Enterprise
Maya cited among 250 promising global fintech firms
The fastest-growing digital bank joins the 2022 CB Insights’ Fintech 250 list
Maya (formerly PayMaya) has just been cited as one of the top 250 promising global fintech firms, according to CB Insights.
The company was named alongside an elite international roster in CB Insight’s fifth-annual Fintech 250 ranking: digital banks Revolut and N26; PayPal-backed payment processor Stripe, merchant platform Pine Labs, and crypto platform Binance.
Maya, through its parent company Voyager Innovations, was recognized due to its strong record of execution, taking the crown as the only platform with an all-in-one money app, leading merchant payment processors, extensive MSME on-ground network, and being the fastest-growing digital bank in the Philippines.
“We are proud to be recognized alongside other trailblazers in the global fintech space. Being on this list validates our thrust of providing an integrated experience to our customers through our comprehensive digital financial ecosystem. It is also a testament to the world-class organization that we’ve built,” said Shailesh Baidwan, Maya Group President and Maya Bank Co-Founder.
One of the 250
Over 12,500 private companies that include applicants and nominees, CB Insights selected Maya as one of the 250 winners. The criteria for winning were chosen based on factors such as R&D activity, proprietary Mosaic scores, market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength, and tech novelty.
“This year’s Fintech 250 winners are shaping the future of financial services, from payments and banking to investing and insurance,” said Brian Lee, SVP of CB Insights’ Intelligence Unit.
“Representing more than 30 countries, these companies are creating safer and more efficient payment methods and transforming how traditional banking, insurance, and investing products are delivered.”
A successful rebrand
After its successful rebranding, the company has expanded beyond payments, introducing game-changing digital banking innovations across its unique ecosystem of 51 million consumers and network of 1.2 million MSMEs.
In just three months after its launch, Maya Bank became the fastest-growing digital bank in the Philippines, smashing records by recording over PHP5 billion in deposit balance and over 650,000 bank customers in just three months after its launch.
Furthermore, Maya Bank is the only digital bank to offer loan products within a quarter from its launch. It was able to scale fast because it leveraged the ready pool of rich transactional data from its payments business.
Moreover, Maya became the second tech unicorn in the Philippines in March 2022. The company was backed by global investors including KKR, Tencent, International Finance Corporation, IFC Emerging Asia Fund, IFC Financial Institutions Growth Fund, SIG Venture Capital, EDBI, First Pacific Company, and PLDT. END
Enterprise
AgiBot robots can now learn skills on the factory floor
Robotics company deploys real-world reinforcement learning system
Robotics company AgiBot has successfully deployed its Real-World Reinforcement Learning (RW-RL) system on a pilot production line with Longcheer Technology.
The company specializes in embodied intelligence, and the project marks the first application of RW-RL in real industrial robotics.
It connects advanced AI innovation with large-scale production, signaling a new phase in the evolution of intelligent automation for precision manufacturing.
Precision manufacturing lines have long relied on rigid automation systems that demand complex fixture design, extensive tuning, and costly reconfiguration.
Where AgiBot’s RW-RL system comes in is addressing such pain points. It enables robots to learn and adapt directly on the factory floor.
Within just minutes, robots can acquire new skills, achieve stable deployment, and maintain long-term performance without degradation.
The system also autonomously compensates for common variations, such as part position and tolerance shifts
Meanwhile, during line changes or model transitions, only minimal adjustments and standardized deployment steps are required. This dramatically improves flexibility while cutting time and cost.
Moreover, AgiBot’s system allows for flexible reconfiguration. Task or product changes can be accommodated through fast retraining; such solution exhibits generality across workplace layouts and production lines.
This milestone signifies a deep integration between perception-decision intelligence and motion control. And it represents a critical step forward unifying algorithmic intelligence and physical execution.
Unlike many laboratory demonstrations, AgiBot’s system also achieved validation under near-production conditions. It has completed a full loop from cutting-edge research to industrial-grade verification.
Moving forward, AgiBot and Longcheer plan to extend real-world reinforcement learning to a broader range of scenarios. These include consumer electronics and automotive components, with focus on developing modular and rapidly deployable robot solutions.
Once again, Warner Bros. Discovery is up for sale. Right now, the entertainment giant does not have a new owner yet. But, of course, there is a growing list of potential suitors. One of which has seemingly made its presence known. Netflix is reportedly considering a bid on its streaming rival.
In 2022, the then-named WarnerMedia, owned by AT&T, completed a blockbuster merger with Discovery. The new Warner Bros. Discovery brought the entire Warner library, HBO, Discovery, and Cartoon Network under a single umbrella. The resulting streaming service, dubbed HBO Max, now has enough content to rival Netflix and Disney+.
Recently, Warner Bros. Discovery put itself up for sale. Almost immediately, competitors have expressed interest in buying the library, including Amazon, Apple, and Netflix.
Over the weekend, Netflix has hired Moelis & Co, an investment bank, to evaluate a potential offer for the company, as reported by Reuters. Though it’s not an official bid yet, it’s a big show of interest from the other streaming giant.
According to Netflix CEO Ted Sarandos, the company will evaluate what value the entire library can offer Netflix. However, Sarandos isn’t interested in acquiring the legacy cable networks currently under the Warner umbrella, such as CNN and TNT.
SEE ALSO: Max is rebranding once again to HBO Max
Enterprise
US caught dumping ‘millions of tons’ of e-waste into Southeast Asia
This includes Indonesia, Malaysia, Thailand, and the Philippines.
Where do all old devices go after we’re done using them? If you’ve ever been in a place with a good recycling system, then you’ve probably seen bins for e-waste. Then again, you can go further down the chain and ask where these bins go. If you’re an American, a new report has an answer for you: Southeast Asia.
A Seattle-based organization called the Basel Action Network (or BAN, for short) conducted a two-year investigation on e-waste produced by the United States. The investigation revealed that at least ten American companies are shipping millions of tons of waste to several countries in Southeast Asia and the United Arab Emirates. These Asian countries include Indonesia, Malaysia, Thailand, and the Philippines.
According to ABC News, a few of the ten companies implicated have refuted that the imports are well within environmental standards and do not include harmful chemicals. Notably, these importers don’t handle the recycling themselves. Though their own processes might be legally allowed, the imports might still enable environmental hazards.
Regardless, the importing of e-waste is banned under an international treaty called the Basel Convention. The treaty covers hazardous waste shipped to other countries. The United States, however, have not ratified the treaty, so they’re not covered by the rules from a legal standpoint.
The shipping of waste has been a constant problem for Southeast Asia for a long time. However, e-waste carries more risk because of the harmful chemicals involved. The waste itself, for example, carries cadmium, lead, or mercury; all of which are harmful for humans. Further, the recycling process can involve harmful working conditions without appropriate protective gear. Some just burn the waste, leading to toxic fumes.
According to the report, Asia already produces almost half of the world’s e-waste. With America — a huge contributor of e-waste by itself — dumping e-waste all over Southeast Asia, the region is turning into a dumping ground for toxic garbage.
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