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New collaboration provides the Hartree Centre access to Quantinuum's H-Series high-performance quantum computers via the cloud and on-premise Tailored educational programs will enhance scientists' skills and understanding in quantum technologies Partnership is expected to drive advancements in fields such as quantum chemistry, computational biology, AI, and cybersecurity, contributing to economic growth and scientific breakthroughs BROOMFIELD, Colo. and LONDON, July 11, 2024 /PRNewswire/ -- Quantinuum, the world's largest integrated quantum computing company, has signed a Joint Statement of Endeavour with the STFC Hartree Centre, one of Europe's largest supercomputing centers dedicated to industry engagement. The partnership will provide UK industrial and scientific users access to Quantinuum's H-Series, the world's highest-performing trapped-ion quantum computers, via the cloud and on-premise. Quantinuum H2-1 Ion-Trap Quantum Computer with 56 high-fidelity qubits "Research and scientific discovery are central to our culture at Quantinuum, and we are proud to support the pioneers at the Hartree Centre," said Raj Hazra, CEO of Quantinuum. "As we accelerate quantum computing, the Hartree Centre and the UK quantum ecosystem will be on the forefront of building solutions powered by quantum computers at scale." Both organizations aim to support UK businesses and research organizations in exploring quantum advantage in quantum chemistry, computational biology, quantum artificial intelligence and quantum-augmented cybersecurity. The UK has a strong global reputation in each domain, and quantum computing is expected to accelerate development in the coming years. "Quantinuum's H-Series hardware will benefit scientists across various areas of research, including exascale computing algorithms, fusion energy development, climate resilience and more," said Kate Royse, Director of the STFC Hartree Centre. "This partnership also furthers our five-year plan to unlock the high growth potential of advanced digital technologies for UK industry." The Hartree Centre is part of the Science and Technology Facilities Council (STFC) – within UK Research and Innovation – building on a wealth of established scientific heritage and a network of international expertise. The center's experts collaborate with industry and the research community to explore the latest technologies, upskill teams and apply practical digital solutions across supercomputing, data science and AI. Quantinuum's H-Series quantum computers are the highest-performing in the world, having consistently held the world record for quantum volume, a widely used benchmark for quantum computing performance, for over three years and currently standing at 220. In April 2024, Quantinuum and Microsoft reported a breakthrough demonstration of four reliable logical qubits using quantum error correction – an important technology necessary for practical quantum computing. During the same month, Quantinuum extended its industry leadership with its H-Series computer becoming the first to achieve "three 9s" – 99.9% – two-qubit gate fidelity across all qubit pairs in a production device, a critical milestone that enables fault-tolerant quantum computing. This achievement was immediately available to Quantinuum customers, who depend on using the very best quantum hardware and software, enabling them to push the boundaries on new solutions in areas such as materials development, drug discovery, machine learning, cybersecurity, and financial services. Quantinuum – formerly known as Cambridge Quantum prior to its 2021 combination with Honeywell Quantum Solutions – was one of the UK government's delivery partners, following the 2014 launch of the National Quantum Technologies Programme. Cambridge Quantum ran the Quantum Readiness Programme for several years to inspire UK business and industry to invest in quantum computing to explore the potential use cases of this revolutionary technology. Earlier this year, Quantinuum was selected as a winner in the £15m SBRI Quantum Catalyst Fund, to support the UK Government in delivering the benefits of quantum technologies, with an initial focus on simulating actinide chemistry using quantum computers. About Quantinuum Quantinuum, the world's largest integrated quantum company, pioneers powerful quantum computers and advanced software solutions. Quantinuum's technology drives breakthroughs in materials discovery, cybersecurity, and next-gen quantum AI. With over 500 employees, including 370+ scientists and engineers, Quantinuum leads the quantum computing revolution across continents. About The STFC Hartree Centre The Hartree Centre helps UK businesses and organisations of any size to explore and adopt supercomputing, data analytics and artificial intelligence (AI) technologies for enhanced productivity, smarter innovation and economic growth. Backed by significant UK government funding and strategic partnerships with industry leaders such as the University of Liverpool, the Hartree Centre is home to some of the most advanced digital technologies and experts in the UK. In 2021, the Hartree National Centre for Digital Innovation (HNCDI) programme was established to provide a safe and supportive environment for UK businesses and public sector organisations to acquire the skills needed to adopt AI, develop proofs-of-concept and de-risk investment into emerging digital technologies such as quantum computing. The Hartree Centre is part of the Science and Technology Facilities Council (STFC).
Strategic alliance between two Singapore companies aims to build an engaged community of luxury art collectors, comic fans and lovers of pop culture. SINGAPORE - Media OutReach Newswire - 11 July 2024 - XM Studios, a multi-award-winning global design studio specialising in the creation of luxury art collectibles, has formed a strategic alliance with HIDDEN, a fast-growing local social enterprise specialising in immersive games, to deliver new interactive experiences that would enthral pop-culture lovers while cultivating a deeper appreciation for some of the most iconic collectibles in the world. Ben Ang, CEO of XM Studios (left) and Lim Yee Hung, co-founder of HIDDEN, at the XM Studios Gallery at French Road in Singapore. Leveraging both companies' expertise, networks, and reach, this collaboration presents significant opportunities to create and nurture an engaged community of luxury art collectors, comic enthusiasts, and pop culture aficionados, extending beyond current possibilities. A licensee of Disney, Warner Bros. Discovery Consumer Products, Hasbro and more, XM Studios has garnered numerous awards from community-led events by its clients, and from within the creative industry. It was the winner of Singapore's Emerging Enterprise Award in 2018 and was previously awarded a prestigious "Mickey" award by Disney for Product of the Year. Since 2022, HIDDEN has drawn on its strengths in storytelling, game design and technology to engage audiences through new immersive experiences. Over the years, the company's unique chatbot-led games have won multiple awards, including the TripAdvisor Travelers' Choice Award for 2023 and 2024. As part of the collaboration, HIDDEN is proud to announce the launch of an innovative interactive game, powered by its popular chatbot-led game engine, at XM Studios' gallery within the Kitchener Complex building along French Road. This engaging experience allows visitors to delve into the 'hidden' stories behind the gallery's visually stunning displays, offering a unique opportunity to feel the passion and dedication that fueled their creation. Through a series of unique puzzles and clues, visitors will learn more about XM Studios' collectibles, which include large-format statues and intricate dioramas of iconic comic superheroes as well as other favourite characters from well-loved franchises. This partnership unites an internationally acclaimed creative brand based in Singapore with a fast-expanding game company that blends physical and virtual experiences uniquely. "We are thrilled to collaborate with HIDDEN, another enterprising Singapore company, to leverage technology in creating more engaging experiences that will grow our community of fans, customers, and friends," said Ben Ang, CEO of XM Studios. "We look forward to expanding this collaboration regionally to develop new ways to make our unique creations more engaging and interesting to a wider audience," he added. "As a personal collector of XM myself, Ben is the reason I am afraid to look at my credit card statement every month," said Lim Yee Hung, co-founder of HIDDEN. "It feels surreal to be able to work directly with the creators of some of the most iconic works in pop culture today." "As part of our commitment to the United Nations Sustainable Development Goals, this year alone we have paid out hundreds of thousands of dollars to our fellow independent businesses like Caffeine Xpress, Sourbombe, Tea Chapter, and now XM Studios," he added. As a newly-minted authorised distributor for XM Studios, HIDDEN has recently purchased thousands of licensed collectibles, which will be given to players who sign up for the interactive game within the XM Studios gallery. For HIDDEN, the latest partnership builds on its earlier success in developing similar games and activities in Singapore. From couples on a date to corporate teams gathered for a fun day out, users have been attracted to HIDDEN's adventure games by the rich content and interesting combination of the physical and digital worlds. In November 2023, its popular adventure game was introduced at Changi Airport to enable users to explore the world-famous landmark through digital clues delivered to their phones. Earlier this year, in April, HIDDEN's adventure game was part of a national effort to promote the rich heritage of Singapore's neighbourhoods. Partnering the National Heritage Board, HIDDEN provided a virtual quest in Katong-Joo Chiat to help launch the Heritage Activation Node (HAN) initiative to uncover the untold stories that make communities special. Hashtag: #HIDDEN The issuer is solely responsible for the content of this announcement.ABOUT XM Studios XM Studios is a Singapore-based global design studio that specialises in the production of handcrafted and hand-painted luxury art collectibles. With storytelling designs meant to evoke nostalgic memories, shaped by a collector base spanning the entire globe, XM Studios strives to perfect the most important element – the collecting experience itself. Recognised by international industry bodies as one of the best design houses in the pop culture collectibles space, XM Studios has been awarded 'Product of the Year' by Disney and 'Most Innovative Product' by Warner Bros. Discovery. In addition to being a winner of Singapore's Emerging Enterprise Award, XM Studios has also scooped up numerous awards from community-led events such as the Statue Forum Awards. Current intellectual property licences include Disney (Marvel, Mickey & Friends), Warner Bros. Discovery Consumer Products (DC: Batman, DC: Justice League, The Lord of the Rings, Wizarding World of Harry Potter, Game of Thrones, The Great Gatsby, Looney Tunes, Tom and Jerry, Scooby-Doo, DC: Super Pets), Hasbro (G1 Transformers, Beast Wars) and more. For more information, please visit www.xm-studios.com ABOUT HIDDEN HIDDEN is an award-winning experiences company that combines the physical and virtual worlds to help players uncover hidden gems in a city's iconic neighbourhoods. Launched in 2022, the company is the brainchild of two childhood friends who wanted to make heritage come alive and easily accessible through games and technology. As a social enterprise under the United Nations Development Programme, HIDDENTM is committed to the UN's Sustainable Development Goal to promote inclusive and sustainable economic growth, employment and decent work for all. For more information, please visit www.hidden.sg
SYDNEY, July 11, 2024 /PRNewswire/ -- OKX, a leading global crypto exchange and Web3 technology company, has won awards in five categories at the prestigious WeMoney Cryptocurrency Awards 2024, recognising the company's excellence in offering professional, high-quality services in Australia. OKX was named the winner of: Cryptocurrency Exchange of the Year Best for Professional Investors - Cryptocurrency Best for Quality - Cryptocurrency Best for NFTs Best for Portfolio Insights - Cryptocurrency The WeMoney Cryptocurrency Awards celebrate and recognise cryptocurrency platforms and innovators that offer exceptional value, trading experience, market-leading features, products and services to Australian customers. A panel of WeMoney experts went through a rigorous process to review and evaluate each applicant's offerings, taking into account customer experience, industry standards and regulatory requirements according to WeMoney's methodology. It started with a self-evaluation questionnaire eliciting both favourable and unfavourable aspects of each platform, followed by in-depth research and assessment of each platform's performance. OKX Australia General Manager Jamie Kennedy said: "We are honoured to be recognised by the WeMoney Cryptocurrency Awards 2024 in so many different categories. These accolades are a reflection of our pursuit of innovation and our dedication to providing our local customers with fitting products that they trust. But there's still lots of work to be done. We'll build upon this momentum to bring local users an enhanced suite of crypto products and actively participate in building the crypto ecosystem in Australia for the future." OKX launched its crypto exchange in Australia in May 2024, offering spot trading of hundreds of spot pairs and tokens for all users, as well as derivatives trading for verified wholesale clients in the market. It is also currently the largest global crypto exchange offering direct AUD deposits and withdrawals to Australian customers. Learn more at okx.com About OKX OKX is a leading global crypto exchange and innovative Web3 company. Trusted by more than 50 million global users, OKX is known for being one of the fastest and most reliable crypto apps in the world. As a top partner of English Premier League champions Manchester City FC and McLaren Formula 1, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into Web3. The OKX Wallet is the platform's latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens. OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis. To learn more about OKX, download our app or visit: okx.com DisclaimerInformation about: digital currency exchange services is prepared by OKX Australia Pty Ltd (ABN 22 636 269 040); derivatives and margin by OKX Australia Financial Pty Ltd (ABN 14 145 724 509, AFSL 379035) and is only intended for wholesale clients (within the meaning of the Corporations Act 2001 (Cth)); and other products and services by the relevant OKX entities which offer them (see Terms of Service - Australia). Information is general in nature and should not be taken as investment advice, personal recommendation or an offer of (or solicitation to) buy any crypto or related products. You should do your own research and obtain professional advice, including to ensure you understand the risks associated with these products, before you make a decision about them. Past performance is not indicative of future performance - never risk more than you are prepared to lose. Read OKX's Terms of Service - Australia for more information.
During the first televised debate for the 2024 U.S. Presidential election held on the evening of June 27th, local time in the United States, Trump and Biden even discussed setting a time to compete on the golf course to prove their superior physical fitness. In response, renowned American commentator Ben Shapiro put it humorously on X, "This is one of the most hilarious things I've seen in politics." A netizen joked, "Next time, instead of a debate, Biden and Trump should have a golf match to see who can drive the ball farther, and let the winner be the President of the United States." Beyond the jokes, what deserves deeper insight is the potential investment opportunities within the golf industry. In recent years, the golf industry has shown steady development globally. According to Golf Datatech and Yano Research Institute, The U.S. and Korea were the primary drivers of much of the world’s equipment and apparel sales growth since 2019, with Korean equipment sales +93% (+$549 million) while U.S. sales were +43% (+$1.6 billion). This upward trend is mainly due to the continuous growth of the golf-playing population and increased participation as a result of the lifestyle changes brought by technology. Billionaire hedge-fund boss Steve Cohen even said that a 4-day workweek is coming — and it's part of why he made a big investment in golf. HONMA Golf Announces Fiscal Year 2024 Results: A Dual Victory in Operational Efficiency and Market Strategy In today's highly competitive golf industry, HONMA Golf (hereinafter referred to as "HONMA") has once again solidified its business resilience and brand value. Significant Improvement in HONMA's Profitability. In a market environment where overall revenue growth is moderate, HONMA has demonstrated its exceptional ability in cost control and profitable growth. For the fiscal year ending March 31, 2024, the company's net profit increased by 48.3% YOY, the net profit margin improved by 7.4 percentage points, and the EBITDA% increased by 7.5 percentage points compared to the previous year. These figures fully illustrate the continuous improvement in the company's operational efficiency and the significant effects of refined operations, with profitability steadily increasing. Excellent financial condition, with a healthy balance sheet and strong cash flow. In terms of liquidity and cash flow management, HONMA's cash and cash equivalents increased by 18% compared to the previous fiscal year, totaling 16.6 billion yen; meanwhile, net cash significantly increased by 41.7%, reaching 9.6 billion yen. Additionally, HONMA's net operating cash flow achieved significant growth, increasing by 47.3% year-over-year. Over the past six years, the company's net operating cash flow CAGR reached 18.7%, representing a stable trend of cash flow growth. The excellent financial condition provides solid support for HONMA's future development, allowing it to confidently face market challenges and actively invest in product innovation and brand expansion. Although experiencing short-term volatility in revenue, the company has established multi-dimensional drivers for medium and long-term profitable growth. At the same time, there were still many highlights in operation during the fiscal year 2024. HONMA experienced a slight decline in revenue levels during the fiscal year 2024, with a year-over-year decrease of 11.1%, mainly due to the reduction in distribution channels triggered by channel optimization in Japan and Korea. At the same time, the sales cycle of the previous generation of BERES and TOUR WORLD has come to an end (BERES Aizu and TW757 were launched in November 2021 and March 2022, respectively). However, the company has already launched new products BERES 09 and BeZEAL 3 in the first quarter of this year, expecting to achieve better revenue growth in the coming fiscal year. In terms of channels, the company has significantly increased its revenue through self-operated stores and e-commerce by improving operational efficiency. The overall DTC channels in Japan (+16.0%), Mainland China (+15.7%), and the United States (+17.1%) all achieved good revenue growth. As of distribution footprints, channel optimization was primarily conducted in Japan and Korea during FY24, fully preparing for HONMA's continuous market share expansion and profitable growth. In terms of products, despite the ongoing global economic downturn, it still achieved a growth of 4.9% in apparel sales, with a gross profit margin increase of 16.8 percentage points; its growth reached 23.2% in mainland China, with a gross profit of 62%. Although sales of golf clubs saw a slight decline due to channel optimization, the new products BERES 09 and BeZEAL 3 launched in Feb this year have achieved great sales performance, with BERES series increasing by 19.6% in Japan and BeZEAL growing nearly sixfold. Additionally, to meet consumers' personalized needs, several series of SAKATA LAB putters have been launched since the end of 2023, achieving an overall growth of 19.6%. These once again prove HONMA's brand value and resilience across cycles, as well as the company's accurate grasp of market trends. Overall, the company's sales growth experienced some volatility. But there are expected to be multiple growth drivers in FY2025, when the company's stock price is also expected to return to an upward trend. Revenue growth is expected to recover, with positive expectations building up The company’s potential growth space has shown. Firstly, in terms of the golf equipment business, BERES 09 and BeZEAL 3 were launched in early 2024, and the sales growth they’ll bring is expected to be more evident in the new fiscal year; TW767, targeting the premium-performance market, will also be launched in 24H2. The two flagship products are expected to unleash more energy for sales growth in the new fiscal year. As for apparel business, the company has collaborated with a new design firm, and the 2025 Spring/Summer collection will be completely refreshed, bringing designs more characteristic of the HONMA brand while maintaining high quality. Additionally, the tailoring will also be modified to meet the on-course and off-course needs of the golf community in China, Japan, and Korea. The company has also upgraded the fabrics used to enhance product quality and wearing experience. Secondly, in terms of channel optimization, the company has essentially completed its channel optimization in Europe and America, and significant progress has been made in adjusting third-party channels in Japan and Korea. After six months of renovation and upgrades, the company's flagship store in Seoul has recently reopened, equipped with simulators, product customization, and tuning areas, creating a complete golf product purchasing experience for customers. The CRM system in Korea has also been established and will launch its direct sales e-commerce platform in August. It is expected that these initiatives will become new highlights driving the company's business growth in the next one or two years, promoting steady development. HONMA's Flagship Store in Seoul, South Korea Additionally, the company is also actively expanding into Southeast Asia and the Middle East markets, enhancing brand recognition and market share locally and injecting new momentum into the company's long-term growth. Furthermore, in terms of marketing activities, to ensure the brand maintains a leading position in market competition, HONMA continues refined CRM system, constantly improving customer loyalty. It also continuously enhances media exposure, selects suitable brand ambassadors and KOLs for collaboration, and establishes a strong network of coaches, conveying an image of the brand as relevant, professional, and premium. Over the last two years, repeat purchase rate among existed customers has steadily increased, while the conversion rate of new customers has also significantly improved. Profit expectations improve, supporting a steady increase in dividend yield Dividend yield is an important indicator of dividend-paying capability and shareholder return for HONMA, a company listed on Hongkong stock market. Although HONMA’s current stock price is relatively low, its dividend yield reflects the company's generous returns to shareholders. The company's good profitability and healthy cash flow condition provide a stable basis for HONMA's dividends. The company's payout ratio for FY2024 is 37.64%, with a dividend yield (TTM) of 4.91%. Note: HONMA's "2024 Annual Report" is for the fiscal year ending March 31, 2024 With the steady growth of the company's performance and the capital market's re-evaluation of the company's value, HONMA's dividend yield is expected to become an important factor attracting long-term investors. Especially in the future environment where domestic market interest rates will gradually decrease, a high dividend yield may be more attractive as it not only provides investors with stable cash flow but also potentially generates capital gains with the stock price rising. Considering factors such as the company's dividend payout history, profitability, financial condition, and industry prospects, the company's positive earnings outlook can support a steady increase in its future dividend yield. HONMA’s valuation is relatively low compared to peers, expected to open mean reversion upwards Acushnet Holdings’ stock price has been on the northward journey, reaching a historical high this year, showing investors' firm confidence in its future development. Meanwhile, although Topgolf Callaway faces challenges due to declining performance, its PE ratio TTM is still over 30 times, reflecting the market's recognition of different golf brands' value and the entire industry's long-term potential. In contrast, HONMA's performance in the H-share market has been more stable. Currently, the company's stock price is in the bottom area, with a PE ratio TTM of less than 10 times, not even half of that of the former two, offering a compelling investment opportunity for value investors. Conclusion As a top global golf lifestyle brand, HONMA not only achieved good results during this challenging fiscal year but also laid a solid foundation for future development. HONMA's current ultra-low valuation contrasts sharply with its continuously improving performance growth, offering investors a rare investment opportunity. Meanwhile, the company's dividend yield leads by a wide margin compared to those of peers. Considering the positive outlook for earnings, it will support further increases in its future dividend yield. With the continuous growth of the company's performance and the capital market's re-evaluation of its value, HONMA is expected to attract more long-term investors, and investors can also look forward to dual benefits from the company's stable dividends and stock price rises. Finally, in the current sluggish H-share market, investors tend to prefer targets characterized by low valuation, high dividends, and marginally improving performance. HONMA, with its ultra-low valuation, ample cash flow, generous dividend payout policy, and steadily improving fundamentals, will undoubtedly become an ideal choice for investors to share the dividends of the global golf industry's booming growth.
SAN FRANCISCO, July 10, 2024 /PRNewswire/ -- Zeko, a leading zero-knowledge cross-chain scaling protocol built on Mina, is thrilled to announce the winners of its inaugural ZekoBoost Developer Contest. The competition, which aimed to showcase pioneering applications of zero-knowledge technology across various sectors, concluded with four outstanding winners in their respective tracks. After an intensive evaluation process and a community vote, we are proud to recognize ZKON as the Finance winner, zkNoid as the Gaming winner, Swan Chain as the AI winner, and Pallad as the Internet winner. ZekoBoost Developer Contest Winners in Gaming, Finance, AI, Internet "Zeko is incredibly impressed by the level of innovation and technical expertise demonstrated by all participants," said Evan Kereiakes, CEO of Zeko Labs. "The winning projects not only push the boundaries of what's possible with zero-knowledge technology but also have the potential to drive real-world adoption and impact across various industries." ZKON Revolutionizes Finance Winning the Finance track, ZKON impressed the judges with its cutting-edge financial solutions that harness zero-knowledge technology for secure and transparent oracles. ZKON's platform aims to reshape the financial industry by providing decentralized and tamper-proof financial services. By utilizing zero-knowledge proofs ZKON ensures the integrity of off-chain oracles, offering a promising alternative to both DeFi and TradFi systems. "This achievement underscores our commitment to pioneering financial solutions using zero-knowledge technology and Zeko. As a pivotal project within the Zeko ecosystem, we are proud to advance the private data economy. Our collaboration with many clients across various industries shows our dedication to delivering decentralized, tamper-proof services." zkNoid Takes Gaming to the Next Level In the Gaming track, ZkNoid captured the judges' attention with its innovative approach to blockchain-based gaming. The project demonstrated exceptional creativity in leveraging zero-knowledge proofs to enhance user experience and security in the gaming ecosystem. "ZkNoid is glad to be the first to push web3 gaming to the next level. Leveraging Zeko and zk proofs, we allow players to control game data privacy, leaderboards with proofs of game process, low fees, and vast on-chain game logic." Swan Chain Pioneers AI Integration Swan Chain, the winner of the AI track, demonstrated its innovative application of zero-knowledge technology for artificial intelligence. Swan Chain's platform enables secure and efficient AI model training and deployment, utilizing decentralized prover networks to distribute the computational load and verify the output. By integrating zk-SNARKs, Swan Chain ensures the privacy and security of sensitive data, paving the way for more robust and trustworthy AI solutions. "Swan Chain is pushing AI in Blockchain to the next level. Leveraging Zeko Swan Chain lowers the deployment cost of AI applications, improving efficiency and scalability. At the same time, Zeko's innovative privacy computing solutions and ecosystem infrastructure provide unprecedented support and freedom for AI developers." Pallad Leads the Internet Track In the Internet track, Pallad distinguished itself with its secure wallet that uses zero-knowledge proofs and attestations for enhanced data privacy and security, addressing some of the most pressing issues in today's internet landscape. Pallad's innovative approach promises to transform the way we interact with and rely on internet services. "Pallad's mission is to pioneer privacy and flexibility in Web3 wallets, and this achievement validates our efforts. By leveraging Zeko, we've created a cutting-edge, non-custodial wallet that not only protects user data but also ensures full compliance with regulatory requirements. This win motivates us to continue pushing the boundaries of what's possible in decentralized finance and user-centric privacy." Zeko's Commitment to Developers Zeko is dedicated to fostering innovation in the blockchain space by supporting developers and entrepreneurs in their quest to build the next generation of decentralized applications. Through competitions, grants, and community engagement programs, Zeko aims to amplify exposure and drive adoption of zero-knowledge technology with its immense potential to transform various global industries. For more information, please visit https://zeko.io/.
BANGALORE, India, July 10, 2024 /PRNewswire/ -- Vymo recently concluded its much-anticipated event, Nudge, at the prestigious Taj Lands End in Mumbai, gathering over 300 industry leaders, experts, and visionaries from the banking and insurance sectors in India. Themed 'Change is here,' Nudge highlighted the transformative innovations shaping the future of India's financial landscape. The event featured an impressive lineup of eminent speakers including Saugata Bhattacharya, former Chief Economist at Axis Bank; Kamlesh Rao, MD & CEO of ABSLI; Ramesh Lakshminarayanan, CIO at HDFC; Yamini Bhat, CEO, Vymo and Venkat Malladi, CTO of Vymo. These thought leaders shared their visions and insights on the digital transformation journey that is redefining the financial sector. The event was hosted by the renowned journalist Avanne Dubash. Nudge hosted panel discussions featuring senior leaders from banks, NBFCs and insurance organizations. The panel with banking leaders delved into personalizing the bank around the customer and explored the integration of AI and omni-channel strategies to meet evolving customer expectations. Insurance leaders from across the landscape discussed the future of insurance distribution, the role of AI in enhancing customer experience and operational efficiency in the next panel. The panel featuring CIOs addressed the ROI of adopting new technologies, advocating for a balance between in-house solutions and leveraging SaaS products. Speaking about this, Yamini Bhat, CEO, Vymo, said, "The idea of Vymo started with a simple sketch on a napkin and we are now a 450-strong team serving 400,000 users across nine countries. Ten years ago, adopting the cloud or looking beyond CRM for sales productivity was a novel idea, but now it has become a norm. As customer expectations evolve, financial institutions must rethink and re-architect their tech stack to meet these new needs and aspirations. This is the iPhone moment for our industry. The theme of 'Nudge' is inspired by Mahatma Gandhi's philosophy of gentle guidance towards significant goals and it is also our way of learning from our customers." Vymo CTO, Venkat Malladi elaborated on Vymo's strategic advancements. He detailed the evolution of Vymo's offerings from lead and activity management to a comprehensive institution management platform. He said, "Vymo's journey so far has been marked by strategic advancements aimed at optimizing the BFSI tech stack for the future. Our latest innovations, including OnboardIQ and EngageIQ, are designed to enhance recruitment, training, performance management, and customer engagement. These tools represent our commitment to driving transformation and efficiency in sales and relationship management within the BFSI sector." Keynote speaker Saugata Bhattacharya, former Chief Economist at Axis Bank, offered a forward-looking perspective on future-proofing the BFSI sector. He discussed the intersection of technology, regulation, and evolving business practices, highlighting the growing influence of tech companies and the importance of regulatory compliance and innovation. Customer spotlight sessions featured Kamlesh Rao, MD & CEO, ABSLI, who discussed the transformative impact of AI on life insurance operations, and Ramesh Lakshminarayanan, CIO, HDFC, who highlighted advancements in customer journey enhancement and data management. Overall, Nudge served as a pivotal event for Vymo, showcasing its commitment to pushing the boundaries of innovation in the financial services industry and highlighting the crucial role of customer-centric strategies in driving growth and transformation. About Vymo: Vymo (www.vymo.com) is the Distribution Management Platform of choice for 400,000 salespeople across 65+ global financial institutions such as AIA, Berkshire Hathaway, Generali, AXA, Sunlife, and HDFC Bank. The platform drives productivity bottom-up through nudges and interventions across the customer lifecycle. Gartner recognizes Vymo as a Representative Vendor in the Sales Engagement Market Guide. Vymo has raised over $45M in funding from Sequoia Capital, Emergence Capital, and Bertelsmann India Investments and is also a winner of CB Insights' Demo Day and Microsoft's 'AI for All' awards.
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