As digital transformation (DX) continues to transform the financial sector, an information exchange was held to identify solutions and trends for data competitiveness.

SEOUL, South Korea, Oct. 31, 2023 /PRNewswire/ — Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), hosted the Financial DX Meetup at the Conrad Hotel in Yeouido on the October 27. The event was attended by more than 30 key executives and opinion leaders from major commercial banks to share digital transformation trends and data analytics and AI strategies in the financial industry.

Altair Financial DX Meet-up

The event was themed "Open innovation: Innovation with data," and began with a welcome speech by Byunghee Choi, director of data analytics division, Altair Korea. The first presentation was given by Jinhyung Yang, director at PricewaterhouseCoopers (PwC), on the topic of "2024 Data Business Trends," which outlined six trends that will drive the year ahead.

Yang highlighted the following trends: accelerating cross-industry data convergence, differentiating ‘Smart Disclosure’ services, real-time data analytics and customer data platforms (CDP), adopting generative AI, expanding the application of big data, and enhancing data literacy. "Enhancing the ability to make data-driven decisions across the enterprise is key to competitiveness," said Yang.

Secondly, Jonghyun Yoon, consultant at Altair Korea, presented "RapidMiner: Fintech trends and changes in data analytics."

"As the adoption of AI and machine learning accelerates in the domestic financial sector, the importance of faster and more sophisticated analytical modelling will increase," said Yoon. "Altair RapidMiner supports no-code-based AutoML capabilities and can significantly improve an organization’s productivity by selecting the optimal modelling method."

Next, Jisu Kim, consultant at Altair Korea, presented "SLC: Unifying data languages to change analytics trends." Kim presented on accelerating the transition to open source in the financial industry. "Altair SLC is a solution that leverages the SAS language syntax and macros without the need a SAS language license, and integrate with open source like R and Python," said Kim.

Finally, Donggun Kim, senior consultant at Altair Korea, presented "Panopticon: Visualization analytics for real-time decision-making."

"Currently, the financial sector is promoting the establishment of customer data platforms (CDP) to provide differentiated customer experiences," said Kim. "Altair Panopticon supports rapid decision-making by dynamically visualizing data collected in real time, such as smart disclosure. It can be seamlessly embedded with existing systems such as customer data platforms to create synergies."

"Beginning with this event, we will hold an annual event for opinion leaders in the banking, financial services, and insurance industries to actively explore various cooperation opportunities with local financial companies," said Songsoo Moon, senior vice president of Asia Pacific, Altair.

Altair works with more than 4,000 banking, financial services, and insurance organizations, including 17 of the world’s top 20 investment banks, and is beginning to penetrate the domestic financial services market. Its flagship data analytics and AI platform, Altair RapidMiner, is used by more than 1.1 million users and 40,000 organizations in more than 150 countries.

About Altair
Altair is a global leader in computational science and artificial intelligence (AI) that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. For more information, visit https://www.altair.com/.

Media contacts 

Altair Corporate                                                                                 

Altair Investor Relations 

Jennifer Ristic                                                                                       

Monica Gould, The Blueshirt Group 

+1.216.849.3109                                                                                 

+1 212.871.3927 

[email protected]                                                             

[email protected] 

Altair Korea 

Iseul Jeong 

+82.10.7339.0740 

[email protected] 

Byunghee Choi, director of data analytics division, Altair Korea

Jinhyung Yang, director at PricewaterhouseCoopers (PwC)

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Source : Altair held Financial DX Meet-up for Financial Industry Undergoing Digital Transformation

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Case management as a service (CMaaS) offering redefines government casework

MCLEAN, Va., Oct. 31, 2023 /PRNewswire/ — Appian (Nasdaq: APPN) announces Appian Case Management for Public Sector, a case management as a service (CMaaS) offering to accelerate and simplify government casework. The solution allows government agencies to rapidly create case management applications that combine dynamic workflow, artificial intelligence (AI), robust case reporting, and compliance with public sector security requirements.

Announcing Appian Case Management for Public Sector, a case management as a service (CMaaS) offering to accelerate and simplify government casework.

Casework is a universal workstyle in government. Each "case" requires a systematic approach from initiation to resolution. It is critical that government organizations have solutions that can easily handle the varying complexities of case management use cases and their organization’s specific needs. Governments require flexible, modern case management tools to provide excellent citizen services and to streamline internal processes efficiently.

Gartner® describes case management as a service "(CMaaS) as an approach to designing and developing cloud-based case management solutions as a set of horizontal products that are modular and interoperable." Built on the AI-powered Appian Platform, Appian Case Management for Public Sector offers a foundation for creating a consistent, upgradeable, modular base for any case management application use case or process. Its composable architecture lets you deliver highly configurable applications in weeks rather than months to improve the experience of both citizens and government employees.

"Appian’s CMaaS capability enabled Deloitte to rapidly configure a case management use case specific to our customer’s needs. Appian Case Management for Public Sector marries the full capability of rapid low-code and industry-leading case management with Deloitte’s government subject matter expertise. We look forward to bringing this solution to our clients and providing great impact for their case management needs," said Jake Edelman, Appian Architect & Practice Lead, Deloitte.

Like all Appian government solutions, this new solution offers government organizations the simplicity and speed of commercial off-the-shelf (COTS) products, with the perfect-fit design of a purpose-built application.

"Appian Case Management for Public Sector allows government agencies to automate and optimize service delivery while providing an exceptional citizen experience," said Jason Adolf, Industry Vice President, Public Sector, Appian. "With CMaaS, we are offering a solution that not only enhances efficiency but also empowers government agencies to adapt and thrive in an ever-changing environment. We are proud to lead the way in redefining how government agencies manage their casework."

Appian solutions come with secure cloud hosting and platform updates, eliminating the need for manual security administration. This solution is available to global government customers and can be deployed in all of our security enclaves, including: FedRAMP, StateRAMP, DoD Impact Level 5, Cyber Essentials Plus (UK), Protected B (Canada), IRAP Protected (Australia), plus many more.

To learn more about Appian Case Management for Public Sector and how it can enable your agency to modernize operations and deliver better outcomes for citizens, visit https://ap.pn/3SBVyJZ.

About Appian

Appian is a software company that automates business processes. The Appian AI Process Platform includes everything you need to design, automate, and optimize even the most complex processes, from start to finish. The world’s most innovative organizations trust Appian to improve their workflows, unify data, and optimize operations—resulting in better growth and superior customer experiences. For more information, visit appian.com. [Nasdaq: APPN]

Follow Appian: Twitter, LinkedIn.

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Source : Announcing Appian Case Management for Public Sector

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VANCOUVER, BC, Oct. 31, 2023 /PRNewswire/ — Wondershare, the industry leader in creativity and productivity solutions, is excited to announce the latest version of its flagship product, Filmora 13. The award-winning video editor has expanded its toolkit with more AI-powered features, dynamic effects and creative assets, offering a robust set of tools for users who want to add value to their content.

"Wondershare Filmora have established itself as a premier video editor catering to users of all skill levels." Shearer Wang, Director of Product Marketing, remarks. "With Filmora 13, we align with the latest video trends driven by AI, empowering a broader range of users, including social media creators, influencers, business owners, marketers and traditional creatives who share the same mission —— to enhance their branded content and streamline the editing journey."

While users of Wondershare Filmora are already familiar with the software’s AI tools, Filmora 13 raises the bar with outstanding new features to enhance productivity and creativity. Notable time-saving features include: 

Productivity: 

AI Copilot Editing: Offers intelligent editing suggestions based on the video content.  AI Text-Based Editing: Transforms videos into text, allowing users to edit them like a document.  AI Vocal Remover: Provides total control to isolate vocals or remove unwanted elements from audio tracks. 

Creativity: 

AI Music Generator: Instantly creates royalty-free music that complements users’ videos.  AI Thumbnail Creator: Captures audiences’ attention with optimized, click-worthy thumbnails.  AI Text-to-Video: Write a prompt, and Filmora will bring the idea to life. 

Within Filmora’s user-friendly interface, Filmora 13 introduces optimized management systems for effects and asset libraries, including: 

A creative assets system for easy access to built-in creative resources.  An AI credit system to ensure all users can get the most out of Filmora 13’s advanced AI-generated content.

In addition to built-in resources and effects, Filmora makes becoming an expert editor easy through the Master Class program. Users can learn advanced editing techniques directly from leading creators for free.

Wade Liu, Vice President of Wondershare, comments, "We’re proud to present a suite that combines imagination and efficiency for our users. With the integration of AI capabilities, we are confident that Filmora 13 will stand out as a versatile and enjoyable tool, bolstering the confidence of content creators across all backgrounds and skill levels."

Compatibility and Pricing 

Wondershare Filmora 13 is available for Windows PC, MacOS, Android, iPhone, iPad, and Tablets. Pricing starts at 29.99 USD. To try it for free, visit filmora.wondershare.com. Follow Wondershare Filmora on YouTube, TikTok, Instagram, and Facebook to learn more.   

About Filmora 

Designed with its users in mind, Filmora features a smooth performance and an intuitive UX/UI design. With advanced AI functions, a creative assets library, media resources, new royalty-free music, 3D LUTs, effects, and pre-set templates, Filmora provides everything you need to perfect your videos and creative vision. 

About Wondershare 

As a globally renowned leader in creativity and productivity solutions, Wondershare is dedicated to making cutting-edge technology accessible to everyone, fostering increased efficiency and creativity. Our commitment to excellence is recognized through prestigious accolades from organizations like The Shorty Awards, G2, and GetApp. With a user base spanning over 100 million individuals across 150 countries, we offer diverse software solutions encompassing video editing, PDF manipulation, data recovery, diagram creation, graphic design, and more.

Source : Experience the AI-Powered Evolution in Video Editing with Wondershare Filmora 13

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An easy, secure and private way to accept contactless payments with only an iPhone and the Zeller App, no additional hardware is required.

MELBOURNE, Australia, Oct. 31, 2023 /PRNewswire/ — Zeller, the Australian fintech reimagining business banking, today enabled businesses using Zeller to seamlessly and securely accept in-person contactless payments using Apple’s Tap to Pay on iPhone contactless payment acceptance technology, and the Zeller App.

Tap to Pay on iPhone and Zeller App

Tap to Pay on iPhone accepts all forms of contactless payments, including, contactless credit and debit cards, Apple Pay, and other digital wallets, using only an iPhone and the Zeller App — no additional hardware or payment terminal is needed.

At checkout, the merchant will simply prompt the customer to hold their contactless credit or debit card, iPhone or Apple Watch to pay with Apple Pay, or another digital wallet near the merchant’s iPhone, and the payment will be securely completed using NFC technology. Tap to Pay on iPhone also supports PIN entry, which includes accessibility options.

Apple’s Tap to Pay on iPhone technology uses the built-in features of iPhone to keep the business’ and customers’ data private and secure. When a payment is processed, Apple doesn’t store card numbers on the device or on Apple servers.

Benefits of Zeller’s Tap to Pay on iPhone offering for business owners include:

No additional hardware or apps required: Business owners can accept contactless payments with only their iPhone and the Zeller App, eliminating the need for a card reader and the hassle of downloading a separate app. Ease of getting started and simplicity of use: They can easily use Tap to Pay on iPhone with the Zeller App. They simply need to log in, enter a payment amount, and have the customer tap their contactless card or smartphone to the merchant’s iPhone. Access industry-leading payment features within the Zeller App: Business owners can enjoy Zeller’s industry-leading payment technology, which includes features like built-in tipping, surcharging, transaction notes, digital receipts, and more. Businesses can also manage their finances, accept contactless payments, open transaction accounts, issue debit cards, and track performance, all from their iPhone. Affordable pricing: One low, flat transaction fee for all cards, including American Express, and no monthly subscription fees. Plus, business owners get their money faster with nightly settlement to their Zeller Account, 365 days a year. Secure contactless payments: Tap to Pay on iPhone ensures fast and secure contactless payments, backed by Zeller’s industry-leading security for the protection of business and customer data.

"Zeller’s launch of Tap to Pay on iPhone is a significant step forward in our mission to simplify financial management for businesses of all sizes. By offering Tap to Pay on iPhone within the Zeller App — our dedicated business super app — we’re offering increased efficiency for our customers, who can accept payments, manage finances, and streamline operations all from their iPhone. This is a game-changer for business owners at every stage," commented Ben Pfisterer, Zeller CEO and co-founder.

Tap to Pay on iPhone enables Zeller customers to use a contactless payment acceptance solution that is easy to set up and use. On an iPhone XS or later running the latest version of iOS, merchants can simply download the Zeller App from the Apple App Store to get started accepting contactless payments within minutes.

For more information on Tap to Pay on iPhone using Zeller, please visit https://www.myzeller.com/zeller-app/tap-to-pay/iphone 

About Zeller

Zeller is reimagining business banking for Australian businesses. Formed in 2020, Zeller enables businesses to accelerate their cash flow through integrated tools to accept payments, manage their finances, and pay recipients fast. Zeller is co-founded by Ben Pfisterer and Dominic Yap, who bring extensive financial services experience from global companies including Square, Visa, NAB, and more. The company is backed by Square Peg, Apex Capital Partners, Addition, Spark Capital, Headline, and Hostplus.

Source : Zeller launches Tap to Pay on iPhone for business owners to accept contactless payments with Zeller iOS App

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NEW YORK, Oct. 31, 2023 /PRNewswire/ — SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), a leading provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation services in China, today announced it closed its previously announced follow-on offering of $21 million of Class A Ordinary Shares, par value $0.0001 per share (the "Ordinary Shares") at a price of $8.18 per share. The Company issued a total of 2,567,238 Ordinary Shares to certain institutional investors. As part of the transaction, the Company issued to the investors certain common warrants ("Common Warrants") for the purchase of up to 3,850,857 Ordinary Shares at an exercise price of $9.00 per share, which Common Warrants have a term of five years from the date of issuance. The net proceeds to the Company from this offering are approximately $19 million, after deducting placement agent fees and other estimated offering expenses.

FT Global Capital, Inc. acted as the exclusive placement agent for the transaction.

Pryor Cashman LLP acted as counsel to the Company and ArentFox Schiff LLP acted as counsel to the placement agent in connection with the offering. 

The Company intends to use the net proceeds from this offering for working capital and general corporate purposes.

These securities are being offered through a prospectus contained in the Company’s effective registration statement on Form F-1 (Filing No. 333-275144) which was declared effective by the Securities and Exchange Commission (the "SEC") on October 25, 2023. A final prospectus related to the offering has been filed with the SEC and is available for free on the SEC’s website at www.sec.gov. 

This press release does not constitute an offer to sell or the solicitation of an offer to buy, and these securities cannot be sold in any state in which this offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Any offer will be made only by means of a prospectus forming a part of the effective registration statement.

About SunCar Technology Group Inc.

Originally founded in 2007, SunCar is transforming the customer journey for car insurance and aftermarket services in China, the largest passenger vehicle market in the world. SunCar develops and operates online platforms that seamlessly connect drivers with a wide range of automotive services and insurance coverage options through a nationwide network of provider partners. As a result, SunCar has established itself as the leader in China in the B2B automotive after-sales services market and the online insurance market for electric vehicles. The company’s multi-tenant, cloud-based platform empowers its enterprise clients to optimally access and manage their customer database and offerings, and drivers gain access to hundreds of services from tens of thousands of independent providers in a single application. For more information, please visit: https://suncartech.com. 

Forward-Looking Statements

This press release contains information about the Company’s view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. The Company encourages you to review other factors that may affect its future results in the Company’s annual reports and in its other filings with the Securities and Exchange Commission.

Contact Information:

SunCar:
Investor Relations: Ms. Hui Jiang
Email: [email protected]  
Legal: Ms. Li Chen
Email: [email protected]

U.S. Investor Relations
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: [email protected] 

Source : SunCar Technology Group Inc. Announces the Closing of $21 Million Follow-on Offering

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– Board Special Committee receives several indications of interest from financial sponsors and strategic buyers 

– Board to confirm plans for special meeting, pending outcome of November 21 court hearing on an injunction application against Ace Lead Profits and its Hollysys shares

BEIJING, Oct. 30, 2023 /PRNewswire/ — Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced that the Special Committee of the Board of Directors, which was established to conduct a sale process as announced on October 2, and its advisors have been in contact with multiple prospective buyers. These include financial sponsors as well as strategic buyers for which there would be compelling industrial logic to an acquisition.

Additionally, the Special Committee and its advisors are considering bids submitted by Recco Control Technology and Dazheng Group (Hong Kong) Investment Holdings Company (collectively, the "Recco Consortium") and by representatives of the Hollysys management team. It is engaged in ongoing discussions with both groups and will provide updates on material developments as soon as practicable.

In a statement, the members of the Special Committee stated: "We are making every effort to conduct a fair and full process and to be fully responsive to all current and potentially interested parties to facilitate due diligence and enable them to make updated and binding proposals. Our objective is to present to shareholders a recommended proposal that provides compelling value, committed financing, regulatory certainty, and a viable pathway to closing."

The sale process is targeted to be at an advanced stage, with a preferred bidder identified, as soon as early December.

Further Update on Special Meeting Request

As previously announced, on October 20, 2023, the Company received updated materials from requisitioning shareholders with respect to a request to convene a special meeting of shareholders.

While the requisition shareholders were on the register as of the demand record date of September 6, 2023, there is currently a dispute (to which the Company is not a party) over the ownership and control of Ace Lead Profits Limited and its shares in the Company, which is subject to an injunction hearing in the Hong Kong High Court on November 21, 2023. Following the injunction hearing on November 21, 2023, the Company will re-assess promptly whether to convene a special meeting.

About Hollysys Automation Technologies Ltd.

Hollysys is a leading automation control system solutions provider in China, with overseas operations in eight other countries and regions throughout Asia. Leveraging its proprietary technology and deep industry know-how, Hollysys empowers its customers with enhanced operational safety, reliability, efficiency, and intelligence which are critical to their businesses. Hollysys derives its revenues mainly from providing integrated solutions for industrial automation and rail transportation. In industrial automation, Hollysys delivers the full spectrum of automation hardware, software, and services spanning field devices, control systems, enterprise manufacturing management and cloud-based applications. In rail transportation, Hollysys provides advanced signaling control and SCADA (Supervisory Control and Data Acquisition) systems for high-speed rail and urban rail (including subways). Founded in 1993, with technical expertise and innovation, Hollysys has grown from a research team specializing in automation control in the power industry into a group providing integrated automation control system solutions for customers in diverse industry verticals. As of June 30, 2023, Hollysys had cumulatively carried out more than 45,000 projects for approximately 23,000 customers in various sectors including power, petrochemical, high-speed rail, and urban rail, in which Hollysys has established leading market positions.

Safe Harbor Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including statements regarding the ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company; growth in financial and operational performance of the Company; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "confident," or similar expressions involve known and unknown risks and uncertainties. Such forward-looking statements, based upon the current beliefs and expectations of Hollysys’ management, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Contact Information

Company Contact:
Hollysys Automation Technologies Ltd.
www.hollysys.com
+8610-5898-1386
[email protected] 

Media Contacts (Hong Kong and New York):
Brunswick Group
[email protected] 

Emily Wong (Hong Kong)
[email protected]
+852 6627 8297

Libby Lloyd (New York)
[email protected]
+1 347 283 3871

Source : Hollysys Provides Update on Sale Process; Responds to Shareholder Request for Special Meeting

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FUZHOU, China, Oct. 30, 2023 /PRNewswire/ — In the afternoon of 28 October, the opening ceremony of the 2023 China Observance of World Cities Day witnessed the announcement of winners of the first Global Award for Sustainable Development in Cities (Shanghai Award). Fuzhou, a China’s southeastern city, was honored alongside Australia’s Brisbane, Malaysia’s George Town, Uganda’s Kampala, and Brazil’s Salvador with this prestigious recognition.

Recently, the award-winning promotional posters have been showcased on the window screens of the ORIENTAL.PARIS in France, as well as on outdoor screens in five Chinese cities: Beijing, Shanghai, Guangzhou, Shenzhen, and Fuzhou, according to the Publicity Department of CPC Fuzhou Municipal Committee. This piece of delightful news is being shared with people at home and aboard.

Fuzhou has made remarkable strides in various areas, including prioritising sustainable development strategies in green and digital economies, implementing innovative urban water system management projects, and constructing an environmentally friendly, low-carbon, and ecologically sustainable "City of Parks".

With outstanding air quality of 97.5% good and excellent AQI throughout the year, over 1,400 parks spread across the city, and a per capita park green space area of 14.83 square meters, Fuzhou is committed to a green and ecological foundation for top-notch development. The city places great importance on protecting the ecological environment, promoting energy-saving and carbon reduction measures, advocating for a green lifestyle, and driving the transition towards a green and low-carbon approach to development.

Furthermore, Fuzhou is actively promoting digital industrialisation and industrial digitisation, with a strong focus on developing the digital economy and establishing the renowned "Digital Fuzhou" brand. In 2022, the scale of Fuzhou’s digital economy surpassed USD 85.7 billion, accounting for more than 50% of its GDP. This robust growth in the digital economy has infused Fuzhou’s urban development with renewed energy and significant momentum.

Moving forward, Fuzhou remains committed to sustainable development as it builds itself into a modern international city. The city will persistently seek innovative approaches to foster a livable, resilient, and smart city development, ultimately enhancing the well-being of its residents.

Image Attachments Links:

   Link: https://iop.asianetnews.net/view-attachment?attach-id=442949 

   Caption: Award-winning promotional poster

Source : Fuzhou, China Honored with First Global Award for Sustainable Development in Cities

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