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Manx Telecom Streamlines Operations with Cerillion Upgrade

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LONDON, Aug. 14, 2023 /PRNewswire/ — Cerillion (AIM: CER), a leading provider of BSS/OSS-as-a-Service solutions to the telecoms industry, announced today that Manx Telecom, the largest telecommunications provider on the Isle of Man, has recently upgraded its Cerillion system to the latest release. As a result of the smooth and successful implementation, Manx Telecom has simplified its overall BSS/OSS architecture and is benefitting from Cerillion’s open standards-based software, including TM Forum certified Open APIs, to establish a new foundation from which to further digitalise and automate its business operations.

Key to the upgrade was Cerillion’s ability to support business change through configuration not customisation, allowing Manx Telecom to easily tailor its business processes, optimise its user experience, simplify integration, and rapidly launch new products and services. Since going live on the new product release, Manx Telecom and Cerillion have also completed “real-world certification” for the TM Forum Open APIs delivered as a core part of the solution.

“We have reaffirmed Cerillion as our strategic BSS/OSS partner and are very pleased with our move to the latest product release. Despite its size and complexity, it was completed on time and on budget,” said Hugo van Zyl, Chief Technology Officer at Manx Telecom. “The upgrade is key to Manx Telecom’s journey to streamline operations and establish a solid foundation for growth. Our trade-off is between simplicity and composability, between systems of record and differentiation, and Cerillion’s pre-integrated BSS/OSS suite offers the perfect balance – providing a very broad range of modules and functions that are not only highly configurable but also designed to work in unison, allowing simplification of our overall architecture but also giving flexibility to support business change. The Open APIs have allowed us to integrate to other enabling systems in a powerful and orchestrated way.”

“Manx Telecom is one of our longest standing customers and we are delighted that they continue to see the benefit of staying up to date with our product roadmap,” commented Louis Hall, CEO of Cerillion. “BSS/OSS projects are certainly not trivial, but with our true product model and evergreen software upgrades we have simplified the whole process, providing the certainty of outcome that is needed to manage these mission-critical systems.”

About Manx Telecom

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Manx Telecom is the leading telecommunications provider on the Isle of Man. Our operations touch the lives of almost every individual and business on the Island. We deliver reliable and resilient connectivity and communications services at home and around the world through a full range of fixed line, mobile, broadband and secure data storage services. Continuous investment in our infrastructure empowers the Island, and its people, to contribute as a global centre of excellence for e-business and new technologies. For more information visit: www.manxtelecom.com 

About Cerillion plc

Founded in 1999, Cerillion (AIM: CER) is a leading provider of billing, charging and customer management systems delivering its solutions across a broad range of industries including the telecommunications, finance and utilities sectors. The Company has a global customer base, with c. 80 customer installations across c. 45 countries and customers include Liberty Global, KDDI and Proximus. For more information visit: www.cerillion.com 

Logo: https://mma.prnewswire.com/media/2062687/Cerillion_Logo.jpg

 

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Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches

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Sarah Brennan, an accomplished figure in corporate and securities law, serves as General Counsel at Delphi Ventures, focusing on investments in the Web3 space. With over 14 years of experience in securities law and a deep involvement in digital assets since 2017, Brennan also co-leads LeXpunK, a collective dedicated to establishing legal frameworks for decentralized digital communities.

In a candid interview with a prominent cryptocurrency news outlet, Brennan discussed various critical topics. She addressed the emergence of crypto super PACs, funded significantly by major firms like Ripple and Circle, to counter strict SEC regulations. Brennan viewed the SAB 121 bill, backed by the US administration, as potentially isolating the crypto community from broader financial integration.

While acknowledging the influence of centralized entities in advocating for crypto interests, Brennan cautioned against replicating traditional financial hierarchies within the crypto sphere, which contradicts its revolutionary ethos. She expressed concerns about monopolistic scenarios that could dominate the crypto landscape, exerting excessive control over essential industry components and traditional financial operations.

Regarding regulatory challenges, Brennan advocated for tailored regulations to manage systemic risks posed by large centralized crypto institutions. She criticized the current regulatory opacity and inconsistency, which she believes have fostered suboptimal business practices. Through LeXpunK, Brennan endeavors to pioneer experimental legal structures that could redefine regulatory compliance for token issuances, though reception from policymakers has been lukewarm.

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Looking ahead, Brennan emphasizes the need for proactive regulatory approaches using antitrust measures to prevent crypto monopolies, promote decentralization, and target bad actors. However, she highlighted the persistent communication gap between crypto-literate legal advocates and hesitant regulators as a significant obstacle.

Brennan continues to drive forward her mission through new advocacy platforms aimed at shaping the future of cryptographic regulation, navigating complexities to ensure balanced and effective regulatory frameworks in the evolving crypto landscape.

Source: shakirabrasil.info

The post Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches appeared first on HIPTHER Alerts.

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Italy Ramps Up Crypto Oversight in Line with MiCA

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Italy is preparing to strengthen its oversight of cryptocurrency markets to align with the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework. This initiative, initially enacted in 2022, aims to impose stricter monitoring of digital asset markets, particularly targeting insider trading and market manipulation. Under the new decree, fines ranging from 5,000 to 5 million euros ($5,400 to $5.4 million) will be imposed based on the severity of violations, reinforcing compliance and market integrity.

For blockchain firms and decentralized finance (DeFi) protocols, MiCA presents significant challenges. These entities must decide between fully decentralizing their networks or complying with MiCA’s Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Fully decentralized networks are exempt from reporting requirements but risk non-compliance if they employ foundations or intermediaries moderating communities.

Centralized exchanges like Binance are adapting to MiCA by categorizing stablecoins as authorized or unauthorized, aligning with regulatory requirements without delisting these assets from spot markets. Uphold has similarly adjusted by delisting certain stablecoins for compliance purposes.

Despite regulatory pressures, experts are optimistic about stablecoins’ future. Figures like Jeremy Allaire, CEO of Circle, predict stablecoins could represent 10% of the money supply within a decade. They anticipate widespread adoption driven by benefits such as financial inclusion, lower remittance costs, and seamless cross-border commerce via public blockchains.

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This regulatory framework underscores the transformative potential of stablecoins and blockchain technology within the global financial system.

Source: coinfomania.com

The post Italy Ramps Up Crypto Oversight in Line with MiCA appeared first on HIPTHER Alerts.

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1inch Network Teams Up with Blockaid for Shield API

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1inch Network has collaborated with Blockaid to introduce the 1inch Shield API, a pioneering advancement in Web3 security. This collaboration aims to enhance user protection within decentralized finance (DeFi) by bolstering defenses against fraudulent tokens. Blockaid, renowned for its expertise in Web3 security solutions, utilizes advanced data analytics and machine learning to swiftly identify and flag scam tokens, safeguarding users from potential financial risks.

The 1inch Shield API also addresses compliance with Anti-Money Laundering (AML) regulations through continuous screenings of blockchain addresses. Powered by TRM Labs, this feature scrutinizes addresses for associations with sanctioned entities and illicit activities, preemptively restricting suspect addresses to prevent regulatory infractions.

Additionally, 1inch integrates Etherscan Pro’s blocklisting capabilities to proactively blacklist suspicious addresses, further fortifying its security measures.

This initiative marks a significant milestone in DeFi security, promising unparalleled levels of security and compliance. As 1inch continues to deploy this technology across its platform, it aims to provide developers and users with enhanced protection and confidence in navigating the Web3 landscape.

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Source: cryptotimes.io

The post 1inch Network Teams Up with Blockaid for Shield API appeared first on HIPTHER Alerts.

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