Western Union, Artajasa offer Indonesia money transfer payouts into bank accounts, wallets

KUALA LUMPUR, March 23 -- Western Union, a global leader in cross-border, cross-currency money movement and payments, has announced PT Artajasa Pembayaran Elektronis (Artajasa) as its newest bank account and wallet payout partner in Indonesia.

According to a statement, the collaboration will enable customers to receive international money transfers in minutes into their bank accounts across all major banks in Indonesia. Payout into wallets will launch later this year.

“The increasing demand for financial connectivity and rising expectations for immediate access means more people are looking for easy and trusted ways to move their money, especially into bank accounts,” said Head of Singapore, Indonesia and North Asia, Western Union, K. Premmananth.

“Our collaboration with Artajasa adds to Western Union’s growing portfolio of money movement options and offers customers the trust and reliability, combined with the speed, transparency and seamless experience they expect as they move their hard-earned money.”

Meanwhile, Director of Artajasa, Siti Hidayati said: “Customers today are living ever more interconnected digital lives and we are excited to come together with Western Union, offering customers the ability to receive money into their bank accounts and wallets conveniently and reliably.”

Founded in 2000, Artajasa, a pioneer in the market of electronic transactions in Indonesia, has also developed network solutions for bill payments across various industries, including telecommunications, utilities, insurance, finance and education.

Over the last few years, Western Union has accelerated its account-based payout options, including bank account, wallet or card payout, ensuring robust connectivity for customers.

Globally, Western Union can process payouts into billions of bank accounts, including millions of wallets and cards across more than 130 countries and territories, with real-time capabilities in 100 of these countries. 

More details at www.westernunion.com.

-- BERNAMA

GLOBAL SURVEY VALIDATES THE EMERGENCE OF A NEW PRACTICE AREA IN ENTERPRISE IT VALUED AT $30 BILLION

 

Corporate Leaders are practicing Enterprise Liquidity Management to protect balance sheets, drive new post-pandemic growth opportunities


SAN DIEGO & PARIS, March 25 (Bernama-BUSINESS WIRE) -- Kyriba, (“the Company”) a global leader of cloud-based finance and IT solutions, today announced the results of a major IDC survey commissioned by Kyriba. The global survey results of over 800 corporate finance executives validate the emergence of a new practice area in Enterprise IT that includes risk management, payments, real-time connectivity, treasury management and working capital finance. The survey further confirms that predictive analytics, APIs, and artificial intelligence are key integrated technologies required by financial leaders to optimize enterprise liquidity.

Leading CFOs leverage technology integration to unify financial data and processes

The survey highlights a group (“leaders”) who outperformed the survey set in operational efficiency, technology adoption, and process maturity:

• Enterprise Liquidity: 51% of leaders can produce a consolidated view of cash and liquidity in under one hour compared to 8% of the less equipped companies;
• Risk Reduction: 79% of leaders have implemented very effective payment fraud prevention with only 16% of laggards reporting confidence in their programs; 69% of leaders effectively hedge to protect their liquidity with less than 5% of laggards reporting well performing hedge programs;
• Real-Time Decisions: 93% of leaders leverage real-time insights compared to only 36% of less digitized organizations, while 85% of leaders integrate real-time data from partners and third-party members into their enterprise platforms;
• Investing in Technology: 51% of leaders and 43% of all respondents are planning to increase expenditures on liquidity platforms.

CFOs confirm the emergence of a liquidity management practice

“CFOs’ new mission is to identify and activate all possible sources of liquidity to continually adapt to new global volatility. This survey confirms that very digitized organizations are inventing new liquidity management practices that mitigate risk while optimizing treasury, payments and working capital finance enterprise-wide and in real-time. Their CFOs deliver actionable intelligence downstream to business decision-makers by transforming data through AI and API-enabled platforms. We are witnessing the birth of a new category of software - Enterprise Liquidity Management,” said Samuel Guillon, SVP Strategy at Kyriba.

“We believe that liquidity management platforms can help CFOs improve the new practices they have already established to build resilience, generate value and unlock growth,” said Guillon.

Liquidity management is reshaping the vendor software market to create a new estimated $30b business

“Overall, the survey findings show the increasing importance of liquidity to financial leaders. The Office of the CFO is becoming a liquidity office, driving transformation through data-driven business decisions. Financial leaders demand systems that are built to aggregate, analyze and disseminate data. This need is driving the emergence of intelligent platforms built upon APIs and unified data. The survey demonstrates that CFOs recognize the need to invest in the tools, skills and resources to manage liquidity at an enterprise level,” said Kevin Permenter, Research Director, Financial Applications at IDC.

“There is a massive opportunity here for vendors to step in and help CFOs as their role changes. Taken together, we estimated the total available market for such Enterprise Liquidity Management software at $30 billion in 2021, but the longer-term opportunities for software vendors are much larger,” said Permenter.

The IDC White Paper, commissioned by Kyriba, A New Practice Area Emerges for CFOs: Enterprise-wide Liquidity Management, doc #US48341221, November 2021, is available here.

The survey was conducted online by IDC in August 2021 amongst 811 treasurers based in the US (31%), Europe (53%) and Asia (16%).

About Kyriba:

Kyriba empowers CFOs, Treasurers, and their IT counterparts to transform treasury, payments, working capital, and connectivity solutions to activate liquidity as a dynamic, real-time vehicle for growth and value creation. Kyriba is a secure, scalable SaaS platform that leverages artificial intelligence, automates payments workflows, and enables thousands of multinational corporations and banks to maximize growth, protect against loss from fraud and financial risk, and reduce operational costs. With 2,000 clients worldwide, including 25% of Fortune 500 and Eurostoxx 50 companies, Kyriba manages more than 1.3 billion bank transactions per year, and 250 million payments for a total value of $15 Trillion annually.

Kyriba is headquartered in San Diego, with offices globally. For more information, visit www.kyriba.com.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20220324005223/en/

Contact

Americas

Daniel Shaffer
dshaffer@kyriba.com
+1 858-263-2218

EMEA

Caroline Peyrat
caroline.peyrat@kyriba.com
+33633372920

Source : Kyriba

SKYDRIVE, SUZUKI REACH FOR THE SKIES IN FLYING CAR COMMERCIALISATION PARTNERSHIP

KUALA LUMPUR, March 25 (Bernama) -- SkyDrive Inc (SkyDrive) and Suzuki Motor Corporation (Suzuki) jointly announced on March 22 a partnership for the commercialisation of flying cars.

SkyDrive is a leading manufacturer of flying cars in Japan and is currently engaged in the development of a compact, two-seater electric-powered flying car with plans for full-scale production.

Suzuki is one of Japan's leading automakers with expertise that includes manufacturing and selling compact cars in international markets.

Under the terms of the agreement, SkyDrive and Suzuki will start consideration to collaborate in areas of business and technology that include technology R&D, planning of manufacturing and mass-production systems, development of overseas markets with an initial focus on India, and promotion of efforts to attain carbon neutrality.

According to a statement, SkyDrive aims to begin air taxi service during the 2025 World Exposition in Osaka, Japan, as well as to initiate service in other regions of Japan.

Suzuki, which has the company motto ‘Develop products of superior value by focusing on the customer’, currently offers products in three mobility categories -- automobiles, motorcycles, and outboard motors.

The company aims to remain indispensable to people by staying closely attuned to their lives and providing mobility. The partnership with SkyDrive will provide Suzuki with opportunities to explore and potentially add flying cars as a fourth mobility business.

Headquartered in Shinjuku, Tokyo, SkyDrive was established in July 2018 with the mission of "leading a once-in-a-century mobility revolution."

For more information, visit: https://en.skydrive2020.com/ and https://www.globalsuzuki.com/

-- BERNAMA

A DIAMOND IS FOREVER: CLEAN ORIGIN RECEIVES TITAN'S US$20 MILLION EQUITY INVESTMENT

KUALA LUMPUR, March 23 (Bernama) -- Great Heights Inc and its subsidiary Clean Origin LLC, leading online DTC retailers of lab-grown diamonds, engagement rings and jewellery have announced a US$20 million equity investment from TCL North America Inc (TCL Inc), a wholly-owned subsidiary of Titan Company Limited - an Indian luxury products company known for manufacturing jewellery and watches - to further expand the business. (US$1 = RM4.211)

Clean Origin plans to use the funds to scale its operations, strengthen its supply chain, invest in omnichannel retail experiences, leverage cross border Indian-American synergies, and build a fortress balance sheet to further dominate the lab-grown diamond engagement ring industry.

This transaction values Great Heights Inc at approximately US$132.8 million on a pre-money valuation basis and US$152.8 million on a post-money valuation basis and creates no change of control nor direction for the company who maintains majority control.

As part of the deal, Ajoy Chawla, CEO Jewellery Division of Titan Company Limited will join Great Heights Inc board of directors; and, Titan will own approximately 13.09 per cent of the economic interest and 17.54 per cent of the voting control in Great Heights Inc.

“We are delighted to choose Titan as a partner and look forward to welcoming Mr Chawla to our board of directors,” said Alexander Weindling, Co-Founder and CEO of Clean Origin and Great Heights Inc in a statement.

“Titan brings more than simply cash to fuel our growth, but deep expertise in the international manufacturing, control, and logistics of bespoke diamond jewellry across a global platform.”

Clean Origin is on a mission to hold the diamond industry to a higher standard, with a new, environmentally conscious, and conflict-free process that gives everyone peace of mind when purchasing diamonds.

Each diamond is lab-grown using a craft that mirrors the natural growing process creating molecularly identical stones without the destructive force of mining or its murky ethics. All diamonds are 100 per cent real, 100 per cent ethical and independently certified to meet the highest standard of quality.

Clean Origin is the largest retailer of purely lab-grown diamond jewellery in the U.S.

For more information, visit www.cleanorigin.com.

-- BERNAMA

Kioxia unveils 2nd generation SSDs for enterprise, hyperscale data centres

KIOXIA CD8 Series: 2nd Generation SSDs Designed with PCIe® 5.0 Technology for Enterprise and Hyperscale Data Centers (Photo: Business Wire)

KUALA LUMPUR, March 23 -- The first vendor to offer a drive designed with PCIe® 5.0 interface technology, Kioxia Corporation has announced it has built on this achievement by introducing its 2nd generation SSDs.

The company’s new KIOXIA CD8 Series data center NVMe™ SSDs (CD8 Series) are optimised for hyperscale data centre and enterprise server-attached workloads, and utilise PCIe 5.0 interface technology, which doubles the bandwidth over PCIe 4.0 from 16 gigatransfers per second (GT/s) to 32GT/s.

The CD8 Series is now available for customer evaluation, according to a statement.

Based on Kioxia’s 5th generation BiCS FLASH™ 3D flash memory technology, the CD8 Series utilises a proprietary Kioxia controller and firmware, which can be customised to customer needs, and is housed in a 2.5-inch, 15mm Z-height form factor.

The new drives are designed to the PCIe 5.0, Open Compute Project (OCP) Datacenter NVMe SSD 2.0 and NVMe 1.4 specifications, and are well-suited to applications and use cases that include high-performance computing, artificial intelligence, caching layer, financial trading and analysis.

Additional features include read-intensive 1DWPD (Drive Write Per Day) endurance models targeted for hyperscale and server-centric workloads, in capacities from 960GB to 15.36TB; and, mixed-used 3DWPD endurance targeted models are available, in capacities from 800GB to 12.8TB.

Kioxia is a world leader in memory solutions, dedicated to the development, production and sale of flash memory and solid-state drives (SSDs).

-- BERNAMA

HITACHI ENERGY TO PROVIDE ADVANCED GRID CONNECTION FOR THE WORLD'S LARGEST EUCALYPTUS PULP MILL IN BRAZIL

Innovative solution will enable surplus renewable electricity to be transferred into the national power grid 

Zurich, Switzerland, March 22 (Bernama-GLOBE NEWSWIRE) -- Hitachi Energy, the global technology and market leader in power grids, announced today that it has won an order from Suzano, the world’s leading eucalyptus pulp producer and one of Latin America’s largest paper producers, to design and deliver a complete grid connection solution for the company’s new pulp mill in Brazil.

Suzano’s new factory will be the world’s largest single-line eucalyptus pulp mill and Brazil’s first pulp production facility to be fossil fuel free when completed in the second half of 2024. It will have an annual production capacity of 2.5 million tons and will increase Suzano’s output by 20 percent. About half of the electricity generated will be transferred to the national power grid, enough to supply around 2.3 million people for one month.

The two companies have worked closely together on grid solutions for Suzano’s fleet of mills over the past 20 years. In this spirit of collaboration and co-creation, Hitachi Energy has contributed its pioneering technologies and its unique system integration capabilities, engineering expertise and extensive experience of local grid code requirements. This enables Hitachi Energy to design and supply complete solutions with exceptional levels of reliability, that are fundamental for these types of application.

“We are honored and delighted to be working with Suzano again on this landmark project that sets a new benchmark in sustainable pulp production and shares its emission-free electricity with society at large,” said Niklas Persson, Managing Director of Hitachi Energy’s Grid Integration business. “This is another example of how our solutions are advancing the world's energy system to be more sustainable, flexible and secure.”

“The construction of the new factory is the biggest investment in Suzano’s history, so it is vital that the grid connection through which we generate additional revenue from our surplus energy operates at outstanding levels of reliability and availability,” said Mauricio Miranda, Engineering Director at Suzano. “We chose Hitachi Energy as our technology partner based on more than 20 years of successful collaboration and consistent delivery of innovative, reliable solutions and exceptional project execution.” 

http://mrem.bernama.com/viewsm.php?idm=42720

PEBSTEEL RELEASES AN ALL-NEW BRAND IDENTITY FOR A NEW PHASE OF DEVELOPMENT

 HOCHIMINH CITY, Vietnam, March 23 (Bernama-GLOBE NEWSWIRE) -- PEB Steel Buildings Co., Ltd. (Pebsteel), a leading company in the pre-engineering steel construction industry, launches its refreshed brand identity to the market. The rebrand supports Pebsteel's long-term vision of offering customers innovative, sustainable, and cost-effective solutions during a new development phase.

Construction and industrial sectors are expected to recover strongly after COVID, resulting in enormous demand for pre-engineered steel buildings, steel structures. According to Global Industry Analysts, the world market for pre-engineered steel construction is estimated to grow from $27.1 billion in 2020 to $49.1 billion in 2026 at a compound annual growth rate of 10.1%. Asia-Pacific is the fastest-growing market for pre-engineered buildings and steel structures due to rapid industrialization and urbanization in emerging economies.

Additionally, pre-engineered buildings have become increasingly popular in the construction market thanks to their numerous advantages. They are more cost-effective and energy-efficient than conventional construction methods. Warehouses, office complexes, hangars…are among other various applications.

Pebsteel is a long-standing company with a solid record of 6,000 pre-engineered buildings and steel structures in over 50 countries. Pebsteel's outstanding projects include the highest Unilever factory in Indonesia with a height of 68 meters; the largest clear span of 128 meters for the Lufthansa hangar in the Philippines; and the longest FCB Warehouse building in Thailand with a total length of one kilometer. Pebsteel also broke its own record by building a 14-story office tower in Manila, as well as creating a unique curved corridor for the Okada Manila hotel and resort complex.

Founded in 1994 by Sami Kteily and Adib Kouteli in Europe with Japanese stakeholders (Nippon Steel and Okaya & Co., Ltd), Pebsteel operates in 10 regional sales offices and has the headquarters in Vietnam. Sami Kteily, Executive Chairman of Pebsteel, said: "The rebrand is an important milestone for Pebsteel. After 27 years of development, Pebsteel reaffirmed its leading position as a total solution provider for pre-engineered steel buildings and steel structures. Amidst the ever-evolving fast-paced construction market, Pebsteel has introduced a new brand tagline – ENGINEERED BUILDING SOLUTIONS - to reflect its aspiration of creating effective solutions for a prosperous future. The company has also updated the logo to demonstrate its efforts to evolve and move towards prosperity with its customers, partners, and employees."

Media contact : marketing@pebsteel.com.vn 

https://www.globenewswire.com/NewsRoom/AttachmentNg/f73e0d2a-94de-4cf7-905f-4097b942c582 

SOURCE : PEB Steel Buildings Co., Ltd