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Global Times: Key meeting to have profound significance for China, world

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BEIJING, July 17, 2024 /PRNewswire/ — In one of his most recent public remarks regarding the third plenary session of the 20th Communist Party of China (CPC) Central Committee, Chinese President Xi Jinping said during a meeting with Hungary’s Prime Minister Viktor Orban in Beijing on July 8 that China will further deepen overall reform and promote high-quality development and high-level opening up, which will provide new opportunities and create new momentum for ChinaHungary cooperation. The remarks succinctly highlighted the focus of the critical session and its profound significance for both China and the world.

The third plenary session, which is commonly referred to as the third plenum, officially kicked off on Monday and will run through Thursday. As many in China and around the world are closely following the meeting for major reform measures for the world’s second-largest economy, Xi’s recent remarks on reform and opening-up at various major meetings provide a crucial window into the tone of the session, the priority of China’s reform agenda and the overall goal of further deepening reform and advancing Chinese modernization.

China’s institutional advantage with the firm leadership of the CPC Central Committee also inspires confidence in the Chinese system and China’s development, experts also noted.

While detailed reform measures won’t be unveiled till after the conclusion of the closed-door meeting, experts interviewed by the Global Times said the recent discourse by the top leader indicated that the session will draw a blueprint for reform on all fronts, with a focus on improving China’s governance system and capacity, removing the ideological and institutional barriers and resolving deep-seated institutional challenges and structural issues, so as to promote high-quality development and advance Chinese modernization.

Xi attaches great importance to comprehensively deepening reform, calling reform a “driving force for development,” and under Xi’s leadership, China will continue to unwaveringly deepen reform and expand opening-up, which will help ensure China’s high-quality development, while tackling risks and challenges arising from rapidly shifting global geo-economic situations, according to the experts.

Since a meeting of the Political Bureau of the CPC Central Committee on April 30 decided to hold the third plenum in July, Xi, also general secretary of the CPC Central Committee, has made important remarks regarding reform at various occasions, setting the tone for the ongoing session.

The Political Bureau meeting, chaired by Xi, further elevated the position of reform for the CPC and set the focus of reform. The whole Party must put reform in a prominent position and deepen reform in all respects with a focus on promoting Chinese modernization, the meeting said. More specifically, the meeting said that further comprehensive reform should be led by reform of the economic system, with advancing social equality and justice and improving people’s well-being as both the starting point and the ultimate goal, according to the Xinhua News Agency.

Since the 18th CPC National Congress in 2012, the CPC leadership has set a very clear path for reform that aims to both ensure sustained development and improve governance capabilities, according to Cong Yi, a professor at the Tianjin School of Administration.

“The goal is to achieve high-quality development and realize national rejuvenation through advancing Chinese modernization,” Cong told the Global Times, noting that under such a grand goal, the third plenum will focus on institutional and systemic reforms that address various challenges to pave the way to achieving the goal.

While chairing a symposium in Jinan, East China’s Shandong Province, on May 23, Xi said that China should take resolute steps to remove the ideological and institutional barriers hindering the advancement of Chinese modernization, and double down on its efforts to resolve deep-seated institutional challenges and structural issues.

Economic system reform should start from meeting realistic needs and tackling the most urgent matters, and should advance theoretical and institutional innovation in the process of solving practical problems, he added, according to Xinhua.

Xu Baoli, a research fellow at the research center of the State-owned Assets Supervision and Administration Commission of the State Council, said China’s reform focuses on addressing its own challenges to promote economic development, while expanding opening-up to the outside world.

“The key to reform is solving problems, and China has been focused on continuously solving its own problems,” Xu said, pointing to China’s efforts to build an advanced industrial system and boost innovation so as to achieve self-reliance. Meanwhile, to succeed, China must also mobilize all sectors, including private enterprises and foreign businesses.

China has also been stepping up efforts to bolster its scientific and technological innovation capabilities and support private and foreign businesses, key themes that are expected to be highlighted by the ongoing third plenum, analysts said. 

While presiding over the fifth meeting of the Central Commission for Deepening Overall Reform (CCDOR) on June 11, Xi stressed the importance of driving innovation with further opening-up, perfecting the system and mechanism for opening-up in the science and technology sector, and improving the globally-oriented innovation system to actively integrate into the global innovation network. The CCDOR meeting reviewed and adopted several documents, including Guidelines on Improving the Modern Corporate System with Chinese Characteristics, which aims to foster more world-class enterprises.

Since taking the top office more than a decade ago, Xi has attached great importance to comprehensively deepening reform, which has not only underpinned China’s high-quality development over the past decade or so despite global challenges, but also signaled continuous efforts to further deepen reform and expand opening-up in the future that will ensure China’s continuous high-quality growth.

During the two sessions in March, Xi sounded the clarion call for reform during the country’s annual key political season, dispelling concerns about whether China’s reform is “stagnating,” or its economy is “losing steam.”

Over the past decade, more than 2,000 reform measures have been rolled out, which helped, among a slew of social and economic achievements, China to more than double its economy since 2012, cementing China’s global status as a major growth driver, according to Xinhua.   

Xi has said that “reform and opening-up is always an ongoing task and will never end.” And the Political Bureau meeting on April 30 also said that China’s reform must continue in the face of complex international and domestic situations, a new round of scientific and technological revolution and industrial changes, and the new anticipation of the people.

As China is at a critical juncture marked by both domestic and global risks and challenges, including an ongoing economic transition and rising global tension and competition, China will further accelerate reform to address those challenges, experts said.

“The purpose of reform is to resolve problems, and amid many lingering challenges, China’s reform will always be ongoing,” Cong said, noting that there will always be new problems and new challenges in the process of development, and reform is the way to tackle these challenges and problems.

Continuously deepening reform requires confidence in the Chinese system. An article by Xi published by the Qiushi Journal on Tuesday said that there will be no courage to further reform without unwavering confidence in the system.

“Deepening reform needs institutional confidence,” Xu said, noting maintaining self-confidence and self-reliance and further deepening reform at its own pace will spur innovation and bolster self-strength.

 

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SOURCE Global Times

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CellPoint Digital Launches its APM Hub, Connecting Airlines and Travel Merchants to 168 Global Alternative Payment Methods

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Built to meet the needs of global travel companies and their customers, the APM Hub delivers fast, simplified access to critical alternative payment solutions in every market

LONDON, Sept. 25, 2024 /PRNewswire/ — CellPoint Digital, the leading provider of payment solutions to the airline industry and a global pioneer of Payment Orchestration, is launching its new APM Hub, a comprehensive suite of 168 global alternative payment methods (APMs) available to existing CellPoint Digital clients through a centralised contracting and onboarding process. Recognising the business-critical role APMs play for airlines and travel providers, the APM Hub streamlines and accelerates access to these important payment options, offering a faster time-to-market and simplified integration.

The APM Hub officially launches in early Q4 2024, giving CellPoint Digital customers access to 168 of the most critical alternative payment methods worldwide. By partnering closely with merchants, CellPoint Digital ensures a simplified, single-integration solution and built-in redundancy across its entire ecosystem, providing merchants with a more reliable and resilient payment infrastructure.

Latin America and the EU will be the first regions to go live, with further expansion into the Middle East, Africa, and Asia Pacific planned for late 2024 and continuing into 2025. Airlines such as Arajet, along with many others, are set to benefit significantly from the launch of the APM Hub, enhancing their payment capabilities and customer experience.

Tom Randklev, Global Head of Product at CellPoint Digital, said: “The launch of the APM Hub underscores the growing importance of APMs in what merchants need to offer. We’re committed to investing in these solutions today to help drive future business growth—for our partners and ourselves.”

Growing Demand and Opportunity for APMs in Travel

APMs, including digital wallets, cash vouchers, bank transfers, and Buy Now, Pay Later (BNPL), are rapidly gaining popularity with consumers worldwide. This surge in demand is prompting merchants across industries to offer more APMs to their customers, spurring innovation in the payments sector with new options continuously emerging.

The need to support APMs is especially urgent in the travel industry. According to CellPoint Digital’s airline payments report, Payments Come of Age, one in three full-service carriers (FSCs) and nearly half of low-cost carriers (LCCs) currently do not accept APMs. Moreover, three in ten airlines cited the lack of available APMs and regional payment methods as their biggest payment-related challenge.

CellPoint Digital’s new APM Hub is designed to help merchants in aviation and other travel sectors close these gaps by expanding the range of payment options they can offer travellers. By supporting local payment preferences, merchants can increase conversion rates, improve acceptance rates, and reduce cart abandonment.

The APM Hub will also enable faster and easier entry into new markets. Available to all CellPoint Digital clients and users of its Payment Orchestration Platform, the APM Hub offers access to global APMs through a single processing platform, with simplified contract addendums and partner click-through terms. CellPoint Digital provides support at every stage—from pricing and integration to onboarding and first-level customer service.

A Bridge for APM Providers to Connect with Leading Travel Brands

The hub opens new opportunities for APM providers to reach customers from many leading airline and travel brands. Head of Partnerships at CellPoint Digital, Andy Sale, said: “By consolidating all APMs into a single hub, we’ll drive greater adoption among our merchants and further solidify CellPoint Digital’s position as the go-to provider for APMs in the airline and travel industry”.

“We’re excited to lead the way and partner with leading players in the APM space, which we believe will quickly become a key player in the alternative payments ecosystem.”

For more information about CellPoint Digital’s APM Hub or to schedule an interview with Global Head of Product Tom Randklev, please get in touch with Steven Osei at steven.osei@cellpointdigital.com 

About CellPoint Digital   
CellPoint Digital is a fintech leader whose main solution is a Payment Orchestration Platform optimising digital payment transactions. Merchants can scale their payment ecosystem across the world, unify the customer payment experience across their website and other channels and optimise the routing of each transaction. Visit www.cellpointdigital.com to learn more. 

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SOURCE CellPoint Digital

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ScamAdviser to Enhance Scam Protection for Global Businesses with the World’s Most Powerful Anti-scam AI Engine

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AMSTERDAM, Sept. 25, 2024 /PRNewswire/ — ScamAdviser today announced a strategic integration with solutions from leading TrustTech company Gogolook, the developer of Whoscall, to combine cutting-edge risk analysis and tailored anti-scam technologies combating digital threats across phone numbers, SMS, and domains online. ScamAdviser’s extensive databases now comprise over 60 million domain records and 2.6 billion phone numbers, covering nearly all factors in digital scams and powering the most powerful anti-scam AI engine in the world.

Escalating Risks from AI-Driven Scams Targeting Businesses Worldwide

Recent Global Anti-Scam Alliance (GASA) research reveals that scams impact over 25.5% of the global population, with annual losses surpassing more than 1% of global GDP. LexisNexis reports that for every dollar lost to a scam by a customer, businesses incur costs up to four times higher due to the need to cover litigation, administration, and compensation. 

In response, Australia, the European Union, the United Kingdom, the United States, and Singapore have begun drafting regulations that require businesses to assume responsibility for customer scams and financial losses. These all demonstrated that scams have become a critical issue for businesses worldwide.

“The era of AI-driven scams has officially arrived,” said Jorij Abraham, Managing Director of ScamAdviser. “Strengthening anti-scam capabilities is now a top priority for businesses to ensure compliance, sustainability, and customer trust. As AI large language models become more accurate, the competitive edge in software will rely on key data access and specialized AI expertise. ScamAdviser’s Anti-Scam Intelligence (ASI) technology is central to our solutions, offering businesses and end-users real-time scam defense. ScamAdviser is creating the world’s largest anti-scam ecosystem, uniting over 400 government agencies, non-profits, and companies.”

Fortifying Business Scam Defense with ScamAdviser Solutions

To meet the growing demand for robust scam protection, ScamAdviser and Gogolook techniques merge into enterprise solutions, powering offerings including Anti-Scam Intelligence (ASI) Solutions, Watchmen Brand Protection service, and Identity Suite.

The ASI solution incorporates customized AI-driven anti-scam technology and a world-class scam data network into business operations, enhancing customer protection and safety. Companies can leverage these solutions through API or SDK integration to augment their existing products with advanced anti-scam capabilities or choose to have ScamAdviser directly support the creation of dedicated scam prevention services. The newly developed Deepfake Voice Detection System can identify and counter generative AI and Deepfake scams in real-time.

Watchmen Brand Protection service helps companies detect and block spoofed phone numbers, SMS, and websites, safeguarding their reputations and trust. Identity Suite uses big data to detect scams and dummy accounts, ensuring customer compliance, reducing risks, and maintaining service quality.

ScamAdviser’s technology is currently utilized by leading companies across sectors, including e-commerce, cybersecurity, and social media. Google also highlights TrustScore ratings for shoppers trying to learn more about a merchant online in several global markets. In addition, ScamAdviser offers free risk assessment services through websites for over 7 million monthly active users in Asia, Europe, and the Americas. This service will soon be available as a mobile app for users. 

Looking ahead, ScamAdviser is committed to building a global scam prevention ecosystem. Beyond integrating technology, the companies plan to drive anti-scam innovation and collaborate with governments, banks, NPOs, telecoms, and ISPs to establish a cross-border anti-scam ecosystem that addresses the evolving challenges of the AI era.

About ScamAdviser

ScamAdviser, a leading brand in global enterprise scam prevention solutions, based in Amsterdam, Netherlands. It provides global corporate clients with anti-scam technology implementation and consultancy services. Leveraging AI and a comprehensive database network, ScamAdviser has developed its own website risk rating technology. This technology is integrated with Gogolook’s enterprise scam prevention solutions and phone number database, creating the world’s most complete digital anti-scam database. 

ScamAdviser excels in implementing customized anti-scam technologies into corporate operations, helping clients protect consumers and stay ahead of global compliance trends. As a foundation member of the Global Anti-Scam Alliance, ScamAdviser’s partners and clients span across Europe, the Americas, and Asia, including law enforcement agencies, consumer protection organizations, financial institutions, telecom operators, cybersecurity service providers, and brand consultants. With the world’s largest scam database, we share insights with 400+ partners, collectively protecting more than 1 billion consumers worldwide.

For more information, please refer to: https://www.scamadviser.com 

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SOURCE ScamAdviser

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Polestar Solutions, the Leading AI & Analytics Company, Becomes Great Place to Work® Certified™ in India

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The Great Place to Work® Certification™ is the most definitive ’employer-of-choice’ recognition that companies aspire to achieve.  

NEW DELHI, Sept. 25, 2024 /PRNewswire/ — Polestar Solutions, the leading global AI & analytics solutions company that serves Fortune 1000 companies, startups and the government, announced today, that it has received the prestigious Great Place to Work® Certification™ in India (from September 2024 to September 2025). 

One of the most coveted ’employer-of-choice’ recognitions in the industry, the Great Place to Work® Certification™ reinforces Polestar Solutions’ commitment towards supporting its people, creating an exceptional workplace culture and it’s standing as one of the premier AI & analytics technology solutions employers, delivering excellence to customers.  

Commenting on the certification, Ajay Goenka, Co-Founder & CFO, at Polestar Solutions, said, “As the world continues to rapidly evolve, we recognize the importance of aligning our core values with those of our current and future employees so that they can develop their careers and succeed in an inclusive work environment. We are incredibly proud to share that we are a Great Place to Work® Certified™ organization. This certification underscores our vision of cultivating a workplace where our people – who are our biggest asset – feel valued, supported and inspired. We are committed to building a purpose-driven global organization and creating opportunities towards an empowered, inclusive and equitable work environment.” 

The Great Place to Work® Certification is the global authority on workplace culture and it is awarded to organizations that deliver excellent employee experiences and demonstrate best-in-class people practices based on a rigorous independent assessment process. As part of this assessment, Great Place to Work® measured the perceptions of Polestar Solutions’ employees using Great Place to Work® Trust Index© Employee Survey and understood the organization’s differentiating culture through the Culture Brief© and Culture Audit©. Based on the assessment by the Great Place to Work® Institute, Polestar Solutions scored exceedingly well, with a score of over 85 percent, on attributes such as High-Trust, High-Performance Culture™ – Credibility, Respect, Fairness, Pride and Camaraderie. 

“As we continue to grow and add value to our clients spread across North America, Asia Pacific, ANZ, and the UK, we are committed to consistently attracting world-class data scientists, engineers and consultants and focus on talent development. We are thrilled to be recognized as a Great Place to Work® Certified™ employer-of-choice; this coveted certification will go a long way as we focus on attracting and retaining the right talent. We plan to increase our headcount by three times in the US by the end of this year. Currently, Polestar Solutions has a team of over 600 employees globally and is committed to a 60 percent growth over the next year globally, taking its employee strength to 1000 employees,” said Asim Jamil, Head — Human Resources at Polestar Solutions. 

As Polestar Solutions helps clients navigate their digital transformation journey, it acknowledges that excellence comes from investing in its people and nurturing a workplace culture that champions fairness, equity, transparency and leadership. Learn how Polestar Solutions’ team across the globe makes an impact that matters: https://www.polestarllp.com/career  

About Polestar Solutions & Services Pvt. Ltd.

Founded in 2012 by Chetan Alsisaria (CEO & Co-Founder), Amit Alsisaria (COO & Co-Founder) and Ajay Goenka (CFO & Co-Founder), Polestar Solutions, provides industry-leading analytics & AI, data engineering, enterprise planning and Generative AI services to Fortune 1000 companies, startups and the government. Polestar Solutions works across various industries, including CPG & retail, manufacturing and pharmaceuticals, among others. Headquartered in Dallas, Texas, the company enables businesses across North Americas, Asia Pacific, ANZ, and the UK to navigate their digital transformation journeys and help succeed with their data.  

Find more information here: https://www.polestarllp.com/ 

About Great Place to Work® Institute 

Great Place to Work® Institute is a global management research and consulting firm dedicated towards enabling organizations to achieve business objectives by building better workplaces. The Great Place to Work® Institute works with over 10,000 organizations globally every year to help them create and sustain High-Trust, High-Performance cultures. Great Place to Work® also identifies & recognizes great workplaces across the globe through best workplaces lists. Everything they do is driven by the mission to build a better world by helping every organization become a great place to work For All™.  

To learn more, visit https://www.greatplacetowork.me, and read “A Great Place to Work For All.”  

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