Pantheon Expands Footprint With Two New Offices In Singapore, Geneva

KUALA LUMPUR, Oct 25 (Bernama) -- Pantheon, a global private markets investor, has extended its footprint into two important private wealth hubs with the launch of offices in Singapore and Geneva, Switzerland.

These new locations support the firm’s ongoing expansion in the private wealth channel and reflect its commitment to making its specialised expertise accessible to a wider range of investors, according to Pantheon in a statement.

Its Partner and Global Head of Business Development, Susan Long McAndrews said the firm’s strategic focus is on building presence in key growth markets and client channels, offering its investment acumen and commitment to service excellence to more investors, while growing investment capacity and reach.

“We are pleased to bring our global expertise to local markets in Singapore and Geneva, where we have generated significant momentum and where we see substantial opportunities for further growth,” she said.

The Singapore office will act as a hub for its activities in Southeast Asia and across the wider Asia Pacific region, where it serves an expanding client base that includes a number of blue-chip institutional investors and national pension funds under the leadership of Pantheon Partner and head of the firm’s investment activities across Asia and emerging markets, Brian Lim.

Meanwhile, the Geneva office extends Pantheon’s presence in Continental Europe, alongside existing offices in London, Dublin and Berlin, will be led by Principal in the firm’s European Investor Relations team, Carlos Arias who provides broader coverage for the firm’s institutional and private wealth clients in French speaking markets, as well as Spain and Italy.

Pantheon’s private wealth platform offers a range of evergreen fund solutions, with a combined US$5.8 billion in assets under management. (US$1=RM4.78)

In the United States (US), the firm manages the AMG Pantheon Fund, and recently filed for registration the AMG Pantheon Credit Solutions Fund, while outside the US, the firm manages two London Stock Exchange-listed investment trusts, Pantheon International Plc and Pantheon Infrastructure Plc.

The firm continues to innovate and extend the range of fund solutions available globally for private wealth investors to access its traditional private market funds.

-- BERNAMA

NEW AI STUDY REVEALS HIGH USAGE DESPITE LOW POLICIES

Global digital trust association ISACA surveyed more than 2,300 professionals who work in audit, risk, security, data privacy and IT governance to get their take on the current state of generative AI. (Graphic: ISACA)

KUALA LUMPUR, Oct 26 (Bernama) -- A new poll of global digital trust professionals has revealed a high degree of uncertainty around generative artificial intelligence (AI), few company policies around its use, lack of training, and fears around its exploitation by bad actors.

According to Generative AI 2023: An ISACA Pulse Poll, global digital trust professionals weighed in on generative AI, in a new pulse poll that explores employee use, training, attention to ethical implementation, risk management, exploitation by adversaries, and impact on jobs.

The poll found that many employees at respondents’ organisations are using generative AI, even without policies in place for its use, according to a statement.

Only 28 per cent of organisations said their companies expressly permit the use of generative AI, while only 10 per cent stated a formal comprehensive policy is in place, and more than one in four claimed no policy exists and there is no plan for one.

These employees are using generative AI in a number of ways, including to create written content (65 per cent); increase productivity (44 per cent); automate repetitive tasks (32 per cent); provide customer service (29 per cent); and improve decision making (27 per cent).

However, despite employees quickly moving forward with use of the technology, only six per cent of respondents’ organisations are providing training to all staff on AI, and more than half (54 per cent) indicated that no AI training at all is provided, even to teams directly impacted by AI.

The poll also explored the ethical concerns and risks associated with AI as well, with 41 per cent saying that not enough attention is being paid to ethical standards for AI implementation.

Furthermore, examining how current roles are involved with AI, respondents believe that security (47 per cent), information technology operations (42 per cent), as well as risk and compliance (tie, 35 per cent) are responsible for the safe deployment of AI.

Despite the uncertainty and risk surrounding AI, 80 per cent of respondents believe AI will have a positive or neutral impact on their industry, 81 per cent believe it will have a positive or neutral impact on their organisations, and 82 per cent believe it will have a positive or neutral impact on their careers.

ISACA equips individuals and enterprises with the knowledge, credentials, education, training and community to progress their careers, transform their organisations, and build a more trusted and ethical digital world.

-- BERNAMA

Chiba Prefectural Museum Of Art To Hold Theo Jansen Exhibition

KUALA LUMPUR, Oct 23 (Bernama) -- The Chiba Prefectural Museum of Art will hold an exhibition of Theo Jansen, a world-renowned Dutch artist, from Oct 27 to Jan 21, next year, as a cultural exchange project with the Netherlands.

The exhibition is in conjunction with this year marking the 150th anniversary of the establishment of Chiba Prefecture, according to a statement.

Chiba Prefecture has a long history of exchanges with the Netherlands as Dutch studies used to be encouraged in a region within the prefecture.

Meanwhile, Jansen who was born in 1948 is called the "Leonardo da Vinci of modern times" as an artist, inventor and a scientist.

His major work is the so-called "strandbeest" (Dutch for 'beach lifeforms'), made by piecing together off-the-shelf materials such as plastic tubes and adhesive tapes based on physics calculation. Strandbeest feeds on wind to come to life and walk on sandy beaches.

This exhibition will showcase more than 10 works, including an enormous strandbeest measuring over 10 metres in length, together with Jansen's hand-drawn sketches, and tools used in their production, among other items.

A daily event where the strandbeest walks in the museum will also be held, while on Dec 3, there will be an event in which the public can participate in walking the strandbeest on the beach, first-ever such programme in Japan.

Hence, visitors will have the opportunity to watch before their very eyes the gigantic art piece moving as if it was a living creature against the backdrop of the ocean.

-- BERNAMA

Jumio Unveils Advanced Anti-Fraud Technology Uses AI-driven Predictive Analysis

KUALA LUMPUR, Oct 24 (Bernama) -- Jumio, an automated, end-to-end identity verification, risk assessment and compliance solutions provider, has launched Jumio 360° Fraud Analytics, at Money20/20 the United States of America (USA).

According to Jumio in a statement, its new fraud-fighting technology uses artificial intelligence (AI)-driven predictive analytics to identify fraud patterns with more sophistication and accuracy than ever before.

“Today we are pushing the industry to evolve once again by harnessing the power of predictive analytics to identify fraud patterns across our vast network.

“This will allow us to identify and stop fraud rings and other coordinated attacks with more accuracy than ever before,” said Jumio Chief Executive Officer, Robert Prigge.

Jumio’s analysis found that 25 per cent of fraud is interconnected, either perpetrated by fraud rings or by individuals using the same information or credentials to open new accounts on banking sites, ecommerce platforms, sharing economy sites and more.

Its new technology tackles this problem using graph database technology with a layer of machine learning, as it groups identity transactions into clusters across the network and determines the fraud risk of each cluster which provides a multi-dimensional view of each transaction and the cross-customer ecosystem as a whole.

With the addition of Jumio 360° Fraud Analytics, the identity transaction will also be compared to the clusters and generate a predictive fraud score that can be used to automatically reject the transaction if it exceeds a certain threshold.

The company’s initial studies show that this approach improves its existing, highly accurate fraud detection rate by at least 30 per cent, without increasing the false rejection rate. Business users can audit the reasons behind the decision in its Portal or via Application Programming Interfaces (APIs).

Jumio 360° Fraud Analytics is currently available in early release to select customers and will be generally available in early 2024.

-- BERNAMA

DONGFENG COMMERCIAL VEHICLES ROLLS OUT NEW DUMPER

KUALA LUMPUR, Oct 24 (Bernama) -- Customer-oriented Dongfeng Commercial Vehicles has launched a new dumper, DONGFENG KC, in response to the dominance of road transport in many regions worldwide.

The DONGFENG KC dumper adopts the new generation D320 engineering vehicle cab, the driver's airbag seat, with single-side armrest, integrated headrest, airbag lumbar support, and seat ventilation, while the interior of the cab is equipped with automatic air conditioning and parking heater.

According to a statement, DONGFENG KC has strong power and bearing capacity in which the maximum power of the engine can reach 520 horsepower (388 kilowatts).

It is equipped with three internationally leading power chains, namely, Dongfeng Cummins engine; FasTrak gearbox; as well as Dongfeng Dana and Handmann axle.

In order to adapt to extreme road conditions, the dumper has installed adaptive configurations such as exhaust gas heating devices to meet the needs of operations in cold environments.

Furthermore, adaptable modifications can be made according to user needs and different working conditions such as road transportation or loading in mining areas.

The ground clearance of the water tank and the minimum ground height of chassis accessories fully meet the needs of working conditions.

The establishment of two spare parts central warehouses in key sales areas in Europe, the management of over 200 maintenance service stations and more than a dozen Chinese experts provide professional technical support in the territory can ensure users with timely, fast and effective after-sales services.

In addition to Europe, DONGFENG KC has been introduced to South America, Southeast Asia and other markets, and will continue to provide high-quality and reliable services to users globally and create more value.

-- BERNAMA

AM BEST AFFIRMS NEW INDIA ASSURANCE CREDIT RATINGS, ASSIGNS NATIONAL SCALE RATING

KUALA LUMPUR, Oct 23 (Bernama) -- Global credit rating agency, AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of The New India Assurance Company Limited (New India).

Additionally, AM Best in a statement said it has assigned the India National Scale Rating (NSR) of aaa.IN (Exceptional) to New India, while the outlook of these credit ratings (ratings) is stable.

The ratings reflect New India’s balance sheet strength, which AM Best assessed as very strong, as well as its adequate operating performance, favourable business profile and marginal enterprise risk management.

In addition, the ratings factor in the neutral impact from New India’s ultimate majority ownership by the Government of India.

New India’s balance sheet strength assessment is underpinned by its risk-adjusted capitalisation, which remained at the strongest level in fiscal-year 2023, as measured by Best’s Capital Adequacy Ratio.

AM Best views the company’s investment portfolio to have moderate risk. Although a large portion of investments are held in domestic government and corporate bonds, which are well-rated on the local scale, the balance sheet remains subject to volatility arising from its allocation to domestic equity investments.

With New India’s operating performance assessed as adequate, the company has reported positive operating results on a consolidated basis over the last five years, with an average return-on-equity ratio of 2.7 per cent (fiscal years 2019–2023).

Robust investment incomes, including interest and dividend incomes, as well as realised gains from the sale of equity investments, provides a sizable contribution to overall earnings.

The rating agency expects challenging market conditions to constrain the company’s underwriting results over the medium term, albeit overall operating results are expected to remain profitable.

New India’s favourable business profile assessment reflects its market position as the largest non-life insurer in India by gross premiums written, and its underwriting portfolio is moderately diversified by lines of business and distribution channels, although with an elevated concentration in health insurance.

-- BERNAMA

AM Best Affirms South Korea’s Construction Guarantee Cooperative Credit Ratings

KUALA LUMPUR, Oct 20 (Bernama) -- AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” (Superior) of Construction Guarantee Cooperative (CG), South Korea.

The credit ratings (ratings), which have a stable outlook, reflected CG’s balance sheet strength, which AM Best assessed as strongest, as well as its strong operating performance, favourable business profile and appropriate enterprise risk management (ERM).

The company’s risk-adjusted capitalisation is assessed at the strongest level, as measured by Best’s Capital Adequacy Ratio, underpinned by a large capital base of 6.8 trillion Korean won (US$5.4 billion) as of year-end 2022, extremely low underwriting leverage, and a conservative and liquid investment portfolio with the majority of its investments placed in stable fixed-income assets. (US$1=RM4.77)

CG’s strong operating performance is backed by its favourable underwriting performance with a five-year average combined ratio of 62 per cent (2018-2022), as calculated by the rating agency.

The company’s surety premiums continued to be stable over the past years and contributed to its very low loss ratio, along with growing insurance business that also remained profitable supported by its prudent underwriting management to ensure steady profitability.

Despite sizeable unrealised capital losses in 2022 from the stock market volatility, AM Best expects CG’s investment yield to improve over the coming years supported by a high interest rate environment and its efforts to realign investment strategy.

AM Best in a statement said it considers the company’s risk management capabilities to be appropriate with a comprehensive ERM structure to manage its key risk areas effectively.

Established under the Korea Construction Financial Cooperative Law, CG is a government-designated surety underwriter for general contractors in South Korea, having the largest share of the construction surety segment and a strong membership base.

-- BERNAMA

Cellebrite Elevates Digital Forensics Training with New MyCellebrite Learning Hub

TYSONS CORNER, Va. and PETAH TIKVA, Israel, Oct 19 (GLOBE NEWSWIRE) -- Cellebrite DI Ltd. (Nasdaq: CLBT), a global leader in Digital Intelligence (DI) solutions for the public and private sectors, announced today the unveiling of a cutting-edge website and Learning Management System (LMS) within MyCellebrite.

Cellebrite training continues to be the gold standard for digital intelligence training and certification. This leap forward not only elevates the training experience for investigative agencies but also underscores Cellebrite's unparalleled leadership in digital forensics education, enhancing the customer experience like never before.

Cellebrite Training, which has developed a dedicated training website over the past year, reflects best practices in digital forensics. The learning site will enable tens of thousands of law enforcement personnel with the most advanced online technology available to discover new strategies and actionable processes to solve cases faster, smarter and defensibly to keep their communities safe.

In 2023, Cellebrite offered 24 training courses both live in-person and virtually, and in self-paced formats. In recent years, an average of 11,000 examiners, investigators and other agency personnel from more than 5,000 public sector customers have been certified annually as experts in Cellebrite’s digital forensic software solutions.

Cellebrite’s enhanced MyCellebrite Community Portal now provides:

• Direct access to essentials: Your one-stop destination for all course-related information, ensuring you are always in the loop; customers can now purchase courses within MyCellebrite – the same place as solutions

• Flexible learning: Whether you prefer live sessions, archived content, in-person, virtual, or self-paced formats, it is all at your fingertips

• Seamless experience: Designed with the learner in mind, offering a more user-friendly and intuitive way to access training content

• Effortless registration: Easily register for and purchase training courses in the same place you acquire Cellebrite solutions

Intuitive learning path interface

• Universal accessibility: Whether you are on a computer, tablet, or smartphone, the LMS adapts, ensuring your learning journey remains uninterrupted

• User-Centric design: Making coursework completion more intuitive and straightforward, no matter the device

Quick Access to Essential Course Resources

• Instant resource retrieval: Spend less time searching and more time learning with faster access to course guides

• Download on-the-go: Convenient options to download materials mean you can take your learning resources wherever you go

“Our training courses are invaluable resources to empower our customers to master digital forensics techniques, tools and methodologies,” says Anat Paran, Executive Vice President of Services at Cellebrite. “With hands-on training led by experienced instructors, this upgraded online platform plays a crucial role in propelling the industry to new heights, enhancing forensics experts’ credibility and bringing closure to cases—namely for victims and their families.”

Cellebrite provides best-in-class digital forensics training. The launch of MyCellebrite ensures that as technology evolves, so will the skillsets of those who keep our communities safe. For more information, please visit www.cellebrite.ctraining.

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 Contacts

Media
Victor Cooper
Sr. Director of Corporate Communications + Content Operations
Victor.cooper@cellebrite.com
+1 404.804.5910

Investors
Andrew Kramer
VP, Investor Relations
Investors@cellebrite.com
+1 973.206.7760

SOURCE: Cellebrite Inc.

IMMUNOSCAPE USES MACHINE LEARNING TO PREDICT VIRUS SPECIFICITY OF HUMAN T-CELLS

KUALA LUMPUR, Oct 20 (Bernama) -- Biotechnology company ImmunoScape has published new peer-reviewed research that demonstrates the use of machine learning to predict the virus specificity of human T-cells.

Led by ImmunoScape Scientist Michael Fehlings, and published in the scientific journal, Cell Reports, the research could have profound implications for the use of machine learning in the discovery and development of T-cell based immunotherapies.

This study opens novel avenues to address the challenges of finding T-cell receptors (TCRs) that can be transformed into therapeutics against different diseases and indications.

The company has built a discovery engine that offers 360-degree views of lab-validated data from millions of T cells, which serves as the foundation for its machine learning platform.

“Our proprietary multi-omics database includes an unparalleled set of T-cell phenotypes and corresponding TCRs against viral, cancer and other antigens and builds the foundation for our computational models.

“Our mission is to harness the power of machine learning to accelerate the discovery of cancer-specific T cells while expanding access to more effective therapeutics,” said ImmunoScape co-founder and chief executive officer, Choon-Peng Ng in a statement.

The findings include identification of unique phenotypes of T cells specific for different virus antigens; inference of phenotypic signatures from virus-specific T cells via machine learning; and utilisation of machine learning to predict antigen specificity from T-cell phenotypes.

ImmunoScape developed and trained machine learning models to identify and learn common phenotypic signatures inherent to T cells specific for different antigen categories in the study.

With the validation of its platform, ImmunoScape will expand the use of machine learning to identify tumour-specific TCRs to support its pipeline for the development of novel TCR-based therapeutics against solid tumours.

-- BERNAMA

PubMatic-FreeWheel Integration Partnership Revolutionises CTV Ad Inventory

KUALA LUMPUR, Oct 17 (Bernama) -- PubMatic, an independent technology company has announced a new integration partnership with FreeWheel, a global technology platform for the television advertising industry.

According to a statement, through this enhanced integration, PubMatic’s Activate will now have direct access, through FreeWheel, to premium publisher connected television (CTV) ad inventory.

“Since launching this year, Activate has gained traction worldwide as the end-to-end supply path optimisation solution of choice for agencies and advertisers.

“FreeWheel has been an important PubMatic partner for many years, and we look forward to deepening our relationship through this integration, giving buyers more control over their CTV investments,” said PubMatic Vice President, CTV/OTT and Video, Nicole Scaglione.

Meanwhile, FreeWheel Vice President, US Head of Demand, Jon Mansell said: “In integrating with PubMatic’s Activate, our goal is to drive incremental demand for publishers while giving advertisers more control and choice into how publisher inventory can be purchased.

“We hope that by doing so, we can drive more growth, momentum and innovation in today’s TV ad ecosystem,” he added.

This new partnership will bring key benefits and new capabilities for the TV ad ecosystem whereby ad buyers working with PubMatic will now have an enhanced and streamlined ability to transact across a larger and more diversified pool of premium CTV ad inventory.

In addition, FreeWheel publishers will have access to unique campaign budgets only available through Activate.

In doing so, the two companies aim to provide increased interoperability, efficiency and transparency for buyers and sellers of premium CTV ad inventory at scale.

-- BERNAMA

TOSHIBA LAUNCHES SMALL PHOTORELAY SUITABLE FOR HIGH-FREQUENCY SIGNAL SWITCHES IN SEMICONDUCTOR TESTERS

 

Toshiba: TLP3475W, a photorelay in a small, thin WSON4 package. (Graphic: Business Wire) 

- Reduced Insertion Loss and Improved High-Frequency Signal Transmission Characteristics -
 

KAWASAKI, Japan, Oct 17 (Bernama-BUSINESS WIRE) -- Toshiba Electronic Devices & Storage Corporation ("Toshiba") has launched "TLP3475W," a photorelay in a small, thin WSON4 package. It reduces insertion loss and suppresses power attenuation in high-frequency signals ^[¹]  and is suitable for the pin electronics of semiconductor testers, which use a large number of relays and require high-speed signaling. Volume shipments start today.
 

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231016925097/en/ 

Toshiba’s optimized package designs reduces parasitic capacitance and inductance in the new photorelay. This reduces insertion loss and improves the transmission characteristic of high-frequency signals to 20GHz (typ.) ^[²] , about 1.5 times lower [²] than Toshiba’s current product, TLP3475S.

TLP3475W uses a small, thin WSON4 package that is only 0.8mm (typ.) thick, making it the smallest ^[³]  photorelay in the industry to realize improved high-frequency signal transmission characteristics. It is 40% lower in height than Toshiba’s ultra-small S-VSON4T package, allowing more products to be mounted on the same circuit board, and will contribute to improved measuring efficiency.

Toshiba will continue to expand its product line-up to support semiconductor testers that deliver higher speeds and greater functionality.

Applications 

· Semiconductor testers (high-speed memory testers, high-speed logic testers, etc.)
· Probe cards
· Measuring equipment 

Features

· Industry’s smallest ^[³] WSON4 package: 1.45mm×2.0mm (typ.), t=0.8mm (typ.)
· Improving to pass the high-frequency signals : f=20GHz (typ.) @Insertion loss(S21) = -3dB
· Normally open function (1-Form-A) 

Notes:

[1] When the frequency band is in the range of several hundreds of megahertz to several tens of gigahertz.
[2] The frequency band where the power attenuation ratio (insertion loss) when the signal passes through the output MOSFET is -3dB.
[3] For photorelays. As of October 2023, Toshiba survey.

http://mrem.bernama.com/viewsm.php?idm=47268

TDCX FOUNDATION MARKS 1ST ANNIVERSARY WITH DIGITAL LITERACY PROJECTS IN SOUTHEAST ASIA

KUALA LUMPUR, Oct 16 (Bernama) -- TDCX Foundation, the social impact arm of TDCX celebrated its first anniversary with the completion of projects aimed at helping youths in Southeast Asia enhance their digital literacy.

According to a statement, TDCX Foundation collaborated with World Vision in the Philippines and Thailand on the projects.

“We are grateful to have played a part in empowering these young individuals with digital skills. Our aim is to make a positive difference in the communities we are a part of, and we see imparting digital skills as a meaningful way to do that.

“The initiative also goes beyond giving back to the youth but working with my colleagues to achieve a sense of fulfilment and purpose,” said TDCX Customer Experience Specialist, Christine Mae Escabal.

To help out-of-school youth in the Philippines better their employment opportunities, TDCX’s team of 14 volunteers set out to mentor 21 youths from Project HOPE.

For four weeks, TDCX employees planned and organised the sessions, from preparing the content to engaging with the youth, supporting the youth in acquiring essential skills, from using digital communication tools to presentation techniques.

Meanwhile, to support its Thai community, TDCX embarked on a project with World Vision where it contributed US$15,000 for the digitisation of a school library in rural Thailand. (US$1=RM4.73)

The beneficiary was Pupan Wittaya School in Udon Thani Province in which its former library was old and dilapidated and did not have any information technology (IT) equipment for the students to increase their digital proficiency, resulting in low usage rates.

With TDCX’s support, the school was able to transform the library, modernising and brightening the premises, whereby the library is now equipped with computers and other digital resources for students, creating an engaging learning environment.

Launched in October 2021, TDCX Foundation predominantly drives social impact for disadvantaged communities, particularly by providing funding for initiatives that give access to technology, connectivity, IT equipment and the skills needed to thrive in a digital economy.

-- BERNAMA

JE CLEANTECH DECLARES SHARE CONSOLIDATION TO REGAIN NASDAQ COMPLIANCE

KUALA LUMPUR, Oct 16 (Bernama) -- JE Cleantech Holdings Limited announced it will effect a share consolidation (Reverse Stock Split) of its ordinary shares at a ratio of one-for-three, effective Oct 13 (the Effective Time), to regain compliance with the minimum US$1.00 bid price per share requirement of Nasdaq’s Marketplace Rule. (US$1=RM4.73)

The company’s ordinary shares are expected to begin trading on a reverse stock split adjusted basis on Nasdaq as of the open of trading on Oct 16, under the existing ticker symbol “JCSE”.

Its members (stockholders) previously approved the reverse stock split and granted its board of directors the authority to determine the final reverse stock split ratio and when to proceed with the reverse stock split at a Special Meeting of Stockholders held on Aug 29.

According to a statement, the company will file an Amendment to its Memorandum and Articles of Association to effect the share consolidation/reverse stock split at the ratio of one-for-three as of the Effective Time.

As of the Effective Time, every three shares of the company’s issued and outstanding ordinary shares will be combined into one issued and outstanding ordinary share, and the total number of authorised ordinary shares will be reduced from 15.020 million to 5.006666 million.

Furthermore, proportional adjustments will also be made to the number of ordinary shares issuable upon the exercise of any outstanding stock options and the number of shares issuable pursuant to outstanding restricted stock awards, and the number of shares authorised and reserved for issuance pursuant to the company’s 2022 Equity Incentive Plan.

The company’s transfer agent, VStock Transfer LLC, will serve as the exchange agent for the reverse stock split.

Based in Singapore, JE Cleantech is principally engaged in the sale of cleaning systems and other equipment; as well as the provision of centralised dishwashing and ancillary services.

-- BERNAMA

Jumio Expands AI-Powered Digital Trust Solutions Via NextWealth Partnership

KUALA LUMPUR, Oct 10 (Bernama) -- Jumio, an automated, end-to-end identity verification, risk assessment and compliance solutions provider, has expanded its strategic partnership with NextWealth, a pure play data services provider.

With this enhanced partnership, NextWealth will provide ongoing identity verification services for Jumio, allowing the company to continue expanding upon its innovation, while for its customers, this partnership provides global support and scale with the same service levels.

According to a statement, Jumio’s market-leading, artificial intelligence (AI)-powered solutions have reached record-breaking high automation and quality rates.

“Jumio’s mission to make the internet a safer place relies on the ongoing development of innovative fraud prevention solutions to thwart cybercriminals and their increasingly sophisticated tactics.

“Now more than ever, when our automation and quality rates have reached record levels, partnering with NextWealth enables us to focus on our core business and technology objectives and support our customers wherever they do business across the globe,” said Jumio Chief Technology Officer, Stuart Wells.

Meanwhile, NextWealth Chief Executive Officer, Mythily Ramesh said the partnership between NextWealth and Jumio will further cement its position as one of the largest pure play, AI/machine learning (ML)-driven data services players in the country.

“NextWealth’s portfolio of digital solutions and service offerings will provide Jumio international level quality, with the flexibility to manage business fluctuations in a secure business ecosystem,” added Ramesh.

NextWealth will take a lead role in providing back-office operations for Jumio and ensure seamless continuity of business.

In addition, their proven track record of hiring, developing and retaining top talent at scale, and executing with world-class quality, will allow Jumio to scale its operations securely.

-- BERNAMA

Vonage Selected By CO-OP KINKI To Enhance Customer Engagement, Security

KUALA LUMPUR, Oct 10 (Bernama) -- Vonage, a global leader in cloud communications and a part of Ericsson, has been chosen by CO-OP KINKI, a consumer’s cooperative based in Japan, to enhance customer engagement and security with simple, seamless two-factor authentication powered by the Verify API.

According to a statement, the Vonage Verify Application Programming Interface (API) enables members to safely use the “efriends” Internet service operated by CO-OP KINKI to shop directly from their computers and mobile phones.

“We are thrilled to provide innovative businesses like CO-OP KINKI with the solutions they need to provide customers with better connections, communications and engagements.

“The Vonage Verify API allows efriends members to enjoy their shopping experience, knowing that CO-OP KINKI has taken steps to secure their accounts and provide safeguards against fraud,” said Vonage Country Manager, Japan, Tetsuro Nishimura.

Meanwhile, CO-OP KINKI Internet Business Group, Shinichirou Kusumoto said: “Embedding the Vonage Verify API into the efriends service platform not only helped shield our members against the threat of unauthorised access and security, but also increased the reliability of the service.”

By implementing two-factor authentication (2FA) and rigorous identity verification, CO-OP KINKI aims to protect members from fraud and enhance customer loyalty. Vonage’s patented 2FA technology helps protect against fraud, build trust, and increase conversion across multiple channels.

Using just a phone number, Vonage generates pin codes and employs short messaging service (SMS) and voice channels to enable CO-OP KINKI to authenticate new and existing customers throughout Japan.

The Vonage Communications Platform (VCP) has more than one million registered developers and offers a full suite of programmable voice, video, messaging, and email services to forward-thinking businesses throughout the Asia Pacific market and worldwide.

-- BERNAMA

CONSERVATIVE APPROACH BY CHINESE INSURERS ON INVESTMENT TRENDS - AM BEST

KUALA LUMPUR, Oct 11 (Bernama) -- Declining interest rates in China have led to narrowing spreads and increased reinvestment risk for domestic insurance companies, according to a new AM Best report, placing a greater onus on insurers’ asset-liability management.

The Best’s Special Report, “Chinese Insurers’ Investment Trends Remain Conservative”, states that with yields of 10-year government bonds remaining below three per cent over the past two years, they no longer meet the assumed rate-of-return requirements for some long-term protection products.

Furthermore, the proportion of participating policies by gross premium revenue declined in recent years, shrinking insurers’ buffer to absorb investment risk in the current in-force portfolios.

“To address the risk of negative spread, insurers have extended the duration of their assets, but high-quality, long-duration domestic investment instruments remain relatively scarce, leading to reinvestment risk,” said AM Best director, analytics, James Chan in a statement.

Overall, the investable portfolio of China’s insurance industry grew by 10 per cent year over year, with a stable asset mix according to China’s financial regulator.

The proportion of bonds has increased gradually since the start of 2022 and remains the largest asset class, accounting for 43 per cent, while life insurance companies account for approximately 90 per cent of the Chinese insurance industry’s overall investments.

Insurers also made alternative investments, seeking stable returns that are often higher than returns on traditional fixed-income securities such as government bonds, though many have more complex and opaque structures.

Despite recent regulatory initiatives, the global rating agency AM Best expects insurers to maintain a cautious approach toward increasing their equity exposures.

The report states that participating products should see stronger growth momentum as policyholders find potential upside in profit-sharing more appealing and competitive than traditional products with lower rates.

AM Best expects the segment to enhance its value proposition by strengthening product coverage and service quality tailored to changing customer needs, rather than competing over return rates as benefits.

-- BERNAMA

VINCSS: APAC PASSWORDLESS LEADER WITH 2ND FROST AND SULLIVAN AWARD; GEARS UP FOR SERIES B FUNDING

SAN ANTONIO, Oct 9 (Bernama-GLOBE NEWSWIRE) -- Following a research of the passwordless authentication landscape, Frost & Sullivan has awarded VinCSS the 2023 Asia-Pacific New Product Innovation Award. Based in Ho Chi Minh City, Vietnam, VinCSS stands out as a pioneer in leveraging FIDO2 standards for passwordless authentication, focuses on providing cybersecurity solutions for IT, IoT, and Automotive.

Leading the APAC Region Since 2018, VinCSS, ​​a subsidiary of Vingroup, has evolved from a startup to a leader in innovative product development and diversification within cybersecurity industry. Specializing in IT security, identity and access management, IoT security, automotive cybersecurity, VinCSS is consistently breaking new ground. This was recently underscored by their receipt of the 2023 Asia-Pacific New Product Innovation Award from Frost & Sullivan, highlighting their innovation, especially in passwordless authentication. VinCSS offers comprehensive passwordless authentication solutions through its FIDO2 Ecosystem, strengthening cybersecurity and bringing a significant upgrade in authentication. The company helps businesses follow authentication rules while making their operations more efficient. VinCSS's IoT FDO (FIDO device onboarding) solution seamlessly integrates its products across physical, cyber-physical domains. Using an automated and asymmetric protocol, it securely sets up devices, addressing IoT security needs. Tailored for automated factories, smart cities… it offers scalable authentication solutions for complex digital infrastructures. With full control over its product lineup, VinCSS offers competitive pricing. This strategy solidifies its leading role in passwordless authentication market.  Anh Tien Vu, global cybersecurity industry principal at Frost & Sullivan, observed, “VinCSS sets itself apart from many competitors with a unique and innovative approach that enables customers to deploy its products across different environments, including IT, IoT, and OT, while competitors only focus on addressing identity security challenges for the workforce.” “VinCSS's customer-centricity is evident in its commitment to innovation and evolution, aligning its products with current and future requirements. As a result, the company is increasingly recognized in the industry with an increasing number of domestic, international customers and partners,” added Vu.  In a short span since 2022, when VinCSS clinched the Enabling Technology Leadership Award for SEA Passwordless Authentication from Frost & Sullivan, they've catapulted to 2023, now hailed as APAC's leader for New Product Innovation. Simon Trac Do, CEO and Founder of VinCSS, reflected, “Be it 5 years or a decade since our inception, our startup spirit burns brighter than ever. We're continuously evolving, and this accolade is a testament to our dedication. We remain, as always, the industry's trusted partner." VinCSS's solutions have made significant inroads in both domestic and global markets, consistently receiving accolades. Beyond being a respected name in cybersecurity, VinCSS is emerging as a prime investment opportunity. As it approaches its financial break-even point and launches its Series B funding round, the company presents significant growth prospects. https://www.globenewswire.com/NewsRoom/AttachmentNg/675acbf3-214d-49e9-b03b-d06003241a1e https://www.globenewswire.com/NewsRoom/AttachmentNg/5100ca84-7802-4a92-8444-cd5e77bcb071 Contact: v.office@vincss.net SOURCE : VinCSS Internet Security Services JSC

NEGATIVE OUTLOOK FOR INDONESIA'S NON-LIFE INSURANCE SEGMENT - AM BEST

KUALA LUMPUR, Oct 9 (Bernama) -- Global credit rating agency, AM Best, is maintaining a negative outlook on the Indonesia non-life insurance segment, citing heightened reinsurance credit risk and potential pressure on underwriting margins owing to rising reinsurance costs and more-restrictive coverages.

In the new Best’s Market Segment Report, “Market Segment Outlook: Indonesia Non-Life Insurance”, states that the primary non-life market’s exposure to reinsurance counterparty credit risk has worsened as the financial strength of several domestic reinsurers has deteriorated in recent years due to outsized losses in their life, health and credit insurance lines.

The rating agency expects primary insurers’ underwriting margins to come under pressure because of the hardening reinsurance market as well.

AM Best associate director, analytics, Chris Lim said as an alternative to paying higher reinsurance costs, Indonesia’s insurers may choose to increase their retention levels.

“However, doing so increases income volatility, insurers will bear greater exposures to catastrophe risks given that the country is prone to natural disasters such as earthquakes and floods,” he said in a statement.

Underwriting losses in the credit insurance line of business, as well as slower premium growth in the property insurance line and rising health insurance claims, also are factors in the negative outlook.

Over the long term, AM Best expects the non-life segment’s expansion to be supported by the country’s economic growth, and particularly as Indonesia continues to develop its insurance market and increase non-life insurance penetration.

-- BERNAMA

eXp Realty Taps Real Estate Veteran Bryon Ellington To Revolutionize Agent-Driven Learning

Award-winning business development, operations leader to serve as Chief Learning Officer in this newly created role

BELLINGHAM, Wash., Oct 6 (GLOBE NEWSWIRE) -- eXp Realty®, “the most agent-centric real estate brokerage on the planet™” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced the appointment of Bryon Ellington as Chief Learning Officer, responsible for developing custom, agent-driven training and coaching.

Ellington, a seasoned professional with more than 20 years of experience in real estate and coaching, brings a wealth of knowledge and expertise to eXp Realty. He will focus on developing agent-driven training at every level, setting a new standard for success in the real estate industry.

“Bryon's dedication to agent success aligns perfectly with our values, and he excels at driving growth and new revenue streams,” said Glenn Sanford, Founder and CEO of eXp Realty. “Under his leadership, eXp Realty will become the leading brokerage in training, with a focus on delivering the best education and resources to help our agents excel. Throughout his career, Bryon has helped numerous agents achieve incredible accolades, increase productivity metrics and grow their businesses.”

Ellington’s passion is helping entrepreneurs in the real estate space build businesses beyond their dreams. “I am excited to join the eXp Realty team and contribute to its mission of empowering agents to reach their full potential,” he said. “Whether you are a new agent or lead a massive team, with eXp you can continue to grow your business to exceed your goals.”

Ellington’s impressive tenure includes notable executive roles most recently as Chief Operating Officer and Chief Development Officer at Century 21. He also held positions at Keller Williams, as Chief Product Officer and Chief Operating Officer of the KW Worldwide International Franchising division. Additionally, he served as Chief Learning Officer, where his achievements earned him the distinction of winning the Training magazine T125 Top Training Companies award for four consecutive years and induction into the Hall of Fame.

Earlier in his career, at Anywhere (Realogy), he successfully created and led the training and coaching divisions for all their franchise brands and company-owned operations.

About eXp World Holdings, Inc.
eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty®, Virbela® and SUCCESS® Enterprises.

eXp Realty is the largest independent real estate company in the world with more than 89,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, Dominican Republic, Greece, New Zealand, Chile, Poland and Dubai and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by Virbela, an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. SUCCESS® Enterprises, anchored by SUCCESS® magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.

For more information, visit https://expworldholdings.com.

Safe Harbor Statement

The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K.

Media Relations Contact:

eXp World Holdings, Inc.

mediarelations@expworldholdings.com

Investor Relations Contact:

Denise Garcia

investors@expworldholdings.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ba1c70f4-dd70-43ad-b440-7b1197f7200d

Source: eXp Realty

Planview Commissioned Study: Companies Fall Short Of Achieving Strategic Objectives

KUALA LUMPUR, Oct 4 (Bernama) -- New research commissioned by Planview, a global leader in Portfolio and Value Stream Management, revealed that companies risk wasting millions annually due to failed strategy implementation, as digital transformation investments skyrocket.

The findings of a global study, “Bridging the gap: turning strategy into reality” conducted by Economist Impact, the research arm of The Economist, uncovers common disconnects in strategy implementation leading to failures in critical digital initiatives.

Furthermore, the findings show a stark reality, whereby if businesses do not accelerate efforts to close the gap between strategy and action, the consequences are significant which include wasted work, sunk costs, failed digital transformations, and the threat of becoming obsolete.

“With economic uncertainties, market disruptions, the rapid advancement of technologies like AI, and the growing digitalisation imperative impacting every industry, the pace of change and complexity of decision-making is growing exponentially.

“Companies must be able to prioritise their initiatives in a capital and capacity-constrained environment, quickly analyse and adapt their project and product initiatives, making critical decisions that drive important outcomes,” said Planview Chief Executive Officer, Razat Gaurav in a statement.

Alarmed by the inefficiency and waste in digitalisation, Economist Impact undertook a global survey of 600 executives across seven countries and six industries including business & professional services, financial services and healthcare & life sciences.

Among the findings revealed, only 14 per cent of executives expressed confidence in their company’s decision-making governance; 84 per cent of them need to improve data-driven decision-making; and critically, only 20 per cent are confident in the resources allocated for implementation.

The Economist Impact research outlines an interconnected and interdependent framework for driving change to address these disconnects.

Serving as a blueprint for bridging the strategy-implementation gap, the report is focused on five recommendations namely alignment, accountability, resourcing, agility and culture.

-- BERNAMA

INVNT To Bring On Stage Exceptional Stories At SXSW Sydney Festival

KUALA LUMPUR, Oct 4 (Bernama) -- INVNT, the global live brand storytelling agency will host and curate the “Discovery Stage” at the upcoming SXSW Sydney festival from Oct 18 to 21, at the Tech and Innovation Expo of the International Convention Centre Sydney.

“INVNT is thrilled to be partnering with SXSW Sydney to bring on stage the stories of innovators, pioneers, and creators within the ever-changing landscape,” said [INVNT GROUP] APAC managing director, Laura Roberts.

Meanwhile, SXSW Sydney Head of Conference Programming, Fenella Kerneborne, and Head of Tech & Innovation, Caroline Pegram said: “We are looking forward to working with INVNT to deliver an exclusive line-up that will give audiences a glimpse of possible futures, steered by all things transformative in technology and innovation.” 

The partnership affirmed INVNT’s position in the market as tech and innovation leaders, as they continue to deliver best-in-class experiences at the intersection of live, digital and content, and provide innovative brand storytelling.

According to a statement, attendees will get a glimpse into the future at a stage dedicated to world-class innovation, technology and the rapidly expanding world of Web3 at SXSW’s APAC debut this October.

Centred around innovation and future-forward thinking conversation, the stage will consist of speakers, panels and networking opportunities where exceptional visions are shared and ideas for the future are born.

Founded in 2008 by Scott Cullather and Kristina McCoobery, INVNT uses the craft of live brand storytelling to create and produce live experiences that excite and unite physical and virtual audiences, globally. 

-- BERNAMA

GSR Secures In-principle Approval For Singapore Major Payment Institution Licence

KUALA LUMPUR, Oct 3 (Bernama) -- GSR, the global cryptocurrency trading firm and liquidity provider, announced its Singapore subsidiary, GSR Markets Pte Ltd (GSR Singapore) has received In-Principle Approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution licence.

According to a statement, this licence represents a milestone in the group’s regulatory journey and allows GSR Singapore to better serve the cryptocurrency community.

“We are immensely grateful to MAS for their constructive oversight, which helps shape a growing digital asset ecosystem that we feel proud to be a substantial part of,” said GSR Group Chief Executive Officer, Jakob Palmstierna.

Meanwhile, the group’s Chief Operating Officer, Xin Song said: “We are delighted to be recognised as one of the first firms of our type to be granted this In-Principle Approval from an internationally respected regulator such as MAS.

“MAS has led the way providing a clear framework for digital asset utility, enabling us to deepen our local client partnerships, and continue in our critical role as a liquidity provider within the ecosystem.”

GSR is proud to have met the rigorous admission requirements set by MAS and will be working diligently towards a full licence.

The company remains committed to growing its presence in Singapore, leveraging it as a hub in Asia Pacific to invest in entrepreneurs across the region, and encouraging adoption of Web 3.0 technologies.

-- BERNAMA

NANOSTRING, A*STAR'S GIS, NLG TO SET UP SPATIAL BIOLOGY LABORATORY IN SINGAPORE

KUALA LUMPUR, Oct 4 (Bernama) -- NanoString Technologies Inc, a leader in spatial biology, has entered into a collaboration with Agency for Science,Technology and Research (A*STAR)’s Genome Institute of Singapore (GIS), and Next Level Genomics (NLG), to establish a joint laboratory in Singapore.

According to NanoString in a statement, the joint laboratory focuses on the application of spatial biology to identify biomarkers that can predict disease progression and treatment response.

The new lab, called the Spatial Atlas of Clinical Evolution of Disease (SpACE-Dx) lab, will harness spatial multiomic (gene and protein expression) technologies to drive research in complex diseases, with a primary focus on cancer.

The SpACE-Dx lab will be situated within A*STAR’s GIS facility, accessible to the local research community, aiming to foster collaboration and accelerate advancements in spatial genomics research.

NanoString Director of Sales for Asia Pacific and Japan, Dr Jay Manikandan said: “We are delighted to partner with A*STAR’s GIS and NLG, taking the next step forward to support our mission to advance science and improve health.

“As a leader in spatial biology with the most powerful laboratory tools available on the market today, including the CosMx SMI, GeoMx DSP, and AtoMx platforms, we see the joint lab as an important resource for our customers in Singapore and the greater region.”

NanoString’s platforms allow researchers to measure the multi-modal expression of genes and proteins in the natural context of tissue structure, including diseased cells such as cancer cells and the cells within their microenvironment (stromal and immune cells).

The technologies enable scientists to determine how cells change and interact during the development and progression of disease.

A*STAR brings to the table its advanced scientific infrastructure and expertise in genomics research, sequencing technologies, data analytics, and spatial omics in the areas of translational cancer biology, infectious disease, and neurobiology.

Meanwhile, NLG, the provider of next-generation sequencing services focused on long-read technologies, will provide the laboratory expertise in spatial genomics utilising NanoString instruments to aid researchers in applying cutting-edge spatial technology to their ongoing research.

-- BERNAMA

CLOUDFLARE RELEASES SASE ALL CONNECTIVITY ELEMENTS TO GENERAL PUBLIC

KUALA LUMPUR, Oct 4 (Bernama) -- Cloudflare Inc, the connectivity cloud company, announced all connectivity elements of its single-vendor secure access service edge (SASE) platform, Cloudflare One, are now generally available.

According to a statement, Cloudflare’s SASE offering addresses both security and networking transformation requirements without adding complexity, a crucial differentiator in protecting today’s hybrid workforce.

“The GA of Magic WAN Connector on Cloudflare One represents our ability to enable business productivity that is secure at speed, from one of the most comprehensive SASE solutions available today,” said its co-founder and chief executive officer, Matthew Prince.

Cloudflare One allows customers to adopt SASE as it fits their existing deployments including native single-vendor deployments with Cloudflare, or by leveraging existing SD-WAN deployments.

Cloudflare’s branch appliance, Magic WAN Connector, can be pre-installed on hardware delivered by TD SYNNEX, a global distributor and solutions aggregator for the information technology (IT) ecosystem, or installed within organisations’ existing environments.

Every day, enterprise technology leaders bring together thousands of people, devices, clouds, systems, applications, and networks to support a new business imperative, that is the digital imperative, to work, develop, and deliver everything everywhere.

Cloudflare’s branch appliance and networking-as-a-service, are built natively upon its connectivity cloud, which simplifies deployment for enterprises and improves network and security staff efficiency; security posture; administrator and user experience; as well as control over IT environments.

-- BERNAMA

AM Best To Sponsor Annual Conference In Indonesia

KUALA LUMPUR, Oct 2 (Bernama) -- Global credit rating agency, AM Best will sponsor, exhibit and join a panel discussion at the 27th Indonesia Rendez-Vous Conference, from Oct 11 to 14 in Bali, Indonesia.

AM Best Associate Director, Chris Lim will participate in the panel session, titled “Managing Insurers’ Profitability from Portfolio Optimization, Risk Management Framework and Product Innovation and Financial Strength Indicators”, during the conference.

In a statement, the rating agency said the discussion is scheduled on Oct 12, with panel includes Zurich Indonesia Chief Executive Officer, Edhi Tjahja Negara and McKinsey & Company partner, Elysia Chan.

AM Best is a silver sponsor of the Indonesia Rendez-Vous, which will take place at the Bali Nusa Dua Convention Center, in which the conference is held each year and is one of the leading events of the General Insurance Association of Indonesia.

Themed “Changes Ahead: Regulatory Convergence Toward Market Confidence”, the conference enable attendees to receive more information about AM Best, its role in the insurance industry and the resources it offers to insurance professionals, including Best’s credit ratings.

-- BERNAMA

Getvisibility Obtains IMDA Accreditation, Opens New Singapore Office

KUALA LUMPUR, Oct 2 (Bernama) -- Getvisibility, a global provider of data security and compliance solutions, announced it has been awarded the prestigious accreditation by the Infocomm Media Development Authority of Singapore (IMDA). 

This accreditation reinforces Getvisibility's commitment to delivering cutting-edge data security solutions in Southeast Asia, a significant milestone in its expansion into the Singaporean market. 

The IMDA Accreditation programme recognised Getvisibility's dedication to uphold the highest standards of data protection and compliance. Being accredited, Getvisibility joins a select group of companies that provides data security solutions in Singapore, demonstrating the company's expertise and trustworthiness in the field.

“This recognition underscores our unwavering commitment to helping organisations in Singapore protect their data, ensuring they meet the regulatory requirements.

“We are dedicated to providing innovative, AI-powered solutions that empower businesses to navigate the complex landscape of data security and compliance,” said Getvisibility Chief Executive Officer, Mark Brosnan in a statement.

Meanwhile, IMDA Director of Enterprise and Ecosystem Development, Edwin Low said: “With their leading AI and machine learning solution, we envision that government agencies and enterprises can work seamlessly within their organisation for real time, accurate data discovery and classification of documents.”

In conjunction with this announcement, the company has launched its new Singapore office, serve as the regional headquarters for its operations in Southeast Asia, enabling the company to better support its growing customer base and collaborate more closely with local partners.

Getvisibility's entry into the Singaporean market aligns with the company's global mission to revolutionise data security and compliance with cutting-edge technology.

As a trusted partner for organisations worldwide, Getvisibility is poised to make a substantial impact in Southeast Asia by offering best-in-class solutions for data protection and regulatory compliance.

-- BERNAMA

PUBMATIC’S ACTIVATE AVAILABLE IN ASIA PACIFIC

KUALA LUMPUR, Oct 3 (Bernama) -- PubMatic, an independent technology company delivering digital advertising’s supply chain of the future, announced the availability of its newest offering, Activate, in the Asia Pacific (APAC) region.

PubMatic’s new end-to-end supply path optimisation (SPO) solution allows buyers to execute non-bidded direct deals on its programmatic platform, accessing premium video and connected TV (CTV) inventory at scale.

“PubMatic’s launch of Activate in the Asia Pacific region marks a significant milestone in our efforts to revolutionise the industry’s programmatic marketplace.

“Activate is an extension of our successful SPO strategy that addresses advertiser demand for solutions that deliver a better return on video and CTV investments,” said PubMatic Co-Founder and Chief Executive Officer, Rajeev Goel in a statement.

Since launching in the United State and Europe, the Middle East and Africa (EMEA) in May, Activate has gained traction across every region, with an active pipeline of over 50 advertisers, agencies, and campaigns live through multiple global agency holding companies.

Following this success, the solution is being launched in the APAC region with partners including dentsu APAC, iQIYI, KINESSO India, Madison Digital, and Wishmedia.

Activate represents a new industry paradigm by creating a single layer of technology that directly connects buyers and sellers of digital media, allowing a smooth shift from conventional direct transactions to programmatic private marketplace or programmatic guaranteed deals.

The platform gives media buyers more control over their omnichannel video investments by facilitating transactions across PubMatic’s premium CTV and online video inventory within a unified platform. Activate represents a nearly US$65 billion expansion of its total addressable market. (US$1=RM4.72)

Built leveraging technology from PubMatic’s 2022 acquisition of Martin, Activate is fully integrated into the company’s growing software suite, including the PubMatic Sell-Side Platform and Connect.

-- BERNAMA

TDCX Expands In Europe Via Two New Healthtech Clients

KUALA LUMPUR, Oct 2 (Bernama) -- TDCX, a digital customer experience (CX) solutions provider for technology and blue-chip companies, has continued its growth trajectory with the addition of two new clients in Europe.

According to a statement, the new clients are both from the healthcare technology (healthtech) sector, a vertical that TDCX is making inroads into.

Its Founder and Chief Executive Officer, Laurent Junique said Europe is a strategically important market for the company as it not only has the right conditions for an outsourcing location but also several tailwinds, which includes the growth in sectors such as healthtech, gaming and e-commerce.

“Over the last few years, we have built up our capabilities in Europe. We are seeing results from our investments into the region, as we gain recognition from local clients and make headway into new verticals,” he said.

Meanwhile, its Executive Vice President, EMEA, Sophie Chelmick said: "We are proud to be supporting two global brands in driving exceptional CX in Europe. These client wins are a testament to TDCX’s strengths in providing effective outsourced CX services and our ability to leverage our expertise across the Group to develop tailored solutions for clients in different locations.

For one client, TDCX will be providing customer support to individuals with specific medical needs and for the other, helping medical practitioners understand how to use sophisticated medical devices.

The company will also be supporting both clients in customer feedback management, process improvement, and training and development.

In just 12 weeks, it will put together a team of skilled multilingual CX professionals and train them to serve customers across four European countries, namely the United Kingdom, France, Norway and Denmark.

In the first half of this year, TDCX has already seen an 85 per cent year-on-year increase in revenue from Europe.

The company has also hired local talent who are skilled in the areas of digital advertising and e-commerce building up the team to a more than 400 strong group of diverse individuals. Meantime, to support its expanding operations, TDCX plans to grow its workforce in Spain by tapping the diverse talent pool in Europe.

-- BERNAMA