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Fosun RZ Capital Identifies IoT as the Major Key to an “Intelligent World”

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BEIJING, Sept. 26, 2020 /PRNewswire/ — The IoT is the third technological revolution after computers and the Internet, connecting all surroundings in a shared environment to accomplish anthropomorphic perception and exchange of information. Cisco predicts that 50 billion IoT devices will be put into use by 2020, signaling the arrival of a fully intelligent era. By investing in RoboSense, a LiDAR solution provider with a foothold in IoT, and Yunding, an intelligent home platform using IoT technologies, Fosun RZ Capital helps industries become more digitalized faster pace to create a more accurate IoT.

Fosun Rz Capital
Fosun Rz Capital

"The Chinese IoT market is expected to witness significant growth with the CAGR of approximately 22.7% during the forecast period", according to the China IoT Market 2019-2025.(1) China made the "development of the Internet of Vehicles" a priority in 2017. Such action boosted the continuous innovation and improvement of AI and intelligent technology projects, one of which is auto-driving cars. LiDAR nowadays has become an indispensable sensor on most RoboTaxis, a leading product of auto-driving cars. RoboSense, invested by Fosun RZ Capital, seized the opportunity of the fast development of LiDAR, provides its LiDAR solutions for autonomous driving to many of the world’s leading enterprises. On September 17, RoboSense worked with Alibaba, a global leader in information system technology, and helped its DAMO Academy launch its first driverless terminal product, "Xiaomanlv,"(2)(3) creating a new wave in the logistics robot market. In addition to facilitating large-scale commercial use for last-mile delivery and commercial scenarios, RoboSense will seize every opportunity to upgrade its technologies so that robots and AI can be put into more practical use.

Nowadays, the IoT has long become an essential indicator of a country’s innovation capacity and industrial competitiveness. The explosive development of AI, 5G, IoT, along with the falling costs of core component accelerated the penetration of IoT. From keys to fingerprints, the changing forms of door lock signify the arrival of "intelligent life." Yunding has been carrying out technology innovation to offer the industry the most comprehensive intelligent lock detection solution. With the demand for rental apartments soaring, smart door locks have also become a necessity. Experiments prove that the "little black box," which is said to be able to unlock many electronic locks, cannot break Yunding’s locks, even with a high level of electromagnetic pulse attack for 3 seconds, proving Loock locks are convenient and safe. As for apartment operation, intelligent technologies can reduce people’s pressure on management while lowering operating costs. So far, Yunding has supplied products to more than 500 apartments, including over 80% of the top 100 apartment brands. Yunding also owns a 60% share in the intelligent lock market. Recently, Yunding has joined hands with industry leaders, including Xiaomi Security, Alibaba Cloud, Goodix, Silicon Labs, and Future Technology, to build an intelligent lock security laboratory to achieve information exchange among different brands. And to better serve the 8.5 million Yunding users. (4)

Fosun RZ Capital is vigorously exploring the IoT to create an innovative ecology for the technology industry. Research has shown that, by 2020, the digital world will capture 44 trillion gigabytes of data from the surroundings. In this contemporary digital world, innovative technologies provide data support and numerous interconnected devices for the IoT, changing people’s lifestyles in all aspects. Fosun RZ Capital will continue to focus on technology investments to boost IoT development and collaborate with brilliant companies worldwide to empower and share growth.

Reference:

(1) "Chinese IoT Market Outlook Report 2019-2025 – ResearchAndMarkets.com." Yahoo! News, Yahoo!, 25 May 2020, news.yahoo.com/chinese-iot-market-outlook-report-130700402.html.  

(2)  Daily, National Business. [email protected] Launched Its First Robot Which Is Fittingly Named ‘Little Donkey’ as It Is Aimed for Logistic Purpose.The Robot Is Backed by AI and Autonomous Driving Technologies from Alibaba’s DAMO Academy, and Will Be First Adopted in Alibaba’s Cainiao Delivery Network. Pic.twitter.com/yHhw4D0GL4. Twitter, Twitter, 17 Sept. 2020, twitter.com/NBDPress/status/1306471868627517440.

(3) Tech, SCMP. "Alibaba Launches Logistics Robot for Last-Mile Deliveries to Lower Costs and as Pandemic Pushes Automation Https://T.co/itv4tchrOM." Twitter, Twitter, 17 Sept. 2020, twitter.com/SCMPTech/status/1306567843920719873. 

(4) "Yunding Technologies." Yunding, yunding.cn/. 

 

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Ria Money Transfer Partners with Thunes, Expanding Its Global Reach Via Mobile Money and Bank Transfers

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The partnership will significantly increase Ria’s customer base, adding more than 100m mobile account users through Thunes’ existing partners in the mobile payments sector.

SINGAPORE, Oct. 20, 2020 /PRNewswire/ — Ria Money Transfer, a global leader in the money transfer industry and subsidiary of Euronet Worldwide Inc. (NASDAQ: EEFT), and global cross-border payment provider Thunes announced today a strategic partnership to enable customers across the globe to send funds directly to millions of mobile wallet users and bank account holders in key emerging markets.

Now, thanks to this partnership, Ria’s extensive agent network can also send funds directly to mobile wallets, beginning with the addition of more than 100 million mobile money users to the company’s beneficiary customer base. The agreement promotes Ria’s continuous expansion in Asia, Africa, and LATAM through Thunes’ connections to digital wallets and banks. These include strong market players like M-Pesa in East Africa as well as MTN Mobile Money across the continent and other wallets in Tanzania, Uganda, Malawi, and Rwanda with more to come. This agreement follows Ria’s strategy to fast-track its digital services, gaining ground in a rapidly evolving market with a growing demand for mobile money and alternative payment solutions.

In addition to its extensive global network, Thunes provides advanced technological capabilities and a robust platform, enabling Ria to further enhance its digital services by delivering a fast, convenient, and affordable payment experience to its customers.

"At Ria, we are always looking for ways to facilitate access to remittance services. It’s vital for so many around the world who rely on funds from abroad to make ends meet," shared Juan Bianchi, CEO of Euronet’s Money Transfer Segment. "Partnering with businesses like Thunes, who understand the important role we play in the everyday life of our customers, is, without a doubt, the best way to continue expanding our digital product offering and global footprint."

Peter De Caluwe, Thunes CEO, commented: "Partnering with Ria, a global leader in the cross-border money transfer sector is another example of the importance of our interoperable payment network. We look forward to working together to drive greater access to financial services in emerging markets across Asia and Africa."

About Ria Money Transfer

Ria, a subsidiary of Euronet Worldwide, Inc. (NASDAQ: EEFT), is a global leader in the money transfer industry. The company is steadfast in its commitment to its clients and their communities, offering fast, secure, and affordable money transfers through a network of over 435,000 locations across more than 160 countries and online at www.riamoneytransfer.com.

About Thunes

Thunes is a B2B cross-border payments network that enables corporates and financial institutions to move funds and provide financial services in emerging markets. Our global platform connects mobile wallet providers, banks, technology companies and money transfer operators in more than 100 countries and 60 currencies. Thunes is headquartered in Singapore with regional offices in London, Shanghai, and New York.

For more information, visit www.thunes.com

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Planful Welcomes Kimberly Simms as Chief Customer Officer

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With Extensive Industry Experience and Customer Success Program Expertise, Simms Will Be a Significant Asset to Planful and the Companies It Serves

REDWOOD CITY, California, Oct. 20, 2020 /PRNewswire/ — Planful Inc., (formerly Host Analytics), the pioneer of Continuous Planning with its cloud platform for financial planning and analysis (FP&A), today announced that Kimberly Simms has joined the Planful executive team as Chief Customer Officer (CCO). In her new role, Simms will drive customer strategy and oversee the company’s customer teams, focusing on delivering faster time to value, use case expansion, and overall growth.

Simms brings over 20 years of leadership and management experience to her new position at Planful, having served in managerial and consulting roles at Anaplan, IBM, HireVue, Trigo Technologies, and Accenture. Simms was previously Vice President of Customer Success at Anaplan, a global cloud planning company, where she drove customer success across the solution delivery lifecycle. More recently, she served as Senior Vice President of Customer Success at HireVue, the global leader in virtual interviewing and assessments technology.

“We’re thrilled to welcome Kimberly to the Planful team,” said Grant Halloran, Chief Executive Officer, Planful. “Her extensive industry experience and deep customer success expertise makes her a tremendous asset to our team and an incredibly valuable advisor to our customers. Her passion for and commitment to innovation in the customer and delivery space further supports our mission to provide the very best customer experience and support in the business.”

At HireVue, Simms built and led a global customer success organization, achieving significantly improved customer engagement that resulted in best-in-class customer retention levels. At Anaplan, she scaled and developed the west coast customer success team during a period of hypergrowth. At IBM, Simms directed sales and delivery to support the analytics portfolio and served as big data practice lead for the information management lab services group. She began her career in consulting at Accenture after graduating from the University of Kansas.

“I’m delighted to join Planful because of the company’s remarkable focus on customers,” Simms said. “Planful has a unique vision for the industry—Continuous Planning—that, along with enabling technology, allows businesses to achieve leaps in agility despite a very dynamic landscape.” 

Planful’s cloud-based Continuous Planning platform accelerates FP&A processes by seamlessly unifying financial planning, financial close and consolidation, reporting, and visual analytics to help Finance leaders drive faster, and more collaborative, planning and decision-making cycles in all areas of the business.

About Planful

Planful (formerly Host Analytics) is the pioneer of Continuous Planning with its cloud platform for financial planning and analysis (FP&A). Planful delivers on the vision of Continuous Planning by accelerating the end-to-end FP&A process and fostering business-wide participation in agile planning and decision-making. More than 800 customers including, Bose, Boston Red Sox, Del Monte, TGI Friday’s, and 23andMe rely on Planful for financial planning and budgeting, dynamic operational planning, financial consolidations, reporting, and visual analytics. Planful is a private company backed by Vector Capital, a leading global private equity firm specializing in transformational investments in established technology businesses.  Learn more at www.planful.com.

Additional Resources
Hear from Planful customers
Discover Continuous Planning use cases
Join the conversation on social media: LinkedIn, Twitter, or Facebook.

Contact
[email protected]

Logo – https://mma.prnasia.com/media2/1077463/Planful_Logo.jpg?p=medium600  

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Zcoin Debuts Lelantus: Next-Generation Privacy Protocol Offers High Practical Anonymity Similar to Cash

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Leading privacy coin allows users to test the technology in advance of mainnet launch

SINGAPORE, Oct. 20, 2020 /PRNewswire/ — ZCoin (XZC) today announced the launch of the testnet for Lelantus, a next-generation privacy protocol developed by Zcoin, which is the culmination of intense cryptographic research and development to deliver an elegant yet powerful solution for untraceable transactions. The Lelantus testnet will give users the opportunity to try out the new technology and provide valuable feedback as the project prepares for the mainnet launch by the end of 2020.

The latest Zcoin protocol ensures confidential and anonymous blockchain transactions of all sizes, with short verification times. Based on a modified construction of one-out-of-many proofs, Lelantus enables users to destroy coins of arbitrary amounts and to redeem brand new coins (even partially) that appear to have no previous transaction history associated with them.

"Lelantus pushes the boundaries of privacy with powerful technology that offers very high practical anonymity while requiring no trusted setup, and an elegant cryptographic construction that uses only well-established cryptographic assumptions," said Reuben Yap, project steward of Zcoin. "Private crypto transactions live today either suffered from low privacy via small anonymity sets or required a degree of trust, something that is against the philosophy of public blockchains. Zcoin addresses both these issues. Our aim with Lelantus is to offer long-lasting privacy even in the face of increasingly advanced blockchain analysis techniques without compromising on trustlessness."

The technology innovation of Lelantus is based on proven cryptographic assumptions, and elevates practical privacy based on elegant cryptography to new levels. With privacy front-and-center, this development gives Zcoin users the ability to anonymize transactions in just one-click. This approach carefully balances the need for regular transparent transactions, which can be turned on, with the belief that privacy is a fundamental human right that should be built-in.  

Lelantus markedly improves on the original Zerocoin protocol’s performance, while enabling a key feature for anonymous transactions: confidentially transferring arbitrary amounts. Unlike Zcash, which is based on zkSNARKS, Lelantus requires no trusted setup. Lelantus is the trailblazer for other one-out-of-many proofs schemes that came after. This advanced cryptographic approach is already being considered by the likes of Monero, whose proposed Triptych protocol update would leverage many of the elements in Lelantus, including trustless set-up and obscured transactions.

Putting the option for private transactions front-and-center allows Zcoin users to access the breakthrough features of Lelantus at their fingertips while retaining easy integration with exchanges, wallets, and cross-chain bridges that require the speed and simplicity of regular transparent transactions.

Lelantus improves on other privacy protocols by removing the need for any trusted setup and using only DDH assumptions, making it more practical and simple-to-use, and the requirement of fixed denominations, which allows people to burn arbitrary amounts and redeem partial amounts without revealing values or the source. Zcoin worked with ABDK Consulting to audit the Lelantus cryptography and Trail of Bits to audit the Lelantus cryptographic library.

Stay tuned as Zcoin will also be undergoing a rebrand in the coming weeks that will highlight it’s unique burn and redeem privacy mechanism.

About Zcoin

Zcoin is a privacy-first digital currency that enables untraceable transactions and true financial freedom from the prying eyes of large corporations, financial institutions, and oppressive governments. Zcoin advocates privacy as a fundamental human right, and enables users to regain control of their money. As a leading technology innovator, Zcoin designed a simple burn and spend model that strengthens privacy, while making it more broadly accessible.

Related Links :

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