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Inside Flagright: Our Approach to Hiring and Team Growth

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Flagright’s Innovative Approach to Team Growth: Leveraging Operational Leverage and AI to Drive Success.

SINGAPORE, Sept. 14, 2024 /PRNewswire-PRWeb/ — Since the beginning of our journey, one question has come up often: “How many people are on your team?” This curiosity is especially relevant in our industry, where we’re building the best-in-class AI-native AML compliance & risk management solution. Financial institutions need reassurance that their partners can offer long-term stability and robust resources to support their critical operations. The common stigma is that companies with fewer employees are less reliable than those with more employees.

At Flagright, we believe that a lean, talent-dense team, combined with operational leverage and AI, can deliver faster, higher-quality solutions than much larger teams.

At Flagright, we’ve found that headcount can be misleading. Instead of focusing on the number of employees, we prioritize building operational leverage and adopting an AI-native approach from the ground up. By optimizing our processes and embedding AI into our core operations, we achieve higher quality, more reliability, and faster development cycles with a leaner team. We believe in hiring A+ people and building a talent-dense team, ensuring that every team member is exceptionally skilled and deeply aligned with our values. Our company culture emphasizes resilience, dedication, and the pursuit of excellence, which we’ll talk more about down below. These values drive us to exceed customer expectations, take decisive action, and maintain a spirit of mutual support.

Our lean, flat structure minimizes communication and management overhead, allowing us to focus on delivering a highly reliable and top-quality product. This approach ensures that we have fewer issues to deal with, most of which are questions, making us more effective in addressing customer support queries. That’s why our top customer feedback globally is excellent customer support, setting us apart from competitors.

Our AI-native approach enhances the capabilities of our team, enabling us to outperform much larger competitors. By automating routine tasks, providing deeper insights, and facilitating smarter, faster decisions, we achieve more with less. Leveraging AI allows us to rapidly adapt to changing regulatory landscapes, significantly reducing the costs and delays associated with traditional compliance methods. This enables us to offer a compliance management system that outperforms conventional approaches in both efficiency and cost of ownership.

By focusing on quality over quantity, we’ve intentionally kept our team lean and talent-dense. We believe that nowadays a small, skilled team can do a lot more than what a much larger team could a decade ago. This isn’t just a theory – it’s what we see in practice every day.

The evidence of our efficiency is clear: Our strategic team growth has allowed us to build a cutting-edge technology platform and catapulted us to serve customers in 6 continents within just 2 years! This rapid development, which has taken our competitors 7 to 15 years, demonstrates our team’s efficiency and gives our customers a competitive edge as a Flagright customer. They benefit from faster innovation, more responsive service, and high quality tooling.

Why a leaner team is our and your strength

Here’s why our approach works for us and benefits you:

We spend less time on meetings and more time on meaningful work. This efficiency reduces overhead and speeds up our delivery, ensuring faster and more frequent updates for you.Our talent-dense team allows for deeper connections and better collaboration. We work together seamlessly, using each other’s strengths to deliver high-quality solutions tailored to your needs.Each team member has clear responsibilities and the freedom to own their work. This clarity boosts accountability and ensures high-quality results, providing you with reliable and effective products.Top professionals prefer environments where they can make a big impact without bureaucracy. Our agile, focused team structure attracts the best and brightest, ensuring that you receive innovative solutions from top talent.

By keeping our team lean and talent-dense, we ensure every member is fully engaged and invested in our mission. This approach makes us more efficient, innovative, and responsive to our customers’ needs, providing you with exceptional service and cutting-edge solutions.

Our values and their impact

At Flagright, our values guide everything we do. They shape our culture and help us build the best systems with a lean team. Inspired by President Theodore Roosevelt’s notion of the “man in the arena,” we embody resilience, dedication, and the pursuit of excellence.

We always, always aim to exceed customer expectations, turning challenges into solvable problems. Our goal is to create delightful experiences that our customers find both our team and products exceptional.We offer support proactively, filling gaps without being asked. Our team embodies professionalism and a spirit of mutual support, combining our diverse skills for collective success.We take decisive action quickly. Instead of waiting for perfect conditions, we trust our instincts, use our expertise, and move forward boldly.We value respectful dissent and encourage teammates to voice their opinions. We maintain our convictions while demonstrating integrity.We embrace hard work and responsibility, taking pride in solving problems and celebrating successes. This drives us to achieve our vision.Even as high achievers, we stay humble. We respect and empower each other, knowing that arrogance can undermine team spirit.We communicate honestly, addressing issues directly while caring about our colleagues. This builds trust and understanding among ourselves.

These values ensure that even with a lean team, we can achieve outstanding results and maintain a competitive edge.

Scaling intentionally, thoughtfully, by design

While we are committed to maintaining a lean, elite team, we also know the importance of thoughtful growth. As a fast-growing business, we are always expanding to meet our business needs, but we hire strategically. We focus on bringing in people who align with our values and can help us achieve our long-term goals while keeping customer satisfaction first.

In a world where headcount often measures company strength, Flagright offers a refreshing perspective. Our strategic approach to team growth, combined with our AI-native approach and capabilities, makes us more agile and efficient, ensuring we deliver the best outcomes for our customers.

We’re proud of our lean team’s achievements and look forward to continuing to innovate, building the best AI-native AML compliance & risk management solution. Our mission remains to set the modern standard for financial crime compliance for our current and prospective customers globally.

Media Contact

Joseph Ibitola, Flagright, 49 1724695685, joseph@flagright.com, https://www.flagright.com/

Twitter, LinkedIn

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SOURCE Flagright

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My China Story: Technology Brings the World Together for a Chinese New Year

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BEIJING, Dec. 24, 2024 /PRNewswire/ — As the Spring Festival approaches, many are preparing for their holiday travels abroad. While the excitement of spontaneous trips is undeniable, one of the biggest hurdles travelers face is language barriers. However, iFlytek‘s innovative translation device promises to make communication effortless, helping you navigate any language challenges with ease.

 

Known for its sleek and compact design, iFlytek’s smart translation gadget offers an elegant black, business-style exterior, a moderate size, and a lightweight build. It’s the ideal travel companion, fitting easily into your pocket without weighing you down. Whether you’re heading to a city getaway or a remote adventure, this device ensures that language is never an obstacle.

The device boasts impressive capabilities, supporting translations in 84 languages online and 16 languages offline. Whether you’re traveling to Japan, South Korea, France, Germany, or the Middle East, this device handles it all. Even in remote locations—such as secluded mountain temples or isolated islands—the offline translation feature ensures you won’t be left speechless. The device also offers specialized vocabulary for specific fields, making translations more precise and professional.

With its intuitive interface, the gadget is easy to use—just a tap, and you’re ready to communicate. This makes it a perfect tool for travelers who want to ensure a smooth and enjoyable experience while abroad.

But what lies behind this innovative device? How did it come to life? To learn more about its development and functionality, we are following a Russian journalist as he visits iFlytek’s headquarters for an exclusive look at this remarkable “gadget” and uncover the story behind its creation.

Stay tuned as we explore the technology that’s revolutionizing the way we connect across cultures.

https://youtu.be/QkdFG0LvH70

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SOURCE “My China Story” International Short Video Competition Organizing Committee

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Cutting-edge automotive software in India: Dedicated business unit of digital transformation specialist Embitel now operates as CARIAD India

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400-person-strong team has been an established partner on numerous technology projects for CARIAD, the automotive software company of the Volkswagen Group.Embitel Managing Director, Sharad Bairathi: “CARIAD’s internationally renowned brand name will be a major advantage in the highly competitive Indian technology sector.”CARIAD Chief Launch Officer, Thomas Günther: “Working together under the CARIAD brand strengthens our joint commitment to delivering cutting-edge automotive software solutions.”

BENGALURU, India, Dec. 24, 2024 /PRNewswire/ — The CARIAD Business Unit of Bengaluru-based digital transformation specialist Embitel now operates as CARIAD India. The 400-person-strong team has been an established partner on numerous technology projects for CARIAD, the automotive software company of the Volkswagen Group.

Since 2020, Embitel’s CARIAD Business Unit has worked successfully with CARIAD on many technology projects, primarily in the areas of platform software, Scalable Vehicle Compute Platform, high-speed communication technologies, ADAS/AD, power systems, energy and charging, and body electronics. To further strengthen this partnership, Embitel’s CARIAD Business Unit now officially operates as CARIAD India under a licensing agreement with Germany-based CARIAD SE.

Sharad Bairathi, Managing Director of Embitel, commented: “The rebranding to CARIAD India marks a significant milestone. It shows everyone how close our links with CARIAD are. The internationally renowned brand name will be a major advantage in the highly competitive Indian technology sector.”

CARIAD’s Chief Launch Officer, Thomas Günther, added: “We are welcoming our colleagues in India even closer to the team. India’s technology landscape pulsates with innovation and working together under the CARIAD brand now strengthens our joint commitment to delivering cutting-edge automotive software solutions.”

CARIAD India has grown continuously and now has close to 400 employees. It started with a small team delivering base services for the Driver Reflection Module, which is an integral part of the Volkswagen Group’s advanced driver assistance systems. This team later expanded to develop software for a microcontroller and the Scalable Vehicle Compute Platform (SVCP), a flexible system that supports various automotive functions, including communication interfaces and power management for electric cars.

The ADAS/AD team, established in 2022, works on behaviour software, sensors, map localization, driving, and safety projects. Equipped with advanced systems, the lab in Bengaluru is a key partner for CARIAD in Germany and internationally.

CARIAD India has also established an expert team to work on solutions for vehicle, energy, charging and body functions. The power electronics software team develops the diagnostics, security and bootloader functions. Another team is currently being setup for the high-voltage energy management systems for new vehicle platforms.

The rebranding to CARIAD India does not alter the ownership or legal status of Embitel Technologies India Pvt. Ltd. – which continues to be the legal entity. Embitel remains a subsidiary of the diconium group and, thus part of Volkswagen Group Sales IT.

CARIAD® is a trademark of CARIAD SE licensed to Embitel Technologies India Pvt. Ltd.

CARIAD

CARIAD is the automotive software company of the Volkswagen Group. Founded in 2020, CARIAD creates and delivers leading digital technology for brands such as Volkswagen, Audi and Porsche. In software centres in Germany, the USA, China, Estonia and India, more than 6,000 experts work on making the automotive experience safer, more sustainable and more comfortable for everyone. The company’s technology stack includes advanced driver assistance systems, charging technology, a unified infotainment platform, software functions for driving performance, as well as a new digital ecosystem and digital services in and around the vehicle. Iconic cars like the Volkswagen ID. Buzz and ID.7, the Audi Q6 e-tron and the electric Porsche Macan 4 are already equipped with the latest CARIAD technology. With the Volkswagen Group brands, CARIAD aims to transform the car into a software-defined vehicle that relies on software as the basis for most of its functions.

For further information, visit https://cariad.technology.

Embitel

Since its inception in 2006, Embitel Technologies India Pvt. Ltd., has driven digital transformation through advanced technology in the realms of Automotive, Internet of Things, Connected Car and Digital Solutions. Embitel has a proven track record of delivering end-to-end solutions from concept to production for a global client base. The company also provides accelerator solutions that can help customers to reduce overall development time and effort considerably. A Volkswagen Group company, Embitel is a close development partner for CARIAD, the Group’s automotive software company. Embitel also supports CARIAD in enhancing customer experience for digital business and mobility services through seamless e-commerce solutions. Embitel has its corporate office in Bengaluru, with development centres in Ahmedabad, Pune and Coimbatore in India.

Find more information about Embitel at www.embitel.com.

 

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From Local Innovator to Global Player: XData Group’s 2024 Milestones

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TALLINN, Estonia, Dec. 24, 2024 /PRNewswire/ — XData Group, a B2B software development firm and a rising fintech innovator based in Tallinn, Estonia, has celebrated a year of exceptional achievements in 2024. Compared to the previous year, the company has doubled its revenue, jumping from €3.3M to €7.8M, while the net profit is expected to be in the €3-3.5 million range. This is a remarkable leap for a growing business, cementing XData’s position as a prominent rising player in the B2B software development space.

The past year has been transformative for XData Group: despite facing challenges in attracting top talent, the company successfully grew its team from 27 to 79 employees, nearly tripling in size. This expansion reflects XData’s ability to draw skilled professionals motivated by a shared vision of reshaping the banking industry through cutting-edge technology.

A significant milestone of 2024 was the release of the company’s flagship banking suite, designed to enhance user experience and operational efficiency in online banking.

Additionally, XData Group expanded its global presence by opening new offices in Spain and Armenia, two emerging tech hubs that align well with the company’s vision and forward-thinking approach.

The company’s client base has also grown as XData secured partnerships with several European banks and financial institutions in the Middle East, showcasing its growing reputation as a trusted partner.

“We are proud of everything we’ve achieved this year and XData’s growing role in driving the adoption of AI and automation in the banking space. As 2025 draws near, our team is committed to scaling our operations even further, doubling down on our proprietary AI-driven solutions and making sure our clients get the best that XData has to offer,” – stated Roman Eloshvili, CEO of XData Group.

XData Group has ambitious plans for the upcoming year: among other things, the company aims to achieve €14 million in revenue and expand its team to 120–130 employees. The company will also shift focus from outsourcing projects to enhancing its internal product development, driving innovation in AI-powered solutions for banking and financial services.

As automation and AI reshape the financial landscape, XData Group intends to stand at the forefront of this transformation, empowering its partners to transition seamlessly into a new age of technology, where financial services become more accessible, efficient, and user-centric.

 

View original content:https://www.prnewswire.com/news-releases/from-local-innovator-to-global-player-xdata-groups-2024-milestones-302338468.html

SOURCE XData Group

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