KUALA LUMPUR, Oct 29 -- VaultID Group Ltd has created a financial and digital footprint for the ‘unbanked’ population via its application ‘myVault’, allowing remittance transfers to Timor-Leste.
The application enables the onboarding of potential consumers via a mix of traditional KYC/AML systems, enhanced with biometric image to document scanning and in-government official witness attestation. Approximately one-third of the Timor-Leste population, currently excluded from participation due to lack of identification, can now be onboarded to allow seamless, verification remittance transfers. This will be powered by ‘myVault’ biometric and witness attestation verification products which include facial matching and optical character recognition biometrics. VaultID Group Ltd chief executive officer, Jason Edwards said: “Through ‘myVault’, we have extended traditional KYC to a new eKYC offering which includes Self-Sovereign Identity; the consumer has control, sole ownership and management of their digital identity as well as how their data is stored, shared or used for verification. “With accurate consumer details, official attestation, biometric matching and traditional documentation, myVault is a new paradigm in APAC consumer onboarding for financial service providers.” -- BERNAMA
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KUALA LUMPUR, Oct 23 -- Teledyne Photometrics, a Teledyne Technologies company and global leader in scientific imaging has released its Kinetix sCMOS camera which delivers unmatched combination of speed, sensitivity, field of view and resolution.
“The Kinetix redefines expectations for scientific cameras. While the super-low noise and back-illumination help when there isn’t much light, the unmatched speed of the camera truly opens up possibilities for new discoveries,” said Teledyne Photometrics Senior Product Manager, Rachit Mohindra. The Kinetix is an all-new camera platform that builds on the success of the industry-defining Prime 95B and Prime BSI back-illuminated sCMOS cameras and redefines expectations of sCMOS camera speeds. Designed for the most demanding and highest-speed scientific imaging techniques, the Kinetix ensures that extremely dynamic events are captured by acquiring over 400 frames per second, according to a statement. The near-perfect 95 per cent quantum efficiency coupled with Correlated Multi-Sampling maximises the amount of light captured, even at the dimmest levels, while its 10-megapixel sensor provides high-resolution imaging over a huge imaging area. More information at https://www.photometrics.com. -- BERNAMA KUALA LUMPUR, Oct 23 -- John Donahoe is NIKE Inc’s new president and chief executive officer (CEO), effective Jan 13 next year, according to the board of directors. Concurrently, chairman, president and CEO since 2016, Mark Parker will become executive chairman and continue to lead the board, working closely with Donahoe and senior management team. “I am delighted John will join our team. His expertise in digital commerce, technology, global strategy and leadership, combined with his strong relationship with the brand, make him ideally suited to accelerate our digital transformation and build on the positive impact of our Consumer Direct Offense,” said Parker. Donahoe says it is an honour to become president and CEO of this amazing, innovative company, and join over 76,000 talented and passionate employees dedicated to serving athletes. Donahoe, who is currently the president and CEO of ServiceNow Inc, earned a bachelor’s degree in Economics from Dartmouth College and an MBA from Stanford University. He will remain on the Board of Nike where he has been a member since 2014. More details at https://news.nike.com/ -- BERNAMA
SINGAPORE, Oct 29 (Bernama-BUSINESS WIRE) -- Endowus, the first end-to-end digital advisor for investment with CPF savings, has unveiled its proprietary online investment platform and its first CPFIS investment offerings. The announcement follows the inclusion of Endowus partner broker, UOB Kay Hian, as a CPF Investment Scheme (CPFIS) Investment Administrator, the first to be newly included in the last 14 years. The Endowus platform has the following unique elements: - First fully end-to-end digital CPF investing experience on one platform: Everything can be done online via mobile or desktop – from receiving personalised advice, onboarding, linking of CPF investment account, investing, portfolio monitoring, rebalancing, and more. In partnership with UOB and UOB Kay Hian, the process has been shortened from requiring visits to multiple financial institutions and many days, to an entirely online and seamless customer experience with Endowus in under 10 minutes1. - Holistic “three-in-one” solution spanning both public and private savings: As an integrated wealth solution spanning not just CPF but also Singapore’s Supplementary Retirement Scheme (SRS) and cash, Endowus bridges both public and private savings on a centralised investment and advisory platform. Clients can receive advice and invest holistically and seamlessly on the platform across all three sources of funds, increasing investment efficiency and maximising the probability of success in reaching their investment and retirement goals. - Lower fees and fairer costs: In a major breakaway from industry practice, Endowus will rebate 100% of trailer fees (or commissions) to client CPF Investment Accounts, reducing net fees paid by CPF members to a fraction of current norms. Endowus charges an all-in flat fee of 0.40% p.a for its CPF service (which includes UOB Kay Hian’s transaction and custodian fees), with 0% upfront sales charge and no other hidden fees. With Endowus, the effective all-in costs of a balanced portfolio (including fees charged by the fund manager) have been brought down by over 70% to under 1% per annum, versus over 3.5% typically seen today. - Partnership with global fund managers and access to the only passive unit trust in CPFIS: Endowus’ CPFIS advised portfolios allows geographic, asset class, and manager diversification in efficient, low cost, core portfolios focused on strategic asset allocation. Endowus has partnered with the largest local and major global fund management companies, such as Eastspring, First State, Legg Mason, Lion Global, Natixis, Schroders, Vanguard, and UOB Asset Management. It utilises the best funds available on CPFIS to create suitable portfolios for all CPF members. Endowus will continue to improve its portfolios to enhance the outcome for all CPF members. An example of such efforts include Endowus’ success in bringing the first passive, low-cost S&P 500 US Equity unit trust fund onto the list of CPFIS-included funds with Vanguard & Lion Global. Mr Sun You Ning, Co-CEO of Endowus, said: “At Endowus, we believe in empowering everyone to take control of their financial future. We want to democratise access to the best investment advice and advance our overall experience of investing. We leverage the use of technology to provide more personalised and curated investment solutions. Every Singaporean deserves a financially secure retirement. Endowus is proud to play our part as the first end-to-end fully digital advisor offering CPFIS investment advice, working with our partners UOB Kay Hian.” Mr Samuel Rhee, Chief Investment Officer (CIO) of Endowus (former CEO and CIO of Morgan Stanley Investment Management Asia) said: “For the first time ever, CPF members will be able to gain access to better advice at a much lower cost. Endowus has created globally diversified efficient portfolios suitable for growing your CPF savings over the long-run. We have worked with fund management partners to gain access to better funds at the lowest cost possible for CPF members. Retirement is the biggest generational challenge of our time and we must all do better with what we have. Through Endowus advised portfolios, we firmly believe that all CPF members will enjoy a higher probability of success in achieving their retirement goals.” Mr Wee Ee Chao, Chairman of UOB Kay Hian Private Limited, said: “We are excited to be working with Endowus as a partner because we believe that UOB Kay Hian needs to be at the forefront of financial and technological innovation in order to continue to grow and evolve our business. We are also pleased to be newly included as a CPFIS Investment Administrator, in partnership with Endowus. We believe that together with the Endowus solution we have the potential to make a significant impact on Singaporeans’ lives via the CPF system.” About Endowus Endowus is a Singapore-based investment advisory platform that enables people to efficiently invest their CPF, SRS, and cash savings at the lowest cost achievable. Its focus is on providing globally diversified, institutional-quality, low-cost portfolios for all investor types. Its cutting edge retirement solutions implement the latest academic research, industry best practices, and leverage technology to help secure your financial future. The seamless end-to-end digital service advances the overall experience of investing and provides personalised advice, access, construction, execution, and managing of core investment portfolios. It services the full spectrum of retail investors, high net worth individuals, family offices and institutional investors. It is an independent fee-only advisor paid solely by its client without any conflict of interest. Endowus is licensed by the Monetary Authority of Singapore. Endowus.com 1The seamless Endowus onboarding process takes less than 10 minutes if you already have a CPFIS Investment Account with one of the agent banks by inputting the account number during onboarding. For those who do not yet have an account, you must complete the CPF-required Self Assessment Questionnaire (SAQ), which may take up to 30 minutes, before opening CPFIS Investment Account. View source version on businesswire.com: https://www.businesswire.com/news/home/20191029005432/en/ Contact Media Christine Ng Chief Marketing Officer, Endowus [email protected] Source : Endowus KUALA LUMPUR, Oct 18 -- Taconic Biosciences, a global leader in providing drug discovery animal model solutions has added Dr Frank Sistare to its Scientific Advisory Board (SAB).
Dr Sistare joins existing SAB members Andrew Goodman, PhD; David Hill, PhD; and Robert Rosenthal, PhD, according to a statement. The SAB will continue to collaborate with Taconic’s management in providing scientific insight and guidance on the evolution of its product and service portfolio. Dr Sistare’s extensive career and expertise in the field of toxicology complements the standing board members as it provides expertise in microbiome, oncology and toxicology spaces to drive Taconic’s innovation in these and other research areas. “We welcome Dr Sistare and his deep experience as Taconic continues developing solutions that are more precise and relevant to human clinical outcomes,” shared Taconic Biosciences chief executive officer, Nancy J. Sandy. Dr Sistare has served for the past 16 years as executive director, associate vice-president and scientific associate vice-president within safety assessment and laboratory animal resources at Merck Research Laboratories. He earned his BS in Pharmacy from the University of Rhode Island, PhD in Pharmacology at the University of Virginia, and was awarded a postdoctoral PRAT Fellowship at the National Institutes of Health. -- BERNAMA |
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