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Inaugural PHBS-IER Conference Highlights Cutting-Edge Economic Research

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SHENZHEN, China, Jan. 2, 2025 /PRNewswire/ — The inaugural PHBS-IER Conference, jointly organized by Peking University HSBC Business School (PHBS) and the International Economic Review (IER), held at PHBS from December 22 to 23. Centered on the theme “Financial Frictions for Firms and Households: Implications for Economic Development and Government Policies,” this two-day event brought together an impressive assembly of over 130 senior professors and emerging scholars from prestigious universities worldwide, including Princeton University, The University of Pennsylvania, Boston University, The University of Southern California, Emory University, University College London, The Chinese University of Hong Kong, Peking University, Tsinghua University, Fudan University, and Cheung Kong Graduate School of Business.

One of the most anticipated moments of the conference was the keynote address delivered by Nobel laureate Thomas Sargent. In his presentation titled “Fiscal Consequences of the US War on COVID,” Professor Sargent traced the evolution of US fiscal and monetary policy from the 19th to the 21st century. He noted that such crises like the long-term impact of wars on fiscal and monetary policy, often lead to fiscal deficits, significant price volatility, and enduring institutional changes. Furthermore, he discussed the complex interactions between fiscal, monetary, and tax policies, particularly emphasizing the role of “game theory” in shaping policymaker decisions. He underscored the importance of “budget constraints,” “coordination between monetary and fiscal policies,” and “power distribution” in managing these challenges.

Other notable presentations covered a broad range of topics and fields within economics. These included research on the impact of multinational corporations on technology development and innovation, investigations into the reallocation and pricing of illiquid capital in financial markets, and explorations of the effects of low interest rates on inflation and debt rollover.

The conference received a total of 211 high-quality paper contributions through an open call for submissions. Among these, eight were ultimately selected for inclusion, six of which were featured in a Special Issue of the IER. Leveraging this opportunity, PHBS and IER aim to deepen their collaboration, establishing an annual exchange platform that will ignite research vitality, promote high-level economic research, and contribute valuable insights to the advancement of economics in Asia and across the globe.

https://english.phbs.pku.edu.cn/info/1021/44872.htm 

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Finastra announces leadership transition: welcoming Chris Walters as new CEO

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LONDON, Jan. 6, 2025 /PRNewswire/ — Finastra, a global provider of financial services software applications, today announced a significant leadership transition. After nearly a decade of transformative leadership, Simon Paris will step down from his role as Chief Executive Officer. Chris Walters has joined Finastra and will assume the role of Chief Executive Officer.

Chris brings a wealth of experience from senior executive leadership positions, driving innovation and scaling technology companies. He recently served as CEO of Pluralsight and Avantax, a leading company within Financial Services, where he orchestrated significant performance improvement and the company’s successful sale. Prior to Pluralsight and Avantax, Chris served in a variety of leadership roles, including being a Partner at McKinsey & Company and the COO of Bloomberg Industry Verticals Group.

On his appointment, Chris said, “I’m excited to join Finastra at this pivotal moment in its journey and am impressed by the significant progress that has been made during Simon’s leadership. I look forward to working with the talented team to drive sustainable growth and continue to deliver more value to our customers, team members, and investors.”

Under Simon’s stewardship, the company has achieved remarkable milestones, including:

  • Leading the charge in Open Finance, following the merger of Misys and D+H in 2017 to form Finastra
  • Building a loyal customer base of over 8,000 clients in 130 countries, including 45 of the world’s top 50 banks
  • Achieving recognition as a leader in Generative AI, with all employees upskilled and ~50 capabilities in progress from ideation to production stages
  • Garnering extensive market accolades, including multiple product, culture, and leadership awards, and being named the #1 Banking Technology company, the #2 Financial Technology company, and appearing in the top 15 Software companies worldwide in 2024 alone
  • Delivering record financial performance and double-digit Annual Recurring Revenue (ARR) growth

As Finastra embarks on its new strategic sprint in 2025, the company is well-positioned for continued success. During the transition period, Simon and Chris will work closely together to ensure a smooth handover.

Simon reflected on his tenure, saying, “This journey with Finastra has been a privilege. Chris is a seasoned professional, and I am honored to ‘pass the baton’ to him. I leave incredibly proud of what Finastra has achieved so far and excited for the company’s future under Chris’s leadership.”

About Finastra
Finastra is a global provider of financial services software applications across Lending, Payments, Treasury and Capital Markets, and Universal (retail and digital) Banking. Committed to unlocking the potential of people, businesses and communities everywhere, its vision is to accelerate the future of Open Finance through technology and collaboration, and its pioneering approach is why it is trusted by ~8,100 financial institutions, including 45 of the world’s top 50 banks. For more information, visit finastra.com.

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DXC Technology’s AI Impact Helps Customers Across Industries Innovate with AI

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AI Impact leverages DXC’s combined consulting, engineering, and secure enterprise services

ASHBURN, Va., Jan. 6, 2025 /PRNewswire/ — DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, today announced AI Impact, an approach designed to help solve customers’ most pressing challenges. By combining DXC consulting, engineering and secure enterprise services, DXC will help clients across industries securely innovate and drive real business outcomes with AI.

DXC takes a pragmatic approach to AI by focusing on developing solutions that solve real world challenges and support business growth. With DXC’s AI Impact, customers benefit from DXC’s vast industry expertise and technology experience to build solutions, services and experiences together that will deliver real business outcomes using the latest technology innovation. Read more about DXC’s approach here

“AI has already captured the attention and imagination of industries everywhere. From AI agents to autonomous driving and personalized medicine, companies are taking steps to unlock value from AI, which promises to reshape our world,” said Howard Boville, EVP, Consulting & Engineering Services – Powered by AI. “With DXC’s AI Impact approach, we are helping to push the boundaries of what AI makes possible, guided by our team of consulting, engineering and technology experts to address our clients’ most pressing challenges.”

Customers across industries are leveraging AI Impact, including:

  • Automotive: DXC is helping customers leverage AI-powered diagnostic tools to make it easier for automotive manufacturers and service providers to identify potential issues before they become critical, reducing downtime and maintenance costs. DXC is also helping customers leverage AI to personalize every aspect of a vehicle, including personal assistants that learn a driver’s preferences and habits over time to make more intuitive recommendations.
  • Public Sector: To provide more transparency, governments are using DXC AI Impact to efficiently engage with citizens and make it easier for them to access public services. This includes the use of AI Agents and AI enhanced processes that streamline and simplify tax, national lending and even public healthcare processes.
  • Financial Services and Insurance: DXC is helping customers optimize operations, from underwriting and risk assessment to claims processing and customer service. By working with DXC, financial institutions are leveraging chatbots to make it easy for human agents to respond faster and more accurately to customer inquiries by analyzing thousands of documents in minutes with Generative AI.
  • Healthcare: DXC implemented an AI-powered app to help measure patient symptoms in real-time, analyzing data to provide clinicians with insights that enable more accurate diagnoses and treatment plans, improving the quality of care and proactively addressing prescription resistance.

For more information on DXC AI Impact and how we’re working with the most innovative industry leaders to securely innovate, visit here.

Forward Looking Statements

All statements in this press release that do not directly and exclusively relate to historical facts constitute “forward-looking statements.” These statements represent current expectations and beliefs, and no assurance can be given that any result, goal or plan set forth in any forward-looking statement can or will be achieved. Such statements are subject to numerous assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those described in such statements, many of which are outside of our control. For a written description of these factors, see the section titled “Risk Factors” in DXC’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, and any updating information in subsequent SEC filings. Readers are cautioned not to place undue reliance on such statements which speak only as of the date they are made. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, except as required by law.

About DXC Technology

DXC Technology (NYSE: DXC) helps global companies run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. The world’s largest companies and public sector organizations trust DXC to deploy services to drive new levels of performance, competitiveness, and customer experience across their IT estates. Learn more about how we deliver excellence for our customers and colleagues at DXC.com.

CONTACT: Mihir Bellamkonda, Media Relations, [email protected]; Roger Sachs, Investor Relations, [email protected]

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Transforming Financial Futures: IBN Technologies Innovative Small Business Bookkeeping Solutions in California

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MIAMI, Jan. 6, 2025 /PRNewswire/ — A game-changing bookkeeping solution has been launched to address critical financial challenges faced by small businesses, particularly in California. As the accounting industry undergoes rapid transformation, this innovation promises to streamline financial management, boost efficiency, and support growth, marking a significant shift in how small businesses navigate a competitive economic landscape.

As the backbone of the U.S. economy, small businesses account for a significant portion of jobs and economic activity. However, many struggle with the complexities of financial management, from maintaining accurate records to staying compliant with tax regulations. Recognizing these challenges, IBN Technologies has introduced, a suite of small business bookkeeping solutions in California has been introduced to provide business owners with the tools they need to optimize their financial operations and drive long-term success.

Book 30-minute free consultationhttps://www.ibntech.com/free-consultation/?pr=prnewswire

“We understand that managing finances can be a time-consuming and overwhelming task for small business owners,” said Ajay Mehta, CEO of IBN Technologies. “Our goal is to simplify that process and provide them with the clarity they need to make informed decisions. With our advanced bookkeeping solutions, entrepreneurs can focus more on what they do best running and growing their businesses.”

What also sets the service apart is its adaptability. Their solutions are tailored to meet the unique needs of each client, whether it’s a small retail shop, a tech startup, or a local restaurant. This flexibility ensures that finance and accounting services are customized to fit the specific financial requirements of each business, allowing real-time access to financial data and professional insights. Business owners are empowered to stay ahead of financial trends, manage costs, and plan more effectively.

Besides their software and tools expertise, they offer business owners continuous support from a seasoned team of accountants and financial advisors. Clients benefit from not only advanced technology but also personalized consultation, ensuring their financial strategy aligns with their long-term goals.

Looking to the future, there are plans to expand these services to even more small businesses in California and beyond. With the business environment constantly evolving, IBN Technologies recognizes the importance of continuous innovation and adaptation. The focus remains on enhancing these services, ensuring that clients are equipped with the most advanced and effective bookkeeping solutions available.

About IBN Technologies 

IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive efficiency and growth. 

Contact Details:
Pradip
[email protected]
+1 – 844 – 644 – 8440

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USA:
IBN Technologies LLC
66 West Flagler Street Suite 900 Miami, FL 33130 

India: Global Delivery Centre
IBN Technologies Limited
Kohinoor House, 2nd floor,
691/A/1B, Plot no. 7,
Bibwewadi Road, Pune-411037 

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