QUANT TECHNOLOGY USED IN BANK OF ENGLAND'S CBDC PROJECT NOW AVAILABLE TO ANY BUSINESS

LONDON, June 28 (Bernama-BUSINESS WIRE) -- Quant, the blockchain for finance pioneer, today unveiled Overledger Platform: the infrastructure used in Project Rosalind - the Bank of England and Bank for International Settlements’ retail CBDC project – available to all via software-as-a-service. Overledger Platform makes the same enterprise-grade technology, the same interoperability core, the same secure smart contracts and the same issuance, secure bridging and atomic settlement functionality that have underpinned Quant’s projects with institutional and central bank customers to-date, accessible to large enterprises, SMEs and developers for the first time.

Overledger Platform establishes a new benchmark for enterprise blockchain, universal interoperability and ease of use. It’s a low code SaaS that allows customers to issue digital money and interoperable assets with just a few clicks, move them from one blockchain network to another, write new apps that will run on any network, create secure smart contracts that will execute on any blockchain, and use simple APIs to integrate with their existing systems. With Overledger, this can take a developer minutes, rather than being a months-long project that can only be delivered by specialised blockchain experts.

The launch of Overledger Platform comes at a critical time for the financial services industry. Although the unregulated crypto experiment has failed, blockchain-based infrastructure and systems, regulated tokenised money and digital assets are still central to innovation. In tandem, it is expected that the value of tokenised assets will reach $4 trillion by 2030 but businesses are scrambling to hire the right expertise or a plethora of developers to capitalise on the opportunity presented by this new technology.

Quant’s platform solves this problem by allowing any business to access blockchain and unlock its benefits. As Quant continues to work on projects with financial institutions worldwide, its platform is updated regularly, ensuring that all Overledger customers, big or small, benefit from new innovations as they are developed.

“From central banks to their commercial counterparts, from issuers to asset managers, the financial world is now wise to the transformational value of blockchain. Already used in some of the most demanding use cases in finance, Overledger is the grown-up approach to implementing this technology, one that any developer or business can now use to expand their offering, getting to market at speed and with ease,” comments Gilbert Verdian, founder and CEO. “We think this is a game-changer for anyone that wants to build a business in the blockchain economy.”

Martin Hargreaves, Chief Product Officer, says: “Until now, businesses have struggled to capitalise on the benefits provided by blockchain because it’s a complex technology requiring specialist skills. Overledger Platform changes all that. It’s simple to use, continually updated, and integrates seamlessly with your existing systems. That’s how it unlocks the power of blockchain for everyone.”

Notes to editors

About Quant

Quant is the foundation of the blockchain economy.

Assets of all kinds, from currencies to carbon credits, are being tokenised on blockchain, making their ownership immutable, their provenance traceable and their use easy to manage. Our patent-pending technology makes this simple, trusted and future-proof.

We work with financial institutions and other enterprises to dramatically reduce their time-to-market, create new revenue lines, and mitigate risk by delivering enterprise-grade solutions built with security and compliance front of mind.

Founded in 2018, Quant is UK-based with a US presence. We spearheaded the Blockchain ISO Standard TC307 adopted by 57 countries and solved interoperability with the creation of the world’s first interoperable blockchain platform, Overledger.

To find out more, visit quant.network.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230627582803/en/

Contact

Media contact
Andrew Carrier
Chief Marketing Officer
Quant
andrew.carrier@quant.network
@andrewcarrier

Source : Quant

BLACK & VEATCH APPOINTS INDUSTRY VETERAN AS PRESIDENT, ASIA-PACIFIC AND INDIA AS COMPANY CONTINUES GROWTH ACROSS THE REGIONS

Narsingh Chaudhary to succeed Hoe Wai Cheong who will retire at the end of 2023


BANGKOK, June 28 (Bernama-BUSINESS WIRE) -- Black & Veatch, a leading global provider of critical human infrastructure solutions, has named industry veteran Narsingh Chaudhary as President, Asia Pacific and India.

Chaudhary, who has served the past four years as Executive Vice President and Managing Director, Asia Pacific, for the company, brings more than 25 years of experience in the infrastructure industry to the role. He succeeds Hoe Wai Cheong, who after more than 16 years with Black & Veatch, and nearly 40 years in the energy and chemical industries, will retire at the end of 2023.

“Narsingh has deep industry knowledge and a proven track record in helping clients address rapidly changing market conditions,” said Mario Azar, Black & Veatch’s Chairman & CEO. “As Asia focuses on megatrends reshaping the world including decarbonization, power grid resiliency, instant communication, clean transportation, water scarcity and cybersecurity, his leadership and our diverse portfolio of solutions will help clients address their biggest challenges.”

Chaudhary, based in Bangkok, said, “I look forward to continuing to build on the successful track record of the company in Asia Pacific and India. Our team of professionals, backed by our global reach and experience, are committed to listening and understanding our clients’ needs and delivering safe, reliable, resilient and sustainable solutions.”

“Hoe Wai’s contributions to the industry and to Black & Veatch are well-recognized and his leadership has added to the solid foundation the company has built since our first projects in the region nearly 60 years ago,” said Azar.

Contact Black & Veatch for more information.

Editor’s Notes:

• Black & Veatch has more than 1,500 professionals based across the region.
• Click to download images of Hoe Wai Cheong and Narsingh Chaudhary.

About Black & Veatch

Black & Veatch is a 100-percent employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2022 were US$4.3 billion. Follow us on www.bv.com and on social media.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20230626418737/en/

Contact

Media Contact Information:
EMILY CHIA | +65 6335 6623 P | +65 9875 8907 M | Chialp@bv.com
24-HOUR MEDIA EMAIL | Media@bv.com

Source : Black & Veatch

"VIETNAM LOGISTICS" WEBINAR TO BE HOSTED BY NIPPON EXPRESS (SOUTH ASIA & OCEANIA)

AsiaNet 100170

TOKYO, June 27, 2023 /Kyodo JBN-AsiaNet/ --

Nippon Express (South Asia & Oceania) Pte. Ltd. (hereinafter "NXSAO"), a group company of NIPPON EXPRESS HOLDINGS, INC., will be hosting a "Vietnam Logistics" webinar on Monday, July 10, and Tuesday, July 11.
 
Logo: https://kyodonewsprwire.jp/img/202306236572-O1-pNgNBgde
 
Image:
https://cdn.kyodonewsprwire.jp/prwfile/release/M103866/202306236572/_prw_PI2fl_o0GK9vw4.jpg
 
 
With the increasing globalization of business, Vietnam has been garnering attention as a growth market. This webinar will provide a detailed explanation of Vietnam's domestic transport infrastructure, as well as laws and regulations pertaining to imports and exports. All companies considering entering the Vietnamese market as well as those already doing business in Vietnam are invited to attend.
 
Webinar outline
- Dates/times:
Japanese: Monday, July 10, 2023, 14:30 - 15:30 (Singapore time)
English: Tuesday, July 11, 2023, 14:30 - 15:30 (Singapore time)
 
- Title: "Vietnam Logistics"
 
- Agenda:
1) Vietnam's basic information
2) Import and export regulations
3) Introduction to logistics infrastructure
4) Introduction to Nippon Express (Vietnam) Co., Ltd.
 
- Streaming: Microsoft Teams webinar
 
- Hosts:
General Sales Planning Division, Sales Strategy Headquarters, NXSAO; Nippon Express (Vietnam) Co., Ltd.
 
- Participation fee: None
 
- Attendance limit: First 800 participants
 
- Registration deadline: Monday, July 3, 2023
 
- How to apply: Please contact NXSAO at the email address below with the participant's company name, his/her name, and the desired date for attendance.
Email: nsao-sg-seminar [at] nipponexpress.com
(Please replace [at] with @ before using this email address.)
 
Nippon Express website: https://www.nipponexpress.com/
 
Nippon Express Group's official LinkedIn account:
https://www.linkedin.com/company/nippon-express-group/
 
 
Source: NIPPON EXPRESS HOLDINGS, INC.

Singapore's Leading Brands Laud 25 Years Of Reader's Digest Trusted Brands Awards

KUALA LUMPUR, June 23 (Bernama) -- The 2023 Trusted Brands survey results have been revealed, with the Reader’s Digest Trusted Brands and Personalities Awards presented at the Conrad Centennial Hotel, Singapore recently.

According to a statement, the Trusted Brands survey is one of the world’s oldest, continuous surveys of consumer brand trust in the world and Reader’s Digest is proud of its 25-year involvement.

One of the highlights of the 2023 Reader’s Digest Trusted Brands awards is the list of most trusted personalities across four categories namely, Most Trusted Radio Presenter which was won by The Flying Dutchman; while for TV Host/Presenter For News & Current Affairs won by Glenda Chong.

Furthermore, Most Trusted Entertainment/Variety Presenter award goes to Michelle Chong, and Singapore’s Olympic swimmer and gold medallist, Joseph Schooling has earned the Most Trusted Sports Personality for the eighth year in a row.

The award-winning Trusted Brands of the Reader’s Digest 25th annual survey have earned the privilege to carry the Trustmark Logo, a trust sign that helps consumers recognise quality, value and reliability.

Platinum Awards went to those brands that perform exceptionally, based on consumers’ perception, attaining scores that exceed their nearest competitors. Some of the awardees were Daikin (Air Conditioners); Royal Caribbean Cruises (Cruises); Swensen’s (Family Restaurant); AIA (Life Insurance); and Nippon Paint (Paint).

Meanwhile, Gold Awards went to brands that had outstanding results, based on the perception of consumers. Some of the brands included in this list were Mitsubishi Electric (Air Conditioners); Novita (Air Purifiers); and ELBA (Cooktops & Ranges).

The results of the independent Trusted Brands survey appear exclusively in the June 2023 issue of the Singapore Reader’s Digest.

Conducted by leading market research company Catalyst Research, 8,000 individuals across the five key regions of Singapore, Malaysia, the Philippines, Hong Kong and Taiwan were surveyed to determine which brands consumers trust most in 2023.

For full list of the 2023 Singapore’s Most Trusted Brands Awards winners, visit https://www.trustedbrands.asia/singapore/.

-- BERNAMA

IIJ LAUNCHES API SECURITY PROTECTION AS PART OF ITS "SAFOUS" ZERO-TRUST SECURITY SERVICE SUITE

TOKYO, June 26, 2023 /Kyodo JBN-AsiaNet/ --

- "Safous WAAP" Eliminates API Endpoint Vulnerabilities with Zero-Trust Access Technology -
 
Internet Initiative Japan Inc. (hereinafter "IIJ," TSE Prime:3774), one of Japan's leading internet access and network solutions providers, announced on
June 26, 2023, the launch of its new application programming interface (API) security service, Safous WAAP (
https://www.safous.com/services/web-application-and-api-protection ), as part of its zero-trust security service suite, Safous ( https://www.safous.com/ ).
 
Safous WAAP is the world's first API protection designed to eliminate vulnerabilities using zero-trust access technology. Its initial release will focus on securing API connections from mobile apps, and IIJ's ultimate goal for the service is to eliminate API endpoint vulnerabilities with complete protection against zero-day attacks that are inevitable with existing WAAPs.
 
"We're thrilled to announce our first-of-its-kind security service, Safous WAAP," said Miki Tanaka, Global Service Director, IIJ. "The reliance on APIs for collaboration between workplace applications and devices has led to an uptick in API-based attacks targeting businesses every year, which causes damage such as data leakage and unauthorized application access. Safous WAAP combines our expertise in developing DDoS protection and WAF services with zero-trust access technology to protect customers' APIs in a way never seen before."
 
APIs that substantially contribute to businesses' digital transformation are exposed to malicious parties, resulting in a 400% increase in attacks targeting APIs over the past six months (*). Many businesses have had to slow the rollout of new applications due to API security concerns, highlighting the need for developers to implement more robust application access controls and risk mitigation measures.
 
Safous WAAP hides API endpoints from the public internet using an authentication-based, zero-trust access approach with DDoS protection and WAF functionality, freeing developers from vulnerability risks and zero-day attacks for less than half the price of a full WAAP from other companies.
 
IIJ plans to extend use cases to general-purpose API and IoT applications by providing a wide variety of SDKs and will also add general web application protection for complete WAAP coverage.
 
Note:
(*) Reference:
https://www.infosecurity-magazine.com/news/api-attacks-increase-400-last-six/
 
About Internet Initiative Japan Inc.
Founded in 1992, IIJ is one of Japan's leading internet access and comprehensive network solutions providers. IIJ and its subsidiary companies provide total network solutions that mainly cater to high-end corporate customers. IIJ's services include high-quality internet connectivity, system integration, cloud computing, security, and mobile services. IIJ has built one of the largest internet backbone networks in Japan that is connected to the United States, the United Kingdom, and Asia. IIJ was listed on the Prime Market of the Tokyo Stock Exchange in 2022.
For more information about IIJ, visit the official website:
https://www.iij.ad.jp/en/
 
The statements within this release contain forward-looking statements about IIJ's future plans that involve risk and uncertainty. These statements may differ materially from actual future events or results.
 
*All company, product, and service names used in this press release are the trademarks or registered trademarks of their respective owners.
 
 
Source: Internet Initiative Japan Inc.

Nomura New Initiative Promotes Knowledge Sharing Across Asia

KUALA LUMPUR, June 22 (Bernama) -- Tokyo-based Nomura Real Estate Development Co Ltd (Nomura) has launched a Knowledge Exchange Program, an initiative that brings together an internship programme for overseas university faculty members and students and an employee exchange programme.

The Knowledge Exchange Program invites professors and internship students from overseas universities as well as employees of overseas subsidiaries to Japan, bringing them together at once to join and exchange with Nomura's head office employees.

This is a new initiative that builds on a series of research projects the company has undertaken since 2018 in collaboration with some universities in Thailand and Vietnam as well as with Japan Women's University in Tokyo that has a proven track record in research on urban living spaces in Asian countries.

For Nomura, the programme provides an opportunity to discover potential needs in overseas markets, while for overseas students and the company's overseas employees, it provides an opportunity to deepen their knowledge through exchanges and interactions with those from different countries and generations.

By pursuing further research collaborations with universities and implementing the Knowledge Exchange Program on an ongoing basis, Nomura will continue to promote knowledge and technology sharing across national boundaries and generate synergies in its Asian operations.

According to a statement, the company will also strive to offer greater additional value to its customers and local communities by gaining a better understanding of local customs and needs.

In 2023, which is the first year of the programme, Nomura invited a total of 11 overseas participants to Japan, including two professors and four students from its Thai partner universities as well as five employees of Nomura Real Estate Asia Pte Ltd, Nomura Real Estate (Thailand) Co Ltd and Nomura Real Estate Vietnam Co Ltd.

Nomura will continue to utilise such synergy opportunities to overcome business challenges, including the obsolescence of property plans due to changes in customer needs and the intensifying competition resulting from a deterioration in the real estate market.

-- BERNAMA

PHILANTHROPIC VENTURE: DERIV DRIVES SOCIAL CHANGE VIA 4L TROPHY RALLY SPONSORSHIP

KUALA LUMPUR, June 22 (Bernama) -- Deriv, one of the leading online brokers, has sponsored a team of two young professionals who successfully completed the 4L Trophy rally, an annual humanitarian car rally that raises funds for the cause of underprivileged children in Africa, earlier this year.

Deriv founder and chief executive officer, Jean-Yves Sireau said the company's participation in the 4L Trophy rally is a testament to its commitment to making a positive impact on the communities it serves.

“We believe in supporting causes that empower individuals and communities to thrive, and education is a critical component of that.

“Through our philanthropic efforts, we hope to inspire other organisations to do their part in making the world a better place,” added Sireau in a statement.

The 4L Trophy rally started in France and ended in Morocco, covering a 6,000 kilometre (km) journey over 10 days, requiring participants to drive through challenging terrain, navigating their way through various checkpoints.

A long journey for a noble cause to deliver stationery and textbooks for underprivileged children along the way.

The rally is just one example of Deriv's involvement in humanitarian initiatives. Earlier this year, the company had also donated 11 boxes of clothes to Fundacion Unidos por Cristo (Asunción, Paraguay), a residential home that provides comprehensive care to children and adolescents at risk.

Deriv has been actively participating in humanitarian efforts that are aligned with its core values of being reliable, fair, transparent and responsible.

-- BERNAMA

ROBERT YUSIN IS OPTOMEC NEW CEO

KUALA LUMPUR, June 22 (Bernama) -- The Board of Directors at Optomec, a leading manufacturer of Digital Manufacturing solutions has announced Robert Yusin as the new Chief Executive Officer (CEO).

“We are delighted that Robert Yusin has accepted the position. The timing is perfect for a person like Robert to take Optomec’s proven technology and solutions successes to the next level for our customers,” said interim CEO and Board Member, Mike Barry.

According to a statement, the Board is confident that the timing is right for Optomec in entering its next phase of growth to add Yusin’s proven skillset to advance the company’s position in the market.

Yusin has achieved a string of successes in bringing innovative companies with solid technology to the next level of revenue growth through strategic investments and creative go-to-market strategies that have transformed their outcomes.

Previously, Yusin was CEO at ParaMatters, a software company providing end to end manufacturing software. He re-visioned the company to serve a broader base of manufacturing processes, which ultimately led to the purchase by Carbon.

Prior to that, Yusin co-founded Oqton, which delivered cloud-based, artificial intelligence-powered manufacturing solutions for factory operations.

-- BERNAMA

Smartly.io’s Innovation Hub To Turn Marketers' Ideas Into Ads With Intelligence

KUALA LUMPUR, June 20 (Bernama) -- Smartly.io, one of the world’s largest Software-as-a-Service (SaaS) digital advertising platforms, has launched Smartly.io AI Lab, an innovation hub which serves as a meeting point for artificial intelligence (AI) and marketing expertise.

This hub drives advancements in Generative AI and other AI technologies to simplify campaign management and enhance creative scalability without compromising marketers’ brand governance.

“What Smartly.io AI Lab is building is already feeding the infrastructure that marketers, creators and even designers use, and increasing simplicity without sacrificing ideas and quality.

“The companies that seamlessly adopt generative AI into their platforms will be the early winners in a decades-long race. Smartly.io is poised to be among them,” said Smartly.io Chief Executive Officer, Laura Desmond in a statement.

Meanwhile, Head of Smartly.io AI Lab, Arto Tolonen said: “Our mission is to empower marketers to take ideas to ads with intelligence while maximising their return on investment.”

The Smartly.io AI Lab launch represents the company's commitment to empowering marketers to unlock greater value from their digital investments without sacrificing their brand governance.

By advancing the state-of-the-art in Generative AI and other AI areas, the company is poised to provide marketers with a significant advantage, simplifying creative scale while enabling agile campaigns and unified workflows across the evolving social and digital advertising landscape.

From scene generation that enhances a brand's product photos to image generation from scratch and video ad assembly and iteration, the Smartly.io AI Lab is equipping marketers with the tools to get to use cases faster and transform their creative quality and time to campaign.

-- BERNAMA

NIPPON EXPRESS EUROPE PARTICIPATES IN "TRANSPORT LOGISTIC 2023"

TOKYO, June 21, 2023 /Kyodo JBN-AsiaNet/ --

Nippon Express Europe GmbH (hereinafter "NX Europe"), a group company of NIPPON EXPRESS HOLDINGS, INC., participated for the second time in "transport logistic 2023" held in Munich, Germany, from Tuesday, May 9, to Friday, May 12.   Logo: https://kyodonewsprwire.jp/img/202306136300-O1-VS0Q9pbS   Photo: Inside NX Europe booth https://cdn.kyodonewsprwire.jp/prwfile/release/M103866/202306136300/_prw_PI2fl_7lnV7TjL.jpg?_ga=2.106673859.1997240702.1686531031-1438572707.1685531252 transport logistic 2023 is the world's largest international exhibition dedicated to introducing the latest products, services, and innovations in logistics, transport, information technology, and supply chain management. This year's event attracted 2,320 exhibitors from more than 120 countries and regions, with over 75,000 visitors attending the exhibition.  http://mrem.bernama.com/viewsm.php?idm=46434

U.S. POLO ASSN. ANNOUNCED AS FINALIST FOR BEST SPORTS LICENSED BRAND AT 2023 LICENSING INTERNATIONAL EXCELLENCE AWARDS IN LAS VEGAS

WEST PALM BEACH, FL, June 21, 2023 / ACCESSWIRE - AsiaNet / --

U.S. Polo Assn. (https://pr.report/hp1M9blk), the official brand of the United States Polo Association (USPA), is pleased to announce the brand's nomination as a finalist for the prestigious 2023 Licensing International Excellence Awards for Best Sports Licensed Brand. The Licensing International Excellence Awards honor the way brands use licensing in innovative and creative methods to further their goals, products, and marketing around the globe. https://pr.report/t4GqBR9p Related Image: https://cdn.newswire.com/files/x/6e/4f/3ff14d91d22d1dbacdc2785f3672.png Winners in 30 categories were selected by an expert global judging panel and voted on by members of the licensing industry at large from more than 200 finalists around the world. With more than 850 entries received, U.S. Polo Assn. was among notable brands, such as Formula 1, Head, The NFL Players Association (NFLPA), Starting Lineup, Ultimate Fighting Championship (UFC), and Yale University. Ultimately, the NFLPA was recognized as the finalist in the category for Best Sports Licensed Brand. The multi-billion-dollar U.S. Polo Assn. brand continued to enhance its authentic connection to the sport of polo in 2022 through outstanding storytelling, partnerships, sponsorships, and philanthropic endeavors. The Licensing International nomination acknowledged U.S. Polo Assn.'s growth and achievements, which include delivering a record $2.3 billion in global retail sales spanning 190 countries in over 1,100 retail stores, as well as department stores, sporting goods stores, and e-commerce. "We are honored that U.S. Polo Assn. was nominated for the Best Sports Licensed Brand alongside other industry-leading organizations for the 2023 Licensing International Excellence Awards," says J. Michael Prince, CEO & President of USPA Global Licensing, the company that oversees the multi-billion-dollar U.S. Polo Assn. brand. "Our global team alongside our licensing and retail partners work tirelessly to bring the spirit of the sport of polo to life in our brand around the world. Receiving this nomination is recognition for this global effort." Prince also wishes to congratulate The NFLPA for their performances this year and their win. The brand also built on its successful digital strategies to generate record growth with some 50 brand sites in 20 languages and over 7 million social media followers in 2022. Moreover, U.S. Polo Assn. signed a global partnership with ESPN to air some of the top polo championships in the world, including the XII Federation of International Polo (FIP) World Polo Championship, the prestigious Westchester Cup, and the U.S. Open Polo Championship(R) for sports fans and consumers to enjoy.  http://mrem.bernama.com/viewsm.php?idm=46432

GLOBAL SEAFOOD TRADE FAIR TO OFFER BUSINESS OPPORTUNITIES FOR CHINESE AQUATIC PRE-COOKED DISHES

KUALA LUMPUR, June 21 (Bernama) -- Wuhan Shihedao Network Technology Co Ltd announced it will hold the Global Seafood Trade Fair Co-Located with The 3rd Liang Zhi Long Cantonese Cuisine E-Commerce Fair 2023 from June 28 to June 30.

According to a statement, expected to attract over 50,000 trade visitors, the Global Seafood Trade Fair will showcase various fishery and aquatic products, including live seafood, dry goods, pre-cooked dishes, as well as raw material processing and catering packaging equipment.

Furthermore, the event will bring together international enterprises and suppliers from Thailand, Ecuador, the United States, Australia, France, other countries and regions, who will showcase feature seafood products globally.

According to global market statistics for pre-cooked dishes, the industry was valued at US$148.67 billion in 2022 and is expected to reach US$214.71 billion by 2030. (US$1=RM4.64)

As global trade recovers, the demand for pre-cooked dishes will continue to grow and the exhibition will specially set up a pavilion to showcase popular pre-cooked dishes for exhibitors and provide valuable insights into the global pre-cooked dishes market.

In addition to the seafood exhibition, over 20 wonderful activities, including food-tasting sessions, category promotions, and cooking competitions, will be held during the Global Seafood Trade Fair.

A series of industry summit forums will also take place to empower the discussion and the development of the seafood and aquatic pre-cooked dishes industry.

-- BERNAMA

CONVERSATION INTELLIGENCE DRIVES BETTER CUSTOMER EXPERIENCE AT SCALE - UNIPHORE

KUALA LUMPUR, June 21 (Bernama) -- Uniphore announced Forrester’s new study examining the key challenges facing enterprise customer experience (CX) programmes as they navigate the complicated landscape of artificial intelligence (AI) and automation tools and services that all claim to cut costs and increase revenue.

To keep costs low, many organisations have turned to disparate CX point solutions, but end up creating “islands of automation”, lessening the impact of these solutions as a whole and risking organisations’ long-term profitability.

Uniphore Chief Marketing Officer, Annie Weckesser in a statement said: “Uniphore enables organisations to take an integrated approach that brings the full value of AI and automation to the enterprise without sacrificing costs or CX quality.”

As part of a commissioned study conducted by Forrester Consulting on behalf of Uniphore of over 300 strategy decision makers in North America and Europe, findings show organisations that take an integrated approach to CX and target the entire customer journey from chatbot to agent-assist help drive revenue and deliver more frictionless interactions.

Findings from the survey include automation silos block CX; the impact of CX “fails” is felt throughout the organisation; and, Conversation Intelligence Platforms enable great CX at scale.

Enterprise leaders have realised that simply deploying any number of point solutions to address each CX use case creates islands of automation within their organisation, limiting the impact of AI and automation on revenue growth and detrimentally affecting customer satisfaction.

In addition, 58 per cent of organisations face challenges in capturing insights from customer conversations and unifying contact centre and enterprise systems.

By implementing an integrated Conversation Intelligence Platform, customer service leaders open the door to overcoming top contact centre pain points – even as the business – and available customer data – scales exponentially.

Uniphore is one of the largest global AI-native conversational AI providers for the enterprise.

-- BERNAMA

GTJAI’S SUBSIDIARY AMONG QUALIFIED MARKET MAKERS UNDER “HKD-RMB DUAL COUNTER MODEL”

KUALA LUMPUR, June 20 (Bernama) -- Guotai Junan International Holdings Limited (GTJAI) announced that its subsidiary Guotai Junan Securities (Hong Kong) has become one of the first qualified market makers under the "HKD-RMB Dual Counter Model”.

According to a statement, the company has started and fully carried out the market-making business covering multiple Dual-Counter stocks, and participated in the first-day market transactions in depth instantly.

Meanwhile, GTJAI has launched diversified quality financial services such as offshore RMB brokerage and preferential financing interest rates to clients, and will launch relevant investor education video programmes to assist clients to make rational investment decisions.

As a leading comprehensive financial services provider in Hong Kong, GTJAI has always been firmly supporting the deployment and advancement of China’s financial strategies, and devoting itself to the development of the Hong Kong financial market.

It will continue to provide diverse quality services for overseas investors, while contributing to enhancing offshore RMB liquidity in Hong Kong, promoting the internationalisation of the RMB, and consolidating Hong Kong's central position as an offshore RMB market.

Based in Hong Kong, GTJAI provides comprehensive, diversified and high-quality integrated financial services with core business includes brokerage, corporate finance, asset management, loans and financing as well as financial products.

-- BERNAMA

Hitachi Energy Secures Order For Subsea Electricity Interconnection Between France, Spain

KUALA LUMPUR, June 15 (Bernama) -- Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, announced it won an order from Electricity Interconnection France-Spain (Inelfe).

The joint venture brings together operators of the Spanish (Red Eléctrica) and French (RTE) electricity transmission networks, in charge of the construction and commissions of all cross-border connections between both countries.

This is to supply four high-voltage direct current (HVDC) converter stations to interconnect France and Spain via a subsea cable across the Biscay Gulf, according to Hitachi Energy in a statement.

“Through our pioneering HVDC technology, we enable Inelfe to accelerate the two countries' sustainability goals, improving the safety, stability and quality of electricity supply between France and Spain and the rest of Europe,” said Hitachi Energy’s Grid Integration business Managing Director, Niklas Persson.

The Biscay Gulf interconnection, labelled as project of common interest at the European level, will consist of two HVDC links, with a converter station at each end of both systems. Combined, the links will efficiently supply a total of 2,000 megawatts (MW) of electricity at 400 kilovolts (kV) over 400 kilometres (km).

Providing the equivalent of the power consumption of more than two million households, the links will improve the safety, stability and quality of the electricity supply between the two countries.

Inelfe was set up following the 2008 Zaragoza Agreement, between the governments of Spain and France, with the mission to enhance the exchange of electricity between the two countries.

In line with its purpose to champion the urgency of a clean energy transition via innovation and collaboration, Hitachi Energy is collaborating with VINCI, an industry leader in energy and construction.

Together the two companies will provide an advanced solution for the Biscay Gulf project by delivering the engineering and power technologies and the construction of the converter stations.

-- BERNAMA

ACTYV.AI, OPNFI COLLABORATE BRINGING EMBEDDED FINANCE SOLUTIONS FOR BUSINESSES

KUALA LUMPUR, June 19 (Bernama) -- Artificial intelligence (AI)-powered enterprise Software-as-a-Service (SaaS) platform, actyv.ai and Opnfi, an embedded finance firm, announced a strategic partnership to bring business-to-business (B2B) Embedded Finance (EmFi) solutions for businesses in high-growth potential markets in South Asia, ASEAN, the Middle East and Africa.

“Our partnership will transform financial services in the South Asia, ASEAN & MEA markets, driving economic growth, financial inclusion and entrepreneurship.

“By combining our expertise, we will democratise access to finance, empowering businesses with embedded finance capabilities,” said actyv.ai Founder and Chief Executive Officer, Raghunath Subramanian in a statement.

Meanwhile, Managing Partner at Opnfi, Amit Sharma said the company’s strategic partnership with actyv.ai enhances its EmFi proposition and commitment to be a leading orchestrator of embedded financial services throughout the region.

“Our EmFi platform capabilities will enable actyv.ai to support a number of different use cases covering the entire spectrum of supply-side financing, ops-side financing and sales-side financing,” he said.

Opnfi’s B2B EmFi platform facilitates orchestration between enterprise customers and financial services institutions, which will allow actyv.ai to develop innovative embedded finance solutions tailored to specific needs of their corporate clients in one centralised platform.

At the core of this digital transaction network lies AI-based discovery, algorithmic credit processing and open application programming interface-based payment systems.

-- BERNAMA

QUANT TEAMS UP WITH BIS, BANK OF ENGLAND ON PROJECT ROSALIND AS TECHNOLOGY VENDOR

KUALA LUMPUR, June 19 (Bernama) -- Quant, the blockchain for finance pioneer, has announced its role as part of the vendor team for Project Rosalind, led by the Bank for International Settlements (BIS) and Bank of England, explored how application programming interfaces (APIs) could be used for central bank digital currency (CBDC) systems.

Project Rosalind, directed by the BIS Innovation Hub London Centre, has been testing how APIs could facilitate retail payments in CBDCs and support the exploration of innovative CBDC use cases.

The project looked specifically at a public-private sector collaboration model in which the public sector would provide core infrastructure, and the private sector would produce consumer-facing applications.

“For commercial banks and other institutions, the opportunity to apply this programmability to create innovative new products that differentiate themselves from challengers and competitors is almost endless.

“We encourage every bank and financial institution to read the Project Rosalind report and start planning their smart money infrastructure strategy,” said Quant Founder and Chief Executive Officer, Gilbert Verdian in a statement.

Quant partnered with UST, a leading digital transformation company, on the project, with Quant providing the underlying infrastructure and blockchain platform, secure smart contracts and interoperability of central bank ledgers, and UST building the frontend Rosalind API layer.

Collaborating with many participants in the ecosystem, the project has proven that APIs could play a key role in enabling CBDC systems to deliver a range of benefits in terms of payments functionality and security.

Another important outcome was innovation via exploring use cases, a world-first, that tested how CBDCs could support a more digitalised economy in the future. Quant has contributed to the work in designing and developing API functionalities to support innovation and to enable private sector programmability.

The London Innovation Hub Centre was established by Switzerland-headquartered BIS in 2021 and is one of six international nodes working to develop public goods in the technology space to support central banks and improve the functioning of the financial system.

-- BERNAMA

LEDDARTECH, A DISRUPTIVE AUTOMOTIVE SOFTWARE PROVIDER, TO BECOME A PUBLIC COMPANY VIA BUSINESS COMBINATION WITH PROSPECTOR CAPITAL CORP.

 · LeddarTech has the potential to disrupt the markets for Advanced Driver Assistance Systems (“ADAS”) and Autonomous Driving (“AD”) with patented low-level sensor fusion and perception software products.

· LeddarTech’s unique solution solves current limitations, enabling leading automotive original equipment manufacturers (“OEMs”) and Tier 1-2 suppliers to drive ADAS and AD to new levels of performance, safety and adoption.

· The transaction is expected to provide the company with up to U.S. $66 million in gross proceeds, including up to U.S. $23 million in proceeds from the Prospector trust account (assuming no redemptions) and U.S. $43 million in convertible PIPE proceeds.

·The transaction values LeddarTech at a pro-forma equity value of U.S. $348 million, assuming no redemptions and the full conversion of the convertible PIPE (without taking into account earn-out to LeddarTech existing shareholders or earn-out to Prospector’s sponsor). 
 

QUÉBEC CITY, June 15 (Bernama-GLOBE NEWSWIRE) -- LeddarTech Inc.® (“LeddarTech” or the “company”), an automotive software company that provides patented disruptive low-level sensor fusion and perception software technology for ADAS and AD, and Prospector Capital Corp. (“Prospector”) (Nasdaq: PRSR, PRSRU, PRSRW), a publicly traded special purpose acquisition company led by former Qualcomm President Derek Aberle and chaired by former Qualcomm Vice Chairman Steve Altman, today announced their entry into a definitive business combination agreement that would result in LeddarTech becoming a publicly listed company. Upon closing of the transaction, which is expected by the fourth quarter of 2023, LeddarTech is expected to be listed on Nasdaq under the ticker symbol “LDTC.”

The transaction values LeddarTech at a pro-forma equity value of U.S. $348 million (assuming no redemptions and the full conversion of the convertible PIPE [without taking into account earn-out to LeddarTech existing shareholders or earn-out to Prospector’s sponsor]) and is expected to provide LeddarTech with up to U.S. $66 million in gross cash proceeds, which are expected to be used to fund the commercialization of its first embedded software solutions, expand its product offerings and deepen its customer engagements. 

LeddarTech is a provider of industry-leading low-level sensor fusion and perception software for ADAS and AD. LeddarTech’s software solution is both sensor and processor-agnostic and significantly reduces the cost to OEMs and Tier 1-2 automotive suppliers while delivering improved performance and scalability for entry-level to premium ADAS/AD. ADAS and AD is the largest market within automotive software and is expected to grow at an 11% CAGR to U.S. $42 billion by 20301. The company has a strong early-mover advantage with over seven years of experience working on low-level sensor fusion and perception with 150 patents filed (80 granted) covering a broad array of foundational technologies such as signal acquisition, perception and fusion.

http://mrem.bernama.com/viewsm.php?idm=46369

THE FUTURE IS HERE: 3NM ASIC TECHNOLOGY IN CRYPTOCURRENCY MINERS

NEW YORK, June 16 (Bernama-GLOBE NEWSWIRE) -- A suite of next generation crypto miners from Bitmanu are currently the talk of the town in the crypto market. These 3 nanometer ASIC miners have been tipped by many experts as the future of crypto mining. The immense power of Bitmanu’s BM1, BM2, and BM Pro miners have made them most powerful and profitable mining rigs ever.

Powered by the latest and most advanced silicon semiconductor chips, Bitmanu miners offer higher transistor density, better mining speed, and reduced power consumption. However, the feature that sets Bitmanu miners apart from the rest is their hash rates. No other mining rig created so far has been able to match these hash powers.  

Extraordinary Hash Powers

• BM1: Bitcoin 760 TH/s, Litecoin 80 GH/s, Dash 15 TH/s, Monero 6 MH/s
• BM2: Bitcoin 1220 TH/s, Litecoin 128 GH/s, Dash 25 TH/s, Monero 10 MH/s
• BM Pro: Bitcoin 3900 TH/s, Litecoin 400 GH/s, Dash 75 TH/s, Monero 32 MH/s

Unlike most other products in the market, Bitmanu miners are extremely energy-efficient in spite of their extraordinary processing powers. The low power cost has made these miners a viable choice for many data centers as well as home mining projects. Interestingly, many Bitmanu customers have been able to recover their investment fully in less than a month, and make humungous profits thereafter.

Unprecedented Monthly Profits

• BM1: Bitcoin $1300, Litecoin $1800, Dash $4800, Monero $3600
• BM2: Bitcoin $2100, Litecoin $2900, Dash $8500, Monero $6000
• BM Pro: Bitcoin $6600, Litecoin $8900, Dash $20,000, Monero $22,000

“When we started Bitmanu, our goal was to bring about a long-term change to the market by making crypto mining convenient and profitable like never before. It gives us immense pleasure to inform that many of our satisfied customers have no prior experience in crypto,” said David Letoski, CMO of Bitmanu.

To find out more about Bitmanu, please visit https://bitmanu.com/

About Bitmanu: Bitmanu stands as a prominent manufacturing company, driven by a team of investors and renowned experts in the cryptocurrency industry. The company’s mission is to make the advantages of the latest technological innovations accessible to everyone. Bitmanu proudly presents an impressive lineup of cryptocurrency miners that deliver exceptional returns on investment with remarkable speed.


Alex Torum

media@bitmanu.com

+1 347 973 5948 


SOURCE : Bitmanu

FEDEX AND FLOSHIP FORM COMMERCIAL PARTNERSHIP TO DELIVER WHAT'S NEXT IN E-COMMERCE

Investment from FedEx Innovation Lab and innovative collaboration strengthens FedEx end-to-end digital fulfillment and returns solution

HONG KONG, June 14 (Bernama-GLOBE NEWSWIRE) -- FedEx Corp. (NYSE: FDX) and Floship, a leading global circular supply chains solutions provider for e-commerce brands, today announced a partnership designed to provide enhanced fulfillment and logistics services to e-tailers worldwide.
 

      Through investment by the FedEx Innovation Lab (FIL), the partnership will create an end-to-end digitalized fulfillment and return solution, enhancing operational efficiency through optimal inventory management and best-in-class delivery using FedEx services.

      This partnership will give FedEx’s e-commerce customers access to Floship’s global network of warehouses and powerful logistics platform’s capabilities to streamline their e-commerce fulfillment operations. At the same time, Floship’s customers will be able to leverage FedEx global networks as well as a full range of FedEx extensive transportation options to optimize their operations.

      Additionally, FedEx’s and Floship’s cross-border e-commerce customers in Asia-Pacific, Middle East and Africa, Europe, and North America will gain access to enhanced fulfillment, last-mile delivery, as well as hassle-free returns.

      “Partnerships like this will help us accelerate how we reimagine the future of logistics,” said Salil Chari, senior vice president, Marketing and Customer Experience for Asia Pacific, Middle East, and Africa (AMEA) region, FedEx Express. “E-commerce sales continue to grow  worldwide^¹. With the growing shift to online purchasing, consumers are looking for seamless service – from delivery times and easy returns to personalized experiences^². At the same time, e-tailers are seeking to improve service levels while optimizing their operations and lowering their cost-to-serve. Collaborating with industry innovators like Floship will help online retailers better compete supported by the FedEx global logistics network.” 

http://mrem.bernama.com/viewsm.php?idm=46361

RED HAT, DSO NATIONAL LABORATORIES COLLABORATE TO ADVANCE DEFENCE R&D EFFORTS

KUALA LUMPUR, June 15 (Bernama) -- Open source leader Red Hat Inc and DSO National Laboratories (DSO), Singapore’s national defence research and development (R&D) organisation, announced a collaboration to develop new DevSecOps capabilities.

According to Red Hat in a statement, the joint work between Red Hat and DSO shows the value of collaboration to facilitate knowledge exchange in Singapore’s defence R&D efforts.

DevSecOps, an information technology (IT) approach that combines development, operations and system security practices, encompasses culture, automation, and platform design, integrating security considerations as a shared responsibility throughout the entire IT lifecycle.

Red Hat aims to collaborate with and support DSO’s DevSecOps development through the adoption of a trusted hybrid cloud solution that improves integration and interoperability among systems.

“With the adoption of Red Hat open source technologies, DSO will have more agility to respond quickly and nimbly to new challenges through continuous innovation.

“We look forward to working with DSO on DevSecOps, automation and other initiatives that will help DSO advance Singapore’s defence resiliency,” said Red Hat APAC vice president, enterprise sales, Daniel Aw.

Meanwhile, DSO Chief Executive Officer, Cheong Chee Hoo said: “This collaboration will significantly advance our knowledge and capabilities in the latest DevSecOps practices as we deliver solutions from enterprise IT systems to mission-critical systems deployed in the field.”

Using Red Hat OpenShift, Red Hat Ansible Automation Platform and Red Hat Device Edge (early access) in addition to Red Hat training services, organisations like DSO can tap enterprise open source software to enhance automation processes and bridge old and new IT systems to deliver timely, mission-critical applications and services.

DSO also aims to more quickly develop and deploy software to respond to evolving mission conditions in the field.

-- BERNAMA

ANAQUA TO HOST ANNUAL USER EXPERIENCE CONFERENCE WITH KEYNOTES FROM BASF, COPYRIGHT CLEARANCE CENTER, AND IBM

Global innovators to meet, collaborate, and discuss the future of IP


BOSTON, June 15 (Bernama-GLOBE NEWSWIRE) -- Anaqua, the leading innovation and intellectual property (IP) management technology provider, today announces the keynote speakers and session line-up for its 2023 Anaqua Experience Conference (AEC). The AEC brings together IP and business leaders from across the globe to discuss key industry issues and the future of IP. Attendees will hear from industry experts as they share trends, insights, and best practices; engage in networking events to promote industry collaboration; and participate in training sessions to help further enhance their IP management.

“We are honored to serve the most innovative companies and law firms across the globe with our leading end-to-end, corporate, and law firm-focused IP management solutions,” said Bob Romeo, CEO of Anaqua. “Our client conference provides an opportunity for the IP community to engage with each other and with the Anaqua team as we partner to succeed in the constantly changing IP environment.”

The conference’s keynote speakers include:

• Dr. Markus Braun, Head of IP Operations, BASF
• Tracey Armstrong, President and CEO, Copyright Clearance Center
• William R. LaFontaine, General Manager, IP, Vice President, Research Business Development, IBM Corporation

“One of the best things about The Anaqua Experience Conference is how interactive it is,” said Aileen Buchanan, Vice President, Client Success of Anaqua. “After years of virtual conferences, we are looking forward to gathering with our client community in one place to facilitate discussions on industry issues and challenges, exchanging views and insights, while strengthening our long-term partnership with clients. This ongoing, invaluable collaboration with our clients is part of what we call ‘The Anaqua Experience.’”

Anaqua will also host several sessions by leading international IP practitioners, including:

• Christof Wolpert, VP Global Legal Innovation, adidas 

• Michelle Sympson, Manager, Global IP Administration, ASM
• Halim Shehadeh, CEO, CWB Legal
• Maxwell Adams, Patent Systems Operations Manager, Dolby
• Benjamin Brown, Chief IP Counsel, Onto Innovation
• Linda Kasulke, IP Paralegal, Rockwell Automation
• Satoshi Ikeda, Senior Manager, IP, Sony
• Michelle L. Saitz, IP Practice Support Services Supervisor, Thompson Coburn
• Allyson L. Campbell, IP System Administrator, Thompson Coburn
• Matthew Luby, Group Director, IP Analytics, TTI
• And more.

The 2023 AEC will be held at the MGM National Harbor Hotel in Oxon Hill, Maryland, USA from June 26-29. Registration remains open until June 26. To register for the event and learn more about the session line-up, visit anaqua.com/AEC.

About Anaqua

Anaqua, Inc. is a premier provider of integrated intellectual property (IP) management technology solutions and services for corporations and law firms. Its IP management software solutions, AQX and PATTSY WAVE, both offer best practice workflows with big data analytics and tech-enabled services to create an intelligent environment designed to inform IP strategy, enable IP decision-making, and streamline IP operations, tailored to each segment’s need. Today, nearly half of the top 100 U.S. patent filers and global brands, as well as a growing number of law firms worldwide use Anaqua’s solutions. Over one million IP executives, attorneys, paralegals, administrators, and innovators use the platform for their IP management needs. The company’s global operations are headquartered in Boston, with offices across the U.S., Europe, and Asia. For additional information, please visit anaqua.com, or on LinkedIn.

Company Contact:
Amanda Glagolev
Director, Communications
Anaqua
617-375-5808
aglagolev@anaqua.com 

SOURCE : Anaqua Inc

SEVENSTEP INTRODUCES TALENT ACQUISITION ASSESSMENT AND CONSULTING SERVICE

KUALA LUMPUR, June 14 (Bernama) -- Sevenstep, a global talent solutions leader, has launched Talent Unbounded, its talent acquisition assessment and consulting service.

Based on more than 15 years of experience meeting hard-to-fill, high-value talent needs for top global enterprises and mid-market organisations, Talent Unbounded provides strategy and expertise to position companies for success in a changing workforce landscape.

“Drawing on the clear vision our clients have come to expect from Sevenstep, Talent Unbounded is uniquely suited to help companies build the workforce intelligence, recruiting strength, and process flexibility needed to succeed,” said Sevenstep President, Amy Bush in a statement.

Talent Unbounded applies proven assessment methodologies to identify gaps and deliver a practical roadmap for improvement across critical areas of talent acquisition, including data and technology, cost control, employer branding, and diversity, equity and inclusion (DEI).

The company tailors its strategies to focus on improving strength to compete for workers in short supply, boosting intelligence to drive best-outcome decisions, and achieving agility to adjust quickly to changing demands.

The service is built on a best-practice assessment process aligned with services and capabilities uniquely suited to an organisation's needs, whether it seeks a snapshot of a particular issue or a full assessment and resources to drive holistic talent strategy.

The assessment pinpoints gaps and opportunities for improvement and is complemented by an action plan, implementation, support, and optional partnership to advance new talent needs.

A solutions leader in all facets of talent acquisition, including permanent hires, the contingent workforce, recruiting best practices, and technology and analytics, Sevenstep delivers effective strategies through its hands-on approach to assessment services.

-- BERNAMA

BUSAN EQUITY PARTNERS TO INVEST IN PGMPI

KUALA LUMPUR, June 14 (Bernama) -- Busan Equity Partners (BEP), a Korean asset management company, will invest in the Philippine General Minerals Project Inc (PGMPI), a Filipino rare earth element mining company.

In a statement, BEP announced a plan to install facilities in a factory producing rare earth elements and nickel, among others, along with an additional investment in PGMPI together with a listed company in Korea.

“Our decision to invest in PGMPI not only in equity but also in the manufacturing process is based on the judgment that the demand for materials in the high-tech industrial fields will expand greatly in the future.

“From the 13 mines for which PGMPI has acquired mining rights from the Filipino government, we can commence production and distribution immediately after the refinery establishment,” said BEP Chief Executive Officer, Lee Yun-seong.

On May 1, BEP signed a memorandum of understanding with PGMPI to develop core minerals, and finalised support measures for business cooperation with the Philippine government officials.

The agreement with PGMPI for establishing a joint venture in the Philippines will be wrapped up this month. Through the MOU, BEP has paved a way for stable production of key minerals.

The rare earth elements such as nickel, zirconium, niobium and hafnium that PGMPI will mine via this investment are strategic critical minerals which are important minerals used in the core components and materials for electric vehicles, semiconductors and secondary cells.

-- BERNAMA

Cohere Secures Us$270 Mln Funding To Empower Businesses With Generative Ai

KUALA LUMPUR, June 9 (Bernama) -- Cohere, the leading artificial intelligence (AI) platform for enterprise, announced US$270 million in new capital as part of its Series C financing. (US$1=RM4.60)

Inovia Capital led the round, with additional participation from a diverse group of global institutional and strategic investors, including NVIDIA, Oracle, Salesforce Ventures, DTCP, Mirae Asset, Schroders Capital, SentinelOne, Thomvest Ventures, and returning investor Index Ventures, some of the most respected technology companies in the world.

“As the early excitement about generative AI shifts toward ways to accelerate businesses, companies are looking to Cohere to position them for success in a new era of technology.

“The next phase of AI products and services will revolutionise business, and we are ready to lead the way,” said Cohere chief executive officer and co-founder, Aidan Gomez in a statement.

Cohere’s AI platform is uniquely designed for enterprises, offering data-secure deployment options in companies’ existing cloud environments, customisation and customer support, including an ecosystem of consulting and system integrator partners to help enterprises at any stage in their AI journey.

Cohere’s enterprise AI suite is cloud-agnostic, offering the highest levels of flexibility and data privacy. It is built to be available on every cloud provider, deployed inside a customers’ existing cloud environment, virtual private cloud (VPC), or even on-site, to meet companies where their data is.

This is to empower businesses to transform existing products and build the next era-defining generation of innovative solutions all while keeping their data secure.

The announcement comes on the heels of Cohere’s momentum in several areas, namely a recent announcement to collaborate with Salesforce Ventures to advance generative AI to realise business value; an engagement with LivePerson to supercharge customer experiences; and a host of additional demand and interest from the enterprise market.

-- BERNAMA

LOS ANGELES PROPER HOTEL (JF12) PROJECT SECURES I-829 APPROVALS - EB5 CAPITAL

 

KUALA LUMPUR, June 12 (Bernama) -- EB5 Capital announced that investors in its Downtown Los Angeles Proper Hotel (JF12) project have begun receiving I-829 approvals from the United States Citizenship and Immigration Services (USCIS).

According to a statement, USCIS issues I-829 approvals, or permanent residency, to investors who have demonstrated that their EB-5 investment resulted in the creation of at least 10 full-time jobs, and also completed their two-year conditional residency period.

“An I-829 approval is a major milestone in the EB-5 immigration and investment process. It officially completes the immigration process for an EB-5 investor and confirms that a project has fulfilled all the requirements under the programme, including job creation,” said EB5 Capital Senior Vice President of Operations and Compliance, Mariana Gomez.

Proper Hotel (JF12) is a 13-storey, 148-room luxury lifestyle hotel in the heart of Downtown Los Angeles, and this historical building was initially a private club in the 1920s frequented by members of Hollywood.

The property now features three distinct food and beverage spaces operating in partnership with James Beard Foundation award winners. It also has 14,000 square feet of meeting space and a rooftop pool with unobstructed panoramic views of the city.

The hotel opened to the public in October 2021 and the redevelopment created over 1,000 EB-5 qualifying jobs, more than enough jobs to cover all the EB-5 investors who invested in the project.

-- BERNAMA

DUCK CREEK TECHNOLOGIES RATED A LUMINARY IN CELENT'S 2023 INSURER STAND-ALONE RATING ENGINES NORTH AMERICA AND GLOBAL REPORTS

Boston, June 9 (Bernama-GLOBE NEWSWIRE) -- Duck Creek Technologies, the intelligent solutions provider defining the future of Property and Casualty (P&C) and general insurance, earns Luminary status in Celent’s 2023 North America and global reports, Insurer Stand-Alone Rating Engines. Duck Creek’s rating solutions have been recognized in the report’s highest-ranking category for advanced technology and breadth of functionality.

This report provides an overview of Duck Creek Rating, which enables customers to rate 583,000 quotes per hour/per server of complex personal lines policies in a 100% horizontally scalable manner. In North America and across the globe, Duck Creek maintains an open platform and open ecosystem philosophy, offering over 100 pre-built and validated integration accelerators. This includes Duck Creek Rating Anywhere Integrations with Coherent, Akur8, AAIS, and Verisk. Celent’s report profiles key stand-alone rating engines and provides an overview of their functionality and technology. The report equips P&C insurance carriers with the knowledge and insights to evaluate the market’s best stand-alone rating engines for their business.

“Duck Creek is proud to continue to earn Celent’s highest Luminary ranking in North America and globally for our rating solutions,” said Jess Keeney, Chief Product & Technology Officer, Duck Creek Technologies. “We are continuously seeking ways to modernize our technology and create evergreen solutions that cultivate a better user experience for our customers. Deploying frequent, fully automated updates with configurability enables us to do this.”

“Duck Creek was one of only two named Luminaries in the report, which is our highest designation,” said Karlyn Carnahan, Head of Insurance for Celent. “Not only does the distinction celebrate the most advanced technology in the rating space, but it also recognizes the solutions with the most expansive functionality. Duck Creek’s solution ranked high in both categories.”

About Celent

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally experienced analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly owned subsidiary of Marsh McLennan Companies. [NYSE: MMC]. For more information, visit www.celent.com. Follow Celent on Twitter @Celent_Research.

About Duck Creek Technologies

Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and Twitter. 

http://mrem.bernama.com/viewsm.php?idm=46311

MedTech Innovator Asia Pacific Names 24 Startups to Annual Accelerator

LOS ANGELES & SINGAPORE, June 8 (BUSINESS WIRE) --

MedTech Innovator, the world’s largest accelerator of medical technology companies announced today that 24 medtech companies will participate in the fourth annual Asia Pacific Accelerator program.

MedTech Innovator Asia Pacific offers best-in-class startups opportunities to work with investors, business leaders and allied service professionals in the medtech industry to help drive commercialization of life-changing technologies throughout the region. The 2023 cohort companies will also compete for up to US$ 300,000 in cash prizes and awards.

“As the world’s largest accelerator of medtech companies, MedTech Innovator established the Asia Pacific Program in 2019 because of the incredible innovation in the region. We look forward to working with our partners to support this year’s cohort of companies and to help them advance their technologies,” said Paul Grand, CEO of MedTech Innovator.

Over 400 companies applied for the Asia Pacific program this year, and after a rigorous selection process, 60 companies were invited to pitch, 24 of which were named to the 2023 cohort. In early December, four startups from the 2023 Asia Pacific cohort will advance to compete in the Grand Finals to be held at APACMed’s Medtech Forum 2023 in Singapore. Attended by health care industry leaders, health care providers, and investors from across the region, the MedTech Forum will also showcase solutions from all 24 Accelerator cohort companies. The winning company, which will be determined by audience vote, stands to win a non-dilutive cash prize and the title of the 2023 MedTech Innovator Asia Pacific Winner.

For the first time, MedTech Innovator Asia Pacific’s 2023 cohort will include four shortlisted companies that are part of the inaugural Olympus Asia Pacific Innovation Program (OAIP). This program focuses on minimally invasive care and new ways to detect, monitor, and treat conditions and diseases. The winning innovator will receive grant funding of US$ 75,000 as well as an exclusive mentorship program with key thought leaders from within Olympus.

The 24 companies selected to the 2023 MedTech Innovator Asia Pacific Accelerator are:

1. Accuster Technologies (India)
2. Astron Medtech (US)
3. Biotome (Australia)
4. Flexperc Medical (US)
5. Gbrain (South Korea)
6. GenLight Medical (China)
7. Healium Medical (Israel)
8. Jdot (Changzhou) Medical Technology (China)
9. Kinexcs (Singapore)
10. Lifespans (Hong Kong, China)
11. Medipixel (South Korea)
12. MedySapiens (South Korea)
13. Module Innovations (India)
14. Neurowyzr (Singapore)
15. NICE Surgical Solutions (Singapore)
16. Ossfila Technology (Hong Kong, China)
17. PrimaNova Technologies (Hong Kong, China)
18. Thrixen (Singapore)
19. Vivo Surgical (Singapore)
20. Weinnovate Biosolutions (India)

The companies shortlisted for the OAIP are:

1. BioCliq (India)
2. NDR Medical (Singapore)
3. Sonire Therapeutics (Japan)
4. Vesica Corporation (US)

MedTech Innovator’s 2023 Asia Pacific program sponsors include Johnson & Johnson, Olympus, Teleflex, Siemens Healthineers, B Braun Medical, Cambridge Consultants, JABIL Healthcare and Enterprise Singapore. The MedTech Innovator Asia Pacific Program is held in partnership with APACMed.

About MedTech Innovator

Based in Los Angeles, MedTech Innovator is the world’s largest accelerator of medical technology companies and the premier nonprofit startup accelerator in the medical technology industry. Its mission is to improve the lives of patients by accelerating the growth of companies that are transforming the healthcare system. Since 2013, MedTech Innovator has reviewed more than 9,000 startups and graduated 509 companies that have gone on to raise more than $6.8 billion in follow-on funding.

MedTech Innovator works closely with stakeholders across the industry to promote the growth of early and mid-stage startups. In collaboration with 35 corporate partners, as well as a broader network of more than 1,000 industry executives including investors, business development representatives, and other stakeholders, MedTech Innovator provides startups with individualized mentorship and feedback, funding opportunities, and continual engagement with peers and advisors.

For more information about MedTech Innovator, visit the website, and follow them on LinkedIn and Twitter. Follow MedTech Innovator Asia Pacific on LinkedIn.

About Asia Pacific Medical Technology Association (APACMed)

Founded in 2014 and headquartered in Singapore, APACMed represents manufacturers and suppliers of medical equipment, devices and in vitro diagnostics, industry associations and other key stakeholders associated with the medical technology industry in Asia Pacific.

Providing a unified voice for the medical devices and in-vitro diagnostics industry in Asia Pacific, APACMed works proactively with bilateral, regional and local government bodies to shape policies, demonstrate the value of medical technology and promote regulatory harmonization. We strive to promote digital health innovation and impact policy that advances healthcare access for patients by engaging with medical device associations and companies in Asia Pacific.

APACMed is also host to the annual Asia Pacific MedTech Forum. www.apacmed.org

Contact

Joe Duraes
Pazanga Health Communications
jduraes@pazangahealth.com
(917) 687-6419

Source : MedTech Innovator