Fintech PR

Mphasis Brings Quantum Expertise to the UK with London Hub Launch

Published

1 week ago

September 10, 2024

Hub supports UK Government’s focus on developing Next-Gen Solutions in Quantum, AI, Cryptography

LONDON, Sept. 10, 2024 /PRNewswire/ — Mphasis, (BSE:526299; NSE: MPHASIS), a leading Information Technology (IT) solutions provider specialising in cloud and cognitive services, today announced the opening of its Innovation Hub for Mphasis Europe in London’s iconic Tower 42 building.

This strategic hub signifies Mphasis’ commitment to pioneering Quantum technologies within the UK and globally. The facility will serve as a Centre of Excellence (CoE) for developing cutting-edge Quantum Computing, Quantum Cryptography and Artificial Intelligence (AI) solutions. These solutions will address critical industry challenges such as algorithmic underwriting, catastrophic risk modelling, and fraud detection. Mphasis’ expertise will empower businesses in the UK and worldwide to leverage the transformative power of Quantum technologies.

The UK has already established itself as a global leader in quantum technologies. Government’s investment in the field has been doubled to £2.5 billion over the next ten years. Recognising its immense potential, the UK has prioritised quantum technologies alongside other key advancements including AI, engineering biology, semiconductors, and future telecoms.

Mphasis has steadily expanded its UK presence over the past years and aims to double the headcount over the next three years through the London innovation hub which marks the next chapter in this commitment. The centre will be a magnet for top local and international tech talent, fostering collaboration and driving innovation across diverse industries including banking, financial services, and insurance. This strategic move positions Mphasis to leverage the UK’s rich talent pool, address evolving client needs and thrive within a supportive technological ecosystem.

“At Mphasis, we’re constantly pushing the boundaries of technology. Our new London innovation hub is a testimony to our commitment to the UK and its vibrant tech scene. This centre will be a focal point for developing next-generation solutions in AI, Quantum Computing, and beyond. It’s a significant step forward as we work to accelerate digital transformation across Europe,” said Nitin Rakesh, CEO and Managing Director, Mphasis.

Janet Coyle CBE, Managing Director Business, Grow London, London & Partners, who attended the inauguration event said, “The UK is an innovation powerhouse and a global magnet for world-leading businesses and talent. The launch of Mphasis’ Innovation Centre in London is a testament to this and is an important addition to the thriving tech and business ecosystem in the capital as AI and Quantum continue to push the forefront of technology.”

“The London Innovation Hub is a strategic game-changer for Mphasis in the UK. It allows us to double down on our commitment to the region, fueling growth in cutting-edge areas such as quantum technologies, cryptography, and data solutions. The UK government’s focus on AI, data, and especially quantum computing, as evidenced by the recent spring budget, aligns perfectly with our vision. We’re excited to be a key player in the UK’s ambition to stay ahead of the curve,” said Ashish Devalekar, SVP & Head of Europe, Mphasis.

Speaking at the event, a leading expert in the field, Dr. Siddharth Saxena, Principal Research Associate, Cavendish Laboratory & Director, Cambridge Central Asia Forum said, “Quantum Science has undergone a significant transformation in recent decades, evolving into tangible technological solutions. Quantum Computing has been at the forefront of this revolution, and we are now poised to witness the emergence of broader Quantum functionality, bearing towards a totally revolutionary step-change. As UK Universities and innovation ecosystems continue to produce cutting-edge solutions with unprecedent precision and targeted applications beyond data science, Mphasis’ anchoring here is well-timed and has the potential to deliver transformative value to its customers.”

Situated in London’s iconic Tower 42, a premier A-grade building known for its sustainability efforts, Mphasis’ new office embodies the company’s dedication to ESG principles.

About Mphasis

Mphasis’ purpose is to be the “Driver in Driverless Car” for Global Enterprises by applying next-generation design, architecture, and engineering services, to deliver scalable and sustainable software and technology solutions. Customer centricity is foundational to Mphasis, and is reflected in the Mphasis’Front2Back™ Transformation approach. Front2Back™ uses the exponential power of cloud and cognitive to provide hyper-personalized (C=X2C 2 ^TM=1) digital experience to clients and their end customers. Mphasis’ Service Transformation approach helps ‘shrink the core’ through the application of digital technologies across legacy environments within an enterprise, enabling businesses to stay ahead in a changing world. Mphasis’ core reference architectures and tools, speed and innovation with domain expertise and specialization, combined with an integrated sustainability and purpose-led approach across its operations and solutions are key to building strong relationships with marquee clients. Click here to know more. (BSE: 526299; NSE: MPHASIS)

View original content:https://www.prnewswire.co.uk/news-releases/mphasis-brings-quantum-expertise-to-the-uk-with-london-hub-launch-302243431.html

Fintech PR

J&T Express Achieves Strong Growth in 9.9 Mega Sales Through Refined Operations

Published

2 hours ago

September 19, 2024

CISION (PR Newswire)

j&t-express-achieves-strong-growth-in-9.9-mega-sales-through-refined-operations

HONG KONG, Sept. 19, 2024 /PRNewswire/ — J&T Global Express Limited (“J&T Express” or “J&T” or “the Company”, stock code: 01519.HK), a global logistics service provider, announced a substantial increase in parcel volume during Southeast Asia’s 9.9 Mega Sales, one of the region’s largest annual e-commerce shopping festivals. Held from 9 to 11 September, major e-commerce platforms offer consumers a range of promotional deals during this peak shopping period.

Thanks to strengthened partnerships with key e-commerce platforms and a focused expansion into non-e-commerce sectors, J&T Express experienced strong parcel growth during the 9.9 sale. Compared to August 2024, parcel volumes across multiple Southeast Asian markets surged by over 20%. Year-on-year, several countries saw their business volumes double compared to the same promotional period in 2023.

Hou Junyi, Vice President of J&T Express, commented, “Our robust performance during the 9.9 mega sale reflects the enormous growth potential of Southeast Asia’s e-commerce market and demonstrates J&T’s continued service enhancements in the region. Beyond e-commerce, we’re also expanding into new sectors, offering reliable, efficient logistics solutions to more clients. We’ll continue strengthening our network and investing in operational resources to deliver exceptional service as always.”

J&T Express is expanding its partnerships with a more diverse client base across Southeast Asia. In Thailand, the Company has become the logistics partner for leading consumer finance brand KTC, Business for Healthy Brand Legacy Corp, Watsons, and Apple-authorized reseller SPVI, managing their online and offline orders. In the Philippines, J&T partnered with Dito, one of the country’s top telecom operators, doubling its delivery volume during this year’s 9.9 mega sale.

To meet growing demand and peak season volumes, J&T Express has continued to ramp up its local investments and network enhancements across Southeast Asia. By the end of August, the Company upgraded 11 sorting centers and added 9 distribution hubs across the Philippines, boosting sorting capacity by 1.5x. It also secured 1.5x additional third-party transport resources to support the surge in sorting, deliveries, and customer service during the shopping festival.

In Vietnam, J&T introduced 400 additional line-haul vehicles, and the Company’s largest sorting center in Northern Vietnam is set to go live soon. Equipped with intelligent operational technology and advanced equipment, the center will automate every stage of the process, achieving a 99.99% accuracy rate in parcel handling and significantly enhancing operational efficiency.

About J&T Express

J&T Express is a global logistics service provider with leading express delivery businesses in China and Southeast Asia, the largest and fastest-growing market in the world. Founded in 2015, J&T Express’ network spans thirteen countries, including Indonesia, Vietnam, Malaysia, the Philippines, Thailand, Cambodia, Singapore, China, Saudi Arabia, the UAE, Mexico, Brazil and Egypt. Adhering to its “customer-oriented and efficiency-based” mission, J&T Express is committed to providing customers with integrated logistics solutions through intelligent infrastructure and digital logistics network, as part of its global strategy to connect the world with greater efficiency and bring logistical benefits to all.

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View original content:https://www.prnewswire.co.uk/news-releases/jt-express-achieves-strong-growth-in-9-9-mega-sales-through-refined-operations-302252579.html

Fintech PR

MSB and TerraPay Collaborate to Simplify and Enhance Cross-Border Money Transfers

Published

2 hours ago

September 19, 2024

CISION (PR Newswire)

HANOI, Vietnam, Sept. 19, 2024 /PRNewswire/ — Vietnam Maritime Commercial Joint Stock Bank (HoSE: MSB) has signed a strategic cooperation agreement with TerraPay, a global money movement company. This collaboration will bring digital payment solutions and data capabilities to help MSB enhance efficiency and offer the best payment service experience to customers by bringing down costs and reducing transaction times.

According to forecasts from the Bank of England, the cross-border payment market is expected to grow by over USD 100 trillion in the next decade, reaching over USD 250 trillion by 2027. Along with the pace of digitization, the demand for real-time global payments is becoming increasingly urgent. However, unlike domestic transfers, international money transfers continue to be complex, time-consuming, and costly, even today.

In response to this reality, the new partnership between MSB and TerraPay aims to break down these barriers, enabling the use of financial services more quickly, conveniently, and reliably. According to the cooperation agreement, MSB and TerraPay will provide payment solutions, payment infrastructure, and other products and services to partners and (or) customers; simultaneously introducing each other’s products and services to the partner’s customers who have a need for them. Both companies will focus on supporting small and medium-sized enterprises (SMEs) with global money transfer needs. Through this partnership, SMEs will benefit from quick, convenient, and cost-effective global payout solutions.

Mr. Nguyễn Thế Minh, Deputy General Director of MSB, believes that, “The cooperation between the two parties will bring numerous benefits and economic efficiencies for Vietnamese businesses in both domestic and international payments.”

Sudhesh Giriyan, President – Cross border payments at TerraPay said, “Our partnership with MSB is a big step towards enhancing global payments for businesses across Vietnam. We are excited to work together, combining our strengths and expertise, to transform the broader landscape while furthering our mission of simplifying global money movement.”

Along with efforts in digital transformation, MSB continues to build and seek appropriate financial solutions through reputable partners to bring superior value and experience to customers.

For more information on solutions for corporate customers, please click msb.com or contact the hotline: 18006260.

About MSB

Established in 1991, MSB has continually grown, achieving many important milestones in the financial banking industry over nearly 33 years. MSB currently has over 260 branches and transaction offices nationwide, and it transacts with over 500 correspondent banks in more than 60 countries and territories. MSB has over 6,000 staff, serving more than 5.4 million individual customers and nearly 100,000 corporate customers.

About TerraPay

TerraPay simplifies the movement of money everywhere – providing a single connection to the most expansive cross-border payments network regulated in 30+ global markets and enabling payments to 140+ receive countries, 210+ send countries, 7.5Bn+ bank accounts and 2.4Bn+ mobile wallets. TerraPay is on a mission to connect a borderless financial world, making moving money everywhere instant, reliable, transparent and fully compliant. TerraPay has built the global digital wallet interoperable network and pushes the boundaries for global businesses – ranging from digital wallets, banks, fintech and money-transfer operators to travel businesses, creator economy platforms and e-commerce marketplaces – while driving financial inclusion in even the most inaccessible markets. Founded in 2014, TerraPay is a global company headquartered in London and comprising 42 nationalities. It has global offices in Bangalore, Dubai, Bogota, Dar es Salaam, Kampala, The Hague, Johannesburg, Nairobi, Milan, and Singapore, and is expanding rapidly. We have received funding from leading investors, including the IFC (World Bank), Prime Ventures, Partech Africa, and Visa.

Contact:
Juveria Samrin,
[email protected]

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View original content:https://www.prnewswire.co.uk/news-releases/msb-and-terrapay-collaborate-to-simplify-and-enhance-cross-border-money-transfers-302251772.html

Fintech PR

Markel appoints April Tam as Senior Underwriter, PFR & Cyber and Head of Financial Institutions, Asia

Published

3 hours ago

September 19, 2024

CISION (PR Newswire)

markel-appoints-april-tam-as-senior-underwriter,-pfr-&-cyber-and-head-of-financial-institutions,-asia

SINGAPORE, Sept. 19, 2024 /PRNewswire/ — Markel, the insurance operations within Markel Group Inc. (NYSE: MKL), is pleased to announce the appointment of April Tam as Senior Underwriter, Professional Financial Risk (PFR) & Cyber and Head of Financial Institutions in Asia. This strategic hire is integral to advancing Markel’s profile and reinforcing its leadership position in the PFR sector.

In her new role, Tam will be instrumental in strengthening Markel’s Financial Institutions proposition in Asia. Working in collaboration with the regional underwriting team across Asia, Tam will focus on driving continued profitable growth of the company’s PFR book and ensuring its scalability and diversification. She will also be responsible for forging strong relationships with insurance brokers, clients and partners in the region.

Tam joins Markel from Allianz Commercial, where she was most recently employed as Financial Institutions Practice Leader, Asia. Prior to joining Allianz Commercial in 2018, Tam gained expertise at Zurich Insurance Group. With more than 12 years’ experience in Financial Lines underwriting, Tam brings a wealth of expertise, broker relationships and a proven track record to Markel.

Based in Hong Kong, Tam will report to Kevin Leung, Chief Underwriting Officer, Asia Pacific.

Leung commented: “I’m excited to welcome April to our team in Hong Kong. Her extensive experience and deep understanding of Financial Lines underwriting will be of huge importance as we continue to expand and enhance our PFR offerings. I’m confident that April’s expertise and strong networks will significantly help to contribute to our strategic objectives and strengthen our position in the Asia market.”

About Markel
We are Markel, a leading global specialty insurer with a truly people-first approach. As the insurance operations within Markel Group Inc. (NYSE: MKL), we operate the Markel Specialty, Markel International, and Markel Global Reinsurance divisions, as well as State National, our portfolio protection and program services operations, and Nephila, our insurance-linked securities operations. Our broad array of capabilities and expertise allow us to create intelligent solutions for the most complex risk management needs. However, it is our people – and the deep, valued relationships they develop with colleagues, brokers and clients – that differentiates us worldwide.