MonetaGo, SWIFT fight fraud with live launch of Financing Validation Service

KUALA LUMPUR, Oct 27 (Bernama) -- MonetaGo and SWIFT have achieved an important milestone in the global fight against fraud and duplicate financing with the live launch of the Trade Financing Validation Service provided by MonetaGo over the global SWIFT network.

In a statement, MonetaGo said the service was the first third-party service in trade available through the SWIFT API channel. 

“For the first time in the history of trade finance, there is now a global standardised system to check duplicate financing.

“The additional authentication services availed through the same system will provide greater assurance to lenders on the integrity of their financing transactions,” said MonetaGo chief executive officer Neil Shonhard.

SWIFT wholesale payments and trade strategy head Shirish Wadivkar said the validation service is a great example of how MonetaGo’s API platform could be harnessed to provide a single solution to help banks tackle fraud and financial crime at the international level.

The Trade Financing Validation Service’s live launch came after the successful completion of the pilot phase which saw the participation of 20 institutions on four continents, MonetaGo said.

“The service can now be accessed by all the 11,000 plus institutions in the SWIFT network.

“The participating institutions included some of the world’s largest trade finance banks, representing lenders in the US, the UK, Europe, Asia and Australia,” it added.

MonetaGo said the trade finance industry has a natively global solution that is interoperable by markets, institutions and platforms, enabling financiers to catch and stop cross-border fraud with the launch of the validation service over SWIFT.

MonetaGo provides the first-ever global solution to duplicate financing fraud in trade finance and is the world’s foremost provider of such technology to prevent both domestic and cross-border duplicate financing.

-- BERNAMA

UNIPHORE JOINS AWS ISV ACCELERATE PROGRAM

Brings powerful conversational AI and automation capabilities for seamless customer experience to Amazon Web Services customers

PALO ALTO, Calif., Oct 27 (Bernama-BUSINESS WIRE) -- Uniphore, the leader in conversational AI and automation, today announced it has been accepted into the Amazon Web Services (AWS) Independent Software Vendor (ISV) Accelerate Program, a co-sell program for AWS Partners who provide software solutions that run on or integrate with AWS. The program helps partners drive new business and accelerate sales cycles by connecting the participating ISVs with the AWS Sales organization.

Through the AWS ISV Accelerate Program, Uniphore receives focused co-selling support from AWS, access to further sales enablement resources, reduced AWS Marketplace listing fees, and incentives for AWS Sales teams. The program provides participating ISVs with access to millions of active AWS customers globally.

“We are delighted to be accepted into the AWS ISV Accelerate Program,” said Kennedy Pereira, VP, CCaaS Ecosystem, Global Alliances & Partnerships at Uniphore. “This is yet another proof of the value our technology brings to enterprises and our commitment to our customers. It’s also a testament of Uniphore being at the forefront of always delivering the most robust solutions through solid partnerships, like the one with the AWS Sales organization.”

Uniphore, whose conversational AI and automation products are used globally by enterprises in a range of industries, went through AWS’s comprehensive review process, including an extensive technical review of Uniphore’s platform and architecture as well as validation of Uniphore’s benefits for enterprise-level customers. AWS customers who deploy Uniphore can be confident in the platform’s integration with existing workloads and applications, supported by AWS.

About Uniphore

Uniphore is the global leader in Conversational Automation. Every day, billions of conversations take place across industries — customer service, sales, HR, education and more. Whether they are human to human, human to machine or machine to machine, conversations are at the heart of everything we do, and the new currency of the enterprise.

At Uniphore, we believe companies that best understand and take action on those conversations will win. We have built the most comprehensive and powerful platform that combines conversational AI, computer vision, emotion and tonal analysis, workflow automation, and RPA (Robotic Process Automation) with a business-user-friendly UX in a single integrated platform to transform and democratize customer experiences across industries. 

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Kyriba transforms cash forecasting with Liquidity Planning Platform

KUALA LUMPUR, Oct 25 (Bernama) -- Kyriba, a global leader of cloud-based finance and IT solutions, has announced the launch of Liquidity Planning, a totally reimagined cash flow planning and forecasting solution.

“Forecasting has changed. CFOs must plan liquidity and free cash flow against multiple risk scenarios and they are demanding data and analytics to deliver forecast accuracy in real-time.

“The cost of ineffective forecasting has risen to unprecedented levels, with CFOs losing millions because they lack the tools to manage enterprise liquidity,” said Global Head of Market Strategy at Kyriba, Bob Stark, in a statement.

Liquidity Planning unifies FP&A, working capital and treasury data across multiple scenarios, giving CFOs data, insight and actionability to accurately manage the cash lifecycle and improve the accuracy of free cash flow projections.

Innovation from Kyriba’s Liquidity Planning Platform include Long Term Planning; Forecast Scenario Modeling; and Liquidity Analytics.

This is Kyriba’s fourth product innovation announced in the past three months to support CFOs during a time of unprecedented volatility and uncertainty. 

Liquidity Planning is complemented by Cash Management AI, FX Portfolio VaR Analysis and Commodities Risk Management.

More details at www.kyriba.com.

-- BERNAMA

Chongming's good air quality a boon to farms, crops

 

Caption: Chongming's fishery and electricity symbiosis, which includes a solar energy panel on a culture pond, benefits from natural resources.

Caption: Good air quality in Chongming

KUALA LUMPUR, Oct 25 (Bernama) -- Chongming farmers have unanimously recognised the positive impact of good air on agricultural products.

Toxic gases in the air, such as sulphur dioxide, ozone and nitrogen oxides, can enter the leaves or crops through the open stomata on their surface, thus affecting photosynthesis efficiency and damaging leaf tissue, leading to yellowing, whitening and withering of the leaves.

The Shanghai Chongming District People’s Government Information Office said the excellence of air quality in Chongming Island increased from 80.5 per cent in 2017 to 92.8 per cent in 2021.

“The concentration of fine particulate matter PM2.5 decreased by 31.6 per cent during the same period,” it said in a statement.

It said the concentration of nitrogen dioxide, sulphur dioxide and nitric oxide continued to decrease, reaching the national first-class standard. Chongming’s overall air quality is one of the best among Shanghai’s 16 districts.

Farmers who plant crispy taros in Luhu Village are proud of their better quality products compared to neighbouring provinces. 

“We don’t use pesticides to enhance rice growth because the soil is good, the water is good, and the air is good,” said Huang Guochao, who planted rice in Miaozhen Town and initiated the “rice-fish symbiosis” project.

In addition, the 10 hectares of honey pear planted in Xinhe Town also require a high-growth environment, and only in Chongming can they grow well, local farmers added.

-- BERNAMA

Security information and event management spending to exceed US$6.4 bln by 2027 -- Juniper Research

KUALA LUMPUR, Oct 17 (Bernama) -- Total business spending on security information and event management (SIEM) is expected to exceed US$6.4 billion globally by 2027, up from just over US$4.4 billion in 2022, according to a new Juniper Research study. (US$1=RM4.71)

It predicted that the 45 per cent growth will be driven by the transition from term licence, where businesses can use SIEM for specific licence lengths, to more flexible Software-as-a-Service (SaaS) models, where SIEM solutions are purchased via monthly subscription.

A SIEM system is a combination of security information management (SIM) and security event management (SEM), resulting in real-time automated analysis of security alerts generated by applications and network hardware, leading to improved corporate cybersecurity.

The research identified the world’s leading SIEM providers by evaluating their offerings and key factors leading to their respective success such as the breadth and depth of their platforms.

The top three vendors are IBM, Rapid7, and Splunk, according to a statement.

In addition, the research found that SaaS business models within SIEM are gaining traction, accounting for almost 73 per cent of global business spending on SIEM in 2027, from only 37 per cent in 2022. 

This significant increase represents an opportunity for newer vendors to break into the market with appealing SaaS-based models. Nonetheless, SIEM vendors must be careful not to ignore larger enterprises, which still prefer term licences.

Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports, and industry commentary.

-- BERNAMA

BHSI appoints Pedro Mairos as global underwriting officer, marine

KUALA LUMPUR, Oct 18 (Bernama) -- Berkshire Hathaway Specialty Insurance (BHSI) has appointed Pedro Mairos as the global underwriting officer, marine.

Mairos was previously BHSI’s head of Marine for the United Kingdom and Ireland.

“Our large global footprint, coupled with the substantial growth of our marine business, made now the optimal time to deepen the global leadership of our marine underwriting team worldwide.

“We are pleased to have such talents across both underwriting and claims sections to service our marine customers and brokers in local markets around the globe,” said BHSI’s Property and Marine chief underwriting officer, Dean LaPierre in a statement today.

Mairos joined BHSI in 2019, and has more than two decades of experience in the global marine market, including Europe, Asia and the Middle East.

BHSI offers a full range of marine insurance products worldwide, including inland transit, motor truck cargo, warehouse legal liability, builder’s risk, contractor’s equipment, ocean cargo, stock throughputs, project cargo and marine equipment, including subsea equipment.

-- BERNAMA

eCloudvalley among best companies to work for in Asia 2022

KUALA LUMPUR, Oct 17 (Bernama) -- eCloudvalley Digital Technology was recently named one of the best companies to work for in Asia by the leading human resources magazine HR Asia.

The magazine has distributed a series of questionnaires to multiple organisations for employees to answer anonymously.

According to the study, eCloudvalley is far ahead of the market average in terms of “encouraging innovation, building a shared and flexible environment, and creating a friendly working atmosphere”.

The culture of eCloudvalley is deeply rooted in their Day 1 innovative spirit which has resulted in their impeccable working conditions.

“The cloud industry is rapidly changing, and only those with a growth mindset can face the unknown challenges. Everyone in eCloudvalley is a market game changer.

“As eCloudvalley continues to grow and our talent pool expands, we remain committed to the spirit of Day 1 and embrace innovation,” said chief executive officer MP Tsai in a statement.

The born-in-the-cloud company has established a strategic recruiting process to target potential cloud talents through its own recruiting process called “STAR Principle”, an acronym for Situation, Task, Action, and Result.

It requires recruiters to ask situational questions and assess whether candidates can provide innovative and flexible solutions in a limited amount of time.

eCloudvalley has grown to over 600 employees with 10 locations in the Asia Pacific region.

-- BERNAMA

AGC secures first environmental product declaration for architectural glass in Asia-Pacific

KUALA LUMPUR, Oct 11 (Bernama) -- AGC Inc (AGC) has announced the acquisition of its first environmental product declaration (EPD) for float glass manufactured at its two Asian plants - PT Asahimas Flat Glass Tbk and AGC Flat Glass (Thailand) Plc.

According to a statement, this is the first EPD attained by the AGC Group for architectural glass manufactured in the Asia-Pacific region.

The EPD obtained by AGC discloses the environmental impact of the architectural glass's production stage. It benefits owners, architects, specifiers, and building professionals by enabling them to evaluate the environmental impacts associated with building materials.

The EPD is a type III environmental declaration compliant with the ISO 14025 standard and verified by the Sustainable Management Promotion Organisation's (SuMPO) Japan EPD programme.

The environmental declaration also meets the requirements of the government's building regulations, as well as contributes to earning points for obtaining green building scheme certifications, since green building rating systems award credits for building projects that use EPD-certified materials. 

The AGC Group will utilise this EPD to contribute to green purchasing and procurement in the construction industry in Asia.

The company will also widen its EPD coverage to high-performance glass products, such as coated glass, double-glazing units and decorative glass manufactured at Asian plants.

-- BERNAMA

ELASTIC APPOINTS BARRIE SHEERS VICE PRESIDENT, ASIA-PACIFIC AND JAPAN

KUALA LUMPUR, Oct 6 (Bernama) -- Elastic, a leading platform for search-powered solutions and the company behind Elasticsearch, has announced the appointment of Barrie Sheers as vice president, Asia-Pacific and Japan (APJ). 

Based in Singapore, Sheers will report directly to Elastic’s Chief Sales Officer, Michael Cremen, according to a statement.

“I'm thrilled to welcome Barrie to Elastic. He joins us at a significant time as we continue building market momentum and accelerate our cloud business,” said Cremen.

“Barrie’s deep expertise in the cloud market, coupled with his extensive experience in creating and executing go-to-market strategies in the APJ region, will position Elastic for accelerated growth and scale while helping our customers solve the problems that truly matter.”

Sheers will lead Elastic’s business strategy and operations in APJ and will be responsible for overall business growth, particularly strategic growth initiatives and long-term strategies to drive cloud hypergrowth, opportunities in new market segments, and increase customer lifetime value.

He brings over 20 years of executive-level experience leading high-performing, customer-centric teams at some of the world’s largest cloud and enterprise technology companies.

“It is an exciting time to join Elastic and leverage my cloud experience to strengthen existing and new customer relationships and accelerate the company’s ongoing momentum to its next phase of growth,” said Sheers.

Sheers joins Elastic from Microsoft, where he served as chief partner officer, APJ, responsible for building the partner ecosystem across Asia to improve sales performance.

-- BERNAMA

NAPIER WELCOMES INDUSTRY LEADER JULIAN CLARKE TO LEAD ITS GLOBAL CORPORATE DEVELOPMENT

 

Napier welcomes industry leader Julian Clarke to lead its global corporate development (Graphic: Business Wire)

LONDON, Oct 5 (Bernama-BUSINESS WIRE) -- Napier, a global end-to-end intelligent compliance platform and provider of advanced financial crime risk management solutions, has announced the appointment of Julian Clarke as its new Global Head of Corporate Development.
 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221004005975/en/
 

In his new role, Clarke is set to work closely with Napier’s CEO, Greg Watson, to develop a robust strategy for the firm’s global third-party distribution, including partnerships and alliances.

Clarke’s addition to the Napier team brings considerable expertise in corporate development, gained from over 20 years at the likes of Capgemini, Sopra Steria and, most recently, as Fenergo’s Vice President and Head of Global Partners and Alliances.

Continuing the award-winning RegTech’s trajectory of aggressive expansion, corporate development under Clarke will form a key pillar of Napier’s growth strategy over the next several years, with a view to solidify its presence in existing markets and expand its global footprint.

“It is tremendously exciting to join Napier at this point of its expansion. As a market-leading vendor offering exceptional technology to combat financial crime, Napier is in an excellent position to build upon and foster new relationships to create a world-class distribution network to deliver the best services and new opportunities for our clients,” said Clarke.

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CONFLUENT REIMAGINES DATA PIPELINES FOR THE STREAMING ERA WITH STREAM DESIGNER

Accelerate the shift to real-time with the industry’s first visual interface for building, testing, and deploying data pipelines natively on Apache Kafka^®

AUSTIN, Texas, Oct 5 (Bernama-BUSINESS WIRE) -- Confluent, Inc. (NASDAQ: CFLT), the data streaming pioneer, today announced Stream Designer, a visual interface that enables developers to build and deploy streaming data pipelines in minutes. This point-and-click visual builder is a major advancement toward democratizing data streams so they are accessible to developers beyond specialized Apache Kafka experts. With more teams able to rapidly build and iterate on streaming pipelines, organizations can quickly connect more data throughout their business for agile development and better, faster, in-the-moment decision making.

"We are in the middle of a major technological shift, where data streaming is making real time the new normal, enabling new business models, better customer experiences, and more efficient operations,” said Jay Kreps, Cofounder and CEO, Confluent. “With Stream Designer we want to democratize this movement towards data streaming and make real time the default for all data flow in an organization.”

In the streaming era, data streaming is the default mode of data operations for successful modern businesses. The streaming technologies that were once at the edges have become core to critical business functions. This shift is fueled by the growing demand to deliver data instantaneously and scalably across a full range of customer experiences and business operations. Traditional batch processing can no longer keep pace with the growing number of use cases that depend on sub-millisecond updates across an ever-expansive set of data sources.

Organizations are seeking ways to accelerate their data streaming initiatives as more of their business is operating in real time. Kafka is the de facto standard for data streaming, as it enables over 80% of Fortune 100 companies to reliably handle large volumes and varieties of data in real time. However, building streaming data pipelines on open-source Kafka requires large teams of highly specialized engineering talent and time-consuming development spread across multiple tools. This puts pervasive data streaming out of reach for many organizations and leaves existing legacy pipelines clogged with stale and outdated data.

“A rising number of organizations are realizing streaming data is imperative to achieving innovation and maintaining a healthy business,” said Amy Machado, Research Manager, Streaming Data Pipeline, IDC. “Businesses need to add more streaming use cases, but the lack of developer talent and increasing technical debt stand in the way. Visual interfaces, like Stream Designer, are key advancements to overcoming these challenges and make it easier to develop data pipelines for existing teams and the next generation of developers.”

Stream Designer: The First Visual Interface for Rapidly Building Streaming Data Pipelines Natively on Kafka

“Data streaming is quickly becoming the central nervous system of our infrastructure as it powers real-time customer experiences across our 12 countries of operations,” said Enes Hoxha, Enterprise Architect, Raiffeisen Bank International. “Stream Designer’s low-code, visual interface will enable more developers, across our entire organization, to leverage data in motion. With a unified, end-to-end view of our streaming data pipelines, it will improve our developer productivity by making real-time applications, pipeline development, and troubleshooting much easier.” 

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