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24-02-2017
Asian retailers, manufacturers eye disruptive tech

Nearly 80% of business and IT decision makers at large corporations based in China, Hong Kong and Singapore are generally positive about the business outlook in the next 12 months, in spite of the challenges including talent shortages, rising wages, price pressure, increasing costs and competition they face. According to NTT Communications, these decision makers believe new technologies hold the key to transforming their growth model despite an uncertain economic climate. To overcome business challenges, 94% of organizations surveyed said plans were already in place to deploy two or more disruptive technologies to accelerate digital transformation and boost competitiveness. IoT (60%) and big data analytics (58%) are the most widely adopted technologies among those surveyed. Although organizations have been slower to adopt AI, smart robotics and 3D printing, over 60% of responding companies indicated they planned to deploy one or more of these technologies in the next 12 months. “The success of retail, manufacturing and wholesale industries relies heavily on an efficient supply chain ecosystem where companies’ ability to trace and visualize the bilateral flow of goods, information and cash throughout the value chain at a given moment has become ever more critical,” said Raymond Ng, VP for vertical solutions at NTT Com Asia.  “Asian companies have extensively applied IoT and big data to capture real-time business intelligence from all the touchpoints, and overcome business blind spots in the ecosystem,” said Ng. “Though combining IoT and big data is far from new, it is the recent extensive application of these disruptive technologies that is proving to be a game changer for the supply chain.”

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24-02-2017
Fantasia Investment unveils smart condominium in Singapore

Fantasia Investment Singapore  launched LifeUp at 6 Derbyshire, making it Singapore and Southeast Asia’s first ever smart condominium. LifeUp is a comprehensive application that integrates smart home living, smart communities and smart payments. It uses enhanced technology that boasts a complete suite of features unlike any other platforms. Its smart home living features include facial recognition, car plate recognition and smart biometric door lock. Residents can also book facilities, interact with facility managers and report maintenance issues seamlessly – all through a simple tap on the phone. LifeUp has been in the making  for two years, and is the result of a strategic partnership between Fantasia Investment and Smart Gateway. Fantasia Investment is a subsidiary of Hong Kong-listed Fantasia Holdings Group, a leading financial holding  group in China with nearly 20 years of experience in property development and services.  6 Derbyshire is its first project in Singapore and Southeast Asia, and more than half of the development has already been sold. “A recent IDC study predicts that by 2019, we will see US$1.3-trillion worth of investment  being poured into Internet of Things (IoT) technology globally which will empower the digital transformation of our lives,” said Andrew Tan, director of business development and sales at Smart Gateway. “While IoT technology and smart home living are not new in Singapore, what differentiates the LifeUp application is that we are the first to offer a wide-ranging solution that integrates smart homes, smart communities and a smart payment system,” said Tan. “The app is aimed at making lives more convenient, which is why 100% of its features are dedicated to serving residents’ basic needs.” Tan added that with nine features available on the LifeUp app, users can do more than just turn down their homes, locate their cars, book facilities,  and register guests using the car plate recognition feature. “What’s also new is our very unique SG Wallet feature, which is a mobile payment solution for users to top up their virtual wallet from major banks to pay their maintenance fees and  other facilities,” said Tan. “Best of all, it is free of charge for residents and has the capacity to serve the entire residential market.”

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24-02-2017
China Telecom Global picks hub for Pan-African expansion

China Telecom Global (CTG) has selected the Djibouti Data Center (DDC) to help facilitate network expansion, co-location and submarine fiber cable access services in East Africa.  The Djibouti Data Center has been built to Tier III data center standards and serves as a major meeting point for submarine fiber cable systems including the new Southeast Asia-Middle East–Western Europe (SEA-ME-WE 5) submarine cable designed to connect Asia, the Middle East, Africa and Western Europe. China Telecom Global is a founding member of the consortium for SEA-ME-WE 5, which is expected to be ready for service by late 2016. “Cooperation with DDC is a significant component of our overall commitment to contributing to the digital evolution and economic development of Africa,” said Liu Changhai, managing director of China Telecom (Africa and Middle East) Limited, a subsidiary of CTG. “The addition of SEA-ME-WE 5 to CTG’s existing fiber cable assets in the region is a significant milestone that marks a new page for the company’s regional strategic planning in accordance to the Belt and Road Initiative,” said Liu. “With our abundant and further expanded network resources, we can better serve our MNC clients and Carrier partners in Djibouti, Ethiopia and other countries in East Africa.” SEA-ME-WE 5 will span approximately 20,000kms and employ 100Gbps technology, with initial system capacity of 24 terabits to provide customers with low-latency and direct connectivity. It will further enhance the diversity and agility in the growing demand for Asia, Africa, Middle East and Western Europe routes around the world. The system is designed as a multi-regional super highway, and will connect Djibouti with China, via 18 landing points located in Singapore, Pakistan, UAE, Oman, Egypt, Italy, France and others.

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24-02-2017
Ransomware doubled in H2 2016

Ransomware attacks doubled during the second semester of 2016, increasing from 5.5% to 10.5% of all recognized malware incidents, according to Check Point. Check Point’s H2 2016 Global Threat Intelligence Trends Report shows the following key trends during the period. First, there is a monopoly in the ransomware market. Researchers witnessed a change in the ransomware landscape as it became more and more centralized, with a few significant malware families dominating the market and hitting organizations of all sizes. Second, DDoS attacks done via IoT devices that are in use in almost every home. In August 2016, the infamous Mirai Botnet was discovered, turning devices like video recorders (DVR) and surveillance cameras (CCTV into bots to launch multiple high-volume DDoS attacks. Third, new file extensions were used in spam campaigns, with the most prevalent infection vector used in malicious spam campaigns throughout the second half 2016 being downloaders based on Windows Script engine (WScript). Downloaders written in Javascript (JS) and VBScript (VBS) dominated the mal-spam distribution field, together with similar yet less familiar formats such as JSE, WSF, and VBE. In the second half of 2016, the top malware was Conficker (14.5% of all incidents). It is worm that allows remote operations and malware download. Second was Sality (6.1%), a cirus that allows remote operations and downloads of additional malware to infected systems by its operator. Its main goal is to persist in a system and provide means for remote control and installing further malware. Third was Cutwail (4.6%), a botnet mostly involved in sending spam e-mails, as well as some DDOS attacks. Once installed, the bots connect directly to the command and control server, and receive instructions about the emails they should send. Fourth was JBossjmx (4.5%), a worm that targets systems having a vulnerable version of JBoss Application Server installed. The malware creates a malicious JSP page on vulnerable systems that executes arbitrary commands. Fifth was Locky (4.3%), a ransomware which started its distribution in February 2016, and spreads mainly via spam emails containing a downloader disguised as a Word or Zip file attachment, which then downloads and installs the malware that encrypts the user files.

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24-02-2017
Frost & Sullivan sees increased healthcare spending across APAC

The healthcare industry in the Asia-Pacific region will see increased spending on healthcare, albeit at varying levels, according to research analyst firm Frost & Sullivan. The healthcare market in the region (consisting of pharmaceuticals, medical devices and healthcare technology) is expected to grow to $510.7 billion in 2017, up from $472.5 billion in 2016, and is estimated to corner close to 30 percent of global revenues.It remains one of the fastest growing regions globally with a growth rate of 8 percent this year, even as the global growth rate is only pegged at 4.8 percent. Driving this growth is the ageing population across the world and rising incidence of chronic diseases which continue burden the healthcare system. In Asia, Japan, Korea, Australia and Singapore are the fastest ageing nations. In Singapore alone, one in five residents in Singapore will be over 65 years of age by 2030 and close to two-thirds of the elderly will have at least one chronic disease. “With overcrowding and increasing treatment cost in hospitals, chronic disease care will move toward community and home, leading to opportunities for tele-health, remote patient monitoring and mhealth,” noted Rhenu Bhuller, Partner, Frost & Sullivan. “Additionally, site of care will transition from tertiary and secondary care towards home healthcare where possible through the implementation of remote care delivery models in countries like Australia and Singapore.”As governments seek to introduce more measures to control spending while meeting the demand for specialty and high-value pharmaceuticals, Frost & Sullivan expects the pricing environment in the Asia-Pacific to become more dynamic, which it said could drive the generics and biosimilar market as payers implement measures to drive substitution of more expensive products. Meanwhile, the rollout of universal healthcare in Southeast Asia is under considerable strain. Thus, the research firm expects more aggressive health-financing reforms across all major countries to balance public, private and out-of-pocket payments.The trend of private-public partnerships or use of public health insurance in private hospitals to share patient load and maximize the use of available resources in Southeast Asia (SEA) will also likely increase. Frost & Sullivan noted that innovation also is on the rise in Asia with a number of biotech start-ups and research institutions in China moving the application of CRISPR/Cas9 genome editing technique into human safety clinical trials for treating various cancers. “Areas of increasing investment and collaboration will be in immune-oncology and regenerative therapy where countries like Japan are taking the lead in nurturing innovative R&D models around regenerative medicine,” it said. “As the Healthcare industry transitions toward a digitally led care delivery model, the industry will need next-gen workforce with new skill-sets such as big data and predictive analytics, AI and robotics professionals.” 

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24-02-2017
70 medtech firms sign PSMF’s Open Data Pledge

Seventy healthcare technology companies have signed the Patient Safety Movement Foundation’s (PSMF) Open Data Pledge to improve patient safety.The organization, which works with all stakeholders in the industry to address the problems around patient safety, said these companies would allow access to the data generated by their medical devices for researchers and entrepreneurs that seek to improve patient monitoring and care.By sharing data from their products, in accordance with applicable patient privacy laws, these companies help further the development of predictive algorithms that can notify clinicians and patients of dangerous trends and thus enable earlier interventions.“Predictive algorithms will be key in rapidly eliminating preventable patient deaths,” said Joe Kiani, PSMF Founder. “These companies understand the urgency in what needs to be achieved and are leading the way in creating the patient data superhighway that will help us reach zero patient deaths by the year 2020.”PSMF encourages healthcare technology companies to share the data that their products are purchased for. They do so without disclosing any proprietary algorithms or protected data, subject to applicable patient privacy laws.Recently, 25 hospitals in Mexico also signed the commitment to implement processes to eliminate preventable patient deaths. Mexico’s Academy of Surgery, the Federation of Anesthesiologists and College of Health Quality Professionals of the West, Guadalajara, and Jalisco have also joined the Patient Safety Movement Foundation (PSMF) as committed partners.By signing the commitment, the hospitals agree to implement processes such as the Actionable Patient Safety Solutions (APSS) designed to help eliminate preventable patient deaths in hospitals.“Patient safety in hospitals is a global concern, and we hope all countries will join us,” said Kiani.The movement started in the United States but its vision for protecting patient lives has alway been global. Kin said the commitments now represent 33 hospitals and three healthcare organizations in Mexico.“This is just the beginning for Mexico and we need every hospital to participate if we want to eliminate medical errors and preventable deaths,” Dr. Javier Dávila Torres, PSMF Regional Chairman for Mexico and Former Medical Director of the Social Security Mexican Institute.  Caption: Photo courtesy of iStockPhoto

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24-02-2017
NAO gives SmarTone customer experience a robotic edge

When you next go to SmarTone for customer service, you may meet NAO.It is the name of the robot that will aim to service your every need when you visit the company’s physical retail store. The initiative, launched last week on Valentine’s day, will see the leading mobile network operator in Hong Kong add “smart robots” into its retail stores.“SmarTone has always been pushing the frontiers of innovation, committed to innovating customer experience in the industry,” said Josephine Lam, Head of Marketing and Sales at SmarTone in a press release.“The introduction of NAO will enable a fun and interactive experience, deepening in-store engagement with customers,” she added.It will be the first time SmarTone will use actual robots for enhancing customer experience.The idea is to streamline the customer experience while adding fun and improving engagement.  At the launch ceremony at SmarTone’s apm store, NAO joined local Web-celebrity Lilian Kan to sing, dance and play games with customers while uttering words of love.Not to be outdone, Pepper, another smart robot, joined in the festivities as well.It was the first time both robots were pictured together.NAO can perform detailed actions and is multi-lingual.It offered details about the latest service plan offerings while providing recommendations on phone accessories.  “Robotics is one of the hottest technologies and we know they will have a significant impact on our lives in the future,” said Alex Kun, Head of Products and Services at SmarTone.“We will continue to seek ways to introduce the latest robotics technologies into our business as well as provide opportunities for local enterprises, organizations, and individuals to experience the technology,” he added.SmarTone is not just looking to robotics to improve customer services and operational efficiency.The company is looking to improve overall robotics appreciation as a territory-wide effort.For example, it will include the introduction robot rental services and the organization of coding workshops to spur interest among the younger for robotics.Further reading:POSB launches its first AI-driven chatbot on Facebook MessengerThe state of chatbots in marketing3 Martech innovations that could change the face of marketing Caption: Image credit: iStockphoto by Getty Images

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23-02-2017
Hong Kong CMOs failing on customer journeys

Hong Kong CMOs and marketing leaders need to do more to understand customer journeys.In the Understanding the Customer Journey in Asia Pacific report by Econsulting, published in association with Emarsys, which surveyed 1,000 digital marketers and e-commerce professionals in APAC, eight percent of Hong Kong respondents said that their companies have no insights into a customer journey.When compared with other APAC countries in the survey, this figure is the highest and points to a growing gap between customer expectations and the marketing reality in the developed Hong Kong market.“The promise of marketing has always been to deliver personalized interactions that consumers deserve, and that many of them are growing to expect,” said Ohad Hecht, CEO, Emarsys in a press release.“Marketing teams around the world work hard to exceed customer expectations; however, a gap is emerging between customer demand for personalized interactions and the marketer’s ability to deliver,” he added. Too much data is making it difficult for APAC CMOs, in particular for those in Hong Kong.“An explosion of data, channels and point solutions are at the core of this growing gap and are ironically making it harder, not easier, for marketers to understand the customer journey,” said Hecht.As a result, Hong Kong CMOs are facing some challenges on multiple fronts, including “complexity of the customer journey, difficulty with unifying different sources of data and IT bottlenecks.”The lack of internal collaboration is to blame for Hong Kong’s situation.A high 43% of Hong Kong respondents noted there is no information sharing between departments, with over a third of Hong Kong respondents (36%) blaming on their silo-based organizational structures.Forty-three percent of Hong Kong respondents also noted that they are just starting to develop a strategy for improving customer experience, with 6% saying that they have a well-developed one.It is a regional low when compared to developing nations like Indonesia, where 18% claim they have a well-developed strategy and only 3% say that they have no such strategy. Hong Kong CMOs may even be taking the wrong approach to improving the customer journey, the report hinted.Thirty-three percent in Hong Kong said that while their various customer touchpoints are integrated, they are focused on channels and not customers.“The idea of providing a consistent and connected customer experience across marketing touchpoints is not a new concept,” said Jefrey Gomez, Managing Director, Asia Pacific at Econsultancy in the press release.“However, the ability to achieve this remains a challenge for the majority of APAC marketers. In 2017 we may see change in this regard with more organizations focusing on customer needs and established channels,” he added.Further reading:Two trends marketers need to watch out for in 2017On digital: A small book on a BIG ideaReport reveals habits and expectations of Singapore consumers Caption: Image credit: iStockphoto by Getty Images

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22-02-2017
Infinera powers Yahoo Japan data center interconnect

Yahoo Japan has deployed the Infinera Cloud Xpress to interconnect its data centers in Osaka. The Cloud Xpress enables Yahoo Japan to interconnect data centers with hyper-scale density, operational simplicity and low power consumption to deliver internet services to its customers. Working closely with Infinera partner Itochu Techno-Solutions, Yahoo Japan deployed the Infinera Cloud Xpress to address the need for more capacity. Itochu Techno-Solutions provides Yahoo Japan information technology solutions and data center maintenance services. Yahoo Japan has now deployed the Cloud Xpress and Infinera XTM Series in its metro networks. With the Cloud Xpress, Yahoo Japan benefits from Infinera’s photonic integrated circuit technology which delivers a 500 Gbps super-channel over 150 kilometers without additional multiplexers and amplifiers. The Cloud Xpress incorporates Infinera’s Instant Bandwidth technology to allow customers to software-activate line-side bandwidth in 100 Gbps increments as and when needed, closely matching their end-customer demands. In addition, the Cloud Xpress is designed for plug-and-play installation with simplified provisioning and support for data center automation using open software-defined networking (SDN) application programming interfaces (APIs). “The compact design, ease of use and scalability of Cloud Xpress and the XTM Series stand out in metro data center interconnect applications where data center operators need to grow capacity rapidly while minimizing the cost of space and power,” said Andrew Bond-Webster, VP of regional sales in APAC at Infinera. The Infinera Cloud Xpress Family is designed to deliver cloud-optimized wavelength division multiplexing solutions to cloud service providers, internet content providers, Internet Exchange service providers, enterprise and other large-scale data center operators. The Cloud Xpress Family offers customers the choice of 10 gigabit Ethernet (GbE), 40 GbE and 100 GbE client interfaces to meet their specific requirements. Infinera recently introduced the Cloud Xpress 2 based on the Infinite Capacity Engine, scheduled to be available in the first quarter of 2017.

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22-02-2017
Digital economy is key for ASEAN economic integration

Digital data management is key in advancing the digital economies within the ASEAN (Association of Southeast Asian Nations) Economic Community, according to a report from the US-ASEAN Business Council and Deloitte. ASEAN includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. “The digital economy plays a strategic role as a critical enabler for deepening ASEAN regional integration and as well as helping drive next-generation domestic demand led growth for startups and SME's," said Alexander Feldman, president and CEO of the US-ASEAN Business Council.  “We encourage ASEAN governments to create policies on data management that allow member economies to benefit from greater efficiency, extended reach and lower costs,” said Feldman. Jeff Pirie, AEC leader for Deloitte Southeast Asia, said regional integration and the digital economy are both big opportunities in what is one of the world’s fastest growing regions.  “All manner of business, from the start-up to the regional champion as well as the multinational, will benefit if the AEC framework puts the digital economy front and center,” said Pirie. In Singapore and throughout ASEAN, these policies can support modern high-tech industries, enhance the development of e-commerce, help small and medium enterprises reach customers and optimize their businesses, enable financial inclusion, and encourage foreign investment. However, governments need to consider regulatory, legal and policy issues stemming from technology, platforms and providers.  Privacy, security, intellectual property and customer protection are some of the issues that need to be addressed if countries are to benefit from the digital economy.  Also, it is essential to ensure that it is the risk, not the actor, that is regulated. Further, inter-agency cooperation is essential if ASEAN member states are to have effective digital laws and regulations as issues cut across many different sectors. “To maximize the full potential of digitization across the region, there is need for a supportive policy framework,” said Amol Gupte, Citi Country Officer (CCO) for Singapore and head of ASEAN. “Particularly crucial is the ability to move data quickly and seamlessly across borders which will benefit trade, increase innovation and support financial inclusion,” said Gupte.

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22-02-2017
Bukaka in Indonesia taps Oracle to boost business agility

PT Bukaka Teknik Utama in Indonesia has selected the complete Oracle Applications Cloud Suite, including Oracle ERP Cloud, Oracle HCM Cloud and Oracle CX Cloud to optimize the performance of its finance, sales, and HR organizations. The move to Oracle Cloud is part of Bukaka’s larger strategy to transform business practices with modern cloud applications. Oracle ERP Cloud can enable Bukaka to replace its legacy ERP environment with a comprehensive, integrated and scalable  cloud-based financial management system. Having real-time visibility into finance operations across the company can empower Bukaka to drive efficiencies across financial business processes. With accurate financial information easily on hand, the company will be able to focus on business expansion. Built-in social, mobile, and analytic capabilities will allow employees to be connected and effective even while on the go. Bukaka was also in need of a global tool that could accommodate the needs of its employees and identify top talent to reinvigorate the company. The existing system is spreadsheet-reliant, and dependent on unscalable, complex manual processes. With Oracle HCM Cloud, Bukaka can now focus on strategic and developmental elements of HR that contribute to achieving company goals. The single, unified platform can enable the HR team to spend less time on manual processes and more time on driving business productivity by increasing employee engagement and sourcing, and retaining top talent. The goal is to unify sales and service information, and capabilities in a single application to provide customers with a truly personalized experience at all touch points. The Oracle CX Cloud Suite helps the company ensure the customer experience they provide propels organizational innovation, and improves business results. “We wanted to modernize our systems by moving to the cloud, but we also wanted a single, unified solution that comprehensively addressed a wide range of our global business areas, with room to grow,” said Irsal Kamarudin, president director of Bukaka. “With the support of Oracle’s Cloud solutions, we now have the modern tools at our fingertips that will enable us to manage our business operations, serve our workforce, and most importantly, delight our customers and partners,” said Kamarudin.

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22-02-2017
OutSystems saw record growth in 2016

OutSystems said it has begun 2017 with record growth as companies increasingly looking for faster, more efficient ways to build enterprise applications. The company said demand for its low-code development platform has soared, leading to considerable expansion across the business. “Digital transformation is one of the biggest opportunities and challenges facing today’s businesses,” said Paulo Rosado, CEO of OutSystems. “It’s putting companies under tremendous pressure to build business applications faster and with fewer resources than ever before,” said Rosado. “OutSystems continues to be extremely well-positioned to take advantage of that trend by offering a low-code platform for rapidly delivering enterprise mobile and web applications.” Driven by new sales and customer renewals, OutSystems exceeded $100 million in sales and saw 50% year-over- year software revenue growth in 2016. The company added 178 new enterprise customers in 2016 and now serves customers in 43 countries, expanding its reach by over 30%. The OutSystems ecosystem of partners and developers saw massive growth in 2016.  The company formalized a global alliance with Deloitte and tripled the number of solution partners in Europe and Asia adding companies like Hewlett Packard, Incentro, NinTec, TESI, Dreamcloud, Perkasa, Rainmaker, Integrated Global Solutions and Headfitted Solutions. Over 40,000 new developers joined the OutSystems Developer Community in 2016, contributing low-code apps, widgets, and components to greatly accelerate productivity.   Growing to over 500 employees globally, OutSystems added 200 employees in 2016 including executive hires in sales, marketing, and partner management.  “2016 was a great year for OutSystems,” said Rosado. “Our rapid growth is a reflection of the growing demand for mobile apps, the increasing level of industry recognition that we have received, and our product innovation.”

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22-02-2017
Interoperable QR code payment system launched in India

Reserve Bank of India and Indian Banks Association have launched Bharat QR, the world’s first interoperable Quick Response (QR) code acceptance solution.The solution was developed by Mastercard in collaboration with National Payments Corporation of India (NPCI) and Visa. American Express will also adopt these payment standards.Bharat QR aims to provide both merchants and consumers with seamless and secure method for payment transactions.For consumers, Bharat QR eliminates the need to use multiple QR codes from different payment networks when transacting with any merchant.  Similarly merchants need only display one single QR code at the storefront or through their respective acquiring bank’s mobile application.The Bharat QR solution will be rolled out across the nation in phases by banks, with the aim to foster adoption by 57 million small and micro businesses due to the purported low cost of deployment.A number of banks in India stand ready to deploy BharatQR, including Axis Bank, Bank of Baroda, Bank of India, Citi Union Bank, Development Credit Bank, Karur Vysya Bank, HDFC Bank, ICICI Bank, IDBI Bank, RBL Bank, State Bank of India, Union Bank of India, Vijaya Bank and Yes Bank. Several other banks are also at various stages of implementation. 

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22-02-2017
Thomson Reuters unveils innovation lab in Singapore

Thomson Reuters has officially opened Thomson Reuters Labs – Singapore.The innovation facility aims to collaborate with customers, tech startups, universities and the Singapore government to roll out products and solutions for professional markets in the Asia Pacific. The lab will also support Thomson Reuters’s financial & risk, tax & accounting and legal businesses across Asia Pacific.The facility, located in Singapore’s central business district, is the first Thomson Reuters Labs to open in Asia. Thomson Reuters’s other innovation labs are located in Boston, Cape Town, London, Waterloo (Canada) and Zürich.Areas of focus at the lab include advanced data analytics and machine intelligence, with the aim to deliver products that solve global business challenges.Chief Fintech Officer for the Monetary Authority of Singapore (MAS), Sopnendu Mohanty (pictured, second from left), who officiated the lab’s opening, highlighted how an open architecture could facilitate financial institutions’ work around KYC and user interface. Mohanty further encouraged the lab to provide funding support for startups and expressed hope that the lab would work with partners in a mutually beneficial manner.“Singapore is one of the world’s most innovative cities thanks to its focus on collaboration between corporations, government, financial institutions, regulators, and academia,” said Sanjeev Chatrath, Managing Director, Financial & Risk, Asia Pacific at Thomson Reuters. “With our established footprint across Asia and a strong presence in Singapore, the new Lab will serve as a hub for growing our innovation efforts and fostering co-innovation with our customers and partners within the region.”

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22-02-2017
BT connects five largest forex markets

BT is is linking up the world’s five main foreign exchange (FX) locations to help boost the competitiveness of its global financial industry customers. The company is now offering BT Radianz FX express, which provides dedicated high-speed links between financial hubs in the UK, US, Singapore, Japan and Hong Kong. The five hubs are involved in almost 77 per cent of the world’s FX trading, according to the 2016 BIS Triennial Central Bank Survey.The new Radianz FX express service claims to offer low-latency and cost-effective, fully managed connectivity that will give traders faster access to market data across the five locations, while making it easier for them to execute trades. Radianz FX express links directly into the five key third-party global datacentres in the FX trading world.  These datacentres were selected because each of the locations hosts the  IT infrastructure of significant clusters of the FX trading community.Hubertus von Roenne, vice president, global industry practices, BT, said: “Foreign exchange is the largest asset class by value traded globally.  An average of US $5.1 trillion is traded on FX markets every day*.  We’ve created managed BT Radianz FX express routes to boost the competitiveness of our financial services customers.  With dedicated links within and between the world’s five biggest FX trading locations, BT can help FX firms lower costs while creating opportunities for international growth.”

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CyberLink Vol.101 Chinese New Year Special Edition

Message from the CEO

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CyberLink Vol.100 December 2016

Smart-Space FinTech opens to further support community

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CyberLink Vol.99 November 2016

Incubatee Big Dipper wins global excellence award

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