Majority of Singaporean workers are unhappy with benefits packages.

SINGAPORE, Nov. 2, 2023 /PRNewswire/ — A new survey revealed that 80% of organisations in Singapore have found hiring ‘very’ or ‘quite’ competitive in 2023. 39% have lost out on hiring new talent in the last six months as they ‘can’t compete on salary and benefits’, and 44% expect ‘lack of skilled candidates available’ to be their greatest 2024 recruitment challenge.

Despite this, the research, conducted by global talent services company Morgan McKinley as part of its 2024 Salary Guide, found that 43% of Singapore businesses still plan to hire in the next six months.

On the candidate side, 41% of professionals in Singapore plan to actively look for new jobs in the next six months. The survey also revealed that Singaporean workers were not happy with the benefits they received: 63% being ‘neutral’, ‘dissatisfied’ or ‘highly dissatisfied’ with their packages. The top five desired benefits Singaporean workers look for in a job are: Bonus, work from home, flexible working hours, health and wellbeing support, and health insurance.

‘Higher salary’ remains the most valued reason for wanting to move jobs at 43%, followed by ‘career growth and development opportunities’ at 14%. 60% of professionals in Singapore are optimistic that they will receive a salary increase in 2024 and 72% of employers plan to increase salary offers in 2024 for certain in-demand roles.

Gurj Sandhu, Managing Director of Morgan McKinley Singapore, commented: "Global markets have been challenging in 2023. After two years of double-digit GDP growth, companies are understandably tightening the purse strings and being strategic with their hiring strategies."

"Despite a significant slowdown in hiring from the post-pandemic highs in Singapore, recruitment for top talent is still happening – but it has been difficult. Apprehension from jobseekers, the widening skills shortage due to international talent leaving the region, and increased hiring process length deterring candidates each played a role in this."

Sandhu concluded: "In a difficult market where headcount may be reducing and workload per person is increasing, employee engagement and togetherness is key. It’s important you understand your people – their career goals and aspirations – to keep them engaged."

"When the employment market improved in 2021, we saw a lot of movement, often referred to as the ‘Great Resignation’. Only time will tell whether we see a boom like this in 2024, however, if employees are not taken care of now, they will let this be known with their feet."

The Morgan McKinley 2024 Salary Guide presents up-to-date and accurate salary data for a wide range of roles across Singapore, providing hiring managers with industry benchmarks when they are working out what to pay employees and giving professionals more visibility over what they can earn.

Research from 650 businesses and 3,400 professionals was conducted to find out what companies’ hiring intentions are for 2024, what the key motivators are for changing jobs, and what the expectations are for movement on salaries.

For the Morgan McKinley Singapore 2024 Salary Guide, visit: 
https://www.morganmckinley.com/sg/salary-guide  

About Morgan McKinley

Morgan McKinley is a global talent services expert, offering the full spectrum of solutions to meet employers’ and jobseekers’ needs. With 19 offices in 10 countries and nearly 1000 employees, it provides 3 distinct solutions for customers. Morgan McKinley Recruitment Solutions encompassing deep expertise across 10 professional disciplines offering temporary, contract and permanent recruitment; Morgan McKinley Executive Search for targeted C-Suite talent searches; and Morgan McKinley Talent Solutions including RPO, MSP, Project Recruitment and more.

Morgan McKinley is part of Org, a more human kind of professional services company that harnesses the power of talent to bring better business outcomes for clients across the world through advisory, managed services and talent services.

https://www.morganmckinley.com

Source : Employers in Singapore face fierce competition for talent as workers seek higher salaries and better benefits

>

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

Hyundai Motor Group to launch large-scale outdoor advertisement in Paris throughout November to support Busan’s bid for 2030 World Expo Digital advertisement captures vibrant designs featuring iconic Busan symbols like seagulls and Gwangan Bridge, along with message "BUSAN is Ready" Approximately 270 digital screens to be displayed in high-traffic locations all over Paris

PARIS and SEOUL, South Korea, Nov. 2, 2023 /PRNewswire/ — Hyundai Motor Group (the Group) is ramping up efforts in the final stage of appealing Busan’s bid to host the 2030 World Expo, a candidate city, by unveiling large-scale outdoor advertisement in Paris, France, where the Bureau International des Expositions (BIE) is headquartered.

Hyundai Motor Group’s 2030 Busan Expo advertisement is being displayed in Paris

The Group revealed that it had initiated a final push to secure the 2030 World Expo in Busan by displaying outdoor advertisement in partnership with leading Korean graffiti artist ‘JAY FLOW.’ The ad will adorn approximately 270 digital screens in prominent Parisian urban zones and shopping centers throughout November.

The digital outdoor advertisement captures vibrant designs featuring iconic Busan symbols like seagulls and the Gwangan Bridge, along with the message ‘BUSAN is Ready,’ conveying the city’s readiness to host the 2030 World Expo. The Group also highlights Busan’s commitment to hosting a carbon-neutral World Expo by featuring the IONIQ 5, its dedicated electric vehicle, in the videos.

The Group plans to operate advertisement on digital screens in Parisian landmarks with high-traffic locations, such as Terne district, Gare Saint-Lazare and La Défense, to foster a positive consensus on Busan’s bid.

Last month, the group actively promoted Busan as a candidate city for the World Expo to not only key officials from BIE member countries but also tourists from around the world who visited Paris during the Busan Expo Symposium and K-POP concert, utilizing specially designed art cars.

Furthermore, the Group has created over 90 innovative content pieces, including social media-friendly short-form videos and infographics, to market Busan as the perfect host city. In particular, the promotional video "Busan Initiative with the Whole World" released by the Group last month for attracting the Busan Expo has surpassed 100 million views in just 17 days since its release, contributing to showcasing the strong determination of Busan as a host city.

More information about Hyundai Motor Group can be found at:
http://www.hyundaimotorgroup.com or Newsroom: Media Hub by Hyundai, Kia Global Media Center (kianewscenter.com), Genesis Media Center.

Source : Hyundai Motor Group Draws Attention to Busan's Bid for 2030 World Expo with Large-Scale Outdoor Advertisement in Paris

>

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

Majority of workers in Hong Kong are unhappy with benefits packages.

HONG KONG, Nov. 2, 2023 /PRNewswire/ — A new survey revealed that 73% of organisations in Hong Kong have found hiring ‘very’ or ‘quite’ competitive in 2023. 91% have lost staff members in the last six months, with half selecting ‘salary’ as the main reason for their departures.

Despite this, the research, conducted by global talent services company Morgan McKinley as part of its 2024 Salary Guide, found that 55% of businesses still plan to hire in the next six months.

On the candidate side, 47% of professionals in Hong Kong plan to actively look for new jobs in the next six months. The survey also revealed that Hong Kong workers were not happy with the benefits they received: 76% being ‘neutral’, ‘dissatisfied’ or ‘highly dissatisfied’ with their packages. The top five desired benefits workers in Hong Kong look for in a job are: Bonus, work from home, health insurance, flexible working hours, and health and wellbeing support.

‘Higher salary’ remains the most valued reason for wanting to move jobs at 60%, followed by ‘career growth and development opportunities’ at 13%. 57% of professionals in Hong Kong are optimistic that they will receive a salary increase in 2024 and 47% of employers plan to increase salary offers in 2024 for certain in-demand roles.

Rob Sheffield, Managing Director of Morgan McKinley Hong Kong & Mainland China, commented:  "In 2023, businesses assessed their hiring needs after sustained activity in recent years. Vacancy and job seeker volumes have held steady, but hiring has been slow despite modest expectations of both headcount and salary increases."

"What continues to be in high demand is the need for experienced contractors and outcome-based consulting, which has increased noticeably in Hong Kong. The need to support business-critical programmes and time-sensitive roles is driving this demand."

Sheffield concluded: "In the current environment, employee retention is going to be key. Whilst competitive salaries are important to attract talent, it doesn’t always correlate with retaining employees. You need to also offer comprehensive benefits, have a slick hiring process, create a positive candidate experience, provide flexibility in working patterns and encourage professional development."

"Whilst caution is likely to continue impacting the hiring market, and a range of flexible resourcing strategies adopted, early 2024 could see some loosening up in headcount budgets as markets recover."

The Morgan McKinley 2024 Salary Guide presents up-to-date and accurate salary data for a wide range of roles across Hong Kong, providing hiring managers with industry benchmarks when they are working out what to pay employees and giving professionals more visibility over what they can earn.

Research from 650 businesses and 3,400 professionals was conducted to find out what companies’ hiring intentions are for 2024, what the key motivators are for changing jobs, and what the expectations are for movement on salaries.

For the Morgan McKinley Hong Kong 2024 Salary Guide, visit: 
https://www.morganmckinley.com/hk/salary-guide

About Morgan McKinley

Morgan McKinley is a global talent services expert, offering the full spectrum of solutions to meet employers’ and jobseekers’ needs. With 19 offices in 10 countries and nearly 1000 employees, it provides 3 distinct solutions for customers. Morgan McKinley Recruitment Solutions encompassing deep expertise across 10 professional disciplines offering temporary, contract and permanent recruitment; Morgan McKinley Executive Search for targeted C-Suite talent searches; and Morgan McKinley Talent Solutions including RPO, MSP, Project Recruitment and more.

Morgan McKinley is part of Org, a more human kind of professional services company that harnesses the power of talent to bring better business outcomes for clients across the world through advisory, managed services and talent services.

https://www.morganmckinley.com

Source : Hong Kong employers struggle with talent attrition due to financial factors

>

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

To Strengthen Overseas Brand Awareness

Through Sports Marketing to Expand Global Business

Globally popular football club based in Paris, France where Lee Kang-In, South Korea’s beloved football player, is playing. CEO Jinsoo Hur: "We will deliver greater enjoyment and value through collaboration between the food culture and sports, with Paris as motif".

PARIS and SEOUL, South Korea, Nov. 2, 2023 /PRNewswire/ — Paris Baguette announced on November 2, 2023 that it is embarking on its first journey in global sports marketing by becoming the first Korean company to enter into an official partnership with Paris Saint-Germain, one of the most successful football clubs in the world.

At Parc des Princes located in Paris, CEO Jinsoo Hur of the Paris. Baguette HQ and Chief Revenue Officer Marc Armstrong of Paris Saint-Germain pose for a photo after signing the official sponsorship agreement.

At Parc des Princes located in Paris, Paris Baguette and Paris Saint-Germain signed sponsorships agreement with the message ‘안녕(AnNyeong, Hi), Paris Baguette’. From left, YeonJeong Kim, Vice President Marketing of Paris Baguette HQ ; Jinsoo Hur, CEO at Paris Baguette HQ ; Marc Armstrong, Chief Revenue Officer at Paris Saint-Germain ; Sebastien Wasels, Managing Director at Paris Saint-Germain APAC.

Parc Des Princes stadium branded by Paris Baguette and of Paris Saint-Germain

Growing as a global bakery brand by operating about 4000 stores globally, including 500 in North America, Europe, China, and Southeast Asia, Paris Baguette plans to strengthen its global brand awareness and status by conducting sports marketing activities with Paris Saint-Germain, a professional football club with a large fanbase across the world and based in Paris, the home of bread and a football powerhouse.

In particular, Paris Saint-Germain is receiving great attention and love from global football fans with its world-famous star players and innovative collaborations in fashion, gastronomy, art, etc. Paris Baguette will utilize this partnership with Paris Saint-Germain to bring a positive and impactful outcome to its marketing strategy. 

Paris Baguette will capitalize on the partnership with Paris Saint-Germain by carrying out a range of marketing activities in Korea and internationally, starting this month.

First, the Paris Baguette logo and advertising video will be exposed in Parc des Princes, the home stadium of Paris Saint-Germain, during every home game of the team. The company will also provide local fans with an opportunity to experience its bakery products and desserts on matchdays. In addition, Paris Baguette will produce powerful content with key players of Paris Saint-Germain, release collaboration-based merchandise and products, and hold promotional events to give away tickets to attend official tours and matches of Paris Saint-Germain.

Marc Armstrong, Chief Revenue Officer, Paris Saint-Germain, said: "We are very pleased to welcome Paris Baguette, our first ever partner from South Korea to the Paris Saint-Germain family. For more than 35 years, Paris Baguette has consistently innovated and developed their unique know-how around an unconditional love for the globally inspiring city of Paris and the legendary baguette. Together, we are now ready to help Paris Baguette export its pursuit of excellence internationally, and we are proud to be able to accompany them in their global growth plans."

Jinsoo Hur, CEO, Paris Baguette, said: "We are pleased to enter into a partnership with the prestigious football club Paris Saint-Germain. We will be able to deliver greater enjoyment and value to our customers and football fans across the world through collaboration between the food culture and sports based on Paris, a magnificent city, as motif. Moving forward, Paris Baguette will continue striving to provide customers with newer and more diverse experiences." 

Source : Paris Baguette Enter into Official Global Partnership with Paris Saint-Germain

>

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

ECW urges more public and private sector donors to join efforts to support children in Gaza with life-saving mental health and psychosocial services and protective learning opportunities.

NEW YORK, Nov. 2, 2023 /PRNewswire/ — With innocent children bearing the brunt of the catastrophic humanitarian situation in Gaza, Education Cannot Wait (ECW) today announced an initial US$10 million First Emergency Response grant to urgently support mental health and psychosocial services and protective learning opportunities for crisis-affected girls and boys, and generate global funding support for innocent children whose mental health and education during their formative years is at massive risk.

All activities through this new grant will be delivered through the UN system to ensure alignment with humanitarian principles and accountability to affected populations. Funding will be strictly managed and utilized by UN agencies only.

As of 30 October, over 3,400 children have reportedly been killed, 6,300 injured and over 220 schools have been damaged or destroyed in Gaza since 7 October. More than 1.4 million people, a majority of whom are children, have been displaced – with at least half living in overcrowded and unsanitary shelters with limited clean water, food or medicines.

"The scale of horrors and adversity endured by the children in Gaza for nearly four weeks is unfathomable. I have seen much human suffering over the past three decades, but never thought we would see anything of this intensity in our lifetime. Working together with UN organizations on the ground, we must immediately provide girls and boys with the mental health and psychosocial support and protective learning environments they desperately need now. Our independent, humanitarian partners on the ground have the capacity to deliver now. This support is absolutely crucial to help them cope with the severe trauma and stress they are experiencing," said Yasmine Sherif, Executive Director of Education Cannot Wait, the UN global fund for education in emergencies and protracted crises.

"I call on all public and private donors to join our efforts as much more funding is urgently required to meet the immense needs of the 1.1 million children and adolescents impacted by the ongoing war," she said.

The ECW grant will be delivered by globally respected, proven and credible UN organizations actively present and working together in Gaza: UNRWA and UNICEF. They are ready to provide education interventions focusing on mental health to promote the safety and well-being of innocent and deeply scarred children, heroic teachers and other education personnel. This naturally emphasizes psychosocial support to address their soul-shattering, heartbreaking suffering and to ensure connection to urgently needed protection services including access to health, nutrition and food.

"The children in Gaza have gone through hell and have paid an unprecedented price in this brutal conflict. Psychological support and education offer children the opportunity to tap into their extraordinary resilience and hold on to hope. Together, let us ensure that every child in Gaza has the chance to learn, to dream and to build a better future. They deserve nothing less. Thank you for standing in solidarity with Gaza’s children," said UNRWA Commissioner-General Philippe Lazzarini.

Initial assessments show that over 90% of children in Gaza are demonstrating acute signs of stress and trauma as a result of what they are witnessing and suffering through – an unimaginable horror – and the crisis is also impacting the wellbeing of teachers and other educational workers and humanitarians. "In addition to calling for massive additional funding, ECW urges respect for the UN Charter and international humanitarian law, universal human rights and calls for an immediate humanitarian ceasefire," said Sherif.

All education facilities in Gaza are closed – and many are being used as shelters and are not safe due to damage inflicted by airstrikes in the ongoing conflict. In all, the education of over 625,000 students has been brutally interrupted. Disruption to schooling has increased the risk of severe post-traumatic stress disorder. Orphaned children are particularly susceptible to these risks. Without parents, who shall console them during their darkest hours?

Women and children account for the majority of those killed; meanwhile, the conflict has also increased risks of gender-based violence for girls and women.

All activities through this new grant will be delivered through the UN system to ensure alignment with humanitarian principles and accountability to affected populations. Funding will be strictly managed and utilized by UN agencies only. ECW is also working with the Global Partnership for Education (GPE) in coordinating efforts to mobilize additional financial support for locally identified education needs.

The UN and partners are appealing for US$294 million to address the most urgent needs of 1.26 million people in Gaza and the West Bank for three months. So far, a third of the total has been pledged. UNRWA is urgently seeking $104 million to cover urgent food, non-food, health, shelter and protection needs for persons seeking safety in UNRWA shelters across the Gaza Strip and another 250,000 Palestine refugees within the community.

At ECW, we urgently call for top-ups and additional funding to support our independent, reliable and credible partners in-country to work together in alleviating abnormal human suffering for 1.1 million young innocent children and adolescents during their most formative years – years that will determine their future and that of the world.

Source : Gaza Humanitarian Response: Education Cannot Wait Announces US$10 Million First Emergency Response Grant

>

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

100% End-to-End Supply Chain Digitalization is Now Possible with Proven Network Orchestration Capability

BOSTON, Nov. 2, 2023 /PRNewswire/ — TraceLink Inc., the leading digital network platform company enabling end-to-end product orchestration by connecting more than 291,000 healthcare and life sciences entities through its B2N Integrate-Once™ network, is proud to announce that its Multienterprise Information Network Tower (MINT) solution has been honored with a prestigious 2023 Pharma Innovation Award. The Pharma Innovation Awards, presented annually by Pharma Manufacturing, celebrate groundbreaking technologies that contribute to advancements in quality, efficiency, and risk reduction within the pharmaceutical manufacturing sector.

2023 Pharma Innovation Awards

The Pharma Innovation Awards are a testament to the commitment of vendors serving the pharmaceutical community in developing and enhancing their products to meet the evolving needs of the industry and its customers. TraceLink MINT has been recognized as a standout innovation, alongside esteemed companies such as Thermo Fisher Scientific and SCHOTT Pharma.

MINT is at the forefront of digital transformation in the pharmaceutical supply chain. Through an innovative Business-to-Network Integrate Once™ technology, partner onboarding capability, and innovative pricing model, MINT democratizes the ability of pharmaceutical companies and any other member of the pharma/healthcare supply chain to digitalize their end-to-end supply chains. Leveraging the extensive TraceLink network, MINT facilitates the seamless exchange of any B2B transaction type with all supply chain partners. By enabling full visibility and information exchange across external manufacturing, procurement, logistics, commerce, and other key business activities, business leaders acquire the real-time supply chain information they need to make actionable decisions to reduce costs, enhance service levels, and ensure high-quality product availability.

Signature Differentiators of TraceLink MINT:

100% integration of partners into the network through B2N Integrate-Once™ model Real-time supply chain information seamlessly integrated into ERP systems No one-time or ongoing cost for onboarding partners Orchestration capabilities for MAH-CMO, MAH-3PL, and many other supply relationships Affordable, fixed-fee subscription per partner with no fees based on data volumes No-risk, freemium pricing tier to get started with a partner quickly

"We are very proud to receive the 2023 Pharma Innovation Award for MINT," said Shabbir Dahod, President & CEO at TraceLink. "This recognition reaffirms our commitment to advancing pharmaceutical supply chain technologies, ultimately contributing to ensuring that lifesaving medicines are delivered safely and securely to those that need them most. We are grateful to the entire TraceLink team for its dedication and to the Pharma Manufacturing team for acknowledging our efforts."

The Pharma Innovation Awards will be showcased in detail in Pharma Manufacturing’s November issue, where readers can learn more about the winning technologies and their impact on the pharmaceutical industry.

To learn more about MINT, join our upcoming webinar, "Simple, Fast, and Cost Effective: Proven Supply Network Integration to Exchange Data with 100% of Your Suppliers and Customers," on Wednesday, November 8th at 11:00 am EST.

For the full list of winners visit: https://www.pharmamanufacturing.com/home/article/33012134/pharma-manufacturing-announces-the-2023-pharma-innovation-award-winners

About TraceLink
TraceLink is a leading provider of digital supply chain solutions that deliver unprecedented visibility, enabling companies to protect patients, ensure compliance, and optimize their supply chain operations. The TraceLink cloud-based platform provides a single point of information sharing and collaboration for all supply chain partners, leveraging advanced analytics and machine learning to drive actionable insights. With TraceLink, businesses can achieve end-to-end supply chain visibility and forge stronger connections with their partners, ensuring the availability and integrity of lifesaving medications for patients worldwide.

Source : TraceLink MINT Wins 2023 Pharma Innovation Award: 100% End-to-End Supply Chain Digitalization is Now Within Reach

>

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

DENVER, Nov. 2, 2023 /PRNewswire/ — Lumen Technologies (NYSE: LUMN) closed the sale of its European, Middle Eastern, and African (EMEA) business to Colt Technology Services, headquartered in London, for $1.8 billion cash. This transaction represents an attractive multiple (~11x) for Lumen’s EMEA business and delivers significant value to Lumen’s stakeholders.

ColtTransaction_1920x1080_CopyRevision_V1_231031__1__ID_4fc61599bfb0

"We’re excited about what this transaction does for our customers and for Lumen," said Kate Johnson, Lumen CEO. "Our focus on building deep relationships with strategic partners allows us to simplify our business while delivering a seamless networking experience for our multinational customers. Through our strong relationship with Colt, both companies are well positioned for future growth."    

Lumen will remain a key strategic partner for Colt’s customers’ needs in North America. The Lumen network remains one of the largest, most deeply peered in the world. A small team of talented Lumen employees will continue to support operations in EMEA.

Visit here for more information on today’s announcement.

Additional Resources: 

Lumen Enters into Agreement Regarding Divestiture of EMEA Business to Colt Technology Services for $1.8B Nov. 2, 2022 News Release

About Lumen Technologies:
Lumen connects the world. We are igniting business growth by connecting people, data, and applications – quickly, securely, and effortlessly. Everything we do at Lumen takes advantage of our network strength. From metro connectivity to long-haul data transport to our edge cloud, security, and managed service capabilities, we meet our customers’ needs today and as they build for tomorrow. For news and insights visit news.lumen.com, LinkedIn: /lumentechnologies, Twitter: @lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies, and YouTube: /lumentechnologies. 

Forward Looking Statements:
Except for historical and factual information, the matters set forth in this release include forward-looking statements (as defined by the federal securities laws), which are subject to the "safe harbor" protections thereunder. These forward-looking statements are not guarantees of future results and are based on current expectations only, are inherently speculative, and are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control. Actual events and results may differ materially from those anticipated, estimated, projected or implied by us in those statements. Factors that could affect actual results include, but are not limited to, the possibility that the anticipated benefits from the transaction and strategic relationship will not be fully realized in the manner contemplated; the possibility that it may be more difficult than anticipated to segregate our divested business from our other businesses; the possibility that our aggregate net after-tax transaction proceeds may be less than anticipated; and other risks referenced from time to time in our filings with the U.S. Securities and Exchange Commission. We undertake no obligation to publicly update or revise for any reason any of our forward-looking statements, which speak only as of the date made.

Source : Lumen Completes Sale of EMEA Business to Colt Technology Services for $1.8B

>

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

MELBOURNE, Australia, Nov. 2, 2023 /PRNewswire/ — ShareRing, a true self-sovereign digital identity blockchain Australian company, proudly announces its achievement as one of the first in the industry to be accredited under the "Digital Identities and Attributes Trust Framework" (DIATF) in the United Kingdom. This accomplishment marks a significant advancement in ShareRing’s technology and reaffirms the company’s commitment to reusable digital identity authentication in a secure and private environment.

By securing the accreditation, ShareRing can now offer its digital identity solution for digital ID authentication, with the addition of ID verification for land registry purposes in the UK.

ShareRing’s digital identity technology gives businesses an end-to-end solution to prove their customers’ identities across many different industries, whether it’s for financial KYC and customer due diligence (CDD), age and ID verification, venue and guest management, or corporate identity management. Businesses would manage their digital identity needs through a web-based platform, whilst their customers create and control their reusable digital ID through the Identifi Me app, where they have complete sovereignty over their personal information.

The DIATF is overseen by UK government authorities and is a comprehensive framework for establishing trusted and secure digital identity ecosystems. It defines robust standards, principles, and requirements that accredited companies, like ShareRing, must meet to guarantee the integrity, privacy, and reliability of user data, while minimizing the risk of identity fraud and cyber threats.

"Digital identities are pivotal to removing friction from our everyday lives, and drastically improve operational efficiency across all businesses," said Tim Bos, Founder of ShareRing. "The UK leads the way in digital ID regulation, and with the accreditation, ShareRing can confidently partner with public and private sectors in Australia and the UK."

ShareRing’s self-sovereign identity solution is built with blockchain technology (Tendermint PoS and Cosmos SDK) and establishes a tamper-proof ecosystem for businesses and individuals. Unlike traditional identity systems vulnerable to breaches and fraud, ShareRing’s solution ensures that personal data is verified and remains under the user’s control, only shared with third parties when necessary and with explicit consent. Over the past year, ShareRing has partnered with multiple private sector businesses in Australia and overseas, replacing conventional KYC and customer authentication processes with reusable digital identities. ShareRing will continue to establish partnerships with Australian and UK investment funds, nightlife and F&B venues, and hotels, to help safeguard these businesses from identity fraud whilst improving operational processes and lowering costs.

To learn more about ShareRing and its digital identity solution, please visit https://sharering.network/blog/sharering-achieves-accreditation-under-the-uk-digital-identities-and-attributes-trust-framework-diatf

For media inquiries, please contact:
Jonathon Liu
VP of Marketing
ShareRing
[email protected]

About ShareRing (AUS)

ShareRing, founded in 2019, is a blockchain technology company in the digital identity industry. Our mission is to remove friction from conventional business operations and individual user digital experiences, through the use of verified digital IDs. By creating truly self-sovereign environments, our solution significantly reduces business risks associated with cyber threats and protects individuals against the misuse of their personal information. ShareRing is accredited under the UK’s digital identity trust framework to provide digital ID services.

Source : ShareRing Certified In The UK As A Trusted Digital Identity Services Provider

>

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network