Trulioo expands to Singapore, responding to APAC region customer demand

KUALA LUMPUR, Sept 27 (Bernama) -- Trulioo, a leading global identity verification company, has officially expanded to Singapore in response to rapidly growing customer demand in the Asia-Pacific (APAC) region. The move allows Trulioo to directly serve its extensive and expanding enterprise-level APAC customer base.

“As businesses in the Asia-Pacific region continue to shape the future of our digital world, Trulioo is pleased to work alongside them to establish trust online,” said Steve Munford, CEO of Trulioo in a statement.

“Ivan Yang, our APAC director, and his team are excited to work closely with our customers and partners in the region as they set the stage for innovation and technical advancement across industries.”

Singapore is an important global economic hub and topped Coincub’s 2021 ranking of countries prepared for cryptocurrency, which represents a significant share of the Trulioo customer base.

Cryptocurrency exchanges rely on Trulioo to provide strong Anti-Money Laundering, Know Your Customer and Proof of Address compliance solutions and enhanced customer onboarding across global markets.

Trulioo Singapore strengthens the company’s global presence, which includes corporate headquarters in Vancouver, British Columbia, and offices across North America and Europe.

Trulioo has deep roots in the APAC region, and the expansion further bolsters the company’s 24/7 support for its products and services, comprehensive data coverage with leading match rates and partnerships in emerging markets.

Trulioo will be at Token2049 from Sept. 27–29, 2022, in Singapore, and Trulioo Chief Compliance Officer, and global compliance industry veteran, Reno Mathews will participate in the panel discussion “Regulatory Advances in Crypto.”

-- BERNAMA

IIJ ADDS BROWSER ISOLATION FUNCTION TO ITS ZTNA SERVICE, "SAFOUS"

KUALA LUMPUR, Sept 28 (Bernama) -- Internet Initiative Japan Inc (IIJ), one of Japan's leading Internet-access and comprehensive network solutions providers, has announced the addition of a new remote browser isolation function, “Browser Isolation”, to its zero-trust network access (ZTNA) service, “Safous”, which is mainly available for users in the U.S. and Asia, starting Sept 28.

According to a statement, the Safous platform is a zero-trust remote access service that provides application-level control over corporate applications and external "software as a service" (SaaS) access from a remote environment.

This optional Browser Isolation function is Safous' proprietary, sandbox-based virtual browser that allows users to access applications and SaaS virtually, eliminating browser-based threats and providing more secure access.

"Kasm Technologies is honored to provide Kasm Workspaces remote browser isolation, our web-native secure remote access and DevOps-enabled container streaming technology, to Safous' Browser Isolation function. Browser Isolation is an industry-leading, cost-effective, and secure browser-based remote access solution," said Justin Travis, Co-founder and CEO of Kasm Technologies.

One of the benefits of utilising virtual browsers is that they defend corporate networks from risky websites. Browser Isolation provides a virtual browser that allows users to access business applications and external SaaS applications securely -- even if their PCs are vulnerable.

This function also prohibits users from downloading and executing malicious files that come from email, eliminating the threat of intrusion through the Internet. Website content is streamed to user browsers, allowing them to access any web application safely.

Founded in 1992, IIJ is one of Japan's leading Internet-access and comprehensive network solutions providers. IIJ and its group companies provide total network solutions that mainly cater to high-end corporate customers.

IIJ's services include high-quality Internet connectivity services, system integration, cloud computing services, security services and mobile services.

Moreover, IIJ has built one of the largest Internet backbone networks in Japan that is connected to the United States, the United Kingdom and Asia.

For more information, visit https://www.iij.ad.jp/en/

-- BERNAMA

Sensormatic Solutions predicts top busiest shopping days in Asia Pacific

KUALA LUMPUR, Sept 28 (Bernama) -- Sensormatic Solutions, the leading global retail solutions portfolio of Johnson Controls, has announced its predictions for the top busiest shopping days of the 2022 year-end shopping season around the world.

For many countries in the APAC region, Christmas Day (Dec 25) will be among the busiest shopping days.

According to a statement, the annual predictions for the global top busiest shopper traffic days are informed by retail traffic data analytics within the company’s intelligent operating platform, Sensormatic IQ.

“We expect a busy holiday season at home and abroad,” said president at Sensormatic Solutions, Kevin Viravec.

“Keeping up with demand, staffing appropriately, and having a complete view of operations will be crucial to delivering satisfying customer experiences as shopping peaks.

“Now is the time for retailers to reflect on the experiences they’ve been delivering online and in-store so they can take steps to enhance their operations before the rush begins.”

Predictions for Asia Pacific’s busiest shopping days include Australia: Monday, December 26 – Boxing Day; China: Sunday, January 1 – New Year's Day; Hong Kong: Saturday, December 24 – Christmas Eve; and, Singapore: Sunday, December 25 – Christmas Day.

Sensormatic Solutions and its intelligent operating platform for retail, Sensormatic IQ, can help retailers prepare for the upcoming holiday rush.

The platform offers unmatched visibility into retailers’ operations by unifying diverse data streams to help drive improved shopper experiences and retail outcomes.

-- BERNAMA

Phoenix Software provides faster JES3plus® with V1R2

KUALA LUMPUR, Sept 28 (Bernama) -- Phoenix Software International Inc has announced its intention to make JES3plus V1R2, a derivative work based on IBM’sz/OS® JES3, generally available effective Sept 30, 2022.

According to a statement, this release provides new functionality and integrates continuous delivery items made available over the past 12 months.

Thanks to Phoenix’s JES3plus Customer Advisory Council, organisations that migrate to JES3plus can reap the benefits of new features that were ranked in terms of providing true business value to their fellow customers.

“Switching to JES3plus is the obvious choice for existing IBM JES3 customers, and we have reinforced that point by improving performance with empirical results so dramatic they speak for themselves,” said Chief Technology Officer at Phoenix Software International, Ed Jaffe.

JES3plus V1R2 functional highlights include Reduced Local Lock Contention and Improved WLM Batch Initiator Balancing.

Meanwhile, (E)JES V6R2, the latest release of Phoenix Software’s modern z/OS JESplex management tool, includes enhancements for viewing and managing Coupling Facility connections and structures, WLM scheduling environments, job class/groups, sysplex members, and z/OS UNIX mounts.

Additionally, support has been added for a filter repository that provides end user ability to save filters and reload them.

More details at https://www.phoenixsoftware.com.

-- BERNAMA

Virtual card transaction volumes to surpass 121 billion globally by 2027 - Juniper Research

KUALA LUMPUR, Sept 28 (Bernama) -- The number of virtual card transactions exceeds 121 billion globally by 2027; increasing from 28 billion in 2022, according toa new study from Juniper Research.

This represents growth of 340 per cent, according to a statement.

It predicts rising integration of virtual cards to existing digital wallets services, such as Apple Pay and Google Pay, will drive this growth by exploiting existing substantial user bases of these digital wallets.

The research found the global number of virtual card transactions through mobile payment methods will grow from five billion in 2022 to 53 billion in 2027, as adoption of virtual cards in contactless payments accelerates.

It identified the inclusion of virtual cards as a key market driver of consumer adoption of contactless payments in rapidly developing economies, such as India. This allows them to meet market demand for convenient payment options during checkout amongst unbanked populations.

Virtual cards face tough competition from other payment methods, such as traditional contactless cards and QR codes. However, the report anticipates that thesecure nature of virtual cards will drive demand in an increasingly security-conscious market.

Additionally, the report forecasts that the US will account for US$71 billion in B2B virtual card revenue by 2027; representing 72 per cent of global revenue. (US$1 =RM4.614)

It predicts that the growing use of virtual cards in the healthcare sector will be key to driving this growth, with virtual cards increasingly used to pay for supplies and equipment due to the speed of transactions and inherent security of this payment method.

Juniper Research provides research and analytical services to the global hi-tech communications sector; providing consultancy, analyst reports, and industry commentary.

-- BERNAMA

Cloudflare announces funding programme helping startups grow businesses

KUALA LUMPUR, Sept 28 (Bernama) -- Cloudflare Inc, the security, performance, and reliability company helping to build a better Internet, has announced a new funding programme for startups in partnership with leading venture capital investors.

The Workers Launchpad Funding Program will provide up to US$1.25 billion of financing to startups building applications on Cloudflare Workers, a highly-scalable serverless computing platform that allows developers to build or augment apps without configuring or maintaining infrastructure. (US$1 = RM4.614)

Cloudflare is partnering with 26 leading venture capital firms including Altimeter Capital, Altos Ventures, Amplify Partners, Bain Capital Ventures, and Bessemer Venture Partners, to support developers using Cloudflare Workers to build their applications.

According to a statement, any private company globally that is building on Cloudflare Workers is eligible to apply for the programme.

If selected by the participating venture capital firms, companies may receive a cash investment from these participating firms, as well as mentorship and support from Cloudflare.

“Startups that build on Cloudflare Workers are building on a platform made to automatically support serious scale,” said co-founder and chief executive officer of Cloudflare, Matthew Prince.

“While we can provide the technology, we’re thrilled to partner with some of the leading venture capital firms on the Workers Launchpad Funding Program, who will potentially invest more than a billion dollars in funding towards great startups built on Cloudflare Workers as they scale.”

Startups applying for the programme will be eligible for potential investment from investors, the Cloudflare Startup Enterprise Plan, which includes Cloudflare Workers, Cloudflare for Teams, Cloudflare Stream, and additional core security and performance offerings, as well as exclusive events.

More details at www.cloudflare.com.

-- BERNAMA

Actylis debuts to offer highly flexible, customised solutions

KUALA LUMPUR, Sept 27 (Bernama) -- Actylis, a leading global manufacturer and sourcing expert of critical raw materials and performance ingredients for the life sciences and specialty chemicals markets, has made its debut.

Chief Executive Officer of Actylis, Gilles Cottier said: “Actylis unites multiple industry specialists with a wide range of capabilities into a new, global enterprise with a unique hybrid approach that is greater than the sum of its parts.

“This consolidation enables us to offer customers across diverse locations and industries highly flexible, customised solutions addressing their specific needs, while assuring reliable on-time delivery of the high-quality ingredients essential to their success.”

According to a statement, the new company combines Aceto and 10 industry specialists into an integrated global ingredient powerhouse.

Actylis (“Ac-till-iss”) is the culmination of an ambitious initiative launched several years ago to address the major unmet need for better and more dependable access to critical raw materials and performance ingredients essential for the manufacture of highly regulated products in key industries.

To achieve this goal, Actylis has integrated leading specialty ingredient manufacturing and sourcing companies, including A&C, A&C Bio Buffer, Aceto, Biotron Laboratories, Cascade Chemistry, Finar, Inter-Actifs, IsleChem, Pharma Waldhof, Syntor Fine Chemicals and Talus into one company.

Their breadth of capabilities enables Actylis’ unique hybrid manufacturing and sourcing model, which provides key benefits to its customers in high-growth end markets, including pharmaceuticals, agriculture, cosmetics, nutrition and specialty chemicals.

With over 75 years of manufacturing and sourcing experience and a portfolio of GMP and non-GMP manufacturing facilities across multiple regions, Actylis offers customers the flexibility to choose from a wide range of individualised solutions, all backed by the same world-class quality, supply chain reliability and regulatory expertise.

More details at www.actylis.com.

-- BERNAMA

HYTERA LAUNCHES NEW GENERATION COMPACT DMR REPEATER HR65X

^{Hytera Launches New Generation Compact DMR Repeater HR65X (Photo: Business Wire)}



Flexible to deploy and easy to network, Hytera HR65X Compact DMR Repeater allows businesses to set up reliable two-way radio coverage at a designated venue with the least space and most usability.


SHENZHEN, China, Sept 27 (Bernama-BUSINESS WIRE) -- Hytera Communications (SZSE: 002583), a leading global provider of professional communications technologies and solutions, has recently added another member to its Digital Mobile Radio (DMR) portfolio by releasing HR65X Compact DMR Repeater. As Hytera’s second repeater following the debut of Hytera’s new generation DMR, H Series, in 2021, HR65X is designed to offer an agile way to establish, expand or enhance the coverage of a two-way radio system.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220926005368/en/

 

Compact and lightweight, HR65X can be flexibly mounted to the wall or carried around in a backpack with tailored accessories. With the minimum requirement for on-site installation conditions, HR65X allows the communication connection anywhere it’s needed; the repeater is available in two versions: 25W high power version with an attached fan and 10W low power without a fan.

From the single-site DMR conventional system for low-rise buildings to IP multi-site system for high-rise buildings, HR65X delivers powerful and stable signals to every corner of the venue. It weighs only about 2kg and can be carried on the back easily. When it is airborne with a professional drone, HR65X becomes an emergency coverage solution. It can interconnect with other repeater models from Hytera and form a tailored network to meet different requirements.

Designed to operate with AC power or an optional battery, HR65X keeps working in the event of a power outage. When it connects to the AC power supply, the battery works as a backup. In case of an outage, the 12.5Ah battery is ready to support up to 9 hours of 10W operation and up to 4 hours of 25W operation. This power backup solution reduces the capital investment and maintenance manpower for adding UPS power equipment.

HR65X operates in analog mode, DMR mode, or dynamic mixed digital/analog mode, which can ensure that the existing analog radios continue to be connected to the new DMR network and thus protect customers’ previous investment to the greatest extent. Thanks to the Extended Network Management System (XNMS), users can remotely update the configuration of HR65X in minutes and monitor the operation status and alarms in real time which dramatically reduces the time and resources to maintain repeaters in different sites.

For more information about Hytera HR65X compact DMR repeater, please visit: https://www.hytera.com/en-products/digital-radio/dmr-system/hr65x/

About Hytera

Hytera Communications Corporation Limited (SZSE: 002583) is a leading global provider of professional communications technologies and solutions. With voice, video and data capabilities, we provide faster, safer, and more versatile connectivity for business and mission critical users. We make the world more efficient and safer by enabling our customers to achieve more in both daily operations and emergency response. Learn more at https://www.hytera.com/en/home.html.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20220926005368/en/

Contact

lele.yao@hytera.com

Source : Hytera Communications Corporation Limited

Amazon Announces 71 New Renewable Energy Projects Globally, Including Firsts in Brazil, India, and Poland

Amazon now has 202 renewable energy projects in North America, 117 in Europe, 57 in Asia and the Pacific, one in the Middle East, one in Africa, and its first project in South America

The total renewable energy projects enabled by Amazon will generate 50,000 gigawatt-hours (GWh) of clean energy—or enough to power 4.6 million U.S. homes each year

SEATTLE, Sept 23 (BUSINESS WIRE) -- Amazon (NASDAQ: AMZN) announced that it is expanding its renewable energy portfolio globally, with an additional 2.7 gigawatts (GW) of clean energy capacity across 71 new renewable energy projects. This includes the company’s first renewable energy project in South America—a solar farm in Brazil—and its first solar farms in India and Poland. Once fully operational, Amazon’s global renewable energy portfolio will generate 50,000 gigawatt hours (GWh) of clean energy, which is the equivalent amount of electricity needed to power 4.6 million U.S. homes each year.

“We are bringing new wind and solar projects online to power our offices, fulfillment centers, data centers, and stores, which collectively serve millions of customers globally, and we are on a path to reach 100% renewable energy across our entire business by 2025,” said Adam Selipsky, CEO of Amazon Web Services. “Around the world, countries are looking to accelerate the transition to a clean energy economy, and continued investments like ours can help accelerate their journey as we all work together to mitigate the impacts of climate change.”

As the largest corporate purchaser of renewable energy globally, Amazon now has a total of 379 renewable energy projects across 21 countries, including 154 wind and solar farms and 225 rooftop solar projects, representing 18.5 GW of renewable energy capacity. By the end of 2021, the company had reached 85% renewable energy across its business.

Amazon continues to successfully enable projects in power grids around the world, including:

• In the Asia-Pacific region, Amazon is announcing the company’s first three large-scale projects in India. All three are solar projects in Rajasthan, representing 420 megawatts (MW) of clean energy capacity. Amazon is scaling fast in India, and these first investments play a critical role in reducing our carbon emissions in the country. In the Asia-Pacific region, the company now has a total of 57 renewable energy projects.
• In Europe, Amazon now has 117 renewable energy projects. Amazon is announcing its first rooftop solar projects in France and Austria, and its first solar farm in Poland. Amazon’s investment in its first utility-scale project in Poland is one of the largest corporate solar deals announced to date in the country. With this commitment, Amazon is directly contributing to the Polish government’s goal of increasing renewable energy on its grid. Corporate support of new renewable energy projects like Amazon’s helps open up the market for additional wind and solar farms, and accelerates the decarbonization of the grid.
• In North America, Amazon is adding 1 GW of clean energy capacity across the Southeastern U.S., including the company’s first two renewable energy projects in Louisiana. The company now has a total of 202 projects across North America.
• In South America, Amazon is announcing its first renewable energy project, which is a 122 MW solar farm in Brazil. In addition to providing renewable power to Amazon’s operations in the region, this project will also provide economic benefits to the local economy and the region’s biodiversity. The project includes a $380,000 (R$2 million) investment in environmental programs during construction to protect and promote biodiversity. The project is estimated to create 850 jobs during the construction phase, with an additional 30 permanent jobs once the project becomes operational.

To help scale the benefits of investments in the renewable energy sector as it continues to grow, Amazon is also working through the Clean Energy Buyers Institute’s (CEBI) Beyond the Megawatt initiative to ensure the industry is maximizing the economic, environmental, and social impact of energy procurement.

“As a key leader in the CEBA community, Amazon continues to demonstrate that when it commits to a vision, it drives a pace and scale that’s a new bar to follow,” said Miranda Ballentine, CEO of Clean Energy Buyers Association (CEBA) and Clean Energy Buyers Institute (CEBI). “Amazon also continues to be a leader in not only deploying today’s clean energy procurement tools at scale, but also in leading its community of peers and partners in developing tomorrow’s clean energy solutions—whether that’s focusing on ensuring renewables have sustainable supply chains or expanding the impact of clean energy through next generation procurement tools.”

“With its landmark solar projects announced in Poland and France, Amazon has taken crucial steps towards its net-zero pledge, while supporting Europe’s own climate goals,” said Walburga Hemetsberger, CEO of SolarPower Europe, founding partner of the RE-Source Platform. “As Europe faces skyrocketing energy prices, solar and renewable energy deals will strengthen Amazon’s strategic resilience—we hope to see more companies follow Amazon’s lead.”

Amazon co-founded The Climate Pledge in 2019, committing to reach net-zero carbon by 2040—10 years ahead of the Paris Agreement. The Pledge now has more than 375 signatories, including Best Buy, IBM, Microsoft, PepsiCo, Siemens, Unilever, Verizon, and Visa. Amazon has also ordered 100,000 electric delivery vehicles, the largest order ever of electric delivery vehicles, and has started to roll them out across the U.S. The company is also investing $2 billion in the development of decarbonizing services and solutions through The Climate Pledge Fund. For more information, visit https://sustainability.aboutamazon.com/.

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.

About Amazon Web Services

For over 15 years, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud offering. AWS has been continually expanding its services to support virtually any cloud workload, and it now has more than 200 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, virtual and augmented reality (VR and AR), media, and application development, deployment, and management from 87 Availability Zones within 27 geographic regions, with announced plans for 21 more Availability Zones and seven more AWS Regions in Australia, Canada, India, Israel, New Zealand, Spain, and Switzerland. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit aws.amazon.com.

Contact

Amazon.com, Inc.
Media Hotline
Amazon-pr@amazon.com
www.amazon.com/pr

Source : Amazon.com, Inc.

 

NEW FORM OF MONEY NEEDED SAYS MONETARY AUTHORITY OF SINGAPORE AT GFF 2022

KUALA LUMPUR, Sept 23 (Bernama) -- In the new architecture of Web 3.0, asset transfers are not only done traditionally, therefore we need a new form of money that transacts on a distributed ledger, according to Chief Fintech Officer, Monetary Authority of Singapore, Sopnendu Mohanty.

“Therefore today, the central bank needs to come up with a new form of money - a legal tender that excludes private currencies, as it doesn't act like a payment instrument,” said Mohanty speaking at Global Fintech Fest (GFF) 2022, at a fireside chat with Smita Aggarwal, Global Investments Advisor of Flourish Ventures.

GFF 2022 was organised and presented by the Department of Economic Affairs, Ministry of Finance, Government of India, Reserve Bank of India, International Financial Services Centres Authority (IFSCA), National Payments Council of India, the Payments Council of India (PCI) and the Fintech Convergence Council (FCC).

According to a statement, it was held between Sept 20 and 22, 2022 at the Jio World Convention Centre in Mumbai. Pre-event festivities began virtually on Sept 19, 2022.

“Under the new architecture, tokenisation will enable both asset ownership and transfer of value to happen in real-time,” said Mohanty.

“The new form of money will lead to massive disintermediation whereby the connectivity between the central banks of different nations will not just bring down the cost of cross-border transfers but will also enable one to seamlessly use his local UPI anywhere in the world.

“We have successfully connected the UPI equivalent network of Singapore known as PayNow, with Thailand’s PromPay, to facilitate seamless cross-border transfers.

“We are now planning to connect to India by end of this year, and also in Malaysia, which will bring about a significant drop in the cost of cross-border transfers,” he added.

According to Mohanty, ‘wholesale CBDC’ will not just make cross-border transfers more efficient and cost-effective but will also address challenges pertaining to regulations, processes and compliances.

Special Partners of GFF 2022 are World Bank Group, United Nations Capital Development Fund, BIS Innovation Hub, KNOMAD, Better Than Cash Alliance and International Finance Corporation (IFC).

-- BERNAMA

GREG WATSON TAKES THE HELM AS CEO OF NAPIER

 

Greg Wilson takes the helm as Napier CEO (Photo: Business Wire)

Former CEO Julian Dixon moves to full-time role as Founder and Board Member

LONDON, Sept 21 (Bernama-BUSINESS WIRE) -- Napier, a global end-to-end intelligent compliance platform and provider of advanced financial crime risk management solutions, has announced that its current Chief Operations Officer Greg Watson, is to take the helm as Chief Executive Officer with immediate effect, as former CEO Julian Dixon moves into a full-time role as Founder and Board Member.
 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220919005120/en/

Greg’s tenure at Napier as well his wealth of experience in operational management and business strategy, gained at the likes of Fenergo, HSBC and UBS, makes him the ideal choice to lead Napier into its next phase of growth, building on the past several successful years of rapid expansion for the flourishing company.

“Greg’s an outstanding candidate for the position. His experience and understanding of our products and clients is exemplary, as is his commitment to making Napier the pre-eminent provider of AI-enhanced financial crime risk management software. I’m looking forward to seeing him take the company from strength to strength,” said Julian Dixon.

Since joining the award-winning company in 2020, Greg has worked closely with Julian and the executive team at Napier to put in place a robust operating model to support Napier’s rapid growth.

Greg Watson said: “I am proud to be taking the mantle from Julian. Since founding Napier in 2015, Julian has built a world-class tech company from the ground up, steering it through a period of exceptional and rapid growth into the leading financial crime risk management business that it is. Filling Julian’s boots will be no easy task, but this change is very much about evolution, rather than revolution. My job now is to take Napier to even greater heights, as we continue to innovate and to deliver increasingly higher levels of customer satisfaction.”

Following a period of aggressive expansion, Napier has presence in key financial hubs across the globe including North America, UK, Europe and APAC. As provider of choice to over 200 enterprise clients including banks, payment providers, asset managers, FX, gaming, crypto exchanges and other financial institutions, Napier doubled its annual revenues in 2021 by providing its award-winning AI-enhanced platform for intelligent AML and financial crime compliance.

Napier’s Board of Directors also includes Andy Maguire, Chair of Global Banking and Managing Director and Senior Partner in the London office of The Boston Consulting Group. Other Board Directors include senior partners from Big Ideas Group, Rosa Howard and its founder Sebastian Gray, while Wall Street veteran John Neary and ex-PwC partner John Barnsley sit in global advisory roles.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220919005120/en/ 

Contact

John Sullivan
napier@contextpr.co.uk
+44(0)300-124-6100

Source : Napier

--BERNAMA

Digital commerce transaction value reaches US$20 trillion by 2027 -Juniper Research

KUALA LUMPUR, Sept 21 (Bernama) -- The total value of digital commerce transactions globally will exceed US$20 trillion by 2027, from US$12.3 trillion in 2022, according to a new study from Juniper Research. (US$1 = RM4.564)

It predicts growth will be driven by increasing acceptance of digital payment methods and technologies that enable digital payments during the checkout procedure, such as Near-field Communication (NFC) payments.

According to a statement, the research anticipates mobile NFC payments will experience the strongest growth in the digital commerce market, with 176 per cent growth in transaction value forecast between 2022 and 2027 globally.

It predicts increasing consumer desire for frictionless payment methods will drive NFC transactions by eliminating the need for consumers to carry a payment card in addition to their mobile device.

The report urges NFC payment vendors to implement solutions that eliminate any unnecessary steps in the payment process.

It also recommends supporting devices that enable biometric identification for payment authentication to reduce the risk of payment fraud in the payment process.

Additionally, the research predicts online shopping will drive digital commerce growth, with the value of eCommerce transactions expected to grow by 82 per cent globally between 2022 and 2027.

Remote purchases of physical goods will experience the strongest growth: 106 per cent in the value of transactions globally during the five-year period.

Juniper Research provides research and analytical services to the global hi-tech communications sector; providing consultancy, analyst reports, and industry commentary.

-- BERNAMA

DONGFENG MOTOR CORPORATION SHOWS MULTIPLE STAR PRODUCTS AT CAEXPO

WUHAN, China, Sept 21 (Bernama-BUSINESS WIRE) -- ASEAN Expo (CAEXPO) was opened in Nanning, Guangxi. As a representative enterprise in the Chinese automobile industry, Dongfeng Motor Corporation presented such products as its commercial vehicles, passenger cars, farm machineries, parts, etc. to the expo. The company exhibited 9 finished automobiles, 4 sets of critical assemblies, 2 farm machineries and over 70 parts to comprehensively showcase the technical achievements of its technological innovation by orienting to the market in the Association of Southeast Asian Nations.

Dongfeng Motor held the VOYAH new product introduction meeting on the first day of CAEXPO. VOYAH is a high-end intelligent luxury electric powered MPV. Equipped with Dongfeng’s autonomously developed dual-power electric driving ESSA architecture, VOYAH supports such two power systems as the pure-electric power system and intelligent multi-module driving power system. It is the only electric MPV equipped with a dual-power system layout in the industry.

HAOJI is a brand new high-end hybrid SUV. Bearing the Mach power assembly autonomously developed by Dongfeng, with an acceleration response time of only 0.15s and a fuel thermal efficiency of up to 41.07%, HAOJI is able to extend with multiple platforms such as hybrid power system, hydrogen energy power system, etc. It can meet power needs of such models as HEV, PHEV, REV, etc., so it is called “the fighter’s engine”.

Dongfeng Aeolus GS MAX has the widest car body among the vehicles of the same class. Bearing the “Chinese heart” Top 10 engine 1.5T Mach power system and 7DCT300 gearbox golden power assembly, it has adequate power and low oil consumption and is highly safe, comfortable and smart, thereby embodying the latest technical achievements for “electrification, intelligence orientation, networking, sharing and light weight orientation” of Dongfeng Motor. 

http://mrem.bernama.com/viewsm.php?idm=44219

IMMUNOSCAPE FINANCING FACILITATES DISCOVERY OF CANCER-SPECIFIC T-CELL RECEPTORS

KUALA LUMPUR, Sept 21 (Bernama) -- ImmunoScape, a pre-clinical biotechnology company focused on the discovery and development of next-generation TCR-T-cell therapeutics, announced it has raised US$14 million in new financing. (US$1 = RM4.564)

Existing investor Anzu Partners led the round with participation from new investor Amgen Ventures and Singapore-based global investor EDBI.

“We have made significant strides in our discovery programme and have identified several compelling clinical TCR candidates using our Deep Immunomics platform,” said ImmunoScape Chief Executive Officer, Choon Peng Ng in a statement.

“The new funding will allow us to expedite our development efforts and help us to advance our therapeutic candidates toward the clinic.”

ImmunoScape’s differentiated Deep Immunomics platform utilises the company’s proprietary combinatorial barcoding technology to enable the discovery and indepth characterisation of rare cancer-specific T-cells at high resolution.

ImmunoScape’s platform is able to simultaneously evaluate tens of millions of T-cells in blood samples from hundreds of cancer patients to identify rare clinically relevant T-cell clones. 

The corresponding TCRs are then evaluated and prioritised to build a diverse portfolio of TCR-T-cell therapies.

By leveraging computational biology and machine learning, together with high throughput screening and evaluation of T-cell clones, ImmunoScape is able to efficiently identify novel T-cell therapy targets and TCR candidates. 

ImmunoScape has extensively validated its computational platform using virus-specific T-cells and is applying the same methods to build an extensive portfolio of cancer-specific TCRs.

More details at https://immunoscape.com/.

-- BERNAMA

Mary Kay calls youth participation in third annual World Series of Innovation challenge

 

Network for Teaching Entrepreneurship an international nonprofit organization providing entrepreneurship training and educational programs to middle and high school students, college students, and adults (Graphic: Network for Teaching Entrepreneurship)

KUALA LUMPUR, Sept 19 (Bernama) -- Mary Kay Inc, a leading corporate advocate of women’s empowerment and entrepreneurship, has announced its third annual World Series of Innovation (WSI) challenge in partnership with Network for Teaching Entrepreneurship (NFTE). 

The global competition invites young people ages 13-24 to put their critical thinking skills to the test and get involved in solving some of the biggest challenges humanity faces today to advance the UN Sustainable Development Goals (SDGs).

According to a statement, Mary Kay’s WSI challenge kicks off Sept 15 in conjunction with World Clean Up Day.

The Mary Kay challenge encourages young entrepreneurs to submit innovative solutions to address UN SDG 14: Life Below Water. Specifically, students are challenged to design a solution to further the conservation and/or protection of the world’s marine ecosystems and coastal communities.

“All life on Earth began in and depends on our oceans. Water is the most valuable resource on our planet, and it’s essential that we not only respect it, but do our part to protect it,” said Chief Operating Officer for Mary Kay Inc, Deborah Gibbins.

“We are excited to see how the world’s youth can help to advance ecosystems and biodiversity conservation globally.”

Meanwhile, President and Chief Executive Officer of NFTE, Dr J.D. LaRock said: “Mary Kay Global Oceans Conservations Challenge dares our young WSI competitors to think big about water quality.

“They can ideate ways to look after marine life, safeguard oceans, secure affordable access to clean drinking water, protect water resources from pollution, address overconsumption, or otherwise help preserve our ecosystem for generations to come.”

NFTE is a global educational non-profit focused on bringing the power of entrepreneurship to low-income communities. Since its founding more than 35 years ago, NFTE has trained thousands of teachers and educated well over a million young people worldwide.

-- BERNAMA

CSOP announces listing of CSOP FTSE Vietnam 30 ETF (3004.HK) on HKEX

CSOP FTSE Vietnam 30 ETF (3004.HK) (Graphic: Business Wire)

KUALA LUMPUR, Sept 20 (Bernama) -- CSOP Asset Management Limited (CSOP) has announced the listing of CSOP FTSE Vietnam 30 ETF (3004.HK) on the Hong Kong Stock Exchange (HKEX).

“Leveraging on our time-tested ETF management expertise, CSOP is confident to introduce this Vietnam-themed ETF product, focusing on access to the frontier market, to Hong Kong investors,” said Chief Executive Officer of CSOP, Ding Chen in a statement.

“We look forward to bringing more new concept ETFs to Asia, the fast-growing ETF market, with various cost-effective options for investors to diversify their portfolios.”

3004.HK will adopt a combination of physical and synthetic representative sampling strategy, investing up to 100 per cent of its net asset value in a representative portfolio of securities that collectively has a high correlation with FTSE Vietnam 30 Index, to achieve its investment objective.

With listing price at around HKD 7.8 per unit, trading lot of 100 shares and annual management fee of 0.99 per cent, 3004.HK begins trading on Sept 20, 2022. Upon inception, 3004.HK has received around US$6.5 million initial investment. (US$1 = RM4.547)

The FTSE Vietnam 30 Index comprises the largest 30 Vietnam companies by full market capitalisation that are traded on Ho Chi Minh Stock Exchange.

It comprehensively covers sectors including real estate, consumer stables, industrials and financials, which can capture the essence of Vietnam economy while reducing volatility.

The index is free-float adjusted and liquidity screened, with the maximum weight of constituents of the Index capped at 10 per cent. FTSE Vietnam 30 Index achieved a positive return of 19 per cent in 2020, doubled to 38 per cent in 2021.

-- BERNAMA

TDCX kicks-off 3-day inaugural Transformative CX Talks event

KUALA LUMPUR, Sept 20 (Bernama) -- TDCX, an award-winning digital customer experience solutions provider for innovative technology and other blue-chip companies, has kicked-off its inaugural Transformative CX Talks event.

The three-day event brings together customer experience (CX) leaders from various industries to share insights on how global trends are impacting CX and the ways in which they are refining their strategies to drive customer satisfaction.

Fuelled by the acceleration of digital trends, there is greater expectation among end-users for a digital-first and digital-fast experience.

According to a statement, research found that in 2021, customer experience professionals had entered challenging terrain, with almost 90 per cent of leaders reporting that customer expectations have increased to an all-time high.

Noting that TDCX was at an exciting point in the customer experience industry, Ricart Valvekens, Chief Client Solutions Officer, TDCX, said: “With more activities being done online, CX becomes the main, and sometimes the sole, channel for end-users to connect with and to experience a brand.

“Thus, the benefits to getting that customer interaction right are multifold.”

The Transformative CX Talks sessions will feature CX leaders from a wide range of industries, including technology, home-sharing and travel, digital advertising and social media.

Singapore-headquartered TDCX employs more than 17,000 employees across 26 campuses globally, specifically Singapore, Malaysia, Thailand, the Philippines, Mainland China, Hong Kong, South Korea, Japan, India, Romania, Spain and Colombia.

For more information, visit www.tdcx.com.

-- BERNAMA

Lightning Network startup Neutronpay raised US$2.25 million in Seed funding June 1

KUALA LUMPUR, Sept 15 (Bernama) -- Neutronpay, a Vancouver, Canada and Ho Chi Minh City, Vietnam based startup that enables consumers and businesses to send and receive payments on Bitcoin’s Lightning Network raised USD$2.25M in Seed funding on June 1. (US$1 = RM4.527)

The Lightning Network is a “layer 2” payment protocol which sits atop Bitcoin and facilitates instantly settled payments measured in milliseconds, is capable of millions of transactions per second and allows for exceptionally low fees, which all combined makes it the ideal payment network of any type, period.

Lightning has the potential to replace all debit, credit and wire transactions globally. Because of its interoperability anyone with a Lightning enabled app could spend or send funds in local currency at any merchant or person worldwide. Online, in-store, cross-border, micro, real-time, Lightning can do it!

The round was led by Hivemind Ventures with additional funding coming from venture firms Republic, Cavalry, Ride Wave, Studio, Iterative, Fulgur Ventures and individual investors Bill Crowley (former Chief Product Officer - Hyperwallet) and Lisa Shields (Founder & former CEO - Hyperwallet *Acquired by PayPal).

The funding has helped with additional headcount across various departments, with a focus on further development of enterprise APIs, soon to be rolled out mobile consumer app, sales & marketing and compliance.

Founded in 2018 by CEO Albert Buu, Neutronpay is the first Lightning company with an initial focus on Vietnam's 100m person population, with additional countries to follow throughout South East Asia.

“Making the move to Vietnam three years ago was my commitment to following through on this vision. Laying the infrastructure for Lightning across South East Asia would make it very easy for locals to better transact with each other and for the rest of the world to transact in the region whether while on vacation or for doing business,” Buu was quoted as saying in a statement.

For more information, visit www.neutronpay.com.

-- BERNAMA

LIFE SCIENCES LEADERS SHARE THEIR EXPERIENCES OF SCALING TRANSFORMATION AT INDEGENE DIGITAL SUMMIT | SEPTEMBER 22-23, 2022 | VIRTUAL-ONLY

PRINCETON, N.J. and BENGALURU, India, Sept 14 (Bernama-GLOBE NEWSWIRE) -- Indegene, a leading global technology-led healthcare solutions provider, announced the fourth edition of Indegene Digital Summit, the annual flagship event for global life sciences leaders, on September 22-23, 2022. The virtual event brings a stellar lineup of speakers sharing insights and experiences on the theme: ‘Scaling transformation. Now’.

Check out the summit's agenda and speakers here

The summit will unearth practical ideas life sciences leaders can implement and operate better in today’s complex environment. As the industry accelerates digital transformation efforts, there is an immediate need to go beyond bold visions and pilot projects and leapfrog to real-world implementations at scale.

http://mrem.bernama.com/viewsm.php?idm=44159

UserTesting survey: Singaporean workforce states workload major burnout factor

KUALA LUMPUR, Sept 15 (Bernama) -- Over 50 per cent of the Singaporean workforce stated workload as the major factor of their burnout whereas 20 per cent stated unrealistic expectations to be the top cause of their stress, according to a survey conducted by UserTesting to study the effects of employee burnout.

According to a statement, mental, physical, and emotional exhaustion leads to employee burnout. A recent Mercer report from earlier this year, aligns with the UserTesting findings, albeit their rate of burnout in Singapore was higher, with “one in two Singaporeans intending to leave their jobs in the next six to 12 months.”

In such cases, exploring new opportunities is a relief for some professionals. When UserTesting enquired whether Singaporeans are looking for a job change, about 25 per cent of Singaporeans showed an inclination toward job change.

Every employee is exposed to the risk of workplace burnout. Therefore, employers should not only promote employee well-being but also implement burnout prevention strategies for higher efficiency and productivity.

In the survey, 50 per cent of respondents stated that their employers ensured flexible work hours, and 25 per cent indicated provisions for wellness programmes to minimise burnout.

Asked about possible methods that organisations should take to prevent burnout, 80 per cent of Singaporean employees indicated that their employers should ensure required downtime after work hours.

Remote working gained popularity during the pandemic as employees became comfortable with the new rhythm and began to see increased productivity. As businesses started to reopen, a new work model has evolved–hybrid work.

Owing to the flexibility that this work model provides, 85 per cent of respondents surveyed stated that they could balance their personal and professional life better. Interestingly, 80 per cent of Singaporeans said that hybrid work has led to increased work satisfaction.

The sample set of this survey included professionals from across industries with 40 per cent from tech backgrounds, followed by 10 per cent working in sales/marketing and startups, respectively.

More details at www.usertesting.com.

-- BERNAMA

Jumio platform secures SOC2 Type 2 certification

KUALA LUMPUR, Sept 14 (Bernama) -- Jumio announced that it has successfully achieved SOC2 Type 2 certification for its Jumio KYX platform, with zero exceptions listed in the examination conducted by Moss Adams.

According to a statement, SOC2 is an American Institute of CPAs (AICPA) standard on how organisations should manage customer data, and specifies requirements for security, confidentiality, processing integrity and availability of systems.

“Successfully achieving this certification with zero exceptions demonstrates Jumio’s long-standing commitment to maintaining the highest levels of security,” said Jumio chief information security officer, Miles Hutchinson.

“SOC2 Type 2 assurance, in addition to our existing certifications, provides our customers the peace of mind that their data and their end users’ sensitive information are protected.”

Jumio is proud to have previously achieved ISO/IEC 27001:2013 and PCI DSS certifications, and has also maintained SOC2 Type 2 certification for Jumio Transaction Monitoring since 2020.

This year Jumio chose to go through the SOC2 Type 2 certification process for the Jumio platform as a whole.

Jumio, the leading provider of orchestrated end-to-end identity proofing, eKYC and AML solutions, operates globally with offices in North America, Latin America, Europe, Asia Pacific and the Middle East.

-- BERNAMA

Cellebrite Empowers Lake Jackson Police Department with Agile Digital Intelligence Platform

Cellebrite and Lake Jackson Police Department combine efforts to embolden the digital forensics process and overcome obstacles

PETAH TIKVA, Israel and TYSONS CORNER, Va. and LAKE JACKSON, Texas, Sept 14 (GLOBE NEWSWIRE) -- Cellebrite DI Ltd. (Nasdaq: CLBT), a global leader in Digital Intelligence (DI) solutions for the public and private sectors, today announced their collaborative work with the Lake Jackson Police Department.

Big cases solved by large agencies with lots of resources may grab more headlines, but most communities depend on smaller police forces to do the hard work of keeping communities safe with just a handful of officers.

Detective Sergeant (DS) Christopher Collins, of the Lake Jackson Police Department in Lake Jackson, TX, understands what it means to be the only digital examiner in a department. He is literally a one-man band. Not surprisingly, DS Collins faces a number of challenges that those in small departments know all too well: multiple roles, budget constraints, outdated equipment, too many devices, and slow USB speeds.

In the two years he’s been in his present position, DS Collins has learned how to use technology as a force multiplier to modernize his workflow and get the information his investigators need to move cases forward as quickly as possible. Right now, he is utilizing Cellebrite UFED 4PC, Cellebrite Physical Analyzer, and Cellebrite UFED Cloud.

DS Collins has high praise for the solutions he is using. “UFED 4PC…makes it extremely easy to run through a phone extraction and capture of evidence. With the on-screen instructions…there’s almost no question on what to do because it gives you the steps to follow.”

“Running it [data] through Physical Analyzer presents everything that you’ve captured and parsed through on the screen. It gives you that extraction summary screen, and I love that screen. It shows you what extractions have been completed or included in the report, and it breaks down photos, videos, text messages, instant messages, and device locations….The workflow is a lot easier to work through on that.”

“Another thing [I like about] Cellebrite UFED Cloud is the public-facing cloud and social media profiles that Cellebrite UFED Cloud is able to capture. By putting in a URL or a username, it captures the public-facing images. Using Cellebrite UFED Cloud’s feature to do that sounds way more forensically sound.”

When asked what advice he had for officers, like himself, who are flying solo in their departments on how to use digital technology to better serve their communities and close the public-safety gap, here’s what DS Collins had to say.

Train Up: Take up as much free training as you can. Reach out. If your department is part of the ICAC task force, go through ICAC training. They have a ton of resources for training that are free or very low-cost.

Get Cellebrite Trained. As DS Collins explained, “This was one of the best courses I’ve had. And the person who trained me, my instructor for my CCO and CCPA, actually pushed me to get my CCME because he saw how well I was performing in that class. He was a fantastic instructor.”

Find Funding: While there are federal funds available, DS Collins recommends that those seeking funds to transform their department shouldn’t focus strictly on federal grants.

Set Standard Operating Procedures: DS Collins is in the process of building a mandatory mobile device evidence collection course for basic-level patrol officers and even detectives because they need to be able to know how to handle devices collected at a crime scene.

When asked what gets him out of bed every morning and do his job, DS Collins paused for a moment then said: “In the simplest terms, it’s justice for the victims. And the help that it will give those victims in restoring a normal life is insurmountable. That’s the main thing that drives me, is to protect the children.”

Zach Cohen, Vice President of State and Local Sales at Cellebrite, commented: “Detective Sergeant Chris Collins is a prime example of how a single, driven individual can introduce new technology to agencies, no matter the size. His efforts to educate other team members and dedication to training demonstrates an attitude that all analysts and investigators should emulate.”

About Cellebrite

Cellebrite’s (Nasdaq: CLBT) mission is to enable its customers to protect and save lives, accelerate justice, and preserve privacy in communities around the world. We are a global leader in Digital Intelligence solutions for the public and private sectors, empowering organizations in mastering the complexities of legally sanctioned digital investigations by streamlining intelligence processes. Trusted by thousands of leading agencies and companies worldwide, Cellebrite’s Digital Intelligence platform and solutions transform how customers collect, review, analyze and manage data in legally sanctioned investigations. To learn more visit us at www.cellebrite.com, https://investors.cellebrite.com, or follow us on Twitter at @Cellebrite.

 

Cellebrite Media
Victor Cooper
Public Relations and Corporate Communications Director
Victor.Cooper@cellebrite.com
+1 404.804.5910

 

Source: Cellebrite DI Ltd

 

DIGITAL TICKETING TRANSACTION VALUE REACHES US$1.4 TRILLION BY 2027 - JUNIPER RESEARCH

KUALA LUMPUR, Sept 13 (Bernama) -- The global digital ticketing transaction value will reach US$1.4 trillion in 2027; up from US$768 billion in 2022, according to a new study from Juniper Research. (US$1 = RM4.503)

This growth of 78 per cent over the next five years represents a strong recovery from the heavy impact of the COVID-19 pandemic; driven by the ongoing success of contactless payments. 

However, the research identified current market fragmentation, where users cannot use the same payment method across different transit and events areas, as a factor limiting growth and user experience quality.

According to a statement, digital ticketing enables users to access transit or an event via a ticket on a mobile device, PC or a wearable; allowing streamlined access and purchase journeys.

The research identified metro & bus ticketing as the fastest-growing digital ticketing segment, with transaction value in this segment set to rise by over 200 per cent over the next five years.

Research co-author Damla Sat said: “Ticketing vendors must pursue strategies, such as account-based ticketing, where any payment type can be linked to a back-office account. By removing barriers, vendors will accelerate the digital transition in ticketing and hasten the onset of Mobility-as-a-Service.”

The research recommends vendors focus on developing integrated contactless systems for different transit scenarios, such as bus, train and micromobility, in order to break down the fragmentation inherent to the current market.

Juniper Research provides research and analytical services to the global hi-tech communications sector; providing consultancy, analyst reports, and industry commentary.

-- BERNAMA

Rahi further invests in Singapore with new office, integration facility

KUALA LUMPUR, Sept 13 (Bernama) -- Rahi, a leading global IT solutions provider, systems integrator, and VAR, whose APAC sales headquarters has been based in Singapore since 2014, has announced its further investment in South East Asia regions as well as the recent launch of its new office and integration facility in Singapore.

Co-founded in 2013 by US-based entrepreneur Tarun Raisoni, Rahi is now famously known for providing Data Center Transformation, IT Infrastructure, Unified Communications, Enterprise Networking, Cloud & Data, and Security solutions worldwide.

The hyper-growth company now employs more than 1,200 people worldwide, and 150 of these employees are based in the South East Asia led by Vijaykumar Mahalingam, according to a statement.

“As customer preferences continue to grow and the concept of data centre continues to evolve, so must the platform, the facility, and our team.

“Through this expansion, we are able to meet our client's needs and empower their digital journey to operate more smoothly and efficiently,” said Mahalingam, VP, South East Asia.

In addition to the office space expansion, Rahi Singapore will launch its brand new integration facility, with the utmost purpose of supporting and realising calibrated and sustainable growth of hyper-scale data centres in the local regions.

From packing/unpacking, assembly, integration, and burn-in testing to stalling, Rahi Singapore’s Integration Facility will allow the local team to provide one-stop solutions to customers in need.

Rahi Singapore has played a pivotal role in providing industry-leading technology solutions, support, and IT consulting services to customers.

In the next year, the company expects to create more job opportunities for the local market, including sales, audio/video engineers, and administrative positions.

-- BERNAMA

MECOBIT NEWLY LAUNCHED PRODUCTS EYE INDUSTRY ATTENTION

KUALA LUMPUR, Sept 13 (Bernama) -- MECO Limited (Mecobit) recently launched new products Solar Unit M4000, Solar Panel Kit (complete), Portable Power Station, M100 Miner, M200 Miner, Meco Rack, attracting wide attention in the industry.

The result of five years of research, development and testing, this new technology platform enables the production of frameless, thin, lightweight and adaptable solar panels with the performance of comparable standard solar panels.

“We are very excited to bring revolutionary innovation to the field of solar energy,” said Chief Marketing Officer, Ben Lukas in a statement.

“In addition to the new development work and modules from design and material, this new technology platform has fundamentally helped us with the unique solar-electric technology.”

Compared to previous innovations, charging speed, battery life, security guarantees and user experience have improved.

Mecobit M4000 Solar Unit and Solar Panel Kit is compatible with many devices, tools, equipment, home and electronic industries such as cryptocurrency miners, providing security, long backup and other areas of power.

Mecobit Solar Systems Long Life Battery: M4000 Solar Unit, Solar Panel Kit (complete), and Portable Power Station passes standard tests including short circuit, overload, extrusion, and acupuncture.

Mecobit, one of the world's leading manufacturers of solar modules and complete solutions, is headquartered in Chiswick High Road, London, England, and has offices in several other cities across the world, including the United States.

More details at www.mecobit.com.

-- BERNAMA

Contactless payment transaction values reach US$10 trillion by 2027 - Juniper Research

KUALA LUMPUR, Sept 12 (Bernama) -- The value of contactless payment transactions will reach US$10 trillion globally by 2027; from US$4.6 trillion in 2022,according to a new study from Juniper Research. (US$1 = RM4.497)

It anticipates that investment in the underlying contactless payments ecosystem, such as contactless‑enabled Point-of-Sale (POS) terminals and device-level support, will be the key driver of contactless transactions value growth over the next five years.

The research predicts that the push towards cashless societies will drive growth, as countries look to decrease their reliance upon cash. Mobile and wearable contactless payments are anticipated to grow by 221 per cent between 2022 and 2027.

This growth owes to the convenience that mobile and wearable payments offer consumers, eliminating the need to carry and produce a contactless card; easing the burden of transitioning away from cash.

In comparison, contactless card payments are anticipated to grow by only 119 per cent during the same period, according to a statement.

Furthermore, the report identified that the high growth of POS terminals capable of accepting contactless payments is also fuelling this growth.

Accordingly, the research urges POS vendors to prioritise convenience when designing NFC solutions for the market, which can cater to the growing number of devices that offer NFC payment capabilities.

The research anticipates that contactless ticketing spend is set to grow by over 440 per cent between 2022 and 2027. NFC ticketing has recovered strongly following the easing of pandemic-related restrictions, and is forecast to continue rising rapidly over the next five years.

-- BERNAMA

Phosphorus, Tindo partner to deliver new generation xIoT security solutions

KUALA LUMPUR, Sept 12 (Bernama) -- Phosphorus, the leading provider of advanced and full-scope security for the extended Internet of Things (xIoT), has announced a new partnership with Tindo, a leading IT security System Integrator in Southeast Asia.

According to a statement, the new partnership will see the two companies jointly delivering a new generation of xIoT security solutions for the Association of Southeast Asian Nations (ASEAN) region.

“As the Singaporean government recently noted, IoT and OT threats are increasing and organisations can no longer afford to treat these systems any differently than they would an IT network that was left unsecured and exposed to the Internet,” said Chief Executive Officer of Phosphorus, Chris Rouland.

“xIoT security is more important than ever before and we look forward to working with Tindo, a trusted partner among many leading industries, to deliver critical xIoT security to a region that plays such an important role in the global economy.”

The new partnership comes at an important time for the ASEAN region. Singapore’s Cyber Security Agency (CSA) recently warned that critical IoT devices now face a growing risk of ransomware and other attacks by cybercriminals.

Phosphorus’s Enterprise xIoT Security Platform is the world’s first and only security technology capable of delivering attack surface management, hardening and remediation, and extended detect and response to the full range of IoT, OT, and network-connected devices, ranging from security cameras to PLCs.

Phosphorus deploys on premises and defends against targeted attacks, malware, out-of-date firmware, vulnerabilities, default passwords, risky configurations, and insider threats across tens of thousands of unique device brands and models—both new and legacy.

The platform’s automated security solutions allow organisations to scale their IoT and OT technologies without having to add new employees.

More details at www.phosphorus.io.

-- BERNAMA

TDCX clinches award at The Singapore Business Awards 2021/2022

 

TDCX CEO and Founder, Mr Laurent Junique, receiving The Enterprise Award. (Photo: Business Wire) 

KUALA LUMPUR, Sept 9 (Bernama) -- TDCX Inc (TDCX or the Company), an award-winning digital customer experience solutions provider for innovative technology and other blue-chip companies, clinched The Enterprise Award at The Singapore Business Awards 2021/2022.

The Enterprise Award is open to all enterprises in Singapore. The judging criteria are in the four areas of innovation, financial performance and productivity, company management and contribution to the community.

The Award recognises TDCX’s agility and adaptability in navigating changing market trends and client needs as it helps multinational organisations deploy their customer experience services with speed and at scale.

According to a statement, Laurent Junique, Chief Executive Officer and Founder, TDCX, said: “This award reinforces the importance of the role that our 17,000-strong workforce across the globe plays in supporting the growth of the digital economy.

“Every day, they show up, understand the customer’s needs and work hard to resolve the issues swiftly and satisfactorily. We are honoured to receive The Enterprise Award and look forward to scaling greater heights with our colleagues and clients.”

TDCX is relied upon by leading global brands to help them gain new customers, build customer loyalty and protect their online communities. Ninety-three per cent of its revenue is contributed by new economy clients.

TDCX serves clients in fintech, gaming, technology, home sharing and travel, digital advertising and social media, streaming and e-commerce.

Singapore-headquartered TDCX has employees specifically in Singapore, Malaysia, Thailand, the Philippines, Mainland China, Hong Kong, South Korea, Japan, India, Romania, Spain and Colombia.

For more information, visit www.tdcx.com.

-- BERNAMA

HTEC Group acquires Mistral Technologies

KUALA LUMPUR, Sept 5 (Bernama) -- HTEC Group (HTEC), a global consulting, software engineering and digital product development company, has acquired Sarajevo-based Mistral Technologies. 

Joining forces with Mistral’s team of 300, HTEC is now the largest technology company in Bosnia and Herzegovina employing close to 600 experts in the country, according to a statement.

“I am happy to say that today, we acquired Mistral Technologies, one of the best technology companies in the region, clearly a market leader in Bosnia and Herzegovina, with the passion, leadership skills, engineering excellence and company values that match our own.

“Going forward, we will continue to bring together by far the most talented technical and creative professionals in Southeast Europe and expose them to global market opportunities,” said HTEC co-founder and chief executive officer (CEO), Aleksandar Cabrilo.

Meanwhile, Mistral co-founder and CEO, Mersed Camdzic said: “We are perfectly aligned with HTEC Group in terms of our values and service delivery and I am confident we will soon become the most desired partner of choice globally, for the most complex engineering challenges.”

Mistral, the newest member of HTEC Group, was founded in Sarajevo in 2010, and has positioned itself as the employer of choice for engineering talent in Bosnia and Herzegovina, an impressive client portfolio of Fortune 500 companies.

Globally, HTEC’s team has grown to over 2,000 employees, with development centres across Southeast Europe — where the company operates in six countries — with creative and consulting offices located in the Silicon Valley, London, New York, Minneapolis, Amsterdam, Stockholm and Gothenburg.

More details at www.htecgroup.com.

-- BERNAMA