Day: August 29, 2023

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Decision Intelligence Leader Quantexa Awarded Google Cloud’s Industry Solution Technology Partner of the Year for Line of Business Processes

LONDON and NEW YORK, Aug. 29, 2023 (GLOBE NEWSWIRE) — Today, Quantexa, a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced that it has won the 2023 Google Cloud’s Industry Solution Technology Partner of the Year award for Line of Business Processes. The award comes after its Decision Intelligence Platform and solutions were made available on Google Cloud Marketplace in April 2023.

Quantexa is recognized for the strength of its line of business solutions. Their Line of Business Processes removes traditional manual data capture by connecting internal and external data and creating an accurate single view of customers. Quantexa’s advanced Line of Businesses processes capabilities were awarded in acknowledgement of the technologies ability to monitor KYC profiles and automate the detection and prioritization of real risk and opportunities.

Key capabilities included in Quantexa’s AI-enabled KYC solution are onboarding, remediation, enhanced due diligence (EDD), and perpetual KYC (pKYC). By deploying the solution, Google Cloud customers can focus their risk management efforts and facilitate trust with customers, leading to increased revenue generation. Plus, by gaining a true understanding of those they are doing business with joint customers will see benefits across the banking value chain, including improved financial crime, AML, and fraud detection.

Making the Quantexa Decision Intelligence Platform available via Google Cloud has given organizations in banking, insurance, telecommunications, and government agencies the ability to connect their data across siloed systems, making it simple for global enterprise customers to trust their data and augment and automate decision-making to protect, optimize, and grow their business.

Dan Higgins, Chief Product Officer at Quantexa: “Together with Google Cloud, we’ve been able to bring cutting-edge compliance and risk technology solutions to the Cloud and give our joint customers flexible deployment options. This partnership is enabling IT and infrastructure teams to be more agile and support line-of-business leaders working in an ever-evolving risk landscape. The recognition by Google Cloud further highlights our achievements in enabling organizations to leverage Decision Intelligence to master customer and risk management.”

“Google Cloud’s partner awards recognize the significant impact and customer success that our partners have driven over the past year,” said Kevin Ichhpurani, Corporate Vice President, Global Ecosystem and Channels at Google Cloud. “We’re delighted to recognize Quantexa as a 2023 Google Cloud Partner Award winner and look forward to a continued strong partnership in support of our mutual customers.”

To learn more about how your organization can benefit from Quantexa’s KYC solution and other Decision Intelligence Platform capabilities, please visit: www.quantexa.com

Notes To Editors:

The award win comes ahead of Quantexa’s Global Insurance Roadshow with Accenture, Google Cloud and Quantexa in APAC, EMEA & North America. The events will educate insurers on how to leverage AI to create hyper-personalized customer experiences and will be hosted in the following cities and dates:

About Quantexa
Quantexa is a global data and analytics software company pioneering Decision Intelligence that empowers organisations to make trusted operational decisions by making data meaningful. Using the latest advancements in big data and AI, Quantexa’s Decision Intelligence platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves major challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.

The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. Founded in 2016, Quantexa now has more than 650 employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, New York, Boston, Toronto, Malaga, Brussels, Amsterdam, Dublin, Luxemburg, Singapore, Melbourne, Sydney, and Dubai. For more information, please visit www.quantexa.com or follow us on LinkedIn.

Media Enquiries 

C: Stephanie Crisp, Associate Director and Media Strategist, Fight or Flight
E: quantexa@fightorflight.com

C: Adam Jaffe, SVP of Corporate Marketing
T: +1 609 502 6889
E: adamjaffe@quantexa.com

GlobeNewswire Distribution ID 1000836850

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The Commonwealth of Dominica Enhances Security and Management of the Citizenship by Investment Programme

Roseau, Aug. 29, 2023 (GLOBE NEWSWIRE) — The Commonwealth of Dominica has taken significant steps to bolster the security and management protocols for its Citizenship by Investment Programme, aimed at fortifying the integrity and longevity of the programme.

Dr. Roosevelt Skerrit, the Prime Minister of Dominica, has been collaborating closely with various stakeholders, including international consultants, to conduct a comprehensive audit of the investment migration programme. Building on an initial audit undertaken last year by a UK consulting firm, the government has been actively implementing new and improved processes through the Citizenship by Investment Unit.

During his recent Budget Speech, the Prime Minister unveiled plans to enlist a globally vetted management consulting firm to oversee the overall operations and management of the Citizenship by Investment Programme. While Dominica already boasts a proactive due diligence process, the government is committed to its further reinforcement, vowing “to leave no stone unturned to strengthen it.”

“We take this matter very seriously and will increase our efforts in showcasing our robust due diligence and risk mitigation efforts on all fronts.” the Prime Minister affirmed.

Over the past 18 months, the Government of Dominica has undertaken several measures to elevate the security of its investment migration programme.

A United States-based firm has already conducted anti-money laundering and counter-terrorism financing training for all Citizenship by Investment Unit staff as the Unit undergoes restructuring. The CBIU was restructured under the supervision of an expert compliance officer to ensure that all procedures were updated, quality control measures strictly followed, and all IT systems upgraded.

The government made a bold move at the start of the year, giving notice of its intent to revoke the citizenship of those who made false declarations or misrepresentations in their applications, particularly relating to previous visa rejections from countries with which Dominica has visa-free treaties.

Dominica has also introduced biometric travel documents and updated its naturalisation certificate, enhancing its security features.

Citizens of the Kurdistan region in Iraq, Russia and Belarus do not qualify for citizenship in Dominica as international security authorities have flagged the regions as high risk. Moreover, the government introduced legislation providing an enhanced due diligence fee for applicants from specific countries. This enhanced due diligence fee offers the government additional resources to thoroughly scrutinise applicants from these countries.

The country also issued regulations to restrict citizens from changing their names.

Dominica has distinguished itself as the first Caribbean country to implement mandatory interviews as part of the citizenship by investment application process – a requirement agreed upon with the United States at a roundtable earlier this year.

“We also devised a new rigorous risk assessment and hired firms from the United States and the United Kingdom to begin interviews with all CBI applicants,” Prime Minister Skerrit said in the Parliament.

In addition to international firms in the US and UK conducting due diligence checks, Dominica’s Financial Intelligence Unit will also assist with the due diligence process. This includes reporting rejected applicants to the JRCC monthly and permitting the JRCC to share that information with the other CBI jurisdictions in the OECS.

Dominica is leading discussions in the region to collaborate on safeguarding the citizenship by investment industry; and has taken measures to emphasise its dedication to cooperating with global stakeholders and enhance the due diligence process to reduce threats from illicit actors.

In addition to these recent changes, new risk mitigation actions include:

  • Thorough assessment and reduction of the number of agents and promoters of the country’s Citizenship by Investment Programme, who will be strictly monitored, along with developers, to ensure compliance with current regulations governing the advertisement of Dominica’s Citizenship by Investment Programme.
  • Strict enforcement of regulated citizenship fees to prevent any undercutting.
  • Strengthening of policies and legislation to maintain competitiveness and alignment with international best practices.

Dominica’s rigorous due diligence and vetting processes make it extremely difficult for any illicit individual to qualify for citizenship. Background checks occur on the ground where the applicant lives and works, via online databases and now in person.

The Prime Minister has reiterated that Dominica will maintain robust due diligence processes to ensure the country meets international standards and alleviates any security concerns.

“We have fresh impetus to go back and relook where we can do even better in giving our international counterparts confidence in our security measures – which are already some of the most robust in the world compared to other jurisdictions,” he said.

Secretary of Dominica Citizenship by Investment Programme
Commonwealth of Dominica
001 (767) 266 3919
info@cbiu.gov.dm

GlobeNewswire Distribution ID 8912512

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Deputy Director of MoFA’s Dubai Office receives credentials of Consul General of the Republic of the Union of Myanmar

Mr. Rashid Abdulla Al Qaseer, Deputy Director of the Ministry of Foreign Affair’s Dubai Office met with H.E. Kyaw Thu Nyein Consul General of the Republic of the Union of Myanmar in Dubai and received his credentials.

Al Qaseer welcomed the Consul General and hailed the political, economic, commercial and investment relations that bind the two friendly countries, wishing him success in his duties.

Source: Ministry of Foreign Affairs and International Cooperation

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‘Sustainable Transportation and Legacy for Generations’ Conference & Exhibition Sponsors Highlight Reinforcing Sustainability, Environmental, Social Governance

Sponsors of the ‘Sustainable Transportation and Legacy for Generations’ Conference and Exhibition that will be held from Sep. 17-18 at the Doha Exhibition and Convention Center (DECC) stressed the importance of laying solid foundations to achieve a complete transformation of the transport system, and to strengthen the state’s efforts to improve the quality of life and preserve a healthy environment, noting the importance of developing initiatives related to environmental and social sustainability and governance in a manner consistent with approved international standards.

The sponsors indicated that the ‘Sustainable Transportation and Legacy for Generations’ Conference and Exhibition would serve as a platform that brings together companies in the transportation sector in the State of Qatar under one umbrella, pointing out that this event would provide an opportunity to enhance cooperation and achieve common strategic goals in the field of sustainable transport.

On this occasion, HE Qatar Airways Group Chief Executive Akbar Al Baker said: “Qatar Airways Group is proud to be the Strategic Sponsor of this landmark effort by the Ministry of Transport (MOT). Bringing together key national transportation stakeholders to this ‘Sustainable Transportation and Legacy for Generations’ Conference and Exhibition will highlight Qatar’s latest achievements in the transportation industry.” “Qatar’s advancements in fostering a cohesive, holistic, and sustainable transportation infrastructure for our future generations are commendable and inspire us to strive towards addressing its challenges,” His Excellency added, stressing that “Qatar Airways Group remains committed to doing its part by continually integrating and enhancing environmental sustainability policies in our strategic business development.” In turn, Executive Vice President – Public Relations at QNB Group Salem Anzan Al Nuaimi said: “this event further emphasizes our partnership with MOT and highlights all the sustainable initiatives that come in support of the Qatar National Vision 2030. It also emphasizes our continuous efforts towards all initiatives related to sustainability and environmental governance, being a core pillar to the group’s strategy and goals.” “We are proud to be the Strategic Sponsor of MOT’s ‘Sustainable Transportation and Legacy for Generations’ Conference and Exhibition, which will showcase the latest developments in the transportation sector. Environmental governance has grown to become an essential part of the Group’s strategy, where we try to focus our efforts on the continuity of all practices that support a sustainable future and legacy both locally and regionally,” Al Nuaimi added.

“We are proud to be a part of this unique conference and exhibition, and we recognize the efforts that MOT has put to shed light on the importance of raising awareness towards sustainable solutions, allowing all participants to share their insights, and come together to discuss the key challenges and possible solutions in their designated field,” he said, adding: “I sincerely hope that our sponsorship of ‘Sustainable Transportation and Legacy for Generations’ will have a positive outcome that serves sustainable development and supports the integration of the latest technology into the transportation field.” (MORE)

Source: Qatar News Agency

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‘Sustainable Transportation and Legacy for Generations’ Conference & Exhibition Sponsors Highlight Reinforcing Sustainability, Environmental, Social Governance -1-

For his part, Marketing and Public Relations Manager at Mwani Qatar Hamad Al Ansari reaffirmed Mwani Qatar’s commitment to modernizing the maritime transport industry and boosting its capabilities in accordance with the Ministry of Transport’s (MOC) strategic plan intended to develop the transport sectors in the nation and ease trade, turning the State of Qatar into a regional trading hub.

He pointed out that Mwani Qatar’s sponsorship and participation in the Ministry of Transport’s ‘Sustainable Transportation and Legacy for Generations’ Conference and Exhibition stems from the company’s strong belief in the event’s significance, and it falls within the framework of its social responsibility and commitment to achieving the goals of Qatar National Vision 2030.

“The State of Qatar has become a leading player in the global maritime sector thanks to its use of technology and keeping up with the latest developments,” he said, adding “Hamad Port’s advanced infrastructure and modern technologies have accelerated its globalization and reduced ship loading and unloading wait times.” He noted that Hamad Port holds over 28 percent of the commercial market share in the Middle East, adding that it also has over 28 shipping lines that offer direct and indirect services to more than 100 maritime destinations globally.

In a related context, Group Chief Executive Officer at QTerminals Neville Bissett commended MOC’s continuous pursuit and tireless efforts aimed at laying solid foundations for achieving sustainable transportation systems in the State of Qatar, enhancing the quality of life and securing the environment’s protection.

“In line with Qatar National Vision 2030, which aims to transform the State of Qatar into an advanced society capable of achieving a sustainable development and providing a high standard of living for its citizens and residents, we at QTerminals are actively driving an Environment, Social and Governance Program, in line with international standards, to reduce the environmental impact of our operations,” he said.

“We have taken several effective measures in our operations such as the adoption of electric vehicles and equipment, clean renewable energy, and smart environmentally friendly solutions, in an effort to raise the bar on environmental impact reductions in the ports and terminals that we operate, and in the overall global port industry. This will be further demonstrated throughout our participation in this exhibition,” Bissett added.

In turn, Communication and Public Relations Director at Qatar Railways Company (Qatar Rail) Abdulla Ali Al Mawlawi said: “we are pleased to sponsor this key event. Our involvement as a platinum sponsor for the MOT’s ‘Sustainable Transportation and Legacy for Generations’ Conference and Exhibition underscores our commitment to supporting a sustainable public transport system and a legacy for future generations. Indeed, our railway projects stand as a key pillar to the comprehensive and sustainable public transportation system in the State of Qatar.” “At Qatar Rail, we recognize the instrumental role of the transport sector in driving sustainable development and propelling Qatar’s economic growth. Consequently, we work closely with the Ministry of Transport and our partners to prioritize supporting initiatives that can further enhance this system. This event serves as a dynamic platform that brings all stakeholders in Qatar’s transportation sector to reinforce partnerships and realize our shared strategic goal in positive contribution to achieving the sustainable development and economic prosperity as envisioned in the Qatar National Vision 2030,” Al Mawlawi added.

In the same context, Strategy and Projects Management Office Director at Mowasalat (Karwa) Mohamed Ahmed Abukhadija said: “as the Gold Sponsor of this esteemed conference, we take pride in partnering with MOC to shape a sustainable future in transportation,” indicating that this collaboration underscores the joint commitment to pioneering change.

“Our electric fleet, an embodiment of our vision, aligns seamlessly with the Ministry’s initiatives. Complementing this is our innovative digitalization, evident in the latest Smart Fleet Operation Systems and in the user-friendly Karwa Taxi app and the Journey Planner app, which enhance passenger experiences every day,” he said.

“We extend our focus on sustainability to our staff, investing significantly in human resource development. We empower our employees through comprehensive training, reinforcing the ecosystem of agility and future-orientation. These collective efforts not only exemplify our dedication to eco-friendly solutions and seamless passenger experiences, but also contribute to the Qatar National Vision 2030,” he added.

Abukhadija concluded his statements by saying: “together, we are driving towards a greener, more accessible, and technologically advanced transportation landscape, and we are honored to be at the forefront of this transformative journey.”

Source: Qatar News Agency

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Minister of State for Foreign Affairs Meets with Slovenia’s Deputy Prime Minister

The Minister of State for Foreign Affairs, Member of the Council of Ministers and Climate Affairs Envoy of the Kingdom of Saudi Arabia Adel bin Ahmed Al-Jubeir met today in the Slovenian city of Bled with the Deputy Prime Minister and Minister of Foreign and European Affairs of the Republic of Slovenia Tanja Fajon, on the sidelines of the 18th session of Bled International Strategic Conference 2023.

During the meeting, they reviewed bilateral relations between the two countries and ways to enhance and develop them, exchanged views on regional and international developments, discussed issues of common concern, including the climate issue, the Kingdom’s efforts and initiatives to preserve the environment, and limit the effects of climate change, and discussed the most prominent topics on the conference agenda.

Source: Saudi Press Agency