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Belfrics Group launches a blockchain skill-drive initiative in association with DIT

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Belfrics Group, one of the largest international blockchain conglomerates of the world, in association with Dar Es Salaam Institute of Technology (DIT), one of the leading technology and engineering institutes in Tanzania and the East African region, today announced a joint initiative to develop a pool of talented and skilled technology professionals for blockchain as a domain. Belfrics Academy SDN BHD, the research, international training and skill development vertical of Belfrics Group of Companies, would lead the efforts to address the knowledge-gap and the rapidly growing requirements Blockchain Talents in the industry.

On this momentous association, Mr. Praveenkumar Vijayakumar, Founder and CEO — Belfrics Group of Companies said“We all know that the Internet is filled with the so many online courses on Blockchain technology. But the sad reality is that, the quality of talent and knowledge that is out there, is not even close to what the industry needs. There is still a humungous knowledge-gap, and a huge void in terms of the quality and quantity of blockchain talent in the market. This is not only an Africa problem; this is a world problem! And we are happy to have associated with an esteemed institute like DIT which is synonymous with technology as an industry.”

DIT, being one of the leaders in the space of capacity building for the latest technologies in the industry, keenly believes blockchain to be the next big wave in the digital transformation of the world, and especially, Africa. Similarly, Belfrics Group of companies has been one of the leading conglomerates spearheading the blockchain movement across the globe. With its presence in Asia Africa Middle East and South America regions, Belfrics is one of the few global companies to have worked with government bodies, financial regulators, and conglomerates for a blockchain-ready infrastructure.

We are pleased to see educational leaders like DIT come forward and being open to the need of the industry. I would say, that this is the right time, between being proactive or before being reactive to the industry demands. Employment and development is Key, and for that we must understand where the future is. DIT is doing just that. In fact, we’re pleasantly surprised to see the level of awareness and requests from other prestigious institutes from the East African Region for blockchain skill development. Since we are one of the major blockchain talent hirers ourselves, we are very much aware of the quality and quantity of the talent available currently. Such collaborations are required to address the current gap,” says E C Uday Senan, Global Strategist — Belfrics Academy.

Blockchain technology is among the emerging technologies that will soon revolutionize the internet and the ICT industry. Due to its inherent features, such as distributed system with no single point of failure, usage of cryptograph for data protection, and fast data transfer and sharing of digital assets, Blockchain has huge potential and a number of applications, particularly in developing countries. To leverage the potentials of this technology, it is critically important we create awareness of the technology as well as build the capacity of our students, staff and the general public. This is exact what DIT will do in collaboration with Belfrics. This will enable DIT to become the hub of blockchain technology, the hub where capacity building of our people as well as experimentation and eventually development of the blockchain systems for improving government service delivery will take place,” says Dr Joseph W. Matiko, the Director of ICT Centre at Dar es Salaam Institute of Technology.

“DIT is positioned to support the industrial economy by creating skilled workforce for the nation. Therefore, collaboration between DIT and Belfrics is important for capacity building of our students and staff and creating the digital skilled workforce in the country. We are really pleased to establish this collaboration because it is in line with our strategies of teaching factory concept and engagement of the industry in teaching and learning activities,” says Prof Preksedis M. Ndomba, Principal of the Dar es Salaam Institute of Technology.

“We are excited to partner with Dar es salaam Institute of Technology (DIT) on the launch of Blockchain Trainings for Corporates, DIT Students and Staff Members and the Tanzania Community at large. Blockchain Technology ensures digital skills are accessible to Tanzanians particularly youth and supports with securing meaningful opportunities where they can apply their talents, ideas and expertise to advance the Country’s economic, Industrialization and social development,” said Aziz ChonyaDirector, Belfrics Tanzania.

The collaboration between DIT and Belfrics comes in at a very crucial stage, with Africa being closely eyed as the next talent-hub by the world. With blockchain strongly anticipated to be the driver for the next stream of technological innovations, African countries “stand to benefit from this shift more than other nations because most of Africa has a Greenfield in banking, finance, health and other legacy infrastructure. Africa has a unique opportunity to leapfrog in many areas and develop new infrastructure and use cases to power the future” according to an article on medium.

Belfrics Academy, the international research and skill-development vertical of Belfrics, is dedicated to customized blockchain training for Universities, Colleges and training institutes, and capacity building for Government bodies, Regulators and Private Organizations. Belfrics Academy also mentors and nurtures Blockchain talents by setting up Innovation-hubs within the University campuses to drive and mentor more blockchain talent and ideas.

Belfrics is one among the very few companies who have developed and built their own blockchain, ‘Belrium’, which is now live and deployed, and which is being seriously considered as the technology carrier by many government bodies and conglomerates for solutions from identity data harmonization, to supply chain infrastructure, to smart governance infrastructure to healthcare infrastructure, around the globe.

DIT and Belfrics Academy, through this collaboration, aim at nurturing as much talent as possible in the academic year of 2019, as the demand is rapidly increasing, thus resulting in employment of young Africans in this technology space.

For more information about Dar Es Salaam Institute of Technology, please visit https://www.dit.ac.tz and http://belfricsacademy.com for more information about Belfrics Academy.

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DNA Behavior International Takes its API to the Next Level by Enabling it with AI

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For some time now DNA Behavior has been using its API to help a variety of organizations quickly “plug in” its behavioral chip to discover and leverage behavioral insights already within their people and systems. Now, DNA Behavior is taking that effort to the next level, by leveraging a suite of enterprise-ready AI services, applications, and toolsets to accelerate the adoption of behavioral insights across large financial services enterprises.

“Banks and large wealth management firms are leveraging behavioral finance to gain a competitive edge,” says Hugh Massie, CEO of DNA Behavior International. “To date, behavioral finance initiatives have been pinpointed and targeted toward specific client and employee groups. By utilizing AI and additional apps and toolsets, DNA Behavior is poised to implement the worlds’ largest behavioral finance initiatives for banks and wealth management firms. In short, rapid application of BeFi across larger organizations.”

DNA Behavior’s focus and specialty is revealing 200+ behavioral insights and the action steps needed to aid employees and clients in investing, working, spending and living smarter. Leveraging these additional technologies in addition to DNA’s API help meet industry demands to create rich omnichannel experiences by applying behavioral insights to enterprise-wide datasets.

“We’re using linguistic analytics to deepen our – and our clients’ – understanding of individual’s personality characteristics,” Massie says. “The linguistic and tone patterns individuals use in their speech or written communication have inherent connections to their instinctive behaviors. Revealing these linguistic and tone patterns will aid in DNA Behavior’s core offering, which is validated, robust, consistent and practical behavioral insights and customized experiences they can “plugin” to their own systems. These latest additions amp up that offering, expanding the possibilities, both in terms of speed and volume,”

As examples of its new AI-enabled API, Massie offers three scenarios:

  • Use natural language recognition capabilities to discern the intent of what a user is saying, to respond to inquiries and requests. The problem is, most chatbots and automated support systems use a one-size-fits-all approach to respond to inquiries. DNA is powering current technologies to customize these existing engagements at scale.
  • Measure emotions, fears and excitement for investors and relaying this intelligence to advice teams along with the communication steps and a playbook to behaviorally manage clients.
  • Use linguistic analytics to infer individuals’ personality characteristics, from digital communications such as email, blogs, tweets, and forum posts. This enables an organization to better parse a user’s inclination to create a customized marketing playbook for each client. Organizations armed with this information will optimize their marketing spend for steak dinners, theater tickets, gifts and professional sporting events.

 

SOURCE DNA Behavior International

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Post-fundraising update: YouTrip Secures Principal Licence From Mastercard To Fuel Rapid Growth in Singapore

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YouTripSingapore’s first multi-currency mobile wallet with a prepaid Mastercard, has announced that it has secured a Principal Licence from Mastercard and will be assuming the primary role of issuer and stored value facility holder of YouTrip accounts. This will allow YouTrip to deliver improved and additional features directly to its users, as well as enable it to provide a more robust and dedicated payment security setup in anticipation of The Payment Services Act targeted to commence in 2020.

Having partnered with Mastercard and EZ-Link to launch in Singapore in August 2018, YouTrip will be taking over the role of issuer and holder of stored value accounts from EZ-Link while continuing the current brand partnership. This is part of YouTrip’s wider ambitions to develop its platform and new features for its users, as it readies itself for expansion. Since YouTrip announced its record pre-Series A fundraise earlier this year, it has doubled the number of app downloads to over 400,000 from 200,000 in May and grown its team beyond 100 people across its offices in Singapore and Hong Kong.

Caecilia Chu, co-founder and CEO of YouTrip said, “We have come a long way since we launched a year ago. The tremendous support we have received from our users is truly humbling, and also a testament to their belief and confidence in our mission to transform overseas travel spending. Securing a Principal Licence from Mastercard marks another significant milestone in our growth journey as it will allow us to operate and deliver additional features directly to our users, as well as accommodate more sign-ups. As the regional fintech space continues to develop dynamically, this licence will provide the ideal springboard for the development and expansion plans we have in the pipeline.”

YouTrip also recently obtained a remittance licence from MAS to cater for future product development. This will be key to its expansion plans as more regulators identify fintech as a major growth area and introduce progressive policy measures to facilitate innovation and the broadening usage of such services.

 

SOURCE YouTrip

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POS Terminal Market to Soar Owing to Massive Demand for Cost-Effective Technologies to Manage Payment Systems by 2023: Radiant Insights, Inc.

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Global POS Terminal Market is anticipated that the market will witness a higher CAGR during the forecast period. Retail payment systems account for an essential position in the smooth functioning of any economy. In the past years the growing popularity of the device across different verticals is enabling the industry growth. Inception of cloud technology and related benefits are more likely to deliver robust technology for payment systems in the near future. Further, major development in the POS device such as size and technology compatibility for small-scale business, and greater flexibility.

Driving factors comprise massive demand for cost-effective technologies to manage payment systems within different verticals. POS terminal offers convenience and features in various application segments. In addition, the proliferation of smartphones and modernization of app technology provide payment service to customers in the consumer market is adding more.

In addition, inception of big data backed by software which is integrated with other software systems is contributing more to the utility value. Hence, greater CRM functionality aligned with customer relations and the use of predictive analysis for client and customers in the B2C space accounts for a massive growth during the forecast period.

Download PDF to know more details about “Global POS Terminal Market” Report 2023.

Fixed and wireless POS form as product segments while hardware and software form the component category for POS terminal market. The Asia Pacific dominates the global scenario owing to the vast presence of customer base and digitalization of payment technologies at large. In addition, inception of start-up technology in India and China acts as a catalyst in strengthening the industry growth in APAC.

The key players are Mswipe Technologies Pvt Ltd, Shenzhen Xinguodu Technology Co Ltd, SMIT Fintech Co Ltd, Fuijan Newland Payment Technology Co Ltd, SZZT Electronics Shenzhen Co Ltd and VeriFone Holdings Inc.

The ‘Global POS Terminal Market Outlook 2018-2023’ offers detailed coverage of POS terminal industry and presents main market trends. The market research gives historical and forecast market size, demand, end-use details, price trends, and company shares of the leading POS terminal producers to provide exhaustive coverage of the market for POS terminal. The report segments the market and forecasts its size, by volume and value, on the basis of application, by products, and by geography.

The report has been prepared based on an in-depth market analysis with inputs from key industry participants. The global POS terminal market has been segmented into five major regions, namely, North America (U.S., Canada, and others), Europe (U.K., FranceGermanyRussia, and others), Asia-Pacific (ChinaJapanIndiaAustralia, and others), South America (BrazilArgentina, and others), and Middle East & Africa (South AfricaSaudi Arabia, and others). Furthermore, the report also includes an in-depth competitive analysis of the key vendors operating in this market.

Access 143 page research report with TOC on “Global POS Terminal Market” available with Radiant Insights, Inc. @: https://www.radiantinsights.com/research/global-pos-terminal-market-outlook-2018-2023

Market Segmentation:

  • Key Regions
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  • Key Vendors
    • Fujian Newland Payment Technology Co., Ltd.
    • Mswipe Technologies Pvt Ltd
    • Shenzhen Xinguodu Technology Co., Ltd.
    • SMIT Fintech Co., Ltd.
    • SZZT Electronics Shenzhen Co., Ltd.
    • VeriFone Holdings, Inc.
  • Key Questions Answered in This Report
    • Analysis of the POS terminal market including revenues, future growth, market outlook
    • Historical data and forecast
    • Regional analysis including growth estimates
    • Analyzes the end user markets including growth estimates.
    • Profiles on POS terminal including products, sales/revenues, and market position
    • Market structure, market drivers and restraints.

Browse reports of similar category available with Radiant Insights, Inc.:

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