Connect with us

Technology

Toku to Deploy its AI-powered Customer Experience Platform on Core42 Sovereign Enabled Public Cloud in the UAE

Published

on

Toku’s proven model for Singapore’s public sector will run on Core42 Sovereign Enabled Public Cloud, the platform behind the Abu Dhabi Government’s sovereign enabled cloud system  

SINGAPORE, Oct. 8, 2026 /PRNewswire/ — Toku Ltd. (SGX: TKU) (“Toku” or the “Company”, and together with its subsidiaries, the “Group”), a Singapore-headquartered AI-powered customer experience (CX) platform, today announced that its UAE subsidiary, Toku Technology L.L.C., has entered into an agreement with Core42, a G42 company specialising in sovereign enabled cloud and AI infrastructure, to host the Toku platform on Core42 Sovereign Enabled Public Cloud in the United Arab Emirates (UAE). The agreement was marked at a signing ceremony in Abu Dhabi on 2 October 2026.

Public-sector bodies and regulated enterprises in the UAE increasingly need customer interactions, recordings and platform data to remain in-country and under local jurisdiction. To support these requirements, Toku has begun onboarding its platform onto Core42 Sovereign Enabled Public Cloud, which combines Microsoft Azure infrastructure deployed within the UAE with Core42 sovereign controls, governance mechanisms, compliance monitoring capabilities and sovereign landing zone architectures, with centralised oversight through the Core42 Insight platform. This provides Toku with the in-country infrastructure needed to support public-sector and regulated customers in the UAE.

Toku also draws on its experience in public-sector deployments in sovereign-controlled cloud environments. Singapore’s Government on Commercial Cloud and Abu Dhabi’s sovereign enabled cloud system share a similar principle of enabling government entities to maintain data sovereignty while harnessing hyperscale innovation. In Singapore, Toku delivered the first large-scale contact centre on that platform, for the Inland Revenue Authority of Singapore (IRAS). It serves the national taxpayer base with AI transcription and summarisation now supporting agents and supervisors. Together with Toku’s UAE subsidiary and its Arabic-language AI partnership with SESTEK, both announced in September 2026, the collaboration further strengthens Toku’s local capabilities in the region.

In March 2025, the Department of Government Enablement – Abu Dhabi (DGE), on behalf of the Abu Dhabi Government, announced an agreement with Microsoft and Core42 to implement a sovereign enabled cloud system. Core42’s cloud environment currently supports more than 47 Abu Dhabi government entities, in line with the Abu Dhabi Government’s ambition to become the world’s first fully AI-native government by 2027. Powered by Microsoft Azure, Core42 Sovereign Enabled Public Cloud provides the sovereign enabled cloud environment through which Toku can apply the technology, deployment experience, and operating standards developed through its work in Singapore to public-sector institutions in the UAE.

Thomas Laboulle, Founder and CEO of Toku, said: “The Middle East shows why we built Toku for complex, fragmented markets, where regulation, language, and infrastructure requirements change from one jurisdiction to the next, and where data residency is not negotiable. In Singapore, our work with IRAS set the standard for how we deliver to government through national scale, government-grade controls, and AI that agents use every day. Abu Dhabi has chosen the path Singapore took, government services on hyperscale cloud, under sovereign controls, and Core42, as part of G42, is building that foundation. This agreement puts Toku’s platform on it, so public-sector and regulated customers can adopt it without compromising on where their data sits.”

Ahmed Labib, VP Partnerships and Ecosystems, Core42, added: “Government contact centres handle large volumes of personal data, and in the UAE that data belongs on sovereign enabled infrastructure. Toku brings a customer experience platform with a track record in Singapore’s public sector. Core42 Sovereign Enabled Public Cloud gives it a home in the UAE, with data residency controls and sovereign governance managed through Core42 Insight. Government entities and regulated industries now have a practical, in-country route to modernise how they serve citizens and customers.”

The agreement supports the Group’s expansion in the Middle East, identified in its Offer Document as one of its principal growth levers, where coverage has grown from two markets to eight since December 2025. It also advances Toku’s “infrastructure without boundaries” approach, enabling customers to deploy the platform across commercial cloud, government and sovereign enabled cloud, private data centres or hybrid environments, according to their regulatory requirements and without dependence on a single cloud provider. The Group is also participating in several public-sector tenders with partners in the region.

— END —

About Toku

Headquartered in Singapore, Toku Ltd. (SGX Catalist: TKU) is a cloud-native, AI-powered customer experience platform purpose-built for enterprises operating in complex, multi-market environments. With deep roots in the APAC region and an expanding global footprint, Toku’s modular 360° CX Platform orchestrates customer interactions across voice, chat, email and digital channels while managing regulatory, linguistic and infrastructure complexity at scale.

Built on end-to-end ownership of its technology stack, from carrier-grade connectivity to AI applications, Toku delivers enterprise-grade security, reliability and deployment flexibility across commercial cloud, private data centres and hybrid environments. Its AI capabilities include transcription, summarisation, sentiment analysis, conversation analytics and governed virtual agents, designed to integrate seamlessly with enterprise systems and customer data.

Trusted by leading enterprises and public-sector organisations, Toku helps organisations streamline operations, scale customer engagement and deliver consistent experiences in fragmented markets worldwide.

For more information about Toku, visit toku.co

About Core42

Core42, a G42 company, empowers individuals, enterprises, and nations to unlock the full potential of AI through its comprehensive enablement capabilities. As a leading provider of sovereign enabled cloud, AI infrastructure, and services, our mission is to accelerate the achievements of others and help them reach their most ambitious goals. We are building the digital backbone that powers AI-native societies. We operate the G42 Intelligence Grid that turns compute into tokens at massive scale and functions as a global factory for manufactured intelligence. These foundations are essential to deploy advanced AI, unlock proprietary data, and drive real outcomes. To learn more, please visit www.core42.ai and follow Core42 LinkedIn, Core42 Instagram and Core42 X.  

Forward-Looking Statements

This press release contains forward-looking statements regarding Toku’s expansion plans and business strategy. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Toku undertakes no obligation to update these statements to reflect subsequent events or circumstances.

Sponsor’s Statement

Toku Ltd. (the “Company”) was listed on Catalist of the Singapore Exchange Securities Trading Limited (the “Exchange”) on 22 January 2026. The initial public offering of the Company was sponsored by PrimePartners Corporate Finance Pte. Ltd. (the “Sponsor”). This press release has been reviewed by the Sponsor. It has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release. The contact person for the Sponsor is Ms. Ng Shi Qing, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/toku-to-deploy-its-ai-powered-customer-experience-platform-on-core42-sovereign-enabled-public-cloud-in-the-uae-302901983.html

SOURCE Toku Ltd.

Continue Reading

Technology

Mitrade Taps Former Pit Trader and Brokerage CEO Christopher Brankin as Global Markets Advisor

Published

on

By

LIMASSOL, Cyprus, Oct. 8, 2026 /PRNewswire/ — Award-winning CFD broker Mitrade has engaged Christopher Brankin as Global Markets Advisor. A markets commentator featured on CNBC, Bloomberg, and Reuters, Brankin was the founding CEO of TD Ameritrade Singapore and later headed regional expansion for a CFD brokerage.

The appointment comes as global events continue driving European market conditions. In September alone, the ECB raised rates citing the Middle East supply disruptions, the euro fell 0.5% after the Fed followed suit, and Europe’s gas benchmark held above twice pre-war levels as Hormuz LNG flows slumped.

Having worked both the trading floor and the helm of major brokerages, Brankin brings over three decades of market experience. Starting in Chicago’s open-outcry futures pits in 1995, he ran a proprietary trading desk and oversaw execution and clearing at thinkorswim before building and leading regulated firms across Asia, navigating cycles from the 2008 financial crisis to 2020 market volatility.

“2026 has put European traders through a war-driven energy shock and back-to-back rate rises. Europe now imports its volatility, and traders who understand its source see the market differently. Mitrade shares my belief in financial literacy, and I look forward to adding my perspective through the platforms I have,” said Christopher Brankin, Global Markets Advisor, Mitrade Group.

In this role, Brankin will contribute institutional analysis, market commentaries, and educational insights on global market developments for Mitrade.

About Mitrade 

Mitrade is a CFD trading platform operating in eligible EEA markets through Mitrade EU Limited, a CySEC-authorised investment firm (CIF438/23). Other legally separate entities within the international group are independently authorised and regulated in their respective jurisdictions by ASIC (AFSL398528), CIMA (SIB1612446), FSCA (FSP54842), FSC (GB20025791), and CMA (20200000397). 

Globally, the brand connects 7M+ traders to 1,000+ CFDs on indices, forex, commodities, shares, ETFs and more. The platform is designed to provide fast execution, flexible leverage on a per-position basis, competitive spreads and an intuitive interface accessible across multiple devices. 

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 

Visit https://www.mitrade.eu for more information.

View original content to download multimedia:https://www.prnewswire.com/news-releases/mitrade-taps-former-pit-trader-and-brokerage-ceo-christopher-brankin-as-global-markets-advisor-302899477.html

Continue Reading

Technology

BORICA and OpenWay Win PAY360 Award for Bulgaria’s Euro Payments Transformation

Published

on

By

The Best Partnership Initiative award recognizes BORICA and OpenWay for their contribution to Bulgaria’s payments transformation and successful euro transition.

LONDON, Oct. 8, 2026 /PRNewswire/ — BORICA AD and OpenWay have won the Best Partnership Initiative Award at the PAY360 Awards 2026 for their work together on Bulgaria’s payment infrastructure and the country’s successful transition to the euro.

The award recognizes the impact of a long-term partnership focused on a challenge where there was no room for disruption: transforming critical national payment infrastructure while ensuring that everyday card payments and ATM services continued from the first minute of euro adoption.

Since 2018, BORICA and OpenWay have worked together to modernize Bulgaria’s card processing infrastructure, combining BORICA’s expertise in national payment services and ecosystem coordination with OpenWay’s Way4 real-time digital payment software platform and payment technology expertise.

What set the initiative apart was its scale, continuity and practical impact. The partnership was developed over years of modernization and then tested under exceptional live conditions when Bulgaria adopted the euro on 1 January 2026.

The euro programme brought together more than 35 banks, payment service providers, fintechs, government institutions and technology partners. BORICA and OpenWay worked closely to prepare and execute the card processing transformation, with extensive testing, rehearsals and operational coordination before the cutover.

The results came almost immediately after midnight. The first successful euro ATM withdrawal was completed just 20 seconds into the new currency environment. Within the first 48 hours, more than 930,000 card and ATM transactions worth nearly €42 million were processed with zero unplanned downtime.

Miroslav Vichev, CEO of BORICA AD, said:
“Our shared objective went beyond a successful technology transition. We wanted to ensure that a transformation of this scale could happen without disrupting the everyday payment experience. That required years of preparation, disciplined execution and trust between our teams and across the wider ecosystem.”

Pavel Gubin, CEO of OpenWay Group, said:
“What makes this achievement distinctive is not technology or scale alone, but what BORICA and OpenWay were able to accomplish together. We have spent years building a payment environment designed to evolve without compromising continuity. Euro adoption put that approach to the ultimate real world test, and the results speak for themselves.”

View original content to download multimedia:https://www.prnewswire.com/news-releases/borica-and-openway-win-pay360-award-for-bulgarias-euro-payments-transformation-302902145.html

SOURCE OpenWay

Continue Reading

Technology

Fibocom and Grid-OS Accelerate IoT Deployment at Scale in India at IMC 2026

Published

on

By

NEW DELHI, Oct. 8, 2026 /PRNewswire/ — Fibocom, a leading global provider of wireless communication modules and AI solutions, is collaborating with India-based IoT ODM Grid-OS to advance smart payment and vehicle tracking applications in India. At IMC 2026, Grid-OS is showcasing a Payment Soundbox powered by Fibocom’s LE270 LTE Cat 1 bis module, alongside two 4G Vehicle Trackers based on Fibocom’s LE250 series LTE Cat 1 bis modules.

India’s IoT market is moving rapidly toward large-scale deployment. NPCI data shows that UPI transactions reached 24.51 billion in August 2026, while growing applications such as vehicle tracking are creating increasingly diverse requirements for reliable connectivity, low power consumption and positioning capabilities.

For the Payment Soundbox, Fibocom LE270 provides stable 4G connectivity for real-time payment information transmission. Optimized for connected-mode and DRX standby power consumption, LE270’s low-power design helps the Soundbox achieve approximately 7–8 days of battery life with a 2000mAh battery.

The collaboration also extends to two Grid-OS 4G Vehicle Trackers based on Fibocom LE250. The module provides LTE connectivity and GPS/BeiDou positioning, supporting vehicle location and operational data transmission. LE250 also supports OpenCPU and DFOTA, helping simplify product development and subsequent software maintenance.

“Fibocom’s broad wireless communication portfolio gives us the flexibility to select suitable solutions for different IoT product requirements,” said Raghav Gautam, Founder of Grid-OS. “Together with our capabilities spanning product development through mass manufacturing, this provides a strong foundation for expanding our collaboration across more applications.”

Ronald Chan, Vice President of APAC Sales at Fibocom, said: “India is an important IoT market for Fibocom. Our collaboration with Grid-OS, expanding from payment soundbox to vehicle tracker, demonstrates how our diversified wireless portfolio can support local partners across different device requirements and accelerate commercial deployment at scale.”

About Fibocom

Founded in 1999, Fibocom is a leading global provider of wireless communication modules and AI solutions. Its portfolio spans cellular, AI, automotive and GNSS modules, together with AI toolchains, global connectivity and cloud services, empowering connected and intelligent applications worldwide.

View original content to download multimedia:https://www.prnewswire.com/news-releases/fibocom-and-grid-os-accelerate-iot-deployment-at-scale-in-india-at-imc-2026-302902184.html

SOURCE Fibocom

Continue Reading

Trending