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XTransfer Partners with BNP Paribas to Simplify Cross-Border Payments at Money20/20 Europe
The signing ceremony was held at Money20/20 Europe, with senior representatives from both companies in attendance. The MOU was signed by Bill Deng, Founder and CEO of XTransfer, and Bruno Mellado, Global Head of Payments and Receivables at BNP Paribas, marking a significant milestone in their strategic partnership.
China and the EU are each other’s major trading partners. In terms of bilateral trade, according to China’s customs, the total import and export of goods between China and the EU in 2024 was US$785.8 billion, representing a 0.4% year-over-year increase. The EU is China’s third-largest export destination and second-largest import source, while China remains the EU’s largest import source and third-largest export destination.
The partnership between XTransfer and BNP Paribas is set to simplify cross-border payment solutions for European SMEs engaged in international trade. By leveraging BNP Paribas’ extensive network across Europe, XTransfer will empower its Chinese clients to collect funds in Euros seamlessly, while assisting European SMEs in making direct payments in Euros to reduce foreign exchange complexities and enhance transactional efficiency. This partnership is expected to expand further, with plans to introduce even more currency options in the near future.
Bill Deng, Founder and CEO of XTransfer, said, “It is a great honour to join hands with BNP Paribas. This MOU reflects our mutual ambition to empower SMEs with enhanced cross-border financial solutions. As we continue to grow our European footprint, partnerships like this are instrumental in building robust, compliant, and innovative financial infrastructure for international trade.”
Bruno Mellado, Global Head of Payments and Receivables at BNP Paribas, added, “By combining BNP Paribas’ extensive European network with XTransfer’s expertise in B2B cross-border trade payments, we aim to simplify international trade transactions, reduce costs, and enhance the global competitiveness of our clients. This partnership marks a significant step forward in our mission to provide innovative and efficient financial solutions for businesses operating in the global market.”
The partnership is designed to facilitate seamless trade between SMEs in China and European countries, at the same time streamlining foreign trade transactions between European businesses and their global partners. By simplifying cross-border payments and reducing transactional complexities, this collaboration will lower the costs associated with global trade and significantly enhance the global competitiveness of European SMEs.
Hashtag: #XTransfer #BNPParibas #Money2020EU #Crossborder #Payment #SMEs
https://www.xtransfer.com
https://www.linkedin.com/company/xtransfer.cn
https://x.com/xtransferglobal
https://www.facebook.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 cost 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 licenses in Mainland China, Hong Kong SAR, Singapore, the United Kingdom, the Netherlands, the United States, Canada, and Australia. With more than 600,000 enterprise clients, XTransfer has become the industry No.1 in China.
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 possesses 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/
BNP Paribas
Leader in banking and financial services in Europe, BNP Paribas operates in 64 countries and has nearly 178,000 employees, including more than 144,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Türkiye, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group’s performance and stability.
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Southco’s Blind Mate Floating Mechanism Empowers Efficient Cooling in Data Centers
Driven by global sustainability targets and the need for high-performance, energy-efficient infrastructures, new large data centers must achieve their targeted PUE values, accelerating the industry towards large-scale liquid cooling. However, reliability issues stemming from insufficient mechanical tolerances at the connection points of liquid cooling systems are becoming a critical bottleneck for energy efficiency upgrades and stable operation. Southco recognizes the severity of this challenge and is committed to providing breakthrough solutions.
Minor Deviations, Major Costs
During the large-scale deployment of liquid cooling technology, the reliability of connection interfaces is vital. According to key data from the Open Compute Project (OCP) “Rack-Mounted Manifold Requirements and Verification Guidelines,” a mere 1mm increase in mechanical deviation at liquid cooling interfaces can significantly raise system flow resistance by 15%, leading to a 7% increase in pump energy consumption! This is no trivial amount; in a hyperscale data center with thousands of interfaces, it translates to millions of kilowatt-hours of additional energy consumption and substantial operational costs each year. More concerning is that traditional rigid connection solutions typically offer only ±0.5mm of static tolerance, which proves inadequate in complex real-world environments like these:
- Accumulation of Multi-Dimensional Installation Deviations: In mixed deployment scenarios of widely used EIA-310-D standard racks and advanced ORV3 open architectures, rack installation tolerances can accumulate up to ±3.2mm, far exceeding the limits of traditional solutions.
- Dynamic Vibration Impacts: In ISTA 3-E vibration tests simulating real transportation and operating environments, interface displacement often exceeds 2.8mm, posing significant risks of leaks or connection failures.
- Material Thermal Expansion Effects: Under a typical temperature change of 55°C, copper alloy manifolds can expand approximately 1.2mm per meter, continuously challenging fixed interfaces.
These dynamic, multi-dimensional deviations underline the urgent need for an intelligent, reliable sealing connection solution to ensure the long-term, efficient, and safe operation of liquid cooling systems.
Blind Mate Quick Disconnect: A Connection for a Dynamic World
As a century-old expert in precision engineering, Southco confronts this challenge head-on with the launch of the revolutionary new “Blind Mate Floating Mechanism” liquid cooling connection solution. This innovation is not just a new product; it is a systematic response to profound insight into industry pain points.
Current Status and Trends of Blind Mate Floating Technology
Liquid cooling technology is rapidly gaining traction in high-performance computing (HPC), AI training clusters, and hyperscale data centers. Blind mate technology allows devices to connect without precise visual alignment, making it a core interface solution for rapid deployment and efficient maintenance in liquid cooling systems (especially cold plate systems). The development trends are clear:
- Higher Tolerance Capacity: Adapting to more complex rack environments and dynamic changes is essential.
- Increased Reliability: Zero leakage, long lifespan, and resistance to extreme conditions are basic requirements.
- Intelligent Integration: Integrating sensors for flow, temperature, pressure, etc., for real-time monitoring and predictive maintenance is a future direction.
- Standardization and Compatibility: Supporting OCP ORV3 and other open standards for seamless integration across platforms and manufacturers.
- Lightweight and Compact Design: Meeting the demands of higher density deployments.
Southco’s Blind Mate Floating Mechanism exemplifies innovative design centered around these core trends.
Advantages Over Traditional Solutions
Compared to traditional fixed or simple floating heat transfer connection solutions, Southco’s “Blind Mate Floating Mechanism” offers a qualitative leap with advantages evident across multiple dimensions.
- Three-Dimensional Dynamic Tolerance Control: Southco’s innovative design features a groundbreaking three-dimensional dynamic compensation mechanism: ±4mm of floating tolerance in the radial direction (2° tilt compensation) and 6mm of displacement absorption capacity in the axial direction. This far exceeds common static tolerances in the industry, effectively absorbing and adapting to all previously mentioned installation tolerances, vibration displacements, and thermal expansion deformations.
- Self-Centering Mechanism: When the liquid-cooled blind-plug connector is unplugged, the floating structure automatically resets to the center position, ensuring sufficient floating space for plugging and unplugging operations, fully meeting the strict tolerance requirements of OCP and ORV3 standards.
- Outstanding Sealing Performance for Long-Term Operation: Products endure rigorous ASME B31.3 standard 300psig burst pressure tests, ensuring over 10 years of service life, providing long-term stability for data centers, an achievement traditional solutions cannot match.
- Efficient Maintenance and Significant Cost Reduction: Featuring the Universal Quick Disconnect Blind (UQDB) interface, the design enables genuine “blind operations,” allowing server maintenance without precise alignment or specialized tools. Quick disconnect capabilities make server replacement or upgrades as convenient as “hot plugging,” reducing downtime and related losses by over 90%.
The Necessity of Blind Mate Floating Mechanism
In AI computing clusters and next-generation data centers, adopting advanced connection solutions like Southco’s “Blind Mate Floating Mechanism” is no longer optional, but essential.
- Key to Overcoming Cooling Bottlenecks: High power density is an inevitable trend; traditional cooling and rigid connections can no longer meet the demand. The Blind Mate Floating Mechanism is foundational for unleashing the full potential of liquid cooling and ensuring efficient, stable operation of cooling systems.
- Cornerstone of Business Continuity: The costs of data center downtime are immense. The rapid, reliable thermal maintenance supported by the Blind Mate Floating Mechanism is vital for ensuring uninterrupted operation of critical business activities 24/7.
- Core to Achieving Green and Low-Carbon Goals: Minor deviations in connectors leading to increased flow resistance can significantly elevate pump energy consumption. Its high-tolerance, low-flow resistance design directly contributes to lowering data center PUE values, making it an important element in energy conservation and emissions reduction goals.
- Flexibility for Future Expansion and Upgrading: Modular and standardized design enables data centers to expand capacity and upgrade equipment more flexibly, easily accommodating future increases in computing power demand and technological iterations.
Continuous Innovation, Intelligent Cooling Ahead
According to the “Open Rack V3” white paper, liquid cooling penetration in hyperscale data centers is expected to exceed 40% by 2025. Southco continues to invest in R&D to iterate floating mechanism technology:
* Exploring lightweight high-performance materials (like PPSU thermoplastic) to reduce weight while maintaining strength.
* Advancing intelligent sensor integration for real-time monitoring of key parameters like flow and temperature, providing data for predictive maintenance and energy efficiency optimization.
* Deepening ecosystem collaboration and standardization to promote liquid cooling interfaces in higher density, lower TCO, and broader applications.
As liquid cooling technology transitions from optional to essential, Southco’s “Blind Mate ” represents a precision engineering product innovation, and a profound understanding of cooling challenges in the data center industry. By integrating over a century of precision mechanical design expertise with innovative three-dimensional dynamic tolerance control technology, Southco strives to help global data centers break through cooling bottlenecks, building a more efficient, reliable, and greener foundation for computing power, empowering infinite possibilities in the digital age.
For more information, please click here for more details.
Hashtag: #southco #liquidcooling #EnterpriseComputing #innovations
The issuer is solely responsible for the content of this announcement.
About Southco
Southco, Inc. is the leading global designer and manufacturer of engineered access solutions. From quality and performance to aesthetics and ergonomics, we understand that first impressions are lasting impressions in product design. For over 75 years, Southco has helped the world’s most recognized brands create value for their customers with innovative access solutions designed to enhance the touch points of their products in transportation and industrial applications, medical equipment, data centers and more. With unrivalled engineering resources, innovative products and a dedicated global team, Southco delivers the broadest portfolio of premium access solutions available to equipment designers throughout the world.
Southco Asia Limited
2401, Tower 2, Ever Gain Plaza
88 Container Port Road, Kwai Chung
Hong Kong
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Personalizing The Hong Kong Stay Experience With Dorsett Kai Tak’s ‘3 Wishes’ Package
Save up to 25% with THREE self-chosen perks to match each journey— whether for family fun or business needs
HONG KONG SAR – Media OutReach Newswire – 20 January 2026 – Dorsett Kai Tak, Hong Kong invites travellers to personalize their Hong Kong stay with the Dorsett 3 Wishes Room Package. Guests can enjoy up to 25% savings on a two‑night stay while choosing THREE perks from a list of nine, tailored to their travel purpose—whether for leisure or business—combining modern luxury with authentic local experiences.
Stays Tailored for Every Kind of Traveller
For families and leisure travellers: enjoy local snacks vouchers from Kowloon City’s “Little Thailand”—with treats like egg waffles, pandan buns, or mango‑longan‑coconut dessert—plus options such as complimentary breakfast, room upgrade or a free Octopus card for easy city travel.
For business travellers: choose perks like an Airport Express ticket to Kowloon Station, complimentary suit pressing, or a local data SIM card to stay connected.
Dorsett Kai Tak sits beside the iconic Kai Tak Sports Park, home to world-class concerts and international sporting events. Guests enjoy exclusive walkway access to the Main Stadium and Kai Tak malls. Complimentary shuttle service to AIRSIDE mega mall and Kai Tak MTR ensures easy shopping and city exploration.
Leisure travellers can explore Kowloon Walled City Park for a glimpse of the city’s past or visit the former Kai Tak Airport site for aviation history. Foodies may wander through Kowloon City for Southeast Asian flavours or enjoy traditional Chiu Chow cuisine.
Featuring 373 contemporary rooms, including family-friendly triples, quads, connecting rooms, and balcony suites — ideal for groups of friends or families. Dining options include Jin Bo Law Skybar, Kai Fuk Lau, and Siete Ocho.
Book direct on the official Dorsett Kai Tak website to enjoy a personalized and authentic Hong Kong journey.
Hashtag: #DorsettKaiTak
The issuer is solely responsible for the content of this announcement.
About Dorsett Kai Tak, Hong Kong
This flagship property of Dorsett Hospitality International offers a modern five‑star stay in Hong Kong’s historic Kai Tak district. Conveniently located near Kai Tak Sports Park, the hotel provides exclusive stadium access and a complimentary shuttle to AIRSIDE and Kai Tak MTR.
Guests can choose from 373 stylish rooms and suites—including family-friendly options and the Presidential Pool Suite—and enjoy an infinity pool, 24-hour gym, Jin Bo Law Skybar, and dining at Kai Fuk Lau and Siete Ocho.
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SNP Supervisory Board Extends Contract of CEO Jens Amail Ahead of Schedule
- Contract of Jens Amail extended until December 2030
- Early renewal reflects strong operational performance and successful strategic development
- Partnership with Carlyle marks next phase of SNP’s growth trajectory
HEIDELBERG, GERMANY – Media OutReach Newswire – 20 January 2026 – The Supervisory Board of SNP Schneider-Neureither & Partner SE has extended the contract of Chief Executive Officer Jens Amail ahead of schedule by further five years. Amail, who has been leading the company since January 2023, will now remain CEO until December 2030. The early contract extension reflects the company’s successful development in recent years and signals stability and confidence in its leadership.
Willi Westenberger, Managing Director at Carlyle and Chairman of SNP’s Supervisory Board, says: “Under Jens Amail’s guidance, SNP has made significant progress across its key strategic priorities, strengthened its market position and delivered sustained operational improvements. The company has accelerated its international expansion and broadened its global partner ecosystem as the foundation for sustainable growth. Extending his contract is a clear signal of continuity and underlines our confidence in his leadership and the strong team he has built at SNP.”
The significant operational progress and stability gained by SNP are closely linked to the leadership of Jens Amail. Since the end of 2022, the company has achieved annual records in order entry, revenue and EBIT. The sustained increase in profitability was backed up by a successful internationalization and growth strategy. This has opened up new markets, significantly expanded the software business and elevated the collaboration with the ecosystem to a new level.
Jens Amail also played a key role in strengthening SNP’s corporate governance and strategic stability. The return to a dual governance structure with an Executive and Supervisory Board, as well as the resolution of long-standing legal matters, have provided a solid foundation for the company’s future development. On the product side, the introduction of the SNP Kyano platform in 2024 was an important evolutionary step in supporting the company’s strategy as an enabler of digital transformations and business agility.
Building on this strong momentum, SNP entered into a strategic partnership with global investment firm Carlyle at the end of 2024. The partnership is intended to support the next phase of the company’s growth by accelerating strategy execution and further expanding SNP’s global footprint.
With the early extension of Jens Amail’s contract, the Supervisory Board is ensuring continuity at the top of the company as SNP enters the next chapter of its growth story.
Hashtag: #SNP
The issuer is solely responsible for the content of this announcement.
About SNP
SNP (ticker: SHF.DE) is the global technology platform leader and trusted partner for companies seeking unparalleled data-enabled transformation capabilities and business agility. SNP’s Kyano platform integrates all necessary capabilities and partner offerings to provide a comprehensive software-based experience in data migration and management. Combined with the BLUEFIELD approach, Kyano sets a comprehensive industry standard for restructuring and modernizing SAP-centric IT landscapes faster and more securely while harnessing data-driven innovations.
The company works with more than 3,000 customers of all sizes and in all industries in over 80 countries, including numerous DAX 40 and Fortune 500 companies. The SNP Group has more than 1,600 employees worldwide at over 36 locations in 23 countries. The company is headquartered in Heidelberg, Germany, and generated revenues of EUR 254,8 million in the 2024 fiscal year.
More information is available at
www.snpgroup.com
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