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HTC Unveils Phone-VR Integration Features, Innovative VR Enhancements, and New Strategic Partnerships at VEC2018

HTC Unveils Phone-VR Integration Features, Innovative VR Enhancements, and New Strategic Partnerships at VEC2018

HTC’s U12+ flagship smartphone and the Vive Focus standalone integration marks the emergence of the new Vive Reality Ecosystem

HTC Corporation (“HTC”), a pioneer in innovative, smart mobile and virtual/augmented reality (VR/AR) technologies, today held its annual VIVE™ Ecosystem Conference (VEC2018), where it announced and demonstrated innovative advancements that show the converging of its smartphone and VR/AR businesses. The newly announced HTC U12+ flagship phone when combined with the VIVE FOCUS™ System Update 2.0 enabled seamless integration between mobile and immersive device. The event also announced a number of strategic partnerships across multiple industries. HTC is reinforcing its stated vision of Vive Reality by integrating the benefits of VR, AR, 5G and AI technologies into a new combined ecosystem, and welcoming partners from around the world to work together to realize it.

Vive Focus System Update 2.0 released

In the new System Update 2.0 released today, Vive Focus users are now able to receive messages, social notifications and take calls on their HTC smartphones without taking off their headset. This allows users to stay in touch with the outside world while immersed in VR. By updating its built-in Vive companion app, HTC U12+ users will be able to explore the first-hand experience of those integrated features, and the upgraded Vive companion app will be available in both HTC official app store and Tencent app store shortly, for all users to enable their HTC smartphones to connect with Vive Focus and PC based Vive devices.

To support the need for users to operate the device in moving vehicles, a new “Passenger Mode” is part of the system update optimized for seated VR experience or watch movies for up to four hours (originally three) without tracking constraints. With a double-click of the power button, users can activate the all new “Surroundings Mode”, to browse the space around them without taking off the headset. In addition, this update enables the ability to install applications directly to their microSD card (up to 2TB), so users will never need to worry about running out of storage for their favorite applications. What’s more, VIVEPORT™ M global account on the Vive Focus now supports payments from major credit cards, allowing users anywhere in the world to purchase premium applications for the device.

Moreover, HTC has empowered the Vive Focus standalone with a host of additional innovative coming features that will enable a superior user experience. HTC demonstrated multiple applications utilizing its light gesture recognition SDK for the Vive Focus giving developers the ability to bring both hands into VR applications. This gesture SDK will be released to registered Viveport developers in the coming weeks. Additionally, HTC teased the ability to upgrade Vive Focus’ current 3 degree of freedom (3DoF) controller to behave like 6DoF controller without the needs for any additional hardware by leveraging the device’s existing front facing cameras and its proprietary AI computer vision technology. Also highlighted in its preview video, was the ability to stream phone screen content from the HTC U12+ to the Vive Focus enabling millions of existing mobile applications, games and video content to be enjoyed on a super-size screen vs. a 6″ one.

For Vive Focus users who want to access a richer library of premium VR applications at home, HTC demonstrated the ability for PC VR content from Viveport or Steam to wirelessly stream to the Vive Focus via a 5GHz Wi-Fi network. This is enabled by an optimized version of the Riftcat VRidge application that takes advantage of the higher resolution and refresh rate of the Vive Focus which can be downloaded on the Viveport M store today. Vive Focus users can now enjoy a library of hundreds of supported premium VR titles without any wires and without any special accessories. Users will be able to operate the PC VR applications interface either by using the standard Vive Focus controller or Xbox controller and third party controllers paired to the host PC.

“VEC2018 marks the beginning of a new chapter for HTC as we combine our heritage of innovation in the mobile sector with our industry leadership in the VR/AR field.” said Alvin Wang Graylin, China President, HTC. “The breadth and depth of innovation demonstrated here today is a clear sign of our commitment to the industry and our many partners in building a new ecosystem around the Vive Reality pillars of VR, AR, AI and 5G. The new capabilities and experiences highlighted in the event today are solving some of the biggest concerns in the market about the VR/AR industry marking a clear step forward to increasing adoption to the masses.”

Building a sustainable and expandable new ecosystem

Since the launch of the VIVE WAVE™ VR open platform last November where 12 hardware partners pledged support for the new platform, Vive Wave enabled devices have started to come to market. Among them, Pico, iQIYI and Skyworth endorsed Vive Wave by embedding it in their newly released and upcoming products. HTC is committed to uniting the fragmented mobile VR market in China and bringing even more high quality devices and content to all segments of the market.

Other than empowering the hardware market landscape, HTC is also making efforts in content developing to expand the new ecosystem. The Oasis Beta VR application currently available on Viveport is a scalable world with numerous exciting content inside. HTC disclosed it will soon be adding a full function “Avatar Creator” and “Social Area” enabling limitless possibilities to customize users’ own avatars and added fun of going together to the Oasis to meet people from around the world. HTC is calling on developers around the globe to join “The Oasis Expansion” program and submit their applications for future inclusion in the world of Oasis Beta.

HTC’s affiliate company, Vivedu, also showcased the potential for VR to improve education by launching its collaborative “Vive Focus Classroom”. This integrated VR classroom solution supports up to a hundred simultaneous students in a shared VR classroom using the Vive Focus. The students can be located in the same physical space or join classes remotely. Virtual reality enhanced teaching combined with distanced learning enabled in a multi-user shared virtual environment can take the concept of immersive education to a new level.

Forming strategic partnerships to drive mass adoption for VR/AR

At VEC, a new partnership with Major League Baseball (MLB), the professional American baseball league, was announced onstage to kick off a series of collaborations in China, including the Baseball Park roadshow across more than 10 major cities and the “Perfect Pitch” reality TV show on the Tencent video network. Baseball has recently emerged to become a growing sport trend for post-millennials in China. MLB has found that VR helps both to increase popular interest for the sport amongst this audience and is a great training tool to help youth improve their skills.

“We are proud of this exciting new partnership with HTC that will bring virtual reality technology to two important MLB fan engagement initiatives in China,” said Jim Small, MLB Vice President, Asia Pacific. “This cooperation provides MLB with important support to grow the game in China and it delivers an exciting new way for fans to enjoy MLB action.”

To continue the sports theme, HTC also announced a long-term strategic partnership with the world-famous Formula One (F1) team McLaren, to jointly produce VR products and VR/AR content targeted at bringing a new level of spectatorship and participation to the enormous 500 million plus F1 fan base. The two companies will also work together on the world’s first VR eSports competition linked to a real professional sport. HTC will be the official VR partner of McLaren’s eSports competition, where McLaren will search the world for people who will ultimately become part of the McLaren racing team. China is one of the largest markets for McLaren car sales and is also the largest eSports market globally.

Zak Brown, Chief Executive of McLaren Racing, commented: “This is a tremendously exciting partnership for McLaren and HTC. Innovation sits at the heart of both our brands and our collaboration will enable F1 fans of today and tomorrow around the world to become more immersed and engaged in this incredible sport. As McLaren continues to develop its eSports program, HTC will help us build on and accelerate our early adoption of this platform.”

Last but not least, HTC announced a partnership with Seagate, the world’s leading storage solutions provider, to bring the world’s first accessory device to provide both extra battery life and massive media storage designed for VR devices. The Seagate ‘VR Power Drive’ has been optimized to plug and play with the Vive Focus. It will allow users to bring thousands of hours of video or music, while nearly doubling the battery life of the Vive Focus. The device is also compatible with the U12+ and comes with easy to use backup software, so users won’t have to worry about losing their data again. The device will ship in Q3 this year.

“We have been working together and committed to jointly developing solutions for VR devices since our partnership established. Today, we are delighted that we have devised the Seagate VR Power Drive, which is tailored to the Vive Focus, by applying Seagate’s unique storage expertise to meet Vive Focus users’ increasing needs for data.” said Jim Murphy, executive vice president, worldwide sales & marketing, Seagate Technology. “In the years to come, we will continue to cooperate with HTC, and further optimize storage solutions according to the characteristics of VR applications to better meet the special data needs of the Vive products and bring Vive users the optimal experience at home or on the road.”

Vive Focus System Update 2.0 can be downloaded on all Vive Focus devices today, and further updates are expected to release in Q3. The Vive Wave, Vive Focus and Vive Pro SRWorks developer SDKs are all available for download on the Vive Developer website at vivedeveloper.com for all registered Viveport developers.

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What is loneliness and how can you manage it?

What is loneliness and how can you manage it? 36

By Iris Schaden Your Business and Personal Coach

A mere century ago, almost no one lived alone. Today, many do and it is not unusual. The recent lockdowns and isolation periods have amplified feelings of loneliness. But why do we feel lonely? Why do our bodies experience social pain? Learn about what we can do to improve our situation, prevent chronic loneliness and minimise the tremendous impact it has on our health.

Solitude and choosing to be alone can be bliss. Over the last sixty years the number of people living alone has increased in developed countries by more than 50 percent. In countries such as Denmark, Sweden and Switzerland, it is very common for people to live alone. But this does not translate into higher levels of selfreported loneliness. Many people have friends or family they can interact with on a regular basis.

However, it is important to recognise that this choice is different to loneliness, which can be a state of profound distress. Loneliness is a purely subjective and individual experience that can be felt by anyone, no matter their social, educational, gender or age demographic. Humankind are social creatures by nature – we struggle without it – and social connections are important to our health and emotional wellbeing.

Loneliness is a problem when we feel that no place is home; when we are in a group and we still feel social separation; when we spend time with our family but we feel like we don’t belong; or when we lose a relationship and struggle to adjust. It is a growing phenomenon in modern times, a by-product of our individualism, long-distance study and career opportunities or time-consuming work commitments.

The pandemic, with its required isolation and social distancing, has added additional stress to many households, but feelings of loneliness or adverse effects of social isolation are particularly prevalent in one-person households and young people aged 12–25. According to a study by VicHealth, even before COVID-19 young adults and adolescents reported high levels of loneliness, social isolation, social anxiety and depressive symptoms. Additionally, it is men who tend to report higher levels of loneliness than women.

Reported loneliness is on the rise. In 2017 and 2018 former US Surgeon General Vivek H. Murthy declared ‘an epidemic of loneliness,’ and the UK appointed a Minister of Loneliness. In these two countries, one in five adults reported that they often or always feel alone; in Australia, it was one in four adults. And this was before COVID-19, which makes us realise the mental and emotional impact lockdown has on individuals.

What happens to our bodies when we experience loneliness?

Neuroscientists, such as John Cacioppo, identify loneliness as ‘a state of hypervigilance whose origins lie among our primate ancestors and in our own hunter-gatherer past’. Our ancestors needed to belong to an intimate social group to survive. Cacioppo explains that our bodies respond to being alone, or being with strangers, as though we were in a dangerous situation.

Separation from other people (the group) triggers a fight-flight-or-freeze response and we feel social pain. While physical pain is primarily a sensory experience, social pain is the emotional state that comes from the distress of being lonely. Like the bodily sensation of hunger, it alerts us to a need, but instead of food the need is social interaction.

Loneliness generates anxiety: our breathing quickens, our heart races, our blood pressure rises and we struggle to sleep or sleep well. If we don’t pay attention, over time we start to act more fearful, defensive and self-involved. All of these actions drive others away and tend to stop those experiencing loneliness from doing what would benefit them the most: reaching out to others. It is a vicious cycle and one that is especially challenging for older and younger individuals.  

Tactics to help cope with feelings of loneliness. 

To belong is to feel at home in a place or situation where you feel included, comfortable and connected with others. In his assessment, Vivek H. Murthy wrote, ‘To be at home is to be known … You can feel at home with friends, or at work, or in a college dining hall, or at church, or in Yankee Stadium, or at your neighbourhood bar. Loneliness is the feeling that no place is home.’ Having relocated to different cities and countries and re-establishing my life over and over again, I can certainly say that loneliness can be a challenge.

Iris Schaden

Iris Schaden

How can we combat the feelings of loneliness and the anxiety that comes with it, before it becomes chronic and we find ourselves even more isolated over time? 

The first step in moving forward is acknowledging how you feel. Give those feelings a name with a specific timeframe; for example, today I feel alone or since I’ve been in lockdown, I have felt alone or since I lost my partner, I feel disconnected and lost. By doing this, we focus on the present and do not label our entire existence as lonely.

My personal strategy is to go outside if the loneliness gets too ‘heavy’; connect with other people through looks and smiles (even under a face mask our eyes can smile); call friends and family regularly; or schedule a brunch or glass of wine with friends (in person or video chat).

Practising random acts of kindness and gratitude, for others and ourselves, is another very effective and very positive way of bringing us back into the present moment and improving our overall wellbeing. Energy flows where our focus goes. It takes effort and sometimes it is indeed easier to just give in and watch a light-hearted movie on the couch. And that’s fine too!

If you are ever experiencing loneliness, I recommend exercising your social muscles and also seeking support. Remember that your feelings are normal as we are biologically fine-tuned to being with and interacting with others. However, you will need to make changes to avoid jeopardising your health. Once loneliness becomes chronic it becomes self-sustained and you will begin exhibiting defensive behaviour. As a defence mechanism, loneliness makes you assume the worst of others and you (your brain) become hypersensitive to social signals that might be interpreted as hostile towards you, when in reality people might just be trying to help you.

Large studies have shown that feeling lonely has a tremendous impact on your health: it can make you age quicker, cause dementia to advance faster, weaken your immune system and lead to anxiety and depression. Many people turn to substance abuse which only serves to numb the symptoms, rather than treat the source. And while you can find so much information online, knowing is not enough. Remember that reaching out for help is not a sign of weakness but one of strength. So please reach out to your network, talk to your health professional or get in contact with me.

There are different ways to improve your overall wellbeing. Let’s discuss.

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Payments in a pandemic: UK consumer trends emerging from COVID-19

Payments in a pandemic: UK consumer trends emerging from COVID-19 37

By Philip McHugh CEO at Paysafe

The outbreak of COVID-19 has been a global catalyst impacting many industries, including payments. It has forced consumers to adjust to different ways of purchasing goods and services; according to our latest Lost in Transaction research, a survey in which 8,000 consumers globally were asked about their payment habits, over half (54%) of UK consumers said they have used a payment method new to them since COVID-19 began.

This change in consumer behavior will serve as a tipping point for the payments industry. Consumers are demanding more choice, and more convenience in how they pay, with 84% of people we surveyed admitting to thinking about payments differently in 2020.

Here are four trends coming out of the COVID-19 pandemic we believe will permanently alter the global payments landscape.

  1. Major shifts to digital

This pandemic has not only been the impetus for change from consumers, but for businesses too. For cash consumers, particularly those who are unbanked, the short and long-term impact of only having to access to products and services digitally is going to be substantial. Providing a smooth transition from retail to online payments will be key. According to our research findings, COVID-19 has led 21% of UK consumers to try online shopping for the first time and 12% using a digital wallet for the first time to make an online payment.

Digital merchants must take this into strong consideration when thinking about the evolution of their checkout. There are many viable options, including incorporating an eCash solution to give the buyer the option to maintain cash as their primary payment method, or introducing a digital wallet that enables people to shop online without sharing their financial data with merchants and potentially compromising their financial security. By 2023, digital wallets are expected to become the most popular online payment method in the UK, accounting for 33% of the market.

Already, nearly half of UK consumers (43%) said they increased their online shopping habits because of restricted access to high street stores and this percentage is expected to grow further. It’s vital that businesses begin to diversify their payment offerings otherwise they’ll fail to meet consumer expectations and risk losing out to their competitors.

  1. The growth of contactless

Despite the World Health Organization not issuing an official warning against using cash, the psychological perception of the safety of handling cash has made an impact.  Nearly two thirds (63%) of UK consumers surveyed said they will be using contactless more in the short term due to health and safety concerns, and 61% saying they are happier using contactless now than they were last year.

At the end of March, cash usage in Britain halved, according to Link , operator of the UK’s biggest network of ATMs. In addition, contactless card limits for in-store spending rose from £30 to £45 to cut the need for physical contact in shops. Increased adoption of mobile wallets like Apple Pay or Google Pay across all generations may be on the horizon, making payments more accessible to society. Restaurants and pubs are also encouraging the trend towards cashless as well, such as prompting people to use an order-ahead app to pay for drive-through orders or removing the need to press a “pay now” button before a contactless payment.

  1. The importance of remittances

With travel restrictions still in place around the world, sending money home quickly, seamlessly, and cost-effectively remains more vital than ever. Half of consumers have given money to family or friends since the crisis began, and nearly a quarter (20%) have done this at least three times. According to our research, 74% of consumers would use a digital payment method to send money abroad, either through a digital wallet, direct bank transfer, or online money transfer services. Effective remittance channels are needed to combat specific issues caused by this crisis, including being financially inclusive for those needing financial support for the first time and who may not have a bank account, or access to digital payment methods because of displacement and isolation.

  1. Embracing the power of technology

Our recent Lost in Transaction research shows that consumers are already adapting to challenges in purchasing, including getting to grips with alternative payment methods, and it is the industry’s job to make those methods even more accessible to society. Both payment providers and online retailers must adapt in line with the demands of consumers, and the requirements of the situation. Ultimately, the accelerated change and improvements made to digital commerce throughout this pandemic will pave the way for the future of both digital and in-store payments.

Once the world resumes ‘business as usual’, the payments industry, guided by changing consumer behavior, will develop further thanks to new technologies such as 5G technology, artificial intelligence and automation – all helping to speed up transactions, improve in-store payments, and enhance user experience. Online and mobile banking will become more ingrained in the mainstream and consumers will come to expect a fully-integrated, unified experience across all channels and touch points. We were already on this path, but the pandemic has served to accelerate consumer appetite for enhanced products and services.

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FinTech Landscape: Synergy and Disruptive Innovation in Investment Banking

FinTech Landscape: Synergy and Disruptive Innovation in Investment Banking 38

By Mr. Kunal Sawhney, CEO at Kalkine

While technological leaps seem to be defining brighter future for some businesses in the post-COVID era, FinTech continues to thrive and transform the landscape of financial services industry. It is about staying ahead of the curve in this race against grabbing a bigger chunk of market amidst shrinking consumer and business confidence – as adoption of advanced technology can be the secret sauce in attracting and retaining customers in the digital era.

Asset management, insurance and lending companies are some of the prominent segments in the broader financial segment that have very swiftly embraced the latest digital technologies. Looking at Investment Banking (IB) space, while COVID-19 pandemic initially brought the sector to its knees, latest trends in financial technology adoption seem to be getting them back on their feet, driven by advanced and streamlined offerings pertaining to M&A advisory, risk management and financial assets management.

In general, we have heard about versions – Fintech Version 1.0 & Fintech Version 2.0, but the modern theory around investment using financial technology does not end here. There is a multitude of factors that can push and prod the IB thematics while channelising the way technology can slither through and give a spin to each and every product and service in Investment Banking space. Tech-based end-to-end models appear to take things one notch up when it comes to dealing with risk profiling, lending, fraud analysis, payments etc. Let’s look at how this is made possible in today’s world:

AI Technology Penetration – The ‘New Normal’: Penetration of Fintech in IB models is charting out new growth prospects for the financial services industry, ensuring cost optimisation of due-diligence, enhancing value for M&A prospects, streamlining legal checks and advancing asset-reporting discrepancies in acquisition deals. Besides, AI-empowered actuarial software is providing a firm nudge to offering top-notch, faster and accurate risk advisory services.

Moreover, seamless utility and penetration of AI and ML in algorithm trading, stock market prediction, fraud detection and prevention, acquisition of new customers, risk profiling and network security deserve much applause. Amidst COVID-induced market volatility, technology-enabled valuation models play an important role in carving out future stock predictions and aiding sound investment decisions.

Big Data Analytics Driving Value-Based Offerings- IB players are increasingly adopting big data models in evolving and providing advanced offerings in terms of building customer-centric asset portfolio valuation models, offering trading and investment support, risk advisory and M&A support. Meanwhile, big data is also leveraged to optimize internal processes such as automated customer support, salary optimization, attrition modelling, fraud analysis, credit/operational risks, etc.

Kunal Sawhney

Kunal Sawhney

Besides, the concept of algorithm trading seems to be gaining wide acceptance across major IB players in ensuring efficient execution of financial trades and robust investment decisions without human intervention.

Empowering revolution in the IB space, adoption of unique predictive models, sophisticated statistical techniques and ensuring privacy and integrating of data is crucial here. Specific set of challenges needs to be carefully catered to, in order to ensure that big data boosts competitiveness and support deeper market penetration.

Robo Advisory – The Next-Gen Frontier: Robo Advisory engages high-tech algorithms and provides secure, faster and self-service functionality via online investment management platforms. As per market experts, asset under management using Robo Advisory is expected to grow multifold in the post COVID era.

With minimal manual efforts, Robo Advisory allows automatic adjustments and rebalancing of the portfolio allocation based on algorithms and pre-defined investment rules. The investments are entirely automated and have self-learning algorithms, while the cost of running a robotic automation tool is far less than doing the same work manually.

Cash Less Transactions – The Immediate Future: With increased comfort and safety associated with online cash-less transactions amidst current health crisis, IBs are able to improve and augment existing products and services, in addition to developing new business models. While social distancing is becoming a new normal in the coronavirus era, financial advisors appear to be harnessing the fruits of tech transformation and heightened cashless transactions.

Undoubtedly, banking giants that are fast in adopting digital technologies have an edge over their peers. However, the biggest challenge for FinTech is data privacy, as transactions that go digital are highly prone to cyberattacks. Nevertheless, digital transition may see emergence of a digital-first model in the near term, ensuring radical shift in the value proposition offered to clients, with an ever-increasing emphasis on digital toolkits and electronic market access. All in all, it’s how firms refine their transformation objectives, evolve from the lessons learned from the pandemic and review their broader strategic agenda.

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