An established fintech company, Liri Holdings LTD. revealed in the recent issue of CIO Advisor Magazine that they consider integrating blockchain technology into their payments solutions. The company, known for providing cutting-edge fintech solutions, is once again among the Top 25 Companies that will be featured in the magazine’s June 11, 2018 issue.

To meet the growing demand of providing convenient fund transactions, LIRI HOLDINGS LIMITED was happy to announce that they consider incorporating blockchain technology and plans to invest in cryptocurrencies; such technologies will further streamline fund transactions between businesses. LIRI HOLDINGS LIMITED keenly observed the shortcomings experienced by traditional banking systems in keeping consumers satisfied with their services. Many of today’s banks have to deal with impractically strict regulations compliance and inefficient systems.

The company’s Vice President for Global Strategy, Samuel Appadoo, said that the company is constantly improving its strategies to satisfy more customers. By hosting its own payment gateway, LIRI HOLDINGS LIMITED was able to offer e-wallet and remittance solutions to businesses, enabling them to have a secure and robust transaction processes. The company’s money platform is a front-end interface allowing businesses to efficiently access multi-currency and multi-channel collection and payment worldwide. Known for implementing the latest technologies, LIRI HOLDINGS LIMITED see itself expanding to continents like Africa, Europe, Asia-Pacific, and the U.S.

In 2017, LIRI HOLDINGS LIMITED was also among the top 25 FinTech companies in the Asia-Pacific region as recognized by the APAC CIOoutlook Magazine.

The CIO Advisor June 2018 issue observed the ultra-fast “changing paradigm of technologies.” The magazine’s Managing Editor, Selena James clearly described how the world is overwhelmed by technology advancements. One of the notable advancements cited by James is when the tech giant Google introduced its breakthrough, Google Assistant, which allows an artificial intelligence to speak to a human over the phone.

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LIRI HOLDINGS LIMITED was included among the top 25 FinTech companies of 2017 in the Asia-Pacific region, according to the APAC CIOoutlook Magazine on their December 2017 issue, pages 15-17 . With the proliferation of new and re-established financial institutions focusing on digital technology, the Magazine aims to identify organizations that are working towards customer satisfaction, excellence in product development and innovation.

Annie Johnson, Managing Editor of the Magazine, wrote that “the list is a mix of traditional and new age Fintech service providers that have marked meritorious presence in the industry and impacted their clients’ businesses.”

“As the Fintech sector is innovating new products and services, it is essential to keep track of the emerging financial solutions providers. The list highlights some of the most significant firms who are efficient in assisting their customers towards a path of excellence,” says the Magazine feature article.

In the same magazine issue on page 47, LIRI HOLDINGS LIMITED was also featured in one of its pages, discussing the “unique possibilities of FinTech” that LIRI HOLDINGS LIMITED explores – including in-demand remittance transactions, virtual banking, prepaid cards, foreign exchange and even digital currencies trading such as Bitcoin – offered economically by utilizing its global network of banks and payment partners – ultimately providing bespoke financial services to individuals and corporate organizations.

Amidst the speed in which technology advances, there are still traditional financial institutions that have not yet realized the full potential of digital technology. This was addressed by Samuel Appadoo, Senior Vice President of LIRI HOLDINGS LIMITED, in his statement that “[Fintech industry] will have an effect [to the banking industry] in the next 5 or 10 years…hopefully the banks will change their philosophy one day and adapt.”

The APAC CIOoutlook Top 25 Fintech Companies of 2017 were listed alphabetically and in no particular order.

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LIRI HOLDINGS LIMITED VP Samuel Appadoo said, “FinTech is the future of the banking and financial industry. We, as a money infrastructure provider, are supporting the most convenient and cost-effective path to transfer money globally for commercial enterprises and corporate organizations.”

For this selfsame reason, LIRI HOLDINGS LIMITED has always been innovating and extending its reach. It is a financial technology company offering e-wallet solutions, money transfer services, prepaid debit cards, merchant account services, business consultancy, and offshore incorporation globally. It holds offices in Hong Kong, Shanghai, Taiwan, South Korea, Philippines, Singapore, Ireland, United Kingdom, New Zealand, and the UAE. Designs to put up new offices in Africa and the Pacific region to live up to the demands of their worldwide clientele are being undertaken.

The company began with 10 founding members from Japan and Europe. Aspiring to build cross-border business simpler and less expensive, they embarked on building up a money platform brand which is Account.

“After careful listening to our clients’ demands and total understanding of their requisites, we tailor-made a resolution for each client. It has been a Liri Holding’s recipe for success,” says Appadoo.

The company’s mission is to extend services with more convenience and a lot cheaper than that of a traditional bank.

LIRI HOLDINGS LIMITED has three main pillars: a money platform which is a secured e-wallet/remittance solution known as Account where individual or corporate clients can receive funds and make remittance transactions within a secured web-based solution or through a mobile app; a prepaid debit card called i-Card in which funds or payment of salaries can be transferred instantly from the client’s wallet to the card and can be used to withdraw from ATMs worldwide, point-of-sale and online payments; and a payment gateway to allow clients to process credit card transactions for their online stores – the i--Payments based in the UK and IAC Payment Services Provider which is based in Dubai, UAE. They too furnish a white label solution which incorporates all the above.

Carrying such a commercial initiative is a worthwhile challenge because it comprises of so many facets of engineering, management, finance, and compliance altogether.

That’s why LIRI HOLDINGS LIMITED invests wisely in their IT infrastructure. Ensuring the systems are up-to-date is critical, since they deal with client data with extreme confidentiality. The company leaves no stone unturned to have their security system in tip-top shape -- depending on their standard encryption SSL technology and a cutting-edge firewall system to prevent unauthorized access. Ensuring as well that client information is safeguarded from data theft, prevention of unauthorized access through an international standard server. Maintaining anti-phishing strategy based on VeriSign EV SSL, and compliance on Strict User Authentication Procedures.

Since all their services are duly licensed, there is also the fact that they are liable not only to their clients, but also to their regulators in Hong Kong, UAE, Philippines, UK, New Zealand, Singapore, among others -- the reason why LIRI HOLDINGS LIMITED is exceedingly cautious in their choice of IT infrastructure and software for their IT park.

While the customer base for LIRI HOLDINGS LIMITED mainly consists of banks, corporate organizations and payment service providers, they focus more on B2B and proudly put themselves as a money infrastructure for corporate and financial establishments, which is their competitive edge.

In general, it is understood that inter-bank transfer is established on a SWIFT transaction, but apart from this, there are many other money transfer methods existing independently. It is necessary to incorporate all these methods together for the customer’s convenience and welfare. Additionally, small companies and a heap of people are not satisfied with existing bank services. There is a timely need to provide an alternative banking and financial solution to such clients.

“At LIRI HOLDINGS LIMITED, we trust that open innovation and collaboration will enable and empower FinTech startups and corporations to not only address changing customer needs, but to do so at a faster rate with a more meaningful impact,” Appadoo stressed.

Shanghai will play host for the China Offshore Financial Summit to be held on November 4-5th, 2015, which is such a great honor for LIRI HOLDINGS LIMITED to be invited and be part. Onshore and offshore financial, compliance experts as well as government officials will flock to the center of Lujiazui Financial Center in Pudong to share their valuable insights and experience.

Day Two of the summit will have Chinese advanced financial intermediaries, professional associations, international trust companies, bankers, lawyers and company service providers to comprehensively discuss investment, trading and wealth management and so on.

LIRI HOLDINGS LIMITED will introduce four of our services - Account Service, Prepaid Card Service, Online Merchant Service and Forex Broker Package, which all aim to provide the perfect financial solution to corporations who need them.

Through this summit, we hope to meet more counterparts and clients, create more business opportunities, master more real time information and corporation needs, and to constantly develop and improve our products and service.

China Offshore Summit official website: http://shanghai.chinaoffshoresummit.com.hk