Thursday, October 17, 2024

Sirion Named a Leader in the 2024 Gartner® Magic Quadrant™ for Contract Lifecycle Management for Third Consecutive Year

  LEHI, Utah - Thursday, 17. October 2024 AETOSWire 



(BUSINESS WIRE)--Sirion, the AI-native contract lifecycle management platform, today announced it has been named a Leader in the 2024 Gartner® Magic Quadrant™ for Contract Lifecycle Management (CLM) for the third consecutive year. We feel this continued recognition as a Leader reflects the trust the world’s leading companies place in Sirion. Download a complimentary copy of the full report here.


Customers trust Sirion’s AI-native CLM because its foundation model intelligently adapts and explains the “why” behind each answer. As users engage with Sirion, their feedback informs and improves its algorithms, ensuring that the platform continuously learns and delivers increasingly relevant and accurate insights.


“The convergence of AI and contract management is transforming how modern enterprises operate, offering a significant competitive advantage to those that embrace this innovation,” said Joanne Wright, SVP of Transformation and Operations at IBM. “We are excited about our collaboration with Sirion in this space—both as a customer leveraging Sirion’s AI-native CLM platform to unlock contract intelligence across IBM’s business processes, and as a technology partner with IBM watsonx powering Sirion’s multi-model generative AI approach.”


“At Sirion, we know that with generative AI trust is everything,” said Ajay Agrawal, Founder and Chief Executive Officer at Sirion. “For our customers trust is delivered through a specific focus on explainability, security and accuracy. If a CLM engine suggests an answer to a conversational query or automatically redlines a contract, the user needs to know why they can rely on that recommendation. In Sirion, the redlines and answers are accompanied by plain language explanations and links to its data source. This transparency gives users the confidence that they can trust our AI to make informed decisions.”


This emphasis on trust reemerges as a common theme across Sirion’s customer base. Together, the feedback from our customers contributed to Sirion being recognized as a Customers’ Choice in the 2024 Gartner Peer Insights™ Voice of the Customer for CLM. With innovative AI capabilities like advanced extraction, conversational search, and AI-led negotiation, Sirion will continue to pioneer the application of generative AI to transform the way enterprises manage contracts.


Learn more about the 2024 Gartner Magic Quadrant for Contract Life Cycle Management here.


About Sirion


Sirion is the world’s leading AI-native CLM platform, it has been a pioneer in applying generative AI to help enterprises transform the way they store, create, and manage contracts. The platform’s extraction, conversational search, and AI-led negotiation capabilities have revolutionized contracting across enterprise teams – from legal and procurement to sales and finance. The world’s most valuable brands such as BNY Mellon, IBM and Vodafone trust Sirion to manage 7M+ contracts worth nearly $800B and relationships with 1M+ suppliers and customers in 100+ languages.


For more information, visit www.sirion.ai.


Gartner disclaimer


Gartner, Magic Quadrant for Contract Life Cycle Management, Kaitlynn Sommers, Kerrie McDonald, Lynne Phelan, 14 October 2024.


Gartner, Voice of the Customer for Contract Life Cycle Management, Peer Contributors, 22 March 2024


GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and MAGIC QUADRANT and PEER INSIGHTS are registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.


Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.


Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences with the vendors listed on the platform, should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.


 


View source version on businesswire.com: https://www.businesswire.com/news/home/20241017042752/en/



Permalink

https://www.aetoswire.com/en/news/1710202442248


Contacts

Thomas Cahn

thomas.cahn@sirionlabs.com


 

Security Innovations and Milestone Systems in the Spotlight at Intersec Saudi Arabia 2024

Riyadh, Kingdom of Saudi Arabia - Thursday, 17. October 2024 AETOSWire

The 6th edition of Intersec Saudi Arabia saw global security technology provider Milestone Systems make a significant impact, unveiling its latest open platform video management software, XProtect, to a keen audience of industry leaders and technology experts. The event, held at the Riyadh International Convention Centre, highlighted the rising demand for enhanced security solutions in the region, where physical and cyber threats continue to challenge businesses.

As cybersecurity concerns mount in the Middle East, many business leaders admit to feeling unprepared for potential breaches despite anticipating an attack in the coming year.

Milestone’s presence at Intersec was bolstered by the participation of 12 leading technology partners, including DELL Technologies, Tiger Surveillance, LenelS2 and AVIDBEAM. Together, they showcased an ecosystem of integrated solutions, demonstrating how XProtect’s flexibility allows for seamless collaboration with other cutting-edge technologies.

The event saw strong engagement from potential customers and partners, reinforcing the increasing demand for innovative cybersecurity solutions across the Kingdom. The diverse range of participants and visitors reflected a widespread interest in developing security infrastructures that keep pace with rapid digital transformation. “Intersec Saudi Arabia provided a fantastic platform for us to demonstrate XProtect’s capabilities alongside our technology partners,” said Firas Al-Beiruti, Country Manager, Milestone Systems, KSA. “The enthusiastic response from attendees highlights the critical role of collaboration in addressing today’s complex security challenges.”

The event aligns with Saudi Arabia’s Vision 2030, which places significant emphasis on growing the technology sector’s contribution to the country’s GDP from 1% to 5% by 2030. As part of this national effort, Milestone Systems aims to play a pivotal role in driving the evolution of security technology in the region, contributing to the protection of the Kingdom’s rapidly expanding digital infrastructure.

Intersec Saudi Arabia 2024 served as a key milestone in Milestone Systems' ongoing efforts to strengthen partnerships and build innovative solutions that meet the evolving security needs of the Middle East.

Permalink
https://www.aetoswire.com/en/news/1710202442240

Contacts

Melwyn Abraham - melwyn@matrixdubai.com

Megaport Expands to 14 More Data Centres Across Europe and Strengthens Operations Through Strategic Partnerships


 BRISBANE, Australia 

New Points of Presence and partnerships with Portus Data Centers, NorthC Data Centers, and Sipartech drive Megaport’s growth across Europe

(BUSINESS WIRE) -- Megaport Limited (ASX: MP1) (“Megaport”), the global leading Network as a Service (NaaS) provider, is proud to announce its expansion across Europe with 14 new data centre locations across seven countries, as well as strategic partnerships with Portus Data Centers, NorthC Data Centers, and Sipartech in key locations.


These new Points of Presence (PoPs) and partnerships significantly extend Megaport’s service reach, allowing customers to connect to a much wider ecosystem of service providers and data centres across Europe via a high-performance, scalable network underlay.


Megaport has collaborated with data centre operator Portus Data Centers to extend its reach in Germany. By deploying a new Megaport PoP in Munich, joint customers now benefit from wider reach and enhanced connectivity capabilities in Central Europe.


Megaport has also strengthened its partnership with NorthC Data Centers in the Netherlands by launching a second Point of Presence (PoP) at NorthC's data centre in Almere, located in the Amsterdam Metropolitan Area. Megaport services have been established at NorthC's data centre in Oude Meer for several years, making the Almere PoP the latest addition to their expanding presence in the Amsterdam Metropolitan Area. This expansion is part of a broader series of joint initiatives with NorthC Data Centers to enhance connectivity and service availability nationwide.


Additionally, Megaport has finalised its partnership with Sipartech, a provider of high-speed connectivity solutions. With its dense optical network in France and other European capital cities, Sipartech supports last-mile connectivity for Megaport customers in Western Europe.


These key partnerships and 14 total new locations now make it even easier for joint customers to modernise their network connectivity and connect to leading cloud service providers across Europe.


“Expanding to so many new European locations alongside such exceptional partners allows us to bring the network revolution further into Europe, giving new customers the ability to supercharge their business and build connections in less than 60 seconds,” said Michael Reid, CEO of Megaport.


“We’re thrilled to be working with Megaport in our Tier IV data centre in Munich to expand their global reach on our high-performance data centre infrastructure. Now, we can provide more customers in Germany with their wide range of connectivity solutions to drive business growth,” said Adriaan Oosthoek, Chairman at Portus Data Centers.


“The addition of Megaport's new Point of Presence to our Almere data centre means our clients now have greater access to a diverse range of connectivity and cloud services, ensuring they remain at the forefront of innovation and digital transformation,” said Vincent Wammes, Director International Alliances and Accounts at NorthC Data Centers.


“We are thrilled to partner with Megaport. Together, we share a common vision: to elevate the experience of our clients through reliable and high-performance connectivity. This partnership enables us to deliver even more innovative and tailored connectivity solutions to our customers in France, Spain, Italy, and beyond,” said Julien Santina, President and Founder at Sipartech.


Megaport's growing customer base includes leading companies like Veolia Water, which has leveraged these new locations and partners to improve its European operations.


“With their growing partner ecosystem, using Megaport has enabled us to diversify our multicloud and enhance our operations through multi-data centre access across Europe,” said Vincent Lauriat, Chief Technology Officer and Deputy Chief Information Officer at Veolia Water. “As a result of implementing their reliable and resilient connectivity, we’ve seen a noticeable increase in customer satisfaction and revenue generation. They are a trusted partner.”


For more information about Megaport’s European expansion, visit megaport.com/new-locations.


About Megaport


Megaport is changing how businesses connect their infrastructure, with one smart and simple platform to manage every connection. Build secure, scalable, and agile networks in just a few clicks, accessing global endpoints and creating private paths in minutes. Trusted by the world’s leading companies, Megaport partners with global service providers, DC operators, systems integrators, and managed services companies, and operates in 860+ enabled locations worldwide. Megaport is ISO/IEC 27001 certified. Join the network revolution at megaport.com.


 


View source version on businesswire.com: https://www.businesswire.com/news/home/20241015455053/en/



Permalink

https://www.aetoswire.com/en/news/1610202442185


Contacts

Media Enquiries

Adam Hennessy, Head of Marketing - Brand & Communications, Megaport

Phone: +61 7 3088 7400

media@megaport.com

Bridgepoint to Reinvest in Kyriba, Alongside New Minority Investor, General Atlantic

 SAN DIEGO - Wednesday, 16. October 2024


(BUSINESS WIRE) -- Bridgepoint, one of the world's leading quoted private asset growth investors, and Kyriba, the global leader in liquidity performance, today announced that Bridgepoint will reinvest in Kyriba following a period of record growth for the business and will remain the majority shareholder. In addition, Bridgepoint and Kyriba will welcome a new minority investor, General Atlantic, a leading global growth investor.


The transaction, which values the company at over $3 billion, is expected to close in Q4 2024, and financial terms beyond this were not disclosed.


Following five years of support from Bridgepoint, Kyriba has grown substantially in this period, tripling its software revenue and evolving from a pioneer in treasury management to the leader in liquidity performance solutions. Today, Kyriba serves close to 3,000 customers in 170 countries.


With a significant investment from its latest flagship fund, Bridgepoint will support Kyriba’s next phase of growth and mission to provide best-in-class liquidity performance solutions to companies around the world looking to navigate increasing volatility.


Partnering with General Atlantic brings additional deep technological and operational expertise to the business.


Kyriba, Bridgepoint and General Atlantic share a collective ambition to reinforce Kyriba’s market leadership, while delivering gold standard cloud treasury and liquidity performance solutions for CFOs, treasurers, and finance teams, to help them connect, protect, forecast and optimize their liquidity, as well as create value for investors and an incredible place to work for Kyriba’s people.


Kyriba Chair and CEO Melissa Di Donato said: “With Bridgepoint as a trusted partner, we’ve achieved significant growth and strengthened our leadership in liquidity performance. We’re excited to continue our journey with Bridgepoint and now also General Atlantic. Together, we will accelerate our investment in technology and talent, creating innovation that we know our customers will need in the future. This marks the beginning of a new era for Kyriba as we consolidate our position as the leader in liquidity performance, grow our business and expand our market share.”


David Nicault, Partner and Global Head of Tech Investment at Bridgepoint, said: “Our journey with Kyriba has been quite remarkable. It began five years ago with our partnership with Kyriba’s founder, Jean-Luc Robert, to support the company’s transition into the clear leader in liquidity performance solutions. We’re excited to continue working with Melissa Di Donato and her team and welcome General Atlantic. With an addressable market of $15 billion for enterprise liquidity performance and significant white space, the growth opportunities ahead are vast, and we look forward to supporting Kyriba as it reaches new heights.”


Gabriel Caillaux, Co-President and Head of EMEA at General Atlantic, said: “We view Kyriba as a category leader providing comprehensive liquidity performance solutions to CFOs at a time when their functions continue to expand in scope and depth. We look forward to partnering with Melissa, the Kyriba management team and Bridgepoint to support the company in driving further product range innovation and business growth in what is a large and durable market.”


About Kyriba


Kyriba is a global leader in liquidity performance that empowers CFOs, Treasurers and IT leaders to connect, protect, forecast and optimize their liquidity. As a secure and scalable SaaS solution, Kyriba brings intelligence and financial automation that enables companies and banks of all sizes to improve their financial performance and increase operational efficiency. Kyriba’s real-time data and AI-empowered tools empower its close to 3,000 customers worldwide to quantify exposures, project cash and liquidity, and take action to protect balance sheets, income statements and cash flows. Kyriba manages more than 3 billion bank transactions and $15 trillion in payments across multiple banks annually and gives customers complete visibility and actionability, so they can optimize and fully harness liquidity across the enterprise and outperform their business strategy. For more information, visit www.kyriba.com.


About Bridgepoint


Bridgepoint Group plc is one of the world's leading quoted private asset growth investors, specialising in private equity, infrastructure and private credit.


With over €67bn ($72bn) of assets under management and a strong local presence in Europe, North America and Asia, we combine global scale with local market insight and sector expertise, consistently delivering strong returns through cycles.


About General Atlantic


General Atlantic is a leading global growth investor with more than four decades of experience providing capital and strategic support for over 520 growth companies throughout its history. Established in 1980, General Atlantic continues to be the dedicated partner to visionary founders and investors seeking to build dynamic businesses and create long-term value. Guided by the conviction that entrepreneurs can be incredible agents of transformational change, the firm combines a collaborative global approach, sector-specific expertise, a long-term investment horizon, and a deep understanding of growth drivers to partner with and scale innovative businesses around the world. The firm leverages its patient capital, operational expertise, and global platform to support a diversified investment platform spanning Growth Equity, Credit, Climate, and Sustainable Infrastructure strategies. General Atlantic manages approximately $97 billion in assets under management, inclusive of all strategies, as of October 1, 2024 (based on valuations as of June 30, 2024), with more than 900 professionals in 20 countries across five regions. For more information on General Atlantic, please visit: www.generalatlantic.com.


 


View source version on businesswire.com: https://www.businesswire.com/news/home/20241015403605/en/



Permalink

https://www.aetoswire.com/en/news/1610202442183


Contacts

Media Contacts:

UK/Europe: kyriba@kekstcnc.com


USA: KyribaUS@allisonworldwide.com

NEQSOL Holding Acquires One of the World’s Largest Titanium Producers

 AMSTERDAM & KYIV, Ukraine - Wednesday, 16. October 2024 AETOSWire Print 


(BUSINESS WIRE)--NEQSOL Holding, a global investment group managing diverse businesses across 11 countries from headquarters in Amsterdam, Baku, and Kyiv, is currently in the process of acquiring the United Mining and Chemical Company JSC (UMCC) – one of the largest titanium ore raw material producers in the world.


Cemin Ukraine, a company part of NEQSOL Holding, is in the process of purchasing 100% of the shares of the state-owned United Mining and Chemical Company following an auction for the company’s privatization. The privatization deal was approved by the Cabinet of Ministers of Ukraine and is now subject to further regulatory approval.


United Mining and Chemical Company JSC is among the top ten producers and processors of titanium and zirconium ore concentrates in the world. In 2020, the company recorded production of 350,000 tons of titanium and zirconium ore concentrates. UMCC was established by the government of Ukraine to manage and operate Vilnohirsk Mining and Metallurgical Plant in the Dnipropetrovsk region and Irshansk Mining and Processing Plant in the Zhytomyr region of Ukraine.


With the acquisition of the United Mining and Chemical Company, NEQSOL Holding continues to implement strategic international business expansion. UMCC is one of the world’s largest producers of titanium raw materials, which are of great importance and application in various strategic industries. Upon completion, this deal will strengthen the Holding’s position in the international business arena.


Volodymyr Lavrenchuk, Regional Director of NEQSOL Holding Ukraine, commented: “NEQSOL Holding is currently in the process of acquiring UMCC, which includes several further steps. With this bold move, the Holding is contributing to Ukraine’s rebuilding efforts and positively signaling to other global investors to consider investment in Ukraine. Upon completion, the Holding looks forward to the further strategic development and modernization of UMCC, in compliance with all global controls related to the titanium industry.”


About NEQSOL Holding:


NEQSOL Holding is a global investment group employing over 12,000 people in 11 countries, including the U.S., U.K., Azerbaijan, Ukraine, the Netherlands, Georgia and Turkey. The group operates through its three headquarters in Amsterdam, Baku, and Kyiv, managing businesses in telecommunications, energy, construction, high-tech and now titanium industries. NEQSOL Holding serves more than 25 million customers worldwide. https://www.neqsolholding.com/


About UMCC Titanium:


UMCC is a mining company in the titanium mineral sands business, with operations in the upstream segment of mineral resources extraction, processing and beneficiation. UMCC is one of the largest ilmenite and rutile miners in the world. Since 2019, it has been in the management of the State Property Fund of Ukraine. It is among the 100 largest taxpayers of Ukraine. https://www.umcc-titanium.com/en/


 


View source version on businesswire.com: https://www.businesswire.com/news/home/20241016441111/en/



Permalink

https://www.aetoswire.com/en/news/1610202442203


Contacts

Jon Chandler: Media@Tiltonconsultancy.com

Media Release: Allianz Calls for Greater Safety for Vulnerable Road Users in Urban Areas


 MUNICH - 

Big vs. small in European cities: 70% of urban road deaths involve pedestrians, cyclists, or motorcyclists.

One-third of accidents between trucks and pedestrians or cyclists could be avoided with existing technology.

“We need a new seat belt” – Allianz proposes measures to get closer to Vision Zero

 


(BUSINESS WIRE)--At the 12th Allianz Motor Day, Allianz called for better protection for pedestrians and cyclists in cities and made concrete demands to politicians, car manufacturers, and fleet operators. Considering the persistently high number of road deaths in Europe, Klaus-Peter Roehler, member of the Board of Allianz SE, called for improved safety equipment, especially for vans and trucks, at the Allianz Center for Technology (AZT) in Ismaning: “We’re seeing rapid progress in almost all areas of technology, so why are we failing to better protect life on the roads? This is an unacceptable trajectory. One-third of all accidents between trucks and pedestrians or between trucks and cyclists could be avoided if trucks utilized just two well-known safety measures. To tackle the challenges and trends I’ve mentioned, vehicle manufacturers, politicians, freight carriers – and we as insurers – are called to action. We must simply do everything we can to protect a human life from accidental death, whatever the cost is.”


The Allianz Motor Day brings together experts and media representatives from across the globe to discuss the trends and challenges of future mobility. The theme for 2024 is “Big versus small: How we need to better protect vulnerable groups in urban areas.”


The EU aims to reduce road deaths to zero by 2050


Klaus-Peter Roehler stresses that the number of road deaths in the European Union is still far too high, at around 20,400 in 2023: “The European Commission has declared that by 2050 the number of road deaths in Europe is to be reduced to zero.” Unfortunately, we are still a long way from this “Vision Zero.”


To remain within the target range, the number of victims would have needed to decrease by 18% between 2022 and 2023, assuming a linear progression. Across Europe, a reduction of 1% has been achieved – and in Germany, the number of deaths recently increased by 1.8%, totaling to 2,839 in 2023.


Cities are accident hotspots: 70% of road deaths in urban areas are pedestrians or two-wheeled vehicles


To achieve quick results, it makes sense to focus on urban transport: “Cities are the main hotspots for accidents,” says Roehler. “Around 40% of fatal road accidents in Europe occur in cities; 70% of these victims are riding bicycles or other two-wheeled vehicles, or are pedestrians, including children and the elderly – they need better protection! The headline of this 12th Allianz Motor Day – ‘Big vs. Small’ – sounds bitter but it’s true. It’s about protecting the most vulnerable people from heavy vehicles.”


According to a recent analysis by the Allianz Center for Technology (AZT), vehicles used by parcel and delivery services are particularly conspicuous: “As a fleet insurer, Allianz has made the following findings: vans used by these delivery services have about a 20% higher claims frequency than conventional vehicles,” says Roehler. “They’re also more likely to cause personal injury.” Drivers’ time pressures, the many stops, maneuvers in urban environments, and the distraction caused by the digital devices required for delivery all contribute to this.


Roehler criticizes the fact that vans do not currently have the same number of safety systems on board as cars, despite the EU’s General Safety Regulation 2 (GSR2), which will apply to new vehicles from July 2024 onward. “At least, vans should have the same safety systems as new passenger cars since they are using the same highly frequented urban roads,” he says.


Allianz study: One-third of accidents between trucks and cyclists or pedestrians could be avoided with available technology


For heavy goods vehicles and buses, the GSR2 must also be improved as soon as possible, according to Roehler: Although some warning features of driver-assistance systems are now mandatory for newly registered trucks, they are not enough to reliably prevent collisions with cyclists and pedestrians in blind spots, for example. “Warning systems aren’t enough,” says Roehler. “Effective systems can identify road users in the blind spot and immediately trigger emergency braking.”


A recent study by the Allianz Center for Technology (AZT) concluded that one-third of accidents between trucks and pedestrians or cyclists could be prevented by active braking assistance and improved visibility for the truck driver through maneuvering windows and a lower line of sight in the cab. These technical solutions are already available on the market – now they need to be implemented across the board as quickly as possible.


“First and foremost, our efforts to improve road safety are about saving lives and reducing pain and suffering.” Without diminishing this fundamental conviction, Roehler adds another rationale that can be used to win over transportation companies: “Avoiding accidents – even minor ones without personal injury – offers an economic advantage. It is self-incentivizing for trucking companies because a fleet with fewer repair and downtime costs is more efficient, and the insurance rates for such a fleet are also significantly lower compared to a fleet with many accidents.”


Allianz draws on its tradition to make specific demands of politicians and vehicle manufacturers


Roehler points out that 40 years ago, Allianz was already campaigning for the then controversial compulsory use of seat belts: In 1983, Max Danner, then Head of the Allianz Center for Technology, wrote a book titled “Seat Belt or Death!” Roehler says, “In addition to ‘Seat Belt or Death!’ the following also applies: ‘Assistance Systems – or Death!’ To reach Vision Zero, we need, so to speak, ‘a new seat belt’!”


At the 12th Allianz Motor Day, Allianz made three specific demands to car manufacturers and legislators to better protect vulnerable groups in urban traffic.


Allianz’s Demands


1. The safety equipment of vans and trucks must exceed the current legal standard. At least, vans should have the same safety systems as new passenger cars since they are using the same highly frequented urban roads. Truck manufacturers should make full use of the innovations already available to help prevent accidents. These include maneuvering windows, lowered cabs, and automatic emergency braking systems when turning.


2. Allianz advocates a Europe-wide harmonization of requirements and calls on the EU legislators to further improve current regulations. For all new trucks, advanced driver assistance systems to prevent turning accidents should be made mandatory as soon as possible. Warning systems, as currently required by law, are not enough. Active braking systems that detect road users in the blind spot and immediately initiate emergency braking should be mandatory. And these systems must always be switched on.


3. Comprehensive data-sharing as intended in the EU Data Act is needed: if Allianz, as an insurer, knows which safety systems are installed and activated in trucks and vans, Allianz can set risk-based rates and incentives.


About Allianz


The Allianz Group is one of the world’s leading insurers and asset managers with around 125 million* private and corporate customers in nearly 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 741 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 1.8 trillion euros** of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2023, over 157,000 employees achieved total business volume of 161.7 billion euros and an operating profit of 14.7 billion euros for the group.


* Including non-consolidated entities with Allianz customers.


**As of June 30, 2024.


Mandatory corporate information: Corporate disclosures


These assessments are, as always, subject to the disclaimer provided below.


Cautionary note regarding forward-looking statements


This document includes forward-looking statements, such as prospects or expectations, that are based on management’s current views and assumptions and subject to known and unknown risks and uncertainties. Actual results, performance figures, or events may differ significantly from those expressed or implied in such forward-looking statements.


Deviations may arise due to changes in factors including, but not limited to, the following: (i) the general economic and competitive situation in the Allianz’s core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) adverse publicity, regulatory actions or litigation with respect to the Allianz Group, other well-known companies and the financial services industry generally, (iv) the frequency and severity of insured loss events, including those resulting from natural catastrophes, and the development of loss expenses, (v) mortality and morbidity levels and trends, (vi) persistency levels, (vii) the extent of credit defaults, (viii) interest rate levels, (ix) currency exchange rates, most notably the EUR/USD exchange rate, (x) changes in laws and regulations, including tax regulations, (xi) the impact of acquisitions, including related integration issues and reorganization measures, and (xii) the general competitive conditions that, in each individual case, apply at a local, regional, national, and/or global level. Many of these changes can be exacerbated by terrorist activities.


No duty to update


Allianz assumes no obligation to update any information or forward-looking statement contained herein, save for any information we are required to disclose by law.


Privacy Note


Allianz SE is committed to protecting your personal data. Find out more in our privacy statement.


 


View source version on businesswire.com: https://www.businesswire.com/news/home/20241016892859/en/



Permalink

https://www.aetoswire.com/en/news/1610202442197


Contacts

Christina Bersick

Tel. +49-89 3800 12940

Email: christina.bersick@allianz.com


Christian Weishuber

Tel. +49-89 3800-18169

Email: christian.weishuber@allianz.de

Wednesday, October 16, 2024

First Photorealistic AI Avatar for People Living with Alzheimer’s and Dementia Launched by Lenovo and Innovations in Dementia

 Alzheimer’s Intelligence project demonstrates how smarter AI can empower people and give different communities a voice around future innovation


(BUSINESS WIRE) -- Today at Lenovo Tech World, Lenovo™ in collaboration with Innovations in Dementia, launched Alzheimer’s Intelligence, a photorealistic 3D avatar with custom AI based on the lived experiences of people with dementia and Alzheimer’s. This proof-of-concept project gives people and families navigating a diagnosis of dementia 24-hour access to a conversational avatar that offers curated advice that prioritizes accuracy, privacy, and compassion.


“Globally there are around 55 million people living with dementia, and that number is expected to reach 139 million by 2050,” said Dr. David Llewellyn, Professor of Clinical Epidemiology and Digital Health. "The AI advancements in Lenovo's 'Alzheimer’s Intelligence' initiative demonstrate how technology has the potential to enhance human interaction, offering a valuable tool to support individuals living with dementia, both in the present and future."


In this first-of-its-kind application, Lenovo pioneered the use of AI made possible by its comprehensive portfolio of technology solutions, from individual to enterprise. The combined technology aggregates firsthand experience and advice from hundreds of real people living with dementia and Alzheimer’s into a responsive, photoreal 3D avatar capable of having an unscripted, natural conversation. With this proof of concept, a person diagnosed with dementia is just a click away from a real-time conversational resource and aid.


“With recent and ever-growing advancements in AI, we must harness this technology purposefully and responsibly for communities that may be overlooked by innovative technology,” said Doug Fisher, Chief Security and AI Officer at Lenovo. “This is part of our commitment to delivering Smarter AI for All—developing and deploying technology that can empower everyone at every scale.”


The avatar was created from a composite of images of 10 people living with dementia and Alzheimer’s. From the initial pose of each image, generative AI extrapolated faces for several thousand other expressions and angles inspired by the subject. These were then aggregated into one dataset, which blends with the face of a filmed performer to create the image of "Liv," the AI avatar.


A large language model (LLM) dataset of the advice Liv can impart was created using data that came directly from experiences of people living with dementia, including entries from Innovations in Dementia’s Dementia Diaries project and in-depth panel interviews. Each time a user asks a question (via Speech-to-text), the LLM queries the dataset to provide text-based answers to the user's question, expressed using the language of the "persona" created for Liv, and based on the knowledge base built for Liv. The replies are then voiced using a vocal synth created for the project. "Sentiment analysis" is used to analyse the underlying feeling of the reply, which is reflected in the facial expression of the AI when it speaks. Finally, real time 4k visual AI is used to allow the speech generated by the vocal synth to appear to be spoken in real time.


Alzheimer’s Intelligence will allow people who have recently been diagnosed with dementia to ask the questions that only someone who has lived with the disease can answer, including understanding day-to-day challenges, discussing the disease with family, and exploring new hobbies. Crucially, the entire experience was designed to be accessible, requiring minimal tech expertise and prioritizing natural, familiar interaction.


The avatar is currently being trialled by people with dementia in a controlled environment with the goal of making it more publicly available in the future. The making of the project and initial interactions have been captured in the films linked below.


The Alzheimer’s Intelligence project offers a new way to easily access valuable insight sourced from data based on real people living with dementia and Alzheimer’s. While the information is wide-ranging, the development team took great care to apply clear guardrails to the AI and ensure no medical advice is offered by the avatar. This included working closely with Dr. Llewellyn and Innovations in Dementia, who both advised and consulted on the avatar build and testing.


The AI was trained and tested for this specific use case, and the project was designed and brought to life with Lenovo devices, services, software, servers, and cloud solutions. This is the first time ever that Lenovo AI-ready solutions have come together to develop an avatar of this kind. Devices and solutions include:


Lenovo’s tech partner Kaleida, who led the development of the avatar and underlying AI, leveraged Lenovo’s AI professional services to support the processes and security


ThinkStation P7server, ThinkPad T14s Gen 6, and ThinkPad X1 Carbon Gen 12 AIPC laptops, as well as Lenovo Legion and ThinkVision monitors and accessories.


“When people are first diagnosed with dementia, they can feel lost, with so many questions about what is happening. This AI doesn’t replace human contact but what it does do is offer a knowledgeable and compassionate source of assurance and advice based directly on the experiences and wisdom of other people with dementia.” said Steve Milton, Director, Innovations in Dementia. “It’s great to see tech leaders like Lenovo prioritising such an innovative use of AI in a way that not only recognises and the expertise of people with dementia but harnesses it in such a unique way to support others when they need it most.”


Innovations in Dementia state that around 20% of people who come to them are under 65 and may live for many years with the condition. The NGO promotes a positive but realistic view of dementia: although it is life changing, it does not have to be life ending.


“We recognize the importance of giving everyone a voice in innovation,” commented Doug Fisher at Lenovo. “With huge advancements in AI and smarter technologies, now is the time to explore and pilot creative new ways to use technology like AI thoughtfully and responsibly, for the greater good. Ultimately, it’s about re-imagining a future where technology is for—and from—all, giving everyone a voice in what they want from the most transformative technology of our generation.”


Gail Gregory and Ahmad Krayem, focus group participants comment…


“It’s so important to have real people involved in the creation of the avatar. Because the people with dementia are the experts. We’re the ones living with it. You can’t just grab things from a textbook because it’s not real. It must be real. And the more realistic it is the more relatable it is. I think it is going to be a very useful tool, especially for people living on their own because they’ve got nobody to ask,” Gail Gregory.


“I want to help other people who have been recently diagnosed with dementia and reassure them that it is not something to be afraid of. A doctor can tell you what medication to take. But only people living with dementia, can tell you what they are exactly going through,” Ahmad Krayem.


Watch the Alzheimer’s Intelligence video here


The participants in this film include:


Gail Gregory: Diagnosed with Alzheimer’s at age 55, Gail also subverts the commonly-held stereotypes of a person living with dementia. She can broach serious topics with humour, and is candid in her opinions and struggles.


Ahmad Krayem: Ahmad was only diagnosed with early onset in his early 60s after insistence from his wife, who was a pharmacist, that he should go for a check-up. Ahmad found stopping work a big challenge and has been through a journey of denial and acceptance. He talks passionately about helping others who’ve gone through this.


Alzheimer’s Intelligence is a proof-of-concept tool and is not publicly available, but for anyone looking to hear from people living with Alzheimer’s or dementia diagnosis, can contact Innovations in Dementia (UK) or Alzheimer’s Association (US).


Examples of interactions with the avatar:


Q: I keep forgetting to take my pills. How can I remember?


A: It's quite common to forget things like taking medication. Perhaps setting a routine could help, like taking your pills with a meal or at the same time each day. You could also try setting an alarm or reminder on your phone. There are pill organisers, too, which can be useful. Would one of those options suit you, do you think?


Q: How do I talk about my diagnosis with friends and family?


A: Talking about your diagnosis with friends and family can be a daunting task, but it can also help to bring support and understanding. Start by sharing how you feel today and maybe a bit about what you've learned about your condition. Encourage them to ask any questions, as this can help them understand what you're going through. It’s okay to be honest about any fears or concerns you have, as well. Do you think that might be helpful?


About Lenovo


Lenovo is a US$57 billion revenue global technology powerhouse, ranked #248 in the Fortune Global 500, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver Smarter Technology for All, Lenovo has built on its success as the world’s largest PC company with a full-stack portfolio of AI-enabled, AI-ready, and AI-optimized devices (PCs, workstations, smartphones, tablets), infrastructure (server, storage, edge, high performance computing and software defined infrastructure), software, solutions, and services. Lenovo’s continued investment in world-changing innovation is building a more equitable, trustworthy, and smarter future for everyone, everywhere. Lenovo is listed on the Hong Kong stock exchange under Lenovo Group Limited (HKSE: 992) (ADR: LNVGY). To find out more visit https://www.lenovo.com and read about the latest news via our StoryHub.


LENOVO, THINKSTATION, THINKPAD, and THINKVISION are trademarks of Lenovo. All other trademarks are the property of their respective owners. ©2024, Lenovo Group Limited. ©2024 Motorola Mobility LLC. All rights reserved.


 


View source version on businesswire.com: https://www.businesswire.com/news/home/20241015879964/en/



Permalink

https://www.aetoswire.com/en/news/1610202442182


Contacts

Stuart Gill, sgill@lenovo.com


Make the Impossible Possible: Manhattan Showcases Latest Supply Chain Commerce Innovations and Customer Insights at Exchange 2024

  (BUSINESS WIRE) -- Building on the theme, ‘Make the impossible, possible’, Manhattan Associates (NASDAQ: MANH) today opened its annual EMEA Exchange event to an audience of more than 350 customers and press, with keynotes that introduced the European market to Manhattan Active® Supply Chain Planning and Generative AI solutions; Manhattan Active® Maven and Manhattan Assist.

“It is great to be back in Barcelona with a record number of supply chain and commerce professionals. Attending Exchange gives participants a unique opportunity to explore and interact with peers and get a first-hand look at the latest technologies shaping the future of supply chain and commerce,” commented Henri Seroux, senior vice president, Europe, Manhattan Associates.

“With real-world insights from customers including ba&sh, Yusen Logistics, Lacoste and Co-op, amongst others, in addition to cutting-edge technology discussions from Manhattan’s senior leaders, Eddie Capel and Brian Kinsella, there is something for everyone attending this year’s edition,” Seroux continued.

Highlights from the annual event included:

  • Schneider Electric, the global leader in energy management and automation, explained how it plans to make its supply chain a competitive differentiator through the unification of its warehouse and transportation functions with Manhattan.

  • Bestseller, one of Europe’s leading fashion companies, showcased how it is transforming its supply chain through a strategic partnership with Manhattan. The company highlighted the challenges faced, the need for change, and the collaborative approach taken to implement Manhattan Active Supply Chain.

  • L'Oréal described the final stages of its Manhattan deployment and shared how it is leveraging Manhattan Active® Warehouse Management’s full potential to optimise operations and integrate seamlessly into the data-driven world of Beauty Tech

  • Kramp, the leading supplier of spare parts in Europe’s agricultural space, guided the audience through the pivotal role Manhattan Active® Omni is playing in its digital transformation journey.

  • The introduction of Manhattan Active Supply Chain Planning completes the company’s vision of a truly unified supply chain ecosystem, while Manhattan Active Maven and Manhattan Assist harness the power of GenAI to deliver new levels of customer experience, personalization, productivity, and cost-savings.

Seroux finished: “These latest solutions underline that Manhattan is not just closing the gaps in supply chain commerce, it’s delivering the vision of a unified supply chain, raising the bar for the whole industry and reaffirming a reputation for innovation spanning more than three decades.”

ABOUT MANHATTAN ASSOCIATES

Manhattan Associates is a global technology leader in supply chain and omnichannel commerce. We unite information across the enterprise, converging front-end sales with back-end supply chain execution. Our software, platform technology and unmatched experience help drive both top-line growth and bottom-line profitability for our customers.

Manhattan Associates designs, builds and delivers leading edge cloud and on-premises solutions so that across the store, through your network or from your fulfillment center, you are ready to reap the rewards of the omnichannel marketplace. For more information, please visit www.manh.com.

 



Contacts

James Canham-Ash, Manhattan Associates
Email: jash@manh.com


Regnology Acquires CG3-1 REGTECH LLC (CG3-1) to Expand North American Footprint

  Acquisition strengthens Regnology’s regulatory capital, customer reserve and portfolio margin calculation capabilities for US broker-dealers

(BUSINESS WIRE) -- Regnology, a leading software provider focused on regulatory reporting solutions, is pleased to announce the acquisition of CG3-1, a firm specializing in regulatory calculations for the USA broker-dealer market.

This strategic acquisition marks another milestone for Regnology as it further expands its footprint in the US with dedicated solutions for broker-dealers, covering regulatory capital, customer reserve, and portfolio margin requirements.

Established in 2018, CG3-1 has quickly become a household name for US broker-dealers looking to comply with regulatory requirements such as SEA 15c3-1, SEA 15c3-3, and FINRA Rule 4210.

The acquisition also presents substantial opportunities for CG3-1 to elevate its offerings. By leveraging Regnology’s extensive regulatory reporting capabilities, CG3-1 can expand its value chain end-to-end 15c3-1 and 15c3-3 reporting solutions, including automated data sourcing and last mile reporting such as the FOCUS report. This integration will also enable CG3-1 to deliver a more robust and seamless client experience through advanced orchestration and enhanced workflow efficiency.

Bobby Rahman, Regnology Head of M&A, commented: “We are excited to continue with our acquisition strategy and bring CG3-1 under the Regnology umbrella. This move further solidifies our market position, and we look forward to announcing further acquisitions soon as we strive to become the global reference for RegTech and SupTech.”

Rob Mackay, Regnology CEO, added: “We have long admired CG3-1’s leadership and the recognition they gained serving Tier 1 clients. Their calculation tools are recognized as the best available and will be a valuable addition to our product portfolio, enabling us to enhance our regulatory offerings for the North American market.”

Charles Greiner III, CG3-1 President, stated: “We are incredibly excited about this integration with Regnology. CG3-1 is the preeminent provider of regulatory capital (SEA Rule 15c3-1) technologies within the U.S. and working with Regnology will create significant value for existing CG3-1 clients, the moment this transaction closes. The Regnology platform will create enterprise grade business continuity and enterprise grade security around the CG3-1 product line. Moreover, the knowledge and expertise of the Regnology team which will empower CG3-1 t to expand our SEA Rule 15c3-1 and 15c3-3 offerings.”

The acquisition is effective immediately, and our teams will begin collaborating to integrate CG3-1’s solutions into Regnology’s offerings.

About CG3-1

CG3-1 is a leading provider of regulatory capital calculation solutions, specializing in SEA Rule 15c3-1 compliance for the US broker-dealer market. Our innovative software applications are designed to calculate net capital requirements, ensuring precise and efficient regulatory reporting. With a mission to become the go-to technology solution for financial operations professionals, CG3-1 combines deep industry expertise with cutting-edge technology to support broker-dealers, regulators, and auditors. Our commitment to excellence and customer satisfaction has established us as a trusted partner in the financial services industry.

Visit our website: www.cg3-1.com.

About Regnology

Regnology is a leading technology firm on a mission to bring safety and stability to the financial markets. With an exclusive focus on regulatory reporting and more than 35,000 financial institutions, 70 regulators, international organizations, and tax authorities relying on our solutions to process their regulatory reporting data, we are uniquely positioned to bring greater data quality, efficiency, and cost savings to all market participants. With over 900 employees in 16 countries and a unified data ingestion model powering our work, our clients can quickly implement and derive value from our solutions and easily keep pace with ongoing regulatory changes. Regnology was formed in 2021 when BearingPoint RegTech, a former business unit of BearingPoint Group, joined forces with Vizor Software, a global leader in regulatory and supervisory technology. The company is on a continued organic and external growth path, building up as one of the world's most recognized regulatory reporting powerhouses.

For more information about Regnology, connect with us on LinkedIn and X.

Visit our website: www.regnology.net.

 



Contacts

Mireille Adebiyi, Chief Marketing Officer
mireille.adebiyi@regnology.net


Alpega Introduces Connecta, Europe’s First Open Logistics Network

 (BUSINESS WIRE) -- Alpega, a global leader in logistics SaaS software, has launched Connecta, an open network designed to revolutionize logistics connectivity. Connecta unites shippers, carriers, logistics service providers (LSPs), and freight forwarders in a centralized solution to collaborate, connect, and explore new business opportunities. As Europe’s first fully open logistics network, Connecta provides a seamless solution for professionals to showcase their services and grow their businesses. Think of it as the LinkedIn for logistics—a space where industry players can engage and expand their operations.

Connecta stands out from fragmented solutions and closed private networks by offering free access to a vast pool of 85,000 verified carriers and load posters, catering to businesses of all sizes. Powered by Alpega’s Digital Transport Platform, Connecta provides access to real-time insights, spot bidding, and capacity optimization, making it a transformative force in the logistics industry.

Connecta unifies the logistics ecosystem, enabling partners to interact effortlessly, align their needs, and unlock new business opportunities. Alpega is uniquely positioned in the logistics market to unite this ecosystem through Connecta as the only TMS provider in the European market with a massive freight exchange open network of +100,000 carriers and freight forwarders. This synergy allows logistics companies to operate more cost efficiently while minimizing wasted capacity,” said Todd DeLaughter, CEO of Alpega.

Connecta offers both free and paid options, allowing businesses of all sizes to scale effectively. Shippers, forwarders, and LSPs gain access to a large pool of trusted carriers, enhancing capacity planning and operational efficiency. Carriers, in turn, benefit from increased visibility, improved capacity utilization, and reduced empty runs, driving both revenue growth and cost savings.

At launch, Connecta simplifies logistics with several standout features. Its streamlined onboarding process grants users’ immediate access to a large network of vetted professionals through a single registration. The centralized directory enhances communication and collaboration. Additionally, Connecta integrates with Alpega’s Freight Exchange, enabling real-time spot bidding for paid users. Over time, it will fully integrate with Alpega’s Digital Transport Platform, providing a comprehensive solution for Freight Sourcing and Procurement, Transport Execution, and Transport Planning.

Join Connecta Today. Pre-registration is now open here. Whether you're a shipper, carrier, LSP, or forwarder, Connecta offers tools to expand your network and optimize operations. Join today and be part of the future of logistics.

Alpega
Alpega is a leading global logistics SaaS software company, dedicated to delivering end-to-end solutions that comprehensively address all transport requirements. Our mission is to empower shippers and carriers through efficient digitalization to meet today’s logistics challenges, driving smarter logistics for a greener tomorrow.

Drawing on extensive carrier-based assets, Alpega delivers tangible benefits across Execution, Planning, Sourcing and Payment solutions. As the sole SaaS provider offering Transport Management Systems (TMS) for shippers, coupled with an 85,000-strong open carrier network covering around 10% of all commercial trucks in Europe, we are at the forefront of innovation and efficiency. For our carriers, our connectivity extends through three premier freight exchanges in Europe, with notable leadership in Iberia, Romania, Central, and Southeastern European regions, facilitating seamless matching of freight loads with transportation capacity.

With over three decades of expertise in transportation, we empower businesses to streamline their supply chain planning and execution, resulting in reduced costs and heightened visibility. Alpega's suite of solutions synergistically generates added value for our customers. Our community comprises 85,000 carriers and 200,000 members, seamlessly connected electronically each day to efficiently manage vital transport operations. Operating in 80 countries globally, Alpega boasts a diverse team of over 500 professionals representing 31 nationalities.

 



Contacts

For media inquiries, please contact:

Yusen Logistics Powers State-Of-The-Art UK Distribution Centre with Manhattan Active® Warehouse Management

  READING, England - Tuesday, 15. October 2024 AETOSWire 



(BUSINESS WIRE)--Manhattan Associates Inc. (NASDAQ: MANH) today announced that Yusen Logistics Co. Ltd, one of the largest global supply chain logistics companies, has selected Manhattan Active® Warehouse Management to be implemented at its new, state-of-the-art distribution centre in the UK. The opening of the Northampton facility, expected to take place in January 2026, underlines Yusen Logistics commitment to improving performance and efficiency using cutting-edge distribution technology.


Established in 1955, Yusen Logistics is part of the Japan-based Nippon Yusen Kabushiki Kaisha group, also known as NYK. One of the oldest and largest shipping companies in the world, Yusen provides ocean and air freight forwarding, warehousing, distribution services, and supply chain management from more than 650 locations and nearly 3.4 million square meters of warehouse space across 46 countries.


“Our new 1,191,000 square foot site in the Midlands will be highly complex and employ the latest automation technology,” explained Ludovic Facompre, IT Director at Yusen Logistics. “After a successful partnership spanning two decades, it made sense for us to run this state-of-the-art facility on Manhattan Active Warehouse Management, the industry’s most advanced and robust warehouse management system.”


“Being a cloud-native solution built exclusively from API microservices, Manhattan Active Warehouse Management is unique in the WMS space. Its scalability, agility and continuous innovation cycles perfectly suit the dynamic and broad challenges presented by automation, fulfilment, labour management and yard operations in the new DC,” Facompre finished.


Manhattan Active Warehouse Management is born in the cloud and automatically scales to match any business need. Built entirely from microservices, it utilises applied intelligence that empowers real-time distribution planning for better, faster operational decisions.


“The implementation of Manhattan Active Warehouse Management is a significant first step on a longer journey towards a unified supply chain experience that will ultimately bring together warehouse, transportation, yard and labour management. Working closely with Yusen and its partners, our team will be involved in all aspects of the project, from design and go-live, right through to aftercare,” ended Craig Summers, vice president, Northern Europe at Manhattan Associates.


ABOUT MANHATTAN ASSOCIATES


Manhattan Associates is a global technology leader in supply chain and omnichannel commerce. We unite information across the enterprise, converging front-end sales with back-end supply chain execution. Our software, platform technology and unmatched experience help drive both top-line growth and bottom-line profitability for our customers.


Manhattan Associates designs, builds and delivers leading edge cloud and on-premises solutions so that across the store, through your network or from your fulfillment center, you are ready to reap the rewards of the omnichannel marketplace. For more information, please visit www.manh.com.


ABOUT YUSEN LOGISTICS


A division of Yusen Logistics Co. Ltd, Yusen Logistics (Europe) BV is headquartered in Amsterdam, The Netherlands. Yusen Logistics (Europe) BV employs 7,500 people and is active in 17 countries across Europe, operation from over 140 facilities with over 1.3 million sq. metres of warehousing space. Activities focus on automotive, aerospace, retail, healthcare, technology and food logistics.


Yusen Logistics Co. Ltd. was established in 1955 and currently has over 25,000 employees worldwide at 680 locations in 46 countries and regions, plus 3.4 million sq. metres of warehousing space. The company is a diversified global market leader in logistics.


Services range from supply chain management and consulting, through to contract logistics, hazardous materials logistics and reverse logistics. In addition, Yusen Logistics provides road and rail transport, air and ocean freight forwarding, intermodal and multi-modal transport, plus customs brokerage – nationally and internationally.


Yusen Logistics Co. Ltd is a member of the Japan-based Nippon Yusen Kabushiki Kaisha group, also known as NYK – one of the oldest and largest shipping companies in the world (established in 1885). NYK is quoted on the Tokyo Stock Exchange, has a total of 35,000 employees and generates annual revenues of approximately US$ 20 billion.


 


View source version on businesswire.com: https://www.businesswire.com/news/home/20241015945631/en/



Permalink

https://www.aetoswire.com/en/news/1510202442143


Contacts

James Canham-Ash, Manhattan Associates

Marilyn Mace, Yusen Logistics

Email: jash@manh.com

Email: marilyn.mace@uk.yusen-logistics.com


 

Interactive Brokers Opens New Office in DIFC Dubai

GREENWICH, Conn. - Wednesday, 16. October 2024


Investors in the UAE and GCC Benefit from IBKR’s Global Trading Expertise


(BUSINESS WIRE) -- Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, today announced the opening of a new office in Dubai International Financial Center (DIFC). Through this new office, Interactive Brokers will establish its presence in the Middle East, complementing its existing strategy of providing global clients with a cost-effective brokerage service that easily facilitates access to global markets trading. Active traders, high-net-worth investors, and a range of wealth management institutions, including local banks, hedge funds and family offices in the region, can take advantage of Interactive Brokers’ powerful trading technology and tools, competitive pricing, and a broad selection of investment products.


The financial services industry continues to grow in the UAE and throughout the GCC region as more individuals seek to engage with financial markets actively. With over three million clients in over 200 countries and territories, Interactive Brokers serves a global client base and is well-suited to meet the financial objectives of self-directed individual and institutional investors in this developing area.


Interactive Brokers clients can trade on 150 markets to invest in global stocks, options, futures, currencies, bonds, funds, and more from a single unified platform. With the ability to fund and trade accounts in up to 27 currencies, investors can easily create diversified portfolios across different regions and markets. In addition, this broad range of products allows them to navigate political or economic uncertainties and pursue global investment opportunities.


For financial advisors, Interactive Brokers’ turnkey wealth-management solution helps professionals build a competitive advantage, efficiently manage their businesses, and serve their clients at low cost. Family offices can access global markets, advanced trading platforms and cash management tools so portfolio managers can focus on managing assets. Interactive Brokers also provides all-in-one prime brokerage services for introducing brokers and hedge funds, including trading, clearing, custody, and reporting.


“Opening an office in DIFC underscores our commitment to focusing on clients in this important region and connecting investors worldwide to global markets,” said Milan Galik, Chief Executive Officer of Interactive Brokers. “DIFC is quickly becoming a global financial hub known for embracing technology, and we are pleased to solidify our presence in the market and serve local investors.”


Establishing an office in DIFC extends Interactive Brokers’ global scope and will help Interactive Brokers grow in the Middle East and North Africa region and surrounding countries.


Interactive Brokers’ office in DIFC is established as a branch with a Category 4 license from the Dubai Financial Services Authority (DFSA), the independent regulator of financial services conducted in or from DIFC. The office will service clients in and from DIFC by arranging access to brokerage and associated services delivered by or through Interactive Brokers in the UK.


For additional information about Interactive Brokers (U.K.) Limited (DIFC Branch), please visit: Interactive Brokers (U.K.) Limited (DIFC Branch)


The Best Informed Investors Choose Interactive Brokers


About Interactive Brokers Group, Inc.:


Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities, and foreign exchange around the clock on over 150 markets in numerous countries and currencies from a single unified platform to clients worldwide. We serve individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation have enabled us to equip our clients with a uniquely sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments. Interactive Brokers has consistently earned recognition as a top broker, garnering multiple awards and accolades from respected industry sources such as Barron's, Investopedia, Stockbrokers.com, and many others.


 


View source version on businesswire.com: https://www.businesswire.com/news/home/20241016113876/en/



Permalink

https://www.aetoswire.com/en/news/1610202442205


Contacts

Contacts for Interactive Brokers Group, Inc. Media: Katherine Ewert, media@ibkr.com