Juniper Research announces 2023 winners of the Future Digital Awards for Telco Innovation

KUALA LUMPUR, Jan 25 (Bernama) -- Juniper Research has announced the 2023 winners of the Future Digital Awards for Telco Innovation.

In a statement, it said these awards recognise the most innovative and disruptive telecommunications solutions operating across numerous areas, including Communications Platform-as-a-Service (CPaaS), mobile security, 5G and roaming.

The Judges' Choice named winner for Excellence in Telco Innovation was Skymax Networks, while Mover & Shaker in Telco Innovation, winner was Ehsan Ahmadi, CEO & Founder of VOX Solutions.

Under Enterprise Telco Innovation, among the winners are CPaaS Provider of the Year: Vonage Communications APIs – Platinum Winner; Best Carrier Billing Solution: DV PASS by Digital Virgo – Platinum Winner; and Best RCS Initiative: Infobip RCS Business Messaging – Platinum Winner.

Also included under Enterprise Telco Innovation are Best Steering of Roaming Solution: Mobileum's Steering of Roaming (SoR) – Platinum Winner; and, Best Mobile Video Solution: Huawei and China Unicom - Mobile 3D Video Solution – Platinum Winner.

Meanwhile, Operator & Network Innovation winners include Best Digital Transformation Project in Telco: Data Services Inventory Matching and Automated Settlement by Deutsche Telekom – Platinum Winner; Best 5G Roaming Service Provider: TNS Roaming Hub – Platinum Winner; and, Network Virtualisation Innovation of the Year: Console Connect – Platinum Winner.

Additional winners in Operator & Network Innovation are Best Operator 5G Solution: NTT Docomo's EaaS (Edge as a Service) Solution in Partnership with VMWare – Platinum Winner; and, Best Cellular IoT Initiative: emnify – Platinum Winner, to name a few.

For Security & Fraud Innovation, among the winners are Most Innovative Anti-SMS Fraud Solution: Mobileum SMS Firewall – Platinum Winner; Best Financial Clearing Solution: Financial Clearing & Settlement by TOMIA – Platinum Winner; and, Best Mobile Authentication Solution: Methics - Kiuru MSSP – Platinum Winner.

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

-- BERNAMA

Financial crime prevention software spend exceeds US$28 billion by 2027 - Juniper Research

KUALA LUMPUR, Jan 17 (Bernama) -- Global software spend on financial crime prevention tools will exceed US$28.7 billion by 2027, based on a new study by Juniper Research. (US$1=RM4.319)

In a statement, Juniper Research said the growth of 30 per cent, an increase from US$22.1 billion in 2023 will be driven by cybercriminals’ strategies of targeting the ever-growing transaction volume of payments over digital channels to maximise financial gain.

“Financial crime prevention software enables financial institutions and merchants to automate fraud detection monitoring, Know Your Customer (KYC) and Know Your Business (KYB) procedures, as well as behavioural analytics to mitigate risk of financial crime,” it said.

The research assessed leading financial crime prevention software platforms and evaluated them on a number of criteria, including depth and breadth of offerings, service innovation and future prospects; thus providing extensive analysis of the competitive landscape in this dynamic market.

The top three vendors according to its Competitor Leaderboard are FICO, LexisNexis Risk Solutions and Verafin.

FICO demonstrates a broad set of capabilities, access to high-value data for crime mitigation and impressive artificial intelligence (AI)-based analytical systems within its product portfolio.

“Competing vendors must prioritise frequent platform updates to keep pace with rapid cybercriminal innovations and maximise their market share,” said its research co-author Mélissa Amouny.

By 2027, the research predicted that fraud detection and KYC systems will account for 88 per cent of global financial crime prevention spend, enabling financial institutions to improve the mitigation of many common crime types, including account takeovers.

The report urged financial crime prevention tool vendors to use AI for intelligent verification system orchestration, enabling enterprises to adapt to increasingly complex cyberattacks, choosing the right verification capability for each scenario.

-- BERNAMA

ELO PARTNERS WITH FREEDOMPAY TO TRANSFORM THE DIGITAL IN-STORE EXPERIENCE

PHILADELPHIA, Jan 17 (Bernama-GLOBE NEWSWIRE) -- FreedomPay, the global leader in Next Level Commerce™, and Elo, a leading global provider of interactive solutions and interactive display solutions, announce the integration of Elo’s M60 Pay handheld computer with FreedomPay’s secure commerce technology.

Built to accept today’s popular payment and loyalty cards, the M60 Pay has a built-in EMV, magnetic stripe reader and NFC for cards with either chips or strips and digital contactless payments. The Android®-based M60 Pay computer can transform from a mobile to a fixed POS solution with the optional docking station, expansion module and Elo touchscreen monitor.

Together, FreedomPay and Elo are reinventing the digital in-store experience by uniting Elo’s innovative and interactive solutions with FreedomPay’s industry-leading commerce technology platform to create a secure, frictionless, unified shopping experience for global consumers while supporting merchants with robust loyalty and data analytics capabilities.

“The M60 Pay makes decentralizing the checkout process and taking payments anywhere easy,” said Craig Witsoe, CEO at Elo. “The partnership with FreedomPay will bring enhanced functionality and security to create a more personalized experience for consumers.”

FreedomPay’s Next Level Commerce™ platform offers many benefits to merchants and their customers, including:

• The ability to unify commerce across properties, channels, and regions within a single open, fully agnostic, flexible platform;
• A touchless ecosystem that supports contactless payments, QR technology, Apple Pay, and Google Pay; and
• A fully integrated end-to-end solution enabling secure payments, identity-as-a-service, loyalty, and business intelligence.

“Consumers are looking continually for new payment functionality and greater customization when it comes to payments. The partnership with Elo will give customers secure and seamless checkout experience expected with FreedomPay coupled with the innovative and modular designed solutions from Elo,” said Tom Durovsik, Founder & CEO of FreedomPay.

To learn more about the solution, visit FreedomPay at NRF booth #4250 or Elo at NRF booth #5803 to request a demo.

About FreedomPay
FreedomPay’s Next Level Commerce™ platform transforms existing payment systems and processes from legacy to leading edge. As the premier choice for many of the largest companies across the globe in retail, hospitality, lodging, gaming, sports and entertainment, foodservice, education, healthcare and financial services, FreedomPay's technology has been purposely built to deliver rock-solid performance in the highly complex environment of global commerce. The company maintains a world-class security environment and was first to earn the coveted validation by the PCI Security Standards Council against Point-to-Point Encryption (P2PE/EMV) standard in North America. FreedomPay's robust solutions across payments, security, identity, and data analytics are available in-store, online and on-mobile and are supported by rapid API adoption. The award-winning FreedomPay Commerce Platform operates on a single, unified technology stack across multiple continents allowing enterprises to deliver an innovative Next Level experience on a global scale. www.freedompay.com

About Elo
As a leading global supplier of interactive solutions, #EloIsEverywhere. To date, Elo has deployed more than 25 million installations in over 80 countries. A new Elo touchscreen is installed every 21 seconds, on average, somewhere in the world. Built on a unified architecture, Elo’s broad portfolio allows its customers to easily Choose, Configure and Connect & Control to create a unique experience. Choose from all-in-one systems, open-frame monitors and touchscreen monitors ranging from 7 to 65 inches. Configure with Elo’s unique Elo Edge Connect® peripherals that allow use-specific solutions. Connect & Control with EloView®, a secure, cloud-based platform for Android-powered devices. EloView enables secure deployment and management of a large network of interactive systems designed to reduce operating costs while increasing up-time and security.

Consumers can find Elo touchscreen solutions in self-service kiosks, point-of-sale terminals, interactive signage, gaming machines, hospitality systems, point-of-care displays and transportation applications, to name a few. Learn more at EloTouch.com. 

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Cloudflare Digital Experience Monitoring to maximise employee collaboration, productivity

KUALA LUMPUR, Jan 10 (Bernama) -- Cloudflare Inc, the security, performance, and reliability company helping to build a better Internet, has unveilled Cloudflare Digital Experience Monitoring, an all-in-one dashboard that helps chief information officers (CIOs) understand how critical applications and Internet services are performing across their entire corporate network.

Part of Cloudflare’s Zero Trust platform, the new solution will provide information technology (IT) leaders with predictive, historical, and real time intelligence around application outages, network issues and performance slow-downs to keep employees productive wherever they are working.

“Our global network powers a huge part of the Internet, giving Cloudflare a unique view of what is happening online and allows us to identify trends before our customers do, and now we are sharing these insights with customers.

“Think of Cloudflare Digital Experience Monitoring as the air traffic control of the modern corporate network, keeping data moving, applications running smoothly and employees safe,” said Cloudflare chief executive officer and co-founder, Matthew Prince in a statement.

Cloudflare is empowering IT teams, equipping them with the intelligence and insights captured by its global network to collect, detect, and surface issues before businesses even know something is wrong. 

Cloudflare Digital Experience Monitoring will provide businesses with a single dashboard to measure and analyse mission critical applications and services like Microsoft 365 or connectivity issues with local Internet service providers.

It will also be able to help organisations define and monitor the most critical network resources; understand the minute-by-minute experiences of their users; and save IT leaders countless hours in investigations, among others.

-- BERNAMA

AM Best affirms Malaysian Reinsurance’s credit ratings

KUALA LUMPUR, Jan 9 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Malaysian Reinsurance Bhd (Malaysian Re).

In a statement, AM Best said the credit ratings, which have a stable outlook, reflected Malaysian Re’s balance sheet strength, which was assessed as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.

Malaysian Re’s balance sheet strength is underpinned by its risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio, which is expected to remain at the strongest level over the medium term.

The credit rating agency viewed the company’s investment portfolio to be generally conservative, whereby the majority of investments are allocated to term deposits, government bonds and good quality corporate bonds.

Additionally, the company benefits from good financial flexibility as demonstrated by its recent subordinated debt issuances in 2022, and historical capital support from MNRB Holdings Bhd.

“The company’s operating performance is assessed as adequate, as evidenced by a five-year average return-on-equity ratio of 5.6 per cent between financial years 2018 and 2022.

“Malaysian Re’s underwriting performance was negatively impacted in the financial year ending March 31, 2022, mainly by its exposure to Malaysian and European floods, as well as other large losses in 2021,” it added.

While the company’s investment income declined in financial year 2022 as a result of lower interest income and unrealised losses on equity investments including unit trusts, it remains a positive contributor to overall earnings.

Malaysian Re is the largest non-life reinsurer in Malaysia, with a dominant domestic market share, benefitting from a regulatory domestic cession arrangement, which provides it with access to a steady stream of profitable domestic business.

Future product and distribution channel diversification is expected to be supported by strategic expansion into non-traditional products and specialty lines, as part of the company's ongoing business remodelling programme.

-- BERNAMA

RIMKUS ANNOUNCES CHIEF EXECUTIVE OFFICER TRANSITION PLANS

Global firm announces leadership update as it reaches 40^th anniversary milestone in 2023

HOUSTON, Jan 10 (Bernama-BUSINESS WIRE) -- Rimkus, a worldwide provider of engineering and technical consulting services, today announced strategic updates to the company’s senior leadership team. After more than 25 years at Rimkus, Robert “Bob” Kocher has retired as President and Chief Executive Officer and assumed a new role as Vice Chair on the Board of Directors. Succeeding Kocher as President and Chief Executive Officer is Jonathan E. Higgins, who previously served as Chief Operating Officer.

This press release features multimedia. View the full release here: 
https://www.businesswire.com/news/home/20230109005050/en/

 

“We are incredibly grateful to Bob for his 25+ years of service to our company, and his vision and leadership these past five years as President and CEO – guiding our business and people through a global pandemic, completing 15 acquisitions, and evolving our service offering into an integrated solution for our clients,” said Curtis Brown, Chairman and Executive Director, Rimkus. “As we approach our 40^th anniversary, it’s an exciting time to welcome new leadership. We have full confidence that Jon will drive our business forward during this next chapter. He is a proven operating executive and a strong champion of our workplace culture.”

Higgins is a graduate of the University of Arizona with a Bachelor of Science degree in Civil Engineering, with an emphasis in structural engineering. Following university, he was commissioned in the U.S. Navy where he served as a Civil Engineering Corps officer. Today, Jon has over 27 years of engineering and leadership experience, drawing on the foundation and core values developed during his military service. He will play a pivotal role in executing the global firm’s strategic plan and solidifying Rimkus’ market position in forensic consulting, dispute resolution and construction management services, solutions for the built environment, and life sciences support for the consumer, industrial, and healthcare industries.

“I’m grateful to Curtis, Bob, and the Board for their confidence and support as I assume this new role,” said Jonathan Higgins, President and Chief Executive Officer, Rimkus. “Having worked at Rimkus for more than 20 years, I am passionate about our people’s success, our commitment to help solve our clients’ most complex problems, and our vision to be a global one-stop resource for our partners. It’s an exciting time in our industry, and Rimkus’ depth and breadth of experience put us in great position to be very successful.”

About Rimkus

Rimkus is a worldwide provider of engineering and technical consulting to corporations, insurance companies, law firms, and government agencies. Rimkus experts specialize in forensic consulting, dispute resolution and construction management services, solutions for the built environment, and human factors support for the consumer, industrial, and healthcare industries. For almost 40 years, the company’s professional engineers, architects, scientists, and technical specialists have been recognized for their commitment to service excellence by local, national, and international business communities. Rimkus operates more than 110 offices worldwide. For more information, visit http://www.rimkus.com. 

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TAIWAN'S NEXT BANK GOES LIVE ON TEMENOS CORE BANKING PLATFORM

KUALA LUMPUR, Jan 5 (Bernama) -- Temenos, world’s leading open platform for composable banking has announced that Next Commercial Bank (Next Bank), a new digital bank backed by Chunghwa Telecom, Taiwan’s largest telecom operator, was launched on Temenos core banking platform, opening to customers during 2022.

One of the first digital banks in Taiwan to receive a virtual banking licence from the island’s Financial Supervisory Commission, Next Bank makes financial management simple with innovative thinking, design aesthetics and friendly experiences.

“Temenos open platform will empower Next Bank to continue to thrive in the world of instant, always-on services, breaking boundaries to deliver the future of banking today.

“We are proud to partner with them on this exciting journey to power new growth opportunities and deliver the ultimate customer experience,” said its managing director for Asia Pacific, Craig Bennett in a statement.

Meanwhile, Next Bank chief information officer, Eric Lee said: “With Temenos, we were able to efficiently build the bank with innovative features that will help customers take charge of their finances and enable us to scale our business and accelerate growth in the future.”

Currently, the digital bank offers deposits, cards, loans and an innovative points programme giving customers cashback on purchases, all accessible via a mobile app.

Customers can open an account in just three minutes and choose their bank account number, creating a unique and personalised experience.

Over time, the bank plans to introduce foreign-exchange services, including remittance services for migrant workers and wealth management tools. It aims to rapidly expand to nearly 300,000 customers within nine months of its opening.

Temenos serves over 3,000 banks from the largest to challengers and community banks in more than 150 countries by helping them build new banking services and state-of-the-art customer experiences.

-- BERNAMA

Zohar Tadmor-Eilat Joins Cellebrite as Chief People Officer

Veteran HR professional brings over 20 years of experience leading business-driven teams

PETAH TIKVA, Israel and TYSONS CORNER, Va., Jan 3 (GLOBE NEWSWIRE) -- Cellebrite DI Ltd. (Nasdaq: CLBT), a global leader in Digital Intelligence (DI) solutions for the public and private sectors (“Cellebrite” or “Company”), today announced that Zohar Tadmor-Eilat has been named Chief People Officer (CPO), effective February 1, 2023.

Zohar will report to Yossi Carmil, Chief Executive Officer of Cellebrite, and will be a member of the Company’s executive management team. She succeeds Osnat Tirosh, who is leaving Cellebrite after ten years to pursue other career and professional growth opportunities.

As CPO, Zohar will be responsible for leading Cellebrite’s human resources (HR) and people functions, including executive recruitment, talent management, organizational and leadership development. She brings over 20 years of experience as a senior HR leader and expertise in all HR and People & Culture domains.

Zohar Tadmor-Eilat said, “I am excited to join and support Cellebrite’s innovative team and look forward to continuing to foster a culture that helps everyone at Cellebrite learn, grow and thrive, as the company delivers on its purpose-driven mission of creating a safer world. Our people are our most valuable asset, and I look forward to empowering our team to unlock their full potential.”

Prior to joining Cellebrite, Zohar served as the Global Vice President of Human Resources at CyberArk, an identity security company. Earlier in her career, Zohar served as the Global Vice President of Human Resources at BitTech, a provider of bespoke technology solutions and services; the General Manager of HRISRAEL, a professional community for HR professionals; and as Vice President of Human Resources at Cal-Auto Group. Zohar received her B.A. from the Hebrew University of Jerusalem and earned an M.A. in Labor Studies - Organizational Consulting and Human Resources Management from Tel Aviv University.

“Maintaining an engaged, ethical and innovative culture is critical to Cellebrite’s ability to attract and retain the best talent,” said Yossi Carmil, Chief Executive Officer of Cellebrite. “I am pleased to welcome Zohar to Cellebrite and am confident that under her seasoned leadership, our People function will continue to provide our team with the support and tools they need to unlock their full potential. I also want to thank Osnat for her substantial contributions and commitment to Cellebrite over the past decade, as she helped to grow and scale our organization from a start-up to an industry-leading global corporation,” Carmil concluded.

About Cellebrite

Cellebrite’s (Nasdaq: CLBT) mission is to enable its customers to protect and save lives, accelerate justice, and preserve privacy in communities around the world. We are a global leader in Digital Intelligence solutions for the public and private sectors, empowering organizations in mastering the complexities of legally sanctioned digital investigations by streamlining intelligence processes. Trusted by thousands of leading agencies and companies worldwide, Cellebrite’s Digital Intelligence platform and solutions transform how customers collect, review, analyze and manage data in legally sanctioned investigations. To learn more visit us at www.cellebrite.com, https://investors.cellebrite.com, or follow us on Twitter at @Cellebrite.

Cellebrite Contacts

Media
Victor Cooper
Public Relations and Corporate Communications Director
Victor.cooper@cellebrite.com
+1 404.804.5910

Investors
Investor Relations
investors@cellebrite.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e39b2e65-a59c-4206-be9f-ec33e6df7837

SOURCE: Cellebrite Inc.

 

Executive aviation industry going through biggest transition: Jetex

KUALA LUMPUR, Dec 30 (Bernama) -- The executive aviation industry is going through its biggest-ever transition with businesses and ultra-high-net-worth (UHNW) travellers developing a greater awareness of the huge time and convenience benefits it offers, said executive aviation services provider, Jetex.

Its founder and chief executive officer Adel Mardini said the industry has shown its ability to adapt and remain connected to its customers, spurring their desire to travel and discover within an environment of luxury and supreme service.

In the company’s 2022 annual review, Mardini said data from aviation data research firm, Wingx, revealed that 2021 saw 3.3 million private flights globally, the most on record, and the industry is set to grow by 10 per cent in the post-pandemic period.

“A much larger number of ultra-premium passengers continue to fly private rather than returning to first or business class. There has also been an increase in first-time private flyers for both business and family travel.

“As a result, sales demand for both new and pre-owned jets has climbed to record levels and is expected to continue, with 8,400-8,500 new business jet deliveries between 2022 and 2031 at an estimated value of US$264-US$274 billion (US$1=RM4.415),” he said.

Mardini said demand for private air travel is expected to grow further year-on-year (y-o-y), and Jetex is thrilled to be part of the growth.

“With more flexibility, time efficiency, and a larger possible reach, the demand for private air travel is expected to grow further y-o-y and Jetex is thrilled to be part of this ongoing success story,” he said.

Jetex is recognised for delivering flexible, best-in-class trip support solutions to customers worldwide, and its services include private terminals, aircraft fueling, ground handling and global trip planning.

The Jetex 2002 review on the executive aviation industry can be accessed here.

-- BERNAMA