Archives May 2026

Business Wire India

 

• Nexo renews its Nexo Championship title partnership for the second year in 2026.
• The Nexo Championship, with a newly increased prize fund of $3 million, will return to Aberdeenshire on August 20-23, 2026.
• The tournament concludes the 2026 Closing Swing on the Race to Dubai schedule.

 

Nexo, the premier digital assets wealth platform, and the DP World Tour have confirmed a renewed agreement that will see the Nexo Championship return to Trump International Golf Links in Aberdeenshire from August 20-23, 2026. The tournament will serve as the concluding event of the DP World Tour’s Closing Swing – the final event of the first phase of the 2026 Race to Dubai.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260520684059/en/

 

 

 

In 2025, Nexo joined the DP World Tour as its Official Digital Wealth Platform through 2027 before soon adding the title rights at the Nexo Championship. For its part, the Nexo Championship made its mark from day one: The inaugural 2025 edition launched the Course Record presented by Nexo – a season-long rolling prize fund, starting at $10,000 per tournament and growing with each event until a course record is broken, before resetting for the next.

 

“The Nexo Championship has become something we are genuinely proud of – a tournament that launched the first-ever course record prize on the DP World Tour, and a Scottish champion on home soil in its inaugural year. We are back because this partnership earns its place in our portfolio through measurable long-term view. The Nexo Championship and the DP World Tour give us concentrated, recurring exposure to exactly the audience Nexo is built for – and that is a combination worth renewing,” the Nexo team said of the sponsorship.

 

 

Ben Cowen, Chief Tournament and Operations Officer at the DP World Tour, said: “We are pleased to have reached this new agreement with both Nexo and Trump International Golf Links for the Nexo Championship to again be part of our global schedule, and we thank them for their continued commitment. The Trump International Old Course has earned a reputation as one of the leading new links courses in the United Kingdom, and it was a great backdrop for last year’s tournament. With the Staysure PGA Seniors Championship taking place on our Staysure Legends Tour at the start of August, it is set to be another fantastic month of golf in Aberdeen this summer.”

 

 

Speaking on behalf of the host venue, Eric F. Trump said: “We are greatly honoured to host the DP World Tour’s Nexo Championship at Trump International, Scotland – home of the greatest 36 holes in world golf. This is the second consecutive year we have hosted this prestigious event, and I am immensely proud of the two championships link courses that we have built along the spectacular North Sea shoreline. It is testament to their quality and stature that both the Old Course and New Course will host world-class tournaments this August.”

 

 

Don Trump Jr. also commented on the renewal of the Nexo Championship: “2026 is set to be another incredible year for championship golf at Trump International, Scotland. A huge thank you to the title sponsor Nexo and all those committed to delivering this great event.”

 

 

As a tournament, the Nexo Championship first appeared on the Race to Dubai in 2020 as the Scottish Championship. Its evolution into a named Nexo staple reflects both the DP World Tour’s growing sponsorship ambitions and Nexo’s broader mission for consistent, long-term, and purposeful title partnerships at historically significant events – the most effective tools for building lasting brand recognition in premium markets.

 

 

At last year’s Nexo Championship, Scotland’s Grant Forrest claimed his second DP World Tour title, finishing eight under par and four strokes clear of England’s Joe Dean. Forrest also collected a $10,000 bonus as the inaugural winner of the Course Record presented by Nexo, set during a second-round 66. The 2026 edition will introduce a celebrity pro-am on Wednesday, August 19, broadening the tournament’s appeal beyond solely the professional field.

 

 

The Nexo Championship renewal is one expression of a deliberate, long-term approach to sport that Nexo is building across disciplines and continents. As Official Partner of the Audi Revolut Formula 1 Team, Official Crypto Partner of the Australian Open, title partner of the ATP 500 Dallas Open, and Official Regional Digital Asset Partner of the Argentine National Football Team ahead of the 2026 FIFA World Cup, Nexo has constructed a portfolio designed for compounding returns – recurring, premium exposure and experiences for the financially active, globally mobile audiences it serves.

 

 

About Nexo

 

 

Nexo is a premier digital assets wealth platform designed to empower clients to grow, manage, and preserve their crypto holdings. Our mission is to lead the next generation of wealth creation by focusing on customer success and delivering tailored solutions that build enduring value, supported by 24/7 client care.

 

 

Since 2018, Nexo has provided unmatched opportunities to forward-thinking clients in over 199+ jurisdictions. With over $430 billion processed globally, we bring lasting value to millions worldwide. Built on deep industry expertise, a sustainable business model, robust infrastructure, stringent security, Nexo champions innovation and long-lasting prosperity.

 

 

Official website: nexo.com

 

 

About the DP World Tour

 

 

The DP World Tour is the main men’s professional golf tour of the European Tour group. As golf’s global tour, we showcase global talent in global destinations and use our platform to build, entertain and connect our global community.

 

 

GLOBAL TALENT: We provide pathways and a platform for the leading international talent, bringing together golfing icons, national heroes and emerging stars from around the world.

 

 

GLOBAL DESTINATIONS: We stage tournaments in iconic cities and locations around the world and each week we celebrate and showcase the rich diversity of the courses, cities and cultures we visit.

 

 

GLOBAL COMMUNITY: We build, entertain and connect communities through our commitment to innovation, creative content and having a positive social and environmental impact.

 

 

Our 2026 Global Schedule features 42 tournaments in 25 different countries and comprises three distinct phases: five ‘Global Swings’, the ‘Back 9’ and the ‘DP World Tour Play-Offs’. It features five Rolex Series events – the premium category of events on the DP World Tour – and four Major Championships, all of which count towards the Race to Dubai Rankings, the Tour’s season-long competition which concludes at the DP World Tour Championship in Dubai.

 

 

DP World, the leading provider of global smart end-to-end supply chain and logistics solutions, has been the title partner of the DP World Tour since the start of the 2022 season, the Tour’s 50th season following its formation in 1972. We also enjoy the support of many of the world’s leading business brands with DP World, Rolex, Aldar, AWS, BMW, Buffalo Trace Distillery, Emirates, Fortinet, HCLTech, Husqvarna, Michelob ULTRA, Nexo and Vestas as Official Partners.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260520684059/en/

 

Business Wire India

Visa (NYSE: V), a world leader in digital payments, today released its Spring 2026 Biannual Threats Report, revealing that scams have become the fastest-growing source of consumer harm as criminals increasingly use artificial intelligence and social engineering to manipulate people into authorizing payments themselves.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260520153924/en/

 

 

The report draws on intelligence from Visa’s global network and underscores a critical shift in the fraud landscape: while core payment security continues to strengthen at the network level, criminals are redirecting their efforts away from technical system compromises toward exploiting human trust.

 

 

From July to December 2025, Visa identified nearly $1 billion in scam-related activity, making scams the single largest category of consumer payment fraud. Unlike traditional fraud, these attacks typically do not require breaching technology. Instead, scammers impersonate trusted brands and institutions, manufacture urgency, and deceive victims into completing legitimate-looking transactions.

 

 

“Payments at a network level continue to get safer, but threats are evolving faster than ever,” said Paul Fabara, Chief Risk and Client Services Officer at Visa. “Criminals are increasingly targeting people rather than technology, using deception, urgency and AI-enabled tools to exploit trust. Addressing this shift requires continuous innovation at the network level and close collaboration across banks, merchants, policymakers and the broader payments ecosystem.”

 

 

Four trends shaping the global payment threat landscape

 

 

The latest edition of the Biannual Threats Report identifies four major trends reshaping payment security worldwide:

 

 

• Security is working, but fraud is migrating: Fraud involving device tokens declined 9.6% from July 2025 – December 2025 over the same period in 2024, reinforcing that stronger authentication and network-level protections are effective, even as overall attack volumes continue to rise.
• Scams are accelerating: Scams are now the dominant consumer threat as criminals prioritize social engineering over direct system breaches.
• AI is transforming fraud on both sides: Fraudsters are using AI to scale more convincing scams, while defenders are increasingly deploying AI to detect and stop attacks earlier in the transaction lifecycle.
• Ransomware economics are shifting: Global ransomware activity increased 26% from July 2025 – December 2025 over the same period in 2024, yet only 23% of victims paid ransoms – the lowest rate on record – reflecting improving resilience and recovery capabilities, as well as a reluctance to pay when data could still be leaked, regardless of payment.

 

“The rapid adoption of AI has fundamentally lowered the barrier to entry for fraud,” said Michael Jabbara, SVP, Payment Ecosystem Risk and Control at Visa. “What once required deep technical skill can now be executed with a prompt. That reality makes intelligence-driven defenses and coordinated action across the ecosystem more critical than ever. With this report, our goal is to help leaders act sooner – before fraud reaches consumers.”

 

The full Spring 2026 Biannual Threats Report can be viewed here. For more information on how Visa protects the global payments ecosystem, visit Visa.com/security.

 

 

About Visa

 

 

Visa (NYSE: V) is a world leader in digital payments, facilitating payments transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260520153924/en/

 

Business Wire India

 

• 1GLOBAL now offers transcription with insights into mobile calls in 10 countries on Verint Communications Analytics, built specifically for financial markets and trading environments
• Streamlines the compliance investigation and mobile call monitoring process through transcription and analysis
• Supports transcription and translation from 30+ languages into English with near real-time processing

 

1GLOBAL, a pioneer in global telecommunications solutions, today announced its launch of Verint® Communications Analytics, a key offering within Verint Financial Compliance (VFC) providing mobile call transcription and analytics capabilities. Verint Communications Analytics has been designed to help financial institutions and regulated organizations accelerate productivity when monitoring voice calls (including mobile), identifying behavioral patterns, querying data intentionally by topic, risks, keywords or sentiment, identifying misuse and reducing regulatory risk.

 

Verint Communications Analytics is seamlessly integrated into 1GLOBAL’s mobile platform across 10 international markets. It enables cloud compliance customers to achieve faster and more efficient results via transcription and various analytics.

 

 

Transforming Raw Data into Actionable and Valuable Intelligence

 

 

As regulatory scrutiny intensifies, financial firms face growing pressure to monitor communications more comprehensively, yet many still rely on fragmented recording tools and a time-consuming manual review process.

 

 

1GLOBAL’s use of Verint Communications Analytics fundamentally addresses this challenge by transforming compliance from a reactive obligation into a proactive intelligence function.

 

 

The 1GLOBAL Cloud Compliance Platform records all mobile calls and SMS and securely transfers them to Verint Communications Analytics for automated transcription, summarization, sentiment analysis, and multilingual topic detection – translating from 30+ languages into English with near real-time processing.

 

 

This allows compliance teams working in financial institutions and regulated industries to identify risks faster and investigate potential issues in days rather than weeks, completely securely.

 

 

1GLOBAL’s entire architecture is deployed in multiple regions, including EMEA (Europe, Middle East and Africa) and North America, ensuring that call media is always processed locally within the customer’s regulatory jurisdiction and never transferred across regions. This is why 1GLOBAL Compliance is trusted by regulated financial institutions, including eight of the world’s top ten investment banks.

 

 

Siobhan Thompson, Head of Sales, 1GLOBAL Compliance, said: “In today’s regulatory environment, firms need confidence that business communications are being captured accurately and reviewed efficiently. By combining Verint Communications Analytics with our global mobile recording capabilities, we help compliance teams identify potential risks faster, reduce operational burden, and strengthen oversight across regulated communications.”

 

 

John Bourne, SVP Global Channels and Alliances, Verint, said: “Extending Verint Communications Analytics to 1GLOBAL’s mobile network marks an important step in how regulated firms can apply AI to voice data at a global scale. Together we are equipping compliance and risk teams with a unified view across mobile communications, helping them move from sampling and spot checks to continuous, intelligent oversight.”

 

 

About 1GLOBAL: Leading Digital Transformation in Telecommunications

 

 

1GLOBAL is a technology-driven global mobile communications provider dedicated to empowering enterprises worldwide to unlock the full growth potential of mobile connectivity. With a best-in-class telecom technology platform, a comprehensive suite of globally viable regulatory licenses, and privileged access to the telecom wholesale market, 1GLOBAL is uniquely positioned to deliver seamless mobile connectivity solutions. Serving the world’s leading banks, corporations, and digital-first businesses—including neo-banks, travel companies, and retail groups—1GLOBAL connects over 60 million devices globally.

 

 

In 2025, 1GLOBAL continued to grow profitably, generating revenue of USD 203 million and a profit of USD 26 million. The year was characterized by strong demand for the 1G Connect Travel™ offering, the expansion of enterprise and compliance solutions, and continued investment in eSIM technology. Going forward, 1GLOBAL will focus on expanding national connectivity, extending its MVNO footprint and scaling its technology platform to continue delivering sustainable, profitable growth. Established in 2022 by experienced tech founders and entrepreneurs Hakan Koç and Pyrros Koussios, 1GLOBAL is a European technology leader driving digital transformation in the global telecommunications market. It operates as a fully regulated Mobile Virtual Network Operator (“MVNO”) in 12 countries and as a regulated telecommunications operator in an additional 28 countries. Headquartered in the Netherlands, with world-class R&D hubs in Lisbon, Berlin, and São Paulo, 1GLOBAL employs close to 500 experts across 15 countries.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260520420998/en/

 

Business Wire India

MidOcean Energy (“MidOcean” or the “Company”), a liquefied natural gas (LNG) company formed and managed by EIG, today announced a $120 million equity investment from The Arab Energy Fund (‘’TAEF’’), a leading multilateral impact financial institution, as part of its current equity capital raise.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260520063539/en/

 

 

 

TAEF’s investment further strengthens MidOcean’s high-quality investor base and underscores continued strong interest in the Company’s strategy to build a diversified, resilient and long-life global LNG business.

 

There is significant further momentum from additional investors currently in documentation, and MidOcean will continue to raise capital, with a cumulative target of up to $2 billion from new investors.

 

 

R. Blair Thomas, MidOcean Chairman and EIG CEO, said: “We are delighted to welcome The Arab Energy Fund as a shareholder in MidOcean. Their significant expertise in energy investments is a strong validation of MidOcean’s strategy to build a leading global LNG business. In parallel, EIG and TAEF are seeking collaboration opportunities across energy infrastructure in the Middle East, with the aim of further deepening our relationship.”

 

 

De la Rey Venter, CEO of MidOcean, said: “This investment supports our strategy of building a diversified LNG portfolio and positions us well to execute on our identified growth opportunities. We welcome TAEF with its more than 50 years of experience in energy investing and focus on energy security and sustainability.”

 

 

Khalid Al-Ruwaigh, CEO of The Arab Energy Fund, said: “Our investment in MidOcean Energy reflects the Fund’s commitment to supporting strategic energy platforms that contribute to global energy security and a more sustainable energy mix. LNG continues to play a critical role as a reliable and flexible energy source, and MidOcean’s disciplined approach and high-quality asset base align well with our long-term investment strategy. EIG is a great partner and we look forward to unlocking further value through collaboration across energy infrastructure, particularly in the Middle East.”

 

 

Important Notice

 

 

This announcement is for information purposes only and does not constitute an offer to sell or the solicitation of an offer to subscribe for or purchase any securities. Any offering will be made only pursuant to applicable offering documents and in compliance with applicable securities laws.

 

 

About EIG

 

 

EIG is a leading institutional investor in the global energy and infrastructure sectors with $25.9 billion assets under management as of March 31, 2026. EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 44-year history, EIG has committed – $53.9 billion to the energy sector through 426 projects or companies in 44 countries on six continents. EIG’s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For additional information, please visit www.eigpartners.com.

 

 

About MidOcean

 

 

MidOcean Energy, an LNG company formed and managed by EIG, seeks to build a diversified, resilient, cost- and carbon-competitive global LNG portfolio. It reflects EIG’s belief in LNG as a critical element of a lower carbon, competitive and more secure global energy system. MidOcean Energy has diverse LNG interests, including in LNG Canada, Gorgon LNG, Pluto LNG, QCLNG and Peru LNG. The company is headed by De la Rey Venter, a 30-year industry veteran who has held a variety of senior executive roles, including Global Head of LNG for Shell Plc. For additional information, please visit www.midoceanenergy.com.

 

 

About The Arab Energy Fund

 

 

The Arab Energy Fund (The Fund) is a multilateral impact financial institution focused on the MENA energy and utility sectors, established in 1974 by ten Arab oil-exporting countries. The Fund’s mission is to support the energy ecosystem with debt and equity solutions to enable energy security and sustainability and to develop local value chains and services in the MENA region. The Arab Energy Fund creates impact by contributing to economic prosperity and enabling local communities via talent development and knowledge creation. The Fund offers a comprehensive range of funding solutions across the entire energy value chain to leading public and private sector business partners in over 35 markets. The Arab Energy Fund applies best-practice ESG principles across all operations, with environmental and socially linked projects comprising c.20% of its USD 5.8bn loan portfolio. The Arab Energy Fund is the only energy-focused financial institution in the MENA region rated ‘Aa2’ by Moody’s, ‘AA+’ by Fitch and ‘AA-’ by S&P.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260520063539/en/

 

Business Wire India

L&T Technology Services (BSE: 540115, NSE: LTTS), a global leader in AI, Digital & ER&D Consulting Services, today announced the inauguration of its first Engineering Intelligence Center of Excellence (EI CoE) in Europe, located in Munich, Germany. The Munich EI CoE marks a strategic milestone in LTTS’ Engineering Intelligence (EI) approach – leveraging deep-tech and embedding AI across the engineering lifecycle to enable intelligent products, autonomous operations and next-generation manufacturing systems.

 

By combining deep domain engineering expertise with forward looking technologies including GenAI, Agentic AI, multimodal AI, Physical AI and edge intelligence, LTTS aims to help global enterprises move from AI experimentation to scalable, real-world industrial transformation. Reinforcing this leadership, LTTS is also leading the charter in AI patent filings, with over 237 patents filed in AI & GenAI alone in FY26.

 

Positioned at the heart of one of Europe’s most advanced industrial and technology ecosystems, the Munich EI CoE will serve as a collaborative innovation hub for clients across mobility, industrial products, sustainability and technology sectors. The center will focus on accelerating applied AI solutions, intelligent manufacturing, software-defined products, predictive operations and connected engineering ecosystems tailored to Europe’s evolving industrial priorities.

 

LTTS has steadily expanded its presence in Europe, where it now serves over 60 clients across the continent and has a team of more than 4,500 engineers supporting the region. The launch of the EI CoE will enable a steady pivot for its clients through faster outcome-driven innovation, while strengthening local collaboration and deepening engagement with clients, partners and academia.

 

The inauguration ceremony brought together industry leaders, clients, partners and members of the innovation ecosystem. The event was attended by dignitaries and guests from industry, government, academia, and the Indo-German business community.

 

On the inauguration, Amit Chadha, Chief Executive Officer & Managing Director, L&T Technology Services, said, “LTTS’ first EI Center of Excellence in our Munich design center is a milestone as it brings our deep-tech and EI-based solutions closer to the clients’ R&D hubs across the region. The center will act as a focal point for innovation, R&D and new product development, redefining how products, platforms and manufacturing are engineered and optimized in the AI era.”