Latest news with #treasury management
Malay Mail
2 days ago
- Business
- Malay Mail
SUNRATE Secures Payment Business Licence In China
SINGAPORE - Media OutReach Newswire - 15 August 2025 - SUNRATE, the global payment and treasury management platform, today announced it has secured a payment business licence in China following its successful acquisition of a 100% stake in Transfar Pay, a unit of Shenzhen-listed Transfar Group. The RMB 315 million (USD 43.8 million) acquisition has received approval from relevant Chinese regulatory authorities. This transaction had been previously announced by the Transfer Group in an exchange filing dated April 1, 2025."This acquisition represents a strategic step in SUNRATE's ongoing commitment to enhancing our global licensing framework and ensuring compliant operations in all jurisdictions, whether through direct licensing or strategic partnerships," said Paul Meng, co-founder at the addition of this licence, SUNRATE gains greater access to one of the world's most important and dynamic markets. This further complements SUNRATE's regulatory presence in key jurisdictions including Singapore, Hong Kong SAR, the United Kingdom, and Indonesia, with further regulatory milestones in other jurisdictions to be announced in due #SUNRATE The issuer is solely responsible for the content of this announcement. About SUNRATE SUNRATE is a global payment and treasury management platform for businesses worldwide. Since its inception in 2016, SUNRATE has been recognised as a leading solution provider and has enabled companies to operate and scale both locally and globally in 190+ countries and regions with its cutting-edge proprietary platform, extensive global network, and robust APIs. With its global business headquarters in Singapore and offices in Hong Kong, Jakarta, London, and Shanghai, SUNRATE partners with the top global financial institutions, such as Citibank, Standard Chartered, Barclays, J.P. Morgan and is the principal member of both Mastercard and Visa. To learn more about SUNRATE, visit
Zawya
2 days ago
- Business
- Zawya
SUNRATE Secures Payment Business Licence In China
SINGAPORE - Media OutReach Newswire - 15 August 2025 - SUNRATE, the global payment and treasury management platform, today announced it has secured a payment business licence in China following its successful acquisition of a 100% stake in Transfar Pay, a unit of Shenzhen-listed Transfar Group. The RMB 315 million (USD 43.8 million) acquisition has received approval from relevant Chinese regulatory authorities. This transaction had been previously announced by the Transfer Group in an exchange filing dated April 1, 2025. "This acquisition represents a strategic step in SUNRATE's ongoing commitment to enhancing our global licensing framework and ensuring compliant operations in all jurisdictions, whether through direct licensing or strategic partnerships," said Paul Meng, co-founder at SUNRATE. With the addition of this licence, SUNRATE gains greater access to one of the world's most important and dynamic markets. This further complements SUNRATE's regulatory presence in key jurisdictions including Singapore, Hong Kong SAR, the United Kingdom, and Indonesia, with further regulatory milestones in other jurisdictions to be announced in due course. Hashtag: #SUNRATE The issuer is solely responsible for the content of this announcement. About SUNRATE SUNRATE is a global payment and treasury management platform for businesses worldwide. Since its inception in 2016, SUNRATE has been recognised as a leading solution provider and has enabled companies to operate and scale both locally and globally in 190+ countries and regions with its cutting-edge proprietary platform, extensive global network, and robust APIs. With its global business headquarters in Singapore and offices in Hong Kong, Jakarta, London, and Shanghai, SUNRATE partners with the top global financial institutions, such as Citibank, Standard Chartered, Barclays, J.P. Morgan and is the principal member of both Mastercard and Visa. To learn more about SUNRATE, visit SUNRATE
Yahoo
07-08-2025
- Business
- Yahoo
Actelis Networks Announces Approval of Cryptocurrency Treasury Strategy to Diversify Balance Sheet and Create Long-Term Shareholder Value
Board authorizes strategic allocation to established digital assets as part of enhanced treasury management approach FREMONT, Calif, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Actelis Networks, Inc. (NASDAQ: ASNS) ("Actelis" or the "Company"), a market leader in cyber-hardened, rapid deployment networking solutions for IoT and broadband applications, today announced that its Board of Directors has approved a new treasury management strategy that includes the strategic allocation of corporate funds to cryptocurrencies as part of the Company's broader capital allocation framework. The Board has authorized management to diversify the Company's treasury holdings through selective investments in established digital assets that meet specific criteria, including cryptocurrencies ranked within the top 100 by market capitalization, trading on major exchanges, at a minimum market capitalization of $500 million. This approach is designed to provide enhanced financial flexibility while pursuing potential long-term capital appreciation opportunities. "This strategic enhancement to our treasury management is part of our commitment to accelerating long-term value for shareholders through prudent diversification of our balance sheet," said Tuvia Barlev, Chairman and CEO of Actelis. "Following a thorough evaluation of available alternatives and the growing institutional adoption of digital assets, our Board and management team believe that a measured allocation to established cryptocurrencies will contribute positively to our capital deployment plans while maintaining the appropriate risk management protocol." The cryptocurrency treasury strategy complements the Company's continued focus on its core networking solutions business across Federal/Military, Smart City/Intelligent Transportation, and Multi-Dwelling Unit markets. The Company intends to implement this strategy in a balanced manner with adequate working capital for operational requirements and continued investment in growth initiatives in its core business. About Actelis Networks, Inc. Actelis Networks, Inc. (NASDAQ: ASNS) is a market leader in hybrid fiber-copper, cyber-hardened networking solutions for rapid deployment in wide-area IoT applications, including government, ITS, military, utility, rail, telecom, and campus networks. Actelis' innovative portfolio offers fiber-grade performance with the flexibility and cost-efficiency of hybrid fiber-copper networks. Through its "Cyber Aware Networking" initiative, Actelis also provides AI-based cyber monitoring and protection for all edge devices, enhancing network security and resilience. For more information, please visit Forward-looking Statements This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements, and include statements regarding the implementation of the Company's cryptocurrency treasury strategy and potential benefits thereof. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results to differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company's filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Contact: ARX | Capital Markets AdvisorsNorth American Equities Desk actelis@
Yahoo
01-08-2025
- Business
- Yahoo
Michael Saylor Says Owning Up To 7% of Bitcoin Isn't 'Too Much' Since 'The Future Is Orange'
Strategy (NASDAQ:MSTR) executive chairman Michael Saylor has doubled down on the company's Bitcoin's (CRYPTO: BTC) Bitcoin acquisition strategy. What Happened: Speaking on CNBC's Squawk Box on Friday, Saylor emphasized that Bitcoin is "digital capital" and highlighted that Strategy's business model revolves around acquiring BTC and issuing structured credit products — including preferred stock, backed by it. He dismissed concerns about the size of Strategy's position, arguing that owning even up to 7% of the total Bitcoin supply is not excessive, especially for a public company leading the way in digital asset treasury management. Strategy now holds 628,791 BTC, or roughly 3% of Bitcoin's total fixed supply, valued far above acquisition levels. Saylor underlined the firm's disciplined, long-term BTC accumulation strategy. He forecasted that Bitcoin could deliver a 30% annual return over the next 20 years, outpacing traditional assets. "We don't want to own all the Bitcoin, we're just part of the first wave," Saylor said, referencing over 160 public companies now integrating BTC into their balance sheets. Saylor further argued that once regulation catches up, even tech giants like Apple and Microsoft will opt to hold Bitcoin over fiat, treasuries or gold. When asked about his signature orange tie, Saylor quipped, "The future is orange, Joe." Also Read: Why It Matters: Strategy just reported its strongest quarterly profit ever, bolstered by Bitcoin's rally and growing investor interest in BTC-backed structured products. Its latest offering, a $2.5 billion issue of Bitcoin-linked securities, is the largest IPO of 2025 so far, showing deep market demand. The company also launched product lines like "Strike" and "Stretch", designed to cater to various investor risk profiles, from leveraged Bitcoin equity to principal-protected, yield-generating instruments. For Q2, Strategy posted $114.49 million in revenue, exceeding forecasts of $112.96 million, for a year-over-year growth of 2.7% and a BTC yield of 19.7%. Read Next:Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? STRATEGY (MSTR): Free Stock Analysis Report This article Michael Saylor Says Owning Up To 7% of Bitcoin Isn't 'Too Much' Since 'The Future Is Orange' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
31-07-2025
- Business
- Yahoo
PNC embeds commercial finance platform in Oracle Fusion ERP
This story was originally published on CIO Dive. To receive daily news and insights, subscribe to our free daily CIO Dive newsletter. Dive Brief: PNC Bank integrated its Pinacle Connect treasury management platform with Oracle Fusion Cloud ERP. The integration is available to PNC corporate and commercial banking clients via the Oracle B2B marketplace in the technology provider's cloud-based ERP, PNC said in the announcement. The platform, launched by PNC Treasury Management in 2021, is designed to ease payment, reconciliation and balance retrieval functions and automate financial management processes, PNC said. The integration joins embedded offerings from HSBC, JPMorgan and Mastercard in the ERP marketplace, which Oracle rolled out in 2022. 'By embedding our services within Oracle Cloud ERP, our clients can more effectively manage their cash position and spend more time running their businesses, while spending less time establishing bank connectivity and handling manual financial tasks,' Howard Forman, EVP and head of PNC's Commercial Digital Channels, said in the release. Dive Insight: ERP systems sit at the heart of the enterprise, circulating critical financial and operational data across an organization's core business functions. Cloud adoption helped expand ERP capabilities and efforts to wrest value from generative AI tools have now intensified the focus on enterprise data. Oracle's growing cloud ambitions are built on integrating data systems and activating AI. The company is investing billions to expand its cloud capacity and forging key alliances throughout the enterprise technology ecosystem, including a recent pact with OpenAI to massively expand AI compute capacity. In the last two years, Oracle inked deals that have put its database servers inside AWS, Microsoft and Google cloud facilities. 'Our database is now moving very rapidly to the cloud because … the database has all these AI capabilities, but also, quite frankly, now people can get it in whatever cloud they want,' Oracle CTO Larry Ellison said last month during the company's Q4 2025 earnings call. PNC is the latest financial institution to tighten its link to Oracle's software business. JPMorgan was on board for the launch of B2B three years ago, tying its banking, travel card and expense services into Oracle Fusion ERP. The firm added its trade and working capital finance platforms to the package last year. Oracle further extended its reach into finance earlier this year through a multiyear cloud modernization pact with Lloyds Banking Group. The deal includes Oracle database deployments in Microsoft Azure data centers. 'Few sectors are evolving as rapidly as the financial services industry when it comes to cloud adoption,' Richard Smith, EVP and general manager, EMEA Cloud Infrastructure at Oracle, said in the announcement. As AI adoption moved into the agentic automation stage earlier this year, Oracle installed an AI production suite in its cloud ERP. The company brought additional agent customization tools on line in April as a separately priced Oracle Fusion offering. The Fusion ERP suite currently has more than 10,000 customers, according to Oracle. Recommended Reading How Capital One unlocked enterprise data, self-service workflows Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
