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Category: Banking

  • MIL-OSI: Mountain America Credit Union Welcomes Rob Brough as Chief Marketing Officer

    Source: GlobeNewswire (MIL-OSI)

    Experienced marketing leader joins credit union, bringing decades of strategic expertise and a passion for purpose-driven community impact 

    A Media Snippet accompanying this announcement is available in this link.

    SANDY, Utah, June 04, 2025 (GLOBE NEWSWIRE) — Mountain America Credit Union has announced the appointment of Rob Brough as its new senior vice president and chief marketing officer. He succeeds Sharon Cook, who recently retired after more than 15 years of visionary leadership and impactful contributions to the organization’s growth and member experience.

    Brough brings with him nearly 30 years of experience in marketing, communications and community involvement. Most recently, he served as executive vice president of corporate marketing and communications at Zions Bank, where he led marketing, branding, digital strategy, and community outreach across a 10-state region. In 2021, he was named CXO of the Year by Utah Business Magazine.

    “Rob’s track record of purpose-driven marketing, deep roots in community involvement and strong leadership make him the ideal person to build upon a legacy defined by innovation, integrity, and lasting impact,” said Nathan Anderson, chief operating officer at Mountain America. “We’re thrilled to welcome Rob to Mountain America and confident that his vision will further elevate how we connect with members, employees, and the community.”

    Mountain America’s marketing team plays a strategic role in the organization beyond traditional campaigns to share the credit union’s story, build trust, and promote the meaningful experiences that define the brand. The marketing team at Mountain America is integral to bringing the credit union’s mission, vision and values to life.

    “I have long appreciated the commitment I see from Mountain America to make a difference for members, for the community, and for employees,” Brough said. “I also have a tremendous amount of respect for those I have come to know from Mountain America over the years and admire the quality of marketing activity I have consistently seen from the marketing team. I am truly energized by this opportunity to join the Mountain America team and look forward to partnering with my new colleagues to build on the successes of the past and grow together into the future.”

    In addition to his professional accomplishments, Brough is active in community service. He serves as the chair of the Hale Centre Theatre board of trustees, a Mountain America community partner, and holds leadership or advisory roles with the South Valley Chamber of Commerce, American Heart Association, Utah Sports Commission, Fredette Family Foundation and Ronald McDonald House Charities.

    For more information about Mountain America visit macu.com.

    About Mountain America Credit Union
    With more than 1 million members and $20 billion in assets, Mountain America Credit Union helps its members define and achieve their financial dreams. Mountain America provides consumers and businesses with a variety of convenient, flexible products and services, as well as sound, timely advice. Members enjoy access to secure, cutting-edge mobile banking technology, over 100 branches across a multi-state region, and more than 50,000 surcharge-free ATMs. Mountain America—guiding you forward. Learn more at macu.com.

    The MIL Network –

    June 5, 2025
  • MIL-OSI USA: Read More (Rep. Steube Introduces “No Loan Forgiveness for Terrorists Act” to Codify Trump Executive Order)

    Source: United States House of Representatives – Congressman Greg Steube (FL-17)

    June 04, 2025 | Press ReleasesWASHINGTON — U.S. Representative Greg Steube (R-Fla.) today introduced the No Loan Forgiveness for Terrorists Act to codify President Trump’s executive order prohibiting the Public Service Loan Forgiveness program from crediting employees of organizations engaged in illegal activity.
    “If someone accepts a job with an organization that is actively undermining U.S. national security and federal law, they shouldn’t expect a thank you note and taxpayer-funded prize for their work,” said Rep. Steube. “President Trump’s executive order to protect the Public Service Loan Forgiveness program is the right policy to prevent the subsidization of illegal activity. That is why Senator Banks and I have set forward this bill to codify President Trump’s order and ensure nefarious non-profits and their employees are not rewarded with student loan forgiveness that should be reserved for law enforcement and deserving public servants.”
    Senator Jim Banks (R-Ind.) introduced companion legislation last month in the U.S. Senate.
    “Taxpayers shouldn’t be forced to pay student loans for radicals who aid terrorists, mutilate children, or promote illegal immigration,” said Senator Banks. “This bill codifies President Trump’s order to stop subsidizing anti-American extremism.”
    Background: This bill would amend the scope of a “public sector job” under the Higher Education Act to disqualify time spent with entities that are found to be in violation of federal immigration and tort laws, supporting terrorist activities or child abuse, or engaged in a pattern of discrimination. These changes would ensure federal law reflects President Trump’s March 7, 2025, executive order on Restoring Public Service Loan Forgiveness.
    Read the full bill here.

    MIL OSI USA News –

    June 5, 2025
  • MIL-OSI Banking: Secretary-General of ASEAN meets with the Minister of International Trade of Canada

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, met with the Minister of International Trade of Canada, H.E Maninder Sidhu, at the OECD Headquarters in Paris, France, on 4 June 2025. Their discussions explored potential opportunities to deepen ASEAN- OECD cooperation, aligned with the implementation of the OECD Southeast Asia Regional Programme (SEARP) in 2026, including specific areas to support the ASEAN Community Vision 2045.
     

    The post Secretary-General of ASEAN meets with the Minister of International Trade of Canada appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

    June 5, 2025
  • MIL-OSI Russia: Tip of the Iceberg: Innovations and Technologies of the Tower at MIEM Tech

    Translation. Region: Russian Federal

    Source: State University Higher School of Economics – State University Higher School of Economics –

    At the end of May, the festival of technological presentations MIEM Tech Day was held in the atrium of the HSE building on Pokrovsky Boulevard. The event brought together the main educational, research and project tracks Moscow Institute of Electronics and Mathematics named after A.N. Tikhonov (MIEM) HSE, carried out in close cooperation with partners – leading companies, research and financial organizations of Russia.

    Engineers at the forefront of science

    On this day, the festival guests were treated to an extensive program: a Technoshow from the MIEM project block, a demo Engineering and Mathematical School HSE and VK, consultations on all educational programs of the institute, presentations and stands of partner companies, quizzes, competitions, numerous interactive zones from the festival organizers, companies, student organizations.

    The event was attended by students and teachers from HSE and other universities, representatives of MIEM partner companies, IT experts, and schoolchildren.

    In their greetings during the short opening ceremony of MIEM Tech Day, the speakers noted the importance of the engineering direction in shaping the modern portrait of the university.

    “The Higher School of Economics is a classical university, we have a wide range of areas, including engineering, which is so relevant today,” said Irina Martusevich, Vice-Rector of the National Research University Higher School of Economics. “MIEM is the heart of engineering at HSE. The university is at the forefront of scientific thought. This is also due to MIEM.”

    The general partner of the event was VK.

    “For MIEM, cooperation with leading representatives of the industry and business is, first and foremost, a growth point,” emphasized Dmitry Kovalenko, Vice-Rector of HSE and Director of MIEM. “We understand that we will not be able to reach a new level in education and research without our partners, both internal, representing HSE departments and campuses, and external, including VK, the Bank of Russia, the Element Group of Companies, MTS, InfoWatch, EkoNiva, MCST and others. The list is constantly expanding. Today, there are many companies that want to move into a new history, to a new stage of development, together with MIEM.”

    Showcase of achievements

    A striking example of the established unique joint project-based educational model is the Engineering and Mathematical School of the National Research University Higher School of Economics and VK. The annual demo of the school took place on the main stage of the festival.

    “Universities provide a solid academic base, our task is to bring in a practical component by attracting experts, interacting with students, providing cases and the opportunity to work on real projects,” says Georgy Shchelkanov, Director of University Relations at VK. “For three years now, VK, together with the National Research University Higher School of Economics, has been implementing an advanced format of project laboratories: today, students of the IMS workshops are engaged not only in educational projects, but also in applied scientific research and development. This experience allows students to develop key skills and build a career in technology.”

    Three workshops, six speakers and hundreds of listeners — the participants presented the final projects prepared during the training. For the first time, the demo was held in an open format; usually such presentations are held only among workshop participants.

    “We are holding a demo of the HSE IMS and VK in an expanded format. Last year it took place in the chamber atmosphere of St. Petersburg, and now we have gathered in the atrium on Pokrovka,” explained Fyodor Ivanov, director Center for the organization of work on the project “Advanced Engineering and Mathematical School” HSE University. — I am glad that this event took place. For the workshop participants, studying at IMS is an opportunity to touch real projects, to try themselves in a place where the future of the IT industry is being created. In addition, we invited IMS graduates working at VK to the demo. They shared their experience of building a career track with the audience. As a result, it was a great event, in which there was a lot of communication and exchange of experience, professional and career.”

    Among the presented student developments are MLSecOps tools for analyzing vulnerabilities of machine learning models, as well as a system for monitoring the security of ML models and datasets using deduplication.

    In the field of speech synthesis, a model for assessing TTS metrics was presented, replacing human expertise with synthetic data, and a zero-shot TTS project with a Russian-language dataset. Attacks on multimodal vision-language models were also investigated, and Russian-language benchmarks were developed to assess their quality.

    The main space of the atrium hosted the showroom of the project Technoshow, an annual exhibition of the best project developments by MIEM students. This year, Technoshow was held for the seventh time, but for the first time in the atrium of the main building of the HSE. A total of 60 products of project activity, implemented in close cooperation with MIEM partners, were presented.

    Innovations, projects, developments

    An important feature of MIEM projects is their practical orientation and the use of modern technological and innovative solutions.

    “The IT industry is constantly being replenished with new technologies, this is a continuous process,” noted Ilya Semichasnov, head of Project Development Management Center MIEM. – Now, for example, no one is surprised by LLM programs that talk like a real person, but literally two years ago it was wow. Even if our students demonstrate something that already exists on the market in their developments, under the hood there will still be some innovation, a student invention.”

    All student projects presented at the Technoshow were implemented within the framework of the unique project model operating at MIEM, focused on close interaction with the institute’s partners and the reproduction of working models and mechanics used in the work of project teams in leading IT companies. The exhibition featured partner projects with VK, the Bank of Russia, Element Group, InfoWatch Group, EkoNiva and other companies. In many ways, it is this advantage of the project environment at MIEM that allows large technology companies not only to apply their own educational practices when implementing joint projects with MIEM, but also to consider the institute as an experimental platform for testing new models of project-educational cooperation with universities.

    “Our group of companies is currently a leader in the microelectronics industry, and we recognize our significant social responsibility, the need for the entire industry to develop methods for training personnel,” said Nail Vyalshin, head of education at Element Group. “In this sense, MIEM is of great importance to us: we plan to use it as a basis for building such an innovative mechanism for implementing our educational programs, including network programs, when the institute houses the head center of expertise and competencies. We plan to further broadcast this new model in the field of higher education in microelectronics when implementing educational programs at other universities.”

    The key areas of project presentations were defined: a digital university with innovative educational solutions, games and interactive applications with a focus on game design, robots and gadgets with autonomous technologies, industrial technologies for production automation, business solutions and startups based on artificial intelligence, information security solutions (from antifraud to AI protection), medical technologies for improving diagnostics, space with satellite systems, video technologies using AI, as well as clusters of projects from the joint Engineering and Mathematics School of the Higher School of Economics and VK and the MIEM Student Design Bureau with applied hardware and software projects, Center for Software Development and Digital Services with IT and IB services. As a result, MIEM’s design developments filled the entire space of the largest HSE site.

    “This is the first time that MIEM has presented itself so widely at Pokrovka,” said Veronika Prokhorova, Deputy Director of MIEM HSE. “It’s great that there are so many interested parties today. Students, teachers, and staff come up to us, ask questions, and are interested. For us, Technoshow and MIEM Tech Day are the tip of the iceberg. Today, we have gathered here the very best of what we do throughout the year. We are finally bringing it to the public and saying, ‘Guys, take a look and rejoice with us. We are great.’”

    Most of the developments presented at Technoshow are of an applied nature. Evgeny Kruk, scientific director of MIEM, notes the importance of applied sciences for introducing students to scientific research activities: “Our projects have a lot of applied science, and this is the right track for students focused on research work. A project is an entry into applied science, and applied science is the entry into fundamental science. And there is a gigantic field for discoveries.”

    The festival partners shared their impressions of the joint projects presented at Technoshow.

    “Today, milk production and agriculture in general are no longer just a plough and shovels, they are artificial intelligence, they are cutting-edge technologies that need to be implemented. In this regard, cooperation with the Higher School of Economics is a priority for us,” shared Anastasia Ornova, manager for work with the personnel reserve of the EkoNiva agricultural holding. “We have several joint projects. For example, a project on soybean phenotyping, the purpose of which is to conduct research in the field. Another project is aimed at analyzing logistics in the supply of raw milk from the agro-complex to the plant. In the near future, we are planning to hold the first joint hackathon with the National Research University Higher School of Economics.”

    “The event featured student projects, including those prepared by master’s students of the joint program with the Bank of Russia, “Information Security in the Credit and Financial Sphere,” says Elena Stavitskaya, consultant of the Department of Financial Cyber Literacy and Educational Initiatives of the Department of Methodology and Standardization of Information Security and Cyber Resilience of the Information Security Department of the Bank of Russia. “Some of the work is theoretical in nature, while others were presented in the form of implemented applied models. I would like to note the seriousness, depth, and, undoubtedly, practical nature of the projects, their focus on solving socially significant problems.”

    Thus, a joint project with the Information Security Department of the Bank of Russia offered everyone who wanted to deceive (almost always unsuccessfully) the protected algorithm of biometric identification by photo created at MIEM. Another project with the Bank of Russia presented a method for comparing countries by the level of fraud pressure, allowing to evaluate the success of the work of the structures interested in this.

    The festival also included an informal open day at MIEM HSE, as all of MIEM’s bachelor’s, specialist’s and master’s degree programs were presented in a separate area.

    In addition, the festival guests were treated not only to a scientific and educational program, but also to a variety of entertainment activities for relaxation and communication, including bingo with the opportunity to win merch from MIEM and IMS, areas for bead weaving and playing chess, as well as an area with anti-stress coloring books.

    The guests were also greatly interested in the stands and activities of partner companies and MIEM student communities – the MIEM Student Scientific and Technical Society and the MIEM Student Design Bureau.

    “MIEM Tech Day is not only an exhibition of the best technological products, but also a platform for exchanging experience,” emphasized Karina Lebedeva, consultant of the financial market training department of the Department for the Development of New Technologies in Education of the Bank of Russia. “In addition to student projects, the event featured presentations of the best cases of MIEM HSE partners. The stands of partners deserve special attention, where a large number of necessary handouts were presented. Thank you for the high level of organization of the event and the opportunity to literally touch student developments.”

    As a result, the day was filled with an atmosphere of friendly professional communication among all participants of the event – students, professionals, and those simply interested in the development of modern technologies and IT engineering.

    “What is MIEM Tech Day for me? First of all, it is people, student communities, teams, those who create the atmosphere of the event. Secondly, it is innovation, and thirdly, it is fun, because it is really fun here, it is fun to look at it, it is fun to touch it all. This is a very cool event! Finally, it is the team that organized this wonderful holiday,” concluded Ilya Semichasnov.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

    June 5, 2025
  • MIL-OSI Africa: Mining in Motion Outlines Strategies for Formalizing Ghana’s Artisanal and Small-scale Gold Mining (ASGM) Sector

    Source: Africa Press Organisation – English (2) – Report:

    ACCRA, Ghana, June 4, 2025/APO Group/ —

    Industry leaders at the Mining in Motion 2025 summit spotlighted Ghana’s ongoing efforts to formalize its artisanal and small-scale gold mining (ASGM) sector.

    Participants on an India Gold Metaverse-sponsored session – titled Case Studies in ASGM Formalization: Learning from Successes and Addressing Challenges – emphasized that formalization has the potential to catalyze sustainability, build stronger communities and drive long-term economic growth.

    “We need regulatory and legislative changes that support small-scale miners and ensure that revenue from their contributions translates into real economic, social and communal growth,” stated Martin Ayisi, CEO of the Minerals Commission of Ghana.

    Ayisi called for bold regulatory and financial interventions in the sector, stressing the urgent need for investment in geological investigations and sustainable technologies to prevent encroachment on protected areas and improve sector-wide outcomes.

    From an regional perspective, Cisse Vakaba, Advisor to the President on Mining, Ivory Coast, emphasized the foundational role of geology in building a viable ASGM sector. He stressed that state support must go beyond issuing permits to include geological surveys, professional training, community engagement and digital tools for traceability.

    “I really think that the basis for small mines is the geological aspect. This is the aspect where we have to work, to see the areas where they can exploit,” Vakaba stated, adding, “The State must provide support. It’s not enough to issue a title, a permit. We need to support prospecting and geological research.”

    Meanwhile, Melissa Correa Vélez, Program Manager, Swiss Better Gold, highlighted the human-centered approach necessary to make formalization efforts successful. Velez – through Swiss Better Gold’s Boots on the Ground initiative – advocates for programs, including technical support and community-oriented training, that extend beyond legal structures to genuinely improve livelihoods and environmental stewardship.

    “If you want to work with artisanal miners, work with them. Keep the miners interested in being responsible. If the miners lose interest because of the challenges, they will become illegal,” Velez stated.

    For his part, Kwaku Afrifa Nsiah-Asare, Lawyer and Entrepreneur, Typhoon Greenfield Development, emphasized that government support will be a requisite for ASGM formalization in Ghana, speaking candidly on social and financial challenges in the sector.

    “By doing everything properly, the Minerals Commission of Ghana has been extremely supportive and made it worthwhile for us to do business. It’s about partnerships and leadership in government,” Nsiah-Asare stated.

    Bringing a tech-forward perspective, Lamon Rutten, Managing Director and CEO of India Gold Metaverse, spoke to the transformative potential of digital innovation in the ASGM value chain.

    “Blockchain technologies and AI can help improve artisanal and small-scale mining operations. Tools like geo-tracking, radio-frequency identification-equipped machinery and internet-of-things devices allow us to trace ore sources. If you really want to develop small-scale mining, work with local banks. Let them understand the sector and they will help drive sustainable growth,” Rutten said.

    During the presentation, the panelists agreed that projects including the Ghana Land Restoration and Small-Scale Mining Project – a joint initiative with the World Bank – are setting a precedent. By offering financial and technical support, simplifying license through District Mining Committees, and organizing miners into Community Mining Schemes, Ghana is building an ASGM sector that is increasingly legal, sustainable and community driven.

    Organized by the Ashanti Green Initiative – led by Oheneba Kwaku Duah, Prince of Ghana’s Ashanti Kingdom – in collaboration with Ghana’s Ministry of Lands and Natural Resources, World Bank, and the World Gold Council, with the support of Ghana’s Ministry of Lands and Natural Resources, the summit offers unparalleled opportunities to connect with industry leaders.

    MIL OSI Africa –

    June 5, 2025
  • MIL-OSI Economics: Top 20 global payment companies’ revenue grows by 9% in 2024 as market sees structural shifts, says GlobalData

    Source: GlobalData

    Top 20 global payment companies’ revenue grows by 9% in 2024 as market sees structural shifts, says GlobalData

    Posted in Business Fundamentals

    In 2024, the global payment ecosystem witnessed structural changes with digital acceleration, consumer behavior shifts, and macroeconomic pressures reshaping the industry landscape. The top 20 publicly listed payment companies by revenue have navigated this landscape with varying degrees of agility, innovation, and strategic execution. The top 20 public payment companies saw their revenues rise by 9% to $262.8 billion in 2024, reveals GlobalData, a leading data and analytics company.

    The US payment companies dominated the list, with the top four – American Express, Visa, PayPal, and Mastercard – accounting for 63.7% of the aggregate revenue of the top 20. Driven by an increase in global payment volume, the top four witnessed a rise in revenue by an average of 10%.

    Other companies in the top 20 list that recorded impressive top-line growth include Shift4 Payments, Adyen, and Green Dot, which reported more than 15% growth.

    Murthy Grandhi, Company Profiles Analyst at GlobalData, comments: “Shift4 Payments reported a 30% year-over-year revenue growth, driven by a significant increase in end-to-end payment volume, which reached $55.8 billion. This performance was supported by the continued onboarding of larger merchants, who generally operate under lower unit pricing compared to the existing customer base. Additionally, growth in subscription and other revenues was primarily attributed to the positive impact of recent acquisitions and increased SaaS revenue associated with the company’s SkyTab solutions.”

    Adyen’s growth was driven by the deepening of relationships with existing customers, alongside contributions of €8.3 million from payment settlement and processing activities. Additional revenue was generated through the sale of goods, including point-of-sale (POS) terminals, as well as other payment-specific services.

    Green Dot’s revenue growth was primarily driven by a 22.2% increase in card revenue, supported by a rise in gross dollar volume within its B2B Services segment. This growth led to higher program management service fees generated from its Banking-as-a-Service (BaaS) partnerships.

    Grandhi concludes: “In 2025, the payments industry is expected to undergo accelerated transformation, driven by the adoption of artificial intelligence (AI), real-time payment infrastructure, and embedded finance. Market leaders will likely be those that effectively integrate innovation with operational stability, expand globally while navigating evolving regulatory landscapes, and deliver broad, customer-focused product offerings. As the global economy stabilizes, the sector is positioned not only for sustained growth but also for a fundamental reshaping of how value is exchanged across digital ecosystems.”

    MIL OSI Economics –

    June 5, 2025
  • MIL-OSI Russia: European Commission approves Bulgaria’s transition to euro in 2026

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Brussels/Sofia, June 4 (Xinhua) — Bulgaria has met the criteria to adopt the euro as of January 1, 2026, making it the 21st member of the eurozone, the European Commission (EC) announced on Wednesday.

    The conclusion of the Commission’s 2025 Convergence Report, prepared at Bulgaria’s request, confirms that the country meets the four nominal convergence criteria required for adoption of the euro. The assessment also took into account broader economic indicators such as market integration and the balance of payments. The findings were also supported by a parallel report from the European Central Bank (ECB).

    Based on the conclusion, the European Commission proposed that the EU Council adopt a decision and a regulation on the introduction of the euro in Bulgaria. The final decision should be taken by the EU Council in the first half of July after consultations with the Eurogroup, the European Council, the European Parliament and the ECB.

    “This brings Bulgaria one step closer to adopting the euro,” said EC President Ursula von der Leyen, adding that eurozone membership would strengthen the country’s economy through increased trade, investment and access to finance.

    Bulgarian Prime Minister Rosen Zhelyazkov welcomed the positive assessment, calling it the result of years of reforms and coordination with other European partners. He is expected to make a formal statement later on Wednesday.

    Meanwhile, public opinion in Bulgaria remains divided on the issue. A recent poll by the Trend Research Center found that only 21 percent of respondents support switching to the euro in 2026, while 33 percent want to delay the introduction of the single currency and 38 percent reject the idea entirely. In recent weeks, protests have been held across the country demanding a referendum on keeping the national currency, the lev. –0–

    MIL OSI Russia News –

    June 5, 2025
  • MIL-OSI Banking: Minutes of the Monetary Policy Committee meeting of 19 and 20 May 2025

    Source: Central Bank of Iceland

    In ac­cord­ance with the Mon­et­ary Policy Com­mit­tee Rules of Pro­ced­ure, the minutes of the Com­mit­tee’s most re­cent meet­ing have been pub­lished on the Bank’s web­site. The minutes are pub­lished two weeks after the an­nounce­ment of the Com­mit­tee‘s de­cision.

    MIL OSI Global Banks –

    June 5, 2025
  • MIL-OSI Banking: Samsung Showcases the Future of Smart Living at Decorex Cape Town 2025

    Source: Samsung

    Decorex Cape Town returns from 5 to 8 June 2025 and Samsung invites visitors to step into the future of smart living with an immersive showcase that promises to redefine the home experience. At the heart of this year’s exhibition, Samsung will highlight visionary innovations that blend technology, design, and lifestyle, transforming everyday spaces into intelligent, connected environments.
     
    Samsung’s Visionary Innovation at Home
    Samsung continues to lead the in intelligent living with SmartThings, its revolutionary ecosystem that integrates internet-powered devices and appliances for seamless, intuitive control. Visitors to the Samsung stand will discover how SmartThings anticipates their needs, adapts settings automatically, and brings unprecedented convenience and peace of mind to the home.
     
    Discover What’s New
    This year’s Decorex debut features Samsung’s latest product innovations that set new benchmarks in smart living. From sleek, AI-driven Bespoke appliances for kitchens and laundry rooms providing elegant, design-forward style, to interactive displays showcasing next-level connectivity. Visitors can see, touch, and experience the future first-hand.
     

     
    Immersive Viewing Redefined in Latest TVs and Monitors
    Samsung will also debut its latest range of Neo QLED 8K and OLED TVs, delivering unrivalled picture quality, AI-enhanced upscaling, and ultra-slim designs that blend seamlessly into modern interiors. Alongside these, Samsung’s Smart Monitors and ViewFinity series redefine hybrid living and working, with features like built-in entertainment apps, remote PC access, and USB-C connectivity. Whether upgrading your living room or enhancing a home office, these cutting-edge displays offer the perfect balance of productivity, entertainment, and design-forward elegance.
     

     
    SmartThings Ecosystem: Connected Convenience Redefined
    More than just smart tech, SmartThings represents an entire lifestyle ecosystem. Samsung’s hands-on demonstrations will reveal how users can effortlessly control their homes – intelligently linking Samsung’s devices that anticipate daily routines and personal preferences.
     
    Bespoke AI Living: Where Design Meets Intelligence
    Samsung’s Bespoke range transforms the home with appliances that don’t just perform, but adapt to individual lifestyles and patterns. These intelligent solutions elevate everyday tasks into refined experiences, blending sustainable living with personalisation and cutting-edge AI to create homes that are truly tailored to you.
     

     
    Design Meets Technology
    At Decorex, Samsung will showcase how innovation is inseparable from design. Marrying sleek aesthetics, beautiful designs with sustainable technology. Samsung’s home solutions are built to complement and enhance contemporary living spaces. This fusion of form and function perfectly aligns with Decorex’s celebration of lifestyle, design, and innovation.
     
    From tech enthusiasts to homeowners, art and design lovers, Samsung’s Decorex Cape Town 2025 stand offers an inspiring glimpse into the homes of tomorrow. Join us from 5 – 8 June and discover how technology is evolving to create smarter, more beautiful, and more connected living spaces – designed around you.

    MIL OSI Global Banks –

    June 5, 2025
  • MIL-OSI Russia: In the first five months of 2025, the volume of gold purchases by the Central Bank of Mongolia decreased by 29.3 percent.

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    ULAN BATOR, June 4 (Xinhua) — The Central Bank of Mongolia’s gold purchases fell by 29.3 percent in the first five months of this year compared to the same period last year, the regulator’s press service said on Wednesday.

    During the specified period, the Central Bank of Mongolia purchased 4.3 tons (more than 151 thousand ounces) of gold from legal entities and individuals, the official statement noted.

    As of May, the Central Bank of Mongolia’s gold buying rate was around US$105 per gram, in line with the low rate on the London Metal Exchange.

    The purchase of gold is one of the regulator’s most important instruments, promoting economic stability through the gradual increase of the country’s gold and foreign exchange reserves.

    According to the latest data from the Central Bank, Mongolia’s foreign exchange reserves reached US$5.135 billion in the first quarter of 2025. –0–

    MIL OSI Russia News –

    June 5, 2025
  • MIL-OSI Africa: International Islamic Trade Finance Corporation (ITFC)’s 2024 Annual Report Highlights Record Trade Support, Empowering Organisation of Islamic Cooperation (OIC) Economies and Expanding Global Impact

    Source: Africa Press Organisation – English (2) – Report:

    JEDDAH, Saudi Arabia, June 4, 2025/APO Group/ —

    The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, is proud to announce the release of its 2024 Annual Report, titled “Reaching New Frontiers.” The report captures a landmark year showcasing a period of transformative growth, expanded geographic reach, record trade finance approvals, and strengthened commitments to sustainable and inclusive development across its Member Countries.  

    In 2024, ITFC demonstrated agility and resilience amidst persistent geopolitical and economic challenges, prioritizing trade finance, facilitation, and trade development to support member countries’ national development agendas. 

    Highlights from the 2024 Annual Report 

    Record Trade Finance Approvals 

    • In 2024, ITFC approved a total of US$ 7.3 billion in trade finance across 110 operations in 26 countries. Of this amount, US$ 6.7 billion was successfully disbursed 
    • Notably, 38% of the approved financing was directed toward Least Developed Member Countries (LDMCs), underscoring ITFC’s commitment to inclusive development 
    • Furthermore, 41% of the total portfolio, equivalent to US$ 3 billion, was allocated to non-energy sectors such as agriculture, healthcare, and financial services 
    • ITFC successfully mobilized US$ 4.2 billion through Islamic syndications in 2024, representing 57% of its total trade finance approvals. 

    Accelerating Intra-OIC Trade 

    • A total of US$ 4.85 billion was dedicated to promoting trade among OIC member countries, marking a 6.5% increase compared to 2023 
    • These intra-OIC trade approvals accounted for 67% of ITFC’s total trade finance operations, reinforcing the Corporation’s role in fostering regional economic integration and cooperation 

    Strengthening the Private Sector 

    • In a continued effort to support private sector growth, ITFC provided US$ 1.2 billion in financing, reflecting a 14% increase over the previous year 
    • This support reached 47 financial institutions and included engagements with 19 new clients across Africa, the Middle East, and Central Asia 

    Delivering on Food Security Commitments 

    • To address food insecurity, ITFC approved US$ 1.75 billion in financing for agriculture and food-related operations across 10 OIC countries  
    • Since the launch of the IsDB Group’s Food Security Response Program (FSRP) in 2022, ITFC has mobilized US$ 4.73 billion in food security financing, exceeding its initial commitment of US$ 4.5 billion. 
    • ITFC financing has helped Member Countries secure stable supplies of essential food commodities, reduce price volatility, and support agricultural resilience. 
    • In Tajikistan alone, ITFC’s food security financing contributed to reaching over 200,000 households—benefiting nearly 900,000 individuals—by ensuring access to staple goods such as wheat, sugar, and edible oil. 

    Sustainability Milestone 

    • ITFC launched its first Environmental and Social (E&S) Policy in October 2024 
    • The policy rollout included a 10-year E&S action plan, a 5-year carbon reduction strategy, and strengthened governance to embed ESG principles across all operations 

    The report also highlights that the Corporation was ranked at the top as Mandated Lead Arranger and Bookrunner in global Islamic syndications by both Refinitiv and Bloomberg, a reflection of its global leadership and strong investor confidence.  

    Additionally, the 2024 Annual Report spotlights the achievements of ITFC’s flagship programs: 

    • The Arab Africa Trade Bridges (AATB) Program actively supported the development of regional value chains by hosting targeted B2B meetings and launching Africa’s first textile and leather standards program, paving the way for improved quality and competitiveness across the continent 
    • The Aid for Trade Initiative for the Arab States (AfTIAS 2.0) Program saw the implementation progress on 21 ongoing projects across Arab States, with a strategic focus on job creation, trade facilitation, and export development. These initiatives continue to empower local economies and enhance regional trade capacity 
    • Trade Connect Central Asia+ (TCCA+): ITFC advanced regional integration among six Central Asian countries through projects that promote agri-business development, investment attraction, and food security, strengthening economic ties and resilience in the region 
    • The Global SMEs Program expanded its footprint in West Africa and officially launched in Cameroon, enhancing access to trade finance and advisory services for small and medium-sized enterprises and fostering inclusive economic growth 

    In addition to its flagship programs, ITFC delivered a diverse range of integrated trade solutions and targeted interventions in 2024 that reflect its holistic development approach. Through tailored capacity-building programs, reverse linkage initiatives, and trade facilitation tools, ITFC addressed specific needs across sectors such as energy, agriculture, finance, and trade policy. Highlights include the Indonesian Coffee Export Development Program enhancing sustainable farming practices; capacity-building workshops on Islamic finance in Nigeria, Tajikistan, and Azerbaijan; technical support to Togo and Mali’s electricity sectors; and the rollout of electronic Certificates of Origin to boost cross-border trade in West Africa.  

    With an eye on the future, ITFC remains steadfast in its commitment to addressing the evolving priorities of its Member Countries. By driving innovation, strengthening strategic partnerships, and delivering high-impact trade finance solutions, the Corporation is poised to chart new frontiers and accelerate progress toward sustainable and inclusive development across the OIC region. 

    Read the full English version here- https://apo-opa.co/3T78A0R 

    Read the full Arabic version here- https://apo-opa.co/3FMasch

    MIL OSI Africa –

    June 5, 2025
  • MIL-OSI Banking: Why services can’t realistically be tariffed and shouldn’t be 

    Source: International Chamber of Commerce

    Headline: Why services can’t realistically be tariffed and shouldn’t be 

    In today’s digital economy, cross-border services are essential to how businesses operate, grow and compete. But while goods have long been subject to customs tariffs, applying tariffs to services would be both impractical and create significant legal, operational, and economic risks. 

    This is because services are fundamentally different from goods, making them virtually unworkable to tax at borders. Unlike physical products that customs agents can see and inspect, services are intangible—think of things like consulting, software, or design work—that often cross borders digitally or through the movement of people, rather than in shipping containers.  

    This creates multiple challenges: there is no clear moment when a service ‘enters’ a country, no global classification system comparable to the Harmonized System for goods, and no consistent method to assess what should be taxed.   

    Even when governments try to tax cross-border services – such as digital services taxes (DSTs) or withholding regimes – they face legal challenges, high enforcement costs, and risks of international retaliation, as these approaches often violate established rules or conflict with trade and tax agreements. 

    In contrast, some countries have opted for a more neutral approach by applying VAT to cross-border services—treating domestic and foreign providers equally.  

    Beyond feasibility, there is also a strong economic argument to be made against tariffs on services. Services account for more than half of global trade on a value-added basis and are vital enablers of productivity, innovation, and inclusion. Imposing tariffs would raise costs, fragment global supply chains, and disproportionately harm MSMEs and developing economies that rely on affordable cross-border services to grow and compete, including legal advice, design, IT support and marketing.  

    Tariffs on services would also increase compliance burdens and administrative costs for governments, requiring entirely new systems to monitor digital transactions, register providers, and audit contracts.  

    Exporters would not be spared either: many countries are net exporters of services in areas like finance, education, and media. Tariff measures could trigger retaliation and reduce market access for these firms. 

    In short: services can’t realistically be tariffed – and they shouldn’t be. Instead, policymakers should:  

    • Reaffirm multilateral norms by supporting the continuation of the WTO E-Commerce Moratorium and rejecting tariffs on services.  
    • Avoid unilateral tariff-like measures — such as DSTs or withholding regimes —that risk legal conflict, trade retaliation, and fragmentation. 
    • Pursue multilateral cooperation through appropriate multilateral and regional bodies to develop common rules for the taxation of the digital economy. 

    MIL OSI Global Banks –

    June 5, 2025
  • MIL-OSI: TAB Bank Prescribes $2 Million Asset-Based Line of Credit for a Medical Supply Chain Financing and Logistics Company

    Source: GlobeNewswire (MIL-OSI)

    OGDEN, Utah, June 04, 2025 (GLOBE NEWSWIRE) — TAB Bank has provided a $2 million revolving asset-based line of credit for a Canadian medical supply chain financing and logistics company. The company opened a $2 million Certificate of Deposit (CD) at TAB Bank to serve as collateral on the loan.

    TAB Bank’s high-yield CD rate, currently at a 4.15% Annual Percentage Yield (APY), is a primary reason the medical supply chain solution provider chose to work with TAB. This strategic move allows the company to earn a return on its deposit while simultaneously building its commercial borrowing profile.

    The company offers supply chain financing and logistics support tailored specifically for North American medical service providers purchasing from local and global manufacturers. It provides a data-driven approach to procurement, inventory and end-to-end supply chain management of essential medical commodities, such as surgical supplies and medical devices for healthcare providers.

    “The medical supply chain solution provider’s decision to utilize TAB Bank’s high-yield CD as collateral is a smart, forward-thinking strategy,” said Ryan Gabriel, Vice President and Business Development Officer for the Pacific Northwest and Western Canada at TAB Bank. “It also highlights one of TAB’s key strengths—offering competitive deposit products that work hand-in-hand with our lending solutions to build value for our clients.”

    TAB Bank offers customized financial products to small and midsized businesses across a wide range of industries, like asset-based lending, equipment financing and working capital solutions. The bank’s personalized service and bold financial solutions continue to attract clients across North America.

    About TAB Bank
    At TAB Bank, our mission is to unlock dreams with bold financial solutions that empower individuals and businesses nationwide. We are committed to making financial success accessible to everyone through our innovative banking products. Our dedication drives us to continuously improve, ensuring that we meet the evolving needs of our clients with excellence and agility. For over 25 years, we have remained steadfast in offering tailored, technology-enabled solutions designed to simplify and enhance the banking experience. 

    For more information about how we can help you achieve your financial dreams, visit www.TABBank.com.

    Contact Information:
    Trevor Morris
    Director of Marketing
    801-624-5172
    trevor.morris@tabbank.com

    The MIL Network –

    June 5, 2025
  • MIL-OSI: Treasury Bill Auction Announcement – RIKV 25 0917 – RIKV 25 1217

    Source: GlobeNewswire (MIL-OSI)

    Series RIKV 25 0917 RIKV 25 1217
    ISIN IS0000037349 IS0000037695
    Maturity Date 09/17/2025 12/17/2025
    Auction Date 06/06/2025 06/06/2025
    Settlement Date 06/11/2025 06/11/2025

    On the Auction Date, between 10:30 am and 11:00 am, the Government Debt Management will auction Treasury bills in the Series, with the ISIN numbers and with the Maturity Dates according to the table above. Payments for the Treasury bills must be received by the Central Bank before 14:00 on the Settlement Date and the Bills will be delivered in electronic form on the same day.

    Please note that the Treasury bill RIKV 25 0917 is registered electronically at Verðbréfamiðstöð Íslands hf. central securities depository (VBM). The Treasury bill RIKV 25 1217 will be registered at Nasdaq CSD.

    Further reference is made to the General Terms of Icelandic Treasury bills and General Terms of Auction for Treasury bills on the Government Debt Management website.

    For additional information please contact Tryggvi Freyr Harðarson, Government Debt Management, at +354 569 9630.

    The MIL Network –

    June 5, 2025
  • MIL-OSI: Siili Solutions Plc: Share Repurchase 4.6.2025

    Source: GlobeNewswire (MIL-OSI)

    Siili Solutions Plc       Announcement  4.6.2025  
           
           
    Siili Solutions Plc: Share Repurchase 4.6.2025    
           
    In the Helsinki Stock Exchange      
           
    Trade date           4.6.2025    
    Bourse trade         Buy    
    Share                  SIILI    
    Amount             1 100 Shares  
    Average price/ share    6,3600 EUR  
    Total cost            6 996,00 EUR  
           
           
    Siili Solutions Plc now holds a total of 3 998 shares  
    including the shares repurchased on 4.6.2025    
           
    The share buybacks are executed in compliance with Regulation   
    No. 596/2014 of the European Parliament and Council (MAR) Article 5
    and the Commission Delegated Regulation (EU) 2016/1052.  
           
    On behalf of Siili Solutions Plc      
           
    Nordea Bank Oyj      
           
    Sami Huttunen Ilari Isomäki    
           
    Further information:      
    CFO Aleksi Kankainen      
    Email: aleksi.kankainen@siili.com      
    Tel. +358 50 584 2029      
           
    www.siili.com      
           

    Attachment

    • SIILI 4.6.2025 Trades

    The MIL Network –

    June 5, 2025
  • MIL-OSI: Treasury Bond Auction Announcement – RIKB 27 0415 – RIKB 35 0917

    Source: GlobeNewswire (MIL-OSI)

    Series RIKB 27 0415 RIKB 35 0917
    ISIN IS0000036291 IS0000035574
    Maturity Date 04/15/2027 09/17/2035
    Auction Date 06/06/2025 06/06/2025
    Settlement Date 06/12/2025 06/12/2025
    10% addition 06/11/2025 06/11/2025

    On the Auction Date, between 13:30 am and 14:00 am, the Government Debt Management will auction Treasury bonds in the Series, with the ISIN numbers and with the Maturity Dates according to the table above. Payments for the Treasury bonds must be received by the Central Bank before 14:00 on the Settlement Date, and the Bonds will be delivered in electronic form on the same day. Article 6 of the General Terms of Auction for Treasury bonds applies for the right to purchase an additional 10%.

    Further reference is made to the description of the Treasury bond and the General Terms of Auction for Treasury bonds on the Government Debt Management website.

    For additional information please contact Tryggvi Freyr Harðarson, Government Debt Management, at +354 569 9630.

    The MIL Network –

    June 5, 2025
  • MIL-OSI Europe: ​The EBA issues Opinions on two measures to address macroprudential risk following notifications by the Swedish FSA

    Source: European Banking Authority




    ​The EBA issues Opinions on two measures to address macroprudential risk following notifications by the Swedish FSA | European Banking Authority

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    • Press Release
    • 4 June 2025

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    Opinion of the EBA on measures in accordance with Article 458 of CRR on CRE exposures in Sweden

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    Franca Rosa Congiu

    MIL OSI Europe News –

    June 5, 2025
  • MIL-OSI Banking: Kevin Greenidge: Creativity and culture are not luxuries – they are necessities

    Source: Bank for International Settlements

    Good evening.

    It is a pleasure to join you once again to open the Season of Emancipation Visual Arts Exhibition Series. This annual tradition remains one of the most meaningful ways we celebrate our cultural identity as a nation, offering a space to reflect on who we are, how far we’ve come, and where we aspire to go.

    This year’s exhibition is especially significant. It opens on African Liberation Day, unfolds during the Season of Emancipation, and sets the stage for Barbados’ hosting of CARIFESTA 15. Each of these milestones is important in its own right. But together, they form a powerful moment for us to examine ourselves, not just as a nation, but as part of the wider Caribbean and African Diaspora family.

    The theme, Inner Visions, is both introspective and provocative. It invites us to pause, look inward, and ask: What do we see when we examine ourselves through the lens of freedom? What shapes our desires and dreams? And how do our current realities align with the promises made at Independence and the aspirations of the 1937 generation?

    The two exhibitions – Self-Reflections and Diasporic Connections – challenge us to confront difficult truths even as we celebrate the richness of our culture. They ask: What does it mean to be truly free – mentally, socially, creatively? How do we balance tradition and transformation? Are we fulfilling our potential?

    These are not rhetorical questions. They are deeply personal, and also profoundly national. Because freedom is not just about breaking chains. It’s about building the conditions for self-actualization.

    At the Central Bank of Barbados, we are proud to once again sponsor this initiative, continuing a commitment we first made more than three decades ago. For the third consecutive year, we are investing $80,000 to support this exhibition and to help strengthen Barbados’ visual arts sector. But our investment goes beyond funding. It is an affirmation that creativity and culture are not luxuries, they are necessities. They help us name our experiences, understand our histories, and imagine our futures.

    The Bank itself reflects this philosophy. We’ve curated a remarkable art collection over the years, much of it acquired through this very exhibition. These works document Barbadian life in all its beauty, struggle, complexity, and joy. They now form part of our national heritage, reminding us that art is not just something to observe, it is something to live.

    This year’s inclusion of animation, digital sculpting, and interactive installations is a welcome evolution. It reflects the ingenuity of our artists and mirrors the Bank’s own digital transformation journey. More importantly, it underscores our ability as a people to stay rooted while embracing change.

    Art also creates tangible economic value. It fuels creative industries, supports livelihoods, attracts global attention, and offers opportunities for youth. As we prepare to host CARIFESTA once again, this exhibition stands as an early and powerful showcase of the creative excellence Barbados brings, not just to the region, but to the world.

    But perhaps most powerfully, this exhibition reminds us that the deepest revolutions begin within. Before we change systems, we must first shift mindsets. Before we build the future, we must confront the truths of the past.

    In the spirit of Bussa, Nanny Grigg, and the countless unnamed whose inner visions gave rise to bold action, we are called to do the same. To reflect. To be courageous. To reimagine.

    To the National Cultural Foundation and the Queen’s Park Gallery, thank you for your vision and your leadership.

    To the artists, thank you for holding up a mirror to this nation. Thank you for showing us who we are, and who we might yet become. Your work is invaluable.

    I encourage everyone here to fully engage with this exhibition, not just with your eyes, but with your heart. Because in every brushstroke, frame, and installation, there is a question being asked:

    What do you see when you look within?

    Thank you and enjoy the exhibition.

    MIL OSI Global Banks –

    June 5, 2025
  • MIL-OSI Banking: Kevin Greenidge: Unbreakable, unmovable, unstoppable

    Source: Bank for International Settlements

    Good evening.

    As the stars in the life insurance business gather tonight, I am delighted to address you on the occasion of your 36th Annual Caribbean Sales Congress. It is both an honour and a privilege to engage with such a distinguished gathering of professionals who shape the financial security of our Caribbean nations.

    From the start of this Congress yesterday evening, tonight, and over the coming days, we reflect on industry trends, celebrate regulatory progress, forge new connections, and honour your exceptional achievers. Your congress theme – “Unbreakable, Unmovable, Unstoppable” – resonates deeply with me. These powerful words capture the very essence of what it means to thrive in today’s ever-evolving world, including within the life insurance and financial advisory sector. They speak to the resilience, steadfast determination, and unwavering commitment that define your work, day after day.

    Over the next few minutes, I invite you to join me on a journey exploring the vital importance of your sector and discovering what you must collectively do to remain truly unbreakable, unmovable, and unstoppable in an ever-changing world. 

    The Cornerstone of Caribbean Financial Stability

    The life insurance sector stands as an indispensable pillar supporting our Caribbean economic landscape. The numbers tell a compelling story: ordinary life plans continue to dominate market share across Barbados, the Eastern Caribbean, and Trinidad and Tobago, while group health plans remain the cornerstone in Jamaica and beyond.

    Yet despite these encouraging trends, our region’s insurance penetration rate of 2.18 percent trails significantly behind the OECD average of 4.6 percent. This gap represents not just a statistical shortfall, but a pressing opportunity for expanded financial education and awareness throughout our communities.

    But let us remember – insurance transcends mere policies and premiums; it embodies security, stability, and the safeguarding of our collective future. In a Caribbean increasingly vulnerable to economic disruptions, brought on by the climate crisis, and shifting demographics with aging populations and declining birth rates, your profession serves as a bedrock of financial protection. Whether securing a family’s stability after losing a breadwinner, or guaranteeing a child’s education, or creating pathways to dignified retirement, you provide the foundation of financial resilience upon which our communities build their dreams.

    Transforming Regional Economies Through Strategic Investment

    Our regional economies also stand at a critical crossroad, poised for strategic restructuring that will create sustainable growth platforms for generations to come. Take Barbados, for example – our economy has undergone remarkable transformation since 2018, evolving from a stagnating system burdened by debt into one characterised by sustained economic expansion and consistent debt reduction.

    We’ve made tremendous strides in enhancing our competitiveness, while simultaneously addressing both external and internal macroeconomic imbalances. The revitalisation of our formerly dormant capital market, through new treasury bill offerings and our recent long-term 20-year debenture, marks a significant milestone. With increasingly positive reviews from regional and international credit rating agencies, as evidenced by four upgrades in the last eight months, these financial products have attracted substantial interest.

    I encourage you, my regional colleagues, to reconsider your exposure to Barbadian government securities as you seek safe, secure investments from a nation firmly recommitted to fiscal prudence and sustainable, inclusive growth.

    Yet our journey has only begun, and the investment decisions made by life insurance companies like yours will prove instrumental in driving Caribbean economic growth forward. No economy can fully address its citizens’ long-term needs through fiscal measures alone. Instead, we must harness our people’s collective savings through strategic investments that accelerate sustainable growth.

    Consider this striking reality: approximately US$5.4 billion in excess cash currently sits idle in central banks across our region – low or non-earning investments that could instead fuel transformative growth. Imagine these resources channelled into developing tourism, renewable energy, and addressing the climate crisis – a fight that the Prime Minister of Barbados is leading – and innovative industries that sustainably leverage our vast marine resources and technological capabilities. How about harnessing some of this excess liquidity through a regional bond for economic development? 

    Life insurance products are uniquely designed to manage longevity risk, making your industry perfectly positioned to drive investment in crucial long-term infrastructure and both private and public securities that meet appropriate criteria. Tonight, I challenge us all to reimagine how these investments can reshape our Caribbean destiny.

    Celebrating Excellence: The Monica Robotham Story

    Now, we are gathered here tonight to celebrate a woman whose career and life is a testament to perseverance, excellence, and a profound commitment to service – Monica Robotham. Ladies and gentlemen, I am deeply honoured to join you in celebrating Monica’s extraordinary journey – a path that truly embodies what it means to be unbreakable, unstoppable, and unmoveable in your industry. Her story resonates profoundly with me because it demonstrates how dedication and service can transform not just a career but an entire community.

    From her humble beginnings at Life of Jamaica in 1987, Monica pursued excellence through prestigious designations and shattered barriers to join the industry’s elite. Her transformative leadership as President of the Jamaica Association of Insurance and Financial Advisors demonstrated unwavering commitment, breathing new life into the organisation when others might have faltered. Perhaps most inspiring was her remarkable service to vulnerable populations during the darkest days of COVID.

    Monica’s guiding principle – “You are remembered not by what you gathered, but by what you scattered” – offers us a profound model for success that transcends personal achievement. Tonight, I invite each of you to follow Monica’s example: become unbreakable through continuous professional growth, become unstoppable through selfless service to others, and become unmovable in your commitment to excellence. Her remarkable legacy highlights the truth that when we embrace these principles, we too can create lasting impact that ripples through both our profession and our communities.

    Personal and Professional Growth: Your Path to Becoming Unstoppable

    Success in this field demands more than knowledge and expertise – it requires a mindset of resilience, adaptability, and above all, continuous learning. To truly embody being unbreakable, unmovable, and unstoppable like Monica, I invite you to embrace these transformative principles in your own development journey:

    First, commit yourself to lifelong learning. The financial services landscape, like most industries today, is evolving at breath-taking speed. Regulatory shifts, technological revolutions, and emerging risks make staying informed and continuously honing your skills absolutely essential. Embrace professional development opportunities, earn new certifications, and position yourself as a trusted expert whose knowledge illuminates the path forward. The Central Bank I lead maintains an enduring tradition of training and development, and we encourage all financial services professionals to invest in their growth.

    Second, build meaningful client relationships that transcend transactions. In this era of technological convenience, the human touch remains your most precious asset. Your ability to genuinely connect with clients, deeply understand their unique needs, and provide thoughtfully tailored financial solutions, sets you apart in a crowded marketplace. Remember – a truly effective financial advisor is far more than a salesperson; you are a strategic partner guiding your clients’ financial journeys. Don’t simply sell products – ensure they meet each client’s unique circumstances and aspirations. We’ve witnessed too many instances of product mis-selling globally, and I recognise that we as Caribbean people sometimes approach long-term investing with understandable caution.

    Third, strengthen the ethical foundations upon which everything else rests. Trust must remain the fundamental currency of your industry. The financial advisory profession stands or falls on transparency, integrity, and unwavering ethical responsibility. CARAIFA’s mission to uphold rigorous industry standards testifies to the critical importance of maintaining credibility and trustworthiness in every client interaction.

    Fourth, embrace technological innovation as your ally rather than your adversary. Digital transformation is reshaping financial services in ways we could scarcely imagine a decade ago. Whether leveraging data analytics to gain deeper client insights or utilising digital platforms for enhanced service delivery, technology should be viewed as a powerful enabler rather than a disruptive force. The more effectively you harness its capabilities, the more efficient and impactful your practice becomes. Now is the perfect moment to explore artificial intelligence and understand how it can dramatically enhance efficiency, productivity, and results, throughout the insurance industry.

    Fifth, adapt nimbly to our region’s changing economic environment. The Caribbean’s economic landscape continues to evolve rapidly. The average growth in Gross Written Premiums across various markets has been modest – 2 percent in Barbados, 3 percent in Belize, and 4 percent in the Eastern Caribbean – reflecting the persistent challenges we face in achieving robust economic expansion. As financial professionals, you must anticipate market shifts, develop sophisticated understanding of economic trends, and provide solutions that are not merely relevant but genuinely sustainable over time.

    Finally, and perhaps most importantly, bring others along on your journey to success. To borrow Monica’s profound personal motto, “You are remembered not by what you gathered, but by what you scattered.” Her wisdom embodies an essential truth. In the realm of insurance and financial services, success is often measured by metrics – policies written, revenue generated, profits earned. But the true measure of your legacy lies not in what you accumulate for yourself, but in the lasting impact you create in others’ lives. And impacting others’ lives positively is at the core of your business.

    Like the parable of the mustard seed – the smallest of all seeds that grows into a mighty tree providing shelter for many – each small act of service contains within it the potential for tremendous growth and impact. Every day presents opportunities to scatter seeds of service, to scatter seeds of mentorship, and to scatter seeds of kindness – seeds that, when nurtured, blossom into lasting relationships, thriving careers, and stronger communities.

    Just as the mustard seed’s greatness lies not in its size, but in its immense potential, your most significant contributions often begin as simple gestures of support. Whether providing mentorship to emerging professionals, engaging in community outreach, or leading by example, when you climb the ladder of success like Monica, you must extend a hand to pull others up alongside you. Remember always – from the smallest seeds come the most abundant harvests.

    Embracing Monica’s Legacy of Impact

    As I close and you reflect on the profound work you do, carry Monica’s powerful words in your heart: “You are remembered not by what you gathered, but by what you scattered.” Like her, your career represents far more than a job – it embodies a life-calling. Monica has shown us that true success lies in the lives you touch, in the colleagues you mentor, and in the communities you strengthen.

    You, like Monica, possess the power to transform countless lives by ensuring families remain financially secure, businesses continue to thrive, and communities build upon foundations of economic strength.

    You are unbreakable in your commitment to serving others, mirroring Monica’s steadfast resilience through challenges, from her humble beginnings to her emergence as an industry leader.

    You are unmovable in your dedication to financial empowerment, demonstrating the same resolve Monica showed when revitalising JAIFA’s headquarters and supporting seniors during the pandemic’s darkest hours.

    You are unstoppable in your pursuit of excellence, following Monica’s inspiring example of continuous growth from her early days at Life of Jamaica through earning prestigious designations and establishing new standards of achievement.

    As you move forward into tomorrow, know that, like Monica, the seeds you scatter today will grow into the forests of tomorrow. Let her extraordinary journey inspire you to see beyond numbers, beyond commissions, to the true, transformative impact of your work. May this congress serve as a catalyst igniting renewed passion, deeper knowledge, and even greater commitment to your noble profession – a commitment to being remembered not by what you gather, but by what you scatter.

    Together, embracing Monica’s spirit of service and excellence, and guided by the wisdom of the mustard seed parable, let us continue building a Caribbean that stands financially resilient, well-insured, and confidently prepared for whatever the future may bring.

    Thank you, and may this evening’s stars light your path forward.

    Enjoy your 36th congress.

    I thank you!

    MIL OSI Global Banks –

    June 5, 2025
  • MIL-OSI Banking: Rosanna Costa: The power of data for a smart world

    Source: Bank for International Settlements

    Good morning, ladies and gentlemen.

    It is an honor and a privilege to welcome you to the Sixth Statistics Conference of the Central Bank of Chile, which we are hosting in a particularly meaningful year for our institution as we celebrate its centennial. Over the past 100 years, the evolution of the economy-and of statistics in particular-has been closely interlocked with dynamic and ever-changing environments and faced with a future that is advancing rapidly and full of promising and challenging changes.

    This sixth edition of the Statistics Conference, whose title – “The Power of Data for a Smart World”- resonates strongly in this moment of our history. If there is one lesson the past century has taught us, it is that knowledge, grounded in solid information and rigorous analysis, guides the path to progress and stability. We are also opening the window to new developments that offer us opportunities and challenges, because they provide tools, but at the same time demand more information, of better quality and greater timeliness.

    In recognition of these one hundred years, I would like to revisit them through the lens of statistics-and from there, open the door to the next century.

    MIL OSI Global Banks –

    June 5, 2025
  • MIL-OSI Banking: Abdul Rasheed Ghaffour: The changing landscape and talent development initiatives for Malaysia’s financial sector

    Source: Bank for International Settlements

    It is a privilege to stand before you at this conferment ceremony, where we celebrate the achievements of more than 600 individuals who demonstrated dedication and outstanding achievement in banking. We are also honouring the conferment of Honorary Fellowship to Governor Eli, and paying tribute to the lifetime achievement of Tan Sri Azman Hashim, Fellow Chartered Banker (FCB), both outstanding individuals who have made immense contributions and shown commitment to excellence, which we can all strive to emulate.

    About a month ago, we welcomed our regional partners for the ASEAN meetings. We had the opportunity to engage deeply on the region’s most pressing challenges, namely the uncertainty from the US tariff announcements, the acceleration of digital transformation and the urgency of promoting sustainability practices.

    These challenges underscore the critical need for the financial sector to adapt and evolve in response to an ever-changing landscape. To navigate these complexities, continuous investments in talent are not merely an option but a necessity. By equipping our workforce with the necessary skills and knowledge, we empower them to transform challenges into opportunities and drive our economy forward. The knowledge, devotion and tenacity that have brought all conferees together today are the essential foundations that will propel Malaysia to greater heights.

    Global trade uncertainty, digitalisation and sustainability will shape the financial sector landscape in Malaysia

    Ladies and gentlemen,

    Our banking sector has been no stranger to formidable challenges. Yet, in recent years, we have been faced with transformative forces that could redefine the landscape of banking. Allow me to expand on three pivotal areas which I mentioned earlier: economic uncertainty, digital transformation and sustainability, and their implications on the banking sector workforce.

    As I speak, global trade uncertainty continues to persist, arising from a growing push for greater protectionism and a shift away from globalised supply chains. As a small open economy, the escalation in trade tensions and global policy uncertainties will affect Malaysia. However, we are facing this from a position of strength. Our economy will continue to grow, anchored by continued household spending and steady expansion in investment activities. Externally, resilient underlying demand for E&E goods and a sustained momentum of tourism activity can cushion the impact of tariffs on our exports. Malaysia’s diversified product and export markets further underscore our resilience against external shocks.

    These shifts in economic outlook remind us that the global landscape is ever-changing, underscoring the need for resilience and adaptability in the face of these headwinds.

    On this, the banking sector plays a critical role in allocating capital efficiently to support economic growth and transformation. We have demonstrated robust expertise in traditional areas such as retail segments (mortgages and personal finance), as well as other mature corporate industries. However, as the financial landscape evolves, new opportunities are emerging that remain underexplored, offering potential for growth and innovation. Financing of trading activities such as shipping, aviation or aerospace, investments in data centres, and other high-growth industries, represent untapped avenues that could contribute meaningfully to our economic development. By broadening their focus and addressing these gaps, the banking sector can better position businesses to compete effectively on a global stage.

    In the wake of global trade uncertainties, the banking sector’s role in supporting domestic businesses becomes more pronounced. Banks must collaborate with industry players to identify new opportunities, leveraging on both financial expertise and industry insights. A workforce adept at risk management, market analysis and client advisory enables banks to offer innovative financial solutions to help businesses stay ahead.

    The next transformative force is the increasing pace of technological breakthroughs, a trend underpinned by the proliferation of artificial intelligence (AI), data and automation. The Malaysian banking sector has increasingly leveraged AI and automation for risk management, fraud detection and complex analysis to enhance operational efficiency and strengthen security. The use of AI-powered chatbots and virtual assistants has also allowed customers to benefit from enhanced and personalised customer experiences, often without the need to visit a bank branch.

    While technology has clear benefits for the financial sector, it needs to be adopted responsibly, balancing efficiency with risk management. Senior leaders in the banking sector have themselves expressed increasing concerns about new vulnerabilities introduced from AI adoption, such as cybersecurity, legal uncertainty related to operations, difficulties in controlling outcome accuracy and prejudice from model bias.1 The banking sector’s shift to leverage technology, in particular AI, to remain competitive must be underpinned by strong governance frameworks, stringent data privacy protections and the highest ethical standards across the workforce. To ensure responsible adoption of AI, banks need to develop an understanding of both the opportunities and risks associated with AI, and invest in training programmes to enhance AI awareness, create an organisation-wide culture of responsible AI adoption and help employees recognise potential risks.

    Let’s now turn to the third critical area: sustainable finance and environmental, social and governance considerations. This year’s ASEAN Chairmanship theme on sustainability underscores the region’s commitment to equitable growth and environmental stewardship.

    At our meeting in Milan earlier this month, the ASEAN+3 finance ministers and central bank governors reaffirmed our commitment to collaborate on transition finance, disaster risk financing, and climate resilience. The meeting also recognised the need to channel greater capital flows into green and sustainable projects, including large-scale regional initiatives such as the ASEAN Power Grid (APG) being pursued as part of our chairing of ASEAN this year. A report by AMRO highlighted that Southeast Asia will require over USD200 billion annually in climate-related investments to achieve its net-zero targets.

    As we delve into this important area, it is evident that these are not just environmental imperatives, but instead, a strategic priority area across the region. Therefore, the banking sector must integrate ESG factors into their core operations and decision-making. Banks play a pivotal role in channelling financial solutions and capital towards projects that are not only economically viable, but also environmentally and socially responsible. For example, the increasing importance of blended finance as a key lever in scaling up climate-aligned and impact-driven investment will require bankers to build skills that go beyond standard credit risk assessment. This shift requires a banking sector workforce which is well-equipped with the right knowledge and expertise to be able to not only reduce credit risk for lenders, but also contribute meaningfully to advancing sustainability priorities and meeting ambitious climate goals. 

    Significant efforts have been undertaken by talent affiliates, while more can be done by the industry to collectively upskill the workforce

    Ladies and gentlemen,

    Malaysia has invested significantly in developing talent in our financial sector. Over the years, we have developed a comprehensive ecosystem of talent affiliates providing training, certification and future-looking guidance on the skills needed by the financial sector. On this, I would like to take a moment to applaud the Asian Institute of Chartered Bankers (AICB), Islamic Banking and Finance Institute Malaysia (IBFIM) and Asian Institute of Insurance (AII) for their commitment in driving the development and encouraging the implementation of the Financial Sector Future Skills Framework (FSF) since its launch in July 2024. I also wish to highlight the important role played by financial institutions to further complement these efforts through their respective learning and development academies.

    While the financial services industry benefits from a good talent development ecosystem, more collective actions are needed to future-proof the workforce. In an era of rapid transformation, the question remains: Is the industry investing enough in talent to meet evolving business needs and remain competitive?

    With the FSF as a common dictionary on skills critical for the future, I call on the banking sector to accelerate efforts to foster knowledge acquisition in areas that are relevant to address both current industry challenges and needs, as well as emerging trends to prepare professionals for future opportunities. This includes building a deep understanding of the unique financial requirements of sectors that will catapult the growth of the Malaysian economy, and in tandem, enhancing technical skills in credit risk assessment for these sectors to ensure financing decisions are made sustainably. Additionally, training should also focus towards building capacity to address regional financing demands, particularly in infrastructure financing and blended financing, to support the long-term economic growth of the region. By equipping banking professionals with advanced capabilities and specialised expertise, the financial sector can proactively respond to emerging opportunities, ensuring its readiness to meet evolving economic challenges and contribute to Malaysia’s regional competitiveness.

    Equally important is the need to continuously nurture ethical and principled bankers who uphold the highest standards of integrity. In a rapidly changing financial landscape, the foundation of trust and accountability is indispensable for ensuring the sector’s long-term sustainability and resilience. AICB, alongside industry leaders, must emphasise the development of bankers who embody professionalism, ethical conduct, and a commitment to responsible practices.

    In closing, I would like to once again congratulate all conferees today. Your individual commitment to self development and dedication towards embodying the values of integrity, professionalism and expertise will collectively elevate the banking sector. Your achievement today is setting a benchmark for the industry and will hopefully inspire many others to follow in your footsteps.

    To Governor Eli, today’s honorary conferment recognises your exemplary leadership, transformative contribution and excellence within our profession. Through his previous role in the Bank for International Settlements (BIS), Governor Eli advanced research and discussions on regional and international finance, and has been recognised as one of the top-performing central bank governors globally in his current role. As a former professor and director at the Asia School of Business (ASB), Governor Eli has also significantly contributed towards strengthening central banking education through the development of the Master’s in Central Banking course.

    To Tan Sri Azman Hashim, the Lifetime Achievement Award is a fitting honour to an industry heavyweight whose visionary contributions have profoundly shaped and advanced the Malaysian banking sector.

    Malaysia’s financial system is renowned for its resilience, innovation and sound governance. But the true strength behind this success is our people. I end with a simple quote from Jack Welch, the CEO of General Electric for more than twenty years, ‘The most important job you have is growing your people’.

    Thank you, and I wish all of you a fruitful journey ahead.


    MIL OSI Global Banks –

    June 5, 2025
  • MIL-OSI Banking: Kevin Greenidge: Strong regulation is the foundation for financial stability

    Source: Bank for International Settlements

    Distinguished representatives from the Association of Supervisors of Banks of the Americas (ASBA), esteemed participants from regional supervisory authorities, valued colleagues from the Central Bank of Barbados, good morning.

    It is a pleasure for the Central Bank of Barbados to host this Bank Analysis and Examination Course in collaboration with ASBA.  And I am delighted to chat with such a highly experienced group of professionals, all committed to enhancing our collective expertise in bank supervision with a shared goal of preserving financial stability across our respective jurisdictions.

    I thank ASBA for its invaluable support and dedication in organising this training. And I commend your continued commitment to strengthening financial supervision. This training ensures that the knowledge and skills of our member jurisdictions remain relevant, dynamic, and world-class. Your contributions align with our common objective as regulators to foster a stable and sustainable financial sector. I am confident that I echo the sentiments of many in expressing our deep appreciation for this enduring partnership and the opportunities it provides.

    ASBA’s work has helped us maintain international excellence in our regulatory standards. As an associate member for over 20 years, the Central Bank of Barbados has actively engaged in ASBA’s initiatives such as training programmes, policy discussions, and knowledge sharing, all aimed at enhancing regulation and supervision across the Americas, the Caribbean, and Spain.

    In 2002 and 2011, the Central Bank of Barbados proudly hosted Bank Analysis and Examination courses, as well as a course on Consolidated Supervision in 2014, amongst others. Over the years, our officers have also participated in a range of training courses. This continued engagement has enabled our supervisory teams to sharpen their skills and ensure that our risk-based supervision techniques remain aligned with the evolving financial landscape.

    Regulation in Barbados

    Strong regulation is the foundation for financial stability. It provides the framework through which supervisory authorities can identify, assess, and contain the risks facing the financial sector. This stability is essential to ensuring that institutions continue to provide the financial services that underpin economic activity.

    As the principal financial regulator in Barbados, the Central Bank plays a central role in upholding financial stability. The Bank Supervision Department was established in 1974 in accordance with the statutory mandate given by the Central Bank Act to supervise the operations of commercial banks and other financial institutions. The department seeks to ensure that licensed institutions function in a safe and sound manner, and in so doing to contribute to a sound economic and financial environment. We’ve built our regulatory approach on a solid foundation of legislation, supervisory frameworks, and guidelines, which are supported by a diverse and capable team that is further strengthened by developmental opportunities such as this course. 

    Risk-Based Supervision

    We’ve grounded our supervisory practices in the principles established by the Basel Committee on Banking Supervision. These core principles inform our Risk-Based Supervision (RBS) approach – a methodology that evaluates financial institutions based on the key inherent risks within their activities, and the quality of their risk management in response to those threats. Risk-based supervision enables us to prioritise our resources effectively by focusing on the areas that matter most.

    Purpose of the Course

    Foundational training such as this is critical, especially since bank examination is a multifaceted and dynamic discipline that demands strong analytical grounding, sound judgement and the ability to adapt with the evolving risk landscape. This course aligns seamlessly with the core principles of bank supervision, which emphasises the need for forward-looking risk-based supervision, robust supervisory frameworks and continuous capacity building. These principles are refined from time to time to accommodate emerging risks and ultimately strengthening supervisory effectiveness. 

    We welcome the timely and essential integration of key financial assessment characteristics into this training, specifically through ASBA’s CAMELS rating system – a proven benchmark for evaluating the health and stability of financial institutions.

    It will equip participants with tools and techniques to conduct in-depth analyses of financial institutions, identify vulnerabilities, and assess their resilience leading to stronger and more informed supervisory decisions. 

    I note that the administration of the course will be two-fold consisting of a theoretical foundation followed by a practical simulation of a bank inspection to reinforce the concepts through real-world application. 

    Concluding Remarks

    Over the coming days, you will explore the methodology behind the CAMELS framework as applied by the U.S. Federal Reserve. The insights gained will serve to enhance your ability to conduct risk-based assessments, contributing to more prudent and forward-looking supervisory practices.

    I encourage all participants to actively engage in the discussions, share experiences, and make full use of the expertise in the room. Your dedication to strengthening financial oversight is critical to the continued resilience of our financial systems.

    Thank you once again to ASBA, our organisers, and to each of you for your commitment and participation. I wish you all a productive and rewarding training experience.

    MIL OSI Global Banks –

    June 5, 2025
  • MIL-OSI USA: Warren, Senators Demand Explanation After Trump Admin Greenlights Giant Rocket-Redfin Merger, Warn of Potential Price Hikes for American Homebuyers

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren
    June 04, 2025
    Rocket has a history of anticompetitive behavior in the housing industry
    “At a time when families already face a housing affordability crisis, these deals…may reduce choice and raise prices for American families in the housing market.” 
    Text of Letter (PDF)
    Washington, D.C. — U.S. Senators Elizabeth Warren (D-Mass.), Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, Cory Booker (D-N.J.), Ranking Member of the Senate Judiciary Subcommittee on Antitrust, Competition Policy, and Consumer Rights, Mazie Hirono (D-Hawaii), Bernie Sanders (I-Vt.), and Tina Smith (D-Minn.) wrote to the Department of Justice’s (DOJ) Antitrust Division and to the Federal Trade Commission (FTC) seeking an explanation for the agencies’ failure to challenge Rocket Companies’ (Rocket) recent acquisition of Redfin, which creates a massive housing company that threatens to reduce choice and raise prices for American families in the housing market. 
    This merger allows Rocket, an online mortgage lending and real estate platform, to exert even greater control over each step of the homebuying process by taking over Redfin, a popular real estate search platform, and Mr. Cooper, the nation’s largest mortgage servicing firm. On May 8, 2025, the Trump Administration allowed the merger waiting period to expire without taking action to block or review the transaction. 
    After the Rocket-Redfin merger is completed, Rocket will have the power to steer Redfin users to Rocket’s real estate agents, limiting business for local, independent agents and brokerages. Rocket could also discourage Redfin users from comparison shopping for better mortgage offers by steering homebuyers to Rocket’s mortgages. Comparison shopping has been shown to save homebuyers an average of $76,410 over a 30-year mortgage.
    In addition, Rocket’s acquisition of Mr. Cooper will create a mortgage finance behemoth. By acquiring seven million mortgage servicing clients, Rocket would have a reduced need to compete for new customers. Altogether, with these acquisitions, Rocket would triple its current client base and control one in six mortgages in the United States. Rocket’s efforts to consolidate and control the homebuying market onto a single online platform sets a dangerous precedent for consumers, the industry, and the U.S. housing market as a whole at a time when house prices and mortgage rates continue to rise.
    Rocket has a history of anticompetitive efforts to steer homebuyers to its products. The Consumer Financial Protection Bureau (CFPB) sued Rocket in 2024 for allegedly steering homebuyers into purchasing Rocket mortgages and charging higher rates and fees. The CFPB dropped the lawsuit just three weeks after President Trump installed new leadership at the agency. 
    Under the DOJ and FTC’s merger enforcement guidelines, the acquisitions raise multiple concerns, including: 
    Under Guideline 6, which warns that “mergers can violate the law when they entrench or extend a dominant position”; 
    Under Guideline 7, which directs the DOJ and FTC to “examine whether a trend toward consolidation in an industry would heighten … competition concerns”; 
    Under Guideline 8, which clarifies that “when a merger is part of a series of multiple acquisitions, the agencies may examine the whole series”; and 
    Under Guideline 9, which warns that “mergers involving platforms can threaten competition.” 
    “Rocket’s proposed acquisitions…create the potential for Rocket to steer homebuyers to its own products, hike prices based on private data, and block competition. We ask that you provide an explanation for your agencies’ failure to challenge the Rocket-Redfin merger during the premerger review period,” wrote the senators. 
    The lawmakers asked the two agencies to provide clarity on why they declined to challenge the merger by June 17, 2025. 

    MIL OSI USA News –

    June 5, 2025
  • MIL-OSI: Nasdaq Launches Exclusive Access to Nasdaq Private Market’s Tape D® API to Deliver Advanced Visibility into Private Markets

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 04, 2025 (GLOBE NEWSWIRE) — Nasdaq® (Nasdaq: NDAQ) announced today that the company has partnered with Nasdaq Private Market (NPM), a leading provider of secondary liquidity solutions to private companies, employees, and investors, to provide greater price transparency and valuation visibility into private, pre-IPO companies, including unicorns and other startups through NPM’s Tape D® private company dataset.

    As the exclusive distributor of the Tape D API, Nasdaq is enhancing essential transparency and access to an increasingly complex private company landscape. Now available to Nasdaq clients through API integration via Nasdaq Data Link, Tape D addresses critical transparency challenges by helping investors evaluate private holdings with greater confidence, enabling banks to structure private transactions more effectively, supporting wealth advisors and shareholders in managing liquidity needs, and equipping private companies with valuable insights for capital raises and tender offers. This comprehensive data product delivers real-time private market pricing by seamlessly integrating primary round data, secondary market transactions, and accounting data including mutual fund marks and 409A valuations.

    “Nasdaq was founded on the principle of leveraging technology to make markets more efficient, and we are committed to driving the same transformation in private markets that we’ve achieved in public markets,” said Oliver Albers, Executive Vice President, Chief Product Officer, Capital Access Platforms at Nasdaq. “The collaboration with Nasdaq Private Market builds upon this foundation, reflecting Nasdaq’s continued commitment to creating an ecosystem where transparency, accessibility, and improved outcomes naturally extend across the entire investment lifecycle,” noted Albers.

    “The private market is now a critical arena for valuation, investment, and planning, and requires accurate, real-time data. With over 1,200 unicorns and billions in equity held by private shareholders, the need for a reliable valuation benchmark is greater than ever. Tape D brings essential clarity to private markets, and we are excited to partner with Nasdaq to broaden access to market participants,” said Marc Perkins, CFA, Senior Vice President of Product at Nasdaq Private Market. In addition to the Tape D API from Nasdaq, NPM offers individual subscriptions directly via NPM’s website.

    The launch of this data partnership with Nasdaq Private Market marks the latest step in Nasdaq’s commitment to enhancing transparency, access, and portfolio management capabilities across the public-to-private investment spectrum. This includes offerings such as Nasdaq Fund Secondaries, which bring greater efficiency, transparency, and scalability to secondary transactions. Nasdaq also delivers solutions designed to equip asset owners and asset allocators with essential research and portfolio management tools that span both public and private markets. These enhancements address specific market challenges, helping managers clearly articulate their value propositions to gather assets while giving allocators the visibility they need for confident decision making.

    For more information about accessing the Nasdaq Private Market Tape D Data API, please visit: https://www.nasdaq.com/solutions/data/equities/TAPED

    About Nasdaq
    Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.

    Nasdaq® is a registered trademarks of Nasdaq, Inc. The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither Nasdaq, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies or Nasdaq proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED. © 2025. Nasdaq, Inc. All Rights Reserved.

    About Nasdaq Private Market
    Nasdaq Private Market provides liquidity, wealth and data solutions for private companies, employees, and investors throughout each stage of the pre-IPO lifecycle. Since inception over a decade ago, NPM has executed nearly $60 billion in transactional volume for 200,000+ individual eligible employee shareholders and investors across 775+ company-sponsored liquidity programs. Founded within Nasdaq, Inc. in 2013, today NPM is an independent company with strategic investments from Nasdaq, Allen & Company, Bank of America, BNP Paribas, Citi, DRW Venture Capital, Goldman Sachs, HiJoJo Partners, Morgan Stanley, UBS, and Wells Fargo.

    Learn more at www.nasdaqprivatemarket.com. Visit LinkedIn and X for the latest company news.

    Disclosures and Disclaimers

    NPM is not: (a) a registered exchange under the Securities Exchange Act of 1934; (b) a registered investment adviser under the Investment Advisers Act of 1940; or (c) a financial or tax planner and does not offer legal or financial advice to any user of the NPM website or its services. Securities-related services are offered through NPM Securities, LLC, a registered broker-dealer and alternative trading system, and member FINRA/SIPC. Transactions in securities conducted through NPM Securities, LLC are not listed or traded on The Nasdaq Stock Market LLC, nor are the securities subject to the same listing or qualification standards applicable to securities listed or traded on The Nasdaq Stock Market LLC. Please read these other important disclosures and disclaimers about NPM found here: https://www.nasdaqprivatemarket.com/disclosures-disclaimer/

    Contact:

    Max Leitenberger
    Corporate Communications, Nasdaq
    Maximilian.leitenberger@nasdaq.com

    Amanda Gold
    Chief of Staff and Chief People Officer, Nasdaq Private Market
    Amanda.Gold@npm.com

    The MIL Network –

    June 5, 2025
  • MIL-OSI: Old National Again Named Among the 50 Most Community-Minded U.S. Companies by Points of Light

    Source: GlobeNewswire (MIL-OSI)

    EVANSVILLE, Ind., June 04, 2025 (GLOBE NEWSWIRE) — (NASDAQ: ONB) – For the second consecutive year, Old National Bancorp (“Old National”) has been named by Points of Light as one of “The Civic 50” honorees for 2025. This annual designation is reserved for the 50 most community-minded companies in the nation.

    A global nonprofit that inspires, equips and mobilizes people to take action that changes the world, Points of Light has recognized the 50 most community-minded companies in the nation every year since 2012. The Civic 50 award is based on employee volunteering, community investment, corporate citizenship and social impact programs.

    “Our team members love rolling up their sleeves and making a difference in their communities, as evidenced by the more than 67,000 collective volunteer hours they logged in 2024,” said Jim Ryan, Old National Chairman and CEO. “Old National is honored to again be recognized by Points of Light as an organization that truly puts our values into action.”

    Combined, The Civic 50 companies for 2025 have engaged more than 460,000 employees to volunteer more than 6.5 million hours in their communities. That’s double the average for U.S. companies not in The Civic 50.

    “In an ever-evolving landscape, companies are looking to ensure that they can meet the needs of their communities, customers, and stakeholders,” said Jennifer Sirangelo, President and CEO, Points of Light. “Companies like Old National are leading the way in showing how social impact benefits their employee’s well-being, strengthens the communities where they do business, and brings value and meaning to their work. Their efforts provide a model for others looking to bring the benefits of volunteering and social impact to their workforce, and they’re extremely deserving of this recognition.”

    The Civic 50 honorees are companies with annual U.S. revenues of at least $1 billion. They are selected based on four dimensions of their corporate citizenship and social impact programs:

    • Investment of resources and volunteerism
    • Integration across business functions
    • Institutionalization through policies and systems
    • Impact measurement

    You can click here for the full list of The Civic 50 honorees. Additionally, for more information and to view Old National’s latest Community Action Report, click here.

    ABOUT OLD NATIONAL
    Old National Bancorp (NASDAQ: ONB) is the holding company of Old National Bank. As the fifth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $70 billion of assets and $37 billion of assets under management (including Bremer Financial Corporation on a pro forma basis as of March 31, 2025), Old National ranks among the top 25 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2025, Points of Light again named Old National as one of “The Civic 50” — an honor reserved for the 50 most community-minded companies in the United States.

    ABOUT POINTS OF LIGHT
    Points of Light is a nonpartisan, global nonprofit organization that inspires, equips, and mobilizes millions of people to create positive change through volunteering and civic engagement. Through work with nonprofits, companies and social impact leaders, the organization galvanizes volunteers to meet critical needs in communities. As the world’s largest organization dedicated to increasing volunteer service, Points of Light engages more than 3.8 million volunteers across 32 countries. For more information, visit pointsoflight.org.

    Investor Relations:
    Lynell Durchholz
    (812) 464-1366
    lynell.durchholz@oldnational.com

    Media Relations:
    Rick Vach
    (904) 535-9489
    rick.vach@oldnational.com

    An image accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8ef16551-151e-4885-a99d-ec031f84e1fe

    The MIL Network –

    June 5, 2025
  • MIL-OSI: GDS to Hold Annual General Meeting on June 26, 2025

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, China, June 04, 2025 (GLOBE NEWSWIRE) — GDS Holdings Limited (“GDS Holdings”, “GDS” or the “Company”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, today announced that it will hold its 2025 Annual General Meeting of Shareholders (the “AGM”) at Beijing Meeting Room, F5, Building C, Sunland International, No. 999 Zhouhai Road, Pudong, Shanghai, P.R.C. at 4:00 p.m. (China Standard Time) on June 26, 2025 (which is 4:00 a.m. (Eastern Daylight Time) on June 26, 2025).

    Holders of the Company’s ordinary shares and Series A convertible preferred shares listed in the register of members of the Company at the close of business on June 4, 2025 (China Standard Time) are entitled to receive notice of, and vote at, the AGM or at any adjournment that may take place. Beneficial owners of the Company’s American Depositary Shares (“ADSs”) who wish to exercise their voting rights for the underlying Class A ordinary shares must act through JPMorgan Chase Bank, N.A. (“JPMorgan”), the depositary of the Company’s ADS program. Holders of ADSs at the close of business on June 4, 2025, New York time will be able to instruct JPMorgan as to how to vote the Class A ordinary shares represented by such ADSs.

    Copies of the Notice of the AGM, which sets forth the resolutions to be proposed and for which adoption from shareholders is sought, the Proxy Statement and the Proxy Card are available on the Investor Relations section of the Company’s website at http://investors.gds-services.com, on the SEC’s website at www.sec.gov and HKEX’s website at http://www.hkexnews.hk.

    GDS has filed its annual report on Form 20-F, including its audited financial statements, for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (“SEC”). The Company’s Form 20-F can be accessed on the Company’s website at investors.gds-services.com, as well as on the SEC’s website at www.sec.gov.

    GDS has also published its annual report for Hong Kong purposes pursuant to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (“HKEX”), which can be accessed on the Company’s website at investors.gds-services.com as well as the HKEX’s website at http://www.hkexnews.hk.

    About GDS Holdings Limited

    GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698) is a leading developer and operator of high-performance data centers in China. The Company’s facilities are strategically located in and around primary economic hubs where demand for high-performance data center services is concentrated. The Company’s data centers have large net floor area, high power capacity, density and efficiency, and multiple redundancies across all critical systems. GDS is carrier and cloud-neutral, which enables its customers to access the major telecommunications networks, as well as the largest PRC and global public clouds, which are hosted in many of its facilities. The Company offers co-location and a suite of value-added services, including managed hybrid cloud services through direct private connection to leading public clouds, managed network services, and, where required, the resale of public cloud services. The Company has a 24-year track record of service delivery, successfully fulfilling the requirements of some of the largest and most demanding customers for outsourced data center services in China. The Company’s customer base consists predominantly of hyperscale cloud service providers, large internet companies, financial institutions, telecommunications carriers, IT service providers, and large domestic private sector and multinational corporations. The Company also holds a non-controlling 35.6% equity interest in DayOne Data Centers Limited which develops and operates data centers in International markets.

    For investor and media inquiries, please contact:

    GDS Holdings Limited
    Laura Chen
    Phone: +86 (21) 2029-2203
    Email: ir@gds-services.com

    Piacente Financial Communications
    Ross Warner
    Phone: +86 (10) 6508-0677
    Email: GDS@tpg-ir.com

    Brandi Piacente
    Phone: +1 (212) 481-2050
    Email: GDS@tpg-ir.com

    GDS Holdings Limited

    The MIL Network –

    June 5, 2025
  • MIL-OSI Global: Development finance in a post-aid world: the case for country platforms

    Source: The Conversation – Africa – By Richard Calland, Emeritus Associate Professor in Public Law, UCT. Visiting Adjunct Professor, WITS School of Governance; Director, Africa Programme, University of Cambridge Institute for Sustainability Leadership, University of Cambridge

    With the Trump administration slashing US Agency for International Development budgets and European nations shifting overseas development aid budgets to bolster defence spending, the world has entered a “post-aid era”.

    But there is an opportunity to recast development finance as strategic investment: “country platforms”.

    Country platforms are government-led, nationally owned mechanisms that bring together a country’s climate priorities, investment needs and reform agenda, and align them with the interests of development partners, private investors and implementing agencies. They function as a strategic hub: convening actors, coordinating funding, and curating pipelines of projects for investment.

    Think of them as the opposite of donor-driven fragmentation. Instead of dozens of disconnected projects driven by external priorities, a country platform enables governments to set the agenda and direct finance to where it is needed most. That could be renewable energy, climate-smart agriculture, resilient infrastructure, or nature-based solutions.

    Country platforms are a current fad. They were the talk of the town at the 2025 Spring meetings of multilateral development banks in Washington DC. Will they quickly fade as the next big new idea comes into view? Or can they escape the limitations and failings of the finance and development aid ecosystem?

    The Independent High Level Expert Group on Climate Finance, on which I serve, is striving to find new ways to ramp up finance – both public and private – in quality and quantity. I agree with those who argue that country platforms could be the innovation that unlocks the capital urgently needed to tackle climate overshoot and buttress economic development.

    The model is already being tested. More than ten countries have launched their platforms, and more are in the pipeline.

    For African countries, the opportunity could not be more timely. African governments are racing to deliver their Nationally Determined Contributions. These are the commitments they’ve made to reduce their greenhouse gas emissions as part of climate change mitigation targets set out in the Paris Agreement. Implementing these plans is often being done under severe fiscal constraints.

    At the same time global capital is looking for investment opportunities. But it needs to be convinced that the rewards will outweigh the risks.

    Where it’s being tested

    In Africa, South Africa’s Just Energy Transition Partnership has demonstrated both the potential and the complexity of a country platform. Egypt and Senegal also have country platforms at different stages of implementation. Kenya and Nigeria are exploring similar mechanisms. The African Union’s Climate Change and Resilient Development Strategy calls for country platforms across the continent.

    New entrants can learn from countries that started first.

    But country platforms come in different shapes and sizes according to the context.

    Another promising example is emerging through Mission 300, an initiative of the World Bank and African Development Bank, working with partners like The Rockefeller Foundation, Global Energy Alliance for People and Planet, and Sustainable Energy for All. It aims to connect 300 million people to clean electricity by 2030.

    Central to this initiative are Compact Delivery and Monitoring Units. These are essentially country platforms anchored in electrification. They reflect how a well-structured country platform can make an impact. Twelve African countries are already moving in this direction. All announced their Mission 300 compacts at the Africa Heads of State Summit in Tanzania.

    This growing cohort reflects a continental commitment to putting energy-driven country platforms at the heart of Africa’s development architecture.

    Why now – and why Africa?

    A well-functioning country platform can help in a number of ways.

    Firstly, it can give the political and economic leadership a clear goal. The platform can survive elections and show stability, certainty and transparency to the investment world.

    Secondly, national ownership and strategic alignment can reduce risk and build confidence. That would encourage investment.

    Thirdly, it builds trust among development partners and investors through clear priorities, transparency, and national ownership.

    Fourthly, it moves beyond isolated pilot projects to system-level transformation – meaning structural change. The transition in one sector, energy for example, creates new value chains that create more, better and safer jobs. Country platforms put African governments in charge of their own economic development, not as passive recipients of climate finance.

    The country sets its investment priorities and then the match-making with international climate finance can begin.

    Making it work: what’s needed

    Developing the data on which a country bases its investment and development plans, and blending those with the fiscal, climate and nature data, is complex. For this reason country platforms require investment in institutional capacity, cross-ministerial collaboration, and strong coordination between finance ministries, environment agencies and economic planners. And especially, in leadership capability.

    African countries must take charge of this capacity and capability acceleration.

    Second, development partners can respond by providing money as well as supporting African leadership, aligning with national strategies, and being willing to co-design mechanisms that meet both investor expectations and local realities.

    Capacity is especially crucial given the scale of Africa’s needs. According to the African Development Bank, Africa will require over US$200 billion annually by 2030 to meet its climate goals. Donor aid will provide only a fraction of this. It will require smart, coordinated investment and careful debt management. Country platforms provide the structure to govern the process.

    Seizing the opportunity

    Country platforms represent one of the most promising innovations in climate and development finance architecture. Properly designed and led, they offer African countries the opportunity to take ownership of their climate and development futures – on their own terms.

    Country platforms could be the “buckle” that finally enables the supply and demand sides of climate finance to come together. It will require commitment, strategic and technical capability, and, above all, smart leadership.

    Richard Calland works for the University of Cambridge Institute for Sustainability Leadership. He is also an Emeritus Associate Professor at the University of Cape Town and an Adjunct Visiting Professor at the University of Witwatersrand School of Governance. He serves on the Advisory Council of the Council for the Advancement of the South African Constitution, Chairs of the Board of Sustainability Education and is a member of the Board of Chapter Zero Southern Africa.

    – ref. Development finance in a post-aid world: the case for country platforms – https://theconversation.com/development-finance-in-a-post-aid-world-the-case-for-country-platforms-257994

    MIL OSI – Global Reports –

    June 5, 2025
  • MIL-OSI Africa: Development finance in a post-aid world: the case for country platforms

    Source: The Conversation – Africa – By Richard Calland, Emeritus Associate Professor in Public Law, UCT. Visiting Adjunct Professor, WITS School of Governance; Director, Africa Programme, University of Cambridge Institute for Sustainability Leadership, University of Cambridge

    With the Trump administration slashing US Agency for International Development budgets and European nations shifting overseas development aid budgets to bolster defence spending, the world has entered a “post-aid era”.

    But there is an opportunity to recast development finance as strategic investment: “country platforms”.

    Country platforms are government-led, nationally owned mechanisms that bring together a country’s climate priorities, investment needs and reform agenda, and align them with the interests of development partners, private investors and implementing agencies. They function as a strategic hub: convening actors, coordinating funding, and curating pipelines of projects for investment.

    Think of them as the opposite of donor-driven fragmentation. Instead of dozens of disconnected projects driven by external priorities, a country platform enables governments to set the agenda and direct finance to where it is needed most. That could be renewable energy, climate-smart agriculture, resilient infrastructure, or nature-based solutions.

    Country platforms are a current fad. They were the talk of the town at the 2025 Spring meetings of multilateral development banks in Washington DC. Will they quickly fade as the next big new idea comes into view? Or can they escape the limitations and failings of the finance and development aid ecosystem?

    The Independent High Level Expert Group on Climate Finance, on which I serve, is striving to find new ways to ramp up finance – both public and private – in quality and quantity. I agree with those who argue that country platforms could be the innovation that unlocks the capital urgently needed to tackle climate overshoot and buttress economic development.

    The model is already being tested. More than ten countries have launched their platforms, and more are in the pipeline.

    For African countries, the opportunity could not be more timely. African governments are racing to deliver their Nationally Determined Contributions. These are the commitments they’ve made to reduce their greenhouse gas emissions as part of climate change mitigation targets set out in the Paris Agreement. Implementing these plans is often being done under severe fiscal constraints.

    At the same time global capital is looking for investment opportunities. But it needs to be convinced that the rewards will outweigh the risks.

    Where it’s being tested

    In Africa, South Africa’s Just Energy Transition Partnership has demonstrated both the potential and the complexity of a country platform. Egypt and Senegal also have country platforms at different stages of implementation. Kenya and Nigeria are exploring similar mechanisms. The African Union’s Climate Change and Resilient Development Strategy calls for country platforms across the continent.

    New entrants can learn from countries that started first.

    But country platforms come in different shapes and sizes according to the context.

    Another promising example is emerging through Mission 300, an initiative of the World Bank and African Development Bank, working with partners like The Rockefeller Foundation, Global Energy Alliance for People and Planet, and Sustainable Energy for All. It aims to connect 300 million people to clean electricity by 2030.

    Central to this initiative are Compact Delivery and Monitoring Units. These are essentially country platforms anchored in electrification. They reflect how a well-structured country platform can make an impact. Twelve African countries are already moving in this direction. All announced their Mission 300 compacts at the Africa Heads of State Summit in Tanzania.

    This growing cohort reflects a continental commitment to putting energy-driven country platforms at the heart of Africa’s development architecture.

    Why now – and why Africa?

    A well-functioning country platform can help in a number of ways.

    Firstly, it can give the political and economic leadership a clear goal. The platform can survive elections and show stability, certainty and transparency to the investment world.

    Secondly, national ownership and strategic alignment can reduce risk and build confidence. That would encourage investment.

    Thirdly, it builds trust among development partners and investors through clear priorities, transparency, and national ownership.

    Fourthly, it moves beyond isolated pilot projects to system-level transformation – meaning structural change. The transition in one sector, energy for example, creates new value chains that create more, better and safer jobs. Country platforms put African governments in charge of their own economic development, not as passive recipients of climate finance.

    The country sets its investment priorities and then the match-making with international climate finance can begin.

    Making it work: what’s needed

    Developing the data on which a country bases its investment and development plans, and blending those with the fiscal, climate and nature data, is complex. For this reason country platforms require investment in institutional capacity, cross-ministerial collaboration, and strong coordination between finance ministries, environment agencies and economic planners. And especially, in leadership capability.

    African countries must take charge of this capacity and capability acceleration.

    Second, development partners can respond by providing money as well as supporting African leadership, aligning with national strategies, and being willing to co-design mechanisms that meet both investor expectations and local realities.

    Capacity is especially crucial given the scale of Africa’s needs. According to the African Development Bank, Africa will require over US$200 billion annually by 2030 to meet its climate goals. Donor aid will provide only a fraction of this. It will require smart, coordinated investment and careful debt management. Country platforms provide the structure to govern the process.

    Seizing the opportunity

    Country platforms represent one of the most promising innovations in climate and development finance architecture. Properly designed and led, they offer African countries the opportunity to take ownership of their climate and development futures – on their own terms.

    Country platforms could be the “buckle” that finally enables the supply and demand sides of climate finance to come together. It will require commitment, strategic and technical capability, and, above all, smart leadership.

    – Development finance in a post-aid world: the case for country platforms
    – https://theconversation.com/development-finance-in-a-post-aid-world-the-case-for-country-platforms-257994

    MIL OSI Africa –

    June 5, 2025
  • MIL-OSI Global: Your left and right brain hear language differently − a neuroscientist explains how

    Source: The Conversation – USA – By Hysell V. Oviedo, Assistant Professor of Biomedical Research, Washington University in St. Louis

    How you process language is influenced by how each side of your brain developed in early life. Peter Dazeley/The Image Bank via Getty Images

    Some of the most complex cognitive functions are possible because different sides of your brain control them. Chief among them is speech perception, the ability to interpret language. In people, the speech perception process is typically dominated by the left hemisphere.

    Your brain breaks apart fleeting streams of acoustic information into parallel channels – linguistic, emotional and musical – and acts as a biological multicore processor. Although scientists have recognized this division of cognitive labor for over 160 years, the mechanisms underpinning it remain poorly understood.

    Researchers know that distinct subgroups of neurons must be tuned to different frequencies and timing of sound. In recent decades, studies on animal models, especially in rodents, have confirmed that splitting sound processing across the brain is not uniquely human, opening the door to more closely dissecting how this occurs.

    Yet a central puzzle persists: What makes near-identical regions in opposite hemispheres of the brain process different types of information?

    Answering that question promises broader insight into how experience sculpts neural circuits during critical periods of early development, and why that process is disrupted in neurodevelopmental disorders.

    Timing is everything

    Sensory processing of sounds begins in the cochlea, a part of the inner ear where sound frequencies are converted into electricity and forwarded to the auditory cortex of the brain. Researchers believe that the division of labor across brain hemispheres required to recognize sound patterns begins in this region.

    For more than a decade, my work as a neuroscientist has focused on the auditory cortex. My lab has shown that mice process sound differently in the left and right hemispheres of their brains, and we have worked to tease apart the underlying circuitry.

    For example, we’ve found the left side of the brain has more focused, specialized connections that may help detect key features of speech, such as distinguishing one word from another. Meanwhile, the right side is more broadly connected, suited for processing melodies and the intonation of speech.

    Sound information moves through the cochlea to the brain.
    Jonathan E. Peelle, CC BY-SA

    We tackled the question of how these left-right differences in hearing develop in our latest work, and our results underscore the adage that timing is everything.

    We tracked how neural circuits in the left and right auditory cortex develop from early life to adulthood. To do this, we recorded electrical signals in mouse brains to observe how the auditory cortex matures and to see how sound experiences shape its structure.

    Surprisingly, we found that the right hemisphere consistently outpaced the left in development, showing more rapid growth and refinement. This suggests there are critical windows of development – brief periods when the brain is especially adaptive and sensitive to environmental sound – specific to each hemisphere that occur at different times.

    To test the consequences of this asynchrony, we exposed young mice to specific tones during these sensitive periods. In adulthood, we found that where sound is processed in their brains was permanently skewed. Animals that heard tones during the right hemisphere’s earlier critical window had an overrepresentation of those frequencies mapped in the right auditory cortex.

    Adding yet another layer of complexity, we found that these critical windows vary by sex. The right hemisphere critical window opens earlier in female mice, and the left hemisphere window opens just days later. In contrast, male mice had a very sensitive right hemisphere critical window, but no detectable window on the left. This points to the elusive role sex may play in brain plasticity.

    Our findings provide a new way to understand how different hemispheres of the brain process sound and why this might vary for different people. They also provide evidence that parallel areas of the brain are not interchangeable: the brain can encode the same sound in radically different ways, depending on when it occurs and which hemisphere is primed to receive it.

    Speech and neurodevelopment

    The division of labor between brain hemispheres is a hallmark of many human cognitive functions, especially language. This is often disrupted in neuropsychiatric conditions such as autism and schizophrenia.

    Reduced language information encoding in the left hemisphere is a strong indication of auditory hallucinations in schizophrenia. And a shift from left- to right-hemisphere language processing is characteristic of autism, where language development is often impaired.

    Children with certain neurodevelopmental conditions may have trouble processing speech.
    Towfiqu Ahamed/iStock via Getty Images Plus

    Strikingly, the right hemisphere of people with autism seems to respond earlier to sound than the left hemisphere, echoing the accelerated right-side maturation we saw in our study on mice. Our findings suggest that this early dominance of the right hemisphere in encoding sound information might amplify its control of auditory processing, deepening the imbalance between hemispheres.

    These insights deepen our understanding of how language-related areas in the brain typically develop and can help scientists design earlier and more targeted treatments to support early speech, especially for children with neurodevelopmental language disorders.

    Hysell V Oviedo receives funding from NIH.

    – ref. Your left and right brain hear language differently − a neuroscientist explains how – https://theconversation.com/your-left-and-right-brain-hear-language-differently-a-neuroscientist-explains-how-257436

    MIL OSI – Global Reports –

    June 5, 2025
  • MIL-OSI Africa: Africa Investment Forum Partners Sign Partnership Framework Agreement at African Bank Development Bank Group’s 2025 Annual Meetings

    Source: Africa Press Organisation – English (2) – Report:

    ABIDJAN, Ivory Coast, June 4, 2025/APO Group/ —

    On the sidelines of the African Development Bank Annual Meetings (www.AfDB.org), founding partners of the Africa Investment Forum signed a Partnership Framework Agreement, reinforcing their collective commitment to mobilize transformative investments across the African continent.

    The new framework creates a clearer partnership model that sets out the roles and benefits for the founding partners. It also opens the door for expansion to new partners, ensuring everyone benefits while increasing the Forum’s overall impact.

    Launched in 2018, the Africa Investment Forum platform has solidified its standing as  Africa’s premier investment marketplace for global investors and has garnered nearly $225 billion in investment interest to date.

    Principals of the African Development Bank Group, Africa50, Africa Finance Corporation, Development Bank of Southern Africa (DBSA) and Arab Bank for Economic Development in Africa (BADEA) signed the agreement. The other partners are Trade and Development Bank, European Investment Bank, Islamic Development Bank and Afreximbank.

    Speaking at the signing ceremony, President of the African Development Bank Group and chairperson of the Africa Investment Forum, Dr. Akinwumi A. Adesina said:

    “This agreement is a testament to our shared vision: that Africa will not be developed by aid, but by investment. The AIF has changed perceptions and proven that Africa is indeed a bankable destination.”

    Dr Fahad Abdullah Aldossari, Chairman of BADEA’s Board of Directors said: “The signing of the AIF Framework Agreement marks a remarkable milestone to ascertain both effectiveness and efficiency as well as financial sustainability for AIF 2.0 in a bid to advance more projects to bankability and crowd-in transformative investments to the continent.”

    Alain Ebobissé, CEO of Africa 50 said: “This signature marks our renewed commitment to support the objectives of the Africa Investment Forum, launched under the visionary leadership of President Adesina. It is a much-needed deal-making platform that helps strengthen collaborations and leverage innovative models to unlock private capital to accelerate the delivery of bankable projects on the continent. It is critical for African Institutions to support it”.

    “As a Founding Partner, we are proud to see this initiative formally take shape. Through AIF, we’ve proven what Africa can achieve when we collaborate — building the continent’s first investment platform that truly mobilizes capital for bankable, high-impact projects,” said Samaila Zubairu, President and CEO of Africa Finance Corporation.

    “We have to continue leveraging the AIF as a platform for capital mobilisation in Africa, to bridge the infrastructure funding gap in the continent,” said DBSA’s CEO Boitumelo Mosako.

    The signing of the Partnership Framework Agreement takes place ahead of what is expected to be an expanded and impactful Market Days 2025, to be held from 26 to 28 November 2025 in Rabat, Morocco. Market Days, the centerpiece of the Africa Investment Forum platform, brings together investors, deal sponsors and heads of government to advance transformational African projects toward financial close.   

    MIL OSI Africa –

    June 5, 2025
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