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Beroe introduces on-demand geopolitical risk analysis through PRISM enabling C-Suite to protect against ongoing supply chain disruptions

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Blending a macro view of global risks with detailed category-specific procurement intelligence to enable fast, informed procurement decisions 

RALEIGH, N.C. and NEW YORK, March 6, 2024 /PRNewswire/ — Beroe, the provider of a SaaS procurement intelligence and analytics platform used by over 80% of Fortune 500 companies, today announced a strategic partnership with PRISM, the global geopolitical and macro risk advisory service. Through this partnership, Beroe’s customers will benefit from integrated alerts, reports and insights generated by PRISM’s political risk experts into Beroe LiVE.Ai, its AI-Powered Procurement Intelligence Platform.

With current and increasing geopolitical uncertainty, it is crucial for businesses operating global supply chains to know what is happening on a day-to-day basis and how these factors may impact their business, and what this means for their procurement operations. 

The 360-degree view of geopolitical and economic factors from PRISM allows Chief Procurement Officers (CPOs), Chief Finance Officers (CFOs) and other C-Suite leaders and their teams to proactively identify and prepare for supply chain risks and disruptions before these impact their business.

All Beroe LiVE.Ai users will immediately have access to top-level PRISM insights, with additional in-depth analysis available for an additional charge. Customers will benefit from forward-looking push alerts as well as visibility of industry implications and impact simulations available at the fingertips. 

Beroe provides highly granular AI-powered data and intelligence that helps inform and enable procurement decisions across industry sectors for a wide range of global players. Beroe LiVE.Ai is an AI-powered Procurement Intelligence Platform that surfaces immediate detailed insights to users. The Beroe LiVE.Ai engine also integrates with leading Source-to-Pay, contracting software solutions and enterprise messaging solutions. 

“Over the past few years, we have witnessed a large number of highly disruptive worldwide events, unparalleled in the modern era not only for their scale but also the impact on global businesses,” said Valekumar Krishnan, Chief Content Officer at Beroe Inc. “While procurement teams have had to react today to risks and disruption to international supply chains, CPOs are having to make strategic decisions for tomorrow against a backdrop of near-constant flux. Access to timely, accurate and insightful intelligence is critical to successfully plan and build a resilient supply chain. By integrating PRISM’s research and analysis into our AI-powered procurement intelligence platform we are supporting our customers with access to the most comprehensive suite of the best possible data and insights with which to run their businesses.” 

PRISM’s insights on global risks, including geopolitics, domestic politics, ESG, and economic shifts, complement Beroe’s existing data and information sources, providing actionable intelligence to help both C-Level and Procurement specialists to make strategic decisions around major world events likely to impact production, supply chain and distribution. PRISM provides tailored research, data, analysis, and expertise, helping senior executives and their teams make strategic decisions in high stakes environments. 

“Geopolitics and economic uncertainty are the biggest causes of risk to supply chains today. A solution for macro risk tracking is imperative for companies operating on a global scale to be ready for the next major disruption,” said Johan Gott, Co-founder of PRISM. “By integrating our intelligence-led and supply-chain focused macro expertise into Beroe’s market-leading solution we are providing Chief Procurement Officers and their teams of specialists with the full package of insights to help mitigate risk, manage suppliers and ultimately maximise business returns.” 

About Beroe 

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Beroe, has been on procurement’s leading edge since the company’s founding in 2005, bringing a world of insights forward. The unique combination of Beroe’s expertise, artificial intelligence tools, and vast amounts of data, enable organizations to make smarter, faster, better procurement decisions. Not tomorrow, not today, but now. Beroe helps thousands of organizations sift through the data noise, mitigate risk, face fewer surprises, and ultimately gain a competitive edge. To learn more, please visit – https://www.beroeinc.com

About PRISM 

PRISM is the world’s first macro risk advisory firm dedicated to tackling the geopolitical challenges facing supply chain and procurement leaders. PRISM provides research, analysis and expertise with a focus on simplifying the complexity of the global macro landscape to enable strategic decision-making.

By combining dedicated geopolitical and macro risk expertise with a global network of researchers and cutting-edge technology, PRISM’s services provide the most focused and tailored supply chain macro research available. 

Media Contact:
Rob McMurtrie
VP of Corporate Communications
Beroe
Rob.McMurtrie@Beroe-Inc.com

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Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region

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DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.

On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”

Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.

His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.

As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.

Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

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Qatar Development Bank announces strategic investment in global Islamic FinTech, Wahed

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DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.

Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.

Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.

Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

About Qatar Development Bank

Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.

For more information, visit: https://www.qdb.qa/

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China’s AIMA brand electric motorbike is now in Bangladesh

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DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now. 

In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.

Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.

AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.

 

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