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Backstop Solutions Group Appoints Paul Bonessi to Lead Backstop Accounting Product Line

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Backstop Solutions Group, the leading cloud-based productivity suite for institutional and alternative investors, has today announced the hire of Paul Bonessi as Vice President of Backstop Accounting. Bonessi will be based in the company’s Burlingame, CA location and will join Backstop as a contributing leader with expertise in business development and investment management. In his new role, Bonessi will be responsible for the Backstop Accounting portion of the Backstop platform, including client relationship management, product management and the go-forward strategy.

“We are excited to gain Paul’s perspective and extensive experience as a prominent product leader who is also a passionate and creative client advocate,” said Clint Coghill, CEO, Backstop Solutions Group. “He has deep domain experience, having led strategic efforts for asset managers, institutional investors and innovative fintech companies. He is known for building and strengthening team environments and will be key in navigating the path forward for Backstop’s Accounting product line during this exciting time of growth.”

Prior to joining Backstop, Bonessi served as business architect for a cryptocurrency start-up purpose-built to custody digital assets for institutional investors. He has also previously held product management positions at Ivy Asset Management and Pertrac Financial Solutions, and consulted on various strategic initiatives for large asset managers and hedge funds including Franklin Templeton Investments and Angelo Gordon & Co. His prior experience includes sell-side roles at JPMorgan Chase and the market data company, Telerate.

“At such an exciting time of growth for the company, I am thrilled to lead and define the future of the Backstop Accounting product line of investor and portfolio accounting software,” said Bonessi. “While prioritizing the client experience of those who are using Backstop Accounting today, we’ll also look to foster future expansion and innovation in order to best serve our users in this ever-evolving business climate.”

Bonessi’s hire comes on the heels of an outstanding 2018 for Backstop, a year in which the company garnered industry awards, grew its client base, released more product capabilities than ever before, hired key executives, and appointed new board members following its $20 million funding round and acquisition of BarclayHedge.

 

SOURCE Backstop Solutions Group

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Mintos expands its reach and officially debuts in France and the Netherlands

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BERLIN, March 19, 2024 /PRNewswire/ — Following its successful entrance in Germany, Italy and Spain, Mintos, the multi-asset platform offering a unique mix of alternative and traditional investment options, continues its European rollout by making its official debut in the French and Dutch investment markets. Since its founding in 2015, the platform has attracted over 500,000 users across Europe. Authorised by MiFID, the company currently manages over 600 million euros in assets under administration.

Investment Trends in France and the Netherlands

According to a recent survey conducted by AMF in France in collaboration with the European Union through the OECD*, nearly 1 in 4 French individuals report owning investments in financial instruments or crypto-assets. The survey reveals that new investors are primarily driven by the desire to diversify their savings, with 35% citing this as their primary reason for investing. An overwhelming 90% of investors believe that maintaining their investments over the long term will yield profitable returns.

In the ever-evolving landscape of investment, we want to emerge as the go-to platform for investors seeking sustained portfolio growth over time, prioritising stability over speculative gains.” comments Martins Sulte, CEO and co-founder of Mintos.

Similarly, Statistics Netherlands (CBS) and the Dutch Authority for the Financial Markets (AFM)** report that among the approximately 8.3 million private households in the Netherlands, approximately a quarter (totaling around 1.9 million), actively engage in investment activities.

“These findings underscore the widespread interest and participation in investment opportunities among Dutch households, reflecting a growing awareness of the importance of financial planning and wealth management” adds Martins Sulte.

Mintos offering: loans, Fractional Bonds and ETFs.

Mintos already holds a prominent position as the leading European platform for investing in loans, offering investors the opportunity to invest in consumer and small business credit for potentially attractive long-term returns.

Another recent addition to Mintos’ offerings is Fractional Bonds which allow customers to invest in high-yield bonds from as little as €50 and zero commissions and enjoy regular, fixed returns.

Mintos distinguishes itself by offering managed ETF portfolios with a minimum investment of €50 and completely free of charge, a significant advantage compared to other players in the market. These include bond and equity ETFs from renowned providers such as Amundi, iShares, JP Morgan, Vanguard, and others.

Investments in financial instruments are associated with risks.

* Source AMF France 

** Source dnb Netherland 

Media contact: email [email protected], contact number +49 1627383049

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Telkomsel and Huawei Inaugurate Indonesia’s First 5G Smart Warehouse and 5G Innovation Center

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JAKARTA, Indonesia, March 19, 2024 /PRNewswire/ — Leading telecommunications provider Telkomsel and global ICT solutions provider Huawei have inaugurated Indonesia’s first 5G Smart Warehouse and 5G Innovation Center in Bekasi Regency, West Java. This landmark facility showcases the potential of 5G technology to transform warehouse management, boosting operational efficiency and creating new opportunities for the logistics industry to support the digital economy leapfrog towards the Golden Indonesia Vision 2045.

The inauguration ceremony was officiated by Mr. Long, CEO of Huawei Indonesia, and attended by dignitaries including Dr. Ir. Ismail MT, Director General of Resources Management and Equipment of Posts and Informatics, Ministry of Communication and Informatics; Indra Mardiatna, Telkomsel Director of Network; Derrick Heng, Telkomsel Marketing Director; Mahendra Rianto, Chairman of the Indonesian Logistics Association; and representatives from Bandung Institute of Technology, Telkom University, and other representatives from industry partners.

Director General Dr. Ir. Ismail MT emphasized, “Huawei’s 5G Smart Warehouse stands as both a wake-up call and a quintessential model for the ecosystem, demonstrating the immediate and seamless integration of 5G technology into digitalization efforts. This integration evidently yields innovative solutions that extend benefits beyond the logistics sector to a multitude of industries. Such advancements are attainable solely through the concerted efforts of all stakeholders, united in the pursuit of accelerating the nation’s digital transformation.”

Mr. Long, CEO of Huawei Indonesia, highlighted Huawei’s commitment to supporting the government and industry players to unlock Indonesia’s digital opportunities. “At last year’s Solo 5G summit, together with industry partners, we pledged to boost the 5G ecosystem. The 5G Smart Warehouse is a testament to the value that 5G technology can bring to traditional industries in Indonesia,” he stated.

Indra Mardiatna, Telkomsel Director of Network remarked, “Aligned with Indonesia’s vision of pioneering innovations that propel the nation’s advancement, Telkomsel remains steadfast in its commitment to deliver superior connectivity, pioneering solutions, and inventive services designed to foster empowerment and catalyze expansive opportunities for entrepreneurial growth within the country. We are optimistic that the deployment of the 5G Smart Warehouse alongside the 5G Innovation Center’s conceptual solutions will inaugurate a transformative era for professionals within the logistics sector, particularly by enhancing managerial competencies and amplifying the operational efficacy of warehousing systems. With the unwavering support of the government, courtesy of the Ministry of Communication and Information, and through synergistic partnerships with stakeholders including Huawei, industry associations, and the academic community, Telkomsel pledges to persist in championing the rapid evolution of Indonesia’s digital commerce and economic landscape, with a focus on inclusive and sustainable progress”

The digital economy, which is expected to be a major catalyst for Indonesia’s economy in the future, requires the backing of an efficient and effective logistics industry. Based on data from the Ministry of National Development Planning/Bappenas, Indonesia’s logistics costs have decreased from 23.5% to 14.29% of gross domestic product by 2023.

Benefits of the 5G Smart Warehouse 

Indonesia's first 5G Smart Warehouse

The 5G Smart Warehouse leverages advanced technologies like IoT and big data analytics to streamline operations, enhance safety and security, increase efficiency, and reduce energy consumptions and lower potential unexpected losses.

Warehouse managers can use digital twins and real-time data analysis to optimize inventory management and prevent stockouts.

The 5G network also facilitates swift and accurate communication between staff and autonomous guided vehicles (AGVs), ensuring efficient goods movement. Additionally, intelligent security systems powered by video and infrared sensors ensure warehouse safety.

Huawei’s 5G BTS technology powering the warehouse features an energy consumption of just 5 watts, equivalent to a single energy-saving light bulb, making it a sustainable solution for the future.

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Cognizant to apply generative AI to enhance drug discovery for pharmaceutical clients with NVIDIA BioNeMo

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Cognizant’s AI and industry expertise, combined with the NVIDIA BioNeMo generative AI platform, create a strong foundation to improve outcomes in the healthcare and life sciences sectors

TEANECK, N.J., March 19, 2024 /PRNewswire/ — Cognizant (NASDAQ: CTSH) is advancing the application of generative AI (gen AI) technology with the NVIDIA BioNeMo platform to solve complex challenges of drug discovery in the life sciences industry, such as improving productivity in the development process and increasing the speed at which new, life-saving treatments can be brought to market.

Traditional drug discovery methodologies are process intensive and require the analysis of vast repositories of scientific literature and clinical data in order to reveal relevant insights. Moreover, traditional methods are burdened with high costs and long development lifecycles with a high rate of failure. By leveraging gen AI technologies, clinical researchers can rapidly sift through extensive datasets, more accurately predict interactions between drug compounds and create new, viable drug development pathways. 

“More than any other technological breakthrough in recent decades, generative AI has the potential to revolutionize the way new drugs are researched, developed and brought to market, making the creation of lifesaving discoveries faster, smarter and more accessible to all,” said Anna Elango, EVP, Cognizant’s Core Technologies & Insights. “By collaborating with NVIDIA, Cognizant can open the path to realizing this vision safely, responsibly and cost-effectively for our life sciences clients.”

By leveraging its deep life sciences and AI domain expertise and NVIDIA’s pretrained, industry-specific generative AI models offered as part of BioNeMo, Cognizant aims to give clients access to a suite of model-making services, including pretrained models, cutting-edge frameworks, and APIs, that offers clients the quickest path to train and customize enterprise models using their proprietary data. The offering is intended to enable this with reduced manual intervention for data analysis, and without the need to write elaborate code and build or maintain infrastructure.

“Generative AI will drive the next wave of enterprise productivity gains across industries, enabled by the NVIDIA AI Enterprise software platform,” said Alvin DaCosta, VP, Global Consulting Partner Organization, NVIDIA. “Using NVIDIA BioNeMo, Cognizant will help provide its life sciences clients with advanced, secure and reliable AI services to drive improved outcomes with custom drug discovery applications.”

Cognizant collaborates with leading global firms in pharmaceuticals, biotech and medical devices, covering the entire life sciences value chain from R&D to digital health. This work contributes to the industry’s ability to enhance science, improve patient outcomes, and increase business value, by enabling a patient-centric approach and better interactions with healthcare professionals. Cognizant’s life sciences offerings support more than 120 global manufacturing lines and more than 18 million patients with medical device company products. 

Cognizant intends to pursue additional applications by collaborating with NVIDIA in areas such as manufacturing and automotive engineering, where gen AI has the potential to enhance productivity, optimize costs and bring innovation to market more quickly. Cognizant intends to establish an NVIDIA AI Center of Excellence this year to further innovate with NVIDIA technologies, including the NVIDIA Metropolis, NVIDIA Omniverse and NVIDIA AI Enterprise platforms, for the benefit of clients across industries around the world.

About Cognizant
Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we’re improving everyday life. See how at www.cognizant.com or @cognizant.

For more information, contact:

U.S.

Name Ben Gorelick

Email 
[email protected] 

Europe / APAC

Name Christina Schneider

Email
[email protected] 

India

Name Rashmi Vasisht

Email
[email protected] 

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