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Fintactics Announces New Strategic Partnership with Ethos Invest and Arbah Capital to Invest in Early Stage FinTech Businesses

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Fintactics, a Saudi based, leading venture builder specializing in financial technology, today announced a new strategic partnership with Ethos Invest, a global investment firm, and Arbah Capital, a prominent investment firm licenced by the Capital Market Authority (CMA) in Saudi Arabia in relation to its Fintactics Financial Technology Fund.

RIYADH, Saudi Arabia, Sept. 4, 2024 /PRNewswire-PRWeb/ — Fintactics, a Saudi based, leading venture builder specializing in financial technology, today announced a new strategic partnership with Ethos Invest, a global investment firm, and Arbah Capital, a prominent investment firm licenced by the Capital Market Authority (CMA) in Saudi Arabia in relation to its Fintactics Financial Technology Fund.

The fund, targeting $40 million (150M SAR) in commitments and managed by Arbah Capital, aims to make Shariah-compliant investments in early-stage FinTech companies primarily in the Kingdom, but also in the Middle East and the rest of the world.

This collaborative effort marks a significant milestone in fostering innovation within the Saudi financial services industry and leverages the expertise of each organization: Fintactics’ proven track record in building successful ventures in the country, Ethos Invest’s global investment expertise, and Arbah Capital’s deep understanding of the regional financial landscape.

The fund, targeting $40 million (150M SAR) in commitments and managed by Arbah Capital, aims to make Shariah-compliant investments in early-stage FinTech companies primarily in the Kingdom, but also in the Middle East and the rest of the world. The targeted fundraising would put the fund at the forefront of private venture capital funds in Saudi Arabia, in terms of size.

The partnership signifies increasing global confidence in startups in the Kingdom. Saudi Arabia has rapidly become a leading hub in the FinTech industry and for venture capital in the region, ranking first across MENA for total venture capital funding in the first half of 20241. This significant growth can be seen in light of efforts taken under Vision 2030 to develop Saudi’s venture capital ecosystem.

Early Investments Showcase Commitment to Supporting Innovative Founders

The team are already engaging actively with startups in the venture capital ecosystem and have built a strong pipeline of deal opportunities in the Kingdom and globally.

Several investment opportunities have been secured for the fund and it is envisaged that capital will be deployed into a number of exciting FinTech businesses later this year.

Building a Thriving Ecosystem

“We are delighted to announce this new strategic partnership with Ethos Invest, which is a real vote of confidence in the burgeoning Saudi FinTech sector,” said Haitham Alsahfy, Co-Founder & CEO of Fintactics. “It underscores the immense potential of the FinTech sector and our commitment to backing innovative companies that are reshaping the financial landscape in the region and globally.”

“By combining Fintactics’ venture building capabilities with Ethos Invest’s global reach and Arbah Capital’s regional expertise, we are uniquely positioned to identify and nurture the next generation of financial services leaders.”

Kevin Cunningham, Partner at Ethos Invest, added, “By combining Fintactics’ venture building capabilities with Ethos Invest’s expertise and Arbah Capital’s regional knowledge, we are uniquely positioned to identify and nurture the next generation of financial services leaders in Saudi Arabia. The fund aligns with our broader mission to help build new businesses that leverage cutting edge financial and technology solutions to make people’s lives better.”

Waleed Al-Rashdan, CEO of Arbah Capital, concluded, “This fund represents a strategic investment in the future of finance. We are excited to collaborate with Fintactics and Ethos Invest and join forces in fostering a vibrant FinTech ecosystem in Saudi Arabia and beyond. We are confident that our collaboration will unlock tremendous opportunities for regional and global financial innovation.”

About Fintactics Ventures

Fintactics Ventures, headquartered in Riyadh, Saudi Arabia, is a premier fintech dedicated VC fund and venture studio with a vision to redefine the future financial landscape. This venture-building entity is dedicated to fostering, propelling, and investing in innovative startups not just in Saudi Arabia but extending to the broader MENA region and Globally. Through its endeavors, Fintactics cultivates a technologically-driven ecosystem, significantly advancing growth both on a regional and local scale.

About Ethos Group

Ethos Invest is part of the Ethos Group whose mission is to build a digital ecosystem of ethical financial service firms that solve the values- and faith-based compromises made by millions of customers globally, improving their financial wellbeing in the process. The Ethos Group and its subsidiaries, is currently undergoing a rebranding process, and will have a new name in due course.

About Arbah Capital

Arbah Capital is the First Islamic Boutique Investment firm in Eastern Region of Kingdom of Saudi Arabia, and thus embarked on an ambitious and visionary mission to provide investment solutions to their investors.

1 H1 2024 Saudi Arabia Venture Capital Report. MAGNiTT Report, Sponsored by SVC

Media Contact

Jessica Joyce, PR Novo LLC, 1 (325) 221-3634, hello@prnovo.com, https://prnovo.com 

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SOURCE Fintactics Ventures

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IBC 2024: How TVU Changed the Broadcasting Industry in 2024

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CUPERTINO, California, Sept. 11, 2024 /PRNewswire/ — “We are not just providing tools; we’re partnering with broadcasters to transform their live production possibilities,” said Paul Shen, CEO of TVU Networks. “Our vision is to empower our partners with the agility they need to adapt to the ever-changing demands of their audiences. Together, we’re shaping the future of live broadcasting that produces real results today.”

At IBC 2024, TVU Networks, a global leader in IP-based live video solutions, will showcase its latest innovations that are transforming the broadcasting industry. CEO Paul Shen highlights TVU’s collaborative approach with broadcasters to expand live production capabilities and meet evolving audience demands.

TVU’s microservices-based engineering philosophy enables broadcasters to create dynamic workflows that seamlessly integrate with existing infrastructures. This approach has facilitated groundbreaking achievements, such as the BBC’s management of 369 simultaneous live feeds during the UK Election.

In 2024, TVU introduced a versatile disaster recovery solution, providing critical backup for major live productions. The company also enhanced remote collaboration through its universal communication solution, integrating field packs with the cloud-based TVU Partyline.

TVU’s award-winning MediaHub allows broadcasters to ingest unlimited sources into the TVU ecosystem, while flexible Agent deployment optimizes resource management. Since 2019, TVU has been incorporating AI into media workflows, streamlining tasks and expanding coverage capabilities with key solutions like TVU Search.

A standout innovation is TVU’s Network Operations Center (NOC), offering unparalleled visibility into cloud, on-premise, and hybrid media supply chains. The NOC provides a comprehensive view of the entire media ecosystem, enabling real-time monitoring and management, quick issue resolution, and optimized resource allocation across various environments.

The NOC’s intuitive interface allows operators to navigate complex media workflows easily, providing detailed insights into each component’s status and performance. This visibility empowers broadcasters to make data-driven decisions, improve operational efficiency, and ensure seamless content delivery.

By leveraging cutting-edge technologies such as cloud computing, AI, and 5G, TVU Networks is revolutionizing the broadcasting industry with adaptive solutions for the ever-changing media landscape. IBC 2024 attendees will experience firsthand how TVU’s end-to-end ecosystem of cloud-based solutions is shaping the future of the media supply chain.

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View original content:https://www.prnewswire.com/in/news-releases/ibc-2024-how-tvu-changed-the-broadcasting-industry-in-2024-302243209.html

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UPES Announces Launch of Executive Education Program on ESG, Sustainability and Impact

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NEW DELHI, Sept. 11, 2024 /PRNewswire/ — UPES, in collaboration with Mahindra University and Aspire Impact, announced the launch of the ESG, Sustainability, and Impact Specialist Program (ISP), an Executive Education initiative designed to cultivate the next generation of Chief Impact Officers. This innovative program aims to equip professionals with the skills necessary to lead their organisations in achieving Net Zero transitions, Carbon Neutrality, and Circularity, while optimising the balance between Risk, Return, and Impact.

The Impact Specialist Program (ISP) has been meticulously crafted to provide a comprehensive learning experience through 20 thematic sessions, more than 50 caselets, and 4 detailed global and Indian case studies. The curriculum is designed to impart practical skills that will enable participants to design, build, scale and manage impact across various sectors, including Corporations, Banks, Financial Institutions, and Non-Profits. It seeks to develop a cadre of professionals equipped to handle the growing demand for sustainability and impact leadership across industries.

The ISP is structured as a 4-day, 32-hour in-person program spread over two parts. Part A will be held at UPES in Dehradun from September 19 to 21, 2024, and Part B will take place at Mahindra University in Hyderabad from November 28 to 30, 2024. The ISP will be delivered at the RISE Centre (Research on Impact, Sustainability, and ESG), a joint initiative between UPES and Aspire Impact, that is set to be inaugurated on September 21, 2024. The Centre is dedicated to advancing research and education in sustainability and ESG impact.

The ISP is designed for senior and mid-level professionals aged 35-60 years, who are passionate about social and environmental impact, including corporate executives in ESG, sustainability, risk, and impact roles; professionals in banking, finance, and investment focused on impact investing; CSR and policy development experts; foundation and aid agency executives; and those looking to enter the impact sector.

The program will feature an esteemed panel of experts, such as Dr. Anirban Ghosh, Head of the Centre for Sustainability at Mahindra University and former Chief Sustainability Officer at Mahindra Group, and Amit Bhatia, Founder & CEO of Aspire Impact and former CEO of several leading organisations. Notable speakers will include Corey Glickman, Founder of Greenman Black; Anju Singh, Professor at IIM Mumbai; Prarthana Borah, Vice President of Sustainability at Momentum India; and Kieron Boyle, CEO of the UK’s Impact Investing Institute.

Dr. Ram Sharma, Vice Chancellor of UPES, expressed his enthusiasm, stating, “At UPES, we are committed to being a hub for innovation and research, and the launch of the RISE Centre marks a significant step in this direction. The RISE Centre will drive impactful solutions for sustainability and ESG challenges, leading our efforts on climate change and sustainable development. We are excited to partner with Aspire Circle for the RISE Centre and Mahindra University for the Impact Specialist Programme (ISP), as we share a common vision of creating a future where economic growth is aligned with environmental responsibility. Together we aim to equip professionals with the skills to drive meaningful change in their organisations and communities.”

Amit Bhatia, Founder & CEO, Aspire Impact, said, “We took 4+ years to put together this program, to prepare leaders for the imminent Impact Economy and future Chief Impact Officers. We believe that the Chief Impact Officers need their rightful place in the C-Suite, own the ESG, Sustainability & Impact agendas, own the NetZero transition, Carbon Neutrality targets and Circularity mission; and lead Risk-Return-Impact optimization for the company.” 

Dr. Anirban Ghosh, Professor and Head Centre for Sustainability, Mahindra University said, “India is at a critical juncture where the need for ESG, sustainability, and impact leadership is more pressing than ever. As we navigate the complex challenges of climate change, social equity, and responsible governance, it is essential to cultivate a cadre of leaders and specialists who can drive meaningful change. This program is designed to equip professionals with the skills and insights needed to lead in these areas, ensuring that India is not only a participant but a leader in the global sustainability movement. Mahindra University is proud to partner in offering this course.”

The ISP enables participants to redesign business systems for positive impact, manage impact throughout the value chain, and scale initiatives. They will also learn to lead impact assessment, reporting, and governance, becoming leaders in impact science. Enrolment for the inaugural cohort is now open. Senior and mid-level professionals interested may register now.

About UPES:
Established through the UPES Act, 2003, of the State Legislature of Uttarakhand, UPES is a top-ranked, UGC-recognised, private university. As per the National Institutional Ranking Framework (NIRF) 2024, the Ministry of Education, Government of India, UPES has been ranked 46 among universities, with a rank of 28 in Law, a rank of 41 in Management and a rank of 42 in Engineering. In addition to this, the university has been ranked the No. 1 private university in academic reputation in India by the QS World University Rankings 2024. It is among the top 3% of universities in the world. UPES has also been accredited by NAAC with a grade ‘A’ and has received 5 stars on Employability (placements), by globally acclaimed QS Rating. The university has had 100% placements over the last five years. Forty-two (42) faculty members of UPES are among the world’s top 2% researchers as per Stanford University list.

UPES offers graduate and postgraduate programs through its seven schools: School of Advanced Engineering, School of Computer Science, School of Design, School of Law, School of Business, School of Health Sciences & Technology and School of Liberal Studies and Media with 14000+ students and 1500+ faculty and staff members.

About Aspire Impact:
Aspire Impact is Global South’s first standards-based Impact Measurement, Rating & Certification initiative. It’s 4P (Product, People, Planet & Policy) Impact Assessment Framework to assess Corporations, BFSI, and CSR/Non-Profits uses 40 market-validated Impact Standards and 150+ Key Performance Indicators, to award Green, Silver, Gold and Platinum Leaf ratings, enabling sector-agnostic Impact Comparables. Since April 2020, Aspire Impact has served over 30 clients, over 50 projects, clocking over 100,000 client hours. Aspire Impact’s SaaS platform, IKOOWorld, for DIY or assured ESG, Sustainability & Impact Assessments, will be beta-released in Q2, 2024, with comparable benchmarking data for over 1000 organisations.

About Mahindra University:
Mahindra University is a multidisciplinary institution in India committed to nurturing future leaders. Its curriculum combines academic rigour with industry relevance, focusing on engineering, business, and law. With a strong emphasis on experiential learning, it offers industry internships, global immersion programs, and research opportunities, fostering holistic development and innovation.

View original content:https://www.prnewswire.com/in/news-releases/upes-announces-launch-of-executive-education-program-on-esg-sustainability-and-impact-302244013.html

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Assembly Strengthens India Scale with In-Market Client Growth Team

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The Stagwell (STGW) agency unveils its new Bangalore office, with Lenovo, Fossil and Estée Lauder serving as its founding clients.  

BANGALORE, India, Sept. 11, 2024 /PRNewswire/ — Global omnichannel media agency, Assembly, opens its first India-based front office as part of the agency’s expansion strategy in South Asia. Spearheading the operations is Anish Daniel, formerly the General Manager at Wavemaker India, bringing over 20 years of industry experience driving digital transformation for brands across the region. The newly established team oversees the agency’s domestic operations in India, leading the client engagements with Lenovo, Fossil and Estée Lauder and formulating in-market growth strategies.

Assembly’s amplified investment into the Indian market underscores the agency’s firm commitment to unlocking growth opportunities for clients in this pivotal region. India’s vast scale, burgeoning youth population, and strong consumer aspirations make it an essential market for businesses operating regionally and globally. Recognizing its potential, Assembly’s strategic expansion in the country highlights its ambition to drive transformative growth for clients by tapping into the market’s expanding economic influence.

Richard Brosgill, APAC CEO, Assembly comments, “India has emerged as a key growth engine for the agency, and our early success in the region underscores our capability to lead clients through change and growth in the market. By establishing a dedicated on-ground team, we have firmly positioned ourselves to help brands win in this dynamic market.”

Brosgill continues, “The new office complements the already fantastic teams we have in our Global Delivery Hub and creates an extension to support our growing talent with new experiences while we also support the ambitions of our clients today.”

“Anish’s extensive strategic experience, deep in-market knowledge and innovative mindset give us huge confidence in our journey of growth in the market. His true client centric approach allows him to provide effective and high-impact solutions for clients whilst helping them navigate through the change and growth of their business,” added Brosgill.

Expressing his excitement about his new role, Daniel comments, “Assembly’s ethos is rooted in the promise of finding the change that fuels growth for our clients and partners, and I’m excited to be working alongside an incredible team to bring this vision to life. Our focus this year would be to drive growth, strengthen our relationships with clients, and deliver exceptional value to the ecosystem.”

ABOUT ASSEMBLY 
Assembly is a leading global omnichannel media agency that merges data, talent, and technology to catalyze growth for the world’s most esteemed brands. Our holistic approach weaves together compelling brand narratives with a comprehensive suite of global media capabilities, driving performance and fostering significant business expansion. Our initiatives are powered by STAGE, our proprietary operating system, and executed by a dedicated global team of over 2,300 professionals across 35 offices worldwide. Committed to purposeful action, Assembly leads the way in social and environmental impact within the agency realm. As a proud member of Stagwell (NASDAQ: STGW), the challenger network designed to revolutionize marketing, Assembly continues to set new standards of excellence. For more information, please visit assemblyglobal.com.  

MEDIA CONTACT
Kelvin Lee,
Marketing Director, APAC
kelvin.lee@assemblyglobal.com

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