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ISU GROUP ANNOUNCES CEO SUCCESSION

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SAN FRANCISCO, June 12, 2024 /PRNewswire/ — ISU Group (ISU), one of the largest independent agency networks in the US, has today announced that Dan McCarthy, Chief Operating Officer, will become the next Chief Executive Officer, assuming the responsibilities held by T.J. Ryan III over the past 35 years.

Samantha Hollman, CEO – International of Steadfast Group, said the appointment will allow for a smooth transition from current CEO T.J. Ryan III.

“Dan’s appointment is a natural progression for the future of ISU and part of a carefully developed succession plan to ensure continuity and confidence in the business.

“Dan has established himself as an effective executive and a visionary leader, with over 30 years of experience in finance, underwriting, claims management and sales. As COO over the past 10 years, Dan has developed a deep understanding of ISU’s business and its role in the insurance distribution system and has been instrumental to the growth and development of the Network over that time”.

Dan McCarthy, ISU COO, paid tribute to T.J.’s leadership: “It’s an honor to be asked to lead ISU. T.J. has been a valued leader of ISU, and it has been a pleasure to have him as a trusted mentor and colleague.

“ISU has incredibly talented and passionate people who embrace a culture of innovation and collaboration, which at its heart will ensure we continue to deliver meaningful value for our network members and their clients”.

As part of the changes, T.J. will move into a newly created role of Vice Chairman, where he will focus on strategic projects and industry opportunities utilising the vast relationships he has established over his career. “Serving as ISU’s CEO for nearly 35 years has truly been a privilege and I am incredibly proud of our accomplishments to date. Since ISU was formed, we have experienced tremendous growth driven by our network members and outstanding team. I am confident ISU will continue to excel under Dan’s leadership”.

Ms Hollman added: “T.J. is very passionate about ISU’s future growth and is excited about the opportunity to continue to support ISU in this new role.

With Dan at the helm and Steadfast’s full support, ISU is on a solid footing and it will be exciting to see him lead the organization through the next phase of its growth journey.”

About ISU Group

ISU Group (ISU) is one of the country’s oldest and most respected insurance agency networks, initially starting as a franchise over 40 years ago. Today, ISU is one of the largest agency networks in the US. It has 230 members across 40+ states and partnerships with over 75 insurance carriers and wholesalers.

About Steadfast Group

Steadfast Group, established in 1996, is the largest general insurance broking network and the largest underwriting agency group in Australasia. The network provides services to broker businesses across Australia, New Zealand, Asia and London. Steadfast also operates as a co-owner and consolidator through its equity interests in a number of broker businesses, underwriting agencies and other complementary businesses. In addition, Steadfast Group owns ISU Group, one of the largest independent insurance agency networks in the United States, and has a 60% equity stake in UnisonSteadfast, a global insurance broker referral network with 271 brokers in 115 countries.

Contact:
Dan McCarthy
1-415-623-5157
dmccarthy@isugroup.com

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Over 100 Delegates and 16 Startups: Taiwan Sends Largest-Ever Fintech Delegation to SFF 2026 as FinTechSpace Debuts “Taiwan Fintech Fleet” Collaboration Model

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TAIPEI, Nov. 12, 2026 /PRNewswire/ — FinTechSpace, Taiwan’s premier one-stop fintech innovation acceleration hub – guided by the Financial Supervisory Commission (FSC) and founded by the Taiwan Financial Services Roundtable (TFSR) — is making its eighth consecutive appearance at the Singapore FinTech Festival (SFF). This year, FinTechSpace has mobilized innovation energy from both northern and southern Taiwan to curate the island’s largest-ever delegation, bringing over 100 fintech leaders, representatives, and 16 selected startups at the Taiwan Pavilion (Booth #5B33, Hall 5).

The Taiwan Pavilion showcases 16 international pitch sessions anchored around three core pillars: Resilience Forward: Operational Defense & Compliance; New Asset Horizons: Digital & Sustainable Finance; and Ignite Growth: Enterprise & Integrated Solutions. Crucially, FinTechSpace is debuting its groundbreaking “Theme-Based Fleet Pilot Program,” an initiative designed to integrate multi-team technologies and services to capitalize on complementary strengths, demonstrating the versatility, depth, and international competitiveness of Taiwan’s fintech ecosystem. The delegation will also host two high-level international networking events to deepen cross-border collaboration and unlock commercial opportunities.

Maiden Flagship Initiative: “Trustworthy FinTech” Fleet Hits the Global Stage

The newly launched “Taiwan Fintech Fleet” serves as a collaborative mechanism that connects the specialized capabilities of different startups into cohesive, scenario-based enterprise solutions. By replacing standalone tools with integrated offerings, the fleet model enables international financial institutions and enterprise clients to seamlessly adopt multi-faceted services that directly address operational pain points.

The inaugural rollout focuses on “Trust in FinTech,” bringing together six FinTechSpace portfolio companies – IHH, TOPPAN Security, KDAN, AIFT, FANO, and wiAdvance – to form two strategic theme fleets: “Digital Trust Chain” and “Trustworthy AI Guardrails”. The initiative propels startups to transition from “single-point services” to “full-scenario application” solutions, while taking a “fleet goes global” model to lead teams in jointly expanding into international markets and demonstrating the integration and collaborative strength driving Taiwan’s fintech industry.

Two Signature Events: Canada Meets Taiwan Forum and Taiwan–Korea Happy Hour Deepen Global Ties

During SFF, the Taiwan Pavilion will host “Canada Meets Taiwan: AI, Fintech, and New Opportunities for Financial Innovation” on Wednesday, November 18, 2026, from 2:30 to 3:15 PM (Singapore time). The session brings together government, industry, and academic representatives from Taiwan and Canada to discuss how artificial intelligence is reshaping fintech innovation, and to exchange insights on ecosystem development and collaboration opportunities, further strengthening bilateral fintech ties.

The Taiwan Pavilion is also teaming up with the Korea Pavilion to host a “Happy Hour” networking mixer, featuring Taiwanese and Korean snacks in a relaxed, social setting. The event is designed to spark connections between fintech startups, financial institutions, and industry partners from both countries, opening the door to future technical collaboration and market expansion.

An Open Invitation: Join Taiwan in Building the Next Wave of FinTech Opportunity

FinTechSpace warmly invites financial institutions, investors, and industry partners from around the world to visit the Taiwan Pavilion (Booth #5B33, Hall 5) during SFF, November 18–20, 2026, to engage with participating teams and explore opportunities for technical collaboration, business partnerships, and investment.

About FinTechSpace

Established in 2018, FinTechSpace is Taiwan’s first one-stop fintech innovation acceleration hub. Guided by the Financial Supervisory Commission (FSC) and initiated by the Taiwan Financial Services Roundtable (TFSR), the program is operated by the Institute for Information Industry (III). FinTechSpace is dedicated to creating a co-creation ecosystem that fosters FinTech development by integrating physical space, mentorship, and technical resources. It aims to drive FinTech innovation in Taiwan and promote international collaboration. For more information, please visit: www.fintechspace.com.tw.

2026 Taiwan Pavilion Exhibitor List

FinTechSpace (Taipei)

Resilience Forward: Operational Defense & Compliance

CoCoTree
Technology

CoCoTree Technology provides a nature-risk and TNFD-aligned decision platform that helps financial institutions and enterprises assess the nature sensitivity, biodiversity exposure,
and environmental risk of their operating sites and supply chains. The platform turns these insights into risk scores, monitoring alerts, and compliance summaries, supporting credit
underwriting, post-loan monitoring, supply chain engagement, and ESG/TNFD disclosure.

HiTRUST

HiTRUST is a fintech company specializing in digital security, identity verification, and fraud prevention that help financial institutions strengthen transaction security while improving
the user experience. Headquartered in Taiwan with seven offices worldwide, HiTRUST serves more than 10,000 institutions globally. In 2025, the company received a government
grant for Digital Service Innovation and won gold at the Ministry of Economic Affairs’ Smart Innovation Award.

IHH Co., Ltd.

IHH is dedicated to building “secure, anti-counterfeiting, and highly flexible commercial video solutions.”  Providing enterprises with a “secure and trusted mechanism to seamlessly
leverage integrated AI capabilities before, during, and after video conferencing to conduct business, yielding highly non-repudiable results.”

IHH ensures every interaction is secure and trustworthy and generates highly non-repudiable digital evidence. Its solutions have been successfully deployed by several major,
market-leading enterprises.

TOPPAN
Security Co.,
Ltd.

TOPPAN Security focuses on advanced digital identity and authentication solutions, offering a one-stop solution spanning eKYC facial recognition, SoftToken, multi-factor authentication
(MFA), and device rebinding to help financial institutions strengthen the security of their digital services. Founded in 2013, the company joined the TOPPAN Group in 2020 and has been
expanding into global markets under the TOPPAN Security brand since 2025.

Woodpecker
Technology
Inc.

Woodpecker Technology specializes in enterprise security monitoring, threat detection, and incident response. Its flagship platform, Woodpecker XVR, delivers a unified SOC view
by integrating data from endpoints, networks, security logs, and user activities. Combined with an on-premises AI security assistant, the platform accelerates incident investigation,
improves alert prioritization, and enables more effective response while ensuring that sensitive data remains fully under the customer’s control. Woodpecker serves financial institutions,
government agencies, critical infrastructure operators, and high-tech manufacturers through partnerships with MDR providers, MSSPs, and system integrators.

Ignite Growth: Enterprise & Integrated Solutions

HOYA BIT
Digital
Technology

HOYA BIT Digital Asset Exchange has secured business compliance approvals from the Taiwan FSC as an exchanger, trading platform, transferor, and custodian, while co-creating
a 24/7 fiat exchange withdrawal service with Taishin Bank and becoming the world’s first ISO 14068-1 carbon-neutral exchange. In partnership with Taishin Bank, it offers round-the-
clock fiat withdrawal services and is the world’s first ISO 14068-1 carbon-neutral certified exchange. Powered by Agentic AI trading technology, HOYA BIT offers virtual asset and
multi-strategy investment services, and its AI Native Exchange OS helps financial institutions and enterprises integrate virtual assets and stablecoin payments and settlement.

Light
Momentum
Technology

Founded in 2021, Light Momentum Technology (LMT) combines expertise in IC design, ICT, and finance to develop fintech, AIoT, and custom ASIC/SoC chip applications, delivering
financial AI and high-frequency trading solutions. LMT was named to EE Times’ Silicon 100 in both 2022 and 2023, established a subsidiary in the Czech Republic in 2024, and has
exhibited at the Singapore FinTech Festival for four consecutive years as it continues to expand into overseas markets and technical partnerships.

On-us Co.,
Ltd.

On-us combines AI with years of accumulated consumer-engagement data through its Smart E-Voucher and On-us Intelligence platforms, turning behavioral signals from how consumers
claim, engage with, and redeem offers into actionable business insights. This helps enterprises optimize membership management, customer acquisition, loyalty programs, and marketing
performance, driving greater customer engagement value and revenue growth.

ThinkCloud
Technology

ThinkCloud Technology specializes in digital identity verification and e-signature solutions. Its flagship innovation, SelfieSign, utilizes patented SVS (Signing Video Stream) technology to
capture real-time video and audio recording during the signing process, timestamps, and verification data in compliance with the EU’s XAdES electronic document standard. ThinkCloud
also offers eStamp digital seals and FaceOTP AI liveness detection. The platform processes more than 3 million signatures a month and holds a 90% share of Taiwan’s medical e-signature
market.

TradingValley
Co., Ltd.

One of Taiwan’s earliest robo-advisory fintech, TradingValley helps financial institutions build digital wealth-management services and, after obtaining a U.S. investment advisor license,
launched its own B2C business. In 2025, the company introduced WinwinGPT, a personalized AI investment assistant that has been a finalist in multiple international fintech competitions
and has been successfully deployed at a major domestic financial holding company to boost the productivity of relationship managers and investment research teams.

Vulcan

Vulcan is an international AI security brand focused on generative and agentic AI security, providing AI red-teaming and real-time runtime protection to help enterprises identify risks
such as prompt injection and data leakage. Vulcan has expanded across Taiwan, Hong Kong, Singapore, Thailand, and the Middle East, serving 10+ major domestic and international
commercial banks and financial holding companies, Global high-tech manufacturers, and government agencies. Its solutions are recognized in the OWASP Agentic AI Security Landscape
and hold Panel Tester status with Singapore’s AI Verify Foundation, helping financial, insurance, manufacturing, and government organizations build trustworthy, governable, compliance-
ready AI environments.

FINNOVATION HUB (Kaohsiung)

New Asset Horizons: Digital & Sustainable Finance

AI PASS LINE

Founded in 2024, AI Pass Line focuses on AI, avatars, voice tech, and AR/MR/XR applications. Built on an “AI × MR” core, the company delivers comprehensive smart solutions spanning
healthcare, education, customer service, AI agents, and digital-twin training. Leveraging AI knowledge management, its enterprise AI Agent platform, and Azure cloud technology, AI Pass
Line helps clients integrate systems and data to boost operational efficiency. With proven experience across medical, financial, retail, and education sectors, it delivers efficient, secure,
and human-centric intelligent services.

CyCatena
Technology

CyCatena Technology provides secure digital asset infrastructure for financial institutions and enterprises. Its core product, CyCatena Vault, enables secure and self-controlled management
of digital assets and stablecoins. With HSM-based key protection, multi-level approval, access control, transaction risk monitoring, and comprehensive audit trails, CyCatena Vault meets
institutional security and compliance requirements. Supporting both on-premises and private cloud deployment, it allows institutions to retain control of their private keys, transaction data,
and infrastructure while integrating seamlessly with existing banking and enterprise systems.

Eureka
FinTech TW
Limited

Eureka aims to be a pioneer in providing innovative market & credit analysis, KYC and ESG solutions to manufacturers and financial institutions across Asia via its comprehensive AI
services platform and bespoke consulting services. Eureka’s comprehensive platform integrates into one single platform big data, vendor databases and customers’ internal data by
utilizing AI and graph technologies. Eureka’s AI services platform provides users with information including market analysis, industry analysis, meeting minutes, credit report, ESG report
and compliance & sanction report systems to assist them in analyzing supply chains, green energy and business relationships.

Root
Intelligent
Tech

Root Intelligent Tech is dedicated to making professional financial planning more accessible through AI. Its services include intelligent financial health assessments, wealth succession and
estate and gift tax planning, AI-powered advisory tools for financial professionals, and green consumption applications. By combining data visualization, scenario simulation, and professional

knowledge retrieval, Root Intelligent Tech helps financial institutions, advisors, and individuals identify financial risks, evaluate planning options, and make informed decisions. 

Synstream
Pte Limited

Shinchuan Technology offers an enterprise-grade AI data orchestration platform for financial institutions, enabling rapid AI adoption without replacing existing core systems. The platform
integrates data orchestration, AI vision computing, on-premises small language models (SLMs), and multimodal RAG technology to support KYC/AML compliance monitoring, automated
regulatory reporting, wealth management, and enterprise AI agents, all backed by bank-grade governance, access control, and auditability to improve operational efficiency and data security.

Synstream is an enterprise AI data orchestration platform designed for financial institutions, enabling rapid AI adoption without replacing legacy systems. Powered by three core engines –
Data Orchestration, Visual Intelligence, and Enterprise On-Prem SLM & RAG – Synstream delivers specialized FinTech modules including KYC/AML automation, regulatory reporting,
and wealth management modernization. Featuring banking-grade data governance, full auditability, and hybrid/on-prem deployment, Synstream reduces false positives by ~85% and cuts
case resolution times by ~90%.

 

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IBM Announces Winner of Sports Tech Startup Prize Challenge at Web Summit Lisbon 2026

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LivXP has been selected from a global field of innovators advancing the future of sports through AI.

LISBON, Portugal, Nov. 12, 2026 /PRNewswire/ — IBM (NYSE: IBM) today announced LivXP as the winner of the IBM Sports Tech Startup Prize Challenge at Web Summit Lisbon, recognizing the company for its innovative use of agentic AI to transform how fans engage with their favorite teams, organizations, and leagues.

The challenge marks the culmination of the IBM Sports Tech Startup Challenge, a year-long global initiative created to identify and evaluate growth-stage startups building enterprise-ready technologies for sports organizations, teams, media companies, and fans. Launched at Web Summit Lisbon 2025, IBM has engaged founders through showcases at Web Summits in Vancouver, Rio de Janeiro, and Lisbon, alongside a16z Tech Weeks in New York and San Francisco, and in virtual forums. These showcase activities were designed to provide visibility and engagement opportunities and did not confer eligibility, ranking, priority, or advancement in the invitation-only Prize Challenge held this week. The invite-only challenge featured seven finalists selected from a broad field of sports technology innovators. Finalists pitched their solutions before a distinguished judging panel that included Sarah Meron, Chief Communications and Brand Officer, IBM; Marc Gené, Ferrari Ambassador, Scuderia Ferrari HP; Brad Smith, Headlines Anchor at CNN; and Frederico Gil, founder and CEO of FREDGIL Academy. 

LivXP, a Swiss-American company accelerated at the Harvard Innovation Labs, is an AI-powered impulse commerce infrastructure for sports: auctions, experiences, and sponsor activations that land at the fan’s emotional high. From the Tour de Suisse to Boston College Athletics, federations, clubs, international events, and U.S. college sports programs use its white-label platform to reach fans in 150 countries.

“We were incredibly impressed by both the technical innovation and practical application of LivXp’s solution,” said IBM Chief Communications and Brand officer Sarah Meron. “At IBM, we’re always looking for new ways AI can help our clients create more engaging, personalized experiences, and we see exciting potential for technologies like this to enhance the work we do alongside our global sports and entertainment partners.”

Upon being announced the winner, LivXP CEO and Co-Founder Ashima Saxena stated, “Every emotional moment in sport revenue is waiting to happen, and AI finally lets sports organizations capture it at scale, without adding staff. We’re proud to have won the IBM Sports Tech Startup Challenge, and we look forward to working with IBM’s Sports & Entertainment Partnerships Team to bring impulse commerce to more clubs, sponsors, and fans worldwide.”

The Lisbon finale capped a year-long series of startup showcases and judging sessions bringing together influential voices from sports, media, and venture capital, including Maria Sharapova, and representatives from a16z, USTA Ventures, Sony Ventures, Comcast Ventures, Maple Leaf Sports & Entertainment (MLSE), FIFA, and Powerhouse Capital.

Finalists

The seven startups participating in the 2026 IBM Sports Tech Startup Prize Challenge were:

Fanory – Fan intelligence platform transforming live sports experiences into memories, assets, and behavioral data.Neuron Systems – Multi agent AI platform for live sports and entertainment that generates real-time commentary, insights, and content for sports fans and creators.LivXP – Fan engagement marketplace that connects sports fans with exclusive experiences, auctions, and interactions with teams, athletes, and sports organizations.PressBox – AI-powered content platform that enables sports leagues, teams, and media organizations to create and personalize content and marketing.NTangible – Verbal cognitive assessment platform that measures how athletes perform under pressure.Proximity Works Inc. – AI engineering company that builds real-time intelligence and fan engagement systems for sports, media, and entertainment organizations.Noiz – Sports-matching platform making it easier to find courts, try new sports, and build player connections.

The Prize Challenge Grand Prize includes up to $100,000 to support an eligible proof-of-concept project with IBM’s Sports and Entertainment Partnership Team, subject to separate review and agreement requirements, up to $20,000 in IBM credits to be applied toward services and technology, mentorship opportunities, and evaluation opportunities described in the Official Rules.

About the IBM Sports Tech Startup Challenge

Launched in partnership with Web Summit, the IBM Sports Tech Startup Challenge is a global initiative designed to spotlight startups applying AI and other emerging technologies to solve challenges across the sports industry. Building on IBM Ventures’ mission to connect cutting-edge innovation with enterprise clients, the Challenge extends this approach to IBM’s sports portfolio, using our sports partnerships as a proving ground to showcase technologies with real-world potential for both the sports landscape and broader business applications. The 2026 program included startup showcases at Web Summit Vancouver, Rio, and Lisbon, events during a16z Tech Weeks in New York and San Francisco, and in virtual forms, culminating with the invite-only Prize Challenge at Web Summit Lisbon. These showcase activities provided opportunities for visibility and engagement but did not confer eligibility, ranking, priority, or advancement in the Prize Challenge.

About IBM in Sports

For more than 30 years, IBM has partnered with some of the world’s most iconic sports organizations, including Wimbledon, the US Open, the Masters Tournament, Scuderia Ferrari HP, and UFC. Together, IBM and its partners create AI-powered experiences designed to deliver deeper insights, smarter engagement, and richer digital experiences for sports fans around the globe.

About IBM Ventures

As the corporate venture capital arm of IBM, IBM Ventures invests in startups across enterprise AI and quantum software. A strategic investor, IBM Ventures works closely with startups and founders to bring innovative technologies into IBM and help drive value for IBM clients. Through IBM’s technology, expertise and global client network, IBM Ventures helps portfolio companies build strategic relationships and accelerate their growth.

Media Contact:

Rebeccah Propp

IBM

Rebeccah.Propp@ibm.com

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Green Answer Sheet | Drawing ecological priorities into power plant design

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ISKENDERUN, Türkiye, Nov. 12, 2026 /PRNewswire/ — A news report from China Daily:

How is a power plant’s environmental performance measured? At Iskenderun Bay in Türkiye, the answer from SPIC’s Hunutlu Power Plant is not a slogan but a design drawing, a construction halt during nesting season and a set of continuously monitored nest data.

On the beaches of Iskenderun Bay, from late spring to autumn each year, protected green sea turtles return to nest. Oğuz Türkozan, a local sea turtle protection expert, has monitored the core area for years. His assessment: the turtle population in the area remains stable, “which is inseparable from the local power plant’s conservation efforts.”

In recent years, Türkozan has recorded about 50 nests along more than a kilometer of coastline, nearly 10 more than before the plant was commissioned. In recent monitoring, the beach near the plant has recorded a high of more than 60 nests, indicating the nesting ground is in good ecological condition.

Shanghai Electric Power made maintaining the ecology of the nearby sea turtle reserve a precondition at the project planning and design stage. Zhang Qingbin, director of the Hunutlu Power Plant, said that at the beginning of construction design, under the guidance of local sea turtle experts, the nearby transport trestle and access roads were optimized into a long-span truss bridge, so that the turtle nesting area would not be affected.

Turtle protection was also incorporated into the plant’s entire construction and operation cycle. During nesting season, related operations nearby are voluntarily suspended and strong night lighting is controlled to ensure that nesting and hatchlings’ entry into the sea are not disturbed. Before each breeding season, the plant invites experts such as Türkozan to brief employees and organizes beach cleanups to create a better environment for hatchlings to reach the sea. These visible and participatory conservation actions also respond to local villagers’ environmental concerns and have helped the plant win growing local trust.

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