Media Web Banner UM5606 Zenbook S 16 AMD 970x250

PR Newswire

PR Newswire
Coocaa to Kick off Mid-Year Promotion on LAZADA with a Wide Range of Customer Benefits

HANOI, Vietnam, June 12, 2020 /PRNewswire/ — Coocaa is about to kick off its mid-year promotion campaign (18th-22nd June) on LAZADA, an e-commerce platform in Southeast Asia at 18:00 on June 12. While bringing a wide range of shopping benefits to customers, Coocaa is going to unveil unlimited possibilities of improving quality of life and creating new TV-watching experiences for them.

Coocaa to Kick off Mid-Year Promotion on LAZADA with a Wide Range of Customer Benefits
Coocaa to Kick off Mid-Year Promotion on LAZADA with a Wide Range of Customer Benefits

During this campaign, Coocaa will join hands with a highly influential key opinion leader (KOL) in Vietnam to present two Coocaa smart TV models on live streaming. Among them, 55S6G, a new star in the Coocaa S6G family will be included in the grand promotion as a key product of recommendation. (https://bit.ly/3czmLnJ).

55S6G not only features the Dolby audio/visual effects and a narrow frame design, but also is equipped with the Android 9.0 system, AI technology, along with an open application platform, YouTube browsing, voice assistant, screen mirroring and other functions. While bringing immersive audio and visual experiences to users, this smart TV will also usher in a brand-new style of smart homes.

Coocaa to Kick off Mid-Year Promotion on LAZADA with a Wide Range of Customer Benefits
Coocaa to Kick off Mid-Year Promotion on LAZADA with a Wide Range of Customer Benefits

On the night of the live streaming, the KOL will interact with fans in a number of interesting ways and present fans with a range of rewards, including Coocaa headphones and free-purchase entitlement. On top of that, Coocaa will give various gifts to the first 80 customers who successfully place orders at the LAZADA Coocaa store. These gifts include iPhones, trolley speakers, Coocaa Bluetooth headphones, and a variety of coupons. Eligible customers and those who actively participate in the games of the store will be entitled to the benefits.

Coocaa to Kick off Mid-Year Promotion on LAZADA with a Wide Range of Customer Benefits
Coocaa to Kick off Mid-Year Promotion on LAZADA with a Wide Range of Customer Benefits

Notably, in order to repay consumers for their love of the products, Coocaa has specifically arranged an audio system as the gift for a selected customer. This lucky customer will be chosen from those who successfully place order(s) on June 18.

For more information on Coocaa mid-year grand promotion, with diversified interactions, generous promotional benefits, and quality Coocaa TVs, visit Coocaa Store on LAZADA (https://bit.ly/2UfhATw), or follow @Coocaa to get promotion updates in real time.

Photo – https://photos.prnasia.com/prnh/20200611/2827424-1-a?lang=0
Photo – https://photos.prnasia.com/prnh/20200611/2827424-1-b?lang=0
Photo – https://photos.prnasia.com/prnh/20200611/2827424-1-c?lang=0

 

PR Newswire
P&G and Shopee drive record sales at first-ever experiential online initiative, Show Me My Home, with more than 15x increase in orders

Show Me My Home is a key initiative under the recently signed Joint Business Plan between P&G and Shopee

KUALA LUMPUR, Malaysia, June 12, 2020 /PRNewswire/ — Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, and Procter & Gamble (NYSE:PG), a leading fast-moving consumer goods company, achieved strong performance for their first-ever experiential online initiative, Show Me My Home. The initiative recorded more than 15x increase in orders at peak day[1], and it is a key activation under the recently signed regional Joint Business Plan (JBP) between Shopee and P&G. The JBP marks a joint commitment between Shopee and P&G to improve the online shopping experience for users across the region, and to provide convenient and easy access to quality FMCG products on Shopee.  

Shankar Viswanathan, Vice-President, P&G Malaysia, Singapore, Vietnam and E-Commerce, P&G Asia Pacific, Middle East & Africa (left), and Chris Feng, CEO, Shopee (right), at the official Joint Business Plan signing [Photo taken before circuit breaker]
Shankar Viswanathan, Vice-President, P&G Malaysia, Singapore, Vietnam and E-Commerce, P&G Asia Pacific, Middle East & Africa (left), and Chris Feng, CEO, Shopee (right), at the official Joint Business Plan signing [Photo taken before circuit breaker]

Chris Feng, CEO at Shopee, said, "As we transit into the new normal, e-commerce has taken on greater importance in people’s lives. Consumers are increasingly going online to fulfil their everyday needs, and it is important for businesses to remain agile and adapt quickly. The success of P&G’s online debut of the Show Me My Home initiative on Shopee is proof of that. By merging P&G’s portfolio of leading FMCG brands and retail expertise with Shopee’s wealth of insights on online shoppers’ behaviour and preferences, it allowed us to deliver a novel, experiential online home shopping experience for consumers across the region. This success has inspired us to continue innovating to provide the best for our users, and we are excited to work closely with P&G going forward."

Shoppers enjoyed greater convenience with Show Me My Home

The Show Me My Home initiative was initially an offline concept which was well-received among both consumers and retailers. With a shared vision to serve the region’s increasingly savvy digital consumers at scale, P&G leveraged Shopee’s technology expertise and insights on online shoppers to optimize and scale the experience online. Through this partnership, P&G and Shopee successfully piloted the online version of Show Me My Home, recording more than 15x increase in orders at peak day. The Show Me My Home initiative offered greater convenience as shoppers could easily find what they needed as the microsite simulated the household environment. This novel way of shopping online successfully captured shoppers’ attention with an overall increase in traffic for P&G.  

Fostering meaningful connections with Shopee’s in-app engagement features 

As people spend more time online, brands are also increasingly finding new ways to interact and engage with their consumers. As part of the Show Me My Home initiative, P&G leveraged Shopee’s engagement features to foster deeper and meaningful connections with their consumers.

  • Shopee Live: P&G tapped on Shopee Live to engage consumers with a special series of live streams featuring popular local celebrities. The biggest stars, including Yuna, Iman Azman and Preston Kaw shared with fans and Shopee users their favourite P&G products, as well as provided tips on how to use them.
  • Shopee Throw: Users visited Shopee daily to play Shopee Throw, an in-app game where users can win exclusive P&G vouchers and prizes by throwing arrows onto a target on the Shopee app. The game was played over 600,000 times in 5 days, offering added entertainment and value to consumers while they shopped for their favourite P&G brands.      

Show Me My Home marks the first of many initiatives under the recent regional JBP between Shopee and P&G. The JBP aims to better serve and capture the hearts of online shoppers in the region by providing a seamless access to P&G’s wide range of leading brands and products. This agreement will see P&G broadening its multi-brand portfolio offerings on Shopee and tapping on Shopee’s big data analytics capability to provide a personalised customer journey via precise marketing. In addition, P&G will leverage Shopee Brands Suite, a comprehensive set of support tools, such as Shopee Live, to help brand partners better reach and connect with consumers. 

"At P&G, we are continually trying new ways to personalize and engage our consumers be it offline or online. The encouraging results we have achieved from this campaign proves the partnership with Shopee to be very successful as we managed to engage more meaningfully with our consumers on digital platforms. We look forward to evolving with the customer as we work closely with Shopee to execute future innovations online, serving more regions and value-adding to digital transactions," adds Shankar Viswanathan, Vice President, E-Commerce, Asia Pacific, Middle East and Africa.

With the success of the Show Me My Home initiative, P&G and Shopee will be bringing it back on 15 June 2020, featuring another round of exclusive deals and promotions from popular P&G brands including Olay, Pantene, and Ambi Pur. 

To know more, visit https://shopee.com.my/m/pg-mid-year-sale

[1] Compared to average day in 2020

Appendix

For a full list of P&G products available on Shopee’s Show Me My Home Campaign, please visit this website.

About Procter & Gamble

P&G serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®, Tide®, Vicks®, and Whisper®. The P&G community includes operations in approximately 70 countries worldwide. Please visit http://www.pg.com for the latest news and information about P&G and its brands.

About Shopee

Shopee is the leading e-commerce platform in Southeast Asia and Taiwan. It was launched in 7 markets in 2015 to connect consumers, sellers, and businesses in the region. Shopee offers an easy, secure, and engaging experience that is enjoyed by millions of people daily. It offers a wide product assortment, supported by integrated payments and logistics, as well as popular entertainment features tailored for each market. Shopee is also a key contributor to the region’s digital economy with a firm commitment to helping brands and entrepreneurs succeed in e-commerce.

Shopee is a part of Sea Limited (NYSE:SE), a leading global consumer internet company. In addition to Shopee, Sea’s other core businesses include its digital entertainment arm, Garena, and digital financial services arm, SeaMoney. Sea’s mission is to better the lives of consumers and small businesses with technology.

 

Photo – https://photos.prnasia.com/prnh/20200610/2826392-1?lang=0

Related Links :

https://pg.com/

PR Newswire
Pasternack Debuts New Vehicular Antennas, GPS Timing Antennas and Portable UHF Antenna

New Antennas Offer Highest Levels of Performance and Durability

IRVINE, Calif., June 12, 2020 /PRNewswire/ — Pasternack, an Infinite Electronics brand and a leading provider of RF, microwave and millimeter wave products, has introduced a new line of GPS timing antennas, vehicular antennas, and a 118-174 MHz tunable, telescopic antenna to address mobile wireless, portable instrumentation and wireless monitoring applications.

New Vehicular Antennas
New Vehicular Antennas

 

Pasternack’ s new GPS/GLNSS antennas provide precise reception of satellite timing signals and reference frequencies for use in advanced mobile and base station network applications. These IP67-rated outdoor antennas are suitable for use in harsh environments. The combinations of NMO mount with integrated GPS and GLNSS antennas feature a 30 dB gain LNA for the GPS models and a 28 dB gain LNA for the GPS/GLNSS models, and both are IP66-rated for use in harsh environments.

The 12 new vehicular poly spring and poly flex antennas feature wideband and tunable models, and ground dependent and ground independent models that handle up to 150 watts of input power. The vehicular antenna kits support frequency ranges of 108 MHz to 870 MHz and include a duplexer, NMO mounts, two antennas, coaxial cable and crimp-on Type-N connectors.

Pasternack’s glass-mount antenna supports frequency ranges of 824-960/1710-2170 MHz and features 2 dBi gain. A new PE51TW1000 portable UHF antenna offers high performance in the UHF frequency range of 118-174 MHz, is field tunable, and features a flexible support mast and telescopic radiator.

"This new antenna line was developed to address the growing need for wireless communications in vehicular applications, including public safety, and applications requiring network time synchronization and precision frequency reference. Our new GPS and vehicular antennas provide users with durable, high-quality solutions to a wide range of mobile communication applications," said Gabriel Guglielmi, Vice President of Product Management.

Pasternack’s new GPS, vehicular and portable UHF antennas are all in stock and available for same-day shipping with no minimum order requirement.

For inquiries, Pasternack can be contacted at +1-949-261-1920.

About Pasternack:
A leader in RF products since 1972, Pasternack is an ISO 9001:2015 certified manufacturer and supplier offering the industry’s largest selection of active and passive RF, microwave and millimeter wave products available for same-day shipping. Pasternack is an Infinite Electronics brand.

About Infinite Electronics:
Based in Irvine, Calif., Infinite Electronics offers a broad range of components, assemblies and wired/wireless connectivity solutions, serving the aerospace/defense, industrial, government, consumer electronics, instrumentation, medical and telecommunications markets. Infinite’s brands include Pasternack, Fairview Microwave, L-com, MilesTek, Aiconics, KP Performance Antennas, PolyPhaser, Transtector, RadioWaves, ShowMeCables, INC-Installs and Integra Optics. Infinite Electronics serves a global engineering customer base with deep technical expertise and support, with one of the broadest inventories of products available for immediate shipment.

Press Contact:
Peter McNeil 
Pasternack 
17792 Fitch 
Irvine, CA 92614 
(978) 682-6936

Photo – https://techent.tv/wp-content/uploads/2020/06/pasternack-debuts-new-vehicular-antennas-gps-timing-antennas-and-portable-uhf-antenna-1.jpg
Logo – https://techent.tv/wp-content/uploads/2020/06/pasternack-debuts-new-vehicular-antennas-gps-timing-antennas-and-portable-uhf-antenna.jpg  

PR Newswire
Miaozhen Systems: 31.9% of digital ad traffic was invalid in China 2019, costing the industry 28 billion RMB

BEIJING, June 12, 2020 /PRNewswire/ — A new report by Miaozhen Systems, China’s leading omni measurement and business intelligence analytics solutions provider, has found that 31.9% of all online advertising traffic in China was invalid in 2019, costing the China brand marketing industry an estimated 28 billion RMB.

The report, "China Digital Advertising Invalid Traffic Report in 2019", is the first of its kind to examine invalid traffic in new advertising formats and media. In addition to PC and mobile ads, this report analyzed the state of invalid data in NEW TV ads, offline and outdoor ads, online consumer leads, social media ads, KOL marketing, and more. With data collected from 65,000 campaigns by 2,000 brands across 1,200 platforms, it is the most accurate and comprehensive report on this subject to date.


Key findings for 2019 are summarized below:

  • Invalid traffic (IVT) made up 31.9% of all digital advertising traffic in China, up 1.7pp from 2018;
  • 39.9% of vertical media traffic was invalid; IT verticals had the highest IVT rate at 49%, up 14pp from 2018;
  • Across industries, internet and communications saw the greatest IVT increase (up 6.3pp from 2018) and suffered the highest IVT rate;
  • 10% of NEW TV ad traffic was invalid; agencies contributed the most invalid exposure;
  • 26% of all online consumer sales leads were invalid, with major implications for auto and other industries that rely on online lead collection;
  • 4.2% of outdoor advertising was invalid or not displayed;
  • 48% of social media advertising traffic was invalid. On average, 57.5% of KOL fans were invalid, with baby & mom KOLs having the highest rate of invalid fans (65.1%).

Since 2013, Miaozhen has been dedicated to the healthy development of the China digital marketing ecosystem. Besides contributing to national digital marketing industry standards, Miaozhen offers innovative, cutting-edge IVT filtration and influencer evaluation solutions to help make the industry more transparent and trustworthy. Clients who used Miaozhen’s intelligent IVT filtration solution SmartVerify had an average IVT rate of 4.7%, far lower than the 2019 average of 31.9%, and saved an estimated total of 4.5 billion RMB that would have been lost to invalid traffic.

To learn more about Miaozhen Systems, please visit www.miaozhen.com.

Photo – https://photos.prnasia.com/prnh/20200611/2827530-1?lang=0

Related Links :

http://www.miaozhen.com

PR Newswire
New Hero Tagahl Sherekhan Arrives in “Shadow Arena”

SEOUL, South Korea, June 12, 2020 /PRNewswire/ — Pearl Abyss today announced that a new Hero Tagahl Sherekhan has arrived in Shadow Arena, Pearl Abyss’ brand new action-packed battle royale game currently available in Early Access on Steam. The free-to-play game now offers eleven Heroes, each catering to different strategies and combat styles. 

New Hero Tagahl Sherekhan Arrives in Shadow Arena
New Hero Tagahl Sherekhan Arrives in Shadow Arena

With an origin story written in the annals of Black Desert Online lore, Tagahl Sherekhan is a descendant of the Dragon Hunter tribe Sherekhan. When a ferocious dragon appeared in Calpheon and terrorized its people, they called Tagahl for help. However, when Calpheon failed to reward him for defeating the dragon, he turned his back on those lands in discontent and left. He has finally found his way to the world of Shadow Arena, where he is preparing himself for a new battle.  

Tagahl is a warrior who uses his main weapon, his signature glaive, to deliver widespread damage with every blow. His ability to bypass or weaken his opponents’ defenses also allows him to attempt reversals. Players can now use his Inherent Skills to attack enemies more strategically.  

With the arrival of the new Hero, various in-game events are taking place in Shadow Arena. Players can now claim a Hero through the free DLC package on Steam until July 9. Those who submit their play strategies through the official website or participate in the social media event will also have the chance to win a special item. Until June 18, a Hot Time event will run where players can receive 5 times more silver for completing Daily Quests.  

In the meantime, "Shadow Arena Regional Cup – Asia" was hosted for the first time to determine the best of the best on the Asia server. The top 3 placements were announced based on points earned during the tournament who received rewards including a special winner’s-exclusive skin, title, and a large amount of silver.      

For more information, visit the official website, Discord, Facebook, YouTube, and Twitter. 

Photo – https://photos.prnasia.com/prnh/20200612/2828406-1?lang=0

PR Newswire
Miaozhen Systems Announces Its Focus on Omni Measurement & Business Intelligence

BEIJING, June 12, 2020 /PRNewswire/ — China’s leading omni measurement and business intelligence analytics solutions provider Miaozhen Systems, a part of Mininglamp Technology Group, has unveiled its rebranding. The change includes an expanded range of products and services, with a new positioning of omni measurement and business intelligence analytics, as well as an updated visual language.

Miaozhen Systems was established in 2006 by Minghui Wu, serial entrepreneur and Mininglamp Technology Group’s founder, chairman, and CEO. Since its founding, Miaozhen Systems has been committed to helping enterprises accurately measure and optimize their marketing effectiveness. It has also been instrumental in increasing transparency in the China digital marketing industry. 

Miaozhen Systems’ rebranding marks an expanded focus on omni measurement and business intelligence instead of its historical focus on ad and marketing measurement. Miaozhen Systems will be able to use omni measurement to analyze every touch point between business and consumer across multiple platforms and media types, and harness Mininglamp Technology Group’s AI capabilities to mine big data for business intelligence. With these technologies, Miaozhen Systems will be able to help enterprises make optimized, customer-centric business decisions and stay ahead of the curve. 

After rebranding, Miaozhen Systems will have two major service unites:

Omni-marketing Intelligence (OMI): Miaozhen Systems’ service unit focused on omni-measurement and marketing optimization. Uses big data and AI technology to provide businesses with digital measurement, evaluation, and optimization solutions for advertising, marketing, and business. Helps enterprises make decisions based on real & accurate data and empowers high-speed growth.

Business Intelligence & Analytics (BIA): Miaozhen Systems’ service unit focusing on business intelligence and analytics. Provides BIA services using big data and AI technology and based on real-time, accurate, comprehensive ad, social, and e-commerce data. Helps enterprises predict trends in the market, optimize business decisions, and achieve commercial value.


Miaozhen Systems’ new brand positioning is also reflected in its new visual identity. The concentric radiating circles and markings suggest its focus on broader measurement and deeper analytics. They also bring to mind a rotating engine, symbolizing continuous empowerment of its clients to create commercial value.

Photo – https://photos.prnasia.com/prnh/20200611/2827532-1?lang=0

 

PR Newswire
Cohesio Group to bring Silicon Valley’s Fetch Robotics solutions to Australia and New Zealand region

MELBOURNE, Australia and SAN JOSE, Calif., June 12, 2020 /PRNewswire/ — Technology solutions provider Cohesio Group (Körber Supply Chain) has announced it has formed a partnership with autonomous mobile robot (AMR) provider, Fetch Robotics. The two leading providers will collaborate to help retailers and logistics providers in the Asia Pacific region to deliver advanced automation through flexible and scalable solutions. 

Cohesio Group (Körber) partners with Fetch Robotics to deploy Fetch's flexible and scalable AMR solution in Australia and New Zealand.
Cohesio Group (Körber) partners with Fetch Robotics to deploy Fetch’s flexible and scalable AMR solution in Australia and New Zealand.

Formed in 2014, the California-based intralogistics automation company pioneered the world’s first cloud robotics platform for delivering on-demand automation in any facility.

Fetch Robotics is unique in that it provides a cloud robotics platform that autonomously moves and tracks virtually anything in any warehouse or manufacturing environment ranging from parts as small as a transistor to pallets weighing 1500 kilograms.

Headquartered in Silicon Valley, Fetch Robotics provides the only autonomous mobile robot solution that deploys in hours as opposed to days or weeks.

The intralogistics provider has received a number of accolades including being named as a Leader in IDC MarketScape for Autonomous Mobile Robots for General Warehouse Automation 2019, being recognised by Fast Company in the category of Most Innovative Company and named as a Technology Pioneer by the World Economic Forum in 2018.

Cohesio Group will add Fetch Robotics to its already extensive portfolio of enterprise-graded solutions spanning automation, voice enabled technologies, handheld devices and workflow optimisation.

The leading technology solutions provider has recently deployed solutions for CEVA Logistics, Wesfarmers and Bollore Logistics to name a few, providing efficiency and productivity gains upwards of 200 per cent.

In Asia Pacific, the industrial robotics market is expected to grow by more than 13 per cent and is set to reach AUD $151 billion by 2026, according to data released by market research provider Research and Markets. Increasing customer demand is a major driving factor in this, and Cohesio Group has been at the centre of major automation deployments in the Asia Pacific region.

"Fetch Robotics is a market leader in automation. At Cohesio we always want to offer our clients the very best and latest technology in automation and have therefore made the decision to broaden our portfolio in partnering with Fetch Robotics. We know the demand for automation in this region is growing, and we want to ensure we can offer a full range of products and services to our customers to help them meet this challenging demand," Nishan Wijemanne, CEO of Cohesio Group said. 

"We are excited to partner with Cohesio Group. We know that Cohesio has a reputation in this region for working closely with its customers to establish flexible and agile automated solutions. In Cohesio we have found a partner who is pushing the boundaries of what is possible in automation and technology and is committed to innovation across the entire supply chain. For this reason, we are very excited to see what we can achieve together in the fast-growing Asia Pacific e-commerce market," Melonee Wise, CEO of Fetch Robotics said.

"The Fetch Robotics solutions offer immediate efficiency gains around travel and labour time. The robots can be fully operational in a matter of hours and do not require extensive changes to warehouse environments or existing processes. Providing significant efficiency and productivity gains, warehouse operators instead have the time to focus on higher-level and more productive tasks," Ravi Nath, Head of Automated Solutions at Cohesio Group said. 

Cohesio Group was acquired by international logistics giant Körber in September last year. It was recently announced that Cohesio Group would join eleven other sister companies under the umbrella Körber Supply Chain as part of a global rebrand. The united brand will become a leading international technology provider with a diverse range of capabilities spanning software, automation, voice, robotics and material handling equipment.

About Fetch Robotics

Fetch Robotics is an award-winning intralogistics automation company headquartered in Silicon Valley. By combining autonomous mobile robotics with the power of the cloud, the Fetch Cloud Robotics Platform provides on-demand automation solutions for material handling and inventory management, with the power to find, track, and move almost anything in any facility. Fetch Robotics’ solutions and services are deployed in leading distribution, fulfillment, and manufacturing centers around the world, augmenting workforces to drive increased efficiency and productivity. For more information, please visit www.fetchrobotics.com or follow the company on Twitter @FetchRobotics.

About Cohesio Group

Cohesio Group, a part of international technology group Körber, is a leading integrator and developer of tech solutions that enable rapid optimisation of workflows and processes and is also an idea generating partner for strategic concepts. With offices across the Asia Pacific, Cohesio Group creates innovative technology transformations that span across supply chain and logistics including warehousing and distribution centres, transportation, manufacturing, healthcare, pharmaceutical, FMCG and retail. Cohesio Group’s enterprise-grade solutions range from voice-powered technology that enable hands-free workflows through to new-generation mobility solutions, software applications that provide actionable business insights and retail fulfilment as well as solutions such as Autonomous Mobile Robots that enable automation in distribution centres. Learn more at www.cohesiogroup.com

About the Körber Business Area Supply Chain

Supply chains are growing more complex by the day. Körber uniquely provides a broad range of proven, end-to-end supply chain solutions fitting any business size, strategy or appetite for growth. Capable of delivering not just software, but automation, voice, robotics, and materials handling – plus the expertise to tie it all together. We are a global partner not just for today, but also as the needs of supply chains continue to evolve. Conquer supply chain complexity – with Körber. The Business Area Supply Chain is part of the global technology group Körber. Find out more on www.koerber-supplychain.com 

Photo – https://photos.prnasia.com/prnh/20200612/2827716-1?lang=0

Related Links :

http://www.cohesiogroup.com

PR Newswire
FICO Survey: Philippine Consumers more Comfortable Opening Bank Accounts with Smartphones than Americans and British

26 percent of Filipinos prefer to open a bank account on their phone compared to 18 percent in the US and 25 percent in the UK

MANILA, Philippines, June 12, 2020 /PRNewswire/ —

Do Identity Checks by Philippine Banks Turn Away Customers?
Do Identity Checks by Philippine Banks Turn Away Customers?

Highlights:

  • The FICO Consumer Digital Banking Survey examines the preferences Filipino consumers have with digital bank account opening
  • The study found 26 percent of Filipinos prefer to open a bank account on their phone compared to 18 percent in the US and 25 percent in the UK
  • 76 percent of Filipino consumers said they would open a financial account online
  • Identity verification with too much friction could cost organizations over 40 percent of new account openings

More information: https://www.fico.com/identity

FICO, a global analytics software firm, has released its Consumer Digital Banking Survey which found Philippine consumers are more comfortable opening bank accounts on their smartphones than consumers in the US and the UK.

The study showed that 26 percent of Filipinos prefer to open a bank account on their phone, compared to 18 percent in the US and 25 percent in the UK.

"Filipino consumers are digital natives," said Subhashish Bose, FICO’s lead for fraud, security and compliance in Asia Pacific. "Around 40 percent of Filipinos have a smartphone and according to a recent study they rank in the top 10 mobile internet users globally, spending an average of 4.58 hours a day on their phones."

The study showed that digital account opening is rapidly becoming the norm in the Philippines, with 76 percent of consumers saying they would open some kind of financial account online.

Of those that would open a financial account online, 40 percent would consider doing so for an everyday transaction account, 38 percent for a credit card and 33 percent for a personal loan.

Bucking expectations, it was older consumers in the Philippines who were more likely to be leading the digital push with the youngest Filipinos being the laggards.

  • 46 percent of those over 55 years of age said they would open a bank account online
  • 40 to 45 percent of 25-34, 35-44 and 45-54 year-olds said they would do the same
  • While just 28 percent of 18-24-year-olds would open a bank account online

"The truth in the numbers here is far more nuanced," explained Bose. "Younger Filipinos are adept at using smartphones and computers, however, many do not have the required identification forms to open bank accounts at a young age, don’t have regular income or are presented with bank account options that are not appealing. For example, many bank accounts in the Philippines require a minimum balance to avoid monthly account-keeping fees.

"As consumers’ reliance on online services grows in response to COVID-19, we expect further shifts in adoption and indeed an acceleration and acceptance in opening bank accounts digitally. It is important that banks closely examine any points of friction in their application process to ensure consumers are not abandoning a process or switching to a competitor," said Bose.

Filipinos expect account opening to be fully digital

The survey found that a large percentage of Filipinos had an expectation that they should be able to complete all aspects of account opening online or on their phone.

Out of the regular identity checks needed to open an account, 67 percent of Filipinos thought they should be able to prove their identity by scanning documents or providing a selfie, 47 percent expected to prove where they live without going offline and 45 percent said they should be able to set up a biometric such as a fingerprint scan at account opening.

If all actions required to complete an account opening cannot be accomplished in-session, only 41 percent of respondents said they would carry out the necessary offline actions as soon as possible.

Around 33 percent thought they would eventually complete offline actions such as taking a phone call, posting documents, or visiting a branch. A further 13 percent said they would try a competitor while 5 percent said they would give up completely. Overall findings demonstrated that financial institutions in the Philippines that don’t facilitate a completely digital account opening experience could lose over 40 percent of their new business.

"There is research to show that only 6 to 9 percent of applicants move through the funnel and complete the process," said Bose. "Banking executives should review the application completion for authenticated versus non-authenticated applications, as well as how many applicants with saved or abandoned applications return to complete the process."

FICO’s Consumer Digital Banking Survey was produced using an online, quantitative poll of 5,000 adults (over 18) across 10 countries carried out on behalf of FICO by an independent research company. The countries surveyed were: Brazil, Canada, Germany, Malaysia, Mexico, Philippines, Sweden, UK and the USA.

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.

Join the conversation on Twitter at @FICOnews_APAC.

FICO is a registered trademark of Fair Isaac Corporation in the US and other countries

Photo – https://techent.tv/wp-content/uploads/2020/06/fico-survey-philippine-consumers-more-comfortable-opening-bank-accounts-with-smartphones-than-americans-and-british-1.jpg
Logo – https://techent.tv/wp-content/uploads/2020/06/fico-survey-philippine-consumers-more-comfortable-opening-bank-accounts-with-smartphones-than-americans-and-british.jpg

Related Links :

https://www.fico.com

PR Newswire
NS8 Raises $123 Million Series A, Now Among Fastest Growing Fraud Prevention Platforms in the World

Latest Raise Led by Lightspeed Venture Partners and AXA Venture Partners

LAS VEGAS, June 12, 2020 /PRNewswire/ — NS8, an online fraud prevention company, announced the company has successfully closed $123 million in venture funding led by Lightspeed Venture Partners and AXA Venture Partners (AVP).

With this investment, NS8 will accelerate product development and expand its global reach with an increased focus on growing its vast partner network. The company has grown from 50 to over 200 employees within the last year, and hiring continues across sales, engineering, marketing, and infrastructure.

Lightspeed’s investment provides NS8 with access to the firm’s expansive global network, as well as a team of operators and advisors to help navigate challenges, build world-class teams, and support the company’s continued growth at all stages. 

"Online fraud prevention has grown rapidly due to the acceleration of ecommerce adoption by merchants and, with it, an increased threat of those seeking to attack online stores. Merchants of all sizes need to invest in security products to ensure a safe and secure online experience," said Bradley Twohig, Partner at Lightspeed Venture Partners. "NS8’s platform allows its partners and their merchants to stand up a full-service fraud prevention hub, in a matter of a day, across almost every ecommerce platform. The time to value is simply best in class."

AVP has significant experience helping scale companies that leverage differentiated technology and efficient business models to drive innovation in enterprise software, fintech, consumer and digital health. With offices in North America, Europe, and Asia, AVP can also help NS8 accelerate its global expansion.

"NS8 has built a market-leading fraud detection and prevention platform combining advanced data analytics with real-time scoring. NS8’s rapid growth is a testament to the strength of the company’s product and the value NS8 delivers to its customers," said Alex Scherbakovsky, General Partner at AXA Venture Partners and NS8 board member. "We are excited to partner with Adam and the NS8 team to scale the business globally."

Throughout the recent global pandemic, NS8 continues to emerge as the fastest growing industry leader, with year-over-year revenue growth of 200 percent and a dedicated focus on aiding online vendors to make fraud decisions that protect their customers and their bottom line.

"Thanks to this investment from Lightspeed, AXA Venture Partners, and our full backing group, we can continue to scale to meet the growing demand for fraud prevention technology in the global marketplace," said NS8 CEO Adam Rogas. "This partnership positions NS8 to empower even more businesses with enterprise-level fraud defenses, regardless of size or industry."

About NS8
NS8 is a comprehensive fraud prevention platform that combines behavioral analytics, real-time scoring, and global monitoring to help online businesses minimize risk. Its patented scoring technology provides actionable data about the type, quality, and trustworthiness of transactions, which businesses leverage to automate fraud management workflows to suit their individual needs. NS8 is headquartered in Las Vegas, with regional offices located in San Francisco, San Ramon, Miami, Amsterdam, Singapore, and Melbourne. www.ns8.com

Crowell & Moring LLP served as legal counsel to NS8 in the fundraising transaction.

About Lightspeed Venture Partners
Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise and Consumer sectors. Over the past two decades, the Lightspeed team has backed hundreds of entrepreneurs and helped build more than 400 companies globally, including Snap, Nest, Nutanix, AppDynamics, MuleSoft, OYO, Guardant, StitchFix, and GrubHub. Lightspeed and its affiliates currently manage $10.5B across the global Lightspeed platform, with investment professionals and advisors in Silicon Valley, Israel, India, China, Southeast Asia, and Europe. www.lsvp.com

About AXA Venture Partners
AXA Venture Partners (AVP) is a global venture capital firm investing in high-growth, technology-enabled companies. AVP has built, in less than five years, a unique investment platform specialized in tech investments with $800 million of assets under management through three pillars of investment expertise: early stage, growth stage, and fund of funds. To date, AVP has invested in more than 45 companies and more than 15 funds. The AVP team operates globally with offices in San Francisco, New York, London, Paris, and Hong Kong. Beyond investments, AVP provides unique access to business development opportunities helping portfolio companies to scale globally and accelerate their growth. www.axavp.com

LinkedIn: @ns8               Twitter: @ns8inc               NS8.com

Logo – https://techent.tv/wp-content/uploads/2020/06/ns8-raises-123-million-series-a-now-among-fastest-growing-fraud-prevention-platforms-in-the-world.jpg   

Related Links :

http://www.ns8.com

PR Newswire
TECH I.S. Fixes ‘the E-learning Bug’ by Filling the Gap Between the New Age E-learning and Old School Learning

TOKYO, June 12, 2020 /PRNewswire/ — Due to COVID-19 pandemic, lots of business operations and services took a hit and it is totally unclear when these operations will resume normalcy. Many people use the isolation time to learn new things and acquire new skills, as a result Edu-Tech is booming in this pandemic situation. However, E-Learning has one problem. Almost 95% of candidates or students give-up due to lack of guidance of coding or motivation.

TECH I.S. - SKILL WHAT YOU CAN LEARN
TECH I.S. – SKILL WHAT YOU CAN LEARN

To solve this problem, TECH I.S. offers programs where students can get on a Zoom call with tutors and learn programming and they can also get career guidance from their dedicated consultant so they can start their professional career as programmers once they complete their course.

As a global programming school curated to fill the void in the Edu-Tech space, TECH I.S. has three branches in Silicon Valley (USA), Tokyo (Japan) and Bengaluru (India). The majority of the curriculum is made by Silicon Valley engineers, which includes Web Application Development and Data Science course. TECH I.S. was started from Japan as an offline programming school and helped over 300 students to become professionals in the Information Technology industry with industry-relevant curriculum and to make a professional web application portfolio.

TECH I.S. is on a mission to fill the gap between the new age E-learning and old school learning to make online learning more simple and efficient. With increasing practice of social distancing, online learning from a tutor becoming the better alternate mode of education.

TECH I.S. is currently operating from India and Japan, the tutors are based out of Bangalore, Tokyo, and Silicon Valley. The programs are available for anyone who has the passion to become a programmer. TECH I.S. offers Full-Time as well as Part-Time curriculum for 3 months and 6 months respectively.

For more information, please visit or contact:
TECH I.S.
https://techis.io/
[email protected] 

Related Links :

https://techis.io/

Categories
Stay Up to Date