LONDON, July 10 (Bernama-BUSINESS WIRE) -- SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today released a white paper to inform financial institutions of the regulatory pressures imposed on intraday liquidity requirements. This has now moved beyond reporting positions to actively managing and controlling intraday liquidity, all in an effort to reduce costs and increase profitability.
The white paper titled: ‘Intraday Liquidity Management: From a costs discussion to a revenue opportunity’ - explores the benefits that can be realised by financial institutions when they transform intraday discussions from an operational burden into adding true business value. It also analyses how institutions can leverage next-generation technologies like Cloud, Artificial Intelligence and Machine Learning to achieve the goals of real-time, active management of global intraday liquidity.
Nadeem Shamim, Head of Cash and Liquidity Management, SmartStream, brings over 30 years of experience in the industry, comments: “While this may seem to be another exercise in regulatory compliance, active intraday management offers a competitive advantage in the changing regulatory landscape. It provides added benefits to both banks and their customers. In the past, intraday liquidity management was a nice to have, but this has moved to a ’must have’ and the trend is to optimise the management of intraday liquidity, from a cost perspective to a potential revenue generating exercise. This typifies the kind of discussions we are currently having with our customers on a daily basis”.
The paper reviews the regulators’ views and the monitoring tools available, including stress testing scenarios. Additionally, the value drivers suggest that whilst meeting regulatory obligations is undoubtedly front and centre for most financial institutions, the ability to manage liquidity intraday and to stress test liquidity demands are not simply a matter of regulatory interest. There are considerable business optimisation opportunities that can come from having a strengthened intraday liquidity framework. Finally, the paper discusses the current status of where banks are now with their monitoring of intraday liquidity.
http://mrem.bernama.com/viewsm.php?idm=34957
Thursday, 11 July 2019
Wednesday, 10 July 2019
Fluxym records exceptional 30 per cent growth in first semester 2019
KUALA LUMPUR, July 9 (Bernama) -- Fluxym, a leader of the Source-to-Pay market has announced a 30 per cent growth of its total revenue for the first semester of 2019.
Beginning this year, the company has signed 30 new clients in France and North America which include a leader in petroleum industry, waste management group, insurance company in France, and a Canadian financial institution.
With 400 successful implementations, Fluxym now completes its offering with advisory services and exclusive technology for supplier data cleansing to maximise the ROI of the deployed software.
According to a statement, the company also awarded ‘Partner of the Year’ by Basware in 2018, and also positioned amongst Ivalua's top partners in terms of certified consultants.
Fluxym has also announced the opening of an office in Lyon, France, as well as its development in Singapore since December 2018, with a local team.
It has welcomed 25 new collaborators and is now planning for the opening of new offices worldwide. For more information, contact http://www.fluxym.com.
-- BERNAMA
Beginning this year, the company has signed 30 new clients in France and North America which include a leader in petroleum industry, waste management group, insurance company in France, and a Canadian financial institution.
With 400 successful implementations, Fluxym now completes its offering with advisory services and exclusive technology for supplier data cleansing to maximise the ROI of the deployed software.
According to a statement, the company also awarded ‘Partner of the Year’ by Basware in 2018, and also positioned amongst Ivalua's top partners in terms of certified consultants.
Fluxym has also announced the opening of an office in Lyon, France, as well as its development in Singapore since December 2018, with a local team.
It has welcomed 25 new collaborators and is now planning for the opening of new offices worldwide. For more information, contact http://www.fluxym.com.
-- BERNAMA
State Street appoints UK, Europe, Middle-East, Africa business head
KUALA LUMPUR, July 9 (Bernama) -- State Street Corporation has appointed Jörg Ambrosius to head its United Kingdom, Europe, Middle East and Africa (EMEA) businesses.
The 18-year State Street veteran will report to Francisco Aristeguieta, the newly-appointed head of State Street’s international business.
Succeeding Liz Nolan, head of State Street’s Global Delivery team, Ambrosius will serve on State Street’s Management Committee, its senior-most strategy and policy-making group.
His appointment is subject to regulatory approval.
As head of State Street for EMEA, Ambrosius will be responsible for all business activities in the region, including driving strategy, stewarding client engagement, developing talent, overseeing risk management, pursuing growth opportunities as well as managing relationships with diverse stakeholders.
He said: “It is vital that we are focused on providing strategic partnership to our clients to help them navigate challenges and achieve their objectives, while delivering financial commitments to our shareholders and maintaining risk excellence.
“We have a very strong platform in EMEA from which to build, and I look forward to working with the teams across the region to drive growth and deliver returns.”
State Street Corporation is the world's leading provider of financial services to institutional investors. More details at www.statestreet.com
-- BERNAMA
The 18-year State Street veteran will report to Francisco Aristeguieta, the newly-appointed head of State Street’s international business.
Succeeding Liz Nolan, head of State Street’s Global Delivery team, Ambrosius will serve on State Street’s Management Committee, its senior-most strategy and policy-making group.
His appointment is subject to regulatory approval.
As head of State Street for EMEA, Ambrosius will be responsible for all business activities in the region, including driving strategy, stewarding client engagement, developing talent, overseeing risk management, pursuing growth opportunities as well as managing relationships with diverse stakeholders.
He said: “It is vital that we are focused on providing strategic partnership to our clients to help them navigate challenges and achieve their objectives, while delivering financial commitments to our shareholders and maintaining risk excellence.
“We have a very strong platform in EMEA from which to build, and I look forward to working with the teams across the region to drive growth and deliver returns.”
State Street Corporation is the world's leading provider of financial services to institutional investors. More details at www.statestreet.com
-- BERNAMA
Tuesday, 9 July 2019
US FDA grants SunGen Pharma approval for medical product
KUALA LUMPUR, July 9 (Bernama) -- SunGen Pharma, a privately held specialty pharmaceutical company has received its sixth ANDA approval from the United States (US) Food and Drug Administration (FDA).
The approval for Methylprednisolone tablets, 4 mg, is a corticosteroid used to treat conditions including arthritis, allergic reactions and immune system disorders, as well as dermatologic, ophthalmic, respiratory, and gastrointestinal diseases, according to a statement.
“This is the sixth approval for SunGen. Our strong development capabilities are further supported by the short timeline in which the US FDA has approved our dossiers,” said co-founder and co-chief executive officer, Dr Isaac Liu.
SunGen Pharma has started its oral and topical research and development centre in January 2016 and entered into a Development and License Agreement with Elite Pharmaceuticals Inc in August 2016, to collaborate, develop and commercialise four generic pharmaceutical products.
In June this year, the company announced the launch of Bivalirudin through PIV Challenges in the US, in partnership with Athenex and Hainan Shuangcheng Pharmaceuticals.
-- BERNAMA
The approval for Methylprednisolone tablets, 4 mg, is a corticosteroid used to treat conditions including arthritis, allergic reactions and immune system disorders, as well as dermatologic, ophthalmic, respiratory, and gastrointestinal diseases, according to a statement.
“This is the sixth approval for SunGen. Our strong development capabilities are further supported by the short timeline in which the US FDA has approved our dossiers,” said co-founder and co-chief executive officer, Dr Isaac Liu.
SunGen Pharma has started its oral and topical research and development centre in January 2016 and entered into a Development and License Agreement with Elite Pharmaceuticals Inc in August 2016, to collaborate, develop and commercialise four generic pharmaceutical products.
In June this year, the company announced the launch of Bivalirudin through PIV Challenges in the US, in partnership with Athenex and Hainan Shuangcheng Pharmaceuticals.
-- BERNAMA
Friday, 5 July 2019
NoorLine launches free 24-hour worldwide emotional support
KUALA LUMPUR, July 5 (Bernama) -- NoorLine, a free anonymous distress line was recently launched out of Detroit, Michigan, bringing round-the-clock peer-to-peer emotional support to distressed individuals worldwide.
Trained Muslim volunteer listeners man their keyboard to provide mental health support and general interaction via direct messaging from the website.
After going to the NoorLine website and creating an account, users can browse and choose the listeners and use the messaging feature to start communicating with them.
Individuals can also choose to be a listener by completing a free 10-minute online training session.
Founder, Faisal Khan said: “The best part of this service is that since our listeners take direct messages from their personal accounts on the NoorLine website, they can provide culturally sensitive emotional support for Muslims and non-Muslims located anywhere in the world.
“At a time where worldwide anxiety is at an all-time high for both Muslims and non-Muslims alike, a platform like this can really help a lot of people and hopefully, even start building bridges among communities.”
Sign up at www.noorline.org
-- BERNAMA
Trained Muslim volunteer listeners man their keyboard to provide mental health support and general interaction via direct messaging from the website.
After going to the NoorLine website and creating an account, users can browse and choose the listeners and use the messaging feature to start communicating with them.
Individuals can also choose to be a listener by completing a free 10-minute online training session.
Founder, Faisal Khan said: “The best part of this service is that since our listeners take direct messages from their personal accounts on the NoorLine website, they can provide culturally sensitive emotional support for Muslims and non-Muslims located anywhere in the world.
“At a time where worldwide anxiety is at an all-time high for both Muslims and non-Muslims alike, a platform like this can really help a lot of people and hopefully, even start building bridges among communities.”
Sign up at www.noorline.org
-- BERNAMA
Thursday, 4 July 2019
Hankyu Hanshin Properties penetrates Indonesia, buys stake in landmark buildings
KUALA LUMPUR, July 4 (Bernama) -- Hankyu Hanshin Properties Corp is entering the overseas commercial real estate leasing business with partial acquisition of two properties in Indonesia.
The properties, Plaza Indonesia Complex and fX Sudirman, are both landmark multipurpose buildings in Jakarta, and Hankyu Hanshin Properties has become the beneficial partial owner via the acquisition of shares in the local entity.
The properties are located on the main thoroughfare of Jakarta’s central business district in prime positions next to stations on the North-South Line of the MRT, Indonesia’s first subway system.
Management of the properties will be carried out jointly with Bumi Serpong Damai, a subsidiary of major Indonesian real estate developer Sinarmas Land and other parties.
Since 2015, Hankyu Hanshin Properties has been investing in residential condominiums outside of Japan, and currently has a portfolio of more than 26,000 units in five South East Asian countries.
-- BERNAMA
The properties, Plaza Indonesia Complex and fX Sudirman, are both landmark multipurpose buildings in Jakarta, and Hankyu Hanshin Properties has become the beneficial partial owner via the acquisition of shares in the local entity.
The properties are located on the main thoroughfare of Jakarta’s central business district in prime positions next to stations on the North-South Line of the MRT, Indonesia’s first subway system.
Management of the properties will be carried out jointly with Bumi Serpong Damai, a subsidiary of major Indonesian real estate developer Sinarmas Land and other parties.
Since 2015, Hankyu Hanshin Properties has been investing in residential condominiums outside of Japan, and currently has a portfolio of more than 26,000 units in five South East Asian countries.
-- BERNAMA
Wednesday, 3 July 2019
CYRUSONE BREAKS GROUND ON THIRD DATA CENTER IN FRANKFURT
DALLAS, July 3 (Bernama-BUSINESS WIRE) -- CyrusOne Inc. (NASDAQ: CONE), a leading global real estate investment trust (REIT), announced it has broken ground on the first phase of its newest data center location in Frankfurt, Germany.
The facility is CyrusOne’s third in the Sossenheim district of the city, offering cloud providers, systems integrators and multinational corporations customized, secure and resilient data center solutions within a key business hub.
Upon completion, expected in Q2 2020, the site will comprise two adjoining, four-story buildings delivering 22 MW of IT power to 11,500 sq. m of world-class technical space. Indirect adiabatic air cooling in each data hall will ensure an extremely low Power Usage Efficiency (PUE).
“Frankfurt is one of the fastest growing and most strategically important locations for CyrusOne due to its economic strength and proximity to one of the most important European financial centers,” said Tesh Durvasula, President Europe, CyrusOne. “This will mark our third expansion facility in Frankfurt and I expect it will effectively be pre-leased by the time we complete construction next year.”
“The demand we are seeing from US hyperscalers in Europe has been tremendous and we are seeing it accelerate considerably. This development, alongside our other expansion efforts in Dublin, Amsterdam and London underscores our ambition to be the only hyperscale data center provider in Europe. I expect our European business will grow to become about 20 percent of CyrusOne’s total revenues in two years.”
The rapid construction timeline for the Frankfurt III data center is made possible by CyrusOne’s extensive experience building more than 45 data centers worldwide. CyrusOne is using a modular construction method and will work closely with valued partners including Mercury and Klein Architekten.
Safe Harbor
This press release contains forward-looking statements regarding anticipated results and future events that are subject to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release, other than statements of historical facts, should be considered forward-looking statements, including, without limitation, statements about CyrusOne’s plans, objectives, expectations and intentions, and any statement of an assumption underlying any of the foregoing. These statements are based on current expectations, estimates, forecasts and projections about the industries and markets in which we and our customers operate and the current beliefs, opinions and assumptions of our management. Words such as “expects,” “anticipates,” “predicts,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “continues,” “endeavors,” “strives,” “may,” “will,” “should,” “could,” or the negative of these terms or other variations of such words and similar expressions, are intended to identify such forward-looking statements. In addition, any statements that refer to projections of our future financial or operating performance, our anticipated growth and trends in our and our customers’ industries, businesses and markets, or other characterizations of future events or circumstances, are forward-looking statements. Readers are cautioned that forward-looking statements are based on management’s current expectations and assumptions and are subject to numerous factors, risks and uncertainties which could cause our actual results to differ materially and adversely from those expressed or implied in any forward-looking statement. Factors that could cause or contribute to such differences include, but are not limited to, the Company’s ability to successfully develop the Frankfurt III site and execute and integrate its broader expansion and development initiatives in Europe. More information on the factors, risks and uncertainties that could cause or contribute to such differences is included in our filings with the Securities and Exchange Commission, including in the “Risk Factors” and “Management’s Discussion & Analysis” sections of our Annual Report on Form 10-K and in our subsequent Form 10-Q reports and other filings with the SEC. Any forward-looking statement made in this release speaks only as of the date of this release. We undertake no obligation to update or revise any forward-looking statement, whether as a result of new information, change in circumstances, future events or otherwise, except as required by law.
About CyrusOne
CyrusOne (NASDAQ: CONE) is a high-growth real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for approximately 1,000 customers, including more than 210 Fortune 1000 companies.
With a track record of meeting and surpassing the aggressive speed-to-market demands of hyperscale cloud providers, as well as the expanding IT infrastructure requirements of the enterprise, CyrusOne provides the flexibility, reliability, security, and connectivity that foster business growth. CyrusOne offers a tailored, customer service-focused platform and is committed to full transparency in communication, management, and service delivery throughout its more than 45 data centers worldwide. Additional information about CyrusOne can be found at www.CyrusOne.com.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20190702005470/en/
Contact
Allison+Partners
Martina Muller / Sophie Koenigsberger
CyrusOneGermany@allisonpr.com
Phone: + 49 (0)89 388 892 014
Source : CyrusOne Inc.
The facility is CyrusOne’s third in the Sossenheim district of the city, offering cloud providers, systems integrators and multinational corporations customized, secure and resilient data center solutions within a key business hub.
Upon completion, expected in Q2 2020, the site will comprise two adjoining, four-story buildings delivering 22 MW of IT power to 11,500 sq. m of world-class technical space. Indirect adiabatic air cooling in each data hall will ensure an extremely low Power Usage Efficiency (PUE).
“Frankfurt is one of the fastest growing and most strategically important locations for CyrusOne due to its economic strength and proximity to one of the most important European financial centers,” said Tesh Durvasula, President Europe, CyrusOne. “This will mark our third expansion facility in Frankfurt and I expect it will effectively be pre-leased by the time we complete construction next year.”
“The demand we are seeing from US hyperscalers in Europe has been tremendous and we are seeing it accelerate considerably. This development, alongside our other expansion efforts in Dublin, Amsterdam and London underscores our ambition to be the only hyperscale data center provider in Europe. I expect our European business will grow to become about 20 percent of CyrusOne’s total revenues in two years.”
The rapid construction timeline for the Frankfurt III data center is made possible by CyrusOne’s extensive experience building more than 45 data centers worldwide. CyrusOne is using a modular construction method and will work closely with valued partners including Mercury and Klein Architekten.
Safe Harbor
This press release contains forward-looking statements regarding anticipated results and future events that are subject to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release, other than statements of historical facts, should be considered forward-looking statements, including, without limitation, statements about CyrusOne’s plans, objectives, expectations and intentions, and any statement of an assumption underlying any of the foregoing. These statements are based on current expectations, estimates, forecasts and projections about the industries and markets in which we and our customers operate and the current beliefs, opinions and assumptions of our management. Words such as “expects,” “anticipates,” “predicts,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “continues,” “endeavors,” “strives,” “may,” “will,” “should,” “could,” or the negative of these terms or other variations of such words and similar expressions, are intended to identify such forward-looking statements. In addition, any statements that refer to projections of our future financial or operating performance, our anticipated growth and trends in our and our customers’ industries, businesses and markets, or other characterizations of future events or circumstances, are forward-looking statements. Readers are cautioned that forward-looking statements are based on management’s current expectations and assumptions and are subject to numerous factors, risks and uncertainties which could cause our actual results to differ materially and adversely from those expressed or implied in any forward-looking statement. Factors that could cause or contribute to such differences include, but are not limited to, the Company’s ability to successfully develop the Frankfurt III site and execute and integrate its broader expansion and development initiatives in Europe. More information on the factors, risks and uncertainties that could cause or contribute to such differences is included in our filings with the Securities and Exchange Commission, including in the “Risk Factors” and “Management’s Discussion & Analysis” sections of our Annual Report on Form 10-K and in our subsequent Form 10-Q reports and other filings with the SEC. Any forward-looking statement made in this release speaks only as of the date of this release. We undertake no obligation to update or revise any forward-looking statement, whether as a result of new information, change in circumstances, future events or otherwise, except as required by law.
About CyrusOne
CyrusOne (NASDAQ: CONE) is a high-growth real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for approximately 1,000 customers, including more than 210 Fortune 1000 companies.
With a track record of meeting and surpassing the aggressive speed-to-market demands of hyperscale cloud providers, as well as the expanding IT infrastructure requirements of the enterprise, CyrusOne provides the flexibility, reliability, security, and connectivity that foster business growth. CyrusOne offers a tailored, customer service-focused platform and is committed to full transparency in communication, management, and service delivery throughout its more than 45 data centers worldwide. Additional information about CyrusOne can be found at www.CyrusOne.com.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20190702005470/en/
Contact
Allison+Partners
Martina Muller / Sophie Koenigsberger
CyrusOneGermany@allisonpr.com
Phone: + 49 (0)89 388 892 014
Source : CyrusOne Inc.
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