com

 

Finmo Launches Inaugural CFO & Treasurer Advisory Board

The founding cohort of finance leaders will co-build the next generation of Finmo’s Cash Intelligence module, directly from the front lines of SME treasury

SINGAPORE, April 30, 2026 /PRNewswire/ — Finmo, a treasury management and payment platform for modern finance teams, today announced the formation of its Chief Financial Officer (CFO) & Treasurer Advisory Board, a curated working group of senior finance practitioners who will play a direct role in influencing the evolution of Finmo’s Cash Intelligence module and broader product roadmap.

The board brings together CFOs and Treasurers from companies across Asia, each managing the real-world difficulties of multi-currency cash management, cross-border operations, and the growing demands of boards and investors, without the resources of an enterprise treasury department.

The Finmo CFO Advisory Board is designed as a product co-creation partnership. Members will receive early access to new features, participate in structured working sessions to identify key gaps, and have their feedback directly translated into sprint priorities. The inaugural mandate: identify five high-impact improvements to Cash Intelligence by June 2026, validated by practitioners, ready for public-market testing.

“We are not building this board to gather endorsements. We are building it because the best product decisions we have ever made came from a CFO telling us, plainly, what was missing. This board formalises that process,” said Thomas Kang, Co-founder & Chief Revenue Officer, Finmo.

The formation of the advisory board reflects Finmo’s broader thesis: that treasury technology for growing companies has, for too long, been designed by non-practitioners rather than built with the finance leaders who use it every day. The Cash Intelligence module, covering real-time cash visibility, multi-entity consolidation, multi-currency management, and AI-assisted forecasting, is the first product to be shaped in this way.

Board members will engage through quarterly working sessions, direct 1:1 access to Finmo’s product team, and a private async channel for ongoing input. In return, they receive first-look access to new features, co-authorship on Finmo’s practitioner whitepaper “What CFOs Really Need from Treasury Technology,” and speaking opportunities as Finmo grows its presence across the Asia-Pacific treasury and finance community.

“Treasury software has historically been built for banks and multinationals. The companies that actually need it most -the ones scaling across borders with lean finance teams – have been an afterthought. The Board is a working group chosen for the depth of their practitioner experience and the candour of their perspective,” added Thomas.

The advisory board is expected to meet formally for the first time in May 2026, with the initial session focused on a live walkthrough of the Cash Intelligence module and an open-format feedback session. A joint whitepaper drawing on the board’s collective insights is expected to be published in Q3 2026.

Members of the CFO & Treasurer Advisory Board include:

  • Dominic Ong, CFO, Endowus [Wealth Advisor and Investment Platform, Singapore]
  • Iris Ho, CFO | Insignia Ventures Partners [Venture Capital, Singapore]
  • James Swan, CFO & CSO | Mints Payments Limited [Travel Industry Payments Platform, Sydney]
  • Jessie Toh, Global Treasurer | Coda [Digital Content Monetization and Distribution, Singapore]
  • Junxiong Ho, CFO | Funding Societies [SME Digital Financing Platform and Debt Investment Platform, Singapore]
  • Pei Pei Tam, CFO | Edenred [Loyalty Solutions and Services, Singapore]
  • Shi Mei Chin, Founder & CEO | CFO Influence [Professional Services, Singapore]

ABOUT FINMO

Finmo is a next-generation Treasury Operating System that enables CFOs to see their financial operations in real time and forecast what’s coming next. It unifies payments, cash and liquidity management, FX risk management, and financial reporting into a single intelligent platform, transforming fragmented data into connected, actionable intelligence.

Phancy Group Scales up Computing Resources to Strengthen API Business Momentum


HONG KONG SAR – Media OutReach Newswire – 30 April 2026 – Phancy Group Co., Ltd. (Stock Code: 6682.HK) announced today that it proposes to purchase GPU servers and related accessories at a total consideration of RMB 400 million. The servers are applicable for model inference and training, and will be deployed in the Group’s API business to meet the rapidly growing market demand for API calls.

Phancy’s API business continues to show robust momentum. In Q1 2026, customer Token call volume surged more than 400% compared to Q4 2025, with month-on-month growth multiplying throughout the quarter. The timely deployment of new computing resources will further underpin the sustained and rapid expansion of the business.

Leveraging its leading vGPU technology and extensive experience in large model adaptation, Phancy is able to continuously improve Token call efficiency under the same computing power scale and fully unlock the value of computing resources. This enable the Group to better capture opportunities in the Token economy and establish a solid hardware foundation for large-scale business growth.

This expansion highlights Phancy’s long-term commitment to scaling its computing infrastructure. The Company plans to continue investing to meet the strong growth in its API business and capture opportunities in the Token economy.

Hashtag: #Phancygroup

The issuer is solely responsible for the content of this announcement.

ACROBiosystems collaborates with Carterra, accelerating large-scale characterization of potential drug candidates

TOKYO and NEWARK, Del., April 30, 2026 /PRNewswire/ — ACROBiosystems, a company dedicated to being a cornerstone of the global biopharmaceutical and healthcare industries, announces its collaboration with Carterra, a company focused on innovative technologies designed to accelerate the discovery of novel therapeutic antibodies. Through the synergy of ACROBiosystems’ “FLAG” multi-pass transmembrane proteins and Carterra’s LSA platform, large-scale comprehensive characterization of drug candidates can be rapidly performed using high-throughput surface plasmon resonance (HT-SPR).

Transmembrane proteins, especially multi-pass ones, have been considered as highly research‑worthy yet ‘undruggable’ targets. Many practical limitations remain due to the challenges of working with proteins that are not highly stable in the absence of a native cell-membrane environment.

To overcome this challenge, ACROBiosystems has established its “FLAG” technology platform. This integrated platform employs multiple innovative approaches to develop a full range of high-quality, full-length targets. These proteins exhibit stabilized structures and high biological activity, and the portfolio includes key targets such as CD20, Claudin18.2/18.1/6/9, GPRC5D, CCR8, STEAP1/2/3/4, GLP-1R, and GIPR. They are designed to facilitate and accelerate mechanistic research and drug discovery.

The combination of these stable transmembrane proteins with Carterra’s high-throughput platform creates a robust solution for candidate screening. The use of high-quality, full-length transmembrane proteins is critical for the accurate characterization of drug candidates. Following transmembrane protein evaluations to confirm purity, structure and bioactivity, HT-SPR can subsequently be performed with confidence to screen for drug candidates. These techniques highlight that with stable receptor formats, both generalized binding and detailed kinetics can be ascertained. The rapid throughput of the Carterra LSA platform reduces the receptor’s required stability time and mitigates activity losses that can occur in slower, lower-throughput screening assays. While this work was done using intact monoclonal antibodies, the approach could easily be extended to any drug format including nanobodies, scFvs, aptamers, and even arrays of DEL compounds.

Together, ACROBiosystems’ expertise in developing high-quality recombinant proteins and Carterra’s innovative LSA platform enables researchers to access broader and deeper information on thousands of potential drug candidates. And which shall bring a significant acceleration of the research and development process for groundbreaking therapies.

Visa Launches ‘Agentic Ready’ Program in Asia Pacific with Over 50 Partners – Advancing Agentic Commerce

SINGAPORE, April 30, 2026 /PRNewswire/ — Visa, a global leader in digital payments, today announced the launch of its global Agentic Ready program in Asia Pacific. Visa Agentic Ready is designed to support the payments ecosystem in the era of agent-led commerce.

In its first phase, Visa Agentic Ready focuses on issuer readiness, providing a structured pathway for issuers to test, validate and understand agent-initiated transactions in a controlled, production-grade environment. The program enables issuers to experience how AI agents initiate complete transactions on behalf of consumers, and to test their readiness to support agentic commerce – while maintaining the trust, control, and protections that underpin the Visa network.

“Asia Pacific is one of the most dynamic and digitally advanced payments regions in the world, making it an ideal environment to bring agentic commerce from concept to reality. This will truly scale when the payments ecosystem moves forward together,” said T.R. Ramachandran, Head of Products & Solutions, Asia Pacific at Visa. “Agentic Ready is a critical step in that journey – helping issuers test, learn and prepare for agent-initiated payments in a controlled environment, so the industry can innovate with confidence as AI reshapes how commerce happens everyday.”

Agentic Ready is powered by Visa’s foundational network capabilities, bringing together tokens, identity, risk and controls to examine how trusted agent-initiated payments could be enabled across use cases. This builds on Visa Intelligent Commerce – Visa’s portfolio of initiatives and solutions focused on enabling trusted, AI-driven commerce experiences at scale.

From Readiness to Real-World Scale

Bringing agentic commerce to life at scale requires coordination across the payments ecosystem, and Visa has enrolled several partners from 10 markets across the region into the Agentic Ready program. Early issuing partners engaging in the Visa Agentic Ready program include: AEON Thana Sinsap, Alliance Bank Malaysia Berhad, ANZ Bank New Zealand, ASB Bank, Asia Commercial Bank (ACB), Australia and New Zealand Banking Group, Bank New Zealand, Bank of China[1], Bank of Melbourne, Bank of South Australia, Bank SinoPac, Cathay United Bank, CIMB Bank[2], Credit Saison Co., Ltd., CTBC Bank, Cuscal, DBS Bank, DCS, E.SUN Bank, GXS Bank, Hana Card, Hang Seng Bank, HSBC[3], Hyundai Card, ING Bank (Australia), KakaoBank, KB Kookmin Card Co. Ltd, Kiwibank, KASIKORNBANK (KBank), Krungthai Card (KTC), Latitude Financial, Maybank[4], Military Commercial Joint Stock Bank (MB Bank), Mitsubishi UFJ NICOS Co., Ltd., OCBC Bank Ltd, Rakuten Card Co., Ltd., Reap Technologies Limited, Samsung Card, Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank), SB Payment Service Corp., Shinhan Card, St. George Bank, Standard Chartered[5], StraitsX Payment Services Pte. Ltd., Sumitomo Mitsui Card Co., Ltd., Taishin International Bank, Techcombank, TMBThanachart Bank (ttb), Trust Bank Singapore, Union Bank of Taiwan, UQPAY, UOB, Vietnam Prosperity Joint Stock Commercial Bank (VPBank), Wise, ZA Bank, and Zip Co, with additional partners expected to join this year.

Through the controlled, production-grade testing environment, the program validates how agent-initiated payments operate in real world environments, helping issuers build confidence as these new experiences become a reality.

This effort supports Visa’s broader shift towards intelligent, programmable commerce, where trusted credentials and network capabilities enable payments to respond securely and flexibly to consumer intent, context and controls. As more of the shopping journey becomes automated, this helps ensure agents can act seamlessly on a consumer’s behalf – while keeping people firmly in control.

Visa is working globally with AI platforms and developers, merchants, and ecosystem partners to enable trusted agent-initiated payments at scale. Visa Agentic Ready helps ensure issuers are prepared to support these transactions securely and with confidence.

The program is live and available across Australia, Hong Kong, Japan, Malaysia, New Zealand, Singapore, South Korea, Taiwan, Thailand and Vietnam. Those interested in participating in the Visa Agentic Ready program can contact their Visa account executive for more information.

[1] Hong Kong and Singapore

[2] Malaysia and Singapore

[3] Hong Kong and Singapore

[4] Malaysia and Singapore

[5] Hong Kong and Singapore

###

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

 

 

Korea Electric Power Corporation Files 2025 Annual Report on Form 20-F

NAJU, South Korea, April 30, 2026 /PRNewswire/ — On April 29, 2026, Korea Electric Power Corporation (NYSE: KEP) (“KEPCO”) filed its annual report including audited consolidated financial statements on Form 20-F for the year ended December 31, 2025 with the U.S. Securities and Exchange Commission.

The report is available at KEPCO’s website, kepco.co.kr/eng/index.do (Investor Relations – IR Information – U.S. Filing), as well as the U.S. Securities and Exchange Commission website, www.sec.gov. Investors may request a hard copy of the 2025 Annual Report on Form 20-F, free of charge upon request by sending an email to eunbee.jo@kepco.co.kr.