KUALA LUMPUR, MALAYSIA – Media OutReach – 28 April 2023 – The Malaysian prime minister’s proposal to create an Asian Monetary Fund can be seen as a natural development following China’s shift away from the U.S. dollar. The OctaFX experts give their assessment of what the consequences will be for the Malaysian economy and MYR.

The U.S. dollar plays a vital role in the U.S. economy, owing to the fact that it accounts for more than 80% of international trade finance. The U.S. dollar also constitutes 60% of the world’s foreign exchange reserves and dominates the bond and currency markets.

However, the widespread use of the U.S. dollar hinders other countries’ (particularly emerging markets) access to international capital. For instance, Russia currently faces financial sanctions and frozen foreign exchange reserves, while Brazil’s president has expressed dissatisfaction with the use of the U.S. dollar. The U.S. dollar is also not favoured by many Asian economies, as ASEAN finance ministers and central bank governors are exploring ways to reduce their dependence on the dollar and shift towards local currencies. Here is how Malaysia’s prime minister Anwar Ibrahim commented on this in April 2023:

‘There is no reason to continue to depend on the U.S. dollar. In our negotiations between Malaysia and Indonesia, we use ringgit and rupiah. The central bank has also proposed to bring this method to trade matters. The more important issue concerns the Asian Monetary Fund (AMF), which has been well received in Asia—I think this proposal should be discussed.’

Malaysia has demonstrated the fastest economic growth rate in Asia over the last two decades, making it worthwhile to listen to the man behind this growth.

China aims to make the yuan the world’s reserve currency and an alternative to the U.S. dollar. Using the yuan in ASEAN countries could be a solution. However, the strict control of the exchange rate by Chinese authorities makes it challenging to promote the use of yuan there. Another major world currency, the euro, will never match the level of liquidity of the U.S. dollar in Asian countries.

The proposed Asian Monetary Fund could enable countries in the region to pool their currencies, providing a way to move away from the IMF and the U.S. dollar in times of crisis. Several governments, including Japan, Malaysia, Thailand, Indonesia, and the Philippines, have already signed bilateral agreements using only their national currencies.

‘The cohesive actions of Asian states will help enhance Malaysia’s intra-trade relations within the region, which will positively affect the liquidity of MYR, making it more accessible,’ said Kar Yong Ang, an OctaFX financial market analyst.

As China accelerates de-dollarisation worldwide, billions of dollars of liquidity remain unclaimed, leading to the strengthening of alternative currencies, especially Asian ones.

Hashtag: #China #Malaysia #AsianMonetaryFund #USD #MYR

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

About OctaFX

OctaFX is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilised by clients from 180 countries who have opened more than 40 million trading accounts. Free educational webinars, articles, and analytical tools they provide help clients reach their investment goals.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.

In the APAC region, OctaFX managed to capture the ‘Best Forex Broker Malaysia 2022’ award and the ‘Best Global Broker Asia 2022’ from Global Banking and Finance Review and International Business Magazine, respectively.

TAIPEI, TAIWAN – Media OutReach – 28 April 2023 – Appier, a leading software-as-a-service (SaaS) company that uses artificial intelligence (AI) to power business decision-making, today announces that it has integrated Generative AI (GenAI) technology into three major marketing capabilities across its product lines. By connecting its advanced GenAI algorithms with OpenAI’s ChatGPT language model, Appier can leverage the power of pioneering technology to help businesses increase productivity through advertising keywords and targeting parameters generation; intelligent conversational chatbot creation; and marketing copywriting and automatic content generation.

Integrating GenAI into existing digital marketing services and empowering enterprises with the practical value from its commercial applications is the key to the next wave of success for MarTech service providers. Appier has proactively combined its industry-leading GenAI products with ChatGPT features by upgrading its solutions with an intuitive and easy-to-use interface to empower brands to harness the value of AI directly and easily. Appier’s solutions have successfully improved marketing performance and efficiency for customers and will further expand the scope of application to support the entire buyer journey, enabling marketers to create greater value for their brand.

1. Advertising keywords and targeting parameters generation

Appier is leading the industry to apply GenAI technology to its advertising automation platform AIXPERT, making good use of the algorithm’s sensitivity and immediacy to timely detect keyword clusters that are most attractive to potential audiences. Based on performance metrics and audience overlap rate prediction powered by AI, AIXPERT can sort out a top list with better result prediction, helping marketers to increase their campaign Return on Ad Spend (ROAS). With the rich domain knowledge of ChatGPT, marketers can also effectively expand the potential user base and bring their advertising results to the next level.

2. Intelligent conversational chatbot creation

In the past, it was difficult for customer service professionals to provide a quick and detailed response to each customer. After integrating ChatGPT into the BotBonnie conversational marketing platform, it can now automate the reply generation process and marketers can also use the command to provide rewrite suggestions and adjust the response length or tones (professional, friendly, empathetic, confident) for different situations, enabling better results from conversational commerce and customer satisfaction through this hyper-personalized engagement.

3. Marketing copywriting and automatic content generation

In the past, marketers had to copywrite content for marketing and engagement campaigns from scratch or create multiple versions for A/B testing to ensure results from advertising campaigns or customer engagement activities. With the support of ChatGPT, marketers can significantly save time on idea generation and different versions of customization, making it easy to manage different media channels.

• Multi-version copy generation: AIQUA personalized marketing cloud supports the ChatGPT feature to help marketers with a diverse range of content ideas. The AI assistant can quickly create copies that support multi-languages (English, Chinese, Japanese, Korean)^[1] and tones (formal, friendly, uplifting, playful, humorous) based on basic text input. With AIQUA’s one-stop communication feature, marketers can also send messages to different media channels^[2] with a single click.

• Advertising copy optimization: The integration of Appier’s Intelligent Profiling & Acquisition (IPA) solution and ChatGPT will enable brands to enhance the results of paid media ads as well. As long as the marketer types in the actual product subject and description, the AI assistant can generate optimized marketing copies within a few seconds with different languages (English, Chinese, Japanese, Korean, Vietnamese) and tones (professional, witty, optimistic, tense, curious, uplifting, and informative) to catch customers’ attention as well as adapt to the platform character limits, helping marketers do more with less^[3].

“Our commitment to innovation is reflected in our consistent focus on R&D and integration of advanced technologies at Appier. As a result, we continue to lead the AI SaaS space with cutting-edge solutions,” said Dr. Chih-Han Yu, CEO and co-founder of Appier. “We are confident in our ability to leverage the power of generative AI to offer the next generation of AI-powered marketing solutions while prioritizing our customers’ data privacy. This approach will allow them to adopt innovative technologies with ease and drive stronger business impact.”

Hashtag: #Appier #GenerativeAI #marketing #artificialintelligence #martech

https://www.linkedin.com/company/appier/

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

About Appier

Appier (TSE: 4180) is a software-as-a-service (SaaS) company that uses artificial intelligence to power business decision-making. Founded in 2012 with a vision of democratizing AI, Appier now has 17 offices across APAC, Europe and US, and is listed on the Tokyo Stock Exchange. Visit www.appier.com for more information about Appier and its applications of generative AI.

BingX makes preparations to $FIL hard fork without hindering trading activities

Hashtag: #bingx #cryptoexchange #filecoin

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

About BingX

HONG KONG SAR – Media OutReach – 27 April 2023 – The Institute of Financial Technologists of Asia (“IFTA”) announces the opening of applications to IFTA FinTech and Innovation Awards 2022/2023 (“the Awards”) until 26 May 2023. The Awards invite nominations of projects, individuals and teams from different sectors who have made significant achievements in the use and/or growth of FinTech in their respective arena.

As technology continuously evolves, FinTech applications have also made major breakthroughs. Themed “Game Changers: The Rise of Next Gen FinTech“, the Awards celebrate ground-breaking ideas and technologies that shape the future of finance in a fast-changing environment. Out of 14 award categories, 10 are catered for corporations which have delivered exceptional FinTech projects or solutions used in various areas in Asia, and 4 categories celebrate the significant achievements of individuals and teams in FinTech.

In response to the rising concerns of security in cyberspace and data, a new category, “Cybersecurity and Data Protection”, has been introduced to recognise effort in protecting sensitive information against potential attacks. Both female and male play a key role in maintaining the sustainable development of FinTech industry. In this regard, IFTA also introduced the “Female’s Pioneer Award” to recognise female leaders and practitioners who have made unswerving effort and contribution to challenge the status quo and chart new frontier.

“IFTA Awards aim to celebrate the effort of FinTech practitioners in upholding Hong Kong’s role as one of the world’s financial centres.” said IFTA Founder and Chairman Mr Paul Pong, “Technology is evolving in an unprecedented pace. Innovative adoption of technology in finance has empowered automation, enhanced client accessibility and supported businesses to stay ahead of competition. Through the Awards, we aim to celebrate the many innovative FinTech breakthroughs practitioners have made that drove our society forward and fuelled our businesses.”

Head Juror of IFTA Awards 2022/23 Dr Dorothy Chau mentioned, “We recognise that female plays an equally important role as male to the long-term development and growth of FinTech industry. We have therefore introduced the new ‘Female Pioneer Award’ in order to honour the contribution of female industry leaders and inspire more women to pursue a career in FinTech.”

Since its establishment in 2017, the IFTA has played an active role in raising the bar of FinTech industry in Asia, facilitating FinTech education and serving as a platform for nurturing new talents. For the past five years, the Awards have recognised outstanding companies and individuals who have dedicated to the development of this once emerging, and now maturing industry.

Award categories of IFTA Awards 2022/23 are as follows.

Corporate Achievements in FinTech and innovation

A total of 10 award categories are open to projects or solutions in Asia used by publicly listed companies, private corporates, and start-ups. They are:

1. RegTech
2. InsurTech
3. Payment Tech
4. Blockchain, Cryptocurrency and CEP (Cryptoasset Exchange Providers)
5. Banking Tech
6. Wealth Tech
7. Metaverse, NFT, and DeFi (Decentralised Finance)
8. ArtTech
9. Cybersecurity and Data Protection
10. Others (innovative projects that fall under FinTech but excluded from categories stated above)

Outstanding Financial Technologists of the Year

There are 4 award categories open to individuals and teams for their achievements in fintech industry.

1. Leader of the Year – Recognising company founders, shareholding directors, or C-suite executives
2. Rising Star of the Year – Recognising young professionals at or below the age of 35
3. Star in the Making – Recognising students (undergraduate or postgraduate) who come up with innovative projects or ideas that can positively transform the FinTech industry
4. Team of the Year – Recognising corporate teams/project teams who have made significant contribution through the implementation of FinTech solutions

The Jury Panel (in alphabetical order of surnames)

Name	Title
Head Juror
Dr Dorothy CHAU	Head of Security Special Projects Crypto.com
Jurors
Mr Barry CHAN	Chief Digital Officer and Head of FINNOSpace FORMS HK
Prof Emil CHAN	Chairman The Association of Cloud and Mobile Computing Professionals
Mr Raymond CHAN	CEO & Director Mataverse Securities
Mr Calvin CHENG	Founder & CEO Wizpresso
Mr Sean LEE	Co-founder MODO Tech
Mr Aldous MAK	Chief Financial Officer Hong Kong Science and Technology Parks Corporation
Ms Juni YAN	Managing Director Openhive
Mr Victor YIM	Head of FinTech Hong Kong Cyberport Management Company Limited
Prof YIU Siu Ming	Professor Department of Computer Science, The University of Hong Kong

For more information, please visit www.iftaawards.org

Hashtag: #IFTA

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

About IFTA

The Institute of Financial Technologists of Asia Limited (IFTA) is an NPO established in Hong Kong in September 2017; As accreditation provider, IFTA has two highly-regarded qualifications: the Associate Financial Technologist (AFT) and the Certified Financial Technologist (CFT). These qualifications are designed to equip professionals with the knowledge and skills necessary to excel in the fast-changing financial technology landscape. In 2022, IFTA entered a collaboration agreement with the The London Institute of Banking & Finance to introduce the Certified Finance Practitioner (CFP) program. IFTA also organises events including boot camps, seminars, and an annual award to accelerate Fintech education and industry engagement among government, regulators, universities, enterprises, and start-ups.