Archives May 2026

Business Wire India

As India’s Digital Personal Data Protection (DPDP) Act moves towards implementation, a fundamental shift is quietly underway in how organisations and specifically HR, will be expected to operate.

In a newly released practitioner playbook, “The Digital Workplace and HR Accountability – Part 1: Data Protection”, Mandeep Singh of HRhelpdesk reframes employee data protection not as a compliance issue, but as a structural HR accountability and judgement responsibility.

At the centre of Mandeep Singh’s argument is a simple but confronting reality: HR is no longer merely managing employee information, it is now accountable for explaining it.

The playbook, authored by Mandeep Singh, is written for HR leaders navigating an increasingly digital workplace where employees and candidates may begin exercising data rights more actively and expecting clear, reasoned, and defensible answers.

Rather than approaching DPDP as a legal or IT driven initiative, Mandeep Singh positions data protection as an embedded HR responsibility, cutting across the entire employment lifecycle, recruitment, onboarding, engagement, exits, and post-employment record management.

In doing so, Mandeep Singh introduces a critical distinction that many HR teams have not previously been required to make with rigour: “the difference between employment purpose, consent, and organisational convenience”.

The playbook goes beyond definitions and addresses the real decisions HR teams will face, including:

• What changes when employees begin asking what data is held and why
• How organisations should respond to access, correction, or erasure expectations
• Why informal handling of employee data is no longer defensible
• How many data risks originate not in systems, but in everyday HR behaviour and judgement

Across these themes, Mandeep Singh consistently positions HR not as a policy custodian, but as a decision maker whose judgement will increasingly be examined and relied upon.

“Data protection is not becoming important, it is becoming visible,” said Mandeep Singh, Partner – HR, AI & Data Science at HRhelpdesk. “For the first time, HR will be expected not just to follow processes, but to explain its choices, what data was collected, why it was retained, who was given access, and whether those decisions were deliberate or convenient. That is where accountability begins.”

HR leaders and practitioners can read the article and download the full report by clicking the link: The Digital Workplace and HR Accountability – Part 1 (DPDP Act)

(The download report link is available on the page itself)

Business Wire India

AU Small Finance Bank, India’s largest Small Finance Bank and a Scheduled Commercial Bank, has announced a revision in its savings account interest rates to 6.75% p.a.

The move positions AU Small Finance Bank among the most competitive offerings in the savings account segment, giving existing and prospective customers a stronger incentive to consolidate their savings with the Bank, while continuing to benefit from a seamless, digital savings account experience.

Higher Returns on Every Savings Account

With the revised rate of 6.75%* p.a. customers stand to earn meaningfully more on their savings account balances, with no change to the accessibility or flexibility they already enjoy. Interest is calculated on eligible balances and credited on a monthly basis, providing customers with regular liquidity and improved cash flow management.

Customers can estimate their potential earnings using the AU Small Finance Bank savings account interest rate calculator, available on the official website www.au.bank.in. The calculator allows users to enter their balance and tenure to get an accurate picture of interest earnings at the revised rate.

Key Features of AU Small Finance Bank Savings Account

Customers opening a savings account with AU Small Finance Bank benefit from:

• Savings account interest rates up to 6.75%* p.a., among the most competitive in the market
• Monthly interest payouts, improving liquidity and household cash flow
• Zero-balance savings account options available for select variants
• Fully digital savings account opening with instant Video KYC, no branch visit required
• Secure banking via AU’s mobile banking app (AU 0101) and Net banking portal
• UPI, IMPS, NEFT, and bill payment services integrated into the digital savings account experience

The digital savings account can be opened entirely through the AU 0101 mobile banking app. The app is available on Android and iOS or via AU Small Finance Bank’s website. The onboarding process is paperless and typically completed within minutes, making it accessible to salaried professionals, students, freelancers, and first-time account holders alike.

What This Means for Customers

The revision in savings account interest rates of 6.75%* p.a. enables customers to earn higher interest on their savings, with interest calculated and compounded annually, depending on applicable balance slabs. Customers can visit the AU Small Finance Bank website to view detailed slab-wise interest rates and estimate returns based on their account balance.

About AU Small Finance Bank’s Digital Banking Platform

AU Small Finance Bank’s mobile banking app, AU 0101, provides customers full access to their savings account including fund transfers, UPI payments, bill settlements, fixed deposit bookings, and account statements — from any device, at any time. The Bank’s digital savings account infrastructure is built for speed and security, with two-factor authentication, real-time transaction alerts, and instant card controls.

The Bank continues to expand its digital reach, enabling customers across urban and semi-urban India to access competitive savings account interest rates and financial services without the constraints of physical branch dependency.

Availability and Effective Date

The revised savings account interest rate of 6.75%* p.a. is effective and applicable as per AU Small Finance Bank’s policy on savings account balances.

Important: Interest rates on savings accounts are subject to periodic revision. Customers are advised to verify the most current savings account interest rates directly on the AU Small Finance Bank official website before making any financial decisions.

Business Wire India

Regnology, a global provider at the intersection of regulatory, risk, finance and supervisory technology, today announced the completion of its acquisition of Moody’s Regulatory Reporting & ALM Solutions business. The transaction expands Regnology’s solution portfolio with Moody’s comprehensive capabilities covering Basel III compliance, IFRS 9 impairment, large‑bank asset and liability management (ALM), Solvency II insurance reporting, and prudential and statistical regulatory reporting.

 

The transaction closes at a pivotal inflection point. Financial institutions face intensifying regulatory scrutiny, growing data complexity, and rising expectations for governance and auditability, while advances in artificial intelligence are creating new opportunities to modernize control frameworks and operating models. Regnology is responding by accelerating its Straight-Through Reporting (STR) vision and leveraging the combined capabilities of the transaction to deliver more resilient, transparent, and efficient frameworks across the regulatory, risk, and finance functions.

 

 

For clients transitioning from Moody’s, Regnology’s foremost commitment is to business continuity and service excellence, supported by a global team of more than 2,500 professionals, including over 1,000 dedicated regulatory, risk, and service specialists.

 

 

Rob Mackay, Chief Executive Officer of Regnology said: “The completion of this transaction is a powerful catalyst for advancing our ambition to build the compliance operating system of the future and to break down traditional silos between Chief Risk Officers and Chief Financial Officers. By combining expanded functional coverage with deep regulatory expertise and modern, governed technology, we are uniquely positioned to help institutions strengthen control frameworks, increase transparency, and turn compliance into a source of insight and confidence.”

 

 

The combined solutions will strengthen and extend Regnology’s existing best‑of‑breed solution lines, including Regnology Reporting Hub (RRH), Regnology Risk Hub (RRiH), and Regnology Finance Hub (RFH), enhancing coverage across regulatory reporting, finance, risk, capital, liquidity, and ALM. As these solution lines are progressively onboarded onto Ascend, Regnology’s next‑generation, modular, cloud‑native platform, they will benefit from the platform’s shared services, scale and operational resilience, while retaining their domain‑specific strengths.

 

 

This approach builds on Regnology’s proven, battle-tested ability to deliver transformation at scale while preserving continuity. The recently introduced RGI governed intelligence layer further strengthens Ascend by enabling a scalable, governed environment where data, intelligence, and workflows converge, reducing fragmentation and manual intervention across the regulatory lifecycle.

 

 

Looking ahead, Regnology will continue to invest in talent, platform innovation, and AI to meet the evolving regulatory demands of global financial markets.

 

 

About Regnology

 

 

Regnology is a recognized leader in regulatory, risk, tax, and finance reporting technology— connecting regulators and the regulated across more than 100 countries. Our unique position enables us to span the full spectrum of industry needs, delivering solutions that address both oversight and compliance requirements to a broad range of clients, including global Tier 1 banks, local and regional institutions, corporates, insurers, and authorities.

 

 

With presence in over 30 countries and deep local expertise, Regnology combines a truly global approach with an understanding of regional regulatory requirements. Our unified data model and “map once, report many” methodology ensure consistency, auditability, and scalability across jurisdictions, while our modular, cloud-native solutions empower clients to achieve compliance, unlock enterprise-wide insights, and future-proof their operations.

 

 

Regnology’s leadership is underpinned by fast-paced growth and a front-running approach to innovation, continually investing in automation, AI, and domain expertise to deliver future-ready solutions.

 

 

For more information about Regnology, connect with us on LinkedIn.

 

 

Visit our website: www.regnology.net.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260504135988/en/

 

Business Wire India

SES, a leading space solutions company, will provide service on its high-capacity medium-Earth orbit (MEO) satellite network, O3b mPOWER, to Petrobras, the Brazilian state-owned oil company, to connect multiple new Floating Production, Storage and Offloading systems (FPSOs). The projects will go into operation in the coming years, expanding Petrobras’ oil and gas production capacity to meet national energy needs and contribute to global oil markets.

 

FPSOs are modern and efficient oil production platforms, responsible for processing, collecting, storing, and transferring oil to shuttle tankers, directly from subsea wells in deepwater fields. FPSOs offer the flexibility, capacity, and operational resilience needed to sustain large-scale offshore production in remote and challenging environments. Brazil is home to the majority of the offshore projects under development worldwide, and Petrobras is one of the largest FPSO operators on the planet, responsible for most of the country’s oil and gas production.

 

 

Operational since 2024, O3b mPOWER’s high-performance, carrier-grade, low latency, open standard MEO network is ideal for the energy market use cases like FPSO connectivity. Unique O3b mPOWER features such as high return (upload) throughputs and the ability to shift capacity between upload and download links provide the reliability, resilience and flexibility required to support evolving application needs and the massive amount of data generated by FPSO operations.

 

 

The demand for high-capacity connectivity in Brazil’s energy sector continues to grow as the industry’s digitalization advances. The ability to transform real-time information into faster and smarter decisions, resulting in substantial efficiency gains, is a crucial factor for the offshore oil and gas industry.

 

 

Ricardo La Guardia, Vice President Latin America of SES, said: “Since the start of service of our O3b mPOWER system, SES has become a key partner for our energy customers, customers with a focus on communications performance, resiliency, and consistency to optimize their operations and improve their efficiency. Brazil leads the world in new offshore projects. Petrobras’ choice to power their new FPSOs with SES confirms O3b mPOWER MEO as the go-to platform for mission-critical energy operations.”

 

 

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About SES

 

 

At SES, we believe that space has the power to make a difference. That’s why we design space solutions that help governments protect, businesses grow, and people stay connected—no matter where they are. With integrated multi-orbit satellites and our global terrestrial network, we deliver resilient, seamless connectivity and the highest quality video content to those shaping what’s next. Following our Intelsat acquisition, we now offer more than 100 years of combined global industry leadership—backed by a track record of bringing innovation “firsts” to market. As a trusted partner to customers and the global space ecosystem, SES is driving impact that goes far beyond coverage. The company is headquartered in Luxembourg and listed on Paris and Luxembourg stock exchanges (Ticker: SESG). Further information is available at: www.ses.com

 

 

About Petrobras

 

 

We are a publicly traded corporation that operates in an integrated and specialized manner within the oil, natural gas, and energy industry. We have expertise in exploration and production as a result of decades of development in Brazilian basins, particularly in deep and ultra-deep waters, which has made us a world leader in this segment. Our business goes beyond the field and the extraction of oil and gas. It involves a long process through which we transport oil and gas to our refineries and natural gas treatment units, which must be equipped and constantly evolving to provide the best products. It is our priority to operate with low costs and low carbon emissions, contributing to our commitment to sustainable development for a society in transition. More information is available at www.petrobras.com.br.

 

 

Forward-looking Statements

 

 

This press release contains certain “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “will” and “expected”.

 

 

Forward-looking statements are not assurances of future performance and are subject to inherent uncertainties and risks that are difficult to predict. Factors that might cause such a difference include those discussed in our filings with the US Securities and Exchange Commission, including our Form F-4, such as risks relating to satellite launch, in-orbit performance, and satellite lifespan; risks relating to regulatory, spectrum, and international operations; cybersecurity risks; and geopolitical and macroeconomic risks. The forward-looking statements included in this press release are made only as of the date hereof and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260504336487/en/

 

Business Wire India

OpenWorld Ltd. (“OpenWorld”), a blockchain innovation company advancing real-world asset (RWA) tokenization globally, and Figure Technology Solutions, Inc. (“Figure”) (NASDAQ: FIGR; OPEN: FGRS) today announced an agreement to tokenize OpenWorld’s equity securities in connection with its proposed NASDAQ listing on Figure’s Onchain Public Equity Network (OPEN). The agreement marks a meaningful step in OpenWorld’s tokenization strategy. Additionally, OpenWorld plans to use Figure Forge as a pathway to bring its private credit assets onchain and into Figure’s Democratized Prime marketplace.

 

The decision highlights OpenWorld’s core conviction: that the infrastructure it is building for institutional and sovereign clients globally should first be proven on its own balance sheet. It follows OpenWorld’s previously announced proposed merger with VerifyMe, Inc. (NASDAQ: VRME) as the company advances toward becoming a publicly traded entity (the “Merger”).

 

 

Figure’s OPEN is redesigning how public markets work from the ground up. If achieved effectively, OpenWorld would be able to give investors the power of choice by issuing on both NASDAQ and OPEN.

 

 

On OPEN, investors own blockchain shares directly and can lend their holdings to earn yield while cross-collateralizing their crypto and equities, a benefit that is not widely available on traditional brokerages. Companies are given a smarter way to issue and manage equity, with real-time settlement, lower costs, and blockchain infrastructure built for a regulated environment. The agreement advances the foundations of equity infrastructure.

 

 

“This agreement with Figure positions OpenWorld at a critical moment in the evolution of real-world asset tokenization. We are not building tokenization infrastructure for others while leaving our own securities on legacy rails,” said Matt Shaw, co-founder and CEO of OpenWorld. “Tokenizing our equity on Figure’s OPEN network demonstrates to our institutional partners that we are willing to go first.”

 

 

Recent developments from the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission have provided greater clarity on digital asset classifications, and OpenWorld believes the window to establish a leadership position in compliant tokenized equities infrastructure is now, and it’s finite. These dynamics are shaping how equities are represented through blockchain-based frameworks, with the potential to enhance liquidity.

 

 

“Investors have long had no real say in how their equity works for them, but OPEN changes that,” said Mike Cagney, executive chairman of Figure. “By having the ability to issue alongside NASDAQ, companies like OpenWorld would be able to give investors a genuine choice and, on OPEN, that choice comes with direct ownership, the ability to lend shares and keep the returns that traditionally went to prime brokers, and the ability to cross-collateralize crypto and equities for borrowing.”

 

 

OpenWorld and Figure’s agreement builds on OpenWorld’s global expansion, including its RWA Center of Excellence. Together, they represent a broader bet that the future of public markets runs through blockchain infrastructure, and that OPEN is where that future is being built.

 

 

For more information on OpenWorld, visit https://www.openworld.dev or follow OpenWorld on X.

 

 

About OpenWorld
OpenWorld is a technology-powered digital assets and blockchain innovation company that co-architects and takes principal positions in enterprise blockchain initiatives alongside sovereign governments, institutional partners, and major enterprises. Since its founding in 2023, OpenWorld has advised on projects representing over $65 billion in aggregate network value and supported more than 20 companies backed by leading global venture firms, including a16z, Multicoin Capital, Dragonfly, and Founders Fund. The Company’s capabilities span real-world asset tokenization, stablecoin infrastructure, capital markets advisory, governance structuring, and public markets strategy, with active engagements across the Gulf, Europe, Australia, and Southeast Asia. OpenWorld is completing a reverse merger onto NASDAQ. To learn more, visit openworld.dev.

 

 

About Figure Technology Solutions, Inc.
Figure Technology Solutions, Inc. (Nasdaq: FIGR; OPEN: FGRS) is a blockchain-native capital marketplace that seamlessly connects origination, funding, and secondary market activity. More than 300 partners use its loan origination system and capital marketplace. Collectively, Figure and its partners have originated over $24 billion of home equity to date, among other products, making Figure’s ecosystem the largest non-bank provider of HELOCs. The fastest growing components are Figure Connect, its consumer credit marketplace, and Democratized Prime, Figure’s on-chain lend-borrow marketplace. Figure’s ecosystem also includes DART (Digital Asset Registry Technology) for asset custody and lien perfection, and $YLDS, an SEC-registered yield-bearing stablecoin that operates as a tokenized money market fund.

 

 

Figure is the market leader in real-world asset (RWA) tokenization. The company has received AAA ratings from S&P and Moody’s on multiple loan securitizations, the first of its kind for blockchain finance. For more information, visit https://figure.com or follow Figure on LinkedIn.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260505615719/en/

 

Business Wire India

Wolters Kluwer, a global leader in professional information, software solutions and services, today announced the successful completion and full go‑live of a two-phase platform for Segway-Ninebot, a global leader in electric personal mobility.

 

The implementation marks a significant milestone in Segway-Ninebot’s digital transformation journey, establishing a unified CPM foundation for statutory consolidation, management reporting, budgeting and forecasting. By replacing fragmented, manual processes with an automated, intelligent operating model, the company has significantly strengthened global financial governance, enhanced analytical capabilities and enabled faster, more confident decision-making.

 

 

Meeting the challenges of global expansion: CCH Tagetik sets a new standard for unified statutory and management reporting

 

 

As Segway-Ninebot expanded into a multinational organization with more than 50 legal entities worldwide, its financial management environment had become increasingly complex. Multiple SAP instances across China and overseas, additional non-SAP accounting systems, inconsistent master data standards and heavily manual statutory reporting processes created operational inefficiencies and reconciliation challenges.

 

 

Limited reporting frequency and gaps between management and statutory views further constrained visibility and control.

 

 

To address these challenges, Wolters Kluwer leveraged its deep expertise in global financial performance management to deliver a single, integrated CPM platform built on CCH Tagetik. The solution spans four core modules: statutory consolidation, management reporting, annual budgeting and rolling forecasting, and is powered by robust direct SAP connectivity and advanced integration capabilities.

 

 

By breaking down data silos and standardizing processes across geographies, accounting standards and currencies, the platform enables seamless automated data integration and a consistent, reliable financial data foundation.

 

 

Delivering measurable impact: A 45% faster close cycle and greater business agility

 

 

Implemented in two carefully managed phases and deeply integrated with more than ten surrounding systems, the CCH Tagetik platform has delivered tangible, enterprise-wide benefits, most notably a 45% reduction in the financial close cycle.

 

 

Through automated data collection, cleansing and consolidation, Segway-Ninebot has dramatically accelerated reporting timelines:

 

 

• Entity level close: T+1
• Group statutory consolidation: T+3
• Management reporting: T+4
• End-to-end value chain reporting: T+5

 

The platform also processes nearly 10 million business data records annually, enabling detailed end-to-end cost tracing and profitability analysis by SKU and customer. Complex unrealized profit eliminations are now automated, significantly improving accuracy and transparency.

 

A single source of truth for finance and business

 

 

Beyond speed, the project established a standardized global finance‑business operating model. Wolters Kluwer supported Segway-Ninebot in aligning master data management standards and unifying accounting practices across 15 entities, ensuring strong consistency between statutory and management reporting.

 

 

The solution further enables closed loop performance management by connecting annual budgeting and rolling forecasts with shared services and in process expense control. This integrated approach provides dynamic forecasting capabilities and tighter cost governance, helping management respond more effectively to changing market conditions.

 

 

Michael Chung, Greater China General Manager of CCH Tagetik Greater at Wolters Kluwer, said: “Segway-Ninebot is an outstanding example of a globally minded technology innovator, and we are honoured to support its transformation. By addressing the complexity of its global operating model, CCH Tagetik demonstrated clear strengths in multi-GAAP compliance, high volume data processing and sophisticated modelling. The result is a solid, trusted data foundation that enables faster closes, deeper insights and stronger global decision making.”

 

 

Yang Hu, IT Director, Segway-Ninebot, said: “As our business expanded globally, we faced persistent challenges around efficiency and data consistency across statutory consolidation, management reporting, budgeting and forecasting. By building a unified finance and management platform on CCH Tagetik, we successfully automated integration across multiple systems worldwide. The 45% reduction in our financial close cycle is a standout achievement, freeing our teams to focus on insight rather than reconciliation, while significantly improving the accuracy and reliability of profitability analysis and performance management.”

 

 

Looking ahead

 

 

Wolters Kluwer will continue to support Segway-Ninebot as it deepens adoption of the CCH Tagetik platform. The next phase of collaboration will focus on advanced data quality analysis, optimization of global operations and maintenance processes, and exploration of sophisticated use cases such as product lifecycle management models. Through continued innovation, Wolters Kluwer aims to help Segway-Ninebot sustain its competitive advantage in an increasingly complex global market.

 

 

About Wolters Kluwer

 

 

Wolters Kluwer (EURONEXT: WKL) is a global leader in information solutions, software and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services.

 

 

Wolters Kluwer reported 2025 annual revenues of €6.1 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,100 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

 

 

Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX, Euro Stoxx 50, and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt (ADR) program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

 

 

For more information, visit www.wolterskluwer.com, follow us on LinkedIn, Facebook, YouTube and Instagram.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260505982482/en/