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‘We Need New Form of Money’ Sopnendu Mohanty, Monetary Authority of Singapore at Global Fintech Fest 2022

Retrieved on: 
Friday, September 23, 2022

Speaking at Global Fintech Fest (GFF) 2022, at a fireside chat with Smita Aggarwal, Global Investments Advisor of Flourish Ventures, Mr. Sopnendu Mohanty, Chief Fintech Officer, Monetary Authority of Singapore, said, In the new architecture of Web 3.0, asset transfers are not only done traditionally, therefore we need a new form of money that transacts on a distributed ledger.

Key Points: 
  • Speaking at Global Fintech Fest (GFF) 2022, at a fireside chat with Smita Aggarwal, Global Investments Advisor of Flourish Ventures, Mr. Sopnendu Mohanty, Chief Fintech Officer, Monetary Authority of Singapore, said, In the new architecture of Web 3.0, asset transfers are not only done traditionally, therefore we need a new form of money that transacts on a distributed ledger.
  • It was held between September 20 and 22, 2022 at the Jio World Convention Centre in Mumbai.
  • We have successfully connected the UPI equivalent network of Singapore known as PayNow, with Thailands PromPay, to facilitate seamless cross-border transfers.
  • The retail CBDC can be extremely efficient and cost-effective and can even avert the need of a UPI rail for money transfers.

UK-India Fintech Sectors to Drive Growth, Prosperity of Both Countries: Alderman Vincent Keaveny, Lord Mayor, City of London

Retrieved on: 
Thursday, September 22, 2022

The Lord Mayor, City of London, emphasized the need for greater cooperation between India and the UK for a flourishing fintech ecosystem in both the countries.

Key Points: 
  • The Lord Mayor, City of London, emphasized the need for greater cooperation between India and the UK for a flourishing fintech ecosystem in both the countries.
  • "The City of London Corporation is committed to deepening the terms between the businesses of London and India.
  • With our combined expertise, the UK and Indian financial sectors continue to drive growth and prosperity in our respective countries.
  • The Lord Mayor referred to the UK-India Vision 2030 as the bridge between these two powerhouses of the global fintech landscape.

'We Need New Form of Money:' Sopnendu Mohanty, Monetary Authority of Singapore

Retrieved on: 
Thursday, September 22, 2022

He was at a fireside chat with Smita Aggarwal, Global Investments Advisor of Flourish Ventures.

Key Points: 
  • He was at a fireside chat with Smita Aggarwal, Global Investments Advisor of Flourish Ventures.
  • "Under the new architecture, tokenisation will enable both asset ownership and transfer of value to happen in real-time," Mr. Mohanty added.
  • "We have successfully connected the UPI equivalent network of Singapore known as PayNow, with Thailand's PromPay, to facilitate seamless cross-border transfers.
  • The retail CBDC can be extremely efficient and cost-effective and can even avert the need of a UPI rail for money transfers.

Mark your calendar to be a part India's most comprehensive trade fair for the BFSI Tech & Fintech sector

Retrieved on: 
Tuesday, September 20, 2022

The 10th edition of IBEX, India's most comprehensive BFSI & Fintech Trade fair & Conference, is scheduled from 19-21 January 2023 at the Jio World Convention Centre, Mumbai, India.

Key Points: 
  • The 10th edition of IBEX, India's most comprehensive BFSI & Fintech Trade fair & Conference, is scheduled from 19-21 January 2023 at the Jio World Convention Centre, Mumbai, India.
  • MUMBAI, INDIA, Sept 20, 2022 - (ACN Newswire) - The BFSI & Fintech sector in India has gone through a significant expansion over the last few years witnessing a massive move towards digitization and the pandemic has accelerated the adoption of various digital technologies, processes and systems.
  • With the pandemic adversely affecting the sector's transformation and market penetration, it is now more important than ever before for the sector to gear up for the challenges ahead.
  • Focusing on bridging the gap between the BFSI and Fintech sector, the 10th edition of IBEX India, the country's only comprehensive trade fair and conference, establishes a foothold amongst the premier players of the Indian banking and financial ecosystem.

Personal Safety Tracking Devices Market to Record a CAGR of 9.47%, APAC to be Largest Contributor to Market Growth - Technavio

Retrieved on: 
Tuesday, August 9, 2022

The personal safety tracking devices market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Key Points: 
  • The personal safety tracking devices market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
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    The personal safety tracking devices market share growth in APAC will be significant during the forecast period.
  • Moreover, market growth in APAC will be faster than the growth of the market in other regions.
  • Growing popularity of two-way voice communication-based personal safety tracking devices:
    Personal safety tracking devices with two-way voice communication provide several benefits, such as additional emergency panic buttons.

Jio Platforms partners with Subex HyperSense AI to augment its 5G product line

Retrieved on: 
Wednesday, August 3, 2022

Jio's 360 Automation Platforms and Open API based OSS platforms provides faster integrations to multi-party 5G BSS systems.

Key Points: 
  • Jio's 360 Automation Platforms and Open API based OSS platforms provides faster integrations to multi-party 5G BSS systems.
  • Subex's HyperSense Platform is a unified data analytics and AI orchestration platform, using technologies such as machine learning and AI.
  • JPL's 5G stack complements the digital monetisation platforms of Subex to enable a wide range of 5G use cases," said Mr. Aayush Bhatnagar, Senior Vice President of Jio Platforms.
  • By combining HyperSense with Jio Platforms' Cloud Native 5G Core, CSPs will be able to fast track their 5G journey by leveraging the power of AI.

Omdia: Mobile market sees highest revenue growth in 12 years

Retrieved on: 
Wednesday, June 22, 2022

The mobile market hasn't seen growth at this level since 2010 when 4G was launched and mobile penetration was half of what it is today.

Key Points: 
  • The mobile market hasn't seen growth at this level since 2010 when 4G was launched and mobile penetration was half of what it is today.
  • Central and Southern Asia including India, Pakistan, and Bangladesh, recorded the highest annual growth at 14.5%.
  • It was followed by Africa, the Middle East, and Eastern Europe all showing annual growth rates between 9-10%.
  • Operators around the world are starting to see the benefits with 17 out of the top 20 mobile operators experiencing growth in Q1.

SecurityGen earns the praise of mobile operators at the ROCCO Vendor Innovators Awards 2022

Retrieved on: 
Friday, May 20, 2022

ROME, May 20, 2022 /PRNewswire/ --SecurityGen, the global start-up provider of security solutions and service for the telecoms industry, has earned second place in the ROCCO Research Vendor Innovators Awards and the plaudits of leading telecom operators for its new ACE automated breach and attack simulation platform for mobile networks.

Key Points: 
  • ACE provides an automated approach to assess and improve the security posture of mobile operators by continuously testing the strength of their network defences against hackers, fraudsters and other malefactors.
  • "Mobile operators worldwide are launching 5G networks and services that promise dramatically faster speeds, lower latency, and connectivity for billions of devices.
  • This new open ecosystem will require operators to critically evaluate their risk postures and adopt new approaches to security.
  • The ROCCO Vendor Innovators Awards showcase innovative ideas, products and solutions in the mobile telecom industry that generate save costs or generate extra revenue for operators, improve operational efficiency and enhance the user experience for subscribers.

SecurityGen earns the praise of mobile operators at the ROCCO Vendor Innovators Awards 2022

Retrieved on: 
Friday, May 20, 2022

ROME, May 20, 2022 /PRNewswire/ --SecurityGen, the global start-up provider of security solutions and service for the telecoms industry, has earned second place in the ROCCO Research Vendor Innovators Awards and the plaudits of leading telecom operators for its new ACE automated breach and attack simulation platform for mobile networks.

Key Points: 
  • ACE provides an automated approach to assess and improve the security posture of mobile operators by continuously testing the strength of their network defences against hackers, fraudsters and other malefactors.
  • "Mobile operators worldwide are launching 5G networks and services that promise dramatically faster speeds, lower latency, and connectivity for billions of devices.
  • This new open ecosystem will require operators to critically evaluate their risk postures and adopt new approaches to security.
  • The ROCCO Vendor Innovators Awards showcase innovative ideas, products and solutions in the mobile telecom industry that generate save costs or generate extra revenue for operators, improve operational efficiency and enhance the user experience for subscribers.

Europe's Largest Retailer Set to Drive Omni-Channel Excellence with Help of Event-Driven Architecture

Retrieved on: 
Wednesday, April 27, 2022

As underlying infrastructure the Schwarz Group has introduced its container platform that is used to run Solace PubSub+ together with event-driven microservices.

Key Points: 
  • As underlying infrastructure the Schwarz Group has introduced its container platform that is used to run Solace PubSub+ together with event-driven microservices.
  • Requirements like independent scaling, accelerated deployment and provisioning, and messaging-as-a-service leads to resource efficiencies and shorter time to market.
  • A higher flexibility assures that the Schwarz Group meets customer expectations at any time now and in times of seasonal bursts.
  • The Schwarz Group began implementing PubSub+ Platform in mid-2021 and is scheduled to complete the implementation and migration of their systems by June 2022.