Friday, 29 January 2021

Uniphore creates worldwide innovation ecosystem, drives global contact centre transformation

KUALA LUMPUR, Jan 29 -- Uniphore, an early leader in Conversational Service Automation, has teamed up with global leaders, including Idiap Research Institute and Indian Institute of Technology Madras (IITM), and joined the World Economic Forum’s (WEF) Global Innovators Community – an invitation-only group of the world's most promising start-ups and scale-ups at the forefront of technological and business model innovation.

The multiple agreements entail the development of next-generation capabilities in advanced AI, machine learning, automation, and voice and video technologies to drive the global transformation of contact centres and enterprises.

Uniphore and Idiap will work together on new opportunities in both development and longer-term activities focusing on cutting-edge speech recognition algorithms, spoken language understanding, and multimodal integration of real-world signals for improved detection of emotion and other semantic and pragmatic applications.

Likewise, Uniphore also believes preparing the next generation of professionals and investing in its current workforce is an important step in ensuring a future-ready, healthy, and dynamic ecosystem.

Uniphore and IITM, specifically the Telecom Center of Excellence are collaborating to upskill employees and better prepare students for future careers.

While Uniphore employees will gain access to a variety of short-term certification programmes and graduate-level courses, the institute’s students will be supported with real-world case studies and collaborative research projects.

As a member of the WEF’s Global Innovator Community, Uniphore will help define the global agenda on key issues with particular focus on shaping the future of technology governance – Artificial Intelligence and Machine Learning.

“It is in Uniphore’s cultural DNA to innovate and collaborate; and associating with these global organisations is a testament to our core values,” Uniphore Chief Executive Officer and Co-Founder, Umesh Sachdev said in a statement.

For details, visit www.uniphore.com.

-- BERNAMA

2021 Japan Prize laureates named

KUALA LUMPUR, Jan 29 -- The winners of the 2021 Japan Prize were recently announced by the Japan Prize Foundation and its president, Hiroshi Komiyama.

The newest laureates are Australian researcher Prof Martin Andrew Green and US researchers Prof Bert Vogelstein and Dr Robert A. Weinberg.

Prof Green is being honoured for his work in the field of ‘Resources, Energy, the Environment, and Social Infrastructure’ as he developed high-efficiency silicon photovoltaic devices.

Prof Vogelstein and Dr Weinberg are joint winners for their work in the field of ‘Medical Science and Medicinal Science'.

They are being honoured for their pioneering contributions to the development of a multi-step carcinogenesis model, and to the model's application and its impact on improving cancer treatment.

Approximately 14,000 prominent scientists and engineers from Japan and other countries were approached for nominations for this year's Japan Prize, according to a statement.

They nominated 142 individuals in the field of Resources, Energy, the Environment, and Social Infrastructure, and 243 individuals in the field of Medical Science and Medicinal Science.

This year's Japan Prize laureates were selected from among those 385 nominations.

More details at https://www.japanprize.jp/en/index.html.

-- BERNAMA

Nippon Express Bangladesh receives GDP certification for air cargo import/export services

KUALA LUMPUR, Jan 29 -- Nippon Express Bangladesh Ltd (NE Bangladesh), a local subsidiary of Tokyo-based Nippon Express Co Ltd, has obtained Good Distribution Practice (GDP) certification, effective recently, evidencing its compliance with standards for the proper distribution of pharmaceuticals applicable to air cargo import/export services.

Bangladesh has a population of approximately 170 million and annual gross domestic product growth rate of seven per cent to eight per cent. The country was expected to see 4.5 per cent growth in 2020 and 2021, despite the coronavirus pandemic.

Bangladesh's pharmaceutical market is forecast to grow from its present scale of US$3 billion to US$6 billion by 2025, with this increase to be especially conspicuous in the already booming production of generic pharmaceuticals. (US$1 = RM4.050)

Having acquired GDP certification, NE Bangladesh will be better able to respond to expanding imports of active pharmaceutical ingredients from Europe and Japan, and exports of pharmaceuticals to destinations in Europe, the Middle East, Africa and elsewhere.

According to a statement, the company will collaborate with other Nippon Express Group companies that have already obtained GDP certification to extend its services globally.

Nippon Express will continue stepping up its efforts on behalf of the pharmaceutical industry and enhancing its services to meet increasingly sophisticated and diversified pharmaceutical needs.

More details at http://www.nipponexpress.com/

-- BERNAMA

Wednesday, 27 January 2021

LeddarTech Announces Significant Growth in Customer Engagements, Partnerships, and Investment in 2020

QUEBEC CITY, Jan 27 (GLOBE NEWSWIRE) -- LeddarTech®, a global leader in Level 1-5 ADAS and AD sensing technology, announces notable and significant growth in 2020.

Despite the pandemic, LeddarTech, a pioneer in automotive sensing technology, boosted growth in investment, units sold, ecosystem partnerships, strategic customer engagements, and acquisitions in 2020. In November of 2020, LeddarTech was recognized by Tracxn in a category of only six Canadian corporations as a Unicorn, defined by Tracxn as one with a valuation exceeding the billion, and even the multi-billion-dollar mark in some cases, representing the elite of the Canada Tech start-up sector.

Major 2020 Achievements:

·       Reached over $350 million of investments from industry leaders.

·        . Contracted six Tier-1 and OEM customers to develop LiDAR measurement software, sensor fusion, and perception technology to enable ADAS and autonomous driving applications with a lifetime value over US$1.5 billion, supporting a growing opportunity funnel well over US$4.0 billion.

·        . Signed strategic partnership agreements with three global automotive Tier-1/2 customers for LiDAR platform development.

·       . Delivered over 9,000 low-cost solid-state LiDAR sensors to customers, a double-digit increase over 2019.

·       . Announced volume production of the award-winning Leddar™ Pixell with manufacturing partner Faurecia-Clarion Malaysia.

·       .. Announced the addition of four major global technology companies as collaborative partners for joint delivery of LiDAR solutions to the market within the Leddar™ Ecosystem, including STMicroelectronics, Flex, dSPACE, and Ningbo Sunny Optical. LeddarTech expects to report further additions to the Leddar Ecosystem H1 of 2021.

·       . Expanded collaboration with Renesas to accelerate autonomous driving and ADAS development. This platform combines LeddarTech’s industry-leading raw data sensor fusion stack and LiDAR technology with Renesas’ newly launched R-Car V3U, a best-in-class ASIL D system-on-chip (SoC) for ADAS and AD systems.

·       . Accelerated automotive sensing solutions through two acquisitions:

o   - Phantom Intelligence: This acquisition advanced LeddarTech’s strategy to aggregate and consolidate automotive sensing technologies, enabling the company to offer comprehensive solutions to our customers at lower cost.

o   - VayaVision: This acquisition added a vital building block by combining sensor fusion and perception technology with LeddarTech’s proven LeddarEngine™ platform. The LeddarEngine platform built on an open software architecture combined with LeddarVision™ enables LeddarTech to address customers’ need for sensing solutions that are hardware agnostic, scalable, and adaptable to any vehicle and sensor configuration.

The acquisitions of VayaVision and Phantom Intelligence, combined with over a decade of expertise in groundbreaking L1-5 ADAS and AD sensing technologies, demonstrate LeddarTech’s commitment to continuous innovation and service to our Tier 1-2, OEM, and autonomous mobility customers.

LeddarTech also expanded operations in Israel and augmented the existing engineering team with world-class AI and machine learning engineers.

“2020 was the most challenging year in recent history, but meeting challenges is in LeddarTech’s DNA,” stated Mr. Charles Boulanger, CEO of LeddarTech. “We are very proud of the advances we have made as an organization and the faith that our customers and strategic partners have placed in us,” concluded Mr. Boulanger.

“Our partners and customers recognize that they can rely upon LeddarTech’s ingrained expertise in sensing solutions that have been achieved through over 10 years of pioneering experience,” said Mr. Frantz Saintellemy, President and COO.

About LeddarTech

LeddarTech is a leader in environmental sensing platforms for autonomous vehicles and advanced driver assistance systems. Founded in 2007, LeddarTech has evolved to become a comprehensive end-to-end environmental sensing company by enabling customers to solve critical sensing and perception challenges across the entire value chain of the automotive and mobility market segments. With its LeddarVision™ sensor-fusion and perception platform and its cost-effective, scalable, and versatile LiDAR development solution for automotive-grade solid-state LiDARs based on the LeddarEngine™, LeddarTech enables Tier 1-2 automotive system integrators to develop full-stack sensing solutions for autonomy level 1 to 5. These solutions are actively deployed in autonomous shuttle, truck, bus, delivery vehicle, smart city/factory, and robotaxi applications. The company is responsible for several innovations in cutting-edge automotive and mobility remote-sensing applications, with over 95 patented technologies (granted or pending) enhancing ADAS and autonomous driving capabilities.

Additional information about LeddarTech is accessible at www.leddartech.com and on LinkedIn, Twitter, Facebook, and YouTube.

Contact:

Daniel Aitken, Vice-President, Global Marketing, Communications, and Product Management, LeddarTech Inc.

Tel.: + 1-418-653-9000 ext. 232

daniel.aitken@leddartech.com

Leddar, LeddarTech, LeddarEngine, LeddarVision, LeddarSP, LeddarCore, VAYADrive, VayaVision, and related logos are trademarks or registered trademarks of LeddarTech Inc. and its subsidiaries. All other brands, product names, and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

Source: LeddarTech inc.


Tuesday, 26 January 2021

Buddhist leader wants nuclear ban treaty, urges cooperation to combat pandemic

KUALA LUMPUR, Jan 26 -- The 39th annual peace proposal by Daisaku Ikeda, president of the Soka Gakkai International (SGI) Buddhist association, titled ‘Value Creation in a Time of Crisis’ has been released, marking the SGI founding anniversary.

He calls for further global cooperation to address key issues including the COVID-19 pandemic, climate crisis, and the need to rid the world of nuclear weapons.

“Our shared efforts to respond to the pandemic can serve as a foundation for generating global awareness of the essential role of human solidarity in transforming crises,” he said in a statement.

Regarding the pandemic, Ikeda welcomes the COVAX facility that aims to ensure the global procurement and availability of COVID-19 vaccines.

He proposes holding a high-level meeting at the UN to address COVID-19 and the convening of an online ‘beyond COVID-19’ youth summit to discuss the kind of world young people want to see in the aftermath of this crisis.

Consistent with his decades of action toward the abolition of nuclear weapons, Ikeda welcomes the UN Treaty on the Prohibition of Nuclear Weapons (TPNW), which entered into force on Jan 22, as a ‘pivotal event ushering in a new era’ that will spur a paradigm shift in approaches to security.

He proposes that a forum for discussing the relationship between nuclear weapons and the UN Sustainable Development Goals (SDGs) be held during the first meeting of States Parties to the TPNW.

At the Nuclear Non-Proliferation Treaty Review Conference scheduled for August 2021, Ikeda also urges discussion on the true meaning of security in the light of crises such as climate emergency and the pandemic.

He calls for the final document of the Review Conference to include a pledge of non-use of nuclear weapons and the freezing of all nuclear weapon development until 2025.

The Soka Gakkai is a global community-based Buddhist organisation promoting peace, culture and education based on respect for the dignity of life.

-- BERNAMA

Monday, 25 January 2021

Successful 2020: smartTrade eyes strong growth in 2021

KUALA LUMPUR, Jan 25 -- Multi-asset electronic trading solutions provider, smartTrade Technologies has reported on a successful 2020, propelled by strong investor confidence and the proven resilience of its sector-leading technology.

According to a statement, in the first half of 2020, Hg, Europe’s leading software investor, acquired a significant stake in smartTrade.

This investment has allowed smartTrade to continue innovating and strengthening its R&D activities despite the many challenges faced last year by the financial markets and wider community.

Notable developments last year were the enhancement of smartTrade’s open and API-enabled technology, as well as increased functionality in FX Options, Money Markets, AlgoBox and PostTrade for LiquidityFX, the firm’s FX trading platform.

Robust and resilient systems coupled with solid infrastructure also contributed heavily to smartTrade’s success in 2020 with the firm’s customers able to trade without interruption throughout the COVID-19 crisis.

Its trading engine allowed for rapid responses to changing market conditions and coped exceptionally well with periods of increased market volatility and the need for lower latency.

Last year, smartTrade continued to increase its customer base, with the onboarding of new customers in several countries including the USA, Switzerland, the United Kingdom, Canada and Japan.

A number of new customers of smartTrade’s end-to-end Fixed Income and FX trading platforms (smartFI and LiquidityFX), were successfully rolled out in spite of restrictions on global travel.

Building on market recognition previously achieved, in 2020, smartTrade received industry awards for Best Trading Solution for FX Markets, Best FX Aggregator and Best Buy-Side EMS.

More details at www.smart-trade.net.

-- BERNAMA

Sunday, 24 January 2021

Tinubu® Square unveils technological collaboration with Microsoft

KUALA LUMPUR, Jan 22 -- Tinubu Square, the market leader for enterprise software solutions to Credit and Surety Insurers, has announced cooperation with Microsoft, the leading provider in Business Intelligence solutions.

According to a statement, the collaboration advances Tinubu Square’s innovative digital solutions to a new competitive edge using Microsoft Power BI, the top Business Intelligence software on the market.

Tinubu Square co-founder and Deputy Chief Executive Officer, Olivier Placca said: “This cooperation is strategic for Tinubu Square to continue to offer carriers best-in-class technologies in the long run using the strength of Power BI across all business lines of our SaaS-based, end-to-end Enterprise Solution Platform.”

“To take full advantage of our Business Intelligence capabilities, customers can tailor their own reports using a specifically designed Tinubu® CIS data model, increasing efficiency and data relevance.”

Meanwhile, Microsoft Senior Director, Financial Services Business Lead - EMEA, Patrice Amann said: “This collaboration with Tinubu Square shows that Microsoft Business Intelligence solutions are also designed to perfectly adjust to and match the need for digitalisation in the Credit Insurance and Surety industry.”

“Our goal is to provide the necessary technology to contribute to the large success of Tinubu Square’s specialised solutions for carriers, and this cooperation materialises a joint intention between both companies to answer exact business needs and provide an always optimised customer experience.” 

More details at www.tinubu.com.

​-- BERNAMA

Saturday, 23 January 2021

CyberAgent Capital runs 'Monthly Pitch Asia' fundraising event online

KUALA LUMPUR, Jan 22 -- CyberAgent Capital Inc has announced that ‘Monthly Pitch Asia’, its biggest global monthly fundraising event for start-ups in Japan targeted to Southeast Asia, was held online.

Since time is crucial and limited, the company started ‘Monthly Pitch’ where early-stage entrepreneurs can quickly meet investors active in Asia, allowing them to spend minimal time on fundraising and concentrate on their business as much as possible.

January 2021 marks the 44th time CyberAgent Capital has been holding this monthly event since 2016, with 330 companies taking the stage, making it the largest fundraising event in Japan.

The latest event, which under normal circumstances is held offline, took place online on Jan 13, featuring pitches from six Southeast Asian start-ups and meetings between start-ups and investors worldwide. 

According to a statement, the previous ‘Monthly Pitch’ was an overseas edition held in Jakarta in 2019.

Among start-ups that took the stage were Kyna (Vietnam): a leading online education service in Vietnam; Edoctor (Vietnam): online health platform service in Vietnam;  and TheBank (Vietnam): a pricing comparison service for financial products in Vietnam.

Others were Getlinks (Thailand): online recruitment platform for IT personnel in Thailand; Viddsee (Indonesia, Singapore): the world's largest professional creator platform for short movies in Southeast Asia; and, Moladin (Indonesia): the biggest EC platform service specialising in motorbikes and cars.

CyberAgent Capital is an investment enterprise leading global innovation jointly with unicorn start-ups.  More details at https://www.cyberagentcapital.com/en/

-- BERNAMA

CyberAgent Capital runs 'Monthly Pitch Asia' fundraising event online

KUALA LUMPUR, Jan 22 -- CyberAgent Capital Inc has announced that ‘Monthly Pitch Asia’, its biggest global monthly fundraising event for start-ups in Japan targeted to Southeast Asia, was held online.

Since time is crucial and limited, the company started ‘Monthly Pitch’ where early-stage entrepreneurs can quickly meet investors active in Asia, allowing them to spend minimal time on fundraising and concentrate on their business as much as possible.

January 2021 marks the 44th time CyberAgent Capital has been holding this monthly event since 2016, with 330 companies taking the stage, making it the largest fundraising event in Japan.

The latest event, which under normal circumstances is held offline, took place online on Jan 13, featuring pitches from six Southeast Asian start-ups and meetings between start-ups and investors worldwide. 

According to a statement, the previous ‘Monthly Pitch’ was an overseas edition held in Jakarta in 2019.

Among start-ups that took the stage were Kyna (Vietnam): a leading online education service in Vietnam; Edoctor (Vietnam): online health platform service in Vietnam;  and TheBank (Vietnam): a pricing comparison service for financial products in Vietnam.

Others were Getlinks (Thailand): online recruitment platform for IT personnel in Thailand; Viddsee (Indonesia, Singapore): the world's largest professional creator platform for short movies in Southeast Asia; and, Moladin (Indonesia): the biggest EC platform service specialising in motorbikes and cars.

CyberAgent Capital is an investment enterprise leading global innovation jointly with unicorn start-ups.  More details at https://www.cyberagentcapital.com/en/

-- BERNAMA

Tuesday, 19 January 2021

MALAYSIAN AND SINGAPOREAN COMPANIES JOIN HANDS TO BOOST DIGITAL FINANCE'S DEVELOPMENT IN MCO 2.0

KUALA LUMPUR, Jan 19 (Bernama) -- Malaysia-based Asia Digital Bank Ltd. (Labuan Investment Bank) has entered into a strategic partnership with Singapore-based fintech company Lightnet Pte. Ltd. and British Virgin Island-based Velo Labs at the beginning of MCO 2.0 through the signing of a Memorandum of Understanding (MoU).

In December of 2020, the Asia Digital Bank (Labuan Investment Bank) officially received the digital banking license from the Labuan Financial Services Authority (Labuan FSA). The license is the first digital investment bank license issued by Labuan FSA. Asia Digital Bank (Labuan Investment bank) is a wholly-owned subsidiary of the offshore Chinese state-owned banking institution - Asia Pacific Investment Bank. Asia Pacific Investment Bank was established overseas by the Nanjing Zijin Investment Group and is one of China's leading state-owned enterprises. Asia Digital Bank is committed to promoting the transformation from traditional financial services to digital finance by developing a world leading digital asset trading platform for inclusive financial services, thereby realizing its mission to become an operator for digital assets worldwide.

MALAYSIAN AND SINGAPOREAN COMPANIES JOIN HANDS TO BOOST DIGITAL FINANCE'S DEVELOPMENT IN MCO 2.0

Unveiled: Top 10 global consumer trends in 2021

 


(Graphic: Euromonitor International)


KUALA LUMPUR, Jan 19 -- Global market research company, Euromonitor International has revealed trends that will define consumer behaviour and influence business strategies this year, in a new report, ‘Top 10 Global Consumer Trends 2021’.

The report is available in English, Spanish, Portuguese, Mandarin and Japanese.

According to a statement, the COVID-19 pandemic created, influenced or accelerated each trend.

One of the trends involve consumers expecting purpose-driven initiatives that support the triple bottom line — people, planet and profits (Build Back Better). Nearly 70 per cent of professionals expect consumers to be more concerned about sustainability than before COVID-19.

Another trend sees consumers desire the ease of on-the-go, impulse and spontaneous occasions and simplicities of pre-pandemic life (Craving Convenience), while another focuses on reconnecting with nature and turning to open-air venues for leisure and to safely socialise (Outdoor Oasis).

In addition, consumers demand contactless services, exceptional sanitation standards and products that enhance hygiene and immunity (Safety Obsessed), while another reassesses priorities and identities in pursuit of a more fulfilled life and improved mental resilience (Shaken and Stirred).

Another trend involves finding a new work-life balance, as remote collaboration redefines the traditional office environment (Workplaces in New Spaces), whereby more than half of global consumers previously had a strict boundary between work or school and personal life.

“2021 will be a pivotal year. Tailoring strategies to these emerging consumer trends will empower businesses to endure the unexpected and overcome adversities,” said Euromonitor International head of lifestyles, Alison Angus.

-- BERNAMA

Friday, 15 January 2021

Accuity delivers Bankers Almanac Enhanced Due Diligence to automate risk assessments

KUALA LUMPUR, Jan 13 -- Accuity has announced the availability of Bankers Almanac Enhanced Due Diligence, a new solution enabling banks to conduct efficient and effective KYC risk assessments of their financial counterparties within a single application.

The leading global provider of financial crime screening, payment services, and know your customer (KYC) solutions, Accuity has brought together two of its solutions, Bankers Almanac: Counterparty KYC and Firco Compliance Link.

This is to create an ‘out-of-the-box' SaaS platform that automates the enhanced due diligence reports and audit trails required to meet regulatory guidance, according to a statement.

Bankers Almanac Enhanced Due Diligence helps banks meet ever-increasing regulatory expectations, while improving operational efficiency and minimising the mounting cost of compliance.

It addresses these issues by providing detailed documentation of the risk identification process for greater transparency, including an electronic audit trail of all actions taken.

It also automates the financial counterparty KYC and financial crime screening processes within a single interface and brings down the total cost of ownership of the KYC process by streamlining systems and reducing manual tasks.

Bankers Almanac Enhanced Due Diligence automates the risk identification process. The solution connects the comprehensive Bankers Almanac data set of over 200,000 global financial institutions, including names, addresses, and ownership information, with Firco Compliance Link, which assesses sanctions and money laundering risk by screening entities against the full breadth of financial crime data.

-- BERNAMA


New Horizons Global Partners appoints Guillaume Vergnaud Asia-Pacific Managing Director

KUALA LUMPUR, Jan 15 -- New Horizons Global Partners, a Global Professional Employer Organization that eases global expansion in over 150 countries, has announced the appointment of Guillaume Vergnaud as its Asia-Pacific Managing Director.

Vergnaud brings a wealth of international management experience to this position, having dedicated the last decade to growing international businesses across North America, Europe, and the Asia-Pacific.

Most recently based in Shanghai, Vergnaud led the Asia-Pacific expansion of several global companies, according to a statement.

In his new role as Asia-Pacific Managing Director, Vergnaud will be based in their Singapore office and responsible for providing strategic guidance and direction to the company’s international executive team.

Vergnaud said: “This is an exhilarating time to be joining New Horizons at our Singapore base. I look forward to working with our team to support international clients setting up operations across the region.”

By steering the company's business operations, Vergnaud will support New Horizons Global Partners to achieve long-term strategic goals.

-- BERNAMA

Thursday, 14 January 2021

ComplyAdvantage unveils eagerly-awaited The State Of Financial Crime 2021 report

ComplyAdvantage Releases State Of Financial Crime Report For 2021 (Graphic: Business Wire)

KUALA LUMPUR, Jan 14 -- ComplyAdvantage, a global data technology company transforming financial crime detection has announced the availability of the firm’s much-anticipated report, The State Of Financial Crime 2021.

Designed as a strategic guide for global compliance teams, the report lays out the many emerging threats that governments and financial institutions will face this year, along with prescriptive recommendations for implementing best compliance practices for combating financial crimes.

The research on which The State Of Financial Crime 2021 report is based was administered in November and December last year, according to a statement.

Interviews were conducted with 600 C-suite and senior compliance decision makers across North America, Europe and Asia Pacific, while the respondents represented enterprise banking, investments, crypto, insurance organisations, and fintechs.

ComplyAdvantage has dedicated its resources and anti-money laundering (AML) expertise in order to help compliance executives mitigate regulatory risks related to the most extreme AML financial crimes.

The report delves into the most important financial crime trends that Compliance Officers are most concerned with, in the coming year.

These trends include increased fraud related to COVID-19 relief; risk vulnerabilities related to inconsistencies in global AML and counter financing of terrorism system; and, the growth in sophistication of computer and mobile-enabled cybercrimes via payment systems.

A sample of key insights from the report include SARs filing was on the rise with 74 per cent of respondents saying they filed more SARS in 2020 than the previous year; 93 per cent of respondents stated that real-time AML risk data would improve their compliance operations; and 62 per cent of respondents plan on upgrading their legacy systems in 2021.

ComplyAdvantage uses machine learning and natural language processing to help regulated organisations manage their risk obligations and prevent financial crime.

-- BERNAMA

Tuesday, 12 January 2021

Hong Leong Insurance (Asia) Limited Credit Ratings affirmed - AM Best

KUALA LUMPUR, Jan 11 -- AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of ‘a-’ of Hong Leong Insurance (Asia) Limited (HLIA) Hong Kong.

In a statement, the global credit rating agency, AM Best said the outlook of these Credit Ratings (ratings) is stable.

The ratings reflect HLIA’s balance sheet strength, which AM Best categorises as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.

HLIA’s balance sheet strength is underpinned by its risk-adjusted capitalisation at the strongest level, as measured by Best’s Capital Adequacy Ratio.

A major offsetting factor was the company’s moderate reinsurance dependency. However, the potential credit risk is mitigated by HLIA’s prudent reinsurance programme with high quality reinsurers.

HLIA has long track record of operating profitability, supported by consistently positive underwriting results that outperformed industry peers, and evidenced by an average five-year combined ratio lower than 80 per cent. 

The company maintains a small market presence in Hong Kong’s general insurance market with a strong focus on personal line insurance, such as travel insurance and domestic helper insurance.

The stable outlooks reflect AM Best’s expectation that HLIA will maintain positive underwriting results that outperform the industry average, supported by a low acquisition cost structure, and favourable claims experience, as well as a gradual recovery of premium revenue from its core product lines. 

More details at www.ambest.com.

-- BERNAMA

Polyplastics eyes PBT, PPS grades in sensors for autonomous driving applications

KUALA LUMPUR, Jan 12 -- The growing trend toward electric vehicles is spurring materials suppliers like Polyplastics Co Ltd to position its innovative resin products for use in Advanced Driver-Assistance System (ADAS) parts that enable autonomous driving.

A leading global supplier of engineering plastics, Polyplastics’ DURANEX(R) PBT and DURAFIDE(R) PPS materials -- targeted for sensors in radar and camera bracket systems -- show great promise in delivering low warpage, dimensional stability, and low dielectric constant.

According to a statement, Polyplastics reports that water absorption has little effect on DURAFIDE(R) PPS 1140A6, but some impact on DURANEX(R) PBT 330HR.

As a result, Polyplastics is working on the development of new PBT grades with enhanced low-dielectric properties and low water absorption.

For the radar bracket itself, electromagnetic wave-shielding properties are needed to protect against unnecessary reflected waves.

Polyplastics' electrically conductive grades, DURACON(R) POM CH-10 and EB-10, and DURANEX(R) PBT 7300E, are all being actively considered while new PBT grades with stronger electromagnetic wave-shielding properties are under development.

The company has also developed matte technology which uses laser treatment to reduce noise (scattered light), resulting in favourable gloss and blackness levels.

Polyplastics will continue to explore long-term durability and different process conditions to reduce treatment time.

-- BERNAMA

Monday, 11 January 2021

ADROSONIC-INSTANDA LAUNCH NEW PARTNERSHIP TO REV UP INSURANCE SECTOR'S DIGITAL TRANSFORMATION

MUMBAI, India, Jan 11 (Bernama-BUSINESS WIRE) -- In a significant development to accelerate the ongoing digital transformation in the insurance industry, digital consulting firm ADROSONIC has entered a partnership with INSTANDA, a UK-based SaaS Insurance software platform. Industry experts say that ADROSONIC's insurance domain expertise and INSTANDA’s no code platform will empower insurers with the agility to price risk in ways that meet the client’s needs in a changing post-Covid-19 world.

Delighted over the tie-up, Tim Hardcastle, the CEO & Founder of INSTANDA, said: "Partnerships play a key role in the insurance industry, not merely for the growth and expansion of the business involved, but also for the transformation of the industry. The new partnership with ADROSONIC is exciting as it provides capability to new markets in North America, India, Middle East as well as Europe."

ADROSONIC-INSTANDA LAUNCH NEW PARTNERSHIP TO REV UP INSURANCE SECTOR'S DIGITAL TRANSFORMATION

Friday, 8 January 2021

BUSINESSES MUST PREPARE FOR THE RESTLESS AND REBELLIOUS IN 2021

CHICAGO, Jan 7 (Bernama-BUSINESS WIRE) -- More than one-third of global consumers believe there will be more political unrest in their countries, and 29% were actively involved in social and political issues last year, according to global market research company Euromonitor International.

Consumers are fed up and acting out, supporting the Restless and Rebellious trend Euromonitor identified in the Top 10 Global Consumer Trends 2021 report, launching Jan. 19.

“Misinformation and injustices are causing a crisis of confidence,” says David Mackinson, research manager at Euromonitor International. “Consumers want the facts and expect brands to act.”

Companies and social media networks must work together to ensure accurate and relevant information is shared or run the risk of losing credibility.

Euromonitor’s annual report identifies the 10 most prevalent trends that will define consumer behavior in the year ahead, offering strategic business recommendations to meet new demands.

Register for Euromonitor’s “Top 10 Global Consumer Trends 2021” report to discover how consumption patterns, shopping habits and daily routines will take shape this year. The report will be available on Jan. 19 in English, Spanish, Portuguese, Mandarin and Japanese.


http://mrem.bernama.com/viewsm.php?idm=39059

Smart Communications enters binding agreement to acquire Assentis Technologies

 KUALA LUMPUR, Jan 8 -- Smart Communications™, the only provider of a customer conversations management platform, has entered into a binding agreement to acquire Assentis, a leading European software solutions provider specialising in customer communications management (CCM).

Via this proposed acquisition, Smart Communications can more effectively serve enterprises in the financial services industry and throughout Continental Europe.

According to a statement, it will also enable current Assentis customers to quickly take advantage of Smart Communications’ proven expertise in multi-tenant SaaS.

Smart Communications Chief Executive Officer, James Brown said: “Already among the key industries we support, we recognised an opportunity to strengthen our commitment to help these firms cater to an increasingly digital-focused customer base.”

Assentis’ CCM solution is currently used by over 100 enterprises to generate a wide variety of critical documents including client reports, fund fact sheets, product presentations, contracts and marketing collateral.

Smart Communications plans to continue to support all Assentis products while also focusing on making its market-leading SaaS platform available throughout the region.

This announcement follows a record-setting year for Smart Communications, which recorded its most successful year in company history.

This is the second acquisition for Smart Communications in the last two years. In July 2019, the company acquired Intelledox, which now delivers forms transformation capabilities as SmartIQ, a key offering of the Smart Communications platform.

-- BERNAMA

Thursday, 7 January 2021

Nippon Express Begins Full-scale Operations At China's New Logistics Base In Inland Wuhan

 TOKYO, Jan. 6, 2021 /Kyodo JBN-AsiaNet/ --

- Aims to Bolster Domestic Transport of Consumer Goods in China -

Nippon Express Logistics (China) Co., Ltd. (hereinafter "NE Logistics China"), a local subsidiary of Nippon Express Co., Ltd., has set up a new business location in Wuhan (Hubei Province, China) to provide domestic logistics for apparel, and full-scale operations were launched there in November.

Logo: https://kyodonewsprwire.jp/img/202012178818-O5-2j0o7OGQ

Exterior view of facility:
https://kyodonewsprwire.jp/prwfile/release/M103866/202012178818/_prw_PI2fl_uU2G90BX.jpg

Wuhan, Hubei Province:
https://kyodonewsprwire.jp/prwfile/release/M103866/202012178818/_prw_PI1fl_QlnX00K3.jpg

The purchasing power of inland China has risen as China's economy has developed, and the distribution volume of apparel and other consumer goods has increased substantially. Centrally located vis-a-vis China's other major cities, Wuhan has seen its geographical importance rise as a strategic base for inland traffic.

NE Logistics China has established a new location in Wuhan that began operations using highly trained staff dispatched from another business location in coastal Dongguan (Guangdong Province) handling the same type of apparel to maintain a high level of quality.

To further enhance services and better meet the needs of its customers, the company will be developing a domestic trucking network and a route distribution network for stores in China centered on this location in the Wuhan area to handle daily necessities, apparel and other consumer goods.

Interior views of facility:
https://kyodonewsprwire.jp/prwfile/release/M103866/202012178818/_prw_PI3fl_ibalQLEL.jpg

https://kyodonewsprwire.jp/prwfile/release/M103866/202012178818/_prw_PI4fl_3rT93u82.jpg

- Description of business
Storage of consumer goods, warehouse receiving/shipping, local area delivery

- Profile of new warehouse
Address: Zhengdian Subdistrict, Jiangxia District, Wuhan, Hubei Province
Structure: Steel-framed single-story building
Total floor space: 24,000m2 (as of November)
Principal equipment: 12 forklifts, 11 RFID readers, 24-hour surveillance, CCTV

- Nippon Express Logistics (China) Co., Ltd.
On November 1, 2020, Nippon Express (Shenzhen) Co., Ltd., was renamed Nippon Express Logistics (China) Co., Ltd., marking its new start as a company specializing in domestic logistics within China.

Source: Nippon Express Co., Ltd.

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GARP's Financial Risk Manager Exam scores IBF Singapore accreditation

KUALA LUMPUR, Jan 7 -- The Global Association of Risk Professionals (GARP) announced its Financial Risk Manager (FRM®) Certification has been accredited by the Institute of Banking and Finance (IBF Singapore).

Those who successfully complete the FRM Parts I and II and fulfill other requirements are eligible for IBF Certification, the standard of excellence for financial professionals in Singapore.

Beginning May this year, citizens or permanent residents of Singapore who pass an FRM Exam will be eligible for up to 90 per cent funding for a limited period under the IBF Standards Training Scheme.

According to a statement, maximum reimbursement per Exam is SGD 7,000 and IBF is extending this reimbursement to help candidates through the COVID-19 crisis. (SGD 1 = RM3.045)

“We are grateful to the IBF for recognising the value of the FRM and are excited to work with them to advance risk management in the growing global financial hub of Singapore,” said GARP president and chief executive officer, Richard Apostolik.

Meanwhile, IBF Chief Operating Officer and Head of Standards Rachie Hui said: “With this accreditation, practitioners who successfully complete the FRM will join IBF’s Community of certified finance professionals who have invested in their own skills development and embrace the ethics and responsibilities for the industry mark of excellence.”

Details about the IBF’s accreditation of the FRM can be found on IBF’s website, while registration information for the FRM can be found on garp.org.

GARP is a non-partisan, not-for-profit membership organisation focused on elevating the practice of risk management.

-- BERNAMA

PETRONAS' LEARNING SOLUTION WINS THREE BRANDON HALL EXCELLENCE IN TECHNOLOGY AWARDS

Gold and Silver Awards for ‘Managerial Excellence’ Programme 

KUALA LUMPUR, Jan 6 (Bernama) -- The ‘Managerial Excellence’ (ME) programme, a leadership development learning solution developed for PETRONAS middle management, has recently won Gold and Silver awards from the Brandon Hall Group in the Excellence in Technology category.

ME is curated by PETRONAS’ Human Capital Development (HCD) Division, in collaboration with PETRONAS Leadership Centre (PLC) and BTS, an international professional service firm that focuses on developing leaders to build critical capabilities and unleash business success.

The ME programme received the following awards:
1. Gold in Best Advance in Instructor-led Training (ILT) Management and Delivery;
2. Silver in Best Advance in Gaming or Simulation Technology; and
3. Silver in Best Advance in Social Learning Technology.

In response to the COVID-19 pandemic earlier this year, the ME programme was redesigned to be fully virtual by leveraging on technology, gamification and learning simulations to provide an engaging leadership learning experience for PETRONAS talents. This is part of PETRONAS’ commitment in providing the right leadership development opportunities to its staff regardless of challenging predicaments.

PETRONAS’ Vice President of Group Human Resource Management, Farehana Hanapiah said: "It is truly a great honour to receive the 2020 Brandon Hall Group Excellence Awards in Technology. The key to navigating these trying times is not only about addressing the current concerns but also building the capacity to prepare for better times.”

PETRONAS, she added, is a strong believer in the concept of “Learn Anytime, Anywhere” in delivering learning solutions to its employees by capitalising on the feasibility of the technology.
"As a progressive employer, PETRONAS believes in providing an enabling environment for talents to be able to pursue their own development and performance to create and add value to the organisation's growth and sustainability.”

Farehana elaborated that despite being faced with multiple challenges that have impacted the way of working and learning, the effective delivery of leadership development programmes has become more critical than ever. She said: “We are delighted that we had already embraced and embedded digital technology as part of our learning methodology, in which over time has become an effective learning solution, offering interactive learning experiences that are meaningful for our talents. This is in line with our aspiration to create an empowered, agile and enabled workforce.”

BTS’ Executive Vice President and Asia Managing Director, Patrick Fei said his company is honoured to be recognised alongside PETRONAS who is dedicated to equipping their talents with the skills and capabilities to lead into the future.

“BTS is glad to partner with PETRONAS in designing a truly virtual and digital learning experience to develop their next-generation of leaders. The recognition goes to show how embedding technology in a virtual environment can equally create measurable results and continue to bring about positive impact.”

This is the second year PETRONAS’ ME programme has been recognised by Brandon Hall Group -- a professional development company with over 27 years of experience in human capital management (HCM). Its HCM Excellence Awards was the first to recognise organisations for learning and talent. As the gold standard, it is known as the ‘Academy Awards of Human Capital Management’.

Issued by
Media Engagement Department
Group Strategic Communications
PETRONAS


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