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PR Newswire

Salisbury BKT Securities replaces Bloomberg SSEOMS with Itiviti’s OMS solution

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MANILA, Philippines, Sept. 15, 2020 — Itiviti, a leading technology, and service provider of electronic trading and connectivity solutions to financial institutions worldwide, today announced that Salisbury BKT Securities Corporation (Salisbury Securities), an institutional Philippine stockbroker has deployed Itiviti’s OMS solution to replace Bloomberg’s SSEOMS platform.

The Itiviti solution includes a powerful order management system, native exchange connectivity, and highly advanced pre-trade risk and monitoring components, which allows Salisbury Securities to manage and execute interbank and institutional clients’ orders across CARE and DMA. The Itiviti team has worked closely with Salisbury Securities to ensure a smooth and seamless OMS migration.

Simon Bailey, MD, Salisbury Securities commented: "After thoroughly evaluating several leading OMS in the market, Salisbury Securities selected Itiviti because of its easy-to-use front end, advanced functionalities and highly flexible and modern architecture. Itiviti’s solution significantly enhances efficiency and execution quality in our trading operations, and further automates our high and low-touch trading workflows."

Ofir Gefen, Head of APAC, Itiviti commented: "Salisbury Securities’ choice is a testimony of Itiviti’s strong value-add in the OMS space. We are thrilled to work with Salisbury Securities to expand our footprint in the Philippines, and support customers with proven trading technology. We are sure Salisbury Securities will keep growing their market share with our advanced execution technology." 

Itiviti’s platform enables access to its extensive global community of buy-sides and sell-sides via the NYFIX network, coupled together with a best-in-class OMS, to ensure efficient client onboarding, fast and reliable execution, risk management, and low-latency routing to any execution venue or trading counterparty, while its post-trade stack allows STP, custom reporting to clients, and regulatory compliance.

About Salisbury BKT Securities Corporation 

Salisbury BKT Securities is a Philippine stockbroking firm based in the Taguig Central Business district of Manila.

Salisbury BKT Securities bridges the gap between international and domestic Institutional investors. Independence is our strength.

We are afforded the luxury of objectivity by remaining independent of mainstream international investment banking.We maintain affiliation with international partners to ensure our global reach.We offers international and domestic institutions and HNW private client stockbroking in the Philippines.We offer advisory, dealing, institutional electronic trading, wealth management and tailored research capabilities and leverage on our experience in international Asian investment banking. 

About Itiviti

Itiviti enables financial institutions worldwide to transform their trading and capture tomorrow. With innovative technology, deep expertise and a dedication to service, we help customers seize market opportunities and guide them through regulatory change.

Top-tier banks, brokers, trading firms and institutional investors rely on Itiviti’s solutions to service their clients, connect to markets, trade smarter in all asset classes by consolidating trading platforms and leverage automation to move faster.

A global technology and service provider, we offer the most innovative, consistent and reliable connectivity and trading solutions available.

With presence in all major financial centers and serving around 2,000 clients in over 50 countries, Itiviti delivers on a global scale.

For more information, please visit www.itiviti.com.

Itiviti is owned by Nordic Capital.

For further information, please contact:

Ofir Gefen
Head of APAC, Itiviti
Tel: +852-2167-1950
Email: ofir.gefen@itiviti.com  

Agnes Wong
Head of Marketing & Communications, APAC, Itiviti,
Tel: +852-2167-1986
Email: agnes.wong@itiviti.com

Simon Bailey
MD, Salisbury BKT Securities Corporatio
Email s.bailey@salisburybkt.com

Nanette Pablo
COO, Salisbury BKT Securities Corporation
Tel: +632-82499414
Email: n.pablo@salisburybkt.com  

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/itiviti-group-ab/r/salisbury-bkt-securities-replaces-bloomberg-sseoms-with-itiviti-s-oms-solution,c3193785

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PR Newswire

ASTRI and the University of Hong Kong to nurture FinTech talent of the future

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HONG KONG, Sept. 15, 2020 — The Hong Kong Applied Science and Technology Research Institute (ASTRI) has today signed a Memorandum of Understanding (MOU) with the University of Hong Kong (HKU), a commitment to nurturing the talent of tomorrow and creating the FinTech expertise of the future.

(From Left) Professor Mr S M Yiu, Dr KP Chow, Professor T W Lam and Professor Christopher Chao of The University of Hong Kong, the Commissioner of Innovation and Technology Ms Rebecca Pun, JP, and ASTRI’s CEO Mr Hugh Chow, CTO Dr Lucas Hui and COO Dr Martin Szeto at the signing of the Work-Study Scheme agreement.
(From Left) Professor Mr S M Yiu, Dr KP Chow, Professor T W Lam and Professor Christopher Chao of The University of Hong Kong, the Commissioner of Innovation and Technology Ms Rebecca Pun, JP, and ASTRI’s CEO Mr Hugh Chow, CTO Dr Lucas Hui and COO Dr Martin Szeto at the signing of the Work-Study Scheme agreement.

 

(Left) Professor Christopher Chao, Dean of Engineering of The University of Hong Kong, and Mr Hugh Chow, CEO of ASTRI, sign an agreement to launch the Work-Study Scheme, witnessed by Commissioner of Innovation and Technology Ms Rebecca Pun, JP.
(Left) Professor Christopher Chao, Dean of Engineering of The University of Hong Kong, and Mr Hugh Chow, CEO of ASTRI, sign an agreement to launch the Work-Study Scheme, witnessed by Commissioner of Innovation and Technology Ms Rebecca Pun, JP.

 

(Left) Professor Christopher Chao, Dean of Engineering of The University of Hong Kong, and Mr Hugh Chow, CEO of ASTRI, sign an agreement to launch the Work-Study Scheme, witnessed by Commissioner of Innovation and Technology Ms Rebecca Pun, JP.
(Left) Professor Christopher Chao, Dean of Engineering of The University of Hong Kong, and Mr Hugh Chow, CEO of ASTRI, sign an agreement to launch the Work-Study Scheme, witnessed by Commissioner of Innovation and Technology Ms Rebecca Pun, JP.

The agreement will see both parties develop the Technology Oriented Practitioner (TOP) programme, a Work-Study Scheme for first-year students enrolled on the MSc programme in FinTech and Data Analytics at HKU, with ASTRI providing paid full-time employment for up to 30 students for a nine-month period and assigning them to one of ASTRI’s many ongoing FinTech projects, such as a smart credit assessment that helps SMEs secure loans or an AI-driven data analytics platform that empowers more effective risk management, keeping our society safer and smarter.

The Commissioner for Innovation and Technology Rebecca Pun Ting-ting JP witnessed the signing ceremony at the University of Hong Kong.

Hugh Chow, Chief Executive Officer of ASTRI, said: "We are fully committed to building a bridge of talent between academia and the industry and we are thrilled to be offering this opportunity to future talent in Hong Kong to gain invaluable work experience at such a crucial part of their studies.

"Being a world-leader in FinTech is vital to Hong Kong’s future success and a crucial aspect of the role we will play in the Greater Bay Area, making the most of our city’s unique advantages. We are therefore thrilled to be making such an important contribution to the development of future talent," he added.

Professor Christopher Chao, Dean of HKU Engineering said: "FinTech is one of the fastest growing areas in business today. Our Department of Computer Science had recently launched a Bachelor’s degree in Financial Technology [(BASc (FinTech)] and a brand-new interdisciplinary Master’s degree in Financial Technology and Data Analytics for 2021 which aim at nurturing financial technologists and entrepreneurs with essential knowledge in both finance and technology. Through the Work-Study Scheme, our students can gain practical experience and get prepared to contribute to the development of the FinTech industry in Hong Kong and in the region."

The TOP programme is among ASTRI’s many commitments to developing talent in the I&T sector, particularly FinTech. Working with the Hong Kong Monetary Authority, ASTRI launched the FinTech Career Accelerator Scheme in 2016, aiming to cultivate the future talent necessary to sustain Hong Kong’s banking, finance and business services, as well as preserving our city’s competitiveness as an international finance hub. Students receive an internship at financial institutions or technology companies and in the past four years, more than 500 have taken part. This year, the HKMA received more than 1,400 applications, nearly twice as many as last year.

The ASTRI University Advisory Council (AUAC) has partnered with top universities in Hong Kong to harness knowledge and nurture talent through strategic collaboration with students, providing them with hands-on experience.

Earlier this month, ASTRI launched its Graduate Programme 2020, providing full-time employment to graduates and an opportunity to work closely with its award-winning researchers. ASTRI also offers a three-month blockchain accelerator programme, in partnership with the Hong Kong Science and Technology Park and Molecular Hub, as well as summer internships, which took in 42 students from 15 universities across the world in 2020.

About ASTRI

The Hong Kong Applied Science and Technology Research Institute (ASTRI) was founded by the Government of the Hong Kong Special Administrative Region in 2000 with the mission of enhancing Hong Kong’s competitiveness in technology-based industries through applied research. ASTRI’s core R&D competence in various areas is grouped under five Technology Divisions: Artificial Intelligence and Big Data Analytics; Communications; Cybersecurity, Cryptography and Trusted Technologies; Integrated Circuits and Systems; and IoT and Sensors. It is applied across five cores areas which are Smart City, Financial Technologies, Intelligent Manufacturing, Health Technologies, and Application Specific Integrated Circuits.

Over the years, ASTRI has nurtured a pool of research, I&T talents and received numerous international awards for its pioneering innovations as well as outstanding business and community contributions. To date, ASTRI has transferred more than 750 technologies to the industries and owns more than 850 patents in the Mainland, the US and other countries.

For further information, please visit www.astri.org.

About HKU Faculty of Engineering

The Faculty of Engineering is one of the founding Faculties of The University of Hong Kong established in 1912. Since its foundation, the Faculty has kept pace with developments in the engineering world and is always at the forefront of engineering research, evolving into one of the largest Faculties at the University with five departments providing undergraduate, postgraduate and research degrees in a wide range of important fields of modern engineering, technology and computer science. The Faculty aims at providing an all-round education for students, equipping graduates not only with knowledge of cutting-edge technology, but also excellent communication and social skills, an innovation mindset, a lifelong learning attitude, professional integrity and international exposure.

For more information, please visit https://engg.hku.hk.

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Innovative Use of FICO Decision Management Technology Sees World’s Biggest Bank Win Prestigious Award

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China’s ICBC collects credit risk technology implementation award from Asian Banker in 2020

BEIJING, Sept. 15, 2020 —

Highlights:

  • ICBC Credit Card Centre has been recognized for its credit risk technology implementation with a prestigious award from The Asian Banker in 2020.
  • Responsive, high-speed iteration of decision management strategies was key to gaining an edge over competitors.
  • As of the end of June 2020, ICBC has issued more than 160 million credit cards.

Industrial and Commercial Bank of China (ICBC), the world’s biggest bank and issuer of credit cards, has seen its innovative and extensive use of FICO decision management technology recognized with the Credit Risk Technology Implementation of the Year Award from The Asian Banker.

For more information:
https://www.fico.com/en/products/fico-blaze-advisor-decision-rules-management-system

The award from Asian Banker is one of the most prestigious in the financial services industry for Asia-Pacific and acknowledges the bank’s industry leadership in the field of risk control.

"ICBC Credit Card has achieved some remarkable results using decision management technology in its business and we are thrilled they have been recognized in this way," said Sandy Wang, managing director of FICO China. "The team at Industrial and Commercial Bank of China has been focused on providing world-class customer-centric solutions for its credit card customers and they continue to be one of our most innovative and advanced clients in terms of their approach to analytics."

As of the end of June 2020, ICBC has issued more than 160 million credit cards and served more than 100 million customers, maintaining its position as the world’s largest credit card issuing bank with the largest number of customers. The bank has over 8 million corporate customers and 650 million consumer customers worldwide.

One of ICBC’s stated aims is to build "China’s No. 1 Credit Card Brand". After launching FICO® Blaze Advisor® decision rules management system, the bank successfully applied the technology to multiple decision-making areas of the credit card center and established a comprehensive intelligent risk control system.

To deliver on the demand for agile deployment of decision management across the business, ICBC Credit Card Center worked closely with FICO’s experts to establish a team to manage the rapid handling of production problems. ICBC also adjusted the development process and innovated a set of efficient working models to promote rapid strategy development as they saw responsive, high-speed iteration and continuous learning as key to gaining an edge on the competition.

"We are very honored to work with ICBC Credit Card and to have played a part in helping them to win this award," concluded Wang. "Decision management is both art and science and the team at ICBC has managed to combine both skills when deploying this technology. FICO’s decision management platform is being widely adopted in the finance industry, especially as banks look to the current and future digital transformation of their business."

About ICBC
Industrial and Commercial Bank of China was established on 1 January 1984. On 28 October 2005, the Bank was wholly restructured to a joint-stock limited company. On 27 October 2006, the Bank was successfully listed on both Shanghai Stock Exchange and The Stock Exchange of Hong Kong Limited. Through its continuous endeavours and stable development, the Bank has developed into the leading bank in the world, possessing an excellent customer base, a diversified business structure, strong innovation capabilities and market competitiveness. The Bank regards service as the very foundation to seek further development and adheres to creating value through services while providing a comprehensive range of financial products and services to 8,098 thousand corporate customers and 650 million personal customers.

About FICO
FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 195 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, manufacturing, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 100 countries do everything from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of airplanes and rental cars are in the right place at the right time. 

Learn more at www.fico.com.

Join the conversation on Twitter at @FICOnews_APAC.

FICO and Blaze Advisor are registered trademarks of Fair Isaac Corporation in the US and other countries.

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PR Newswire

QuantumClean and ChemTrace Show How to Reduce Cost of Ownership at SEMICON Taiwan

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HAYWARD, California, Sept. 15, 2020 — Ultra Clean Holdings, Inc. (Nasdaq: UCTT), today announced that its Service Businesses, QuantumClean and ChemTrace, will demonstrate how their ultra-high purity chamber tool part cleaning, proprietary coatings and micro-contamination analytical testing can help reduce Cost of Ownership (CoO) for wafer fabs and OEMs. QuantumClean and ChemTrace will showcase these solutions at booth I2130 at SEMICON Taiwan 2020 at the Nangang Exhibition Center in Taipei September 23 – 25, 2020.

QuantumClean ChemTrace Logo

"Customers are increasingly recognizing the advantage of our cleaning and analytical technology that optimizes productivity and helps to reduce total CoO throughout the product’s lifecycle," said Bill Bentinck, President, UCT Semiconductor Services Business. "We are excited to demonstrate how our differentiated service offerings can improve operations by solving critical semiconductor process chamber part-related manufacturing challenges at SEMICON Taiwan."

A series of presentations will be offered to IDMs, OEMs, OPMs and foundries on how they may increase productivity and reduce CoO for ALD, CVD, diffusion, etch, ion implant and PVD process tools. Booth staff will show how cleaner chambers start-up quicker, faster part turnaround times reduce inventory, longer MTBCs improve productivity and reduce PM costs, and how less aggressive cleaning methods and recoating can extend part life.

About Ultra Clean Holdings, Inc.

Ultra Clean Holdings, Inc. is a leading developer and supplier of critical subsystems, ultra-high purity cleaning and analytical services primarily for the semiconductor industry. Ultra Clean offers its customers an integrated outsourced solution for major subassemblies, improved design-to-delivery cycle times, design for manufacturability, prototyping and component manufacturing, and tool chamber parts cleaning and coating, as well as microcontamination analytical services. Ultra Clean is headquartered in Hayward, California. Additional information is available at www.uct.com.

Forward-looking Statements

The foregoing information contains, or may be deemed to contain, "forward-looking statements" (as defined in the US Private Securities Litigation Reform Act of 1995) which reflect our current views with respect to future events and financial performance. We use words such as "anticipates," "projection," "outlook," "forecast," "believes," "plan," "may," "expect," "future," "intends," "may," "will," "estimates," "see," "predicts," and similar expressions to identify these forward-looking statements. Forward looking statements included in this press release include our expectations about the contributions of Ms. Seto to our Board of Directors. All forward-looking statements address matters that involve risks and uncertainties. Accordingly, the Company’s actual results may differ materially from the results predicted or implied by these forward-looking statements. These risks, uncertainties and other factors also include, among others, those identified in "Risk Factors," "Management’s Discussion and Analysis of Financial Condition and Results of Operations” and elsewhere in our annual report on Form 10-K for the year ended December 28, 2018 as filed with the Securities and Exchange Commission and subsequently filed quarterly reports on Form 10-Q. Ultra Clean Holdings, Inc. undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise unless required by law.

Contact:

Rhonda Bennetto
Vice President Investor Relations
rbennetto@uct.com

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PR Newswire

Earnd 1.0.0 Achieves SAP Certified Integration with SAP NetWeaver and Earnd.APPtoECC.OnDemandPay 1.0.0 Achieves SAP Certified Integration with Cloud Solutions

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Solution delivers standard, out of the box integration to customers through interoperability with SAP® Solutions

LONDON, Sept. 14, 2020 — Earnd Pty Ltd today announced its Earnd 1.0.0 has achieved SAP certified integration with SAP NetWeaver and Earnd.APPtoECC.OnDemandPay 1.0.0 has achieved SAP certified integration with Cloud Solutions.

The solution has been proven to integrate with SAP® solutions, providing easier implementation for payroll and technology companies. The SAP certified solution includes a pre-built SAP dashboard to see how employees are using the Earnd app, and repayments can be automatically deducted from users’ payroll with no administrative work required.

The SAP Integration and Certification Center (SAP ICC) has certified that the content package Earnd 1.0.0 integrates with SAP NetWeaver and Earnd.APPtoECC.OnDemandPay 1.0.0 integrates with SAP Cloud Platform Integration Suite

"We are extremely pleased to announce the successful launch and SAP certification of our Earnd solutions. This solution will help streamline technical integration, enabling employees to use our on-demand pay solution even quicker than ever," said Josh Vernon, Head of Earnd. "We are excited to provide the thousands of companies using SAP technology with an option to easily integrate into the Earnd platform and begin offering the benefits to their employees," said Maex Ament, Vice Chairman, Product and Technology for Earnd’s parent company, Greensill.

In addition, Earnd continues to participate in the SAP PartnerEdge® program. Through the program, partners work closely with SAP to develop and certify the technical integration of their solutions with SAP software. Integrated partner applications extend, complement and add value to SAP solutions, thereby helping mutual customers more successfully meet business needs and drive strong results.

About Earnd
Our mission is to help people take control of the money they’ve earned.  Earnd is made possible by Greensill, who have been helping small businesses get paid quicker for almost a decade. From London to San Francisco to Sydney, we’re making real-time pay work for real people.

Earnd is a trademark of Greensill.

Any statements in this release that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to various risks and uncertainties described in SAP’s filings with the U.S. Securities and Exchange Commission ("SEC), including its most recent annual report on Form 20-F, that could cause actual results to differ materially from expectations. SAP cautions readers not to place undue reliance on these forward-looking statements which SAP has no obligation to update and which speak only as of their dates.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.

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PR Newswire

Report: U.S. Imports Trending Down 5% but China Recovers and Vietnam Climbs

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Jungle Scout’s Global Imports Report reveals international trade stats from 2015-2020, explores potential impact from COVID-19

AUSTIN, Texas, Sept. 14, 2020 — Today, Jungle Scout, the leading all-in-one platform for selling on Amazon, released a new report exploring the fast-changing landscape of global trade to the United States, and revealing the unprecedented drop in annual U.S. imports for 2020.

The 2020 Global Imports Report explores U.S. maritime import data from 2015-2020 from all countries and across all industries, and highlights major shifts in global leaders and how the international trade landscape has shifted during the COVID-19 pandemic.

Key insights include:

  • U.S. imports are projected to be down 5% for 2020.
    • Although imports to the U.S. have climbed steadily in past years, total 2020 imports are projected to be down 4.8% year-over-year by the end of 2020.
    • 143 countries had reduced exports to the U.S. between the first half of 2019 to the first half of 2020, with an average drop of 21%.
  •  China recovered from its February and March import drops and has dominated in 2020.
    • With 41% of the total share of U.S. imports, China maintains a massive lead on all 200+ countries exporting goods to the U.S. China is also the leader for every product category.
    • China had the most drastic year-over-year reduction in U.S. imports in February and March, but bounced back significantly in April to 40% year-over-year growth. In June, China was the only country to see positive year-over-year growth.
  • Vietnam has climbed the ranks of biggest suppliers to the U.S., rising from #6 in 2015 to in 2020.
    • Vietnam’s total exports to the U.S. are up 72% and its share of U.S. imports increased 65% since 2015. For comparison, nearly all other top-10 U.S. suppliers’ shares dropped in the same time period, with the exception of small increases for China, Belgium, and Thailand.
  • Higher rates of COVID-19 are associated with reduced U.S. imports.
    • China, Vietnam, and Thailand all saw a stark reduction in COVID-19 cases and related deaths in April, May, and/or June, and were simultaneously among the few countries with positive year-over-year import numbers. Comparatively, in India, when COVID-19 cases began rising in March, India’s U.S. imports dropped drastically, and both trends continued through June.
  • Countries that recovered early from 2020’s economic disruption were more likely to "bounce back" — and all are in Asia.
    • During the first half of 2020, only five of 20 countries had net-positive growth over the same period in 2019, and all are in Asia: China, Malaysia, Singapore, Thailand, and Vietnam.
    • Although Vietnam, Malaysia and Singapore saw year-over-year growth of over 100% in February and March, their increases didn’t offset the massive share of imports lost from China during those months.

"Economic disruption is nothing new for 2020, but some of the effects of the year’s turbulence are only just starting to appear," said Greg Mercer, CEO of Jungle Scout. "American small businesses and enterprises alike depend on imports, so it’s critical to keep a close eye on changes in consumer demand and global supply chains to be able to adapt."

About the 2020 Global Imports Report
All data represents United States maritime imports from January 1, 2015, to June 30, 2020 from 237 unique countries. Jungle Scout analyzed more than 63 million maritime U.S. import records, including information on the shipper and shipment, from which country and category are extracted.

About Jungle Scout
Jungle Scout is the leading all-in-one platform for selling on Amazon. Founded in 2015 as the first Amazon product research tool, Jungle Scout today features a full suite of best-in-class business management solutions and powerful market intelligence resources to help entrepreneurs and brands manage their ecommerce businesses. Jungle Scout is headquartered in Austin, Texas and supports nine global Amazon marketplaces. Read more at www.junglescout.com.

Media Contact:
Leslie Termuhlen
press@junglescout.com
PR Strategist
513-600-3353

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Global Import Report 2020
Percent year-over-year change in U.S. imports from China vs. non-China.

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Jungle Scout
Jungle Scout is the leading all-in-one platform for selling on Amazon.

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Hainan free trade port sets benchmark for China’s opening up

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HAIKOU, China, Sept. 14, 2020 — The construction of the Hainan free trade port has picked up steam since Chinese authorities drew up a plan for it three months ago, demonstrating China’s commitment to opening up amid the COVID-19 pandemic.

Aerial photo taken on April 3, 2020 shows a view of Hainan's Boao Lecheng pilot zone of international medical tourism in south China's Hainan Province.
Aerial photo taken on April 3, 2020 shows a view of Hainan’s Boao Lecheng pilot zone of international medical tourism in south China’s Hainan Province.

With supporting policy packages, Hainan is becoming a popular destination for foreign investment and enterprises.

So far, the free trade port has landed a total of 94 major projects including 20 foreign-funded ones, covering sectors such as tourism, modern service and high-tech industries.

"The launch of these projects will bring new growth not only to the free trade port but also to global investors," said Han Shengjian, director of the Hainan International Economic Development Bureau.

On Sept. 3, the last day of a three-day promotional event in a duty-free shop in Hainan’s resort city of Sanya, Chu Yadong scurried back and forth in the shop, picking out skincare products and makeup for his relatives.

From July 1, Hainan has increased its annual tax-free shopping quota from 30,000 yuan (about 4,389 U.S. dollars) to 100,000 yuan per person.

According to official data, sales from four offshore duty-free shops in Hainan topped 5 billion yuan from July 1 to Aug. 18, an increase of 250 percent year on year, with an average daily turnover of over 100 million yuan.

The Boao Lecheng pilot zone of international medical tourism, a platform to explore the country’s development of international medical tourism-related businesses and services, launched a special type of drug insurance on Aug. 2.

It covers 70 anti-cancer drugs from around the globe for 35 common cancers, including 49 that have yet to be approved for sale in the Chinese mainland market. The annual premium for Hainan residents is only 29 yuan per person, while the insurance covers up to 1 million yuan in drug costs.

Yan Lukai, an official with the pilot zone administration, said as an innovation of the free trade port construction, the insurance enables Hainan residents to share the policy dividends.

"Hainan is building a people-centered free trade port, which will not only make Hainan people gain a strong sense of happiness, but also share the development opportunities with people across the country as well as enterprises and skilled workers from all over the world," said Liu Cigui, Party secretary of Hainan.

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Color World Announces Debut of the Color World App After its Online Concert Becomes Part of Music History

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NEW YORK, Sept. 14, 2020 — Color Star Technology Co., Ltd. (Nasdaq CM: HHT) (the "Company", "we" or "HHT") officially broadcasted the Color World Online Concert to audiences around the globe via its official platform "Color World" at 9 pm Eastern Time on September 9th. The Color World Online Concert attracted over half a million viewers from mainland China and all over the world. Global Social media networks reached over 10 million hits.

More than ten international celebrities including Grammy-winning jazz guitarist Larry Carlton, "Pop Music Queen" Na Ying from mainland China, Hong Kong’s legendary singer George Lam, globally-renown pianist Wu Muye, R&B singer-songwriter Ashanti, among others, presented a music feast with remarkable international flavors. Combining showcase performances with proprietary tech tools, the event was equally memorable for moving vocals and masterful instrumentals as well as its sheer technological reach.

While the performers took center stage, investors saw yet another emergence of the future’s star economy of educational and entertaining content-sharing. Color Star is not only in the business of online concert promotions, it is a technology-driven company set to break past the boundaries between celebrity entertainment and online knowledge-sharing.

On its signature platform, Color World, international artists and celebrities have been assembled to produce content that extends beyond a show and more so a variety of courses. More than 40 industry leaders have transitioned from celebrities to celebrity tutors—with the service granting fans access built around mentorship, not just viewership. The courses include music and instruments, film and television, traditional and modern art, and sports, etc.

Through the app, developed by its subsidiary Color China, Color World is targeting a broader international market, having already covered more than 30 cities in 5 countries. With the continuous expansion and enrichment of the celebrity tutor library, the platform looks to become an integral part of the lifestyle and culture of its community—notably at its core is the self-improvement phenomenon that rose out of pandemic lockdowns. Color Star Technologies finds itself in step with users that want to connect with others, particularly those they look up to, while never leaving the comfort and peace of mind found at home.

Chinese Edition released on September 10, 2020

Android: https://www.color-star.cn/wxapp
iOS: https://apps.apple.com/cn/app/colorworld/id1529123508

The Company’s CEO Biao (Luke) Lu commented, "The Color World Online Concert is just a way to let more people know who we are, to introduce them to our entertainment culture sharing platform the ‘Color World’ app. In the future, in addition to online concerts, we will also present more highlights from related fields such as celebrity management, entertainment courses, cultural projects, and industry trends. We plan to cast a larger and larger spotlight. And at each step of the way we look forward to the increased attention."

About Color Star Technology Co., Ltd.

Color Star Technology Co, Ltd. (Nasdaq CM: HHT) offers online and offline innovative knowledge-paid services for music and entertainment industries globally. Its official website is www.colorstarinternational.com. The Company routinely posts important information on its website. Its business operations are conducted through its wholly-owned subsidiaries Color China Entertainment Ltd. and CACM Group NY, Inc. The Company’s online education is provided through its Color World music and entertainment education platform. The Company also offers after-school entertainment tutoring in New York via its joint venture entity Baytao LLC.

Forward-Looking Statements

Certain statements made herein are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "anticipate", "believe", "expect", "estimate", "plan", "outlook", and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include the business plans, objectives, expectations and intentions of the parties following the completion of the acquisition, and HHT’s estimated and future results of operations, business strategies, competitive position, industry environment and potential growth opportunities. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, our actual results may differ materially from our expectations or projections. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: there is uncertainty due to the COVID-19 pandemic and the impact it has had and will continue to have on HHT’s operations, the demand for the HHT’s products and services, global supply chains and economic activity in general. These and other risks and uncertainties are detailed in the other public filings with the Securities and Exchange Commission (the "SEC") by HHT. Additional information concerning these and other factors that may impact our expectations and projections will be found in our periodic filings with the SEC, including our Annual Report on Form 20-F for the fiscal year ended June 30, 2019. HHT’s SEC filings are available publicly on the SEC’s website at www.sec.gov. HHT disclaims any obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise.

Color Star Technology Co., Ltd.
Contact: Investor Relations
FinancialBuzzIR™
info@FinancialBuzzIR.com
Tele: +1-877-601-1879

PR Newswire

Infosys to Acquire GuideVision, a Leading ServiceNow Elite Partner in Europe

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Acquisition to augment Infosys Cobalt portfolio of cloud services and further strengthen nearshore delivery presence in Europe

BENGALURU, India and PRAGUE, Sept. 14, 2020 — Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced a definitive agreement to acquire GuideVision, one of the largest ServiceNow Elite Partners in Europe. GuideVision is an award winning enterprise service management consultancy specialised in offering strategic advisory, consulting, implementations, training and support on the ServiceNow platform.

GuideVision’s end-to-end offerings, including SnowMirror – a proprietary smart data replication tool for ServiceNow instances – enables over 100 enterprise clients to simplify complex business and IT processes. GuideVision’s training academy and nearshore capabilities in Czech Republic, Hungary, Poland, and presence in Germany and Finland will strengthen Infosys’ ServiceNow capabilities for its clients in Europe.

ServiceNow is one of the fastest growing enterprise software companies, and is becoming an ‘essential service’ and workflow standard for organizations. Infosys was recognized by ServiceNow as the 2019 and 2020 ServiceNow Global Service Provider Partner of the Year.

Ravi Kumar, President, Infosys, said, "This acquisition is an important milestone in our journey to build capabilities relevant to the digital priorities of our clients. This move reaffirms our commitment to the growing ServiceNow ecosystem. The combination of scalable and agile nearshore capabilities of GuideVision in Europe,  and their unmatched delivery excellence, complements our own effort to help global enterprises navigate their next. We are excited to welcome GuideVision and its leadership team into the Infosys family."

Narsimha Rao Mannepalli, EVP and Head – Cloud & Infrastructure, Infosys, said, "GuideVision’s addition is another significant step towards strengthening our Infosys Cobalt offerings portfolio, bringing the combination of services, solutions and platforms, that acts as a force multiplier for cloud-powered enterprise transformation. Our recently announced Infosys Cobalt portfolio has a large repository of ServiceNow Industry Cloud solutions like ESM Café, and this will now be bolstered by GuideVision’s SnowMirror suite of Industry templates."

Norbert Nagy, Co-Founder, GuideVision, said, "GuideVision’s exceptionally high customer ratings are the result of our continuous effort to deliver superior consulting and implementation services. Joining Infosys brings an extended portfolio of services we can offer to our customers on their digital transformation journey. The global Infosys footprint is an exciting opportunity for both GuideVision customers and employees."

Pavel Muller, Co-Founder, GuideVision, added, "We are happy to become a part of the Infosys family and we strongly believe that the shared underlying values are a great foundation for our common goals in the future. Our combined expertise will further drive our customers’ digital transformation in the European market."

The acquisition is expected to close during the third quarter of fiscal 2021, subject to customary closing conditions.

ServiceNow, Now Platform and others are among the trademarks of ServiceNow, Inc.

About Guidevision                                                                          

GuideVision is a dynamic and progressive consultancy committed to enabling clients to reimagine and transform their enterprise service management with ServiceNow. GuideVision offers a unique combination of strategic expertise, innovative technological knowledge and agile methodology. Our mission is to make ServiceNow work for you and your goals. www.guidevision.eu

About Infosys

Infosys is a global leader in next-generation digital services and consulting. We enable clients in 46 countries to navigate their digital transformation. With nearly four decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.

Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2020. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

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PR Newswire

Hong Kong’s EXL unveils world’s first virtual coding classroom so programming can be taught online

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CodingRooms.com combines Zoom-like conferencing with a live coding environment in which teachers interact with students in real time

HONG KONG, Sept. 14, 2020 — Award-winning Hong Kong start-up EXL Inc, founded in 2017 after receiving seed funding from local venture capital fund Beyond Ventures, has reinvented the way computer programming is taught remotely, as well as in a conventional classroom.

The developer of intelligent learning technologies has unveiled the groundbreaking CodingRooms.com solution at a time when instructors worldwide have been struggling to teach programming remotely.

The result is the world’s first virtual classroom for teaching programming online and in socially-distanced schools.

Led by 20-year-old CEO and Co-founder Sasha Varlamov, EXL has already signed up more than a dozen top-tier universities, tutorial centers and schools that will now be using CodingRooms.com to teach programming in the 2020-21 academic year.

A single browser-based platform combines chat and direct messaging with Zoom-like video and audio-conferencing, as well as a presentation capability and multiple Google Doc-like interactive coding "notebooks".

CodingRooms.com enables instructors to teach a huge range of programming languages such as Python, C++, Java and JavaScript.

In the course of a typical class session, a teacher can stream and present, while students watch him/her actually coding in real time. Conversely, students have their own individual notebooks that the teacher can see and interact with. The entire class session is video recorded for later reference from the cloud, and can also be stored in a saved state.

A unified instructor dashboard can accommodate up to 500 students in a live class and enables a teacher to see every student’s code, answer questions and take control of each integrated development environment (IDE) – and all in real time. An IDE is an application that provides computer programmers with comprehensive facilities for software development. The CodingRooms.com IDE, however, has the intelligence to offer suggestions, while checking errors and documentation.

Sasha Varlamov said: "We hold years of experience in developing intelligent tools for computer science education, and now look forward to ushering CodingRooms.com into every programming classroom around the world. It wasn’t until COVID-19 hit that we, as educators, fully realised the challenge of teaching online, but the results of our efforts are now giving rise to new opportunities. For example, CodingRooms.com is being integrated into the new standard pedagogy as an enabling facility likely to endure long beyond the pandemic crisis."

He added: "As well as disrupting today’s economy, COVID-19 is changing the entire framework in which we will build the economy of the future. I’m talking about a future in which software and technologies such as artificial intelligence will dominate the global economy. In this regard, coding is becoming the new literacy, so I believe work being done today at EXL will become a foundational aspect of the educational experience of the future."

Aimed at university professors, lecturers, teachers and individuals engaged in teaching programming or computer science, CodingRooms.com is offered at US$49.99 per month for virtual classes involving up to 50 students, and US$199.99 per month for up to 500 students.

Since its inception in 2017, EXL’s vision has been to provide teachers with the most advanced tools to help students learn effectively and efficiently. The company won honours in the ATEC Startup Competition at last year’s Asia Technology Entrepreneurship Conference (ATEC), an entrepreneurship event organized by the Hong Kong alumni associations of Harvard, Columbia and MIT, as well as the South China alumni association of Stanford.

About EXL Inc

EXL Inc is a venture-backed EdTech start-up that aims to be the go-to platform for computer science and programming teachers and students. Since inception in 2017, our vision has been to provide teachers with the most advanced tools to help students learn most effectively and efficiently. Our team is laser-focused on delivering the most efficient, valuable and engaging learner experience possible, while maintaining a degree of scalability. The EXL Inc product roadmap religiously adheres to these principles, while facilitating interaction and adding functionality to increase engagement. For more information on EXL Inc and CodingRooms, please visit www.exlskills.com and www.CodingRooms.com respectively.

Related Links :

http://www.exlskills.com