eProseed will co-organize the 2017 edition of Oracle's Integration & API Cloud CAB Summit that will take place in Melbourne, Australia. The event will gather Oracle product managers, eProseed's leading experts, and selected customers from Japan and Asia-Pacific (JAPAC), a region in which eProseed has just set up its 9th subsidiary.

eProseed is pleased to announce its participation as an exclusive sponsor in the Oracle Integration & API Cloud Customer Advisory Board Summit for the JAPAC region to be held on March 15 & 16, 2017 in Melbourne, Australia.

The goal of the summit is to create a forum for the exchange of ideas with the Oracle Product Management and Engineering teams in order to provide feedback and help shape the future direction for Oracle Integration & API products both in the Cloud and on-premises. Participants will have a unique opportunity to share ideas, best practices, business use cases and solutions as well as learn from the experience of other Oracle customers drawn from multiple industries. 

eProseed's ACE Directors and members of Oracle's Product Management and Engineering teams will discuss, with a group of hand-picked participants, the transformation now taking place in the market as organizations are moving their business models to the cloud.

"This event is an invaluable opportunity to foster direct relationships with Oracle product teams, and actively influence Oracle product development lifecycle by providing feedback, validating strategies, or testing and evaluating beta releases. It is also a place of choice for sharing our hands-on experience with customers from throughout the JAPAC region", comments Geoffroy de Lamalle, eProseed's CEO.

The Oracle Integration & API Cloud CAB Summit in Melbourne comes as eProseed expands its products and services to a growing number of customers in the JAPAC area. "In particular, contacts have been established with central banks and regulators in the region and a strong interest was confirmed for eProseed FSIP, our supervision and insights platform, along with Oracle Fusion Middleware and Oracle Cloud Integration Services offered by eProseed", explains Geoffroy de Lamalle.

"Asia is now home to the world's fastest-growing economies, which contribute about 40 percent of global output and one-fourth of world trade. With growth come challenges. eProseed will continue to support customers in solving their hardest challenges", adds Jeroen Bolluijt, eProseed's Managing Partner for Australia & New Zealand.

The Oracle Integration & API Cloud CAB Summit will explore the new Oracle iPaaS integration services that enable users to quickly integrate on-premises and cloud, mobile or IoT applications, including Oracle Integration Cloud, Oracle SOA Cloud Service and Oracle API Manager Cloud Service.

iGTB, the Global Transaction Banking division of Intellect Design Arena Ltd, five Austrian Raiffeisen Regional Banks (Raiffeisenlandesbank Niederösterreich-Wien AG, Raiffeisen-Landesbank Steiermark AG, Raiffeisenlandesbank Oberösterreich Aktiengesellschaft, Raiffeisen-Landesbank Tirol AG and Raiffeisenlandesbank Vorarlberg Waren- und Revisionsverband regristrierte Genossenschaft mit beschränkter Haftung) and Raiffeisen Bank International (RBI), Vienna, a leading banking group in Austria and Central and Eastern Europe, have agreed a contract to implement a comprehensive digital trade finance platform.

The deal includes provision of both an advanced and intuitive client portal, as well as a full digital back-end infrastructure, thereby standardising Raiffeisen’s operations across numerous legal entities and client segments and providing guarantees, letters of credit, collections and financings through efficient digital channels.

The iGTB solution enables Raiffeisen to automate its operations better and adapt to continuing business and market demands. This includes the specifications for SWIFT’s upcoming trade finance changes in 2018 and 2019 further simplifying operations and reducing costs for the banks.

Sabine Zucker, Division Head Trade Finance & Transaction Banking Raiffeisen Bank International says: “This is an important programme for us, driving not only excellence and important improvements in our offering to clients, but also digitising and streamlining our internal processes and creating further efficiencies. iGTB’s technology will help us harmonising our processes as well as reducing risk and complexity in our operating model, with the concomitant benefits to our clients.”

Hans-Jörg Preining, Division Head of Operations, Raiffeisen Landesbank Oberösterreich Aktiengesellschaft: “Replacement of our current IT-system and selection of iGTB as partner for this important IT-project allows us to improve services not only for our clients but also for our partner banks (our shareholders) for whom we already handle international documentary business. Our aim is not only to harmonise processes, increase efficiency, continue to meet internal and external regulatory requirements but also to be and remain fit for the future. We are convinced that in having selected iGTB as partner for this project, we will be able to strengthen our current position in the market.”

 “We are delighted to be working with Raiffeisen and helping them with their trade finance services. We have always believed it possible to simplify complex and disparate processes and build our software this way. Raiffeisen were pleased with this, and the opportunity it gives them to bring even more solid benefits to their customers. This deal also represents an important milestone for us as we increase our existing presence in Europe,” adds Manish Maakan, CEO of iGTB.

SafeCharge, a leader in advanced payment technologies, today announced that it has been selected by online travel agent (OTA) Anywayanyday to provide payment services. Anywayanyday was looking to improve transparency and control around its payments, to better combat fraud and improve business efficiency. As part of the collaboration SafeCharge will be providing card acquiring, enhanced back office and financial reporting, improved resilience, with unparalleled availability, and travel-specific fraud protection. The announcement builds on the continued growth of SafeCharge in the travel sector with wins such as El Al Airlines.

The travel industry is increasingly demanding, with the traditional agency model giving way to a digital-first approach with OTA’s like Anywayanyday growing rapidly. These OTAs are not only accepting payments from consumers across an increasingly multi-channel environment - especially as mobile becomes more popular - but also need to reconcile payments with their travel partners:  airlines, hotels, tour operators, etc. The delay between booking the service and the use of that service (often months) creates risk as the card used for the initial booking may later be found to be fraudulent when the full transaction is settled.

Furthermore, OTAs are subject to frequent fluctuations in transaction volumes, creating a need for a payments platform with continuously high uptime. Businesses operating within the travel sector run the risk of incomplete transactions, reducing bottom lines and increasing customer churn if the payment system cannot meet this need.

“As the market becomes more demanding, clear and concise financial reporting is critical to business performance. The ability to drill-down as far as a single transaction will give us the transparency we need when working with multiple partners across different geographies over extended time frames,” said Evgeny Shukhlin, CEO, Anywayanyday. “The unparalleled uptime of SafeCharge ensures we’re always open for business, and the simple yet sophisticated fraud solution - managed from a single point - safeguards our customers and our partners. This level of transparency and control is unprecedented, in our experience. SafeCharge has put us back in control of our payments.”

“The travel industry is transforming as traditional players and digital platforms collide. This means that existing payment solutions aren’t fit for purpose in many cases,” said Yuval Ziv, COO at SafeCharge. “We’re invested in transparent, resilient and highly secure payment services, designed specifically for the travel industry to meet its challenges head on. Anywayanyday is a major win for us as we grow our footprint in the sector and it is a testament to the effectiveness of our services.”

Gemalto, the global leader in digital security, and Airtel Lanka today announced the deployment of Gemalto's Device Management platform in Sri Lanka that enables Airtel's subscribers to have instant access to their favorite 4G data services such as email and internet. Gemalto will also provide powerful marketing tools for targeted promotional campaigns and allows its subscribers to experience 40% faster internet. 

Switching to a new mobile device is very common for subscribers in Sri Lanka. With the help of this solution, Airtel Lanka is able to automatically detect and configure its subscribers' devices over-the-air and avoid any interruptions in their internet services. Gemalto's solution provides the industry's largest knowledge repository of over 175,000 device references from over 2000 manufacturers. This library is constantly updated to include the latest, local, and even non-branded models not recognized by GSMA, allowing Airtel to offer an out-of-the-box experience to its subscribers. The proven Gemalto Device Management platform already manages more than one billion devices worldwide. 

"Youth are always the early adopters of any trend. It is the same with smart phone devices as well. However, we find that a lot of them experience interruptions in accessing internet services because networks fail to correctly identify the type of device and device settings," said Mr. Jinesh Hegde, CEO and Managing Director at Airtel Lanka. "With Gemalto's solution, we are able to offer uninterrupted services irrespective of the kind of device they use, allowing our subscribers to experience 40% faster internet." 

"In Sri Lanka, the smartphone vendors are competing to launch low-cost models to capture the local market, increasing device diversity like never before," said Sashidhar Thothadri, Senior Vice President, Mobile Services & IoT, South Asia & Japan at Gemalto. "With our complete solution, Airtel can now not only save up to 40% of customer care costs due to configuration-related issues, but also boost customer intimacy and revenues with accurate analysis of devices and usage patterns." 

GoldenSource, the leader in providing Enterprise Data Management (EDM) and Master Data Management (MDM) solutions for the securities and investment management industry. Today the company has announced that the Australian Securities Exchange (ASX) selected its latest technology to fully automate the creation and rollovers of approximately 20,000 futures and options contracts annually.


The contracts will be created and published on intra-day, weekly, monthly and quarterly cycles depending on the asset class. All ASX’s new equities and futures listings are now automatically published to multiple operational and test systems, removing manual maintenance by four operations teams.The move is part of ASX’s Futures Contract Maintenance Automation (FCMA) project, which will make it easier to manage complex derivatives contracts.

During a recent production run, more than 3,300 records were automatically listed over three separate environments. Previously this would have involved manual triple keying into different systems, so this is a significant efficiency gain. 
ASX, which has been using GoldenSource software since mid-2012, aims to reduce maintenance costs and risk, as well as speed up new product development through this latest enhancement.

“It’s a great achievement that the go-live has gone so smoothly, considering that the upgrade was implemented simultaneously with a major increase in functionality,” said Neill Vanlint, Managing Director, of EMEA and Asia at GoldenSource. “With no signs of slowdown in the creation of new derivatives contracts, increasing automation is key to solving the maintenance overhead issues facing the majority of exchanges today.” 

The implementation represents a significant increase in GoldenSource’s footprint at ASX, and is the latest step towards the exchange consolidating its reference data platforms. 

Real-time, Cross-channel Banking Enterprise Financial Crime Management software product company CustomerXPs today announced that it will be showcasing their acclaimed product Clari5 at the upcoming MEFTECH event scheduled to be held at ADNEC, Abu Dhabi on 13 & 14 March.

MEFTECH brings together the entire financial technology community from across the Middle East and North Africa (MENA) region. Featuring industry-leading conferences, a tightly focused trade exhibition and much more, MEFTECH is the definitive platform where top decision-makers share insights with technology providers and collaborate to rethink financial services. Year after year, MEFTECH attracts the MENA financial industry’s best and brightest minds, serving as a conduit for innovative ideas and thinking.

Voted Best Fraud Detection Product by Risk.net and positioned as Enterprise Solution in Chartis RiskTech Quadrant, Clari5 has the world’s largest implementations and is helping banks in over 8 countries, manage more than 500 million accounts. Clari5 is a non-invasive, real-time, cross-channel system that cross-pollinates intelligence from across all channels and business-critical systems including Core Banking, Loans, Mutual Funds, Cards, POS, ATM Switch, Internet Banking, Mobile Banking, SWIFT, Trade, HR, etc. Its unique architecture ensures horizontal linear scaling using commodity hardware.

Rivi Varghese, CEO, CustomerXPs said, “Banks in MENA are under increasing pressure to quickly detect, prevent and block cross-channel fraud and financial crimes across banking channels, products, and core systems in real-time. The efficacy increases dramatically when the bank unifies all fraud management into a single platform with a 'central-nervous-system approach' which ensures that the massive compute and data management is performed in extreme real-time, across all channels and in-line with the transaction itself. I am excited that we have a platform like MEFTECH that allows banks in MENA to discover this whole new approach to fraud management.”

CustomerXPs will be showcasing Clari5 at ADNEC D4, Hall 5 along with Finesse, their premier technology partner for MENA.

VIMOC Technologies (VIMOC), an innovator of smart infrastructure solutions and Internet of Things (IoT) applications, today announced the general availability of the neuBox™ OEM solution, the industry's first IoT edge computing device with an integrated embedded platform for artificial intelligence (AI), enabling the transformation of sensory data into business and operational intelligence through the fast, scalable and global deployment of IoT applications and cloud services.

VIMOC has selected the NVIDIA Jetson TX1 to deliver advanced AI capabilities and process visual sensory data at unprecedented levels of speed and accuracy. The Jetson TX1 is the world's leading embedded AI computing platform that delivers unmatched performance and energy-efficiency. This makes it an ideal solution for VIMOC's customers seeking to gather and process real-world data and convert it to meaningful intelligence that can be used to monetize their IoT enabled business models.

The Internet of Things is transforming organizations across all industries worldwide to enhance productivity and drive cost savings. However, connecting many "things" can be complex, expensive and time consuming. Today's conventional platforms aren't optimized to handle streaming sensor data with spatial and time-series attributes, and real-time imaging data. Existing IoT solutions are unable to provide the scale and performance that allow this type of data to be analyzed in real-time for immediate action. 

By deploying a fleet of neuBox edge devices in an intelligent network, customers can create a cognitive computing layer distributed geographically, providing access to live data for advanced, real-time analytics. The neuBox™ enabled Rosella™ software stack includes a modular wireless connectivity design (i.e. supporting standards such as BLE, Zigbee, Lora, 3G/LTE, WiFi) to manage any type of machine, including industrial equipment, infrastructure, building automation systems, laboratory and medical equipment, automation systems and construction equipment. neuBox™ devices can be monitored, managed and controlled remotely through Rosella™ cloud device management services. 

The neuBox edge device meets requirements for reliable low-latency response processing data at the edge for high-traffic volume and selective transmission through distributed computing.

"We designed the neuBox device to strengthen the IoT infrastructure by off-loading the processing to the edge before passing it to the cloud," said Tarik Hammadou, CEO of VIMOC Technologies. "Our partnership with NVIDIA and the integration of the Jetson platform within our full stack, Rosella™ software enables us to deliver the next-generation of AI-driven gateways that promises to revolutionize IoT and automation."

"As more AI moves from the cloud to the edge, Jetson is the best platform to turn complex data into powerful insights. Our work with VIMOC ensures more cities and their infrastructure are intelligent and secure," said Deepu Talla, vice president and general manager of the Tegra business at NVIDIA.

The neuBox is available for original equipment manufacturers (OEMs) to build into their solutions or for building and factory automation customers as a turnkey IoT solution. The neuBox supports enabling applications with a deep learning framework through next-generation SDKs built around data annotation and neural network training services.  

For infrastructure operators, the neuBox is the vehicle enabling deep learning technology to address many pressing problems including energy consumption, asset management, traffic congestion, and more. For example, campuses like the University of Santa Clara are already using neuBox™ gateways to enable two IoT applications for pedestrian crosswalk safety and parking garage occupancy, the city of Palo Alto implemented a safe route to school program using 45 pedestrian/bicycle counting stations, and parking garages in Redwood City are using the neuBox to enable a parking way finding solution with high resolution LED signage. 

The challenge of expanding consumer finance to China’s vast population can only be effectively tackled with a high-tech solution that enables low-cost customer acquisition, Dr. Zhengyu (Zane) Wang, founder, chairman and chief executive officer of China Rapid Finance Limited (“CRF” or “the company”), told the LendIt USA 2017 conference.

Over the past two decades, China has emerged from being a market that in 2000 featured essentially no credit bureau, decision science, or consumer finance, Dr. Wang said in a March 7 keynote address at LendIt USA 2017, which was held at the Jacob Javits Center in New York City. China’s consumer finance market today boasts many of the same elements as the U.S. China now has a central bureau for credit reporting that covers 800 million people, while credit cards serve about 300 million people, he said.

Still, China’s consumer finance market has a long way to go, in a nation where non-mortgage credit is only 2 percent of GDP, Dr. Wang told the LendIt audience. Only about 16 percent of Chinese consumers have credit cards, compared with about 60 percent in the U.S. 

Some 500 million people still have no access to consumer credit, despite having quality jobs, and rising discretionary spending, Dr. Wang said. This consumer segment has been labeled by CRF as Emerging Middle-class Mobile Active consumers, or EMMAs. The group is characterized by people who are typically 18-29 years old, well-educated, urban, and avid smartphone users. Licensed financial institutions have generally not served this population for a variety of reasons, including the strict regulation of lending rates, and the high cost to collect data from such a large group, he said.

Serving this group effectively demands a high-tech solution utilizing Big Data analytics, Dr. Wang said. CRF has become the largest consumer lending marketplace in China in terms of number of loans facilitated by developing innovative and proprietary technologies that use machine learning and Big Data algorithms to analyze thousands of points of non-traditional and unstructured data. The company uses multiple data channels and draws from online behavior and transactions as data sources, enabling low-cost customer acquisition, he said.

The company’s marketplace lending platform is the only one in China to use Predictive Selection Technology to acquire customers on a massive scale at low cost. This has allowed CRF to facilitate more than 10 million loans as of December 31, 2016.

CRF’s unique technology helps EMMAs to build their credit histories by enabling a “low and grow” strategy to meet their lifetime credit needs. Users start with small consumption loans, to pay for a dinner or an e-commerce purchase, and through repeat borrowing and timely repayment, they can work their way up to larger lifestyle loans for purchases such as travel, education and healthcare.