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Customer Due Diligence: Why and How?

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Customer-related risk assessment is highly important to any organization. That’s why companies process information from each prospective customer to maintain the needed level of organizational supervision.

Proper customer due diligence (CDD) is what institutionalizes this process. Proper CDD utilizing makes companies aware of the smallest risk and helps identify the highest risks, including fraud.

CDD is a legal requirement for businesses in the US and many other countries with EDD (Enhanced Due Diligence) required for dealing with clients from the KYC high-risk category. [Read more…] about Customer Due Diligence: Why and How?

What Role is AI and Technology Playing in the Fight Against Covid-19?

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With no effective antiviral therapy or vaccine currently available, the strategy for managing Covid-19 in October 2020 and into the foreseeable future; could be best described as “containment, tracking and mitigation”.

Digital technologies have been key in the management and ‘flattening of the curve’ in terms of infection rates across many countries. Surveillance, testing, contact tracing, quarantine and health care can all potentially benefit from the integration of digital technology. [Read more…] about What Role is AI and Technology Playing in the Fight Against Covid-19?

A Guide to Understanding Internet-Based or IP Protocol Geolocation API

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Do you know the location of your online clients? Can you identify whether the right clients in your network are all approved to access its information? Can you notice and block wary devices and traffic?

If “no” is your answer to the above questions, then you may be in trouble. Businesses are progressively aware that geographical information must be used to bring ought online efforts to the fullest prospective. Yet that is not as simple as it may sound.

Being efficient here needs leveraging the website client’s whereabouts, particularly with the information captured from their IP addresses. That is possible with IP Geolocation API. Here is an ultimate review of its competences. [Read more…] about A Guide to Understanding Internet-Based or IP Protocol Geolocation API

Rozum Café develops collaborative robotic system for coffee-making and serving

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Rozum Robotics has developed a collaborative robotic system for coffee-making and serving, calling it Rozum Café. (See video below.)

The labor shortage is a common challenge in manufacturing. Human-robot collaboration is a promising solution to this problem.

Production lines, where a human and a robot can work shoulder by shoulder, unite robotic efficiency and human creativity. [Read more…] about Rozum Café develops collaborative robotic system for coffee-making and serving

How AI is Changing the Insurance Sector

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Whether you own a business or drive a car, insurance is important to protect your investments and prevent you from sinking in the event of a serious and costly accident or act of malice.

People need to address risk, so they turn to insurance carriers that offer the best premiums for their needs.

To do so, these carriers will have to improve their processes so they can better service their clients. [Read more…] about How AI is Changing the Insurance Sector

The Future of Finances – A Digital Banker

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As a consumer, the most beneficial aspect of modern banking is the ability to have your money by your side at all times.

This easy access to your money will save you from having to make your way to the bank every time one of your accounts runs low and you need to transfer.

As a banker, there is a growing demand for banks and financial institutions to implement this digital method of banking. Consumers want their money whenever and wherever they can get to it. [Read more…] about The Future of Finances – A Digital Banker

Rockwell Automation partners with Accenture to create digital solutions for industrial clients

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Rockwell Automation and Accenture’s Industry X.0 are teaming up to develop a digital offering to help industrial clients “move beyond existing manufacturing solutions to transform their entire connected enterprise”.

The engagement is designed to capitalize on the expertise of both companies to deliver new capabilities for greater industrial supply chain optimization.

By providing customers with a single, trusted provider of digital solutions, the collaboration will enable clients to more effectively leverage the industrial internet of things and ultimately drive measurable growth outcomes. [Read more…] about Rockwell Automation partners with Accenture to create digital solutions for industrial clients

BlueBotics says 1,750 AGVs worldwide now use its Ant navigation system

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Just over a year after supplying its 1,000th ANT navigation unit to Swiss customer Cleanfix, BlueBotics says it has now surpassed 1,750 ANT-driven AGVs in operation.

ANT stands for “Autonomous Navigation Technology” and is a hardware-plus-software solution offered by BlueBotics in a variety of configurations.

Nicola Tomatis, CEO of BlueBotics, says: “As we close in on 2,000 vehicles running around the world, we find ourselves considering how we achieved this success. [Read more…] about BlueBotics says 1,750 AGVs worldwide now use its Ant navigation system

JMP Solutions earns new control system integration certification

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JMP Solutions, industrial technology partner to Fortune 1000 companies, has earned CSIA Certified status in the Control System Integrators Association “Best Practices and Benchmarks” certification program.

This marks the 13th year JMP has held this coveted certification with CSIA, after receiving its initial certification in 2006. JMP is one of only 83 companies in the world that is CSIA certified.

JMP Solutions earned the certification following a successful audit administered by an independent consulting firm that assessed its performance against client-centric criteria in a wide range of business, project management, and system development categories. [Read more…] about JMP Solutions earns new control system integration certification

JMP Solutions acquires Hi-Def Controls

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JMP Solutions has acquired Calgary-based Hi-Def Controls, enhancing their presence in Western Canada while benefitting from additional competencies specifically in the oil and gas, water and wastewater, and power systems industry segments.

The two organizations say they are “a natural fit” not only due to their focused industry alignment, but most notably, their common customer-centric philosophy, which revolves around supporting their clients throughout the lifetime of their systems, not just for the length of the project; a culture which truly sets them apart from the bulk of the System Integrator market.

Scott Shawyer, JMP president and CEO, says: “We are very happy that the Hi-Def team has decided to join us at JMP. Their capabilities are world class and allow us to ensure our customers have effective strategies in place for managing and optimizing their systems, information and technologies. [Read more…] about JMP Solutions acquires Hi-Def Controls