Asia Fresh News

Asia Fresh Stories

Archive for June 11th, 2015

MDT Releases Ultra-high Sensitivity TMR Magnetic Switch Sensors at Sensors Expo

leave a comment »

— Advanced TMR Technology Realizes Ultra-low Power, Ultra-high Sensitivity, and Excellent Temperature Stability for High-performance Sensor Applications

LONG BEACH, Calif. and ZHANGJIAGANG, China /PRNewswire/ — MultiDimension TechnologyCo., Ltd. (MDT), a leading supplier of magnetic sensors specializing in Tunneling Magnetoresistive sensors (TMR sensors), will release ultra-high sensitivity TMR magnetic switch sensors TMR1208/TMR1308 at Sensors Expo 2015. Featuring ultra-high sensitivity with 5Gauss (0.5mT) switching points and ultra-low power at 1.5microAmperes in high-speed operation, they are ideal choices for battery-powered sensor applications that require high-precision measurement, stringent performance uniformity, and excellent temperature stability. Typical applications include wireless door access switches, intelligent medical appliances such as smart pills and portable drug delivery devices.

Logo –

“MDT’s TMR magnetic switch sensors are the first products that integrate ultra-high sensitivity, ultra-low power, high-speed operation, and outstanding temperature performance into a single device. Backed by our strong IP portfolio and advanced manufacturing facilities, MDT will continue developing innovative TMR sensor products to satisfy wide-ranging application requirements,” said Dr. Song Xue, Chairman and CEO of MultiDimension Technology. “We are fully committed to bring the unique benefit of TMR technology to our customers by offering multiple TMR sensor product series including TMR switch sensors, TMR linear sensors, TMR angle sensors, TMR gear tooth sensors, and TMR magnetic image sensors, as well as comprehensive service options ranging from custom sensor design, foundry service for sensor fabrication, to IP licensing for MDT’s TMR technology.”

The new TMR1208/TMR1308 magnetic switches are the highest sensitivity switch sensor product available on the market today. They enable precision measurement with a smaller magnet or a longer sensing distance to reduce the overall system cost with enhanced usability. They are additions to MDT’s growing TMR12xx/TMR13xx magnetic switch series that is designed for a variety of industrial and consumer applications. Most of MDT’s magnetic switch sensors consume 1.5microAmperes ultra-low power in continuous operation with >1kHz frequency response. They are best suited for battery-powered devices with demanding performance constraints.

Highlights of TMR12xx/TMR13xx Series with Typical Applications and Suitable Products:

  • Smart flow meters including water/gas/heat meters, position/speed sensors, electrical toys: TMR1202/TMR1302 with ultra-low power, fast response;
  • Liquid level sensors, proximity switches: TMR1306 with open-drain output, as an alternative to Reed Switches;
  • Motor and fan control: TMR1250/TMR1251/TMR1350 in high-voltage and high-speed operation;
  • Wireless door access switches, intelligent medical appliances: TMR1208/TMR1308 with ultra-high sensitivity, ultra-low power, fast response.

About MDT
MultiDimension Technology was founded in 2010 in Zhangjiagang, Jiangsu Province, China, with branch offices in Shanghai and San Jose, Calif., USA. MDT has developed a unique intellectual property portfolio, and state-of-the-art volume production manufacturing facilities for high-performance, low-cost TMR magnetic sensors to satisfy the most demanding application needs. Led by its core management team of elite experts and veterans in magnetic sensor technology and engineering services, MDT is committed to creating added value for its customers and ensuring their success. For more information about MDT please visit

Media Contacts
Jinfeng Liu,,
Tel: +1-650-275-2318 (US), +86-189-3612-1156 (China)
Jilie Wei,,
Tel: +86-189-3612-1160 (China)

Source: MultiDimension Technology Co., Ltd.

Written by asiafreshnews

June 11, 2015 at 6:44 pm

Posted in Uncategorized

Thomsons Online Benefits: Transformation Completed as SaaS Bookings Jump by 111%

leave a comment »

LONDON/PRNewswire/ — Thomsons Online Benefits (“Thomsons”), the global benefits Management and Employee Engagement SaaS Group (Software as a Service), has published its full year results for the 12 months to 31 December 2014.

Operational highlights

  • Fully transitioned to SaaS subscription model, based around Darwin™ – flagship solution for global employee benefits management and engagement
    • Additional investment of GBP5.0m above and beyond significant annual technology spend, on further software innovation, technology infrastructure, partnership expansion and enterprise sales – will drive operating leverage
  • Established three routes to market – Global Enterprise, UK and Partners to add significant volumes to Darwin™
    • Made significant progress in acquiring new global distribution partners
    • 3 strategic global partnerships underway; one signed and two at contract stage
    • Shifted focus to international and large enterprise clients (60% of bookings) – notable increase in order book
    • Significant new contracted roll outs in additional territories for existing clients
  • Seven of top 10 global tech companies and six out of the top 10 global brands use Darwin™
  • Darwin™ software live in more than 70 countries

Financial highlights

  • SaaS bookings up 111%
    • Clients contracted in 2014 driving 40% growth in SaaS subscription and recurring revenue in 2015
  • Recurring revenue up 18% and fee revenue up 19%
    • Total revenue GBP32.0m (2013: GBP36.7m) reflecting change in focus to fees and SaaS subscription based services from one-off implementation payments, coupled with focusing on larger UK and international clients
  • 97% client retention maintained
  • EBITDA GBP5.7m (2013: GBP12.8m) reflecting drop in one-off commission funded implementation revenue and increased investments across Group
  • Operating cash conversion rate 107%
  • Strong balance sheet with cash of GBP12.6m


  • Global Enterprise market valued at $10bn+
    • Total market growing annually at 7% over the last five years
    • Rest of World (non-US) grown at 22%
  • Investments in Enterprise sales has built a substantial pipeline of multi-national opportunities
  • New strategic global partners drive new sales, delivery and integrated client experience in both UK and Enterprise
  • Partner creating scale and opening up new channels to market, global benefits solutions being a key differentiator in the SaaS HCM market
  • Strong Partnership pipeline going into 2015 – expected to expand in 2015 to fuel further growth
  • Significant visibility for 2015 revenue and beyond – GBP118m over next five years, based on 97% average renewal rate

Michael Whitfield, Chief Executive Officer commented:

“In barely three years, we have completely transformed into a Software as a Service (SaaS) subscription business model, based around three routes to market – Global Enterprise, UK and Partners. We have also established Darwin™ as the leading global benefits management and employee engagement software.

“Our forward visibility has been transformed. We can now see some GBP118m of revenue over the next five years, with a strong average renewal rate of 97%, which of course will increase substantially each year as new opportunities are booked.

“The key indicator of the Group’s underlying strength is the SaaS bookings growth of 111% driving +40% SaaS subscription revenue increase in 2015.

“Our partner channel strategy has been validated. It will enable us to scale the business and deliver wider international reach, as well as further accelerate our growth. As a result of a combination of all of these factors, and the strong appetite from new and existing clients, we expect to see significant further growth in 2015.”

For the full press release please visit Thomsons website ( ).

Note to Editors

Thomsons is a global Software as a Service (“SaaS”) supplier for global benefits management and employee engagement. Its mission is to use technology to revolutionise the employee benefits market.

The 400+ Thomsons People are committed to helping HR and reward professionals to deliver impactful, cost effective benefit schemes, whilst enabling their employees to engage with their benefits, throughout their lives.

The Group works with the world’s leading employers to maximize the power of Darwin™ in 70 countries and 19 languages. Thomsons works with seven out of the top 10 global technology companies and six out of the top 10 global brands.

The success of the Thomsons is down to three main things: its market leading product, Darwin™; its ability to adapt in an ever-changing market; and the passionate and dedicated Thomsons People.


Thomsons Online Benefits
Michael Whitfield, Chief Executive Officer
Paul Smolinski, Chief Financial Officer

Instinctif Partners
Adrian Duffield/Lauren Foster

Logo –

Source: Thomsons Online Benefits
Related Links:

Written by asiafreshnews

June 11, 2015 at 6:38 pm

Posted in Uncategorized

Pharco Pharmaceuticals Launches the Alexandria Women’s Squash Championship – Which Ranks Fifth in Terms of Points – and Campaigns to Enlist Squash at Tokyo Olympics in 2020

leave a comment »

ALEXANDRIA, Egypt /PRNewswire/ —

– President of Pharco pharmaceuticals: “Our goals go beyond treatment and we are geared towards ultimate prevention of illness through boosting sport.”

– The president of the championship organizing committee: “Choosing the Alexandria Library holds a positive message to the world.”

A dinner banquet was held at the historic citadel of QaitBay in Alexandria to celebrate the launch of the first edition of the six-day Alexandria Women’s Squash Championship with 40 international women players, including top seeded Egyptians under the sponsorship of Pharco Pharmaceuticals as part of its social drive.

To view the Multimedia News Release, please click:

Popular singer Nesma Mahgoub took the lead at the event which was attended by Alexandria governor, the heads of the Egyptian and African federations and 32 top seeded players including the top Malaysian Nicol David. Guests included honorary chairman of the International Squash Federation Jahangir Khan from Pakistan, the chairman of Sporting Club and leading sponsors.

In his address at the opening ceremony, chairman of Pharco Pharmaceutics, the platinum sponsor of the championship and patron of the campaign to include squash to the Olympic list of games in Tokyo 2020, Dr. Seif el Din Helmy reiterated that the goal of Pharco was the  complete eradication of illnesses through boosting sport and healthy living. According to Seif, “having a dream” was only human and therefore squash players around the world have a right to dream of capturing medals for their respective countries. Seif thus called for bringing squash to the Olympic Games. Seif concluded by repeating the campaign slogan, “a dream to win a medal” in Arabic, English and Japanese.

For his part, the chairman of the championship organizing committee and organizer of the open Gouna squash championship for the duration of four years, Amr Mansi, explained that the Alexandria library was singled because it was an inevitable cultural landmark.

Preliminary rounds began earlier Friday on the courts of the Sporting Club. The first round was due in the glass court in the outer courtyard of the Alexandria Library where players competed for the $100,000 prizes.

First seeded Egyptian Mohamed el Shorbagy and French player Gautier in third place dueled in a friendly match.

Pharco had organized the $ 10,000 International Pharco Squash Championship last February with 17 Egyptian players.



Source: Pharco pharmaceuticals

Written by asiafreshnews

June 11, 2015 at 6:30 pm

Posted in Uncategorized

The Pinnacle of Luxury: Introducing Chivas Regal The Icon

leave a comment »

LONDON/PRNewswire/ — It has been more than a century since Chivas Regal established itself as the world’s first luxury whisky, and today Chivas Regal introduces a symbol of luxury for a new era – Chivas Regal The Icon.

(Logo: )
(Photo: )
(Photo: )
(Photo: )
(Photo: )
(Photo: )
(Photo: )
(Photo: )

Born of craftsmanship…

Icons aren’t made, they’re born. A blend of some of the rarest and oldest whiskies available to Chivas Regal, Chivas Regal The Icon is the pinnacle of the range. To taste Chivas Regal The Icon is to savour the finest craftsmanship that has gone into each and every bottle created.

Chivas Regal The Icon is the culmination of history, and an embodiment of craftsmanship and tradition married with the unparalleled expertise of Chivas Regal’s Master Blender Colin Scott.

This ultra-prestige Scotch whisky is an exceptionally smooth blend of much sought after whiskies from more than 20 distilleries across Scotland, including some rare whiskies from distilleries now lost forever.

Chivas Regal The Icon is the perfect balance of old and new, with each distillery imparting its own unique characteristics. At its heart lie the rarest malts from Strathisla, the spiritual home of Chivas Regal, and the oldest continuously operating distillery in the Scottish Highlands. Accented with hand-selected single malts from Longmorn and Glen Keith, Chivas Regal The Icon is a bold, balanced and unforgettable blend specifically developed with discerning whisky connoisseurs in mind.

Each year, the Master Blender will produce a limited number of bottles of this luxurious Scotch whisky, making it a must have product for whisky adorers and collectors alike.

Handcrafted and exquisitely finished…

Befitting of the luxury liquid within, each bottle of Chivas Regal The Icon is presented in a hand-blown crystal decanter created by expert craftsmen at Dartington Crystal. The glass is delicately etched and finished with precision crafted metalwork and presented in sublime green glassware in homage to the original green Chivas Regal bottle that captured the world’s attention in 1909. Adorned with a signature luckenbooth stopper, a traditional Celtic symbol of love, the distinctive bottle is certain to be adored by whisky enthusiasts around the world.

Tasting notes

A celebration of craftsmanship and excellence, Chivas Regal The Icon is Chivas Regal at its very best. With exceptional character and an incredibly long and luscious finish, rich notes of honey, vanilla and dark chocolate are balanced by subtle hazelnut influences from the cask, delivering a long and luxurious finish in the smooth Chivas house style.

Colin Scott, Chivas Regal’s Master Blender, commented:

“Chivas Regal The Icon is a truly exquisite blend – perfectly smooth with an intense concentration of sumptuous flavours that develop into an exceptionally long, lingering finish. I am proud to present this luxurious expression of the Chivas Regal house style to you.”

The inaugural edition of Chivas Regal The Icon will be made available to purchase for the very first time exclusively from Dubai Travel Retail from May – September 2015. This luxury Scotch whisky will then be available globally at 40% ABV in 70cl bottles. Chivas Regal The Icon retails in Global Travel Retail for RRP of $3,500(USD).

A taste of the past. An Icon for the future.

Notes to Editors

By 1909, Chivas Brothers had developed a wide reputation for producing luxury goods, which they shipped around the world. The Chivas Brothers had extensive knowledge and expertise on the aging and blending of whiskies and built up extensive stocks of maturing whisky.

Chivas Regal released a 25 year old whisky in 1909, and met the regulatory requirements for bottling and labeling, a feat that hadn’t been accomplished by any other companies or brands at the time, establishing it as the world’s first luxury whisky.

About Chivas Regal

Launched in 1909, Chivas Regal is the world’s first luxury whisky and is considered to be a timeless classic, renowned for style, substance and exclusivity.

A truly global brand, Chivas Regal today sells 4.6 million 9L cases annually in more than 150 countries across the globe. Brotherhood, generosity, entrepreneurship and integrity are at the heart of Chivas Regal so in 2008, the brand launched its successful Live with Chivalry campaign, which has inspired Modern Gentlemen in more than 60 countries around the world to pursue success with integrity.

The Chivas Regal range includes Chivas 12, Chivas 18, Chivas 25 and the Global Travel Retail exclusive,Chivas Brothers Blend. In October 2014, Chivas Regal announced the addition of a fifth permanent expression in the Chivas Regal family, Chivas Regal Extra, sitting within the super-premium range, positioned between Chivas 12 and Chivas 18.

Source: Chivas Regal
Related Links:

Written by asiafreshnews

June 11, 2015 at 6:04 pm

Posted in Uncategorized

Development Bank of the Philippines Selects Polaris and Kaisa to Transform its Core Banking Operations

leave a comment »

MAKATI CITY, Philippines and CHENNAI, India /PRNewswire/ —

Powered by Intellect Banking Suite to fuel bank’s growth

Polaris Kaisa, a joint initiative between Polaris Consulting & Services Ltd, a leader in digital transformation solutions & services and Kaisa Consulting, today announced that the Development Bank of the Philippines(DBP), one of the largest Government Financial Institutions (GFI) in the Philippines, has chosen to implement Intellect Digital Core (Core Banking Solution) to transform its core banking operations.

The Development Bank of the Philippines, the country’s premier development finance institution, has been a key player in nation-building by assisting critical industries and sectors, promoting entrepreneurship and contributing to the improvement of lives of Filipinos across the nation.

Polaris Consulting has joined with Kaisa Consulting, the leading IT strategy and implementation consultancy inPhilippines to implement the Intellect banking suite for DBP.

DBP has chosen the solution packaged with an integrated set of products from the Digital-ready Intellect suite of products such as Digital Core (Core Banking Solution), Loans Origination & Loans Management System and end-to-end Trade Finance. The solutions will drive operational, technological implementation and support excellence at a very low Total Cost Ownership (TCO) for the Bank. The Digital Core solution, based on a powerful technology platform, coupled with a superior software design, will help DBP become the primary bank of every customer by redefining the overall customer experience.

Mr. Gil A. Buenaventura, President & Chief Executive Officer, Development Bank of Philippines, said, “The Development Bank of the Philippines is a key player in the nation’s economy building initiatives. As a development financial institution we strive to assist in the building of productive communities and in promoting developmental activities taken up by individuals and organizations in the country. Polaris’ proven domain expertise and its Core Banking solution will help us in achieving our agenda. I also believe that the solution would also provide us with the flexibility and robust scalability required to support our growth plans.”

Mr. Carlos R. Villegas Jr., Managing Director, Kaisa Consulting Company, Inc. said, We are honored to provide the infrastructure, the expertise and the technology to support DBP’s noble mission of becoming a financial institution that serves as a catalyst for a progressive and more prosperous Philippines. We assure DBP and its customers that Kaisa will do its utmost to make the project a success.”

Mr. Jitin Goyal, CEO and Executive Director, Polaris Consulting & Services Limited, said, We are pleased that the Development Bank of the Philippines has chosen us and our Digital Core banking solution to assist them in their development agenda. This technology partnership with DBP comes at an opportune time as, in the current global economic scenario, banks worldwide are focusing on Digital Transformation for more stable annuity revenue with lower risks.”

Speaking on the benefits of the Core Banking Solution, Mr. Jaideep Billa, CEO, Global Consumer Banking (iGCB), Intellect, stated, The Digital Core Banking solution can help banks become the primary bank of every customer by redefining customer experience. The solution harmonizes the power of digital 360 with customer-centric architecture, ensuring same experience across at all touch points. Supporting the vision of the bank, this implementation will enable the bank to re-align their strategies to provide superior customer experience. With the Digital Core solution, the bank can achieve their ambition to embrace digital technologies through innovative banking products.”

About DBP

Development Bank of the Philippines, the country’s premier  development financial institution, DBP has taken upon itself the strategic task of influencing and accelerating sustainable economic growth, through the provision of resources, for the continued well-being of the Filipino people.

About Kaisa Consulting

Kaisa Consulting is a world-class provider of end-to-end technology-enabled business solutions through on-premise and offshore Business&Technology Consulting, transactional and transformational BPO and IT Consulting Resource Management.

About Polaris Consulting & Services Ltd

Polaris Consulting & Services Ltd is an innovator in digital transformation, offering solutions that result in performance breakthroughs where incremental improvements are not sufficient. Polaris has specialized vertical practices in consumer and corporate banking, capital markets, and insurance.

For Media related info:
Nachu Nagappan
Polaris Consulting & Services Limted

Source: Polaris Consulting & Services Ltd

Written by asiafreshnews

June 11, 2015 at 3:28 pm

Posted in Uncategorized

QS University Rankings: Asia 2015

leave a comment »

LONDON /PRNewswire/ —

Singapore leads, China rises, Japan stalls and India struggles

National University of Singapore confirms its leadership as Asia’s top institution in the seventh QS University Rankings: Asia published today on

(Logo: )

NUS’s success is mirrored by Nanyang Technological University which climbs to 4th, its highest ever position. While Singapore is holding firmly to the gold medal, its rival education hub, Hong Kong, claims silver with Hong Kong University placing second, followed by Hong Kong University of Science and Technology (5th), Chinese University of Hong Kong (6th) and City University of Hong Kong (9th). Korea takes the bronze medal with KAIST(3rd), Seoul National University (8th) and Postech (10th).


 2014 Top 10









































©QS Quacquarelli Symonds 2004-2015

There are 25 Chinese institutions among the top 100 and 16 of them have improved their position this year, mainly due to a surge in research citations.
Peking University (7th) gains one position while Tsinghua University (11th) rises three places.
“The majority of the ranked Chinese institutions are increasing their research output, spurred by the impressive and sustained level of public and private investment, second only to the US” says QS head of research Ben Sowter. “However, the country’s leading universities are still lagging behind in terms of research citation numbers, which reveal the impact of the research they produce.”

By contrast, only 9 Indian institutions feature among the top 100, with the Indian Institute of Science (34th),emerging as the country’s leading representative.
Japan remains the second most represented country in the rankings with 68 institutions, behind China which now boasts 74. Yet, fourteen of the nineteen Japanese universities featured among the top 100, lost ground compared to 2014.
Taiwan continues to pull above its weight, with 28 institutions ranked, including 12 among the top 100.
While Malaysia has 21 listed, with six in top 100.
The other countries featured among the top 300 are: Thailand (11 universities), Pakistan (10), Indonesia (7),Vietnam and Bangladesh (2), Sri Lanka, Brunei and Macau (1).

Source: QS Quacquarelli Symonds

Written by asiafreshnews

June 11, 2015 at 3:18 pm

Posted in Uncategorized

Almaty 2022 Optimal Athlete Experience and Deep Natural Snow Confirmed by IOC Evaluation Report

leave a comment »

ALMATY, Kazakhstan and LAUSANNE, Switzerland/PRNewswire/ — The IOC 2022 Evaluation Commission, led by IOC member Alexander Zhukov and the IOC´s Olympic Games Executive Director Christophe Dubi, released its report on the Almaty 2022 Olympic and Paralympic Games bid today. The Almaty Bid Committee is very encouraged and pleased by the report’s contents.

To view the Multimedia News Release, please click:

The report’s content is derived from the successful, productive and very cordial visit of the Evaluation Commission to Almaty in February 2015. The report gives a clear sign that Almaty’s second bid for the Olympic Winter Games benefits greatly from its experience hosting multiple major winter sports events like the successful Asian Winter Games in 2011, Universiade 2017 or just recently the U23 FIS Nordic World Championships in 2015. Almaty’ssuccess hosting events proves that it is well prepared to host the Olympic Winter Games to the highest standards in 2022.

Mr Andrey Kryukov, Vice Chairman of Almaty 2022 said: “First of all we would like to thank the International Olympic Committee, the Evaluation Commission and IOC Member Alexander Zhukov and Olympic Games Executive Director Christophe Dubi again for the very productive visit to Almaty in February and the report they made based on this visit. The report clearly states that Almaty´s vision is fully embedded in the Olympic Agenda 2020 and the city’s long-term sports development plan – a plan which started in 2011 with the hosting of the Asian Winter Games – is working. Almaty has already invested more than a billion US dollars in the development of winter sports venues and will have 80% of all the venues necessary for hosting the Winter Games finished by 2017.”

Follow @RealAlmaty2022 on





Source: Almaty 2022 Candidate city

Written by asiafreshnews

June 11, 2015 at 3:03 pm

Posted in Uncategorized

Papertrail, An Essential Tool for Re-Finding Academic Papers and PDF Files

leave a comment »

MELBOURNE, Australia /PRNewswire/ — Papertrail App Pty Ltd has recently released its new app to the public. Papertrail is a Windows desktop application which helps users re-find PDF files. What makes this application unique is that it searches through PDF files like a human would do, using different sets of memory cues, such as colour, date of accessing the file, page layout, keywords, sources, other documents viewed at the time, or even the time of the day. Papertrail currently allows for searches for misplaced PDF files by using 26 different types of cues.

To view the full multimedia release, click here:

Application Screenshot 1

Application Screenshot 2.
Application Screenshot 3
Application Screenshot 4

This application has been primarily designed with academics, research students and professors in mind. However, it is useful to anyone who has to deal with significant amounts of PDF files in their work. It helps save precious time and keeps files always a click or two away.

Papertrail is a product of research in information management and episodic memory and aims to help people re-find information they have once viewed. It is currently available under a study participant license. The study is conducted at Monash University, Melbourne, under ethics approval as student research.

The application is freely available on Papertrail’s website, but only for a limited time. The creators of Papertrail are using this release to invite users to download the app and provide potentially insightful feedback. Once the application has been downloaded, users will be able to rate it and give their opinion on its functionality and use.

A Mac version is planned for future release.

For additional information and updates, please visit Papertrail’s website at or follow Papertrail on Twitter at @PapertrailAca.

Papertrail is a Papertrail App Pty Ltd registered trademark.

Contact details:

Vedran Askraba
+613 9005 0822

DataBranch, Suite 504, 365 Little Collins Street, Melbourne, VIC, 3000, Australia
Tel: +61 3 9005 0822

An explanatory video is available at:

Software screenshots can be found at:

Video –
Photo –
Photo –
Photo –
Photo –

Written by asiafreshnews

June 11, 2015 at 3:01 pm

Posted in Uncategorized

APAC Banks Lose 10-20 Percent Deposit Revenue Not Using Analytics, Say CROs

leave a comment »

-FICO Survey: 60 percent of respondents say they have no analytic optimization strategy for pricing term deposits or overdrafts

SINGAPORE /PRNewswire/ —


  • 20 percent of respondents said they thought they could deliver more than 20% additional revenue using analytics. 26 percent said they could deliver between 10-20% more revenue, while 48 percent thought they could deliver up to 10% more revenue.
  • 60 percent of respondents say they have no analytic optimization strategy for pricing term deposits or overdrafts.
  • Only 10 percent of respondents say they are implementing an analytic optimization strategy in 2015.

Banks in Asia Pacific may be losing 20 percent or more of potential revenue from deposits, because they have not used analytics to optimize their strategies for their deposits business. Nearly half of the respondents to a survey conducted by analytic software company FICO (NYSE: FICO) put the lost revenue at more than 10 percent, and one in five respondents said it is more than 20 percent.

Logo –

Banks can optimize their deposit strategies using solutions such as FICO® Optimization Solution for Deposit Pricing, which allows lenders to offer optimal deposit rates that balance customer satisfaction with profitability and portfolio growth.

For more information:

The survey was conducted at the 2015 FICO Asia Pacific CRO Forum, held earlier this year in Bangkok, Thailand. A total of 34 senior risk officers and banking executives representing 23 financial institutions across the region participated in the survey.

The new findings come at a time of slowdown in growth of deposits in the region. According to HSBC’s research in 2014, year-on-year growth in Asian bank deposits has decelerated from above 12 percent to 10 percent. Among the reasons cited for this slowdown is a tendency for Asians to invest their money in speculative vehicles like property, equities, or in some cases, shadow banking products.  Deposits are often seen as performing at or below inflation, and tend to attract more dollars only when other markets look volatile.

In FICO’s survey of chief risk officers:

  • 75 percent of CROs said that in making decisions about deposits, customers cared about interest rates the most.
  • 50 percent said they needed to increase deposits due to both regulation and changes in risk appetite. A further 15 percent said it was due to regulatory requirements only.
  • 25 percent said they still do not share deposit account information with other areas of the bank to enable a more comprehensive decisioning.

Increasingly, there is a need to manage newly optimized deposit strategies in much the same way that banks have handled credit card accounts. FICO® TRIAD® Customer Manager allows deposit risk managers to measure customer risk with predictive analytics, set up targeted risk-based strategies, automate a host of decisions using these strategies, and test new “challenger” strategies against their current “champions” to continually improve results.

Dan McConaghy, President, FICO Asia Pacific, said, “Banks need a speedy and precise strategy around rate-setting that is individual to the customer. This type of segmentation and offer-making is only possible with advanced analytics. This will help ensure profitability, while maintaining customer satisfaction and make deposit products more attractive to Asian customers.”

Phil Norman, Head of Analytic Services, FICO Asia Pacific, said, “We help banks strike the right balance in pricing their deposits. Our approach to pricing uses a sophisticated modeling approach which incorporates optimization to provide lenders an individual rate for each customer so they are attracted to invest while maintaining more margin for the lender.

“Many banks across the region also need to increase their capital due to new regulations, and deposit funding is one of the least expensive forms of capital available to banks, so it is becoming a greater focus for many CROs.”

About FICO

FICO (NYSE: FICO) is a leading analytics software company, helping businesses in 90+ countries make better decisions that drive higher levels of growth, profitability and customer satisfaction. The company’s groundbreaking use of Big Data and mathematical algorithms to predict consumer behavior has transformed entire industries. FICO provides analytics software and tools used across multiple industries to manage risk, fight fraud, build more profitable customer relationships, optimize operations and meet strict government regulations. Many of our products reach industry-wide adoption. These include the FICO® Score, the standard measure of consumer credit risk in the United States. FICO solutions leverage open-source standards and cloud computing to maximize flexibility, speed deployment and reduce costs. The company also helps millions of people manage their personal credit health. FICO: Make every decision count™. Learn more at

For FICO news and media resources, visit

Join the conversation on twitter at: @FICOnews_APAC.

FICO and “Make every decision count” are trademarks or registered trademarks of Fair Isaac Corporation in the United States and in other countries.

Source: FICO

Related stocks: NYSE:FICO

Related Links:

Written by asiafreshnews

June 11, 2015 at 2:50 pm

Posted in Uncategorized

Five Victorian Firms Announce Deals at CommunicAsia 2015

leave a comment »

SINGAPORE, June 5, 2015 /PRNewswire/ — Five leading-edge Victorian firms have announced a range of partnerships, expansions, licencing deals and international joint ventures at Asia’s largest integrated ICT industry event, CommunicAsia 2015 in Singapore.

Proximiti, Novatti, Affirm Software Group, flexAnswer Solutions and UnityHealth are among 49 businesses participating in the Victorian Government’s current trade mission to South East Asia promoting the state’s health and medical technology industries.

Location-based services technology provider Proximiti announced it has expanded its operations by opening two new regional hubs in Singapore and India.

The Melbourne-based company has also acquired several new clients and entered into regional partnerships to provide location-based technology to Visa and AIS, Thailand’s leading telecommunications operator.

Leading global payments technology solutions provider, Novatti has formed a joint venture with Malaysian company ATX (M) Sdn Bhd to form a joint venture. Novatti (Malaysia) Sdn Bhd, launched its nationwide payments services on May 1, 2015.

Melbourne-based Affirm Software Group has formed a joint venture business with YTF Consultants (Singapore). Affirm Paperless Solutions, will take its cloud based recruitment and onboarding solution, Onboard Express, to the Singapore market.

flexAnswer has signed a 5-year renewal contract with Changi Airport Group, and new contracts with seven Singapore Government agencies, while digital innovations company UnityHealth has licensed its award winning eLearning platform, iTherapeutics, to Singapore based MIMS Limited to clinicians across seven countries in the region.

Victoria has been leading successive ICT trade missions to CommunicAsia in Singapore since 2005 and has made significant inroads into the Malaysian market since the Malaysia Australia Free Trade Agreement came into force in 2013.

Victoria is the centre of Australia’s ICT industry with a global reputation for delivering innovative products and services. The industry now generates more than $34 billion in annual revenue and employs 91,300 people in almost 8,200 companies.

“Once again, Victorian ICT businesses have demonstrated their innovation and competitiveness, closing a broad range of deals at CommunicAsia, which have the potential to create new local jobs and increase exports,” said the Hon. Steven Herbert, Minister for Training and Skills and Minister for International Education, who led the trade mission to Singapore.

“The Victorian Government is proud to be showcasing our state’s world class ICT capabilities at CommunicAsia 2015, the most important ICT expo in South East Asia.”

“Victoria has a strategy to help our ICT, medtech and health tech companies to become part of global supply chains in knowledge creation, research, product development and commercialisation. This also includes the in-market support services provided by the South East Asia Victorian Government Business Office located in Kuala Lumpur,” he said.

About the Victorian Government Business Office (VGBO)

Established in 2009, the Victorian Government Business Office (VGBO) in South East Asia is operated by the State Government of Victoria to help promote Victorian trade and investment in the region. Through a variety of programmes and business initiatives, the VGBO assists Victorian exporters and provides assistance to South East Asian regional companies and organisations to source products and services, business introductions and investment opportunities with Victoria. For information, please visit
Source: Victorian Government Business Office (VGBO)

Written by asiafreshnews

June 11, 2015 at 1:04 pm

Posted in Uncategorized