TechTouch Asia

Tata Communications, a global digital ecosystem enabler, has acquired a majority equity stake of 58.1% in Oasis Smart SIM Europe (Oasis), a France-headquartered embedded-SIM (eSIM) technology provider. Oasis develops and provides advanced technologies and personalised services to enable the deployment of eSIM and SIM technologies. ESIM solutions offer SIM card capabilities already embedded into devices, so that a separate SIM card does not need to be inserted. Forecasts predict that there will be 2 billion eSIM-enabled devices shipped by 2025. The eSIMs facilitate secure, reliable, and cost-efficient cellular connectivity for Internet of Things (IoT) and machine-to-machine (M2M) applications. They enable significant ease of use for remote provisioning and the ability to connect with multiple mobile network operators, making subscription management easier for the end-users, with an added layer of security. Embedding mobile connectivity into a wide range of devices creates a significa...

Silent Eight , which leverages artificial intelligence (AI) to create custom compliance models for financial institutions, has announced a multi-year partnership with HSBC that will help the bank enhancing its compliance operations. HSBC sought a financial crime partner that could successfully improve its manual processes and existing statistical models to decrease risk while simultaneously increasing efficiency. Following a successful trial period, Silent Eight Alert Resolution is set to be integrated into HSBC’s existing infrastructure to provide case adjudications that are explained and auditable. Silent Eight Alert Resolution investigates, and resolves cases with greater speed, precision and consistency than traditional analysts. "Given the growth in alert volumes and unpredictable spikes driven by global volatility, we saw an opportunity with Silent Eight that would give us the ability to close alerts quickly and accurately," said HSBC’s Group Head of Compliance ...

Digitalisation and automation will continue to drive growth in 2021, says Randstad Singapore, which has just released its 2021 Market Outlook Report for recruitment in 2021. Jaya Dass, MD for Randstad Malaysia and Singapore said, “The increasing focus on digital transformation will no doubt drive talent demand and shape the local workforce in 2021. There will be higher demand for technologists and digitally-adept professionals skilled across all functions and industries. “The fear of uncertainty due to the virus outbreak has very much dictated the climate in 2020, and businesses are likely to remain cautiously optimistic in 2021, depending on the rate of market recovery. With change and innovation as a constant, companies must stay agile and find new pockets of growth in 2021. As a global talent recruitment agency with a strong local market focus, it is important for us to start putting people to work so that we can achieve recovery and growth together.” “There is an ongoing and...