NTT Limited announced Dimension Data and NTT Communications in Hong Kong and Macau have joined 28 companies and brands from over 70 countries worldwide to rebrand as NTT, the global US $11 billion technology services company.
The company also announced that NTT Ltd. in Hong Kong and Macau will be led by Steven Medeiros, CEO, Hong Kong and Macau, NTT Ltd. He will be responsible for making sure the market meets the ambitious objectives of NTT Ltd. and its clients. He reports to North Asia CEO for NTT Ltd., Taichi Hiramatsu.
Based in Hong Kong, Hiramatsu will be responsible for the company’s strategic development and operations across Mainland China, Hong Kong, Macau, Taiwan and Korea markets. He reports to John Lombard, Asia Pacific CEO for NTT Ltd.
When launched on 1 July 2019, NTT Ltd. brought together 40,000 people from brands including Dimension Data, DTSI, Emerio, NTT Communications, NTT Security, and Training Partners into one company. NTT Ltd. will partner over 10,000 clients around the world, including leading organizations across financial services, pharmaceuticals, telecommunications, energy & utilities, manufacturing, automotive and technology sectors.
The brands that will be combined over a phased period to form NTT Ltd. include: Arkadin, CAPSiDE, Communications Lifecycle Management (CLM), DPA, DTSI Group, Emerio, e-shelter, Euricom, e2y, Global IP Network (GIN), Gyron, Netmagic Solutions, NTT Communications Cloud Infrastructure Services (NTT Com CIS), NTT Communications Managed Services, NTT Global Networks, NTT Indonesia Nexcenter (NTTI Nexcenter), Oakton, RagingWire, Secure-24, SQL Services, Symmetry, Training Partners, Transatel, Viiew and WhiteHat Security.
As well as being able to offer more in-depth industry solutions for clients, NTT Ltd. in Hong Kong and Macau will benefit from NTT’s innovation center in Japan as well as being able to make use of its full partnership network.
“The North Asia market has often been at the forefront of innovation, both in developing technology as well as application. And Hong Kong and Macau are such great examples,” said Hiramatsu. NTT hopes to sell its technology and services on the back of fintech and digital transformation in the region.
NexChange, Horton Point launch digital asset market
The aim is to create an environment for investors to build and manage portfolios.
Asia-based blockchain venture firm NexChange Group announced a partnership with New York alternative investment firm, Horton Point, to launch a marketplace for the institutional digital asset management industry.
The Nexyst platform will provide access to a broad range of professionally managed, actively traded crypto strategies and passive investment solutions. Nexyst will debut its initial offering in October 2019.
Nexyst is created to provide better transparency and to improve investment decisions for institutional investors interested in the digital currency asset class.
The platform will enable qualified investors to perform online fund sourcing, due diligence and monitoring, and customize portfolios by a number of parameters such as risk, return, correlation and drawdowns. Nexyst utilizes proprietary optimization technology powered by Eleven Marketplace OS to deliver customized portfolio solutions to each investor.
Nexyst will also provide fund managers with integrated access to CRM, data room, behavioral analytics and customer engagement solutions for enhanced marketing and investor relations.
The Nexyst ecosystem is supported by an active global blockchain community developed by the NexChange Group. Horton Point is responsible for manager sourcing and due diligence. In addition to a transactional component, the platform will provide manager research, value-added content and tools enabling both sides to interact efficiently.
“Our goal is to create a one-stop platform where qualified investors and fund managers can actively engage with each other in a secure and compliant manner,” said NexChange Group CEO and Nexyst co-CEO, Juwan Lee.
The intent is to create an environment in which qualified investors can make informed decisions about this new asset class, said Nexyst co-CEO and Horton Point CEO Dimitri Sogoloff.
OKEx seeks global standards for crypto exchanges
OKEx seeks partners to develop a global self-regulated organization aimed at standardizing practices.
OKEx, one of the world’s largest spot and futures digital asset exchanges, announced an initiative to create a self-regulated organization (SRO) aimed at standardizing exchange practices and policies. Similar to the World Federation of Stock Exchanges, FINRA in the United States, and the World Economic Forum, OKEx is engaging exchanges and market participants in the global crypto-trading community to become members of this initiative.
This SRO will be an independent, membership-based organization that is neutral and open to exchanges of all sizes and jurisdictions. Member exchanges will work together to define and adopt standards that will promote digital asset adoption globally, educate governments and regulators, and develop metrics and criteria for trading, listings, and reporting.
“Cryptocurrencies are global and decentralized, and the industry remains nascent, thus regulations by jurisdiction are not enough,” said Andy Cheung, head of operations for Malta-based OKEx. “The only way for exchanges to grow and deliver impact is by joining together to develop practices and policies that will set a global standard and adapt to regional regulatory frameworks.”
Exchanges must clarify their operational practices and procedures in order to best cooperate with governments and encourage innovation in this sector.
OKEx invites other exchanges to join the company in establishing standards for market-making, listings, delistings of digital assets, and other items critical to the growth of the entire industry. Crypto exchanges share a common goal to protect investors and traders, and to foster innovation in the cryptocurrency ecosystem.
“While other organizations have introduced initiatives to elevate standards for crypto exchanges, most are focused on one jurisdiction. Our initiative is focused on creating a global SRO that can provide international standards,” said Enzo Villani, head of international strategy and innovation at OKEx.
SWIFT and HSBC to define API standards for Hong Kong
The new standard will ensure higher levels of interoperability and improve customer experience.
SWIFT and HSBC announce today they are joining forces to define a common industry standard JSON for APIs, re-using ISO 20022 components, the initiative will see the Hong Kong banking community working together to review and agree on this standard.
In July 2018, the Hong Kong Monetary Authority introduced its Open API Framework, to facilitate the development and broader adoption of APIs by the banking sector. Since its launch, over 500 APIs have been made available by the 20 participating banks.
The new standard allows merchants to setup direct debit authorization and initiate the collection instruction to bank on behalf of their consumers. This initiative by SWIFT and HSBC aims to avoid fragmentation on common use cases, speed up and ease API integration efforts and incremental investment for industry participants, and ensure interoperability with the Hong Kong Faster Payment System’s (HK FPS) underlying clearing and settlement system by reusing ISO 20022 as a standard.
ISO 20022 is already widely adopted by market infrastructures across the world, including HK FPS, and is set to become the new standard for cross-border payments in the years to come, making it a logical choice when adopting a new technology.
Lisa O’Connor, managing director, capital markets and standards, APAC said: “In recent years, the financial industry has moved from safe payments to fast payments, and is now embracing richer data payments as the world is moving towards Open Banking. In this context, the adoption of a common set of standards, such as ISO 20022, is a necessity to ensure interoperability between systems and reap the full benefits of Open APIs.”
Nadya Hijazi, head of digital, global liquidity and cash management at HSBC, said: “At HSBC we understand that the market is rapidly changing, with customers more technologically sophisticated and digitally oriented in their approach. We are thus committed to meeting the demands for an industry that is faster, more personalized and easily accessible. At HSBC we see immense value in defining an ISO 20022 JSON standard and have adopted these standards in our Treasury APIs for collections in Hong Kong.”