Market Watch

KUALA LUMPUR, MALAYSIA – Media Outreach Newswire – 2 September 2024 – Malaysia’s leading independent investment bank, Kenanga Investment Bank Berhad ("Kenanga Group" or the "Group") announced that it has partnered with leading Singaporean fintech firm Helicap Pte Ltd ("Helicap") in a move to further advance its digitalisation initiatives. The signing ceremony was witnessed by Datuk Chay Wai Leong, Group Managing Director, Kenanga Investment Bank (standing), along with other key representatives. From left: Cheong Boon Kak, Group Chief Financial & Operations Officer, Kenanga Investment Bank Berhad; Datuk Wira Ismitz Matthew De Alwis, Executive Director & Chief Executive Officer, Kenanga Investors Berhad; David Z Wang, Co-Founder & Chief Executive Officer, Helicap Securities; Quentin Vanoekel, Co-Founder & Chief Investment Officer, Helicap Investments; and Jeremy Tan, Co-Founder & Group Chief Operating Officer. As part of this partnership, Kenanga Group, through a fund managed by its asset and wealth management arm, Kenanga Investors Berhad ("Kenanga Investors"), has collectively taken a stake of 8% ("the Investment") in Helicap. The Investment forms Helicap’s Series B funding round, which sees Kenanga Group as lead investor alongside Saison Capital Pte Ltd, the corporate venture capital arm of Credit Saison, one of Japan’s largest non-bank financial companies that […]

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By Ming Tan, Founding Executive Director, Tech for Good Institute Organisations and people working in the impact sector dedicate themselves to making the world a better place. Whether in health or education, the environment or sports and the arts, for the young or the elderly, at an international or hyperlocal scale, their service is mission-driven, sometimes underappreciated and often under-resourced. Much has been written about the rapid growth of Southeast Asia’s digital economy and increasing digitalisation of society. At the Tech for Good Institute, however, we believe that technology, and digital technology in particular, not only has the potential to drive economic growth, but also to serve society. In 2023, the Tech for Good Institute gathered insights from public, private and civil sector stakeholders on the future trajectory of Southeast Asia . We have found some common targets for digitalisation – key industry sectors, Micro, Small and Medium Enterprises (MSMEs), and government and public services. The impact sector stretches across all these targets. First, the impact sector is a key sector in any country, even if it is sometimes left out of traditional economic metrics. And while there are a handful of large non-profits, many nonprofits fall into the […]

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Brazil is advancing in its efforts to strengthen its public digital infrastructure. The goal? To improve access to digital services, enhance economic growth, and promote social inclusion. Recent initiatives highlight the country’s commitment to building a robust digital ecosystem, leveraging technologies to streamline government services and empower its citizens. Expanding digital identity At the heart of Brazil’s digital transformation is the Gov.br platform, a digital identity system that enables citizens to access a range of government services online. The platform provides a single sign-on offering that consolidates various government services into a unified digital identity, with the aim of simplifying the interaction between the government and its citizens. According to a report by CSIS , it was developed to unify the ID systems of Brazil’s 27 states and ensure their interoperability, as well as to streamline other identification processes. Tariq Malik , technical advisor digital public infrastructure, digital ID ID4D at the World Bank, recently highlights Brazil’s achievements on LinkedIn , noting: “With impressive registration rates exceeding 90 percent for adults and 98 percent for children under 5, Brazil has achieved remarkable milestones in population registration through its Legal ID and Digital ID initiatives.” Malik praised Brazil’s approach to […]

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Today Share Newgen, Newgen Software Technologies, Trade Finance, NewgenONE, Digital Transformation, Trade Intelligence, Fraud, Risk Management, Middle East, Newgen Software Technologies Ltd., a global provider of low-code digital transformation solutions, has launched its trade finance platform in the Middle East. Banks and financial companies from across the region can now use Newgen’s platform to unify and digitise disparate and rigid legacy systems. Newgen’s trade finance platform is a low-code, end-to-end automated system that can orchestrate user journeys in the financial sector and deliver speed and seamless experiences for banks’ customers and employees. Built on the NewgenONE digital transformation platform, the software provides a fast and sustainable way to streamline trade finance, embedding content within applications to facilitate real-time access to disparate information from across an organisation. Powered by AI-based analytics, the platform can trade intelligence on transactional and regulatory behaviour, enabling users to enhance risk management and prevent fraud. The software’s technology allows customers to reduce manual data entry requirements, improve customer communications and implement better compliance and data security – all while driving cost savings and improved productivity. It can also streamline the intake of requests across channels and automate processes such as bank guarantees, invoice financing sales, […]

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Recognising the urgency and significance of digital transformation, from the very beginning, Major Nguyen Ngoc Sang, Deputy Chief of Police Station of Hai Chau 1 Ward, Hai Chau District, Da Nang, focused on researching and developing practical models to bring legal education and crime prevention efforts closer to the public, making them more effective. Major Nguyen Ngoc Sang (right) at the ceremony to launch the electronic handbook "Serving the People" organised by the Hai Chau 1 Ward People’s Committee. Understanding the importance of applying IT and digital transformation in managing local areas, residents, and crime prevention, Mr. Sang began his research in 2021. After a period of searching for information and persistent effort, he created a comprehensive guide for the "3 Protection” movement model, helping residents grasp its details more clearly. This handbook was meticulously developed both in content and format, offering practical benefits and meeting the needs of the police’s work. Major Sang stated, "Digital transformation and the application of IT are irreversible trends in nearly every sector. The ‘3 Protection Movement’ handbook has started to show effectiveness, providing many benefits to residents in the ward." Building on this success, Mr. Sang continued to spend considerable time working […]

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Who We Are DIGITALEUROPE is the leading trade association representing digitally transforming industries in Europe. We stand for a regulatory environment that enables European businesses and citizens to prosper from digital technologies. We wish Europe to grow, attract, and sustain the world’s best digital talents and technology companies. Together with our members, we shape the industry policy positions on all relevant legislative matters and contribute to the development and implementation of relevant EU policies. Our membership represents over 45,000 businesses that operate and invest in Europe. It includes 109 corporations which are global leaders in their field of activity, as well as 41 national trade associations from across Europe. Key Responsibilities & Job Description Work with an exciting and fun team advocating the responsible and fast adoption of digital technologies in key policy areas, in particular mobility. You will also learn about issues impacting at a legislative and political level for health , finance, defence, building, and green tech . Our staff seeks to ensure that you obtain training in such areas as government affairs, communications, and political outreach. Many interns who worked at DIGITALEUROPE have since taken permanent roles amongst our staff or with our many global members […]

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CHANDLER, Ariz. – Aug. 27, 2024 – Northrop Grumman Corporation (NYSE: NOC) is redesigning the Intercontinental Ballistic Missile (ICBM) target vehicle for the Missile Defense Agency (MDA). The new design replaces the target’s heritage Trident C4 first stage solid rocket motor with a Peacekeeper SR119 motor to provide extended range, lift capability and payload capacity for ICBM target missions. Northrop Grumman leveraged virtual and augmented reality to fully animate and validate the target vehicle’s new integration and stacking operations, which will be demonstrated later this year. Northrop Grumman modified the retired SR119 rocket motor to serve as a first stage motor, meeting mission performance requirements with minimal changes to its original design. The new ICBM design creates target longevity to support future missile defense testing. The company completed the Critical Design Review of its redesigned ICBM target earlier this month, and the redesigned vehicle is slated to take its first flight in late 2025. It will be compatible with advanced front ends to simulate sophisticated, long-range ballistic missile threats. A rendering of Northrop Grumman’s new ICBM target design, which replaces the vehicle’s heritage Trident 1 C4 first stage motor with the SR119 solid rocket motor. (Credit: Northrop Grumman) Expert: […]

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(Image credit: Getty Images) Tech Mahindra and Google Cloud have announced a new strategic partnership to drive adoption of generative AI across the various business entities of Indian industrial powerhouse, Mahindra & Mahindra. Building on the pair’s existing relationship, the new collaboration will see Tech Mahindra implement AI and machine learning (ML) technologies to enhance engineering, supply chain, pre-sales, and after sales services across its parent company. The partnership will see Tech Mahindra lead the cloud transformation of M&M’s data platform on Google Cloud, as well as manage enterprise applications and simulator workloads. In an announcement, the company said the pair’s combined expertise will deliver “unparalleled value” to M&M’s global customers. LATEST VIDEOS FROM itpro Channel Pro “In today’s interconnected world, having access to integrated data platforms and cloud-based solutions can be a game-changer for driving innovation and gaining valuable insights,” said Atul Soneja, chief operating officer at Tech Mahindra. “This partnership reiterates our commitment to helping enterprises scale at speed, offering them opportunities to unlock new value and grow their businesses through AI and ML -based insights.” Tech Mahindra and M&M will use Google Cloud’s AI technologies to develop AI-powered applications for critical business areas, while Google Cloud […]

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ALLVISIONN/Getty Images Summary. Nearly all transformation efforts face significant challenges that can derail the whole program. These can range from exogenous shocks, such as inflation, supply-chain disruption, or political events; operating-model issues, such as the need to change technology, governance, or ways of working; or human dynamics, such as employee confidence in or ownership of the change. How can leaders identify these turning points — and get things back on track? New research, based on surveys of more than 1,600 leaders and employees involved in transformations, suggests that changes in a team’s emotional energy — their collective mood, vibe, and intensity of emotions — often signals that there’s an issue. Organizations that successfully navigate these turning points look for shifts in the team’s emotional energy, dig into the underlying issues at play, and quickly take action to create the conditions where teams can thrive. Post Post Share Save Buy Copies Print There comes a moment in almost every organizational transformation — even the successful ones — when the program goes off course and leaders need to intervene. As researchers who study transformations , we are often approached by C-suite executives, who ask questions like: What do I do when […]

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IN BRIEF: • Companies can keep pace with rapid technological advancements by embracing digital transformation, upskilling employees to work with AI, and ensuring cybersecurity to protect digital assets. • The success of digital transformation is closely tied to human emotions, necessitating leaders who prioritize empathy and a people-focused approach. • Organizational agility, clear governance, and data governance are key to navigating the complexities of digital transformation. In the digital age, businesses are compelled to continuously innovate and adapt to maintain their competitive edge. The advent of groundbreaking technologies is disrupting traditional practices, compelling companies to undergo digital transformation — a complex process that requires substantial investment. This transformation goes beyond merely adopting the latest technologies; it necessitates bridging the skills gap. As artificial intelligence (AI) gains prominence, there’s a growing need for a workforce adept at integrating AI into its workflows, mirroring the agility of startups that rapidly modify apps based on user feedback. Cybersecurity is equally critical, with data breaches underscoring the importance of safeguarding digital assets as fervently as one would secure a physical storefront. Furthermore, robust governance policies provide the strategic direction needed to navigate the digital domain, akin to a CEO’s decisive investment in blockchain […]

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