Fintech PR

How Technology Is Tackling Environmental Challenges

Published

5 years ago

October 24, 2019

Newsfile

Reading Time: 5 minutes

Technology is quickly changing the way in which us humans live, talk, work, and react with the world around us. The speed in which technology is being produced shows that there are no limitations to what can be achieved. With the development of devices that are able to work independently and mimic the action of humans, such technology can aid, enhance and conduct necessary actions. With the health of the planet in detrimental condition, can the latest advances in technology be used to aid and support the reclining health of the world?

The hunt for new development and smarter ways of living, is continually being researched. With man-made technology unable to replace the world’s ecosystem, it can, however, play a crucial role in environmental degradation. Technology can change the way in which human’s identify, track and value what the environment provides, hopefully helping to slow down climate change that is occurring rapidly around us.

Below are some of the most recent advances in technology and how they too can be used to help save the environment and make a positive change.

Artificial Intelligence tracking

It may be hard to believe that animals and the habitats in which they live can make a huge difference to the health of the world we live in. Through the deforestation of the Amazon and the reduced number of wildlife that call this environment their home, the breakdown of the species living within the rainforest is severe, as they all play a part in keeping our ecological system alive and healthy.

One thing that is evident to everyone, however, is the fast-moving breakdown and extinction of animals all around the world, with more than 10,00 species becoming extinct each year, due to human activity such as deforestation or poaching.

However, there is hope on the horizon. With advancements being made within Artificial Intelligence, there is a high chance that the technology will be able to track animals within their natural habitats. This will not only allow us to study the exciting and private lives of various animals, but also locate and pinpoint their exact location before deforestation and hunting can occur.

Being able to track the species at all times will avoid the death of so many important animals, while helping our ecosystem stay alive and well for the health of the world around us.

Renewable Energy Sourcing

One of the most significant ways that technology can contribute to saving the environment is through the creation of a sustainable energy source.

With the inventory of fossil fuels running low, the need to find a green and environmentally friendly substitute is important, more so than ever before.

Generating energy with the use of technology is a far more flexible and eco-friendly way of powering the ever growing world. Although a long process, when it comes to developing systems that work, finding the correct location, is equally as important. Energy Procurement, such as wind turbines and solar panels, are already two popular forms of technology that can be used to help generate energy. Realistically, more renewable energy options are needed in order to reduce and replace the use of fossil fuels altogether.

Sustainable energy sources work by using the sun, wind and even the tides. All natural sources whose energy can be harnessed to generate and power industries, while helping to nurture the health of the surrounding environment.

Thermal Cameras To Combat Poaching

The poaching of animals has drastically become a sport and form of income for many people around the world. The killing of animals, whether for their fur, tusks or skin sometimes can be the only form of income for many poachers and has become a big industry in East Asia, but also Africa. Although not always conducted out of pleasure, the poaching of animals has caused an effect on the surrounding environment, by removing a key part in the natural hierarchy. All animals, no matter how big or how small, all play a role in feeding and caring for the earth. By taking away this process, it can reduce their impact on both the ecosystem, but also their role in the nitrogen cycle.

Technology, however, is being used to help capture poachers and diminishing the trade that comes as a consequence of poaching. The way in which technology can be used, is by rangers using thermal imaging to help identify the criminals in the dark and catching and intercepting before they are able to conduct their wicked crimes.

Through the ability of being able to see in the dark, without this useful tool, rangers would not be able to closely inspect individuals within nature reserves, and the rate of animal deaths would increase drastically.

Cleaning Land And Oceans

One of the biggest challenges that the world has placed on itself is the production of waste and where it stores it. With our homes overrun with plastic, it is often unnecessarily used to store and transport products, such as food and clothing. With the population not sticking to the recycling rules nor making a conscious effort to reduce their plastic waste, more and more waste each year is finding itself in both landfills and in the ocean.

With a high volume of plastic waste making its way into the oceans, the surrounding ecosystems are being quickly damaged, from the chemicals emitted from the plastic, but also from the animals ingesting the rubbish.

An example of technology being used to help tackle the ever growing problem of plastic waste in our wide oceans and one example can be seen as the Dutch organisation “Ocean Cleanup”.

Ocean Cleanup, a non-profitable organisation have created a device that can sail itself 600 meters into the pacific, while making sure that it picks up as much plastic waste as possible, removing it from the ocean. The technology this group created, is propelled by the wave and wind power in order to continuously have the energy to help propel and function the boat.

Aside from this invention, designers are trying to find innovative ways to reuse the waste produced every day, helping to prevent it from washing up on our beaches or finding its way in the stomachs of large sea mammals.

Summary

With the environment under an intense amount of pressure, the future health of the Earth looks uncertain. However, continual advances are being made in technology, where these developments can be used to help support and nurture the environment.

With devices already created to help stop deforestation, extinction and saving the environment from waste; there is no limitations of what other developments could be created through the rise of technology advancements, helping to save the planet further.

The challenges created in the environment have quickly become too powerful for humans to control, so technology is needed more so now than ever, in order to tackle these issues in haste.

As a population, while we wait for these advances in technology to be created, we can all make a conscious effort to reduce the amount of waste and damage that we create to the surrounding environment. Whether it be monitoring the amount of unnecessary plastic that we use, to taking time out of our day to walk instead of driving. By making small changes in our routine, we too can help tackle small environmental challenges within our everyday lives.

About the author: Sydney Tierney just recently finished her studies; is working her way into the world of content writing as a digital marketing assistant. She writes for clients that specialise in workstations, wedding bands and energy procurement

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Redefining Financial Frontiers: Nucleus Software Celebrates 30 Years with Synapse 2024 in Singapore

Published

1 hour ago

November 23, 2024

CISION (PR Newswire)

redefining-financial-frontiers:-nucleus-software-celebrates-30-years-with-synapse-2024-in-singapore

SINGAPORE, Nov. 23, 2024 /PRNewswire/ — The thriving India–Singapore partnership in banking and technology reached a new milestone as Nucleus Software celebrated 30 years of transformative innovation at Synapse 2024, held in Singapore. The event underscored the company’s role in redefining financial services across Southeast Asia (SEA) and the globe, bringing together leaders in finance and technology to explore a shared vision for the future of banking.

Synapse 2024 celebrated 30 years of Nucleus Software’s leadership in driving transformative change across Singapore and Southeast Asia’s financial ecosystem. The event also shone a spotlight on the Global Finance & Technology Network (GFTN), an initiative supported by the Monetary Authority of Singapore (MAS) to champion responsible technology adoption. The event highlighted the deepening synergies between India and Singapore, driven by their shared commitment to innovation, cross-border collaboration, and financial inclusion. As the financial services sector undergoes rapid evolution with advancements in artificial intelligence, blockchain, and digital banking, these partnerships are setting the stage for a more connected, resilient, and inclusive global ecosystem.

Vishnu R. Dusad, Co-founder and Managing Director of Nucleus Software, reflected on the milestone: “For over 30 years, we’ve had the privilege of aligning our journey with Singapore’s ascent as a global financial powerhouse. Back in 1994, when we chose to go East instead of West, it was a bold and emotional decision—guided by our belief in Singapore as a hub for innovation and collaboration. We saw then what remains true today: Singapore is at the heart of the global financial landscape, a place where new ideas take root, and partnerships thrive.”

The event brought together a distinguished array of participants, highlighting the transformative potential of India–Singapore collaboration. Mr. Piyush Gupta, CEO of DBS Group and the Guest of Honor, set the tone for the event with his opening remarks, emphasizing the transformative role of big tech in reimagining scalable, customer-centric financial services in the digital age.

Following his address, key speakers enriched the discussions with their insights. Mr. Sopnendu Mohanty, Chief Fintech Officer at the Monetary Authority of Singapore and Group CEO-Designate of The Global Finance & Technology Network (GFTN), underlined the importance of fostering responsible technology adoption and building inclusive financial ecosystems. Mr. Vinod Rai, globally respected public policy expert, Distinguished Visiting Research Fellow at the National University of Singapore, and former Comptroller and Auditor General of India, shared his perspectives on governance and policy frameworks in financial systems. Mr. S.M. Acharya, Chairman of Nucleus Software and former Defence Secretary of India, offered a visionary outlook on leveraging technology to modernize and secure banking frameworks. Finally, Mr. Pieter Franken, Co-founder and Director of GFTN (Japan), a global FinTech pioneer and deep tech innovator, discussed the future of decentralized finance and its implications for the financial sector.

The event showcased the transformative role of technology in global financial systems, emphasizing innovations that set benchmarks for scalability and inclusivity. Panelists discussed the importance of localized solutions, the challenges of cross-border integration, and leveraging dual business models to optimize capital and foster public participation. The dialogue highlighted the need for common standards, unified frameworks like APIs, and collaborative efforts to accelerate financial inclusion and drive global connectivity in the digital age.

For 30 years, Nucleus Software has consistently introduced advanced lending and banking solutions that support financial institutions’ evolving needs in Singapore and South East Asia. Driven by lean development methodologies like Acceptance Test-Driven Development (ATDD) and Continuous Integration/Continuous Delivery (CICD), Nucleus Software continues to push boundaries in efficient, flexible, and secure financial technology.

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ROYAL CANADIAN MINT REPORTS PROFITS AND PERFORMANCE FOR Q3 2024

Published

9 hours ago

November 22, 2024

CISION (PR Newswire)

OTTAWA, ON, Nov. 22, 2024 /PRNewswire/ — The Royal Canadian Mint (the “Mint”) announces its financial results for the third quarter of 2024 that provide insight into its activities, the markets influencing its businesses and its expectations for the next 12 months.

“As the markets continue to change, the Mint is proving its ability to seize on new opportunities thanks to its diversified structure and flexible business strategy” said Marie Lemay, President and CEO of the Royal Canadian Mint.

The financial results should be read in conjunction with the Mint’s annual report available at www.mint.ca . All monetary amounts are expressed in Canadian dollars, unless otherwise indicated.

Financial and Operational Highlights

The financial results for the third quarter of 2024 were ahead of target and higher than 2023 levels. Higher gold market pricing and foreign circulation volumes combined with lower fixed costs were the main drivers for the quarter over quarter increase. These increases were partially offset by lower than expected bullion volumes from the continued soft demand in the global bullion market. The Mint expects to meet its financial goals for 2024, as set out in its 2024-2028 Corporate Plan, the Mint’s Leadership team continues to actively monitor its status.
Consolidated revenue decreased to $252.7 million in 2024 (2023 – $360.6 million).
Revenue from the Precious Metals business decreased to $217.6 million in 2024
(2023 – $328.4 million):
- Gold bullion volumes decreased 38% quarter over quarter to 106.1 thousand ounces (2023 – 170.1 thousand ounces) while silver bullion volumes decreased 20% to 2.7 million ounces (2023 – 3.4 million ounces).
- Gold and silver market prices increased quarter over quarter by 27% and 23%, respectively.
- Sales of numismatic products decreased 12% quarter over quarter mainly due to the high demand in 2023 for the Queen Elizabeth II’s Reign products.
Revenue from the Circulation business increased to $35.1 million in 2024
(2023 – $32.2 million):
- Revenue from the Foreign Circulation business increased 77% quarter over quarter, a reflection of higher volumes produced and shipped in 2024 as compared to 2023.
- Revenue from Canadian coin circulation products and services decreased 12% quarter over quarter as fewer coins were required to replenish inventories, combined with lower program fees in accordance with the memorandum of understanding with the Department of Finance.
Overall, operating expenses decreased 27% quarter over quarter to $28.3 million (2023 – $36.0 million) mainly due to planned reductions in consulting and workforce expenses.

Consolidated results and financial performance
(in millions)

		13 weeks ended				39 weeks ended
				Change					Change
	September 28, 2024		September 30, 2023 Advertisement	$	%		September 28, 2024	September 30, 2023	$	%
Revenue	$	252.7 Advertisement	$ 360.6	(107.9)	(30)		$ 861.2	$ 1,841.8	(980.6)	(53)
Profit (loss) for the period	$ Advertisement	5.7	$ (5.8)	11.5	(198) Advertisement		$ 24.1	$ 15.0	9.1	61
Profit (loss) before income tax and other items ¹	$ Advertisement	1.4	$ (8.7)	10.1	(116)		$ 12.3	$ 23.4	(11.1)	(47) Advertisement
Profit (loss) before income tax and other items margin²		0.6 %	(2.4) %				1.4 %	1.3 %

(1) Profit (loss) before income tax and other items is a non-GAAP financial measure. A reconciliation from profit for the period to profit before income tax and other items is included on page 13 of the Mint’s 2024 Third Quarter Report.

(2) Profit (loss) before income tax and other items margin is a non-GAAP financial measure and its calculation is based on profit before income tax and other items.

	As at
September 28, 2024 Advertisement				December 31, 2023		$ Change		% Change
Cash		$	58.4	$	59.8		(1.4)	(2) Advertisement
Inventories		$	71.5	$	68.8		2.7	4
Capital assets		$	174.2 Advertisement	$	173.0		1.2	1
Total assets		$	376.8	$	380.4		(3.6) Advertisement	(1)
Working capital		$	99.2	$	97.8		1.4	1

As part of its enterprise risk management program, the Mint continues to actively monitor its global supply chain and logistics networks in support of its continued operations. Despite its best efforts, the Mint expects changes in the macro-economic environment and other external events around the globe to continue to impact its performance in 2024. The Mint continues to mitigate potential risks as they arise through its enterprise risk management process.

To read more of the Mint’s Third Quarter Report for 2024, please visit www.mint.ca.

About the Royal Canadian Mint
The Royal Canadian Mint is the Crown corporation responsible for the minting and distribution of Canada’s circulation coins. The Mint is one of the largest and most versatile mints in the world, producing award-winning collector coins, market-leading bullion products, as well as Canada’s prestigious military and civilian honours. As an established London and COMEX Good Delivery refiner, the Mint also offers a full spectrum of best-in-class gold and silver refining services. As an organization that strives to take better care of the environment, to cultivate safe and inclusive workplaces and to make a positive impact on the communities where it operates, the Mint integrates environmental, social and governance practices in every aspect of its operations.

For more information on the Mint, its products and services, visit www.mint.ca. Follow the Mint on LinkedIn, Facebook and Instagram.

FORWARD LOOKING STATEMENTS AND NON-GAAP FINANCIAL MEASURES

This Earnings Release contains non-GAAP financial measures that are clearly denoted where presented. Non-GAAP financial measures are not standardized under International Financial Reporting Standards (IFRS) and might not be comparable to similar financial measures disclosed by other corporations reporting under IFRS.

This Earnings Release contains forward-looking statements that reflect management’s expectations regarding the Mint’s objectives, plans, strategies, future growth, results of operations, performance, and business prospects and opportunities. Forward-looking statements are typically identified by words or phrases such as “plans”, “anticipates”, “expects”, “believes”, “estimates”, “intends”, and other similar expressions. These forward-looking statements are not facts, but only estimates regarding expected growth, results of operations, performance, business prospects and opportunities (assumptions). While management considers these assumptions to be reasonable based on available information, they may prove to be incorrect. These estimates of future results are subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially from what the Mint expects. These risks, uncertainties and other factors include, but are not limited to, those risks and uncertainties set forth in the Risks to Performance section of the Management Discussion and Analysis in the Mint’s 2023 annual report, as well as in Note 9 – Financial Instruments and Financial Risk Management to the Mint’s Audited Consolidated Financial Statements for the year ended December 31, 2023. The forward-looking statements included in this Earnings Release are made only as of November 20, 2024 and the Mint does not undertake to publicly update these statements to reflect new information, future events or changes in circumstances or for any other reason after this date.

For more information, please contact: Alex Reeves, Senior Manager, Public Affairs, Tel: (613) 884-6370, [email protected]

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OIVE and ViniPortugal celebrate closing of joint campaign that reached 100 million consumers

Published

10 hours ago

November 22, 2024

CISION (PR Newswire)

MADRID and PORTO, Portugal, Nov. 22, 2024 /PRNewswire/ — For three years, A Shared Passion showed European consumers the quality and unparalleled versatility of Iberian wines. The program reached over 100 million consumers with advertising in airports, train stations, press trips, digital content, and other actions with opinion leaders.

The wine interprofessionals of Spain (OIVE) and Portugal (ViniPortugal) celebrated the closing of their ambitious joint campaign A Shared Passion with flagship events in Madrid and Porto. The closing event in Spain took place in Madrid’s iconic Calle Alcalá, while in Portugal, the World of Wine (WOW) in Porto was the perfect setting to present the achievements of the international collaboration. Both ceremonies were very well received by the press and the wine sector, highlighting the impact of the promotional actions that reached more than 79.2 million travelers in key transport infrastructures.

The campaign included 22 study trips, taking 150 specialized journalists to explore the world of wine in both countries and generating publications that reached nearly 15 million European consumers.

On social media, the A Shared Passion profile on Instagram exceeded 15,000 followers, consolidating its presence in the digital sphere. In addition, exclusive activities such as workshops and VIP dinners contributed significantly to this initiative’s global impact.

The final events were honored by the presence of opinion leaders, such as Masters of Wine Pedro Ballesteros and Dirceu Vianna Júnior, who moderated round tables with the presidents of OIVE, Fernando Ezquerro, and ViniPortugal, Frederico Falcão. The conference concluded with masterclasses that highlighted Spain and Portugal’s extraordinary oenological diversity, reinforcing the relevance of the sector in the economic, social, and environmental sustainability of both countries.

With funding from the European Union, A Shared Passion highlighted not only the quality and authenticity of Iberian wines but also their strategic role in the sustainable development of numerous municipalities. This initiative underlines the passion with which Spanish and Portuguese wines are made, reflecting their rich traditions and commitment to the future.

For more information: www.asharedpassion.com

Video: https://mma.prnewswire.com/media/2565600/ViniPortugal_and_OIVE.mp4

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