Halo Investing Secures Financial Services Permission from Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA)

CHICAGO, Feb. 22, 2023 (GLOBE NEWSWIRE) — Halo Investing, a leading global Fintech headquartered in Chicago, U.S.A., today announced that it has secured its Financial Services Permission ("FSP”) from Abu Dhabi Global Market ("ADGM")'s Financial Services Regulatory Authority ("FSRA") effective 19 January 2023.

  • The FSP enables professional investors to benefit from Halo Investing's award–winning technology, which seeks to democratize access to protective investments such as structured notes.
  • Halo Investing plans to leverage the ADGM's status as a leading global innovation hub to conduct regulated activities in the region.

The dedicated office and expanded regional presence will help drive the growth of Halo Investing's international footprint in the protective investing landscape. The Abu Dhabi team will pursue Halo's objectives of fundamentally disrupting the structured products industry and creating more efficient markets. With its industry–leading technology, Halo is changing the world of investing by democratizing the protective investment marketplace through transparency, efficiency, and financial innovation.

Halo Investing is the first multi–issuer technology platform dedicated to protective investment solutions in the U.S.A. Halo was co–founded by Biju Kulathakal and Jason Barsema in 2015 with a mission to provide access to impactful investment opportunities previously unavailable to most investors.

In October 2021, Halo Investing announced a $100–million–plus round of Series C funding. With over 30 global banking partners, Halo has created a marketplace connecting advisors and investors to protective investment products offered by leading global financial institutions. Through the Halo platform, financial professionals can easily access structured products as well as a whole suite of tools to analyze, customize, and execute unique portfolio construction solutions.

The FSP authorized Halo Investing MEA Ltd. to conduct regulated activities in the ADGM, including arranging deals in investments and dealing in investments pursuant to the Financial Services and Markets Regulations 2015 ("FSMR").

Jason Barsema, President at Halo Investing, said, "Halo is honored to be a part of the Falcon Economy, making Abu Dhabi our launchpad to create a positive global impact. The structured note industry needs more transparency, efficiency, and accessibility. Halo cannot deliver this disruption without the innovation, opportunity, and scale ADGM brings Fintechs like Halo."

Arvind Ramamurthy, Chief of Markets at ADGM, said, "ADGM is pleased to welcome Halo Investing into our progressive ecosystem that enables global fintech companies to grow and expand in the region. The need for structured products that facilitate an efficient and protective investment marketplace is ever–increasing. The introduction of Halo's holistic products and services that serve this very need is a testament to the international companies Abu Dhabi's economy is attracting and its focus on financial innovation. As an international financial center, ADGM has been a champion in fostering a progressive, robust, and well–regulated environment for businesses to scale and grow."

Sadiq Hussain, Senior Executive Officer at Halo Investing MEA, added, "We are delighted and thankful for receiving our Category 3A license from the FSRA. It is our privilege to be part of the world's most innovative financial center, Abu Dhabi Global Market. We look forward to being part of the growing ADGM ecosystem by bringing Halo's award–winning protective investment solutions to the UAE and delivering our leadership's vision of impact before profits."

About Halo Investing
Founded in 2015, Halo Investing is an award–winning technology platform that disrupts how protective investment solutions are used worldwide. Headquartered in Chicago, with offices in Abu Dhabi and Zurich, Halo is democratizing access to investment solutions that were previously unavailable to most investors, including structured notes, buffered ETFs, and annuities. Halo has received a growing number of honors and was recently named one of Fast Company's Ten Most Innovative Companies. For more information, please visit: http://www.haloinvesting.com.

Halo Investing MEA Ltd (“Halo MEA”) is licensed and regulated by Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA). Halo MEA is a wholly owned subsidiary of Halo Investing, Inc and is only authorized to provide financial products and services to professional clients and market counterparties in ADGM. Halo MEA acts solely as a distributor/selling agent and is not the issuer or guarantor of any structured product.

Media Contacts:

Halo Investing MEA
Charlotte Nedir

Halo Investing
Vladislav Moldavskiy

GLOBENEWSWIRE (Distribution ID 8754815)

Synchronoss to Showcase AI-Powered Personal Cloud Platform at Mobile World Congress

BRIDGEWATER, N.J., Feb. 22, 2023 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. ("Synchronoss" or the "Company") (NASDAQ: SNCR), a global leader and innovator in cloud, messaging and digital products and platforms, today announced it will showcase the latest version of Synchronoss Personal Cloud at Mobile World Congress in Barcelona, Spain.

The new Synchronoss Personal Cloud platform enables telecom operators to offer premium and value–added services to backup and manage files, photos, videos, and digital content stored on mobile phones and other devices.

Leveraging artificial intelligence (AI) the new Genius feature provides tools to optimize photos. Users can colorize black and white photos, enhance photos, and touch up faces, among other effects. The addition of BackTrack provides the capability to revert back and restore files if they are deleted, corrupted, or lost. Additionally, by integrating machine learning, the platform's Advanced Highlights feature makes it easy to categorize and tag photos, videos, and other digital content so they can be easily highlighted, managed, and shared.

"Unlike OTT apps, our cloud platform provides a carrier–grade solution for service providers to deliver value–added services that also focus heavily on data security and privacy," said Jeff Miller, President and CEO of Synchronoss. "The capabilities of generative AI and machine learning allow us to deliver innovative functionality such as Genius, BackTrack, and Advanced Highlights, giving users new ways to engage and share their digital content."

The new features of Synchronoss Personal Cloud are being rolled out to millions of subscribers, including cloud users at AT&T, Verizon, and one of the largest global operators that recently signed a multi–year cloud agreement launching later this year.

Entering Mobile World Congress, Synchronoss will also showcase its carrier–grade email platform, Synchronoss Email Suite. The company recently announced a new contract expansion with a prominent service provider that is delivering email services to over 50 million users, powered by Synchronoss Email Suite and the Mx9 core messaging platform.

"Representing the future of connectivity and drawing the biggest names in the industry, Mobile World Congress is a tremendous venue to build on the momentum of the new Synchronoss Personal Cloud and Synchronoss Email Suite platforms. We look forward to working with our global customers, partners, and new prospects to deliver innovative cloud, messaging, and digital solutions that drive new revenue opportunities for their business," added Miller.

Meet Us in Barcelona

To schedule a meeting at Mobile World Congress, visit: https://synchronoss.com/events/#schedule.

About Synchronoss

Synchronoss Technologies (NASDAQ: SNCR) builds software that empowers companies around the world to connect with their subscribers in trusted and meaningful ways. The company's collection of products helps streamline networks, simplify onboarding, and engage subscribers to unleash new revenue streams, reduce costs and increase speed to market. Hundreds of millions of subscribers trust Synchronoss products to stay in sync with the people, services, and content they love. Learn more at www.synchronoss.com.

Media Relations Contact:
Domenick Cilea

Investor Relations Contact:
Matt Glover / Tom Colton
Gateway Group, Inc.

GLOBENEWSWIRE (Distribution ID 8754201)