Market Watch

Photo Credit: Pixabay Greece-based bank Eurobank has announced a partnership with IT services firm LTIMindtree to enhance customer experience. Under this multiyear cooperation, the two organisations will improve banking operations and build innovation IT services for Eurobank and its subsidiaries. The collaboration has been enabled by Fairfax Digital Services and it will include the establishment of a Global Delivery Center in India. Alongside the recently established LTIMindtree Greece office, this center will drive technology modernisation, and digital innovation as well as enhance and maintain critical banking applications. This initiative will empower Eurobank Group to meet growing customers’ demands as it expands its services. As part of the multi-year relationship, LTIMindtree has been selected as the Services Partner for Eurobank Luxembourg’s Temenos implementation program, providing maintenance, data migration, quality assurance, and post-production support services to the bank. “We are thrilled to announce our partnership with Eurobank as they embark on an ambitious journey to modernise their banking infrastructure technology platform. Our expertise in cutting-edge IT services and seamless Temenos implementation services positions us uniquely to deliver innovative solutions that meet the future needs of Eurobank,” said Srini Rao, EVP & Chief Business Officer Europe, LTIMindtree. “Our journey to becoming a […]

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Software companies are seeing significant shifts as digital transformation continues to shape global markets. According to a recent finance report , Software as a Service (SaaS) stocks have surged by 30.2% over the past six months, greatly outperforming the S&P 500 index, which experienced a modest rise of 9% during the same period. Qualys , established in 1999, stands out in the cybersecurity domain with a market cap of $5.05 billion. Despite its positioning as a trailblazer in subscription security, it faces scrutiny due to a high forward price-to-sales ratio of 8.2x. Conversely, Box , a cloud storage company started in 2005, offers services for secure document sharing and collaboration. It currently trades at a valuation ratio of 4.6x forward price-to-sales, yet experts advise caution given market variables. The digital advertising space sees Integral Ad Science (IAS), founded in 2009, positioned for growth with its focus on ad verification and optimization, appealing to investors with a more modest 3x forward price-to-sales ratio. By leveraging data from the IndexBox platform, the broader tech industry’s trajectory reveals that despite AI’s impact on certain sectors, businesses like IAS could potentially benefit from market adjustments and evolving digital needs. Market’s Future Outlook As […]

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Shafaq News/ On Monday, Iraqi Prime Minister, Mohammed Shia Al-Sudani, inaugurated the Digital Transformation and Automation Center at the headquarters of the Ministry of Higher Education and Scientific Research. According to a statement from PM’s media office, during his visit to the center, he examined the new system for implementing automation and removing paperwork, in line with the government’s plan to carry out administrative reforms, streamline processes, and eliminate bureaucracy and unnecessary procedures. The statement added that “in his remarks at the inauguration, the Prime Minister highlighted the achievement of digital transformation and automation and the adoption of modern technology, beginning with the Ministry of Higher Education and Scientific Research, which is expected to provide advanced and innovative solutions through its scientists, experts, and faculty members.” He also mentioned the High Committee for Digital Transformation, which he chairs and includes key ministers, to ensure that digital transformation is implemented as a comprehensive policy rather than fragmented efforts. Additionally, following a study by a technical committee, the decision was made to create a National Center for Digital Transformation and a National Center for Cybersecurity. “The Prime Minister affirmed that all procedures—from student applications to admissions, as well as employee and […]

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On February 17, 2025, Tether Operations Limited, a leader in the digital asset sector, announced the signing of a Memorandum of Understanding (MoU) with the government of the Republic of Guinea. This strategic collaboration aims to explore the adoption of blockchain technology and peer-to-peer solutions to stimulate economic growth and position Guinea as a leader in digital transformation in Africa. Summary Objectives of the Collaboration between Tether and Guinea Official Statements of the collaboration between Tether and the government of Guinea “This MoU represents a significant step in our ambition to position Guinea at the forefront of technological innovation in Africa. It will allow us to strengthen our educational and scientific infrastructures, equipping our youth to face the challenges and seize the opportunities of the global digital transformation.” Implications for the Digital Transformation of Guinea Conclusion Objectives of the Collaboration between Tether and Guinea The MoU between Tether and the Guinean government focuses on several key aspects: Education and Training : Implementation of educational programs to increase awareness and skills in digital technologies among the public and private sectors. Technological Innovation : Creation of an environment conducive to innovation through the sharing of international knowledge and best practices in […]

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Bihar deploys Bidgely’s artificial intelligence solutions to enhance consumer services, reduce theft and ensure a more efficient power supply. PATNA, India & LOS ALTOS, Calif.–(BUSINESS WIRE)–Feb 12, 2025– South Bihar Power Distribution Company Limited (SBPDCL) has signed an agreement with REC and Bidgely to implement artificial intelligence (AI) and machine learning-powered solutions aimed at enhancing consumer services, reducing losses from theft and ensuring a more efficient and sustainable power supply. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250212395564/en/ Bihar deploys Bidgely’s artificial intelligence solutions to enhance consumer services, reduce theft and ensure a more efficient power supply. (Graphic: Business Wire) “Providing effective energy analytics to consumers in real-time is an important step towards modernization of Bihar’s power distribution sector. Through REC’s support and Bidgely’s AI-powered analytics technology, we aim to increase transparency, improve billing accuracy and motivate consumers to use electricity in an economical manner,” said Mahendra Kumar, MD, SBPDCL. The value of Bidgely’s AI-powered data solutions was first recognized during the Ministry of Power’s flagship Powerthon 2022 , a hackathon event aimed at identifying advanced solutions for power distribution challenges. During the event, Bidgely demonstrated how its Energy Theft Solution analyzes smart meter data to […]

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Infrastructure Contentstack , the leading composable digital experience platform (DXP) powered by the number one Enterprise Headless CMS, is replacing Bibby Financial Services’ (BFS) legacy Sitecore platform. This strategic move aims to put BFS customers in the driver’s seat by offering cutting-edge digital experiences, with a key focus on transitioning from the previous Sitecore platform to a flexible, scalable, and future-proof CMS. BFS will also tap into the company’s DXP offerings – including Personalize, Automate, and Launch – to offer highly-personalised, digital experiences at scale across 9 international markets. A Business Adapting for the Future Founded in 1982 and part of the 200-year-old Bibby Line Group, BFS has built a reputation as a trusted financial partner for small and medium-sized businesses. BFS is aiming to move beyond its static “brochureware” website, which currently supports basic marketing and sales efforts. “By partnering with Contentstack, we’re securing long-term growth and delivering exceptional value, bridging the gap between our trusted heritage and the future,” said Sean Casey, Head of External Corporate Communications at Bibby Financial Services. “We are a people-based business, and Contentstack stood out as a partner, offering scale, scope, and a human-centric approach that we value. We also aligned with […]

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Imagine for a moment your social security and driver’s license numbers are stolen – and not by your own devices. You didn’t leave your purse in an unlocked car nor drop your wallet at the store. No, this thievery happened under someone else’s watch. Add to that, the breach happened within a company you once worked for or currently patronize. You are not alone in feeling violated; millions of people are affected, although that doesn’t provide any sense of comfort. Like many unexpected crises, your other worries now seem small. With your personal information at risk, you wonder: How do I keep my information safe as digital transformation unfolds and cloud computing becomes the norm? The scenario outlined above underscores the growing importance of data privacy impact. It’s a different kind of security issue. There is no easy fix when personal data is stolen. You can’t call someone and get a new driver’s license or social security number like you can with a credit card. It’s much more complicated. Stories of data misuse take many different forms. What if your sensitive information got out because a company you worked for or purchased from sold its data? Or because an […]

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From biometric binding through regulations for payments from digital wallets, the Biometric Update’s top stories of the week reflect a global trend of digital transformation for economic growth and financial inclusion. These kinds of projects are on high on the agenda of lawmakers, regulators and businesses around the world, from developing nations to the largest economies. Digital wallets are the primary vehicle of change, but digital public infrastructure and platforms connecting the various tools must be put in place first. New partnerships for FIC Professionals Network in Nigeria and Citra Lab in Sri Lanka show the market opportunities that come with the transition. While the digitization process is carried out, technologies like FaceTec’s UR Codes, readable with a free biometric app launched this week, can help bridge the gap between physical ID documents and digital identity. Top biometrics news of the week FaceTec’s UR Codes are a biometric technology specifically intended to help ease the transition to digital identity by enabling high accuracy through the delivery of a 72-byte face template that can be scanned from a digital wallet on a high-end smartphone, a temporary ID document printed in paper, or anything in between. The company’s VP of Global […]

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A corner of Bac Giang city. In the coming time, Bac Giang province will increase investment and improve infrastructure to enable the research and development of strategic technology and industry, new energy and clean energy projects. (Photo: VNA) Zalo Facebook Twitter Print Copy link Bac Giang (VNA) – The northern province of Bac Giang is set to roll out breakthrough solutions on the development of science, technology, innovation, and digital transformation, aiming to effectively realise the Poliburo’s Resolution No. 57-NQ/TW on the issue, Director of the provincial Department of Science and Technology Nguyen Thanh Binh has said. The department will advise the provincial People’s Committee on effectively carrying out a programme on developing key and potential products, plans on the implementation of intellectual property strategy; application of biotechnology, information technology, digital transformation and artificial intelligence (AI) as well as those on enhancing products’ productivity and quality. In the coming time, Bac Giang will increase investment and improve infrastructure to enable the research and development of strategic technology and industry, new energy and clean energy projects. Besides, the province seeks to enhance business capacity for innovation and technology mastery, focusing on developing high-tech and core technologies of the Fourth Industrial […]

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Muscat: Under the patronage of Dr. Said bin Mohammed Al-Saqri, Minister of Economy, the College of Economics and Political Sciences at SQU, in collaboration with the Oman Vision 2040 Implementation Follow-Up Office, is organising the 3rd International Conference on Business and Economics. The event will take place at The St. Regis Al Mouj Muscat Resort from 17 to 18 February 2025, under the theme “Driving Digital Transformation and Connectivity for Sustainable Growth.” This conference aims to bridge the gap between academia and industry by fostering collaborative links between scientific research and business. It provides an excellent platform for identifying new research areas, facilitating partnerships, and offering valuable networking opportunities across various business sectors. Key discussions will centre on digital transformation and its impact on the economic cycle, the role of emerging technology enterprises in building an innovation-driven economy, the significance of global partnerships in achieving sustainable development, and strategies for economic diversification within the framework of Oman Vision 2040. The conference will bring together officials, executives, entrepreneurs, economic researchers, and business leaders, alongside distinguished international speakers. The programme will include panel discussions and presentations, featuring real-world case studies on building technology enterprises and their integration into global markets. Around […]

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