Singapore-based Lightnet Group ("Lightnet") announced today the completion of Raffles Family Office's ("Raffles FO") strategic investment. The funding will support Lightnet's ongoing operations and help enhance the development of Lightnet products and solutions.

As part of the transaction, Lightnet will secure a strategic stake in Raffles FO's digital asset wealth management platform, Revo. The partnership will provide valuable technical support and payment infrastructure to drive and deliver success for both parties, by enabling Lightnet to expand its payment ecosystem to cover institutional funds transfer, a major component of Raffles FO's service offering to support ultra-high-net-worth (UHNW) families in the region through Revo. The partnership reaffirms Lightnet's vision to revolutionise the payments and remittance space with next-generation infrastructure and services across the entire spectrum, from the unbanked or underbanked, to wealthy individuals and family offices.

Raffles Family Office Group CEO Chi-man Kwan said:

"We are delighted to participate in the strategic investment in Lightnet which focuses on the next-generation financial infrastructure. At Raffles Family Office, we are committed to driving the development of a wealth management platform built for the digital future and synergies with like-minded innovators in a collaborative ecosystem to enable and optimize digitalization in finance. We will continue to play our part in revolutionizing the world of finance, working together with partners to unlock the potential of blockchain technology."

Lightnet Co-Founder and Chairman, Chatchaval Jiaravanon, said:

"This agreement will see more adoption of Lightnet's next-generation financial infrastructure. This is key to expanding our payments and remittance services. We are very excited to be able to join forces with Raffles Family Office and hope this agreement will bring meaningful growth for our payments infrastructure and the asset-based platform. Lightnet's network will provide borderless and formless financial mobility infrastructure for Revo digital asset wealth management platform to move the fund anywhere in the world."

Auriga, a global software provider for the omnichannel banking and payments industry, today announced a significant development of its digital self-service branch solution Bank4Me. IOLE is a powerful virtual assistant that intuitively and fully answers customers’ needs and provides extended assistance when they use Bank4Me.

Running on digital hubs inside new-style branches, Bank4Me allows customers to access all the services of the bank in self-service mode and interact with the bank's consultants via video and audio assistance, in a safe and personalised way.

The new IOLE virtual assistance maximises Bank4Me #NextGenBranch capabilities to support customers and educate them on new features and financial products, further improving the experience of using digital self-service branch services. IOLE offers a wide range of functions depending on the needs of the customer:

• Integrates into the Bank4Me desk and is activated by motion sensors to welcome the customer and offer its services.
• Offers fully automated assistance through voice commands, without the need for the customer to physically interact with the Bank4Me desk.
• Explains the functions and components of the Bank4Me desk, allowing customers to become familiar with the entire workstation.
• Provides information regarding all operations that can be carried out with Bank4Me including account balance checks, transactions, branch opening/closing times, and promotions. 
• Completess a transaction on behalf of the customer and guarantee the accuracy of its execution. 
• Autonomously starts interaction with a bank’s consultants via video conference for more complex transactions in a safe and personalised way, if required by the customer. 

Vincenzo Fiore, CEO of Auriga said: “We are committed to creating innovative software and setting the benchmark for banking service solutions that truly serve the needs of customers, banks, and ATM operators. IOLE enhances the experience customers have when using Bank4Me inside branches, furthering our goal of enabling banks to invest in new digital branches that deliver smarter, more personalised, services while being much more operationally efficient to run.”

Banks can extend their use of IOLE by easily integrating with third-party service providers such as travel or event ticket payments. This enables a faster time to market for new services and revenue-generating opportunities. Additionally, IOLE uses machine learning to improve how it works with customers and supports branch banking processes.

Among the first Bank4Me users is the Italian retail bank, Banca Carige, which uses the Bank4Me desk in four fully digital branches. These provide branch banking services 24/7, while reducing operating costs by 38% compared to traditional branches.  

Jack Henry™ announced today that The Maries County Bank has selected Jack Henry to elevate the digital customer experience and support community growth.

Vienna, Mo.-based The Maries County Bank has deep roots in the region’s agricultural industry, having served the community since 1900. The $571-million asset bank selected Jack Henry to provide employees and customers with a single, modern, and flexible platform that will automate processes and boost efficiency while continuing to deliver high-touch customer service. With Jack Henry, the bank will gain access to open technology, including core and digital cloud-based solutions such as the Banno Digital Platform™, which will enable the delivery of a more seamless and fast user experience.

“Jack Henry is powering our digital transformation, making it possible for us to continue to grow organically and maintain our key role as the community’s local hometown bank,” said Terry Helton, president and chief executive officer of The Maries County Bank. “This new technology plan will modernize our existing solutions, like our online banking platform, and allow us to add new products to our suite, such as an enhanced rewards program, improving customer experience and satisfaction.”

Jack Henry’s open integration and access to over 850 third-party fintechs were also important for The Maries County Bank. “Jack Henry’s comprehensive technology platform will enable all our systems to integrate smoothly, eliminating roadblocks, expediting internal processes, and saving us time to focus on our customers,” Helton added. “It will also allow us to pick our fintech vendors of choice, and integrate them seamlessly into our system, making sure we are always offering the most suitable solutions for our community’s needs.”

Stacey Zengel, senior vice president of Jack Henry and president of Bank Solutions, said, “The Maries County Bank has shown its commitment to its local community over the last 122 years, delivering high-touch banking services fitted for everyone’s needs. In today’s digital age, bank needs a comprehensive technology platform to help them preserve their central role in their community and meet customer needs for a modern and user-friendly digital banking suite. We are proud to assist them on their digital transformation and help them continue to build their strong legacy.”

After successful 14 editions of BFSI IT Summit, Exito is all set to host another milestone event - which serves as an ideal platform to enhance the experience to latest insights in “Re-Imagining the Future of BFSI in KSA”. Accelerated digital transformation and fast changing business environments have been playing an important role in re-shaping the BFSI sector in Saudi Arabia. As the sector continues to drive innovation, the IT leaders find themselves looking for new ways to define their digital transformation strategy comprehensively, outgrow competition and stay relevant. With the risk of real challenges but great potential rewards, customer-centric approaches, automation of processes and security concerns continue to be top of mind for the IT leaders from the BFSI sector.

The 15th Edition of the BFSI IT Summit: Saudi is an in-person conference bringing together the top IT Leaders from the fraternity. It aims to be a learning and networking platform curated to deep dive into the imminent challenges in BFSI and the best practices to overcome the same. The key focus will be around Automation, Digital Customer Experience, Minimizing Evolving Cyber Security Threats in Enhancing the Customer Journey.

The summit is an ideal platform for Technology and Innovation Leaders to Meet, Interact and Gain new insights on the digital transformation and innovations from the Banking and Financial Services Industry. At BFSI IT Summit Saudi, you will hear from top IT experts on strategy, action plans and best practices towards building an agile digital organization.

The summit will bring together 150+ IT Leaders, CIO, CTO, VP/ AVP-IT, Director IT, CDO, General Manager IT to discuss the best practices in Cyber Security and engaging in panel discussions, industry keynotes and solution showcases that will enable IT leaders to chart out the optimal strategic path.

Advisory board:

• Sanjeev Nawani- Digital Business Servicesleader for all portfolio companies, Public Investment Fund, Kingdom of Saudi Arabia.
• Younes AlMogerah- IT & Digitalization Director Zakat, Tax and Customs Authority Kingdom of Saudi Arabia.
• Ramyan Alramyan- Chief Risk Officer, Saudi Tadawul Group: Securities, Clearing Center Company “Muqassa”, Kingdom of Saudi Arabia.

Speakers like Sanjeev Nawani- Digital Business Servicesleader for all portfolio companies, Public Investment Fund, Kingdom of Saudi Arabia,Younes AlMogerah- IT & Digitalization Director Zakat, Tax and Customs Authority Kingdom of Saudi Arabia,Ramyan Alramyan- Chief Risk Officer, Saudi Tadawul Group: Securities, Clearing Center Company “Muqassa”, Kingdom of Saudi Arabia, Issa Al Hurimmees- Group Chief Retail Risk Officer, Al Rajhi Bank, Osama Bukhari- Head of Banking Commission, The Saudi International Chambers of Commerce, Imran H hashim- IT Infrastructure Director, Medgulf Saudi Arabia, Dr. Ahmed Darwish- Head of Digital Delivery,Bank Albilad among many others will be sharing their experiences and expertise at the Summit.

  Event registration has commenced for Delegates and Sponsors.

• The delegates will be exposed to in-depth, trend-forward sessions & workshops - practical takeaways and ideas to keep you ahead in the digital economy.
• The sponsors will be able to create an overwhelming branding in the event along with meeting their prospects and displaying the products.
• Hundreds of seasoned marketers, strategists, designers, and more to network and connect with. Meet your customers, vendors, expert resources, friends and colleagues on the 7^th of November 2022.

Register Today to engage at this grand event as the slots are filling up fast.

To know more about the event, www.bfsiitsummit/saudi/

About Exito:

We are a global B2B business events company focused on crafting bespoke solutions and contexts by designing platforms that create new business opportunities for our clients across concepts and industries. We cherish the trust over the last 12 years garnered from our partnering organizations globally, and with a growing team of young, vibrant, and creative individuals, Exito aims at success and perfection!

Nutanix has announced that it has been named as a Visionary in the Gartner October 2022 Magic Quadrant for Distributed File Systems and Objects Storage. This marks the second consecutive year the company has been recognised in this report. Nutanix believes this recognition can be attributed to its strong product vision aimed at addressing enterprises' demand for more simple and more secure ways to manage and natively protect their data.

“New applications are the lifeblood of competitive advantage and customers simply don’t have time to plan, manage, and secure separate block, file and object platforms,” said Lee Caswell, SVP Marketing, at Nutanix. “We believe this recognition by Gartner exactly captures how our consistent operating model for files and objects challenges storage norms and captures the imagination of new high-capacity storage users who may or may not use our well-known hyperconverged infrastructure (HCI) solutions.”

Nutanix Unified Storage provides unified management for Nutanix Files, Nutanix Objects, and Nutanix Volumes, along with Nutanix Data Lens, a data security and analytics solution that helps users detect, respond, and recover from ransomware and other cyber-attacks. Nutanix Unified Storage brings software-defined, server-based value to a large-capacity file, object and block use cases that would typically require proprietary NAS and SAN systems. Unified Storage is finding particular traction with the public sector, healthcare and financial services, and customers, by eliminating siloed storage systems, allowing storage admins to focus more on application services and less on infrastructure.

Nutanix continues to strengthen its Unified Storage offering, most recently adding new ransomware protection features to Nutanix Files and Nutanix Data Lens to further help businesses protect against ransomware attacks. This builds onto the Nutanix Cloud Platform’s native platform hardening, security auditing and reporting, and protection from network threats, all key elements of implementing a Zero Trust approach to security.

• 31.10.2022 -- 12:46 pm