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Tencent Leverages Cutting-Edge Technology and Partnerships to Lead a New Era of FinTech Innovation

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Tencent wins at the SFF FinTech Excellence Awards 2024, announces key partnerships with industry leaders, and unveils new fintech solutions.

SINGAPORE, Nov. 8, 2024 /PRNewswire/ — At the Singapore FinTech Festival (SFF) 2024, global Internet and technology giant, Tencent, pushed the boundaries of innovation in fintech and digital transformation with a host of engagements, partnership milestones, and the unveiling of future-ready solutions.

Joining thousands of attendees at the annual event, Tencent showcased how it is leveraging decades of consumer and enterprise technology expertise to collaborate with industry players, tapping into opportunities in the financial industry, and delivering innovative business solutions that foster sustainable growth for financial institutions and ecosystem partners in the region.

“Building a resilient and agile infrastructure is essential for financial institutions seeking to thrive in the digital era,” said Dowson Tong, Senior Executive Vice President & Chief Executive Officer, Cloud and Smart Industries Group, Tencent, during the event’s “AI and Cloud: Powering the Economies of Tomorrow” keynote fireside chat. “AI-powered tools like advanced authentication and fraud detection require a foundation of reliable infrastructure to operate effectively, and foster a more secure automated financial environment. In addition, by leveraging trends like video, content, super app and AI, atop a robust Cloud stack, we can drive meaningful innovation and unlock transformative opportunities across industries, with a growing financial services ecosystem.”

The global AI in fintech market is expected to expand from USD 13,515.7 million in 2024 to USD 58,701.4 million by 2034, reflecting a robust CAGR of 15.9%. The keynote fireside, which opened the three-day event reflects this growing demand from consumers and enterprises alike in the applications and potential of cloud and AI solutions in the field of fintech. By leveraging AI-driven tools like Digital Humans, Super-App-as-a-Service, ultra-high accuracy eKYC, high performance distributed database TDSQL, and Risk Control Engine, Tencent financial cloud technologies have successfully enabled over 10,000 enterprises across 20 countries across the globe.

Tencent also clinched the Thematic – AI, Quantum Champion Award under the SFF FinTech Excellence Awards 2024, which spotlights groundbreaking initiatives that harness new technologies to revolutionise industry practices and enhance financial services delivery.

“This accolade underscores Tencent’s commitment to advancing secure, user-friendly innovations in digital payments. Our latest innovations reflects our dedication to enhancing everyday convenience through seamless and reliable solutions, while maintaining the highest standards of privacy and data security. This is a testament to our ongoing efforts to bring transformative technology to consumers and businesses alike,” said Xia Kai, Head of Tencent Palm Product Innovation.

The showcase at SFF marks Tencent’s debut of its advanced palm recognition technology, Tencent Palm, in Singapore. This was unveiled through Tencent and Visa’s partnership to introduce the palm recognition technology for digital payments. The service will be rolled out by Visa, with cardholders from participating banks in Singapore, including DBS, OCBC and UOB, being a part of this pilot programme.

This partnership was one of many insightful engagements with industry leaders and ecosystem partners that took place at the festival, which included exclusive Tencent-led workshops at the Elevandi Insights Forum, and various panel sessions represented across Tencent’s businesses such as Tencent Cloud, Tenpay Global, and Weixin Pay.

Daniel Hong, Vice President of Tencent Financial Technology, highlighted Weixin Pay’s innovations in enhancing payment accessibility, particularly by reducing costs for small and micro merchants while advancing cross-border payment interconnectivity.

Wenhui Yang, General Manager at Tencent Financial Technology Asia Pacific and CEO of Tenpay Global (Singapore), also discussed the role of AI-powered risk control strategies in protecting users from fraud risks and spotlighted the importance of technology in ensuring secure payment systems.

Innovative technologies like Tencent Palm, Tencent Cloud AI Digital Human, and Tenpay Global Remittance were on display at the Tencent booth’s interactive areas, which welcomed key representatives from the Monetary Authority of Singapore (MAS), Bank of Thailand (BoT), and more.

“Consumer behavior and expectations have vastly changed due to the ubiquity of mobile phones and other accessible technologies. Financial institutions must now expand their online services and re-architect their business systems, to meet the needs for services anytime anywhere, and the ever-increasing volume of online transactions. As we advance toward a future of accessible and inclusive financial services, we are hopeful that our collective efforts will help shape a secure and innovative digital ecosystem for the industry,” concluded Tong.

About Tencent

Tencent is a world-leading internet and technology company that develops innovative products and services to improve the quality of life of people around the world.

Our communication and social services connect more than one billion people around the world, helping them to keep in touch with friends and family, access transportation, pay for daily necessities, and even be entertained. Our financial technology business covers payment, credit, wealth management and insurance sectors, as we support our partners’ business growth and assist their digital upgrade through FinTech and other enterprise services. We also publish some of the world’s most popular video games and other high-quality digital content, enriching interactive entertainment experiences for people around the globe.

Tencent was founded in Shenzhen, China, in 1998, and has been listed on the Main Board of the Stock Exchange of Hong Kong since 2004.

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SOURCE Tencent

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Can AI care for us? CNN’s Innovate explores the new frontier of tech in the care sector

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HONG KONG, Oct. 29, 2026 /PRNewswire/ — While artificial intelligence continues to dominate global headlines amid fierce debates over the future of human jobs, a quiet revolution is happening in the United States in the homes of 73-year-old Dee Humphrey and Parkinson’s patient Jerry Feldman — where tech innovations could usher in a new model of care for a sector that often suffers from human staff shortages.

In the upcoming episode of Innovate, CNN travels across the United States to profile the breakthrough AI companions and robots that hold the potential of stepping in to help bridge critical gaps in healthcare, companionship, and physical support — exploring whether technology can truly assist without losing essential human connection and judgment.

The show begins in New York State, where senior citizen Dee Humphrey shares her home with ‘ElliQ’, a lamp-like AI companion that chats, plays games and nudges her to exercise or take her medication. Its creator, Intuition Robotics co-founder Dor Skuler, sees it as a way to support an ageing population. Innovate will seek to answer this question: how can a machine offer companionship without replacing human connection?

The program turns next to Cincinnati Children’s Hospital Medical Center, where nurse Desauna Tabor and her colleagues are helping train ‘Rachel’, an AI telephone assistant they say uncovers families’ needs and frees up time at the bedside. For Hippocratic AI co-founder Munjal Shah, whose mother stopped taking medication without anyone following up, the alternative often isn’t a human calling — it’s no call at all. He believes AI can make abundance in caregiving available “for the first time in human history”, provided it knows when to hand over to a person.

Finally, CNN visits Atlanta, where Jerry Feldman, who lives with Parkinson’s, works with Dr Madeleine Hackney to test ‘ZEST-E’, an exercise robot — and helps researchers understand what users actually need. The show also meets Hello Robot CEO Aaron Edsinger, who wants robots to help when human support isn’t available. For Jerry, that means getting medicine or something to eat when he’s alone and movement is difficult.

The world is changing fast, and emerging technologies are driving the transformation. Artificial intelligence, blockchain, and IoT are just a few of the game-changing innovations that are shaping our lives and revolutionizing how we work, learn, live, and entertain ourselves. CNN’s Innovate series tells the stories behind business ideas, technological developments, and entrepreneurial breakthroughs reshaping our world. Told through a compelling multiplatform approach, Innovate will engage audiences with stories of innovative thinkers from all walks of life who are shaping a better, smarter future for all.

Innovate trailers: https://bit.ly/4iakogb
Innovate images: https://bit.ly/4zNEm6u

Airtimes for Innovate: 
Saturday, 31st October at 6:30pm HKT
Sunday, 1st November at 9:30am and 4:30pm HKT
Monday, 2nd November at 2:30am HKT

About CNN International

CNN’s portfolio of news and information services is available in seven different languages across all major TV, digital and mobile platforms, reaching more than 379 million households around the globe. CNN International is the number one international TV news channel according to all major media surveys across Europe, the Middle East and Africa, the Asia Pacific region, and Latin America and has a US presence that includes CNNgo. CNN Digital is a leading network for online news, mobile news and social media. CNN is at the forefront of digital innovation and continues to invest heavily in expanding its digital global footprint, with a suite of award-winning digital properties and a range of strategic content partnerships, commercialised through a strong data-driven understanding of audience behaviours. CNN has won multiple prestigious awards around the world for its journalism. Around 1,000 hours of long-form series, documentaries and specials are produced every year by CNNI’s non-news programming division. CNN has 36 editorial offices and more than 1,100 affiliates worldwide through CNN Newsource. CNN International is a division of the Skydance Corporation.   

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/can-ai-care-for-us-cnns-innovate-explores-the-new-frontier-of-tech-in-the-care-sector-302923161.html

SOURCE CNN International

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Can AI care for us? CNN’s Innovate explores the new frontier of tech in the care sector

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HONG KONG, Oct. 29, 2026 /PRNewswire/ — While artificial intelligence continues to dominate global headlines amid fierce debates over the future of human jobs, a quiet revolution is happening in the United States in the homes of 73-year-old Dee Humphrey and Parkinson’s patient Jerry Feldman — where tech innovations could usher in a new model of care for a sector that often suffers from human staff shortages.

In the upcoming episode of Innovate, CNN travels across the United States to profile the breakthrough AI companions and robots that hold the potential of stepping in to help bridge critical gaps in healthcare, companionship, and physical support — exploring whether technology can truly assist without losing essential human connection and judgment.

The show begins in New York State, where senior citizen Dee Humphrey shares her home with ‘ElliQ’, a lamp-like AI companion that chats, plays games and nudges her to exercise or take her medication. Its creator, Intuition Robotics co-founder Dor Skuler, sees it as a way to support an ageing population. Innovate will seek to answer this question: how can a machine offer companionship without replacing human connection?

The program turns next to Cincinnati Children’s Hospital Medical Center, where nurse Desauna Tabor and her colleagues are helping train ‘Rachel’, an AI telephone assistant they say uncovers families’ needs and frees up time at the bedside. For Hippocratic AI co-founder Munjal Shah, whose mother stopped taking medication without anyone following up, the alternative often isn’t a human calling — it’s no call at all. He believes AI can make abundance in caregiving available “for the first time in human history”, provided it knows when to hand over to a person.

Finally, CNN visits Atlanta, where Jerry Feldman, who lives with Parkinson’s, works with Dr Madeleine Hackney to test ‘ZEST-E’, an exercise robot — and helps researchers understand what users actually need. The show also meets Hello Robot CEO Aaron Edsinger, who wants robots to help when human support isn’t available. For Jerry, that means getting medicine or something to eat when he’s alone and movement is difficult.

The world is changing fast, and emerging technologies are driving the transformation. Artificial intelligence, blockchain, and IoT are just a few of the game-changing innovations that are shaping our lives and revolutionizing how we work, learn, live, and entertain ourselves. CNN’s Innovate series tells the stories behind business ideas, technological developments, and entrepreneurial breakthroughs reshaping our world. Told through a compelling multiplatform approach, Innovate will engage audiences with stories of innovative thinkers from all walks of life who are shaping a better, smarter future for all.

Innovate trailers: https://bit.ly/4iakogb
Innovate images: https://bit.ly/4zNEm6u

Airtimes for Innovate: 
Saturday, 31st October at 6:30pm HKT
Sunday, 1st November at 9:30am and 4:30pm HKT
Monday, 2nd November at 2:30am HKT

About CNN International

CNN’s portfolio of news and information services is available in seven different languages across all major TV, digital and mobile platforms, reaching more than 379 million households around the globe. CNN International is the number one international TV news channel according to all major media surveys across Europe, the Middle East and Africa, the Asia Pacific region, and Latin America and has a US presence that includes CNNgo. CNN Digital is a leading network for online news, mobile news and social media. CNN is at the forefront of digital innovation and continues to invest heavily in expanding its digital global footprint, with a suite of award-winning digital properties and a range of strategic content partnerships, commercialised through a strong data-driven understanding of audience behaviours. CNN has won multiple prestigious awards around the world for its journalism. Around 1,000 hours of long-form series, documentaries and specials are produced every year by CNNI’s non-news programming division. CNN has 36 editorial offices and more than 1,100 affiliates worldwide through CNN Newsource. CNN International is a division of the Skydance Corporation.   

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/can-ai-care-for-us-cnns-innovate-explores-the-new-frontier-of-tech-in-the-care-sector-302923161.html

SOURCE CNN International

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xTool Officially Launches X1: An Upgradable Multi-Laser Platform Engineered for Speed, Versatility, and Business Growth

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Moving beyond traditional wattage wars, xTool’s new flagship platform combines high-speed Galvo with large-format Gantry motion, introducing modular LaserSwap™ technology and Automated Creation System™ (ACS™) to redefine desktop digital fabrication.

MOUNTAIN VIEW, Calif., Oct. 29, 2026 /PRNewswire/ — xTool, a global pioneer in digital fabrication solutions, today announced the official worldwide availability and immediate shipping of the xTool X1, the industry’s first future-proof, continuously upgradable smart flagship laser engraver and cutter. Built to bridge the gap between industrial-grade capabilities and desktop accessibility, the xTool X1 solves hundreds of complex engineering challenges to deliver an all-in-one productivity engine for small businesses, 3D printing enthusiasts, and woodworking makers alike.  

Beyond the Wattage Wars: A Leap in Motion Architecture

For years, the desktop laser industry has been locked in a race toward higher wattage without addressing fundamental workflow constraints. The xTool X1 fundamentally shifts this narrative by proving that the next frontier of laser technology lies in motion architecture rather than simple power upgrades.  

By seamlessly integrating a high-speed Flying-Galvo system with a large-format Dragon-Gantry workspace, the X1 eliminates the age-old compromise between engraving speed and working area. Driving two distinct motion systems through a synchronized 4-axis linkage, the X1 achieves ultra-fast galvo processing without sacrificing the broad spatial range required for large-scale production.  

To guarantee rock-solid precision under extreme operational speeds, xTool engineered the X1 using a 4,000-ton industrial UniCast high-pressure die-cast aluminum frame. This rigid structural foundation, combined with advanced software feathering algorithms, completely eliminates micro-vibrations and visual seam boundaries, ensuring flawless optical alignment across both flat and 3D surfaces.  

“Users see a seamless ‘Place & Go’ experience on the surface, but under the hood, the X1 solves hundreds of optical, algorithmic, and mechanical variables,” said Jessie Liu, President of xTool. “The future of desktop fabrication is not about replacing machines every time your business expands; it’s about system-level upgrades. X1’s true strength isn’t just a single laser beam—it’s the ability to make multiple laser sources work together in perfect harmony.”  

LaserSwap™ and Automated ACS™: True System-Level Upgradability

At the heart of the X1 platform is the proprietary LaserSwap™ modular ecosystem. Starting with a high-capacity 55W CO2 module or a hybrid 55W CO2 / 20W Diode setup, users can effortlessly expand their capabilities through quick-connect “backpack” laser modules. The system supports optional 30W Fiber, 60W MOPA, and 5W UV lasers, enabling users to perform deep metal engraving, vibrant color marking, and delicate non-thermal surface processing without buying standalone machines.

Complementing its multi-laser capability, the X1 introduces the Automated Creation System™ (ACS™) to put laser processing on autopilot. Delivering an unprecedented “Place & Go” workflow, ACS™ combines an integrated triple-camera system that pinpoints material positioning with sub-millimeter precision, and an AutoLift Base that automatically adjusts bed height. This hands-off automation eliminates guesswork, manual setup, and tedious focusing, drastically elevating creator productivity.

Unlocking New Workflows Across Communities

The xTool X1 is specifically designed to overcome material limits and unlock new commercial opportunities across diverse creative sectors:  

The Ultimate Companion for 3D Printing: While 3D printers excel at complex volumetric geometries, they struggle with structural paneling and fast production. The X1 serves as the perfect companion machine, cutting rigid structural components in wood, acrylic, or leather, while applying high-resolution UV or laser marking directly onto PLA and resin models.  A High-ROI Growth Engine for SMBs: Designed for home decor studios, signage makers, and custom gift shops, the X1 operates as an efficient “one-person factory”. Its rapid batch-engraving speeds and multi-material versatility drastically reduce production lead times, allowing small businesses to expand their product SKUs and achieve rapid return on investment.  Empowering Woodworking & DIY Makers: For artisanal woodworkers, the X1 seamlessly merges natural materials with precise metal accents. From customized home and garden decor to intricate woodworking projects, the platform handles mixed-material crafting with effortless consistency.

Technical Difficulty: Laser Innovation vs. 3D Printing

Developing the X1 required overcoming engineering hurdles that far surpass conventional digital tools. While 3D printing primarily manages material extrusion and thermal dynamics, multi-laser hybrid platforms demand extreme optical precision, real-time light path alignment, multi-axis motion synchronization, and complex blending algorithms. The X1’s success establishes xTool’s undeniable technical leadership in mastering these industrial-grade challenges for the desktop market.  

Pricing and Availability

The xTool X1 is available for purchase starting today on the official xTool online store, featuring limited-time launch pricing across multiple configurations:  

X1 Single CO2 (55W CO2): $3,399X1 CO2 + Diode Galvo (55W CO2 + 20W Diode Galvo Module): $3,999X1 CO2 + Diode Galvo + Fiber (Includes 30W Fiber Laser Source): $5,799X1 CO2 + Diode Galvo + UV (Includes 5W UV Laser Source): $6,499X1 CO2 + Diode Galvo + MOPA (Includes 60W MOPA Laser Source): $6,679

To learn more about the xTool X1, explore detailed technical specifications, or place an order, please visit: xtool.com.

About xTool

xTool is a global premium consumer-tech brand dedicated to empowering digital-to-physical creation. As the world’s largest and fastest-growing laser engraver innovator, xTool provides a comprehensive ecosystem of laser-based personal creative tools, material printers, user-friendly software, accessories, and consumables. Through these innovations, xTool empowers creators to turn imagination into meaningful creations that deliver emotional fulfillment, commercial success, and personal achievement. Discover more at xtool.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/xtool-officially-launches-x1-an-upgradable-multi-laser-platform-engineered-for-speed-versatility-and-business-growth-302923167.html

SOURCE xTool

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