Monthly Archives: August 2020

PR Newswire

Funding Societies and SMU collaborate to develop a case on P2P Lending for Small Businesses

Leave a comment

SINGAPORE, Aug. 12, 2020 — Funding Societies, Southeast Asia’s largest digital financing platform, and Singapore Management University (SMU) have come together to develop and publish a case study explaining the role of FinTech and Peer-to-Peer (P2P) lending for small businesses. This is the first such case covering a P2P lender that SMU has developed, and involved in-depth research into the industry and the workings of the homegrown FinTech.  

Funding Societies and Singapore Management University collaboration
Funding Societies and Singapore Management University collaboration

The case is authored by faculty members of SMU’s Lee Kong Chian School of Business (LKCSB), which has been enhancing its course offerings and teaching material in Digital Business, as part of its aim to better equip students for the digital transformations that are occurring in the business world. It comes at a timely juncture as the P2P industry is expanding steadily, making competition fiercer than ever before. In recent years, several platforms similar to Funding Societies have entered the market while others are now being acquired by larger companies.

Authored by Associate Professors of Marketing Hannah Chang and Michelle Lee, and produced by the University’s Centre for Management Practice, the published case titled Using Fintech to Support Small Businesses in Singapore examines how FinTech companies can stand out in the trade with an innovative service, and how they can, through careful market segmentation and targeting, gain a competitive edge in acquiring and retaining customers. It focuses on Funding Societies’ innovative use of technology to reduce customer pain points, and also analyses the FinTech’s outreach efforts employed to educate the Micro Small and Medium Enterprise (MSME) segment on how its products can close financing gaps unserved by traditional financial institutions.

An excerpt from the case hints at the added value that FinTech platforms like Funding Societies bring to this overlooked segment through the use of technology:

Debt crowdfunding, also referred to as peer-to-peer (P2P) lending, represents an alternative source of loans for businesses to borrow money. P2P companies are different from banks in that they operate through online platforms, utilise data analytics and algorithms for credit risk assessment, and have much shorter turnaround times for loan approvals than the banks. Moreover, while banks lend money to companies using customer deposits, P2P companies play the part of a matchmaker by enabling individual investors to put money directly towards funding a particular loan.

In just five years, Funding Societies has disbursed over S$1.5 billion in funding across more than 2.6 million business loans across Southeast Asia. Back in the day as one of the industry’s pioneers and offering only one product out of Singapore, Funding Societies has today flourished into the only homegrown P2P lender with multiple SME financing products and licensed in three countries – Singapore, Malaysia, and Indonesia. The company has also been shortlisted for the Singapore digital wholesale banking license in a consortium with AMTD, Xiaomi, and SP Group.

"While relatively young in Singapore, P2P lending has become a major form of alternative financing for SMEs and alternative investment for the public, because of its accessibility and convenience. As it continuously evolves, we believe it will become mainstream finance, attracting and nurturing more local talent, and further contributing to the local FinTech space as a whole," said Kelvin Teo, Co-founder and Group CEO of Funding Societies.

Associate Professor Michelle Lee, who is also Associate Dean (Undergraduate Matters) at SMU LKCSB, said, "P2P lending is a burgeoning area within FinTech and every business student ought to have some understanding of the industry. This case provides them with that understanding and prompts them to think deeply about how a company in that space can compete effectively. It sharpens their thinking about a firm’s value proposition vis-à-vis direct and indirect competition, as well as how a competitive advantage can be sustained."

"Since its inception, SMU has held to the principle of preparing students well for industry and this has meant ensuring the currency of its curriculum and teaching material. This case is one example of how that is brought about," she added.

The case is available here: https://cmp.smu.edu.sg/case/4406*. Other financial institutions which SMU has published cases on include Ant Financial, Nium, and DBS.

*Note: A complimentary copy of the published case is available to the press upon request. Kindly note that the copy is strictly for internal use only and not for further dissemination.

About Funding Societies

Funding Societies | Modalku is the largest SME digital financing platform in Southeast Asia. It is licensed in Singapore, Indonesia and Malaysia, and backed by Sequoia India and Softbank Ventures Asia Corp amongst many others. It provides business financing to small and medium-sized enterprises (SMEs), which is crowdfunded by individual and institutional investors. In 5 years, it has helped finance over 2.6 million business loans with over S$1.5 billion in funding. It was given the MAS FinTech Award in 2016, the Global SME Excellence Award at the United Nations’ ITU Telecom World in 2017, Brands for Good in 2019, recognised by IDC as amongst the 5 fastest growing FinTechs in Singapore, and the Stevie® Award in 2020.

Read our company story here: https://blog.fundingsocieties.com/our-story/

About Singapore Management University

A premier university in Asia, the Singapore Management University (SMU) is internationally recognised for its world-class research and distinguished teaching. Established in 2000, SMU’s mission is to generate leading-edge research with global impact and to produce broad-based, creative and entrepreneurial leaders for the knowledge-based economy. SMU’s education is known for its highly interactive, collaborative and project-based approach to learning.

Home to over 10,000 students across undergraduate, postgraduate professional and postgraduate research programmes, SMU is comprised of six schools: School of Accountancy, Lee Kong Chian School of Business, School of Economics, School of Information Systems, School of Law, and School of Social Sciences. SMU offers a wide range of bachelors’, masters’ and PhD degree programmes in the disciplinary areas associated with the six schools, as well as in multi-disciplinary combinations of these areas.

SMU emphasises rigorous, high-impact, multi- and inter-disciplinary research that addresses Asian issues of global relevance.  SMU faculty members collaborate with leading international researchers and universities around the world, as well as with partners in the business community and public sector.  SMU’s city campus is a modern facility located in the heart of downtown Singapore, fostering strategic linkages with business, government and the wider community.  www.smu.edu.sg

About SMU Centre for Management Practice

The Centre for Management Practice (CMP) was established to position SMU as a university that collaborates closely with industry, to inform and learn from the world of management and practice. This is accomplished by furthering the case methodology to enrich education at SMU and other organisations across the globe, and translating selected academic outputs to practice-oriented knowledge that can be consumed by a non-academic audience.

Case Writing Initiative

The Case Writing Initiative (CWI) was set up in August 2011 with the ambitious goal of filling a critical need to develop business case studies based on an Asian setting for use in international curriculums. Business cases provide both research and learning opportunities to faculty members, students and those in industry. The process of working collaboratively with businesses on case studies enables faculty members to be grounded in both theory and practice. They develop a richer understanding of the business context in their subject matter and its application to real world situations. The cases developed by faculty members are used in class to illustrate key theoretical concepts and frameworks. From the students’ perspective, they provide an opportunity to make decisions that require critical thinking and debate. From the corporate perspective, they present a contribution to management education and allow for a different perspective on existing business issues.

To date, CWI has published over 285 cases, with another 50 in the pipeline. These cases have won several prestigious international awards, and been adopted by leading universities and corporates schools worldwide. The cases are distributed by the Case Centre and Harvard Business Publishing. 

Media Contacts

Funding Societies

Glennice Yong

Senior PR & Communications Executive

glennice.yong@fundingsocieties.com

+65 9155 4662

SMU

Huang Peiling

Snr Associate Director, Corporate Communications

plhuang@smu.edu.sg

+65 6828 0964 / +65 9845 3361

Photo – https://photos.prnasia.com/prnh/20200811/2882095-1?lang=0  

PR Newswire

Singapore employees return to a changing workplace as COVID-19 accelerates greater collaboration between humans and technology, says GlobalData

Leave a comment

  • Employees empowered with new digital skills as COVID-19 accelerates greater collaboration between humans and technology
  • Advances in mobile technologies and applications is driving a collaboration boom as businesses adopt video conferencing and wearables as AI platforms
  • COVID-19 fueling automation of supply chains across different industries

SINGAPORE, Aug. 12, 2020 — As the economy re-starts in Singapore, workers are returning to a changing workplace as COVID-19 accelerates greater collaboration between humans and technology, empowering employees with new digital skills, according to GlobalData, a leading data and analytics company.

Various technologies are transforming ‘The future of work’ in Singapore including video conferencing and other collaboration tools, communication between smart objects, supply chain automation and digital twinning to provide virtual presentations.

Collaboration becomes an AI platform

The rapid advances in mobile technologies and applications has driven a collaboration boom since the pandemic started as businesses adopt video conferencing as AI platforms. OCBC Bank Singapore introduced a mobile app to launch ‘HealthPass’ which enables patients to book video consultation appointments with over 100 general practitioners. The use of wearables is also accelerating as mobile and wireless technologies support positive health outcomes through m-health. One example is ‘smart rings’ which provide advance warning of infections with a 90% accuracy.

Access agnostic connectivity

The seamless communication between smart objects over the internet is also proving to be transformative in the changing work landscape. Singapore-based telecom provider M1 has been working with regulator IMDA and airline manufacturer Airbus to trial unmanned aerial vehicles using 5G technology for the Singapore Port and Maritime Authority to use as part of its incident management response and the running of its general operations.

Automation

One of the biggest changes COVID-19 has brought is the automation of the supply chain with several industries such as manufacturing, healthcare and aerospace now embracing 3D printing. Researchers at the National University of Singapore (NUS) have found a method of producing nasopharyngeal COVID-19 testing swabs using 3D-printing and injection molding providing local production capability which will ease global shortages.

Data visualization, interpretation

Advanced digital technologies are also providing analytics tools and insights for line-of-business users. Several of Singapore’s capital-intensive industries including construction which has been one of the hardest hit, are investing in digital twinning to create virtual representations of processes and physical objects.

Dustin Kehoe, Head of Technology Research for Asia-Pacific at GlobalData, says: "One of the biggest challenges facing Singaporean businesses in the short-term is in HR. Employees will need a lot of reassurance and support to embrace the changing future of work and acquire the skills they will need to adjust to new ways of working, as work flows move from physical locations and rigid hierarchies towards peer-to-peer collaboration in virtual teams."  

Please contact the GlobalData Press Office for comment, analysts available for interview at +91 40 6616 6809/ +44 (0) 207 936 6400. Email: pr@globaldata.com.

Logo – https://techent.tv/wp-content/uploads/2020/08/singapore-employees-return-to-a-changing-workplace-as-covid-19-accelerates-greater-collaboration-between-humans-and-technology-says-globaldata.jpg

 

PR Newswire

Qualcomm Announces Pricing Terms of Its Cash Offers for Four Series of Notes Open to Retail Holders Only

Leave a comment

SAN DIEGO, Aug. 12, 2020 — Qualcomm Incorporated (NASDAQ: QCOM) announced today the pricing terms of its four separate offers to purchase for cash (each, a "Cash Offer," and collectively, the "Cash Offers") any and all of the outstanding notes listed in the table below (collectively, the "Old Notes"), on the terms and subject to the conditions set forth in the Offer to Purchase dated August 5, 2020 (the "Offer to Purchase" and, together with the certification to participate in the Cash Offers, the instructions for such certification and the notice of guaranteed delivery, the "Cash Offer Documents"). The Cash Offers are subject to an aggregate maximum condition as set forth below.

The Cash Offers will expire at 5:00 p.m., New York City time today, August 11, 2020 (such date and time, as may be extended or earlier terminated by Qualcomm, the "Cash Offer Expiration Date"). The "Cash Offer Settlement Date" will be promptly following the Cash Offer Expiration Date and is expected to be August 14, 2020.

Only holders who are not "qualified institutional buyers" and who are not non-U.S. persons (other than "retail investors" in the European Economic Area or in the United Kingdom and investors in any province or territory of Canada that are individuals or that are institutions or other entities that do not qualify as both "accredited investors" and "permitted clients") are eligible to participate in this transaction, as more fully described below. Qualcomm also announced today the pricing terms of its transaction to exchange such four series of notes pursuant to private exchange offers (each, an "Exchange Offer" and collectively, the "Exchange Offers"), which are open only to Ineligible Holders (as defined below).

The following table sets forth, for each series of Old Notes, the yields and the Tender Consideration (as defined in the Cash Offer Documents) for each $1,000 principal amount of such Old Notes validly tendered and not validly withdrawn prior to the Cash Offer Expiration Date and accepted by Qualcomm:

Title of Series of
Old Notes to be
Purchased

CUSIP/ISIN

Reference U.S.

Treasury Security

Reference Yield(1)

Fixed Spread

(basis points)

Yield(2)

Tender Consideration

3.000% Notes due 2022 ("Old 2022 Notes")

747525AE3;

US747525AE30

1.750% U.S. Treasury Notes due May 15, 2022

0.176%

15

0.326%

$1,047.06

2.600% Notes due 2023 ("Old 2023 Notes")

747525AR4;

US747525AR43

2.125% U.S. Treasury Notes due December 31, 2022

0.176%

15

0.326%

$1,053.82

2.900% Notes due 2024 ("Old 2024 Notes")

747525AT0;

US747525AT09

2.125% U.S. Treasury Notes due March 31, 2024

0.216%

15

0.366%

$1,090.54

3.450% Notes due 2025 ("Old 2025 Notes")

747525AF0;
US747525AF05

2.000% U.S. Treasury Notes due February 15, 2025

0.264%

20

0.464%

$1,133.31

(1)

Represents the bid-side yield on the Reference U.S. Treasury Security calculated as of 2:00 p.m., New York City time, on August 11, 2020, in accordance with the procedures set forth in the Offer to Purchase.

(2)

Represents the bid-side yield on the Reference U.S. Treasury Security plus the applicable Fixed Spread, calculated in accordance with the procedures set forth in the Offer to Purchase.

Upon the terms and subject to the conditions set forth in the Cash Offer Documents, Eligible Holders (as defined below) who (i) validly tender and who do not validly withdraw Old Notes at or prior to the Cash Offer Expiration Date or (ii) deliver a properly completed and duly executed notice of guaranteed delivery and all other required documents at or prior to the Cash Offer Expiration Date and tender their Old Notes pursuant to the Cash Offers at or prior to 5:00 p.m., New York City time, on the second business day after the applicable Cash Offer Expiration Date pursuant to guaranteed delivery procedures, expected to be August 13, 2020, subject in each case to the delivery of the certification to participate in the Cash Offers and tendering the applicable minimum denominations, and whose Old Notes are accepted for purchase by Qualcomm, will receive consideration in the Cash Offers equal to the applicable Tender Consideration.

We also intend to pay in cash accrued and unpaid interest on the Old Notes accepted for purchase from the last applicable interest payment date for the Old Notes to, but excluding, the Cash Offer Settlement Date (the "Accrued Coupon Payment").

Terms of the Cash Offers

The complete terms and conditions of the Cash Offers are set forth in the Cash Offer Documents, each of which have been distributed to Eligible Holders in connection with the proposed Cash Offers. Each Cash Offer is subject to certain conditions, including (i) the timely satisfaction or waiver of all of the conditions precedent to the completion of the corresponding Exchange Offer for such series of Old Notes (with respect to each Exchange Offer, the "Exchange Offer Completion Condition") and (ii) that the aggregate principal amount of cash payable by Qualcomm to Eligible Holders participating in the Cash Offers is no greater than $300 million before giving effect to the Accrued Coupon Payment (the "Aggregate Maximum Cash Offer Condition"). The Exchange Offers are subject to certain conditions, including that the aggregate principal amount of New 2028 Notes to be issued under the Exchange Offers must be equal to or greater than $500 million (the "New 2028 Notes Minimum Condition") and that the aggregate principal amount of New 2032 Notes to be issued under the Exchange Offers must be equal to or greater than $500 million (the "New 2032 Notes Minimum Condition," and together with the New 2028 Notes Minimum Condition, the "Minimum Condition Requirements"). Qualcomm will terminate a Cash Offer for a given series of Old Notes if it terminates the Exchange Offer for such series of Old Notes, and Qualcomm will terminate the Exchange Offer for a given series of Old Notes if it terminates the Cash Offer for such series of Old Notes. The Exchange Offer Completion Condition may not be waived by Qualcomm; however, Qualcomm reserves the right, in its sole discretion, to waive the other conditions, including the Aggregate Maximum Cash Offer Condition and either Minimum Condition Requirement. If (i) the New 2028 Notes Minimum Condition is not satisfied, Qualcomm will not accept any Old 2022 Notes or Old 2023 Notes in the Exchange Offers and will terminate the corresponding Cash Offers for such notes and (ii) the New 2032 Notes Minimum Condition is not satisfied, Qualcomm will not accept any Old 2024 Notes or Old 2025 Notes in the Exchange Offers and will terminate the corresponding Cash Offers for such notes, in each case unless Qualcomm waives the applicable Minimum Condition Requirement. If the Aggregate Maximum Cash Offer Condition is not satisfied or waived, Qualcomm will terminate the Cash Offers and the Exchange Offers.

Only holders of Old Notes who are not (i) "qualified institutional buyers" within the meaning of Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and who are not (ii) non-U.S. persons (as defined in Rule 902 under the Securities Act) located outside of the United States within the meaning of Regulation S under the Securities Act, other than "retail investors" (as defined below) in the European Economic Area or the United Kingdom, are eligible to participate in the Cash Offers. For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, "MiFID II"); or (ii) a customer within the meaning of Directive 2002/92/EC (as amended, the "Insurance Mediation Directive"), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in Regulation (EU) 2017/1129 (as amended, the "Prospectus Regulation"). Holders of Old Notes located or resident in a province or territory of Canada will only be eligible to participate in the Cash Offers if they are (i) individuals; or (ii) institutions or other entities that do not qualify as both "accredited investors," as such term is defined in National Instrument 45-106 – Prospectus Exemptions ("NI 45-106") of the Canadian Securities Administrators or Section 73.3(1) of the Securities Act (Ontario), and "permitted clients," as such term is defined in National Instrument 31-103 – Registration Requirements, Exemptions and Ongoing Registrant Obligations ("NI 31-103") of the Canadian Securities Administrators. We refer to holders who meet the foregoing criteria in this paragraph as "Eligible Holders." Qualcomm refers to holders of Old Notes who are not Eligible Holders as "Ineligible Holders."

Only Eligible Holders who have delivered a certification to Global Bondholder Services Corporation, certifying that they are Eligible Holders, will be authorized to participate in the Cash Offers.

Holders are advised to check with any bank, securities broker or other intermediary through which they hold Old Notes as to when such intermediary needs to receive instructions from a holder in order for that holder to be able to participate in, or (in the circumstances in which revocation is permitted) revoke their instruction to participate in the Cash Offers before the deadlines specified herein and in the Cash Offer Documents. The deadlines set by each clearing system for the submission and withdrawal of tender instructions will also be earlier than the relevant deadlines specified herein and in the Cash Offer Documents.

This press release is not an offer to sell or a solicitation of an offer to buy any of the securities described herein. The Cash Offers are being made solely by the Cash Offer Documents and only to such persons and in such jurisdictions as is permitted under applicable law.

Goldman Sachs & Co. LLC and Barclays Capital Inc. are acting as the Joint-Lead Dealer Managers for the Cash Offers, and Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Blaylock Van, LLC and Loop Capital Markets LLC are acting as Co-Dealer Managers for the Cash Offers. For additional information regarding the terms of the offer, please contact Goldman Sachs & Co. LLC at (800) 828-3182 (toll free), (212) 902-6941 (collect) or GS-LM-NYC@gs.com or Barclays Capital Inc. at (800) 438-3242 (toll free), (212) 528-7581 (collect) or us.lm@barclays.com. Global Bondholder Services Corporation will act as the tender agent and information agent for the Cash Offers. Questions or requests for assistance related to the Cash Offers or for additional copies of the Cash Offer Documents may be directed to Global Bondholder Services Corporation at (866) 470-3900 (toll free) or (212) 430-3774 (collect). You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Cash Offers.

The Cash Offer Documents can be accessed at the following link: http://www.gbsc-usa.com/QUALCOMM/.

About Qualcomm

Qualcomm is the world’s leading wireless technology innovator and the driving force behind the development, launch and expansion of 5G. When we connected the phone to the internet, the mobile revolution was born. Today, our foundational technologies enable the mobile ecosystem and are found in every 3G, 4G and 5G smartphone. We bring the benefits of mobile to new industries, including automotive, the internet of things and computing, and are leading the way to a world where everything and everyone can communicate and interact seamlessly.

Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering, research and development functions, and substantially all of our products and services businesses, including our QCT semiconductor business.

Cautionary Note Regarding Forward-Looking Statements

Any statements contained in this press release that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Additionally, statements regarding the rapid, global spread of the recent coronavirus (COVID-19) pandemic, and its potential future impact on the global economy, including the potential for a global recession; economic uncertainty and consumer and business confidence; demand for devices that incorporate our products and intellectual property; our and the global wireless industry’s supply chains, transportation and distribution networks and workforces; 5G network deployments; and our business, revenues, results of operations, cash flows and financial condition; as well as statements regarding our planning assumptions, workforce practices, the duration and severity of the pandemic, and government and other actions to mitigate the spread of, and to treat, COVID-19 are forward-looking statements. Forward-looking statements further include but are not limited to statements regarding industry, market, business, product, technology, commercial, competitive or consumer trends; our businesses, growth potential or strategies, or factors that may impact them; challenges to our licensing business, including by licensees, governments, governmental agencies or regulators, standards bodies or others; challenges to our QCT semiconductor business; other legal or regulatory matters; competition; new or expanded product areas, adjacent industry segments or applications; costs or expenditures including research and development, selling, general and administrative, restructuring or restructuring-related charges, working capital or information technology systems; our financing, stock repurchase or dividend programs; strategic investments or acquisitions; adoption and application of future accounting guidance; tax law changes; our tax structure or strategies; U.S./China trade or national security policies; or the potential business or financial statement impacts of any of the above, among others. Forward-looking statements are generally identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words, but these words are not the exclusive means of identifying forward-looking statements in this press release. These statements are based on Qualcomm’s current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological, strategic and/or regulatory factors, and other factors affecting the operations of Qualcomm. More detailed information about these factors may be found in Qualcomm’s filings with the SEC, including those discussed in Qualcomm’s most recent Annual Report on Form 10-K and in any subsequent periodic reports on Form 10-Q and Form 8-K, each of which is on file with the SEC and available at the SEC’s website at www.sec.gov. SEC filings for Qualcomm are also available in the Investor Relations section of Qualcomm’s website at www.qualcomm.com.

Qualcomm is not obligated to update, or continue to provide information with respect to, any forward-looking statement, whether as a result of new information, future events or otherwise after the date of this press release. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

Qualcomm Contacts:

Pete Lancia
Corporate Communications
Phone: 1-858-845-5959
email: corpcomm@qualcomm.com

Mauricio Lopez-Hodoyan
Investor Relations
Phone: 1-858-658-4813
email: ir@qualcomm.com

Information Agent Contact:

Global Bondholder Services Corporation
Phone: 1-866-470-3900 (toll free)
1-212-430-3774 (collect)

Related Links :

http://www.qualcomm.com/

Computers, News

The New ASUS ZenBook 13 & ZenBook 14 Lands in Malaysia! Prices start from MYR3,999

Leave a comment

ASUS’s ZenBook series has always been the company’s foremost when it comes to delivering solutions for workers on-the-go. The company has revitalised the line up with features that make working on-the-go easier, more ergonomic and less of a hassle. This year is no different with the new ASUS ZenBook 13 (UX325) and the ZenBook 14 (UX425).

The two new entries into the ASUS ZenBook line up make up the new ZenBook Classics line up which hold fast to the original ZenBook’s ethos of being portable and fitted for productivity. The ZenBook 13 and ZenBook 14 come with the 10th Generation Intel Core i5 and i7 processors with Intel IRIS Plus Graphics which allow them to be more power efficient and more powerful – allowing on-the-go workers to get more done and keep up with the increasing demand for processing power. Paired with 8GB of RAM, the ZenBooks will be able to handle most anything you can throw at the laptops.

The new line is the lightest and most compact line up of ZenBooks ever. The 13.3-inch ZenBook 13 comes in at only 1.07kg and is an astounding 13.9mm thin. The ZenBook 14 maintains the thickness but gets a little bump in weight, coming in at 1.13kg. Both laptops come with Full HD LED displays with 1080p resolution. The slim bezels around the screen allow for up to 90% screen to body ratio for a more immersive experience when you’re consuming your multimedia while maintaining the compact size.

Built for Productivity

Keeping with their productivity focus, the laptops come equipped with The ZenBook 13 and ZenBook 14 come with a 512GB NVMe PCIe 3.0 solid state drive (SSD) for quick read and write performance. The SSD also allows you to boot into Windows in less than 10 seconds. In addition, ASUS NumPad 2.0 which turns the touchpad into a fully functional NumPad for all your number crunching needs. Together with NumPad 2.0, ASUS has also optimised the ergonomics of the laptop with it’s now ubiquitous ErgoLift hinge. The hinge raises the laptop slightly and angles the keyboard for a more natural typing experience and better cooling.

The new ASUS ZenBook Classic entries are not only optimising hardware for productivity, it also ensures that you don’t need to live the dongle life. The ZenBook 13 and ZenBook 14 both come with a full array of ports to make sure you’re ready to connect. It comes with two USB-C port complete with Thunderbolt 3 technology and ASUS EasyCharge. Also on the laptops is a USB Type A port, a HDMI port and a microSD card reader.

In addition to the numerous ports, the new ASUS ZenBooks also come equipped with WiFi 6 compatibility. The new WiFi technology allows up to three times more data to be communicated through WiFi for quicker data speeds and better latency. Your data isn’t the only thing that will be quicker than usual, you’ll also be able to login in a snap with the Windows Hello thanks to the IR webcam on the new ZenBooks.

Keeping productive can be a little bit frustrating at times, but the ZenBook 13 and 14 are tough with MIL-STD 810G ruggedness. So, you won’t need to worry about things getting a little bit rough with the laptops. This is complemented by up to 22 hours battery life thanks to it’s large 67Wh battery.

Pricing & Availability

The ASUS ZenBook 13 and ZenBook 14 will be available starting on August 11, 2020 for MYR3,999 (USD$953.25) for the version with the Core i5 and MYR4,699 (USD1,120.15) for the one with the Core i7.

Official Specifications

ASUS ZenBook 13 (UX325)

CPUIntel Core i7-1065G7 processor
Intel Core i5-1035G1 processor
Display13.3” LED-backlit FHD (1920 x 1080)
450 nits
Slim 2.9 mm bezels with 88% screen-to-body ratio
Operating systemWindows 10 Home
Office SoftwareOffice Home & Student 2019 included
GraphicsIntel® Iris® Plus Graphics
Main memory8GB 3200 MHz LPDDR4x onboard
Storage512GB M.2 NVMe PCIe 3.0 SSD
ConnectivityWiFi 6 (802.11ax), Bluetooth® 5.0
CameraHD infrared (IR) webcam (supports Windows Hello)
I/O ports2 x Thunderbolt™ 3 USB-C® with ASUS USB-C® Easy Charge
1 x USB 3.2 Gen 1 Type-A;
1 x Standard HDMI 2.0;
1 x MicroSD card reader
TouchpadASUS NumberPad 2.0
AudioCertified by Harman Kardon
ASUS SonicMaster stereo audio system with surround-sound; smart amplifier for maximum audio performance
Array microphone with Cortana and Alexa voice-recognition support
Battery67 Wh lithium-polymer battery up to 22 hr battery life
AC adapter65-watt power adapter
Output: 20 V DC, 3.42 A;
Input: 100-240 V AC, 50/60 Hz universal
Dimensions304 x 203 x 13.9 mm
WeightApprox. 1.07 kg
ColorPine Grey
Retail Pricing (MYR)RM 3,999 (i5-1035G1)
RM 4,699 (i7-1065G7)

ASUS ZenBook 14 (UX425)

CPUIntel Core i7-1065G7 processor Intel Core i5-1035G1 processor
Display14” LED-backlit FHD (1920 x 1080)
400 nits
Slim 2.5 mm bezels with 90% screen-to-body ratio
Operating systemWindows 10 Home
Office SoftwareOffice Home & Student 2019 included
GraphicsIntel® Iris® Plus Graphics
Main memory8GB 3200 MHz LPDDR4x onboard
Storage512GB M.2 NVMe PCIe 3.0 SSD
ConnectivityWiFi 6 (802.11ax), Bluetooth® 5.0
CameraHD infrared (IR) webcam (supports Windows Hello)
I/O ports2 x Thunderbolt™ 3 USB-C® with ASUS USB-C® Easy Charge
1 x USB 3.2 Gen 1 Type-A;
1 x Standard HDMI 2.0;
1 x MicroSD card reader
TouchpadASUS NumberPad 2.0
AudioCertified by Harman Kardon
ASUS SonicMaster stereo audio system with surround-sound; smart amplifier for maximum audio performance
Array microphone with Cortana and Alexa voice-recognition support
Battery67 Wh lithium-polymer battery up to 22 hr battery life
AC adapter65-watt power adapter
Output: 20 V DC, 3.42 A;
Input: 100-240 V AC, 50/60 Hz universal
Dimensions319 x 208 x 13.9 mm
WeightApprox. 1.13 kg
ColorPine Grey
Retail Pricing (MYR)RM 3,999 (i5-1035G1)
RM 4,699 (i7-1065G7)

PR Newswire

Infortrend’s exclusive data protection – distributed mode brings ultra-high performance and optimized capacity utilization

Leave a comment

TAIPEI, Aug. 11, 2020 — Infortrend® Technology, Inc. (TWSE: 2495), the industry-leading enterprise storage provider, developed exclusive distributed mode for its EonStor CS scale-out NAS systems. It allows enterprises ensure data protection while increasing capacity utilization by 90% and performance by up to 50% compared to traditional data protection policies, i.e. Erasure Code and Replica.

EonStor CS is a scale-out NAS system that can be scaled horizontally by adding more nodes, so that capacity and performance linearly expands with the increase of system nodes number. On top of traditional Erasure Code and Replica policies, EonStor CS supports exclusive distributed mode for data protection which gives enterprises such benefits as increased performance, capacity optimization, and lowered TCO. Thanks to supporting single and dual node clusters, system deployment can be started with only one or two nodes and then subsequently expanded with new nodes as storage capacity and performance demands grow. In distributed mode, a file is evenly distributed in each node, and only one copy of it is written to storage. Unlike Erasure Code, distributed mode does not require data parity calculation and unlike Replica mode, it does not create duplicated copies of data. This allows ultra-high 90% capacity utilization and increased by up to 50% performance compared to other modes.

EonStor CS has a unique system architecture with embedded layer of Infortrend RAID protection. Opposed to traditional scale-out NAS, where the damaged data must be reconstructed from other nodes through the network, recovery of corrupted data in EonStor CS architecture does not occupy the network bandwidth as it occurs inside the node via RAID mechanism, so it is faster and system performance is not affected.

Learn more about Exclusive features of EonStor CS 

Learn more about EonStor CS scale-out NAS

About Infortrend

Infortrend (TWSE: 2495) has been developing and manufacturing storage solutions since 1993. With a strong emphasis on in-house design, testing, and manufacturing, Infortrend storage delivers performance and scalability with the latest standards, user friendly data services, personal after-sales support, and unrivaled value. For more information, please visit www.infortrend.com

Related Links :

http://www.infortrend.com

PR Newswire

Reveal Acquires NexLP to become the leading AI-powered eDiscovery Solution

Leave a comment

Reveal takes a major step forward in its mission to bring AI to the masses and changing the way electronic data is managed with a “next-generation” solution

CHICAGO, Aug. 11, 2020 — Reveal announced today the acquisition of NexLP, the leading artificial intelligence software in the legal industry. With the acquisition, Reveal becomes the market-leader in AI-powered, end-to-end eDiscovery.

Wendell Jisa, Reveal CEO (left) and Jay Leib, NexLP Co-Founder & CEO (right)
Wendell Jisa, Reveal CEO (left) and Jay Leib, NexLP Co-Founder & CEO (right)

The acquisition of NexLP marks a significant step forward for the eDiscovery industry, positioning Reveal as a next-generation market leader with the first software to include best-in-class review, artificial intelligence and processing in an all-inclusive solution that achieves better outcomes and discovery insights faster.

"The future of eDiscovery is artificial intelligence. We’ve acquired the leader in this space to ensure our platform is powered by cutting-edge AI technology and NexLP’s premier data science team," said Reveal CEO, Wendell Jisa. "This exclusive integration of NexLP AI into Reveal’s solution provides our clients the opportunity to lead in the evolution of how law is practiced."

NexLP’s artificial intelligence platform turns disparate, unstructured data – including email communications, business chat messages, contracts and legal documents – into meaningful insights that can be used to deliver operational efficiencies and proactive risk mitigation for legal, corporate and compliance teams.

Reveal clients have access to the next-generation solution now. The companies have worked to fully integrate NexLP’s AI software into Reveal’s review software for more than a year. All features, including the industry-exclusive ability to run multiple AI models, as well as all future functionality, become part of Reveal’s standard software. NexLP’s artificial intelligence platform will remain available as a stand-alone application for current clients.

With the acquisition, Jay Leib, Co-Founder and CEO of NexLP, joins the leadership team of Reveal as its EVP of Innovation & Strategy.

"We chose Reveal, after considering all the major players in the space, because they offer by-far, the most comprehensive, solutions-oriented technology on the market and we have a shared vision for the future of legal technology," said Jay Leib, Reveal EVP of Innovation & Strategy. "Reveal’s global footprint and ability to deploy the Reveal solution in the cloud or on-premise enables us to rapidly expand the adoption of AI to tens of thousands of legal, risk and compliance professionals overnight. Our existing clients and partners should all be thrilled with our ability to expand our capabilities by joining Reveal."

The NexLP acquisition is Reveal’s second major investment since Gallant Capital Partners, a Los Angeles-based investment firm, acquired a majority stake in Reveal in 2018. In June 2019, Reveal acquired Mindseye Solutions, an industry-leading processing and early case assessment software solution.

About Reveal Data Corporation

Reveal helps legal professionals solve complex discovery problems. As a cloud-based provider of eDiscovery, risk and compliance software, Reveal offers the full range of processing, early case assessment, review and artificial intelligence capabilities. Reveal clients include Fortune 500 companies, legal service providers, government agencies and financial institutions in more than 40 countries across five continents. Featuring deployment options in the cloud or on-premise, an intuitive user design, multilingual user interfaces and the automatic detection of more than 160 languages, Reveal accelerates legal review, saving users time and money. For more information, visit http://www.revealdata.com.

About NexLP

NexLP’s Story Engine™ uses AI and machine learning to derive actionable insight from structured and unstructured data to help legal, corporate and compliance teams proactively mitigate risk and untapped opportunities faster and with a greater understanding of context. In 2014, NexLP was selected to be a member of TechStars Chicago. For more information, visit: http://www.nexlp.com. 

Contact

Jennifer Fournier
PR@revealdata.com

Photo – https://mma.prnasia.com/media2/1226822/jisa_and_leib_announcement.jpg?p=medium600  

Related Links :

http://www.revealdata.com

PR Newswire

Entrust Datacard Lauded by Frost & Sullivan for its End-to-End, Customized Certificate Solutions

Leave a comment

Entrust Datacard has  led the market by adopting an integrated approach to the TLS and PKI business

LONDON, Aug. 11, 2020 — Based on its recent analysis of the global transport layer security certificate market, Frost & Sullivan recognizes Entrust Datacard with the 2020 Global Innovation Excellence Frost Radar Award. Its extensive product portfolio; customized, scalable solutions; and flexible business model have helped Entrust Datacard gain a global customer base. The company offers a robust portfolio of TLS/SSL and public key infrastructure (PKI) solutions, including hosted/on-premises/hybrid solutions for PKI, certificate management, and hardware security modules (HSMs).

Photo – https://mma.prnewswire.com/media/1224494/Entrust_Datacard__Radar__Award.jpg

"Entrust Datacard’s PKI use cases extend beyond web security to IoT, email, and cloud. It has positioned itself as a pioneer in the TLS space with initiatives around post-quantum cryptography (PQC), verified mark certificate (VMC), and cloud-based use cases," said Swetha R K, industry analyst. "The Entrust Certificate Services (ECS) portal brings together public and private use cases of PKI into a single interface. The gateways and endpoints layer on the ECS portal supports a wide range of protocols and enables API-based integration with endpoints and applications. Customers can deploy software agents within endpoints to perform various backend tasks."

Entrust Datacard has exhibited the strongest and most consistent organic growth rate in the industry since 2016, achieving double digit year-over-year growth in both Organization Validation (OV) certificates and in Extended Validation (EV) certificates. And, in 2019, it held the second largest share in the high assurance certificate segment.

The company has achieved considerable success with its focus on long-term innovation in line with evolving market needs and the ever-more sophisticated threat landscape. This commitment to innovation has helped it become the first commercial certifying authority (CA) to have DevOps integrations, such as with ServiceNow and Ansible. It is also the first commercial CA to release verified mark certificates (VMCs) that allow a customer’s official logo to appear in a secure position in an email.

"Another area where Entrust Datacard has taken a pioneering role is in preparing for post-quantum cryptography to help companies sustain their IT ecosystems through anticipated change. It is also collaborating with other organizations like the National Institute of Standards and Technology on new quantum-resistant IETF X.509 certificate formats," noted Swetha. "Entrust Datacard’s strong market performance and investment in R&D will enable it to expand its business through new solutions as well as continue to deliver exceptional customer experiences."

The Innovation Excellence best practice award is bestowed upon companies that are industry leaders reinventing themselves through R&D investments and innovation.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Contact:

Lindsey Whitaker
P: +1 (210) 477-8457
E: lindsey.whitaker@frost.com

About Entrust Datacard Corporation

Consumers, citizens, and employees increasingly expect anywhere-anytime experiences — whether they are making purchases, crossing borders, accessing e-gov services or logging onto corporate networks. Entrust Datacard offers the trusted identity and secure issuance technologies that make those experiences reliable and secure. Solutions range from the physical world of financial cards, passports and ID cards to the digital realm of authentication, certificates, hardware security modules and secure communications. With more than 2,500 Entrust Datacard colleagues around the world and a network of strong global partners, the company serves customers in 150 countries worldwide. For more information, visit www.entrustdatacard.com.

Entrust Datacard Contact:
Ken Kadet
+1 952.988.1154
Ken.Kadet@entrustdatacard.com

Related Links :

Frost New Home page v2
PR Newswire

Phoenix New Media to Announce Second Quarter 2020 Financial Results on Monday, August 17, 2020

Leave a comment

BEIJING, Aug. 11, 2020 — Phoenix New Media Limited ("Phoenix New Media", "ifeng" or the "Company") (NYSE: FENG), a leading new media company in China, today announced that it will report its second quarter 2020 financial results on Monday, August 17, 2020 after the market closes. The earnings release will be available on ifeng’s investor relations website at http://ir.ifeng.com.

Following the earnings release, ifeng’s management team will hold a conference call on Monday, August 17, 2020 at 9:00 p.m. Eastern Time (or Tuesday, August 18, 2020 at 9:00 a.m. Beijing/Hong Kong time) to discuss the financial results and operating performance.

Due to the outbreak of COVID-19, operator assisted conference calls are not available at the moment. All participants must preregister online prior to the call to receive the dial-in numbers. Preregistration may require a few minutes to complete.

Conference Call Preregistration

Participants can register for the conference call by navigating to http://apac.directeventreg.com/registration/event/1199777. Once preregistration has been complete, participants will receive dial-in numbers, Direct Event Passcode, and registrant ID by email.

Please dial in 10 minutes prior to the call, using the participant dial-in numbers, Direct Event Passcode and unique registrant ID which would be provided upon registering. You will be automatically linked to the live call after completion of this process.

A replay of the call will be available through August 25, 2020 by dialing the following numbers:

International:

+61 2 8199 0299

Mainland China:

4006322162

Hong Kong:

+852 30512780

United States:

+1 646 254 3697

Conference ID:  

1199777

A live and archived webcast of the conference call will also be available on the Company’s investor relations website at http://ir.ifeng.com.

About Phoenix New Media Limited

Phoenix New Media Limited (NYSE: FENG) is a leading new media company providing premium content on an integrated Internet platform, including PC and mobile, in China. Having originated from a leading global Chinese language TV network based in Hong Kong, Phoenix TV, the Company enables consumers to access professional news and other quality information and share user-generated content on the Internet through their PCs and mobile devices. Phoenix New Media’s platform includes its PC channel, consisting of ifeng.com website, which comprises interest-based verticals and interactive services; its mobile channel, consisting of mobile news applications, mobile video application and mobile Internet website; and its operations with the telecom operators that provides mobile value-added services.

For investor and media inquiries please contact

Phoenix New Media Limited
Qing Liu
Email: investorrelations@ifeng.com

ICR, Inc.
Jack Wang
Tel: +1 (646) 405-4883
Email: investorrelations@ifeng.com

 

Related Links :

http://ifeng.com

PR Newswire

ChipMOS REPORTS SECOND QUARTER 2020 RESULTS

Leave a comment
  • Revenue Increases 10.7% in 2Q20 Compared to 2Q19
  • Gross Profit Increases 34.1% in 2Q20 Compared to 2Q19
  • Net Debt Reduced by US$49.9 Million to US$144.1 Million in 2Q20, with a US$189.3 Million Balance of Retained Cash and Cash Equivalents
  • Distributed Cash Dividend of NT$1.8 Per Common Share on July 31, 2020 and US$1.227 Per ADS on August 7, 2020

HSINCHU, Aug. 11, 2020 /PRNewswire-FirstCall/ — ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported consolidated financial results for the second quarter ended June 30, 2020. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$29.44 against US$1.00 as of June 30, 2020.

All the figures were prepared in accordance with Taiwan-International Financial Reporting Standards ("Taiwan-IFRS").

Revenue for the second quarter of 2020 was NT$5,428.1 million or US$184.4 million, a decrease of 2.8% from NT$5,586.8 million or US$189.8 million in the first quarter of 2020 and an increase of 10.7% from NT$4,905.3 million or US$166.6 million for the same period in 2019. The second quarter of 2020 revenue level represents a six-year high for the Company.  

Net profit attributable to equity holders of the Company for the second quarter of 2020 was NT$544.9 million or US$18.5 million, and NT$0.75 or US$0.025 per basic common share, as compared to NT$712.7 million or US$24.2 million, and NT$0.98 or US$0.033 per basic common share in the first quarter of 2020, and NT$1,274.6 million or US$43.3 million, and NT$1.75 or US$0.06 per basic common share in the second quarter of 2019.  Net earnings for the second quarter of 2020 were US$0.51 per basic ADS, compared to US$0.67 per basic ADS for the first quarter of 2020 and US$1.19 per basic ADS in the second quarter of 2019. 

As of June 30, 2020, the Company’s retained balance of cash and cash equivalents was US$189.3 million, after the US$49.9 million reduction in its net debt during the second quarter 2020 to US$144.1 million.  The Company distributed a cash dividend of NT$1.8 per common share on July 31, 2020 and US$1.227 per ADS on August 7, 2020 or approximately US$0.949 per ADS after the Taiwan withholding tax and Citibank, N.A.’s depositary fees.

Second Quarter 2020 Investor Conference Call / Webcast Details

  1. Date: Tuesday, August 11, 2020
    Time: 4:00PM Taiwan (4:00AM New York)
    Dial-In: +886-2-21928016
    Password: 166416 #
    Webcast of Live Call and Replay: http://wms.gridow.com/ir/chipmos/chipmos_2020Q2_ch.html Replay Starting 2 Hours After Live Call Ends
    Language: Mandarin
  2. Date: Tuesday, August 11, 2020
    Time: 8:00PM Taiwan (8:00AM New York)
    Dial-In: +1-201-689-8562
    Password: 13706850
    Replay Starting 2 Hours After Live Call Ends: +1-412-317-6671, with ID 13706850
    Webcast of Live Call and Replay: http://wms.gridow.com/ir/chipmos/chipmos_2020Q2_en.html  
    Language: English

About ChipMOS TECHNOLOGIES INC.:

ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS) (https://www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS provide assembly and test services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries.

Forward-Looking Statements

This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes,’ ‘expects,’ ‘anticipates,’ ‘projects,’ ‘intends,’ ‘should,’ ‘seeks,’ ‘estimates,’ ‘future’ or similar expressions or by discussion of, among other things, strategy, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors, including the potential impact of COVID-19. Further information regarding these risks, uncertainties and other factors are included in the Company’s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") and in the Company’s other filings with the SEC.

Contacts:

In Taiwan

Jesse Huang

ChipMOS TECHNOLOGIES INC.

+886-6-5052388 ext. 7715

IR@chipmos.com

 

In the U.S.

David Pasquale

Global IR Partners

+1-914-337-8801

dpasquale@globalirpartners.com 
PR Newswire

Customer personal information is the number one data protection priority in Taiwan reports nCipher

Leave a comment

Organizations racing to protect sensitive data as it proliferates across cloud, IoT devices and 5G networks

TAIPEI, Aug. 11, 2020 — The adoption of digital initiatives such as cloud, IoT and 5G networks is growing rapidly as the world adjusts to a "new work-from-home normal" amid the COVID-19 pandemic — with Taiwan being no exception. This brings even more attention to data protection and encryption strategies, with the protection of customer information the number one priority according to the 2020 Taiwan Encryption Trends Study published today by nCipher Security, an Entrust Datacard company and world leader in hardware security modules (HSMs), based on research by the Ponemon Institute.

The customer is king, but so too is intellectual property

Organizations in Taiwan have adopted enterprise encryption at a similar rate to their global counterparts: 46% have consistently applied an encryption plan/strategy, only slightly below the global average of 48%.

Protecting customer personal information is the major driver behind encryption adoption for respondents in Taiwan (62%), 8% higher than the global average. Following a close second is the protection of intellectual property (57%), well above the global average (52%). This is not surprising given the emphasis on intellectual property across the Taiwan market.

Data discovery the number one challenge

With the proliferation of data from digital initiatives, cloud use, mobility, IoT devices and 5G networks, data discovery is the biggest challenge in planning and executing a data encryption strategy, with 58% of respondents citing this as their top concern, 9% below the global average. Organizations in Taiwan also rate the challenge of initially deploying encryption technology lower than any other region, 31% vs. 44% globally.

On the other hand, respondents report greater difficulties in data classification (43%) and user training (23%), which are 12% and 9% above global averages respectively.

Trust, integrity, control

The use of hardware security modules (HSMs) to provide higher levels of trust, integrity and control for both data and applications stands at 39% for respondents in Taiwan. Most respondents (61%) say that HSMs are important as part of their organization’s encryption or key management activities, with the most prevalent use cases being application level encryption (42%) and encrypting data in the cloud.

The race to the cloud

Cloud is extremely popular in the region, with 86% of respondents reporting that they transfer sensitive data to the cloud, or plan to do so within the next 12 to 24 months. Nearly every responding organization (99%) rates support for both cloud and on-premise deployment from their encryption solutions as being important, significantly higher than the global average of 67%.

Organizations in Taiwan are also deploying HSMs for cloud use cases at much higher rates than many other regions, including the ownership and operation of HSMs to generate and manage Bring Your Own Key (BYOK) and integration with a Cloud Access Security Broker (CASB) to manage keys and cryptographic operations. Taiwan also has the highest planned increase in the use of HSMs in conjunction with public cloud-based applications over the next 12 months.

Looking ahead — blockchain, quantum and adoption of new encryption technologies

While the surge in remote working has increased the risk of data exposure, how are organizations looking ahead? In the near term, 65% of responding organizations plan to use blockchain, with asset transaction, identity, supply chain and smart contracts cited as the top use cases.

Other much-hyped technologies are not on Taiwan IT organizations’ near-term radar. Most IT professionals see the mainstream adoption of multi-party computation at least six years away, with mainstream adoption of homomorphic encryption nearly seven years away, and quantum resistant algorithms eight years out, all of which are in line with global trends.

"Consumers expect brands to protect their data from breaches and always have their best interests at heart. Our survey found that IT leaders take this trust very seriously, and often place protection of consumer data as a top priority when pursuing encryption growth," says Dr Larry Ponemon, chairman and founder of Ponemon Institute. "Encryption use is at an all-time high right now, with 46% of respondents from Taiwan this year saying their organization has an encryption plan that is applied consistently across the entire enterprise, with a further 36% saying they have a basic plan or strategy applied to certain applications and data types."

"With ongoing digitalization, organizations are under relentless pressure to deliver high security, seamless access to protect customer data and business information, while ensuring reliable business continuity. The 2020 Taiwan Encryption Trends Study highlights how critical security and identity have become for organizations and individuals both in the workplace and at home," said Percy Tu, sales manager, Taiwan, nCipher Security. "nCipher empowers customers by providing a high assurance security foundation that ensures the integrity and trustworthiness of their data, applications and intellectual property."

Other key findings from the Taiwan Encryption Trends Study include:

  • Employee mistakes (58%) pose the greatest threat to data exposure, followed by temporary or contract workers (33%) and third-party service providers (27%). Conversely, hackers are seen as the lowest threat in Taiwan (17%, compared to 29% globally)
  • Encryption is deployed at higher rates than global averages for database use cases (69%), cloud gateways (49%) and private cloud infrastructure (46%)
  • Taiwan companies find encryption key management challenging to adopt (59%), with inadequate tools (54%), isolated and fragmented systems (49%) and lack of skilled personnel (49%) being the major reasons behind this

Download the 2020 Taiwan Encryption Trends Study

2020 Taiwan Encryption Trends Study methodology

The 2020 Taiwan Encryption Trends Study surveyed 302 IT professionals in Taiwan and is part of a larger global study, based on research by the Ponemon Institute. The report captures how organizations around the world are dealing with compliance, increased threats, and the implementation of encryption to protect their business-critical information and applications.

6,457 IT professionals were surveyed across multiple industry sectors in 17 countries/regions: Australia, Brazil, France, Germany, India, Japan, Hong Kong, Mexico, the Middle East (which is a combination of respondents located in Saudi Arabia and the United Arab Emirates), the Russian Federation, Southeast Asia (Indonesia, Malaysia, Philippines, Thailand, and Vietnam), South Korea, Taiwan, the United Kingdom, the United States and two new regions for the first time, Netherlands and Sweden.

Percy Tu, sales manager, Taiwan, nCipher Security
Percy Tu, sales manager, Taiwan, nCipher Security

Percy Tu, sales manager, Taiwan, nCipher Security (Click here to download high-resolution image)

About nCipher Security

nCipher Security, an Entrust Datacard company, is a leader in the general-purpose hardware security module (HSM) market, empowering world-leading organizations by delivering trust, integrity and control to their business-critical information and applications. Today’s fast-moving digital environment enhances customer satisfaction, gives competitive advantage and improves operational efficiency — it also multiplies the security risks. Our cryptographic solutions secure emerging technologies such as cloud, IoT, blockchain, and digital payments and help meet new compliance mandates. We do this using our same proven technology that global organizations depend on today to protect against threats to their sensitive data, network communications and enterprise infrastructure. We deliver trust for your business-critical applications, ensure the integrity of your data and put you in complete control — today, tomorrow, always. www.ncipher.com

Follow us on LinkedIn, Twitter, Facebook and Instagram — search nCipherSecurity.

Photo – https://photos.prnasia.com/prnh/20200810/2880970-1?lang=0
Logo – https://photos.prnasia.com/prnh/20200810/2880970-1logo?lang=0

Related Links :

http://www.ncipher.com