MPI

Wordly Wins Virtual Events Innovation Award and Passes 2 Million AI Translation User Milestone

Retrieved on: 
Thursday, June 29, 2023

LOS ALTOS, Calif., June 29th, 2023 /PRNewswire-PRWeb/ -- Wordly, the leading provider of AI translation for meetings and events, announced winning the 2023 RemoteTech Breakthrough Virtual Events Innovation of the Year award. The award coincides with passing several major company milestones, including exceeding 2 million users of live translation - making it the first AI-powered translation solution designed for meetings and events to reach this milestone.

Key Points: 
  • Wordly, the leading provider of AI translation for meetings and events, announced winning the 2023 RemoteTech Breakthrough Virtual Events Innovation of the Year award.
  • LOS ALTOS, Calif., June 29th, 2023 /PRNewswire-PRWeb/ -- Wordly , the leading provider of AI translation for meetings and events, announced winning the 2023 RemoteTech Breakthrough Virtual Events Innovation of the Year award.
  • The award coincides with passing several major company milestones, including exceeding 2 million users of live translation - making it the first AI-powered translation solution designed for meetings and events to reach this milestone.
  • Launched in 2019, the Wordly translation platform provides real-time translation into 30+ languages for in-person and virtual meetings and events.

MasterCraft Adds to Industry’s Most Diverse Towboat Lineup with Introduction of the All-New XT25

Retrieved on: 
Wednesday, June 28, 2023

VONORE, Tenn., June 28, 2023 (GLOBE NEWSWIRE) -- MasterCraft Boat Company, a MasterCraft Boat Holdings, Inc (NASDAQ: MCFT) subsidiary and the world’s best-selling towboat brand for five years running, today announced the all-new leader on the water, the XT25. Continuing to build upon the industry’s most diverse towboat lineup, the MasterCraft XT25 was completely redesigned, from the hull up, and delivers industry-leading wakesurfing abilities with increased ballast capacity and class-leading comfort for up to 18 people.

Key Points: 
  • Continuing to build upon the industry’s most diverse towboat lineup, the MasterCraft XT25 was completely redesigned, from the hull up, and delivers industry-leading wakesurfing abilities with increased ballast capacity and class-leading comfort for up to 18 people.
  • The XT25 introduces MasterCraft’s updated SurfStar system that includes built-in foiling profiles, for both left and right-side riders.
  • “The XT25 adds yet another model to the world’s most robust towboat lineup, which offers a diverse range at varying price points – all without sacrificing the world-class performance, undeniable reliability, class-leading comfort, and innovative connectivity that’s synonymous with MasterCraft,” said Matt McDevitt, MasterCraft Vice President of Global Sales.
  • “The XT25 also completes the XT family lineup, which is now available with models ranging from 20-feet to 25-feet.

SUNRATE closes Series D-1 funding round with Prosperity7 Ventures as lead investor

Retrieved on: 
Wednesday, June 28, 2023

SINGAPORE, June 27, 2023 /PRNewswire/ -- SUNRATE, an intelligent global payment and treasury management platform announced today that Prosperity7 Ventures, the diversified growth fund under Aramco Ventures, has made an investment in the company in its latest D-1 funding round.

Key Points: 
  • SINGAPORE, June 27, 2023 /PRNewswire/ -- SUNRATE, an intelligent global payment and treasury management platform announced today that Prosperity7 Ventures, the diversified growth fund under Aramco Ventures, has made an investment in the company in its latest D-1 funding round.
  • Prosperity7 Ventures led the D-1 funding round, which also included a subsequent investment by Softbank Ventures Asia.
  • According to FXC Intelligence, the global B2B cross-border payments market is expected to total $56.1tn in volume by 2030.
  • We are very pleased to lead this round of investment, as we partner with SUNRATE and support the continued growth and expansion of their unique payment system across new geographies."

SUNRATE closes Series D-1 funding round with Prosperity7 Ventures as lead investor

Retrieved on: 
Wednesday, June 28, 2023

SINGAPORE, June 28, 2023 /PRNewswire/ -- SUNRATE, an intelligent global payment and treasury management platform announced today that Prosperity7 Ventures, the diversified growth fund under Aramco Ventures, has made an investment in the company in its latest D-1 funding round.

Key Points: 
  • SINGAPORE, June 28, 2023 /PRNewswire/ -- SUNRATE, an intelligent global payment and treasury management platform announced today that Prosperity7 Ventures, the diversified growth fund under Aramco Ventures, has made an investment in the company in its latest D-1 funding round.
  • Prosperity7 Ventures led the D-1 funding round, which also included a subsequent investment by Softbank Ventures Asia.
  • According to FXC Intelligence, the global B2B cross-border payments market is expected to total $56.1tn in volume by 2030.
  • We are very pleased to lead this round of investment, as we partner with SUNRATE and support the continued growth and expansion of their unique payment system across new geographies."

The Mexican Caribbean hosted the World Education Congress 2023 for the first time outside the U.S. and Canada

Retrieved on: 
Friday, June 16, 2023

The Mexican Caribbean became the first venue in Latin America to host the World Education Congress (WEC), the leading North American annual event of Meeting Professionals International (MPI), the world's largest association for the meetings and events industry.

Key Points: 
  • The Mexican Caribbean became the first venue in Latin America to host the World Education Congress (WEC), the leading North American annual event of Meeting Professionals International (MPI), the world's largest association for the meetings and events industry.
  • "The Mexican Caribbean has an excellent infrastructure for business meetings tourism.
  • We have more than 1.7 million square feet of meeting space equipped with high-end technology.
  • We have three airports and 122 direct flights to cities around the world.

Sonic Foundry’s Vidable™ Announces Plans for New Offering of Events-Focused AI Solutions

Retrieved on: 
Thursday, June 15, 2023

Sonic Foundry, Inc. (NASDAQ: SOFO), the trusted leader in video capture, management and streaming solutions, today announced that its Vidable™ business, which offers AI-powered analytics and transformation solutions for video, will partner with its Video Solutions business to develop an offering focused on supporting the events market.

Key Points: 
  • Sonic Foundry, Inc. (NASDAQ: SOFO), the trusted leader in video capture, management and streaming solutions, today announced that its Vidable™ business, which offers AI-powered analytics and transformation solutions for video, will partner with its Video Solutions business to develop an offering focused on supporting the events market.
  • Sonic Foundry CEO Joe Mozden, Jr. commented, “The partnership that our Video Solutions business recently established with CTI Meeting Technology has given us a deeper window into the growing need for events-specific AI solutions.
  • This represents a massive go-to-market opportunity for our Vidable business, particularly given the immediate access to prospective customers that our Video Solutions team can facilitate.
  • It has also begun expanding its business outside the U.S. with the establishment of a GDPR-compliant instance of Vidable in the E.U.

PingPong Announces Major Payment Institution Approval from MAS

Retrieved on: 
Tuesday, June 6, 2023

Singapore, Singapore--(Newsfile Corp. - June 6, 2023) - PingPong Payments, an innovative global payment platform, reaches another milestone with its recent in-principle approval from the Monetary Authority of Singapore (MAS) to operate as a Major Payment Institution (MPI).

Key Points: 
  • Singapore, Singapore--(Newsfile Corp. - June 6, 2023) - PingPong Payments, an innovative global payment platform, reaches another milestone with its recent in-principle approval from the Monetary Authority of Singapore (MAS) to operate as a Major Payment Institution (MPI).
  • This exciting news paves the way for PingPong Payments to offer an array of payment services in Singapore.
  • As a cross-border payment platform dedicated to serving digital trade worldwide, PingPong Payments has proactively established a significant presence in Southeast Asia.
  • "Receiving in-principle approval from MAS signifies that PingPong's product technology, risk management, and business models have received a resounding stamp of approval from local regulatory authorities.

Circle Singapore Obtained Major Payment Institution (MPI) License

Retrieved on: 
Wednesday, June 7, 2023

Ltd. (Circle Singapore), an affiliate of Circle Internet Financial, LLC (Circle), has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).

Key Points: 
  • Ltd. (Circle Singapore), an affiliate of Circle Internet Financial, LLC (Circle), has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).
  • The license allows Circle Singapore to offer digital payment token services, alongside cross-border money transfer services and domestic money transfer services in the city-state via its various products and services, including the Circle Account, which allows institutional customers access to USDC.
  • Circle Singapore's receipt of the MPI license from MAS underscores Circle's strong reputation as a responsible digital financial technology company.
  • In November 2022, Circle Singapore received In-Principle Approval as a Major Payment Institution License holder from MAS and Circle identified Singapore as its principal hub in Asia to service its growing business in the region.

Crypto.com Obtains Major Payment Institution Licence from Monetary Authority of Singapore

Retrieved on: 
Thursday, June 1, 2023

SINGAPORE, June 1, 2023 /PRNewswire/ -- Crypto.com announced today that it has received its Major Payment Institution (MPI) licence for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS). This announcement follows Crypto.com receiving its in-principle approval from MAS in June 2022. With this licence, Crypto.com can continue to extend its Digital Payment Token (DPT) services to customers in Singapore.

Key Points: 
  • SINGAPORE, June 1, 2023 /PRNewswire/ -- Crypto.com announced today that it has received its Major Payment Institution (MPI) licence for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS).
  • With this licence, Crypto.com can continue to extend its Digital Payment Token (DPT) services to customers in Singapore.
  • "The Monetary Authority of Singapore is recognized globally as a regulator that ensures responsible innovation of the digital assets sector," said Kris Marszalek, CEO of Crypto.com.
  • "The Major Payment Institution licence underscores our ongoing commitment to build with the Web3 community in Singapore."

Crypto.com Obtains Major Payment Institution Licence from Monetary Authority of Singapore

Retrieved on: 
Thursday, June 1, 2023

SINGAPORE, June 1, 2023 /PRNewswire/ -- Crypto.com announced today that it has received its Major Payment Institution (MPI) licence for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS). This announcement follows Crypto.com receiving its in-principle approval from MAS in June 2022. With this licence, Crypto.com can continue to extend its Digital Payment Token (DPT) services to customers in Singapore.

Key Points: 
  • SINGAPORE, June 1, 2023 /PRNewswire/ -- Crypto.com announced today that it has received its Major Payment Institution (MPI) licence for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS).
  • With this licence, Crypto.com can continue to extend its Digital Payment Token (DPT) services to customers in Singapore.
  • "The Monetary Authority of Singapore is recognized globally as a regulator that ensures responsible innovation of the digital assets sector," said Kris Marszalek, CEO of Crypto.com.
  • "The Major Payment Institution licence underscores our ongoing commitment to build with the Web3 community in Singapore."