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Indonesia’s Jakarta Fashion Week to hold first fashion show in metaverse

In the midst of the wave of brand platforms jumping into the metaverse, Jakarta Fashion Week (JFW) in Indonesia, which is entering its 15th year, will hold its first fashion show in the metaverse.

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GRAB-Singtel, Axiata’s Boost-RHB, Sea Ltd-YTL, AEON Credit’s consortiums among winners of Malaysia digital banking licenses

May 5, 2022

Bank Negara Malaysia announced the five successful applicants for the digital bank licenses as approved by the Minister of Finance Malaysia. The country will have three digital banks licensed under the Financial Services Act 2013 (FSA) and two Islamic digital banks licensed under Islamic Financial Services Act 2014 (IFSA).

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Latin America is the fastest-growing region for startups in the world

May 5, 2022

Latin America is the world’s most rapidly growing region when it comes to the funding of startup companies. According to Crunchbase, a leading business information company, venture capital investors poured a record $19.5 billion into startups based in Latin America last year. That was more than triple the amount invested in the region’s startups in 2020 and  in just the first two weeks of 2022, Latin American startups pulled in more than $450 million.

CDPI Emerging Markets
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CIAM Vendor Ping Identity Bought for $2.8 Billion by Private Investors

August 5, 2022

CIAM (Customer Identity and Access Management) was once largely about managing employee access to company systems, but it’s increasingly applied to consumer log-ins and identities as well.  This creates an overlap with the identity management systems more traditionally used for customer data.  The expanded market helps to explain why private investor Thoma Bravo just paid $2.8 billion for CIAM vendor Ping Identity, a 60% premium of its most recent stock price and just under 10x revenue.

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