Market Watch

Versana Launches New Reconciliation Module, Advancing the Digital Transformation of the Corporate Loan Market Versana Launches New Reconciliation Module, Advancing the Digital Transformation of the Corporate Loan Market PR Newswire NEW YORK, Jan. 14, 2025 Agents and Lenders Benefit from Significant Operational Efficiencies and Scalability NEW YORK, Jan. 14, 2025 /PRNewswire/ — Versana today announced the launch of its leading-edge reconciliation solution, an add-on module to its centralized digital data platform. This major advancement leverages the power of the company’s growing pool of corporate loan data by electronically matching lenders’ positions to agents’ golden-source data at any point in time. This game-changing tool optimizes workflows and reduces data inconsistencies and costs. The $8 trillion corporate loan market still relies heavily on legacy communication methods and text conversion technologies, resulting in material timing differences in transaction data across lenders and service providers. Further, the majority of cash flow mismatches from agents to lenders result from position discrepancies. The Versana Reconciliation Module (VRM) solves this longtime challenge by providing quick identification and resolution of position breaks against agents’ records. Moreover, a unique benefit includes the display of each digital transaction notice causing such differences, greatly improving transparency and accuracy to facilitate […]

Click here to view original web page at www.morningstar.com

Applied Digital Corporation APLD+17.0% Get Free Report stock traded higher by more than 20% at the start of Tuesday’s session. The company entered into a $5 billion perpetual preferred equity financing facility with Macquarie Asset Management (MAM). This deal is aimed at supporting Applied Digital’s high-performance computing (HPC) business. Under the development, MAM will invest up to $900 million, supporting the 400 MW build-out of the Ellendale HPC Campus. The financing structure includes the issuance of perpetual preferred equity units and common equity units, with MAM investing $2.25 million per executed lease for each 1 MW of capacity. Proceeds from the deal will help complete the Ellendale, North Dakota-based campus build-out. They will also help repay approximately $180 million in bridge debt and recover over $300 million of equity investment. Also Read: US Stocks Poised To Gain After Tech Stocks Drag Nasdaq Down, S&P 500 Trades At 23x Forward Earnings Additionally, MAM holds a right of first refusal for future HPC data center project funding, potentially adding up to $4.1 billion over the next 30 months. The preferred equity carries a 12.75% annual dividend rate, and increases by 87.5 basis points after five and six years. According to Benzinga […]

Click here to view original web page at www.benzinga.com

Partnerships between automakers and tech giants are reshaping vehicles into interconnected, software-driven products, with AI poised to redefine customer interactions and revolutionize the driving experience. The automotive industry is undergoing a digital transformation as more players join forces to change how vehicles are integrated into consumers’ lives. No longer is the focus simply on the mechanics of a car — the future lies in software and the experiences that these systems can create. At the forefront of this change are unconventional partnerships between automakers and tech giants, including companies such as Rivian , Qualcomm and Google . These collaborations are creating a more interconnected ecosystem that blends automotive hardware with state-of-the-art software. The result is a new automotive experience that promises to redefine consumer expectations and alter car ownership in ways that were unimaginable just a few years ago. During a session titled “ The New Era of the Automotive Ecosystem ” on Wednesday (Jan. 8) at the CES 2025 Conference in Las Vegas, three leading industry experts explored the digital transformation within the automotive sector: Wassym Bensaid , chief software officer, Rivian ; Patrick Brady , vice president Android Automotive, Google ; and Nakul Duggal , group GM, […]

Click here to view original web page at www.pymnts.com

Physical conference on February 5-6 in Mumbai MUMBAI, INDIA, Jan 10, 2025 – (ACN Newswire) – The Unified Payment Interface (UPI) has changed how India handles money, moving from paper to digital transactions. As more people use digital payments during COVID-19, It has become a game-changer. It allows people to send money at any time, helping to bring more people into the banking system and connecting both those with and without bank accounts. UPI has made formal financial services accessible to millions and has had a clear impact on India’s digital economy. It makes it easier to pay without cash and encourages more use of digital payments, which reduces reliance on cash and leads to a more productive and transparent economy and also helps businesses become more official, which in turn increases tax revenue and reduces illegal money flows, making governance more effective. However, there are challenges to address, including concerns about data privacy, regional disparities, and the need to integrate with traditional payment methods like credit cards. Despite these hurdles, the platform continues to grow, largely due to its strong security measures and low costs for users. This positions it to compete effectively with global players like MasterCard […]

Click here to view original web page at www.acnnewswire.com

Pollstar logo Pollstar , the trusted voice and leading resource for the live entertainment industry, is proud to announce a bold new chapter in its storied history. The new Pollstar will feature a refreshed brand reinvention, digital platform and data resources, while remaining the premier publication for the global live industry. As part of this transformation, and aligning with its sustainability commitment, beginning mid-February 2025 Pollstar will shift to a monthly print schedule and introduce a new weekly digital edition exclusively for subscribers to deliver timely reporting and personalized features. These leading-edge services will include predictive analytics and query-based global insights derived from Pollstar’s industry-leading database spanning the last 43 years of live entertainment. Rounding out the new offerings is a redesigned and streamlined website that will deliver faster access to breaking news, data, and analytics while also creating a seamless user journey for subscribers and casual visitors alike. These updates reflect Pollstar’s unwavering commitment to delivering unparalleled insights, analysis, and industry-leading reporting. “ Pollstar has been the most trusted resource for the live entertainment industry for decades, and this evolution marks an exciting new chapter,” said Andy Gensler, Editor-in-Chief, Pollstar. “Digital adoption has soared over the past decade […]

Click here to view original web page at www.thatericalper.com

Former Ralph Lauren Chief Digital & Technology Officer Dr. Janet Sherlock speaks with Starbucks Executive Vice President and Chief Technology Officer Deb Hall Lefevre and Levi Strauss & Co. Senior Vice President & Chief Digital Officer Jason Gowans at NRF 2025: Retail’s Big Show. The next time you stop at Starbucks for a coffee or drop by the Levi’s store to browse for a pair of jeans, look around. The two companies are in the midst of digital transformations — though it might be hard to notice. Successful digital transformation should be impossible to see but easy to detect, Levi Strauss & Co. Chief Digital Officer Jason Gowans said during a panel discussion at NRF 2025: Retail’s Big Show with Starbucks Chief Technology Officer Deb Hall Lefevre. Take the store environment for example: If a customer in one store can’t find the product they want in their size, a Levi’s stylist can use the company’s BackPocket platform — which provides a holistic view of the customer — to look up their sizes and style preferences. The stylist can then either recommend a similar product in that store, or find the item in another store and have it delivered to […]

Click here to view original web page at nrf.com

Karen Ngui says DBS’s brand promise—Live More, Bank Less—is what sets the bank apart. Summary Karen Ngui, MD and head, DBS Foundation and DBS Group Strategic Marketing and Communications, discusses how the bank is building a purpose-driven brand by embracing digital transformation, championing sustainability, and engaging younger audiences through innovative content. In today’s competitive financial landscape, banks are rethinking their approach to marketing. DBS Bank, ranked as the Association of Southeast Asian Nations’ (Asean) most valuable bank brand for the 18th straight year last year, has adopted a unique storytelling-led strategy to stand out. In this conversation with Mint , Karen Ngui, managing director (MD) and head of DBS Foundation and DBS Group Strategic Marketing and Communications, discusses how the bank is building a purpose-driven brand by embracing digital transformation, championing sustainability and engaging younger audiences through innovative content. Ngui delves into DBS’s shift from traditional marketing to a more integrated, purpose-led approach—with real stories, digital tools and responsible artificial intelligence (AI) at the core. Edited excerpts: Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News . more topics #Banking #Advertising and Marketing

Click here to view original web page at www.livemint.com

The oil and gas industry is undergoing a significant digital transformation, with companies integrating advanced technologies into their daily operations. According to a recent report by GlobalData , technologies such as artificial intelligence (AI), blockchain, cloud computing, Internet of Things (IoT), robotics, and virtual and augmented reality (VR and AR) are now commonplace in the industry. Ravindra Puranik, Oil and Gas Analyst at GlobalData, highlights the impact of these changes: “Field personnel are extensively using handheld devices to gather data, make notes, and communicate with their team. “These changes are aimed at cutting down inefficiencies in workflows for improved productivity and lower costs.” The adoption of digital technologies is not only improving operational efficiency but also contributing to environmental sustainability. A recent poll conducted by GlobalData indicated that companies are deploying digitalisation to lower their operational emissions. This aligns with the industry’s increasing focus on environmental, social, and governance (ESG) objectives. “Drones are being used to monitor methane emissions in the industry, and AI can be used to determine effective strategies to mitigate methane emissions from daily oil and gas operations,” Puranik explains. However, the digital transformation journey is not without challenges. The industry faces a shortage of workers […]

Click here to view original web page at petroleumaustralia.com.au

Participants at the national conference held by the Politburo and the Party Central Committee’s Secretariat in Hanoi on January 13 morning. (Photo: VNA) Zalo Facebook Twitter Print Copy link Hanoi (VNA) – A decision on the formation of the Central Steering Committee for the Development of Science, Technology, Innovation and Digital Transformation was announced at a national conference held by the Politburo and the Party Central Committee’s Secretariat in Hanoi on January 13 morning. According to the Politburo’s Decision No. 229 dated January 10, 2025, the Steering Committee, headed by Party General Secretary To Lam, consists of 19 members. It is responsible for leading and directing the implementation of breakthrough solutions to further promote science – technology development and innovation, and speed up national digital transformation. The Steering Committee is tasked with researching and proposing the Politburo and the Party Central Committee’s Secretariat consider and make decisions on mechanisms, legal policies, and breakthrough solutions for accelerating science-technology development, innovation, and digital transformation. It will also lead and coordinate with party committees at all levels to guide, inspect, and supervise the implementation of relevant resolutions and regulations of the Party, and the State’s laws; and review relevant legal mechanisms, policies, […]

Click here to view original web page at news.google.com

Top Trends Shaping the Future of Digital Engineering in 2025 “ The future of digital engineering is shaped by cutting-edge trends, including AI-driven solutions, digital twin applications , and cloud-based engineering. Emerging technologies in engineering like automation, smart practices, and sustainability are redefining industry innovations. Explore how engineering leaders are adopting advancements to revolutionise design, operations, and efficiency in 2025. ” Digital engineering is fundamentally transforming modern industries, creating unprecedented opportunities for innovation and operational excellence. As organisations navigate through digital transformation initiatives, the convergence of advanced technologies is reshaping engineering practices, methodologies, and outcomes. This transformation is particularly significant for enterprises seeking to maintain competitive advantages in an increasingly digital-first world. The space of digital engineering is experiencing rapid evolution, driven by technological advancements and changing market demands. As we approach 2025, several key trends are emerging that will define the future of engineering practices. These developments are not merely incremental improvements but represent substantial shifts in how engineering solutions are conceptualised, developed, and implemented across industries. Generative AI: Redefining Engineering Design Parameters Generative AI is transforming engineering design processes by introducing sophisticated algorithms that can analyse vast datasets and generate optimal design solutions. The technology’s capability to […]

Click here to view original web page at www.dailyhostnews.com