KUALA LUMPUR, Sept 26 (Bernama) -- Qubercomm Technologies has partnered with Energous Corporation to launch a new asset tracking solution, Locatum with wireless charging capability that is enabled with WattUp.
Qubercomm’s chief technology officer, Senthil Kumar Balasubramanian in a statement said the company’s expertise and IP enabled them to address the challenges of accuracy, latency and manageability to make Locatum the preferred choice for customers. Locatum represents an innovative approach to asset tracking in decoding the received beacons with Qubercomm’s patent-pending positioning methods to deliver accurate position with near zero latency. Its cloud portal provides device and tag management, and a detailed analytics platform to make real sense of the data. The Locatum tags leverage WattUp RF charging technology from Energous Corporation, thus reducing the overhead to replace batteries. The tags also support easy drop-and-charge, orientation-free charging of up to 20 units on a single charging pad, while monitoring battery levels of individual tags and managing the distribution of power across devices. Qubercomm Technologies is the leading solution provider for asset tracking solutions in healthcare, hospitality, retail and warehouse applications. More details at www.qubercomm.com. --BERNAMA
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KUALA LUMPUR, Sept 20 (Bernama) -- First Data has signed an agreement with Huifu Payment Ltd to offer a market-leading global e-commerce solution in China.
The collaboration will bring about the integration of Huifu’s technology platform with First Data’s payment gateway. The technology delivers an integrated processing solution which allows international merchants to seamlessly enable multicurrency transactions from a single platform on a real-time basis across markets. “Huifu provides First Data the ability to route transactions and settle domestically in China, offering a seamless e-commerce solution to the global merchant base of the largest acquirer in the world,” said Huifu board chairman, executive director and chief executive officer, Ye Zhou, in a statement. The solution integrates local Chinese language and local payment methods including China UnionPay, Alipay and Wechatpay into merchants’ websites. “Making consumers’ shopping experiences as seamless as possible and offering familiar local payment methods is key to reducing shopping cart abandonment and driving successful cross-border commerce,” said First Data executive vice president and head of Asia-Pacific, Ivo Distelbrink. “As we continue to expand across the Asia-Pacific region, we will extend coverage to new markets and collaborate with carefully selected partners to deliver the solutions that meet our clients’ ever-changing needs,” he added. First Data, a global leader in commerce-enabling technology, serves 6,000,000 business locations and 4,000 financial institutions in more than 100 countries around the world. For more information, visit www.firstdata.com -- BERNAMA OTTAWA, Sept 20 (Bernama-GLOBE NEWSWIRE) -- Grafoid Inc. (“GRAFOID”) is pleased announce the strategic partnership with Liquinex, a company specializing in waste water engineering needs, to provide commercial scale water treatment solutions using Grafoid’s innovative MESOGRAF™ graphene based filtration technology.
The increasing demand for clean drinking water, rising scarcity of water resources, rapid industrialization, and increasing construction activities represent real-world factors that necessitate the need for scalable water treatment solutions around the globe. Compounded by other factors, such as the increased support from government regarding treatment and proper disposal of water, the global market for water treatment solutions is expected to grow at an annual compounded growth rate of 7.4% from 2017 to 20271. GPURE’s Graphene based filtration products are readily scalable to meet these commercial demands making them ideal for industrial level, niche applications such as the concentration of beverages, treatment of crude oil/water mixtures, biofuel and industrial wastewater treatments where reverse osmosis (RO) is not suitable due to the fouling tendencies when concentrated liquids are purged through RO cartridges. Conventional filtering materials (e.g. activated carbon, zeolites, flocculants etc.,) have certain limitations of pH-sensitivity, poor efficiency and recoverability to treat a mixture of wide variety of contaminants present in the wastewater. In contrast, MESOGRAF™ graphene, being a 2D-material with high surface-area and functional-group tunability, exhibits outstanding adsorption and recyclability capabilities for a wide variety of contaminants. mrem.bernama.com/viewsm.php?idm=32735 KUALA LUMPUR, Sept 24 (Bernama) -- Rocket Software announced through a statement today the addition of Paul Lin to the company’s senior sales leadership team, today.
An accomplished business leader with more than 20 years of professional experience, he will oversee the company’s reseller and sales operations in Southeast Asia. It is the latest move in Rocket’s strategic expansion into the Asia-Pacific (APAC) region where the company has already struck major deals with financial institutions such as CIMB Bank, Erste Group Bank, Westpac Banking Group and PT Bank Central Asia Tbk. “With his broad cultural knowledge and proven experience in managing channels and strategic alliances, Paul is helping us forge new and important connections. I look forward to working with him and the rest of the APAC team to accelerate business growth in this crucial region,” said Chip Salyards, Rocket international sales vice president. “I am excited to be a part of Rocket’s fast-growing APAC team. Every day, companies and governments around the world use Rocket solutions to reliably, efficiently and securely power the IT infrastructure behind many of the world’s most critical financial, healthcare, retail and manufacturing applications. There is a large and growing need in the APAC market for these kinds of technologies,” said Lin, who is fluent in English and Chinese. Rocket is currently working on a broad range of initiatives in APAC, including projects to leverage technology to better connect citizens with government and to help banks deliver more personalised services for their customers. For more information, visit www.rocketsoftware.com. --BERNAMA KUALA LUMPUR, Sept 20 (Bernama) – Sharjah, the United Arab Emirates (UAE) third largest emirate, has announced the launch of the Investors Services Centre.
Its investment and development authority, Shurooq, has partnered with Injazat Services to develop the high-end facility which will offer an exhaustive list of fully-integrated business consultancy services which will benefit new players in the UAE. Through the centre, investors will be directly connected to the emirate’s regulatory entities and will be able to access all departments responsible for issuing commercial licenses and conduct other official dealings required to set up a business in the emirate. Sharjah’s economy has been diversifying rapidly with steep growth experienced by non-oil sectors like tourism, healthcare, transport and logistics, light manufacturing, publishing and others. Foreign direct investments into the emirate’s economy grew to US$1.63 billion (1US$ = RM4.13) last year. -- BERNAMA AI Grid Foundation collaborates in removing barriers for safe and secure electricity services24/9/2018 KUALA LUMPUR, Sept 18 (Bernama) -- The AI Grid Foundation has collaborated with organisations and communities globally to develop the ELONCITY Model -- a community-based and consensus-driven approach -- that employs decentralised renewable energy resources to remove barriers to universal, safe, secure, reliable, affordable, healthy and equitable electricity services.
The AI Grid Foundation -- a non-profit organisation based in Singapore -- is collaborating with global partners to demonstrate the ELONCITY Model in remote areas, where electricity services are either highly unreliable or non-existent. It will also expedite its collaboration with global technology partners, local utility companies, governmental agencies and community-based organisations in North America, Southeast Asia and Africa to demonstrate the ELONCITY Model’s sustainable and affordable energy services, through the fortification of local centralised power grids, a statement said. Founder of the AI Grid Foundation, Andy Li aimed to change the fundamental power infrastructure, promote the innovation of decentralised renewable energy technologies and address the fundamental inefficiencies of the existing centralised energy infrastructure. Currently, the foundation has secured $20 Million in investments from global institutions and private investors whereby the ELONCITY investors focus on the long-term goals of improving community's lives around the world. These investors are ardent supporters of the AI Grid Foundation’s mission to promote the ELONCITY Model and enable universal access to safe, reliable, affordable, sustainable and equitable energy services for all. The rapid growth of the earth's population and the industrialisation of developing countries are driving global energy demands to unprecedented levels. The world’s energy dependence on fossil fuels pose significant risks to the environment and led to detrimental of climate changes. Therefore, new approaches to energy production and distribution are needed to support vibrant and sustainable global growth. In the ELONCITY ecosystem, the energy consumers play a critical role in the planning and implementation of their energy future. The blockchain smart contract platform and crypto utility token enable energy consumers to exchange locally produced energy, creating cost-benefit incentives for energy asset deployment within their communities. When energy consumers in a community collaborate with each other to exchange energy, it enables them to equitably allocate the costs-benefits of shared energy equipment to create community-wide access to safe, secure, reliable and cost-effective, local energy supplies. This is also maximise utilisation rates of the shared energy equipment and accelerate equipment purchasers’ return-on-investment (ROI). The result is a community-based renewable microgrid (CRM) that can operate in grid-connected or stand-alone mode to support local economic growth, by providing universal access to reliable and affordable electricity. -- BERNAMA HONG KONG, Sept 24 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa-” of Construction Guarantee Cooperative (CG) (South Korea). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect CG’s balance sheet strength, which A.M. Best categorizes as strongest, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management (ERM). CG’s balance sheet strength is underpinned by its risk-adjusted capitalization at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR). Its robust capitalization is supported by a large capital base and low underwriting leverage. CG has maintained a highly profitable operating performance over the past five years. Underwriting performance improved in 2016 and 2017 through the company’s efforts to improve claims management and tighten its underwriting process. Investment income, which mostly consists of interest income, brings a stable profit stream to the company while underwriting performance remains volatile because of the nature of the surety business. CG is a cooperative organization specializing in writing surety bonds for its members, which are general construction companies in South Korea. As a government-designated provider of surety bonds for general construction companies, CG has maintained a dominant market share in South Korea over the long term. In addition, CG is under the supervision and control of South Korea’s Ministry of Land, Infrastructure and Transport and executes government policies that support the construction industry. CG’s risk management capabilities are considered appropriate given its risk profile. CG has implemented a comprehensive ERM structure to effectively manage its key risk areas, including a sophisticated credit assessment and monitoring process of its members. Negative rating actions could occur if CG's risk-adjusted capitalization materially deteriorates due to significant accumulation of claims caused by a prolonged recession in the construction industry. Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication. This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases. A.M. Best is a global rating agency and information provider with a unique focus on the insurance industry. Visit www.ambest.com for more information. Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on businesswire.com: https://www.businesswire.com/news/home/20180921005423/en/ Contact A.M. Best Sergio Hidenori Agena, +852 2827 3407 Associate Financial Analyst [email protected] or Christopher Sharkey, +1 908 439 2200, ext. 5159 Manager, Public Relations [email protected] or Christie Lee, +852 2827 3413 Director, Analytics [email protected] or Jim Peavy, +1 908 439 2200, ext. 5644 Director, Public Relations [email protected] Source : A.M. Best A.M. BEST AFFIRMS CREDIT RATINGS OF SAMSUNG FIRE & MARINE INSURANCE CO., LTD. AND ITS SUBSIDIARIES24/9/2018 HONG KONG, Sept 24 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa+” of Samsung Fire & Marine Insurance Co., Ltd. (SFM) (South Korea). Concurrently, A.M. Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a” of SFM’s wholly owned subsidiary, Samsung Reinsurance Pte. Ltd. (SRE) (Singapore). A.M. Best also has affirmed the FSR of A- (Excellent) and the Long-Term ICRs of “a-” of SFM’s subsidiaries, Samsung Vina Insurance Co., Ltd. (SVI) (Vietnam) and PT. Asuransi Samsung Tugu (AST) (Indonesia). The outlook of these Credit Ratings (ratings) is stable.
The ratings of SFM reflect its balance sheet strength, which A.M. Best categorizes as strongest, as well as its strong operating performance, very favorable business profile and very strong enterprise risk management (ERM). SFM’s balance sheet strength is underpinned by its risk-adjusted capitalization at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR). The company’s large absolute capital base, low level of underwriting leverage and its prudent investment strategy also support its robust capitalization. The company’s limited exposure to long-tail risks and tight internal capital monitoring practices add stability to its strong capitalization. SFM has maintained highly stable and profitable operating income. Although the gap with its peers has narrowed due to industry-wide efforts to improve profitability, SFM has outperformed the industry in operating profitability consistently over the past five years while demonstrating highly stable underwriting profitability. The company’s stable investment income stream, which is composed mostly of interest and dividend income, supports its strong operating performance. SFM is an indisputable market leader in South Korea’s non-life insurance industry with approximately a quarter of the market share in terms of direct premium written. SFM’s large network of exclusive agents gives the company strong control over distribution. The company also has demonstrated its leading role in auto insurance by introducing a highly cost-efficient online channel ahead of other domestic peers. Despite its limited operation in overseas markets, concentration risk is low given the large size of its domestic market with stable growth and the company’s diversified product mix. A.M. Best believes SFM has a sophisticated ERM structure with a company-wide risk management process and culture that are entrenched in the organization, in addition to superior risk management capabilities to effectively manage its diverse risk exposures. Negative rating actions could occur if there is consistent deterioration in the company's operating performance or a material decrease in the company’s capitalization. The ratings of SRE reflect its balance sheet strength, which A.M. Best categorizes as strong, as well as its adequate operating performance, limited business profile and appropriate ERM. These ratings also recognize the high degree of integration and wide range of implicit and explicit support provided by the SRE’s ultimate parent, SFM. SRE’s risk-adjusted capitalization, as measured by the BCAR, is at the strongest level due to a low net underwriting leverage and conservative investment portfolio. Nevertheless, SRE’s capital and surplus size of USD 66 million at the end of 2017 is small for a reinsurer and it also has a high dependency on retrocession. Operating performance has been mostly profitable over the past five years, with a five-year average operating ratio of 86.0%. Profitability is supported mainly by underwriting results, as net investment return is low due to the company’s conservative investment policy. Volatility in operating performance is high due the impact of relatively large losses to a small net premium size. Nevertheless, the new management team implemented measures to address volatility, including changes in its business plan to re-enter the treaty market and increase its retention level to lower the expense ratio. SRE is a small regional reinsurer mainly focused in Southeast Asia. As most of its book of business was assumed from SFM when it commenced business in 2012, SRE benefits from low execution risk and a relatively profitable business related to Samsung Group companies and Korean Interests Abroad (KIA) in Southeast Asia. As a wholly owned subsidiary of SFM, SRE shares the Samsung brand and is highly integrated within the parent company. This is strategically important to SFM in its effort to expand internationally. SFM provides a wide range of support to SRE in underwriting, pricing, marketing, actuarial, risk management and retrocession. While positive rating actions are unlikely for SRE, negative rating actions could occur if the underwriting performance continues to be unfavorable due to failure in the new business plan execution. Negative rating actions also could occur if SFM reduces the level of support to SRE or SRE’s risk-adjusted capitalization declines sharply due to a material operating loss. The ratings of SVI reflect its balance sheet strength, which A.M. Best categorizes as strong, as well as its strong operating performance, limited business profile and appropriate ERM. These ratings also recognize the wide range of implicit and explicit support provided by the company’s ultimate parent, SFM. Balance sheet strength is supported by SVI’s very low net underwriting leverage and conservative investment policy. Nevertheless, SVI has a relatively small capital and surplus, at USD 42 million at the end of 2017, and is highly dependent on reinsurance. The company’s reinsurance panel is well-diversified, mostly with highly rated reinsurers. SVI is not a major player in Vietnam’s non-life insurance market, with about a 3% market share in 2017, and mostly underwrites Samsung Group-related business, which accounts for two-thirds of its gross written premium. Due to its limited business scope, the company has high concentration in business lines, particularly in marine and property, and in large South Korean accounts. The strong operating performance is supported mainly by reinsurance commission income, reflecting SVI’s fronting insurance business model. SVI receives a large amount of reinsurance commission, as it cedes most of its premium and has a favorable loss experience. SVI is 75% owned by SFM, shares the Samsung brand and is highly integrated into its parent company. The company receives supports in areas such as marketing, pricing, actuarial, underwriting, risk management and reinsurance. SVI is strategically important to SFM because it offers coverage to Samsung Group companies and other KIA in Vietnam, a major destination of South Korean investments in Southeast Asia. While positive rating action is unlikely for SVI in the near term, negative rating actions could be triggered by a substantial deterioration in the company’s risk-adjusted capitalization. The ratings of AST reflect its balance sheet strength, which A.M. Best categorizes as strong, as well as its strong operating performance, limited business profile and appropriate ERM. These ratings also recognize the wide range of implicit support provided by the company’s ultimate parent, SFM. Balance sheet strength is supported by AST’s low net underwriting leverage and conservative investment policy. Nevertheless, AST’s capital remains small at USD 18 million at year-end 2017. Reinsurance dependence is high and, due to a local cession requirement, exposes the company to significant credit risk. AST is a joint venture between SFM and PT Asuransi Tugu Pratama Indonesia, Tbk, which have 70% and 30% ownership, respectively. It is a small player in Indonesia’s non-life insurance market and mostly underwrites niche businesses of Samsung Group and other KIA in Indonesia. The strong operating performance is supported by favorable underwriting results from this niche business coupled with strict underwriting guidelines. Investment income, mostly from interest on deposits and government bonds, also has supported the company’s results. AST shares the Samsung brand and is highly integrated into SFM, receiving support in marketing, pricing, underwriting and risk management. Most of AST’s business is related to SFM’s business relationships. AST also receives reinsurance support from SFM through its sister company, SRE. Positive rating action for AST is unlikely at this time. Negative rating actions could be triggered by a substantial deterioration in the company’s risk-adjusted capitalization, due to material losses or a significant increase in credit risk. Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication. This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases. A.M. Best is a global rating agency and information provider with a unique focus on the insurance industry. Visit www.ambest.com for more information. Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on businesswire.com: https://www.businesswire.com/news/home/20180921005432/en/ Contact A.M. Best Sergio Hidenori Agena Associate Financial Analyst +852 2827 3407 [email protected] or Christie Lee Director, Analytics +852 2827 3413 [email protected] or Christopher Sharkey Manager, Public Relations +1 908 439 2200, ext. 5159 [email protected] or Jim Peavy Director, Public Relations +1 908 439 2200, ext. 5644 [email protected] Source : A.M. Best KUALA LUMPUR, Sept 21 (Bernama) -- The FIDO (Fast IDentity Online) Alliance is organising the FIDO Authentication Seminar in Singapore on Oct 8, as it aims to reduce the world’s reliance on passwords with simpler and stronger authentication.
Attendees will learn the latest trends in strong authentication, including key updates on newly released FIDO2 specifications being supported in leading browsers such as Google Chrome, Microsoft Edge and Mozilla Firefox. The uptake of FIDO authentication in the Asia-Pacific region with case studies on real world deployments from leading companies such as BC Card, Tradelink Electronic Commerce Ltd and LINE will also be presented. Speakers will also cover the technical details of FIDO standards, FIDO certification programs and FIDO’s role in the global regulatory landscape for strong authentication. FIDO standards offer a simple, low-cost way to improve security and user experience. The seminar is free of charge and open to anyone, but registration is required. To register, go to https://fidoalliance.org/events/fido-authentication-seminar-singapore/ -- BERNAMA -The ContentWise solution powers deep UX personalization and automation for SK Broadband’s B tv IPTV service.
-Selection of ContentWise is key to implement SK Broadband “Customer Value Innovation” strategic initiative. -SK Broadband customers will be able to select their favorite viewing style and get individually personalized content and menu selections based on their preferences and activity. LOS ANGELES, Sept 14 (Bernama-BUSINESS WIRE) -- SK Broadband, the leading broadband and multimedia entertainment provider in Korea selected ContentWise, the TV UX automation, personalization, analytics and metadata experts, to provide the personalization and UX automation software for its newly re-architected multimedia entertainment services. This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20180913006133/en/ SK Broadband recently-announced revamping of its multimedia service starts with the customer at the center and stretches traditional approaches to packaging and delivering of content to meet the individual preferences of each customer. For the first time in IPTV, SK Broadband has made it possible for customers to choose their favorite viewing style. As a result, when customers turn on B tv, they will engage in a completely different experience based on the fact that they have selected a household profile, a VOD live profile or a Kids profile. After the initial setup, all user experience, including menu configuration, recommended content and events are customized according to the customer's viewing history and behavior. As Chang Wan You, VP of Head of Media Business HQ at SK Broadband said: “We now need to provide services and content tailored to our customers by analyzing consumption trend data for each customer. SK Broadband ultimately wants to deliver 4.6 million different home pages to each of our 4.6 million customers of B tv.” Such high levels of personalization, content organization and user experience orchestration are made possible by the data that SK Broadband has accumulated about its subscribers viewing habits and by AI-powered personalization technology built by ContentWise. The software powers personalized recommendations, intelligent search and content selections based on a viewer’s profile and preferences. In addition, thanks to its testing and analysis capabilities, ContentWise helps SK Broadband’s editorial staff manage and validate complex editorial strategies at scale. With these tools, the service evolves continuously to improve the user experience and the performance of content personalization. SK Broadband shared that 43% of B tv’s total number of views are being generated through personalized recommendations. In particular, for their monthly movie premier service, 58% of viewing events are generated through ContentWise and the number of B tv’s movie viewing events per subs has increased by 24% after implementing ContentWise-powered recommendations. “SK Broadband is an exceptional customer.” said Paolo Bozzola, CEO of ContentWise. “They have reframed their entire entertainment services strategy around the viewer, which is 100% in line with our vision and mission as a technology vendor. We are very excited to help SK Broadband achieve that goal.” Mr Chang Wan You commented: “ContentWise is essential to the success of our ‘Customer Value Innovation’ strategic initiative. We can now deliver truly unique experiences to our B tv subscribers.” About ContentWise ContentWise is the leading UX automation solution for pay TV, broadcast, OTT and streaming operators. ContentWise helps its customers’ marketing, editorial and content acquisition teams predict user intent, personalize the watching experience, optimize content performance and automate programming. The ContentWise software suite combines self-tuning UI personalization, editorial management tools and predictive analytics, testing and targeting capabilities. ContentWise customers are leading operators worldwide, including Cablevisión Argentina, maxdome, Mediaset, SK Broadband, Sky, Telefonica and TrueVisions. Visit www.contentwise.tv to learn more about ContentWise, or on @contentwisetv About SK Broadband Since its foundation in 1997 as Korea's second inbound telephone service provider, SK Broadband has been taking a leading role in the ICT industry in Korea. Launching the world's first ADSL service and Korea's first TV portal service focusing on VOD, SK Broadband offers a range of services including giga Internet, telephone, IPTV (B tv), mobile video service (Oksusu), and other services for enterprise solutions and infrastructure. SK Broadband ensures differentiated customer value in the areas of IoT, cloud, and AI based on its bold digital transformation while pursuing to become Korea's best wired and wireless media platform and securing a competitive edge in fundamental network infrastructure. View source version on businesswire.com: https://www.businesswire.com/news/home/20180913006133/en/ Contact ContentWise, Inc. Federico Miniussi +1-323-524-0524 [email protected] Source : ContentWise, Inc. --BERNAMA |
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