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Archive for January 26th, 2016

APAC Banks Say They are Most at Risk from Data Breaches at Large Retailers and Telcos in 2016

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-FICO Survey: 100 percent of respondents say data breaches in other industries will harm financial institutions this year

SINGAPORE /PRNewswire/ —

HIGHLIGHTS:

  • 38 percent of respondents ranked large retailers as being at the greatest risk for a data breach in 2016, with another 35 percent of respondents choosing telecommunications companies.
  • By contrast small business (25 percent) and healthcare (22 percent) were voted as the industries least likely to be at risk of a data breach in 2016.
  • 100 percent of respondents said data breaches in other industries will impact financial institutions
  • 72 percent of respondents see a significant rise in the volume of threats from mobile commerce and mobile-first consumers in APAC, with another 22 percent expecting a modest increase.

For more information: http://www.fico.com/en/fraud-security/cyber-security

In a survey of 36 fraud executives from 18 leading APAC banks at the 2015 FICO Fraud Forum, 100 percent of respondents indicated that data breaches in other industries will harm financial institutions in 2016.

Banks in the region are keenly aware of the threat posed by the increasingly connected business landscape, and that FSI card portfolios are more vulnerable when customer data is collected by so many entities. 38 percent of respondents ranked large retailers as being at the greatest risk for a data breach in 2016, with another 35 percent of respondents choosing telecommunications companies.

By contrast small business (25 percent) and healthcare (22 percent) were voted as the industries least likely to be at risk of a data breach in 2016. Hospitality and travel, along with insurance, were ranked as medium risks for data breaches in the year ahead.

Raed Taji, Head of Global Fraud Consulting for FICO in Asia Pacific, said, “Rapid internet and mobile penetration have seen many industries grow their online capabilities to include payments, online applications and account management services, yet many organizations only have basic security in place. These businesses are soft targets compared to the banks because they lack the resources or historical security focus needed to protect critical systems and customer data.”

The rapid growth of mobile-first consumers in APAC is also seen as a key factor as the volume of mobile threats increases. 72 percent of survey respondents predicted a significant rise in threats from mobile commerce and mobile-first consumers in 2016, with another 22 percent expecting a modest increase.

The last year alone has seen an average 22 percent increase in shopping on mobile phones across 13 APAC markets, according to a 2015 study from Visa. Indonesia, China and Taiwan reported the highest rates of growth for 2015 at 36 percent, 34 percent and 28 percent, respectively.

APAC fraud executives were also asked which factors might inhibit their own organization’s ability to stop a data breach. 24 percent nominated low security awareness amongst employees as the number-one factor, with another 21 percent saying a lack of budget was to blame. 40 percent ranked too many siloed operations as their number-two issue.

Raed Taji, Head of Global Fraud Consulting for FICO in Asia Pacific, said,These results show that better processes, education and management are just as important as having the right technology to keep up with the ever evolving cybersecurity and fraud landscape. To avoid becoming a hacking statistic, companies should focus on good security habits, like educating their staff, using strong security solutions and examining how they are collecting, using and storing valuable data.”

Dan McConaghy, president for FICO in Asia Pacific, said, “Cybercrime is no longer a problem for the IT or fraud department alone. It is a boardroom issue and its spread to industries outside banking means a wholesale review to avoid an increased risk of financial damage or loss of reputation. Stopping breaches and fraudsters will require analytics-based solutions, especially as mobile ecommerce grows across Asia Pacific and changes who the criminals target.”

About FICO

FICO (NYSE: FICO) helps individuals and businesses worldwide make better decisions by applying data science to solve complex problems. Using predictive analytics, FICO has dramatically improved profitability, customer satisfaction and growth for companies in 100 countries across financial services, telecommunications, health care, retail and other fields. Founded in 1956 and based in Silicon Valley, FICO holds more than 165 US and foreign patents for technologies that have transformed entire industries. Whether protecting 2.5 billion payment cards from fraud, helping people worldwide obtain credit, or ensuring that millions of airplanes and rental cars are in the right place at the right time, FICO powers decisions that help businesses and people prosper.

Learn more at http://www.fico.com

Join the conversation at https://twitter.com/fico & http://www.fico.com/en/blogs/

FICO is a registered trademark of Fair Isaac Corporation in the US and other countries.

Logo – http://photos.prnewswire.com/prnh/20111010/CG83314LOGO

Source: FICO

Related stocks: NYSE:FICO

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Written by asiafreshnews

January 26, 2016 at 5:22 pm

Posted in Uncategorized

Commspoint Express Now Available on ZappiStore

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ROTTERDAM, the Netherlands /PRNewswire/ — Pointlogic, a global leader in marketing analytics and software, is excited to reveal that its Commspoint Express (https://pointlogic.com/pointlogic-commspoint-express) solution has been added to ZappiStore’s innovative online marketplace.

Commspoint Express is a sophisticated tool that offers media agencies and brand owners quick and cost-effective proprietary market research into key media and communication contact points. After choosing one of nearly 200 product categories, organisations benefit from fast and flexible insights that gauge the effectiveness of 40 pre-determined paid, owned and earned media channels.

Pointlogic’s partnership with ZappiStore means customers can now order Commspoint Express quickly and easily through the site’s self-serve framework. The solution is currently available in the US, the UK, Ireland, Canada,Australia and Singapore, although Pointlogic is expecting to expand the product’s geographic scope based on demand.

Commspoint Express is a great addition to our store. Not only can the tools in our current Creative Development suite provide clients with the insights to optimise their creative material, now with Commspoint Express we can ensure that our clients know the most effective media channels to power their brands. All this in a matter of hours said Stephen Phillips, CEO ZappiStore.

Were delighted to launch on ZappiStore. Brands & their agencies need tools to help navigate the multitude of available contacts points with consumers. Now in the planning tools arms race Commspoint Express provides a fast and powerful new weapon added Phil Spencer, Business Director, Pointlogic UK.

Using Commspoint Express couldn’t be simpler. Media agencies and brands select a category and up to five communication tasks, and Pointlogic does the rest through a combination of tailored surveys and bespoke reports. Tasks can include calculating how connected certain channels are with particular brands, as well as identifying which contact points have the best reach and power among consumers.

Commspoint Express is ideally suited to one-off workshops, brand strategy planning sessions and client pitches. The solution enables media agencies and brands to encapsulate multiple consumer experiences in a single piece of research, helping drive crucial decision-making at key stages of the planning process. Ultimately Commspoint Express provides affordable respondent-level market research that is available in a matter of hours rather than weeks.

To learn more about how Commspoint Express can optimise your communications planning strategies, please visit theZappiStore product page.

About Pointlogic

Pointlogic is the global market leader in strategic marketing planning solutions. These are used in over 80 countries by some of the world’s most successful media agencies, media owners and brands. Pointlogic solutions span the key stages of marketing from strategic planning through to activation. Pointlogic headquarters are in Rotterdam, The Netherlands with additional offices in New York, Sao Paulo, London and Singapore.

About ZappiStore

ZappiStore is the online research provider that delivers an automated, self-service platform for buying research services – at lightning fast speed, low cost and of the highest quality.

Contacts:
Pointlogic: info@pointlogic.com / +31(0)10-281-60-60 / Peter Kloprogge
Zappistore: contact@zappistore.com / +44(0)207-428-7369 / Stephen Phillips

Source: Pointlogic

Written by asiafreshnews

January 26, 2016 at 5:02 pm

Posted in Uncategorized

Vienna Achieves 6th Successive Overnight Record in 2015

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VIENNA  /PRNewswire/ —

Vienna’s tourism industry can look back on its best year ever: 14.3 million visitor overnights, 5.9% more than in 2014, represent a new all-time high.

– Cross reference: Picture is available at AP Images (http://www.apimages.com) and

http://www.presseportal.de/nr/106784/ –

(Photo: http://photos.prnewswire.com/prnh/20160121/324637 )

In 2015 Vienna once again achieved a record with 14.3 million visitor overnights – a result for the year that exceeds 2014’s previous record by 5.9%. A total of 6.6 million arrivals were recorded, an increase of 6.1%. Over the period from December 2014 to December 2015, Vienna’s accommodation capacity increased by 2,840 to 64,200 beds, whilst room occupancy was up to 72% (2014: 71%). Net room revenues recorded by the hospitality sector – currently calculated for January thru’ November – saw a two-digit rise of 15.5% to 665,6 million euros. “Approximately 82% of Vienna’s overnights in 2015 were international. Our strategy of reducing our dependence on individual markets and targeting specific growth and promising markets has paid off. The 150th anniversary ofVienna’s Ringstrasse boulevard was Vienna’s road to success in the literal sense of the word,” according to Director of Tourism Norbert Kettner. His objective now is to increase Vienna’s overnight figures to 18 million by 2020.

In 2015 Vienna’s ten top markets were once again headed by Germany with 2,783,000 bednights (+5%), followed by Austria (2,617,000 bednights, +5%), the USA (843,000, +13%), Italy (750,000, +8%) and the United Kingdom(588,000, +18%). Places 6 to 10 were taken by Spain (437,000, +13%), Switzerland (435,000, +9%), Russia(408,000, -32%), France (371,000, +2%) and Japan (286,000,
-4%). Vienna also experienced strong growth from China (285,000 overnights, +21%), the Arab countries in Asia(198,000 overnights, +48%), South Korea (187,000, +19%), Australia (164,000, +10%), Turkey (148,000, +15%), the United Arab Emirates (123,000, +45%) and India (90,000, +39%). www.vienna.info

Further information:
Vienna Tourist Board
Isabella Rauter
Tel:+43-1-211-14-301
E-mail: media.rel@vienna.info
http://www.vienna.info
http://b2b.vienna.info.

Source: Vienna Tourist Board

Written by asiafreshnews

January 26, 2016 at 4:58 pm

Posted in Uncategorized

Xura Partners With SMS PASSCODE Making Multi-factor Authentication Simple and Secure for Users

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WAKEFIELD, Massachusetts /PRNewswire/ —

Intelligent and adaptive mobile authentication ensures safety of data, networks and applications, providing a superior login experience for customers and remote workers

Today Xura, Inc. (NASDAQ: MESG), a leading provider of digital communications services for enterprises, announced its strategic partnership with SMS PASSCODE, a technology leader in adaptive multi-factor authentication. Xura complements SMS PASSCODE’s authentication suite by providing reliable and secure messaging connectivity world-wide, through carrier-grade communications.

In today’s world driven by mobile devices and digital services, companies increasingly face the challenge of protecting both employees and consumers from fraud, while also allowing them easy access to information, services and applications. At the same time, due to the increase in major security breaches, users themselves are driving demand for greater security measures to avoid personal data being compromised. Businesses are taking heed by increasing the authentication methods available to their employees and customers, but finding the balance of security vs cost, convenience and ease of use, is challenging, and working environment trends such as BOYD (bring your own device) add further complexities for enterprises.

One-time passcodes sent to a mobile device, also known as two-factor authentication (2FA or mobile Transaction Authentication Number – mTAN), are commonly used by financial institutions to provide an extra layer of security alongside standard username and password log-in. This is ideal for employee authentication, particularly for companies who may have contractors, partners and employees where varying levels of additional verification is required.

Xura enriches SMS PASSCODE’s adaptive, multi-factor authentication suite for enterprises, by providing secure carrier-grade, SMS and IP messaging delivery globally. Xura’s IP messaging technology powers signed and highly encrypted transmission of passcodes to the recipient’s mobile device via its secure app and storage facility,trustego, adding another layer to SMS PASSCODE’s authentication solution.

With Xura’s trustego platform, users can choose to receive encrypted PIN codes by IP message (in-app notification) or by text message, protecting end-user data and helping businesses realize additional security benefits. There is also the option of sending an in-app (IP) message first, and if the message is not opened within a set time period, the system will trigger a text message to be sent instead. The trustego app can be downloaded from the app stores, but can also be white labelled and is available via an SDK.

“Xura’s and SMS PASSCODE’s strategic partnership brings together the latest and most accessible messaging technologies to provide an intelligent authentication service with the greatest reach and convenience to users – via their mobile. This offers the best value, along with the highest level of reliability and security, meaning data, networks, websites and apps are protected. Collectively, we give users secure access and flexibility to information they need, while ensuring increased productivity for an increasingly mobile consumer and workforce,” said Eric Bilange, EVP, Enterprise, Xura.

“When providing the best quality security solutions, we required a partner who specialises in mobile support for enterprises and complies with the highest requirements in coverage, availability, security and performance. Xura assists in enabling and securing customer oriented processes with rich communication solutions,” commentedClaus Rosendal, CTO at SMS PASSCODE. “By integrating Xura’s technology with ours, we are in the position to roll out a turn-key solution for strong authentication based on the latest security advancements. We can also help replace cost-intensive, inflexible and less secure hardware token installations and have a system up and running in a matter of hours.”

Ahead of Xura’s attendance at Money20/20 Europe, Xura and SMS PASSCODE will be co-hosting a webinar on 16th March, entitled “Simple and Secure: Multi-Factor Authentication For Financial Services Webinar”, to explore the cyber risks facing today’s financial services world, and solidify the importance of strong, secure authentication methods. We will showcase the latest trends in 2FA and multi-factor authentication, and discuss how using stronger authentication methods can help finance service providers comply with regulatory requirements such as Sarbanes-Oxley, European Data Directives and The Federal Financial Institutions Examination Council. To register for this webinar, please click here.

About Xura, Inc.

Xura, Inc (NASDAQ: MESG) offers a portfolio of digital services solutions that enable global communications across a variety of mobile devices and platforms. We help communication service providers (CSPs) and enterprises navigate and monetize the digital ecosystem to create innovative new experiences through our cloud-based offerings. Our solutions touch more than three billion people through 350+ service providers and enterprises in 140+ countries. You can find us at Xura.com.

About SMS PASSCODE

SMS PASSCODE is the technology leader of adaptive multi-factor authentication software, improving enterprise security and productivity by delivering an easy to use and intelligent solution that helps ensure the safety of corporate networks and applications. SMS PASSCODE authenticates users through their mobile devices, helping IT managers address evolving business needs with cloud applications and mobile security by dynamically authenticating users based on geo-location and login behavior patterns. The solution secures remote log-on systems including Microsoft, Citrix, Cisco and Check Point. Governments, telcos, enterprises and financial institutions in more than 40 countries appreciate its cost-effective, secure and easy-to-maintain offering, making SMS PASSCODE their trusted partner to securely authenticate access to services while preventing identity theft. For more information, visit http://www.smspasscode.com

Forward-Looking Statements

This press release includes “forward-looking statements.” Forward-looking statements include statements of plans and objectives for future operations, statements of future economic performance, and statements of assumptions relating thereto. In some cases, forward-looking statements can be identified by the use of terminology such as “may,” “expects,” “plans,” “anticipates,” “estimates,” “believes,” “potential,” “projects,” “forecasts,” “intends,” or the negative thereof or other comparable terminology. By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause actual results, performance and the timing of events to differ materially from those anticipated, expressed or implied by the forward-looking statements in this press release. These risks and uncertainties discussed above, as well as others, are discussed in greater detail in our filings with the SEC. The documents and reports we file with the SEC are available through us, or our website, http://www.Xura.com , or through the SEC’s Electronic Data Gathering, Analysis, and Retrieval system (EDGAR) at http://www.sec.gov.

Source: Xura, Inc.

Written by asiafreshnews

January 26, 2016 at 4:50 pm

Posted in Uncategorized

PEZ PLAY: Austrian Cult Brand Goes Digital!

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TRAUN, Austria  /PRNewswire/ —

– Cross reference: Picture is available at AP Images (http://www.apimages.com) –

A special innovation is taking the cult brand PEZ from Austria into the digital age in 2016. PEZ PLAY is making classic PEZ products an entertaining interactive experience on mobile phones and tablets, fun for kids and adult gamers alike. The free games are quickly downloaded using a code, and then the digital gaming experience can begin!

(Photo: http://photos.prnewswire.com/prnh/20160122/325072)
(Photo: http://photos.prnewswire.com/prnh/20160122/325074)

PEZ PLAY is being unveiled at the exclusive Cologne International Sweets and Biscuits Fair in 2016. “By launching PEZ PLAY, PEZ has again proven how the brand remains contemporary,” comments Marketing Director Gabriele Hofinger, “The digital games have updated the cult brand for today, enhancing its appeal by linking one generation to the next.

Angry Birds and Bricks Breaking

The first PEZ PLAY game to be marketed will be a PEZ Angry Birds mini game. As an exclusive partner of ROVIO, all PEZ Angry Birds dispensers will bear a ‘bird code’ from spring 2016 onwards – in the run-up to the movie – giving free access to the new PEZ game.

The next developmental step will be the release of a second app game in the second half of 2016: Bricks Breaking, in the iconic PEZ design. Additional free fun and educational games will be available for buyers of classic PEZ candies, providing more product benefits and entertainment for consumers.

The PEZ Group is a global enterprise. Japan and Australia are major markets for the company alongside Europeand the US. PEZ products are available in more than 80 countries. Annually about 70 million dispensers and 5 billion candies are manufactured. Worldwide 750 people are employed by PEZ.

Contact: Gabriele Hofinger, MBA, Head of Marketing & Licensing
E-mail: gh@pez.at Phone: +43(0)732-38999-610

Source: PEZ International GmbH

Written by asiafreshnews

January 26, 2016 at 4:30 pm

Posted in Uncategorized

Northstar Elevates Mark Rogers to Vice Chairman and Expands into the Middle East and Africa

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HAMILTON, Bermuda, Jan. 25, 2016 /PRNewswire/ — Northstar Financial Services (Bermuda) Limited is pleased to announce that Mark Rogers is due to play a more prominent role going forwards and the firm is to begin operations in the Middle East and Africa.

Mark joined Northstar as a Director in July 2015 but, in his new position as Vice Chairman, he will be more actively involved in the global activities of the company and will spearhead the Middle East and Africa initiative. Northstar is in the final stages of establishing its office for the Middle East and Africa in the DIFC and is set to make an announcement regarding the Key Representative to be based in the region imminently.

Northstar’s Head of Distribution, Alejandro Moreno commented: “Having enjoyed such a successful relationship as colleagues at our previous firm, I am thrilled to be working so closely alongside Mark again. His vast experience and global network of relationships should prove to be invaluable as we continue to enhance our product range and expand into new territories. The Middle East and Africa in particular represent a significant opportunity for Northstar and I look forward to working with Mark in those regions.”

Mark Rogers commented: “I couldn’t resist the opportunity to play a more central role at Northstar. With a robust operating history stretching back 17 years, a compelling range of products and a highly experienced team, Northstar is perfectly positioned to support the growing demand for international investment products.”

About Northstar

Established in 1998 as Nationwide Financial Services (Bermuda) Limited and renamed Northstar in 2005, the firm provides financial solutions to meet the needs of non-US clients and offers a range of attractive fixed-rate and variable investment plans to a global client base. The firm’s fixed-rate products offer competitive guaranteed interest rates coupled with the option of added principal protection. Northstar’s variable products offer investors access to a broad selection of funds from a range of leading asset managers, with unlimited free transfers between underlying investment options. All Northstar products provide clients with segregated account protection, generous liquidity terms and a variety of commitment periods, as well as the benefits of a Bermuda trust structure, which include financial security, privacy and enhanced wealth transfer flexibility. Working with an extensive range of distribution partners such as banks and other financial institutions, Northstar has clients in over 100 countries.

Northstar is regulated by the Bermuda Monetary Authority and is a Segregated Accounts Company.

Northstar specializes in investment products designed to help non-U.S. citizens achieve their financial goals. Northstar offers a range of both  variable and fixed-rate investment plans within a Bermuda trust structure and the firm’s products are sold globally via a network of banks, securities dealers and other financial intermediaries. Northstar products are not available to US persons or citizens or residents of Bermuda.

Northstar Financial Services (Bermuda) Ltd., Maxwell Roberts Building, 1 Church Street, Hamilton HM11, Bermuda

Phone: +1-441-296-1351, Fax: +1-441-296-1349, northstarbermuda@nfs.bm,http://www.northstarfinancialservices.bm

Source: Northstar

Written by asiafreshnews

January 26, 2016 at 4:08 pm

Posted in Uncategorized

Frost & Sullivan Distinguishes Teleperformance Russia for Its Innovative Solutions and Operational Excellence in the Customer Contact Outsourcing Market

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-Consistent service delivery, security protocols, and flexibility position Teleperformance Russia as a top market player

MOUNTAIN VIEW, Calif./PRNewswire/ — Based on its recent analysis of the customer contact outsourcing market, Frost & Sullivan recognizes Teleperformance Russia with the 2015 Russian Frost & Sullivan Award for Competitive Strategy Innovation and Leadership. Leveraging its global industry experience, financial stability, market expertise, and proven tools, Teleperformance Russia designs customized, yet affordable solutions to ensure high customer satisfaction. The company’s global strategy standardizes its systems and agent applications, while implementing local strategies that are relevant to specific markets like Russia.

Teleperformance
Teleperformance

“Teleperformance Russia offers customer relationship management (CRM) and business process outsourcing (BPO) services that help deliver a range of benefits in sales, customer acquisition/retention, and technical support,” said Frost & Sullivan Lead Consultant, Martin Hoffter Heide. “Teleperformance supports both voice and non-voice channels and presents services even outside Russia in a variety of languages.”

Teleperformance Russia is a client-oriented company that engages with its customers in a number of ways to ensure outstanding customer service. It utilizes Net Promoter Score (NPS) to gauge the percentage of customers that would proactively recommend the company to others. Teleperformance maintains a commendable 91 percent NPS rating inRussia. Customer referrals make up 15 percent of Teleperformance Russia’s new client base.

Strategic solutions give Teleperformance Russia an edge over its competitors. It also tries to educate clients on the benefits of outsourcing contact centers services. Leveraging its global industry experience, financial stability, market expertise, and proven tools, Teleperformance Russia designs tailor-made client solutions at affordable prices.

Each year, Frost & Sullivan presents this award to the company that has leveraged competitive intelligence to successfully execute a competitive strategy that results in stronger market share, competitive brand positioning and customer satisfaction.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.

About Teleperformance Group

Teleperformance, the worldwide leader in outsourced multichannel customer experience management, serves companies around the world with customer care, technical support, customer acquisition and debt collection programs. In 2014, it reported consolidated revenue of €2,758 million ($3,665 million, based on €1 = $1.33).

The Group operates around 135,000 computerized workstations, with more than 182,000 employees across around 270 contact centers in 62 countries and serving more than 160 markets. It manages programs in 75 languages and dialects on behalf of major international companies operating in a wide variety of industries. Teleperformance shares are traded on the Euronext Paris market, Compartment A, and are eligible for the deferred settlement service. They are included in the following indices: STOXX 600, SBF 120, Next 150, CAC Mid 60 and CAC Support Services.

Symbol: RCF – ISIN: FR0000051807 – Reuters: ROCH.PA – Bloomberg: RCF FP

For more information: www.teleperformance.com

Follow us on Twitter: @teleperformance

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:     Start the discussion

Join Us:           Join our community

Subscribe:       Newsletter on “the next big thing”

Register:         Gain access to visionary innovation

Contact:
Mireya Espinoza
P: 210. 247.3870
F: 210.348.1003
E: mireya.espinoza@frost.com

Photo  – http://photos.prnasia.com/prnh/20160122/8521600463

Source: Frost & Sullivan

Written by asiafreshnews

January 26, 2016 at 3:37 pm

Posted in Uncategorized

J.C. Flowers & Co. LLC to Acquire Chi-X Australia, Chi-X Japan and Chi-Tech

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NEW YORK /PRNewswire/ — Chi-X Global Holdings LLC today announced that J.C. Flowers & Co. LLC has entered into an agreement to acquire Chi-X Australia, Chi-X Japan and Chi-Tech Hong Kong.

Financial terms of the transaction were not disclosed. The acquisition is expected to close in Q1 2016, pending regulatory clearances.

Tal Cohen, CEO of Chi-X Global, said: “We are pleased to announce that J.C. Flowers & Co. has agreed to acquire Chi-X Australia, Chi-X Japan and Chi-Tech. Over the past five years, Chi-X has established itself as an integral part of the financial markets in Asia Pacific through our commitment to competition and innovation.”

J.C. Flowers & Co. has a deep appreciation for these markets and shares our vision of leveraging technology to develop innovative market-level solutions that enhance investor performance,” said Mr. Cohen. “We believe that Chi-X will continue to deliver greater choice and cost-effective solutions to investors and issuers as J.C. Flowers & Co. builds on the Chi-X brand.”

“The Chi-X businesses have established themselves as successful and innovative alternatives to primary exchanges,” said Thierry Porte, Managing Director, J.C. Flowers & Co.  “Their superior technology, service and trade execution performance will continue to drive positive change and improve markets where they operate. We hope to accelerate this growth through continued enhancements to the platform, including new investment products and markets, and by leveraging our strong relationships throughout the Asia Pacific region.”

J.C. Flowers & Co. is exclusively focused on investments in the global financial services sector and has been an active investor in the Asia Pacific region for nearly two decades.  The Firm’s current investments include Shinsei Bankof Japan; KT Capital Corporation, a Korean non-bank finance company; and SICOM Ltd., a provider of financial solutions and advisory services in India.

About Chi-X® Australia

A subsidiary of global market operator Chi-X Global Holdings LLC, Chi-X Australia offers a valuable alternative for trading ASX securities using its low latency, high performance, proven trading system. Its launch introduced to the Australian market innovative new orders types, the potential for lower costs and a more efficient way to trade.

About Chi-X® Japan

Chi-X Japan provides investors with a more efficient market alternative through its innovative pricing model, advanced order types, risk management tools and colocation services. As a registered PTS (Proprietary Trading System), Chi-X Japan aims to attract new investors, in turn increasing overall Japanese market volumes, reducing transaction costs and improving investment performance.

About Chi-X® Global Holdings LLC

Owned by a consortium of major financial institutions, Chi-X Global operates market centers in Australia, Canada andJapan. Chi-Tech, the technology services unit of Chi-X Global, provides technology to its business lines and the Chi-FX.

About J.C. Flowers & Co. LLC

J.C. Flowers & Co. is a leading private investment firm dedicated to investing globally in the financial services industry. Founded in 1998, the firm has invested more than $10 billion of capital in 42 portfolio companies in 15 countries. In addition, J.C. Flowers & Co. has generated more than $4 billion of co-investment opportunities since inception. J.C. Flowers & Co. invests across a range of deal types and industry sectors including banking, insurance and reinsurance, securities, services and asset management, and specialty finance. With approximately $8 billion of assets under management, J.C. Flowers & Co. has offices in New York and London. For more information visitjcfco.com/.

©2016 Chi-X Global Holdings LLC. All rights reserved. CHI-X is a registered trademark in jurisdictions around the world.

Source: Chi-X Global Holdings LLC

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January 26, 2016 at 3:22 pm

Posted in Uncategorized

New DTCC White Paper Calls for Leveraging Distributed Ledger Technology to Solve Certain Long-Standing Operational Challenges

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NEW YORK, LONDON, HONG KONG and SINGAPORE /PRNewswire/ —

White paper calls for industry-wide engagement and collaborative rearchitecture of core processes to avoid siloed solutions based on different standards

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today issued a white paper that calls for industry-wide collaboration in leveraging distributed ledger technologies to modernize, streamline and simplify the siloed design of the financial industry infrastructure and address certain limitations of the current post-trade process.

“The industry has a once-in-a-generation opportunity to reimagine and modernize its infrastructure to resolve long-standing operational challenges,” said Michael Bodson, President and CEO at DTCC. “To realize the potential of distributed ledger technology in a responsible manner and to avoid a disconnected maze of siloed solutions, the industry must work together in a coordinated fashion.”

The paper, titled “Embracing Disruption Tapping the Potential of Distributed Ledgers to Improve the Post-Trade Landscape,” notes that while today’s financial market infrastructures have a proven track record of providing stability, reliability and certainty, they are often quite complex, siloed and not equipped for 24/7/365 processing. DTCC believes a secure distributed ledger, with complete and traceable transaction history for a set of assets that is shared and accessible only between trusted parties, could provide significant operational improvements as well as further mitigate risk and reduce post-trade costs.

Based on its research and analysis, DTCC recommends exploring targeted opportunities to improve upon the existing infrastructure in certain defined areas where automation is limited or non-existent and where the technology provides a clear benefit over existing processes. Opportunities to explore include: master data management; asset/securities issuance and servicing; confirmed asset trades; trade/contract validation, recording and matching for the more complex asset types that currently do not have strong existent solutions; netting and clearing; collateral management; and, longer term, settlement.

However, the white paper cautions that distributed ledger technology is still immature and unproven, has inherent scale limitations in its current form, and lacks underlying infrastructure to cleanly integrate the technology into the existing financial market environment. As a result, it may not be the solution to every problem and alternative solutions should also be considered in evaluating opportunities to lower the costs and risks of current infrastructure through standardized industry workflows and expanded use of cloud technologies.

Industry-Wide Coordination and Collaboration

The paper also notes that research efforts thus far have been generally uncoordinated and, as a result, the industry is at risk of repeating the past and creating countless new siloed solutions based on different standards and with significant reconciliation challenges. The most logical way forward is for the existing, regulated and trusted central authorities to help play a leading role in introducing the standards, governance and technology to support distributed ledger implementations. Furthermore, we believe these organizations, working in partnership with a wide range of the industry, can help ensure that new opportunities are in the best interests of post-trade processing and consistent with long-standing goals of mitigating risk, enhancing efficiencies and driving cost efficiencies for market participants.

“The current approach of many firms experimenting in private with a technology that uses consensus protocols to provide transparency could lead to a new post-trade environment with the same integration and reconciliation problems that companies face today,” Bodson said. “As an industry-owned and governed financial market utility with more than 40 years of service, DTCC is uniquely positioned to help lead the effort in exploring how distributed ledger technology can simplify or replace legacy post-trade systems.”

As part of its commitment to progressing distributed ledger technology in the post-trade space, DTCC recently made a financial investment in Digital Asset Holdings, LLC, a developer of distributed ledger technology for the financial services industry, and Bodson will sit on the company’s Board of Directors. This investment positions DTCC to play a leading role in fostering industry-wide collaboration and helping to introduce the standards, governance and technology to support distributed ledger implementations.

DTCC has also joined the Linux Foundation, a nonprofit organization enabling mass innovation through open source, to support a new venture known as the Hyperledger project, a collaborative effort to advance the Blockchain technology. This relationship will enable DTCC to play a leading role in creating the governance and standards for the technology and ensure it is open source and based on collaboration.

For more information on distributed ledger technology and updates on DTCC’s progress with this emerging technology, go to http://www.dtcc.com/blockchain.

About DTCC

With over 40 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From operating facilities, data centers and offices in 16 countries, DTCC, through its subsidiaries, automates, centralizes, and standardizes the post-trade processing of financial transactions, mitigating risk, increasing transparency and driving efficiency for thousands of broker/dealers, custodian banks and asset managers worldwide. User owned and industry governed, the firm simplifies the complexities of clearing, settlement, asset servicing, data management and information services across asset classes, bringing increased security and soundness to the financial markets. In 2014, DTCC’s subsidiaries processed securities transactions valued at approximately US$1.6quadrillion. Its depository provides custody and asset servicing for securities issues from over 130 countries and territories valued at US$64 trillion. DTCC’s global trade repository maintains approximately 40 million open OTC positions and processes roughly 280 million messages a week.  To learn more, please visit http://www.dtcc.com or follow us on Twitter @The_DTCC.

Contacts:
Amanda Richter, DTCC
+1-813-470-1654
arichter@dtcc.com

Emma Cullen-Ward, One Profile
+61-2-8915-9900
emma@oneprofile.com.au

Sherman Ko, Ryan Communication
+852-6101-0487
sherman@ryancommunication.com

Melissa Rowling, Greentarget
+44-(0)20-7324-5490
melissa.rowling@greentarget.co.uk

Audra Tiner, Articulate Comms
+1-212-255-0080
atiner@articulatecomms.com

Source: The Depository Trust & Clearing Corporation (DTCC)

Written by asiafreshnews

January 26, 2016 at 3:03 pm

Posted in Uncategorized

Nicholas Tse Joins Forces with Digital Domain to Create a “Greater China Hollywood”

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HONG KONG /PRNewswire/ — Digital Domain Holdings Limited (DDHL, the “Company” or “Digital Domain; SEHK stock code: 547), the parent company of Digital Domain 3.0 Group, announced on 25 January 2016 that the Company plans to acquire 85% equity interest in Lucrative Skill Holdings Limited, the parent company of Post Production Office Limited and its subsidiaries (“PO Group”), a group of companies established by an international celebrity Nicholas Tse in 2003.

By introducing the latest dynamic streaming technologies from Hollywood, the two companies will jointly tap into the media, entertainment and technology industry including visual special effects (“VFX”), computer graphics (“CG”), virtual reality (“VR”), 360 panorama video recording and virtual human in the Greater China region and develop Digital Domain’s foothold in the region. Upon completion of the acquisition, Nicholas Tse will lead and bring Digital Domain to create a new “Hollywood” in the Greater China region.

As a leader in the media, entertainment and technology industry worldwide, Digital Domain has made outstanding achievements across various areas including VFX, CG, VR, 360 panorama video recording and virtual human. Having been involved in the creation of VFX and CG for more than 250 movies including Titanic, The Curious Case of Benjamin Button, Iron Man 3, the Transformer series and Furious 7, the Company has put itself in a leading position in this sector as a nine-time Oscar winner and looks to expand its VR, 360 panorama video recording and virtual human businesses based on the solid foundation of its core operation.

In another illustration of the Company’s dedication to achieving its goal, it had earlier acquired Immersive Ventures Inc., a Canadian and US based leading technology solution and hardware provider pioneering in 360 captures, dynamic streaming and interactive media technology. The proposed acquisition of PO Group is an important step taken by the Company to achieve its objectives. With PO Group’s extensive network and valuable talents in theGreater China region, as well as Mr. Tse’s leadership, Digital Domain intends to establish a leading position in theGreater China and Asia Pacific region.

VR’s increasing popularity is evident with more and more renowned international technology companies engaging into the market. With its strong foothold as a leading content provider, DDHL is standing in a unique position to quickly establish itself as a global provider of VR content.

Once headquartered in Hong Kong and with regional offices in Beijing and Shanghai, PO Group is a leading post-production service provider founded by Nicholas Tse in 2003, which is principally engaged in the provision of post-production services for advertisements, drama movies, TV shows, music videos, internet and mobile application content, and visual effects of corporate events.

PO Group has set up a comprehensive VFX and CG production house in Beijing and Shanghai for large budget VFX-intensive movies. Its cutting-edge post-production technology has earned great acclamation across the advertising sector and helped PO Group build up a core client portfolio consisting of Apple Computer, HSBC, Standard Chartered Bank, Cheung Kong Holdings, Canon, Sony, Coca Cola, McDonald’s, Mercedes Benz, BMW, Panasonic and other international brands and enterprises.

Digital Domain made this encouraging announcement in a ceremonious toasting event held at JW Marriott Hotel Hong Kong, where a showroom exhibiting top-notch products that feature VR technology as well as cinematographic VFX and CG technology was set up for tryout by journalists with the theme of “It’s VeRy Big. It’s VeRy Near”. Many journalists used the event as an opportunity to ask a number of questions and test the latest technology for VR, VFX and CG.

“Both PO Group and Digital Domain seek perfection when it comes to VFX, CG and post production techniques, and we both have earned great recognition and reputation in the industry, and this is the reason that brings us together,” said Mr. Seah Ang, Daniel, the executive director and chief executive officer of Digital Domain,during the event. “We think the extensive network and international client base as well as valuable talents that PO Group has established in the Greater China region is crucial for our plan to enter the Greater China market.

In the future, when we expand into the Greater China and Asia Pacific market, PO Group will be able to benefit from Digital Domain’s Hollywood-standard technology and Digital Domain will be able to benefit from the extensive operation experience and local talents of PO Group in the Greater China region. This is definitely a win-win situation for PO Group and Digital Domain.”

Mr. Nicholas Tse, the founder and chief executive officer of PO Group, said“there are indeed ample business opportunities in the Greater China region, especially for the media, entertainment and technology businesses which have been very popular there in the recent years. Focusing on Hong Kong in its early years, PO Group has later set up regional offices in Beijing and Shanghai, and the expansion of our business by leaps and bounds can speak for itself.

With such a huge audience base, the demand for the film, TV, media and entertainment industry is keen in theGreater China region. After over a decade of relentless efforts, PO Group has already established a solid foundation both in Hong Kong and the Mainland China. In the future, PO Group will turn over a new leaf and continue to give full play to its capabilities in the media, entertainment and technology industry in the Greater China and Asia Pacificregion.”

About Digital Domain

Digital Domain Holdings Limited (HKEx stock code: 547) is a diversified investment holding company with its operating and investment businesses spanning Hong Kong, the United States, Canada, Mainland China and other countries, encompassing such businesses as media, entertainment, visual effects production, co-production of movies, property investment, trading, etc. In July 2013, the Group acquired Digital Domain 3.0 Group comprising Digital Domain 3.0, Inc., Digital Domain Productions 3.0 (BC), Ltd. and Mothership Media, Inc. Digital Domain 3.0 Group has a history of about 20 years and has manifested itself as the leading digital production company. As one of the biggest VFX service providers in the US media industry, it is mainly engaged in the production of VFX, animations and movies.

In December 2015, the Company acquired further shareholding interest in Immersive Ventures Inc. (“IMV”) and IMV becomes an indirectly owned subsidiary of the Company.  IMV is principally engaged in the business of interactive media technology including 360 captures, multi-camera stitching, dynamic streaming, digital live optimization, multi-camera and multi-input synchronization, digital transmission and observation, multi-channel, capturing multi-panoramic views, camera to image identification, internal GPS to capture data capturing.

About PO Group

Post Production Office Ltd. was established in 2003 by Mr. Nicholas Tse. With state-of-the-art offices in Shanghaiand Beijing, PO provide one-stop services, including On-line, Off-line, Color Grading, Animation, Visual Effects and Sound Dubbing. The unique production model paves the way for the group to establish itself as leader in the industry.

Source: Digital Domain Holdings Limited

Related stocks: HongKong:0547

Written by asiafreshnews

January 26, 2016 at 2:53 pm

Posted in Uncategorized