Category Archives: PR Newswire

PR Newswire

Crypto.com Completes Key Exchange Infrastructure Upgrades

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Delivers 10x performance with the new Matching Engine, paving the way for margin and derivative features rollout

HONG KONG, June 18, 2020 — Crypto.com today announced it has rolled out significant infrastructure upgrades to its Exchange, including a revamped Matching Engine, OMS (Order Management System), and unified REST and Websocket API. The revamp will lead to a 10x increase in performance and throughput, paving the way for an aggressive product roadmap for the rest of 2020, which includes the launch of margin and derivatives trading.

Crypto.com completes key exchange infrastructure upgrades, announces new promotional incentives for users.
Crypto.com completes key exchange infrastructure upgrades, announces new promotional incentives for users.

The Crypto.com Exchange launched in Beta last November, which has been one of the key drivers of the company’s rapid overall growth in the past six months, as traders increasingly turn towards cryptocurrencies amidst broader market uncertainties. The new infrastructure significantly improves the overall performance, including:

  • Revamped Matching Engine, Order Management System leading to a 10x increase in performance and throughput
  • Unified REST and Websocket API providing ease of adoption for both API platforms, with Websockets allowing clients to create a persistent connection to place orders and trades for high-frequency trading
  • Redesigned architecture, improving scalability, security and latency, which paves the way for a powerful and robust risk engine and high leverage margin and derivatives trading
  • Addition of high-availability and resilience to every component, increasing stability and eliminating single points of failure

Kris Marszalek, Co-founder and CEO of Crypto.com said: “We launched the Crypto.com Exchange last Fall with a goal of creating a trading platform so secure, liquid and user-friendly that it becomes a natural choice for both institutional and retail customers. We have already seen tremendous traction in the first six months of Beta and will continue rapidly improving our offering to drive continued growth.’

Crypto.com also announced promotional incentives on the Exchange including:

  • 0% trading fee for the first 90 days for new users (new)
  • Up to 50% trading fee reduction on all trades for existing users (new)
  • 2% bonus deposit interest rate, applicable to all deposits made to the exchange wallet in the first 30 days after the successful sign-up
  • A Special Syndicate BTC 50% off event celebrating Crypto.com’s fourth anniversary on June 30

The Crypto.com Exchange is powered by the CRO token and features deep liquidity, low fees and best execution prices. It offers traders what’s lacking in the market: competitive pricing, seamless connectivity with the Crypto.com App to access the full suite of crypto offerings from Earn, Credit to Payment and the confidence they are trading with one of the most trusted brands in crypto. The Exchange will see ambitious enhancements throughout the remainder of 2020, including launching margin and derivative trading, lending, localized product and support in multiple languages as well as a revamped rewards program.

Crypto.com’s “Defense in Depth” approach ensures maximum levels of security and privacy across the entire ecosystem, giving users and trades the peace of mind their assets and data is protected. Crypto.com holds $360M in insurance coverage, and recently became the first crypto company to achieve ISO/IEC 27701:2019 certification for privacy.

About Crypto.com

Crypto.com was founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. With over 2 million users on its platform today, Crypto.com provides a powerful alternative to traditional financial services, turning its vision of “cryptocurrency in every wallet” into reality, one customer at a time. Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance. Crypto.com is headquartered in Hong Kong with a 350+ strong team. Find out more by visiting https://crypto.com.

0% trading fee for the first 90 days for new users.
0% trading fee for the first 90 days for new users.
Up to 50% trading fee reduction on all trades for existing users.
Up to 50% trading fee reduction on all trades for existing users.

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Related Links :

https://crypto.com

PR Newswire

iQIYI Debuts Suspense Drama List for ‘Mist Theater’

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“The Bad Kids”, an iQIYI original production on the list, perceived as this year’s most critically acclaimed Chinese online drama

BEIJING, June 18, 2020 — iQIYI Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, recently released the content list for its Mist Theater, a content category dedicated to domestically produced suspense dramas. The six distinctive short dramas released as part of the new library will broaden the creative approaches of Chinese suspense drama productions and refresh the storytelling style of the genre. The launch of new category also underscores iQIYI’s strengths and advantages in creating original suspense dramas.

iQIYI Debuts Suspense Drama List for ‘Mist Theater’
iQIYI Debuts Suspense Drama List for ‘Mist Theater’

Among the six dramas, Kidnapping Game, The Long Night, The Bad Kids and Wisher, were adapted from well-known suspense novels by authors such as Japan’s Keigo Higashino and China’s Zi Jinchen and Na Duo. iQIYI collaborated with Wuyuan Culture, Eternity Pictures and other first-class studios to produce high-quality content throughout the entire production process of scripting, filming, editing and production. The star-studded iQIYI productions cast features dozens of renowned domestic actors and major crowd-pullers such as Liao Fan, Qin Hao, Wang Jingchun Wang Qianyuan and Zhu Yawen. The Bad Kids boasted a score of 9.0 out of 10 on Douban, a popular Chinese website providing user reviews and recommendations for movies, TV series, books, etc., within 18 hours after its release. To date, its score has reached 9.2, becoming the online Chinese drama with highest score so far this year.

Since the debut of the Youth Theater and Mystery & Suspense Theater categories in 2018, iQIYI has pioneered the building of dedicated category-based communities online by bringing together like-minded users who are fans of same content genre through content and interactive features. The launch of the Mist Theater, which upgrades the platform’s previous offerings, is a crossover creation of iQIYI’s dual focus on genre-oriented theater-like operation and short drama series creation.

The Mist Theater builds on the Mystery & Suspense Theater, transforming the channel from a content categorization-based model into a comprehensive theater model that boasts multiple features, including drama production, content scheduling, user service, paid subscription and business cooperation.

Following the launch of Mist Theater, iQIYI has partnered with KFC to run a co-branding marketing campaign that will provide with 10 million cups of KFC’s K COFFEEs that each contain hidden clues to the mysteries of the dramas. These clues entail 18 items that drive the plot development of six dramas, such as the butterfly tattoo from Kidnapping Game and white sneakers from The Bad Kids. In addition, it also provides iQIYI’s VIP members with limited cups of free KFC K COFFEEs as well as nearly 1 million K COFFEE coupons. Under the campaign, iQIYI VIP members who purchase any product from KFC’s ground coffee selection online will be given the early on-demand pass for dramas from the Mist Theater library. By promoting the Mist Theater, KFC is also increasing its brand awareness and sales through acknowledgement posts and pause advertisements.

This innovative co-branding marketing campaign follows several collaborations between iQIYI and KFC. As innovative pioneers in the respective fields of video entertainment and food and beverage with a large base of young users, iQIYI has cooperated with KFC many times in terms of member services and exclusive set meals. iQIYI and KFC previously collaborated in 2017 to release set meals that were based on the iQIYI IP-based drama series Legend of Zu Mountain 2, ushering in a wave of co-branding marketing between entertainment IP and dining scenarios in China. In 2019, two companies collaborated to launch the "iQIYI VIP Products Day". Under the collaboration, iQIYI VIP members were able to enjoy a wide selection of KFC’s coffee, afternoon tea products for a discounted price. A series of cooperation between iQIYI and KFC proves that dining integrated with entertainment is able to create interesting cross-branding marketing campaigns and offer value-added benefits for its members and customers.

Related Links :

http://www.iqiyi.com

PR Newswire

Elliptic Awarded ‘Technology Pioneer’ by World Economic Forum for its Work on Fighting Financial Crime in Crypto

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  • The World Economic Forum announced its selection of 100 of the most promising Technology Pioneers of 2020, who are shaping the future of financial and monetary systems, economic independence, and digital economies while also working on broader sustainability issues.
  • Elliptic made it to the selection for its contributions in the field of fighting financial crime and anti-money laundering detection in crypto markets.
  • Elliptic has been a key commentator on how darknet markets are exploiting the coronavirus pandemic
  • The full list of recognized Technology Pioneers can be viewed here.

LONDON and NEW YORK, June 18, 2020 — Elliptic, a leading provider of crypto risk monitoring solutions, was selected among hundreds of candidates as one of the World Economic Forum’s "Technology Pioneers". Since 2013 when Elliptic was founded, it has set an uncompromising global standard for crypto compliance which is recognised by regulators, crypto businesses, and financial institutions alike.

The World Economic Forum’s Technology Pioneers are early to growth-stage companies from around the world that are involved in the design, development and deployment of new technologies and innovations, and are poised to have a significant impact on business and society. Technology Pioneers community is an integral part of the larger Global Innovators community of start-ups at the World Economic Forum.

Following its selection as Technology Pioneer, CEO Simone Maini of Elliptic will be invited to participate at World Economic Forum activities, events and discussions throughout the year. Elliptic will also contribute to Forum initiatives over the next two years, working with policymakers and private sector leaders to help define the global agenda on key issues in financial access and inclusion through the blockchain.

"We’re excited to welcome Elliptic to our 20th cohort of Technology Pioneers," says Susan Nesbitt, Head of the Global Innovators Community, World Economic Forum. "Elliptic and its fellow pioneers are developing cutting edge technologies all over the world. Beyond their innovations, these firms are contributing greatly to improving the state of the world."

"It’s an honour for Elliptic to be acknowledged as a pioneer by the World Economic Forum", said CEO Simone Maini. "The Elliptic team strives to find innovative solutions to eliminate the problem of financial crime in crypto, and this is validation that our efforts are having a positive real world impact.Working with crypto businesses, fin-techs and traditional financial institutions the world over, we are helping to make an open financial system enabled by cryptoassets a reality, and one that is safe to use by all. We look forward to contributing to the Forum dialogues on this challenge."

This year’s cohort selection marks the 20th anniversary of the Tech Pioneers community. Throughout its 20-year run, many Technology Pioneers have continuously contributed to advancement in their industries while some have even gone on to become household names. Past recipients include Airbnb, Google, Kickstarter, Mozilla, Palantir Technologies, Spotify, TransferWise, Twitter and Wikimedia.

2020 Tech Pioneer firms are shaping the future by advancing technologies such as AI, IoT, robotics, blockchain, biotechnology and many more. The diversity of these companies extends to their leadership as well, as over 25% of 2020 Tech Pioneers are female led. The firms also come from regions all around the world, extending their community far beyond Silicon Valley. The full list of Technology Pioneers can be found here.

Technology Pioneers have been selected based on the community’s selection criteria, which includes innovation, impact and leadership as well as the company’s relevance with the World Economic Forum’s Platforms.

All info on this year’s Technology Pioneers can be found here: http://wef.ch/techpioneers20 More information on past winners, information on the community and the application link can be found here.

Press contact
Meredith Odgers
press@elliptic.co

About Elliptic: Elliptic is the global leader in crypto-asset risk management solutions for crypto businesses and financial institutions worldwide. Backed by investors including Wells Fargo Strategic Capital, SBI Group, and Santander Innoventures, Elliptic has assessed risk on transactions worth several trillion dollars, uncovering activities related to money laundering, terrorist fundraising, fraud, and other financial crimes. Elliptic is headquartered in London with offices in New York, Singapore, and Tokyo. To learn more, visit www.elliptic.co and follow us on LinkedIn and Twitter.

About World Economic Forum: The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. (www.weforum.org).

About the Global Innovators:
The Global Innovators Community is a group of the world’s most promising start-ups and scale-ups that are at the forefront of technological and business model innovation. The World Economic Forum provides the Global Innovators Community with a platform to engage with public- and private-sector leaders and to contribute new solutions to overcome current crises and build future resiliency.

Companies who are invited to become Global Innovators will engage with one or more of the Forum’s Platforms, as relevant, to help define the global agenda on key issues.

 

Related Links :

https://www.elliptic.co/

PR Newswire

SYSPRO APAC gives back to the manufacturing and distribution sector

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SINGAPORE, June 18, 2020 /PRNewswire/ — SYSPRO, a global provider of industry-built ERP software, has stepped up to support the APAC manufacturing and distribution sector through the global pandemic, and showed their appreciation through a number of community and customer development initiatives.

SYSPRO APAC gives back to the manufacturing and distribution sector
SYSPRO APAC gives back to the manufacturing and distribution sector

Supporting our customers through the pandemic

To support customers, for a limited time period, SYSPRO offered the opportunity to have free access to courses on the SYSPRO Learning Channel Plus platform. The SYSPRO Learning Channel Plus offers an extensive and comprehensive list of courses for all SYSPRO users regardless of roles within an organization.

Additionally, the SYSPRO APAC team has offered discretionary support packages and solution trials to its software, such as SYSPRO Espresso, for example. SYSPRO Espresso is a mobile solution that gives users access to their business information using SYSPRO ERP. It allows the shop floor user, supply chain manager or sales person for example to work anytime, anyplace, on any popular mobile device and their desktop with increased remote working from home.

As further support for our customers, SYSPRO staff and partners will promote customer products through SYSPRO owned channels in APAC. The campaign seeks to promote local brands and products as part of a drive to build stronger demand for local manufacturer’s and distributors in Asia.

Wen Ken, a Malaysian manufacturing company who produces Traditional Chinese Medicine and health products also distributes throughout Malaysia, Singapore and Indonesia was a beneficiary of SYSPRO’s effort. Benny Lo, the IT Manager of Wen Ken Group said, “We are happy that we made the right decision in 2014 in selecting SYSPRO as our core business system. Due to the pandemic, we are digitalizing and creating further efficiencies by moving towards a paperless environment and cutting down on some of the manual processes. We would like to thank SYSPRO and Cosmo Synergy (a solution partner of SYSPRO) for their ongoing support and collaboration and we look forward to working together in the coming future.”

Bolstering the industry in preparation for the upturn

In order to bolster industry resilience, in May, SYSPRO kicked off an initiative to provide 500 recently unemployed individuals in the manufacturing and distribution sector with unlimited access to the online SYSPRO Learning Channel at no cost for a six-month period.

This initiative aims to increase a candidate’s chance of being successful in today’s exceptionally competitive market adversely impacted by COVID-19.  S & P Global estimates that unemployment rates across Asia-Pacific could rise by well over 3% points, twice as large as the average recession. By applying, candidates will learn new skills and improve their knowledge of ERP and increase their chances of becoming more marketable.

Rob Stummer, Chief Executive Officer at SYSPRO APAC, indicated that “The impact of the pandemic has been felt by all sectors and industries globally. SYSPRO would like to take this opportunity to thank manufacturers and distributors around the world for continuing to work and support the economy. We hope that by offering skills development opportunities to the industry at large that we will bolster industry resilience in preparation for the upturn.”

How to apply for the SYSPRO ‘gives-back’ initiative

As a global initiative, the SYSPRO ‘gives-back’ initiative for unemployed individuals is aimed at all of SYSPRO’s operating regions including the US, Canada, Africa, UK, Asia and Australasia. To qualify for this opportunity,

  • The candidate must be currently unemployed and have recently lost their employment due to the global COVID-19 pandemic.
  • The candidate must have work experience in the Manufacturing sector.
  • Preference will be given to candidates who have experience working in one of SYSPRO’s Target Market industries ( please refer to below link for further details)
  • Preference will be given to candidates who have ERP experience.

To learn more or apply for this opportunity, please view the links below:

Australia – https://jobs.jobvite.com/syspro/job/o02FcfwD 
Singapore – https://jobs.jobvite.com/syspro/job/oX2FcfwA

Please do note that applying for this opportunity does not guarantee employment.

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PR Newswire

Bright Pattern Contact Center Deployed by South Korea’s Center for Disease Control for COVID-19 Contact Tracing Using Remote Agents

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South Korea Center for Disease Control is revolutionizing their contact tracing program with innovative cloud contact center technology to contain the spread of COVID-19

SOUTH SAN FRANCISCO, California, June 18, 2020 — Bright Pattern, a leading provider of AI-powered cloud contact center software for innovative companies, announced today that it was deployed by South Korea’s Center for Disease Control for citizen outreach and contact tracing during the COVID-19 pandemic. South Korea launched a massive, technology-reliant testing and tracing campaign to combat the spread of COVID-19. Their efforts have been meticulous and includes entry registration for nightclubs and gyms, health-monitoring phone apps, and a high-tech remote contact center powered by Bright Pattern, the No. 1 provider of omnichannel cloud contact center technology. Publications such as Forbes and the Guardian noted their leadership in containing the virus was a direct result of their contact center tracing using the Bright Pattern platform.

The Center for Disease Control selected Bright Pattern because of its innovative cloud-based software, speed of deployment, and ease of use requiring little to no product training for remote workforces. As reported by the national news in South Korea, the largest obstacle faced when deploying the remote agents was security issues, such as personal information leakage. By using Bright Pattern, a 100% cloud-based contact center platform, employees can connect directly to the cloud server from their home. Cloud contact center technology is being deployed in all of the 339 Center for Disease Control call centers.

Additionally, remote centers will protect contact center agents, allowing them to work from home. "[This remote model] is expected to set the customer center staff free from the periphery of the danger of infection," noted a Naver customer support leader on the Seoul Broadcasting System’s national news.

"The COVID-19 pandemic has affected lives and company’s around the world and the call center industry is no exception," said Michael McCloskey, CEO of Bright Pattern. "Bright Pattern’s solutions can be used remotely, where work from home agents can seamlessly supplement companies current workforce to provide a personalized and effortless experience to your customers virtually. We are proud to help the country leading the way in contact tracing efforts, taking massive strides to contain the virus."

If you are experiencing a spike in calls as a result of the outbreak or need to deploy a remote workforce, Bright Pattern is prepared to deliver consultations and cloud services to existing and new customers. Please contact us at marketing@brightpattern.com, call 925-548-0532, or request a demo.

Additional Resources:

About Bright Pattern
Bright Pattern provides the simplest and most powerful AI-powered contact center for innovative midsize and enterprise companies. With the purpose of making customer service brighter, easier, and faster than ever before, Bright Pattern offers the only true omnichannel cloud platform with embedded AI that can be deployed quickly and nimbly by business users—without costly professional services. Bright Pattern allows companies to offer an effortless, personal, and seamless customer experience across channels like voice, text, chat, email, video, messengers, and bots. Bright Pattern also allows companies to measure and act on every interaction on every channel via embedded AI omnichannel quality management capability. The company was founded by a team of industry veterans who pioneered the leading contact center solutions and today are delivering architecture for the future with an advanced cloud-first approach. Bright Pattern’s cloud contact center solution is used globally in over 26 countries and 12 languages.

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Related Links :

http://www.brightpattern.com

PR Newswire

HotForex Awarded for Its Client Services and Transparency

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Now in its tenth year of operation, the award winning broker HotForex continues to make its mark on the industry, now adding the titles of Best Client Services – Global and Most Transparent Broker to its impressive awards collection.

PORT LOUIS, Mauritius, June 18, 2020 /PRNewswire/ — HotForex, the award-winning forex and commodities broker on CFDs, is happy to announce that it has received two new awards – Best Client Services Global and Most Transparent Broker, from Capital Finance International and The European’s Global Banking & Finance Awards, respectively.

A HotForex spokesman said: “We have always remained committed to putting our clients first and ensuring that we provide an enhanced trading experience.  Through our three core values of honesty, openness and transparency we have become an established global broker of choice for millions. We are thrilled to have received these prestigious awards and look forward to maintaining our unrivalled market leading position.”

Established in 2010, HotForex has quickly become a market leader and global broker of choice to over 2 million live account holders around the world.  Every client enjoys a variety of advantages, including a range of flexible account types and platforms, market leading insurance up to €5,000,000, negative balance protection and 24/5 multilingual support, among others.

Notes to Media:

About HotForex 

With its origins dating back to 2010, HotForex is the brand name of HF Markets Group which encompasses global and regulated entities which are operating as multi-asset brokers offering both retail and institutional trading services to clients from around the world. HotForex is continuously establishing its position as a market leader, a fact affirmed by:

  • Over 2,000,000 Live Accounts Opened
  • More than 35 International Awards
  • Client Support in 27+ Languages
  • Top Fund Security Measures

To learn more information on HotForex, please visit our website by clicking here.

Risk warnings:

Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice. Please read the full Risk Disclosure.

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PR Newswire

OMC Group Ready to Roll with Blockchain Solutions

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PETALING JAYA, Malaysia, June 18, 2020 /PRNewswire/ — OMC Group Sdn Bhd (“OMC Group” or “Company”), the blockchain arm of AIO Synergy Holdings Berhad (“AIO Synergy”), is set to offer more blockchain solutions to businesses, government and the community to help them operate in a world that is increasingly going digital.

OMC Group offers solutions through the Company’s own patented decentralised ledger technology (“DLT”) known as Authorised Proof of Capacity (“APoC”), which is the consensus mechanism used to run the OMChain for trust and verification purposes.

Jack Lee, CEO of OMC Group
Jack Lee, CEO of OMC Group

Jack Lee, CEO of the company said: “We are in the midst of witnessing how technology has evolved and how businesses are conducted differently from the way it was. The move to doing business digitally paves the way for the business we are in as blockchain strongly encourages transparency and immutability.”

“We are offering our blockchain solutions to serve merchants, which includes a decentralised ledger that is secure, trustworthy and transparent together with a community and ecosystem that we support through our hybrid Point of Sales (“POS”) devices that includes a mining feature rewarding users with points that can be used for transactions”.

The second version of OMC Group’s hybrid POS device together with hot wallet was launched in Malaysia in the second quarter of 2020 (“Q2 2020”) following sales of the devices in China in Q3 2019. The devices are now available in 11 countries in East and Southeast Asia. In total, over 29,000 POS devices have been sold together with the hot wallet.

In the pipeline is the launch of the Asia Blockchain Centre in Q3 2020, a hub supporting blockchain startups through education, providing solutions for businesses, government and the community as well as offering solutions on the applications of blockchain technology. A debit card will be launched in Q4 2020 while a series of awareness campaigns on blockchain will be held.

The OMC ecosystem comprises OmniChat, a text/video/picture messaging platform that has 20 million users worldwide; Omnipay, a peer-to-peer payment network with third-party payment license in China as well as more than 10,000 merchants on-boarded and; Omnity, a smart community management application that can securely store customer information and collect management fees with more than 48,000 daily active users.

The Company’s long-term plans include obtaining a license in Malaysia to operate financial services in 2021 including cross-border payment services and offering its own patented DLT technology, APoC.

Media Contact:
Stefani Wan
s.wan@swanconsultancy.biz  

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Source: OMC Group Sdn. Bhd

PR Newswire

MACROKIOSK and Silverlake Collaborate to Advance the Future of Banking

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KUALA LUMPUR, Malaysia, June 18, 2020 /PRNewswire/ — MACROKIOSK and Silverlake join forces to empower the emerging digital banking industry in the Asia Pacific region. This collaboration brings together the proven robust digital solutions and respective capabilities of MACROKIOSK and Silverlake to support virtual banks in the evolving banking industry landscape.

With increasing digital transformation across the banking sector, the arrival of digital banking in the region is certain. As digital banking is set to disrupt traditional banking practices and cater to underserved markets, advanced technology becomes more crucial than ever in driving the success of digital banking in emerging economies. The partnership between MACROKIOSK and Silverlake will play a vital role in pioneering connectivity and facilitating virtual banks with their digital offerings.

As Asia’s leading digital technology company, MACROKIOSK’s key focus is in the areas of Communication, Authentication, Engagement and Payment delivered through its in-house developed BOLD. suite of digital solutions which are scalable, secure and highly adaptable.

“MACROKIOSK powers over 40 financial institutions in 14 countries across Asia Pacific. Our BOLD. solutions are future-ready to meet the demands of virtual banks and together with Silverlake, we are confident we will provide meaningful access, efficiency and convenience for digital banking consumers,” says Dato’ Henry Goh, Co-Founder and Chief Operating Officer, MACROKIOSK Group.

With award-winning financial institutions as its clients and a vision of ‘mobility beyond imagination’, Silverlake has left a rather large footprint for digital banking and enterprise mobility in the Asia Pacific region. Moving forward, Silverlake intends to continue developing digital solutions and improve its customer experience models to simplify banking for individuals and organisations alike. Alongside with MACROKIOSK, it recognises the significance of digital banking. “Our focus is to drive innovation in financial institutions in Asia Pacific countries through various digital financial services,” says Mr. Joseph Yeong, Co-Founder and Executive Director, Silverlake Mobility Ecosystem.

The collaboration between MACROKIOSK and Silverlake is poised to create a strong partner ecosystem across technologies in their respective areas of expertise, which enable virtual banks to leverage advanced solutions to stay ahead of competition and expand their foothold in the digital banking landscape.

ABOUT MACROKIOSK

MACROKIOSK is Asia’s leading digital technology company with a strong global presence. Since 2000, MACROKIOSK has been at the forefront of helping individuals and businesses embrace the digital economy through the delivery of Digitalisation Platform-as-a-Service (DPaaS) solutions.

To date, more than 3000 businesses in 37 countries spanning 24 industries and millions of users experience MACROKIOSK’s scalable, secure and highly-adaptable digital solutions developed in-house. MACROKIOSK is certified to international standards including the Microsoft.NET, PMP certification and ISO27001 ISMS.

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

ABOUT SILVERLAKE

Silverlake is a leading Technology Innovations, Banking, Financial and Cyber Security solutions provider in the Asia Pacific region with a global presence. Executing parallel efforts in pursuing technology innovations as well as keeping its more than 30 years of deploying core banking to customer sites at 100% success rate is paramount to the company’s strategy.

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

MEDIA CONTACT

MACROKIOSK Press Office
matters@macrokiosk.com

Silverlake
mobility@silverglobe.com 
sales@silverglobe.com

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PR Newswire

KT and Hyundai Accelerate Digital Transformation with Smart Robots

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SEOUL, South Korea, June 18, 2020 /PRNewswire/ — KT Corp. (KRX: 030200; NYSE: KT), South Korea’s largest telecommunications company, announced it signed strategic cooperation and investment contracts with Hyundai Robotics, to speed up collaboration for digital transformation based on 5G, artificial intelligence (AI) and smart factory.

After KT and Hyundai Robotics contracts to speed up collaboration for digital transformation based on 5G, AI and smart factory, KT president Ku Hyeonmo and Hyundai Heavy Industries Holdings Senior Executive Vice President (SEVP) Chung Kisun are taking photo at the signing ceremony.
After KT and Hyundai Robotics contracts to speed up collaboration for digital transformation based on 5G, AI and smart factory, KT president Ku Hyeonmo and Hyundai Heavy Industries Holdings Senior Executive Vice President (SEVP) Chung Kisun are taking photo at the signing ceremony.

Under the contracts, KT will acquire a 10 percent equity stake in Hyundai Robotics, the leader in the Korean industrial robotics market, for 50 billion won.

KT also signed a business cooperation agreement with Hyundai Heavy Industries Holdings for joint efforts toward digital transformation.

The signing ceremony, held at the KT headquarters in central Seoul, was attended by KT President Ku Hyeonmo, Hyundai Heavy Industries Holdings Senior Executive Vice President (SEVP) Chung Kisun and Hyundai Robotics CEO Seo Yoo-seong, and other senior executives.

The two sides signed a memorandum of understanding in May 2019 and the new contracts solidify their ongoing collaboration to spread digital transformation based on 5G, AI and smart factory. They intend to quicken joint development of intelligent service robots, technological research in autonomous driving, and smart factory solutions.

“In the post-COVID 19 era, KT is prepared to contribute to strengthening the Republic of Korea’s industrial competitiveness and the transformation of our nation’s manufacturing industry, taking advantage of our 5G and AI capability in cooperation with Hyundai Heavy Industries Group,” said KT President Ku. “Beginning with Hyundai Heavy Industries Group, we will do our utmost to expand digital transformation in diverse areas.”

KT will undertake software development and applications related to intelligent service robots and autonomous driving, while Hyundai Robotics will be responsible for hardware development and manufacturing. This is expected to lead to the introduction of intelligent robots that not only provide hotel amenities but also serve food and beverages at restaurants, and cleaning patrol robots loaded with cleaning and security functions. For entry into the service robot market, the two parties also plan to develop collaborative robots for small factories and large franchise stores.

For a smart factory, KT will provide communication technology, cloud, ICT solutions, and related bundle products, while Hyundai Robotics will supply robots and relevant solutions. In particular, the combination of KT’s smart factory solutions, dubbed “5G Factory Makers,” and Hyundai Robotics’ Hyundai Robot Management System (HRMS) is expected to heighten smart factory process analysis, production management and predictive maintenance. The toolkits of both sides will also be applied jointly for smart hospitals and logistics.

Along with its equity participation in Hyundai Robotics, KT will seek an exchange of human resources to help refine elevation of Hyundai Robotics’ competitiveness in robotics and smart factory.

“Beyond mere production, the competitiveness of manufacturers will be determined in the future by the ability of individual businesses to read market trends and transform themselves.” said Chung Kisun, Senior Executive Vice President (SEVP) of Hyundai Heavy Industries Holdings. “Through expansive business cooperation with KT, we believe that not only Hyundai Robotics but the entire Hyundai Heavy Industries Group will be able to achieve digital transformation and thereby improve our competitiveness as leading enterprises in the world.”

Hyundai Robotics, spun off from Hyundai Heavy Industries in April 2017, became a separate corporation specialized for robotics and smart solutions in May this year. It provides smart factory and smart logistics services, and has two subsidiaries – Hyundai Robotics Shanghai and Hyundai L&S (Logistics and Solutions). The company aims for an initial public offering in 2022.

In accordance with their business cooperation agreement, KT and Hyundai Heavy Industries Group will delineate details of their collaboration, particularly through a new senior committee on joint efforts in smart solutions, digital transformation, AI and ICT, as well as other business opportunities. The group will include KT President Ku and Hyundai Heavy Industries Holdings Senior Executive Vice President (SEVP) Chung Kisun.

Last year November, KT and Hyundai Heavy Industries Holdings conducted a joint presentation on their 5G-based business cooperation, focusing on smart factory and smart shipbuilding. In February this year, they launched “AI One Team,” aiming to lift Korea to global leadership in AI, and two months later, KT and Hyundai Robotics introduced “N Bot,” an upgrade from KT’s second-generation GiGA Genie hotel robot in terms of both function and design, at the Novotel Ambassador Seoul Dongdaemun Hotel. It was followed by the signing with Hyundai Construction Equipment of a memorandum of understanding for “joint development and commercialization of 5G smart construction equipment and industrial vehicle platform.”

KT expects that its cooperation with Hyundai Heavy Industries Group will expand digital transformation into diverse industrial fields, eventually enhancing national competitiveness. To that end, KT is exerting corporation-wide efforts for digital transformation to help maximize efficiency and widen business opportunities of companies on the basis of its expertise in 5G network, AI, Big Data, cloud and ICT solution.

MEDIA CONTACTS

For inquiries, please contact our Global Media Relations Team at kt.gmrt@gmail.com

ABOUT KT CORPORATION (KRX: 030200; NYSE: KT)

KT Corp., Korea’s largest telecommunications service provider, reestablished in 1981 under the Telecommunications Business Act, is leading the era of innovations in the world’s most connected country. The company is leading the 4th industrial revolution with high speed wire/wireless network and new ICT technology. KT launched the world’s first nationwide commercial 5G network on April 3, 2019, after successfully showcasing the world’s first trial 5G services at the PyeongChang Winter Olympic Games in February 2018. This is another milestone in KT’s continuous efforts to deliver essential products and services as it aspires to be the number one ICT Company and People’s Company.

For more information, please visit our English website at https://corp.kt.com/eng/

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Source: KT Corp.

PR Newswire

Herta Awarded the Highly Competitive “COVID-19 Response Seal of Excellence” From the European Commission

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BARCELONA, Spain, June 18, 2020 /PRNewswire/ — In May 2020, Herta was awarded with the COVID-19 Seal of Excellence certificate delivered by the European Commission (EC) for the project AWARE.

Seal Of Excellence Herta
Seal Of Excellence Herta

AWARE was sent for evaluation to the European Innovation Council (EIC) Accelerator Pilot. As stated by the EC, the EIC Accelerator Pilot offers Europe’s brightest and boldest entrepreneurs the chance to step forward and request funding for breakthrough ideas with the potential to create entirely new markets or revolutionize existing ones. Highly innovative SMEs with a clear commercial ambition and a potential for high growth and internationalization are the prime target. The 20th of March 2020, the EC made an urgent call through the EIC Accelerator Pilot for technologies and innovations that could help in treating, testing, monitoring or other aspects of the Coronavirus outbreak.

The COVID-19 Seal of Excellence is a highly competitive quality label awarded to project proposals which were evaluated to have a high excellence and impact to deserve funding in this special call, but did not receive it due to current EC’s budgetary constraints.

AWARE proposes a hybrid edge and distributed solution for advanced video analytics, including real-time face recognition and crowd behaviour analysis. Part of the computing pipeline is executed on-premise, on low-power and small-size edge stations using Deep Neural Network accelerator hardware. This allows saving costs and increasing system’s scalability, efficiency and ease-of-installation. HERTA’s cutting-edge algorithms, which are able to identify people even when wearing masks and monitor crowd density, are integrated in the solution. The automatic control of social distancing and the identification of persons in access controls without the need of removing masks become vitally important to control the spread of COVID-19, and are Herta’s main focus to fight against the pandemic.

Photo: https://techent.tv/wp-content/uploads/2020/06/herta-awarded-the-highly-competitive-covid-19-response-seal-of-excellence-from-the-european-commission.jpg