Category: Asean

ING is utilizing Quantexa’s Decision Intelligence Platform to gain a 360-degree view of customer data, identify risk, and continue advancing their world-class customer experiences

LONDON, May 10, 2023 (GLOBE NEWSWIRE) — Today Quantexa, a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced that ING is deploying Quantexa’s platform to strengthen its risk detection and investigative efforts. Being a global bank serving 37 million customers, corporate clients, and financial institutions in 40 countries, ING is determined to protect its customers and fight financial crime.

Using AI and advanced graph analytics capabilities provided by Quantexa’s platform, ING’s investigative teams are focused on developing more effective and efficient global Know Your Customer (KYC) and Anti-Money Laundering (AML) measures. By connecting customers and counterparties, the platform creates context and uncovers complex networks. This further automates the first line defence processes.

ING selected Quantexa’s platform for its ability to aid in the analyzation of internal transaction data and to incorporate external data, to complete a 360-degree view of customer base risk. Early 2023 ING and Quantexa completed a successful first implementation for Trade Finance in Hong Kong and Singapore.

ING and Quantexa are now working on a global rollout with expanded efforts in Financial Markets and Correspondent Banking.

Dan Higgins, Chief Product Officer, Quantexa
“The most effective method to prevent money laundering is by understanding the context underpinning and linking how criminals behave. We are excited to build on our successful track-record of innovation with ING and support them in their mission to improve risk coverage throughout significant global practice areas and their continued effort to be a leader in identifying and combating criminal threats in the banking industry.”

Karim Tadjer, Global KYC lead, ING Group
“At ING, we are committed to the fight against money laundering, economic crime, and continually innovating to ensure the safety and compliance of the bank. We are thrilled to have found a partner with compatible ambitions in Quantexa. By leveraging the contextual insights generated through their platform, we can strengthen our detection models and automate key processes in our KYC and AML measures. This is leading to efficiencies for our investigative teams and improved customer experiences.”

About Quantexa

Quantexa is a global data and analytics software company pioneering Decision Intelligence that empowers organizations to make trusted operational decisions by making data meaningful. Using the latest advancements in big data and AI, Quantexa’s Decision Intelligence platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves major challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.

The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and sixty times faster analytical model resolution than traditional approaches. Founded in 2016, Quantexa now has more than six hundred employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, New York, Boston, Toronto, Malaga, Brussels, Amsterdam, Luxemburg, Singapore, Melbourne, Sydney, and the UAE. For more information, please visit www.quantexa.com or follow us on LinkedIn.

Media Enquiries 
C: Stephanie Crisp, Associate Director and Media Strategist, Fight or Flight
E: Quantexa@fightflight.co.uk

C: Adam Jaffe, SVP of Corporate Marketing
T: +1 609 502 6889
E: adamjaffe@quantexa.com
– or –
RapidResponse@quantexa.com 

GlobeNewswire Distribution ID 1000809187

QUEBEC, May 10, 2023 (GLOBE NEWSWIRE) — LeddarTech^®, an automotive software company that provides innovative low-level sensor fusion and perception ADAS and AD software technology that is scalable and flexible while delivering high performance, today announces its participation as a Silver Sponsor at EcoMotion Week 2023 in Tel Aviv, Israel.

The company, led by its Israeli-based technical experts, will demonstrate its award-winning technology at its booth and offer delegates the opportunity to experience it live on the road in their LeddarCar. In addition, LeddarTech’s CTO will chair a panel at the event.

Visit LeddarTech’s technology showcase featuring LeddarVision, a high-performance, low-cost, scalable, hardware-agnostic low-level sensor fusion and perception solution for automotive and off-road industrial ADAS and AD applications. Witness the software’s high performance at various levels of autonomy in various scenarios, such as extreme weather conditions, via their award-winning demonstration dashboard.

Discover

LeddarVision Front-View (LVF) family of automotive software products addresses the challenges faced when developing Level 2/2+ ADAS applications, such as solving safety issues and finding scalable fusion and perception software that offers high performance at a low cost. These two distinct products are comprehensive low-level fusion and perception software stacks that optimally combine sensor modalities for Level 2/2+ ADAS applications achieving a 5-star NCAP 2025/GSR 2022 rating.

• LeddarVision Front (Entry-Level) (LVF-E): This product pushes the performance envelope, potentially doubling the effective range of the sensors and enabling a solution operable with only three sensors.
• LeddarVision Front (High-End) (LVF-H): With sensor configuration extended to 1V5R based on a single 3-megapixel 120-degree camera and five radars, the LVF-H stack extends the perception support to highway assist applications, including 160 km/h adaptive cruise control, 200-meter range and semi-automated lane change.

LeddarVision Surround (LVS-2⁺) efficiently extends the LVF front-view product family 1VxR sensor configuration to a 5V5R configuration, enhancing support to traffic jam assist (TJA) and highway assist (HWA) applications. It also enables applications such as automated lane change, overtaking and extended speed range adaptive cruise control (ACC).

Ride along: LeddarCar live – Delegates representing automotive Tier 1-2 suppliers and OEMs are invited to reserve an on-road demonstration of LeddarTech’s LeddarVision low-level fusion and perception software technology.

Participate: LeddarTech’s CTO Pierre Olivier will chair a panel entitled “Autonomous Vehicle 360: Use Cases.”

Pre-arrange a meeting for a product demonstration or to experience LeddarCar live.

About EcoMotion

EcoMotion is a dynamic and growing smart mobility community comprising over 650 start-ups and 15,000 community members. EcoMotion is a joint venture of the Israel Innovation Institute (NGO) alongside Israel’s Ministry of Transport and Road Safety and the Ministry of Economy and Industry.

About LeddarTech

LeddarTech, a global software company founded in 2007, develops and provides comprehensive perception software solutions that enable the deployment of ADAS and autonomous driving applications. LeddarTech’s automotive-grade software applies advanced AI and computer vision algorithms to generate accurate 3D models of the environment, allowing for better decision making and safer navigation. This high-performance, scalable, cost-effective technology is available to OEMs and Tier 1-2 suppliers to efficiently implement automotive and off-road vehicle ADAS solutions.

LeddarTech is responsible for several remote-sensing innovations, with over 150 patents granted or applied for that enhance ADAS and AD capabilities. Better awareness around the vehicle is critical in making global mobility safer, more efficient, sustainable and affordable: this is what drives LeddarTech to seek to become the most widely adopted sensor fusion and perception software solution.

Additional information about LeddarTech is accessible at www.leddartech.com and on LinkedIn, Twitter, Facebook and YouTube.

Contact:
Daniel Aitken, Vice-President, Global Marketing, Communications and Investor Relations, LeddarTech Inc.
Tel.: + 1-418-653-9000 ext. 232 daniel.aitken@leddartech.com

Investor relations contact and website: InvestorRelations@leddartech.com
https://investors.leddartech.com/

Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision and related logos are trademarks or registered trademarks of LeddarTech Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

GlobeNewswire Distribution ID 8835234

The annual research list recognizes Floship’s technology’s innovative approach to driving the future of brand-to-consumer

HONG KONG and NEW YORK, May 09, 2023 (GLOBE NEWSWIRE) — Floship, a leading global circular supply chain solutions provider, is pleased to announce that it has been appointed to The Leading 100 List — a highly anticipated annual research list by The Lead that recognizes innovative tech start-ups that are driving the future of brand-to-consumer businesses.

Companies from across the value chain—including marketing, e-commerce, last-mile, and third-party logistics, checkouts, and payments were nominated and considered.

All companies were evaluated and selected using a rigorous methodology including company interviews, nomination forms, and company data. The selection process included a detailed look at each company’s business with a decision-making criterion based on Innovation, Business Impact, Commercialization & Customers, Teams and experience, Competition, Media Buzz, and Investor Value Creation.

Speaking on the selection, Floship CEO Joshua Tsui said, “Floship’s appointment to The Leading 100 List is a tremendous honor. The selection comes at an exciting time in our journey and this acknowledgment underscores Floship’s intelligent technology’s innovative capabilities and the exceptional value that it creates for our clients and their customers. As we look ahead to the next phase of our growth, our technology will remain integral to the rollout of our modular service offering including white-labeling solutions for enterprise organizations and this award confers another level of assurability to our solutions.”

Companies on The Leading 100 List will be honored in an awards ceremony at The Lead Innovation Summit between 12 & 13 July in New York City. The annual summit brings together executives from across the entire fashion, beauty, CPG, and retail innovation community to engage the future of the direct-to-consumer business model.

“I’d like to thank the selection committee and express my congratulations to the other companies selected for The List and look forward to connecting with industry peers in New York,” shared Tsui.

About Floship

Floship’s global circular supply chain ecosystem solutions cover all aspects of the global supply chain, ensuring minimal operation effort for e-commerce businesses, and allowing business owners to concentrate on driving growth with investment flexibility while gaining peace of mind.

Learn more at www.floship.com or follow us on,  LinkedIn,

For more information about Floship, please contact:

James Linacre, PR & Communications Lead

Phone: (+852) 5333 9420

Email: pr@floship.com

GlobeNewswire Distribution ID 8834891

Duck Creek Technologies launches the second edition of the Global Consumer Insurance Insights survey of over 2,000 global consumers, aimed at refining the strategies that bring insurers closer to consumers worldwide

Boston / London, May 09, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has proudly published its second annual benchmark survey, the 2023 Global Consumer Insurance Insights. The survey reveals strong demand from global consumers for humanized insurance purchasing, switching and communication experiences through digital channels.

The 2023 wave of research – which is being launched at the Duck Creek Technologies Formation ‘23 event for customers and partners from May 8-10, was conducted independently by Research in Finance for Duck Creek Technologies and surveyed over 2,000 policyholders across 13 countries, all of whom held at least one insurance policy.

Aimed at refining the strategies that bring insurers closer to consumers worldwide, this year’s survey is more extensive than the inaugural 2022 edition, with more questions and responses from policyholders across more countries. The survey provides insights for carriers, reflecting consumer preferences and awareness of innovation opportunities, purchasing, and communication methods.

Key findings from the survey include:

 

• 93% of consumers are confident they have the proper coverage, irrespective of which channel they used to purchase the insurance policy.
• Once a policy is in place, 44% of consumers prefer human interaction (2022: 35%). At the same time, however, interest in app/WhatsApp usage for buying and switching insurance also increased year-over-year.
• 46% of global consumers are unaware of embedded insurance. Of those who were aware (37%), almost half said they trust it because of product or retailer quality. Those who do not trust it (26%) find embedded insurance unnecessary and expensive. Those who are unsure (29%) require more information, having had little experience with embedded insurance.

The survey reveals significant positives for insurance providers and clearly shows they are getting it right in many areas. However, it also highlights areas where insurers must reflect and improve further – including bolstering global consumer confidence and trust in insurance.

According to Jess Keeney, Chief Product & Technology Officer at Duck Creek, “As the insurance industry continues to evolve, it is crucial for providers to listen to the needs and preferences of their customers. The 2023 Duck Creek Technologies benchmark survey provides invaluable insights into consumer behaviors and trends, highlighting the areas where insurers can maximize accessibility, accelerate speed to market, and differentiate competitively.”

While the survey shows that carriers around the world are responding quickly to consumer demand for more relevant and timely products and services, it also reveals that a significant number of consumers prefer a humanized experience when interacting with their insurance providers. This emphasizes the importance of exploring ground-breaking and varying communication options to meet the needs of diverse customers.

Keeney adds, “It is encouraging to see that despite the challenging economic environment, people are re-evaluating their insurance needs and considering a wider range of products. Mobile and gadget insurance, travel insurance, and embedded insurance are being purchased more frequently than other types of insurance.

Duck Creek’s 2023 survey is a vital resource for insurance providers, offering unique insights into customer perceptions and highlighting the next opportunities for innovation. We urge providers to delve deeply into the results and continue pushing the frontiers of the insurance industry forward.”

Research in Finance Head of Research, Karen Scott, added, “In the insurance industry, listening to consumers is essential for success. As the Global Consumer Insurance Insights Survey 2023 demonstrates, primary research capturing changing behaviors, user feedback, and satisfaction is invaluable to help inform insurance company strategies, new product development, marketing, and communications plans. Insurers now have access to significant data sets to compare year-on-year, creating a true benchmark series of reports we are proud to support. Ultimately, insurers who prioritize listening to and understanding their consumers will come out on top.”

The 2023 Global Consumer Insurance Insights Survey highlights four key calls to action for insurers:

1. Maximize accessibility of insurance products to consumers across channels
2. Accelerate speed to market with the SaaS model
3. Humanize the consumer experience through digital channels
4. Leverage the SaaS ecosystem to differentiate competitively

Download the 2023 Global Consumer Insurance Insights Survey here.

About Duck Creek Technologies
Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and Twitter.

Drake Manning
Duck Creek Technologies
+1 860 877 3609
drake.manning@duckcreek.com

GlobeNewswire Distribution ID 8833259