Today, Amazon Web Services, Inc. (AWS), an Amazon.com company (NASDAQ: AMZN), announced the launch of a Cloud Innovation Centre (CIC) at The University of British Columbia (UBC) in Vancouver. Part of an ongoing relationship between AWS and UBC, the CIC will provide students, staff, and faculty access to cloud technology to advance projects, along with training on how to employ Amazon’s innovation processes. The CIC is the first of its kind in Canada.
The CIC will focus on issues of health and wellbeing and is officially called the UBC Community Health and Wellbeing CIC, powered by AWS. It will support student teams tackling real-world issues and challenges, where application of novel and emerging technology or computing approaches are essential. The CIC will change the way UBC teams use cloud technology, drive innovation, and improve agility and cost. Located on the university’s Vancouver campus and slated to officially open in early 2020, teams working on projects will also have in-person support from a Vancouver-based AWS team of cloud computing and data experts.
“The UBC Community Health and Wellbeing CIC will give student teams, supported by staff and faculty, the opportunity to use leading cloud technology from AWS to unlock results for challenge projects faster and generate new insights for our community,” said Simon Bates, Associate Provost, Teaching and Learning at UBC. “The team-based, hands-on approach –coupled with industry expertise — will significantly advance our efforts to support authentic, digital learning experiences for students as well as opportunities for our teams to work with the world’s leading cloud services from AWS.”
“We’re seeing cloud adoption across every segment in Canada, from nonprofits to education and all levels of government,” said Teresa Carlson, Vice President of Worldwide Public Sector at AWS. “The CIC at UBC further accelerates the digital transformation of the Canadian public sector by providing teams access to next-generation cloud technology from AWS that can be used to solve real-world challenges. Our expertise and experience with machine learning, high-performance computing, and data analytics will directly help the UBC community in delivering innovative projects.”
Using Amazon’s innovation methodology, dedicated UBC and AWS CIC staff will work with students, staff, and faculty, as well as community, government or not-for-profit organizations to define challenges. The team will engage with subject matter experts, identify potential solutions to the challenges, and to build Proof of Concepts (PoCs). All of the innovation challenge outputs, including the PoCs, will be published as open source for other community members to access and use.
“For the remainder of the year, we will be working with the UBC community, as well as partners in healthcare, nonprofit organizations and government to queue up a selection of challenges to begin working on. During this time, we will also be securing the location for the CIC on campus, hiring, and fleshing out the operations model supported by colleagues in IT and Teaching and Learning,” said Bates.
“UBC is a world-recognized leader in research and learning, and this new cloud innovation center will undoubtedly unlock new ways to solve problems that will make a difference to people and businesses,” said Bruce Ralston, Minister of Jobs, Trade and Technology for British Columbia. “Cloud computing skills are essential to the workforce, and students at UBC will soon be able to get hands-on training and experience to help support B.C.’s growing tech sector.”
“Our government’s recent announcement of Canada’s Digital Charter recognized the importance of partnerships between industry and academia to address digital and data transformation and ensure that Canada continues to be competitive on the global stage,” said Navdeep Bains, Canada’s Minister of Innovation, Science and Economic Development. “Giving our researchers access to the best tools and methodologies will spur innovation, leading to the creation of better outcomes for Canadian communities. Developing and applying methods to use the wealth of data now available to advance society through research and learning is needed now, more than ever.”
This CIC in Canada joins seven other cloud computing research initiatives funded by AWS worldwide, including California Polytechnic University Digital Transformation Hub, Arizona State University Smart City CIC, MunichUniversity of Applied Sciences (MUAS) Digital Transformation Lab, CODE University of Applied Sciences Better Future Lab, Sciences Po Public Innovation Lab, Busan City CIC, and the recently launched Swinburne Data for Social Good CIC.
SOURCE Amazon Web Services (AWS)
Credorax Partners With Cisco to Boost Payments Gateway to the Next Level
Today, Credorax announced that it has partnered with Cisco to upgrade its data-center network’s capabilities, capacity and latency. The agreement enables Credorax to adopt Cisco’s advanced data-center networking technology, including an automation, visibility and management system. Credorax has also agreed to beta-test Cisco’s advanced and future monitoring and management products.
Credorax’s system is already considered one of the fastest in the world with its cutting-edge high throughput, low latency, and multi-continent redundancy, and Cisco’s technology will allow Credorax to push the envelope even further in terms of decreasing transaction latency and increasing throughput. Cisco’s software solution for centralized management and monitoring of network components will play a significant role in Credorax’s solutions, simplify their roll-out of new products and reduce ongoing cost of ownership.
As a licensed merchant acquiring bank, Credorax helps merchants accept payments easily with its recently launched Source gateway. The platform offers telecom-grade (99.999%) availability for processing payments as well as a host of payments products and services, including cards and alternative payment methods, hosted payment pages, advanced KYC screening, smart fraud solutions, and sophisticated business intelligence and data tools.
Cisco is at the forefront in building the network platform that can now deliver a connected, autonomous, and programmable digital platform for Credorax customers.
Cisco-Israel General Manager, Oren Sagi said about the collaboration: “Cisco is committed to do its utmost to provide its customers with the most innovative technologies while maintaining uncompromising quality. We are excited to collaborate with Credorax and help them develop the fastest and most reliable payments gateway possible. I am confident that this project is the first milestone for a successful cooperation between the two companies.”
Moshe Selfin, Credorax CTO & COO stated: “We’re thrilled join forces with Cisco. We have always strived to provide best-class service to our customers, and are confident that by incorporating Cisco’s network platform for data capacity and processing speed into our NextGen payments and acquiring platform, we are offering our merchants the best technology on the market.”
In an era of demanding customers and changing expectations, e-commerce merchants simply can’t survive without the best-in-class cross-border payments processing capabilities. Being both a technology company and an acquiring bank, Credorax has built a full suite of NextGen products and services to help merchants grow their business online. And now with Cisco’s support, Credorax has augmented its offering even further.
MetricStream Wins “GRC Product of the Year” at the 2019 Risk Technology Awards Hosted by Risk.net
MetricStream, a market leader in governance, risk, and compliance (GRC) apps and solutions, announced today that its Enterprise GRC Solution has been awarded the “GRC product of the year” at the 2019 Risk Technology Awards, hosted by Risk.net.
“We’re honored to win this award,” said Gaurav Kapoor, Chief Operating Officer, MetricStream. “We believe that it validates the strength, breadth, and depth of our GRC/IRM offerings, as well as our focus on continuous innovation—reflected most prominently in our GRC cloud, advances in predictive analytics, automation, and AI. Our mission is to enable organizations to ‘Perform with Integrity’. To that end, we’re deeply committed to forging long-term partnerships with our customers and supporting them throughout their integrated GRC journeys.”
The annual Risk.net awards recognize the need for innovative technology solutions to manage risk in a highly dynamic and complex business environment. The average financial services firm faces a plethora of risks, ranging from cyber threats and regulatory pressures, to fintech related disruptions and money laundering issues. As these risks grow more interconnected, siloed approaches to GRC are rapidly giving way to more integrated solutions.
The MetricStream Enterprise GRC platform provides a single, unified system to manage, coordinate, and track multiple types of GRC activities. The solution cuts across organizational silos, enabling a holistic and collaborative approach to GRC. Users can efficiently roll up operational risk, audit, compliance, Cyber and third-party risk information from across the enterprise, and transform it into actionable business intelligence to support decision-making. With support for mobility, real-time reporting, advanced risk analytics, and regulatory notifications, the MetricStream solution helps users manage complex risk requirements in an efficient manner.
Top industry analysts have consistently recognized MetricStream as a leader in GRC/IRM. The company’s wide range of solutions and underlying GRC platform are leveraged by leading financial services firms worldwide, including large global banks, mid-sized banks, private equity investors, investment banks, wealth managers, insurance firms, asset management companies, federal financial agencies, and clearing corporations.
MPOWER Financing rated Top international student lender by Nerdwallet and U.S. News
MPOWER Financing, a mission-driven fintech that provides financial access to higher education for high-promise international and DACA students, was recognized by both Nerdwallet and U.S. News & World Report as the top student loan provider for international students.
Nerdwallet, a comparison website for personal finance products, awarded MPOWER a 5-star rating for its student loans, indicating that its products are “among the very best for consumer-friendly features.” Nerdwallet also commended MPOWER for offering loans that are “ideal for international and DACA students without a co-signer or U.S. credit history.” MPOWER’s loans are available to students from around the world for both graduate and undergraduate degrees at more than 350 top universities in the U.S.and Canada.
U.S. News & World Report recognized MPOWER Financing as the “best lender for international students.” This determination was made on the basis of MPOWER’s product offerings, cost, customer servicing ratings, eligibility, and other features. U.S. News also detailed that MPOWER’s underwriting process considers a student’s academic success and career path – a process that is enabled by MPOWER’s use of big data analytics and artificial intelligence.
“I was having a tough time obtaining education loans from India without collateral,” wrote Kaushik Krishnan, one of MPOWER’s early students. “MPOWER was truly life changing for me. I’ve since graduated from my Masters program, found a job, and paid off my loan.”
“MPOWER allowed me to achieve my dream,” said Sol Bee, a South Korean student. “I was admitted to Berkeley in Fall 2016, but I couldn’t afford it at the time. MPOWER empowered me to be who I wanted to be by allowing me to take control of my finances and my life.”
“We’re honored by the industry recognition we’ve received, and the hundreds of heartfelt stories we get from students whom we have the privilege to serve,” says Manu Smadja, Co-founder and CEO of MPOWER. “We’re working hard to further improve our customer experience and to remain the best international student lending product on the market.”
MPOWER Financing, headquartered in Washington, D.C., and with offices in Bengaluru, New York City, and Toronto, is a mission-driven fintech company and provider of global educational loans. It is the only student lender in the world that leverages both overseas and domestic credit data, as well as future earning potential, to serve high-promise international and DACA students. MPOWER Financing works with over 350 top universities and colleges across the U.S. and Canada to provide financing to students from over 200 countries. Since 2014, it has received over $1B in loan application volume on its platform. MPOWER Financing helps students build their credit histories and provides them with personal finance education and career support to help prepare for life after school. The team is backed by Zephyr Management, Goal Structured Solutions, Gray Matters Capital, Lloyd Crescendo Advisors, 1776, Village Capital, Potentia, Breega, VARIV, DreamIt, Fresco, Chilango, Common Sense Fund, K Street, and University Ventures.
SOURCE MPOWER Financing
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