Technology
Travelzoo Reports Second Quarter 2024 Results
Published
2 years agoon
By
NEW YORK, July 25, 2024 /PRNewswire/ — Travelzoo® (NASDAQ: TZOO):
Revenue of $21.1 million, consistent year-over-yearConsolidated operating profit of $4.0 millionNon-GAAP consolidated operating profit of $4.8 millionCash flow from operations of $3.1 millionEarnings per share (EPS) of $0.23
Travelzoo, the club for travel enthusiasts, today announced financial results for the second quarter ended June 30, 2024. Consolidated revenue was $21.1 million, consistent year-over-year. In constant currencies, revenue was $21.2 million, up from $21.1 million year-over-year. Travelzoo’s reported revenue consists of advertising revenues and commissions, derived from and generated in connection with purchases made by Travelzoo members, and membership fees.
Net income attributable to Travelzoo was $2.9 million for Q2 2024, or $0.23 per share, compared with $0.17 in the prior-year period. Net income attributable to Travelzoo from continuing operations was $2.9 million for Q2 2024, or $0.23 per share, compared with $0.17 in the prior-year period.
Non-GAAP operating profit was $4.8 million. Non-GAAP operating profit excludes amortization of intangibles ($88,000), stock option expenses ($0.7 million) and severance-related expenses ($30,000). Please refer to “Non-GAAP Financial Measures” and the tabular reconciliation below.
“We will continue to leverage Travelzoo’s global reach, trusted brand, and strong relationships with top travel suppliers to negotiate more exclusive offers for members,” said Holger Bartel, Travelzoo’s Global CEO. “With more than 30 million members, 8 million mobile app users, and 4 million social media followers, Travelzoo is loved by travel enthusiasts who are affluent, active, and open to new experiences.”
Cash Position
As of June 30, 2024, consolidated cash, cash equivalents and restricted cash were $13.2 million. Net cash provided by operations was $3.1 million.
Travelzoo North America
North America business segment revenue remained consistent year-over-year at $14.1 million. Operating profit for Q2 2024 was $3.7 million, or 26% of revenue, compared to operating profit of $3.8 million in the prior-year period.
Travelzoo Europe
Europe business segment revenue increased 1% year-over-year to $6.0 million. In constant currencies, Europe business segment revenue increased 1% year-over-year. Operating profit for Q2 2024 was $512,000, or 9% of revenue, compared to operating loss of $239,000 in the prior-year period.
Jack’s Flight Club
Jack’s Flight Club is a membership subscription service in which Travelzoo has a 60% ownership interest. Revenue from unaffiliated customers increased 9% year-over-year to $1.1 million. The number of premium subscribers increased 19% year-over-year. Jack’s Flight Club’s revenue from subscriptions is recognized ratably over the subscription period (quarterly, semi-annually, annually). Non-GAAP operating profit for Q2 2024 was $25,000. Non-GAAP operating profit excludes amortization of intangibles ($59,000) related to the acquisition of Travelzoo’s ownership interest in Jack’s Flight Club in 2020.
New Initiatives
New Initiatives business segment revenue, which includes Licensing and Travelzoo META, was $23,000. Operating loss for Q2 2024 was $184,000.
In June 2020, Travelzoo entered into a royalty-bearing licensing agreement with a local licensee in Japan for the exclusive use of Travelzoo’s brand, business model, and members in Japan. In August of 2020, Travelzoo entered into a royalty-bearing licensing agreement with a local licensee in Australia for the exclusive use of Travelzoo’s brand, business models, and members in Australia, New Zealand, and Singapore. Under these arrangements, Travelzoo’s existing members in Australia, Japan, New Zealand, and Singapore will continue to be owned by Travelzoo as the licensor. Travelzoo recorded $7,000 in licensing revenue from the licensee in Japan in Q2 2024. Travelzoo recorded $11,000 in licensing revenue from the licensee in Australia, New Zealand, and Singapore in Q2 2024. Licensing revenue is expected to increase going forward.
Members and Subscribers
As of June 30, 2024, we had 30.8 million members worldwide, consistent with June 30, 2023. In North America, Travelzoo had 16.1 million unduplicated members as of June 30, 2024, down from 16.2 million as of June 30, 2023. In Europe, Travelzoo had 9.2 million unduplicated members as of June 30, 2024, consistent with June 30, 2023. Jack’s Flight Club had 2.2 million subscribers, including premium subscribers, as of June 30, 2024, consistent with June 30, 2023.
Discontinued Operations
In March 2020, Travelzoo decided to exit its Asia Pacific business and operate it as a licensing business going forward. Consequently, the Asia Pacific business has been classified as discontinued operations.
Income Taxes
A provision of $1.3 million for income taxes was recorded for Q2 2024, compared to an income tax expense of $1.1 million in the prior-year period. Travelzoo intends to utilize available net operating losses (NOLs) to largely offset its actual tax liability for Q2 2024.
Share Repurchase Program
During Q2 2024, the Company repurchased 800,000 of its outstanding common stock.
Looking Ahead
For Q3 2024, we expect growth in revenue year-over-year, albeit at a smaller pace than in 2023. However, there could be unexpected fluctuations. We also expect for Q3 2024 higher profitability year-over-year. For 2025, we expect substantial growth in revenue as a result of additional revenue from membership fees.
In December 2023, we announced the introduction of a membership fee for Travelzoo beginning January 1, 2024. We recognize membership fee revenue ratably over the subscription period. Legacy Travelzoo members as of December 31, 2023, which represent more than 95% of members, are exempt from the fee during 2024. Therefore, we do not anticipate membership fee revenue from these members before 2025.
Non-GAAP Financial Measures
Management calculates non-GAAP operating income when evaluating the financial performance of the business. Travelzoo’s calculation of non-GAAP operating income, also called “non-GAAP operating profit” in this press release and today’s earnings conference call, excludes the following items: amortization of intangibles, stock option expenses and severance-related expenses. This press release includes a table which reconciles GAAP operating income to the calculation of non-GAAP operating income. Non-GAAP operating income is not required by, or presented in accordance with, generally accepted accounting principles in the United States of America (“GAAP”). This information should be considered as supplemental in nature and should not be considered in isolation or as a substitute for the financial information prepared in accordance with GAAP. In addition, these non-GAAP financial measures may not be the same as similarly titled measures reported by other companies.
Conference Call
Travelzoo will host a conference call to discuss second quarter 2024 results today at 11:00 a.m. ET. Please visit http://ir.travelzoo.com/events-presentations to
download the management presentation (PDF format) to be discussed in the conference callaccess the webcast
About Travelzoo
We, Travelzoo®, are the club for travel enthusiasts. Our 30 million members receive exclusive offers and one-of-a-kind experiences personally reviewed by our deal experts around the globe. We have our finger on the pulse of outstanding travel, entertainment, and lifestyle experiences. We work in partnership with more than 5,000 top travel suppliers—our long-standing relationships give Travelzoo members access to irresistible deals.
Certain statements contained in this press release that are not historical facts may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward-looking statements may include, but are not limited to, statements about our plans, objectives, expectations, prospects and intentions, markets in which we participate and other statements contained in this press release that are not historical facts. When used in this press release, the words “expect”, “predict”, “project”, “anticipate”, “believe”, “estimate”, “intend”, “plan”, “seek” and similar expressions are generally intended to identify forward-looking statements. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements, including changes in our plans, objectives, expectations, prospects and intentions and other factors discussed in our filings with the SEC. We cannot guarantee any future levels of activity, performance or achievements. Travelzoo undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Travelzoo
Condensed Consolidated Statements of Operations
(Unaudited)
(In thousands, except per share amounts)
Three months ended
Six months ended
June 30,
June 30,
2024
2023
2024
2023
Revenues
$ 21,141
$ 21,128
$ 43,126
$ 42,729
Cost of revenues
2,520
2,880
5,160
5,571
Gross profit
18,621
18,248
37,966
37,158
Operating expenses:
Sales and marketing
9,386
10,142
17,984
19,438
Product development
603
518
1,169
1,008
General and administrative
4,621
4,315
9,211
8,728
Total operating expenses
14,610
14,975
28,364
29,174
Operating income
4,011
3,273
9,602
7,984
Other income, net
176
479
315
829
Income from continuing operations before income taxes
4,187
3,752
9,917
8,813
Income tax expense
1,267
1,091
2,772
2,469
Income from continuing operations
2,920
2,661
7,145
6,344
Income from discontinued operations, net of tax
—
2
—
—
Net income
2,920
2,663
7,145
6,344
Net income (loss) attributable to non-controlling interest
(7)
37
(18)
45
Net income attributable to Travelzoo
$ 2,927
$ 2,626
$ 7,163
$ 6,299
Net income attributable to Travelzoo—continuing operations
$ 2,927
$ 2,624
$ 7,163
$ 6,299
Net income attributable to Travelzoo—discontinued operations
$ —
$ 2
$ —
$ —
Income per share—basic
Continuing operations
$ 0.23
$ 0.17
$ 0.54
$ 0.41
Discontinued operations
$ —
$ —
$ —
$ —
Net income per share—basic
$ 0.23
$ 0.17
$ 0.54
$ 0.41
Income per share—diluted
Continuing operations
$ 0.23
$ 0.17
$ 0.54
$ 0.40
Discontinued operations
$ —
$ —
$ —
$ —
Net income per share—diluted
$ 0.23
$ 0.17
$ 0.54
$ 0.40
Shares used in per share calculation from continuing operations—basic
12,895
15,275
13,191
15,485
Shares used in per share calculation from discontinued operations—basic
12,895
15,275
13,191
15,485
Shares used in per share calculation from continuing operations—diluted
12,976
15,337
13,300
15,557
Shares used in per share calculation from discontinued operations—diluted
12,976
15,337
13,300
15,557
Travelzoo
Condensed Consolidated Balance Sheets
(Unaudited)
(In thousands)
June 30,
2024
December 31,
2023
Assets
Current assets:
Cash and cash equivalents
$ 12,567
$ 15,713
Accounts receivable, net
13,220
12,965
Prepaid income taxes
998
629
Prepaid expenses and other
1,726
1,461
Total current assets
28,511
30,768
Deposits and other
223
1,115
Deferred tax assets
3,102
3,196
Restricted cash
675
675
Operating lease right-of-use assets
5,873
6,015
Property and equipment, net
499
578
Intangible assets, net
1,686
2,091
Goodwill
10,944
10,944
Total assets
$ 51,513
$ 55,382
Liabilities and Equity
Current liabilities:
Accounts payable
$ 5,212
$ 4,546
Merchant payables
16,708
20,622
Accrued expenses and other
4,217
3,658
Deferred revenue
3,207
2,044
Income tax payable
1,070
766
Operating lease liabilities
2,389
2,530
Liabilities from discontinued operations
24
24
Total current liabilities
32,827
34,190
Long-term tax liabilities
6,323
4,681
Long-term operating lease liabilities
6,342
6,717
Other long-term liabilities
376
911
Total liabilities
45,868
46,499
Common stock
124
136
Tax indemnification
(9,537)
(9,537)
Note receivable from shareholder
(1,753)
(1,753)
Additional paid-in capital
—
439
Retained earnings
17,083
19,508
Accumulated other comprehensive loss
(4,951)
(4,607)
Total Travelzoo stockholders’ equity
966
4,186
Non-controlling interest
4,679
4,697
Total stockholder’s equity
5,645
8,883
Total liabilities and equity
$ 51,513
$ 55,382
Travelzoo
Condensed Consolidated Statements of Cash Flows
(Unaudited)
(In thousands)
Three months ended
Six months ended
June 30,
June 30,
2024
2023
2024
2023
Cash flows from operating activities:
Net income
$ 2,920
$ 2,663
$ 7,145
$ 6,344
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
175
467
558
945
Stock-based compensation
688
432
783
828
Deferred income tax
(12)
30
(27)
(38)
Loss on long-lived assets
—
10
—
10
Net foreign currency effects
(14)
(36)
(11)
(33)
Provision of loss (net recoveries) on accounts receivable and refund reserves
26
(117)
(7)
(829)
Changes in operating assets and liabilities:
Accounts receivable
(150)
3,516
(385)
3,888
Prepaid income taxes
(390)
610
(327)
1,017
Prepaid expenses, deposits and other
(49)
2,325
533
2,485
Accounts payable
(295)
(1,072)
713
(2,393)
Merchant payables
(1,101)
(4,013)
(3,779)
(8,604)
Accrued expenses and other
478
(534)
1,450
377
Income tax payable
224
234
278
234
Other liabilities
556
600
753
1,419
Net cash provided by operating activities
3,056
5,115
7,677
5,650
Cash flows from investing activities:
Proceeds from repayment of note receivable
—
74
—
113
Purchases of property and equipment
(48)
(46)
(83)
(157)
Net cash provided by (used in) investing activities
(48)
28
(83)
(44)
Cash flows from financing activities:
Repurchase of common stock
(6,557)
(4,684)
(10,429)
(4,870)
Exercise of stock options and taxes paid for net share settlement of equity awards
—
(299)
—
(299)
Net cash used in financing activities
(6,557)
(4,983)
(10,429)
(5,169)
Effect of exchange rate on cash, cash equivalents and restricted cash
(73)
211
(311)
382
Net increase (decrease) in cash, cash equivalents and restricted cash
(3,622)
371
(3,146)
819
Cash, cash equivalents and restricted cash at beginning of period
16,865
19,826
16,389
19,378
Cash, cash equivalents and restricted cash at end of period
$ 13,243
$ 20,197
$ 13,243
$ 20,197
Travelzoo
Segment Information from Continuing Operations
(Unaudited)
(In thousands)
Three months ended June 30, 2024
Travelzoo North
America
Travelzoo
Europe
Jack’s
Flight Club
New
Initiatives
Consolidated
Revenues from unaffiliated customers
$ 14,015
$ 6,004
$ 1,099
$ 23
$ 21,141
Intersegment revenues
119
(53)
(66)
—
—
Total net revenues
14,134
5,951
1,033
23
21,141
Operating profit (loss)
$ 3,717
$ 512
$ (34)
$ (184)
$ 4,011
Three months ended June 30, 2023
Travelzoo North
America
Travelzoo
Europe
Jack’s
Flight Club
New
Initiatives
Consolidated
Revenues from unaffiliated customers
$ 13,642
$ 6,462
$ 1,011
$ 13
$ 21,128
Intersegment revenues
491
(575)
84
—
—
Total net revenues
14,133
5,887
1,095
13
21,128
Operating profit (loss)
$ 3,753
$ (239)
$ 97
$ (338)
$ 3,273
Six months ended June 30,
2024
Travelzoo North
America
Travelzoo
Europe
Jack’s
Flight Club
New
Initiatives
Consolidated
Revenues from unaffiliated customers
$ 28,288
$ 12,584
$ 2,199
$ 55
$ 43,126
Intersegment revenues
74
29
(103)
—
—
Total net revenues
28,362
12,613
2,096
55
43,126
Operating profit (loss)
$ 8,155
$ 1,894
$ (133)
$ (314)
$ 9,602
Six months ended June 30,
2023
Travelzoo North
America
Travelzoo Europe
Jack’s Flight Club
New Initiatives
Consolidated
Revenues from unaffiliated customers
$ 28,209
$ 12,540
$ 1,959
$ 21
$ 42,729
Intersegment revenues
682
(766)
84
—
—
Total net revenues
28,891
11,774
2,043
21
42,729
Operating profit (loss)
$ 8,269
$ 218
$ 52
$ (555)
$ 7,984
Travelzoo
Reconciliation of GAAP to Non-GAAP Information
(Unaudited)
(In thousands, except per share amounts)
Three months ended
Six months ended
June 30,
June 30,
2024
2023
2024
2023
GAAP operating expense
$ 14,610
$ 14,975
$ 28,364
$ 29,174
Non-GAAP adjustments:
Amortization of intangibles (A)
88
389
405
787
Stock option expenses (B)
688
431
783
827
Severance-related expenses (C)
30
56
30
95
Non-GAAP operating expense
13,804
14,099
27,146
27,465
GAAP operating profit
4,011
3,273
9,602
7,984
Non-GAAP adjustments (A through C)
806
876
1,218
1,709
Non-GAAP operating profit
4,817
4,149
10,820
9,693
Media Contact:
Investor Relations:
ir@travelzoo.com
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SOURCE Travelzoo
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Baidu appreciates the continued support of its shareholders and investors and remains committed to driving sustainable growth and creating long-term value for shareholders.
About the Shenzhen-Hong Kong Stock Connect
The Shenzhen-Hong Kong Stock Connect is a mutual stock market access mechanism between the Chinese Mainland and Hong Kong under which the Shenzhen Stock Exchange and the Hong Kong Stock Exchange have established technical connectivity to enable investors in the Chinese Mainland and Hong Kong to trade eligible shares listed on the other’s market through their local securities companies or brokers.
About the Shanghai-Hong Kong Stock Connect
The Shanghai-Hong Kong Stock Connect established a two-way trading link between the Shanghai Stock Exchange and the Hong Kong Stock Exchange. The stock connect allows qualified Chinese Mainland investors to access eligible Hong Kong shares (Southbound) as well as Hong Kong and overseas investors to trade eligible A-shares (Northbound), subject to a certain amount of daily quota.
About Baidu
Founded in 2000, Baidu’s mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on Nasdaq under “BIDU” and HKEX under “9888”. One Baidu ADS represents eight Class A ordinary shares.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, Baidu’s and other parties’ strategic and operational plans, contain forward-looking statements. Baidu may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in announcements made on the website of the Hong Kong Stock Exchange, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Baidu’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Baidu’s growth strategies; its future business development, including development of new products and services; its ability to attract and retain users and customers; competition in the Chinese Internet search and newsfeed market; competition for online marketing customers; changes in the Company’s revenues and certain cost or expense items as a percentage of its revenues; the outcome of ongoing, or any future, litigation or arbitration, including those relating to intellectual property rights; the expected growth of the Chinese-language Internet search and newsfeed market and the number of Internet and broadband users in China; Chinese governmental policies relating to the Internet and Internet search providers, and general economic conditions in China and elsewhere. Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and other documents filed with the Securities and Exchange Commission, and announcements on the website of the Hong Kong Stock Exchange. Baidu does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of the press release, and Baidu undertakes no duty to update such information, except as required under applicable law.
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People See One Brand. The Internet May Show Them Hundreds More.
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The inaugural ONESECURE’s The State of Digital Trust in Singapore 2026 found that each reference organisation domain was associated with a median of 151 similar-looking domains across the public internet. The study analysed 120,702 distinct lookalike domains associated with 448 reference organisation domains and found that 82% had observable internet or email infrastructure, or both. While this does not indicate malicious activity, it demonstrates how external identities can possess the technical characteristics needed to establish an online presence that people may encounter and interact with.
While organisations typically have visibility over the websites, systems and accounts they own, customers, employees and members of the public make trust decisions based on what they encounter online. Similar-looking identities can exist beyond those organisational boundaries, creating a broader challenge around how trust is recognised, monitored and governed.
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The report found external identity exposure across multiple sectors, including financial services, healthcare, education, public services, transportation and information services, suggesting the issue is not confined to any single industry.
While the findings are drawn from a Singapore-focused dataset, the underlying question is relevant wherever people rely on digital identities to access services, conduct transactions and engage with organisations online regardless of geography.
Understanding and monitoring that broader identity landscape may become an important part of how organisations safeguard trust, protect reputation and fulfil their responsibilities to the people they serve.
If Singapore’s benchmark is 151 distinct lookalike domains per organisation, what could yours be? The question is not simply what your organisation owns, but whether you understand the wider identity landscape that exists around it.
Download the full ONESECURE’s The State of Digital Trust in Singapore 2026 report.
About ONESECURE Asia
ONESECURE Asia, headquartered in Singapore, is a managed security services provider helping organisations strengthen security and resilience as digital risks evolve. Its capabilities span managed security operations and Webyith, a digital trust platform designed to protect the integrity and authenticity of digital environments. Bringing together technology, intelligence and human expertise, we serve as a trusted and accountable partner in addressing critical security gaps across Asia.
Visit www.onesecureasia.com
About This Report
The State of Digital Trust in Singapore 2026 examines observable external digital identity exposure across 448 Singapore-focused reference organisation domains as of August 2026.
The analysis covers 144,134 observed domain records, representing 120,702 distinct lookalike domains after exact self-domain records were excluded. It assesses domain registration, DNS resolution, mail-routing configuration and supporting infrastructure patterns.
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The findings represent a Singapore-focused, point-in-time baseline, not a population-wide survey or measure of confirmed malicious activity. Lookalike volumes may be influenced by reference-domain characteristics and study methodology; comparisons should not be interpreted as rankings of malicious activity or security performance.
The study provides a basis for organisations to better understand, prioritise and govern external digital identity exposure beyond environments they directly control.
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The forum will bring together 40 speakers from regulators, banks and fintech firms across Asia, and is expected to draw 1,000 delegates. Remi Technology, the Singapore-headquartered cross-border settlement provider, joins as title sponsor.
Convening under the theme “Architecting Asia’s Financial Frontier: AI, Digital Assets, and Inclusive Banking,” the forum is RFI’s first flagship event outside Singapore. The choice of Kuala Lumpur is deliberate: Malaysia is licensing a new generation of digital banks while ASEAN member states negotiate the Digital Economy Framework Agreement (DEFA), and the forum’s regulatory track is built around that gap between national rulemaking and regional interoperability.
Confirmed speakers include Mohammad Ridzuan Abdul Aziz, Chief Executive Officer of Aeon Bank; Aaron Tang, General Manager of Luno Malaysia; Kenneth Chan, Chief Executive Officer of Webull Malaysia; Victoria Wymark of PwC South East Asia; and Affendi Rashdi, Director-General, and Ja’afar Rihan, Head of Islamic Business Development at Labuan Financial Services Authority. The full roster of the speakers is published at https://asiafintech.org/#speakers.
“Asia is writing the rules for digital finance faster than any other region, and it is writing them in several places at once — a stablecoin framework in Hong Kong, digital banking licences in Malaysia, payment corridors out of Singapore,” said Chia Hock Lai, Chairman of RFI. “The risk is not that innovation outpaces regulation. The risk is that a dozen regulators solve the same problem a dozen different ways, and the cost of that lands on consumers and on any firm trying to operate across borders. We chose Kuala Lumpur for our first forum because that conversation has to happen where the market is growing, not only where the rules are already written.”
Main-stage sessions, hands-on workshops, and closed-door roundtables span:
ASEAN fintech and the Digital Economy Framework Agreement (DEFA)Agentic AI in financial servicesStablecoin clearing, settlement and cross-border paymentsIslamic fintech and digital bankingReal-world asset (RWA) tokenisation and its legal frameworksPost-Quantum Cryptography (PQC) migration and defense strategies for banksStrategic fintech branding, positioning, and market communicationGovernance standards and institutional frameworks for permissionless blockchains in APAC (Project Pigeon)Digital banks and financial inclusion
“Banks do not need another payment rail that routes around them. They need settlement infrastructure that runs inside their own compliance perimeter,” said Sam Su, Chief Executive Officer and Co-Founder of Remi Technology. “That argument only gets properly tested in a room that has regulators and bank treasurers in it, not just builders. That is why we are title sponsor: this is one of the few forums in the region that puts all three on the same agenda on the same day.”
“Malaysia has long flown under the radar in regional fintech, and hosting this forum in Kuala Lumpur—with the backing of regional regulators and industry leaders—signals its coming of age,” said Farah Jaafar, Co-Chair of the organising committee, Independent Non-Executive Director of Webull Securities (Malaysia), and Co-Chair of the Women in Fintech group within the Asia Fintech Alliance. “We built this agenda for practitioners, not the conference circuit. Malaysia brings critical pillars the regional dialogue needs: a mature Islamic finance ecosystem and proactive regulators willing to give digital models room to scale.”
“Real-world asset tokenisation and next-generation capital markets cannot scale in silos; they require shared liquidity, robust custody, and cross-border regulatory clarity,” said Calvin Ng, Chairman of NexStox. “As both strategic partner and venue sponsor, NexStox is proud to anchor this dialogue at the World Trade Centre Kuala Lumpur. The Asia Fintech Forum provides the institutional bridge APAC needs to transition tokenised assets and digital market infrastructure from pilot concepts into live capital deployment.”
NexStox, RegTank, Sumsub and VerifyVASP join as sponsors.
Supporting partners include the Labuan Financial Services Authority (LFSA), International Digital Economics Association (IDEA), the Digital Assets Association (DAA), Thailand Fintech Association (TFA), Fintech Philippines Association (FPA), Hong Kong Fintech Industry Association (HKFTA), Unified Fintech Forum (India), ACCESS Malaysia, Fintech Association of Malaysia (FAOM) and Taiwan Fintech Space.
Registration is now open at https://asiafintech.org/. Exhibition packages and speaker nomination forms are available on the same site.
Media accreditation: Journalists may request onsite access, interview slots with RFI and sponsor spokespeople, and the full press kit (logos, speaker headshots, agenda) from the contact below.
About Responsible Fintech Institute
The Responsible Fintech Institute (RFI) is a global nonprofit organisation based in Singapore. Its goal is to create a safe, trustworthy and reliable future for digital finance by building the digital utilities that support responsible innovation. RFI brings together public and private sector stakeholders to help build the rules and technology needed for new digital financial tools, and to make the digital asset sector sustainable and inclusive. Learn more at responsiblefintech.org.
About Remi Technology
Remi Technology is a Singapore-based fintech company that delivers stablecoin clearing and settlement infrastructures for banks and financial institutions worldwide. Find us at www.remitech.ai or www.linkedin.com/company/remi-tech.
View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/asia-fintech-forum-2026-to-convene-regulators-bankers-and-fintech-leaders-in-kuala-lumpur-on-2-october-302870789.html
SOURCE Responsible Fintech Institute (RFI)
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