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Infosys Collaborates with Commerzbank to Transform its Trading Ecosystem

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7 months ago

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Consolidation on a unified Murex platform helps the bank accelerate its digital transformation journey by driving system efficiency and cost effectiveness

BENGALURU, India, May 28, 2024 /PRNewswire/ — Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it collaborated with Commerzbank, a leading German bank, and Murex, the global leader in trading, risk management and processing solutions for capital markets, on a successful go-live of a consolidated, unified trading platform that streamlines the bank’s business processes and IT landscape. This joint project has enabled Commerzbank to consolidate FX, FX derivatives, equity, and commodities onto Murex’s integrated MX.3 platform, thereby simplifying its operations, cutting costs, speeding up time to market, and preparing for future challenges.

Within the project, Infosys supported Commerzbank in optimizing utilization of Murex’s comprehensive suite of solutions and services and carried out development, integration, testing & migration, alongside go-live and aftercare support. Through this collaboration, Commerzbank’s trading operations saw substantial improvements. It also helped in the simplification of their technology landscape, while reducing the cost of managing multiple servers and platforms, ultimately laying the foundation for business growth and scale.

Sebastian Kauck, CIO Corporate Clients, Commerzbank, said, “The successful platform consolidation is a major achievement after three years of hard work. Throughout this project, the collaboration of our internal teams with Murex, Infosys and other external partners has always been an integral part to its success. The new setup enables Commerzbank to significantly enhance process efficiency and simultaneously reduce costs. Additionally, it lays the foundation for future business growth as adapting to market changes can be done more swiftly.”

“Murex is proud to support Commerzbank in this model simplification journey,” said Luc Testud, Murex Managing Director, Central Europe. “This creates the opportunity for future expansion through an integrated cross-asset platform, accelerating time to market to innovate and enabling further steps of digitalization.”

Dennis Gada, Executive Vice President, and Global Head of Banking & Financial Services at Infosys, said, “We are delighted to collaborate with Commerzbank on their digital transformation journey towards a unified Murex platform for multiple asset classes. This consolidation has empowered Commerzbank to improve time to market, streamline operations, simplify the current technology landscape, promote standardization, and effectively manage regulatory changes while cultivating sustainable growth. This transformation has paved the way for future modernization and digitization of the bank.”

About Infosys

Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.

Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, our ability to attract and retain personnel, our transition to hybrid work model, economic uncertainties, technological innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2023. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

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Cainiao deploys latest L4 autonomous delivery vehicle for public roads

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37 minutes ago

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January 6, 2025

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HANGZHOU, China, Jan. 6, 2025 /PRNewswire/ — Cainiao, a global leader in e-commerce logistics and logistics technology, has recently launched its latest L4-level autonomous vehicle for public roads – the Cainiao Autonomous Vehicle GT Pro. This marks the first major upgrade since the debut of the Cainiao GT in 2024. The GT Pro brings significant improvements across various aspects, including design, range, algorithm optimization and interactive features.

With dimensions of 3694mm in length, 1299mm in width, and 2200mm in height, the GT Pro is comparable in size to a compact passenger vehicle, making it adaptable to a wide variety of road scenarios. The vehicle offers a cargo space of 5 cubic meters, with the capacity to carry 600 to 800 parcels per trip. It boasts an impressive 180-kilometer range, ensuring long-distance efficiency for deliveries.

The GT Pro comes with several design enhancements compared to its predecessor. Notably, it features an interactive front light display that allows the vehicle to communicate its working status across various scenarios. Additionally, the sensor suite has been upgraded, now incorporating one LiDAR and eleven high-definition cameras in a multi-sensor fusion system. This improved setup boosts the vehicle’s environmental perception, enhancing its ability to accurately and reliably detect and respond to its surroundings during operation.

Cainiao is one of the first logistics companies in the industry to invest in autonomous delivery vehicle research and operations. Over the past decade, the company has accumulated more than 5 million kilometers of real-world driving experience across closed, semi-closed, and public roads, delivering over 40 million parcels using autonomous vehicles. This extensive experience positions Cainiao as an industry leader in autonomous logistics.

Since the introduction of the Cainiao GT in 2024, by December 2024, the vehicle had reached customers across over 10 provinces in China, including Zhejiang, Shandong, Henan, Shaanxi, Anhui, and Jiangsu. It was deployed in more than 30 counties and municipal-level regions, receiving widespread acclaim from customers for its efficiency and reliability.

Looking ahead, Cainiao plans to advance its technology from high-precision maps to map-free navigation, further expanding the commercial potential of autonomous vehicles. Additionally, the company is exploring new use cases such as supermarket deliveries, and other scenarios, while also developing more customized GT Pro models to meet the diverse needs of various business applications.

About Cainiao Group

Founded in 2013, Cainiao Group is a global leader in e-commerce logistics. Drawing on our deep e-commence insights, purposely built technology and a proven commitment to sustainability, we offer three core services, including global express, global supply chain, and logistics technology solutions. 

With a network that spans over 200 countries and territories worldwide, our global express division excels in various segments, including cross-border express delivery and nationwide express services in markets such as China, Europe, and the Americas.

With a long-term mission to achieve nationwide delivery within 24 hours and worldwide delivery within 72 hours, Cainiao Group bridges global markets, empowering businesses and individuals to seize global trade opportunities.

For more information about Cainiao, please visit cainiao.com.

View original content:https://www.prnewswire.com/news-releases/cainiao-deploys-latest-l4-autonomous-delivery-vehicle-for-public-roads-302342770.html

SOURCE Cainiao

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Planet Classroom: Masters of Film Playlist, Isadora Duncan, and AI Career Insights

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37 minutes ago

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January 6, 2025

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New Playlist Celebrates Filmmaking Masters, Modern Dance Icons, and AI-Driven Careers Planet Classroom’s January 2025 Releases: Youth-Curated Stories for a Rapidly Changing World

NEW YORK, Jan. 6, 2025 /PRNewswire-PRWeb/ — Since its launch during the height of the pandemic, Planet Classroom has evolved into a global youth-led platform for creative expression, offering digital content for creators and innovators tackling today’s challenges and solutions. With over 135,000 subscribers and 40 cultural curators worldwide, Planet Classroom continues to expand its influence, presenting transformative stories and powerful ideas.

This January, Planet Classroom introduces Masters of Film, a new playlist celebrating acclaimed filmmakers from their earliest beginnings, including their time in film school, to their rise as creative pioneers. By showcasing works like Terry deRoy Gruber’s Not Just Any Flower, directed under the mentorship of Martin Scorsese, this series inspires today’s storytellers to learn from the greatest teachers of the past.

In addition, Planet Classroom proudly announces its collaboration with the Isadora Duncan Dance Company, bringing the timeless artistry of modern dance to a global audience. This partnership debuts with the captivating short film Lori Belilove Performs The Revolutionary, celebrating Duncan’s modern dance legacy and ensuring her revolutionary contributions continue to inspire future generations of creators.

Finally, the platform’s popular AI for a Better World series returns with Michael B. Horn’s episode, Future-Proof Your Career: Michael B. Horn on Navigating Jobs, AI, and Learning, delivering practical insights on navigating the evolving workforce and the role of lifelong learning in an AI-driven world.

Spotlight on Three Remarkable Releases

Masters of Film: Not Just Any Flower

Directed by Terry deRoy Gruber under the mentorship of Martin Scorsese, this surreal short comedy explores creativity born from chaos. A whimsical journey of inspiration and miscommunication, the film is part of the Museum of Modern Art’s (MoMA) permanent collection, cementing its place as an artistic classic.

Lori Belilove Performs The Revolutionary

Planet Classroom’s collaboration with the Isadora Duncan Dance Company brings Duncan’s legacy to life for a new generation. The debut short film showcases Belilove’s emotive interpretation of Duncan’s iconic work, blending its bold choreography with a contemporary lens.

AI for a Better World: Future-Proof Your Career: Michael B. Horn on Navigating Jobs, AI, and Learning

In this insightful episode, Michael B. Horn joins C.M. (Cathy) Rubin to discuss career innovation in an AI-driven world. Horn provides actionable strategies for lifelong learning, aligning personal goals with work, and thriving in today’s evolving job market.

January’s Full Lineup

In addition to these spotlighted titles, Planet Classroom presents a diverse range of films and performances:

Lars-Erik Larsson: Concertino for Trombone and String Orchestra, Op. 45 – A stunning classical performance from Bard College’s musicians.Please in Spanish – Directed by Patricia Seely, a heartfelt exploration of cultural identity and generational connection.5678 With a Chance of a Hurricane – Directed by Gunta Liepina Millere, a silent dance film celebrating movement amidst a storm.The Other You – Directed by Wadebe, a poignant story of dissociation and mental health.An AI Revolution in Calendar Management: Reclaim AI – Directed by Helen Cotrupi, showcasing cutting-edge productivity tools.Listening to Forests, Protecting Our Future – Produced by Michael O’Shea, a documentary on innovative rainforest conservation.Street Art Icons: Pioneers and Visionaries – Directed by Nikita Harris, a visual tribute to the legends of street art.

Curation Blueprint: A Mission for Lifelong Learning and Entertainment

Planet Classroom’s January releases exemplify its commitment to presenting youth-curated content that sparks creativity and critical thinking. Each title is carefully selected to engage audiences of all ages with transformative stories and innovative ideas.

“We believe in the power of youth to lead cultural change,” said C.M. (Cathy) Rubin. “Our January curation reflects the resilience, innovation, and artistic expression of young creators and thinkers who are shaping a better future.”

About Planet Classroom Network

Planet Classroom connects young changemakers with thought leaders and innovators to inspire global solutions. Through its acclaimed series Net Zero Speaks and Problem Solvers, the platform tackles critical issues such as climate change, sustainability, and technological innovation.

Media Contact

David Wine, Planet Classroom Network, +1 (212) 439-8474, david@cmrubinworld.com, https://www.cmrubinworld.com/

View original content:https://www.prweb.com/releases/planet-classroom-masters-of-film-playlist-isadora-duncan-and-ai-career-insights-302342649.html

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Xero Shoes Introduces the XB+ SmartShoe at CES 2025: Enhancing Running with Sensor-Powered Feedback

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37 minutes ago

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January 6, 2025

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The XB+ SmartShoe leverages sensor technology to guide runners toward optimal form and reduced injuries.

LAS VEGAS, Jan. 6, 2025 /PRNewswire-PRWeb/ — At the Consumer Electronics Show (CES) 2025, Xero Shoes is introducing the XB+ SmartShoe, a new footwear innovation featuring sensor technology that provides real-time feedback designed to address running form and reduce the risk of injuries.

The Challenge Traditional Footwear Has Yet to Overcome

Despite 5 decades of advancements in running shoe design, injury rates among runners have remained consistent, impacting 37-56% of runners annually. Traditional shoe manufacturers often attribute this to inherent high-impact forces during running. However, research suggests otherwise, according to Xero Shoes Co-Founder and Masters All-American sprinter Steven Sashen. “Poor running form, particularly overstriding and improper landing mechanics are the main culprit, sending excessive force into the joints.”

Minimalist Footwear: A Step in the Right Direction

Minimalist shoes are often promoted as a solution to these gait-related issues. They encourage natural movement by making poor running mechanics uncomfortable, leading to instinctive adjustments for many runners. However, minimalist shoes alone may not provide enough feedback to ensure consistent improvements in form.

Introducing the XB+ SmartShoe: Technology Meets Natural Movement

The XB+ SmartShoe combines the benefits of minimalist footwear with advanced sensing technology developed in collaboration with Boogio. According to Jose Torres, Co-Founder of Boogio, “The tech layer integrates a laboratory’s worth of motion testing equipment into a sleek insole with many applications.”

The shoe delivers biofeedback signals, such as audio cues through headphones, to help runners intuitively adjust their gait. By gamifying movement adjustments, the XB+ SmartShoe aims to make learning optimal running patterns engaging and effective.

Experience the XB+ SmartShoe at CES 2025

Attendees at CES 2025 are invited to experience the XB+ SmartShoe firsthand and explore how this innovation can support better running form and injury prevention.

For media inquiries, please contact Alexa Lampasona at alexa@xeroshoes.com or call 813-817-5282.

About Xero Shoes

Xero Shoes is a leading footwear company dedicated to promoting natural, healthy movement through minimalist shoe designs. The company’s mission is to help individuals rediscover the joy of movement, free from pain and injury.

Media Contact

Alexa Lampasona, Xero Shoes, 813-817-5282, alexa@xeroshoes.com, https://xeroshoes.com/

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