STACS Updates — Growing through the COVID-19 Pandemic

Dear clients and business partners,

We hope that you and your families are safe and healthy, and that life and business continues despite the lock-down measures.

Regardless of the macro-economic downturn, we are still growing by onboarding new talent into our STACS family. In the month of April, we have increased our headcount by 30% as we welcomed new members to the STACS team. This allows us to continuously innovate and deliver our solutions and products to you.

Looking forward, we expect to continue hiring at least through June, as we continue to recognize a great demand for our solutions from our partners and clients. In addition, multiple new projects have been secured and more information will be released soon. With the increased focus on digitalization and technology transformation at many institutions, we identify greater opportunities for us to provide production-ready solutions and services to these financial institutions in order to enhance their capabilities.

Besides, we have taken into consideration feedback from many of the institutions and as a result, we have several exciting developments in the next few months including the launch of our “Settlity” infrastructure.

Settlity is our next-generation blockchain infrastructure that enables Financial Institutions to manage and trade financial assets simply. It allows institutions to enjoy benefits of the blockchain within days so that they no longer need to spend years and millions of dollars to develop a blockchain solution. Stay connected, further details will be given within the next few weeks.

Lastly, I want to emphasise about our resilience, on how we handle and continue to move forward from challenges. We are committed to supporting our clients, business partners, staff, and friends in every way that we can, and especially in times of crisis.

Thank you for your partnership and, most importantly, stay safe and be well!

Yours sincerely,
Jay Ng
Managing Director