BGC Group appoints Jarrod Reidy as Director of HR Outsourcing and Enhanced EOR Services for Asia Pacific

by Ferry Bayu | Sep 5, 2023 | Business

BGC Group names Jarrod Reidy as Director: HR Outsourcing Alongside Enhanced EOR Services for the Asia Pacific Region

[Singapore, 05/09/2023] — BGC Group, a pioneering force in
the Recruitment & HR industry, proudly unveils two significant milestones
that are set to redefine its influence across the Asia Pacific Region.

Meet Jarrod Reidy: Driving HR Outsourcing
Excellence

BGC Group is thrilled to welcome Mr. Jarrod Reidy as the
Director of HR Outsourcing in APAC. With over a decade of experience, Mr. Reidy
has expertly guided international clients through the complexities of HR and
compliance landscapes across multiple countries. This aligns perfectly with BGC
Group’s commitment to delivering people-first solutions, supported by
technology.

Tristan Chew, CEO of BGC Group, emphasized the significance
of the appointment, stating, “Mr. Jarrod Reidy’s selection as the Director
of HR Outsourcing is a strategic move for our organization. His understanding
and experience in the region will undoubtedly elevate our HR outsourcing
initiatives and empower our clients to thrive in the ever-evolving HR landscape.”

In his new role, Mr. Reidy will be instrumental in
overseeing operations, fostering partnerships, driving sales, and shaping
marketing activities.

Enhanced EOR Services for the
Asia Pacific Region

In tandem with this leadership
addition, BGC Group unveils its elevated Employer of Record (EOR) services,
designed to support businesses expanding into the dynamic Asia Pacific Region.

Expanding into new markets, through
the establishment and maintenance of legal entities in each location, involves
risks, uncertainties, as well as significant time and cost, as businesses
navigate unfamiliar local regulations and compliance complexities.

BGC Group’s EOR solution streamlines
this process by utilizing its existing infrastructure and entities, serving as
the legal employer of workers, and managing all compliance, HR, payroll, benefits,
and administration tasks for clients.

“Our
EOR services provide businesses with an innovative expansion approach,”
confirmed Mr. Reidy. “Now covering 14 countries across APAC, we offer a
comprehensive turnkey solution, enabling organizations to go global whilst concentrating
on their core objectives.”

As BGC Group expands its
horizons with EOR services, it offers opportunities for businesses to navigate
new landscapes, access top talent, enable remote work, and drive strategic
growth without geographic limitations.

For further information or media inquiries, please contact: eo*@***************up.com.

BGC Group is a leading Recruitment, Employer of Record (EOR), HR & Payroll Outsourcing firm. Since our establishment in 2005, our highly experienced team has been at the forefront of providing hiring and compliance services.

GXBANK is the first to receive Malaysia Central Bank’s approval to start operations

by Ferry Bayu | Sep 5, 2023 | Business

GRAB-LED DIGIBANK GXBANK BECOMES FIRST TO GET MALAYSIA CENTRAL BANK’S APPROVAL TO COMMENCE OPERATIONS

The Grab-led digital bank, GX Bank Bhd (GXBank), is the ﬁrst of the ﬁve digital bank licence applicants to receive the approval to commence operations from the Minister of Finance and Bank Negara Malaysia (BNM) ahead of the April 2024 deadline set by BNM.

GXBank has completed an operational readiness review and has been approved to commence operations eﬀective Sept 1, 2023, the bank said in a statement on Tuesday.

GXBank will leverage technology and innovation to serve the needs of the unserved and underserved individuals, and micro and small medium enterprises (MSME). Additionally, the digital-only bank will support customers’ needs through various channels including a bank app and 24/7 customer support via multiple platforms, it added.

The lack of access to ﬁnancial services and its consequences in particular to the unserved and underserved segments and MSME is not new. The longstanding complexity of ﬁnancial access, coupled with the unprecedented events over the last few years, have eroded ﬁnancial buﬀers for individuals, households and businesses, the bank noted. Since the pandemic, 55 percent of Malaysians’ household income has decreased dramatically, with almost 50 percent now claiming to have diﬃculty raising at least MYR1,000 ($214.49) as emergency funds.

GXBank, with more than 95 percent Malaysian employees from both the technology and finance sectors, is led by Pei Si Lai, who brings with her over 25 years of extensive experience in consumer and commercial banking. The more than 200-strong team share the same conviction that combining today’s technology and finance expertise will provide the platform to empower local communities and businesses to be financially resilient.

“At GXBank, we are driven by our shared purpose and passion to bring positive transformation to the financial industry, starting with solutions to address the financial struggles of Malaysians and businesses. We are thankful for BNM’s guidance, support and trust in us to offer financial solutions and help the unserved and underserved communities achieve their dreams and better quality of life. Standing on Grab’s legacy of innovative tech and economic inclusion, we hope to redefine banking and reshape Malaysia’s financial landscape. Our collaboration with consortium partners such as Kuok Group and other industry players will enable us to work hand in hand, leveraging our respective ecosystems to nurture a resilient and financially inclusive Malaysia, where no one is left behind,” said Pei Si Lai, CEO, GX Bank Bhd.

Supporting GXBank is the newly appointed Board of Directors, spearheaded by Zaiton Mohd Hassan. She brings with her more than 30 years of experience in banking, audit, risk management and focus on governance and financial inclusion. Her previous roles in a variety of non-profit organisations and local banks reflects her deep passion to build and promote sustainable growth for the financially underserved.

Zaiton shared that the board is excited to be part of GXBank’s journey to drive real change and the reinvention of Malaysia’s financial sector. “We are at the forefront of the region’s fast evolving fintech landscape. With the collective strength of all our partners and digital banks in Singapore and Indonesia, GXBank is poised to offer equitable access to an innovative and transformational banking experience. We hope this will enable moreMalaysians to be financially independent, creating a better future for themselves, their families and the country,” said Zaiton.

With the commencement of operations, the bank will begin beta-testing its app – starting with its employees from GXBank, Grab and Kuok Group – and progressively roll out to a wider pool of users. This will enable GXBank to continuously receive feedback and refine the user experience before launching to the broader public.

GXBank is a subsidiary of GXS Bank Pte. Ltd., – the digital bank joint venture between Grab Holdings Ltd and Singapore Telecommunications Ltd (Singtel) – and a consortium of other Malaysian investors, including Kuok Group, founded by Malaysia’s richest tycoon Robert Kuok.

In Singapore, GXS Bank, which is backed by a consortium consisting of Grab Holdings (Grab) and Singtel, has launched Singapore’s first digital bank for consumers and businesses in August last year.

Banking made better
At GXS, we are a digital bank on a mission to make banking better for Singapore’s everyday consumers and small businesses.

(+65) 3105 2055
he**@*****om.sg

Homegrown Start-Up Responsible Cyber at Tech Week Singapore 2023: What to Expect

by Ferry Bayu | Sep 5, 2023 | Business

Going Above and Beyond: Here’s what you can Expect from Homegrown Start-Up Responsible Cyber at Tech Week Singapore 2023

SINGAPORE, September 5 — Chaos, destruction, and dystopia are not typically thoughts you expect to entertain when going through the aisles of a technology event for business. A homegrown cyber security and risk management start-up Responsible Cyber seems hell-bent (pardon the language; seems apt given the context) on getting visitors to take off their rose-tinted glasses and see risk aversion, an oversubscribed maladaptive coping strategy, for what it is.

Set within a post-apocalyptic themed booth, Responsible Cyber is staging a compelling narrative on why having a robust and resilient architecture for managing third-parties is essential to ensuring the integrity and immutability of the data an organisation protects.

Indeed, the strategy that Responsible Cyber is adopting signals a clear delineation from the traditional approach of making visitors feel safe.

“Anyone who’s been in cyber security for any amount of time will know that the job involves getting down into the trenches, diving deep into the technical details, investigating security incidents, analysing vulnerabilities. It’s not pretty,” remarks Co-founder and Chief Technology Officer Mikko Laaksonen.

“If anything, it’s like entering a battleground, and practical knowledge and skills are essential. Our booth will hopefully encapsulate that rhetoric.”

As a teaser, visitors can look forward to:

-Acertifiably Gram-worthy Installation

-A Towering Display visible from across the room

-Enjoy Special Occasion Savings with every purchase of an Autographed Copy of “Building a Cyber Resilient Business”

-Meet and Greet with World Economic Forum’s Expert on Cyber Security, Dr Magda Chelly

-Safepicking demo and sharing, followed by first-hand experience

-Carefully Curated Gift Bags (first-come first-serve basis) worth its weight in gold in the next pandemic

-Ad-hoc Demos of our revolutionary ecosystem risk management platform IMMUNE X-TPRM –

When asked why the push for something so massively different from the norm, Co-Founder and Managing Director Dr Magda Chelly says “We are a start-up; we are known for thinking out of the box, and that’s what I want people to know about Responsible Cyber and our solutions – if our customers need a specific solution for managing their ecosystem risks, they can come to us and we will deliver.”

Tech Week Singapore is renowned for connecting cyber security professionals and business leaders with the industry’s brightest minds and most innovative solutions. Its 2022 edition saw an impressive turnout of 22,885 attendees ranging from C-Suites to start-ups, solidifying its status as Asia’s most important technology event for business.

In a massive push for brand awareness, the start-up will have a whopping 36 square metre booth by the entrance of Cyber Security World Asia, and a digital presence on the Tech Week Singapore app across five shows: Cloud Expo Asia, Cyber Security World Asia, Data Centre World Asia, Big Data & AI World Asia and eCommerce Expo Asia.

Amid this buzz, Responsible Cyber will also shine the spotlight on its flagship product, IMMUNE X-TPRM, as a beacon of hope identifying and neutralising unknown and foreign elements – a metaphor for the SaaS platform’s advanced capabilities in facilitating the timely detection and mitigation of potential threats and risks.

Are you keen on ecosystem risk management? We would love to share how our customers approached this journey and why they adopted IMMUNE X-TPRM.

If you’d prefer to have an in-person chat, visit Responsible Cyber’s E-zone on the Tech Week Singapore app and we’ll schedule time for a chat.

About Responsible Cyber

IMMUNE X-TPRM is our answer to modern third-party risk management challenges. On the other hand, IMMUNE GRC is designed to streamline governance, risk, and compliance processes.

To learn more about Responsible Cyber, visit www.responsible-cyber.com

Media Contact
Wen Sin LIM
in**@***************er.com

Responsible Cyber Licensed for Penetration Testing in Singapore

by Ferry Bayu | Sep 5, 2023 | Business

Responsible Cyber Officially Licensed to Provide Penetration Testing Services in Singapore

SINGAPORE, September 5 – Responsible Cyber, a leading name in the cybersecurity sector, proudly announces that it has been officially granted the license to provide Penetration Testing Services in Singapore. The license, bearing the License No: CS/PTS/C-2023-0413, is a testament to the company’s commitment to adhering to the highest standards of cybersecurity practice.

In recent years, cyber threats have shown a significant increase, posing grave risks to businesses and consumers alike. With this official recognition, Responsible Cyber is poised to help companies in Singapore bolster their defenses, ensuring a robust security posture in the face of evolving cyber threats.

Companies are now strongly encouraged to engage with licensed cybersecurity service providers. This license assures clients that they are partnering with a provider that has met stringent requirements set by regulatory authorities, ensuring top-tier service quality and expertise.

“We are thrilled to receive this license, as it underscores our dedication to providing exceptional cybersecurity services,” said Dr. Magda Chelly, Managing Director of Responsible Cyber. “We are committed to helping businesses in Singapore safeguard their digital assets and maintain the trust of their stakeholders. With this recognition, we are better equipped to achieve that goal.”

Engaging with a licensed provider like Responsible Cyber ensures that companies are getting not just expert service but also a partner who remains up-to-date with the latest in cybersecurity trends, techniques, and threats.

Responsible Cyber has consistently showcased its prowess in the realm of cybersecurity. With this new license, it further establishes its position as a reliable and esteemed cybersecurity service provider in Singapore.

Responsible Cyber Pte. Ltd is a Singapore-based cyber security and risk management start-up established in 2016 by industry veterans Magda Chelly and Mikko Laaksonen. Today, the company has a presence in the UK, France and Poland. Its corporate shareholders include Singtel Innov8 and NUS Enterprise. The company stands at the forefront of cyber security innovation with the introduction of two pioneering AI-powered products: IMMUNE X-TPRM and IMMUNE GRC.
IMMUNE X-TPRM is our answer to modern third-party risk management challenges. On the other hand, IMMUNE GRC is designed to streamline governance, risk, and compliance processes.
To learn more about Responsible Cyber, visit www.responsible-cyber.com

Wen Sin LIM
in**@***************er.com

SM eyes opening 2 new malls this year, 5 next year

by Ferry Bayu | Sep 5, 2023 | Business

SM eyes opening 2 new malls this year, 5 next year

MANILA – SM Supermalls is planning to open two new malls this year and another five outlets by 2024, its President Steven Tan said on Monday.

The Sy-led group said it remains optimistic about growth in the retail industry, which is expected to get a boost from the onset of the “ber months” or the start of the holiday season. Shoppers usually flock to the malls as they prepare for the holiday season.

In a briefing ahead of SM Supermalls’ Tenant-Partners Summit, Tan told ABS-CBN News that they are also expecting higher demand in the coming months despite elevated inflation.

“People will come back to the malls… We had more serious crises but Filipinos are more resilient and love going out,” he said.

“There may be [a] shift in prioritization but we’re confident with the retail environment with ‘ber’ months and the shifting of the school year,” he added.

He also said the company’s performance in the first quarter was “even better than pre-pandemic level.” Tan also said they are boosting their online shopping platforms to offer more options for consumers.