Media OutReach
XTransfer and Bank SinoPac Announce Partnership at Hong Kong FinTech Week
“Local Accounts” Help SMEs Reduce FX Losses
HONG KONG SAR – Media OutReach Newswire – 5 November 2025 – XTransfer, World’s Leading B2B Cross-Border Trade Payment Platform and Bank SinoPac, acting through its Hong Kong Branch (hereinafter referred to as the Bank SinoPac Hong Kong Branch) are pleased to announce a comprehensive collaboration. The two parties will jointly expand international operations and provide SMEs engaging in international trade with one-stop cross-border financial solutions, including global and local collections, foreign exchange conversion and FX settlement. Coinciding with Hong Kong FinTech Week 2025, Bill Deng, Founder and CEO of XTransfer, and Lin Chia Yun, Chief Executive of Bank SinoPac Hong Kong Branch, officially signed a memorandum of understanding at the XTransfer booth.
XTransfer is set to collaborate closely with Bank SinoPac Hong Kong Branch in multiple phases to enhance cross-border payment solutions. In the initial phase, with the support of robust network and service capabilities from Bank SinoPac Hong Kong Branch, XTransfer will offer its more than 700,000 customers Global Accounts, Local Currency Accounts, and Foreign Exchange (FX) services. Moving forward, the partnership plans to extend into Vietnam, Taiwan and other regions, allowing customers to settle foreign currency proceeds to Chinese Mainland.
With the “Local Currency Accounts” service, XTransfer customers can receive payments directly from buyers in their local currency. This avoids foreign exchange losses that often occur from currency conversions imposed by intermediary banks during remittance. Additionally, buyers in various markets can pay in their own local currencies, which greatly reduces remittance costs and enhances transaction efficiency and cash flow for both parties.
This comprehensive partnership not only adds more functionality for XTransfer’s customers but also helps Bank SinoPac expand its business and reach a broader customer base by working with XTransfer, the B2B industry leader with a leading number of clients.
Bill Deng, Founder and CEO of XTransfer, said, “We are delighted to announce our comprehensive collaboration with Bank SinoPac Hong Kong Branch during Hong Kong FinTech Week. This marks a new starting point in upgrading XTransfer’s service. With more robust local collection and multi-currency settlement capabilities, we will make cross-border payments faster, cheaper, and more reliable, helping SMEs connect with global markets at lower costs and higher efficiency. Meanwhile, we will continue to enhance compliance and risk management to build a trusted cross-border financial infrastructure.”
Lin Chia Yun, Chief Executive of Bank SinoPac Hong Kong Branch, said, “Bank SinoPac has long been committed to providing innovative and diversified financial solutions. We look forward to this collaboration with XTransfer. It is not only a business alliance but also our shared commitment to creating value for the market. We believe that through our joint efforts, we can deliver better services and experiences to our customers. Looking ahead, we will continue to deepen cooperation and create more possibilities together.”
Hashtag: #XTransfer #BankSinopac #Crossborder #Payment #SMEs #HKFTW
https://www.xtransfer.com
https://www.linkedin.com/company/xtransfer.cn
https://x.com/xtransferglobal
https://www.instagram.com/xtransfer.global
The issuer is solely responsible for the content of this announcement.
About XTransfer
XTransfer, the world-leading and China’s No.1 B2B Cross-Border Trade Payment Platform, is dedicated to providing small and medium-sized enterprises (SMEs) with secure, compliant, fast, convenient and low-cost foreign trade payment and fund collection solutions, significantly reducing the costs of global expansion and enhancing global competitiveness. Founded in 2017, the company is headquartered in Shanghai and has branches in Hong Kong SAR, the United Kingdom, the Netherlands, the United States, Canada, Australia, Singapore, Vietnam, Thailand, Malaysia, the Philippines, the UAE, and Nigeria. XTransfer has obtained local payment licences in the Chinese Mainland, Hong Kong SAR, Singapore, the United Kingdom, the Netherlands, the United States, Canada, and Australia. To date, XTransfer serves over 700,000 enterprise clients worldwide.
By cooperating with well-known multinational banks and financial institutions, XTransfer has built a unified global multi-currency clearing network and a data-based, automated, internet-based and intelligent anti-money laundering risk control infrastructure centred on SMEs. XTransfer uses technology as a bridge to link large financial institutions and SMEs around the world, allowing SMEs to enjoy the same level of cross-border financial services as large multinational corporations.
XTransfer completed its Series D financing in September 2021 and achieved unicorn status. The company has a diverse composition of international investors, including D1 Capital Partners LP, Telstra Ventures, China Merchants Venture, eWTP Capital, Yunqi Capital, Gaorong Capital, 01VC, MindWorks and Lavender Hill Capital Partners.
For more information, please visit:
https://www.xtransfer.com/
About Bank SinoPac
Bank SinoPac actively expands toward a global market, establishing 3 branches in the Hong Kong/Macau area, in Hong Kong, Kowloon, and Macau. In the first quarter of 2014, Bank SinoPac further established a new subsidiary, Bank SinoPac (China) Ltd, and a branch in Nanjing, China, becoming the first wholly-owned subsidiary in China by a Taiwanese bank. In January, 2025, Bank SinoPac acquired 80% equity in Amret Plc., the largest Microfinance Deposit-Taking Institutions in Cambodia. Complemented by service points around the Pacific Rim, including Los Angeles in the United States and Ho Chi Minh City and Hanoi in Vietnam, Bank SinoPac has formed a strong and extensive service network, providing customers with comprehensive and all-encompassing services.
Media OutReach
The 7th Cross-Strait Financial Forum and Taiwan-Funded Enterprise Development Forum
This year’s forum is an important supporting event of the 18th Cross-Strait Forum. During the event, nine Fujian-Taiwan financial integration projects were signed, with a total value of RMB 9.1 billion. The projects cover a wide range of financial services across areas including cross-strait industrial cooperation, water supply security for public welfare, capacity upgrades for long-established Taiwan-funded enterprises, technology and innovation industries, and modern agriculture. These initiatives continue to unlock the benefits of financial policies, promote shared access to financial resources for Taiwan compatriots and Taiwan-funded enterprises, and inject new momentum into industrial integration between Fujian and Taiwan.
At the forum, the Cross-Strait Wealth and Asset Management Cross-Sector Alliance was officially inaugurated. Supported by Jinyuan Group and jointly proposed by its affiliated financial institutions, the alliance was co-founded by Xiamen International Trust, Jinyuan Uni-President Securities, Yuanxin Yongfeng Fund, Fubon Bank (China), Junlong Life Insurance, and Xiamen Chang Gung Hospital, among others. Centered on serving the wealth management and asset management needs of people on both sides of the Taiwan Strait, the alliance aims to build a one-stop service platform covering asset allocation for Taiwan compatriots and Taiwan-funded enterprises on the mainland, family trusts and wealth succession planning, pension finance, and healthcare protection solutions.
The forum also unveiled a series of innovative financial achievements related to Taiwan. The banking industry’s first group standard dedicated to Taiwan-related financial services on the mainland, the “Specification for Taiwan-Related Financial Services of Banking Financial Institutions,” was officially released. At the same time, the “Bailufen” Taiwan Compatriot Financial Service Platform was introduced, further enhancing financial services for Taiwan compatriots living in Fujian and supporting the development of Taiwan-funded enterprises.
Hashtag: #StraitsFinancialForum
The issuer is solely responsible for the content of this announcement.
Media OutReach
Verdant Rock Receives BBB+ Long-Term Insurer Financial Strength Rating with a Stable Outlook from Fitch Ratings
“The infrastructure and capital markets we are targeting have been systematically underserved over the past decade. Verdant Rock enters this space with an investment grade rating, a strong capital position, the regulatory standing, the technical capability, and the long-term commitment that issuers and their advisers have been unable to find elsewhere.”
— Tolga Uzuner, Co-Founder, Chief Executive Officer, Verdant Rock Limited
The Fitch Ratings report can be accessed here:
Fitch Rates Verdant Rock at ‘BBB+’; Outlook Stable
Verdant Rock’s Class 3B registration can be verified via the BMA’s register of regulated entities (search “Verdant Rock”): https://www.bma.bm/regulated-entities
Notes to editors: For the May 2026 licensing announcement, see https://bernews.com/2026/05/walkers-supports-verdant-rock-licensing/
This announcement is (i) for information only; (ii) not an offer or solicitation to buy or sell any security, insurance product, or financial guarantee; and (iii) not for distribution in any jurisdiction where to do so would be unlawful. Forward-looking statements are not guarantees of future results, and Verdant Rock undertakes no obligation to update them. A credit rating is not a recommendation to buy, sell or hold any security and may be subject to revision, suspension or withdrawal at any time by the assigning rating agency.
Hashtag: #VerdantRock
The issuer is solely responsible for the content of this announcement.
ABOUT VERDANT ROCK
Verdant Rock Limited is a Bermuda-based insurance company, regulated by the Bermuda Monetary Authority, providing Basel III and Solvency II compliant financial guarantees in emerging markets, designed to qualify as eligible credit protection under Basel and major insurance solvency regimes, for the benefit of institutions globally.
Media OutReach
TVBS deploys AI translation for NVIDIA GTC Taipei keynote
Online viewers praised the translation quality, with comments including “The quality of this real-time translation is amazing,” “The translation is incredibly fast,” and “The live speech recognition quality is surprisingly good.” Some viewers assumed the subtitles came from NVIDIA’s official translation team.
The achievement demonstrates how Taiwan’s media industry is adapting to AI-driven transformation. TVBS is positioning itself as a leader in integrating proprietary AI development with real-world broadcast applications. The company completed optimization and deployment of the system in just nine days — a process that traditionally requires months of dedicated training, according to Andy Yang, manager of TVBS AI Future Technology Department.
Yang explained that the biggest challenge in real-time translation lies in balancing “content accuracy” with “reading fluency” under extremely tight time constraints. Huang’s speaking style is highly improvisational and frequently switches between English, Mandarin and Taiwanese, while audience applause and cheering often occur simultaneously.
Applying standard off-the-shelf translation software in such an environment would likely result in sentence segmentation errors and unclear semantic interpretation, Yang said. Rather than pursuing “zero-latency” translation at all costs, TVBS designed a subtitle presentation mechanism specifically tailored to the keynote format.
Prior to the event, the TVBS team conducted extensive cross-platform testing on multiple AI translation models, evaluating latency and error rates. By introducing a carefully calibrated broadcast delay, the system gained additional time to process semantic meaning and contextual alignment. This approach enabled smoother subtitles matching natural Chinese reading habits, Yang said.
The team also built a dedicated knowledge base for NVIDIA GTC Taipei, compiling AI industry terminology, product names and technical keywords in advance. This significantly improved translation quality and the accuracy of professional content delivery. TVBS’s real-time translation system can be customized based on different broadcasting scenarios, Yang noted.
Yang emphasized that the key to the rapid nine-day deployment was cross-department collaboration. Engineering teams handled hardware tuning and signal integration, while internal technical and content teams managed ongoing model training and refinement. TVBS established a collaborative workflow integrating both technology and editorial expertise.
Through continuous iteration and adjustment, the team incorporated Taiwanese linguistic nuances and natural Chinese phrasing into the system. This enhanced fluency and readability beyond what generic AI models alone could achieve, ultimately shaping what Yang called a distinct “TVBS AI style.” The approach reflects the company’s “3T” philosophy — Truth, Trust and Technology.
In his keynote at the Taipei Music Center, Huang focused on AI infrastructure, next-generation computing platforms and NVIDIA’s latest technological roadmap. GTC Taipei 2026 attracted significant international attention as AI continues to reshape global industries. Through its own transformation journey, TVBS hopes to help lead Taiwan’s media industry into a new era shaped by AI.
Hashtag: #TVBS
The issuer is solely responsible for the content of this announcement.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
