Insuretech POSP Behemoth Turtlemint Clocks 110 % Growth in Pandemic Year

Focus on digital model with 120,000+ advisors ensures high health insurance penetration in Tier 2 & 3 cities.

Mumbai, August 31, 2021: Turtlemint, India’s largest POSP InsurTech platform leveraged it’s unique (advisor meets customer via platform) hybrid model and is one of the few rare companies to clock an incredible growth amidst one of the toughest business years in recent times.

Turtlemint- One of the pioneers in the offline-online model in India, currently operates the largest PoSP networks in the country through its presence in more than 5000+ metros, cities, and towns covering 14,000+ pin codes. It has more than 120,000 advisors on board who use the platform to access multiple insurance products and ensures penetration to the grassroots. The company plans to further expand its network across India with an aim to on board 1 million advisors by FY 25. Further, it is upbeat about covering all 19,000 pin codes in India by penetrating deeper into tier II and tier III cities, in alignment with the national agenda of financial inclusion.

Turtlemint saw a growth of 110% in health insurance in Q1 FY 2021-22 as compared to Q1 FY2020-21. It also saw a growth of 161% coming from Gujarat and Maharashtra during the same period. The average sum insured for health policies increased by 21% as compared to the same quarter last year. Also, the number of lives covered per policy went up to 3.1 in Q1 FY 2021-22 from 1.9 in Q1 FY2020-21.

Mr. Dhirendra Mahyavanshi, Co-Founder, Turtlemint said, “We recognised early on that insurance advisors are the most integral cog in the insurance ecosystem as most people are inclined to purchase insurance from their trusted advisor. Which is why we have always focused on empowering insurance advisors with the right technology tools that can help them educate their customers about insurance, create seamless customer interactions and on-boarding, and even upskill themselves.

Dhirendra

As a result, Turtlemint advisors have done almost 2.5x times their regular business by adopting the digital tools. Thus, achieving this significant milestone of adding 1,20,000 insurance advisors on our PoSP network is not only a validation of our efforts but indicative of the fact that we are already a few steps closer to achieving our overarching goal of universal insurance. We have remained tethered to our offline-online approach and this has helped us grow at a strong clip even during the challenging environment that stemmed from the COVID-19 pandemic ”.

At a time when digital companies are planning to open brick and mortar distribution channels to expand their business, Turtlemint, with its unique PoSP model and commitment to core values, continues to be a market leader and grow in the Online space.

The proprietary mobile application of Turtlemint which has more than 1 million downloads has empowered the insurance advisor with various digital tools. Through the single window application the advisor can offer more than 100 products from 50+ insurers across heath, motor & life insurance products to their clients. Quotes can be done within 2 minutes with an elaborate comparison. Information like brochures, educational videos, blogs etc. can be shared through email, whatsapp to the customers. Instant issuance of policies, lead management system, online training & certification, educational video content and courses to upskill an advisor are important feature of the application.

About Turtlemint

Turtlemint.com was started in April 2015. Founded by IIT-B & IIM-C alumni, with a combined work experience of more than 30 years in insurance and technology companies. Today, the platform has a PoSP network of over 120,000 that cater to more than 1.5 million customers. It has also fostered partnerships with an overwhelming majority of Indian insurance providers. Headquartered in Mumbai the company offers insurance advisory solutions through the mobile platform and has a Pan India presence in more 5000+ metros, cities, and towns.

Creating a Scientific Temper Among the Citizens is as Important as Creating a Vibrant, Efficient Society: Former ISRO Chairman and Chairman of NEP Committee

Dr. K. Kasturirangan

Dr. K. V Rao Scientific Society’s 21st Annual Science Awards Presentation Held

Creating a scientific temper among the citizens is as important as creating a vibrant and efficient society: Dr. K. Kasturirangan, former Chairman ISRO and Chairman of the National Education Policy (NEP) committee

25000 students benefitted from Dr.K.V. Rao Society’s initiatives

Hyderabad August 31, 2021…….Dr. K. V. Rao Scientific Society’s 21st Annual Science Awards Presentation held online today.

Dr. K. Kasturirangan, former Chairman Indian Space Research Organisation (ISRO), and currently Chancellor of Central University Rajasthan and NIIT University delivered the 21stAnnual Memorial Oration “My Tryst with Space and Beyond”.

Speaking on the occasion he said, he was happy to note that the society was founded by Dr. K.V. Rao, who worked for in the Department of Mines in the Nizam State and later in the Geological Survey of India, one of the oldest scientific organizations in the country.

It is interesting to note that Dr. K. V. Rao Scientific Society was formed in 2001 with a view to promote and popularise science, particularly among school children and enthuse and support young scientists in pursuit of their scientific activities said Dr. K. Kasturirangan.

Dr. K. Kasturirangan further said Creating Scientific temper which is as important as creating a vibrant society.

The Mobile Science Lab initiative of Dr KV Rao Society is is going to be equally innovative and exciting he said.

The Chairman of the National Education Policy (NEP) committee. Dr. Kasturirangan spoke about the research being done in astronomy and space science by Indian scientists and the opportunities for the students in the field are immense. He also spoke about the salient features of the New Education Policy .

The KV Rao Scientific Society had embarked on its journey of science promotion and popularization since 2001 and has been involved in encouragement of child scientists and of young scientists in pursuit of science and research. More than 25000 students got benefitted from its activities in the past 21 years. It will impact 5000 students each year in the coming years,

The Society completed 21 years of service to science. Spotting the talent and recognizing it has been the main focus of KVRSS for many years. However, in the last couple of years, recognizing the importance of mentoring, KVRSS has started activities in this direction also. The initiative was given an impetus with a couple of funding agencies coming forward to support two activities, (i) a Science Innovation Lab by Electronic Arts (EA) Hyderabad. The Innovation lab is now well equipped and ready to be used and was inaugurated on 31st by the esteemed Guest, Dr. K. Kasturirangan. (ii) a Mobile Science Lab funded by Orange County Community Fund, (OCCF) California. The mobile science lab development is under progress and we plan to commission it in a couple of months.

Dr. K. Kasturirangan presented 1st SMART(Science Meets ART) Awars and 10th SPARK Innovation Awards, 21st Annual Research Awards.

1st SMART (Science Meets ART) Awards: To celebrate the National Science Day and to let school students visualize science, a competition of drawing/ painting was conducted. A record 662 students from various schools across India participated of which 5 were selected for awards.

SMART (Science Meets ART) Awardees

1. Winner
   Bhavin Saurabh Gupta
   School: Manthan International School, Hyderabad, Telangana.
   Topic: Evolution
2. Runner – Up I
3. Avishi Bansal
   School: Delhi Public School, R K Puram, New Delhi.
   Topic: Science’s ability to Develop
4. Runner – up II
   Akshra Singh
   School: Delhi Public School, Kanpur, Uttar Pradesh.
   Topic: Newton’s Law

10th SPARK Innovation Awards: This event is organized to stimulate the young minds of India, We received 285 projects from various schools across 19 states of India of which 40 were selected for final presentations held online. A panel of eminent scientists and science teachers judged the projects by the students. The winners and runners were given cash awards, and certificates.

Bhoutikam - Physics

1. Winners
   Joe Daniel, Teja Narasimha Rao & Gedela Bodhisatva
   SBOA School and Junior College, Chennai, Tamil Nadu
   Project Title: "Electronic Security Braking System(ESBS)"
2. Runners Up I
   Aayush Bhansali
   Delhi Public School, Greater Noida, New Delhi.
   Project Title: "Super Energy Saver for Longer Battery Life and Reducing E-Waste"

Jeevanam– Biology

1. Winners
   Shashwat S Nair & Arnav Dixit
   Venkateshwar International School, New Delhi
   Project Title: "NeerSanchayan: S-shalankund (Water Conserving Smart Sink)"
2. Runner up – I
   B Anjali
   Venkateshwar International School, New Delhi.
   Project Title: “SHVAASK- The Respobuddy”

Rasayanam– Chemistry

1. Winner
   Siddhanth Singh
   Venkateshwar International School, New Delhi.
   Project Title: “Cyanobacteria Neutralizer and Ocean Cleaner (CYNOC)”
2. Runner Up - I
   Bhavay Garg &Shubham Gupta
   Maharaja Agarsain Public School, New Delhi.
   Project Title: "Pollution Check-O-Meter"

Ganitam – Math

1. Winner
   S HariniHemavarshini
   Shristi Vidyashram Senior Secondary School, Vellore, Tamil Nadu.
   Project Title: "Playing with Powers"
2. Runner Up – I
   Anand Kumar Sah
   Army Public School, Raiwala Military Station, Uttarakhand
   Project Title: “T-Ratio Calculator (TRIC)”

21st Annual Research Awards: To encourage research in basic sciences the Society has instituted these awards in the broad fields of Bhoutikam, Rasayanam, Jeevanamand Ganitam. Students below the age of 30 years and actively involved in research in various states of India are given awards. This year the event was open to students from across India and 212 students participated from 22 states of India. 12 students, 3 each category received the awards.

Research Awardees

GANITAM-(MATH) Awardees

1. Winner
   Arvind Kumar
   Indian Institute of Technology, Madras, Chennai, Tamil Nadu
   Project Title: "Regularity of powers of quadratic sequences with applications to binomial ideals"
2. Runner Up – I
   Kousik Dhara
   Indian Institute of Technology, Madras, Chennai, Tamil Nadu
   Project Title: "The (n, ϵ)-pseudospectrum of an element of a Banach algebra"
3. Runner Up – II
   Kalane Sagar
   Indian Institute of Science Education and Research (IISER), Mohali, Punjab.
   Project Title: "Classification of pairs of quaternionic hyperbolic isometries"

Bhoutikam - Physics -awardees

1. Winner
   Subhajit Sinha
   Tata Institute of Fundamental Research, Mumbai, Maharashtra.
   Project Title: “Bulk Valley Transport in Twisted Double Bilayer Graphene”
2. Runner Up I
   Leelashree S
   University of Hyderabad, Hyderabad, Telangana.
   Project Title: “Structural and Magnetic Properties of Room Temperature Multiferroic Lu0.9Ho0.1FeO3”
3. Runner Up II
   Seemesh Bhaskar
   Sri Sathya Sai Institute of Higher Learning, Puttaparthi, Andhra Pradesh
   Project Title: “Hybrid Soret Nano-assembly for Ultrasensitive Surface Plasmon-Coupled Emission and Photonic Crystal-Coupled Emission Interfaces”

Jeevanam - Biology awardees

1. Winner
   Tushna Kapoor
   Tata Institute of Fundamental Research, Mumbai, Maharashtra.
   Project Title: “Nanoscale indentation of plasma membrane establishes a Contractile actomyosin scaffold through selective activation of the Amphiphysin-Rho1-Dia/DAAM and Rok pathway”
2. Runner Up I
   Vinayak Sadasivam Tumuluri
   Indian Institute of Science Education and Research (IISER), Pune, Maharashtra.
   Project Title: “Mechanism of DNA cleavage by the endonuclease SauUSI – a major barrier to horizontal gene transfer and antibiotic resistance in Staphylococcus aureus”
3. Runner Up II
   Ujjayinee Ray
   Indian Institute of Science, Bangalore, Karnataka
   Project Title: "Identification and Characterization of Novel Inhibitors of Nonhomologous End Joining: Implications in DNA Double-Strand Break Repair and Cancer Therapy”

Rasanayam - Chemistry awardees

1. Winner
   Amreen Kaur Bains
   Indian Institute of Science Education and Research (IISER) Mohali, Punjab.
   Project Title:“Ni-Catalyzed Borrowing- Hydrogen Reactions via Hydrogen Atom Transfer (HAT)”
2. Runner Up I
   Pallavi Thakur
   Tata Institute of Fundamental Research, Hyderabad, Telangana.
   Project Title: “Cobalt Nanoparticles Dispersed Nitrogen Doped Graphitic Nano spheres based Rechargeable High Performance Zinc-Air Batteries”
3. Runner Up II
   Bidushi Sarkar
   Indian Institute of Science, Bangalore, Karnataka
   Project Title: “Chromium nitride nanoparticles supported on N-doped graphitic carbon heterostructure as electrocatalyst for oxygen reduction reaction”

Though the year 2020-21 has been globally stressful, KVRSS converted its programmes online and not only managed to conduct most of them, but the events were conducted for students across India. The response has been great and record number of students participated in the events

Standard Industries Announces Bob Patel to Join as CEO of W. R. Grace

Business Wire India

Appointment to Take Effect January 2022

Brings Over 30 Years of Experience Transforming Industrial Businesses

Standard Industries Holdings (“Standard”), a privately-held global industrial company, today announced, in anticipation of the closing of its acquisition of W. R. Grace (“Grace”), that Bhavesh V. (Bob) Patel will join the company as CEO of Grace, effective January 2022.

 

“We’re thrilled to welcome Bob to the Standard family as CEO of W. R. Grace,” said David Winter and David Millstone, Co-CEOs of Standard Industries. “Bob has for decades been a visionary leader in the industry, with a record of transforming businesses to achieve robust, sustainable growth. He has proven himself to be the right person to lead Grace’s exceptional team and help architect Standard’s investment in the advanced materials space. He will be instrumental in taking Grace into its next chapter as we ensure a seamless transition post-close and embark on an ambitious growth strategy.”

 

Patel will join Standard from LyondellBasell, where he has served as Chief Executive Officer since 2015 and led a period of extraordinary growth for the company. From 2010 to 2014, Patel led significant restructuring efforts in both the U.S. and Europe to optimize the company’s cost structure and geographic footprint. Throughout his time at LyondellBasell, he significantly increased earnings power through a number of strategic investments—including acquiring A. Schulman and building world-scale manufacturing facilities—and greatly expanded the company’s sustainability initiatives. During his tenure, LyondellBasell was named to Fortune Magazine’s “World’s Most Admired Companies” list for four years in a row. Prior to joining LyondellBasell in 2010, Patel spent 20 years at Chevron Phillips Chemical Co., where he held positions in manufacturing and led several businesses in the U.S. and Asia.

 

“It’s a privilege to join Standard Industries and to be asked to lead W. R. Grace through its next chapter,” Patel said. “Grace is an iconic company and a fundamentally strong business driven by its exceptionally talented employees. I look forward to working with the leadership team at Grace to take the company to new heights.”

 

Patel will succeed Hudson La Force, who has served as CEO of Grace since 2018. Under La Force’s leadership, Grace has made significant investments to deliver higher growth in its catalysts and materials businesses. La Force will continue as CEO until the end of the year and will join Standard’s advisory board in January 2022.

 

“Hudson is an exemplary leader who has been instrumental in building Grace into the leading global chemicals business it is today. We appreciate his continued service as CEO through the end of the year and are excited to welcome him to Standard’s advisory board,” said Winter and Millstone.

 

About Standard Industries:

 

Standard Industries is a privately-held global industrial company operating in over 80 countries with over 15,000 employees. The Standard ecosystem spans a broad array of holdings, technologies and investments—including both public and private companies from early to late-stage—as well as world-class building materials assets and next-generation solar solutions. Throughout its 140-year history, Standard has leveraged its deep industry expertise and vision to create outsize value across its businesses, which today include operating companies GAF, BMI, Siplast, GAF Energy, Schiedel and SGI, as well as related businesses 40 North, a multi-billion-dollar investment platform, 40 North Ventures and Winter Properties.

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20210831005554/en/

Wipro and HERE Partner to Provide Location-Based Services and Analytics for Customers Globally

Business Wire India

• Location planning for smart metering and field service management are key areas of collaboration
• HERE Tracking to enable monitoring and tracking on a real-time basis
   

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, and HERE Technologies, the location data and technology platform, today announced that they are partnering to offer location-based services, to customers from Energy & Utilities, Manufacturing, Transport & Logistics, Telecom and Automotive industry verticals. 
 
As part of this announcement, Wipro and HERE will be jointly developing solutions in the areas of asset tracking, logistics, supply chain, smart-metering and analytics, field workforce management, and private mapping-as-a-service for indoor and outdoor real-time asset tracking.
 
An Internet of Things (IoT) based smart metering solution being developed by both companies, will provide better information to customers on energy consumption and asset management. The HERE mapping-as-a-service solution enables enterprises to build private maps in the field and manage their autonomous vehicles more efficiently, by providing information to their drivers on routing time, speed, fuel consumption and hazardous conditions. HERE Tracking will help Wipro’s customers monitor and track assets, field engineers and supply chain on a real-time basis both indoor and outdoor, as well as provide analytics to build operational efficiencies.
 
Sarat Chand, Regional Head & Managing Director - Benelux, Wipro Limited said, “We are happy to be partnering with HERE Technologies to co-develop customized solutions, for customers who require location as a key component of their services. We are excited about the future of this partnership and the potential it offers in the journey towards an autonomous world.”
 
Jason Jameson, SVP & General Manager, APAC, HERE Technologies said, “We are delighted to be partnering with Wipro to provide location-based services for their customers on a global level. Combined with Wipro’s solutions, HERE location technology will open up further opportunities across different industries, providing customers with more relevant and customized solutions, leading to world-class user experiences.”

Standard Industries Announces Bob Patel to Join as CEO of W. R. Grace

https://ift.tt/3jsFb0e

Business Wire India

Appointment to Take Effect January 2022

Brings Over 30 Years of Experience Transforming Industrial Businesses

Standard Industries Holdings (“Standard”), a privately-held global industrial company, today announced, in anticipation of the closing of its acquisition of W. R. Grace (“Grace”), that Bhavesh V. (Bob) Patel will join the company as CEO of Grace, effective January 2022.

 

“We’re thrilled to welcome Bob to the Standard family as CEO of W. R. Grace,” said David Winter and David Millstone, Co-CEOs of Standard Industries. “Bob has for decades been a visionary leader in the industry, with a record of transforming businesses to achieve robust, sustainable growth. He has proven himself to be the right person to lead Grace’s exceptional team and help architect Standard’s investment in the advanced materials space. He will be instrumental in taking Grace into its next chapter as we ensure a seamless transition post-close and embark on an ambitious growth strategy.”

 

Patel will join Standard from LyondellBasell, where he has served as Chief Executive Officer since 2015 and led a period of extraordinary growth for the company. From 2010 to 2014, Patel led significant restructuring efforts in both the U.S. and Europe to optimize the company’s cost structure and geographic footprint. Throughout his time at LyondellBasell, he significantly increased earnings power through a number of strategic investments—including acquiring A. Schulman and building world-scale manufacturing facilities—and greatly expanded the company’s sustainability initiatives. During his tenure, LyondellBasell was named to Fortune Magazine’s “World’s Most Admired Companies” list for four years in a row. Prior to joining LyondellBasell in 2010, Patel spent 20 years at Chevron Phillips Chemical Co., where he held positions in manufacturing and led several businesses in the U.S. and Asia.

 

“It’s a privilege to join Standard Industries and to be asked to lead W. R. Grace through its next chapter,” Patel said. “Grace is an iconic company and a fundamentally strong business driven by its exceptionally talented employees. I look forward to working with the leadership team at Grace to take the company to new heights.”

 

Patel will succeed Hudson La Force, who has served as CEO of Grace since 2018. Under La Force’s leadership, Grace has made significant investments to deliver higher growth in its catalysts and materials businesses. La Force will continue as CEO until the end of the year and will join Standard’s advisory board in January 2022.

 

“Hudson is an exemplary leader who has been instrumental in building Grace into the leading global chemicals business it is today. We appreciate his continued service as CEO through the end of the year and are excited to welcome him to Standard’s advisory board,” said Winter and Millstone.

 

About Standard Industries:

 

Standard Industries is a privately-held global industrial company operating in over 80 countries with over 15,000 employees. The Standard ecosystem spans a broad array of holdings, technologies and investments—including both public and private companies from early to late-stage—as well as world-class building materials assets and next-generation solar solutions. Throughout its 140-year history, Standard has leveraged its deep industry expertise and vision to create outsize value across its businesses, which today include operating companies GAF, BMI, Siplast, GAF Energy, Schiedel and SGI, as well as related businesses 40 North, a multi-billion-dollar investment platform, 40 North Ventures and Winter Properties.

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20210831005554/en/

IDEMIA Partners With KT Corporation to Support Launch of Asia-Pacific’s 1st 5G Standalone Network and 5G SIM

https://ift.tt/38pMBer

Business Wire India

IDEMIA will supply KT Corporation its eXtra One 5G USIM (Universal Subscriber Identity Module), a dedicated 5G SIM card giving enhanced subscriber privacy protection and fast, seamless connectivity in South Korea, while marking a big development leap forward and boosting consumer 5G handset adoption.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210830005442/en/

 

(Photo: Business Wire)

IDEMIA, the global leader in Augmented Identity, today announced it plans to team up with KT Corporation (formerly Korea Telecomm) to launch KTC’s first standalone (SA) 5G USIM card in Asia-Pacific in support of their new 5G standalone network.

 

Under this partnership, IDEMIA will supply KTC 5G standalone USIM cards with NFC (near-field communication) features. The 5G standalone USIM delivers better security for MNO (Mobile Network Operator) network customers as the cards are specially designed to protect customer privacy. Through the USIMs IMSI (International Mobile Subscriber Identity) encryption capability, MNO customer private data such as location and network usage habits will be protected by the fact that mobile users’ IMSI numbers are encrypted before transmission to networks. The card safeguards MNOs’ control over their 5G security and data. Compliant with global privacy regulations and recommended by the Trusted Connectivity Alliance (TCA), 5G USIM cards are also compatible with 5G non-stand alone (NSA) networks, 4G networks and South Korea’s NFC contactless payment schemes.

 

“We constantly push the boundaries at IDEMIA, and launching our eXtra One 5G SA USIM cards in Asia for the first time is testament to this. We have worked with KT Corporation for many years going back to the 3G era, and we are thrilled to join forces once more to bring to market a truly groundbreaking product. We look forward to support their efforts in delivering a smoother, more modern experience to South Korean customers,” said Benson Yeo, IDEMIA Asia Pacific Mobile Operators Vice President.

 

“It’s just a matter of time before 5G becomes the new global communication standard. We partner with IDEMIA to stay ahead of the curve and ensure that our users’ privacy and data are totally safe while they enjoy the benefits of our 5G networks. Our past great teamwork with IDEMIA gives us confidence they have the expertise and capability to create these game-changing 5G SA USIM cards for our customers”, said Joon-Ho Lee, Device Team Leader, Device Division, KT Corporation.

 

-END-

 

About IDEMIA

 

IDEMIA, the global leader in Augmented Identity, provides a trusted environment enabling citizens and consumers alike to perform their daily critical activities (such as pay, connect and travel), in the physical as well as digital space.

 

Securing our identity has become mission critical in the world we live in today. By standing for Augmented Identity, an identity that ensures privacy and trust and guarantees secure, authenticated and verifiable transactions, we reinvent the way we think, produce, use and protect one of our greatest assets – our identity – whether for individuals or for objects, whenever and wherever security matters. We provide Augmented Identity for international clients from Financial, Telecom, Identity, Public Security and IoT sectors. With close to 15,000 employees around the world, IDEMIA serves clients in 180 countries.

 

For more information, visit www.idemia.com / Follow @IdemiaGroup on Twitter

 

About IDEMIA’s Mobile Operators Business unit

 

IDEMIA serves clients in 180 countries and is trusted by over 500 mobile operators globally. With over 900 million SIM cards, 100 + eSIM platform references and over 2.2 eSIM consumer transactions in 2020, IDEMIA is leading the way in eSIM and remote subscription management for consumer and M2M spaces and end-to-end biometric solutions. Making MNOs the next identity providers. IDEMIA benefits from its global manufacturing footprint (Brazil, France, India and China) and cutting-edge security data centers in Europe and the United States. Our solutions are trusted by the largest Groups worldwide. Our continuous innovation is fueled by strong R&D investments and close partnerships in IoT/M2M - Connectivity - Biometrics – Security – Encryption – QoS/QoE – Advanced SIM & services areas.

 

About KT Corporation

 

KT Corp., Korea's largest telecommunications service provider, is leading the new era of innovations in one the world's most connected countries with 5G, Big Data, Cloud, IoT, Blockchain and other transformative technologies. KT launched the world's first nationwide commercial 5G network in April 2019, after showcasing the first trial 5G services at the PyeongChang Winter Olympic Games in February 2018. To help cope with COVID-19, KT is staging a social campaign, dubbed "Ma-Eum:TACT (Heart to Heart)," providing technology support for people and businesses in need. KT will deliver most essential and innovative services and solutions to its customers around the world as the first frontier in the next technology revolution and number one Global ICT Company.

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20210830005442/en/

Cloud Native Leader Lightbend Joins Forces with Global IT Services Giant Hexaware to Deliver Scalable Back-End Services for Business-Critical Applications

Hexaware to leverage Lightbend’s revolutionary reactive technology and innovative distributed state to enable joint customers to build scalable, resilient, cloud native services and applications

SAN FRANCISCO and MUMBAI, India, Aug. 31, 2021 (GLOBE NEWSWIRE) -- Lightbend, the company providing cloud native microservice frameworks for some of the world’s largest brands, today announced a partnership with global IT services leader Hexaware. Under the terms of this relationship, Hexaware will leverage Lightbend’s award-winning Akka Platform and new Akka Serverless technology to help their joint customers create transformative solutions with an eye to customer satisfaction. Hexaware will also provide consulting to our joint customers on how to get the most out of Lightbend technologies as these enterprises build new cloud-native applications designed to serve millions of users in real-time.

“The vast majority of our customers are prioritizing the creation of cloud native applications that enable them to compete more effectively,” said Mohandeep Singh, Hexaware’s Head Hi-Tech and Platforms North America. “What is needed is a data-centric backend application architecture that can handle the volume of data required for today’s applications at extremely high performance. Right now, Lightbend has a great solution in the industry using stateful microservices and serverless technology for these specific needs. We want to help our customers leverage this technology to meet their critical business objectives.”    

Lightbend’s solutions are based on the powerful Akka Platform technology, a leading framework for building large-scale distributed applications. With more than 20 million downloads annually, Akka is one of the most used programming models for cloud native applications running on containers on Kubernetes.

“Hexaware’s service portfolio for digital transformation is unparalleled in the industry. Its team’s expertise and customer base is a perfect match for the Akka Platform,” said Rakesh Patel, Lightbend Head of Global System Integrators. “Together, we will be able to help developer teams build and maintain the advanced and complex cloud services in the world.”

In addition to helping Hexaware’s customers build their own services using the Akka Platform, Lightbend will also make available its Akka Serverless solution, a unique, first-of-its-kind Platform-as-a-Service (PaaS) offering that sets a new standard for cloud native application development. Akka Serverless is based on a revolutionary new architecture that removes the historical limitations that prevented the development of general-purpose, business-critical applications using the serverless model, enables the creation of cloud native apps using any programming language, and eliminates the need for databases in deploying business-critical applications.

Lightbend and Hexaware are singularly positioned to help organizations transform their business-critical applications. Hexaware brings the cloud migration and modernization capabilities of Amaze© with the expertise to leverage the best of Lightbend technologies to help customers deploy at scale and quickly recover from failure while capturing incremental revenue and realizing efficiencies.

About Lightbend
Lightbend (@Lightbend) is leading the enterprise transformation toward real-time, cloud-native applications and setting the standard for cloud native architectures. Lightbend provides scalable, high-performance microservices frameworks and streaming engines for building data-centric systems that are optimized to run on cloud-native infrastructure. Lightbend powers the world’s most innovative companies. For more information, visit www.lightbend.com.

About Hexaware

Hexaware is a global IT services company empowering businesses worldwide to realize digital transformation at scale and speed. Our three-pronged strategy of Automate Everything®, Cloudify Everything® and Transform Customer Experiences® endeavors to drive human-machine collaboration for solving complex business problems. We enable future-ready organizations and market leaders to create lasting business value by helping them offer touchless immersive customer experiences through full-cloud enablement, digital product engineering and extreme automation.

We serve customers in Banking, Financial Services, Capital Markets, Healthcare, Insurance, Manufacturing, Retail, Education, Telecom, Hi-Tech & Professional Services (Tax, Audit, Accounting and Legal), Travel, Transportation and Logistics. We deliver highly evolved services in Rapid Application prototyping, development and deployment; Build, Migrate and Run Cloud solutions; Automation-based Application support; Enterprise Solutions for digitizing the back-office; Customer Experience Transformation; Business Intelligence & Analytics; Digital Assurance (Testing); Infrastructure Management Services; and Business Process Services.

We believe technology is a magical thing, and our purpose is to create smiles through great people and technology. Headquartered in New Jersey for North America, London for Europe and Singapore for the Asia Pacific, Hexaware services customers in over two dozen languages from every major time and regulatory zone.

Learn more about Hexaware at http://www.hexaware.com
Take an immersive 360° virtual tour of our campuses worldwide at https://www.hexawareimmersive.com

Editorial Contacts:
Joanne Harris
Lightbend
+1 425 295 1373
joanne.harris@lightbend.com

Nichols Communications for Lightbend
Jay Nichols
+1 408 772 1551
jay@nicholscomm.com

Sreedatri Chatterjee
Hexaware Technologies Limited
Tel: +91 900 426 3405
E-mail: sreedatric@hexaware.com

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Delaware Court Grants Ebix’s Motion to Dismiss in Lawsuit Filed by Yatra Online, Inc.

JOHNS CREEK, Ga., Aug. 31, 2021 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, e-governance and healthcare industries today announced that Vice Chancellor Joseph R. Slights III has granted Ebix’s motion to dismiss in its entirety the Delaware Chancery Court suit filed by Yatra Online, Inc. in June 2020.

About Ebix, Inc.
With 150+ offices across 6 continents, Ebix, Inc., (NASDAQ: EBIX) endeavors to provide On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries. In the insurance sector, Ebix’s main focus is to develop and deploy a wide variety of insurance and reinsurance exchanges on an on-demand basis, while also, providing Software-as-a-Service ("SaaS") enterprise solutions in the area of CRM, front-end & back-end systems, outsourced administration and risk compliance services, around the world.

With a “Phygital” strategy that combines over 320,000 physical distribution outlets in India and Association of Southeast Asian Nations (“ASEAN”) countries, to an omni-channel online digital platform, the Company’s EbixCash Financial exchange portfolio encompasses leadership in the areas of domestic and international money remittance, foreign exchange (Forex), travel, pre-paid & gift cards, utility payments, software solutions for lending, wealth management, travel, bus exchanges and insurance in India and other markets. EbixCash’s Forex operations have emerged as a leader in India’s airport Foreign Exchange business with operations in 13 international airports, combined conducting over $4.8 billion in gross transaction value per year (pre-COVID-19). EbixCash’s inward remittance business in India processes approximately $5 billion in gross annual remittance volume (pre-COVID-19) and is the clear market leader. EbixCash Travel is also one of Southeast Asia’s leading travel exchanges with over 200,000 agents, 25 branches and over 9,800 corporate clients, combined processing an estimated $2.5 billion in gross merchandise value per year (pre-COVID-19).

Through its various SaaS-based software platforms, Ebix employs thousands of domain-specific technology professionals to provide products, support and consultancy to thousands of customers on six continents. For more information, visit the Company’s website at www.ebix.com

CONTACT:

Darren Joseph
678 -281-2027 or IR@ebix.com

David Collins or Chris Eddy
Catalyst Global - 212-924-9800 or ebix@catalyst-ir.com

 

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SpaceX Makes Space Delivery of Ice Cream for Astronaut's 50th Birthday

Image Credits - Rubi Lian@Twitter

After a day in transit, a SpaceX’s cargo ship showed up on August 30 at the International Space Station (ISS), carrying ice cream and other birthday treats for NASA astronaut Megan McArthur's 50th birthday.

"No one’s ever sent me a spaceship for my birthday before. I appreciate it," Megan radioed after the capsule arrived.

Launched on August 29 from NASA’s Kennedy Space Center, the capsule contains lemons, cherry tomatoes, avocados and ice cream for McArthur and her six crewmates, along with a couple tons of research and other gear.

What a great birthday dinner with my Expedition 65 crew mates! My #SpaceBrothers went all out: quesadillas and tortilla-pizzas with real cheese! Cookie decorating! Cake with chocolate “candles”! We haven’t unpacked the ice cream yet, so I guess that means a 2nd party? 🌮🍕🎂 pic.twitter.com/h0D85fz6ei

— Megan McArthur (@Astro_Megan) August 30, 2021

Megan is currently serving as Pilot of the NASA SpaceX Crew-2 mission to the ISS, which launched on April 23, 2021. In completing her first space mission, McArthur has logged almost 13 days in space.

Velodyne Lidar and MOV.AI Partner to Provide Autonomous Solutions for Industrial and E-Commerce Robotics

Business Wire India

Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) and MOV.AI today announced the companies are collaborating to provide robot manufacturers with enterprise-grade automation solutions, including mapping, navigation, obstacle avoidance and risk avoidance. The MOV.AI Robotics Engine Platform^TM, combined with Velodyne’s lidar sensors, addresses the growing demand for automation in dynamic collaborative environments such as e-commerce, logistics, manufacturing and hospitals.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210831005234/en/

 

Velodyne Lidar and MOV.AI are collaborating to provide robot manufacturers with enterprise-grade automation solutions, including mapping, navigation, obstacle avoidance and risk avoidance. (Photo: MOV.AI)

The MOV.AI Robotics Engine Platform^TM, powered by Velodyne’s Puck™ lidar sensors, delivers advanced tools that allow autonomous mobile robots (AMR) manufacturers and integrators to address the challenges of safely moving in changing and unstructured environments like material handling and warehouse logistics. These markets are being driven by the dramatic growth of e-commerce. For instance, the pandemic helped propel U.S. online sales to $791 billion in 2020, up 32 percent from the prior year, according to the U.S. Department of Commerce.

 

The Robotics Engine Platform helps AMR manufacturers quickly develop and deploy robots that can operate in dynamic environments in which humans, manual machines and robots work side by side. The platform leverages the performance and reliability of the Puck sensor to allow mobile robots to traverse outside controlled situations and safely function in unfamiliar and unpredictable settings. The Puck’s compact form factor enables it to be embedded easily into robots. The sensor delivers high accuracy in complex indoor and outdoor environments.

 

The MOV.AI ROS-based Robotics Engine Platform^TM provides AMR manufacturers and automation integrators with the enterprise-grade tools they need for advanced automation. It includes a visual Integrated Development Environment (IDE), off the shelf algorithms and integrations, fleet management, flexible interfaces with warehouse environments such as ERP and WMS, and cyber-security compliance. The solution provides ±2 cm accuracy for a 65 percent dynamic environment.

 

“Adding MOV.AI and Velodyne technologies to TUGBOT.ai provided our robot with an off-the-shelf, high-accuracy navigation and localization solution for the high and dynamic environments where we are deploying our AMRs,” said Fernando Freitas, CEO at RoboSavvy, manufacturer of the AMR TUGBOT.ai. “Using lidar-based SLAM enables TUGBOT.ai to navigate safely among people and other vehicles with accurate and consistent performance.”

 

“MOV.AI’s mission is to simplify collaborative robot development and to provide AMR manufacturers and integrators with everything they need to develop and operate great robots,” said Motti Kushnir, MOV.AI’s CEO. “Through the collaboration with Velodyne, we are able to offer our customers advanced SLAM navigation powered by the Puck, one of the world’s leading lidar sensors. Use of our Robotics Engine Platform allows AMR manufacturers to quickly implement state-of-the-art navigation, while leaving them the ability to customize it to their needs.”

 

“We are very excited about the collaboration with MOV.AI and integration of our lidar sensors into the Robotics Engine Platform, including future expansion to our solid state Velarray and Velabit products,” said Erich Smidt, Executive Director of Europe, Velodyne Lidar. “There is a growing demand for automation and integration of our sensors into collaborative robots. We see extensive potential in this space, with the global AMR market size is expected to reach USD 8.70 billion in 2028, with a CAGR of 23.7 percent from 2021 to 2028, according to Fortune Business Insights. Partnering with MOV.AI can enable us to bring safety, efficiency and sustainability into the industrial sector on a large, global scale.”

 

About Velodyne Lidar

 

Velodyne Lidar (Nasdaq: VLDR, VLDRW) ushered in a new era of autonomous technology with the invention of real-time surround view lidar sensors. Velodyne, the global leader in lidar, is known for its broad portfolio of breakthrough lidar technologies. Velodyne’s revolutionary sensor and software solutions provide flexibility, quality and performance to meet the needs of a wide range of industries, including autonomous vehicles, advanced driver assistance systems (ADAS), robotics, unmanned aerial vehicles (UAV), smart cities and security. Through continuous innovation, Velodyne strives to transform lives and communities by advancing safer mobility for all. For more information, visit www.velodynelidar.com.

 

About MOV.AI

 

MOV.AI is changing AMRs as we know them.

 

It provides AMR manufacturers and integrators with the tools they need to create enterprise-grade robots quickly, allowing users to benefit from automation products that are as flexible as the age we live in.

 

MOV.AI is a Robotics Engine platform based on ROS and packaged in an intuitive web based interface. It contains everything needed to build, deploy and operate intelligent robots. MOV.AI completely changes the way Autonomous Mobile Robots are developed, in terms of time to market, cost and flexibility.

 

Forward Looking Statements

 

This press release contains “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 including, without limitation, all statements other than historical fact and include, without limitation, statements regarding Velodyne’s target markets, new products, development efforts, and competition. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “can,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Velodyne’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include uncertainties regarding government regulation and adoption of lidar, the uncertain impact of the COVID-19 pandemic on Velodyne’s and its customers’ businesses; Velodyne’s ability to manage growth; Velodyne’s ability to execute its business plan; uncertainties related to the ability of Velodyne’s customers to commercialize their products and the ultimate market acceptance of these products; the rate and degree of market acceptance of Velodyne’s products; the success of other competing lidar and sensor-related products and services that exist or may become available; uncertainties related to Velodyne’s current litigation and potential litigation involving Velodyne or the validity or enforceability of Velodyne’s intellectual property; and general economic and market conditions impacting demand for Velodyne’s products and services. For more information about risks and uncertainties associated with Velodyne’s business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of Velodyne’s SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. All forward-looking statements in this press release are based on information available to Velodyne as of the date hereof, Velodyne undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20210831005234/en/

Bajaj Finserv Health to Assist Its Customers in Booking COVID-19 Vaccine Slots

Business Wire India
In a bid to accelerate the COVID-19 vaccination process, Bajaj Finserv Health Limited (BFHL), a wholly-owned subsidiary of Bajaj Finserv Limited, has collaborated with the National Health Authority (NHA) to offer COVID-19 vaccine slot booking on their website and mobile app. BFHL is a health-tech solutions business aimed at improving the health outcomes of Indian consumers through smarter, connected, and holistic care plans.
 
Customers who are willing to take the COVID-19 preventive vaccination dose can book their slot on the Bajaj Finserv Health mobile app or website, subject to fulfillment of the eligibility criteria prescribed by the Government in this regard. Customers can follow the following steps to book their vaccine slot:
 
Step 1: Download the Bajaj Finserv Health mobile app or log on to https://www.bajajfinservhealth.in/cowin and click on COVID-19 vaccination.
 
Step 2: Click on Register/Sign-in and log in using your registered mobile number and One-time Password (OTP).
 
Step 3: Add as a beneficiary or select from the saved list of beneficiary(ies) the person for whom the vaccination appointment is to be booked.
 
Step 4: Search the vaccination center in your preferred District or Pincode.
 
Step 5: Select the vaccination center and preferred date and time slot to confirm your booking.
 
Step 6: After your booking is successful, you will receive an SMS from COWIN regarding the confirmation of your appointment booking. You can also download your appointment slip from Bajaj Finserv Health mobile app or website.
 
In case vaccination slots are not currently available in your area, you can use the 'Vaccine Finder' feature, which permits you to find vaccine slots at the nearest vaccination center. With the help of 'Vaccine Finder', you can get additional information on available vaccine slots and payment details. It lets you keep an eye on vaccine slot availability in the selected area (within India) and helps you find vaccine slots accordingly.
 
BFHL offers a range of healthcare services on a single platform with the aim of providing preventive, prepaid and personalized healthcare. You can locate top doctors near you, book an appointment for online doctor consultation or schedule an in-clinic visit, book lab tests, store your medical records, get reminders for follow-up visits and avail value-optimized healthcare plans that are tailored to meet your needs. This healthcare platform offers the services of 80,000+ doctors from 35+ specialties, 700+ affiliated hospitals and 3500+ labs.

Rural-Tech and Village Commerce Startup 1Bridge Raises $2.5M

Building on momentum generated through the COVID-19 pandemic with positive tailwinds for the village-tech sector in India, Bengaluru-based village-tech enterprise RubanBridge Pvt. Ltd (1Bridge), a last-mile supply chain & distribution network focussed on the villages in rural India, has raised USD 2.5 million in a fresh round of funding.

The funding was led by Netherlands-based impact investor C4D Partners, an early investor since the last 4 years, who firmly reaffirmed its support to 1Bridge and its management team by doubling its commitment. The funding round also included participation from new investors such as KAAJ Ventures (venture fund of Silicon Valley-based serial entrepreneur and prolific angel investor BV Jagadeesh), angel investors like Prashanth Prakash, Founding Partner of Accel Partners; Puneet Jetli, technopreneur and co-founder of Happiest Minds and Aradhana D Chatterjee, a seasoned PE/VC executive. Existing angel investor Prashanth Boccasam, a US-based serial tech-entrepreneur & investor also participated in this round with a significant investment. C4D Partners and Prashanth Boccasam also acquired additional stake through a secondary transaction, providing an exit to a few early shareholders.

In addition to this, 1Bridge has also raised its maiden working capital facility from Ananya Finance for Inclusive Growth, an Ahmedabad-based Non-Banking Financial Company (NBFC) that reaches out to a large section of microfinance institutions (MFIs) and grassroot entities. This deal with 1Bridge marks Ananya Finance’s significant attempt to reach out to companies beyond the microfinance sector.

With this round of funding, 1Bridge is robustly positioned to pursue its growth plans over the next 18 months, to:

• Deepen its reach as a supply chain & distribution network across another 10,000 villages by adding 10,000 more entrepreneurs
• Roll out 500+ ‘1Bridge Experience Centres’ at various Tehsil/Block towns that will enable consumers to touch and feel aspirational products
• Expand its product & service offerings through strategic partnerships with consumer durables brands & fintech/credit companies who are looking to expand their reach in rural hinterlands; and
• Strengthen its technology & data platform to make it more convenient for their ‘1Bridge Advisors’ or local micro-entrepreneurs to offer rural outreach and assisted commerce services.

Commenting on this investment, Arvind Agarwal, CEO, C4D Partners said - “We have been actively participating in the evolution of 1Bridge – almost since its inception back in 2016, to now a leader in village commerce. The foundations of the company are built with a strong emphasis on rural consumer experience, assisted commerce platform, terrific execution capabilities and a focus on being capital efficient. We are delighted to continue supporting the team as they embark on their next stage of scale & impact.”

Prashanth Boccasam, Angel investor said “With 1Bridge’s presence in thousands of villages through its entrepreneur network and technology platform, it is uniquely positioned to understand the needs and aspirations of rural India through the data they generate. I am excited to continue working closely with the team to generate insights that can truly transform access, choice & convenience for our villages.”

BV Jagadeesh, Managing Partner, KAAJ Ventures said “With over 700 million citizens residing in the villages of India, it is surprising that very few start-ups have focussed on building a sustainable village commerce model. 1Bridge is a pioneer in this space and I am very impressed with the progress made over the last few years in unlocking this abundance at the bottom of the pyramid. I am excited to work with the team in scaling this model in a profitable way, while delivering significant impact on the lives of our villagers.”

Puneet Jetli, angel investor & Co-founder & former CEO, Digital Business, Happiest Minds said “Last-mile supply chain & distribution is still a huge unsolved problem for rural India. I am excited to support 1Bridge as it cracks the code of building an efficient technology led supply chain into our villages.”

Gaurav Gupta, MD, Ananya Finance for Inclusive Growth said “Much like our motto, we believe in ‘going beyond finance’, with an urge and ability to serve socially motivated double bottom line enterprises. Having observed 1Bridge’s trajectory over the past few years, we are glad to be aligned with its vision for Rural India over the coming years and hope to transform it together.”

Social entrepreneur and Founder & CEO of 1Bridge, Madan Padaki said “We thank our investors for believing in 1Bridge’s vision of bridging aspirations, creating opportunities, ushering abundance to Rural India. With this investment, we aim to expand the network, strengthen our technology & data capabilities, roll-out 1Bridge Experience Zones at the Taluk-level and expand our partnerships for last-mile supply chain & distribution – while pursuing profitable growth.”

Launched in May 2016 by Madan Padaki and co-founders Anil Kumar, Chief Operating Officer and M Chakrawarty, Chief of Growth & Partnerships, 1Bridge is a village commerce platform that provides a wide range of aspirational products & digital services at the doorsteps of village consumers. It works with local rural entrepreneurs or ‘1Bridge Advisors’ to help deliver these products and fulfil services through an intuitive mobile-based tech platform.

Over the last 4 years, 1Bridge has grown steadily with over 75% year-on-year (YOY) growth and has grossed revenue of over INR 52 crores in FY21 and looking to cross INR 100 crores in FY22. 1Bridge has turned EBIDTA positive in FY21 and has been capital efficient (with a cumulative raise of US$ 1.5 million) as it has built a presence in 70+ districts of Southern India and is presently operational in states like Karnataka, Andhra Pradesh, Telangana, Maharashtra, Tamil Nadu and Odisha.

To date, 1Bridge has onboarded over 10,000+ strong network of entrepreneurs, fulfilled 35 million transactions for rural consumers, and served 1.5 million village consumers directly.

To know more about 1Bridge, please visit: www.1bridge.one

GBT Evaluates Developing a Driver Monitoring System Based on Its Wireless Movement and Position Detection Technology

https://ift.tt/3gMzWGV

SAN DIEGO, Aug. 31, 2021 (GLOBE NEWSWIRE) -- GBT Technologies Inc. (OTC PINK: GTCH) ("GBT” or the “Company”), evaluates developing a driver monitoring system based on its wireless movement and position detection technology, internal project code name Apollo. Apollo is an intelligent method and system to detect motion-based radio waves. An AI system controls radio wave transmission and analyzes the reflected information to construct 2D and 3D images including real time movement. The system, once developed also can potentially detect human’s vitals like heart rate, breathing rhythm and more. GBT is investigating applying this technology as a vehicle’s driver monitoring system.

Statistics show that more than 90% of road accidents are caused by driver error (European survey - European New Car Assessment Program (Euro NCAP). Human errors can occur due to driver fatigue, distraction, inattentiveness, intoxication, inexperience, or sudden medical incapacitation. The Apollo system upon development can potentially and effectively detect impaired or distracted driving, providing an audible and visual alert and possibly in extreme cases, prevent crashes or take over the vehicle. The Apollo system may use radio waves for monitoring and assessing the driver's physical and mental condition reliably and accurately. Based on this data the system can alert or act to ensure safety. The system concept includes an AI algorithm that analyze the driver's face, breathing rhythm, heart rate, eyes status, and perspiration and can determine if he/she is in a condition to control the vehicle.

GBT believes that the Apollo system, if developed, can significantly reduce driver errors caused by distractions, fatigue or emotional causes and can save lives by taking control over the vehicle, in case of sudden medical condition. The company will add this these concepts and possible application to its non-provisional patent that is planned to be filed during the next few weeks.

“We have identified an efficient safety application of our Apollo project technology. The Apollo system can detect objects and living entities based on radio technology. The system analyzes the returned reflected waves information and detects people’s position, movements, and can even measure their vitals. When applying this technology as a driver monitoring system, Apollo can analyze the driver's face, eyes position, pupils, heart rate, breathing rhythm, head, and body position in order to “see” the driver’s face, and posture. Using this data, the system can determine the driver’s physical and mental status at all times. For example, it can identify that the driver’s eyes are closed, open or blinking. Since the technology is RF based it can detect these characteristics even if the driver is wearing dark sunglasses or at night. AI algorithms collect the driver’s data, creating a model of a driver’s normality, attentiveness, and state of mind in normal circumstances. In case of abnormalities the system will alert via audible and visual to get the driver's attention. Upon user’s permission setup, if no driver response is achieved in an acceptable time manner, the system can take control over the vehicle, and stop it for safety purposes. The company filed a provisional patent on June 2021, and will file a comprehensive non-provisional patent during the next few weeks. We truly believe that such system can be an essential safety application for all vehicle types, significantly increasing our roads safety for generations to come.” Said Danny Rittman, GBT’s CTO.

There is no guarantee that the Company will be successful in researching, developing or implementing this system. In order to successfully implement this concept, the Company will need to raise adequate capital to support its research and, if successfully researched, developed and granted regulatory approval (provisional patent was submitted), the Company would need to enter into a strategic relationship with a third party that has experience in manufacturing, selling and distributing this product. There is no guarantee that the Company will be successful in any or all of these critical steps.

About Us

GBT Technologies, Inc. (OTC PINK: GTCH) (“GBT”) (http://gbtti.com) is a development stage company which considers itself a native of Internet of Things (IoT), Artificial Intelligence (AI) and Enabled Mobile Technology Platforms used to increase IC performance. GBT has assembled a team with extensive technology expertise and is building an intellectual property portfolio consisting of many patents. GBT’s mission, to license the technology and IP to synergetic partners in the areas of hardware and software. Once commercialized, it is GBT’s goal to have a suite of products including smart microchips, AI, encryption, Blockchain, IC design, mobile security applications, database management protocols, with tracking and supporting cloud software (without the need for GPS). GBT envisions this system as a creation of a global mesh network using advanced nodes and super performing new generation IC technology. The core of the system will be its advanced microchip technology; technology that can be installed in any mobile or fixed device worldwide. GBT’s vision is to produce this system as a low cost, secure, private-mesh-network between any and all enabled devices. Thus, providing shared processing, advanced mobile database management and sharing while using these enhanced mobile features as an alternative to traditional carrier services.

Forward-Looking Statements

Certain statements contained in this press release may constitute "forward-looking statements".  Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website ( http://www.sec.gov).  In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company’s ability to raise capital on acceptable terms, if at all, the Company’s successful development of its products and the integration into its existing products and the commercial acceptance of the Company’s products.  The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change.  However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so.  These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.

Contact:

Dr. Danny Rittman, CTO
press@gopherprotocol.com

Adyen launches Score with GoFundMe -- a machine learning tool to easily identify malicious platform users

AMSTERDAM, Aug. 31, 2021 /PRNewswire/ -- Adyen (AMS: ADYEN), the global payments platform of choice for many of the world's leading companies, today launched Score. The company is first-to-market with a machine learning driven solution on a single platform for signaling irregular activity and monitoring platform compliance. By leveraging data insights analyzing the platform merchant's data and flagging unusual platform user behavior, Score helps Adyen's merchants prevent misuse of the platform. As Score provides insights via a broad set of risk signals, the feature is of significant support for platform merchants' compliance procedures. By improving effectiveness and reducing time spent on platform user security reviews, Score increases operational scalability for platforms. Score is the newest addition to the company's offering for platforms. GoFundMe, the global online fundraising platform, is one of Adyen's first merchants to implement Score during the past six months. "Score has helped us to provide the best service we can to help as many people as possible - while also ensuring our customers trust that GoFundMe is keeping them safe and protected," said Matthew Murray, Director of Risk & Compliance at GoFundMe. "We are constantly adopting the best tools to ensure we have a full and accurate picture of our risk profile, so we were pleased to be the first to try this new Score solution."  "This is where tech and compliance meet – we're very excited about the launch of Score, as we are now able to support our platform merchants in platform user fraud and integrity monitoring. Reducing risk is a top priority for platform businesses", said Mariëtte Swart, CLCO of Adyen. "The feature puts our merchants in full control by offering a solution that never stops learning." For more product information on Score, see here. About Adyen Adyen (AMS: ADYEN) is the payments platform of choice for many of the world's leading companies, providing a modern end-to-end infrastructure connecting directly to Visa, Mastercard, and consumers' globally preferred payment methods. Adyen delivers frictionless payments across online, mobile, and in-store channels. With offices across the world, Adyen serves customers including Facebook, Uber, Spotify, Casper, Bonobos and L'Oréal. Adyen continuously improves and expands its product offering as part of its ordinary course of business. New products and features are announced via press releases and product updates on the company's website. About GoFundMe Founded in 2010, GoFundMe is the largest global fundraising platform that empowers people to give and receive help. Since then, more than $15 billion from over 200 million donations has uplifted those with needs and dreams, while making an impact at scale. GoFundMe is building a global support system that creates an opportunity for everyone to thrive. Logo - https://mma.prnewswire.com/media/1490851/Logo__Adyen_green_RGB_Logo.jpg

Bajaj Finserv Health to Assist Its Customers in Booking COVID-19 Vaccine Slots

https://ift.tt/2zaxEZA

Business Wire India
In a bid to accelerate the COVID-19 vaccination process, Bajaj Finserv Health Limited (BFHL), a wholly-owned subsidiary of Bajaj Finserv Limited, has collaborated with the National Health Authority (NHA) to offer COVID-19 vaccine slot booking on their website and mobile app. BFHL is a health-tech solutions business aimed at improving the health outcomes of Indian consumers through smarter, connected, and holistic care plans.
 
Customers who are willing to take the COVID-19 preventive vaccination dose can book their slot on the Bajaj Finserv Health mobile app or website, subject to fulfillment of the eligibility criteria prescribed by the Government in this regard. Customers can follow the following steps to book their vaccine slot:
 
Step 1: Download the Bajaj Finserv Health mobile app or log on to https://www.bajajfinservhealth.in/cowin and click on COVID-19 vaccination.
 
Step 2: Click on Register/Sign-in and log in using your registered mobile number and One-time Password (OTP).
 
Step 3: Add as a beneficiary or select from the saved list of beneficiary(ies) the person for whom the vaccination appointment is to be booked.
 
Step 4: Search the vaccination center in your preferred District or Pincode.
 
Step 5: Select the vaccination center and preferred date and time slot to confirm your booking.
 
Step 6: After your booking is successful, you will receive an SMS from COWIN regarding the confirmation of your appointment booking. You can also download your appointment slip from Bajaj Finserv Health mobile app or website.
 
In case vaccination slots are not currently available in your area, you can use the 'Vaccine Finder' feature, which permits you to find vaccine slots at the nearest vaccination center. With the help of 'Vaccine Finder', you can get additional information on available vaccine slots and payment details. It lets you keep an eye on vaccine slot availability in the selected area (within India) and helps you find vaccine slots accordingly.
 
BFHL offers a range of healthcare services on a single platform with the aim of providing preventive, prepaid and personalized healthcare. You can locate top doctors near you, book an appointment for online doctor consultation or schedule an in-clinic visit, book lab tests, store your medical records, get reminders for follow-up visits and avail value-optimized healthcare plans that are tailored to meet your needs. This healthcare platform offers the services of 80,000+ doctors from 35+ specialties, 700+ affiliated hospitals and 3500+ labs.

Taiwan Plus, Taiwan's First Video Streaming Platform, Goes Live

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Business Wire India

Taiwan Plus (Taiwan+), the first English-language international streaming platform of Taiwan, was unveiled by Vice President Lai Ching-te, Legislative Speaker You Si-kun, Culture Minister Lee Yung-te, Central News Agency (CNA) Chairman Liu Ka-shiang, Taiwan+ CEO Joanne Tsai, and H.E. Ambassador Jasmine E. Huggins of Embassy of Saint Christopher and Nevis at the National Taiwan Museum in Taipei on Aug. 30.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210830005449/en/

 

Taiwan's Vice President Lai Ching-te (center) waves to the audiences at the launch party of Taiwan+, the first English-language international streaming platform of the nation on Monday. The Central News Agency Chairman Liu Ka-shiang (from right), H.E. Ambassador Jasmine E. Huggins of Embassy of Saint Christopher and Nevis in Taiwan, Culture Minister Lee Yung-te, Legislative Speaker You Si-kun, Taiwan+ CEO Joanne Tsai along with Taiwan+ News Center Director Divya Gopalan attended the event held at National Taiwan Museum. (Photo: Business Wire)

Targeting English-speaking audience, Taiwan+ consists of media professionals from the U.S., the U.K, Canada, France, and Australia, as well as local industry professionals, who work collaboratively to deliver the latest news about Taiwan, international affairs, and covers a wide range of topics. The platform also sources stories from Taiwan’s public and private media organizations.

 

Golden Melody-award winning singer Sanpuy Katatepan Mavaliyw opened the event with a music performance. Held with COVID-19 prevention measures in place, the event was joined by representatives including Izumi Hiroyasu from Japan, Jordan Reeves from Canada, Andrew Wylegala and Don Shapiro from the U.S., and Henry Chang and Giuseppe Izzo from Europe.

 

H.E. Ambassador Jasmine E. Huggins of Embassy of Saint Christopher and Nevis in Taiwan said the international video platform is expected to connect Taiwan with the world.

 

President Tsai Ing-wen expressed her pleasure to join the launch of Taiwan+ with a video message, saying “Taiwan+ is an exciting new initiative to tell Taiwan’s story. Generations of Taiwanese fought to transform this country into a vibrant democracy that protects freedom of speech and expression.”

 

Premier Su Tseng-chang wished the platform success. He stressed that Taiwan is a democratic and free country guided by the rule of law, and cares about universal values of human rights, freedom of speech and diversity, noting that this is why many countries are willing to make friends and do business with Taiwan.

 

Vice President Lai said “I hope that the platform can be the starting point from which the world learns about what Taiwanese people think and want, what Taiwan is doing, and what we can contribute to the world.”

 

Legislative Speaker You noted that, with China’s intimidation and political oppression against Taiwan, the establishment of Taiwan+ allows Taiwan to tell its stories to the world through its voices.

 

Taiwan+, a project commissioned by the Ministry of Culture to the CNA, marks an important milestone in the country’s history of mass media, Minister Lee said. He expressed his gratitude to legislators and professionals for making this happen.

 

“I hope to make this platform a form of expansion, connection, and infinite possibilities, just like how Taiwan incorporates ethnic, cultural and linguistic diversity, and introduce Taiwan to the world through dynamic storytelling and news,” said Tsai, a senior media professional with over 25 years of experience in international media outlets, such as NBC/CNBC, National Geographic, and Fox International Channels.

 

The content of Taiwan+ can be played on the Taiwan Plus app or viewed on its website and social media platforms, such as Facebook, YouTube, Twitter, and Instagram.

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20210830005449/en/

“The Story of New Finance in China（II）” Dives into Latest Innovative Financial Technologies

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Business Wire India

"The Story of New Finance in China (II)" is a video series on YouTube that explains the latest innovative technologies and how they affect financial institutions in China. The series goes over a variety of financial technologies (called FinTech, for short) including artificial intelligence (AI), cloud computing, blockchain, robotics, big data, and satellite remote sensing.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210831005376/en/

 

“The Story of New Finance in China” was created to share information on the development of China's financial system reform with government leaders, enterprises, institutions, and the public. These videos are also offered as a tool for economies around the world that are seeking financial reform, as well.

 

These videos explain how innovative FinTech including AI, cloud computing, blockchain, and big data has accelerated the application of contactless transactions, allowed financial institutions throughout China to offer more accessible financial services to small and medium enterprises, and more.

 

Each video in the series has a unique theme:

 

Video 1: Artificial Intelligence Boosts New Finance Technology

 

China's financial institutions are realizing that AI can offer personalized services as well as – or better than – humans can. The first video encompasses FinTech and how it is launching China into the future.

 

Video 2: SME Loans Use Technology to Innovate Financial Services

 

WeBank is the first online-only bank in China. WeBank’s SME Loans integrate the ABCDs of financial technology (artificial intelligence, blockchain, cloud computing, and big data) to serve small and medium enterprises.

 

Video 3: The Emergence of Contactless Loans

 

With WeBank and innovative FinTech, China can now offer contactless loans – loans that can be applied for and received through the internet. Enterprises that are operating in uncertain environments or have been affected by COVID-19 find this tool to be invaluable.

 

Video 4: Zheshang Bank Applies Blockchain Innovative Financial Services

 

Zheshang Bank uses blockchain technology and the Internet of Things (IoT) to protect financial and personal data that is shared among platforms.

 

Video 5: Small and Medium Enterprises in Zhejiang Province, China No Longer Have Difficulty in Financing

 

Zhejiang Province's financial service platform has improved the quality, accessibility, and efficiency of financial services to small and medium enterprise owners.

 

To watch the second season of “The Story of New Finance in China”, please visit on YouTube.

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20210831005376/en/