88% of respondents identified a lack of automation and manual work and errors as the reasons preventing them from having an efficient financial close process Trintech, a leading provider of financial software solutions, today announced the release of its 2021 Global Financial Close Benchmark Report. Trintech surveyed over 480 financial professionals across the globe in Q1 of 2021 to evaluate which parts of the financial close process have been automated, which are in the process of being automated and where finance and accounting (F&A) organizations are looking to adopt automation in the future. 2020 was a defining year for the…
Author: Marie Jones
TOKYO, May 10, 2021 – (JCN Newswire) – Showa Denko (SDK; TSE:4004) announces that it revises its forecast of consolidated business results for the first half of the year ending on December 31, 2021, which was announced on February 17, 2021, taking the latest economic conditions into consideration. Following this revision, SDK also revises its full-year forecast of consolidated business results for the year ending on December 31, 2021. Regarding the latter forecast, we revised the full-year forecast to reflect only the changes in the performance forecast for the first half of 2021. SDK also announces that it will record an extraordinary losses in…
On May 10, 2021, Joy Spreader (6988.HK), a MarTech company listed in Hong Kong, released the business update of the first quarter of 2021. According to the announcement, in the first quarter, Joy Spreader achieved revenue of HK$ 248 million, representing an increase of 33.26% over the same period last year, gross profit of HK$77.4 million, representing an increase of 64.16% over the same period last year, and gross profit margin of 31.16%, representing an increase of 5.87 percentages points as compared with the same period last year. In terms of specific business, the revenue of Joy Spreader’s interactive entertainment…
Wintermar Offshore Marine (WINS:JK) has announced results for 1Q2021. Wintermar is back in the black with net profit before tax of US$0.2 million, after three quarters of net losses. Business conditions have improved in 1Q2021 since the worst of the pandemic in 2020. Utilization still remains below the level achieved in 1Q2020, but the trend is positive. Total revenue of US$10.2 million recorded in 1Q2021 is still 21% below the level of US$12.9 million achieved in 1Q2020. Despite this, the Company was able attain a positive contribution at the gross profit, operating profit and also at the comprehensive net profit…
BitWell, a digital asset derivatives trading platform, announced that it will access global payment channels such as Visa, PayPal, and Master Card, providing users in over 65 countries and regions with access to 300 fiat currency payment channels and 20 digital currency payments, to facilitate global users in purchasing digital assets such as Bitcoin more easily and quickly. This will significantly lower the barrier for users to participate in BitWell and purchase digital assets, promoting a more convenient experience for investors to access BitWell’s digital asset services. To achieve these features, BitWell introduces Alchemy Pay. Alchemy Pay (ACH) is the…
Ngern Tid Lor PCL (SET: TIDLOR) received a warm welcome from investors on the Stock Exchange of Thailand today closing 25% higher at THB 45.75 per share with a trading volume of more than THB 33 billion. TIDLOR became the largest IPO ever in the Thai Finance and Securities Sector, as well as one of the five largest IPOs ever in the history of the Thai equity market, with a total offering size of THB 38,089 million (including an overallotment option) and market capitalization at the IPO price of THB 84,643 million, demonstrating Ngern Tid Lor’s strong fundamentals as the…
Safekeeping of cryptocurrencies presents a challenge for institutions holding cryptocurrencies on their clients’ behalf. Cryptocurrency transactions are irreversible and anyone with full access to a wallet’s private key controls the cryptocurrencies that reside within it. Frighteningly, a number of institutional participants and even some large cryptocurrency exchanges rely on subpar custody approaches, leading Opimas to estimate that over US$190 billion worth of Bitcoin is currently at risk due to subpar safekeeping. Figure 1: Custody Methods Utilized by Institutional Investors Figure 2: A Comparison of HSM and MPC Technology Providers Figure 3: The Market for Crypto Custody & Prime Brokerage Services…
ACDX is the world’s first crypto exchange to list leveraged trading for XCH XCH is the native token of Chia Network, the decentralized smart transaction platform founded by BitTorrent’s inventor Bram Cohen ACDX hopes to reaffirm its commitment to the expanding decentralized financial economy ACDX, the crypto derivatives exchange offering advanced structured products for sophisticated traders, is offering its users the world’s first leveraged BBS trading option for Chia Tokens (XCH). It is the world’s first crypto exchange to kick off such a leveraged listing, empowering users to trade XCH Bull Bear Strike Token (XCH BBS) with multiple times leverage.…
Broadcast live from Washington DC, June 18-19, 2021, with contributions from chapters around the globe, GBA will virtually present its annual state of the union to the world. The GBA global leadership team will present their blockchain results so far and discuss where we are headed for the next decade. The featured Keynote speaker, Dr. Robert Brown will share his wisdom gained from decades of working with world leaders, industry titans, and civil rights leaders. The Washington Post called him a “World Class Power Broker”. Just some of his many accomplishments include: – Key advisor to the late Dr. Martin…
Butterfly Protocol (www.butterflyprotocol.io), the blockchain-based web naming system built for the decentralized internet, today announced that it is opening up additional sponsorship options for top-level domains (TLDs), allowing anyone to create and totally control their own decentralized, token-powered ecosystem. This move compliments the original sponsorship option where TLDs can be sponsored and are controlled by the common governance contract. The movement to a decentralized web has been accelerating recently due to highly visible censoring such as Facebook’s ban on allowing Donald Trump access to posting, the takedown of the Parler social media app and the continuing restrictions on free speech…