Press clippings from the Asia region w/e 20 October 2019

Image by pabradyphoto

CIMB blockchain and IoT platform

CIMB Bank Berhad Singapore Branch (“CIMB”) and iTrust have successfully completed their first structured trade financing transaction on iTrust’s Blockchain and Internet of Things (IoT) platform.

The transaction involves the financing of dairy products imported into China and is expected to generate transaction flows of up to US$100 million a year. iTrust provides secured real-time visibility of the cargo in transit and in the warehouse using blockchain-based IoT. All data and documents from the transaction are blockchained in a distributed ledger for provenance and immutability. The technology provides all stakeholders with a secured operational dimension of the transaction, which was absent in the past.

ZTE wins 5G Excellence Award at the SDN/NFV World Congress

ZTE Corporation has announced that it has won 5G Excellence Award at the SDN/NFV World Congress held in The Hague, Netherlands, by virtue of its Common Edge Solution. It is the only 5G best product and solution award rewarded at the congress.

SAP launches data centre in Singapore

SAP SE announced today the launch of its Singapore Data Centre for SAP Commerce Cloud for businesses across the Asia Pacific (APAC) region enabling them to adopt digital commerce strategies to deliver superior customer experiences.

Cobots deployed in Vietnam

Universal Robots (UR), the most trusted and widely-deployed collaborative robot (cobot) manufacturer globally, has helped Vietnam-based Vinacomin Motor Industry Joint Stock Company (VMIC) – a subsidiary of the Vinacomin Group, a state-owned coal and mining giant – future-proof its production processes with cobots. VMIC, one of the first state-owned manufacturers to deploy cobots, has seen productivity increase two to three times, with improved product quality, leading to a 50 to 60% rise in orders.

Record number of enterprises are becoming ‘Intelligent’

Zebra Technologies has announced the results of its third annual “Intelligent Enterprise Index”, which indicates a record 61% of enterprises worldwide are on the path to becoming “intelligent”, compared to only 49% in 2018.

This survey analyzes the extent companies connect the physical and digital worlds to drive innovation through real-time guidance, data-powered environments and collaborative mobile workflows. Their “Intelligent Enterprise” Index scores are calculated using 11 criteria that include IoT vision, adoption, data management, intelligent analysis and more. 

ASEAN Financial Innovation Network (AFIN) welcomes Mastercard

ASEAN Financial Innovation Network (AFIN) has welcomed Mastercard as a corporate founding member to promote the broader adoption of financial technology innovations within Asia.

AFIN was established in 2018 by the IFC, a member of the World Bank Group, the ASEAN Bankers Association (ABA) and the Monetary Authority of Singapore (MAS). AMTD Foundation is AFIN’s first corporate founding member.

Nationwide MNP to go live in China

After more than a decade under consideration, mobile number portability (MNP) will be made available across China from 30 November, state broadcaster CCTV has revealed. As per the report, pilot projects took place in the provinces of Tianjin, Hainan, Jiangxi, Hubei and Yunnan in September, and MNP is now live in each location. The remainder of the country’s provinces – including autonomous regions under government control – will introduce portability on a rolling basis between 10 November and 25 November, and the government hopes to confirm nationwide availability by the end of that month.

Five countries in South Asia and SEA with the best prospects for online micro consumer lending

According to the analysts of the financial holding Robocash Group who made a corporate ranking of countries in South and Southeast Asia, Laos, India, the Philippines, Myanmar and Vietnam have the highest prospects for the development of online micro consumer lending.

Openet and Evergent partner to monetise and transform Next-Generation Digital Services

Openet has announced that it has been selected to provide its real-time charging and policy systems to Evergent. As a leading supplier of revenue and customer lifecycle management solutions to Digital Service Providers, Evergent is extending its revenue management platform to include real-time monetisation, control and management with Openet’s solutions.

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