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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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Korean XR Company ‘Sharebox Co., Ltd.’ Partners with Moncler Perfume to Deliver Multi-Sensory XR Popup Experience

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41 minutes ago

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January 6, 2025

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–      Immersive XR Technology Combines Scent, Touch, and Media Art to Revolutionize Customer Engagement

SEOUL, South Korea, Jan. 6, 2025 /PRNewswire/ — Sharebox Co., Ltd. is setting new standards in the commercial and public media art markets with its cutting-edge XR (Extended Reality) and metaverse-driven immersive media content. As part of the 2024 XR Content Demonstration Test under the Korea Trade Center Testbed initiative, Sharebox is collaborating with Hyundai Department Store Duty Free to present an XR popup featuring Moncler Perfume. This immersive experience will be available at the 9th-floor duty-free cornerof Hyundai Department Store’s Trade Center branch from December 20, 2024, to February 19, 2025, and will also include anamorphic content displayed on outdoor billboards.

The popup is designed to provide an immersive sensory experience themed around Moncler Perfume. Visitors can explore the fragrance’s top and middle notes visually and spatially through innovative XR content. At Hyundai Department Store Duty Free’s request, Sharebox developed bespoke XR content and customized the popup space to align withthe brand’s concept. This collaboration aims to deliver a novel customer experience fusingcommercial spaces with media art.

“Sharebox focuses on creating immersive experiences enablingmultisensory interactions within virtual realities,” said CEO Yeonsik Shin, emphasizing the company’s commitment to innovation at the intersection of XR and media art.

The popup takes place inside the sensory XR booth, “XR BOX,” equipped with features such as fragrance, wind effects, and a 3D sound system to deliver a full 5 sensory experience. It offers an immersive experience of Moncler Perfume through various contents, including touch-based interactions, gamification, and media art. A newly developed web system allows for QR code photo zone photography, attracting customers by linking with social media events.Through this collaboration, Sharebox is contributing to a new form of customer experience combining commercial spaces with media art.

Sharebox’s XR technology has gained traction in international markets. The company has showcased its innovations at prestigious events, including IT Week in Japan, GITEX in Dubai, and MWC in Barcelona. Sharebox is also exploring participation in smart city projects, applying its XR technology to public spaces and commercial facilities worldwide. CEO Shin expressed his vision: “We aim to transcend the boundaries of the metaverse and create real-world experiences blending imagination and interaction. Immersive XR content has the potential to deliver even greater value in everyday life.”

In preparation for full-scale global expansion in 2025, Sharebox is establishing a foothold in key international markets. Following enthusiastic responses from the 2024 Hong Kong Autumn Electronics Fair, Dubai GITEX, Japan’s IT Week, and Thailand’s National Science and Technology Exhibition, Sharebox is working to establish a corporate presence in Hong Kong and launch local branches abroad. The company plans to advance localized marketing efforts and enhance offerings in smart classrooms, XR popups, VR content, and integrated solutions. Sharebox will continue prioritizing differentiated XR marketing strategies centered on K-content and brand collaborations.

Media Contact

global@ssharebox.com 

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Govee Announces New Lighting Technology for Elevated Living Experiences at CES 2025

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41 minutes ago

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January 6, 2025

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LAS VEGAS, Jan. 6, 2025 /PRNewswire/ — Govee, a global leader in smart ambient lighting, showcase its latest innovations at CES 2025, booth 51916, Venetian Expo. Under the theme “Bring Color to Daily Life,” Govee aims to create personalized and immersive lighting experiences that foster connections with users on both practical and emotional levels, making everyday moments brighter and more enjoyable.

Creative Lighting For Personalized Space:

Govee’s Gaming Pixel Light: Delivers a richer pixel art experience with more precise, vibrant displays, empowering users to unlock their creativity through enhanced AI Lighting bot technology and DIY personalized features.Govee Mini Panel Lights: Offer unparalleled customization with a compact design and vibrant RGBIC colors. The built-in MCU chip simplifies setup and allows for push-type connections of up to 120 panels for limitless creative freedom.Govee Table Lamp 2 Pro x Sound by JBL: Combines Govee’s RGBICWW lighting with JBL’s sound for an immersive audio-visual experience. The portable and rechargeable lamp offers flexibility to enjoy the ultimate light and sound experience anywhere in your home.

Bring Color to Daily Life with Govee’s New Ambient Lighting Innovations 

Lighting is essential to daily life, shaping everything from productivity to personal expression. Besides white lighting for daily living, colored lighting is important for setting vibes and moods, making at-home entertainment more enjoyable.

Indoor Lighting:  Govee Uplighter Floor Lamp, Strip Light with Skyline Kit, Ceiling Light Pro and dining lamps for curated atmospheres.Outdoor Lighting: Outdoor Lamp Post Lights, Govee Outdoor UpDown Wall Light, Outdoor Pathway Lights 2 and more, provides flexible, stylish, and captivating lighting for exterior spaces.Personalized Light Show: Govee DreamView allows users to effortlessly customize light shows to suit their moods and preferences.

Industry Leading AI Lighting and Matter Integration

Govee is revolutionizing lighting experiences with the Govee AI Lighting Bot, an advanced AI-powered system that enables users to create highly personalized lighting effects. Featuring a self-trained large-scale model with 12 billion parameters and an innovative color-tuning algorithm, it delivers exceptional accuracy and dynamic AI lighting effects, perfect for both linear and surface lighting. With a user-friendly interface and the ability to quickly generate and customizable AI lighting effects in just one second, the AI Lighting Bot offers unparalleled creative flexibility. More Govee products now support the Matter standard, enabling effortless integration with major smart home systems.

For more details about Govee, please visit govee.com.

About Govee

Govee has been revolutionizing the smart living experience since 2017, with innovative, efficient, and hassle-free ambient lighting solutions for the entire home. From living spaces and gaming setups to outdoor areas and beyond, Govee smart lighting is not just visually stunning, but transforms everyday moments into personalized and engaging lighting experiences. Embracing the idea that “Lights Can Be Fun,” Govee is committed to bringing vibrant ambient lighting to every corner of the home, to fostering connections with users on both practical and emotional levels, and to making everyday moments brighter and more enjoyable.

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State Grid Xuzhou Power Supply Company monitors temperatures in both urban and rural areas to ensure a “green warm winter”

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41 minutes ago

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January 6, 2025

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XUZHOU, China, Jan. 6, 2025 /PRNewswire/ — On January 3, the company took proactive measures to guarantee that residents in both urban and rural areas stay warm during the winter. Staff members conducted thorough inspections of the electric heating equipment room at Mingzhu Huayuan Community, performing comprehensive and detailed “point-to-point” lean inspections on critical equipment such as power supply lines and distribution boxes for ground source heat pump machines. As one of the few cities with heating systems in Jiangsu, Zhejiang, and Shanghai, Xuzhou has over 400 heating communities, benefiting more than 400,000 households.

To ensure “zero-defect” operation of equipment during the heating season, State Grid Xuzhou Power Supply Company has developed a customized “one enterprise, one policy” consultation plan based on the production characteristics and operational status of heating enterprises. A 24-hour green channel has been established to provide efficient emergency power support services. For any potential issues identified during inspections, the company promptly provided rectification suggestions and assisted heating enterprises in formulating and implementing corrective measures to ensure uninterrupted heating.

Furthermore, the company actively promotes the adoption of new green heating technologies, such as ground source heat pumps and electric storage air conditioning, in new residential areas and centralized office zones. It also explains preferential electricity pricing policies to users to reduce energy costs. In rural areas, with the promotion of “coal-to-electricity” initiatives, the company is vigorously advancing the upgrading and transformation of rural power grids, enhancing power supply reliability, and enabling more people to benefit from the “green warm winter”.

View original content:https://www.prnewswire.com/apac/news-releases/state-grid-xuzhou-power-supply-company-monitors-temperatures-in-both-urban-and-rural-areas-to-ensure-a-green-warm-winter-302342743.html

SOURCE State Grid Xuzhou Power Supply Company

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