Temenos adds essDOCS’ CargoDocs solution to Temenos MarketPlace to digitize Trade Finance processes

Temenos (SIX: TEMN), the banking software company, announced today that essDOCS, the leading enabler of paperless trade, has joined Temenos MarketPlace. The integration of essDOCS’ CargoDocs solution to Temenos Transact, the next generation core banking software, enables the digitization of shipping and trade documents, including electronic signing and transfer of original title documents such as bills of lading. Paired with Temenos Transact, Temenos’ corporate banking customers benefit from an end-to-end solution and a single platform for the entire Trade Finance value chain.

Temenos provides the winning combination of the broadest banking functionality with the most advanced cloud technology to over 3,000 financial institutions around the world. Temenos MarketPlace allows banks to leverage leading fintech solutions, which complement Temenos software. Solutions are curated and pre-integrated for rapid implementation and time-to-value. Today, Temenos MarketPlace providers deliver innovative solutions that enhance Temenos’ technology, enabling Temenos clients to pursue their journey of differentiation and

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BPI steps up digital banking

 Bank of the Philippine Islands (BPI) president and CEO Cezar P. Consing said the bank’s digitalization efforts is currently going through an upgrade to a version he calls “2.0” in anticipation of higher online and mobile-based banking services even post-COVID-19 period, and it will cut costs both for the bank and its clients. 

Bank of the Philippine Islands (BPI) president and CEO Cezar P. Consing

“BPI right now is done with digitalization stage ‘1.0’, we’re moving to ‘2.0’. I’m sure we’ll get to ‘3.0’ after that. But we intend to stay in front of this,” Consing said during the virtual 5th AYALA-Finex Finance Summit Part 2.

In a follow up email query, Consing said digitalization for BPI will be a continuing process. “We measure progress by the reduction in our cost-to-income ratio, all other things being equal. Broadly, getting from BPI Digital 1.0 to BPI Digital 2.0 should reduce our

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Oracle adds digital assistants and boosts AI features in its enterprise cloud suite

Oracle today announced a broad set of updates to its Fusion Cloud enterprise software suite, highlighted by the addition of digital assistants and expanded machine learning capability.

In a nod to the impact of the global COVID-19 pandemic, Oracle said a principal focus of the enhancements is on enabling “touchless” commerce by automating processes that currently require manual intervention.

Oracle says more than 7,300 organizations now use its enterprise resource planning software and that sales have grown by one-third over the past year. It attributes that growth in part to a decade-long project to completely rebuild a portfolio of acquired applications around a common data model.

Despite the economic slowdown the health crisis has caused, said Juergen Lindner, global marketing head for software-as-a-service products at Oracle, “we haven’t seen a slowdown at all in our engagements with customers. Implementations haven’t slowed down and might have accelerated a bit.”

Pandemic-driven factors

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Biofourmis Hauls In $100M to Scale Digital Therapeutics Globally

Xconomy
Boston
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Biofourmis, a digital therapeutics startup that employs wearable devices and data analytics to help treat patients, has raised $100 million to scale its offerings globally and develop new products that further blur the lines that once clearly separated drugs from medical devices.

The new capital, a Series C round of funding, was led by SoftBank Group, a Japanese conglomerate whose investments include companies working in digital technology and healthcare.

Biofourmis’s flagship technology, BiovitalsHF, is prescription software designed to detect the early signs of heart failure. The FDA-cleared product includes a sensor worn on the arm and a companion mobile app that together measure up to 20 medical parameters for the condition—collecting nearly 10 million data points per day, Biofourmis CEO Kuldeep Singh Rajput (pictured above) tells Xconomy. The company’s software analyzes the data to predict heart failure events, then makes recommendations to a physician to either increase

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ZTE: Digital transformation will fast track Africa’s response to the Covid 19 pandemic | News

The Covid 19 pandemic has had a colossal impact on business revenues across the world, but enterprises in Africa could be set to bounce back quickly, thanks in part to the ongoing digitalisation of the continent’s telcos.

In the run up to the GSMA’s Thrive Africa event, CommsMEA spoke with ZTE’s SVP and president of overseas sales, Xiao Ming to find out how robust digitalisation programmes are helping African telcos to bounce back from the impact of the Covid 19 pandemic.

Compared with other industries, the telecom industry in Africa has shown very strong risk-resistant capabilities in the past six months. The revenues of operators such as MTN and Airtel have increased steadily, and user traffic, especially data traffic, has increased rapidly. This phenomenon shows that African people, enterprises and government are increasingly dependent on information communication, the communication infrastructure and services are becoming as important as other civil

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Finastra helps redefine the future of finance to improve millions of lives worldwide (APAC)

Technology and ecosystem to tackle financial inclusion challenges, including banking the unbanked and closing the SME trade finance gap

Singapore –  23 September, 2020 – Finastra has announced plans around a range of initiatives which will enable its customers to accelerate through change, as well as creating positive outcomes for millions of people around the world. The move is part of the company’s ongoing innovation and open cloud platform strategy.
Through technology and collaboration, Finastra and its customers are set to positively impact over nine million lives around the world, with key areas of focus in the Asia Pacific region to include:

•    Bringing financial inclusion to developing markets

  • Yoma Bank: Using Finastra’s solutions, Yoma Bank became the first bank in Myanmar to launch an online account opening system. In a country where just 25% of the population holds a bank account, Yoma Bank quickly increased its customer base,
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Open Banking set to transform finance in the GCC



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a close up of a sign: Open Banking


© Motivate Publishing
Open Banking

What is driving the Open Banking trends in the region?

Open Banking is a series of reforms that drive competitiveness in the banking sector. By driving change in how banks handle their customers’ financial information, Open Banking puts control back in the hands of the consumer. Customers can decide whether or not to share their financial information with authorised providers, to gain access to new services and innovations that can help them manage their money better.

The Middle East and the UAE specifically have some of the highest mobile penetration rates in the world. Changing consumer trends, the desire for consumers to have full control of their finances and accounts under one view, and a better range of services tailored to them are the main drivers

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Save smartly with the Bajaj Finance Systematic Deposit Plan

Pune (Maharashtra) [India], September 28 (ANI/NewsVoir): Funding long-term goals requires smart investments. However, most investments warrant a lump sum amount to get started, which is not always possible for individuals living from paycheck to paycheck.

To help such savers build a strong corpus, amid increasing debt and higher cost of living, Bajaj Finance Limited (BFL), the lending and investing arm of Bajaj Finserv, offers the convenience of Systematic Deposit Plan (SDP).

Systematic Deposit Plan combines the convenience of SIPs with the assurance of returns one gets from Fixed Deposit, to enable investors make deposits as low as Rs 5000 per month. Every deposit under Systematic Deposit Plan earns interest, as per the prevailing FD interest rates at the time of deposit. Investing in SDP offered by BFL is an ideal option for investors looking to build their habit of saving. With this plan, investors can choose to grow their corpus

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Huawei Fully Upgrades Its Intelligent IP Network Solutions to Create New Drivers for Industry Digital Transformation

Data communication networks have evolved from IPv4-based networks for man-machine interaction in the IP era, to multiprotocol label switching (MPLS)-based networks for people-people interaction in the all-IP era, and finally to the networks in today’s intelligent IP era.

In line with its “intelligent IP network” development strategy, Huawei has announced the following strategic moves at the summit:

1. Reshaping two platforms (hardware and software) to get fully prepared for intelligent IP networks

Huawei has fully upgraded its hardware platform that stands out with built-in AI acceleration engines to enhance data processing, thereby fully supporting intelligent IP networks. To support massive connectivity of everything, large-capacity modular devices are equipped with 400GE ports capable of addressing digital deluge, while compact fixed-form devices support extensive access from 155 Mbit/s to 400 Gbit/s. Such hardware features pave the way for building an ultra-broadband, intelligent, and green intelligent IP hardware platform for customers.

With regards

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SBI Auto loan: SBI cuts auto loan rate to 7.5%, waives fees on retail; discount on application via app | India Business News

MUMBAI: Ahead of the festival season, State Bank of India has announced rate cuts and fee waivers on various consumer loans. Interest rates on car and personal loans have been reduced to a new low of 7.5% and 9.6% respectively.
Also, in a bid to push its digital platform, Yono, the bank is offering special rates for loans using the bank’s all-in-one mobile app which has seen 5.8 crore downloads. The special deals being offered by the bank include a waiver of processing fee on car, gold, personal, and home loans in approved projects.
“With the economy recovering gradually, we hope to see a boost in consumer spends and at the same time ensure SBI’s helping hand to all those in addressing their financial needs to have a pleasant festive season,” said CS Setty, MD (Retail & Digital Banking), SBI. The bank already accounts for one out of every three
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