Business

Infor Discusses Digital Transformation in China in Newly-Launched IDC Talk Podcast

Infor Discusses Digital Transformation in China in Newly-Launched IDC Talk Podcast

Deep insights and rich exchange by industry experts; current environment to pave the way for growth of contactless business

 

BEIJING,
CHINA – Media OutReach – 8 July 2020 – Infor, a global leader in
business cloud software specialized by industry, today announced that it took part
in the pilot episodes of IDC Talk in China, an all-new
podcast of the International Data Corporation (IDC), bringing together the
exchange of deep industry insights and the sharing of successful enterprise
application of ICT technology. A recurring theme is leveraging innovative
technologies and exploring unique business models in a post-pandemic
environment.

 

During the first three episodes
of IDC’s new podcast, which went online on June 22, Infor executives – managing
director of Greater China and Korea region, Boon Khoo; vice president of sales
for Greater China and Korea, Becky Xie and director of business consulting for
Greater China and Korea, Chong Lu shared tips and insights on the state of digital
transformation of Chinese enterprises.

 

The coronavirus pandemic has
stimulated demand for digital transformation among small- and medium-sized
enterprises. This is coupled with a strong desire to turn crisis into
opportunity by leveraging innovation and technology to find new ways to empower
a safer, stronger and more integrated business.

 

Wu Lianfeng, vice president
and chief research analyst of IDC China explained, “This pandemic has caused
people’s work, lives, and consumption habits to go digital, driving the growth
of contactless business. This is on track to becoming a long-term and
far-reaching trend. IT technology is invaluable in response to the pandemic.
What technology transforms is not the power of the present, but the future.”

 

Over the past two decades, Infor
has provided digital transformation solutions to manufacturing enterprises spanning
the logistics, distribution, automotive, healthcare, food and beverage, hi-tech
and electronics fields. In this, Infor has implemented plans of action aimed at
key application scenarios in specific industries.

 

During the podcast, Infor
executives noted that Chinese equipment manufacturing company, Equipment
Company of Dongfeng Motor implemented Infor LN, Infor ERP and CloudSuite EAM systems to standardize its business, processes
and data management. The company was also able to establish a real-time
production system, business and financial integration, full-spectrum quality
control, and comprehensive traceability. During the pandemic, they were able to
quickly transition to producing protective masks.

 

“We feel fortunate to have Infor as our
partner in digital transformation,” said Fang Mingqiang, chief engineer of information systems
planning at Equipment Company of
Dongfeng Motor Co., Ltd. “We sought to streamline our workflows and get rid of
any obstacles that had arisen to enable us to better keep up with the latest
industry trends. With Infor ERP and EAM, now we can manage end-to-end business processes,
standardize all data, as well as ensure real-time visibility of production,
finance, and quality control. As a result, Dongfeng Motors has greatly
increased our performance while lowering costs, and customer satisfaction is up
11.45%.
Now we are able to provide clients with digitalized products and expand our
scope of operations.”

 

By working together with Infor, another pharmaceutical
company was able to integrate its global supply chain and service departments.
It also moved its logistics and customs businesses to a single platform and
deployed a centralized supply chain control hub aligning its manufacturing
network across its technological platforms. In this way it is now able to
flexibly respond to black swan events such as this pandemic, and increase its
market share while boosting sales growth through daily operations.

 

In 2020, China is making a
national effort to develop what has been dubbed “new infrastructure”, which
includes new and emerging technologies such as 5G, the industrial internet and
cloud computing. At the same time, data is becoming a key factor of production
and is being marketized. Given these trends, companies will be focusing more on
the aggregation of their own data resources and strengthening the establishment
of data management capabilities, which will spur business innovation.

 

Infor managing director of
Greater China and Korea region, Boon Khoo, said, “As enterprises work to catch
up to the fast-paced development of new infrastructure, they not only need to
build a multi-level supply chain network, but also to better integrate and
utilize human resources, data and machines, while fortifying their hardware
with the proper software to achieve better flexibility and resilience.”

Media contact:

Phyllis Tan

Infor Asia Pacific

+65 9799 9133

Phyllis.tan@infor.com

About Infor

Infor is a global leader in
business cloud software specialized by industry. With 17,300 employees and over
68,000 customers in more than 170 countries, Infor software is designed for
progress. To learn more, please visit www.infor.com.

Infor customers include:

  • The top 20 aerospace companies
  • 9 of the top 10 high tech companies
  • 14 of the 25 largest U.S. healthcare
    delivery networks
  • 19 of the 20 largest U.S. cities
  • 18 of the top 20 automotive suppliers
  • 14 of the top 20 industrial distributors
  • 13 of the top 20 global retailers
  • 4 of the top 5 brewers
  • 17 of the top 20 global banks
  • 9 of the 10 largest global hotel brands
  • 7 of the top 10 global luxury brands

ESR completes APAC’s largest logistics warehousing project

ESR completes APAC’s largest logistics warehousing project

388,570 sqm state-of-the-art distribution centre in Japan’s Greater Osaka to set new standards for modern logistics properties

 

HONG KONG, CHINA – Media OutReach – 8 July 2020 – ESR Cayman Limited (“ESR” or the “Group”; SEHK Stock Code: 1821), the largest APAC focused logistics real estate platform, today announced the completion of ESR Amagasaki Distribution Centre (“ESR Amagasaki DC”) in Greater Osaka which, with a GFA of 388,570 sqm (117,542 tsubo), is the largest domestic consumption logistics warehousing project in Japan as well as in APAC[1].

Strategically located in the Greater Osaka Metropolitan area, the six-storey, state-of-the-art facility epitomises the highest quality specifications as well as the human-centric and sustainable designs for which ESR properties are renowned. The development is a landmark project for ESR’s RJLF2 Japan development fund and key co-investment partners.

Stuart Gibson, Co-founder and Co-CEO of ESR, said, “The development of ESR Amagasaki DC marks a milestone for ESR. It further cements our position not only as APAC’s leading logistics real estate platform, but as a company that consistently leads the industry with the highest standards of innovation. The state-of-the-art operational design and visionary elements that the ESR team have crafted for this facility are ground-breaking.”

“This property provides an important new platform to service the logistics industry, especially given the current social and economic environments. The pandemic has accelerated the structural shift toward online consumption. We believe this trend will continue for the foreseeable future and drive even greater demand for high quality logistics space among e-commerce and 3PL companies. We will continue to invest in advanced, modern facilities like ESR Amagasaki DC to support our global and domestic tenants, allowing them greater capacity and agility of delivery for the rapidly evolving needs of their customers,” continued Mr. Gibson.

In line with the cutting-edge design, architecture and top international standards that the Group’s best-in-class properties emulate, ESR Amagasaki DC has been awarded a CASBEE (Comprehensive Assessment System for Built Environment Efficiency) Class A certification and an ABINC (Association for Business Innovation in harmony with Nature and Community) certification. In addition to a wide array of sustainable elements such as energy-saving features, onsite solar energy generation and ample green space, the facility boasts a suite of human-centric features underpinning ESR’s design philosophy, including a child day-care centre (BARNKLÜBB), a private lounge (KLÜBB Lounge), a retail shop, communal amenities and open space for onsite workers.  

ESR continues to accelerate its efforts to provide scalable and efficient space and solutions for its customers, underscored by a focus on strategic investments in key cities of Japan. The total AUM of its Japan business grew 48% to US$7.7 billion as of 31 December 2019. The Group manages approximately 3 million sqm of GFA in the country and holds the largest development pipeline in Greater Tokyo and Greater Osaka.

In the wake of
the Covid-19 pandemic, e-commerce
and related businesses are displaying a strong appetite for expansion amid
rising online consumption of food and daily necessities. As a result, the
vacancy rate for large multi-tenant properties has been in decline, 3.7% in
Greater Osaka and 0.5% in Greater Tokyo, according to CBRE Research[2]. Approximately 70% of the newly
completed facility, representing over 270,000 sqm of space, has already been pre-leased
to some of ESR’s largest global tenants, further reinforcing the trend in
demand for high quality, well-located and innovative logistics warehouses.

Flourishing as one of the most advanced gateways to Japan and a major
base for global businesses, Greater Osaka will continue to see multiple
catalysts including a number of large-scale infrastructure projects. Built at
the centre of the country’s key logistics network, ESR Amagasaki DC is
well-placed to service the Japanese domestic market, with exceptional access to
Osaka CBD, large national ports and international airports.


[1] The largest single-phase, single-asset
logistics warehousing project in terms of GFA, as of July 2020. Sources: CBRE
data and ESR research.

[2] Asia Pacific MarketView Q1 2020, CBRE Research


About ESR

ESR is the largest APAC focused logistics real estate platform by gross floor area (GFA) and by value of the assets owned directly and by the funds and investment vehicles it manages. Co-founded by its senior management team and Warburg Pincus, ESR and the funds and investment vehicles it manages are backed by some of the world’s preeminent investors including APG, SK Holdings, JD.com, CPP Investments, OMERS, PGGM, Ping An and Allianz Real Estate. The ESR platform spans across the People’s Republic of China, Japan, South Korea, Singapore, Australia and India. As of 31 December 2019, the fair value of the properties directly held by ESR and the assets under management with respect to the funds and investment vehicles managed by ESR recorded approximately US$22.1 billion, and GFA of properties completed and under development as well as GFA to be built on land held for future development comprised over 17.2 million sqm in total. ESR has been listed on the Main Board of The Stock Exchange of Hong Kong Limited since 1 November 2019.

 

For more information on ESR, please visit www.esr.com.

Tsimshatsui Overtakes Causeway Bay as the Most Expensive Retail District for First Time

Tsimshatsui Overtakes Causeway Bay as the Most Expensive Retail District for First Time

Greater Central office availability reaches a 15-year high

 

  • Grade A
    office rental declined for the fifth consecutive quarter with Greater Central
    rents down by 7.5% quarter-on-quarter, the steepest drop among all submarkets
  • Rental declines accelerated with
    Causeway Bay rents falling by
    25% in the quarter; Outlook may improve in
    the second half with rents forecasted to begin to stabilize, depending on the situation of the local outbreak

 

HONG KONG, CHINA – Media
OutReach
 – 7 July 2020
 Rental declines accelerated in Q2 in both the office and retail leasing markets,
and that overall availability of Grade A office space rising to 10.7% means
office rents will be under further pressure in the second half of the year. On
the retail side, a more stable retail leasing landscape in Tsimshatsui helped
boost the prospects there, which has overtaken Causeway Bay in terms of retail
rents for the first time, according to Cushman & Wakefield, a leading
global real estate services firm, in its review of the Hong Kong office and
retail leasing markets today.

 

In Q2, net absorption in the overall Grade A office
market remained in negative territory at -513,510 sq ft, as compared to
-524,947 sq ft in Q1. With COVID-19 and the worsening economic outlook continuing
to weigh on the market, the quarter saw a growing number of firms surrender
space, especially within retail, tourist-related, financial and co-working sectors,
all hard hit by the pandemic.

 

Mr Keith Hemshall, Cushman & Wakefield’s Executive
Director, Head of Office Services, Hong Kong
, commented, “Office space take up is
expected to continue to contract, leading to approximately 1.5 million sq ft of
negative absorption for 2020, as corporates reduce headcount and shelve
expansion plans. In addition, the formalization of ‘work from home’ initiatives
for a proportion of staff is currently being closely evaluated as a cost saving
and business risk management strategy, although the degree of its
implementation has yet to be seen and will vary according to industry sector.
Given the rising importance of wellness in the workplace post COVID-19, some of
the space freed up by such initiatives may be left vacant to reduce headcount
density and increase social distancing but cost pressures should ensure a
proportion will be handed back to the market.”

 

The overall availability edged up further from 10.0%
in Q1 to 10.7% in Q2, the highest level in 15 years. Rents remained on the
downward trend, with Greater Central down by 7.5% from Q1, while Hong Kong East
recorded the smallest decline among all submarkets, by 2.7% on the quarter.

 

Mr John Siu, Cushman
& Wakefield’s Managing Director, Hong Kong
, commented, “With overall
availability increasing, landlords are offering a more diverse range of
incentives to generate demand for vacant premises or to retain existing
tenants. For new tenants, longer rent-free periods, partial subsidy for fit-outs,
stepped rental packages, flexible rights to break or sub-let space and bumper
fees for introducing agents are all being seen. For existing tenants, we are
seeing landlords agreeing to early lease restructures or renewals at less than
the passing rent, often with rent free being provided to lower the effective
rent.”

 

“As surrender
stock increases, we expect overall availability to reach approximately 12% by
the end of 2020, depressing overall grade A rents by another 8% in the second
half of the year. Greater Central rents are expected to decline by up to 20%
for the full year.”

The retail market remained in the grip of the COVID-19 pandemic in
Q2 as border closures and travel restrictions brought tourism to a virtual halt.
Mainland visitor arrivals volume dropped 99% year-on-year to a total of 13,446
in Q2. Retail sales in May, at HK$26.8 billion, were down
32.8% year-on-year, led by declines in jewelry & watches (69.7%) and medicine
& cosmetics (62.0%).

 

Rents in Causeway Bay continued to be heavily impacted by a
struggling luxury sector. With the biggest quarterly drop among all submarkets,
by 25% to HK$969 per sq ft per month, the current level represents a drop of 46%
year-on-year and of 76% from the peak in Q4 2013. The decline also meant that
Tsimshatsui, with rents at HK$1,018 per sq ft per month, surpassed Causeway Bay
as the most expensive retail district in Hong Kong for the first time.

 

Mr Kevin Lam, Cushman & Wakefield’s Executive Director, Head
of Retail Services, Hong Kong
,
commented, “The retreat of luxury will push the vacancy rate (7.9%) in
Causeway Bay further up this year. Incoming, non-luxury tenants are likely to
drag down the rents along a shift in the tenant mix. On the other hand,
Tsimshatsui’s rents will be more sustainable because the retail landscape there
is owned by and has the support of several major developers. The different
trade mix there and in Mongkok also means rents of these core submarkets will
be more resilient than those of Causeway Bay and Central.”

 

F&B rents saw a quarterly drop of around 15% for the core
submarkets in Q2, but have stabilized towards the end of the quarter following
the easing of social distancing measures in restaurants and bars in May. Although F&B sales would be down by 47%
year-on-year based on our Q2 projection, the sector’s performance reflected a
base demand that consisted of largely local consumption. With the growth
momentum shifting to F&B, the sector could be close to bottoming out in
both sales and rents.

 

Mr Lam said, “Amid
the ongoing pandemic and rising unemployment rate, the prospects of high street
retail remain challenging. Non-discretionary retail, pop-up shops, shopping
malls with an organized promotional effort and more supporting elements for
tenants, will be among the emerging trends in the coming quarters. In this
regard, we expect shopping mall rents to be more stable than those on high
streets in the second half, where it is expected to be slightly downward or
stable at best for Causeway Bay and Central, while Tsimshatsui and Mongkok can
look to rentals to possibly edge slightly upwards.”

 

Please
click HERE
to download the event photo.

Photo
Caption
From Left to Right: Mr Keith Hemshall, Cushman & Wakefield’s Executive
Director, Head of Office Services, Hong Kong, Mr John Siu, Cushman &
Wakefield’s Managing Director, Hong Kong and Mr Kevin Lam, Cushman &
Wakefield’s Executive Director, Head of Retail Services, Hong Kong

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global
real estate services firm that delivers exceptional value for real estate
occupiers and owners. Cushman & Wakefield is among the largest real estate
services firms with approximately 53,000 employees in 400 offices and 60
countries. Across Greater China, there are 22 offices servicing the local
market. The company won four of the top awards in the Euromoney Survey 2017 and
2018 in the categories of Overall, Agency Letting/Sales, Valuation and Research
in China. In 2019, the firm had revenue of $8.8 billion across core services of
property, facilities and project management, leasing, capital markets,
valuation and other services. To learn more, visit www.cushmanwakefield.com.hk
or follow us on LinkedIn (https://www.linkedin.com/company/cushman-&-wakefield-greater-china)

Vodacom Tanzania: Send money to Tanzania from anywhere around the World

Vodacom Tanzania: Send money to Tanzania from anywhere around the World

  • Over 200 countries can send and receive money via Vodacom’s
    Tanzania M-Pesa.
  • The mobile Money services continues to drive economic growth and financial
    inclusion in Africa.

Dar es Salaam,
Tanzania – EQS Newswire – 7 July
2020 – Tanzania’s leading mobile money service provider – Vodacom
M-Pesa
– has announced the expansion of its International Money Transfer
service portfolio. Vodacom customers will now have the option and ability to
easily transfer and receive funds from individuals across more than 200
countries worldwide.

Download Image: Assistant
Manager, Oversight and Policy at Directorate of National Payment Systems from
Bank of Tanzania, Albert Cesari (centre), in a group photo with Vodacom
Tanzania Executive Committee members including WorldRemit Tanzania Country
Director Cynthia Ponera (second left) during International day of family remittances
event held in Dar es Salaam

This was said recently at an
international day of family remittances event held in Dar es Salaam where
stakeholders met to deliberate on the future of International Remittance post
COVID 19.

Speaking during a panel discussion
on the same, Assistant Manager, Oversight and Policy at Directorate of National
Payment Systems from Bank of Tanzania (BOT) Albert Cezari said the national
bank has increased limits on digital transactions and reviewed balances of
mobile wallets in a bid to provide relief and ensure continuity of services as
part of measures taken amidst COVID-19.

On his part, Vodacom Tanzania PLC
Managing Director Mr. Hisham Hendi, said that international remittances make
possible people and small businesses to stay connected irrespective of
geography. He further pointed out that international remittances continue to
transform the lives of thousands of Tanzanians through facilitating payments in
education, health, and various business segments which is why Vodacom M-Pesa has
aimed to continue providing a platform for Tanzanian diaspora to effectively
participate in socio-economic activities which will contribute to the overall
development of the country.

“We pride ourselves for being
enablers in the payment system by facilitating cross border trade within the
region for the efficient and seamless sending and receiving of funds, from
anywhere around the globe through M-Pesa International Money Transfer Service.’
He said.

Vodacom M-Pesa has broadened its
portfolio of partnerships and countries over the past few months to widen its
Money transfer service worldwide. At the global stage, partners include
MoneyGram, WorldRemit, Remitly and JubaExpress, all of whom enable customers to
receive money from over 200 countries across the World directly into their
M-Pesa wallet.

Pan African partnerships include
Safaricom, MTN, EcoCash and Mama Money, which enable customers to send or
receive money from Kenya, Uganda, Zambia, Burundi and South Africa.

‘With such a huge portfolio of
international Money transfer partners, the world is a village with M-Pesa. We
thank our customers for their patronage and we remain committed to deliver on
our vision to lead Tanzania into the digital age and change lives through
technology” He concluded.

Peter De Caluwe, CEO- Thunes praised
the move saying such partnerships and innovations support the true African
spirit because African countries have always been connected through daily
movement of people, goods and services. International Money Transfer services
are critical to the African economies as they facilitate inflow of foreign
currency into these countries which has a direct bearing on the social and
economic welfare of Africans”.

“Whilst the importance of
mobile payments to financial inclusion in developing markets cannot be
overstressed, the M-Pesa IMT service goes an extra mile by allowing previously
excluded to send and receive money across borders affordably. Thus our
partnership with Vodacom M-Pesa aims at increasing the reach of international
money transfers’.

According to World Bank Figures,
Tanzania recent remittances stood at $430 million, an increase of $25 million
from 2019. The sum represents 0.8 percent of the country’s GDP.

The issuer is solely responsible for
the content of this announcement.

About Vodacom Tanzania:

Vodacom Tanzania Plc is the
country’s leading mobile operator and mobile financial services provider. We
provide a wide range of communication services for consumers and enterprise –
including voice, data and messaging, video, cloud and hosting, mobile solutions
and financial services – to over 15 million customers. Vodacom Tanzania Plc and
its subsidiary companies are part of the Vodacom Group registered in South
Africa, which is in turn, owned by Vodacom Group Plc of the United Kingdom. It
has been registered on the Dar es Salaam Stock Exchange (DSE) with registration
number ISIN: TZ1886102715 Stock name: VODA.

For further information, please
visit our website: www.vodacom.co.tz

About Vodacom M-Pesa Tanzania


Vodacom M-Pesa is Tanzania’s largest
mobile financial service introduced by Vodacom Tanzania PLC in 2008. Now GSMA
certified and with over 10 million customers, M-Pesa has significantly
contributed towards financial inclusion and economic activity in the country.
Customers deposit and withdraw money from their M-Pesa wallets through over
200,000 agents across the country. The M-Pesa ecosystem connects businesses,
banks and government agencies making digital payments possible.

To date, M-Pesa continues to be the
market leader in mobile financial services, rolling out innovative services
such as savings & Loans, Virtual Debit cards, Overdraft services, Group
savings, E-payments and many more, which address the real needs of Tanzanian
thereby enhancing financial inclusion and deepening.

Accuity Helps Leading Banks in Pakistan Stay Ahead of Global Regulatory Requirements

Accuity Helps Leading Banks in Pakistan Stay Ahead of Global Regulatory Requirements

Financial crime compliance solutions ensure that local banks can fight AML/CFT threats in real-time and better support economic growth

 

ISLAMABAD,
PAKISTAN / SINGAPORE – Media
OutReach
 – 7 July 2020 – Accuity, the leading
provider of financial crime screening, payment services, and counterparty
know-your-customer (KYC) solutions, today announced how leading banks across Pakistan,
including HabibMetro
Bank, Sindh Bank Limited, and Askari Bank Limited, are using Accuity solutions to
meet ever increasing regulatory requirements. Having supported more than 40% of
Pakistan’s banking and financial services institutions over the past decade, Accuity continues
to work closely to enhance the sector’s ability to meet their local and international
Anti-Money Laundering (AML) and Countering Financing of
Terrorism (CFT) obligations.

Pakistan has been making progress in meeting the Financial Action Task Force
(FATF) 27-point compliance requirements. By meeting this global standard,
Pakistan aims to strengthen its fight against money laundering and terrorist
financing and at the same time boost its economy by positioning itself as a
regional financial and exports hub.

Accuity has helped
contribute to the efforts of the Pakistan government and State Bank of Pakistan
to establish a strong system to combat money laundering and terrorist
financing,” said Bharath Vellore, Managing Director, Asia Pacific, Accuity.
“With our best-in-class financial crime screening and compliance solutions, our
customers in Pakistan across banking, microfinance and insurance are
confidently offering financial products and services to meet the levels of
compliance required by global, regional and local regulators  They are now in a better position to accelerate
cross-border trade volumes, enable remittances from its large diaspora, drive
financial inclusion, and provide small and medium enterprise credit.”


Establishing Global Banking Relationships to Serve the World’s Seventh Largest
Diaspora


HabibMetro
Bank
is a subsidiary of Habib Bank AG Zurich (HBZ) — a Swiss multinational
bank with operations in nine countries. Due to its international presence and
multiple correspondent banking relations, HabibMetro must perform due diligence
on its correspondent banks in a timely manner, as per the guidelines from FATF
and the Wolfsberg Group.

To do so,
HabibMetro uses the Bankers Almanac solution from Accuity, including
the Due Diligence module, to conduct KYC due diligence
checks when increasing its correspondent banking footprint in other
geographies. Bankers
Almanac provides a single and consistent source of truth for information on
over 21,500 banks, providing supporting documentation for due diligence checks,
and allowing the Bank to more effectively manage its financial counterparty KYC
and mitigate any associated risks.

“Bankers Almanac helps HabibMetro to comprehensively manage our periodic financial counterparty
reviews and onboard new financial counterparties more efficiently, with the
click of a button,” said Farooq Ahsanuddin, Head of Financial Institutions
& Remittances at
Habib Metropolitan Bank. “These
capabilities allow us to increase the productivity of our financial services
team and streamline our banking operations, while delivering unparalleled
service to our customers worldwide.”

Real Time Screening
Capabilities to Meet Compliance Mandates and Drive Financial Inclusion

Sindh Bank Limited is a government-owned
Pakistani scheduled bank with 330 branches in 169 cities nationwide. To
effectively manage its AML and CFT compliance checks, identify politically
exposed persons (PEP), and deter proscribed persons from engaging in illicit
financial activities, the bank adopted Firco
Compliance Link
and Firco
Global WatchList
® solutions to demonstrate enhanced screening
capabilities and processes to local regulators. It is also using Bankers Almanac to provide
supporting documentation for due diligence checks.

“The bank’s ability
to have a consolidated
view of all accounts and transactions activities, conduct on-going and
automated screening, coupled with comprehensive audit trails to the regulators,
is fundamental
in ensuring that our branch network both meets compliance mandates and
promotes economic development,” said Mr. Imran Samad, President and CEO of
Sindh Bank Limited
. “We have chosen to partner with Accuity for its
sophisticated, intelligent and automated approach, speeding up operations and
improving our services to our valued customers. This in turn gives us more
capacity to innovate and help drive financial inclusion.”

Setting Strong
Controls on Exports with an Advanced Trade Compliance Solution


Askari Bank Limited is
a commercial and retail bank in Pakistan that implemented Firco Compliance Link
in 2018 to manage risks related to trade-based money laundering and terrorist
financing. This solution brings together proprietary data, on-ground
intelligence, and regulatory compliance expertise that allows the bank to
centralize its screening processes against trade transactions involving
sanctioned individuals, entities, vessels, ports,
and dual-use and controlled goods
(DUG)
.

“By offering an
enterprise-wide, single screening solution, Accuity is covering seven different
applications of the bank that are mostly integrated for the purpose of
performing real-time screening for accounts, payments and trade transactions.
Accuity is able to meet all our compliance and business requirements, thereby
safeguarding the bank from any regulatory or reputational risks,” said Mr.
Ali Raza Zaidi, Chief Compliance Officer, Askari Bank
Limited.
“This allows Askari Bank Limited
to maintain our position as the local standard bearer in proactively meeting
the highest trade compliance requirements, while ensuring innovation.”

More information
on the Accuity portfolio of financial crime screening and payment services solutions
can be found here: https://accuity.com/what-we-do/overview

About Accuity:

Accuity offers a suite
of innovative solutions for payments and compliance professionals, from
comprehensive data and software that manage risk and compliance, to flexible
tools that optimise payments pathways. With deep expertise and industry-leading
data-enabled solutions from the Fircosoft, Bankers Almanac and NRS brands, the
Accuity portfolio delivers protection for individual and organisational
reputations.

Part of RELX,
a global provider of information and analytics for professional and business
customers across industries, Accuity has been delivering solutions to banks and
businesses worldwide for 180 years.

Kincentric appoints Singapore market lead to drive HR advisory focused on public sector and large local organizations in Singapore and Indonesia

Kincentric appoints Singapore market lead to drive HR advisory focused on public sector and large local organizations in Singapore and Indonesia

Andrew How brings 20 years of experience helping businesses through Culture & Engagement, Leadership Assessment, and HR & Talent Advisory, spearheading growth, driving transformation and accelerating business value through talent in times of organizational uncertainty.

 

SINGAPORE – Media
OutReach
 – 7 July 2020 – Kincentric, a Spencer
Stuart Company, today announced the appointment of Andrew How as Singapore
Market Leader, where he will focus on client development and solutions across
Culture & Engagement, Leadership Assessment & Development, and HR &
Talent Advisory. Kincentric helps organizations unlock the power of people and
teams through their unique approach to human capital.

 

In his new role, Andrew will lead
client engagements and spearhead the company’s strategy and expansion of its HR
advisory services in the region. As market leader, he will be integral in
establishing and maintaining Kincentric’s outcome-oriented client relationships
in both Singapore and Indonesia, through trust-building and the provision of
genuine value and long-lasting impact.

 

As Kincentric strengthens its client
offerings, the new appointment will further fortify the company’s capabilities
in HR and talent advisory for the public sector and for large local
organizations HR and talent advisory in the region. Andrew brings with him more
than 20 years of experience as a management consultant in human capital issues
related to talent management, leadership and organizational development for
regional business leaders, local family conglomerates and growth-orientated SME
firms in Singapore, Malaysia, Vietnam, Thailand, India, Indonesia, Sri Lanka
and Japan.

 

“Kincentric is delighted to announce
the appointment of Andrew How. He joins Kincentric at a time when our clients
require the highest quality advice to help them navigate the current economic
and health challenges. Kincentric’s advisory solutions are being extensively
utilised by our clients to ensure highly engaged workforces. Andrew has an
extensive track-record of helping organizations improve their business performance
through innovative HR, talent and leadership solutions,” said Stephen Hickey — Partner,
Kincentric APME.

 

Alongside Andrew’s extensive experience
and understanding of the regional market, Kincentric’s HR and talent advisory
services will continue to aid Singapore and Indonesia clients in the
development of Human Capital & Talent Strategies such as driving employee
engagement, implementing performance culture and scorecards, managing talent
& high potentials, creating leaders and top-team intervention efforts
and advisory.

About Kincentric

Kincentric, a Spencer Stuart company,
approaches human capital differently — we help you identify what drives your
people, so they can drive your business. Our decades of expertise in culture
and engagement, leadership assessment and development, and HR and talent
advisory services enable us to help organizations change from the inside. Our
global network, proven insights and intuitive technologies give us new ways to
help clients unlock the power of people and teams. For more information, visit kincentric.com.

GSB Gold Standard Banking, Josip Heit and SPREE FLUG in Times of Coronavirus

GSB Gold Standard Banking, Josip Heit and SPREE FLUG in Times of Coronavirus

HAMBURG, GERMANY – NEWSAKTUELL – 6 July 2020 – In the coronavirus pandemic, job cuts, such as those currently at the aircraft manufacturer Airbus, are hitting the Federal Republic of Germany particularly hard. The 5100 jobs that are to be cut are not only slowing down the German economy, but are also burdening the national budget. Worldwide, Airbus plans to cut a full 15,000 jobs due to the corona crisis.

 

In other countries, the company is also making cuts: In France 5000 jobs are to be cut, in Spain 900, 1700 in Great Britain and 1300 at other locations worldwide. But the job cuts are not really a surprise. The Frenchman Faury had already announced a few days ago that Airbus would massively reduce its production and deliveries for two years.

 

In this context, however, there are also rays of hope, such as the GSB Gold Standard Corporation AG with its Chairman of the Board Josip Heit. Heit is currently in the process of expanding the group’s own fleet of Embraer Jets, such as the Phenom 300 E and the Praetor 600, and to have them operated by the aviation company SPREE FLUG Luftfahrt GmbH, which has been successfully operating on the market since 1993, with its captains, co-pilots and flight attendants, under the leadership of the company owner and chief pilot Paul Häusler.

 

According to GAMA (General Aviation Manufacturers Association) the Phenom 300E is the “most successful business jet of the past decade”. Now the Brazilian manufacturer has further improved its bestseller and made it significantly faster. The new Phenom 300E reaches Mach 0.8, which corresponds to a maximum cruise speed of 464 knots (859.33 km/h). Embraer states the range with five people on board as 2010 Nautical Miles (3724 km) (including NBAA IFR reserve).

 

With regard to the advantages of a business jet, CEO Josip Heit states that “when flying on a commercial airline, the passenger is exposed to about 700 touch points with strangers in terms of the risk of infection on scheduled flights, whereas when travelling on a business jet the chance of infection is about 30 times lower with fewer than 20 “touch points”. Private jet providers also guarantee the passenger the right to decide for himself with whom he will travel. This means that security protocols and checklists can be followed more conscientiously. Pilots would also undergo a medical check before rotation.

 

Josip Heit from GSB Gold Standard Banking Corporation AG also calculates: “A business class ticket for four people from Paris to Geneva costs on average around 2200 euros on scheduled airline services. A private jet on the same route could come to a total price of about 4200 euros, i.e. only about 500 euros more per person. However, this difference in price is offset by better security measures and a time saving of almost two hours for scheduled handling!”.

 

Against this background, GSB Gold Standard Banking Corporation AG and its partner SPREE FLUG Luftfahrt GmbH, rely on business jets from Embraer. In Embraer’s Director for Central and Eastern Europe, Pana Poulios, you have found a partner with outstanding expertise and the necessary know-how, who can advise companies on the acquisition of aircraft.

 

GSB has several affiliated companies in whose structure raw material deposits such as rare earths and minerals are located worldwide, which refine these mineral resources responsibly and above all sustainably as valuable resources in their own factories.

At the same time, GSB Gold Standard Banking is a pioneer in the use of block chain technology, because with block chain technology there is nothing to hide. The decentralisation of the block chain guarantees complete transparency so that investors can see how, when and where, for example, precious metals such as gold and silver were produced, even who was involved in each step of the processing.

Picture is available at AP Images (http://www.apimages.com)

Adyen Expands Acquiring Capabilities to Malaysia

Adyen Expands Acquiring Capabilities to Malaysia

Adyen launches its acquiring solution in Malaysia to help local businesses achieve higher authorization rates, better customer experience, and deeper data insights as the Malaysian market transitions to online payments.

 

KUALA LUMPUR – MALAYSIA
– Media OutReach – 6 July 2020 –
Adyen (AMS:ADYEN), the global payments platform of choice for many of the world’s
leading companies, today announced the expansion of its acquiring capabilities
to include Malaysia.

Warren Hayashi President, Adyen Asia Pacific

Adyen acquiring complements the company’s all-in-one
payment platform allowing merchants like BigPay, BloomThis,
Fave, foodpanda, Love, Bonito and Sephora to get the most out of each transaction with local payment
processing. This
announcement extends Adyen’s local acquiring capabilities in Asia-Pacific,
following launches in Australia, Hong Kong, and Singapore, and is supported by
demand from local merchants looking to better serve the country’s growing internet economy.

“Rolling out our acquiring solution in Malaysia
demonstrates our commitment to the region and to our customers’ needs in the
market,” said Warren Hayashi, President, Adyen, Asia-Pacific. “With Adyen’s
acquiring solution in place, Malaysian merchants can better
serve their customers and benefit from higher authorization rates and lower
transaction fees.”

With its best-in-class technology, and deep
acquiring expertise, Adyen looks to provide insight around local regulations,
schemes, and payment methods,
to help Malaysian merchants serve shoppers
better.  Local acquiring will allow
merchants to leverage Adyen’s integrated platform to deliver unified commerce
experiences regardless of where their customers prefer to pay – in store,
online or in-app. 

Arzumy MD, Chief Technology Officer of payments
and loyalty platform Fave noted, “Adyen has been a strong pillar,
supporting our business and technology throughout the years. Adyen’s direct
acquiring capabilities simplifies our business operations as it gives us
complete control of our payment process — allowing us to improve revenue,
create a better customer experience and deal with payment issues more quickly
and efficiently so we can focus on getting our customers what they want when they need it. We are happy to have a partner that cares
deeply for our success.”

Adyen manages the entire payment flow, including
gateway, risk management, and acquiring for merchants. This means that brands
can accelerate global expansion and optimize payment processes, while
continuing to meet the expectations of customers. Adyen offers local acquiring
in Australia, Brazil, Canada, Europe, Hong Kong, Singapore, and the US. For
more information about local acquiring and its benefits, please refer to: https://www.adyen.com/global-payment-processing.


About Adyen

Adyen (AMS: ADYEN) is the payments platform of
choice for many of the world’s leading companies, providing a modern end-to-end
infrastructure connecting directly to Visa, Mastercard, and consumers’ globally
preferred payment methods. Adyen delivers frictionless payments across online,
mobile, and in-store channels. With offices across the world, Adyen serves
customers including Facebook, Uber, Spotify, Microsoft, Singapore Airlines, and
L’Oréal. 

The launch of Adyen acquiring in Malaysia
as described in this update underlines Adyen’s continuous expansion of
supported payment methods and regions over the years.