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AIRBUS, AMAZON, L’OREAL AND VOLKSWAGEN EXECS HEADLINE SPEAKER ROSTER AT INVEST IN PHOTONICS(R) 2014

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Invest in Photonics Chairman Giorgio Anania

Global industry players aim to show investors the new frontiers and market opportunities that light-based technologies are creating within their industries

The fourth edition is on October 9 – 10, 2014, in Bordeaux, France. Since 2008 it has helped photonics firms raise EUR 87m (USD 119m).
Invest in Photonics(R), a two-day international business partnering convention focused exclusively on photonics venture capital investment announced its line-up of top industry speakers. Amazon’s Babak Parviz and other leading executives from Airbus, Alcatel Lucent Bell Labs, Leica Microsystems, L’Oreal and Volkswagen will be among numerous top industry players and analysts discussing the fast-growth developments that photonics is enabling within their respective industries. Invest in Photonics takes place October 9 – 10, 2014 in Bordeaux, France, which is a growing region for lasers, optics and photonics.

Invest in Photonics Chairman Giorgio Anania

Invest in Photonics Chairman Giorgio Anania

Invest in Photonics focuses on providing venture capitalists with a clear perspective on the most innovative, credible and profitable market opportunities in photonics (light-based technologies).

The two-day conference attracts top industry analysts, private investors and financial institutions looking to strike deals, SMEs seeking funding, OEMs and end-users. They come together to network and create profitable business opportunities. A select list of 20 innovative European companies will be invited to make elevator pitches during the conference. Invest in Photonics has helped raise EUR 87m (USD 119m) in funding to date, since the biennial event began in 2008.

“It is an exciting time for photonics, which is bringing significant innovations to many traditional and emerging markets,” said Thierry Thevenin, head of the Invest in Photonics organizing committee. “At this year’s event, we are honored to welcome to Bordeaux top industry players and thought leaders who will share their experiences and insights on how photonics technologies are creating opportunities for growth in healthcare, consumer electronics, efficient energy, aerospace and transport. The two VC roundtable sessions: ‘Photonics Financing – The Shift from VC to Corporate?’ and ‘What’s up in Alternative Financing?’ will be essential to understanding the important changes taking place in financing. Invest in Photonics plays a unique role. We invite you to join the only venue that provides fast-track information on leading investments in photonics.”

Photonics is a global industry currently estimated at USD 480bn (approx. EUR 364bn), according to market data from the International Society of Optics and Photonics (SPIE). In Europe, the photonics industry generates EUR 43bn in annual turnover, employing 245,000 salaried workers (source: CNOP, the French national committee for optics and photonics).

Photonics spans a broad range of applications. In our daily lives, these range from the internet to any device with a display (smart phone, camera). It covers intelligent lighting, LED headlights and self-driving cars to imaging of cancerous cells as well as other health monitoring applications, endoscopy, and laser eye surgery among others.

Invest in Photonics

Invest in Photonics

While photonics is ubiquitous, most users are unaware of its role or significance; it is often invisible in end-use applications. Around 60 per cent of companies in photonics employ fewer than 20 staff. A fair majority of start-ups are still looking for financial support, according to EPIC, an industry association for organizations working in the photonics field in Europe.

This year’s event will emphasize four market segments that extensively use photonics to further raise awareness among the financial community. These are consumer electronics, the life sciences, aerospace and transportation, plus energy and the environment.

Invest in Photonics Speaker Highlights
Steve Anderson, SPIE industry and market strategist, will give the keynote address. He will provide an industry update, showcase industry performance results and the impact on the global economy. He will also cover the underlying trends in key markets.

Consumer market
Babak Parviz, the creator of Google Glass who joined Amazon earlier this year, will introduce the consumer electronics segment. He will discuss displays and imaging and how they are integrated into products like wearable devices to provide new types of experiences. Gildas Sorin, the former CEO of Novaled will join Parviz to present a case study of the photonics company he founded and sold to Samsung for EUR 260m.

“Photonics is present everywhere in the consumer market, from components such as displays and cameras in consumer electronic devices, to fiber networks that push massive amounts of data between data centers or even send them to homes,” said Parviz. “It is mindboggling how photonics is touching peoples’ lives. Without photonics, the digital economy as we know it would not exist.”

Life sciences
Senior researcher Bernard Querleux at L’Oreal, and European sales director for life sciences research Christophe Thumser from Leica Microsystems will lead the life sciences segment. Querleux will reveal how widely L’Oreal uses photonics from the design of smart optical materials for modulating skin and hair appearance to highly sophisticated 3D in vivo multi-photon microscopy of the skin. Thumser will address advanced imaging technology in microscopy that help the understanding of molecular processes in age-associated diseases and other market drivers in life science research for new imaging technologies.

Aerospace and transportation
Denis Chapuis, VP of Airbus will talk about the overall need for more connectivity, bandwidth and other capabilities that is driving the aerospace industry to replace copper based links with fiber optics or free space laser communications. He will discuss how photonics systems are offering future developments in communications, imagery, surveillance, space debris management and power beaming.

Energy and the environment
Jean-Luc Beylat, president of Alcatel Lucent Bell Labs France, will cover the segment on energy and the environment. He will discuss how the network energy consumption is one of the major industrial challenges facing the ICT industry. In the near future, many research efforts will foster energy-related and green innovations.

There will be two venture capitalist roundtable sessions. A leading topic will be alternative financing through crowdfunding. An important speech on the European Union’s views on photonics financing will also take place.

Consult the full program: http://www.invest-in-photonics.com/invest-in-photonics/schedule

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England soccer star Rashford nets younger buyers for Burberry

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England soccer star Rashford nets younger buyers for Burberry 1

By Sarah Young

LONDON (Reuters) – Burberry stuck to its full-year goals on Wednesday after a media campaign fronted by high-profile English soccer star and social justice advocate Marcus Rashford drew a younger clientele to the British luxury brand.

Higher full-price sales would boost annual margins and Asian demand remained strong, Burberry said, while warning that it could suffer more sales disruption from COVID-19 lockdowns.

Manchester United striker Rashford, 23, has won plaudits for his campaign to help ensure that poorer children do not go hungry with schools closed during the pandemic.

A first coronavirus wave last year cut Burberry’s sales by as much as 45% before a bounce back on strong demand in mainland China and South Korea, which continued in the last few months.

Shares in Burberry were up 5% to 1,825 pence at 0905 GMT, with Citi analysts saying that improved sales quality from fewer markdowns would drive full-year consensus upgrades.

Burberry’s 9% sales decline in its third quarter was worse than the 6% fall in the second, and the company said that 15% of stores were currently closed and 36% operating with restrictions as a result of measures to curb COVID-19’s spread.

“We expect trading will remain susceptible to regional disruptions as we close the financial year,” Burberry said, adding that it was confident of rebounding when the pandemic eases given the brand’s resonance with customers.

In the third quarter, comparable store sales in Europe, the Middle East, India and Africa declined 37%, hit by shops shut in lockdowns and a lack of tourists visiting Europe, but in the same period, it posted sales growth of 11% in Asia Pacific.

Burberry said that Britain’s new relationship with the European Union would cause headwinds, warning of a modest increase in costs to comply with new rules and also the impact of an end to a scheme for VAT refunds for non-EU tourists.

This would make Britain a less attractive destination for luxury shopping when tourism returns after the pandemic, Burberry said, adding that it would try to mitigate the effect.

(Reporting by Sarah Young; Editing by Kate Holton, James Davey and Alexander Smith)

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Alibaba’s Jack Ma makes first live appearance in three months in online meet

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Alibaba's Jack Ma makes first live appearance in three months in online meet 2

SHANGHAI (Reuters) – Alibaba Group founder Jack Ma met 100 rural teachers in China via a live video meeting on Wednesday morning, in the businessman’s first appearance since October, triggering a sharp jump in the Hong Kong listed shares of the e-commerce giant.

Social media speculation over the whereabouts of China’s highest-profile entrepreneur swirled this month after news reports that he missed the final episode of a TV show featuring him as a judge, amid a regulatory clampdown by Beijing on his sprawling business empire.

Ma had not appeared in public since Oct. 24, where he blasted China’s regulatory system in a speech at a Shanghai forum that set him on a collision course with officials, leading to suspension of a $37-billion IPO of Alibaba’s financial affiliate Ant Group.

Tianmu News, a news portal under Zhejiang Online, which is backed by the provincial Zhejiang government, first reported that Ma had met with the teachers via a live video conference on Wednesday.

The Jack Ma Foundation said that Ma participated in the online ceremony of the annual Rural Teacher Initiative event on Wednesday. Alibaba Group also confirmed that Jack Ma attended the online event.

Alibaba’s Hong Kong-listed shares jumped more than 6% after the reports of his reappearance, compared with a 0.64% rise in the Hang Seng index.

Ma’s public appearance comes as Alibaba plans to raise at least $5 billion through the sale of a U.S. dollar-denominated bond this month. Reuters reported the bond proceeds could reach $8 billion, which the e-commerce leader was likely to use for general corporate expenditure.

Alibaba is also the target of an antitrust investigation launched last month by Chinese authorities, who have in recent months accelerated a crackdown on anticompetitive behaviour in China’s booming internet space.

In the 50-second video, Ma, dressed in a navy pullover, spoke directly to the camera from a room with grey marble walls and a striped carpet. It was not clear from the video or the Tianmu News article where he was speaking from.

He addressed teachers receiving the Jack Ma Rural Teachers Award, who in previous years would have attended a ceremony organised by the Jack Ma Foundation in the Chinese seaside city of Sanya.

“We cannot meet in Sanya due to the epidemic,” he said in the speech, which did not discuss his whereabouts. “When the epidemic is over, we must find time to make up for everyone’s trip to Sanya, and then we will meet again!”

Xie Pu, founder of Chinese tech website Techie Crab, said the media and public had over-interpreted Ma’s move to lay low and that his step away from the public spotlight should not have been seen as a problem for Alibaba.

“We shouldn’t over-interpret his reappearance into public view this time, said Xie Pu, founder of Chinese tech website Techie Crab. “Alibaba still has a good governance structure — there are partners and a board of directors.”

(Reporting by Brenda Goh in Shanghai, Kane Wu and Sumeet Chatterjee in Hong Kong, Yingzhi Yang in Beijing; Editing by Tom Hogue and Gerry Doyle)

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ComplyAdvantage Releases State Of Financial Crime Report For 2021

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ComplyAdvantage Releases State Of Financial Crime Report For 2021 3

Designed as an must-have strategic roadmap for compliance teams, the comprehensive report covers financial crime insights related to fraud, cyber, and money laundering, the rise of crypto,

and the ever-changing sanctions landscape

ComplyAdvantage, a global data technology company transforming financial crime detection, today announced the availability of the firm’s much anticipated report The State Of Financial Crime 2021 Designed as a strategic guide for global compliance teams, the report lays out the many emerging threats that governments and financial institutions will face in 2021, along with prescriptive recommendations for implementing best compliance practices for combating financial crimes.

The research on which The State Of Financial Crime 2021 report is based was administered in November and December 2020. Interviews were conducted with 600 C-suite and senior compliance decision makers across North America, Europe, and Asia Pacific. The respondents represented enterprise banking, investments, crypto, insurance organizations, and fintechs.

One of the biggest challenges that compliance teams face is keeping current on the rapidly evolving regulations, and the advances of criminal behavior while balancing their organizations’ risk appetite.   Risk indicators are also becoming harder to spot as the amount of information available grows exponentially and the speed of change gathers pace.  This is why ComplyAdvantage has dedicated the company’s resources and  anti-money laundering (AML) expertise in order to help compliance executives mitigate regulatory risks related to the most extreme AML financial crimes.

The State Of Financial Crime 2021 delves into the most important financial crime trends that Compliance Officers are most concerned with in the coming year.  Specifically, these trends include increased fraud related to COVID-19 relief; risk vulnerabilities related to inconsistencies in global AML and counter financing of terrorism (CFT) system; the growth in sophistication of computer and mobile-enabled cybercrimes via payment systems; the continued use of sanctions as a tool of first resort and more.

A sample of key insights from the report include:

  • SARs filing was on the rise with 74% of respondents saying they filed more SARS in 2020 than the previous year
  • 93% of respondents stated that real-time AML risk data would improve their compliance operations
  • Cybersecurity and third party risk management were noted as organizations’ biggest compliance-related pain points in 2020. With 54% of respondents ranking cybersecurity as a top pain point.
  • 62% of respondents plan on upgrading their legacy systems in 2021.
  • 54% of respondents plan on replacing or upgrading their transaction monitoring system in 2021.

“Due to the massive economic, political and social disruption brought about by COVID-19, international crime syndicates, rogue nations, global terrorists and cyber-criminals have become increasingly more aggressive, “said Charles Delingpolefounder and CEO of ComplyAdvantage.  “Therefore, we felt it was imperative to prepare Compliance Officers and their teams for the potential onslaught of financial crimes driven by nefarious organizations.

Already the preferred choice of some of the world’s largest banks, enterprises and           high-growth fintechs, ComplyAdvantage uses machine learning and natural language processing to help regulated organizations manage their risk obligations and prevent financial crime. The company’s proprietary database is derived from millions of data points that provide dynamic, real-time insights across sanctions, watchlists, politically exposed persons, and negative news. This reduces dependence on manual review processes and legacy databases by up to 80% and improves how companies screen and monitor clients and transactions.

ComplyAdvantage releases The State Of Financial Crime 2021 a comprehensive report covering financial crime trends related to fraud, cyber, and money laundering.  #compliance #financialcrime #AML #antimoneylaundering #cybercrime

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