DigiAsia Corp. Appoints Andreas Gregori to its AI Strategic Advisory Board

~ The Addition Strengthens the Delivery of Meaningful AI Fintech Solutions for its Enterprise Clients ~

NEW YORK, Aug. 20, 2024 (GLOBE NEWSWIRE) — DigiAsia Corp. (NASDAQ: FAAS) (“DigiAsia” or the “Company”), a leading Fintech as a Service (“FaaS”) ecosystem provider, today announced that Andreas Gregori, a current member of DigiAsia’s board of directors and highly experienced business executive and entrepreneur, has been appointed as an advisor to its recently established AI strategic advisory board. Mr. Gregori is a seasoned commercial leader with a digital and customer-first mindset. His deep knowledge of leveraging technology and AI in meaningful ways will propel the Company as it rapidly integrates AI solutions to enhance its Fintech offerings for enterprise clients and partners in Indonesia and beyond.

Mr. Gregori has over 15 years of global C-suite experience within leading technology and telecommunications companies with vast experience driving growth through bold commercial and technology programs for multi-billion-dollar organizations and start-ups in both mature and emerging markets. Since 2019, Mr. Gregori has served as President of Axiom D Inc., where he devises new digital revenue streams and business models around innovative value propositions, customer value management and data monetization. Previously, Mr. Gregori served as Chief Marketing Officer and Chief Digital Officer of Indosat Ooredoo, Indonesia’s second largest telecommunications provider, where he led the successful company transformation to establish itself as a leading digital telco in Indonesia. Mr. Gregori has a Ph.D. in Computer Science and Artificial Intelligence from Technische Universitat Berlin, Germany, and an M.S. in Computer Science from Technische Universitat Darmstadt, Germany.

Prashant Gokarn, CEO of DigiAsia, commented, “We are honored that industry veteran Andreas has further dedicated his time and experience to our AI advisory team. Andreas’ leadership, technological acumen and customer-first mindset have proven to drive operational growth through bold innovations. His expertise will be instrumental as we accelerate the development and deployment of innovative AI fintech solutions that deliver significant value to our clients and contribute to sustained economic growth.”

Andreas Gregori added, “I am excited to deepen my involvement with DigiAsia as a member of its AI strategic advisory board. DigiAsia already powers significant parts of the digital value chain for Indonesia’s leading enterprises, and I am eager to contribute to the development of its next generation fintech solutions. By leveraging AI and our access to Nvidia’s cutting-edge GPUs, we can create powerful tools to drive enterprise growth across the region.”

About DigiAsia

DigiAsia is a leading Fintech as a Service (FaaS) provider in Indonesia and nearby emerging markets and digitizing finance across the commerce ecosystem operating as a B2B2X model. DigiAsia’s fintech architecture offers municipalities and small and medium enterprise business (SME) comprehensive embedded finance APIs to streamline processes across the commerce value chain. DigiAsia’s embedded fintech solutions equally address democratizing digital finance access that supports financial inclusion of underbanked merchants and consumers in emerging markets resulting in growth for enterprise business. The suite of B2B2X solutions provided by DigiAsia include, but are not limited to, cashless payments, digital wallets, digital banking, remittances and banking licenses. DigiAsia has recently established a strategic initiative to develop its embedded FaaS enterprise solution with AI capabilities in Southeast Asia, India, and the Middle East, with plans for global expansion. For more information, please visit DigiAsia’s Corporate website here or Investor Relations website here.

Forward-Looking Statements:

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe”, “expect”, “anticipate”, “project”, “targets”, “optimistic”, “confident that”, “continue to”, “predict”, “intend”, “aim”, “will” or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that may be deemed forward-looking statements. These forward-looking statements including, but not limited to, statements concerning DigiAsia and the Company’s operations, financial performance and condition are based on current expectations, beliefs and assumptions which are subject to change at any time. DigiAsia cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors such as government and stock exchange regulations, competition, political, economic and social conditions around the world including those discussed in DigiAsia’s Form 20-F under the headings “Risk Factors”, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Business Overview” and other reports filed with the Securities and Exchange Commission from time to time. All forward-looking statements are applicable only as of the date it is made and DigiAsia specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained in this release or otherwise, in the future.

DigiAsia Company Contact:
Subir Lohani
Chief Financial Officer and Chief Strategy Officer
646-480-0142

Investor Contact:
MZ North America
Email: FAAS@mzgroup.us

GlobeNewswire Distribution ID 9217207

Green Transition: An Irreversible Global Trend and Vingroup’s Pioneering Steps

HANOI, VIETNAM – Media OutReach Newswire – 20 August 2024 – Vingroup, Vietnam’s largest private conglomerate, is leading the charge towards a sustainable future. As the global race to net zero intensifies, Vingroup is leveraging its resources to drive green initiatives across its businesses, from real estate to electric vehicles. The company is positioned as a pioneer in Vietnam’s green transition.

Vinhomes Ocean Park 1 urban area, part of the Vingroup ecosystem

Vingroup has clearly defined its pioneering role in promoting the green transition, not just through words but through concrete actions. Notable examples include Vinhomes’ green real estate strategy and VinFast’s electric vehicle product lines. These bold moves by Vingroup are shaping a green ecosystem, creating a new, environmentally friendly, and smarter lifestyle in Vietnam.

In the real estate sector, Vinhomes has pioneered the development of green urban areas, creating favorable conditions for residents to adopt a green lifestyle. With amenities such as electric vehicle charging stations and readily available electric buses, and meticulously planned green spaces, Vinhomes is not just building houses but also creating sustainable living environments where residents can enjoy a healthy, convenient life while contributing to environmental protection.

VinFast, Vingroup’s automotive arm, transitioned to producing fully electric vehicles in 2022. Through attractive promotional and marketing campaigns, this subsidiary has encouraged its Vietnamese customers to join the national green transition initiative while simultaneously transforming the entire automotive market landscape in the country. Customers enjoy perks like free parking, long-term free charging, and assistance with installing home charging stations. VinFast vehicles are not only environmentally friendly but also feature futuristic designs, smart safety features, and advanced technology, symbolizing a new lifestyle.

Having achieved unicorn status, VinFast earned a place on TIME Magazine’s 2024 list of the 100 Most Influential Companies, joining the ranks of global giants like Google, Microsoft, and BMW. VinFast is making a strong push into international markets, including the US, Canada, Europe, and Asian countries like India, Indonesia, and the Philippines.

On July 31st, the company made a significant move by opening its first Middle East showroom in Oman, marking its entry into this region. The next target markets are Qatar and the UAE, where VinFast has recently completed partnership agreements with local dealerships. VinFast’s diverse product portfolio and excellent after-sales services promise to deliver unique and exciting experiences in the journey toward electrification for consumers in the Middle East.

Vingroup’s real estate and electric vehicle sectors have become significant revenue drivers, exceeding $6.5 billion in 2023. In the first quarter of 2024, the company reported a consolidated net revenue of $853.7 million and a net profit of $52.5 million, highlighting its financial strength and the importance of its key business sectors.

In March 2023, Pham Nhat Vuong, Chairman of Vingroup, established GSM, Vietnam’s first all-electric ride-hailing service using 100% VinFast all-electric cars. These partnerships and initiatives not only promote VinFast electric vehicles but also help establish smart, environmentally friendly transportation habits among Vietnamese people.

With its strategic vision and concrete actions, Vingroup is not only solidifying its position in Vietnam but also making its mark internationally, building a green and smart ecosystem aimed at a sustainable future. Vingroup’s efforts were further recognized with the ASEAN Sustainable Technology Award 2023, affirming its commitment to integrating sustainable practices into its core business strategies. The path ahead holds immense potential, and this Vietnamese conglomerate appears well-positioned to make a lasting impact.

Solar Power Illuminates Crown Prince Camel Festival Square in Taif

The Taif Camel Square is unique among the 49 squares in the Kingdom of Saudi Arabia because it uses solar energy to light its main and secondary tracks. This feature is especially noticeable during the Crown Prince Camel Festival and other Saudi Camel Sports championships held at the venue. The Director of the Squares Department at the Saudi Camel Sports, Eng. Abdulrahman Al-Rashidi, stated that the square has 490 solar-powered light poles covering a distance of 10 kilometers. He elaborated that the festival's organizing committee benefits from this lighting during operational processes and the maintenance of the main and secondary track surfaces and also provides a valuable service to camel owners during training and endurance testing. The main and secondary tracks are constructed with high-quality soil that meets global standards to accommodate one of the world's most prestigious camel racing festivals. The soil is well-received by camel owners due to its soft, sandy texture, lack of stones, and resista nce to waterlogging, allowing for long-distance running without deterioration. The 10-kilometer racecourse consists of seven paved tracks, three of which are for camel owners and one is reserved for media and broadcasting channels. An external fence encloses the entire track to prevent unauthorized access. The track width at the starting line is 40 meters, narrowing to 12 meters at the finish line. Source: Saudi Press Agency

Iranian Revolutionary Guards: Our response to the assassination of Haniyeh may not be similar to previous operations

Spokesman for the Iranian Revolutionary Guards Ali Mohammad Naeini confirmed that Tehran's response to the assassination of the head of the political bureau of the "Hamas" movement, Ismail Haniyeh, may not be similar to previous operations. Naeini said: "We are the ones who control the time and the waiting period for the response may be longer, and the Zionists are living in a state of imbalance due to their fear of the response of Iran and its allies in the region." He added: "Our response to the assassination of the martyr Haniyeh may not be similar to previous operations, but it will be calculated and precise." He stressed that Iranian leaders have the experience and tactics to punish the enemy effectively. He stressed that "Iran will not leave any attack on Iranian targets without a response, and the enemy must wait for calculated and precise strikes at the appropriate time." He pointed out that "the criminal Zionist entity admits defeat today, and even American politicians have admitted this, and th erefore they have not achieved any of their malicious goals yet." Source: National Iraqi News Agency

Seven suspects arrested on terrorism, drug trafficking and currency counterfeiting charges in Baghdad and Karbala

Security forces arrested seven suspects on terrorism, drug trafficking and currency counterfeiting charges in Baghdad and Karbala. The Intelligence and Security Directorate stated in a statement: "The detachments of the Baghdad Intelligence and Security Directorate were able to arrest three wanted persons on charges of terrorism, drug trafficking and currency counterfeiting, against whom arrest warrants were issued, in various areas of the capital." It added that through accurate intelligence information, the Karbala Intelligence and Security Directorate detachments arrested three suspects in the act of drug trafficking and promotion, red-handed in Karbala Governorate, and seized various narcotic substances and drug paraphernalia in their possession. The substances were confiscated and the suspects were referred to the competent authorities. The Baghdad Operations Command forces arrested a dangerous terrorist suspect in the Tarmiyah area, north of the capital. The Command stated in a statement, "The suspe ct was arrested in a raid on his home, based on accurate intelligence information, and a number of phones (mobiles) and a laptop were seized in his possession." Source: National Iraqi News Agency

Military Intelligence Overthrows a Terrorist in Nineveh Governorate

The Military Intelligence Directorate detachments overthrew an ISIS terrorist in Nineveh Governorate. The Directorate stated in a statement: "The Military Intelligence Directorate detachments carried out a qualitative operation, which resulted in the overthrow of an ISIS terrorist on the right side of Mosul, based on accurate information from the Intelligence Division of the Sixteenth Division. He is wanted by the Iraqi judiciary according to the provisions of Article 4 of the Anti-Terrorism Law, and who belongs to and works with ISIS terrorist gangs." Source: National Iraqi News Agency

Two accused of drug trafficking arrested in Diyala

A security force arrested two accused of drug trafficking in Diyala. A security source told the correspondent of the National Iraqi News Agency / NINA /: "The security services continue their efforts to limit the spread of the dangerous drug phenomenon that has begun to ravage the youth and society, and during a security exercise in Baqubah, they were able to arrest two accused of drug trafficking." He added: "The accused were handed over to the competent authorities to take legal action against them." Source: National Iraqi News Agency

Basra Council discusses the formation of an environmental protection council in the province

Basra Governorate Council discussed enhancing environmental protection and forming a protection council in the province. The Council's media stated that "a number of members of the governorate Council held a meeting with those interested in environmental affairs and civil society organizations, to discuss the mechanism for forming an environmental improvement council in the province. The meeting discussed "the environmental challenges facing the province and the need to develop a comprehensive action plan to deal with those challenges and find solutions to them. Source: National Iraqi News Agency

Karbala Governor briefs Interior Minister, his Iranian counterpart and Defense Minister on Arbaeen visit plans

Karbala Governor Eng. Nassif Jassim Al-Khattabi received Defense Minister Thabet Al-Abbasi. The meeting was attended by Interior Minister Abdul Amir Al-Shammari, his Iranian counterpart Ahmad Vahidi, Head of the Hajj and Umrah Authority Sheikh Sami Al-Masoudi, Head of the Provincial Council and security leaders in the Ministries of Defense and Interior. The Defense Minister praised the organization and services provided to visitors and the efforts of service departments in Karbala Governorate, stressing the joint cooperation among the ministry, the governorate and other ministries with the aim of making the blessed visit plans a success. For his part, the Governor stressed that the joint efforts and integrated work between all governorate departments, holy shrines, ministries and federal bodies are among the basics of the success of the blessed visit plans and providing integrated services to visitors. Source: National Iraqi News Agency