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  • 08:00 am

Today Top Image Systems, Ltd., a global leading provider of intelligent content processing solutions, announced that the Company is gaining accelerated traction in the high-growthAccounts Payable Automation market segment and showcasing eFLOW AP for SAP at the Financials 2017 event starting today in Las Vegas.

Building on its strong heritage in invoice capture, the company released its next-generationAccounts Payable Automation solution in Q2 2016.  Certified for SAP HANA, the eFLOW APsolution extends the company’s powerful data extraction and validation technology with integrated workflow approval, streamlined exception resolution, posting and payment. 

“The positive feedback both from our existing customers who have upgraded to the new solution as well as from our early adopter customers who successfully rolled out in 2016 provides a solid foundation for us to capitalize on this market opportunity in 2017 and beyond,” commented Brendan Reidy, CEO. 

The company is showcasing eFLOW AP for SAP in Booth #615 at Financials2017, the leading conference focusing on SAP solutions for finance, which begins today at The Mirage Hotel in Las Vegas.  

 

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  • 09:00 am

Deutsche Bank has opened an innovation lab in New York, its fourth globally after Silicon Valley, Berlin and London.

The giant German bank says the lab in Lower Manhattan’s Fulton Center will explore new technologies focused on several areas, including artificial intelligence, cloud technology and cyber security.

With the core banking franchise running into difficulties at home and abroad, Deutsche Bank has set its sights on a future as a technology company, opening a digital factory in Frankfurt where staffers can work alongside fintech startups, and striking partnerships with accelerators and academics to tap into fresh ways of doing business.

Elly Hardwick, head of innovation at Deutsche Bank, says: “We want to make Deutsche Bank the first stop for start-ups. Through our global network of innovation labs, we are combining fresh ideas from fintechs with the scale and infrastructure of a global bank.”

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  • 02:00 am

Westpac is working with Israeli-based startup PayKey on technology to add banking options to the bottom of a screen on a messaging app.

PayKey has been doing the rounds of startup contests over the past year, graduating from the MasterCard StartPath and BBVA Open talent programme, winning a Santander 'Pitch Slam' event in Israel, and currently going through an accelerator programme with India's Yes Bank. 

The firm, which recently raised $6 million in Series A funding, enables banks to provide their users with peer to peer payment options through any social and messaging platform. PayKey's keyboard app bridges the gap between bank applications and social networks by adding optional banking icons to the bottom of the screen during in-app conversations.

Santander is running a number of trails of the technology across its global network having participated in Paykey's latest funding round. Now Westpace is trying out the technology - under the brand name Westpac Keyboard - as part of a drive into new payments territory, including the development of wearable devices.

The tie-up with PayKey was reported in the Australian Financial Review in a chat with Westpac's consumer banking chief executive George Frazis.

Frazis told the paper the Westpace Keyboard would make its debut later this week. The bank - which has previously been an advocate of PayTag contactless stickers - is also exploring new wearable payment options, handing out fitness bands with a clip-on contactless chip to employees.

Much like Barclays Bpay, the wearable chip will initially be available in a smart wristband later this year. The chip could be stitched into clothing or attached to any other jewellery or accessories, Frazis told the AFR.

"Effectively what we have done is combined the antenna and the chip into one element that you can then put into any accessory that is convenient for the customer," Frazis said. "This has unlimited potential for fitting in with whatever your lifestyle is."

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  • 01:00 am

BLUE BELL, Pa., a leading SaaS platform provider enabling channel delivery of cloud communications, today announced the addition of the BroadWorks call control services to its SwitchConnex platform enabling its channel partner community to sell to a wider range of customers.              

CoreDial is now the only company to offer a multi-switch and carrier-grade software platform that supports both Asterisk and BroadWorks, empowering channel partners to support any type of customer, including small businesses to large multi-site enterprises. With the addition of BroadWorks, CoreDial partners can now offer options to their customers, and a more diverse set of feature packages to customers of all sizes. Ultimately this enables the channel to win more deals, deliver better and more reliable services, and realize higher profit margins.

“Previously, in order to meet the needs of enterprise customers, we would’ve had to partner with a vendor as an agent and we weren’t willing to lock our brand and revenue to that type of partner. CoreDial offers freedom of choice, higher margins and puts their partners’ brands first, which makes a huge difference for us,” said Chris Casale, owner of PureEdge Technologies. “Today, CoreDial is the only vendor that enables us to offer features and solutions to meet the needs of any size client, allowing us to scale our business into larger enterprise environments.”

More than 40 percent of hosted PBX seats globally are on the BroadWorks platform, and more than 800 service providers around the globe have deployed BroadWorks. This trusted software is now available to all CoreDial partners on the SwitchConnex platform. In fact, they will find the same efficiencies they have come to expect on SwitchConnex for Asterisk and be able to leverage those efficiencies for their full client base regardless of which call control platform they’re deploying.

  • Multi-Switch Flexibility: The ability to leverage both Asterisk and BroadWorks on the SwitchConnex platform enables channel partners to address the needs of any business environment, from a small, one location business to large, multi-site enterprises. Channel partners can select the right software and interfaces to use for the right business at the right time.
  • Carrier-Grade Reliability: The BroadWorks platform enhances switch reliability with a physical and geographical redundancy. SwitchConnex for BroadWorks offers this geo-redundancy along with CoreDial’s multiple in and outbound route options for voice and data to instantly provide carrier-grade call and network reliability.
  • Administrative Efficiencies: SwitchConnex for BroadWorks also provides multi-site billing capabilities which enable partners to invoice correctly, including taxes specific to each location.
  • Extended Contact Center Capabilities: SwitchConnex for BroadWorks also offers extended advantages for contact center environments, including analytics and performance monitoring functions.

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  • 04:00 am

Complete XRM, Inc., the culture-of-productivity experts, announced it has acquired Fanatic Software, makers of the Pocket Informant Mac, iOS, and Android productivity apps. A software developer of mobile and Mac applications with over 4 million app downloads over its 17-year history, Fanatic Software, based in Cedar Park, Texas, will continue to operate, develop and support the Pocket Informant product line. 

“Fanatic Software has built an excellent reputation with its products, and we have tremendous respect for the community of users that support Informant,” said Keith Norris, CEO of Complete XRM. “We are on a mission to drive and define the Culture of Productivity®with our PlanPlus brand. Pocket Informant is one of the best and most loved personal productivity tools on the market. We’re excited to bring these two businesses with common purpose under one roof so that customers of both can benefit from the complementary capabilities that will be coming to each of their product brands.”

With the acquisition, the Informant team will stay intact. As the new home of Informant, Complete XRM will offer its marketing and development resources to help Fanatic Software continue to deliver a comprehensive offering of personal and organizational productivity tools—while strengthening its own product suite.

“It's great to see the expansion of another home-grown company,” said Spencer P. Eccles, Investor/Chairman and former Executive Director of the Governor’s Office of Economic Development for the State of Utah. “In my former role as the head of GOED we always celebrated the expansion and growth of successful companies like Complete XRM. I've watched Complete XRM for over a decade and I love seeing CEO and co-founder Keith Norris and his team adding Utah jobs.”

“We had been looking to expand our vision for our flagship product Informant by offering more support for Android, Windows, and web platforms,” said Alex Kac, developer and CEO of Fanatic Software. “By joining with Complete XRM we can now offer more collaborative, sync, and business features to Informant as well.”

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  • 04:00 am

Gemini, a provider of the leading security analyst platform to rapidly deploy, manage and achieve true situational awareness across data and security solutions, today announced that Arrow Electronics has become a distributor of Gemini solutions. With this agreement, Arrow will distribute Gemini’s products and services across Europe. 

“The Gemini Security Appliance for Splunk is the perfect addition to our portfolio, so we’re honored to be chosen as the distributor in Europe,” said Eric Nowak, President, Arrow ECS EMEA. “We see great potential in Gemini’s solutions, particularly when bundled with our high performing big data and security offerings. Our customers are always looking for ways to innovate, reduce costs, and improve efficiency. With Gemini, we will continue to deliver on this promise for our customers.”

Arrow, a Fortune 120 company with 18,700 employees worldwide, optimizes the efficiency with which organizations can store, manage, protect and deploy their data.

As the adoption of data technologies scale, organizations are overwhelmed with complexity and have limited resources. Leveraging our solutions helps scale their use of data and reduces total cost of ownership associated with deploying and managing leading data platforms,” said Tony Ayaz, Gemini CEO. “We are very excited to expand our reach in Europe with Arrow. They have an amazing history and been a strategic value-added distributor for many successful organizations that rely on their massive network.

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  • 09:00 am

IT Glue, the world's fastest-growing documentation platform, is pleased to announce it has attained SOC 2 compliance. Considered the premium level of compliance, SOC 2 is only granted to organizations who have been verified by third-party auditors as operating with the highest standards in data security.  

In order to be granted SOC 2 compliance, IT Glue had to demonstrate strict security practices across multiple functions including its infrastructure, software, processes, availability, data management, and governance. Having passed the audit on all levels, IT Glue can now officially offer its partners the highest level of trust and peace of mind, no matter how sensitive and confidential their data is. 

For IT Glue's CEO Chris Day, having received SOC 2 compliance is a testament to the company's trajectory. "SOC 2 is the industry standard in SaaS," says Day. "Achieving compliance was a lot of work; it really emphasizes our commitment to the privacy and security of our partner data."  

According to the company's VP, Product Luis Giraldo "SOC 2 is about trust. We've always worked tirelessly to gain our partners' trust, and now this trust is validated and verifiable." Giraldo adds "Our partners can have the highest degree of confidence in our security. There are a lot of businesses that require SOC 2 of their partners, and now those businesses can work with IT Glue." 

As a new gold standard in data security, SOC 2 compliance for IT Glue will be particularly beneficial for MSPs with industry specialization such as healthcare and government, where it is considered an essential prerequisite for doing business. With an aggressive product development roadmap in motion, IT Glue partners can expect more exciting announcements for benefiting their business in the near future.

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  • 08:00 am

Today linked2pay announced the deployment of real-time delivery of merchant accounts to its Bank Centric Payments platform. Now, the company’s ISO and reseller partners can enroll with a participating sponsor bank to leverage a paperless, real-time process to register, underwrite and board their merchants for card processing. It also includes the ability to monitor and manage the ongoing risk of a portfolio by leveraging integrations with 3rd party business analytics service providers.

"As an ISO already on the platform, we have been waiting for this to go live. Now, when our merchants complete the registration and click submit, they immediately get a welcome email so they can login, access Live Help and start accepting payments. It even includes a simple process in the event a merchant gets declined that keeps me, as the ISO, in complete control of the process," according to Jim Malcolm of Veritas Payment Advisors.

This new enhancement of card sponsorship and real-time merchant account delivery is designed to make the platform a focal point for banks, ISOs and resellers in a more cohesive process. The linked2pay platform consolidates an array of options for accepting card (including real time payments), ACH (with same-day approval and delivery) and RDC payments via online forms, mobile, text, email, virtual terminal, phone (IVR), shopping cart checkout and Remote Deposit (RDC).

"This gives banks, ISOs and resellers everything they need to acquire a merchant - and instantly provides them with the seamless onboarding of a complete payment solutions platform. This unique enhancement means linked2pay partners can focus on delivering integrated payment solutions immediately, without the usual shuffling or chasing down of paperwork," says Chris McNulty, linked2pay board member.

As with any merchant account, those issued via the Bank Centric Payments platform can be utilized for any card brand approved payment acceptance, or processing purpose.

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  • 09:00 am

New research held by the FSN Modern Finance Forum, titled “The Future of Financial Reporting Survey 2017”, suggests that the financial reporting process is teetering under the strain of new information demands, a spreadsheet-spiral, a fragile reporting ecosystem and consequent problems in boardroom. ClusterSeven, the leading global supplier of strategic spreadsheet and end-user computing (EUC) management software, has partnered with FSN on this report.

97% of CFOs are kept awake at night by at least two aspects of the reporting process and by far the most pressing concern (62%) for finance teams is that they will not meet all their reporting deadlines. Financial reporting, whether for internal or public consumption, forms the bedrock of the finance function and is often the primary and most visible measure of the finance function’s professional competence and standing.

The research was conducted amongst the 49,000 members of the FSN Modern Finance Forum on LinkedIn globally and represents one of the largest and most authoritative global surveys of its kind. 977 senior finance professionals responded to the survey covering 23 countries and 13 industry sectors.  Approximately half of the respondents were from organisations with more than 1,000 employees.

“Understandably, many CFOs view self-service reporting as a panacea and way to offset the constant pressure on finance resources, but our research identifies that with so many fault lines in their regular reporting, many enterprises are simply not ready to allow users to help themselves.  One quarter of organisations have reduced their finance headcount in the last three years, and 40% have kept headcount flat in the same period.  In these circumstances, self-service reporting would simply make matters much worse,” says Gary Simon, FSN’s Chief Executive Officer and the leader of the Modern Finance Forum.

“For the first time this report pinpoints why spreadsheets are spiralling out of control and how this sets up a chain of events that ripples all the way through to the boardroom.  But it also sheds light on how the spreadsheet-spiral™ can be broken, using unified transaction and performance management systems in the cloud that can more easily change as an organisation changes.  Once these issues are addressed it is feasible to contemplate more effective spreadsheet governance, document management and self-service reporting,” adds Simon.

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  • 06:00 am

Today InnoLight Technology, the leading provider in next generation cloud computing optical transceivers services, announced volume shipments of a complete suite of QSFP28 products. InnoLight also announced the availability of Industry's first 400G OSFP at OFC 2017.

With the convergence of Telecom, Mobile, Enterprise, and Data Center networks into cloud network architecture, the demand for ubiquitous, high bandwidth and low cost optics just exploded. 100G QSFP28 has become the de-facto standard for optical interconnects for the cloud networks. On a $/Gbit basis, 100G QSFP28 is more cost effective than 10G SFP+ and 40G QSFP+, and in some cases, by a significant margin. Due to this unrivaled price performance, all industry participants are rapidly rolling out QSFP28 connections. To support this rapid adoption, InnoLight has introduced the most comprehensive portfolio of QSFP28 optics in the industry:

Altogether, InnoLight currently has 17 QSFP28 parts in mass production. Beyond 100G, the next milestone is 400G. To enable 400G expansion, InnoLight will introduce and conduct a live demo of Industry's first 400G OSFP optics at OFC in Los Angeles this year.

"4X architecture has been proven as the most cost effective optical platform for high bandwidth optics. This platform has become the dominant solution in both 40G and 100G. We expect this platform to continue its success into 400G, either in 4x50Gx2 or 4X100G architecture. InnoLight is aggressively driving 400G development in both OSFP and QSFP-DD form factors to continue to deliver the best price performance optics in the industry," said Osa Mok, Chief Marketing Officer of InnoLight Technology.

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