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Delta Capita: Reinventing Data Sourcing for Chinese Entities – Karbon 8

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LONDON, Oct. 29, 2020 /PRNewswire/ — Now is the time to Reinvent. As we continue to navigate through the transformational changes taking place globally companies can take the opportunity to make positive, innovative changes to how business is being conducted today that will lead to long term benefits for both your teams and clients.

Karbon 8 is the latest proprietary technology solutions Delta Capita has brought to market, reinventing how we source and access KYC data for China entities. Learn more on how Delta Capita can partner and work with you in “reinventing” your value chain. Let’s Reinvent.
Karbon 8 is the latest proprietary technology solutions Delta Capita has brought to market, reinventing how we source and access KYC data for China entities. Learn more on how Delta Capita can partner and work with you in “reinventing” your value chain. Let’s Reinvent.

Karbon 8 is the latest proprietary technology solutions Delta Capita has brought to market, reinventing how we source and access KYC data for China entities. Launched earlier this year, Karbon 8 provides a comprehensive and real time data source for all Chinese client information.

Reinvention is about making improvements to something by looking at it in a different or a new way. At Delta Capita we work with our financial services clients to recognise the possibilities available for reinventing their existing operating models and how they can deliver it in a new way. Partnering with our clients, we work together to reinvent their value chain and consider the ways value is added along the chain, both to the products and services they offer, and what Delta Capita can perform on their behalf.

Through Karbon 8 clients can implement a cost-efficient operating model by automating and mutualizing the KYC data collection for Chinese entities. Karbon 8 aggregates and conducts initial analysis and comparisons of the sourced data in Chinese and then translates it into English as the final step, minimising the number of data discounting needed to be conducted. The data is sourced in real time, directly from the data sources in minutes, regardless of where the KYC analyst is located.

Delta Capita is a global provider of managed services, technology solutions and consulting. Delta Capita have a unique combination of experience in Financial Services and technology innovation capability, supported by an eco-system of proprietary technology solutions. Headquartered in London with offices around the world, Delta Capita work with the world’s top financial institutions to help them comply with regulations, simplify operations, reduce costs, and innovate their business models.

Learn more by visiting our website on how Delta Capita can partner and work with you in reinventing your value chain. Let’s Reinvent.

Media Enquiries: 
Leeya Hendricks 
CMO Delta Capita 
+44 (0)20 3890 4803 
[email protected]

Photo – https://mma.prnasia.com/media2/1322073/karbon_8.jpg?p=medium600
Logo – https://mma.prnasia.com/media2/1322074/Delta_Capita_Logo.jpg?p=medium600

 

Related Links :

https://deltacapita.com

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OKEx resumes withdrawals of digital assets

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VALLETTA, Malta, Nov. 27, 2020 /PRNewswire/ — OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, has restored its full range of services for its users by reopening withdrawals of all digital assets as of 8:00 am UTC, Nov. 26. The OKEx team ran comprehensive security checks prior to resuming normal operations of the hot wallet system to ensure the safety of users' funds.

As part of its continued pledge to full transparency, OKEx has always maintained 100% of reserves since its inception. As such, users are able to withdraw funds with no restrictions. Alongside reopening withdrawals, the Malta-based exchange is offering generous loyalty rewards for users as a gesture of appreciation for their support and understanding during this time. 

While all other operations of the exchange remained unaffected, withdrawals from OKEx were temporarily suspended on Oct. 16 to guarantee the safety of users' assets, which remains OKEx's number-one priority at all times. Over the years, the exchange has gained unrivaled experience in safely operating digital wallets, assets and transactions with no major security incidents. 

“We are pleased to be back to operating at full capacity, with all trading activity, deposits and withdrawals functioning as expected and security measures in place to ensure the safety of user assets. Beyond continuing to provide more diverse products, trading tools and innovative solutions for our customers, the security of their funds is our primary concern,” said OKEx CEO Jay Hao

OKEx maintains rigorous security standards to ensure the safety of digital assets through a combination of cold storage and a hot wallet system that is protected by the exchange's online and semi-online risk-management systems, semi-offline multisignature services, big data risk-management systems and other protection mechanisms. Working together, they check for abnormal behaviors in transaction amount or frequency and delay or refuse any transactions deemed suspicious, thereby quickly preventing large withdrawals from malicious actors.

The exchange also has an extensive backup mechanism in place for private key holders to ensure that each holder can trigger the activation of the backup private key in the event of long-term incapacitation, such as death or memory loss. On this occasion, however, OKEx had failed to take other specific scenarios into account, such as private key holders becoming unreachable due to unforeseen circumstances. 

“We are working hard to restore user trust and will be rolling out a solution to improve our internal processes so that we can try our best to prevent this type of situation from happening in the future,” Jay Hao added.

OKEx has secured its reputation and position as a world-leading exchange through its continued innovation and diverse product offering as well as strict adherence to laws and regulations around the world, establishing robust Know Your Customer checks and anti-money laundering mechanisms. Building on its solid platform and loyal user base in conjunction with continued collaboration with regulators, OKEx looks forward to continuing to serve customers and furthering the development of the blockchain space.

About OKEx

A world-leading cryptocurrency spot and derivatives exchange, OKEx offers the most diverse marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks. We provide spot and derivatives trading — including futures, perpetual swap and options — of major cryptocurrencies, offering investors flexibility in formulating their strategies to maximize gains and mitigate risks.

                                                

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SOURCE OKEx

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OneConnect Financial Technology cements presence in Malaysia with new entity; Launch graced by MDEC

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SHENZHEN, China, Nov. 26, 2020 /PRNewswire/ — OneConnect Financial Technology Co., Ltd. (NYSE: OCFT), the leading technology-as-a-service platform provider and an associate of Ping An Insurance Group, reaffirms its commitment as the trusted tech partner for financial institutions in Malaysia with the launch of its new entity, OneConnect Smart Technology (Malaysia) Sdn Bhd. In line with its Southeast Asia expansion strategy, Malaysia is a key growth engine where OneConnect plans to build a local team that stands ready to serve financial institutions across Malaysia and support its regional projects. The launch was graced by Dato' Ng Wan Peng, Chief Operating Officer of the Malaysia Digital Economy Corporation (MDEC).

Malaysia's fintech space is thriving

Bank Negara Malaysia (BNM) has launched several initiatives in a move to embrace financial inclusion and the shift in banking habits towards digital channels. These include the announcement last year that it will issue new digital banking licenses and the publication of an Electronic Know-Your-Customer (eKYC) guideline on 30 June 2020. The move has given a boost to the nation's banking and fintech players that are ready to accelerate digital transformation and adopt fintech innovations.

“Fintech had garnered lots of attention for its astonishing potential in impacting lives and changing economies. Since it appeared, fintech helped enable ordinary people to access financial products securely and efficiently. At the same time, it also accelerated the economic growths of many countries. In order to enhance the development of the fintech ecosystem for this country, the Malaysia Digital Economy Corporation (MDEC) will continue to engage start-ups, investors and innovators from around the world to yield positive outcomes via its continuous efforts in expanding and innovating the fintech industry. As OneConnect has established a regional presence in Malaysia, it reinforces the fact that Malaysia is an attractive investment destination. In fact, many fintech and data ecosystem players come to Malaysia specifically for its vibrant testbed environment and the multi-cultural background of its talent pool and their digital savviness and language proficiency in technical subjects,” shared Dato' Ng Wan Peng, Chief Operating Officer, MDEC.

According to the e-Conomy SEA 2020 Report[1], consumers and SMEs have adopted digital financial services like never before. In Malaysia, over the various Movement Control Order periods, many turned to the Internet for solutions to their challenges. A significant number tried new digital services – 36 per cent of all digital service consumers were new – with 92 per cent of these new consumers intending to continue their behaviour post-pandemic. Year-to-date, Malaysia has also seen a 33 per cent monthly active user growth for select mobile banking apps.

The scene is an important preamble to the ongoing digital transformation taking place in the financial landscape and it signifies a positive sign for OneConnect who has market-ready solutions for insurtech and full-stack digital banking technologies including end-to-end frictionless account opening and onboarding, smart lending, and an eKYC solution that recognises MyKad.

Committed to the growth of Malaysia's financial sector

OneConnect is committed to being the trusted tech enabler in digital transformation for financial institutions.

Backed by Ping An's 32 years of experience in the financial industry and an extensive track record as the tech enabler, OneConnect is able to bring to Malaysia the breadth and depth of proven solutions, and journey with its clients through their digital transformation roadmap.

Echoing the same, Tan Bin Ru, CEO (Southeast Asia) of OneConnect Financial Technology, said, “Malaysia is of strategic importance to OneConnect. The country is home to five local banks that are 20 of Southeast Asia's largest banks, enjoying strong regional presence. Bank Negara Malaysia's decision to open its door to digital banking bodes well for our Southeast Asia expansion strategy. One of our unique value propositions that our clients value much is the breadth and depth of our solutions which becomes a breeze when they can have a single strategic tech partner to integrate a full suite of digital solutions and work alongside their team through phases of their transformation plan. We see a lot of potential in Malaysia and with our new office being set up, we will be able to contribute our deep market knowledge and ready solutions to the local banks and financial institutions in Malaysia.”

She added, “Having served all the major banks and more than half of the insurance companies in China, we have amassed extensive track records in enabling digital transformations for, and accumulated a wealth of bespoke experience in the banking, insurance and ecosystem realms. Since the setting up of our regional headquarters in Singapore in 2018, more than 50 clients across Southeast Asia and other parts of Asia, as well as the UAE and Europe have entrusted us to be their tech expert.” 

Serving the needs of leading financial institutions in Malaysia

OneConnect currently serves a global insurance player and three of the top five local banks in Malaysia It has collaborated with RHB Bank and another top five local bank where it collaborated on the development of two firsts-of-its-kind services that were launched in Malaysia recently. It is also collaborating with CIMB Philippines to enhance digital banking technologies in The Philippines.

OneConnect has partnered with RHB Bank to develop an omnichannel platform that fully digitalises the SME loan experience. The omnichannel platform – comprising the RHB Financing (SME) mobile app for customers, a sales app for the bank's relationship managers and a seamless SME loan management website – utilises OneConnect's artificial intelligence (AI) and eKYC technologies. Launched in August as Malaysia's first AI-powered SME financing mobile app, the app automates and simplifies onboarding process where SMEs only need to submit two scanned documents – MyKad and a bank statement – via their mobile phones to apply for loans. The omnichannel platform lets RHB serve SMEs more efficiently by reducing the back-office processes and operating costs. The bank aims to provide RM500 million in financing facilities to support small businesses in the next year.

OneConnect also partnered with another top five local bank to develop a mobile banking app powered by its eKYC solution, making this the first eKYC solution approved by BNM to launch in Malaysia in October. The app is the first in Malaysia launched by a bank to deliver a truly digital onboarding experience without having to visit any physical branch. Customers can open an account and bank safely anytime and anywhere amidst the ongoing pandemic.

Yao Jing, Head of Strategy and Business Development (Singapore and Malaysia), OneConnect Financial Technology, said, “Our deep market knowledge and ready solutions for Malaysia aptly position us to meet the local needs. We are grateful for the trust and confidence that some of the largest financial institutions in Malaysia have given us and we will continue to deepen the relationships with our valued clients. We see ourselves as a strong tech player in this space, and are dedicated to supporting and enabling the digital banking ecosystem here. We will continue to forge collaborations and work closely with financial institutions and other stakeholders, including Bank Negara Malaysia, and nurture the local tech talents as we walk this journey of a transformational landscape together.”

OneConnect plans to hire local talents to grow a product and engineering team who will provide support for clients in Malaysia and have the opportunities to work on its regional projects.

About OneConnect Financial Technology

OneConnect (NYSE: OCFT) is a leading technology-as-a-service platform for financial institutions. The Company's platform provides cloud-native technology solutions that integrate extensive financial services industry expertise with market-leading technology. The Company's solutions provide technology applications and technology-enabled business services to financial institutions. Together they enable the Company's customers' digital transformations, which help them increase revenue, manage risks, improve efficiency, enhance service quality and reduce costs.

Our technology-as-a-service platform strategically covers multiple verticals in the financial services industry, including banking, insurance and asset management, across the full scope of their businesses – from sales and marketing and risk management to customer services, as well as technology infrastructure such as data management, program development, and cloud services.

Annex: Chinese Glossary

English

Chinese

Tan Bin Ru, CEO (Southeast Asia), OneConnect Financial Technology 

陈敏如, 东南亚首席执行官, 金融壹账通

Yao Jing, Head of Strategy and Business Development (Singapore and Malaysia), OneConnect Financial Technology

姚惊, 战略兼业务拓展总经理 (新加坡与马来西亚地区), 金融壹账通

Dato' Ng Wan Peng, Chief Operating Officer, Malaysia Digital Economy Corporation

拿督黄婉冰, 首席运营官,马来西亚数字经济发展局

 

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SOURCE OneConnect

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Manuela Baroncini joins Swiss Re Corporate Solutions as Global Head Engineering & Construction

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ZURICH, Nov. 27, 2020 /PRNewswire/ — Swiss Re Corporate Solutions appoints Manuela Baroncini as Global Head Engineering & Construction (E&C), effective 1 March 2021. In this role, Ms. Baroncini will be responsible for driving the success of the E&C portfolio, maintaining a profitable book of business and leading a global team of underwriting experts. Based in London and reporting to Martin Hegelbach, Head Property & Specialty, Ms. Baroncini succeeds Guido Benz, who will join Aon at the end of December after 13 years with Swiss Re.

Construction site (PRNewsFoto/Swiss Re Corporate Solutions)

“It is great to welcome someone of Manuela's calibre and technical expertise back to Corporate Solutions. She is a highly energetic, experienced industry leader who understands the needs of our customers. She is also highly engaged with the broking community and truly understands the market,” said Mr. Hegelbach. “Over the past several years, Manuela has amassed a wealth of knowledge and experience by profitably managing large portfolios of business. I look forward to working with her as she leads our next phase of development in this key sector.”

Mr. Hegelbach continued, “We wish Guido great success in his new role. He has been instrumental in building up our E&C book of business and expanding our product offering. We are sad to see him leave but look forward to continuing the relationship as he will remain active in the insurance market.”

Ms. Baroncini brings almost 20 years of construction insurance experience to this role, most recently as Head of Construction UK for a large commercial insurer. In this role, she was responsible for providing construction risk transfer solutions for domestic and multinational risks to help make customers in the UK and around the globe more resilient. She previously worked for Swiss Re Corporate Solutions between 2002 and 2015 in roles of increasing seniority within the E&C team.

Ms. Baroncini holds a Fellowship Post Degree in Material Science from the University of Cambridge and a Master of Science in Mechanical Engineering from the University of Rome Tor Vergata. She is an executive member at the London Engineering Group and a Chartered member of the Italian Institution of Engineers.

The Swiss Re Corporate Solutions E&C team insures a wide range of risks across different sectors including renewable energy, construction, infrastructure, power and utilities, heavy industries and mining.

About Swiss Re Corporate Solutions
Swiss Re Corporate Solutions provides risk transfer solutions to large and mid-sized corporations around the world. Its innovative, highly customised products and standard insurance covers help to make businesses more resilient, while its industry-leading claims service provides additional peace of mind. Swiss Re Corporate Solutions serves clients from offices worldwide and is backed by the financial strength of the Swiss Re Group. Visit corporatesolutions.swissre.com or follow us on linkedin.com/company/swiss-re-corporate-solutions and Twitter @SwissRe_CS.

Logo – https://mma.prnewswire.com/media/1343441/Swiss_Re_Corporate_Solutions_Construction_site.jpg  

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