RESTON, Va., May 28 (Bernama-BUSINESS WIRE) -- Singapore Exchange (SGX) and Transaction Network Services (TNS) are working together to expand the range of hosting, colocation and connectivity options available to traders wishing to access SGX’s derivatives and securities markets.
TNS can now offer its full suite of services, including TNS Layer 1 raw market data and order routing, from a new Managed Hosting presence within the Tier 1 area of SGX’s data center.
“As a leading and trusted market infrastructure that connects the world to Asia, SGX’s Co-Location service allows traders access to mission-critical trading and market data engines in a secure, reliable and robust environment, that has been designed to meet the rigorous demands of global financial institutions investing and managing risk in this region,” said Ng Kin Yee, Managing Director, Head of Data, Connectivity and Indices at SGX. “We are delighted to be working with TNS to fulfil our mutual clients’ need for enhanced connectivity and the fastest access to SGX.”
Housed in one of Singapore’s most advanced data centers, SGX’s Co-Location service provides multiple tiers of hosting services to cater to diverse requirements. It offers superior levels of bandwidth and capacity for seamless transfer of data and boasts a round trip network latency of less than 100 microseconds.
Sunday, May 30, 2021
SGX AND TNS TO ENHANCE COLOCATION OPTIONS AND MARKET ACCESS FOR TRADERS
Saturday, May 29, 2021
FORTER DOUBLES REVENUE IN LAST 12 MONTHS; RAISES $300M FOR A $3B VALUATION
Driven by the Recent Imperatives of Rapid Digital Transformation, The Largest Retailers Around the Globe Are Now Relying on Forter’s Real-Time Frictionless Fraud & Abuse Prevention Platform to Fuel Growth
NEW YORK, May 28 (Bernama-BUSINESS WIRE) -- Forter, the leader in e-commerce fraud prevention, today announced it has raised $300 million in Series F funding led by Tiger Global Management, with participation from Third Point Ventures and Adage Capital Management. Existing investors also participated including Bessemer Venture Partners, Sequoia Capital, March Capital, NewView Capital, Salesforce Ventures and Scale Venture Partners.
The announcement comes six months after the company completed its $125 million Series E round, almost tripling the valuation to $3 billion, and making Forter the most valuable privately held company ever in the fraud prevention industry. Forter will use the additional funding to continue expanding its global ecosystem of trust, enabling retailers, e-commerce platforms, issuing banks and payment providers to fight fraud together, boosting confidence and improving shopper experience across the entire purchasing journey. Over the last 12 months, Forter has:
NEW YORK, May 28 (Bernama-BUSINESS WIRE) -- Forter, the leader in e-commerce fraud prevention, today announced it has raised $300 million in Series F funding led by Tiger Global Management, with participation from Third Point Ventures and Adage Capital Management. Existing investors also participated including Bessemer Venture Partners, Sequoia Capital, March Capital, NewView Capital, Salesforce Ventures and Scale Venture Partners.
The announcement comes six months after the company completed its $125 million Series E round, almost tripling the valuation to $3 billion, and making Forter the most valuable privately held company ever in the fraud prevention industry. Forter will use the additional funding to continue expanding its global ecosystem of trust, enabling retailers, e-commerce platforms, issuing banks and payment providers to fight fraud together, boosting confidence and improving shopper experience across the entire purchasing journey. Over the last 12 months, Forter has:
- Doubled the size of its global network of merchants to exceed $250 billion in annual online transactions while protecting more than a billion shoppers globally;
- Grown revenue by more than 100%;
- Added leading global brands as customers including Farfetch, ASOS, SHEIN and Prime Trust.
- As part of the company's continued expansion, Forter has more than tripled the number of employees within the APAC region and will keep growing its team in Singapore.
“We have set a new standard for trust in commerce. Forter’s platform brings together merchants, banks and payment providers to dramatically improve authorization rates, eliminate false declines and allow consumers to shop with greater convenience and enjoy a more personalized, secure experience,” said Michael Reitblat, CEO and co-founder, Forter. “This transforms fraud prevention into a growth and revenue enablement engine for the entire consortium of participating merchants, ensuring our customers can attract, convert and retain the best shoppers. The funding will enable us to accelerate our growth trajectory by investing in talent, technology and continued global expansion.”
“Forter allows us to focus on serving our customers and take advantage of the encouraging travel recovery in the United States,” said Matthew Tynan, CFO, Priceline. “The company’s automated, real-time solution has significantly increased approval rates while substantially reducing chargebacks, allowing us to attract and retain the best customers across all retail channels, without the fear of fraud.”
While Forter has benefited tremendously from the industry trend towards digital transformation that resulted from pandemic effects, Forter’s unprecedented growth has also been driven by product innovation and new partnerships with leaders across banking, payments and e-commerce. Earlier this year, Forter partnered with Capital One to launch Trusted Authorization, one of the first solutions enabling merchants to increase authorization rates and decrease false declines by sharing Forter’s fraud insights with issuing banks to make more informed decisions. Forter also launched its Fraud Prevention Platform for Payment Service Providers (PSPs), announcing deals with FreedomPay, Nuvei, and most recently Flutterwave to increase approval rates and offer the best fraud prevention to more than a million merchants globally.
“With the unprecedented rate of digital transformation and the fierce competition in creating the slickest user experience, superior fraud prevention plays an ever more critical role in e-commerce revenue growth,” said John Curtius, Partner at Tiger Global Management. “After we talked with dozens of customers of every relevant solution in this space, it was very clear to us that Forter is the leader in performance and scale.”
Additional Supporting Quotes
“As a longtime investor, it’s been incredible to see Forter’s ascent,” said Ravi Viswanathan, NewView Capital. “It’s a testament to the leadership team’s vision and execution in allowing merchants to provide the seamless experiences customers expect and to be able to accept as many transactions as possible, while still accurately identifying and blocking fraud.”
About Forter
Forter is the leader in e-commerce fraud prevention, processing over $250 billion in online commerce transactions and protecting more than a billion consumers globally from credit card fraud, account takeover, identity theft and more. The company’s identity-based fraud prevention solution detects fraudulent activity in real-time, throughout all online consumer experiences.
Forter’s integrated fraud prevention platform is powered by its rapidly growing global network, underpinned by predictive fraud research and modelling, and the ability for customers to tailor the platform for their specific needs. As a result, Forter is trusted as the sole or primary risk mitigation engine by Fortune 500 companies including Farfetch, Sephora, Nordstrom, Instacart, Adobe and Priceline to deliver exceptional accuracy, a smoother user experience and elevated sales at a much lower cost.
Forter has raised more than $500M of capital from top-tier VCs including Sequoia, Bessemer Venture Partners, NewView Capital, Tiger Global Management, Scale Venture Partners, March Capital and Salesforce Ventures.
“Forter allows us to focus on serving our customers and take advantage of the encouraging travel recovery in the United States,” said Matthew Tynan, CFO, Priceline. “The company’s automated, real-time solution has significantly increased approval rates while substantially reducing chargebacks, allowing us to attract and retain the best customers across all retail channels, without the fear of fraud.”
While Forter has benefited tremendously from the industry trend towards digital transformation that resulted from pandemic effects, Forter’s unprecedented growth has also been driven by product innovation and new partnerships with leaders across banking, payments and e-commerce. Earlier this year, Forter partnered with Capital One to launch Trusted Authorization, one of the first solutions enabling merchants to increase authorization rates and decrease false declines by sharing Forter’s fraud insights with issuing banks to make more informed decisions. Forter also launched its Fraud Prevention Platform for Payment Service Providers (PSPs), announcing deals with FreedomPay, Nuvei, and most recently Flutterwave to increase approval rates and offer the best fraud prevention to more than a million merchants globally.
“With the unprecedented rate of digital transformation and the fierce competition in creating the slickest user experience, superior fraud prevention plays an ever more critical role in e-commerce revenue growth,” said John Curtius, Partner at Tiger Global Management. “After we talked with dozens of customers of every relevant solution in this space, it was very clear to us that Forter is the leader in performance and scale.”
Additional Supporting Quotes
“As a longtime investor, it’s been incredible to see Forter’s ascent,” said Ravi Viswanathan, NewView Capital. “It’s a testament to the leadership team’s vision and execution in allowing merchants to provide the seamless experiences customers expect and to be able to accept as many transactions as possible, while still accurately identifying and blocking fraud.”
About Forter
Forter is the leader in e-commerce fraud prevention, processing over $250 billion in online commerce transactions and protecting more than a billion consumers globally from credit card fraud, account takeover, identity theft and more. The company’s identity-based fraud prevention solution detects fraudulent activity in real-time, throughout all online consumer experiences.
Forter’s integrated fraud prevention platform is powered by its rapidly growing global network, underpinned by predictive fraud research and modelling, and the ability for customers to tailor the platform for their specific needs. As a result, Forter is trusted as the sole or primary risk mitigation engine by Fortune 500 companies including Farfetch, Sephora, Nordstrom, Instacart, Adobe and Priceline to deliver exceptional accuracy, a smoother user experience and elevated sales at a much lower cost.
Forter has raised more than $500M of capital from top-tier VCs including Sequoia, Bessemer Venture Partners, NewView Capital, Tiger Global Management, Scale Venture Partners, March Capital and Salesforce Ventures.
http://mrem.bernama.com/viewsm.php?idm=40140
Leading brands strongly adopt DataStax open, multi-cloud data stack
KUALA LUMPUR, May 28 -- DataStax is seeing strong adoption of its open, multi-cloud data stack among leading brands as enterprises increasingly embrace DataStax’s offerings to build and run modern data apps.
On the heels of new funding from Goldman Sachs, the company announced that in recent months, it signed new or expanded contracts with leading enterprises across industries and across the globe, including CGi Global Technologies, Energisme and ESL Gaming.
DataStax chairman and chief executive officer, Chet Kapoor said: “Enterprises are drowning in data volume, complexity and escalating costs. We help them deliver an open data stack that is built for today’s modern apps that require massive scale, zero downtime, and sustainable TCO.”
The company’s recent highlights include launching Astra serverless, the industry’s first and only open, serverless, multi-cloud database-as-a-service and securing a new investment from Goldman Sachs.
Based on a statement, Astra builds on Apache Cassandra and introduces a modern, microservices-based architecture for ‘pay-as-you-go’ data consumption.
DataStax also joined forces with IBM to provide customers with a hybrid cloud solution that can be deployed on private or multiple public clouds for applications requiring open source Apache Cassandra-based technology.
“We’re excited with the ease of migration and the fact we won’t have to incur any downtime. Thanks to DataStax’s expertise in Cassandra, we will be able to easily migrate to Astra without inconveniencing our team or our customers,” said ESL Gaming vice president, technology, Ben Burns.
-- BERNAMA
Friday, May 28, 2021
WHR GROUP RELEASES EMPLOYEE RELOCATION BENCHMARK RESULTS
MILWAUKEE, Wis., May 27 (Bernama-GLOBE NEWSWIRE) -- WHR Group, Inc. (WHR), a leader in the global employee relocation industry, conducted a Global Mobility Benchmark study surveying some of the largest U.S. companies from a variety of industries. Findings shed light on how companies have changed their employee relocation policies, even during 2020 and a pandemic. Respondents included corporate staff working in HR, mobility management; talent management; and benefits and compensation departments. Some findings include the following:
- Relocation benefits are still going strong even with the COVID-19 pandemic.
- 85% of companies offer some type of home sale benefit to transferees.
- 67% of respondents have experienced a talent shortage but include their mobility program in candidate recruitment strategies.
- Lump sum benefits are trending but often used as a complement to basic relocation benefits versus a standalone benefit package.
Over 57% surveyed have an international relocation program, and 88% have expatriate or international permanent transfer policies. Over 50% found immigration laws to be the most challenging part of international relocations with Africa and Asia reported as the most challenging. For Africa, immigration laws and political climate were reported as creating the greatest challenges. For Asia, immigration laws and language barrier created the greatest challenges. Temporary housing; destination services and settling in; household goods; Visa and immigration assistance; and tax assistance are considered core benefits for international transfers and assignments.
Of the 68.5% offering destination closing costs, 76.5% don’t cap this benefit, even though capping the support is a way to control organizational costs. Most companies reported creating benefit packages based on the average transferee, not always considering individual cultures and family dynamics. This can lead to policy exception requests by employees.
Download WHR’s Complete Benchmark Report.
About WHR Group, Inc.
WHR is a privately owned, client-driven global employee relocation management company distinguished by best-in-class service delivery and cutting-edge, proprietary technology. WHR has offices in Milwaukee, Wis., Switzerland, and Singapore. With its 100% client retention rate for the past decade, WHR continues to position itself as the trusted provider in global employee relocation. http://www.whrg.com, LinkedIn, Twitter and Facebook.
Of the 68.5% offering destination closing costs, 76.5% don’t cap this benefit, even though capping the support is a way to control organizational costs. Most companies reported creating benefit packages based on the average transferee, not always considering individual cultures and family dynamics. This can lead to policy exception requests by employees.
Download WHR’s Complete Benchmark Report.
About WHR Group, Inc.
WHR is a privately owned, client-driven global employee relocation management company distinguished by best-in-class service delivery and cutting-edge, proprietary technology. WHR has offices in Milwaukee, Wis., Switzerland, and Singapore. With its 100% client retention rate for the past decade, WHR continues to position itself as the trusted provider in global employee relocation. http://www.whrg.com, LinkedIn, Twitter and Facebook.
http://mrem.bernama.com/viewsm.php?idm=40122
NIPPON EXPRESS GLOBAL WEBSITE AVAILABLE IN 14 LANGUAGES NEXT MONTH
KUALA LUMPUR, May 27 (Bernama) -- Nippon Express Co Ltd has been multilingualising its global website, accommodating 14 languages by next month.
As of March, the website is capable of accommodating 12 languages - English, Chinese (simplified), Arabic, Italian, Indonesian, Dutch, Spanish, Thai, Vietnamese, Bengali, Portuguese and Malay.
According to a statement, by next month, German and French language will be added.
Nippon Express is striving to achieve the long-term vision of becoming a logistics company with a strong presence in the global market stipulated in the ‘Nippon Express Group Business Plan 2023 -- Dynamic Growth’.
Its global website has heretofore only been available in English, but multilingualisation efforts are underway to make the website more convenient for non-English-speaking users and to allow for better communication with a broader range of global customers.
The company will continue enhancing its website and other owned media to make them more convenient for users even as it works to further expand its services.
More details at https://www.nipponexpress.com
-- BERNAMA
Blue California Taxifolin BC-DHQ® receives Generally Recognized As Safe status for F&B
KUALA LUMPUR, May 27 -- Blue California’s Taxifolin BC-DHQ® with super antioxidant and anti-inflammatory properties is now Generally Recognized As Safe (GRAS) in a range of foods and beverages.
This follows a letter of no-objection from the US Food and Drug Administration.
Naturally found in a variety of fruits and vegetables, Dihydroquercetin (DHQ), also known as taxifolin, is a flavonoid commonly found in apples, olive oil and red onions.
As a flavonoid, taxifolin possesses powerful antioxidant and anti-inflammatory properties that may support immune health.
DHQ seeks and neutralises free radicals in the body, and its unique molecular structure makes it especially effective at preventing cellular damage.
It can also play an important role in skin health since it protects cells and stimulates collagen and elastin production in the skin.
“This GRAS status is good news for consumers and brands alike, because it opens new doors for brands to create products that will excite health-conscious consumers,” said Blue California research, science and innovation officer, Dr Linda May-Zhang in a statement.
“Taxifolin BC-DHQ has much to offer as a powerful antioxidant in food and beverages as it provides improved colour stability for beverages, extends shelf life, and enhances flavour.
“Not only is DHQ regarded as a promising ingredient to immune health, it may also be used in cosmetic applications for anti-aging and UV-protection.”
Blue California offers food and beverage manufacturers its high purity Taxifolin BC-DHQ made by a sustainable process.
Innovation partner Conagen developed a clean, reliable, and scalable DHQ using its proprietary bioconversion process, resulting in a sustainable production method.
-- BERNAMA
Saturday, May 22, 2021
DATASTAX COLLABORATES WITH NETAPP TO DELIVER FULL LIFECYCLE MANAGEMENT FOR CLOUD NATIVE DATA
DataStax Enterprise and Apache Cassandra™ With NetApp Astra can Help Companies Automate Storage Provisioning, Management and Portability for Containerized Applications at Scale
SANTA CLARA, Calif., May 21 (Bernama-BUSINESS WIRE) -- DataStax today announced a collaboration with NetApp to deliver full lifecycle management for cloud native data in its DataStax Enterprise database as well as open source Apache Cassandra clusters. As part of this partnership, the two companies have worked together to integrate the NetApp Astra data management service for Kubernetes workloads with DataStax Enterprise and Cassandra to provide a single pane of glass management for Cassandra data in modern containerized environments.
With companies adopting more cloud native applications, managing data and storage at scale becomes more important. DataStax Enterprise is a massively scalable, highly available, cloud-native database built on Apache Cassandra - an open source, scale-out database that runs across multiple cloud instances and locations. NetApp Astra is a fully managed service for enterprises to manage, protect, and move their data-rich containerized workloads running on Kubernetes. With the tested and certified DataStax and NetApp solution, enterprises can automate the implementation of Cassandra clusters as well as simplify operations and lifecycle management processes around applications, data and container images on Kubernetes.
“Working with DataStax, we have made it easier for enterprises to adopt and manage high scale, cloud native data,” commented Eric Han, vice president, product management for public cloud at NetApp. “With more enterprises looking to adopt Kubernetes and Cassandra, NetApp simplifies automating those processes to manage data over time, providing business continuity, security and data management services that unlock the best of cloud.”
“When companies want to adopt Kubernetes and create modern data applications, developers and IT operations teams have to think about how they will manage the data that their applications will create. DataStax Enterprise delivers the Cassandra-based scale-out database that can fulfill those requirements around data on Kubernetes,” said Ed Anuff, chief product officer at DataStax. “Our partnership with NetApp makes it easier to manage storage resources and speed up deployments.”
The DataStax and NetApp integration provides the following benefits:
SANTA CLARA, Calif., May 21 (Bernama-BUSINESS WIRE) -- DataStax today announced a collaboration with NetApp to deliver full lifecycle management for cloud native data in its DataStax Enterprise database as well as open source Apache Cassandra clusters. As part of this partnership, the two companies have worked together to integrate the NetApp Astra data management service for Kubernetes workloads with DataStax Enterprise and Cassandra to provide a single pane of glass management for Cassandra data in modern containerized environments.
With companies adopting more cloud native applications, managing data and storage at scale becomes more important. DataStax Enterprise is a massively scalable, highly available, cloud-native database built on Apache Cassandra - an open source, scale-out database that runs across multiple cloud instances and locations. NetApp Astra is a fully managed service for enterprises to manage, protect, and move their data-rich containerized workloads running on Kubernetes. With the tested and certified DataStax and NetApp solution, enterprises can automate the implementation of Cassandra clusters as well as simplify operations and lifecycle management processes around applications, data and container images on Kubernetes.
“Working with DataStax, we have made it easier for enterprises to adopt and manage high scale, cloud native data,” commented Eric Han, vice president, product management for public cloud at NetApp. “With more enterprises looking to adopt Kubernetes and Cassandra, NetApp simplifies automating those processes to manage data over time, providing business continuity, security and data management services that unlock the best of cloud.”
“When companies want to adopt Kubernetes and create modern data applications, developers and IT operations teams have to think about how they will manage the data that their applications will create. DataStax Enterprise delivers the Cassandra-based scale-out database that can fulfill those requirements around data on Kubernetes,” said Ed Anuff, chief product officer at DataStax. “Our partnership with NetApp makes it easier to manage storage resources and speed up deployments.”
The DataStax and NetApp integration provides the following benefits:
- Faster time to value when delivering business applications through automatic storage provisioning and storage class setup processes
- Improved application unit and system testing efficiency with cloning and migration of application clusters
- Rich data management services, including data protection, business continuity and disaster recovery, active cloning, activity log, and more. This supports rapid recovery from a disaster, or point-in-time copy recovery of DataStax Enterprise or Apache Cassandra clusters to avoid bad transactions
- Seamless portability and migration for Cassandra clusters, supporting enterprise companies with moving Kubernetes workloads and data between cloud locations
- Consistent data management user interface with clear visualization of data protection status.
The DataStax and NetApp solution is available immediately.
Click-to-Tweet: @DataStax partners w/ NetApp to deliver full lifecycle management for cloud native data in DataStax Enterprise & open source @Cassandra clusters, providing a single pane of glass management for Cassandra data in modern containerized environments. https://dtsx.io/3fxCSpu
Resources:
Click-to-Tweet: @DataStax partners w/ NetApp to deliver full lifecycle management for cloud native data in DataStax Enterprise & open source @Cassandra clusters, providing a single pane of glass management for Cassandra data in modern containerized environments. https://dtsx.io/3fxCSpu
Resources:
- Solution Brief: Application-aware data management for DataStax Enterprise with NetApp Astra
- DataStax Enterprise: Scale-out, cloud-native NoSQL database built on Apache Cassandra and proven by the Fortune 100
About DataStax
DataStax is the open, multi-cloud stack for modern data apps. DataStax gives enterprises the freedom of choice, simplicity, and true cloud economics to deploy massive data, delivered via APIs, powering rich interactions on multi-cloud, open source and Kubernetes.
DataStax is built on proven Apache Cassandra™, Apache Pulsar™ streaming, and the Stargate open source API platform. DataStax Astra is the new stack for modern data apps as-a-service, built on the scale-out, cloud-native, open source K8ssandra.
DataStax powers modern data apps for 500 of the world’s most demanding enterprises including The Home Depot, T-Mobile, Intuit and half of the Fortune 100.
© 2021 DataStax, All Rights Reserved. DataStax is a registered trademarks of DataStax, Inc. and its subsidiaries in the United States and/or other countries.
Apache, Apache Cassandra, Cassandra, Apache Pulsar, Pulsar and Apache Kafka are either registered trademarks or trademarks of the Apache Software Foundation or its subsidiaries in Canada, the United States, and/or other countries.
http://mrem.bernama.com/viewsm.php?idm=40089
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