Latest news with #TheAssetTripleAAward
The Sun
24-06-2025
- Business
- The Sun
XTransfer Wins Best Payments and Collections Solution at The Asset Triple A Awards 2025
HONG KONG SAR - Media OutReach Newswire - 24 June 2025 - XTransfer, the World's Leading & China's No.1 B2B Cross-Border Trade Payment Platform, is proud to announce that, together with Deutsche Bank, it has been awarded the 'Best Payments and Collections Solution – Hong Kong' at The Asset Triple A Awards 2025. The 'Best Payments and Collections Solution – Hong Kong' award acknowledges XTransfer's remarkable accomplishments in advancing payment and collection solutions. In collaboration with Deutsche Bank, XTransfer offers the 'Global Multi-Currency Account', which allows clients to seamlessly receive multiple currencies within a single account, significantly enhancing treasury management efficiency. This award highlights the outstanding capabilities of both parties in providing efficient, secure, and convenient cross-border payment and collection services for small and medium-sized enterprises (SMEs). Bill Deng, Founder and CEO of XTransfer, remarked, 'We are deeply honoured to receive The Asset Triple A Award. This recognition is a testament to the exceptional efforts of our team in providing secure, low-cost, fast, and convenient payment solutions for global foreign trade enterprises. From the very beginning, XTransfer has been committed to helping businesses overcome the complexities and high costs of cross-border payments through technological innovation and high-quality financial services, enabling them to compete in the global economy with lower barriers to entry. Looking ahead, XTransfer will further strengthen its collaboration with Deutsche Bank and other leading international financial institutions to enable enterprises to enjoy the same level of cross-border financial services as large multinational corporations.' Chintan Shah, Deutsche Bank's Head of Corporate Coverage for APAC & MEA said: 'One of our core strengths as a Global Hausbank is helping companies expand their reach through our cross-border payment capabilities and broad global network. We are delighted for our multi-currency payment solution for XTransfer to be recognised by The Asset, and we look forward to continuing to find new and innovative ways to help them broaden their capabilities, streamline processes and empower their clients to navigate global trade to increase their competitiveness.' The Asset Triple A Awards, organised by The Asset magazine, holds high esteem within the financial industry and celebrates outstanding achievements and best practices of companies that have launched or helped implement initiatives in corporate treasury management, trade finance, supply chain and/or risk management in Asia Pacific, the Middle East, Europe and North America. About XTransfer XTransfer, the world-leading and China's No.1 B2B Cross-Border Trade Payment Platform, is dedicated to providing small and medium-sized enterprises (SMEs) with secure, compliant, fast, convenient and low-cost foreign trade payment and fund collection solutions, significantly reducing the cost of global expansion and enhancing global competitiveness. Founded in 2017, the company is headquartered in Shanghai and has branches in Hong Kong SAR, the United Kingdom, the Netherlands, the United States, Canada, Australia, Singapore, Vietnam, Thailand, Malaysia, the Philippines, the UAE, and Nigeria. XTransfer has obtained local payment licenses in Mainland China, Hong Kong SAR, Singapore, the United Kingdom, the Netherlands, the United States, Canada, and Australia. With more than 600,000 enterprise clients, XTransfer has become the industry No.1 in China. By cooperating with well-known multinational banks and financial institutions, XTransfer has built a unified global multi-currency clearing network and a data-based, automated, internet-based and intelligent anti-money laundering risk control infrastructure centred on SMEs. XTransfer uses technology as a bridge to link large financial institutions and SMEs around the world, allowing SMEs to enjoy the same level of cross-border financial services as large multinational corporations. XTransfer completed its Series D financing in September 2021 and achieved unicorn status. The Company possesses a diverse composition of international investors, including D1 Capital Partners LP, Telstra Ventures, China Merchants Venture, eWTP Capital, Yunqi Capital, Gaorong Capital, 01VC, MindWorks and Lavender Hill Capital Partners.
Business Standard
11-06-2025
- Business
- Business Standard
Quest Global and ING Honoured with The Asset Triple A Award for Sustainable Finance 2025
PRNewswire Bangalore (Karnataka) [India], June 11: Quest Global, a leading global engineering services firm, today announced that it has been recognized with The Asset Triple A Award for Sustainable Finance 2025 in South Asia, in partnership with ING, in the category of 'Best Sustainability-Linked Loan - Engineering Services.' This achievement is particularly noteworthy as Quest Global is the first engineering services company to have achieved this milestone. This prestigious award celebrates the innovative integration of sustainability into Quest Global's financial strategy. The award acknowledges Quest Global's and ING's pioneering approach to embedding sustainability within the company's financing framework, a practice that remains relatively uncommon in the outsourced engineering services sector. The developed sustainability-linked loan (SLL) features a balanced discount and penalty mechanism, strategically designed to incentivize Quest Global to achieve significant advancements in its sustainability objectives through enhanced EcoVadis assessment scores. "We are deeply honoured to receive this distinguished award from The Asset," stated Rajendra Shreemal, Chief Financial Officer, Quest Global. "This recognition underscores our unwavering commitment to sustainability in our business and financial strategy. Our collaboration with ING has been pivotal in crafting a sustainable financing solution. We would like to extend our gratitude to ING for their expertise in structuring this deal and identifying a sustainability-linked loan opportunity with our banking partners." "We're proud to showcase ING's structuring expertise through innovative solutions like this sustainability-linked loan. It underscores our commitment to supporting clients across sectors, including engineering services, in embedding sustainability into their core strategies. We're honoured that this collaboration is being recognised as a benchmark for impactful financing in the region," said Michelle Kong, Head of Sector Coverage for ING Asia Pacific. The Asset Triple A Awards for Sustainable Finance recognize organizations across Asia that actively contribute to and exemplify the burgeoning landscape of sustainable finance. The 'Best Deals for Sustainable Finance' category, nominated by participating banks, recognizes transactions that champion sustainable finance across diverse financial instruments, with a focus on their environmental and social contributions as defined by the 17 UN Sustainable Development Goals. With this prestigious award, Quest Global and ING reaffirm their commitment to leading the way in sustainable finance and driving positive change within the engineering services industry. About ING ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is: empowering people to stay a step ahead in life and in business. ING Bank's more than 60,000 employees offer retail and wholesale banking services to customers in over 100 countries. ING Group shares are listed on the exchanges of Amsterdam (INGA NA, Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N). ING aims to put sustainability at the heart of what we do. Our policies and actions are assessed by independent research and ratings providers, which give updates on them annually. ING's ESG rating by MSCI was reconfirmed by MSCI as 'AA' in August 2024 for the fifth year. As of December 2023, in Sustainalytics' view, ING's management of ESG material risk is 'Strong'. Our current ESG Risk Rating, is 17.2 (Low Risk). ING Group shares are also included in major sustainability and ESG index products of leading providers. Here are some examples: Euronext, STOXX, Morningstar and FTSE Russell. Society is transitioning to a low-carbon economy. So are our clients, and so is ING. We finance a lot of sustainable activities, but we still finance more that's not. See how we're progressing on ING In Asia Pacific In Asia Pacific, ING offers wholesale banking across 11 markets, namely Australia, China, Hong Kong SAR, India, Indonesia, Japan, the Philippines, Singapore, South Korea, Taiwan and Vietnam. ING offers both retail and wholesale banking services in Australia. ING's regional presence includes a 13% stake in Bank of Beijing, China and a 23% stake in TMBThanachart Bank in Thailand. About Quest Global At Quest Global, it's not just what we do but how and why we do it that makes us different. We're in the business of engineering, but what we are really creating is a brighter future. For over 25 years, we've been solving the world's most complex engineering problems. Operating in over 18 countries, with over 85 global delivery centers, our 21,000+ curious minds embrace the power of doing things differently to make the impossible possible. Using a multi-dimensional approach, combining technology, industry expertise, and diverse talents, we tackle critical challenges faster and more effectively. And we do it across the Aerospace & Defense, Automotive, Energy, Hi-Tech, MedTech & Healthcare, Rail and Semiconductor industries. For world-class end-to-end engineering solutions, we are your trusted partner.
