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Tag: digitalization

What Could Push Bitcoin Above The $100K Threshold

Despite the recent downfall of the crypto market, the projection of Bitcoin (BTC) to cross the $100k threshold remains seen as a matter of time. Back in December, Bloomberg Intelligence indicated that the anticipated mark would happen eventually “due to the economic basics of increasing demand vs. decreasing supply,” and new data shed some light on that idea. Bitcoin Vs. Crude Oil In a new Bloomberg Intelligence report, data shows trends that could favor Bitcoin and Ethereum prices. The report noted that “Representing advancing technology, Bitcoin is gaining traction as a benchmark global digital asset, while oil is being replaced by decarbonization and electrification.” Lack of supply elasticity is an attribute shared by Bitcoin and Ethereum that “sets them apart from commodities”. For commodities, “rising prices thwart demand and increase supply”, but the top cryptocurrencies might tell a different story. “Increasing Bitcoin and Ethereum demand, and adoption vs. diminishing supply, should follow the basic rule of economics and raise prices.” In the following chart, Bloomberg shows a juxtaposition of the decreasing BTC and ETH supply along with the excess of crude oil and liquid-fuel production compared to consumption heading toward 13% in 2023, noting that the U.S. “has been a top headwind for commodity prices”. Related Reading | Why The Bitcoin At $100K Discourse Remains Strong Despite Market Crashes Mainstream Adoption Experts think that BTC “is well on its way to becoming global digital collateral”, while its revolution in the “digitalization of finance” is in its early days. Future mainstream adoption will lead to increased demand for bitcoin. The report predicts that the future developments in the macroeconomics and politics of the U.S. –dollar dominance, jobs, votes, taxes, and the aim to oppose China’s policies and find leverage against them– will lead U.S. policymakers into creating proper regulations for cryptocurrencies and ETFs. Beyond El Salvador adopting BTC as legal tender, the proximity of the U.S. midterm elections has evidenced the American senators and politicians’ race to follow along. In Wyoming, Arizona, and Texas politicians are pushing to turn the digital coin into a legal tender, pointing at Bitcoin as a new defining factor to get well positioned in the polls. A wider acceptance of bitcoin is expected to happen with more regulatory clarity because fear and misinformation could diminish, thus more investors would jump in meaning mainstream adoption. The report also notes that this greater mainstream adoption of Bitcoin is looking unstoppable, which would likely benefit its price. “The launch of U.S. futures-based exchange-traded funds in 2021 appears as a baby step by regulators that we think culminates with ETFs tracking actual cryptos via broad indexes.” Bloomberg data shows that “Rising demand, adoption and depth of Bitcoin should leave few options for volatility but to decline.” For this reason, they think it’s going through a “price-discovery stage”. The following chart shows “the upward trajectory of Bitcoin futures open interest vs. the downward slope in the crypto’s volatility vs. the stock market”, noting that Bitcoin’s 260-day volatility is 3x of the Nasdaq 100, which contrasts its volatility during the launch of futures in 2017, which was closer to 8x. Regarding the Federal Reserve’s tightening measures, Bloomberg experts had previously predicted that “Bitcoin will face initial headwinds if the stock market drops, but to the extent that declining equity prices pressure bond yields and incentivize more central-bank liquidity, the crypto may come out a primary beneficiary.” Related Reading | Bitcoin Leverage Ratio Suggests More Decline May Be Coming

What Is Neobank and How Does it Make Money?

As digitalization continues to redefine the finance sector as we know it, customers are demanding a swift shift to digital banking services. While traditional banks and Fintechs are upgrading their systems to meet these demands from their customers, neobanks are creating digital bridges to connect numerous businesses and users to digital financial services, especially in […]

The post What Is Neobank and How Does it Make Money? appeared first on SDK.finance - White-Label Digital Core Banking Software.

Hitachi Rail’s Digital Interlocking Passes Major Milestone for Germany’s Fast-Track Programme

TOKYO, Feb 4, 2022 - (JCN Newswire) - Deutsche Bahn and the German Federal Railway Authority has witnessed a series of functional and operational tests that proved Hitachi Rail's capability to adapt its digital interlocking product to German specifications and standards.

The move represents a major step towards Hitachi Rail entering the German interlocking market. While the firm is one of the world's largest signalling providers, the tests confirmed that its technology was compatible with German SCI (Standard Communication Interfaces) which interface between the interlocking and operations control centre.

Having proved its ability to adapt its technology, Hitachi can partner Deutsche Bahn in its plan to modernize the signalling equipment of the entire network with Digital Interlocking and ETCS, over the next two decades, as part of the "Digitale Schiene Deutschland" (Digital Rail Germany) programme.

This is a major milestone in Germany's Fast-Track Programme, also known as "Schnelllauferprogramm" (SLP), whose objective is to bring new digital solutions to the market in a very short time by simplifying processes and promoting close cooperation between supplier and operator throughout the project.

Hitachi Rail is specifically responsible for renewing and upgrading the signalling on the Gera- Weischlitz line in Saxony, which includes seven stations across 60 km of single track.

Frank Gulicher, Head of Digital Planning and Construction of Infrastructure Projects (Deutsche Bahn AG) and Head of Digital Signalling and ETCS Project Portfolio (DB Netz AG) said:

"With the SLP, we want to achieve a market expansion with higher capacities and to gather valuable knowledge for the rollout of "Digitale Schiene Deutschland". With Hitachi Rail we have found a new partner for our programme to digitalize the German railway network. We are looking forward to a successful cooperation."

The digital interlocking systems are a key enabler in the transition towards the digitalization of the rail transport. By fitting the latest interlocking technology to the SLP Gera-Weischlitz line, Hitachi Rail's team in Germany will help its client to improve operational efficiency and reliability

by reducing traffic disruption and delays for passengers and freight traffic based on the extremely high level of requirements in safety and availability at DB.

"The achievement of this important milestone on the SLP Porject Gera - Weischlitz line underlines the strong commitment of Hitachi Rail to play a wider role in the DSD programme and support DB as a trusted technology partner," says Alessandro De Grazia - Managing Director Hitachi Rail STS Germany, Head of DACH Region (Sales & Projects)

A key player in the global railway industry, Hitachi Rail offers its clients a comprehensive range of advanced solutions and technologies for railway signalling and systems integration, rolling stock, as well as the service, operation and maintenance of conventional and fully autonomous rail systems, to support the transition to more sustainable and decarbonised mobility and societies.

- Fast-Track Programme is an initiative of the German federal government, the rail industry and Deutsche Bahn (DB), and an economic stimulus programme designed to combat the consequences of the coronavirus pandemic, safeguard jobs and strengthen industry. In a short time, in seven projects, existing signal and switch technology will be replaced by modern, digital technology. Projects like these usually take much longer to realize, but processes are being improved and standards established to accelerate project execution, in close cooperation with industry. This is an important building block for the digitalization of the railway network within the framework of the DSD programme.
- SCI = Standard Communication Interface, which is the interface between the interlocking unit (ESTW central - IXL)) and ETCS control center (OCC)

About Hitachi Rail

Hitachi Rail is a fully integrated, global provider of rail solutions across rolling stock, signalling, service & maintenance, digital technology and turnkey solutions. With a presence in 38 countries across six continents and over 12,000 employees, our mission is to contribute to society through the continuous development of superior rail transport solutions. We are proud of our global achievements, from our world -famous 'bullet trains', to our signalling solutions and turnkey projects, state--of-the-art traffic management and digital solutions. Drawing on the wider Hitachi Group's market-leading technology and research-and-development capabilities, we strive for industry leading innovations and solutions that can deliver value for customers and sustainable railway systems that benefit wider society.

For information about Hitachi Rail, visit www.hitachirail.com.


Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comDeutsche Bahn and the German Federal Railway Authority has witnessed a series of functional and operational tests that proved Hitachi Rail's capability to adapt its digital interlocking product to German specifications and standards.

Look Who’s Making Their Finovate Debuts Next Month in London at FinovateEurope

In addition to many of the familiar faces who will be returning to London next month for FinovateEurope, this year’s conference also will feature a sizable number of newcomers to the Finovate stage. Here’s a brief introduction and welcome to these FinovateEurope speakers to whet your appetite for what we have in store on both Read more...

The post Look Who’s Making Their Finovate Debuts Next Month in London at FinovateEurope appeared first on Finovate.

Indonesian Lenders Ride the Digital Banking Momentum

Indonesia’s banking industry is on the verge of a revolution as a new breed of digital banks looks to capitalize on the country’s large population of unbanked and underbanked, and

The post Indonesian Lenders Ride the Digital Banking Momentum appeared first on Fintech Singapore.

Bank Negara dreams big for digitalizing Malaysia

Malaysia’s central bank calls for an open data ecosystem and the digital infrastructure to make this possible.

The post Bank Negara dreams big for digitalizing Malaysia appeared first on Digital Finance.

Hitachi to Strengthen Business Structure for Further Growth through Digital, Environment, and Innovation

TOKYO, Feb 2, 2022 - (JCN Newswire) - Hitachi, Ltd. (TSE: 6501) today announced that as of April 1 2022 it will strengthen business structure in order to further evolve the Social Innovation Business and achieve growth with a focus on digital, environment and innovation in its next Mid-term Management Plan.


1. Accelerating Growth through Digital, Environmental, and Innovation

(1) Achieving Growth by Accelerating Digitalization
Hitachi will establish a structure, led by Hitachi Digital LLC(*1) based in North America, to create and implement global digital strategies that cut across the entire Hitachi Group, and to accelerate growth through digitalization. EVP Toshiaki Tokunaga, who will take charge of Digital Systems & Services sector, will serve as Chairman, and Jun Taniguchi (currently President of Hitachi Global Life Solutions, Inc.), who has been involved in promoting DX in the control platform business and the digitalization of the home appliance business, will be appointed CEO.

In addition, two leaders will join the management of Digital Systems & Services sector to strengthen structures to drive the global growth of the digital businesses. Shashank Samant, CEO of GlobalLogic, while leading co-creation and digital business by leveraging GlobalLogic's digital engineering capabilities, will also serve as an Executive Advisor to EVP Tokunaga to support the development of the Hitachi Group's overall digital business growth strategy. And Gajen Kandiah, CEO at Hitachi Vantara LLC, will undertake a concurrent position as Chief Digital Transformation Officer in charge of Digital Systems & Services business. He will apply insights of the cloud and data applications, which are the core strengths of Hitachi Vantara, to expand the Hitachi Group's service business, and to transform the Group as a whole into a world-class digital solution provider.

Through these initiatives, Hitachi will expand Lumada business and accelerate the growth through DX globally.

(2) Achieving Growth by Accelerating Environmental Strategies
In order for the Hitachi Group to grow and contribute to sustainability as part of efforts to achieve a decarbonized society and a circular economy, VP Lorena Dellagiovanna will be appointed to the newly created position of Chief Sustainability Officer, and will hold concurrent positions as Head of Environment(*2) and Chief Diversity & Inclusion Officer (CDIO). By leveraging her broad-ranging network of contacts in the European political and industrial arenas, Hitachi will create and implement global environmental strategies to accelerate activities aimed at achieving long-term environmental targets while maintaining comprehensive attention to sustainability. At the same time, it will seek out business opportunities and lead in the creation of value for the Group as a whole with a focus on the environment, while achieving sustainable growth through GX(Green Transformation).

(3) Achieving Growth by Investing in Innovation
Hitachi will create and implement investment strategies aimed at creating innovations by back-casting from 2050. A new Innovation Growth Strategy Division will be established(*3) to accelerate growth throughout the Hitachi Group as a whole, with President Keiji Kojima holding a concurrent position as General Manager. This Division will strengthen ties with R&D groups, startup companies, and other entities, undertaking strategic investments to bring about innovations through new technologies and business models, and will lead the next stage of growth for Hitachi.

2. Accelerating Growth by Simplifying Management

To accelerate management and succeed in global competition, Hitachi will simplify the management structure based on three sectors: Digital Systems & Services; Green Energy & Mobility; and Connective Industries. Even as it maintains the current BU structure, it will strengthen ties among divisions with similar business attributes, and strive to secure a top global position by accelerating growth through digital, environment, and innovation.

3. Strengthening the Management Base

(1) Strengthening Risk Management Structures
To ensure that Hitachi can respond quickly and comprehensively to the various risks that the Group will face as it strives for growth on a global scale, current SVP CFO Yoshihiko Kawamura will be appointed EVP, and will also hold a concurrent position as Chief Risk Management Officer (CRMO). By establishing a function under the CRMO to collaborate across related divisions in regions throughout the world and to evaluate business risks and opportunities, and by strengthening structures to enable integrated decision-making, Hitachi will respond proactively not only to natural disasters and geopolitical risks, but also to risks involving compliance, security, and elements of the supply chain such as quality and procurement. In this way, the company will strive to put in place a robust management foundation.

(2) Further Promoting Diversity and Inclusion (D&I)
Hitachi sees D&I as sources of innovation and engines that drive global growth. It assigns diverse individuals to positions where they are able to make use of their unique knowledge and experiences, and to fully demonstrate their capabilities. Hitachi will actively fill key positions with diverse talent, including women, non- Japanese, and individuals with backgrounds outside of the Hitachi Group, such as Lorena Dellagiovanna, Gajen Kandiah, and Yoshihiko Kawamura, to achieve further growth on a global scale.

(*1) To strengthen the functions of the current Hitachi Global Digital Holdings LLC, the company's name will be changed to Hitachi Digital LLC (tentative name at present).
(*2) The current title of Chief Environmental Officer will be changed to Head of Environment.
(*3) The current Future Investment Division and Corporate Venturing Office will be combined to form Innovation Growth Strategy Division.

About Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, contributes to a sustainable society with a higher quality of life by driving innovation through data and technology as the Social Innovation Business. Hitachi is focused on strengthening its contribution to the Environment, the Resilience of business and social infrastructure as well as comprehensive programs to enhance Security & Safety. Hitachi resolves the issues faced by customers and society across six domains: IT, Energy, Mobility, Industry, Smart Life and Automotive Systems through its proprietary Lumada solutions. The company's consolidated revenues for fiscal year 2020 (ended March 31, 2021) totaled 8,729.1 billion yen ($78.6 billion), with 871 consolidated subsidiaries and approximately 350,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.


Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comHitachi, Ltd. (TSE: 6501) today announced that as of April 1 2022 it will strengthen business structure in order to further evolve the Social Innovation Business and achieve growth with a focus on digital, environment and innovation in its next Mid-term Management Plan.

How Much Does it Cost to Develop an On-Demand Courier Delivery App or Package Tracking App?

How Much Does it Cost to Develop an On-Demand Courier Delivery App or Package Tracking App? Nowadays, the extreme focus of modern businesses is to reach customer expectations and maintain transparency in delivering services. Everything...

CITIC Telecom CPC Appointment of New Chief Executive Officer

HONG KONG, Jan 31, 2022 - (ACN Newswire) - CITIC Telecom International CPC Limited (CITIC Telecom CPC), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited ("CITIC Telecom", "the Group", SEHK: 1883), is pleased to announce that Mr. Brook Wong (Ching Wa, WONG), Vice President of CITIC Telecom has been appointed to the additional role of Chief Executive Officer of CITIC Telecom CPC effective 1st February, 2022, succeeds Mr. Esmond Li who has decided to retire and step down from CEO of CITIC Telecom CPC after over 20 years of service in the Group.

Mr. Brook Wong has been appointed as CEO of CITIC Telecom CPC

"Mr. Wong has long been a visionary in telecommunications, applying his tremendous insight, depth of experience, and passion for technology to the cause of creating the innovative and intelligent future," said Mr. Frank Cai, Vice Chairman of CITIC Telecom CPC. "We are delighted to welcome Mr. Wong to CITIC Telecom CPC, and I'm confident that he will lead the team to continue pursuing our motto "Innovation Never Stops" and to win in this fast changing, dynamic industry. I believe that all of us will benefit from his leadership and expertise."

Mr. Wong is the Vice President of CITIC Telecom, overseeing China market since 2008. He has extensive leadership experience working with various telecommunications companies. An expert in developing and executing strategies for the Greater China market. His ability to see the big picture, from crucial market development to macro strategic perspectives, will be invaluable to CITIC Telecom CPC's customers.

"I am honored and truly proud to be appointed to lead CITIC Telecom CPC. Under all the former managements' leadership and accomplishments, together with its innovation, technology and talents, it lays a solid foundation for a leading DICT service partner around the globe. We are committed to delivering the most innovative and intelligent solutions to propel the ICT industry forward," said Mr. Wong. "Over the 14 years I have worked at CITIC Telecom, I have seen the many ways in which our people, product and service creating a rapid growing and innovative company. I look forward to working closely with the management and the team, to continue promoting our company culture of "Unity, Collaboration, Tolerance and Caring", to lead and accelerate CITIC Telecom CPC to be "Best-in-class Global-Local Intelligent DICT Service Partner", to foster customer-oriented corporate culture, create win-win situation with our partners, and strive for new heights."

About CITIC Telecom CPC

We are CITIC Telecom International CPC Limited ("CITIC Telecom CPC"), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), serving multinational enterprises the world over by addressing their specific ICT requirements with highly scalable tailored solutions built upon our flagship technology suites, comprising TrueCONNECT(TM) private network solutions, TrustCSI(TM) information security solutions, DataHOUSE(TM) cloud data center solutions, and SmartCLOUD(TM) cloud computing solutions.

With the motto "Innovation Never Stops," we leverage innovative technologies, embracing AI, AR, Big Data, IoT, and other cutting-edge emerging technologies to transform technical potential into business value for our customers. As an enterprise digital transformation partner, we strive to help our customers achieve industry-leading positions, high agility, and cost-efficiency through digitalization.

With our Global-Local capabilities, we are committed to providing our customers with one-stop-shop ICT solutions with superior quality. Having a worldwide footprint across 160 countries, including Asia, Europe and America, Africa, the Middle East, and Central Asia, our global network resources connect over 160 points of presence (POPs), 19 Cloud service centers, 30+ data centers, and two dedicated 24x7 Security Operations Centers (SOCs). As one of the first managed service providers in Hong Kong to achieve multiple ICT-related certifications, including ISO 9001, 14001, 20000, 27001, and 27017, we offer local professional services, superior delivery capabilities as well as exceptional customer experience and best practices through our global presence and extensive industry know-how, becoming a leading integrated intelligent ICT service provider to enterprise customers. For more information, please visit www.citictel-cpc.com

Media Contact:
Catherine Yuen
CITIC Telecom CPC
+852 2170 7536
Email: [email protected]

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comCITIC Telecom International CPC Limited (CITIC Telecom CPC), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited ("CITIC Telecom", "the Group", SEHK: 1883), is pleased to announce that Mr. Brook Wong (Ching Wa, WONG), Vice President of CITIC Telecom has been appointed to the additional role of Chief Executive Officer of CITIC Telecom CPC effective 1st February, 2022.

HGS to Acquire Diversify Offshore, Australia

Acquisition to open up ANZ as a new client market Addition of 1,100+ domain experts and 4 delivery centers in Philippines BANGALORE, India–(BUSINESS WIRE)–#Acquisition–Hinduja Global Solutions Ltd. (HGS) (Listed on NSE & BSE, India) has announced that its subsidiary, HGS International Mauritius, has entered into a definitive agreement to acquire 100% equity stake in Diversify […]

The post HGS to Acquire Diversify Offshore, Australia appeared first on Fintech News.

Electronic Money Institution (EMI) – License, Definition, Software

An electronic money institution (EMI) is a symbol of the evolution of financial services. Such institutions are best known for e-money disbursement and payment intermediation, which contribute to the total value of digital payments around $6,752,388 in 2021 and is expected to hit $10,715,390 by 2025. So, it is crucial to understand what EMI Institutions […]

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Singapore Maintains Position as ASEAN’s Hub for Cross-Border E-Commerce Platforms

Across the Association of Southeast Asian Nations (ASEAN), Singapore has become the central hub for cross-border e-commerce platforms, favored by industry players for the forward-looking planning and deployment by the

The post Singapore Maintains Position as ASEAN’s Hub for Cross-Border E-Commerce Platforms appeared first on Fintech Singapore.

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