KUALA LUMPUR, March 31 (Bernama) -- Uniphore, the leader in Conversational Automation has announced its Unite App Alliance Partner Program.
A major pillar of the global Uniphore Unite Partner Program, the App Alliance program enables value-driven collaboration and cross-selling for participating Independent Software Vendors (ISV).
Participating ISVs will have greater access to and involvement in shaping the direction and strategy of tomorrow’s conversational AI, automation and supporting CX technology innovation.
Launched late last year, Uniphore’s Unite Partner Program is a comprehensive program that provides end-to-end support to the partner lifecycle, allowing partners to benefit from Uniphore’s market-leading conversational AI and automation technology to offer more robust support to joint customers.
The Unite App Appliance Partner Program takes this offering a step further by allowing expanded collaboration and complementary co-selling among participating ISVs.
“The role of CX has never been more important than today,” said Jafar Syed, SVP, Global Head of Channel Alliances & Partnerships at Uniphore.
“The Unite App Alliance Partner Program extends the power of our conversational AI and automation solutions by providing joint customers with additional choices and more functionality to address their specific needs,” he said in a statement.
Among others, benefits of the Uniphore App Alliance Partner Program include greater opportunities to expand market share through access to cross-selling; exposure on Uniphore’s website with partners’ logos and a solution webpage; and, joint marketing activities, including press release and joint collateral.
For more information, visit: https://www.uniphore.com/
-- BERNAMA
Thursday 31 March 2022
NIPPON EXPRESS (MIDDLE EAST) BECOMES FIRST JAPANESE LOGISTICS COMPANY TO ACQUIRE GDP CERTIFICATION IN MIDDLE EAST
TOKYO, Mar. 29, 2022 /Kyodo JBN-AsiaNet/ --
| Nippon Express (Middle East) L.L.C. (hereinafter "NX Middle East"), a group company of Nippon Express Holdings, Inc., on February 3, 2022, became the first Japanese logistics company in the Middle East to obtain Good Distribution Practice (GDP) certification for forwarding operations, inclusive of temporary storage, at its Jebel Ali Free Zone Logistics Center in Dubai, evidencing its compliance with GDP standards for the proper distribution of pharmaceuticals. Logo: https://kyodonewsprwire.jp/img/202203249072-O3-yM6iEBfY Photo1: NX Middle East Head Office https://kyodonewsprwire.jp/img/202203249072-O2-7fDG2zHr Photo2: Jebel Ali Free Zone Logistics Center https://kyodonewsprwire.jp/img/202203249072-O1-7p3Y74C0 The United Arab Emirates (UAE) has been making focused efforts to attract the healthcare industry, and numerous pharmaceutical manufacturers and R&D institutions are expected to set up operations there in future. Dubai, the largest city in the UAE, functions as a hub for COVID-19 vaccine transport in the Middle East and Africa, and is also home to the world's largest hub warehouse for pharmaceutical aid supplies from U.N. agencies such as the World Food Programme (WFP). Having acquired GDP certification for temporary storage and air/ocean forwarding of pharmaceutical products, NX Middle East will be combining the NX Group's international temperature-controlled transport services with temporary storage and forwarding functions at its GDP-certified warehouse to provide a safe and high-quality pharmaceutical distribution platform. The NX Group, formerly the Nippon Express Group which renamed its corporate group name following transition to a holding company system in January, will continue stepping up its initiatives in the pharmaceutical industry, identified as a priority industry in the Group's Business Plan, and globally enhancing and expanding its services to meet the increasingly sophisticated and diversified pharmaceutical transport needs of its customers. Name and address of facility Name: Jebel Ali Free Zone Logistics Center, Nippon Express (Middle East) L.L.C. Address: Jebel Ali Free Zone Plot No. S10701, Dubai, U.A.E. Nippon Express website: https://www.nipponexpress.com/ NX Group's official LinkedIn account: https://www.linkedin.com/company/nippon-express-group/ Source: Nippon Express Holdings, Inc. --BERNAMA |
Prestige Biopharma, Vaxine enter MOU for supply of COVID-19 Vaccine
KUALA LUMPUR, March 30 -- Prestige Biopharma Limited and Vaxine Pty Ltd have entered into a memorandum of understanding (MOU) to collaborate on the supply of Vaxine’s COVID-19 Vaccine, Covax-19® (also known as Spikogen®) and on the co-development of COVID-19/influenza combo vaccine.
Chief Executive Officer (CEO) of Prestige Biopharma, Lisa S. Park, in a statement, said: “We are very pleased to enter into an MOU with Vaxine, given their great strengths in creating novel vaccine technologies.
“With this partnership, Prestige will be able to accelerate the development of more effective and accessible vaccines and at the same time contribute to the growing global demand for vaccines in response to COVID-19 and potential future pandemics.”
Meanwhile, CEO of Vaxine, Dr Nikolai Petrovsky said: “Through this partnership with Prestige we look forward to accelerating all the vaccines currently in our extensive development pipeline, starting with our Covax-19 vaccine and a Covid-19/influenza combo vaccine, but also including our pre-pandemic avian H7N9 influenza and Japanese encephalitis programs.”
Through this MOU, Prestige and Vaxine will be building a long-term vaccine partnership, initially focused on manufacturing and commercialisation of Vaxine’s Covid-19 vaccine and then as Covid-19 enters an endemic phase development of a next generation Covid-19/influenza combo vaccine as well as other vaccine projects.
The MOU will bring together Prestige’s global scale vaccine manufacturing capacity & research expertise with Vaxine’s innovative vaccine technologies including its vaccines against COVID-19, seasonal and pandemic influenza, hepatitis B, Japanese encephalitis, dengue, malaria, allergy and cancer.
Prestige has expanded its business into development and manufacturing of vaccines through its global scale vaccine centre, starting with partnered commercial production of COVID-19 vaccines.
More details at www.prestigebiopharma.com.
-- BERNAMA
Wednesday 30 March 2022
Render doubles APAC, Eastern U.S. global footprints
KUALA LUMPUR, March 30 -- Render, the Zero DevOps Cloud Platform, announced it has expanded into new regions and now offers local hosting for U.S. East in Ohio and for APAC in Singapore.
According to a statement, with these new locations, Render has doubled its global footprint, gaining a competitive advantage over other key players in the space, including Heroku.
“Render now offers powerful, secure hosting and a superior developer experience at a fraction of the cost for customers in APAC,” said Chief Executive Officer of Render, Anurag Goel.
“This represents a significant milestone not just for Render, but for all developers in Asia who have previously had to choose between time consuming and expensive options like the Big 3 Cloud Providers, or PaaS alternatives without a local presence, which degrades end user experience.
“Additionally, our new US region in Ohio further supports the rapidly accelerating adoption of Render in the U.S., and makes it seamless for customers to migrate from Heroku.”
The APAC region in particular has been traditionally underserved by cloud PaaS solutions, making Render’s expansion into the area highly anticipated by current customers and prospective customers alike.
Render’s presence in Singapore will reduce network latency in the region by almost 90 per cent, allowing customers to run their workloads nearer to their audiences and giving end users the best possible experience interacting with products hosted on Render.
Additionally, developers in APAC can now avoid overly complex cloud offerings and wasteful DevOps spending and can build better products faster.
Render offers instant setup and usability, along with the customisation and flexibility of containerisation technology that enables teams to focus on product development instead of server management.
Render’s expansion into U.S. East will reduce network latency for users in the region by up to 25 per cent. Additionally, Heroku’s U.S. services are hosted in U.S. East, making it easy for Heroku customers to migrate to Render without having to switch the hosting region of their applications.
More details at https://render.com.
-- BERNAMA
According to a statement, with these new locations, Render has doubled its global footprint, gaining a competitive advantage over other key players in the space, including Heroku.
“Render now offers powerful, secure hosting and a superior developer experience at a fraction of the cost for customers in APAC,” said Chief Executive Officer of Render, Anurag Goel.
“This represents a significant milestone not just for Render, but for all developers in Asia who have previously had to choose between time consuming and expensive options like the Big 3 Cloud Providers, or PaaS alternatives without a local presence, which degrades end user experience.
“Additionally, our new US region in Ohio further supports the rapidly accelerating adoption of Render in the U.S., and makes it seamless for customers to migrate from Heroku.”
The APAC region in particular has been traditionally underserved by cloud PaaS solutions, making Render’s expansion into the area highly anticipated by current customers and prospective customers alike.
Render’s presence in Singapore will reduce network latency in the region by almost 90 per cent, allowing customers to run their workloads nearer to their audiences and giving end users the best possible experience interacting with products hosted on Render.
Additionally, developers in APAC can now avoid overly complex cloud offerings and wasteful DevOps spending and can build better products faster.
Render offers instant setup and usability, along with the customisation and flexibility of containerisation technology that enables teams to focus on product development instead of server management.
Render’s expansion into U.S. East will reduce network latency for users in the region by up to 25 per cent. Additionally, Heroku’s U.S. services are hosted in U.S. East, making it easy for Heroku customers to migrate to Render without having to switch the hosting region of their applications.
More details at https://render.com.
-- BERNAMA
Tuesday 29 March 2022
AM BEST AFFIRMS CREDIT RATINGS OF SUN HUNG KAI PROPERTIES INSURANCE LIMITED
HONG KONG, March 28 (Bernama-BUSINESS WIRE) -- AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Sun Hung Kai Properties Insurance Limited (SHKPI) (Hong Kong). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect SHKPI’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.SHKPI’s risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), is maintained at the strongest level. The higher-risk assets, including non-investment-grade bonds and unlisted equities, and some sector concentration in the company investment portfolio exposed its risk-adjusted capitalisation to considerable market and credit risks. However, AM Best considers the company’s capital buffer is sufficient to absorb the associated investment risks. The company’s reinsurance programme remained appropriate, with reinsurer panels in good credit quality.
Monday 28 March 2022
Smart building deployments exceed 115 million in 2026 - Juniper Research
KUALA LUMPUR, March 28 -- A new study from Juniper Research has found that the number of buildings globally deploying smart building technologies will reach 115 million in 2026, from 45 million in 2022.
According to a statement, this growth of over 150 per cent reflects increasing demand for energy efficiency from businesses and residents alike, as energy costs spike.
Juniper Research defines a smart building as a building that uses connectivity to enable economical use of resources, while creating a safe and comfortable environment for the occupants.
The new research, Smart Buildings: Key Opportunities, Competitor Leaderboard & Market Forecasts 2022-2026, found that by enabling buildings to monitor and automate common functions, significant efficiency gains can be made, while improving the environment for workers and residents.
The report recommends that vendors focus on building analytics platforms for the most value to be driven from deployments.
The research found that non-residential smart buildings will account for 90 per cent of smart building spend globally in 2026; at a similar level to 2022. This dominance is due to the larger economies of scale in commercial premises driving this spend, as well as the commercial focus of most smart building technologies.
In addition, the research found that the global shipments of sensors used in smart buildings will exceed one billion annually in 2026 from 360 million in 2022; representing a growth of 204 per cent.
Sensors, when combined with intelligent management platforms, will allow smart buildings to adapt to conditions; matching elements such as lighting, heating and ventilation to live requirements.
The report recommends that smart building vendors partner with AI vendors to maximise the benefits of automation, such as reduced energy costs and improved working environments.
Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and industry commentary.
-- BERNAMA
According to a statement, this growth of over 150 per cent reflects increasing demand for energy efficiency from businesses and residents alike, as energy costs spike.
Juniper Research defines a smart building as a building that uses connectivity to enable economical use of resources, while creating a safe and comfortable environment for the occupants.
The new research, Smart Buildings: Key Opportunities, Competitor Leaderboard & Market Forecasts 2022-2026, found that by enabling buildings to monitor and automate common functions, significant efficiency gains can be made, while improving the environment for workers and residents.
The report recommends that vendors focus on building analytics platforms for the most value to be driven from deployments.
The research found that non-residential smart buildings will account for 90 per cent of smart building spend globally in 2026; at a similar level to 2022. This dominance is due to the larger economies of scale in commercial premises driving this spend, as well as the commercial focus of most smart building technologies.
In addition, the research found that the global shipments of sensors used in smart buildings will exceed one billion annually in 2026 from 360 million in 2022; representing a growth of 204 per cent.
Sensors, when combined with intelligent management platforms, will allow smart buildings to adapt to conditions; matching elements such as lighting, heating and ventilation to live requirements.
The report recommends that smart building vendors partner with AI vendors to maximise the benefits of automation, such as reduced energy costs and improved working environments.
Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and industry commentary.
-- BERNAMA
Friday 25 March 2022
Conagen's 2 thaumatin protein natural sweeteners put table sugar in cold storage
KUALA LUMPUR, March 24 -- Food and beverages brands get two more tools for their sugar reduction toolkits as Conagen announced the successful scale-up production of two new high-intensity sweeteners, thaumatin I and thaumatin II.
According to a statement, the development will expand commercial partner Sweegen’s robust sugar reduction solutions of zero-sugar natural sweeteners.
“Conagen constantly improves its protein and peptide production platforms to generate more exciting new products,” said vice president of innovation at Conagen, Casey Lippmeier.
“In this case, the platform has been leveraged to make thaumatin by several innovative approaches, but under a significantly shorter R&D timeline.”
Thaumatin is a group of proteins found in the fruits of the tropical plant Thaumatococcus danielli. Each protein, thaumatin I and thaumatin II, varies slightly in sweetness profiles.
Both proteins have been evaluated as 100,000 times sweeter than sugar on a molar basis and 3,000 times sweeter on a weight basis.
The thaumatin proteins were developed from Conagen’s peptide production platform, which had previously been used for the scaled production of another peptide sweetener, brazzein.
The desire for natural sweeteners will drive the demand for fruit and plant-based sweeteners, such as thaumatin and stevia, respectively.
The main advantages to sweetening food and beverages with thaumatin are its familiarity and acceptance by consumers and the fact that it is approved for use in products by the majority of the countries.
Conagen is a product-focused, synthetic biology R&D company with large-scale manufacturing service capabilities. More details at www.conagen.com.
-- BERNAMA
WORLD WATER DAY 2022: MARY KAY RECOMMITS TO RESPONSIBLE, SUSTAINABLE WATER MANAGEMENT
KUALA LUMPUR, March 25 (Bernama) -- This World Water Day, Mary Kay Inc recommits to responsible and sustainable water management to ensure the ongoing availability of water as an essential resource to meet the needs of the environment and communities globally.
Water is at the heart of Mary Kay’s sustainability strategy and crucial to its manufacturing processes. Implementing good water stewardship principles is critical for Mary Kay to reach its sustainability goals, striving to ensure water use for human and economic needs does not disrupt sustainable water cycles or cause ongoing harm to nature and biodiversity.
Recent water efforts at Mary Kay facilities include: Water use at U.S. Mary Kay-owned facilities decreased 36 per cent from 2012-2017.
At Mary Kay’s manufacturing facility in Hangzhou, China, significant strides toward water conservation include reduced potable water use by 34 per cent, which saves approximately 913,480 gallons of potable water per year; reverse osmosis (RO) reject water reuse; and, wastewater treatment upgrade.
“As a global sustainability advocate, Mary Kay is dedicated to playing an important role in collective efforts to cause no harm to the environment and to ensure communities and economies prosper,” said Deborah Gibbins, Chief Operating Officer at Mary Kay Inc in a statement.
“Mary Kay will continue to build upon its progress and work toward its commitment of reducing water utilisation in our manufacturing processes by 30 per cent by the year 2030 versus a 2020 baseline per kilogram bulk produced.
“Achieving Alliance for Water Stewardship (AWS) Core Certification for Mary Kay manufacturing facilities in the U.S. and China will help move us closer to our goals.”
For more information, visit marykayglobal.com.
-- BERNAMA
WESTERN UNION PARTNERS WITH ARTAJASA TO OFFER MONEY TRANSFER PAYOUTS INTO BANK ACCOUNTS AND WALLETS
Collaboration with Indonesia’s Payment Switching Company to Enable Convenient Inbound Bank Account Payouts; Wallet Payouts to Launch Later this Year
JAKARTA, Indonesia, March 23 (Bernama-BUSINESS WIRE) -- Western Union, a global leader in cross-border, cross-currency money movement and payments, has announced PT Artajasa Pembayaran Elektronis (Artajasa) as its newest bank account and wallet payout partner in Indonesia. Artajasa is a pioneer in the market of electronic transactions in Indonesia.
The collaboration will enable customers to receive international money transfers in minutes¹ into their bank accounts across all major banks in Indonesia. Payout into wallets will launch later this year.
“The increasing demand for financial connectivity and rising expectations for immediate access means more people are looking for easy and trusted ways to move their money, especially into bank accounts,” said K. Premmananth, Head of Singapore, Indonesia and North Asia, Western Union. “Our collaboration with Artajasa adds to Western Union’s growing portfolio of money movement options and offers customers the trust and reliability, combined with the speed, transparency and seamless experience they expect as they move their hard-earned money.”
Founded in 2000, Artajasa has also developed network solutions for bill payments across various industries, including telecommunications, utilities, insurance, finance and education. With more than 20 years of experience in payment systems, Artajasa ensures a high level of security, integrity and monitoring for all levels and types of transactions processed.
“At Artajasa, we understand the diverse needs of our customers and are committed to advancing innovations to meet these needs,” said Siti Hidayati, Director of Artajasa. “Customers today are living ever more interconnected digital lives and we are excited to come together with Western Union, offering customers the ability to receive money into their bank accounts and wallets conveniently and reliably.”
Over the last few years, Western Union has accelerated its account-based payout options, including bank account, wallet or card payout, ensuring robust connectivity for customers. Globally, Western Union can process payouts into billions of bank accounts, including millions of wallets and cards across more than 130 countries and territories, with real-time capabilities in 100 of these countries. Additionally, it also offers payout in cash via its extensive global retail network across 200+ countries and territories.
About Western Union
The Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments. Western Union’s platform provides seamless cross-border flows and its leading global financial network bridges more than 200 countries and territories and over 130 currencies. We connect consumers, businesses, financial institutions, and governments through one of the world’s widest reaching networks, accessing billions of bank accounts, millions of digital wallets and cards, and a substantial global network of retail locations. Western Union connects the world to bring boundless possibilities within reach. For more information, visit www.westernunion.com.
About PT Artajasa Pembayaran Elektronis (ARTAJASA)
PT Artajasa Electronic Payment (Artajasa) is a pioneer in the banking infrastructure network provider in Indonesia. Since its establishment on February 10, 2000, Artajasa has been focusing on working on the electronic transaction market in Indonesia. One of our services is ATM Bersama, which is an ATM system infrastructure that can be shared by several banks so that the bank's customers can use the facilities of other banks incorporated in the network. At present, ATM Bersama has 91 members, consisting of state banks, national private banks, foreign banks, BPD banks throughout Indonesia, BPRs, and Non-Bank Institutions (LSB) with more than 77,000 ATM terminals spread from Aceh to Papua. Artajasa also provides Online Payment solutions for billing providers, such as telecommunications services, finance companies, credit card issuers, education, utility companies and insurance companies that allow its users to pay bills through any delivery channel available. For more information about Artajasa, please visit https://www.artajasa.co.id/corporate.
The collaboration will enable customers to receive international money transfers in minutes¹ into their bank accounts across all major banks in Indonesia. Payout into wallets will launch later this year.
“The increasing demand for financial connectivity and rising expectations for immediate access means more people are looking for easy and trusted ways to move their money, especially into bank accounts,” said K. Premmananth, Head of Singapore, Indonesia and North Asia, Western Union. “Our collaboration with Artajasa adds to Western Union’s growing portfolio of money movement options and offers customers the trust and reliability, combined with the speed, transparency and seamless experience they expect as they move their hard-earned money.”
Founded in 2000, Artajasa has also developed network solutions for bill payments across various industries, including telecommunications, utilities, insurance, finance and education. With more than 20 years of experience in payment systems, Artajasa ensures a high level of security, integrity and monitoring for all levels and types of transactions processed.
“At Artajasa, we understand the diverse needs of our customers and are committed to advancing innovations to meet these needs,” said Siti Hidayati, Director of Artajasa. “Customers today are living ever more interconnected digital lives and we are excited to come together with Western Union, offering customers the ability to receive money into their bank accounts and wallets conveniently and reliably.”
Over the last few years, Western Union has accelerated its account-based payout options, including bank account, wallet or card payout, ensuring robust connectivity for customers. Globally, Western Union can process payouts into billions of bank accounts, including millions of wallets and cards across more than 130 countries and territories, with real-time capabilities in 100 of these countries. Additionally, it also offers payout in cash via its extensive global retail network across 200+ countries and territories.
About Western Union
The Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments. Western Union’s platform provides seamless cross-border flows and its leading global financial network bridges more than 200 countries and territories and over 130 currencies. We connect consumers, businesses, financial institutions, and governments through one of the world’s widest reaching networks, accessing billions of bank accounts, millions of digital wallets and cards, and a substantial global network of retail locations. Western Union connects the world to bring boundless possibilities within reach. For more information, visit www.westernunion.com.
About PT Artajasa Pembayaran Elektronis (ARTAJASA)
PT Artajasa Electronic Payment (Artajasa) is a pioneer in the banking infrastructure network provider in Indonesia. Since its establishment on February 10, 2000, Artajasa has been focusing on working on the electronic transaction market in Indonesia. One of our services is ATM Bersama, which is an ATM system infrastructure that can be shared by several banks so that the bank's customers can use the facilities of other banks incorporated in the network. At present, ATM Bersama has 91 members, consisting of state banks, national private banks, foreign banks, BPD banks throughout Indonesia, BPRs, and Non-Bank Institutions (LSB) with more than 77,000 ATM terminals spread from Aceh to Papua. Artajasa also provides Online Payment solutions for billing providers, such as telecommunications services, finance companies, credit card issuers, education, utility companies and insurance companies that allow its users to pay bills through any delivery channel available. For more information about Artajasa, please visit https://www.artajasa.co.id/corporate.
¹Funds may be delayed based on certain conditions, including amount sent, receiving financial institution, regulatory requirements, and differences in time zones.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220322005636/en/
Contact
Western Union
Karen Santos; Karen.Santos2@westernunion.com
Artajasa:
Ratih Febriana; ratih.febriana@artajasa.co.id
Source : The Western Union Company
--BERNAMA
GLOBAL SURVEY VALIDATES THE EMERGENCE OF A NEW PRACTICE AREA IN ENTERPRISE IT VALUED AT $30 BILLION
Corporate Leaders are practicing Enterprise Liquidity Management to protect balance sheets, drive new post-pandemic growth opportunities
SAN DIEGO & PARIS, March 25 (Bernama-BUSINESS WIRE) -- Kyriba, (“the Company”) a global leader of cloud-based finance and IT solutions, today announced the results of a major IDC survey commissioned by Kyriba. The global survey results of over 800 corporate finance executives validate the emergence of a new practice area in Enterprise IT that includes risk management, payments, real-time connectivity, treasury management and working capital finance. The survey further confirms that predictive analytics, APIs, and artificial intelligence are key integrated technologies required by financial leaders to optimize enterprise liquidity.
Leading CFOs leverage technology integration to unify financial data and processes
The survey highlights a group (“leaders”) who outperformed the survey set in operational efficiency, technology adoption, and process maturity:
SAN DIEGO & PARIS, March 25 (Bernama-BUSINESS WIRE) -- Kyriba, (“the Company”) a global leader of cloud-based finance and IT solutions, today announced the results of a major IDC survey commissioned by Kyriba. The global survey results of over 800 corporate finance executives validate the emergence of a new practice area in Enterprise IT that includes risk management, payments, real-time connectivity, treasury management and working capital finance. The survey further confirms that predictive analytics, APIs, and artificial intelligence are key integrated technologies required by financial leaders to optimize enterprise liquidity.
Leading CFOs leverage technology integration to unify financial data and processes
The survey highlights a group (“leaders”) who outperformed the survey set in operational efficiency, technology adoption, and process maturity:
- Enterprise Liquidity: 51% of leaders can produce a consolidated view of cash and liquidity in under one hour compared to 8% of the less equipped companies;
- Risk Reduction: 79% of leaders have implemented very effective payment fraud prevention with only 16% of laggards reporting confidence in their programs; 69% of leaders effectively hedge to protect their liquidity with less than 5% of laggards reporting well performing hedge programs;
- Real-Time Decisions: 93% of leaders leverage real-time insights compared to only 36% of less digitized organizations, while 85% of leaders integrate real-time data from partners and third-party members into their enterprise platforms;
- Investing in Technology: 51% of leaders and 43% of all respondents are planning to increase expenditures on liquidity platforms.
CFOs confirm the emergence of a liquidity management practice
“CFOs’ new mission is to identify and activate all possible sources of liquidity to continually adapt to new global volatility. This survey confirms that very digitized organizations are inventing new liquidity management practices that mitigate risk while optimizing treasury, payments and working capital finance enterprise-wide and in real-time. Their CFOs deliver actionable intelligence downstream to business decision-makers by transforming data through AI and API-enabled platforms. We are witnessing the birth of a new category of software - Enterprise Liquidity Management,” said Samuel Guillon, SVP Strategy at Kyriba.
“We believe that liquidity management platforms can help CFOs improve the new practices they have already established to build resilience, generate value and unlock growth,” said Guillon.
Liquidity management is reshaping the vendor software market to create a new estimated $30b business
“Overall, the survey findings show the increasing importance of liquidity to financial leaders. The Office of the CFO is becoming a liquidity office, driving transformation through data-driven business decisions. Financial leaders demand systems that are built to aggregate, analyze and disseminate data. This need is driving the emergence of intelligent platforms built upon APIs and unified data. The survey demonstrates that CFOs recognize the need to invest in the tools, skills and resources to manage liquidity at an enterprise level,” said Kevin Permenter, Research Director, Financial Applications at IDC.
“There is a massive opportunity here for vendors to step in and help CFOs as their role changes. Taken together, we estimated the total available market for such Enterprise Liquidity Management software at $30 billion in 2021, but the longer-term opportunities for software vendors are much larger,” said Permenter.
The IDC White Paper, commissioned by Kyriba, A New Practice Area Emerges for CFOs: Enterprise-wide Liquidity Management, doc #US48341221, November 2021, is available here.
The survey was conducted online by IDC in August 2021 amongst 811 treasurers based in the US (31%), Europe (53%) and Asia (16%).
About Kyriba:
Kyriba empowers CFOs, Treasurers, and their IT counterparts to transform treasury, payments, working capital, and connectivity solutions to activate liquidity as a dynamic, real-time vehicle for growth and value creation. Kyriba is a secure, scalable SaaS platform that leverages artificial intelligence, automates payments workflows, and enables thousands of multinational corporations and banks to maximize growth, protect against loss from fraud and financial risk, and reduce operational costs. With 2,000 clients worldwide, including 25% of Fortune 500 and Eurostoxx 50 companies, Kyriba manages more than 1.3 billion bank transactions per year, and 250 million payments for a total value of $15 Trillion annually.
Kyriba is headquartered in San Diego, with offices globally. For more information, visit www.kyriba.com.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20220324005223/en/
Contact
Americas
Daniel Shaffer
dshaffer@kyriba.com
+1 858-263-2218
EMEA
Caroline Peyrat
caroline.peyrat@kyriba.com
+33633372920
Source : Kyriba
“CFOs’ new mission is to identify and activate all possible sources of liquidity to continually adapt to new global volatility. This survey confirms that very digitized organizations are inventing new liquidity management practices that mitigate risk while optimizing treasury, payments and working capital finance enterprise-wide and in real-time. Their CFOs deliver actionable intelligence downstream to business decision-makers by transforming data through AI and API-enabled platforms. We are witnessing the birth of a new category of software - Enterprise Liquidity Management,” said Samuel Guillon, SVP Strategy at Kyriba.
“We believe that liquidity management platforms can help CFOs improve the new practices they have already established to build resilience, generate value and unlock growth,” said Guillon.
Liquidity management is reshaping the vendor software market to create a new estimated $30b business
“Overall, the survey findings show the increasing importance of liquidity to financial leaders. The Office of the CFO is becoming a liquidity office, driving transformation through data-driven business decisions. Financial leaders demand systems that are built to aggregate, analyze and disseminate data. This need is driving the emergence of intelligent platforms built upon APIs and unified data. The survey demonstrates that CFOs recognize the need to invest in the tools, skills and resources to manage liquidity at an enterprise level,” said Kevin Permenter, Research Director, Financial Applications at IDC.
“There is a massive opportunity here for vendors to step in and help CFOs as their role changes. Taken together, we estimated the total available market for such Enterprise Liquidity Management software at $30 billion in 2021, but the longer-term opportunities for software vendors are much larger,” said Permenter.
The IDC White Paper, commissioned by Kyriba, A New Practice Area Emerges for CFOs: Enterprise-wide Liquidity Management, doc #US48341221, November 2021, is available here.
The survey was conducted online by IDC in August 2021 amongst 811 treasurers based in the US (31%), Europe (53%) and Asia (16%).
About Kyriba:
Kyriba empowers CFOs, Treasurers, and their IT counterparts to transform treasury, payments, working capital, and connectivity solutions to activate liquidity as a dynamic, real-time vehicle for growth and value creation. Kyriba is a secure, scalable SaaS platform that leverages artificial intelligence, automates payments workflows, and enables thousands of multinational corporations and banks to maximize growth, protect against loss from fraud and financial risk, and reduce operational costs. With 2,000 clients worldwide, including 25% of Fortune 500 and Eurostoxx 50 companies, Kyriba manages more than 1.3 billion bank transactions per year, and 250 million payments for a total value of $15 Trillion annually.
Kyriba is headquartered in San Diego, with offices globally. For more information, visit www.kyriba.com.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20220324005223/en/
Contact
Americas
Daniel Shaffer
dshaffer@kyriba.com
+1 858-263-2218
EMEA
Caroline Peyrat
caroline.peyrat@kyriba.com
+33633372920
Source : Kyriba
Thursday 24 March 2022
'ORBITS' SELECTED FINAL DESIGN FOR NEW COLD WAR VETERANS MEMORIAL
KUALA LUMPUR, March 23 (Bernama) -- In April last year, the Pritzker Military Museum & Library, located in Chicago, launched an international competition for the new Cold War Veterans Memorial to be built in Somers, Wisconsin, as a part of the Pritzker Archives & Memorial Park Center (PAMPC) project.
After reviewing an impressive number of inspiring design concepts, Orbits, designed by Jenny Wu and Dwayne Oyler of Oyler Wu Collaborative in Los Angeles, California, was selected as the final design of the competition.
“Each submitted design was remarkable and very inspiring. The final decision was tough, but after much discussion, we believe that the Orbits design will truly resemble a place where everyone who contributed to the Cold War will be honoured,” said Col Jennifer Pritzker, Founder of the Pritzker Military Museum & Library in a statement.
“This memorial is special and very dear to many because people who sacrificed during this era are not recognised enough. Our goal is to make sure that our gratitude to these individuals is signified through this project.”
From its formal structure to its shaped surroundings, the memorial emerges from the ground to become an architectural tribute to Cold War veterans, embodying the dedication, optimism, and hope that is emblematic of their enduring spirit.
Collectively, the memorial unifies these complex narratives through juxtaposition, recognising its interconnected history - one of sacrifice, triumph, and innovation.
The concept Orbits by Oyler Wu Collaborative received the unanimous recommendation of the jury as the selected design and the design team. In their summary report, the Jury said the imagery of this concept invites discovery, the setting is respectful of the site, and a variety of paths and experiences can be explored and provide a palette for interpretation.
The Design Competition was a two-stage juried process. Stage 1 was an open call to submit design concepts for the memorial. In Stage 2, the finalists evolved their concepts for the memorial to create fully defined designs.
The design challenge was to provide a conceptual design for the Cold War Veterans Memorial that embraces the mission statement, exemplifies the guiding vision, and achieves the design goals authored by the Cold War Veterans Memorial Steering Committee.
The finalists rose to the challenge and submitted designs that showed their passionate exploration of how to portray the scale and complexity of the Cold War for current and future generations.
-- BERNAMA
Wednesday 23 March 2022
Cambodia's Vattanac Bank partners EMQ, facilitating real-time cross-border Asia payments
KUALA LUMPUR, March 23 (Bernama) -- Vattanac Bank, a leading Bank in Cambodia has announced a partnership with global payments network EMQ, to facilitate real-time cross-border payments across Asia, with more markets in the pipeline.
By integrating with EMQ’s API-enabled payments platform, Vattanac Bank can further expand to new geographies and provide their customers with multi-currency payout to mobile wallets, bank accounts or cash pickup in the region.
“Simplifying cross-border payments for our customers has always been a key focus for EMQ as we continue to enhance our real-time payment capabilities that help businesses improve efficiency and optimise their working capital,” said EMQ co-founder and CEO, Max Liu in a statement.
“We are committed to helping Vattanac Bank in its ongoing transformation journey as it strives to address evolving customer needs and build the next generation of banking experiences.”
EMQ’s real-time payment capabilities span across Europe (Sepa Zone), Hong Kong, China, Thailand, Singapore, South Korea, India, Indonesia, Cambodia, Vietnam, Nepal, Pakistan, the Philippines, the United Kingdom, and 19 markets in Africa, with expansion underway in the United States, Canada and Latin America, with the company currently licensed in Hong Kong, Singapore, Indonesia and registered as a Money Service Business in Canada.
Meanwhile, Vattanac Bank CEO, Chan Kok Choy said: “Our customers are at the core of our business and we are always looking for ways to improve our services that enable them to seamlessly transfer funds with prompt payout in local currencies to meet their needs.”
“The speed and scale of EMQ’s global network allows us to deliver a more convenient, cost-effective and secure payment experience for our customers. We are excited to partner with EMQ to expand our services in more markets beyond Cambodia.”
Powered by EMQ’s real-time payments network and Vattanac Bank’s capabilities, customers in Cambodia will be able to make instant or same-day fund transfers to Singapore, Malaysia, Indonesia, Vietnam, Thailand and the Philippines, while enjoying multiple payout options including mobile wallets, bank accounts, and cash pickup.
EMQ’s integrated payments platform enables financial institutions and enterprises to build flexible solutions that support multiple use cases and can reach a variety of payment endpoints from anywhere in the world through a single EMQ Connect API integration.
For more information, visit www.emq.com.
-- BERNAMA
By integrating with EMQ’s API-enabled payments platform, Vattanac Bank can further expand to new geographies and provide their customers with multi-currency payout to mobile wallets, bank accounts or cash pickup in the region.
“Simplifying cross-border payments for our customers has always been a key focus for EMQ as we continue to enhance our real-time payment capabilities that help businesses improve efficiency and optimise their working capital,” said EMQ co-founder and CEO, Max Liu in a statement.
“We are committed to helping Vattanac Bank in its ongoing transformation journey as it strives to address evolving customer needs and build the next generation of banking experiences.”
EMQ’s real-time payment capabilities span across Europe (Sepa Zone), Hong Kong, China, Thailand, Singapore, South Korea, India, Indonesia, Cambodia, Vietnam, Nepal, Pakistan, the Philippines, the United Kingdom, and 19 markets in Africa, with expansion underway in the United States, Canada and Latin America, with the company currently licensed in Hong Kong, Singapore, Indonesia and registered as a Money Service Business in Canada.
Meanwhile, Vattanac Bank CEO, Chan Kok Choy said: “Our customers are at the core of our business and we are always looking for ways to improve our services that enable them to seamlessly transfer funds with prompt payout in local currencies to meet their needs.”
“The speed and scale of EMQ’s global network allows us to deliver a more convenient, cost-effective and secure payment experience for our customers. We are excited to partner with EMQ to expand our services in more markets beyond Cambodia.”
Powered by EMQ’s real-time payments network and Vattanac Bank’s capabilities, customers in Cambodia will be able to make instant or same-day fund transfers to Singapore, Malaysia, Indonesia, Vietnam, Thailand and the Philippines, while enjoying multiple payout options including mobile wallets, bank accounts, and cash pickup.
EMQ’s integrated payments platform enables financial institutions and enterprises to build flexible solutions that support multiple use cases and can reach a variety of payment endpoints from anywhere in the world through a single EMQ Connect API integration.
For more information, visit www.emq.com.
-- BERNAMA
Hitachi Energy's advanced grid connection for world's largest eucalyptus pulp mill in Brazil
KUALA LUMPUR, March 22 -- Hitachi Energy, the global technology and market leader in power grids, announced it has won an order from Suzano, the world’s leading eucalyptus pulp producer, to design and deliver a complete grid connection solution for the company’s new pulp mill in Brazil.
One of Latin America’s largest paper producers, Suzano’s new factory will be the world’s largest single-line eucalyptus pulp mill and Brazil’s first pulp production facility to be fossil fuel free when completed in the second half of 2024.
It will have an annual production capacity of 2.5 million tonnes and will increase Suzano’s output by 20 per cent. About half of the electricity generated will be transferred to the national power grid, enough to supply around 2.3 million people for one month.
According to a statement, the two companies have worked closely together on grid solutions for Suzano’s fleet of mills over the past 20 years.
In this spirit of collaboration and co-creation, Hitachi Energy has contributed its pioneering technologies and unique system integration capabilities, engineering expertise and extensive experience of local grid code requirements.
“We are honoured and delighted to be working with Suzano again on this landmark project that sets a new benchmark in sustainable pulp production and shares its emission-free electricity with society at large,” said Managing Director of Hitachi Energy’s Grid Integration business, Niklas Persson.
Meanwhile, Engineering Director at Suzano, Mauricio Miranda said: “We chose Hitachi Energy as our technology partner based on more than 20 years of successful collaboration and consistent delivery of innovative, reliable solutions and exceptional project execution.”
Hitachi Energy will supply a state-of-the-art grid connection solution to enable the surplus renewable power to be transferred reliably, safely and securely into the national power grid.
The solution’s compact footprint is based on advanced gas-insulated switchgear and offers excellent performance in terms of efficiency and availability, while minimising the total lifecycle cost and CO2 footprint.
To secure reliability and availability, key elements of the grid connection, such as the transformers will be equipped with Hitachi Energy’s digital monitoring systems to provide real-time data and performance insights and enable predictive maintenance.
-- BERNAMA
NO VIRUS TRANSMISSION AT 300 STORES WITH SEOUL VIOSYS AIR PURIFYING STERILISER
KUALA LUMPUR, March 22 (Bernama) -- Seoul Viosys, a global optical semiconductor company, has provided free air purifying sterilisers applied with Violeds, its UV LED sterilisation solution technology, to more than 300 self-employed people suffering from COVID-19 pandemic.
Later, when surveyed by phone, the beneficiaries said there was no outbreak of virus transmission at their stores, according to the Seoul Viosys announcement on the 17th.
“We have provided all licences related to the air purifying sterilisers so that FDSYS can sell the Violeds solution with proven technology. Seoul Viosys will continue to uphold the principle of No Competition with Our Customers,” said Chief Executive Officer of Seoul Viosys, Lee Young-joo.
Starting in 2020, Seoul Viosys conducted the ‘Violeds Sterilization Solution Campaign’ twice in its efforts for technological contribution.
Seoul Viosys recruited participants from restaurants and government offices that accommodate more than 100 people and supplied its air sterilisation module with Violeds technology to about 200 places for free, and none of the module-installed sites experienced virus transmission.
However, because each business site had different structures of the heating and cooling equipment, it was difficult to modify the product specification to achieve an optimal sterilisation effect, according to a statement.
Therefore, Seoul Viosys invested KRW 1 billion to develop an air purifying steriliser with FDSYS, a local home appliance company, which can be used independently while increasing user convenience and sterilising a large area in a short time.
In November 2021, Seoul Viosys carried out its 3rd technology contribution project for public safety and small business owners suffering from COVID-19. Participants were recruited through the website, and the final 300 owners were given the air purifying sterilisers for free of charge.
In a survey of air purifying steriliser users, 98 per cent of those were willing to recommend the products, indicating high satisfaction among them.
More details at http://www.seoulviosys.com/en/.
-- BERNAMA
KODAK MOMENTS DECLARES 120 FORMAT GOLD 200 FILM
KUALA LUMPUR, March 22 (Bernama) -- Kodak Moments, a division of Kodak Alaris, continues the expansion of its colour film portfolio with the launch of Kodak Professional Gold 200 film in a new 120 format 5-roll pro-pack for medium format cameras to satisfy consumer demand.
“The 120 film format was introduced back in 1901 for the Brownie No 2 camera,” said Thomas Mooney, Manager Film Capture Products, Kodak Moments Division.
“Although it’s been around for 120 years, it’s still one of the most popular film formats in use today. One main reason for its popularity is that the larger film negative can be enlarged significantly without losing image quality.
“This is a great opportunity for aspiring photographers looking to make the jump from 35mm to medium format photography,” he said in a statement.
The new 120 format Kodak Professional Gold 200 is an affordable, entry-level colour film featuring an ideal combination of warm saturated colour, fine grain, and high sharpness, designed for photographers shooting at any level for daylight and flash capture.
The 120 format Gold 200 Film is now available for dealers, retailers, and distributors around the world and is intended to be priced 25 per cent lower than the comparable PORTRA and EKTAR offerings.
Kodak Moments is a leading global provider of photo products and services to retailers, consumers, and entertainment properties.
For more information, visit www.kodakprofessional.com.
-- BERNAMA
TDCX makes presentation at Credit Suisse Asian Investment Conference 2022
KUALA LUMPUR, March 22 -- TDCX Inc (TDCX or the Company) has announced that senior management will attend and make presentation at Credit Suisse Asian Investment Conference 2022 on March 22 and 23, 2022.
TDCX, a leading high-growth digital customer experience solutions provider for technology and blue-chip companies, in a statement said the presentation would be available on the investor relations section of its website at investors.tdcx.com.
TDCX provides transformative digital CX solutions, enabling world-leading and disruptive brands to acquire new customers, to build customer loyalty and to protect their online communities.
The Company employs over 14,000 employees across 26 campuses globally, specifically Singapore, where it is headquartered, Malaysia, Thailand, the Philippines, Mainland China Hong Kong South Korea Japan India Romania Spain and Colombia.
More details at www.tdcx.com.
-- BERNAMA
Taconic Biosciences enhances rasH2 Carcinogenicity Test System access in Asia-Pacific
KUALA LUMPUR, March 22 -- Taconic Biosciences has appointed Nomura Siam International Co Ltd (NSI) and Nomura Jimusho Inc (NJI) as sales agents and distributors of the rasH2 Mouse Carcinogenicity Test System in India and China, respectively.
“The rasH2 model has delivered on the promise of transgenic technology by demonstrating exceptional value in carcinogenicity assessment of new drugs, and the worldwide adoption of this system is a testament to its advantages in terms of speed, specificity, and total cost,” said vice president commercial products at Taconic, Dr Michael Seiler.
According to Taconic Biosciences, a global leader in providing drug discovery animal model solutions, in a statement, these distribution arrangements greatly improve rasH2 access for the burgeoning pharmaceutical industry in the Asia-Pacific region.
The rasH2 transgenic mouse model is the only short-term (six-month) carcinogenicity test system that is both accepted by global regulatory authorities and readily available in commercial production.
Invented by the Central Institute for Experimental Animals (CIEA), the rasH2 model is widely used as an alternative to the 2-year carcinogenicity bioassay, providing a faster, more accurate test system that better aligns with Russell & Burch's 3R tenets.
Taconic and CLEA Japan Inc (CLEA) have provided validated and consistent rasH2 mice for use in North America, Europe, and Asia since 2006, though access in India and China has been limited.
As drug discovery and development activity increases in India and China, access to a carcinogenicity assay that is accepted by the US Food and Drug Administration (FDA) and European Medicines Agency (EMA), as well as local authorities, is vital.
Under the new agreement, NSI serves as sales agent and distributor for India and NJI as sales agent and distributor for China. These distributors and sales agents greatly simplify the transaction process for users located in these countries.
NSI and NJI will leverage CLEA and Taconic production colonies in Japan, Denmark, and the US to meet customer demand, facilitating investigator access.
-- BERNAMA
Tuesday 22 March 2022
NIELSENIQ ACQUIRES RETAIL AI PLATFORM PROVIDER CIVALUE
CHICAGO, March 22 (Bernama-BUSINESS WIRE) -- Today, NielsenIQ announced they have acquired ciValue, a SaaS (Software as a Service) vendor of choice for retailers globally that powers loyalty programs with advanced AI technology. With this acquisition, NielsenIQ’s Retail Media vertical takes its next steps towards enabling smarter, more automated and more scalable retail media programs.
Integrating ciValue’s global platform assets into NielsenIQ’s powerful Connect platform will provide innovative capabilities for retailers, including audience building and insights. This dynamic platform will also support personalization capabilities that are incremental to NielsenIQ's core capabilities, which the retail industry relies on for critical decision making.
“Integrating the ciValue platform with Connect is a game changer for retailers globally,” says Xavier Facon, Global Head of Retail Media with NielsenIQ. “This SaaS-based collaborative solution will promptly deliver insights that align retailers and their brand partners with what consumers want, executing personalized content across physical and digital channels.
In today’s highly competitive marketplace, retailers require solutions that will allow them to easily analyze consumer data. NielsenIQ and ciValue’s solutions will enable retailers to gain insights, work smarter and to accelerate business opportunities. By creating engagements that matter for retailers, brands and their customers, clients who leverage Connect can achieve new revenue streams, sales growth, and increase share of wallet through customer-centric merchandising and marketing.
"NielsenIQ is a long-time investor and partner of ciValue and their dedication to making retail a win-win-win world was always apparent,” said Beni Basel, ciValue CEO & Founder. “Joining NielsenIQ enables ciValue to expand its retail intelligence offering to more retailers, brands, and more importantly, allows us to further grow data-driven decisions to satisfy customers worldwide."
“We are excited that ciValue is joining the NielsenIQ team to continue to build and support the best AI powered tools for retailers globally,” says David Johnson, President Global Retail, NielsenIQ. “The integrated platform will support groundbreaking personalization activities for the global retail industry to meet the demand for fast and reliable customer analytics and personalization.”
About NielsenIQ
NielsenIQ is the leader in providing the most complete, unbiased view of consumer behavior, globally. Powered by a groundbreaking consumer data platform and fueled by rich analytic capabilities, NielsenIQ enables bold, confident decision-making for the world’s leading consumer goods companies and retailers.
Using comprehensive data sets and measuring all transactions equally, NielsenIQ gives clients a forward-looking view into consumer behavior in order to optimize performance across all retail platforms. Our open philosophy on data integration enables the most influential consumer data sets on the planet. NielsenIQ delivers the complete truth.
NielsenIQ, an Advent International portfolio company, has operations in nearly 100 markets, covering more than 90% of the world’s population. For more information, visit NielsenIQ.com.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20220321005177/en/
Contact
Media Relations
Fernanda Paredes Fernanda.paredes@nielseniq.com
Gillian Mosher gillian.mosher@nielseniq.com
Source : NielsenIQ
Tibetans spoilt for choice, with more fruit, vegetables on the table
KUALA LUMPUR, March 21 -- Sunday is a weekly shopping day for Tashi's family. As for groceries, the family is spoilt for choice, with much more than previously.
“When I was a child, dumplings and canned food were my dream feast,” said 70-year-old Tashi while shopping in Porgor Street of Lhasa, capital of southwest China's Tibet Autonomous Region.
Today, he has a variety of edible oils to choose from, while browsing at a supermarket. “I have so many choices, just to buy cooking oil, including olive oil, walnut oil, rapeseed oil, and so on.”
According to a statement, in 1959, Tibet's total grain output was only about 180,000 tonnes.
Fast forward to 2021. Tibet’s booming express delivery enterprises changed all that for the better, with the region's grain output reaching a new high of 1.07 million tonnes, topping one million tonnes for a seventh straight year.
Meanwhile at the Yaowangshan farm produce market, approximately 300 metres west of the Potala Palace square of Lhasa, Yudron, 68, who bought some asparagus said: “In the past, when the New Year came in winter, we had to stock up on vegetables in advance, mainly radish, cabbage and potatoes. Now, I buy whatever I want.”
In another supermarket, resident Nyima picked avocados in the fruit area to make a nutritious breakfast. He said: “It was hard to buy any avocados in Lhasa six years ago, but now, I buy as much as I like.
“Thanks to Tibet's booming express delivery sector in recent years, we have more varied fruit choices such as durian, mangosteen, and loquat.”
Express delivery enterprises in Tibet handled 14.85 million parcels during 2021, up 30.4 per cent year on year, data from the local postal administration showed.
Apart from agricultural products from other parts of China, Tibet has also built plateau vegetable and fruit industry bases around its cities. Its self-sufficiency rate of vegetables in Summer and Autumn has reached 85 per cent.
-- BERNAMA
CONSUMER CREDIT CARD REWARDS VALUE EXCEEDS US$108 BILLION BY 2026 - JUNIPER RESEARCH
KUALA LUMPUR, March 21 (Bernama) -- A new Juniper Research study has found the value of global consumer credit card rewards will exceed US$108 billion by 2026; rising from US$92 billion in 2022. (US$1 = RM4.196)
According to a statement, this 15 per cent growth will be driven by an increase in adoption of co-branded credit cards by retailers to boost repeat user engagement.
The new research, Digital Loyalty Programmes: Emerging Trends, Regional Analysis & Market Forecasts 2022‑2026, predicts that the global value of credit card rewards will increase, as consumers prefer a single loyalty record, instead of multiple apps or physical cards.
The research recommends that merchants collaborate with loyalty platforms to access this omnichannel approach, or risk losing market share to better-connected competitors.
The research found that the value of consumer credit card rewards in China will grow by 18 per cent between 2022 & 2026; as consumer awareness of loyalty programmes rises in the digitally-savvy Chinese population.
In addition, the report found that the total value of personal credit card rewards will be triple that of corporate credit cards in 2026. While corporate cards are often used for travel, this significantly reduced during the pandemic, with steady growth anticipated as the situation normalises.
The research identified personal credit card reward programmes as being high value due to the extremely competitive nature of the market, which has forced reward values upwards.
It recommends that payment providers enter into strategic partnerships with desirable retailers or brands to exploit the full potential of credit card reward schemes, or they will fall behind more appealing alternatives.
Juniper Research provides research and analytical services to the global hi-tech communications sector; providing consultancy, analyst reports, and industry commentary.
-- BERNAMA
FreedomPay partners Sephora, improving consumer experience across the Americas
KUALA LUMPUR, March 22 -- FreedomPay, the world’s leading commerce platform, has announced partnership with Sephora USA Inc, the leading prestige beauty omni-retailer, to integrate FreedomPay’s data-driven commerce technology platform in Sephora’s 500 plus stores across the Americas.
“FreedomPay is proud to announce the agreement with Sephora, to provide a world class experience to its millions of customers across the Americas,” said President at FreedomPay, Chris Kronenthal, in a statement.
“Our suite of touchless commerce and data solutions will enable Sephora to provide customers a fast, frictionless, and innovative consumer experience.”
Meanwhile, Senior Vice President and Chief Technology Officer at Sephora, Sree Sreedhararaj said: “Our clients desire a seamless experience in every step of the shopping journey, and our partnership with FreedomPay allows us to maximise efficiencies and capabilities at checkout.”
The partnership allows for a safe and secure next-level Mobile POS consumer experience for shoppers with FreedomPay.
The new touchless capable payment system enables Sephora clients to have complete control over their checkout experience, giving consumers the option to pay via contactless payment methods and digital wallets all on their own device, including Apple Pay, Google Pay and Samsung Pay.
The award winning FreedomPay Commerce Platform operates on a single, unified technology stack across multiple continents allowing enterprises to deliver an innovative Next Level experience on a global scale.
More details at www.freedompay.com
-- BERNAMA
“FreedomPay is proud to announce the agreement with Sephora, to provide a world class experience to its millions of customers across the Americas,” said President at FreedomPay, Chris Kronenthal, in a statement.
“Our suite of touchless commerce and data solutions will enable Sephora to provide customers a fast, frictionless, and innovative consumer experience.”
Meanwhile, Senior Vice President and Chief Technology Officer at Sephora, Sree Sreedhararaj said: “Our clients desire a seamless experience in every step of the shopping journey, and our partnership with FreedomPay allows us to maximise efficiencies and capabilities at checkout.”
The partnership allows for a safe and secure next-level Mobile POS consumer experience for shoppers with FreedomPay.
The new touchless capable payment system enables Sephora clients to have complete control over their checkout experience, giving consumers the option to pay via contactless payment methods and digital wallets all on their own device, including Apple Pay, Google Pay and Samsung Pay.
The award winning FreedomPay Commerce Platform operates on a single, unified technology stack across multiple continents allowing enterprises to deliver an innovative Next Level experience on a global scale.
More details at www.freedompay.com
-- BERNAMA
Friday 18 March 2022
Cloudflare-CrowdStrike partnership to simplify Zero Trust solutions adoption for IT teams
KUALA LUMPUR, March 18 -- Cloudflare Inc, the security, performance, and reliability company helping to build a better Internet, announced expanding its partnership with CrowdStrike Holdings Inc, a leader in cloud-delivered protection of endpoints, cloud workloads, identity and data.
Cloudflare is integrating its Zero Trust platform with CrowdStrike Falcon Zero Trust Assessment (ZTA) to give joint customers simple and powerful controls to ensure employees have secure access to applications wherever they are working.
Through this integration, Cloudflare and CrowdStrike are bringing together world-class technologies to provide joint customers with Zero Trust capabilities that are unmatched in the industry, according to a statement.
Chief technology officer at Cloudflare, John Graham-Cumming said: “Cloudflare’s Zero Trust platform delivers comprehensive protection to organisations of all sizes. Now, we’re making it even easier for joint customers of Cloudflare and CrowdStrike to benefit from new combined security features for the connect-from-anywhere economy.”
Meanwhile, CrowdStrike chief technology officer, Michael Sentonas said: “By expanding our partnership with Cloudflare, we are making it easier for joint customers to strengthen their Zero Trust security posture across all endpoints and their entire corporate network.”
As employees continue to work from anywhere and businesses continue to navigate the transition to a hybrid approach to work, security teams are moving away from legacy security architecture towards a modern Zero Trust approach.
Together, Cloudflare and CrowdStrike are working to simplify the adoption of Zero Trust solutions for IT teams.
With this expanded partnership, joint customers can now enable secure conditional access to applications from any endpoint, regardless of the user or location; enhance visibility with logs; and get rapid support in under attack situations, among others.
More details at www.cloudflare.com.
-- BERNAMA
Cloudflare is integrating its Zero Trust platform with CrowdStrike Falcon Zero Trust Assessment (ZTA) to give joint customers simple and powerful controls to ensure employees have secure access to applications wherever they are working.
Through this integration, Cloudflare and CrowdStrike are bringing together world-class technologies to provide joint customers with Zero Trust capabilities that are unmatched in the industry, according to a statement.
Chief technology officer at Cloudflare, John Graham-Cumming said: “Cloudflare’s Zero Trust platform delivers comprehensive protection to organisations of all sizes. Now, we’re making it even easier for joint customers of Cloudflare and CrowdStrike to benefit from new combined security features for the connect-from-anywhere economy.”
Meanwhile, CrowdStrike chief technology officer, Michael Sentonas said: “By expanding our partnership with Cloudflare, we are making it easier for joint customers to strengthen their Zero Trust security posture across all endpoints and their entire corporate network.”
As employees continue to work from anywhere and businesses continue to navigate the transition to a hybrid approach to work, security teams are moving away from legacy security architecture towards a modern Zero Trust approach.
Together, Cloudflare and CrowdStrike are working to simplify the adoption of Zero Trust solutions for IT teams.
With this expanded partnership, joint customers can now enable secure conditional access to applications from any endpoint, regardless of the user or location; enhance visibility with logs; and get rapid support in under attack situations, among others.
More details at www.cloudflare.com.
-- BERNAMA
CALL FOR ENTRIES ISSUED FOR THE 2022 STEVIE® AWARDS FOR GREAT EMPLOYERS
Seventh Annual Honors for Employers and HR Professionals is Accepting Nominations
FAIRFAX, Va., March 18 (Bernama-GLOBE NEWSWIRE) -- The Stevie Awards has issued the call for entries for the seventh annual Stevie® Awards for Great Employers, which honor the world’s best companies to work for and the human resources teams, professionals, suppliers, and new products and services that help to create and drive great places to work.
All individuals and organizations worldwide – public and private, for-profit, and non-profit, large and small – may submit nominations to the Stevie Awards for Great Employers. The early-bird entry deadline, with reduced entry fees, is April 27. The final entry deadline is June 8, but late entries will be accepted through July 7 with payment of a late fee. Entry details are available at www.StevieAwards.com/HR.
Juries composed of scores of executives around the world will determine the Stevie Award winners. Winners will be announced on August 8. Gold, Silver, and Bronze Stevie Award winners will be presented their awards at a gala event at Caesars Palace in Las Vegas on September 17.
The Stevie Awards for Great Employers recognize achievement in many facets of the workplace. Categories include:
FAIRFAX, Va., March 18 (Bernama-GLOBE NEWSWIRE) -- The Stevie Awards has issued the call for entries for the seventh annual Stevie® Awards for Great Employers, which honor the world’s best companies to work for and the human resources teams, professionals, suppliers, and new products and services that help to create and drive great places to work.
All individuals and organizations worldwide – public and private, for-profit, and non-profit, large and small – may submit nominations to the Stevie Awards for Great Employers. The early-bird entry deadline, with reduced entry fees, is April 27. The final entry deadline is June 8, but late entries will be accepted through July 7 with payment of a late fee. Entry details are available at www.StevieAwards.com/HR.
Juries composed of scores of executives around the world will determine the Stevie Award winners. Winners will be announced on August 8. Gold, Silver, and Bronze Stevie Award winners will be presented their awards at a gala event at Caesars Palace in Las Vegas on September 17.
The Stevie Awards for Great Employers recognize achievement in many facets of the workplace. Categories include:
- Employer of the Year Awards
- HR Achievement Awards
- HR Individual Awards
- HR Team Categories
- Solution Provider Awards
- Solutions, Implementations, and Training Programs or Media Awards
- COVID-19 Response Awards
There are new categories in 2022 for Thought Leadership including Achievement in Thought Leadership Skills, Achievement in Thought Leadership Talent, Achievement in Thought Leadership for Recruitment, Achievements in Internal Thought Leadership, and HR Thought Leader of the Year.
Fourteen of the 16 HR Individual categories do not require payment of entry fees.
Winners in the 31 industry-specific Employer of the Year categories will be determined by a unique blend of public votes and professional ratings. Public voting will take place from July 11 – August 1.
Stevie Award winners in 2021 included Allied Irish Banks (Ireland), Bank of America (USA), IBM (USA), Dell Technologies (USA), Everise (Singapore), Fullscript (Canada), Globe Telecom (Philippines), PT. Bank Central Asia Tbk (Indonesia), Rakuten USA, Salary.com (USA), Turkcell İletişim Hizmetleri A.Ş. (Turkey), Upwork (USA), and many more.
About the Stevie® Awards:
Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, The American Business Awards®, The International Business Awards®, the Middle East & North Africa Stevie Awards, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 nominations each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at www.StevieAwards.com.
Marketing Contact:
Nina Moore
Nina@StevieAwards.com
Fourteen of the 16 HR Individual categories do not require payment of entry fees.
Winners in the 31 industry-specific Employer of the Year categories will be determined by a unique blend of public votes and professional ratings. Public voting will take place from July 11 – August 1.
Stevie Award winners in 2021 included Allied Irish Banks (Ireland), Bank of America (USA), IBM (USA), Dell Technologies (USA), Everise (Singapore), Fullscript (Canada), Globe Telecom (Philippines), PT. Bank Central Asia Tbk (Indonesia), Rakuten USA, Salary.com (USA), Turkcell İletişim Hizmetleri A.Ş. (Turkey), Upwork (USA), and many more.
About the Stevie® Awards:
Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, The American Business Awards®, The International Business Awards®, the Middle East & North Africa Stevie Awards, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 nominations each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at www.StevieAwards.com.
Marketing Contact:
Nina Moore
Nina@StevieAwards.com
SOURCE : The Stevie Awards
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