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Sahm Capital and Eddekhar Forge Strategic Partnership to Elevate Financial Literacy and Investment Solutions at CMF Riyadh 2025

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RIYADH, SAUDI ARABIA – Media OutReach Newswire – 26 February 2025 – In a significant move to advance financial literacy and empower employees with smarter financial solutions, Sahm Capital, a fintech-driven financial firm fully licensed by the Capital Market Authority (CMA) [License No. 22251-25], has signed a Memorandum of Understanding (MOU) with Eddekhar, a pioneering B2B digital savings platform. The partnership was formalized at CMF Riyadh 2025, a premier global financial forum that connects leading financial markets worldwide.

Sahm Capital and Eddekhar Forge Strategic Partnership to Elevate Financial Literacy and Investment Solutions at CMF Riyadh 2025

This collaboration seamlessly integrates Sahm Capital’s expertise in financial markets with Eddekhar’s innovative savings solutions, creating a comprehensive financial wellness ecosystem for employees. The initiative aims to instill sustainable savings habits and strategic investment awareness, enabling employees to build long-term financial security.

“At Sahm Capital, we believe that financial empowerment begins with education,” said Steven Chou, Chairman of Sahm Capital. “Through this partnership, Eddekhar simplifies the savings process, while Sahm Capital provides the investment solutions needed to grow and secure those savings for the future.”

Under this MOU, employees will have access to investment solutions tailored to their risk tolerance, along with tools to cultivate sustainable savings habits. Both companies share a common mission to enhance financial literacy and equip employees with the resources needed to achieve long-term financial security and wealth growth.

“Financial literacy is the cornerstone of long-term wealth building,” said Adnan Alkhiary, Founder & CEO of Eddekhar. “By joining forces with Sahm Capital, we are enabling employees to move beyond just saving—empowering them with the tools, knowledge, and access to investment opportunities that drive financial growth.”

Together, Sahm Capital and Eddekhar are redefining financial well-being, equipping employees with the knowledge and resources they need to achieve long-term financial stability, security, and prosperity.
Hashtag: #SahmCapital #CMA




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

About Sahm Capital

Sahm Capital, registered in Riyadh, holds full regulatory licenses from the Capital Market Authority (CMA) to provide Dealing, Advising, Custody, Arranging, and Managing Investments and Operating Funds Activities in the Securities Business services (license no. 22251-25). As the first fintech-driven financial company to achieve full CMA licensing, Sahm Capital has established itself as the fastest-growing member of the Saudi Exchange, leveraging proprietary technology and innovative financial solutions to deliver seamless, one-stop financial services. For more information, visit: .

About Eddekhar

Eddekhar is a B2B digital savings platform that helps employees automatically set aside a portion of their salaries into dedicated savings accounts. By partnering with companies, we integrate directly with payroll systems making saving effortless and secure for employees.

We offer tailored investment options based on individual risk tolerance. This allows employees to grow their savings through carefully selected investment opportunities. Ensuring long-term financial stability and wealth-building. For more information, visit: .

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Backbase and Synpulse partner to accelerate banking transformation across APAC

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17 hours ago

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13/03/2025

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Combining Backbase’s Engagement Banking Platform with Synpulse’s regional expertise to deliver customer-centric solutions

SINGAPORE – Media OutReach Newswire – 13 March 2025 – Backbase, the leader in engagement banking, today announced a strategic partnership with Synpulse, a premier financial services consulting firm, to accelerate digital transformation for banks across Asia-Pacific.

A unified approach to digital transformation

The partnership provides banks with a comprehensive transformation approach that includes strategy consulting, tailored platform solutions, and localized implementation services. By combining Backbase’s Engagement Banking Platform with Synpulse’s deep regional expertise, financial institutions can confidently pivot toward customer-centricity while addressing specific market needs.

“This partnership strengthens our ecosystem and ensures banks have both the architecture and specialized expertise needed to accelerate their digital transformation,” said Riddhi Dutta, Vice President, ASEAN & South Asia at Backbase. “Synpulse’s proven financial services expertise and understanding of regional markets make them an ideal partner to help banks deliver exceptional customer experiences across all touchpoints.”

“Our combined strengths will enable banks to unlock new growth opportunities and achieve digital transformation goals more effectively,” said Yash Shah, Partner at Synpulse. “Together, we provide financial institutions with the guidance and implementation capabilities needed to execute large-scale transformations with confidence.”

A partnership for banking growth in Asia

The partnership aims to deliver three key advantages for financial institutions in APAC:

  • Enhanced business outcomes: Comprehensive consulting and platform integration services to improve customer acquisition, increase share of wallet, and reduce operational costs
  • Localized expertise: On-ground teams delivering market-specific insights, cultural fluency and technical implementation
  • Full-spectrum banking: Addressing a wide range of banking needs spanning retail, SME, and wealth management

Backbase’s platform, already powering over 150 financial institutions globally, including APAC leaders such as BDO Unibank (Philippines), HDFC Bank (India), and Techcombank (Vietnam), enables banks to unify business lines and modernize around customer needs without vendor lock-in. The company plans to expand its regional footprint to Hong Kong this year.

Hashtag: #Backbase #digitalbanking #engagementbanking #retailbanking #omnichannelbanking #businessbanking #smebanking #corporatebanking


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Synpulse

Synpulse is a global professional services company and a valued partner of leading players in the financial services and related industries. We leverage the proximity to our clients and deep domain expertise to create sustainable value using technology as a business driver. Leveraging our strong network of over 100 ecosystem partners, we accompany our clients throughout their transformation journey – from strategy and development to implementation and management.

With our tech powerhouse, Synpulse8, we collaborate with our clients to co-create digital experiences with innovative technologies and proprietary methods. Synpulse is powered by the passion and commitment of its more than 1000 employees from 21 offices who come from over 30 countries.

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Technology driving positive outlook for Malaysian small businesses

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17 hours ago

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13/03/2025

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  • Malaysia’s small businesses lead the region in innovation
  • Younger entrepreneurs dominate small business landscape
  • AI investment on the rise
  • High demand for funding signals continued expansion
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 13 March 2025 – Increased technology adoption is fuelling strong expansion among Malaysia’s small businesses, with 71 per cent reporting growth in 2024 – the highest in more than a decade – according to CPA Australia’s annual Asia Pacific Small Business Survey.

The growth momentum is expected to continue, with 82 per cent of Malaysian small businesses anticipating growth this year, marking the sector’s highest level of optimism since 2012.

Confidence in Malaysia’s economy is equally strong, with 81 per cent of small businesses expecting the economy to grow in 2025, well above the Asia-Pacific average of 67 per cent.

“Malaysia’s small business sector is powered by dynamic and young entrepreneurs who are quick to embrace digital technologies,” said Yip Kit Weng FCPA, President of CPA Australia Malaysia Division.

E-commerce, new digital payment options and social media are widely embraced, with 92 per cent of Malaysian small business using social media in 2024, including as a key communication and marketing tool. On Malaysian entrepreneurs being ranked highest in innovation, Yip said the result was not surprising given 64 per cent of small business owners are younger than 40.
“Their ability to adapt quickly and invest in digital solutions is driving Malaysia’s competitiveness in the region,” Yip said.

Investment in digital tools by Malaysia’s small businesses continues to rise, with AI investment more than doubling from 11 per cent in 2023 to 27 per cent in 2024. Digital and mobile payments have become the norm, with 78 per cent receiving more than 10 per cent of their sales through platforms such as GrabPay, Touch ‘n Go and Boost.

“It is encouraging to see more small businesses embracing AI, well ahead of the government’s five-year strategic roadmap to accelerate AI adoption,” Yip said.

“Regulatory measures to support ethical practices, along with tailored measures for target groups, will further fast-track AI adoption while enhancing public trust.”

Malaysia’s entrepreneurs are also setting their sights beyond local markets. Despite global economic uncertainty, 55 per cent of small businesses expect an increase in overseas revenue this year.

To support this expansion, demand for external financing was strong. In 2024, 70 per cent of Malaysian small businesses used such funds to support growth. This trend is expected to continue this year, with 85 per cent anticipating the need for external finance.

“Given Malaysia’s strong focus on innovation, technology and exports, this demand is unsurprising,” Yip said.

The biggest challenge for Malaysia’s small businesses remains rising costs, particularly in materials, utilities, rent and taxes. Many have focused on implementing cost-control measures to mitigate these pressures.

“The strong economic environment, coupled with government initiatives to increase competitiveness and investor confidence, is helping to create a positive business climate for small businesses,” Yip said.

Hashtag: #CPAAustralia #SmallBusinesses #SmallBusinessSurvey #APAC #MalaysiaSmallBusiness






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

CPA Australia

CPA Australia is one of the world’s largest professional accounting bodies, with more than 175,000 members in over 100 countries and regions, including more than 21,000 members in Southeast Asia. CPA Australia has been operating in Malaysia since 1956, establishing an office in 1994. We provide education, training, technical support and advocacy. CPA Australia provides thought leadership on local and global issues affecting the accounting profession and the public interest. We engage with governments, regulators and industries to advocate policies that stimulate sustainable economic growth and have positive business and public outcomes. Find out more at cpaaustralia.com.au

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1win Brings Colors to India with a Holi Celebration

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1 day ago

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12/03/2025

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HYDERABAD, INDIA –
Holi with 1win is all about bright colors, happiness, and love!

Holi, a celebration of spring’s arrival and the triumph of good over evil, unites people, encouraging them to set aside their differences and share the joy of throwing bright powders up into the air. Guided by the festive spirit, 1win volunteers traveled across India, distributing gifts to the country’s most densely populated neighborhoods and communities, transforming bustling streets into colorful celebrations. The initiative also received enthusiastic support from Indian bloggers and media personalities, amplifying its reach.

Influencers Kanika Sharma and Dhirendra Chauhan Rajput, who participated in 1win’s charitable donations, shared their thoughts on the celebration, “Holi is not just about playing; it is about giving. This time, we thought, why not celebrate Holi with those around us who need a little color of happiness in their lives? Even a small effort can create a big joy. Because we care, we share.”

Through this initiative, 1win helped make Holi more inclusive, enabling thousands to take part in the celebration and share the festive spirit. As the Holi colors settle, the spirit of togetherness and generosity fostered by 1win will continue to inspire.

For more details about the project, visit www.1win.charity.
Hashtag: #1win #1winShares #WeCareWeShare #CSR #Charity



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

About 1win Charity

is the philanthropic branch of 1win, committed to sustainability and community development. Guided by the motto ‘We Care. We Share’, it supports underserved communities around the world and focuses on humanitarian aid, recycling, and healthcare initiatives. Through strategic collaboration with key opinion leaders and NGOs, 1win.Charity drives meaningful change.

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