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OpNet Reduces 5G Network Congestion and Improves Customer Experiences Using Sandvine ActiveLogic

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Data-driven, customer-centric approach sets stage for 5G services for businesses of all sizes

WATERLOO, ON, Aug. 1, 2023 /PRNewswire/ — OpNet, Italy’s first 5G standalone network operator, is partnering with Sandvine to maximize its network performance and improve customer satisfaction as a first step toward offering B2B internet services with strict service level agreements (SLAs).

Resulting from the spin-off of Linkem’s Retail branch and its subsequent merger with Tiscali, OpNet is the Italian 5G Wholesale Operator, covering more than 70% of the population with its own structure. OpNet offers a complete and integrated range of advanced connectivity services: 5G Private Network, Point-to-Point and UBB solutions, wireless and also wired, with service profiles for Consumer, SOHO, Business, Enterprise and Verticals markets.

With its commercial deployments of 5G radio spectrum over fixed wireless, OpNet moved to a wholesale business model, rolling out private networks and vertical applications across industrial logistics management, industrial security, and smart-city construction.

“By becoming a wholesaler of FWA and optical fiber solutions, as well as radio connections and 5G private networks, we can open our network to ‘everyone,’ namely the several thousand smaller companies, firms, and branch offices that lack the digital services needed to compete,” said OpNet CTO Cosimo Buccella.

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The move to a 5G wholesale model, combined with the rapid increase in online video content made popular during the pandemic, strained the limits of OpNet’s fixed wireless network.

“The increasingly dynamic nature of both our network and the applications meant we could no longer rely on manual finetuning to optimize the network,” said Buccella. “We needed to know which applications were having the greatest impact on network resources, and how that translated in terms of the application quality of experience our wholesale customers were delivering to their end users.”

To address the need for traffic analysis and network optimization, OpNet enlisted Sandvine and its ActiveLogic solution to provide traffic classification and QoE analyses.

“By providing more visibility into complex network traffic, we help provide a better understanding of how customers are benefiting from the increased speed and capacity of 5G,” said Sandvine Chief Solutions Officer Samir Marwaha. “This insight can help drive automation, improve customer satisfaction, and it can eventually help OpNet deliver SLA-driven B2B services built around guarantees for uplink and downlink services.”

“We rapidly relieved on-site congestion and improved customer satisfaction, without any change to KPIs,” said Buccella. “In fact, we’ve seen the amazing result that no more calls have come into the contact center about buffering of video or other QoE issues. The results prove we made the right choice as we orient ourselves to the wholesale market, where we will be a point of reference for multiple stakeholders that will want easy access to increasingly complex connectivity solutions that will close the digital divide and advance services that will help Italy fuel its economy.”

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To see the complete OpNet case study, go here.

If you want to learn more about ActiveLogic, check out our datasheet and set up a demo.

About OpNet:

OpNet is a leading national wholesale operator in the construction and management of 5G, Fixed Wireless Access (FWA) and fiber optic networks, as well as in the creation of Private Networks, radio links and vertical solutions dedicated to the industrial world. Founded in 2001 by the entrepreneur Davide Rota, the Company operated in the telecommunications market as Linkem S.p.A. until September 2022 to then change the company name to Opnet S.p.A. following the corporate spin-off of the retail branch and its recent merger by incorporation into Tiscali, now Tessellis. As a result of the complex transaction, completed in July 2022, OpNet is the majority shareholder of Tessellis with 56.12% of the shares.

About Sandvine Sandvine’s App QoE portfolio helps customers analyze, optimize, and monetize application experiences using contextual machine learning-based insights and real-time actions. Market-leading classification of more than 95% of traffic across mobile and fixed networks by user, application, device, and location significantly enhances interactions between users and applications. For more information about delivering superior quality of experience with uniquely rich, real-time data that can drive performance and revenues, visit sandvine.com or follow Sandvine on LinkedInTwitter, and Facebook.

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Media Contact: Susana Schwartz
[email protected]

Photo – https://mma.prnewswire.com/media/2166694/Sandvine.jpg
Logo – https://mma.prnewswire.com/media/1984490/Sandvine_2022_Logo.jpg 

Cision View original content:https://www.prnewswire.co.uk/news-releases/opnet-reduces-5g-network-congestion-and-improves-customer-experiences-using-sandvine-activelogic-301890373.html

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Digital Currency Initiative Launches in Taiwan by Collaborating with Prestigious University

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In an innovative effort to revolutionize digital financial education, a prominent digital currency provider has teamed up with a renowned university in Taiwan. This strategic collaboration aims to equip students with advanced knowledge and practical experience, preparing them for the future of finance.

Empowering Future Financial Professional

The partnership focuses on immersing students in the complex world of digital assets, blockchain technology, and cutting-edge financial instruments. Industry experts will offer invaluable insights and mentorship, enhancing students’ understanding and skills in this rapidly evolving field.

Curriculum Highlights:

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  • Blockchain Principles: Foundational knowledge of blockchain technology.
  • Critical Thinking: Developing analytical skills for problem-solving in digital finance.
  • Risk Assessment: Strategies for identifying and managing financial risks.
  • Legal Compliance: Understanding the regulatory landscape and compliance requirements.
  • Career Insights: Exploring potential career paths in the digital finance industry.

Commitment to Digital Economy Growth

This initiative underscores a commitment to fostering the digital economy’s growth by highlighting the stability of digital assets against traditional currencies. The newly introduced digital token combines traditional asset stability with blockchain security, offering a robust financial instrument for the future.

The digital currency provider has a long-standing history of promoting blockchain education and advocating for financial inclusivity. By facilitating cross-border transactions and investing in emerging markets, the organization continues to play a crucial role in shaping digital finance’s future.

Advancing Financial Literacy and Inclusivity

This collaborative effort represents a significant step towards democratizing financial literacy and empowering individuals worldwide to engage with the evolving digital currency landscape.

Additional Facts:

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  • Taiwan’s Blockchain Hub: Taiwan actively promotes itself as a hub for blockchain and digital currency innovation through various initiatives.
  • Research and Development: The partnership is expected to spur increased R&D activities in digital assets, benefiting both academia and industry.
  • Regulatory Exploration: Taiwan’s government is interested in exploring regulatory frameworks for digital currencies and blockchain technology, creating a supportive environment for such collaborations.

Key Questions Addressed

  1. Impact on Adoption: How will the collaboration between the digital currency provider and the university impact the adoption of digital currencies in Taiwan?
  2. Skills and Knowledge: What specific skills and knowledge will students gain from the curriculum focusing on blockchain technology and digital assets?
  3. Regulatory Compliance: How does the initiative address potential regulatory challenges and compliance issues in the digital currency space?

Advantages and Disadvantages

Advantages:

  • Enhanced Education: Offering students unique educational opportunities in digital finance and blockchain technology.
  • Industry-Academia Bridge: Providing hands-on experience and mentorship to bridge the gap between academia and industry.
  • Economic Growth: Contributing to the growth and development of the digital economy in Taiwan and beyond.

Disadvantages:

  • Curriculum Updates: Potential challenges in keeping the curriculum up-to-date with the rapidly evolving digital currency landscape.
  • Practical Exposure: Ensuring students receive practical, real-world experience to complement theoretical knowledge.
  • Regulatory Balance: Balancing the promotion of digital currencies with the need for regulatory compliance and risk management.

The collaboration between the digital currency provider and the Taiwanese university marks a significant milestone in digital financial education. By integrating industry expertise with academic rigor, this partnership aims to nurture the next generation of financial professionals and foster the growth of the digital economy.

Source: smartphonemagazine.com

The post Digital Currency Initiative Launches in Taiwan by Collaborating with Prestigious University appeared first on HIPTHER Alerts.

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Binance Appeals Against $4.3M Penalty Imposed by Canada Regulator

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In a recent court appeal, Binance argued that it does not specifically target Canadian customers, claiming its activity in Canada is merely a byproduct of its international operations, according to a June 19 report by the Canadian Press. The exchange revealed that although it had previously attempted to establish a Canadian presence, these plans were abandoned. By May 2023, Binance had fully exited the Canadian market, citing new regulations on stablecoins and investor restrictions that made continued operations unfeasible. Despite its departure, Binance acknowledged the sentimental value of Canada, being the home country of its founder.

In May, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) imposed a $4.3 million fine on Binance for non-compliance with anti-money laundering (AML) and terrorist financing rules. FINTRAC claimed that between June 2021 and July 2023, Binance failed to report over 5,000 transactions of $10,000 or more. Additionally, despite having multiple opportunities, Binance failed to register as a money services business within the deadlines set by the regulator.

Beyond its issues in Canada, Binance is facing a multitude of legal challenges globally. In April, a class-action lawsuit was filed against the exchange in Canada, accusing it of violating securities laws. The plaintiffs allege that Binance sold crypto derivative products to everyday investors without proper registration, breaching Ontario’s Securities Act and federal regulations. This lawsuit, representing tens of thousands of Canadian investors, seeks compensation and the reversal of unauthorized trades.

Globally, Binance has also faced significant financial penalties. In November, the exchange settled with US authorities, agreeing to a $4 billion fine for violations of anti-money laundering and sanctions laws. Similarly, the Indian Financial Intelligence Unit imposed a $2.24 million fine, the largest ever against a crypto entity in the country, for failing to comply with AML regulations.

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Binance’s regulatory and legal troubles illustrate the significant challenges faced by cryptocurrency exchanges operating across multiple jurisdictions. While the exchange continues to navigate these complexities, its ability to comply with global regulatory standards and address legal disputes will be critical to its long-term viability and reputation in the market.

Source: cryptonews.com

The post Binance Appeals Against $4.3M Penalty Imposed by Canada Regulator appeared first on HIPTHER Alerts.

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Binance.US Dealt Another Blow: North Dakota Revokes License

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Following the lead of states like Florida, Alaska, Oregon, Maine, and North Carolina, North Dakota has moved to block Binance.US from regaining its money transmitter license. This decision by the North Dakota Department of Financial Institutions (DFI) is grounded in a November 2023 guilty plea by Binance founder Changpeng Zhao on anti-money laundering charges, further questioning the exchange’s suitability for operation.

Protecting Public Interest

DFI Commissioner Lise Kruse emphasized the need to protect the public interest in her statement: “The Commissioner finds the Respondent does not continue to meet the qualifications or satisfy requirements that may apply to an applicant for a new money transmitter license.” This decision adds North Dakota to the growing list of states placing Binance.US in regulatory “penalty boxes.”

Global Troubles and US Regulatory Concerns

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The regulatory issues faced by Binance.US in the United States reflect broader global challenges. For instance, a recent regulatory conflict in Nigeria, which resulted in the detention of a Binance executive, raises additional concerns for US regulators, complicating Binance.US’s situation further.

Impact and Outlook for Binance.US

Currently, Binance.US is unable to onboard new users in several regions and is entirely inaccessible in over 10 states. The exchange has until July 17, 2024, to challenge North Dakota’s decision. However, the outlook remains uncertain, given the mounting restrictions and regulatory pressures.

The relatively short prison sentence for Zhao might suggest a potential course correction within Binance. By prioritizing user safety and adhering strictly to US regulations, Binance.US could potentially regain some lost ground. The exchange’s future hinges on its ability to address regulatory compliance issues effectively.

The Broader Implications

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This regulatory crackdown highlights the evolving landscape of cryptocurrency regulation. While the innovative potential of cryptocurrencies is significant, exchanges must operate within established regulatory frameworks to maintain trust and stability in the market. Binance.US’s struggle will be closely watched by the entire cryptocurrency industry, serving as a cautionary tale for exchanges that prioritize growth over compliance.

Source: bitcoinist.com

The post Binance.US Dealt Another Blow: North Dakota Revokes License appeared first on HIPTHER Alerts.

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