Technology Archives - Zxcoachoutlet

Business Leaders from Finance, Technology, Retail and Hospitality Call For Civility and Patience Ahead of The 2020 Election | News

October 14, 2020

WASHINGTON, Oct. 14, 2020 /PRNewswire/ — In partnership with the Leadership Now Project, more than 50 of our nation’s business leaders released a statement: “America Has Held Successful Elections Amid Crises Before. We Can and Must Do So Again,” which underscores the importance of maintaining confidence in an election held during an unprecedented health crisis. Signatories include Greylock Partner and LinkedIn Co-Founder Reid Hoffman, D. E. Shaw & Co. Managing Director Eddie Fishman, The Baupost Group CEO Seth Klarman, Lumi Labs Co-Founder and former Yahoo CEO Marissa Mayer, Harvard Business School Professor Michael Porter, General Assembly CEO Lisa Lewin, KIND Snacks Executive Chairman Daniel Lubetzky and K1 Capital Management CEO Neil Malik, among other leaders.

With an unprecedented number of Americans voting by mail because of the pandemic, officials have consistently stressed that we may not know the outcome

Wunong Net Technology Seeks $37 Million U.S. IPO (Pending:WNW)

October 8, 2020

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Quick Take

Wunong Net Technology Company (WNW) has filed to raise $37 million in an IPO of its ordinary shares, according to an F-1 registration statement.

The firm sells food products via its website connecting food producers with consumers.

WNW has seen a sharp revenue growth slowdown due to the Covid-19 pandemic, so continued uncertainties lead me to stay on the sidelines for the IPO.

Company and Technology

Shenzhen, China-based Wunong was founded to create a food marketplace website that sells agriculture products to a variety of end users such as consumers, restaurants, lodging facilities and others.

More recently, management has opened a restaurant and seeks to create a franchise business model, with agreements signed for 25 restaurants in the Shenzhen area.

The restaurant initiative has been delayed due to the Covid-19 pandemic but management plans to actively deploy its ‘restaurant expansion and franchising plans beginning the third quarter of

Boom Supersonic Rolls Out Demonstrator Aircraft in Bid to Break Sound Barrier | Technology News

October 7, 2020

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(Reuters) – Boom Supersonic on Wednesday unveiled its first demonstrator aircraft X-B1, which is scheduled to begin flight testing next year, in a milestone for the U.S. startup planning a commercial airliner that can conquer the sound barrier.

A handful of U.S. companies https://fr.reuters.com/article/us-airplane-supersonic-airports-idUSKCN1SL2IF are vying to bring back supersonic passenger travel which died out with the Anglo-French Concorde’s retirement in 2003.

Today’s planned supersonic jets, while quieter and more fuel efficient than the Concorde, are under pressure from environmentalists and airports to meet noise levels and carbon emissions standards for conventional planes.

Denver-based Boom said in a release that XB-1 will undergo a carbon-neutral flight test program which is to start next year in Mojave, California.

XB-1 has a 71 foot-long (21.6 m) fuselage, a carbon-composite airframe and three GE-designed J85-15 engines, the statement said.

The aircraft’s first flight is targeted for the backhalf of 2021, with entry-into-service of

Israeli VC OurCrowd, UAE’s Al Naboodah to partner on technology

October 6, 2020

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TEL AVIV, Oct 6 (Reuters) – Israeli venture investment firm OurCrowd signed a memorandum of understanding with Phoenix, a business development company, to increase business and technology ties between Israel and the United Arab Emirates, the firms said on Tuesday.

This is a further development in economic collaboration after Israel and the UAE last month signed an historic agreement to normalize ties.

OurCrowd, which has $1.5 billion of committed funding, will support UAE-based startups seeking growth and development in Israel as well as those seeking to collaborate on innovation.

Phoenix, spearheaded by Abdullah Saeed Al Naboodah, chairman of Al Naboodah Investments, will serve as an investment platform for individuals and family offices in the Gulf seeking to invest in Israeli technology.

It will also introduce OurCrowd to Gulf-based startups with the aim of raising investment through OurCrowd’s crowdfunding platform. Phoenix will also assist Israeli startups with potential partners in the

Sangy Vatsa Named Chief Technology And Digital Officer Of FIS Global

October 5, 2020

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FIS Global has named Sangy Vatsa executive vice president, chief technology and digital officer. FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Annually, FIS facilitates the movement of roughly $9 trillion around the world and processes about 75 billion transactions. FIS serves 90 percent of the top 50 global banks and is the top merchant acquirer in the world by volume, according to the Nilson Report. The company has 55,000 employees worldwide.

Vatsa joins from Comerica Bank, where he was the chief information officer. — FIS Global’s new Chief Technology and Digital Officer Sangy Vatsa

Credit: FIS Global

As global chief technology and digital officer, Vatsa will partner with leaders across the company and throughout the industry to lead technology strategy, innovation and transformation for FIS. He has been assigned the responsibility to lead FIS’ technology transformation program globally in close partnership with internal and external stakeholders. This digital modernization program will be comprised of

Bank of Thailand Launches World’s First Government Savings Bond on IBM Blockchain Technology

October 5, 2020

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$1.6B USD in government savings bonds were successfully sold within a week of launch

BANGKOK, Thailand, Oct. 5, 2020 /PRNewswire/ — SIBOS — IBM (NYSE: IBM) today announced that Bank of Thailand (BOT), the central bank, has successfully launched the world’s first blockchain-based platform for government savings bonds issuing a total of $1.6B USD within two weeks.

IBM Corporation logo. (PRNewsfoto/IBM)

Leveraging blockchain technology on the highly secured IBM Cloud, the platform allows investors to benefit from speedy bond issuance, reducing a process that previously took 15 days to two days. The efficiency provided by blockchain also reduces operational complexity and the overall cost of issuing bonds.

According to The Thai Bond Market Association, the outstanding Thai bond market stood at $421B USD as of December 2019. Government bonds dominate the Thai market, with outstanding value of $157B USD in 2019 ¹, accounting for 37% of the

How is Technology Changing the Insurance Industry?

September 30, 2020

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Technology is increasingly changing the way insurers operate.

FREMONT, CA: The insurance industry is modernizing itself by equipping its arsenal with a large array of innovations. Technology has been transforming almost every dimension in the world, and insurance is certainly not an exception. The expectations of insurance customers are evolving continuously. In addition to this, the requirements of the high tech infrastructure and the operational ecosystem are also shifting in accordance with the modern days and demands. This is where new and advanced conceptualizations and features of technology gain an increased amount of importance.

The new technological integrations with the paradigm of insurance is enabling the industry to move its business culture and operational strategies towards a customer-centric ground. This further would help the insurance industry in achieving a better and bigger value of operational excellence. Technologies such as AI and IoT are providing insurance companies with automation features. Processes

Tokio Marine Indonesia Implements Shift Technology To Fight Auto Insurance Fraud

September 29, 2020

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Shift’s Force Fraud Detection Solution to Support Insurer’s Overall Fraud Fighting Initiatives

PARIS and BOSTON, Sept. 29, 2020 /PRNewswire/ — Shift Technology, a provider of AI-native fraud detection and claims automation solutions for the global insurance industry, today announced that PT Asuransi Tokio Marine Indonesia (“Tokio Marine Indonesia”) has deployed Shift Technology’s Force fraud detection solution. As a result, the technology will become a crucial element in the insurance carrier’s overarching fraud prevention strategy.

Shift Technology (PRNewsfoto/Shift Technology)

Tokio Marine Indonesia is one of the largest general insurers in the country. Guided by its core mission “To be a Good Company” and driven by values that put customer satisfaction as a main priority, the insurer was seeking a solution that could serve a dual purpose and not only spot suspicious claims, but also help give claims professionals more confidence in rapidly processing legitimate claims. Utilising this technology benefits the

Toshiba Plans to Exit Money-Losing LSI Chip Business | Technology News

September 29, 2020

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TOKYO (Reuters) – Toshiba Corp on Tuesday said it will exit the money-losing system LSI chip business as the Japanese conglomerate aims to boost the group’s profit margins.

The chip business includes image recognition processors supplied to Toyota Motor Corp, although Toshiba said it would continue sales and support operations for existing customers.

Toshiba plans to relocate or offer early retirement options to 770 employees at its system LSI business, a step that will cost the Japanese company 11.8 billion yen ($111.77 million) but has already been factored in its earnings outlook. However, its power management chip business will be retained.

The company said in a statement it decided to withdraw and “establish a solid business structure not easily affected by market fluctuations; one that is sustainable even during the continuing U.S.-China trade conflict.”

Toshiba sold its prized flash memory business, now Kioxia Holdings Corp, to a consortium led by

Micron Technology Placed on Citi Negative Catalyst Watch

September 28, 2020

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A Citi analyst on Monday opened a negative catalyst watch on shares of Micron Technology (MU) – Get Report, a day before the semiconductor company is scheduled to report fourth-quarter earnings.

Shares of the Boise, Idaho, company at last check were up 0.4% at $49.31.

Analyst Christopher Danely, who has a sell rating on the shares with a $35 price target, said he expected Micron to report sales below guidance of $6 billion but in line with his $5.5 billion estimate due to what he called a double dip in DRAM.

The analyst also expects the stock to trade lower on the report and would be more constructive on the stock in the mid $30s, according to The Fly.

Last week, TheStreet.com Founder Jim Cramer said on CNBC that “Micron’s core DRAM business could be saved by their disk drive business, but I don’t see the stock