world’s-banks-accelerate-shift-to-digital-after-covid-19

World’s banks accelerate shift to digital after COVID-19

 

Banks are rapidly accelerating their shift to digital channels as they seek to reinvent their business models in response to the COVID-19 pandemic, a new paper from Atos reveals.

Incumbent banks are facing a major challenge in fighting off digital competitors, while all banks must harness technology in order to meet new decarbonization targets and regulatory requirements, as well as cater for rising consumer demands.

Two thirds (66 per cent) of banking leaders named transforming the digital customer experience as a top priority over the next year in a survey, while a further 80 per cent said digital technology is essential to achieving their decarbonization targets. Almost half named account security and protection from fraud as a key priority.

The results, from a survey that included 400 retail banking leaders across North America and Europe, are highlighted in the latest global opinion paper by Atos, Digital Vision: Digital Banking, which brings together leading voices from across the industry and geographies, including North America, to examine the latest trends that are shaping and transforming the digital future of banking.

Digital Vision: Digital Banking illustrates how digital technology is making banking smarter, greener and safer. It details how big data, artificial intelligence, blockchain and the Internet of Things are offering banks new opportunities to transform the customer experience, decarbonize operations, and protect their business and customers from external threats.

Adrian Gregory, Global Head of Financial Services & Insurance at Atos, said: “Digital disruption is not new to the banking industry: technologies advance and hungry market entrants are emerging all the time. What has changed, however, is the massively accelerated shift to digital channels as a result of Covid-19. Atos is working with our banking customers and global partners to help navigate and accelerate business and digital transformation to deliver banks’ priorities and ambitions. At this pivotal time in history, we see important opportunities to collaborate to help create a cleaner, more inclusive and secure future for all.”

The Digital Vision: Digital Banking paper builds on the experience of Atos as a leading digital partner to many of the world’s banking, capital markets and insurance companies, providing integrated technology solutions that help financial services providers prosper in a rapidly evolving digital world.

Over the past year alone, Atos has secured a broad range of banking, insurance, pensions, and capital markets contracts across multiple continents. Examples include the selection of Atos by Banque Misr, one of the largest banks in Egypt, to support its transformational journey to become the country’s first digital bank; a minimum 10-year contract with Nest to design and build a future focused pension scheme; and an extended agreement to accelerate transformation with Dutch insurer VGZ.

covid-19-saliva-screening-test-potential-market-size-worth-$3,4062-billion-by-2023:-grand-view-research,-inc.

COVID-19 Saliva Screening Test Potential Market Size Worth $3,406.2 Billion By 2023: Grand View Research, Inc.

 

The global COVID-19 saliva screening test potential market size is expected to reach USD 3,406.2 billion by 2023, according to a new report by Grand View Research, Inc. The market is estimated to expand at a CAGR of 4.8% from 2021 to 2023. The rise in demand for rapid, efficient, saliva-based screening tests has positively impacted market growth.

Key suggestions from the report:

  • The market estimates represent a potential market size for the COVID-19 saliva screening test based on the assumptions that the end-use locations have a 60% population attendance or capacity (60% of pre-COVID attendance) and the testing rate using test device is 100%
  • Saliva-based tests play a vital role in screening asymptomatic individuals thereby aiding in market revenue generation in the near future
  • The fluorescence-labeled antigen/antibodies test is designed to accelerate rapid point-of-access testing of individuals
  • Owing to the pandemic, the economy across the various sectors is severely impacted.
  • However, with the reopening of various sectors and locations such as shopping malls and amusement parks, there is a growing need for screening individuals to curb viral transmission
  • In the U.S., more than 40 amusement parks have prepared to reopen by the spring of 2021, thus increasing the demand for rapid tests
  • Thus, there is a high growth potential for the market with the increase in usage of the medical test at various locations to screen individuals
  • Regulatory bodies such as the U.S. FDA and European Medicine Agency (EMA) have supported these products by providing EUA and product approvals
  • In April 2021, Vatic Health received the CE mark for its on-the-spot’ saliva antigen test for the SARS-CoV-2 virus. The test has also completed the Medicines and Healthcare Products Regulatory Agency (MHRA) registration in the U.K.
  • North America dominated the market owing to the high penetration and adoption of saliva-based screening tests in the region
  • The U.S. is the major contributor to revenue generation due to the emergence of new small and mid-sized companies engaged in the development of such tests

Read 178 page research report with ToC on “COVID-19 Saliva Screening Test Potential Market Size, Share & Trends Analysis Report By Location (Travel Stations), By Technology, By Mode (Centralized Testing, Decentralized Testing), By Region, And Segment Forecasts, 2021 – 2023” at: https://www.grandviewresearch.com/industry-analysis/covid-19-saliva-screening-test-potential-market

This is primarily due to the various advantages offered by saliva-based tests, increasing product approvals by regulatory bodies, and a paradigm shift toward point-of-care testing. The fluorescence-labeled antigen/antibodies test is one of the recent saliva-based COVID-19 screening tests in the market which is based on the principles of fluorescence detection, biochemistry, robotics automation, and cloud computing.

As the number of people visiting public places is increasing and reaching pre-pandemic statistics in a few countries, there is a growing demand for rapid, point-of-care COVID-19 tests to mitigate viral transmission from asymptomatic people. This has enhanced the R&D for the development of simple yet effective saliva-based tests and is expected to create lucrative opportunities for several developers.

Grand View Research has segmented the global COVID-19 saliva screening test potential market on the basis of location, technology, mode and region:

  • COVID-19 Saliva Screening Test Potential Location Outlook (North America) (Revenue, USD Million, 2020 – 2023)
    • Travel Stations
      • Airports
      • Cruise
      • Ports
      • Train Stations
    • Border Crossing
    • Sports Arenas
    • Concert Halls
    • Shopping Malls and Centers
    • Amusement Parks
    • Corporate Campus Environments
    • Universities & Colleges
    • Factories
      • Food Processing Plants
      • Meat Packing Plants
      • Pharmaceutical Plants
      • Mining
      • Retail Working Warehouses
  • COVID-19 Saliva Screening Test Potential Location Outlook (Other Regions) (Revenue, USD Million, 2020 – 2023)
    • Travel Stations
    • Sports Arenas
    • Entertainment Venues
    • Corporate Campus Environments
    • Universities & Colleges
    • Factories
  • COVID-19 Saliva Screening Test Potential Technology Outlook (Revenue, USD Million, 2020 – 2023)
    • Fluorescence-labeled antigen/antibodies testing
    • RT-PCR
    • CRISPR-Cas9
  • COVID-19 Saliva Screening Test Potential Mode Outlook (Revenue, USD Million, 2020 – 2023)
    • Centralized Testing
    • Decentralized Testing
  • COVID-19 Saliva Screening Test Potential Regional Outlook (Revenue, USD Million, 2020 – 2023)
    • North America
      • U.S.
      • Canada
    • Europe
    • Asia Pacific
    • Rest of World

List of Key Players in COVID-19 Saliva Screening Test Potential Market

  • FluroTech Ltd.
  • ARUP Laboratories
  • Vatic Health
  • MOgene
  • Psomagen Inc.
  • DxTerity Diagnostics, Inc.
  • Ambry Genetics
  • Fluidigm Corporation
  • Phosphorus Diagnostics LLC
  • Gravity Diagnostics
  • DNA Genotek, Inc.
  • Quidel Corporation
  • Abbott
  • LumiraDX

Find more research reports on  Clinical Diagnostics Industry, by Grand View Research:

  • COVID-19 Diagnostics Market  The global COVID-19 diagnostics market size is estimated at USD 84.4 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.1% from 2021 to 2027.
  • COVID-19 Detection Kits Market  The global COVID-19 detection kits market size is valued at USD 3.28 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.05% from 2021 to 2027.
  • COVID-19 Sample Collection Kits Market  The global COVID-19 sample collection kits market size is estimated to be valued at USD 12.8 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 3.5% from 2021 to 2027.
chief-of-redpharma-wins-two-business-worldwide-magazine-2021-ceo-awards

Chief of REDPHARMA wins two Business Worldwide Magazine 2021 CEO Awards

 

The head of Belgium based healthcare marketing company REDPHARMA has been named twice in the 2021 Business Worldwide Magazine CEO Awards. Paul Moreau was the outright winner in two categories; ‘Most Innovative CEO in Healthcare Marketing and Communications’ & ‘Growth Strategy CEO of the Year – Belgium‘.

The awards celebrate innovative, influential CEOs from companies all around the world. Rather than focusing on the companies as a whole, as many business awards do, instead the focus here is on the personalities that drive these organisations forward, in turn inspiring others to achieve similar successes.

REDPHARMA specialises in marketing solutions that help pharmaceutical and healthcare companies reach their full potential. This has always been a competitive market, but since the dawn of the COVID-19 pandemic the industry has found itself under even greater pressure, with many struggling to keep up with demand or stand out from their competitors. It’s also an industry that has been slow to adopt modern communications strategies, so REDPHARMA is here to help healthcare companies adopt marketing methods that really work for them.

Paul Moreau and his team help REDPHARMA’s clients navigate the complex evolution of the healthcare industry, offering a range of services from consultancy and training to voucher and loyalty schemes. The company also offers groundbreaking digital marketing solutions that help healthcare firms bring their products to life and build strong relationships with customers.

Paul has an intrinsic understanding of how customers think and how to target marketing campaigns accordingly, as well as using secure analysis tools to give unprecedented insights. His deep knowledge of how the pharmaceutical industry is evolving and the role of technology, coupled with exemplary leadership and entrepreneurial skills, has seen the REDPHARMA brand go from strength to strength since its inception in 2010.

To find out more, visit the company website at https://redpharma.be/

An article on the company can be found on the BWM website: https://www.bwmonline.com/2021/05/09/redpharma-delivering-outstanding-marketing-solutions-to-pharmaceutical-companies/

Further information about the Business Worldwide Magazine awards can be found online at https://www.bwmonline.com/awards/

regulators-challenged-by-covid-19-pandemic-but-not-letting-businesses-off-the-hook,-nuix-survey-finds

Regulators Challenged by COVID-19 Pandemic but Not Letting Businesses Off the Hook, Nuix Survey Finds

Regulators worldwide have largely adjusted to the new circumstances brought about by the COVID-19 pandemic and maintained their focus on protecting consumers and markets, according to a new survey published by global software company Nuix (www.nuix.com). The report also highlights the importance of investigation readiness for regulators, highly regulated corporations and the legal and advisory firms they turn to for help.

Nuix’s 2021 Global Regulator Report: Best Practices for Financial and Competition Regulators Around the World is the result of a survey by Ari Kaplan Advisors (www.arikaplanadvisors.com) of 31 securities, financial services and competition regulators in 18 countries.

“Over the period I was doing the research, the regulators I spoke to were making significant adjustments to their own work practices and in the way they dealt with their target corporations as a result of the pandemic,” said Ari Kaplan, principal of Ari Kaplan Advisors and the report’s lead researcher and author.

“On the one hand, the regulators understood that their targets were operating in changed circumstances. But they also recognized that in tougher economic times, there is a greater temptation to do the wrong thing, such as the emergence of COVID-related fraud, and that called for greater vigilance.”

The survey examines financial and competition regulators’ investigative methods, preferred technology protocols, primary enforcement strategies, data sharing preferences and much more. As well as providing a wealth of data for regulators seeking to benchmark against their global peers, the report offers valuable intelligence for highly regulated corporations and their legal and advisory firms.

“One very interesting finding was that most regulators don’t provide any warning that an investigation is about to drop,” said Stuart Clarke, Nuix’s Regional Director for Northern Europe. “Throughout my career, I’ve seen that urgent, last-minute responses to regulatory investigations incur the greatest financial burden.

“This research clearly shows the return on investment for developing a regulator-ready strategy. Being regulator ready is not just about remaining compliant. You can dramatically reduce your risk by having a firm grasp of your regulatory environment and leveraging best-in-class technology to discover and investigate your data.”

Between March 20 and August 11, 2020, legal industry analyst Ari Kaplan interviewed 31 regulators responsible for securities, financial services and competition in 18 countries. To read the full report and related materials, visit www.nuix.com/Regulators-2021.

7.3%-cagr-expected-in-global-outdoor-lighting-market-by-2030:-p&s-intelligence

7.3% CAGR Expected in Global Outdoor Lighting Market by 2030: P&S Intelligence

 

The increasing urbanization in various countries is fueling the rapid construction of roads and highways across the world. To make road traffic more efficient and smoother, the governments of several countries are implementing policies aimed at improving and upgrading the road transportation infrastructure. For example, according to the Chinese Ministry of Transport, the total spending on the transport infrastructure of the country was around $328 billion from January to September 2019.

As the rapid construction of roads and highways is propelling the demand for outdoor lighting systems, the increasing urbanization in various countries is one of the key factors driving the expansion of the global outdoor lighting market. Because of this factor, the value of the market will rise from $10.7 billion in 2019 to $23.8 billion by 2030, while the market will exhibit a CAGR of 7.3% from 2020 to 2030. Moreover, the surging sales of automobiles, especially in the developing nations, are massively boosting the requirement for proper road transport infrastructure, thereby fueling its development.

Get the sample copy of this report at: https://www.psmarketresearch.com/market-analysis/outdoor-lighting-market/report-sample

The ongoing COVID-19 pandemic has not only halted such infrastructural development projects, but has also negatively affected the supply of various electronic components and parts of lights from original equipment manufacturers (OEMs), especially those based in China. Additionally, the implementation of strict lockdown measures by the governments of several countries has disrupted the logistics and supply chain and has also massively affected the travel and hospitality industry, thereby reducing the worldwide demand for outdoor lighting systems.

The light-emitting diode (LED) lights category, under the lighting type segmentation of the market, is predicted to register the highest growth in the future years. This is credited to the mushrooming installation of LEDs at stadia, streets, parking lots, and numerous other outdoor settings in many countries, on account of the increasing enactment of several energy-efficiency measures aimed at reducing the emission of greenhouse gases (GHG) and the electricity costs. For example, Philadelphia announced in 2019 that it aims to replace as many as 100,000 streetlights with LED-based lighting systems in the future years. This will allow the city to reduce its yearly electricity expenditure of $15 million on streetlights.

Under the component segmentation, the control category is predicted to demonstrate faster growth in the market in the future years. This will be because of the growing requirement for daylight sensors in streetlights and the burgeoning demand for camera-based lighting control and hybrid lighting control systems.

Browse detailed report with COVID-19 impact analysis on Outdoor Lighting Market Research Report: By Lighting Type (HID Lights, LED Lights, Fluorescent Lights, Plasma Lights), Component (Fixture, Control), Application (Streets, Highways, Parking Lots, Stadiums, Tunnels), Distribution Channel (Direct Sale, Retail)- Industry Trends and Demand Forecast to 2030 @ https://www.psmarketresearch.com/market-analysis/outdoor-lighting-market

Highways were the largest application area of outdoor lighting systems between 2014 and 2019, on account of the launch of several extensive highway renovation and construction projects during that time period. For example, in 2019, the Jilin Provincial Department of Transportation in China linked Liaoyuan and Dongliao, Ji’an and Tonghua, Yushu and Songyuan, and Jilin and Changchun Longjia International Airport via four separate highways.

The outdoor lighting market is currently registering the highest growth in the Asia-Pacific (APAC) region, on account of the fact that the region is the world’s largest distributor, exporter, and manufacturer of energy-efficient lighting systems. In addition to this, in various regional countries, many initiatives are being launched for replacing the traditionally used lights with LEDs. For example, under the Street Light National Programme (SLNP) implemented in 2015, the Indian Government aims to deploy 35 million LEDs in place of the conventionally used streetlights.

Make Enquiry Before Purchase at: https://www.psmarketresearch.com/send-enquiry?enquiry-url=outdoor-lighting-market

The major global outdoor lighting market players are Signify N.V., Acuity Brands Inc., General Electric Company, OSRAM Licht AG, Cree Inc., Hubbell Incorporated, Samsung Electronics Co. Ltd., Zumtobel Group AG, Syska LED, Virtual Extension, Dialight Plc, and Eaton Corporation plc.

avoiding-credit-risk-related-collapses-:-tradeflow-reduces-risk-in-sme-trade-finance-using-innovative-fintech,-non-lending,-non-credit-system

Avoiding credit-risk related collapses : TradeFlow reduces risk in SME trade finance using innovative FinTech, non-lending, non-credit system

 

When large credit lending firms collapse, huge shockwaves are sent throughout industry; the risk of contagion looms, threatening thousands of jobs, disrupting supply chains for essential goods, and increasing the barriers to credit  that hits SMEs most.

Recognising these challenges, TradeFlow uses a system to enable trade that removes the issue of credit insurance whilst enabling SMEs trade profitably. FinTech-powered, it is non-lending, non-credit based and reduces fraud risk with more control over the logistics and testing of commodities transacted as a neutral principal; IOT tracking devices and the use of drones are used to minimise the risks of unauthorised cargo container swapping and unauthorised commodities access.

Such financial issues happening reveal the vulnerabilities of trade finance models that have not kept pace with rapidly evolving economic challenges exacerbated by the COVID-19 pandemic. SMEs, by their nature, do not have deep reserves or pools of collateral that they can pledge against  the loans they have traditionally sought to give them the liquidity they need.  In the aftermath of financial shocks, it is those SMEs that suffer disproportionately as banks and other lenders carry out portfolio rebalancing exercises. The business model of firms that rely heavily on credit risk insurance against defaults is one that is particularly vulnerable.

Termed the “Digital Transaction and Risk Transformation Engine (DTRTE)”, TradeFlow’s system enables global physical commodity trade for SMEs, with the DTRTE architecture providing the added advantage of superior risk-adjusted returns and capital preservation for investors. The system is also highly complementary to traditional trade finance lending institutions like Banks; TradeFlow does not lend money.

Tom James, CEO of TradeFlow affirms, “TradeFlow strives to innovate and bring digitised solutions to the international trading community that adds value in operational and capital efficiency, transforming risk to enable trade .” John Collis, CRO of TradeFlow adds, “TradeFlow’s mission is to enable SME trade worldwide. When a financial  earthquake hits there may be many casualties, but those numbers are dwarfed by the follow-on losses caused by the problems of getting adequate and timely relief and aid to the needy.  Financial earthquakes remind us of the value of the system we have created. ”

Nations around the world struggle with socio-political challenges, many made worse by the COVID-19 pandemic. Greater economic hardships brought about by higher-risk systems of trade can be prevented through innovations made possible by Digitalisation.

The world’s growing trade finance gap needs to be filled, stably and sustainably , and TradeFlow’s trade solutions can help achieve that to support the everyday flow of goods and money getting to the right places at the right times.

global-sources-2021-april-show-series-canceled

Global Sources 2021 April show series canceled

 

In light of the risk of the COVID-19 pandemic, restrictions and quarantine requirements relating to international travel, and concerns for public health and safety, Global Sources is regretfully announcing the cancelation of the Global Sources 2021 April show series, rescheduling to run in October, 2021.

Global Sources continues to support international suppliers and buyers with business opportunities through a diversified portfolio of online services, including Global Sources Online (www.globalsources.com) and the Global Sources App, in its ongoing efforts to help companies around the world to do business during the pandemic. Special editions of the Global Sources Electronics and Global Sources Lifestyle & Fashion shows are scheduled to be organized in July 2021 to embrace the increasing buyer demand.

Cancelation of the Global Sources 2021 Spring Show Series:

– Global Sources Consumer Electronics

–       (April 11 – 14, 2021)

– Global Sources Mobile Electronics

–       (April 18 – 21, 2021)

– Global Sources Smart Home & Appliances

–       (April 18 – 21, 2021)

– Global Sources Home & Kitchen

–       (April 18 – 21, 2021)

– Tech Gifts Show

–       (April 18 – 21, 2021)

– Global Sources Lifestyle X Fashion

–       (April 27 – 30, 2021)

“Protecting the health and safety of exhibitors, visitors and service users has always been our top priority, for which we have made the difficult decision to cancel the Global Sources shows in April 2021. We thank all stakeholders for their understanding and support,” said Hu Wei, CEO of Global Sources.

“As a trusted partner in driving global trade for 50 years, Global Sources stands by its buyers and partners through thick and thin. Buyers will still be able to contact suppliers through our diversified portfolio of online services, and usage of such online services has risen sharply since the pandemic.”

Global Sourcing – always on

Global Sources Online (www.globalsources.com)

Global Sources Online was the world’s first cross-border B2B trade platform, and has 26 years of industrial expertise, particularly in high-value frontier areas such as smart innovation, fashion & lifestyle, and consumer electronics. The platform demonstrates the latest products of verified suppliers and enables buyers to place sample orders online. Available twenty-four-seven, Global Sources Online has more than two million active users each month, offering premium O2O sourcing experience to millions of high-end B2B buyers worldwide all year round.

Global Sources App – sourcing partner on the go (Download Link)

The GlobalSources.com App is an easy, all-in-one sourcing tool for buyers to search millions of products and manage their inquiries and quotations – anytime, anywhere. Its outstanding features include:

– Real-time chat with suppliers

– Watch product demos

– View recommended products and suppliers

– Plan and manage trade show visit

– Get quotes from suppliers

– Direct Order with in-app payment

Special Editions of Electronics and Lifestyle & Fashion Exhibitions to meet increasing trade demand in the sourcing world

Global Sources continues to be at the forefront of facilitating trade between international buyers and suppliers. Demonstrating foresight and flexibility, and confidence in increasing buyer demand, Global Sources plans to hold the first and largest post-pandemic exhibitions – Special Editions of the Global Sources Electronics and Global Sources Lifestyle & Fashion shows, in Hong Kong in July, 2021. Over 3,500 exhibitors are expected to participate at this long-awaited event which would offer buyers a rich mix of consumer electronics, mobile accessories, smart home products and appliances, along with lifestyle and fashion products. The Special Editions will be supported by Global Sources’ renowned online services, maximizing business opportunities for buyers and suppliers worldwide.

ramco-systems-positioned-as-leader-in-the-2020-spark-matrix-for-multi-country-payroll-by-quadrant-knowledge-solutions

Ramco Systems Positioned as Leader in the 2020 SPARK Matrix for Multi-Country Payroll by Quadrant Knowledge Solutions

 

Leading Global Payroll software provider, Ramco Systems announced that it has been named as a 2020 Technology Leader in Quadrant Knowledge Solutions‘ SPARK Matrix Analysis of the global Multi-Country Payroll Solution (MCP) market.

The Quadrant Knowledge Solutions SPARK Matrix™ includes a detailed analysis of global retail execution market dynamics, major trends, vendor landscape, and competitive positioning. The study provides a competitive analysis and ranking of leading multi-country payroll vendors in the form of its SPARK Matrix, providing strategic information for users to evaluate different vendor capabilities, competitive differentiation, and market position.

According to Quadrant Knowledge Solutions, the multi-country payroll market is currently transitioning from early adoption to the rapid growth stage of the overall product lifecycle. While multi-country payroll is essentially around for several years, the current advanced solutions powered by robotic process automation, advanced analytics, artificial intelligence, and machine learning is increasingly gaining market traction across industry verticals and various geographical regions.

Driven by the impact of COVID-19 on the global economy, major industries across diversified areas, are facing significant challenges and a negative growth rate. COVID-19 has also impacted the market for overall digital transformation and enterprise software, including the multi-country payroll (MCP) technology market. The multi-country payroll platform market which has grown by 18.5% in 2019 is expected to grow at a CAGR of 13.4% from 2020-2025. Despite of the fact that the majority of the technology market is witnessing negative growth due to the on-going pandemic across the global regions, the market growth for multi-country platforms still has a positive growth in the year 2020.

“Ramco, with its comprehensive payroll solution equipped with AI-driven and end-to-end payroll execution, has received strong ratings across the parameters of technology excellence and customer impact, and has been positioned amongst the top 3 technology leaders in the 2020 SPARK Matrix of the multi-country payroll solution market”, said Pallavi Bothra, Analyst at Quadrant Knowledge Solutions. “The company’s platform is equipped with advanced NLP-based intelligent chatbot service, machine learning, and RPA powered services to help enterprises transform Payroll strategy by automating traditional HR transactions, improving operational processes, and driving business benefits across functions. With its robust technology platform, comprehensive functional capabilities, and compelling product strategy and roadmap, Ramco is well positioned to expand its market share in the global multi-country payroll market”.

Commenting on being positioned as a leader in the Multi Country Payroll SPARK Matrix, Virender Aggarwal, CEO, Ramco Systems, said, “Our focus on leveraging artificial intelligence and machine learning in areas such as anomaly detection, reasoning engine and self-explaining pay slip have helped us stay ahead of others in the global payroll market. With compliance across 50+ countries and a roadmap to add 12 more in the coming year, we continue to win the trust of Fortune 500 & MNCs looking for a seamless payroll experience. We thank our customers and partners for supporting us in this journey which has cemented us as a leading payroll provider with innovative edge and delivering customer impact in the 2020 SPARK Matrix for Multi-Country Payroll.”

The global demand for multi-country payroll is increasing due to the capability of the platform to seamlessly process the payroll activity automatically, resulting in uniformity and reduction in discrepancies apart from reducing the risk of human error. Additionally, the platform’s ability to adapt to the frequent & dynamic improvements in compliances, ensures adherence to the latest legal regulations, safeguarding them from future legal actions. The multi-country payroll platforms are governed by the requirement of global payroll, which would rise with the market adoption of third-party payroll solutions against in-house processing of payroll. This can only happen when the payroll vendors provide a scalable, yet standardized payroll platform, as per requirement.

endera-launches-nation’s-first-trust-exchange-network-–-a-game-changer-in-the-digital-and-gig-economies

Endera launches nation’s first Trust Exchange Network – a game-changer in the digital and gig economies

 

Endera, provider of the first continuous evaluation platform for post-hire workforce risk, has launched Trua™, a user-centric, digital trust exchange network powered by cutting-edge, patented algorithms that facilitate a Trust Score based on an individual’s verified identity, publicly available court records, and other verifiable data. Users can share their TruaScore™ with potential employers to establish credibility and trustworthiness, ultimately replacing the need for traditional background checks and credit-score inquiries that require personally identifiable information (PII).

Trua puts individuals in charge of their own data by enabling users to generate a dynamic Trust Score that’s continuously monitored and updated. The score, ranging from zero to 360, is generated by verified and validated background information pulled from nationwide court and public records.

The score takes into account a person’s identity, credentials, criminal and civil records, education, watch lists, and sanctions without exposing sensitive personal information such as Social Security numbers as in a traditional background check.

Over 8 million computations are factored into Trua’s cutting-edge proprietary algorithms that simplify the typically arduous screening of an individual’s background information into an easy-to-understand, personal Trust Score. Users have complete control over who to share their score with and the length of time it can be viewed by explicit authorization.

Trua’s mission is to enable the exchange of trust for life’s transactions and to empower people to have a confident and secure relationship with the unknown. The TruaScore is now the way to prove trustworthiness in person-to-person transactions such as workplace hiring, in-home-care and service providers, tenant screening, or even dating.

“Trust within the gig and sharing economies can be difficult to measure, especially because studies show that two-thirds of people solely rely on peer references and word-of-mouth in decision making,” said Raj Ananthanpillai, CEO of Endera. “Many digital platforms that connect service providers with consumers cut the vetting process short, leaving consumers with little to no real trust in a provider’s identity and credibility, which can be a safety or liability risk.”

The nontraditional gig/share economy is dramatically expanding as a result of the COVID-19 pandemic, fluctuations in the economy, and technological advancements that make remote hiring and work more efficient. In this market, there is currently no universal, standardized trust exchange method that gig and freelance workers can rely on to drive professional growth and personal protection.

“There is a clear need for a fast, reliable solution to assess trust without infringing on privacy or exchanging sensitive personal data,” Raj added.

By empowering people to take ownership of their data and personal information without compromising the integrity of the data, Trua allows users to prove their trustworthiness in person-to-person transactions without fear of identity theft or leaked PII. Unlike traditional background checks, the TruaScore is a non-biased trust exchange method because employers and hirers only see an individual’s Trust Score, not a lengthy document with underlying data and personal details.

With the constant risk of data breaches that leave personal information vulnerable, TruaScore does not require companies to collect an individuals’ PII and then outsource background checks to a third party. Instead, Trua lets individuals assemble their own background profile and enables the evaluator to verify them through the Trua Trust Exchange. This transformation allows Trua to reduce significant regulatory burden and liability risk for employers and better protects sensitive data.

“Employers should no longer have to bear the overwhelming responsibility of safeguarding every applicant’s or employee’s PII, especially as company data breaches are on the rise,” said Raj. “Trua takes that burden off of employers and allows them to hire smarter, safer and much faster.”

TruaScores are continually updated as new public information becomes available, eliminating the need for employers to run periodic screenings as they would with a traditional background check. It also provides situation-specific scores for employers interested in relevant history and credentials.

Trua users are able to review and dispute any incorrect data affecting their score, which is atypical during a traditional background-check process; applicants are merely informed that a background check is being performed on them and it ends there. Whereas Trua provides a dashboard of information on how to improve their score over time, similar to how individuals monitor and work to improve their credit scores.

Banking and financial service institutions will benefit from utilizing the holistic Trust Score, as Trua quickly verifies an individual’s identity, criminal and civil issues, watch lists and sanctions, and financial compliance without the need for third-party background checks or storing an individual’s personal documents.

“We are disrupting the archaic method of verifying a person’s identity and background in order to adjust to the realities of the new digital landscape of our lives,” said Raj. “Millions of people are renting vacation homes, hiring care givers and home services, ordering cars through rideshare, and meeting people from dating apps without confidently knowing if these individuals are safe and trustworthy. It’s time that we drive a societal change in terms of safety, security and personal responsibility, and provide a turnkey digital trust exchange, putting individuals back in control of their personal data.”

Trua Trust Exchange is based on blockchain technology and holds six patents for its proprietary processes, visual display and scoring technology. An individual’s records are verified by multiple sources to ensure legitimacy, and are cryptographically signed and stored on a blockchain to provide a chain of custody of all data sources applied in the validation.

All user data is encrypted and accessible only by multifactor authentication by the individual. When users no longer want to use a Trust Score, their data is deleted and never sold to third parties as it is when using traditional background checks and credit bureaus.

Trua is powered by facial recognition technology and backed by 15 years of research and product development on behalf of major corporations and U.S. intelligence agencies such as Homeland Security.

kantaro-and-atrys-health-partnership-expand-global-footprint-of-quantitative-covid-19-antibody-tests-in-europe-and-south-america

Kantaro and Atrys Health Partnership Expand Global Footprint of Quantitative COVID-19 Antibody Tests in Europe and South America

 

Kantaro Biosciences, LLC, a joint venture between the Mount Sinai Health System and RenalytixAI (LSE:RENX / NASDAQ: RNLX), and manufacturing partner Bio-Techne Corporation (NASDAQ: TECH), entered into a marketing and distribution agreement with Atrys Health (BME: ATRY), a biomedical company dedicated to providing diagnostic services and medical treatments of excellence. Atrys Health will offer COVID-SeroKlir and COVID-SeroIndex, Kantaro’s quantitative SARS-CoV-2 IgG antibody test kits, in select European and South American territories, including SpainPortugalColombiaBrazilPeru and Chile.

The Kantaro tests have received a CE Mark for detecting the presence and precise level of neutralizing IgG antibodies that are produced as part of the immune response to COVID-19 virus exposure. The Kantaro tests are also the first and only quantitative antibody tests that do not require proprietary equipment, meaning they can be run easily in any approved clinical laboratory. Quantitative testing for neutralizing antibodies can inform healthcare decision-making and public health policies worldwide.

“Atrys Health is the latest in a growing list of high-quality distribution partners. This agreement represents another critical step forward in bringing the Kantaro quantitative antibody tests to doctors, patients and researchers in regions affected by COVID-19,” said Sara Barrington, Kantaro’s chief commercial officer. “We believe this type of antibody testing is increasingly relevant at this point in the pandemic to provide peace of mind and answer important questions about vaccine response, longevity and immunity.”

Isabel Lozano, CEO of Atrys Health, said: “Our partnership with Kantaro diversifies and widens our portfolio of diagnostics at the forefront of innovation. We humbly embrace the opportunity to make the Kantaro quantitative antibody tests available to our customers in Europe and South America and be part of the global effort to increase testing and begin to recover from the COVID-19 pandemic.”

COVID-SeroKlir and COVID-SeroIndex are enzyme-linked immunosorbent assays (ELISA) that have demonstrated 97.8% sensitivity and 99.6% specificity for detecting COVID-19 IgG antibodies, making them highly accurate with low potential for false results. The high precision results from a two-step process that utilizes two virus antigens: the receptor-binding domain (RBD) and the full-length spike protein.

The underlying technology in the Kantaro quantitative antibody test is based on research performed at the Icahn School of Medicine at Mount Sinai in New York City. The Mount Sinai technology has already been used in a highly diverse population of over 86,000 patient samples to screen for convalescent plasma donors and determine past infections in the clinical assessment of potentially life-threatening complications from COVID-19, including lung, kidney and cardiovascular disease. This technology has been utilized extensively in peer-reviewed research published in Science and Nature.

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