Latest news with #PingPong
Malaysian Reserve
5 days ago
- Business
- Malaysian Reserve
PingPong launches InvestXB In Luxembourg, Bringing Next- Generation Infrastructure To Alternative Investments
LUXEMBOURG, June 16, 2025 /PRNewswire/ — PingPong, a pioneer of cross-border embedded payment solutions with an established presence in Luxembourg since 2017, today launches InvestXB, a next-generation infrastructure solution for alternative investment managers, administrators and corporate solutions providers in Luxembourg. InvestXB delivers fast and compliant financial solutions designed for investment professionals launching and operating investment vehicles in Luxembourg, with the capability to support investors and assets globally. A Trusted And Robustly Regulated Partner, Designed For Global Investment Professionals In 2020, PingPong received approval from Luxembourg's financial regulator (CSSF) to upgrade from a Payment Institution (PI) licence to an Electronic Money Institution (EMI) licence. This EMI licence includes passporting rights, allowing PingPong to operate across all European Economic Area countries under CSSF supervision and regulation. Our ability to accelerate multi-currency account opening and onboard investment vehicles with global investors and assets, without compromising compliance, allows our team to navigate this complex landscape with tangible results. InvestXB can onboard investment vehicles with global investors and assets, including international Ultimate Beneficial Owners (UBOs), setting us apart from legacy providers. What's more, InvestXB is one of the few non-banks that enables global investment vehicles to open a multi-currency Luxembourg-based IBAN, which will accept incoming funds in 23 currencies, hold multiple currencies to match fund obligations and offer disbursements in over 200 countries and regions. 'InvestXB's global capabilities truly set us apart in the Luxembourg market. We enable investment vehicles to seamlessly match their fund obligations with access to 23 currencies for receiving, exchanging and sending funds, while facilitating disbursements and managing FX across over 200 countries and regions. Our ability to onboard investment vehicles with global investors and assets, including international UBOs based anywhere in the world, gives investment professionals the flexibility they need in today's interconnected investment landscape,' said Pawel Stosik, General Manager at PingPong Europe SA. Rapid Operational Efficiency, With 24-Hour Account Opening For fund managers, a key aspect of fundraising is speed. Yet traditional banks and legacy providers often take weeks, if not months, to approve and open accounts, causing critical delays for fund incorporation and operation. InvestXB offers a better solution, opening accounts within 24 hours, facilitating blocking certificates in minutes and providing the ability to deploy capital faster. What's more, InvestXB will allow global investment vehicles to open additional accounts on the same day. Where others see complexity, we see value, positioning InvestXB to lead innovation while adhering to the highest regulatory standards. Global Capabilities Backed By Local Expertise And Knowledge Speed matters at every touchpoint, from opening an account to day-to-day operations. Customer service is outdated and inefficient due to a lack of investment from legacy providers, meaning fund managers and administrators are waiting weeks for responses from account managers. Investment managers, fund administrators and corporate service providers deserve better support and infrastructure. InvestXB provides access to a dedicated team based in our central Luxembourg office. Our account managers are experts in Luxembourg fund compliance, regulation, structures, and management, ensuring seamless cross-jurisdictional support throughout the entire fund lifecycle. 'Missing the window to collect capital can mean losing investors altogether. With InvestXB, investment professionals can open accounts in hours, not weeks, while accessing dedicated support from our Luxembourg-based team of experts in fund compliance, regulation, and structures. Having reliable local knowledge and support throughout the fund lifecycle is critical for fund managers. It's like having a concierge service for all your fund administration needs, a next-generation solution designed specifically for sophisticated investors,' added Pawel Stosik. Explore how InvestXB can streamline your fund setup and operations here: About PingPong PingPong established a presence in Luxembourg in 2017 and, in 2020, received an EMI licence in Luxembourg with passporting rights across the EEA, all to solve the immense challenge of scaling enterprise businesses globally. Fast forward to today, and PingPong has become one of the world's leading global cross-border payments platforms, processing more than $250 billion USD. InvestXB by PingPong is a next-generation infrastructure solution for alternative investment managers, delivering fast, compliant, and scalable financial solutions designed for fund managers setting up and operating investment vehicles in Luxembourg. PingPong currently has 32 offices in 15 countries and 1,500 employees. Our international presence helps businesses solve complex payment needs in every major economy across all time zones. Logo – –
Finextra
6 days ago
- Business
- Finextra
PingPong launches InvestXB in Luxembourg
PingPong, a pioneer of cross-border embedded payment solutions with an established presence in Luxembourg since 2017, today launches InvestXB, a next-generation infrastructure solution for alternative investment managers, administrators and corporate solutions providers in Luxembourg. 0 InvestXB delivers fast and compliant financial solutions designed for investment professionals launching and operating investment vehicles in Luxembourg, with the capability to support investors and assets globally. A Trusted And Robustly Regulated Partner, Designed For Global Investment Professionals In 2020, PingPong received approval from Luxembourg's financial regulator (CSSF) to upgrade from a Payment Institution (PI) licence to an Electronic Money Institution (EMI) licence. This EMI licence includes passporting rights, allowing PingPong to operate across all European Economic Area countries under CSSF supervision and regulation. Our ability to accelerate multi-currency account opening and onboard investment vehicles with global investors and assets, without compromising compliance, allows our team to navigate this complex landscape with tangible results. InvestXB can onboard investment vehicles with global investors and assets, including international Ultimate Beneficial Owners (UBOs), setting us apart from legacy providers. What's more, InvestXB is one of the few non-banks that enables global investment vehicles to open a multi-currency Luxembourg-based IBAN, which will accept incoming funds in 23 currencies, hold multiple currencies to match fund obligations and offer disbursements in over 200 countries and regions. "InvestXB's global capabilities truly set us apart in the Luxembourg market. We enable investment vehicles to seamlessly match their fund obligations with access to 23 currencies for receiving, exchanging and sending funds, while facilitating disbursements and managing FX across over 200 countries and regions. Our ability to onboard investment vehicles with global investors and assets, including international UBOs based anywhere in the world, gives investment professionals the flexibility they need in today's interconnected investment landscape," said Pawel Stosik, General Manager at PingPong Europe SA. Rapid Operational Efficiency, With 24-Hour Account Opening For fund managers, a key aspect of fundraising is speed. Yet traditional banks and legacy providers often take weeks, if not months, to approve and open accounts, causing critical delays for fund incorporation and operation. InvestXB offers a better solution, opening accounts within 24 hours, facilitating blocking certificates in minutes and providing the ability to deploy capital faster. What's more, InvestXB will allow global investment vehicles to open additional accounts on the same day. Where others see complexity, we see value, positioning InvestXB to lead innovation while adhering to the highest regulatory standards. Global Capabilities Backed By Local Expertise And Knowledge Speed matters at every touchpoint, from opening an account to day-to-day operations. Customer service is outdated and inefficient due to a lack of investment from legacy providers, meaning fund managers and administrators are waiting weeks for responses from account managers. Investment managers, fund administrators and corporate service providers deserve better support and infrastructure. InvestXB provides access to a dedicated team based in our central Luxembourg office. Our account managers are experts in Luxembourg fund compliance, regulation, structures, and management, ensuring seamless cross-jurisdictional support throughout the entire fund lifecycle. 'Missing the window to collect capital can mean losing investors altogether. With InvestXB, investment professionals can open accounts in hours, not weeks, while accessing dedicated support from our Luxembourg-based team of experts in fund compliance, regulation, and structures. Having reliable local knowledge and support throughout the fund lifecycle is critical for fund managers. It's like having a concierge service for all your fund administration needs, a next-generation solution designed specifically for sophisticated investors," added Pawel Stosik.
Yahoo
6 days ago
- Business
- Yahoo
PingPong launches InvestXB In Luxembourg, Bringing Next- Generation Infrastructure To Alternative Investments
LUXEMBOURG, June 16, 2025 /PRNewswire/ -- PingPong, a pioneer of cross-border embedded payment solutions with an established presence in Luxembourg since 2017, today launches InvestXB, a next-generation infrastructure solution for alternative investment managers, administrators and corporate solutions providers in Luxembourg. InvestXB delivers fast and compliant financial solutions designed for investment professionals launching and operating investment vehicles in Luxembourg, with the capability to support investors and assets globally. A Trusted And Robustly Regulated Partner, Designed For Global Investment Professionals In 2020, PingPong received approval from Luxembourg's financial regulator (CSSF) to upgrade from a Payment Institution (PI) licence to an Electronic Money Institution (EMI) licence. This EMI licence includes passporting rights, allowing PingPong to operate across all European Economic Area countries under CSSF supervision and regulation. Our ability to accelerate multi-currency account opening and onboard investment vehicles with global investors and assets, without compromising compliance, allows our team to navigate this complex landscape with tangible results. InvestXB can onboard investment vehicles with global investors and assets, including international Ultimate Beneficial Owners (UBOs), setting us apart from legacy providers. What's more, InvestXB is one of the few non-banks that enables global investment vehicles to open a multi-currency Luxembourg-based IBAN, which will accept incoming funds in 23 currencies, hold multiple currencies to match fund obligations and offer disbursements in over 200 countries and regions. "InvestXB's global capabilities truly set us apart in the Luxembourg market. We enable investment vehicles to seamlessly match their fund obligations with access to 23 currencies for receiving, exchanging and sending funds, while facilitating disbursements and managing FX across over 200 countries and regions. Our ability to onboard investment vehicles with global investors and assets, including international UBOs based anywhere in the world, gives investment professionals the flexibility they need in today's interconnected investment landscape," said Pawel Stosik, General Manager at PingPong Europe SA. Rapid Operational Efficiency, With 24-Hour Account Opening For fund managers, a key aspect of fundraising is speed. Yet traditional banks and legacy providers often take weeks, if not months, to approve and open accounts, causing critical delays for fund incorporation and operation. InvestXB offers a better solution, opening accounts within 24 hours, facilitating blocking certificates in minutes and providing the ability to deploy capital faster. What's more, InvestXB will allow global investment vehicles to open additional accounts on the same day. Where others see complexity, we see value, positioning InvestXB to lead innovation while adhering to the highest regulatory standards. Global Capabilities Backed By Local Expertise And Knowledge Speed matters at every touchpoint, from opening an account to day-to-day operations. Customer service is outdated and inefficient due to a lack of investment from legacy providers, meaning fund managers and administrators are waiting weeks for responses from account managers. Investment managers, fund administrators and corporate service providers deserve better support and infrastructure. InvestXB provides access to a dedicated team based in our central Luxembourg office. Our account managers are experts in Luxembourg fund compliance, regulation, structures, and management, ensuring seamless cross-jurisdictional support throughout the entire fund lifecycle. "Missing the window to collect capital can mean losing investors altogether. With InvestXB, investment professionals can open accounts in hours, not weeks, while accessing dedicated support from our Luxembourg-based team of experts in fund compliance, regulation, and structures. Having reliable local knowledge and support throughout the fund lifecycle is critical for fund managers. It's like having a concierge service for all your fund administration needs, a next-generation solution designed specifically for sophisticated investors," added Pawel Stosik. Explore how InvestXB can streamline your fund setup and operations here: About PingPong PingPong established a presence in Luxembourg in 2017 and, in 2020, received an EMI licence in Luxembourg with passporting rights across the EEA, all to solve the immense challenge of scaling enterprise businesses globally. Fast forward to today, and PingPong has become one of the world's leading global cross-border payments platforms, processing more than $250 billion USD. InvestXB by PingPong is a next-generation infrastructure solution for alternative investment managers, delivering fast, compliant, and scalable financial solutions designed for fund managers setting up and operating investment vehicles in Luxembourg. PingPong currently has 32 offices in 15 countries and 1,500 employees. Our international presence helps businesses solve complex payment needs in every major economy across all time zones. Logo - - View original content to download multimedia: Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
New Statesman
04-06-2025
- Business
- New Statesman
The lost futures of Stereolab
Photo by Joe Dilworth Nikolai Kondratiev was born in Russia in 1892. An influential theorist of the New Economic Policy under Lenin, in the 1920s he pioneered the idea that would define his posthumous reputation. Capitalist economies, he argued, underwent predictable cycles of about 50 years' growth followed by stagnation. In 1938, Kondratiev fell out of favour and was executed under Stalin's Great Purge. But after his death, his theory found acclaim in the West, memorialised as 'supercycles', or the Kondratiev wave. One small ripple from this theoretical legacy came in the summer of 1994, on the fringes of the British Top 40 singles chart. A basic schooling on the Kondratiev wave could be found in the lyrics of 'Ping Pong' by the avant-pop band Stereolab, a catchy, three-minute single sung in French-accented English, and built around sultry electric organ and sparkling, understated guitars. The release peaked at 45, mounting no threat to that week's imperial Wet Wet Wet chart-topper. From the vantage of the mid 2020s, perhaps Nineties guitar bands require their own theory of stagnation and growth. After long absences, this summer sees a new album by Pulp and the live return of Oasis (the latter a group impelled by very different economic theories). At a quieter volume in the public consciousness, we now have a largely unexpected new album by Stereolab, the long-running project of onetime romantic partners Tim Gane and Lætitia Sadier. Stereolab burst from the ruins of Eighties indie. Ilford-born Gane – a teenage devotee of experimental bands like Throbbing Gristle – was the guitarist in McCarthy, a badge-wearing socialist outfit whose verbose and accusatory songs included 'We Are All Bourgeois Now' and 'Should the Bible Be Banned'. At a 1988 Paris show, Gane met, and quickly began a relationship with, a McCarthy fan: Lætitia Sadier. Born in 1968, Sadier grew up in the eastern suburbs of Paris, interrupted by long stays in the US following her father's corporate job. Sadier briefly joined McCarthy before the band split in 1990. The pair then moved to south London, signed on to the dole, and plotted an entirely new project. By the Nineties, rock had amassed so much past that would-be musicians could pick a spot in virtually any niche of its history, and burrow there for a whole career. Stereolab's early releases were in thrall to the Seventies Düsseldorf duo Neu! and their propulsive, defiantly minimalist 4/4 beat. A rotating cast of musicians came and went around an unchanging nucleus of Gane, Sadier and the Australian guitarist Mary Hansen, whose bright, volleying harmonies with Sadier were the emotional centre of the band's sound. What set them apart was their politics. Gane wrote – and largely produced – the music, leaving lyrics entirely to Sadier. Delivered in a conversational but strident voice, Sadier sounded like a compelling sociology lecturer suddenly taking flight. On the single 'French Disko', which was performed on late-night TV's The Word, Sadier called for acts of 'rebellious solidarity' before a chorus of 'La Résistance!' But her lyrics tended towards affirmation rather than polemic. There was 'Ping Pong', with its Kondratiev chorus, and the playful 'Wow and Flutter', which does not on first listen sound as though it is questioning the supremacy of the IBM and US imperialism, but somehow pulls it off. In interviews, her political declarations were measured and playful, pondering to Melody Maker in 1993 what exactly to do about 'people like John Major' come the revolution. ('Do we kill them? Do we brainwash them? Do we get them to mop the streets?… That's a hell of a responsibility.') Through punk, the postwar Situationist International – a revolutionary Marxist alliance of artists and intellectuals – for a time held an outsized influence on pop music. You could detect their influence in Stereolab's fusing of anti-capitalist lyrics to the sounds of American consumerism, with their sincere adoption of Sixties bubblegum pop, easy listening and elevator Muzak. In the Eighties and Nineties, leftist bands as varying as the Style Council and the Manic Street Preachers practised entryism, smuggling leftist ideals through catchy pop. That was not Stereolab. 'I would go so far as to say we were avoiding going overground,' Sadier told the New York Times in 2019. Subscribe to The New Statesman today from only £8.99 per month Subscribe Instead, Stereolab protected their independence – releasing on their own Duophonic imprint – and got better. Between 1996 and 1999, Stereolab came good on the critic Simon Reynolds's declaration of the band as part of the 'post-rock' wave – meaning guitar bands who had been energised by the arrival of hip-hop and dance music. Emperor Tomato Ketchup, Dots and Loops and the sprawling Cobra and Phases Group Play Voltage in the Milky Night, released consecutively, were among the finest alternative albums of the 1990s, coming at the exact moment Britpop ran out of road. Suddenly, this DIY indie project encompassed glitchy German techno, rhythmic Brazilian jazz, sleek and severe 20th-century minimalism and a collagist approach that beat hip-hop samplers at their own game (later, rap producers including J Dilla, Tyler, The Creator, and Pharrell Williams would sample and praise specifically this era of the band). Playful and psychedelic, Stereolab almost resolved political music's central dilemma – that anyone buying the object probably agrees with you already – by flooding their work with what the critic Mark Sinker dubbed 'portals', meaning references to counter-cultural history from filmmaker Stan Brakhage to synth pioneer Wendy Carlos. This couldn't last. Cobra and Phases… received a cruel, attention-seeking 0/10 review from the NME, terming them 'culturally pointless'. It was a harbinger of more than just a casually cruel media culture, proving 2000s indie rock and its skinny-jeans-wearing acolytes would revive just about anything but an interest in politics. And far worse, Stereolab were struck by tragedy. In 2002, Mary Hansen was killed in a traffic accident aged 36. Gane and Sadier separated, and a grief-stricken band lost their zeal. Stereolab's hiatus in 2009 barely caused a ripple. Instant Holograms on Metal Film is the first new Stereolab studio album since 2008's Chemical Chords. After reforming for what appeared to be a slightly awkward, financially necessitated reunion in 2019, something seemed to stick: Stereolab have toured whenever possible since. The first sounds on Instant Holograms are one minute of silvery, arpeggiated synthesizers, introducing the record like some long-lost Eighties television ident. 'Aerial Troubles', the first full-length song on the album, opens with Sadier's declaration – her voice deeper and richer – that 'the numbing is not/it is not working any more'. This is an album uniquely concerned with consumption, greed ('an unfillable hole, insatiable') and 'dying modernity'. Stereolab are back, and they've never sounded so disappointed. On first listen, it surprises that the bubblegum colours Stereolab painted in during the Nineties have been drained to a slightly more parched canvas. On repeat listens, this is to the album's benefit. If Instant Holograms is largely a retread of former Stereolab sounds – and it is – what is different and manages to convince, is its more downcast mood. 'Ego skyscraper, erect and collapsible', mourns Sadier on the mid-tempo, gently exploratory 'Immortal Hands', 'nihilistic and vulgar'. More than any other Stereolab release, Instant Holograms does not leave the subject of life under capitalism. The strange romantic songs or surreal asides that were once part of the band's coalition are this time absent. This could all be a bit much, but what separates Sadier from a bad case of what we might call the 'Ian Browns' (specifically the one-time Stone Roses frontman's dire Covid-sceptic barkings about 'masonic lockdowns' and '5G radiation') is the glacial, cool manner in which she delivers them. It is also the way that the music appears to offer solutions, glimpses of possibility. Take that track: what begins as a downcast plea suddenly fizzes into mutant disco, bursting bright with horns and recalling their most expansive material on the classic Dots and Loops. Ditto the track 'Vermona F Transistor', in which – against a lovely, woozy Tim Gane guitar line – Sadier's phrases begin to suddenly drown in bubbling, electronic vocal effects, rendering them absurd, suggesting their own slipperiness. Stereolab broke out at a time when – even for experimentally minded Marxists – the mood was playful and the forecast optimistic. Putting it mildly, this is not the case today. Instant Holograms will not command much of the same audience as Oasis's return, but the continuing appeal of both is more similar than either would admit: those listening to Stereolab will be hoping to set the clock back to half-past-the-Nineties as much as those in bucket hats at Heaton Park. But on the final song 'If You Remember I Forgot How to Dream Pt 2', Sadier closes with a rebuke to the numbing that featured earlier in the album, emphasising the 'power to choose' and the 'courage to heal'. On Instant Holograms, Stereolab find new ways to explore and analyse the disappointing world around them. Useful lessons, some might say. 'Instant Holograms on Metal Film' by Stereolab is out now on Warp Records [See also: Lorde's Brat moment] Related
Yahoo
02-06-2025
- Business
- Yahoo
PingPong Expands Leading B2B Cross-Border Payments Platform Into Malaysia, Further Unlocking Southeast Asia For Enterprise Clients
PingPong has been granted a Money Services Business Licence Class B from Malaysia's central bank, Bank Negara Malaysia, unlocking a USD $445 billion economy for enterprises, financial institutions, and SaaS companies expanding into and out of Malaysia. This follows PingPong's recent expansion into Indonesia and existing presence in Vietnam, Thailand, Singapore, and the Philippines, further expanding PingPong's comprehensive portfolio of over 60 global licences. KUALA LUMPUR, Malaysia, June 2, 2025 /PRNewswire/ -- PingPong, the world-leading provider of cross-border embedded payment solutions for enterprises, is pleased to announce that it has been granted a Money Services Business Licence from Malaysia's central bank, Bank Negara Malaysia. This latest licence further enhances PingPong's extensive portfolio of over 60 global licences, unlocking even more cross-border opportunities for enterprises on PingPong's platform. Malaysia offers significant growth opportunities for enterprises looking to scale in Southeast Asia. Its GDP is expected to reach $445 billion USD by the end of 2025 and grow by 33% by 2030, reaching $600 billion USD. International trade is a significant part of Malaysia's wealth, valued at 132% of GDP in 2023. Financial services and fintech companies are thriving across Southeast Asia, with Malaysia emerging as a key player. The country ranks third in the region in terms of the number of fintech companies it has, and it is poised for significant growth. Malaysia's fintech sector is projected to double, from $54 billion USD in 2025 to $111 billion USD by 2030, reflecting a robust compound annual growth rate (CAGR) of 16%. Its strategic location, high digital adoption rate, and robust financial sector have made it one of the key growing countries in Southeast Asia. Jianqin Shu, Partner and APAC General Manager at PingPong, said, "As one of the most strategically positioned and rapidly growing economies in Southeast Asia, Malaysia presents an incredible opportunity for enterprises scaling their global operations. Securing a Money Services Business licence positions PingPong at the heart of this growth, empowering us to support Malaysia's expanding fintech and financial services ecosystem, meeting the rising demand for efficient, compliant cross-border payment solutions. This milestone enables us to extend our global reach further and provide enterprises with end-to-end, one-stop payment services." This approval from Bank Negara Malaysia further adds to PingPong's significant portfolio of over 60 global licences across the United States, EU, UK, Hong Kong, mainland China, Canada, Australia, Japan, Singapore, Indonesia and other countries and regions worldwide. About us PingPong was founded in New York in 2015, with the goal of solving the immense challenge of scaling enterprise businesses globally. Fast forward to today, and PingPong has become one of the world's leading global cross-border payments platforms, processing more than $250 billion USD. Our API-first cross-border payments platform integrates with enterprises to send, manage, and receive money faster on a global scale. PingPong currently has 37 offices in 15 countries and 1,500 employees. Our international presence helps businesses solve complex payment needs in every major economy across all time zones. Logo - Sign in to access your portfolio
