Vice Chairman Joseph Tsai Joins Fireside Chat, Maps Strategy for the Next Decade in the AI Era

TAIPEI, Oct. 14, 2026 /PRNewswire/ — Cathay Financial Holdings (Cathay FHC) recently hosted its 2026 Cathay Technology Conference, one of Taiwan’s flagship fintech events, as the company marked the 10th anniversary of its digital transformation. Cathay FHC Vice Chairman Joseph Tsai participated in a fireside chat, reflecting on a decade of transformation and outlining the Group’s strategic roadmap for the years ahead.

This year’s Cathay Technology Conference focused on three key areas: Agentic AI and Digital Colleagues, AI-driven IT modernization, and digital assets and Web3. Cathay FHC unveiled, for the first time, trials of “digital colleagues” built with AI agents, while examining cybersecurity governance, access controls and audit practices as AI enters enterprise workflows, as well as emerging financial use cases including stablecoins, AI-agent payments and autonomous finance. The event brought together leaders from OpenAI, Google Cloud, Microsoft Taiwan, KPMG, National Chengchi University, National Taiwan University and the Taiwan Virtual Asset Service Provider Association. Nearly 7,000 people registered and combined online and in-person concurrent viewership exceeded 3,500.

Cathay FHC Vice Chairman Joseph Tsai said Cathay FHC’s transformation since 2016 was not about “digitizing for the sake of digitization,” but about recognizing the need for greater collaboration across business units and a more customer-centric approach. He said digital technologies were used to address practical business challenges and customer pain points.

Cathay FHC has remained guided by its core values of integrity, accountability and innovation, Tsai said. Cathay FHC has also sought to build trust among management, employees and customers through stronger horizontal and vertical communication, making this a key cultural transformation throughout its digital transformation.

Tsai cited Cathay United Bank’s CUBE credit card as an example. As an industry first at the time, the CUBE credit card consolidated multiple cards into a single card, empowering customers to choose and switch benefits according to their individual needs. The strategic shift reflected a customer-centric digital approach that uses technology to empower customers with greater choice and flexibility.

Looking ahead, Tsai said Cathay FHC will continue to explore opportunities in areas including asset management and wealth management. He called on businesses to use AI to rethink how work is done and how value is created, while building on their respective strengths to deliver more and better results for customers. AI could give Cathay FHC and businesses an opportunity to leapfrog, he added.

Taiwan has benefited from robust economic growth in recent years, Tsai said. As a major financial institution, Cathay FHC will continue to seize opportunities while addressing the challenges facing industry and society, growing alongside Taiwanese businesses and communities and living up to the expectations and trust of the public.

Building on GAIA 2.0, Cathay FHC’s generative AI technology framework introduced in 2025, Cathay FHC unveiled AI-Agent-powered “digital colleagues” for the first time, including pilots for project management, technology governance and legal contract review. Designed with defined roles and operating boundaries, the digital colleagues can autonomously use enterprise knowledge and tools to carry out tasks, while critical decisions and exceptions remain subject to human review. Controls covering identity and access rights, enterprise knowledge, system integration, cybersecurity monitoring and audit trails support Cathay FHC’s responsible-AI approach.

Building on its “Cloud First” infrastructure strategy, Cathay FHC is moving toward “Agent First” by applying governed AI workflows and an agent platform to develop scalable Group-wide IT capabilities. Through the BMad Framework, Cathay FHC has developed an Agent for SDLC requirements management, shortening the requirements analysis cycle. Cathay United Bank has also established AI Scrum and AI SDLC teams to support requirements organization, development and testing, as well as document preparation.

This year’s conference also featured Oliver Jay, Managing Director, International at OpenAI, and Harry Lin, Technical General Manager of Google Cloud Taiwan, who shared insights on enterprise AI adoption, secure deployment and multi-agent governance in financial institutions.

In digital assets, the conference explored virtual-asset custody, stablecoins, AI Agent payments and autonomous finance. Industry and academic experts discussed how financial institutions and VASPs (Virtual Asset Service Providers) can balance innovation with anti-money laundering, asset security and regulatory compliance.

Since launching its digital transformation in 2016 under the leadership of Vice Chairman Joseph Tsai, Cathay FHC, has continued to build capabilities in digital technology, data and cloud, extending into generative AI, Agentic AI and digital assets as technology evolves. Looking ahead, Cathay FHC will continue to strengthen its capabilities in AI, cybersecurity governance and financial technology talent development, while connecting industry, government and academic partners in Taiwan and overseas under its “BETTER TOGETHER” brand spirit and advancing toward its goal of becoming “a technology company with finance at its core.”

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SOURCE Cathay Financial Holdings

NUREMBERG, Germany, Oct. 14, 2026 /PRNewswire/ — Hitachi scroll compressor is making its first independent appearance at Chillventa 2026, held from October 13 to 15. At Booth 1-637 of Exhibition Centre Nuremberg (NürnbergMesse), Hitachi scroll compressor is showcasing heat pump compressor solutions compatible with R-290 and R-454C refrigerants, as well as compressor technologies for a wide range of thermal management applications. The debut underscores Hitachi scroll compressor’s commitment to the European market and its intention to further strengthen collaboration with industry partners across the region.

As Europe advances its energy transition, growing heat pump adoption, evolving refrigerant regulations, and increasing demand for lower-GWP solutions are reshaping the HVAC industry. Manufacturers are seeking compressor technologies that can support changing refrigerant requirements while maintaining system performance, reliability, and operational safety. In response, Hitachi scroll compressor continues to develop compressor technologies for different refrigerants and system architectures, giving customers more options as they upgrade their product portfolios to meet changing market and regulatory requirements.

Heat Pump Solutions for Evolving Refrigerant Requirements

A key highlight at Chillventa 2026 is Hitachi’s DC inverter compressor designed for low-ambient heat pump applications using R-290. R-290 is a natural refrigerant with a GWP100 (Global Warming Potential over a 100-year time horizon) of 0.02, considerably below many conventional refrigerants. The solution is well suited for residential and commercial heat pump applications, expanding Hitachi’s compressor options for manufacturers developing systems around lower-GWP refrigerants.

Hitachi scroll compressor is also showcasing its R-454C-compatible DC inverter compressor. With a GWP100 of 146, R-454C provides an alternative for manufacturers navigating refrigerant transitions while balancing energy efficiency, system performance, safety, and evolving market requirements. Combined with Hitachi’s broader compressor portfolio, the solution gives manufacturers greater flexibility in developing heat pump and HVAC systems for evolving market requirements.

Extending Compressor Technologies Across Applications

Beyond heat pumps, Hitachi scroll compressor is extending its technologies across a growing range of cooling and thermal management applications. The portfolio on display includes fixed-speed compressors for refrigeration applications, horizontal scroll compressors for transport thermal management, and DC inverter compressors for energy storage temperature control. Hitachi scroll compressor is also exploring opportunities across emerging applications such as data center thermal management, reflecting the expanding role of compressor technologies across different industries.

“Europe’s energy transition is creating new requirements across heating, cooling and thermal management,” said Wisdom Hao, GM of Guangzhou Bosch Home Comfort Compressor Technology Co. Ltd. “We want to support customers with efficient, reliable compressor technologies that address evolving system and refrigerant requirements. Chillventa allows us to engage directly with partners across Europe, better understand their needs and explore how we can work together to develop solutions for the next generation of products.”

Backed by decades of compressor development experience, a diverse product portfolio, global service capabilities and continued investment in R&D, Hitachi scroll compressor is committed to advancing its technologies in step with customers’ evolving needs.

Visitors to Chillventa 2026 are invited to meet the Hitachi scroll compressor team at Booth 1-637 to explore its latest compressor technologies and discuss potential collaboration opportunities.

About Hitachi scroll compressor

Since pioneering the world’s first scroll compressor for air-conditioning applications in 1983, Hitachi scroll compressor has continued to advance compressor technologies across HVAC, refrigeration, railway, and other thermal management applications. Backed by more than 80 years of engineering expertise, Hitachi scroll compressor delivers high-quality compressor solutions recognized for reliability, performance, and continuous innovation worldwide.

For more information, please visit: https://compressors.hitachiaircon.com/en.

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VIENNA, Oct. 14, 2026 /PRNewswire/ — At NetworkX 2026, Fibocom is showcasing the U6G evolution of its flagship 5G-A FWA module, FG390. Powered by the MediaTek T930 platform, the newly introduced FG390-MEA-30 variant supports U6G (NR n104) and cross-band carrier aggregation with Sub-6GHz, equipping FWA devices for the next phase of 5G-Advanced network evolution.

Upper 6GHz spans 6425 – 7125MHz, providing 700MHz of spectrum with substantial contiguous bandwidth to increase network capacity and throughput. It creates new opportunities for 10-gigabit home broadband, 8K streaming, cloud gaming and immersive AR/VR experiences, as well as enterprise wireless access and smart campus networking.

U6G is moving from technical validation toward commercial deployment worldwide. e& UAE has launched commercial Upper 6GHz network deployment, while Zhejiang Mobile has demonstrated downlink throughput exceeding 10Gbps. European operators are advancing 6GHz spectrum trials and field validation, while markets in Latin America and Central Asia are progressing with live-network testing and use-case validation.

The FG390 adds support for NR n104 and enables U6G to work alongside Sub-6GHz, supporting cross-band carrier aggregation combinations including CA_n41A-n104A and CA_n78A-n104A. Built on the 3GPP Release 18 MediaTek T930 platform, it supports peak 5G downlink speeds of up to 10Gbps. By combining U6G bandwidth with established Sub-6GHz coverage, the module enables higher throughput while maintaining reliable connectivity.

Designed for CPEs, outdoor ODUs and enterprise gateways, the FG390-MEA-30 helps customers simplify product development, streamline certification processes and accelerate time to market.

Evan Su, General Manager of Wireless Communications at MediaTek, stated, “The MediaTek T930 platform is designed to enable high-performance FWA solutions for the next stage of wireless broadband evolution. Working together with Fibocom, we are extending U6G capabilities on T930 and help accelerate 5G-Advanced FWA innovation.”

Sunzhi Liu, General Manager of Fibocom’s MBB Business Unit, said, “As U6G moves toward commercialization, operators and device makers need to turn new spectrum capabilities into deployable FWA products faster. FG390 provides a flexible path to next-generation FWA development by combining U6G and Sub-6GHz capabilities. We will continue working with MediaTek, global operators and device partners to advance U6G validation and commercialization.”

About Fibocom

Fibocom, founded in 1999, is China’s first wireless communication module company listed on both the A-share and H-share markets. Fibocom leverages wireless communication and artificial intelligence as its core technologies to provide integrated hardware and software solutions that empower industry applications. These solutions accelerate the transformation from “Connect Everything” to “Intelligent Connectivity” across diverse industries.

Fibocom’s one-stop solutions encompass cellular communication, AI, automotive, and GNSS modules, as well as AI toolchains, supporting industry-side and mainstream large model integration, and providing AI Agent, global connectivity, and cloud services, driving the digital intelligence upgrades in industries such as robotics, consumer electronics, low-altitude economy, intelligent transportation, smart retail, and smart energy.

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SOURCE Fibocom