The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has made a formal visit to the headquarters of Infosys, a global leader in information system technology in Bengaluru, Indian, as part of its moves towards full digitisation of its operations. A statement from the upstream regulator on Friday, said the move was a significant step towards fostering digital transformation in Nigeria’s upstream petroleum industry. Infosys is a worldwide leader in information system technology with about 320,000 employees and about $18.6 billion annual turnover. It provides support and services to the major oil companies, national oil companies and service companies in the petroleum sector as well as other sectors such as aviation, finance and so on globally. The delegation, led by the Chief Executive of the NUPRC, Gbenga Komolafe, the statement said, was focused on exploring how Infosys’ cutting-edge technological solutions could support the commission in achieving its regulatory mandate under the Petroleum Industry Act (PIA). Central to the discussions, it said , were strategies to digitalise and automate key regulatory processes, streamline hydrocarbon accounting, and ultimately plug revenue leakages to enhance government revenues. Highlight of the visit was the strategic meeting between the NUPRC chief executive and Mr. Nandan Nilekani, the […]

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Image: © Sammby/Stock.adobe.com C Two’s Tobias Gundhus discusses the major tech trends affecting the automation industry, and why companies need to be wary of getting sidetracked by the ‘latest shiny objects’ in tech. Tobias Gundhus is the co-founder and chief technology officer of C Two, an automation management platform. With a background in software development and AI, Gundhus helped develop C Two’s platform, which aims to increase the efficiency and scalability of automation and robotic process automation (RPA) technologies. Click here to listen to Future Human: The Series. As part of his responsibilities, Gundhus says he ensures that the company’s solutions are scalable, reliable and aligned with current trends. “My goal is to create a future where automation is indispensable for business success, simplifying daily tasks and driving significant value,” he says. What are some of the biggest challenges you’re facing in the current IT landscape and how are you addressing them? One of the most significant challenges in IT is keeping up with the rapid pace of technological advancements. To address this, I’m always exploring new tools and technologies, reading blog posts and event summaries and following industry influencers. Staying informed and engaged with the tech community about […]

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B2B, vendor, supplier, transparency, invoice The B2B landscape is undergoing a profound transformation, driven by a confluence of technological advancements, evolving business expectations, and the unrelenting push toward greater efficiency. At the center of this change is the surging digitization of B2B payments, which are emerging as levers for innovation, competitiveness and growth as firms recognize that modernizing their payment processes is crucial not just for efficiency, but also for ensuring security, improving cash flow management and enabling real-time insights into financial operations. That’s why PYMNTS tracks the latest advances shaping tomorrow’s B2B landscape. The top themes we heard this week were around access to capital, cross-border payments and marketplaces, and the broader digitization of legacy workflows across B2B payments and operations. Digital Transformation’s Impact on Working Capital and Cash Flow Management Managing working capital is a perennial challenge for firms, and digital solutions are now playing a role in easing this burden. Among the news this week, Lama AI and Bridge partnered Wednesday (Aug. 21) to expand the availability of commercial loans . Financial institutions using Lama AI’s artificial intelligence-powered origination technology will be able to access Bridge’s marketplace that connects business owners and lenders. Adyen and InvoiceASAP […]

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Neilsoft Expands Engineering Services with Focus on Digital Transformation Pune: Neilsoft, a Pune-based engineering services and solutions provider, is enhancing its offerings in the buildings, process, and manufacturing industries by integrating digital transformation into its service portfolio. The company aims to improve project efficiency and increase technology adoption for its global clients. With over 23 years of experience in the industry, Neilsoft focuses on delivering integrated services across various sectors. The company is emphasizing defect detection, classification, and analytics as part of its approach to meet the evolving needs of its clients. Neilsoft’s services are designed to support digital transformation initiatives, helping clients streamline operations and adopt new technologies to stay competitive in their respective markets. The company leverages its extensive experience in handling multi-disciplinary projects to deliver targeted solutions that address specific industry challenges. Also Read – Microsoft Revamps Business Reporting, Clarifies AI Benefits Tags: Digital Transformation Focus on Digital Transformation Manufacturing Neilsoft Expands Engineering Services Neilsoft services service portfolio

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Insights Timex Garments adopts WFX ERP for specialised, cloud-based digital transformation, enhancing efficiency. Replacing SAP with WFX, Timex gains industry-specific solutions with WFX ERP for garment manufacturing. New WFX ERP ensures Timex Garments remains innovative and responsive to market changes. This shift will enable Timex to improve operational efficiency. In a landmark decision, Timex Garments, a global leader in the garment manufacturing industry, has announced its transition to WFX Apparel ERP for its digital transformation journey. This strategic move marks a significant shift from their legacy ERP SAP, a system they have depended on for many years. Timex Garments, founded in 1967, is renowned for its quality and innovation. With 12 factories in Sri Lanka and Bangladesh, Timex exports to over 15 countries, catering to some of the biggest names in fashion like H&M, M&S, Next, SKIMS and more. Employing over 10,000 people, the company has been at the forefront of adopting new technologies to streamline its manufacturing processes. Upgrading to WFX Apparel ERP The quickly evolving nature of the garment industry posed challenges for Timex that SAP could not address. While SAP’s horizontal ERP is an adequate solution for standard operations and transaction processing, it requires far too […]

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An aerial drone photo taken on April 3, 2024, shows a city view in Nairobi, Kenya. (Xinhua/Han Xu) The setting up of critical infrastructure in Kenya’s Konza Technopolis, a smart city, has gathered steam to facilitate a digital and green economic transition that promises jobs and renewal, officials said. NAIROBI, Aug. 23 (Xinhua) — The setting up of critical infrastructure in Kenya’s Konza Technopolis, a smart city, has gathered steam to facilitate a digital and green economic transition that promises jobs and renewal, officials said. The smart city, located about 70 km southeast of Nairobi, the Kenyan capital, will be completed soon, with investments from the public sector, industry, and bilateral donors, Konza Technopolis Chief Executive Officer John Paul Okwiri said Wednesday. "Our vision is to establish a fully-fledged smart city that is the best in Africa and seek partnerships to develop supportive infrastructure," he told a media tour of Konza Technopolis. "This project will have ripple effects on the entire economy." As a flagship project of Kenya’s Vision 2030, Konza Technopolis seeks to transform the country into an industrialized middle-income economy by leveraging information and communications technology (ICT), green energy, innovations, and entrepreneurship, Okwiri said. An aerial drone […]

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23 August 2024 UK Reporter: Daniel Tison Generic business image for news article Image: vixion/stock.adobe.com ABN AMRO has gone live on nCino’s Cloud Banking Platform as part of the bank’s digital transformation strategy. As one of the largest banks in the Netherlands, ABN AMRO is utilising nCino across its corporate lending operations, as well as for collateral management across all its lines of business. Through this move, ABN AMRO aims to unlock added business value through enhanced collateral management and by consolidating multiple legacy systems into one platform, unifying its end-to-end lending process. Charlie McIver, managing director for EMEA at nCino, says: “ABN AMRO understands the value of a single platform and the data foundations needed to drive digital transformation for its large, ECB-regulated business.” According to the cloud banking provider, nCino platform offers a suite of banking solutions that optimise loan origination, credit analysis, collateral management and portfolio management, providing transparency in a highly regulated industry. ← Previous industry article AIIB issues first DNN through Euroclear’s D-FMI platform Next industry article → NDF appoints Northern Trust as custodian for assets under management NO FEE, NO RISK 100% ON RETURNS If you invest in only one securities finance news […]

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Sompo , a top Brazilian insurer, has partnered with Palantir Technologies Inc. (NYSE: PLTR) to enhance its digital transformation. The multi-year investment will implement Palantir’s Foundry and Artificial Intelligence Platform (AIP) to improve decision-making in pricing, underwriting, and risk management . This collaboration aims to boost efficiency and response times for customers and partners. The partnership builds on Palantir’s existing relationship with Sompo Holdings in Japan. Marine Insurance , where Sompo leads the Brazilian market, is the first segment to integrate the software into pricing processes. The implementation involves smart models that interpret documents and propose values based on historical pricing and risk factors. This marks Palantir’s first partnership in the Brazilian insurance sector, reflecting its growing presence in the country. The collaboration underscores Sompo’s commitment to leveraging Data Analytics and AI for strategic insights and improved decision-making across the organization. Positive Partnership with Palantir to enhance digital transformation and AI capabilities Implementation of Palantir Foundry and AIP to improve pricing, underwriting, and risk management Expected efficiency gains and faster response times for customers and partners Integration of smart models in Marine Insurance pricing processes Potential for improved decision-making and competitive advantage in the Brazilian market Negative None. Sompo’s […]

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Carrier is set to establish a 100+ employee AI Center of Excellence in India, aiming to propel the company to the forefront of AI innovation and advancement. Share In 2019, Carrier established its first Digital Hub in Hyderabad, India, coinciding with its transition to become an independent, publicly traded company in 2020. Led by Senior Vice President and Chief Digital Officer Bobby George, Carrier embarked on a digital transformation journey to modernise and strengthen the digital infrastructure of a 100-year-old organisation. Since then, Carrier’s success with Digital Hub India has led to the development of the “Connected Hubs” model, integrating hubs in Mexico and China with operations in Bengaluru and Hyderabad. “Following our spin-off, where we prioritised goals, such as becoming more customer-centric, transforming our customer interactions, fostering innovation, and developing sustainable products, we recognized an internal talent deficit. This led us to make the strategic decision to establish a centre in Hyderabad, India,” shared Bobby George, SVP and CDO of Carrier, in a recent interview with AIM. “This move was pivotal in streamlining and accelerating digital deliveries worldwide, inspiring us to replicate the model across three countries, each with tailored focus areas.” More Than a Delivery Center: A […]

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