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FUTURICE AND PELTARION PARTNER UP TO EMPOWER CLIENTS WITH OPERATIONAL AI

AI leader enlists innovation expert to drive affordable, real-world AI applications across all industries

 

Peltarion, a leader in operational artificial intelligence (AI), is partnering with international digital engineering and innovation consultancy, Futurice, to help make AI useable and affordable for all.

 

Peltarion helps customers create real-world AI applications at scale and at speed. It dramatically cuts the cost and complexity associated with technologies like deep learning by reducing the need for specialist skills and infrastructure through its cloud-based Operational AI Platform.

 

“At present, organisations are just scratching the surface of what AI can do,” comments Luka Crnkovic-Friis, CEO and co-founder of Peltarion. “Peltarion and Futurice are aligned in their vision that technology is a powerful tool for change and will work together to make AI widely available for all.”

Futurice’s focus on innovation includes digital product design and build, and encouraging its customers to embrace emerging technologies, agile software development and lean organisational change.

 

“AI is not only a powerful tool for change, but also for creating value. To reap the benefits, companies need to both play to their strengths and learn a bunch of new tricks,” says Vice President Claes Kaarni from Futurice. “It’s important to keep in mind that user-centricity still carries the day. Fundamentally, we are out to demystify AI and machine learning, and Peltarion is a great partner for it.”

 

With a shared presence in the UK and the Nordics, Futurice’s partnership with Peltarion is based on deep technological understanding, engineering talent and a complementary client base that’s focused on innovation. As a consulting partner, Futurice will work closely with Peltarion to make deep learning more accessible for a wide range of companies and organisations.

 

“Deep learning is the future and has the potential to transform all types of organisations, industries and use cases. Together, we want to unleash the potential of AI, which goes well beyond chatbots – it’s a game-changer across many markets,” says Crnkovic-Friis.

 

Real-world industry applications include diagnostics and treatment in healthcare, image classification in retail and eCommerce, process automation and predictive maintenance in manufacturing, forecast modelling in weather predictions, demand forecasting in logistics and supply chain, personalisation in music and media ‘you might like this’ suggestions, self-driving cars and forecasting in finance.

 

With industries investing aggressively in projects that utilise AI software capabilities, IDC forecasts that worldwide spending on AI systems will reach $35.8 billion in 2019, an increase of 44 percent over the amount spent in 2018.

 

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HSBC JOINS BIAN TO COLLABORATE ON IT ARCHITECTURE DEVELOPMENT

The global bank brings an international perspective to the not-for-profit organisation

 

BIAN, the independent not-for-profit, and HSBC today announce that the global bank has joined the organisation to help develop its IT architecture through the use of common standards. By tapping into the industry collaboration offered by BIAN’s members, HSBC will be able to focus on priorities that will best serve its customers’ needs both now and in the future.

 

HSBC is one of the world’s largest banking and financial services organisations. It serves more than 40 million customers across 64 countries globally, and is digitising at scale to open up opportunities around the world for its customers, while transitioning to a net zero footprint.

 

As the financial services industry continues to adapt to new and existing regulations, banks like HSBC with worldwide coverage, need to ensure their systems are highly-resilient, operate at scale and are able to deliver change at pace.

 

Attracted to BIAN because of its comprehensive industry reference models, openAPI exchange and proof-of-concept projects, such as the coreless banking initiative, Dan King, Chief Technology Architect at HSBC, said, “The continuous improvement of our IT architecture is a crucial enabler of excellent customer experience and growth. Our customers come first, and keeping up with their needs is essential and highly-dependent on our IT systems. One of BIAN’s main selling points is its coreless banking initiative, which promotes a more efficient and effective approach to modernising banking software. This initiative is incredibly interesting to us, as we look to future-proof our technology architecture.”

 

Due to the scale of its business, HSBC brings a wealth of perspective to BIAN. HSBC has collective knowledge of many technologies and techniques, meaning that BIAN’s members can benefit and learn from their experience. BIAN will also benefit from HSBC’s international perspective and regional knowledge.

 

Hans Tesselaar, Executive Director of BIAN, said, “We’re proud to welcome HSBC to our growing organisation. As we continue to drive innovation across the industry, our members will undoubtedly benefit from HSBC’s wealth of experience and expertise. Collaboration is truly key to the success of our industry, and I look forward to our future, with our members by our side.”

 

Steve Van Wyk, Global CIO at HSBC, said, “As the chair of BIAN’s Executive Board, I am hugely passionate about the role BIAN plays across the industry, and I am excited to welcome my colleagues at HSBC to the organisation. As an industry, we have common challenges, and by collaborating, we can overcome them to create an even more resilient and innovative sector.”

 

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DELOITTE ADVISES AL FALEH EDUCATIONAL HOLDING ON ITS DEBUT LISTING ON THE VENTURE MARKET OF QATAR STOCK EXCHANGE

Deloitte Middle East acted as the listing advisor for Al Faleh Educational Holding Q.P.S.C. (Al Faleh) for listing of 240 million ordinary shares on the Venture Market of Qatar Stock Exchange (QEVM) on 13 April 2021. The listing and admission to trading of shares on QEVM has been approved by the Qatar Financial Market Authority and the Qatar Stock Exchange (QSE).

 

QEVM provides an alternative venue for listing and trading of shares for Small and Medium Enterprises (SMEs) who are unable to meet the higher capital and other requirements of the main market of QSE. Al Faleh Educational Holding will be the first to list on QEVM and also the first in the education sector to go public in Qatar.

 

Robin Butteriss, Partner, Corporate Finance Advisory at Deloitte Middle East led this landmark transaction. “We are very pleased to have successfully led and managed a complex transaction process that resulted in the debut listing on QEVM. The experience and capabilities of the Financial Advisory team in Qatar played a major role in supporting Al Faleh Educational Holding transition to the next phase of growth and development”, commented Butteriss.

 

Walid Slim, Partner at Deloitte Middle East supported Al Faleh throughout and worked closely with the Qatar Stock Exchange. “The QEVM, as a platform, provides similar companies opportunities to accessing capital markets and diversify sources of funding, which will support future activity. ”commented Slim.

 

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