GSTechnologies establishes UK blockchain focussed business unit, GS Fintech

GSTechnologies Ltd (LON:GST), the integrated information and communication technology infrastructure solutions provider, has announced the establishment of a new wholly owned subsidiary in the UK, GS Fintech Ltd as the first stage in the Company’s planned establishment of a blockchain focussed business unit.

GS Fintech’s initial directors will be the Company’s Chairman, Tone Goh and recently appointed Executive Directors, Jack Bai and Shayne Tan.  GS Fintech has been established to help facilitate the Company’s planned expansion into blockchain related technologies and services, particularly in the financial sector.  It is intended that GS Fintech will apply to the Financial Conduct Authority (“FCA”) to be granted an Authorised Payment Institution (“API”) licence in due course.

Additionally, it is the Company’s intention to establish a similar blockchain focussed subsidiary in Singapore and further updates will be announced as appropriate.

Tone Goh, Chairman of GST, commented:  “The establishment of GS Fintech in the UK is intended as the first step in our planned expansion into areas utilising blockchain technology following the recent appointments of Jack Bai and Shayne Tan to the Company’s board.  Whist we are at the early stages of our strategic transformation I am encouraged by the contribution Jack and Shayne are already making and I look forward to providing regular updates as we progress.”

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Facebook
    Twitter
    LinkedIn

    More articles like this

    How to choose a secure Neobank

    In the past decade, a new demand came forward; the demand of having an innovative set of banking features comfortably sitting in your pocket. Fintech has become a volatile environment with disruptive innovations and solutions that

    GSTechnologies to sell its subsidiary, EMS Wiring Systems

    GSTechnologies Ltd (LON:GST), the fintech and information technology solutions company, has announced that on 17 July 2022, the Company entered into a binding agreement to sell its subsidiary, EMS Wiring Systems Pte. Ltd, to Teo Chiah

    Three of the most important data centre trends right now

    The number of products, services, technique and technologies associated with data centres is skyrocketing But when navigating this fast-moving landscape, it can be easy to get lost in the jargon – whether it’s obscure acronyms, vendor-specific

    How machine learning is transforming data center management

    Machine learning will significantly change the data center economy and pave the way for an improved future. As racks start to fill with ASICs, GPUs, FPGAs, and supercomputers, machine learning and artificial intelligence have entered the data center

    The evolution of data center management software

    In a growing connected economy, new demands require modern organizations to rethink how they effectively manage their data center environment. Beyond new requirements around the cloud, architectures around edge computing are also placing new strains on

    What is a data center?

    Data centers are where the world’s data is processed, organized and stored. Many data centers are located in buildings similar to warehouses. They are functional buildings that require little physical access – though some are more aesthetically

    Adopting a hybrid approach to security

    THE PROS AND CONS OF MANNED SECURITY GSTechnologies (LON:GST) overall development of the group includes large customer accounts and growing their blockchain payment and financial services business, with blue sky opportunities in new Disruptive Technologies with synergy

    Enhancing and improving data centre security

    The growth of cloud services and hyperscale computing means that more people than ever before are relying on the sheer power and capacity that data centers provide. And consumption of data is growing rapidly as a

    How Singapore became a data centre powerhouse

    Zach Marzouk Singapore is a relatively tiny country measuring just 726 square kilometres in total. Despite its small size, however, the city-state has become one of the major hubs for innovation and digital technology in the

    Data centers are the engine of sustainability

    There’s a common thread between the technological advances that we consider paradigm-shifting. Whether it’s the Model T, commercial flight, or the microwave oven, we can touch and feel each of these innovations. Just as impactful are

    A new era of data centres in Singapore

    Around the world, individuals and corporations are working to reduce their carbon footprints. In Southeast Asia, Singapore and other ASEAN countries are no exception as well. More initiatives are being made to enable greener and sustainable

    How Singapore plans to stay in data center race

    Despite an “implicit” moratorium on new data centers in place since 2019, Singapore was ranked this year as one of the top data center markets in the world, tying with Silicon Valley for second place, according

    Developing the sustainable data center of the future

    The global data center sector is estimated to account for around 416 terawatts, equivalent to roughly 3% of all energy needs. Southeast Asia draws a significant amount of that requirement, with energy demand increasing as new data

    Building the green data centre of the future

    Data centres have been a popular topic of discussion lately, especially with the growth of the digital economy and the renewed focus on digital transformation across practically every industry. Not only are data centres enabling innovation

    The new era of data centres

    The world over, sustainability has moved to the top of the agenda – not just in business, or data centres, but for everyone, everywhere. The collective experience of doing whatever we can, in whatever way we