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ASYAD PORTS UNVEILS CUTTING-EDGE CONTAINER TERMINAL AT DUQM PROVIDING VITAL LINK IN GLOBAL SUPPLY CHAIN CONNECTIVITY

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DUQM, Sultanate of Oman, Jan. 23, 2024 /PRNewswire/ — Operations have begun at the all-new Asyad Container Terminal in Duqm, the latest in a string of expansion activities from Asyad Ports to meet the needs of the global maritime industry. Part of Asyad Group, Asyad Ports launched the new container terminal in collaboration with Port of Duqm and the Special Economic Zone at Duqm to offer more integrated logistics solutions and proactively respond to new trends in global trade and handling. This is part of a broader goal for Asyad Ports to increase the competitiveness of its services and the throughput of its ports. Located at Duqm port on Oman’s South-East coast, the container terminal is strategically positioned to serve as a gateway for international shipping routes, offering market players an ideal terminal for imports, exports and transshipment overlooking vital global trade lanes directly connected to Africa, the Middle East, and the Indian subcontinent.

“The new container terminal at Duqm Port advances vital supply chain solutions for Oman and the global shipping sector,” said Dr. Ahmed Al Abri, CEO of Asyad Ports. “This project is a reflection of our expertise, technical capabilities and strong confidence granted to us from our global customers to operate commercial ports and terminals, facilitating crucial growth strategies for the world.”

Technically-advanced, Asyad Container Terminal is equipped with four remotely operated 65-ton twin lift STS cranes and twelve 50-ton RTG cranes. In addition to their 71-meter outreach and 18-meter backreach, the cranes are fitted with a host of fifth-gen technologies, including optic fiber data transfer systems for remote operation and smart driving systems. The terminal also boasts a cutting-edge yard control system and an automatic landing system designed to improve overall handling and productivity. With a quay length of over 1,000 meters, and a yard storage capacity of 26,000 TEU and over 600 reefer containers, the terminal also consists of three berths capable of berthing and handling three ships at a time.

The container terminal will boost fast shipping routes to major global markets by leveraging the integrated logistics solutions, supported by an interconnected network of Oman’s world-class seaports. Its facilities and deep-water berths can accommodate the latest generation of mega-container vessels, facilitating smoother and more cost-effective cargo movements. With value-added services including import discharging, export loading, transshipment handling, and container stuffing/unstuffing enhancing connectivity and reducing transit times for cargo destined for various parts of the world, the terminal is expected to attract a surge in international trade.

Under the Asyad Group umbrella, the terminal benefits from the full power of an integrated logistics ecosystem that includes Asyad Shipping, with its diverse and robust fleet, and Asyad Logistics, ensure seamless connectivity to all Omani governorates and key consumer hubs.  This heralds profound implications for global trade corridors.

ABOUT ASYAD GROUP

Asyad Group is Oman’s global integrated logistics service provider. The Group comprises three deep ports, two free zones and an economic zone supported by Oman’s five airports, and a world-class road network. In addition, Asyad operates full maritime services with one of the largest drydock in the Middle East and a diversified fleet of more than 80 vessels, supported by a sea transport network that connects Oman to key ports across the region and the globe.

Asyad offers integrated logistics services to meet market needs and support Oman’s economy. This allows optimal use of its diverse and powerful support assets, including its renowned Asyad Express service that spans from the 3,000m2 world-class fulfilment center to the last mile delivery, serving finance, e-commerce, manufacturing, and other businesses.

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Renaissance Philanthropy and XTX Markets launch new $9 million AI for Math Fund

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Fund aims to support new projects building AI tools to accelerate breakthrough discoveries in mathematics

WASHINGTON and LONDON, Dec. 5, 2024 /PRNewswire/ — Renaissance Philanthropy and XTX Markets today announced the launch of the AI for Math Fund. The fund will commit $9.2 million to support the development of new AI tools, which will serve as long-term building blocks to advance mathematics.

An increasing number of researchers, including some of the world’s leading mathematicians, are embracing AI to push the boundaries of mathematical discovery and learning. The AI for Math Fund will support projects that expand the use of leading AI technology by mathematicians globally.

Alex Gerko, Founder and co-CEO, XTX Markets said, “The fund will support this critical intersection between AI and math. Working in partnership with Renaissance Philanthropy, we want to give mathematicians the tools they need to advance the field. As AI continues to transform other sciences, we believe that mathematics will be next.”

Renaissance Philanthropy and XTX Markets are inviting proposals for innovative projects led by researchers, non-profits, companies, mathematicians, software engineers and computer scientists that are unlikely to occur under business-as-usual conditions. Click here to submit an application.

Proposals should be aligned with one of the following categories:

  • Production grade software tools: AI for auto-formalization, proof generation, synthesis of verifiable code, and more
  • Datasets: Open-source collections of theorems, proofs, and math problems
  • Field building: Textbooks, courses, and resources to grow the AI-for-math community
  • Breakthrough ideas: High-risk, high-reward approaches to AI-driven math research

XTX Markets is the founding donor of the AI for Math Fund.

“We are excited to partner with XTX Markets on this important initiative,” said Tom Kalil, CEO of Renaissance Philanthropy. “The convergence of AI and math has the potential to advance fundamental mathematics, the reasoning capability of AI systems, and the synthesis of verifiable code.”

Following a rigorous assessment of the proposals, individual grants of up to $1 million will be awarded for projects lasting up to 24 months.

Terence Tao, UCLA, Fields Medalist and AI for Math Fund advisor said, “The next generation of AI models and tools have the potential to enhance collaboration among mathematicians that was previously impossible. I am delighted to work with Renaissance Philanthropy and XTX Markets to realize this potential through the AI for Math Fund.”

About Renaissance Philanthropy

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Renaissance Philanthropy is a nonprofit organization with a mission to fuel a 21st century renaissance by increasing the ambition of philanthropists, scientists, and innovators. We do this by advising philanthropists, surfacing breakthrough ideas, and incubating ambitious initiatives.

About XTX Markets

XTX Markets is a leading algorithmic trading firm which uses state-of-the-art machine learning technology to produce price forecasts for over 50,000 financial instruments across equities, fixed income, currencies, commodities and crypto. It uses those forecasts to trade on exchanges and alternative trading venues, and to offer differentiated liquidity directly to clients worldwide. The firm trades over $250bn a day across 35 countries and has over 250 employees based in London, Singapore, New York, Paris, Bristol, Mumbai and Yerevan.

XTX Markets has an unrivalled level of computational resources in the trading industry, with a growing research cluster currently containing over 25,000 GPUs with 650 petabytes of usable storage. Teams across the firm include world-class researchers with backgrounds in pure math, programming, physics, computer science and machine learning. The firm is also constructing a large-scale data centre in Finland to future-proof its significant computational capabilities. 

Since 2017, XTX Markets has committed over £250 million to charities and non-profit partners, establishing the firm as a major philanthropic donor in the UK and globally. The firm’s philanthropy focuses on advancing mathematics education and research, having committed over £50 million in grants to UK charities and education institutions, with the aim of supporting more students to progress to degrees, PhDs and highly-skilled careers in maths, especially those from low-income backgrounds. XTX Markets has also committed more than £25 million to support elite mathematics talent worldwide. More broadly, the firm’s giving also supports high-impact education programmes in low- and middle-income countries, humanitarian relief and local community initiatives in the regions where our offices are located internationally.

 

 

 

View original content:https://www.prnewswire.co.uk/news-releases/renaissance-philanthropy-and-xtx-markets-launch-new-9-million-ai-for-math-fund-302324035.html

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Mambu acquires payment technology provider Numeral, bolstering its market position to target new growth opportunities

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  • The acquisition marks a strategic move by the cloud banking leader to extend its payment capabilities for customers, as Mambu eyes market expansion and accelerated growth in support of long-term plans.
  • Numeral’s platform will be integrated into Mambu’s core banking offerings, with advanced payment solutions technology, to accelerate and advance the next generation of financial products.

AMSTERDAM, Dec. 5, 2024 /PRNewswire/ — Mambu, a leading cloud banking platform, has announced the acquisition of Numeral, a French payment technology provider for banks and fintechs.

The acquisition strengthens Mambu’s position as an industry leader, in a move that underscores market confidence and growing demand for modern financial experiences. The addition of advanced payment capabilities represents a significant investment in the next phase of Mambu’s growth as an established market player.

With Numeral’s platform, Mambu is set to drive new value from wider audience segments that will increase its overall share of the market. It also offers a unique strategic fit to the foundation of the cloud banking leader’s long-term expansion efforts.

“This acquisition marks a considered move to deliver a more modern, comprehensive payment offering which is now an integrated part of Mambu’s product portfolio. Numeral’s advanced payments platform will enable us to address changing customer demands, strengthen existing product lines and expand our market reach, while offering businesses advanced capabilities to meet an extensive range of needs.” – Fernando Zandona, CEO at Mambu.

Speaking about why Numeral was the ‘right fit’ for Mambu, Zandona added: “Numeral’s values, proven agility, and robust onboarding processes match perfectly with our growth mindset as a business. We look forward to welcoming their talented team as we unlock new growth opportunities together.”

Founded in 2021, Numeral is a fast-growing payment technology provider that offers financial institutions a universal gateway to connect to partner banks and access schemes and a modern payments hub to automate payment processing. The Paris-based firm processes more than €10 billion in payments annually and has established a strong presence in Europe, having expanded its operations to the UK last year.

The size of the market opportunity for bank payments is striking. In 2022, the value of bank payments in the Eurozone stood at €191 trillion, that is 58x more than card payments (€3.3 trillion). This vast global market is transforming rapidly, driven by the rise of instant payments as a catalyst for modernising core banking and payment platforms. With its robust bank integrations, a modular API and modern dashboard, Numeral’s platform will enable Mambu to capitalise on this market opportunity. 

The cloud banking platform will also benefit from Numeral’s roster of partnerships with some of Europe’s leading banks, including BNP Paribas, Barclays, HSBC, and ABN AMRO.

“Payments are at the heart of how companies do business around the world, yet they remain trapped in systems designed decades ago, unfit for the ongoing instant payments revolution,” said Numeral co-founder and CEO, Édouard Mandon. “This is a problem that Mambu intimately understands having helped banks and financial institutions worldwide to migrate from rigid, traditional core systems to agile and adaptable cloud infrastructure. Bringing together our dedicated payments technology with Mambu’s leading cloud banking platform and global customer base, we can enable more companies to make their payments future-proof and ever-compliant while eliminating hidden payment complexity at scale.”

The integration of Mambu and Numeral’s advanced payment platform will enable banks, fintechs, and non-financial service firms to seamlessly manage end-to-end payment workflows, support multiple payment methods, and provide real-time transaction capabilities. This will drive greater operational efficiency, improved customer experiences, and accelerated time-to-market for innovative financial solutions.

Mambu will gain the flexibility to offer an even more sophisticated, readily-available set of payment capabilities. New and not-yet-live customers can take advantage of this from day one, while customers that already have a payment solution in place will have the option to upgrade.

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About Mambu

Mambu is the world’s only true SaaS cloud banking platform. Launched in 2011, Mambu fast-tracks the design and build of nearly any type of financial offering for banks of all sizes, lenders, fintechs, retailers, telcos and more. Our unique composable approach means that independent components, systems and connectors can be assembled in any configuration to meet business needs and end user demands. Mambu supports over 260 customers in over 65 countries – including Western Union, Commonwealth Bank of Australia, N26, BancoEstado, Raiffeisen Bank, ABN AMRO, and Bank Islam. www.mambu.com 

About Numeral

Numeral is a payment technology provider that offers financial institutions a universal gateway to connect to partner banks and access schemes and a modern payments hub to automate payment processing. Numeral enables fintechs and banks to unlock growth by launching new products and expanding geographically faster, eliminating hidden payment complexity and making their payments future-proof and ever-compliant. Launched in 2021, Numeral provides the payment infrastructure for the most innovative European banks and fintechs like WorldFirst, Argentex and Alma and partners with Europe’s leading banks, including BNP Paribas, Barclays, BPCE, HSBC and LHV.

View original content:https://www.prnewswire.co.uk/news-releases/mambu-acquires-payment-technology-provider-numeral-bolstering-its-market-position-to-target-new-growth-opportunities-302323963.html

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Jeff McLean Named CEO of ghSMART, Continuing Legacy of Leadership Excellence

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CHICAGO, Dec. 5, 2024 /PRNewswire/ — G.H. Smart & Company, LLC, the world’s premier leadership advisory firm, proudly announces the appointment of Jeff McLean as Chief Executive Officer. McLean, President of ghSMART for the past three years, steps into the newly created role to lead the firm’s next phase of growth and innovation.

Under McLean’s leadership as President, ghSMART secured 14 #1 rankings in Vault’s “Best Consulting Firms to Work For” and achieved 100% client satisfaction, solidifying its reputation as the most trusted advisor to CEOs, boards, and investors worldwide. As CEO, McLean aims to further advance ghSMART’s mission to help leaders build valuable companies through expertise in business and human behavior.

Founder and Chairman Geoff Smart shared his confidence in McLean’s leadership: “Jeff’s track record was remarkable even before joining ghSMART—Fulbright and Truman Scholar, Navy Fighter Pilot and Test Pilot, White House Fellow. As President, he surpassed our firm’s goals, demonstrated unwavering dedication to our team and clients, exemplifying our credo to help leaders amplify their positive impact on the world.  I am excited to see his leadership flourish as CEO. Jeff is the definition of a servant leader and embodies the values that make ghSMART extraordinary.”

McLean shared his enthusiasm for this new chapter: “It is an honor to lead ghSMART as CEO. Our work profoundly impacts the world by empowering the most influential leaders to achieve extraordinary results. I am deeply inspired every day by the incredibly talented people on our team, and I’m grateful for the trust placed in me. Together, we will continue to set the standard for excellence in high-stakes leadership advisory.”

This leadership elevation comes as ghSMART continues to expand its global presence and investment in digital solutions, driven by increasing demand for its advisory services. With McLean at the helm, the firm is poised to deepen its influence in shaping the future of leadership.

About ghSMART

ghSMART is the trusted advisor to CEOs, boards, and investors on leadership strategies that drive performance and transformation. Combining rigorous assessments with analytics, ghSMART supports its clients in building exceptional teams and achieving their most ambitious goals. Founded on the belief that leadership is the most powerful force for good, ghSMART remains a pioneer in leadership advisory, with a legacy of bestselling books and industry accolades. For more information, visit www.ghsmart.com.

Media Contact:
Jennifer Watkins
[email protected]

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Cision View original content:https://www.prnewswire.co.uk/news-releases/jeff-mclean-named-ceo-of-ghsmart-continuing-legacy-of-leadership-excellence-302323943.html

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