NEW YORK, Nov 14 (Bernama-BUSINESS WIRE) -- Medidata, a Dassault Systèmes brand and the leading provider of clinical trial solutions to the life sciences industry, has been recognized as a leader in Everest Group's first-ever Life Sciences Clinical Trial Management System Products PEAK Matrix® Assessment 2024. The report assessed 13 providers based on the market impact of their products and their ability to deliver successful, high-quality offerings.
Medidata Rave CTMS leads the industry by providing seamless, real-time patient data outputs that transform enrollment tracking and enable faster, data-driven decisions. Offering instant visibility for study teams, Rave CTMS streamlines collaboration, eliminates manual data entry, and accelerates trial timelines with exceptional accuracy.
“We are honored to be recognized as the highest leader in CTMS by Everest Group,” said Tom Doyle, chief technology officer, Medidata. “This accolade underscores our unwavering commitment to transforming research and reaffirms our strategy to deliver new, AI-powered experiences that reshape how organizations design, plan, and manage trials end-to-end with the greatest impact.”
Added Doyle, “In 2025, Medidata will embed AI-driven insights within study planning and execution solutions, enabling simulation of trial design, process simplification, and enhanced efficiency.”
Medidata is the only provider to be named a leader in Everest Group’s CTMS, electronic data capture (EDC) and decentralized clinical trial (DCT) assessments for its Medidata Rave EDC, Medidata Platform, and its work in DCT.
For more information, visit our website.
About Medidata
Medidata is powering smarter treatments and healthier people through digital solutions to support clinical trials. Celebrating 25 years of ground-breaking technological innovation across more than 34,000 trials and 10 million patients, Medidata offers industry-leading expertise, analytics-powered insights, and the largest patient-level historical clinical trial data set in the world. More than 1 million registered users across approximately 2,200 customers trust Medidata’s seamless, end-to-end platform to improve patient experiences, accelerate clinical breakthroughs, and bring therapies to market faster. A Dassault Systèmes brand (Euronext Paris: FR0014003TT8, DSY.PA), Medidata is headquartered in New York City and has been recognized as a Leader by Everest Group and IDC. Discover more at www.medidata.com and follow us @Medidata.
About Dassault Systèmes
Dassault Systèmes is a catalyst for human progress. We provide business and people with collaborative virtual environments to imagine sustainable innovations. By creating virtual twin experiences of the real world with our 3DEXPERIENCE platform and applications, our customers can redefine the creation, production and life-cycle-management processes of their offer and thus have a meaningful impact to make the world more sustainable. The beauty of the Experience Economy is that it is a human-centered economy for the benefit of all – consumers, patients and citizens. Dassault Systèmes brings value to more than 350,000 customers of all sizes, in all industries, in more than 150 countries. For more information, visit www.3ds.com.
© Dassault Systèmes. All rights reserved. 3DEXPERIENCE, the 3DS logo, the Compass icon, IFWE, 3DEXCITE, 3DVIA, BIOVIA, CATIA, CENTRIC PLM, DELMIA, ENOVIA, GEOVIA, MEDIDATA, NETVIBES, OUTSCALE, SIMULIA and SOLIDWORKS are commercial trademarks or registered trademarks of Dassault Systèmes, a European company (Societas Europaea) incorporated under French law, and registered with the Versailles trade and companies registry under number 322 306 440, or its subsidiaries in the United States and/or other countries. All other trademarks are owned by their respective owners. Use of any Dassault Systèmes or its subsidiaries trademarks is subject to their express written approval.
About Everest Group
Everest Group is a leading global research firm helping business leaders make confident decisions. Everest Group's PEAK Matrix® assessments provide the analysis and insights enterprises need to make critical selection decisions about global services providers, locations, and products and solutions within various market segments. Likewise, providers of these services, products, and solutions look to the PEAK Matrix® to gauge and calibrate their offerings against others in the industry or market. Find further details and in-depth content at www.everestgrp.com.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20241112190210/en/
Contact
Medidata PR
Medidata.PR@3ds.com
Analyst Relations
Medidata.AR@3ds.com
Source : Medidata
--BERNAMA
Thursday, 14 November 2024
Wednesday, 13 November 2024
VRAD UNVEILS TWO VIRTUAL REALITY-BASED MEDICAL SIMULATORS FOR GLOBAL MARKETS
KUALA LUMPUR, Nov 13 (Bernama) -- VRAD Co Ltd has announced its entry into international markets by launching two widely recognised Korean-developed virtual reality (VR)-based simulators, NS_Core, a nursing skills education simulator, and IP_Trauma, a trauma patient care simulator.
According to VRAD in a statement, these products support a broad range of languages, including Korean, English, Vietnamese, Thai, Indonesian, Chinese, Japanese, Kazakh, and German, with Spanish and French language support anticipated by the end of the year.
NS_Core is an immersive clinical simulation solution designed for nursing skill training using Meta's virtual reality headset, allowing users to perform a variety of clinical exercises in a VR environment with simulated patients.
This solution offers an innovative approach to addressing the challenges of hands-on medical training within nursing school curricula by providing a metaverse-based virtual training space.
Developed through a collaboration between general hospitals and university nursing departments, NS_Core enables intensive, repetitive practice on 20 essential nursing skills, significantly enhancing clinical performance among nursing students.
Meanwhile, IP_Trauma offers a comprehensive VR training environment for medical personnel to acquire and refine essential trauma care skills, areas traditionally challenging to practice effectively.
Developed in partnership with several prominent Korean universities and hospitals, it is an immersive clinical simulation platform featuring reactive scenario simulations, where outcomes vary based on the user’s choices and actions. It also adheres to the globally recognised Advanced Trauma Life Support (ATLS) protocol standards.
Within the IP_Trauma simulator, multiple users can communicate in real time, practicing critical decision-making and trauma care techniques in a virtual environment. The simulation covers over 40 procedural steps, from pre-hospital preparation to patient transfer to the operating room.
Currently recognised as a leading VR medical technology provider in Korea, VRAD’s products are actively used in over 90 medical and educational institutions, both domestically and internationally.
-- BERNAMA
According to VRAD in a statement, these products support a broad range of languages, including Korean, English, Vietnamese, Thai, Indonesian, Chinese, Japanese, Kazakh, and German, with Spanish and French language support anticipated by the end of the year.
NS_Core is an immersive clinical simulation solution designed for nursing skill training using Meta's virtual reality headset, allowing users to perform a variety of clinical exercises in a VR environment with simulated patients.
This solution offers an innovative approach to addressing the challenges of hands-on medical training within nursing school curricula by providing a metaverse-based virtual training space.
Developed through a collaboration between general hospitals and university nursing departments, NS_Core enables intensive, repetitive practice on 20 essential nursing skills, significantly enhancing clinical performance among nursing students.
Meanwhile, IP_Trauma offers a comprehensive VR training environment for medical personnel to acquire and refine essential trauma care skills, areas traditionally challenging to practice effectively.
Developed in partnership with several prominent Korean universities and hospitals, it is an immersive clinical simulation platform featuring reactive scenario simulations, where outcomes vary based on the user’s choices and actions. It also adheres to the globally recognised Advanced Trauma Life Support (ATLS) protocol standards.
Within the IP_Trauma simulator, multiple users can communicate in real time, practicing critical decision-making and trauma care techniques in a virtual environment. The simulation covers over 40 procedural steps, from pre-hospital preparation to patient transfer to the operating room.
Currently recognised as a leading VR medical technology provider in Korea, VRAD’s products are actively used in over 90 medical and educational institutions, both domestically and internationally.
-- BERNAMA
Tuesday, 12 November 2024
LREIT REPORTS 11.4 PCT RETAIL RENTAL REVERSION IN 1Q FY2025
KUALA LUMPUR, Nov 12 (Bernama) -- Managed by Lendlease Global Commercial Trust Management Pte Ltd (Manager), Lendlease Global Commercial REIT (LREIT), has posted a positive rental reversion of 11.4 per cent in its first quarter (1Q) business update for fiscal year 2025 (FY2025).
LREIT, in a statement, said its portfolio committed occupancy continued to improve in 1Q FY2025 to 89.5 per cent from 89.1 per cent in the fourth quarter for fiscal 2024 (FY2024).
In the first three months of FY2025, the lease expiry profile remained well-staggered, with 6.4 per cent by net lettable area (NLA) and 12.1 per cent by gross rental income (GRI) due for renewal in FY2025.
LREIT has maintained a long portfolio weighted average lease expiry (WALE) of approximately 7.4 years by NLA and 4.7 years by GRI, respectively.
The committed occupancy for its retail portfolio remained high at 99.9 per cent, with a positive rental reversion of 11.4 per cent and a healthy tenant retention rate of 90.0 per cent as at Sept 30. Tenant sales in 1Q FY2025 continued to trend above pre-COVID-19 average levels.
Notwithstanding the high occupancy rate, the Manager stays focused on strengthening the tenancy mix and bringing in new offerings to rejuvenate the malls. New tenants brought onboard include Tims Signature, Eclaire & Savoir Cafe and Slow Green.
As at Sept 30, office tenants accounted for approximately 21 per cent of portfolio GRI with a long WALE of 12.2 years by NLA and 14.5 years by GRI.
The Manager continues to see good leasing interests for Building 3 of Sky Complex. For the quarter, committed occupancy rate for Sky Complex improved to 75.0 per cent and the Manager is in advanced negotiations with potential tenants as it continues to drive leasing of Building 3 at market rental.
Meanwhile, interest coverage ratio (ICR) as at the period end was 2.9 times, providing a sufficient buffer from its debt covenants of 2.0 times. Approximately 70 per cent of borrowings are hedged to fixed rates as at Sept 30 with a weighted average cost of debt of 3.74 per cent per annum, mainly due to the replacement of EURIBOR interest rate hedge at a higher rate in October 2023.
Moreover, LREIT achieved first position in GRESB Asia Retail (Listed) category for five consecutive years since listing for its environmental, social and governance (ESG) performance and strong leadership in sustainability.
-- BERNAMA
LREIT, in a statement, said its portfolio committed occupancy continued to improve in 1Q FY2025 to 89.5 per cent from 89.1 per cent in the fourth quarter for fiscal 2024 (FY2024).
In the first three months of FY2025, the lease expiry profile remained well-staggered, with 6.4 per cent by net lettable area (NLA) and 12.1 per cent by gross rental income (GRI) due for renewal in FY2025.
LREIT has maintained a long portfolio weighted average lease expiry (WALE) of approximately 7.4 years by NLA and 4.7 years by GRI, respectively.
The committed occupancy for its retail portfolio remained high at 99.9 per cent, with a positive rental reversion of 11.4 per cent and a healthy tenant retention rate of 90.0 per cent as at Sept 30. Tenant sales in 1Q FY2025 continued to trend above pre-COVID-19 average levels.
Notwithstanding the high occupancy rate, the Manager stays focused on strengthening the tenancy mix and bringing in new offerings to rejuvenate the malls. New tenants brought onboard include Tims Signature, Eclaire & Savoir Cafe and Slow Green.
As at Sept 30, office tenants accounted for approximately 21 per cent of portfolio GRI with a long WALE of 12.2 years by NLA and 14.5 years by GRI.
The Manager continues to see good leasing interests for Building 3 of Sky Complex. For the quarter, committed occupancy rate for Sky Complex improved to 75.0 per cent and the Manager is in advanced negotiations with potential tenants as it continues to drive leasing of Building 3 at market rental.
Meanwhile, interest coverage ratio (ICR) as at the period end was 2.9 times, providing a sufficient buffer from its debt covenants of 2.0 times. Approximately 70 per cent of borrowings are hedged to fixed rates as at Sept 30 with a weighted average cost of debt of 3.74 per cent per annum, mainly due to the replacement of EURIBOR interest rate hedge at a higher rate in October 2023.
Moreover, LREIT achieved first position in GRESB Asia Retail (Listed) category for five consecutive years since listing for its environmental, social and governance (ESG) performance and strong leadership in sustainability.
-- BERNAMA
Saturday, 9 November 2024
Perma-Pipe Lands US$15 Mln In New Project Awards In MENA, Americas
KUALA LUMPUR, Nov 7 (Bernama) -- Perma-Pipe International Holdings Inc has secured new project awards totalling US$15 million across the Middle East and North Africa (MENA) region and the Americas. (US$1=RM4.39)
In a statement, the company said it has been awarded US$6 million in new projects in the MENA region and US$9 million in the Americas, demonstrating continual improvement in the region.
These new project awards will utilise Perma-Pipe’s anti-corrosion coatings capabilities and the XTRU-THERM insulation system, a spray-applied polyurethane foam jacketed with a high-density polyethylene casing.
“Growth in all regions has been part of our overall strategy, and we are proud to see this coming together, enabling Perma-Pipe to continue strengthening its leading market position,” said Perma-Pipe President and Chief Executive Officer, David Mansfield.
These new project awards further complement the company’s backlog which has grown significantly from US$75.0 million at July 31 to over US$100.0 million currently.
The MENA projects mainly focus on district energy infrastructure in the Gulf Cooperation Council (GCC) region, while the Americas awards demonstrate the buoyancy in the Americas market and the continual strengthening of the company’s position in the United States (US) and Canada.
Perma-Pipe is a global leader in pre-insulated piping and leak detection systems for oil and gas, district heating and cooling, and other applications, has operations at 15 locations in six countries.
-- BERNAMA
Friday, 8 November 2024
Jumio’s Identity Verification Solutions To Help Riley Cillian Streamlines eKYC
KUALA LUMPUR, Nov 6 (Bernama) -- Jumio, the automated, artificial intelligence (AI)-driven identity verification, risk signals and compliance solutions provider has partnered with Riley Cillian to streamline electronic Know Your Customer (eKYC) for the social media platform’s video chat apps.
“We are proud to partner with Riley Cillian to create a positive onboarding experience for all community members and to help get them one step closer to developing meaningful in-app connections,” said Jumio vice president of APAC, Frederic Ho in a statement.
Meanwhile, Riley Cillian co-founder and chief operating officer, Leon Sun said Jumio’s advanced technology not only improves user experience by streamlining Riley Cillian’s KYC checks but also allows the company to effectively verify Arabic ID documents, which has been a challenge in the past.
“By partnering with Jumio, we can now streamline our KYC process, improve customer conversion, and ensure we meet all regulatory requirements,” added Sun.
Founded in 2014 and now based in Singapore, Riley Cillian’s mission is to build the best live video chat platform and facilitate meaningful connections across cultures, languages and borders in a respectful, fun and safe way.
Riley Cillian’s social apps are available in more than 100 countries and have been downloaded over 100 million times.
When looking for an eKYC provider, they wanted to work with a solution that provided ease of use no matter where in the world its members want to create an account.
Jumio offers the most comprehensive identity verification solutions on the market, accepting and reliably verifying more than 5,000 types of government-issued IDs globally, including many with non-Latin script, which will enable Riley Cillian to scale its onboarding process.
-- BERNAMA
Tuesday, 5 November 2024
AM Best Withdraws Generali Life Hong Kong’s Ratings
KUALA LUMPUR, Nov 4 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a+” (Excellent) of Generali Life (Hong Kong) Limited (Generali Hong Kong).
A subsidiary of Italy’s Assicurazioni Generali S.p.A. (Generali), the outlook of Generali Hong Kong’s credit ratings (ratings) is stable, said AM Best in a statement.
Concurrently, the credit rating agency has withdrawn these ratings as the entity has requested to no longer participate in its interactive rating process.
The ratings reflect Generali’s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, very favourable business profile and appropriate enterprise risk management.
In addition, the ratings also factor in the strategic importance of Generali Hong Kong to Generali.
Headquartered in the United States, AM Best does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.
-- BERNAMA
Xsolla, Long Tale Games Team Up For Charity Campaign
KUALA LUMPUR, Nov 4 (Bernama) -- Xsolla, a global video game commerce company, has partnered with Long Tale Games to launch a charity campaign, where 50 per cent of the proceeds from the three-month subscription package to Life is Feudal will be donated to Games For Change.
According to Xsolla in a statement, this initiative, running until Dec 31, reflects the company’s commitment to leveraging the power of gaming to drive positive change.
Xsolla Chief Strategy Officer, Chris Hewish said gaming is not just about entertainment; it is also about community and the ability to make a meaningful difference.
"Supporting Games For Change aligns with our mission to address key issues in education, civic engagement, and social impact through gaming. This campaign fosters an inclusive gaming community while inspiring change through play," he said.
Meanwhile, Games For Change President, Susanna Pollack said: "Through this partnership with Xsolla and Long Tale Games, we aim to empower more creators to develop engaging, educational, and inspiring experiences beyond entertainment.
"The funds raised will directly support our mission to harness the power of games and immersive media for social good, driving meaningful change in communities worldwide."
The campaign offers players an exciting adventure in Life is Feudal: MMO and allows them to make a tangible impact with half of each three-month subscription supporting educational programmes, civic engagement initiatives, and social impact projects, the campaign demonstrates how gaming can foster a better future through the power of play.
Players are empowered to engage with a meaningful cause, proving that games are more than just entertainment, they are a way to support causes that matter.
-- BERNAMA
HCLTECH ANNOUNCES NEW AI/CLOUD NATIVE LAB IN SINGAPORE IN PARTNERSHIP WITH SINGAPORE ECONOMIC DEVELOPMENT BOARD
SINGAPORE & NOIDA, India, Nov 5 (Bernama-BUSINESS WIRE) -- HCLTech, a leading global technology company, today announced the creation of a new Singapore-based AI/Cloud Native Lab. HCLTech’s Lab in Singapore will be the company’s fifth in its global network, expected to open in 2025.
The Lab, joining others in the US, UK, Germany and India, will be supported by EDB and assist enterprises in the region in accelerating their AI initiatives through HCLTech’s comprehensive suite of integrated AI and GenAI offerings, including AI Force and AI Foundry. The Lab in Singapore will also partner with Nanyang Polytechnic and Singapore Polytechnic to collaborate on transferring knowledge and nurturing young talent and mid-career individuals In AI.
Roshni Nadar Malhotra, Chairperson, HCLTech, made the announcement today at an event with the Ministry of Digital Development and Information of Singapore and the Singapore Economic Development Board (EDB). Senior academic members from Nanyang Polytechnic and Singapore Polytechnic also attended the event.
“Our Labs are a conducive starting point for enterprises that want to embark on a collaborative journey to develop blueprints for AI and GenAI-led efficiencies, new business capabilities, skilling roadmaps and overall organizational competitive advantage with a pragmatic approach,” said Vijay Guntur, Chief Technology Officer and Head of Ecosystems, HCLTech. “We are very excited to add Singapore to our network, which will go a long way in further strengthening Singapore’s position as a regional hub for AI innovation,” he added.
Singapore has made significant strides in helping companies adopt and innovate with AI across sectors including financial services, manufacturing and SMEs. In 2023, the Singapore government launched the Singapore National AI Strategy 2.0, highlighting its commitment to leading global AI innovation. This strategy aims to build a trusted and responsible AI ecosystem.
“DISG has been driving the adoption of AI across key industries and Singapore-based corporates, and HCLTech’s AI Lab supports this mission,” said Mr Philbert Gomez, Executive Director, Digital Industry Singapore (DISG). “We are pleased to partner with HCLTech for the launch of its AI Lab in Singapore, which provides enterprises with the tools to rapidly experiment with and scale AI solutions to unlock new business value from Singapore.”
HCLTech has been operating in Singapore for over four decades, building a strong technology presence and working with many notable clients. Singapore is the hub for HCLTech's Southeast Asia operations and has led technological advancements, including Asia's first Wi-Fi-based patient tracking system and various projects for the Singapore government.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20241103302706/en/
Contact
For further details, please contact:
James Galvin, ANZ
james.galvin@hcltech.com
Meredith Bucaro, Americas
meredith-bucaro@hcltech.com
Elka Ghudial, EMEA
elka.ghudial@hcltech.com
Nitin Shukla, India
nitin-shukla@hcltech.com
Source : HCLTech
The Lab, joining others in the US, UK, Germany and India, will be supported by EDB and assist enterprises in the region in accelerating their AI initiatives through HCLTech’s comprehensive suite of integrated AI and GenAI offerings, including AI Force and AI Foundry. The Lab in Singapore will also partner with Nanyang Polytechnic and Singapore Polytechnic to collaborate on transferring knowledge and nurturing young talent and mid-career individuals In AI.
Roshni Nadar Malhotra, Chairperson, HCLTech, made the announcement today at an event with the Ministry of Digital Development and Information of Singapore and the Singapore Economic Development Board (EDB). Senior academic members from Nanyang Polytechnic and Singapore Polytechnic also attended the event.
“Our Labs are a conducive starting point for enterprises that want to embark on a collaborative journey to develop blueprints for AI and GenAI-led efficiencies, new business capabilities, skilling roadmaps and overall organizational competitive advantage with a pragmatic approach,” said Vijay Guntur, Chief Technology Officer and Head of Ecosystems, HCLTech. “We are very excited to add Singapore to our network, which will go a long way in further strengthening Singapore’s position as a regional hub for AI innovation,” he added.
Singapore has made significant strides in helping companies adopt and innovate with AI across sectors including financial services, manufacturing and SMEs. In 2023, the Singapore government launched the Singapore National AI Strategy 2.0, highlighting its commitment to leading global AI innovation. This strategy aims to build a trusted and responsible AI ecosystem.
“DISG has been driving the adoption of AI across key industries and Singapore-based corporates, and HCLTech’s AI Lab supports this mission,” said Mr Philbert Gomez, Executive Director, Digital Industry Singapore (DISG). “We are pleased to partner with HCLTech for the launch of its AI Lab in Singapore, which provides enterprises with the tools to rapidly experiment with and scale AI solutions to unlock new business value from Singapore.”
HCLTech has been operating in Singapore for over four decades, building a strong technology presence and working with many notable clients. Singapore is the hub for HCLTech's Southeast Asia operations and has led technological advancements, including Asia's first Wi-Fi-based patient tracking system and various projects for the Singapore government.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20241103302706/en/
Contact
For further details, please contact:
James Galvin, ANZ
james.galvin@hcltech.com
Meredith Bucaro, Americas
meredith-bucaro@hcltech.com
Elka Ghudial, EMEA
elka.ghudial@hcltech.com
Nitin Shukla, India
nitin-shukla@hcltech.com
Source : HCLTech
Monday, 4 November 2024
PAKISTAN SEES MAIDEN ISLAMIC NANO FINANCING PRODUCT BY WALEE FINANCIAL SERVICES
KUALA LUMPUR, Nov 4 (Bernama) -- Walee Financial Services Pvt Ltd has introduced Pakistan’s first Islamic nano-financing product, offering interest-free (riba-free) nano-finance through a unique commodity-based trade structure under its fintech brand Hakeem.
With this powerful message, Walee aims to provide accessible financial solutions that empower individuals and promote sustainable economic growth, with the goal of providing an ethical financial alternative to individuals, promoting equitable financial inclusion in Pakistan.
Walee Financial Services, Head of Shariah, Dr Rashid Mansoor said this is a momentous achievement in rolling out Islamic Nano-Finance.
“It has been made possible through the grit, passion, and unwavering faith of our founding team in Islamic finance, highlighting the benefits to society at large. True Shariah compliance has been achieved through cutting-edge technology, supported by esteemed Muftis and Shariah scholars,” he said a statement.
At the heart of Walee Financial Services’ Islamic nano-financing product lies a Tawarruq-based structure that is executed in an unorganised form. In this model, customers participate in a commodity trade process to secure financing without the involvement of interest.
This innovative product ensures that all transactions are free from riba, aligning with the principles of fairness and transparency advocated by Islam, as the passage of the 26th Constitutional Amendment Bill, 2024, sets a clear deadline of Jan 1, 2028, for the complete elimination of riba in Pakistan’s financial system.
By offering Shariah-compliant financing facilities, Walee Financial Services is actively contributing to the country's mission to transition toward a Shariah-compliant economy, aligning with the Federal Shariat Court’s ruling that abolishing riba is fundamental for an Islamic financial system, and supporting the State Bank of Pakistan’s efforts to promote Islamic finance across the country.
As Pakistan moves towards a riba-free economy, Walee Financial Services leads this transformation. With Hakeem, Walee offers a groundbreaking financial solution while actively supporting the government's agenda to eliminate interest-based financial practices.
By fostering ethical, Shariah-compliant finance, Walee contributes to sustainable economic growth and financial inclusion, ensuring that Islamic finance serves the needs of Pakistan's diverse population.
-- BERNAMA
With this powerful message, Walee aims to provide accessible financial solutions that empower individuals and promote sustainable economic growth, with the goal of providing an ethical financial alternative to individuals, promoting equitable financial inclusion in Pakistan.
Walee Financial Services, Head of Shariah, Dr Rashid Mansoor said this is a momentous achievement in rolling out Islamic Nano-Finance.
“It has been made possible through the grit, passion, and unwavering faith of our founding team in Islamic finance, highlighting the benefits to society at large. True Shariah compliance has been achieved through cutting-edge technology, supported by esteemed Muftis and Shariah scholars,” he said a statement.
At the heart of Walee Financial Services’ Islamic nano-financing product lies a Tawarruq-based structure that is executed in an unorganised form. In this model, customers participate in a commodity trade process to secure financing without the involvement of interest.
This innovative product ensures that all transactions are free from riba, aligning with the principles of fairness and transparency advocated by Islam, as the passage of the 26th Constitutional Amendment Bill, 2024, sets a clear deadline of Jan 1, 2028, for the complete elimination of riba in Pakistan’s financial system.
By offering Shariah-compliant financing facilities, Walee Financial Services is actively contributing to the country's mission to transition toward a Shariah-compliant economy, aligning with the Federal Shariat Court’s ruling that abolishing riba is fundamental for an Islamic financial system, and supporting the State Bank of Pakistan’s efforts to promote Islamic finance across the country.
As Pakistan moves towards a riba-free economy, Walee Financial Services leads this transformation. With Hakeem, Walee offers a groundbreaking financial solution while actively supporting the government's agenda to eliminate interest-based financial practices.
By fostering ethical, Shariah-compliant finance, Walee contributes to sustainable economic growth and financial inclusion, ensuring that Islamic finance serves the needs of Pakistan's diverse population.
-- BERNAMA
MELTWATER, CYABRA JOIN FORCES TO TACKLE DIS- AND MISINFORMATION THREATS TO BRANDS
KUALA LUMPUR, Nov 4 (Bernama) -- Meltwater, a media, social, and consumer intelligence global provider, announced a new strategic partnership with Cyabra, whose AI shields companies and government agencies from dis- and misinformation by uncovering fake profiles, harmful narratives, and generative artificial intelligence (Gen AI) content.
Together, Cyabra and Meltwater will enable customers with a powerful solution to protect brand reputation from online disinformation attacks, manage crises effectively, and enhance the quality of insights on genuine consumer sentiment.
This holistic framework complements Meltwater’s existing social intelligence solutions and allows for a deeper understanding of dis- and misinformation amplified by malicious actors through fake accounts, according to a statement.
“Cyabra’s leading technology gives teams advanced tools to be able to detect, manage, and counter harmful narratives in real time and protect brand reputation, and we are proud they have chosen to partner with Meltwater to advance this mission,” said Meltwater senior vice president (SVP) of Global Alliances and Partnerships, Doug Balut.
Meanwhile, Cyabra SVP of Revenue, Emmanuel Heymann said: “By joining forces with Meltwater, we are extending our capabilities to offer a comprehensive solution to a wider audience.
“Meltwater’s suite of tools, combined with Cyabra’s advanced technology, empowers businesses to better identify and counter online threats. Together, we provide a powerful solution for safeguarding brand reputation and building consumer trust in the digital age.”
Through this partnership, joint customers of Meltwater and Cyabra will receive real-time alerts about emerging threats in order to improve decision-making and strategic planning.
With this partnership, Cyabra has joined the Meltwater Partner Program, a fast-growing ecosystem of top technology and services providers. By joining the programme, Meltwater partners gain access to a broad range of programmes, including access to innovative technologies and exclusive co-marketing opportunities to amplify their brand and accelerate revenue growth.
-- BERNAMA
Together, Cyabra and Meltwater will enable customers with a powerful solution to protect brand reputation from online disinformation attacks, manage crises effectively, and enhance the quality of insights on genuine consumer sentiment.
This holistic framework complements Meltwater’s existing social intelligence solutions and allows for a deeper understanding of dis- and misinformation amplified by malicious actors through fake accounts, according to a statement.
“Cyabra’s leading technology gives teams advanced tools to be able to detect, manage, and counter harmful narratives in real time and protect brand reputation, and we are proud they have chosen to partner with Meltwater to advance this mission,” said Meltwater senior vice president (SVP) of Global Alliances and Partnerships, Doug Balut.
Meanwhile, Cyabra SVP of Revenue, Emmanuel Heymann said: “By joining forces with Meltwater, we are extending our capabilities to offer a comprehensive solution to a wider audience.
“Meltwater’s suite of tools, combined with Cyabra’s advanced technology, empowers businesses to better identify and counter online threats. Together, we provide a powerful solution for safeguarding brand reputation and building consumer trust in the digital age.”
Through this partnership, joint customers of Meltwater and Cyabra will receive real-time alerts about emerging threats in order to improve decision-making and strategic planning.
With this partnership, Cyabra has joined the Meltwater Partner Program, a fast-growing ecosystem of top technology and services providers. By joining the programme, Meltwater partners gain access to a broad range of programmes, including access to innovative technologies and exclusive co-marketing opportunities to amplify their brand and accelerate revenue growth.
-- BERNAMA
Friday, 1 November 2024
Kioxia's QLC UFS Ver. 4.0 Devices Suitable For Applications With Higher Storage Capacity
 |
| QLC UFS Ver. 4.0 Embedded Flash Memory Devices (Photo: Business Wire) |
KUALA LUMPUR, Oct 30 (Bernama) -- Kioxia Corporation, a world leader in memory solutions, announced it has begun mass production of the industry’s first Universal Flash Storage (UFS) Ver. 4.0 embedded flash memory devices with four-bit-per-cell, quadruple-level cell (QLC) technology.
In a statement, Kioxia said QLC UFS offered a higher bit density than traditional triple-level cell (TLC) UFS, making it suitable for mobile applications that require higher storage capacities.
Advancements in controller technology and error correction have enabled QLC technology to achieve this while maintaining competitive performance.
Kioxia’s new 512 gigabytes (GB) QLC UFS achieves sequential read speeds of up to 4,200 megabytes per second (MB/s) and sequential write speeds of up to 3,200 MB/s, taking full advantage of the UFS 4.0 interface speed.
Its QLC UFS is well-suited for smartphones and tablets, as well as other next-generation applications where higher storage capacity and performance are key considerations, including personal computers (PCs), networking, augmented reality (AR)/virtual reality (VR), and artificial intelligence (AI).
Kioxia was the first to introduce UFS technology and continues to develop new products. The new QLC UFS Ver. 4.0 device integrates the company’s innovative BiCS FLASH 3D flash memory and a controller in a global industry group that develops open standards for microelectronics, namely the JEDEC standard package.
Key features of KIOXIA's QLC UFS 4.0 include support for high-speed link startup sequence (HS-LSS), which can be performed at a faster rate, significantly reducing the time by approximately 70 per cent compared to conventional methods.
In addition, the security enhancement is also notable aspect of these devices. By utilising Advanced Replay Protected Memory Block (RPMB) for secure read and write access to sensitive data, such as user credentials in the RPMB area.
The device also supports Extended Initiator ID (Ext-IID), which is intended to be used with Multi Circular Queue (MCQ) at the UFS 4.0 host controller for improved random performance.
-- BERNAMA
Mavenir Supports O-RAN ALLIANCE Report On Spectrum Aggregation In Multi-vendor Deployments
KUALA LUMPUR, Oct 30 (Bernama) -- Mavenir, the cloud-native network infrastructure provider building the future of networks, announced the publication of a new technical report by the O-RAN ALLIANCE, ‘Spectrum Aggregation for Multi-Vendor Deployments’.
The report evaluates multiple spectrum aggregation techniques and proposes an open interface specification support between Distributed Units (DUs) for carrier aggregation in multi-vendor deployments, according to a statement.
Mavenir Senior Vice President, Access Technologies and rapporteur for the technical report, Dr Sridhar Rajagopal said this report, with its welcome set of recommendations on multi-vendor carrier aggregation, could not come at a more pivotal time for the Open radio access network (RAN) as spectrum discussions continue for expanding 5G deployments and with 6G on the horizon.
“Standardising the interface between DUs for multi-vendor carrier aggregation will remove single vendor stickiness and will be a game changer for Open RAN,” he said.
The O-RAN ALLIANCE report, which was initiated and led by Mavenir, sets out the practical scenarios for spectrum aggregation across equipment from multiple network equipment vendors comparing different approaches and includes a recommendation for specification development for carrier aggregation in multi-vendor RAN deployment.
The carrier aggregation solution using an open interface between DUs has gathered significant support from operators and vendors to pursue specification development within the O-RAN ALLIANCE.
Carrier aggregation across available spectrum is one of the key considerations by operators to maximise bandwidth, boost throughput, and improve network performance. An operator obtains new spectrum during regulatory spectrum sale over time.
In such a situation, there is a strong desire by the operator to combine the new spectrum with their existing spectrum using carrier aggregation. However, there is no open standardised interface that exists today for carrier aggregation between two vendors, creating vendor stickiness to operators for all future spectrum expansions.
Thus, operators are forced to rely on their incumbents for spectrum expansion, losing negotiating power and control over network evolution while becoming dependent on features, performance and timelines as dictated by their incumbents.
An open specification for multi-vendor carrier aggregation support will openup the 5G eco-system further and provide a pathway for new low-latency features and services for 6G by enabling real-time communication between DUs that does not exist today.
-- BERNAMA
Wednesday, 30 October 2024
Jumio's Cutting-edge Liveness Detection Guarantees Users Are Real, Not A Spoof
KUALA LUMPUR, Oct 29 (Bernama) -- Jumio, an automated, artificial intelligence (AI)-driven identity verification, risk signals and compliance solutions provider, has unveiled Jumio Liveness, an enhanced, in-house technology designed to address increasingly sophisticated fraud tactics at Money20/20 USA.
This cutting-edge solution expands beyond traditional presentation attacks, such as paper or screen copies, and employs sophisticated AI models to block advanced threats like injection attacks and deepfakes.
Its Chief Product and Technology Officer, Bala Kumar said Jumio Liveness is designed to address the growing sophistication of fraud tactics while keeping the user experience simple.
“Our goal is to help businesses stay ahead of threats like deepfakes and ensure that legitimate users can securely access services without added complexity,” he said in a statement.
Jumio Liveness takes fraud detection to the next level by checking if more than one person is present throughout the selfie-capture process or if someone is being forced to undergo the identity verification process.
It also prevents the registration of unconscious individuals, such as those who are sleeping. These measures help ensure that only genuine, consenting users are able to access services, dramatically reducing fraud risks.
Jumio has established a comprehensive multi-layer defense strategy to tackle a wide range of attack types, both current and emerging. By combining liveness detection, AI-driven fraud detection, and anti-spoofing technologies, its system is designed to defend against existing threats while staying agile enough to address future attacks.
This robust strategy is backed by an expansive patent portfolio spanning nearly 100 unique patent families and ensures that businesses using the company’s services remain protected in an ever-evolving fraud landscape.
In addition, Jumio has mechanisms in place to constantly monitor for anomalies and suspicious activities. These systems continuously review daily traffic to identify new attack vectors as they emerge.
Any new insights are fed directly into the AI model’s training pipeline, creating a real-time feedback loop that enables Jumio’s technology to adapt rapidly, ensuring that its defense mechanisms remain updated and highly effective against evolving and sophisticated threats.
-- BERNAMA
Alcon In The Public Eye, Winning Best Employers In Singapore Once Again
KUALA LUMPUR, Oct 28 (Bernama) -- Alcon, the global leader in eye care dedicated to helping people see brilliantly, has been named one of the ‘Best Employers in Singapore’ for the second consecutive year in addition to its recognition in 2021.
This prestigious recognition underscores Alcon’s unwavering commitment to building a strong culture of excellence where all associates can bring their best to work, according to a statement.
“At Alcon Singapore, we have invested in creating valuable experiences for our associates through various development and culture building programmes, growth opportunities and engagement with wider enterprise initiatives.
“We believe that these valuable experiences at work have helped to strengthen our connection to Alcon and our purpose of helping people see brilliantly,” said Alcon Asia Pacific Head of Human Resources, Preneet Bindra.
In this year’s survey, Alcon also achieved second place in the ‘Health Care Equipment & Services’ industry category compared to third place in 2023, and this accolade comes from a comprehensive survey conducted by The Straits Times, Singapore’s leading daily newspaper.
Meanwhile, the ‘Best Employers’ study evaluates companies via a large-scale survey in which associates participate anonymously that includes questions about the willingness to recommend their own company to friends or family (direct recommendation) and the willingness to recommend other companies within the same industry (indirect recommendation).
Alcon Singapore, which received high scores in this year’s evaluation, believes that its purpose of helping people see brilliantly is best activated when people can be their true, authentic selves. As such, Alcon regularly conducts the ‘Associate Experience Dashboard (AED)’ to gather associates’ opinions and suggestions about the work environment.
The company is specifically committed to providing associates with valuable experiences by expanding engagement opportunities across three key areas, namely Diversity & Inclusion, Social Impact and Sustainability (SIS), and Talent Development.
Alcon Singapore actively promotes inclusive collaboration and communication through cultural events and associate-led sports programmes, which strengthen bonds and cooperation across functions, whereas under the SIS strategy, it participates annually in the global social impact activity ‘Alcon in Action’, a global day of volunteering.
-- BERNAMA
AM Best To Present APAC Benchmarking Study, Mock Rating Committee At Singapore Conference
KUALA LUMPUR, Oct 29 (Bernama) -- Global credit rating agency, AM Best announced it will host Insurance Market Briefing - Singapore International Reinsurance Conference (SIRC) to explore the state of the Asia Pacific (APAC) (re)insurance markets on Nov 5, as part of the 20th annual SIRC event.
Taking place at the Marina Bay Sands Expo and Convention Centre, senior analytical leaders from AM Best’s APAC offices will provide (re)insurance market insight during the market briefing.
Discussion topics will include benchmarking analysis of rated APAC (re)insurers and a live mock rating committee presentation to give attendees a better understanding of the drivers behind rating decisions.
In a statement, AM Best said its market development team for APAC will also be attending SIRC.
The credit rating agency also will host a networking reception to celebrate the 10th anniversary of its Singapore operations, which coincides with AM Best’s 125th anniversary.
Organised by the Singapore Reinsurers’ Association, SIRC is one of the leading annual global reinsurance industry events, with this year’s event running from Nov 4 to 7 and is themed as “Revolutionize (Re)Insurance!”.
AM Best is a contributing broadcast partner to the event, and AM Best TV will provide coverage of the conference.
-- BERNAMA
Tuesday, 29 October 2024
ELVINA LIOW PROMOTED TO LEAD WATCHTOWR’S OPERATIONS ACROSS APAC
KUALA LUMPUR, Oct 28 (Bernama) -- Cybersecurity company, watchTowr announced the promotion of Elvina Liow to vice president (VP) of Asia Pacific (APAC).
In her new role, Liow will assume full responsibility for the company’s business in the APAC region, scaling operations and driving the company’s mission to redefine and lead the external attack surface management market globally.
According to watchTowr in a statement, her leadership will be critical to continuing the company's hyper-growth and strengthening its presence in the region.
“Elvina has been pivotal to watchTowr’s continued success and a key driver of our success in the region. Her leadership has been instrumental in expanding watchTowr’s commercial footprint and deepening both customer and partner relationships.
“Her deep understanding of both the cybersecurity landscape and our customers’ evolving needs makes her the ideal person to lead our APAC business as we continue our rapid growth and global expansion,” said its chief executive officer and founder, Benjamin Harris.
Meanwhile, Liow said: “The APAC region has been a core foundation of the business, paving the success of our global expansion. The team has delivered impressive results, building a great client network and strong partnerships in the region.
“Our mission to help organisations continuously validate and strengthen their security postures is more important than ever, and I look forward to deepening our presence and driving significant growth across the region.”
Liow’s promotion follows watchTowr’s recent US$19 million Series A funding round, which will further accelerate its growth plans by expanding its go-to-market, research, and engineering teams. (US$1=RM4.34)
She joined watchTowr in 2022 as an account director, following over a decade of experience in senior sales, product management, and business development roles at industry leaders such as NTT and F-Secure.
Liow quickly grew her career at watchTowr, earning a promotion to head of Commercial within a year and assuming the role of VP of Commercial in February this year, becoming part of watchTowr’s extended leadership team.
-- BERNAMA
Saturday, 26 October 2024
THREDD RELEASES EXPERT GUIDE FOR U.S. ISSUANCE VIA BIN SPONSORSHIP
Developed for new market entrants, the 22-page report provides important facts and expert insights to inform a journey to the American payments sector.
LONDON, Oct 23 (Bernama-BUSINESS WIRE) -- Thredd, a leading next-generation global payments processor, today released “Launching in America. A guide to issuing via BIN sponsorship.” a complimentary report for programme managers and fintechs considering expansion into the American payments market.
Filled with important facts and expert insights into the challenges and requirements faced by foreign entities, the guide is a must-have for global payments executives and any organisation considering bringing their payments-related value proposition to the U.S.
“Entering the U.S. payments market can be challenging. Having successfully helped our clients make the journey, we've created this guide to share some of the key facts and learnings,” said Jim McCarthy, CEO of Thredd. "Passporting programmes into the U.S. is complex, but with a well-considered plan, forward-thinking organisations can rapidly expand their business.”
Contents of the guide include:
· Why the American market?
· Current regulatory and business climate
· Key parties and their roles
· Requirements and due diligence
· Evaluating and being evaluated by BIN sponsors
· Definitions, checklists and regulatory primers
· Go to market
· Takeaways
Filled with important facts and expert insights into the challenges and requirements faced by foreign entities, the guide is a must-have for global payments executives and any organisation considering bringing their payments-related value proposition to the U.S.
“Entering the U.S. payments market can be challenging. Having successfully helped our clients make the journey, we've created this guide to share some of the key facts and learnings,” said Jim McCarthy, CEO of Thredd. "Passporting programmes into the U.S. is complex, but with a well-considered plan, forward-thinking organisations can rapidly expand their business.”
Contents of the guide include:
· Why the American market?
· Current regulatory and business climate
· Key parties and their roles
· Requirements and due diligence
· Evaluating and being evaluated by BIN sponsors
· Definitions, checklists and regulatory primers
· Go to market
· Takeaways
To download a free copy of the guide, visit https://bit.ly/Launching-in-America.
Friday, 25 October 2024
JUMIO NAMED A LEADER IN THE 2024 GARTNER® MAGIC QUADRANT™ FOR IDENTITY VERIFICATION
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| (Graphic: Business Wire) |
Jumio recognized based on its Ability to Execute and Completeness of Vision
SUNNYVALE, Calif., Oct 25 (Bernama-BUSINESS WIRE) -- Jumio, the leading provider of automated, AI-driven identity verification, risk signals and compliance solutions, has been recognized as a Leader in the first-ever 2024 Gartner Magic Quadrant for Identity Verification¹, published on October 21, 2024.
This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20241024542853/en/
Jumio was named a Leader among other identity verification vendors, and the evaluation was based on specific criteria that analyzed the company’s overall Completeness of Vision and Ability to Execute.
As defined in the Magic Quadrant, “Leaders deliver a broad and comprehensive IDV product that addresses a wide range of use cases and customer needs. They have successfully built a significant installed customer base and revenue stream. Leaders demonstrate a superior vision that goes beyond simply doing more of the same at a larger scale. They also demonstrate strong execution to bring that vision to fruition. They anticipate IDV requirements and in some ways help shape the market.”
This inaugural Gartner Magic Quadrant for Identity Verification replaces the Gartner Market Guide for Identity Verification, which repeatedly recognized Jumio as a Representative Vendor. Gartner produced this Magic Quadrant in response to identity verification market conditions.
“Gartner has observed that the number of vendors in the IDV market continues to grow, and is currently tracking over 100 vendors. While the core IDV process offered by them all is seemingly similar, there are many differences between vendors,” the report states.
“As the identity verification market continues to expand, it can become increasingly challenging for modern enterprises to sort through endless offerings to find an innovative solution to suit their needs,” said Anna Convery, Jumio CMO. “To be named a Leader in the first-ever Magic Quadrant is an honor and we believe this demonstrates that Jumio’s end-to-end approach to establishing and maintaining trust resonates with the market.”
The Jumio Platform is an end-to-end solution that verifies the identities of new and existing users, fights fraud and helps modern enterprises meet compliance mandates. With over 1 billion transactions processed worldwide, supporting 5,000+ types of ID documents across more than 200 countries and territories, Jumio leads the industry in global coverage.
To read the entire 2024 Gartner Magic Quadrant for Identity Verification, click here.
¹Source: 2024 Gartner Magic Quadrant for Identity Verification, Akif Khan, James Hoover, Nayara Sangiorgio, 21 October 2024.
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved.
Gartner does not endorse any vendor, product or service depicted in our research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Jumio
Jumio helps organizations to know and trust their customers online. From account opening to ongoing monitoring, the Jumio Platform provides advanced identity verification, risk signals and compliance solutions that help you accurately establish, maintain and reassert trust.
Leveraging powerful technology including automation, biometrics, AI/machine learning, liveness detection and no-code orchestration with hundreds of data sources, Jumio helps you fight fraud and financial crime, onboard good customers faster and meet regulatory compliance including KYC and AML. Jumio has processed more than 1 billion transactions spanning over 200 countries and territories from real-time web and mobile transactions.
Based in Sunnyvale, Jumio operates globally with offices and representation in North America, Latin America, Europe, Asia Pacific and the Middle East and has been the recipient of numerous awards for innovation. Jumio is backed by Centana Growth Partners, Great Hill Partners and Millennium Technology Value Partners.
For more information, please visit www.jumio.com.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20241024542853/en/
Contact
U.S. Media Contact
Allison Knight
10Fold Communications
jumio@10fold.com
806-570-9819
Europe Media Contact
Harriet King
FleishmanHillard UK
harriet.king@fleishman.com
+44 7765673794
APAC Media Contact
Luke Nazir
FINN Partners
Luke.Nazir@finnpartners.com
+65 8139 2504
Source : Jumio
--BERNAMA
Paratus Sciences CEO To Speak On Panel At Boston Meeting
KUALA LUMPUR, Oct 25 (Bernama) -- Paratus Sciences Corporation announced its chief executive officer (CEO), Theresa Heah, will participate in a panel discussion at the Longwood Healthcare Leaders CEO meeting being held in Boston, Massachusetts from Oct 28 to 29.
In a statement, Paratus Sciences said Heah has been invited to participate on a four-person panel, ‘Accelerating the Translation of Science into Medicine’, moderated by ProFound Therapeutics CEO, John Lepore which is scheduled on Oct 28.
Longwood Healthcare Leaders meetings bring together the top biotech and pharma CEOs, research and development (R&D) heads, healthcare academics, and life science investors.
The meetings are designed to facilitate off-the-record discussions that promote transparency and collaboration among participants.
The ultimate goal of these discussions is to accelerate the translation of discoveries into effective medicines that can improve patient outcomes.
Headquartered in New York, Paratus Sciences is a biotechnology company accelerating the discovery of novel therapeutics by leveraging the extraordinary adaptive biology of bats.
-- BERNAMA
Wednesday, 23 October 2024
Black & Veatch Serves As Owner's Engineer For Combined Cycle Power Plant In Sarawak
KUALA LUMPUR, Oct 22 (Bernama) -- Black & Veatch, a global leader in critical infrastructure solutions, has been chosen as the owner’s engineer for PETROS Power Sdn Bhd’s (PETROS Power) Miri Combined Cycle Gas Turbine (Miri CCGT) Power Plant in Sarawak, Malaysia.
The Miri CCGT Power Plant will be a lower-emission alternative to coal-fired power plants, which is expected to have a capacity of 500 megawatts (MW) and is intended to supply power to the Sarawak State Grid.
The power plant contributes to the Sarawak Gas Roadmap, which is critical to achieving Sarawak’s goal of doubling its economy by 2030, according to a statement.
“Black & Veatch's knowledge of international and country-specific engineering codes and standards, and contract structures helps to systematically mitigate project cost and schedule risks to ensure project execution certainty.
“By bridging the gap between different engineering standards, Black & Veatch offers progressive clients, like PETROS Power, assurance that the engineering, procurement, and construction (EPC) contractor delivers on project commitments cost effectively,” said its president, Asia Pacific and India, Narsingh Chaudhary.
Black & Veatch will provide technical expertise, knowledge and technology transfer, and support for engineering, procurement, construction, and commissioning (EPCC) contract management and administration.
The company has extensive experience in designing and constructing combined cycle power plants for diverse settings, including new sites, expansions to existing steam electric generating stations, and conversions of existing simple cycle peaking combustion turbines to combined cycle operation.
-- BERNAMA
Kodansha’s App K MANGA Branches Into Canada, Australia, New Zealand, Singapore
KUALA LUMPUR, Oct 22 (Bernama) -- Kodansha Ltd, one of Japan’s major publishers with hit manga titles such as Attack on Titan, Fairy Tail, Blue Lock, and GACHIAKUTA, has launched its official manga app “K MANGA” in Canada, Australia, New Zealand and Singapore.
The app is now available on iOS and Android platforms, offering over 500 titles in English, including 100 ongoing manga series across a variety of genres that are updated simultaneously with their release in Japan.
To commemorate the launch, Kodansha said in a statement that five hugely popular titles will be discounted by 50 per cent for a limited time.
Kodansha’s overseas manga sales have surged in recent years, driven largely by the success of titles like Attack on Titan and Tokyo Revengers, reflecting the growing popularity and acceptance of Japanese manga among English-speaking readers.
K MANGA was launched in the United States last May, marking the service’s first expansion into other markets.
Kodansha is striving to further increase accessibility for English-speaking fans, delivering the latest stories as quickly as possible.
Additionally, the company intends to continue expanding into new regions as part of its goal to establish K MANGA as a worldwide platform that connects fans with their favourite works and creators with their audiences.
-- BERNAMA
Tuesday, 22 October 2024
QUANTEXA RECOGNIZED AS CATEGORY LEADER IN THE RISKTECH QUADRANT® FOR KYC SOLUTIONS
Quantexa earned a top ranking in the RiskTech100® 2025 Report, highlighting its strength and innovation in the expanding risk technology and compliance market
LONDON, Oct 22 (Bernama-GLOBE NEWSWIRE) -- Quantexa, a leading provider of Decision Intelligence solutions for public and private sectors, today announced it has received recognition in two Chartis Research reports. Quantexa was named a category leader in the RiskTech Quadrant® for KYC Solutions and ranked among the top 20 in the RiskTech100® 2025 Report, highlighting its market presence, innovation, and leadership in risk and compliance. Chartis possesses exceptional deep technology proficiency, which it leverages to create leading vendor landscape reports in financial risk. This solidifies its authority to evaluate the premier AI and data analytics platforms that help financial institutions navigate the current risk environment.
Quantexa's status as a Category Leader for KYC Solutions highlights its effective technology for future risk management, demonstrating its natural language processing capabilities and perpetual KYC (pKYC) monitoring. The recognition underscores how its offering has evolved while retaining its foundation of high-quality entity resolution and complex corporate structures.
“Quantexa continues to expand and enhance its solution, while retaining its core strengths in entity resolution and complex corporate structures,” said Ahmad Kataf, Senior Research Specialist at Chartis. “It has also enhanced its natural language processing capabilities and perpetual KYC/continuous monitoring – a development that, combined with strong growth, is reflected in its category leader position in our KYC Solutions quadrant.”
Quantexa was also recognized for its risk technology in the RiskTech100® 2025 Report, showcasing consistent improvement and innovation in overall risk technology capabilities. More specifically, the report highlighted Quantexa’s dominance in finance and government operations with strong scores for its ‘core technology’ and ‘innovation’, underscoring its commitment to developing cutting-edge risk solutions.
“Quantexa’s move into the RiskTech100 top 20 reflects several factors,” said Sid Dash, Chief Researcher at Chartis. “Notably, its strong domain knowledge in the key areas of finance and government operations (including tax) is underpinned by a robust core platform.”
Alexon Bell, Chief Product Officer (FinCrime) at Quantexa, said, "Being recognized as a leader in the Chartis RiskTech Quadrant for KYC solutions underscores Quantexa's commitment to addressing the evolving challenges in the KYC landscape. Our approach goes beyond traditional KYC processes, focusing on creating unified, perpetual customer records (pKYC) that provide a comprehensive view across multiple touchpoints. By leveraging advanced analytics and AI, we're able to help financial institutions not only streamline their onboarding processes but also enhance their ongoing risk assessment capabilities."
"We are excited to be recognized by Chartis Research in these two important reports," said Roshni Patel, Global Head of Risk Solutions at Quantexa. "Our ranking in the RiskTech100® and our position as a leader in KYC solutions validate our commitment to innovation and excellence in decision intelligence. These achievements reflect the hard work of our team and the value we bring to our clients in managing risk and compliance."
This recognition comes soon after Quantexa was credited as a Category Leader in the RiskTech Quadrant® for Enterprise Fraud Solutions in Chartis Research’s Enterprise and Payment Fraud Solutions, 2024 Market Update and Vendor Landscape report and one of the top vendors in the inaugural Chartis RiskTechAI 50 2024 ranking and research report in September. These four Chartis reports demonstrate Quantexa’s leading position across several industry capabilities.
To learn more about Quantexa’s Decision Intelligence Platform or advanced KYC and Risk technology solutions, visit here.
About Quantexa
Quantexa is a global AI, data and analytics software company pioneering Decision Intelligence to empower organizations to make trusted operational decisions with data in context. Using the latest advancements in AI, Quantexa’s Decision Intelligence platform helps organizations uncover hidden risk and new opportunities by unifying siloed data and turning it into the most trusted, reusable resource. It solves major challenges across data management, customer intelligence, KYC, financial crime, risk, fraud, and security, throughout the customer lifecycle.
The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. An independently commissioned Forrester TEI study on Quantexa's Decision Intelligence Platform found that customers saw a three-year 228% ROI. Founded in 2016, Quantexa now has over 800 employees and thousands of platform users working with billions of transactions and data points across the world.
Media Inquiries
C: Stephanie Crisp, Fight or Flight
E: Quantexa@fightorflight.com
OR
C: Adam Jaffe, SVP of Corporate Marketing
T : +1 609 502 6889
E : adamjaffe@quantexa.com
SOURCE : Quantexa Limited
LONDON, Oct 22 (Bernama-GLOBE NEWSWIRE) -- Quantexa, a leading provider of Decision Intelligence solutions for public and private sectors, today announced it has received recognition in two Chartis Research reports. Quantexa was named a category leader in the RiskTech Quadrant® for KYC Solutions and ranked among the top 20 in the RiskTech100® 2025 Report, highlighting its market presence, innovation, and leadership in risk and compliance. Chartis possesses exceptional deep technology proficiency, which it leverages to create leading vendor landscape reports in financial risk. This solidifies its authority to evaluate the premier AI and data analytics platforms that help financial institutions navigate the current risk environment.
Quantexa's status as a Category Leader for KYC Solutions highlights its effective technology for future risk management, demonstrating its natural language processing capabilities and perpetual KYC (pKYC) monitoring. The recognition underscores how its offering has evolved while retaining its foundation of high-quality entity resolution and complex corporate structures.
“Quantexa continues to expand and enhance its solution, while retaining its core strengths in entity resolution and complex corporate structures,” said Ahmad Kataf, Senior Research Specialist at Chartis. “It has also enhanced its natural language processing capabilities and perpetual KYC/continuous monitoring – a development that, combined with strong growth, is reflected in its category leader position in our KYC Solutions quadrant.”
Quantexa was also recognized for its risk technology in the RiskTech100® 2025 Report, showcasing consistent improvement and innovation in overall risk technology capabilities. More specifically, the report highlighted Quantexa’s dominance in finance and government operations with strong scores for its ‘core technology’ and ‘innovation’, underscoring its commitment to developing cutting-edge risk solutions.
“Quantexa’s move into the RiskTech100 top 20 reflects several factors,” said Sid Dash, Chief Researcher at Chartis. “Notably, its strong domain knowledge in the key areas of finance and government operations (including tax) is underpinned by a robust core platform.”
Alexon Bell, Chief Product Officer (FinCrime) at Quantexa, said, "Being recognized as a leader in the Chartis RiskTech Quadrant for KYC solutions underscores Quantexa's commitment to addressing the evolving challenges in the KYC landscape. Our approach goes beyond traditional KYC processes, focusing on creating unified, perpetual customer records (pKYC) that provide a comprehensive view across multiple touchpoints. By leveraging advanced analytics and AI, we're able to help financial institutions not only streamline their onboarding processes but also enhance their ongoing risk assessment capabilities."
"We are excited to be recognized by Chartis Research in these two important reports," said Roshni Patel, Global Head of Risk Solutions at Quantexa. "Our ranking in the RiskTech100® and our position as a leader in KYC solutions validate our commitment to innovation and excellence in decision intelligence. These achievements reflect the hard work of our team and the value we bring to our clients in managing risk and compliance."
This recognition comes soon after Quantexa was credited as a Category Leader in the RiskTech Quadrant® for Enterprise Fraud Solutions in Chartis Research’s Enterprise and Payment Fraud Solutions, 2024 Market Update and Vendor Landscape report and one of the top vendors in the inaugural Chartis RiskTechAI 50 2024 ranking and research report in September. These four Chartis reports demonstrate Quantexa’s leading position across several industry capabilities.
To learn more about Quantexa’s Decision Intelligence Platform or advanced KYC and Risk technology solutions, visit here.
About Quantexa
Quantexa is a global AI, data and analytics software company pioneering Decision Intelligence to empower organizations to make trusted operational decisions with data in context. Using the latest advancements in AI, Quantexa’s Decision Intelligence platform helps organizations uncover hidden risk and new opportunities by unifying siloed data and turning it into the most trusted, reusable resource. It solves major challenges across data management, customer intelligence, KYC, financial crime, risk, fraud, and security, throughout the customer lifecycle.
The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. An independently commissioned Forrester TEI study on Quantexa's Decision Intelligence Platform found that customers saw a three-year 228% ROI. Founded in 2016, Quantexa now has over 800 employees and thousands of platform users working with billions of transactions and data points across the world.
Media Inquiries
C: Stephanie Crisp, Fight or Flight
E: Quantexa@fightorflight.com
OR
C: Adam Jaffe, SVP of Corporate Marketing
T : +1 609 502 6889
E : adamjaffe@quantexa.com
SOURCE : Quantexa Limited
Kioxia SSD With Flexible Data Placement Demonstrates Improvements In Lifespan, Performance
KUALA LUMPUR, Oct 21 (Bernama) -- Kioxia Corporation is showcasing and demonstrating the benefits of a KIOXIA XD Series SSD equipped with Flexible Data Placement (FDP) functionality running the RocksDB database at the 2024 OCP Global Summit, taking place from Oct 15 to 17 in San Jose, United States of America.
The RocksDB database excels in high-performance searches through vast amounts of data and managing history data, and is widely used in generative artificial intelligence (GenAI) and cloud applications.
FDP is a feature defined in the NVM Express Technical Proposal TP4146 that allows flexible control of data placement within a solid-state drive (SSD), according to a statement.
By appropriately managing data placement within the SSD, while minimising changes to host software and device drivers, FDP optimisation can enhance performance and extend the lifespan of the SSD.
SSDs follow instructions from host software and device drivers for data storage and erasure. As this process is repeated, data reallocation may occur within the SSD, potentially leading to reduced access speed and unnecessary consumption of flash memory write cycles, especially when data reallocation occurs frequently.
Leveraging FDP can help mitigate potential data reallocation, maximising the performance and lifespan of the SSD.
The demonstration at OCP Global Summit shows FDP functionality in a KIOXIA XD Series Data Center NVMe SSD and a Kioxia developed plugin, a small programme that extends functionality in an application enabling FDP capability, and tested with RocksDB.
Thorough testing and evaluation have resulted in approximately three times the lifespan improvement and approximately 1.8 times the performance for the RocksDB application in an FDP-enabled system, compared to a traditional system utilising conventional SSDs and file system.
-- BERNAMA
Saturday, 19 October 2024
InvestCloud Redefines FirstCape’s Wealth Management Via Multi-phase Digital Transformation
KUALA LUMPUR, Oct 17 (Bernama) -- InvestCloud, a global leader in wealth technology, has been selected by FirstCape, New Zealand’s wealth advice and asset management firm, to transform the wealth management experience it delivers for advisors and their clients.
A comprehensive multi-phased digital transformation journey, this technology-forward initiative is geared to redefine how FirstCape delivers financial services, focusing on boosting advisor efficiency and offering a single platform for client engagement, experience, and compliant advice at scale.
InvestCloud President of Digital Wealth International, Christine Mar Ciriani said the company is thrilled to see the tangible success of its partnership with FirstCape as they embark on this modular digital transformation.
“By leveraging our full suite of innovative front-office solutions, we are helping FirstCape create a robust digital backbone that will drive their growth, streamline advisor efficiency, and elevate client experiences,” she said in a statement.
Meanwhile, FirstCape Chief Executive Officer, Malcolm Jackson said FirstCape was formed with a stated intention of enhancing its client offering, and integrating InvestCloud’s tools that streamline portfolio management and order execution is part of delivering on that promise.
FirstCape was formed earlier this year through the consolidation of JBWere NZ, Jarden Wealth, Harbour Asset Management, and BNZ Investment Services to create the premier wealth management advisory and asset management firm serving clients in New Zealand.
The first phase of FirstCape’s digital transformation was the implementation of InvestCloud’s Portfolio Manager and Order Capture solutions for Jarden Wealth, in which these key components establish the foundation for an enhanced, fully integrated platform that empowers advisors and improves the client and advisor experience.
With Portfolio Manager, financial advisors are able to monitor and manage client portfolios with deeper insights, allowing for tailored investment proposals. By streamlining the process, advisors can deliver more accurate and compliant advice at scale, all while maintaining a personalised approach for each client.
Meanwhile, boosting operational efficiency, Order Capture offers a seamless interface for trading across various asset classes and allows advisors to act faster and focus more on client needs, resulting in a more dynamic, responsive wealth management experience.
Future phases of the transformation will introduce enhanced Client & Advisor Experiences and Client Lifecycle Management & Onboarding solutions, offering a fully integrated, scalable platform that will strengthen client engagement.
-- BERNAMA
Thursday, 17 October 2024
XSOLLA AND IT PARK UZBEKISTAN SIGN MEMORANDUM OF UNDERSTANDING TO FOSTER GAME DEVELOPMENT IN UZBEKISTAN
Partnership to Launch Game Development Academy & to Create New Industry Jobs by 2030
LOS ANGELES, Oct 16 (Bernama-BUSINESS WIRE) -- Xsolla, a global video game commerce company, and IT Park Uzbekistan have signed a Memorandum of Understanding (MOU) to advance the gaming industry in Uzbekistan. This MOU formalizes the collaboration between the two organizations and establishes a path toward launching the Xsolla IT Park Academy in 2025. The academy aims to train local talent and create new opportunities for game production & development within Uzbekistan’s growing industry.
This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20241015326353/en/
LOS ANGELES, Oct 16 (Bernama-BUSINESS WIRE) -- Xsolla, a global video game commerce company, and IT Park Uzbekistan have signed a Memorandum of Understanding (MOU) to advance the gaming industry in Uzbekistan. This MOU formalizes the collaboration between the two organizations and establishes a path toward launching the Xsolla IT Park Academy in 2025. The academy aims to train local talent and create new opportunities for game production & development within Uzbekistan’s growing industry.
This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20241015326353/en/
The signing ceremony occurred at Xsolla's headquarters in Los Angeles, attended by Abdulakhad Kuchkarov, Executive Director of IT Park Uzbekistan, Jahongir Kagirov, Head of IT & Service Exports at IT Park, and Dmitri Burkovskiy, Xsolla’s Chief Investment Officer.
This partnership builds upon Xsolla’s strategy to bring game development education to Central Asia and the Middle East following the opening of the Xsolla Curine Academy in Kuala Lumpur, Malaysia, in April of this year. Xsolla aims to create the Xsolla Global Academy with local education hubs for students, game developers, and rising industry stars to learn from key industry mentors and experts and further develop their game ideas directly in their region.
This partnership builds upon Xsolla’s strategy to bring game development education to Central Asia and the Middle East following the opening of the Xsolla Curine Academy in Kuala Lumpur, Malaysia, in April of this year. Xsolla aims to create the Xsolla Global Academy with local education hubs for students, game developers, and rising industry stars to learn from key industry mentors and experts and further develop their game ideas directly in their region.
WORLDLINE AND FINBOTSAI TEAM UP TO PUT AI CREDIT MODELLING IN THE HANDS OF FINANCIAL INSTITUTIONS
SINGAPORE, Oct 15 (Bernama-BUSINESS WIRE) -- The collaboration will bring an AI-powered solution to help financial institutions level up their lending business through a no-code SaaS model that puts the ownership of credit modelling in the hands of Worldline’s clients of all sizes globally. The FinbotsAI solution will enable financial institutions to develop & deploy credit scorecards with powerful artificial intelligence and machine learning algorithms that are embedded across the value chain; from data to decisioning, for both individual and business lending.
CreditX blends the best of traditional and AI/ML modelling enabling credit risk modelers to quantum-build scorecards that are based on the modeler’s choice of data and parameters. The human-centered AI design enables credit modelers to develop scorecards rapidly, leveraging AI to enhance the accuracy of each scorecard, all at a fraction of today’s costs.
Sanjay Uppal, CEO & Founder of FinbotsAI - “We are delighted to partner with Worldline, a global payments leader, to take our AI innovation to the world. Backed by over six years of research and accreditation from Singapore regulators Monetary Authority of Singapore and Infocomm Media Development Authority towards building trustworthy Artificial Intelligence, CreditX’s human-centered design enables lenders to confidently harness the power of AI in their transformation journey.”
Noel Chow, CEO & COO of Worldline Financial Services, APAC - "We are excited about our partnership with FinbotsAI. We believe that our collaboration will help our clients to enhance their credit assessment processes and capitalize on new opportunities.”
About Worldline
Worldline [Euronext: WLN] helps businesses of all shapes and sizes to accelerate their growth journey – quickly, simply, and securely. With advanced payments technology, local expertise and solutions customised for hundreds of markets and industries, Worldline powers the growth of over one million businesses around the world. Worldline generated a 4.6 billion euros revenue in 2023. worldline.com
About FinbotsAI
Founded in 2017, FinbotsAI, an Accel portfolio fintech, is on a mission to help financial institutions drive profitable lending and financial inclusion with CreditX, its SaaS solution that uses artificial intelligence across the credit value chain - from data to decision. FinbotsAI counts among its clients' banks, digital banks, SME lenders, consumer lenders, Credit Bureaus and other financial institutions across markets. FinbotsAI was recently awarded “Product Innovation of the Year – Best Fintech” at the IFC Global SME Finance Forum 2024.
Sanjay Uppal, CEO & Founder of FinbotsAI - “We are delighted to partner with Worldline, a global payments leader, to take our AI innovation to the world. Backed by over six years of research and accreditation from Singapore regulators Monetary Authority of Singapore and Infocomm Media Development Authority towards building trustworthy Artificial Intelligence, CreditX’s human-centered design enables lenders to confidently harness the power of AI in their transformation journey.”
Noel Chow, CEO & COO of Worldline Financial Services, APAC - "We are excited about our partnership with FinbotsAI. We believe that our collaboration will help our clients to enhance their credit assessment processes and capitalize on new opportunities.”
About Worldline
Worldline [Euronext: WLN] helps businesses of all shapes and sizes to accelerate their growth journey – quickly, simply, and securely. With advanced payments technology, local expertise and solutions customised for hundreds of markets and industries, Worldline powers the growth of over one million businesses around the world. Worldline generated a 4.6 billion euros revenue in 2023. worldline.com
About FinbotsAI
Founded in 2017, FinbotsAI, an Accel portfolio fintech, is on a mission to help financial institutions drive profitable lending and financial inclusion with CreditX, its SaaS solution that uses artificial intelligence across the credit value chain - from data to decision. FinbotsAI counts among its clients' banks, digital banks, SME lenders, consumer lenders, Credit Bureaus and other financial institutions across markets. FinbotsAI was recently awarded “Product Innovation of the Year – Best Fintech” at the IFC Global SME Finance Forum 2024.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241013848130/en/
Contact
Media Contact : Nimika Bhatnagar (+91 77589 01968) / nimika.bhatnagar@adfactorspr.com
Source : FinbotsAI
--BERNAMA
Tuesday, 15 October 2024
BLUESCOPE’S ASEAN AWARD TO HONOUR REGIONAL EXCELLENCE IN STEEL ARCHITECTURE
KUALA LUMPUR, Oct 15 (Bernama) -- NS BlueScope announced the 2024 BlueScope Steel Architectural Awards ASEAN is now open to projects harnessing the company’s steel in Indonesia, Malaysia, Thailand and Vietnam.
Entrants are accepted in Residential, Commercial, Industrial and Institutional building sectors, while there is an additional category of ‘Long Lasting Beauty of COLORBOND’ which celebrates projects that have used BlueScope’s COLORBOND steel to weather all conditions to maintain their beauty and strength.
NS BlueScope Chief Executive, Connell Zhang said the company aimed to create and inspire smart solutions in steel, and its new awards programme is a great opportunity to showcase some of the very best architectural projects in this region.
“As well as setting industry benchmarks and promoting best practice, these awards are a great way to encourage knowledge sharing and support our vibrant ASEAN architect community.
“As the industry leader in premium coated and painted steel, BlueScope is in a unique position to support the architectural community in bringing their dream designs to life,” he said in a statement.
The 2024 BlueScope Steel Architectural Awards ASEAN are backed by several respected organisations, including The Association of Siamese Architects under Royal Patronage; Ikatan Arsitek Indonesia; the University of Architecture Ho Chi Minh City; the Australian Chamber of Commerce Singapore; and Malaysia’s ACG Media Group.
Award entries will be judged on their Design Excellence, Innovation and Sustainability, whereby judges will assess multiple areas of building design, from aesthetic merit to functionality and efficiency, among others.
Judging for the ASEAN Award winners takes place in October, with the winners announced in November.
-- BERNAMA
Saturday, 12 October 2024
FreedomPay-Stripe Partnership To Facilitate Businesses Unify Commerce
KUALA LUMPUR, Oct 11 (Bernama) -- FreedomPay, an innovative leader in Next Level Commerce technologies has partnered Stripe, a financial infrastructure platform for businesses, to make it easier for enterprises to unify commerce.
According to FreedomPay, the partnership makes it possible for virtually any enterprise to use Stripe for online and in-person payments alongside their existing commerce tools.
“Many of the largest businesses in the world already use FreedomPay and they have been telling us they would love to see Stripe join our growing ecosystem of connectivity.
“We are excited that our merchants can now modernise their systems and grow their revenue with Stripe,” said FreedomPay President, Chris Kronenthal in a statement.
FreedomPay aggregates hundreds of different point of sale (POS) systems and dozens of payment devices and commerce integrations onto a single platform.
Meanwhile, Stripe helps businesses process payments online and in person; offers advanced fraud protection powered by machine learning; optimises authorisation requests for issuers to boost revenue; and maintains industry-leading reliability.
Together, FreedomPay and Stripe will provide enterprises with flexibility and modularity, the ability to add Stripe to an existing set of commerce tools, without requiring significant development resources.
With this partnership, enterprises including hotels, retailers, and food & beverage providers, can now take advantage of Stripe’s platform, including those that already use FreedomPay.
Furthermore, in one place, they will be able to manage payments, loyalty programmes, and customer analytics, among others.
-- BERNAMA
Thursday, 10 October 2024
‘CHA CHAAN TENG’ DEBUT IN PARIS TO FURTHER CEMENTS HONG KONG AS ASIA’S ARTS AND CULTURE HUB
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KUALA LUMPUR, Oct 9 (Bernama) -- Hong Kong Tourism Board (HKTB) announced its presentation of a Hong Kong-style café, a “Cha Chaan Teng”, at Art Basel Paris from Oct 16 to 20 at the Grand Palais, inviting Hong Kong-based artist Trevor Yeung to illuminate the classic diner with his light artistry.
This marks the first activation in its pioneering three-year global partnership with the world class art fair, following the initial announcement in Basel this June, according to HKTB in a statement.
HKTB Executive Director, Dane Cheng said this collaboration underscores its commitment to promoting Hong Kong as the East-meets-West centre for international cultural exchange, and the art hub in Asia.
“By sharing the city’s unique character through this immersive experience at the inaugural edition of the three-year partnership at Grand Palais, we hope to inspire travellers to visit our city and discover its thriving creative community and rich cultural experiences,” he said.
HKTB will bring an authentic Cha Chaan Teng experience to Art Basel Paris, a dining format harking back to the 1950s known for its bustling ambiance and eclectic menus of comfort food merging Eastern and Western cultures.
This vibrant gathering space in the heart of Grand Palais will introduce international audiences to the city’s unique culture by showcasing diverse culinary flavours, artistic excellence, and dynamic social atmosphere.
Yeung has created a new artwork especially for the Cha Chaan Teng, which is his next instalment of a well-known series titled Chaotic Suns featuring chandelier-like illuminated artworks, last seen at the 24th Biennale of Sydney in 2024, where he uses the gradient of light to bring the classic Cha Chaan Teng to life.
The positioning of a Hong Kong-style café in the locality of Paris encapsulates Hong Kong’s intrinsic ‘East-meets-West’ culture, presenting a sensory journey to visitors by serving the city delicacies including pineapple buns, egg tarts, milk tea, and mango pudding.
The space will also feature classic design elements such as nostalgic colourful patterned floor tiles and cosy booths, as well as Hong Kong’s signature neon signage.
The collaboration between Art Basel and HKTB fortifies Hong Kong’s position as Asia’s arts and culture hub, hosting flagship art events such as Art Basel, the fair’s only destination in Asia.
-- BERNAMA
OPENGEAR’S ADVANCED SOLUTIONS UNTANGLE IT MANAGEMENT COMPLEXITY
KUALA LUMPUR, Oct 9 (Bernama) -- Opengear, a Digi International company, has introduced two new advanced offerings that will simplify initial setup with zero-touch provisioning and ensure access to information technology (IT) infrastructure.
Opengear unveiled key enhancements for its Network Resilience Platform with the advanced solutions, namely Connected Resource Gateway (CRG) and Lighthouse Service Portal (LSP).
According to Opengear in a statement, the solutions dramatically reduce complexity and provide efficiency to IT organisations that are under vast pressure due to increasing demands to deliver results with fewer resources.
“Opengear is committed to delivering solutions that solve real-world challenges. Customers rely on Opengear's solution before their network is operational, when it is unavailable and for everyday IT operations.
“LSP provides zero-touch provisioning for Opengear appliances and CRG ensures immediate, reliable, and secure access to essential tasks when managing IT infrastructure,” said its Vice President of Product Management & Strategy, Douglas Wadkins.
Both CRG and LSP simplify the deployment process while providing ease of access, improved security, and simplified management when monitoring and managing IT infrastructure.
Available via the company’s Lighthouse software solution, CRG now enables IT professionals and networking tools to securely access connected IT resources through a web interface offering serial or Internet Protocol (IP)-based connectivity options.
Meanwhile, designed to simplify the deployment of data centre and edge site network infrastructure, LSP streamlines the provisioning of Opengear devices into the Lighthouse software.
Available through the Opengear customer portal and in conjunction with Lighthouse, LSP simplifies and secures the enrollment process, providing a smoother, more efficient starting point for IT management.
-- BERNAMA
H2O.AI AND SINGTEL DIGITAL INFRACO'S RE:AI FORGE PARTNERSHIP TO DELIVER GENERATIVE AI-AS-A-SERVICE
Brings together one of Asia’s leading digital infrastructure providers with the world’s leading Generative and Predictive AI to spur economic growth
HIGHLIGHTS:
HIGHLIGHTS:
- H2O.ai and Singtel Digital InfraCo’s RE:AI partner to bring sovereign AI for private, protected data.
- H2O.ai full stack AI software to be offered as a service on Singtel Digital InfraCo’s AI Cloud to reduce time to develop AI applications for public sector and commercial enterprise customers.
- The combined AI- and GPU-as-a-Service will offer customers a full stack cost-effective AI platform as a service bundled with powerful and state of the art GPU infrastructure from Singtel AI cloud, for Generative and Predictive AI to address a wide range of robust Document AI business use cases.
MOUNTAIN VIEW, Calif., Oct 10 (Bernama-BUSINESS WIRE) -- H2O.ai, the leader in open-source Generative AI and the most accurate Predictive AI platform, today announced a strategic partnership with Singtel’s Digital InfraCo to bring Generative AI-as-a-Service (GenAIaaS) to organizations across APAC. This partnership brings together H2O.ai's best-in-class Generative and Predictive AI with Singtel AI cloud’s powerful and secure GPU infrastructure to deliver a sovereign GenAI platform for private and public sector organizations with strict data protection needs.
H2O.ai Generative AI software suite will be integrated with Singtel’s Paragon platform that powers Singtel AI Cloud, to enable customers to reduce time to develop and deploy AI use cases with optimal total cost of ownership (TCO). Customers can skip the complexity and risk of building their own RAG and benefit from a robust, built-in enterprise multimodal agentic RAG through Enterprise h2oGPTe offered as an AI service on Singtel’s AI cloud powered by Singtel Paragon platform.
Singtel, an existing customer of H2O.ai, is expanding to offer H2O.ai full stack AI service to be integrated with Singtel Paragon platform to offer an “AI as a service” offering on Singtel GPU cloud. The unified AI as a Service solution that bundles the needed GPU infrastructure will offer customers a cost-efficient full stack AI platform for Generative and Predictive AI to address a wide range of robust Document AI business use cases.
Every nation needs to be an AI nation. Public servants and ministries worldwide need their sovereign AI agencies to fulfill their missions with great outcomes. To address both local and continental needs, nations must find economical ways to take AI from pilots to production.
AI will transform the GDP of the world and every nation and community by amplifying the economic output of the population with AI agents. With the right AI infrastructure, nations of any size can leverage AI to create significant growth and transform their economies.
Public servants and all ministries worldwide need their own GPTs and sovereign AI to fulfill their missions with great outcomes and serve their people and communities.
Our partnership with RE:AI represents the future of Generative AI—purpose-led, SLMs on protected data, open source, secure, hybrid and ubiquitous on the edge at a fraction of the economic cost for training and inference.
“H2O.ai is home to the world’s best AI talent with more Kaggle Grandmasters than any company or continent. With our open source community, partnership ecosystem and unique mindset of co-creation with customers we are transforming large banks, telcos and public sector by leveraging their data, upskilling their people, and building custom GenAI and Predictive AI for solving problems and bettering life of citizens globally,” says Sri Ambati, Founder and CEO of H2O.ai.
“As organizations move toward AI-driven solutions, our partnership with H2O.ai ensures that they have access to state-of-the-art Generative AI solutions developed on RE:AI’s cloud platform. Together, we’re enabling businesses to innovate faster, enhance customer experiences, and optimize internal operations with the power of AI,” says Bill Chang, CEO of Singtel Digital InfraCo.
In addition to the SingtelGPT products, H2O.ai has developed the H2O Danube3 series of small language models (SLMs), specifically designed for on-device, offline use cases. Trained on 100 H100 GPUs using a proprietary dataset of 6 trillion tokens, Danube3-4B and 0.5B models outperform Apple’s OpenELM-3B and 0.5B instruct models in key benchmarks. These open-weight SLMs offer developers economical options for fine-tuning their own AI applications. H2O.ai plans to release a series of multimodal SLMs in the coming weeks to further expand its AI offerings.
This collaboration between H2O.ai and Digital InfraCo marks a major step forward in bringing secure, scalable Generative AI-as-a-Service to organizations across APAC while ensuring data sovereignty and compliance.
About H2O.ai
Founded in 2012, H2O.ai is at the forefront of the AI movement to democratize Generative AI. H2O.ai’s open-source Generative AI and Enterprise h2oGPT, combined with Document AI and the award-winning autoML Driverless AI, have transformed more than 20,000 global organizations and over half of the Fortune 500, including AT&T, Commonwealth Bank of Australia, Chipotle, ADP, Workday, Progressive Insurance, and AES. H2O.ai’s AI for Good program supports nonprofit groups, foundations, and communities in advancing education, healthcare, and environmental conservation. With a vibrant community of 2 million data scientists worldwide, H2O.ai is on a mission to co-create AI applications that are valuable to all users.
H2O.ai has fundraised $256 million from investors including Commonwealth Bank, Nvidia, Goldman Sachs, Wells Fargo, Capital One, Nexus Ventures and New York Life.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20241009327124/en/
Contact
Media
Betty Candel
VP Marketing
betty.candel@h2o.ai
Source : H2O.ai
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