DataPost saving businesses time and resources

DataPost saving businesses time and resources

DataPost, Singapore's globally trusted leader in data security and automation, has announced the release of DataVio, its cloud-based solution for helping businesses automate the processing and extraction of valuable data from documents.

The launch of DataVio is part of DataPost's push towards offering more digital products and private cloud solutions to clients, while building on its heritage in secure data handling.

DataVio uses Optical Character Recognition (OCR) technology, which enables data to be extracted from printed or written text from a scanned document or image. The OCR converts data into a machine-readable form suitable for subsequent processing.

"Data is an inextricable part of a company's lifeblood. Instead of spending valuable resources for manual processing, DataVio helps you manage your time and maximize your efficiency in doing business by leveraging data," said Tommy Soh, General Manager of DataPost.

Instead of spending valuable time and effort capturing and inputting data manually, ensuring that the data entered is correct, and going back to amend incorrect data, DataVio takes care of this for you so you and your team can dedicate your efforts to more important aspects of your business.

DataVio accomplishes automated data processing in three steps: data extraction, intelligent data processing and output data in convenient formats.

Data extraction entails leveraging OCR technology and algorithms to obtain data from formats such as Word, PDFs and even images. You need only upload business documents into the DataVio web application from your browser. Intelligent data processing then allows you to customise rules to improve processing: DataVio's intuitive user interface/user experience (UI/UX) helps define data fields for this purpose.

Finally, DataVio helps convert extracted data into formats that fit your workflow. This solution imports data output files into your business applications (such as CRM) or files them for recording or compliance purposes.

"Data processing is necessary in every sector. DataVio provides digital solutions to real-world scenarios, where human error in data extraction and processing can occur," Soh said.

DataVio can be useful in various industries. In banking and financial services, DataVio can reduce human error on the part of company staff, with regards to client documents and application forms.

In the healthcare and medical industry, DataVio is a highly practical tool to have. Apart from preventing mistakes in data extraction, this solution helps prevent medical staff getting bogged down by paperwork instead of focusing on patient care.

DataVio can also be applied to higher education and learning institutions by digitising student records and GIRO applications, as payment collections will be facilitated more easily. In the legal and compliance industry, DataVio can speed up extraction of data from legal documents and necessary paperwork, while helping you stay competitive in a quickly digitalising landscape.

This solution was presented to businesses by SDH Group, a subsidiary of Adera Global, Singapore's foremost leader in automation and data security. The institution has under its belt 30 years of experience working with Fortune 500 companies on digital identification, payment solutions, automation and smart cards.

Soh said: "We at DataPost are committed to usher in businesses into the digital world through automation and data security. We also strive to help you enhance your business' performance in your industry. DataVio reduces the need for manual data processing, thereby improving your business' services."

Solace Joins AWS ISV Accelerate Program

Solace Joins AWS ISV Accelerate Program

Solace, the leading enabler of event-driven architecture for real-time enterprises, announced today that it has joined Amazon Web Services (AWS) Independent Software Vendor (ISV) Accelerate Program, a co-sell program for AWS Partners which provide software solutions that run on or integrate with AWS.

Solace's participation in the AWS ISV Accelerate Program allows the company to meet customer needs by working with the AWS Sales organization and providing better outcomes for AWS customers.

"We value our multi-year relationship with AWS as an important element of how we help customers implement real-time event streaming across their critical business operations," said Sumeet Puri, Chief Technology Solutions Officer, Solace. "We're excited to now offer our customers even more value by taking our work with AWS to the next level as part of the AWS ISV Accelerate Program."

PubSub+ Platform, available in AWS Marketplace, includes PubSub+ Event Broker, which streams information across cloud, on-premises and IoT environments; PubSub+ Insights, so customers can monitor and optimize the efficiency and performance of their event streaming; and PubSub+ Event Portal, so people across an organization can collaborate on the design, discovery and management of event streams, including those running in Amazon Managed Streaming for Apache Kafka (Amazon MSK).

With native, built-in integration and proven deployments leveraging AWS products and services like AWS Lambda, Amazon Simple Storage Service (Amazon S3) and Amazon MSK, PubSub+ Platform provides a comprehensive way to create, document, discover and stream all events from wherever they are produced to wherever they need to be consumed.

For example, a leading airline is using PubSub+ to leverage AWS services with on-premises systems so they can build sophisticated workflows and do things like update ground staff rosters in real-time when a given flight is boarding slowly. A public transportation agency in Asia uses PubSub+ to collect MQ Telemetry Transport (MQTT) messages that contain the location of over 5,500 buses and other status information, then forwards an actionable, filtered version of that data to AWS where the customer uses it to optimize passenger experience, schedule adherence and asset utilization.

An Australian financial services firm has long used Solace event brokers to distribute real-time information around the globe to improve their decision making, regulatory compliance and customer experience. Since deploying PubSub+ event brokers on AWS, the company has found that information moves faster between applications, cloud egress charges have dramatically reduced, and less integration with applications outside of its Virtual Private Cloud (VPC) has made the system less complex and more secure.

Solace helps large enterprises become modern and real-time by giving them everything they need to make their business operations and customer interactions event-driven. With PubSub+, the market's first and only event management platform, the company provides a comprehensive way to create, document, discover and stream events from where they are produced to where they need to be consumed – securely, reliably, quickly, and guaranteed. Behind Solace technology is the world's leading group of data movement experts, with over 20 years of experience helping global enterprises solve some of the most demanding challenges in a variety of industries – from capital markets, retail, and gaming to space, aviation, and automotive. Established enterprises such as SAP, Barclays and NASA, multinational automobile manufacturers such as Daimler, Groupe Renault and Groupe PSA, and industry disruptors such as the Singapore Land Transport Authority use Solace's advanced event broker technologies to modernize legacy applications, deploy modern microservices, and build an event mesh to support their hybrid cloud, multi-cloud and IoT architectures.

KoverNow B2C Mobile Insurance App

KoverNow B2C Mobile Insurance App

KoverNow, an insurtech start-up company based in Singapore, has announced that its first Android app is being launched today, along with an enhanced version of its existing iOS app, both providing an easy-to-use interface and services aimed at consumers living in Singapore.

With an upgraded user interface and a design aimed at its Millennial target audience, the new KoverNow app quickly and easily provides insurance cover for watches, jewellery, electronic devices, cameras and handbags. Always intuitive, this new version breaks new ground in delivering a user experience fit for contemporary lifestyles.

"Our developers have designed the app to be fast which means consumers can organise, monitor and change their insurance cover both easily and rapidly, whether they are using Android or iOS phones" said Stephan Kaiser, CEO of KoverNow. "And, to suit our audience, the look and feel of the new app is more goal-based without compromising on the simplicity and minimalism that characterised our original iOS version."

Amongst the new features included in the app is a dialogue feature, which will allow users to connect directly with KoverNow, if they have questions about any aspect of their insurance policy or cover. The new version will also introduce a charting function, allowing users to track the value of their cherished items inside the KoverNow 'Vault', whether those items are insured or not (these items can then be instantly insured at the touch of a button, or coverage removed just as easily).

The Android version of the app, like the existing iOS version, will initially offer insurance coverage through QBE Singapore, KoverNow's main insurance partner. KoverNow is also expected to announce that new categories will be added including Pet, eMobility and Travel before the end of the year.

"The customer journey in our new app has also been improved to make it more seamless and easier to use, reducing the number of steps that customers need to take to ensure their precious items are fully insured," Stephan Kaiser continued. "This enhanced customer experience reflects our understanding of what users are looking for: simplicity, speed, reliability and a great in-app experience. Given the high number of Android users in Singapore, where the app will be available, we are anticipating a significant number of downloads."

KoverNow's objective is to remove the complexity associated with purchasing and managing insurance policies. By eliminating onerous paperwork and delivering an efficient digital service that allows cover to be switched on or off when needed, the company believes it will appeal to a younger audience used to running their financial lives in real-time through their smartphones.

Founded in the UK in 2019, KoverNow is headquartered in Singapore, centered around its core markets in Asia Pacific with their large demographic base of highly educated and affluent millennials. The company´s digitally-enabled insurance platform dramatically improves the customer journey for purchasing and managing different types of personal insurance by streamlining processes, speeding up renewals, approvals and claims. The KoverNow platform can achieve these efficiency gains whilst providing transparency, speed and value to existing ecosystems, channel partners and policy holders. KoverNow's insurance platform provides features and functionality that reflect the changing consumer behavior of a younger demographic mix of policy holders that want control, flexibility and convenience in a truly mobile format.

Operations of the Singapore Stock Exchange

Operations of the Singapore Stock Exchange

The Singapore Stock Exchange (SGX) is among Asia's leading stock exchanges. Indeed, the SGX is one of the largest exchanges in the world, with a market capitalization of $1.49 trillion. The Stock Exchange is also the 6th largest in the world by market capitalization. In addition to its status as a leading stock exchange, the Singapore Stock Exchange is home to many of the world's largest companies. In fact, it hosts a third of the companies in the FTSE Global 500.

If you're venturing into the stock market for the first time, one of the first decisions you'll have to make is which stock exchange to choose. There are a few things you'll need to consider before making your final decision. First, consider the size of your company. If the company is small, you may want to consider a smaller stock exchange. This will help you avoid a lot of the paperwork and red tape involved with a larger exchange. If you're a larger company, you'll want to go with a larger exchange. A larger exchange means more liquidity, which means your shares will be easier to trade.

The Singapore Stock Exchange (SGX) is the main stock exchange in Singapore and is one of the three stock exchanges in Singapore. The other two stock exchanges in Singapore are the Australian Securities Exchange and the Tokyo Stock Exchange. The Singapore Stock Exchange owner is the Singapore Exchange (SGX). Thus the Singapore Exchange is the holding company of the Singapore Exchange Group, which is listed on the Singapore Exchange. The holding company is responsible for holding the issued shares in the Singapore Exchange and other companies.

The holding company takes charge of the management of the SGX group. The SGX group is made up of several companies, including the SGX Derivatives and the SGX Clearing. SGX Derivatives is an electronic stock exchange company that specializes in derivatives trading. Essentially, the SGX Clearing is a clearing house responsible for clearing the trades that are done on the SGX stock exchange. Investors looking to trade on the Singapore Stock Exchange (SGX) may want to know its opening, lunchtime, and closing times. It's important to learn about the stock exchange's operating schedule and when you can expect your orders to be executed. We'll also include how SGX differs from other stock exchanges in Asia.

Keep this in mind: In Singapore, the SGX's opening, closing, and lunch hours are similar to those in other countries in Asia such as Hong Kong. However, unlike other countries that close for lunch from 12 to 2 pm, the Singapore stock exchange doesn't close during this period. Instead, it is considered an unofficial break in trading activity. Indeed, many investors tend to go out or hold meetings at this time. Essentially, the Singapore stock exchange opens at 8:00 am and closes at 3:00 pm. However, on Friday, it's closed. This can be inconvenient for people who work full time during the week but don't have much free time on weekends. If you're one of these, make sure to check whether the day you plan on buying stocks falls on a public holiday or a weekend before making a purchase.

So, the Singapore Stock Exchange lunchtime is between 12:30 pm to 2 pm, with the rest of the day being a combination of trading hours and lunch breaks. Also, the Singapore Stock Exchange opens from 9:00 to 17:00 (Singapore time) on all weekdays except Saturdays, Sundays, and the first and third Mondays of each month. Overall, the Singapore stock exchange has a similar opening, lunchtime, and closing time to other Asian countries.

Since the Singapore Stock Exchange is open from 9:30 am to 4:30 pm, Monday to Friday. That means you can trade on the market for up to 13 hours a day. Thus, if your company's headquarters are located in Singapore, you will be able to trade stocks with the same opening times as those of other Asian countries such as Tokyo and Hong Kong. It's essential to keep track of these timings so that your orders can be completed within this timeframe.

A New York Times analysis recently indicated that the SGX announced a lower-than-expected profit for the quarter; evidently, the higher operating costs dragged down earnings. The SGX also announced it would spend an additional S$50 million ($35.5 million) over the next two years to attract listings from Chinese companies. Evidently, this includes setting up an office in Beijing and hiring more sales employees.

Similarly, a Reuters report recently indicated that the SGX would sell its stake in the Shenzhen Stock Exchange to HKEx. A Bloomberg News report added that the SGX would shift its focus on Asian companies, targetting China in particular. The report noted that "China is opening up the securities industry at a time when the city is already hit by slower growth. Such a decline was sparked by a property market cool-down and weakening regional demand.

Further, a recent Nikkei Asian Review article significantly reported that the SGX intends to strengthen its ties with the Shanghai Stock Exchange, the Hong Kong Exchanges and Clearing (HKEx), and the China Financial Futures Exchange (CFFEX).