Seaborn, Infinera to launch submarine network services connecting US, Brazil

KUALA LUMPUR, Oct 21 -- Seaborn Networks (Seaborn), a leading developer-owner-operator of submarine fibre optic cable systems, and Infinera have announced the launch of new submarine network services on Seaborn’s AMX-1 submarine network segment connecting the United States (US) and Brazil.

Powered by Infinera’s XT Series submarine network platforms, featuring Infinera’s Infinite Capacity Engine technology, Seaborn’s new network boasts modernised architecture and industry-leading spectral efficiency.

This enables the company to optically bypass cable landing stations and reduce network costs, according to a statement.

Seaborn Engineering & Operations Vice-President, Paul Cannon said: “Our longstanding relationship with Infinera and this collaboration have enabled us to cost-efficiently address our customers’ growing capacity demands with reliable, low-latency solutions purpose-built for subsea transport.”

To address global bandwidth needs across the Americas, Seaborn operates two leading cable systems, Seabras-1 and AMX-1, both powered by Infinera solutions.

Seaborn’s AMX-1 cable system provides transport, Ethernet private line, and IP services on a geographically diverse path from its Seabras-1 cable, connecting Rio de Janeiro and Jacksonville, Florida, to offer its customers high-capacity, low-latency connectivity services.

More details at www.seabornnetworks.com.

-- BERNAMA

ENJOY LIVE STREAMING AT HOME WITH LIGHTING SYNCED WITH LIVE PERFORMANCE BY USING "HOME SYNC LIGHT" DEVICE JOINTLY DEVELOPED BY RHIZOMATIKS AND EVIXAR

 

TOKYO, Oct 22 (Bernama) --  Rhizomatiks Co., Ltd. and Evixar Inc., both based in Tokyo, have jointly developed the "Home Sync Light" device for enjoying live streaming at home with lights synchronized with live performance. The two companies tested the device during the special performance at "P.O.P (Perfume Online Present) Festival" held on Monday, September 21 (a public holiday).   Logo1: https://kyodonewsprwire.jp/prwfile/release/M100832/202010165833/_prw_PI1fl_Sy0w64fj.jpg Logo2: https://kyodonewsprwire.jp/prwfile/release/M100832/202010165833/_prw_PI2fl_6UD7ckXR.jpg Images: https://kyodonewsprwire.jp/release/202010165833?p=images - Home Sync Light The Home Sync Light device emits light to enhance the pleasure of live streaming experience at home by synchronizing with streamed sounds at high precision. The light from the LED in sync with live video productions, lighting, lasers, etc. spreads throughout the room, making the viewing experience of live streaming more immersive. Conventionally, wireless-based wearable LED devices have been used in live entertainment production. Although more people are currently watching live performances with streaming at home due to the COVID-19 pandemic that restricts live events with a large crowd, having those LED devices synced up with live performance for home use puts a considerable burden on users and restricts a viewing environment. It usually needs device configuration and app installment on smartphones for syncing, or a specific web page to watch the streaming. Home Sync Light makes use of acoustic communication "Another Track (R)" developed by Evixar to sync through sound on the device alone. Users just need to turn on their device and put it where they can hear the streaming sound for the LED to automatically start flashing in sync with the music. In addition, synchronization takes only about one second even if the user starts watching the streaming from halfway through. Furthermore, the streaming platform is not restricted since no dedicated smartphone apps or special web pages are required for device communication. Acoustic communication allows users to enjoy exactly the same light as at the venue even on live streaming when the actual live performance is carried out simultaneously with online streaming after the pandemic, providing an enhanced sense of unity. Although this device was designed with LED strips wrapping around a cylindrical body, it can be enjoyed in many different ways at home by, for example, standing the device as it is as a light stand or stretching it out and arranging it around the monitor. It can also be created with an original body in a completely new design without having to change the internal circuit configuration.  http://mrem.bernama.com/viewsm.php?idm=38477

Jumio launches video verification solution for financial institutions, regulated businesses

KUALA LUMPUR, Oct 22 -- Jumio, the leading provider of AI-powered end-to-end identity verification and eKYC solutions, has launched a new video-based verification solution for financial institutions and other regulated businesses.

This solution is designed for banks, fintechs, cryptocurrency exchanges, digital wallets and other regulated businesses looking to pivot from branch-based onboarding to an omnichannel strategy in the wake of the COVID-19 pandemic.

With Jumio Video Verification, financial institutions can safely and securely onboard remote customers online with two-way video-based verification while ensuring KYC/AML compliance through an audit trail and qualified preservation of all recorded interviews.

Jumio chief revenue officer, Dean Hickman-Smith said: “With video-based KYC, businesses can reduce their cost of operations by as much as 90 per cent by eliminating field agent travel, reducing paper costs and streamlining the recording, transmitting and archiving processes.”

According to a statement, Jumio offers three modes of Video Verification, namely Assisted, Unassisted and Platform Only.

For Assisted mode, customers are identified through video assistance technology with dedicated or shared agents that interact in real-time via browser or mobile, while Unassisted mode allows customers to independently capture a video of their identity documents, take a selfie and perform a liveness test without an online agent.

In addition, with Platform Only mode, customers are identified and verified through video assistance technology staffed by their own agents.

More details at www.jumio.com.

-- BERNAMA

Petrolimex Insurance Corporation outlooks revised to positive - AM Best

KUALA LUMPUR, Oct 16 -- AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of ‘bbb-’ of Petrolimex Insurance Corporation (PJICO) Vietnam.

These Credit Ratings reflect PJICO’s balance sheet strength, which AM Best categorises as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.

According to a statement, the revised outlooks reflect improvement in the company’s balance sheet strength fundamentals over recent years.

Prospectively, AM Best expects the company’s risk-adjusted capitalisation to remain at the strongest level, as measured by Best’s Capital Adequacy Ratio.

In addition, capital adequacy is expected to exhibit reduced volatility over the medium term as a result of growth in the absolute size of the company’s capital base, underpinned by robust retained earnings.

PJICO’s balance sheet strength assessment also factors in the company’s generally conservative investment strategy with approximately 75 per cent of investments held in cash and term deposits.

AM Best assesses the company’s operating performance as adequate. PJICO reported a five-year average combined ratio of 98.6 per cent and return-on-equity ratio of 11.1 per cent (2015-2019).

 The global credit rating agency views PJICO’s business profile as neutral. In 2019, the company ranked as the fifth largest non-life insurer in Vietnam with a market share of approximately six per cent, based on gross premiums written.

-- BERNAMA

Jumio creates history, recording largest sales quarter

KUALA LUMPUR, Oct 15 -- Jumio, the leading provider of AI-powered end-to-end identity verification and eKYC solutions, has announced the largest sales quarter in the company’s history, ending Sept 30.

Jumio Chief Executive Officer, Robert Prigge said the company’s monumental growth was testament to its mission to make the Internet a safer place by protecting the ecosystems of businesses via cutting-edge online identity verification, KYC and AML monitoring services.

According to a statement, Jumio also set an all-time record for verification transactions processed due to accelerated digital transformation efforts by key customers in the banking, financial services, healthcare and education sectors.

In addition to record sales and record volumes, the company also acquired the AML platform from Beam Solutions, a San Francisco-based startup focused on transaction monitoring, case management and AML screening.

Beam’s suite of AML solutions will further strengthen Jumio’s position in the anti-financial crime marketplace and provide organisations in regulated industries a complete end-to-end compliance platform.

Other notable achievements in the third quarter include the launch of KYX Platform, addition of a significant number of key channel partners; recognition in the latest Gartner ‘Market Guide for Identity Proofing and Attribution’; and signing a number of marquee accounts.

More details at www.jumio.com.

-- BERNAMA

South Korea’s Construction Guarantee Cooperative has stable ratings outlook - AM Best

KUALA LUMPUR, Oct 8 -- AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of ‘aa-’ of Construction Guarantee Cooperative (CG) South Korea. 

In a statement, the global credit rating agency which specialises in insurance industry said the outlook of these ratings was stable.

These ratings reflect CG’s balance sheet strength, which AM Best described as strongest, as well as its strong operating performance, favourable business profile and appropriate enterprise risk management.

CG’s risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio, is at the strongest level, underpinned by the company’s large absolute capital base and extremely low net underwriting leverage.

The company’s highly conservative investment strategy, which prioritises liquidity to secure funds for surety claims and also provide loans to its members, helps maintain stability on its robust risk-adjusted capital position.

CG’s surety segment performance has not been impacted significantly by COVID-19-related losses during the 2020-first half, due to stable and increasing levels of new construction in the public sector and a continuously favourable private housing market in South Korea.

AM Best notes that over 70 per cent of the projects underwritten are from the public sector and involve central and local governments.

More details on the ratings at www.ambest.com

-- BERNAMA

Nippon Express Mexico completes Guanajuato-Apaseo Logistics Center construction

KUALA LUMPUR, Oct 2 -- Nippon Express de Mexico S.A. de C.V. (NE Mexico), a local subsidiary of Nippon Express Co Ltd based in Tokyo, has completed the Guanajuato-Apaseo Logistics Center construction.

The centre is located within the Colinas de Apaseo Industrial Park in the Mexican state of Guanajuato, and begins operations on Oct 5.

According to a statement, the centre was designed in-house from the drawing board based on NE Mexico's accumulated know-how in automotive-related logistics and then constructed to accommodate such logistics, enabling it to provide high value-added services coupled to customers' production plans.

Consolidating the existing locations at Queretaro and Salamanca, the centre should also bring about greater operational efficiency.

NE Mexico has established the centre to enhance its nationwide logistics services and especially the services provided to the automotive industry, positioned as a priority industry in the Nippon Express Group's Medium-term Management Plan.

More details at http://www.nipponexpress.com/ 

-- BERNAMA