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  • IndiaMart Boosts Spend on AI Solutions, Battling Bogus Listings and Ushering in Enhanced Content Checks

    IndiaMart Boosts Spend on AI Solutions, Battling Bogus Listings and Ushering in Enhanced Content Checks

    IndiaMart, a leading online marketplace in India, intends to significantly boost its investment in artificial intelligence (AI) technologies. The company has announced plans to double spending on AI tools every six months with an aim of mitigating false listings and enhancing content checks, according to a top executive.

    The e-commerce platform operates as a conduit connecting buyers and sellers across a diverse array of categories, including everything from phone accessories and garden equipment to pharmaceuticals and industrial machinery. Unlike many online marketplaces, IndiaMart does not generally oversee the transactions that take place between its users.

    AI to Reinforce Integrity

    To bolster the authenticity and integrity of its platform, IndiaMart has begun utilising AI technologies to detect potential fraudulent accounts through pattern analysis across seller profiles. In addition, the company has introduced real-time voice-to-text tools to expedite processing of buyer requests, tasks previously carried out by call centre staff. This information was shared by Amarinder S Dhaliwal, Chief Product Officer of IndiaMart.

    The issue of counterfeit listings has been a long-standing challenge for the company. In fact, IndiaMart was mentioned in the 2022 ‘Notorious Markets’ list released by the US Trade Representative, which highlighted the issue of counterfeit goods on the platform as a significant concern.

    To combat this, IndiaMart is focusing on the development of AI tools. The company is both creating some of these tools internally and also partnering with external AI firms to tackle the issue.

    Investing in AI

    IndiaMart has been judicious in its approach to AI investment, and has not disclosed its specific budget for this. For context, the company’s total expenses for technology and content in fiscal 2026 amounted to approximately 2.26 billion rupees (US$23.94 million).

    According to Dhaliwal, content on IndiaMart can be classified into two categories: supplier contamination, which refers to sellers with malicious intent infiltrating the platform, and harmful listings, such as drugs or firearms. He noted that AI tools have been instrumental in improving the filtering of such harmful content.

    As of now, IndiaMart facilitates roughly 600 buyer-supplier matches every minute and attracts around 90 million visitors each month. With a current roster of about 220,000 sellers and a buyer conversion rate of nearly 45 per cent, the company is aiming for an ambitious target of hosting 1 million sellers.

    Questions & Answers

    How is IndiaMart using AI to enhance its platform?
    IndiaMart is investing in AI to detect potential fraudulent accounts and accelerate the processing of buyer requests. It’s also using AI to filter out harmful content and counterfeit listings.

    What is the scale of IndiaMart’s operations?
    IndiaMart connects about 600 buyers and sellers every minute and attracts around 90 million visitors each month. It currently hosts approximately 220,000 sellers on its platform.

    What are the company’s future plans?
    IndiaMart intends to double its AI investment every six months to further improve its platform. The company is also aiming to eventually host 1 million sellers.

  • OCBC Pioneers New Securities Financing Division to Optimize Lending Solutions

    OCBC Pioneers New Securities Financing Division to Optimize Lending Solutions

    Singapore’s OCBC Bank has established a new division that is committed to providing loans against idle securities in customer accounts.

    Enabling Efficient Use of Idle Securities

    OCBC Bank has introduced a dedicated securities financing unit that will operate within the global markets division. This unit’s main function will be to activate lendable securities like equities and fixed income, which are held by customers of OCBC Bank and its affiliate businesses OCBC Securities, Bank of Singapore, and Great Eastern.

    The financing unit will be under the leadership of Jansen Chua, the newly appointed head of securities finance. Chua, who officially joined the bank on January 2, will directly report to Kenneth Lai, the head of global markets.

    Chua brings to the table 25 years of international experience spanning across the United States, Europe, Middle East, Africa, and the Asia Pacific. His most recent role was at State Street Bank & Trust Company, where he was the senior managing director and head of financing solutions for the Asia Pacific region. He has led teams in trading, sales, customer management, and product development.

    The Increasing Demand for Securities Financing

    Globally, there has been a noticeable increase in the demand for securities financing. More and more buy-side firms are looking for ways to optimize liquidity, fulfill collateral requirements, and put in place hedging strategies in fluctuating markets.

    In 2025, global securities lending revenues hit an all-time high of $15.3 billion, according to EquiLend Data & Analytics.

    Accessing liquidity and effectively deploying capital has become crucial, especially given the current high market volatility. As a result, securities financing has become increasingly important, and there has been a correspondingly significant rise in demand from institutional customers, according to Lai.

    With Chua’s leadership, the bank is well-positioned to assist its customers as they implement trading and hedging strategies, meet settlement obligations, and optimize capital usage.

    Questions & Answers

    What is the purpose of the new securities financing unit?

    The new unit has been established to mobilize lendable securities such as equities and fixed income held by customers, allowing for lending against these idle securities.

    Who will lead the new securities financing unit?

    The unit will be under the leadership of Jansen Chua, the head of securities finance at OCBC.

    What factors have contributed to the increased demand for securities financing?

    The growing demand is largely due to buy-side firms seeking to optimize liquidity, meet collateral obligations, and implement effective hedging strategies amidst volatile market conditions.

  • Thai Airways Partners With Unilode For Advanced Uld Management: A Leap Towards Operational Excellence And Sustainability

    Thai Airways Partners With Unilode For Advanced Uld Management: A Leap Towards Operational Excellence And Sustainability

    THAI Airways, Thailand’s national airline, has named Unilode Aviation Solutions, a leader in the Unit Load Device (ULD) management, repair, and digital solutions realm, as its provider for comprehensive ULD management services.

    Advancing THAI Airways’ Transformation

    The partnership with Unilode Aviation Solutions signifies a significant stride in THAI Airways’ ongoing evolution, underlining the airline’s commitment to operational excellence, digital innovation, and long-term sustainability throughout its international network.

    After a successful business rehabilitation, THAI Airways is embarking on a new chapter of growth and modernization. The airline’s five-year strategic plan includes a focus on operational excellence, fleet renewal, and digital transformation. It also aims to nearly double its fleet to approximately 150 aircraft by 2033 and expand its market share across essential international markets.

    In collaboration, Unilode will deliver extensive ULD management, maintenance, repair, and digital tracking services across THAI Airways’ international network. This partnership will enhance fleet utilization, decrease operational complexity, and boost reliability for THAI Airways’ passenger and cargo operations.

    Sustainability Goals Alignment

    The alliance with Unilode Aviation Solutions aligns closely with THAI Airways’ sustainability objectives. The pooling of assets across Unilode’s international network results in fewer ULDs required to support operations, thereby diminishing raw material consumption, minimizing waste, and reducing carbon emissions. Unilode’s centralized repair and refurbishment service further prolongs asset lifecycles, promoting circular economy principles and more responsible resource use.

    Unilode’s digital platforms and data-driven insights, leading the market, will offer THAI Airways real-time visibility, improved asset utilization, and enhanced sustainability reporting throughout its operations. Unilode’s Operations Control Centre in Bangkok and a global team of over 800 ULD experts further support the partnership, ensuring local responsiveness and customer success at every interaction.

    Investment and Expansion

    Unilode has made significant investments over recent years, strengthening its infrastructure, expanding its Maintenance, Repair and Overhaul (MRO) footprint, and enhancing its workforce through advanced training, development, and external education programs. These initiatives, coupled with ongoing innovation in digital technology and product development, enable a broader international network and a larger, more flexible pool of assets, yielding higher efficiency, resilience, and service reliability for all airline partners.

    Unilode’s expanding asset base across an increasing number of airports and regions continues to provide tangible benefits to its entire customer network. These benefits include improved operational agility, quicker turnaround times, and greater access to resources and repair capabilities. These investments underscore Unilode’s commitment to long-term growth and customer value creation, reinforcing its position as a global leader in sustainable ULD management.

    As airlines worldwide prioritize sustainability and efficiency, ULD pooling and complete service management are rapidly becoming the industry norm. THAI Airways’ collaboration with Unilode emphasizes its leadership in adopting innovative, environmentally responsible solutions that combine operational excellence with long-term sustainability.

    Expert Opinions

    Ross Marino, Chief Executive Officer at Unilode Aviation Solutions, expressed his delight and pride in becoming THAI Airways’ comprehensive ULD management service provider. He believes that their partnership will yield measurable results, improve efficiency, foster digital transformation, and support THAI Airways’ sustainability goals.

    The Head of Cargo & Mail Commercial at THAI Airways acknowledged the partnership with Unilode as a critical step in their transformation strategy. They believe Unilode’s expertise, global network, and digital solutions will help streamline operations, fortify reliability, and make substantial progress towards sustainability goals.

    Questions & Answers

    What does the partnership between THAI Airways and Unilode Aviation Solutions signify?
    The partnership signifies a significant stride in THAI Airways’ ongoing evolution, reinforcing the airline’s commitment to operational excellence, digital innovation, and long-term sustainability throughout its international network.

    How will Unilode Aviation Solutions assist THAI Airways?
    Unilode will deliver extensive ULD management, maintenance, repair, and digital tracking services across THAI Airways’ international network. This collaboration will enhance fleet utilization, decrease operational complexity, and boost reliability for THAI Airways’ passenger and cargo operations.

    How does this collaboration align with THAI Airways’ sustainability goals?
    By sharing assets across Unilode’s international network, fewer ULDs are required to support operations, thereby diminishing raw material consumption, minimizing waste, and reducing carbon emissions. Unilode’s centralized repair and refurbishment service further prolongs asset lifecycles, promoting circular economy principles and more responsible resource use.

  • Alibaba Unveils Ambitious Expansion Strategy, Transforming Wholesale Business In Southeast Asia

    Alibaba Unveils Ambitious Expansion Strategy, Transforming Wholesale Business In Southeast Asia

    Retail giant Alibaba Group is ramping up its game as it unveils plans to expand its wholesale business, unveiling a transformative strategy that aims to penetrate deeper into Southeast Asia’s burgeoning e-commerce market. With a firm belief in the region’s potential, Alibaba is investing heavily as part of its long-term vision, transforming the traditional wholesale model to meet the evolving demands of today’s consumer landscape.

    Innovations in Wholesale

    Rather than sticking to outdated practices, Alibaba’s latest initiative involves leveraging technology to streamline operations and enhance the customer experience. The company is introducing advanced tools and platforms that promise to simplify the wholesale purchasing process for small and medium-sized businesses (SMBs). Imagine a world where merchants can source products with the swipe of a finger, and you get a glimpse of what Alibaba is bringing to the table.

    This pivot is particularly timely, given the rapid changes in consumer behavior spurred by the pandemic. Retailers are no longer just looking for inventory; they’re seeking innovative solutions that offer flexibility and speed. By marrying traditional wholesale processes with cutting-edge technology, Alibaba aims to provide a seamless shopping experience that empowers SMBs to thrive.

    Regional Growth and Collaboration

    As part of this ambitious expansion, Alibaba is not just going solo. Building partnerships with local players is crucial to its strategy. According to the company, collaborating with regional retailers and distributors will provide invaluable insights into market nuances, enabling Alibaba to tailor its offerings more effectively. It’s a classic case of “together we are stronger,” and a strategy that could well redefine wholesale networks in the area.

    The company’s reach in Southeast Asia has received a notable boost through strategic investments and the establishment of localized platforms, which resonate with the unique cultural patterns of the region. Known for its active engagement with local communities, Alibaba plans to leverage its existing ecosystem to foster deeper relationships with customers and partners alike.

    The Road Ahead

    As Alibaba races ahead with its wholesale ambitions, the company faces competition from other e-commerce platforms that are equally keen to claim their share of the market pie. However, with its robust infrastructure and wealth of experience, Alibaba is poised to set the standard for wholesale in the region. Change is not just inevitable; it’s here, and Alibaba is all set to lead the charge.

    In a region where e-commerce and retail sectors are intertwined yet diverse, Alibaba’s innovative approach has the potential to spark significant change. If this strategy pays off, it could lay the groundwork for a new era in how businesses source products in Asia — and who knows, there might be a bidding war for your favorite new gadgets.

    Questions & Answers

    What is Alibaba’s new wholesale strategy focused on?
    Alibaba’s new wholesale strategy centers on integrating advanced technology into the purchasing process, aiming to streamline operations for small and medium-sized businesses.

    Why is Southeast Asia important to Alibaba’s expansion plans?
    Southeast Asia presents significant growth opportunities in e-commerce, and Alibaba aims to strengthen its presence through partnerships and tailored strategies that resonate with local markets.

    How does Alibaba plan to collaborate with local retailers?
    Alibaba intends to partner with local retailers to gain insights into regional market nuances, fostering deeper relationships that enhance its wholesale offerings.

  • 9Pay Streamlines Payment Solutions, Easing Transactions for Foreign Businesses in Vietnam

    9Pay Streamlines Payment Solutions, Easing Transactions for Foreign Businesses in Vietnam

    Vietnam is rapidly positioning itself as a go-to destination for foreign direct investment (FDI), yet many international businesses are still grappling with the complexities of payment operations. Issues such as local collections, disbursements, and cross-border payments present formidable barriers. Here, licensed domestic payment intermediaries like 9Pay are stepping up to address these hurdles.

    As reported by the Ministry of Planning and Investment, Vietnam’s registered FDI soared to nearly $18.4 billion by the end of May 2025, representing a remarkable 51.2% year-over-year increase. However, this surge doesn’t necessarily translate to a smoother operating environment, particularly for foreign firms entering the Vietnamese market for the first time.

    Despite holding legal registration and investment licenses, many FDI companies face significant challenges with domestic payment collection, local payment channel integration, and processing cross-border transfers. According to 9Pay, an intermediary licensed by the State Bank of Vietnam, three main factors contribute to these ongoing issues.

    Complex Procedures Hinder Profit Repatriation

    Repatriating profits or making payments to overseas service providers is a complicated affair in Vietnam. The EuroCham Q1 2025 Business Confidence Index shows that over 70% of European businesses report “little or no improvement” in administrative procedures. Companies find that outbound payments often take much longer than expected due to stringent documentation requirements, encompassing invoices, contracts, financial statements, and tax approvals. To add another layer of complexity, foreign exchange regulations demand strict compliance with commercial banks, which can be notably inflexible.

    Struggling to Access Local Payment Solutions

    While over 90% of domestic transactions are conducted via digital channels—bank transfers, QR codes, and e-wallets—foreign companies in sectors like e-commerce and logistics are often hamstrung by language barriers and unclear regulations. The absence of end-to-end service providers only compounds their difficulties.

    Endless Barriers to Opening Corporate Accounts

    To set up a corporate bank account, businesses must navigate a minefield of documentation, including investment certificates, capital contribution paperwork, rental agreements, and tax codes, with the entire process taking anywhere from three to six weeks. For those without a Vietnamese legal entity or local representative office, this requirement can be especially daunting. Currency volatility and the costs associated with foreign exchange only add to the challenges businesses face.

    In this evolving landscape, licensed payment intermediaries like 9Pay are crucial to developing Vietnam’s digital financial infrastructure. Positioned as a strategic partner for international companies across sectors such as e-commerce, fintech, and education, 9Pay aims to bridge the gap between Vietnam’s domestic market and global businesses.

    9Pay: More than Just a Payment Processor

    “We are more than just a payment solution provider; we are financial and legal partners who understand the intricacies of the Vietnamese market,” asserts Nguyen Quang Thinh, CEO of 9Pay. This initiative helps foreign enterprises navigate everything from payment integration to cash flow optimization, all while ensuring compliance with local regulations tailored to the specific needs of each business.

    With an expansive digital financial ecosystem, 9Pay enables businesses to accept payments via popular Vietnamese methods, including bank transfers, QR codes, e-wallets, and domestic cards. Remarkably, it’s one of the few intermediaries in Vietnam able to handle high transaction volumes swiftly and securely, making it a go-to solution for e-commerce platforms.

    Empowering Foreign Enterprises

    Further amplifying its services, the 9Pay e-wallet offers a user-friendly personal payment system that equips Vietnamese users with the tools to deposit, withdraw, pay bills, and seamlessly transact with businesses. By processing sales revenue, refunds, and payments to partners with impressive speed and accuracy, 9Pay removes some of the stress from the equation.

    Thanks to robust technology infrastructure and 24/7 customer support, 9Pay assists partners in managing cash flow needs efficiently, enhancing operational effectiveness while minimizing financial strain. The company’s ability to tap into synchronized data allows it to accurately predict emerging client needs, making it a preferred choice among banks and partners.

    Operating under the esteemed PCI DSS (level 1) security certification, 9Pay collaborates with over 50 domestic banks and e-wallets. Its impressive partner roster includes major financial organizations like MasterCard, VISA, and various prominent Vietnamese banks, positions it as a heavyweight in the payment intermediary arena.

    Future Ambitions and Market Positioning

    In an increasingly complex regulatory landscape, 9Pay offers foreign companies not just advanced technology but also the expertise to navigate Vietnam’s intricate legal and tax frameworks. As such, international firms can minimize legal risks while optimizing their operations.

    “Our goal is to standardize payment records, helping businesses navigate these complexities effortlessly,” adds Thinh. Businesses simply need to coordinate with 9Pay to manage all transactions, eliminating the need to juggle multiple banks or service providers while ensuring full legal compliance.

    By 2027, 9Pay aims to establish itself as Vietnam’s leading digital finance platform for foreign investors, providing comprehensive solutions that span payment technology, cash flow management, tax compliance assistance, and operational efficiency boosts. The focus will be particularly strong on sectors like cross-border e-commerce and digital services, which are witnessing high transaction volumes.

    Currently, 9Pay supports over 1,000 foreign enterprises, chiefly from Singapore, South Korea, China, Hong Kong, and the EU, with ambitions to double this number within three years. In 2025, the company targets an annual revenue growth of 30% from its FDI clients as demand for cash flow management surges.

    As global supply chains undergo significant adjustments in the aftermath of the pandemic, Vietnam emerges as a pivotal nexus for international business. To effectively capitalize on this dynamic landscape, foreign firms need proficient, legally compliant, and locally attuned financial platforms. With a partner like 9Pay, they can unlock operational efficiency and regulatory assurance amid the intricacies of Vietnam’s business environment.

    Founded in 2018, 9Pay Joint Stock Company is a licensed intermediary by the State Bank of Vietnam, delivering a suite of comprehensive financial solutions, including e-wallet services, payment gateways, and the innovative TingTing Payment Sound Box.

    Questions & Answers

    What challenges do foreign direct investment firms face in Vietnam?
    Foreign businesses often struggle with complicated administrative procedures, lengthy documentation for profit repatriation, and integration with local payment solutions due to language barriers and unclear regulations.

    How does 9Pay aid foreign businesses operating in Vietnam?
    9Pay functions as both a financial partner and a payment intermediary, providing tailored solutions that simplify payment integration, enhance cash flow management, and ensure compliance with local regulations.

    What are 9Pay’s future goals in the financial services sector?
    9Pay aims to become Vietnam’s leading digital finance platform for FDI firms by 2027, expanding its offerings to include comprehensive payment solutions and aiming for annual revenue growth of 30% from its foreign clients.

  • Sahabat-AI: Empowering Indonesia’s Multilingual Landscape with Innovative Solutions

    Sahabat-AI: Empowering Indonesia’s Multilingual Landscape with Innovative Solutions

    In a groundbreaking initiative that positions Indonesia at the vanguard of Southeast Asia’s artificial intelligence (AI) evolution, PT GoTo Gojek Tokopedia Tbk (GoTo Group) and Indosat Ooredoo Hutchison (Indosat) have officially launched an enhanced version of their open-source large language model (LLM), Sahabat-AI.

    Originally unveiled in November 2024 during Indosat’s Indonesia AI Day, Sahabat-AI has swiftly transitioned from a burgeoning project to an essential pillar of Indonesia’s digital transformation. This latest enhancement not only broadens Sahabat-AI’s capabilities but also strengthens its role as a reflection of Indonesia’s identity, cultural diversity, and aspirations within the AI sphere.

    The introduction of the new 70-billion parameter Sahabat-AI model is a remarkable leap from earlier versions, which were limited to 8 and 9 billion parameters and downloaded over 35,000 times from Hugging Face. This surge in interest highlights a growing hunger for locally-developed AI solutions, particularly those that are community-oriented. With its revamped architecture, the new chat service promises not only improved speed and accuracy but also a sharper intellect.

    Equipped with robust reasoning skills, Sahabat-AI can now tackle complex user inquiries with natural, insightful responses in a variety of languages. This includes five of Indonesia’s major local tongues: Bahasa Indonesia, Javanese, Sundanese, Balinese, and Bataknese, alongside several international languages.

    Bridging Language and Technology

    The multilingual capabilities of Sahabat-AI highlight an important crossroads of technology and culture in Indonesia, a nation rich with over 700 local dialects spread across its 17,000 islands. By incorporating Bahasa Indonesia into its ecosystem, Sahabat-AI aims to foster digital inclusivity, cultural significance, and national technological autonomy. With around 35 million native speakers and over 150 million who use it as a second language, Bahasa Indonesia serves as a vital unifying medium in this diverse country.

    This focus on Bahasa Indonesia helps dismantle linguistic barriers that previously excluded many from accessing AI-driven services, enabling a broad swath of the population to engage with advanced technology in their mother tongue.

    All training, storage, and deployment occur within Indonesia, utilizing Indosat’s sovereign AI infrastructure, GPU Merdeka. This not only reinforces national compliance but ensures user data stays within the country’s borders.

    The addition of Sundanese, spoken by approximately 39 million people, further enriches the cultural tapestry. By enabling Sahabat-AI to comprehend and reply in Sundanese, Indosat promotes regional equity and allows AI’s benefits to reach out into the heart of local communities. West Java, a densely populated economic hotspot, stands to gain tremendously as Sundanese speakers access AI tools in their native language, enhancing educational resources and entrepreneurial opportunities.

    Empowering Culture and Community

    Sahabat-AI provides a culturally attuned solution, especially for digitizing traditions and supporting tourism.

    By incorporating Balinese, Sahabat-AI can facilitate the digitization of traditional rituals and the preservation of temple manuscripts, while also developing voice-to-text applications that support multiple speech levels: Bali Alus, Madya, and Kasar.

    This technological leap is set to significantly boost cultural tourism by providing translations, guided tours, and interactive experiences for visitors embracing Balinese culture. As North Sumatra rises as a digital and ecotourism hub, particularly near Lake Toba, the inclusion of Bataknese ensures that local traditions and languages remain vibrant in the digital era. Sahabat-AI is poised to play a crucial role in digitizing traditional events and supplying real-time translation services to tourists, thereby enabling local communities to showcase their cultural heritage worldwide.

    Within educational environments and community spaces, Sahabat-AI acts as a bridge between age-old teachings and modern technological access, ensuring that the Balinese language not only survives but thrives in contemporary settings. Who knew the path to preserving a language could be paved with AI?

    Fortifying AI Infrastructure

    The backbone of Sahabat-AI is Indosat’s GPU Merdeka, a sovereign AI cloud infrastructure that assures data residency, regulatory compliance, and real-time capabilities for training and inference, all while safeguarding data within Indonesia. This is a key element of digital sovereignty, which has been emphasized by both government figures and corporate leaders.

    Vikram Sinha, President Director and CEO of Indosat, elaborated:

    “Through GPU Merdeka, our sovereign AI cloud, we’re establishing the digital foundation that guarantees AI innovation is not only advanced but also nationally secured, culturally relevant, and equitably accessible. Sahabat-AI is more than just a model; it’s a national asset powered by collaboration and designed for all Indonesians.”

    The local hosting and sovereign architecture of the model lay a robust groundwork for public sector integration. In an era when secure, domestically developed digital services are prioritized, Sahabat-AI sets a blueprint for AI-enabled governance, public health initiatives, language education, and localized content regulation.

    From a business perspective, GoTo Group is integrating Sahabat-AI into the GoPay app—one of Indonesia’s most widely utilized digital platforms—demonstrating the practical utility of AI in everyday life. Whether enhancing customer service or improving financial literacy, the chatbot transforms into a daily digital ally.

    Patrick Walujo, CEO of GoTo Group, reinforced this ambition. He remarked, “Its multilingual capability, paired with increased precision, allows Sahabat-AI to cater more effectively to the varied needs of individuals and businesses throughout Indonesia. It reflects our commitment to digital sovereignty and aligns with President Prabowo’s vision for technology that is both locally developed and hosted.”

    He further noted, “By collaborating with Indosat and a wide array of partners, we’ve crafted a platform that is smarter, faster, and more affordable. We’re making the Sahabat-AI chat service available via the GoPay app, ensuring millions can reap the rewards of this uniquely Indonesian LLM. It’s already making a tangible difference across the GoTo ecosystem, reducing costs, enhancing service quality, and deepening engagement.”

    Strengthening the National Agenda

    National leaders are also voicing their support for Sahabat-AI as a vital element of Indonesia’s future. Luhut Binsar Pandjaitan, Chairman of the National Economic Council, emphasized, “Data sovereignty isn’t merely a technical matter; it’s fundamental to our independence in this digital age. I commend GoTo and Indosat for spearheading the Sahabat-AI ecosystem and for fostering technological innovation rooted in our national identity. By crafting AI solutions that understands our uniquely diverse linguistic and cultural landscape, we are ensuring that digital transformation benefits all Indonesians.”

    With a focus on local languages, sovereign infrastructure, and open collaboration, GoTo and Indosat are championing a national agenda for any nation eager to leverage AI without compromising its unique cultural essence.

    Questions & Answers

    What is Sahabat-AI and why is it significant for Indonesia?
    Sahabat-AI is an open-source large language model developed by GoTo Group and Indosat. Its significance lies in its enhancement of digital inclusivity and cultural relevance, making AI services accessible to Indonesians in their native languages while ensuring compliance with local regulations.

    How does Sahabat-AI promote regional equity in Indonesia?
    By including local languages such as Sundanese and Bataknese in its repertoire, Sahabat-AI empowers speakers to engage with AI tools, thereby enhancing digital accessibility, educational opportunities, and boosting local entrepreneurship in regionally significant areas.

    In what ways will Sahabat-AI impact tourism in Indonesia?
    Sahabat-AI enhances tourism by digitizing traditional rituals, providing translations, and offering interactive experiences in local languages, which not only helps preserve cultural heritage but also allows local communities to connect with visitors and share their culture more effectively.

  • Swiss Fintechs Unveil Streamlined Access to Institutional Crypto Investment Solutions

    Swiss Fintechs Unveil Streamlined Access to Institutional Crypto Investment Solutions

    In an exciting collaboration, Swiss crypto specialist Sygnum Bank and Zurich-based fintech GenTwo are streamlining the process for institutions looking to launch crypto investment strategies. Announced on Thursday, this new partnership significantly simplifies the pathway for financial institutions to introduce crypto products to the market, ensuring speed and minimizing friction.

    Innovative Offering for Institutions

    The joint offering beautifully intertwines GenTwo’s asset securitization platform, designed for Actively Managed Certificates (AMCs), with Sygnum’s robust crypto infrastructure. This powerful combination allows the swift creation of diverse products, including token baskets, staking portfolios, and crypto yield strategies—all without the constraints of traditional fund structures, onboarding delays, or the need for fiat transactions.

    Tailored Use Cases for Diverse Needs

    This initiative specifically targets institutional investors and intermediaries such as banks, asset managers, and family offices. Potential use cases are as creative as they are practical, including Bitcoin and Ether income portfolios, thematic investments in Web3, and daily net asset value (NAV) staking baskets. It also paves the way for banking institutions to dip their toes into crypto strategies without fully committing to large-scale fund structures.

    Unlocking Digital Asset Growth

    Philippe A. Naegeli, co-founder and CEO of GenTwo, expressed his enthusiasm, stating, “This is about unlocking the next chapter of digital asset growth. We’ve built the infrastructure needed for institutions to innovate with reduced operational friction, from front to back.” Meanwhile, Sygnum’s Chief Product Officer Dominic Lohberger emphasized that this collaboration merges Sygnum’s regulated digital asset offerings with GenTwo’s agile structuring platform. He also noted the significant reduction in counterparty risk through the innovative Sygnum Protect and the option for in-kind crypto subscriptions.

    With this partnership, the crypto landscape is not just evolving; it’s doing a little dance! Will we see financial institutions break out in dance over cryptocurrency, too?

    Questions & Answers

    What is the goal of the Sygnum and GenTwo partnership?
    The partnership aims to make it faster and easier for institutions to launch crypto investment products, thus unlocking the potential for digital asset growth.

    What types of products can institutions create through this new offering?
    Institutions can develop a range of products such as token baskets, staking portfolios, and crypto yield strategies without relying on traditional fund structures.

    Who is the target audience for this initiative?
    This initiative is specifically designed for institutional investors and intermediaries, including banks, asset managers, and family offices, looking to venture into the crypto space.

  • Octopus’ retail management solutions now implemented in Asus stores across China

    Octopus’ retail management solutions now implemented in Asus stores across China

    Octopus Retail Management (Octopus), the retail technology provider used by leading businesses to make retail smart and personal, today announced that its cutting-edge point-of-sale (POS) suite of solutions has been successfully implemented in Asus locations across China.

    Octopus’ solutions have been rolled out for Asus stores across 16 cities in China — including Beijing, Shanghai, Guangzhou, Shenzhen and Hangzhou, among others — creating a connected infrastructure and eliminating the complexity of managing its network of stores. Octopus’ smart retail technology gives Asus real-time visibility over the cloud to monitor sales, run promotions and manage inventory more efficiently.

    Importantly, Octopus’ customizable solutions have been integrated with the Alibaba iStore system, including Customer Relationship Management (CRM) integration and payment integration.  This seamless integration allows Asus to drive omnichannel sales and enhance the customer experience both in store and online.

    “The retail space is transforming rapidly. We wanted a retail software solution that would integrate with Alibaba CRM and allow seamless promotions and inventory management across our network of stores in China. Partnering with Octopus will enable us to achieve that and deliver an enhanced shopping experience for our customers,” said Wu Rui, Project Director at Asus.

    “We are proud to be selected by Asus to deliver our software solutions to drive their retail business forward,” said Ong Whee Shiong, Managing Director of Octopus. “More than ever, customers expect retailers to provide a personalized and seamless shopping experience across all channels. Octopus’ smart retail technology will enable Asus to manage their store network across China to enhance their business productivity and drive store experiences that exceed their customers’ expectations.”

  • The Importance of Regular Underwater Inspections

    The Importance of Regular Underwater Inspections

    Combining the experience of professional divers with certified ship repair knowledge, underwater inspections can help keep your vessel in top shape for years to come. Though only a small monetary investment, the inspections can offer an incredible return as you save enormous amounts of money on repairs that would be done when problems become more severe.

    By using a professional underwater inspection service, you can find a wide variety of potential issues that may slowly be damaging your ship. Bent or damaged propeller blades, hull corrosion and cracks, leaking thruster seals, damaged rudders, obstructed sea chests and many more common issues can be identified immediately. By completing a thorough inspection, the dive team provides an intensive report that outlines all the issues with the vessel and the possible fixes.

    These reports allow ship owners to understand the true condition of their vessel, which lets them decide whether or not they immediately want to repair the problem. In almost all cases, it is recommended that the repairs be done as soon as possible, as they only worsen with time and can lead to safety issues, expensive repairs and the ship being out of commission for weeks.

    Prior to the inspection process, the team will speak to the vessel owner to get an early understanding of any issues that may already be known. This will allow them to focus on those problematic areas to gain a better idea of where exactly the damage lies.

    Save Money by Inspecting Before You Drydock

    As any vessel owner knows, drydocking is an extremely expensive and time consuming process which means your ship can be unusable for an extended period of time. By conducting an underwater inspection before you drydock, you may be able to save large amounts of time and money through a simple underwater welding or maintenance job.

    Furthermore, ship owners avoid the potential issue of a low quote before the boat comes out of the water, then the repair company exponentially increasing the price once the boat is in the drydock.

    Fast and Efficient Inspections

    The biggest benefit of an underwater inspection is the short amount of time it takes to get a full understanding of the condition of the vessel. The diving experts can come to your ship quickly and the entire process only takes hours, meaning that you will immediately know if you are in need of repairs or if you can continue on your voyage. Also, the price quotes come almost instantly, so you can budget for the appropriate repairs when they are necessary.

    Antwerp Underwater Solutions and HC Diving offers full underwater inspection services carried out by our expert certified diving teams. Affordable and fast, we can help you discover any issues with your vessel to help save money by avoiding drydocking and having your ship repaired as soon as possible.