CredoLab, a developer of smartphone-based digital scorecards for banks and non-bank financial institutions, is expanding into insurance credit scoring by making its smartphone credit scoring solution available to insurers and personal finance comparative websites worldwide.
Launched today, CredoInsure is an extension of the company’s current smartphone behaviour-driven credit scoring solution for banks, consumer finance companies, digital lenders, auto lenders and retailers. CredoInsure helps insurers analyse the creditworthiness of a customer in less than 30 seconds through a set of solutions that come in the form of a standalone white label solution, an API or as an additional characteristic in the client’s existing pricing engine. CredoInsure is targeted at insurers facing increasing customer acquisition costs, low persistency, and high number of lapsed premiums.
Peter Barcak, co-founder and CEO of CredoLab, said, “We see tremendous potential in using AI to help the insurance industry through smartphone behavioural data that can predict consumer repayment behaviour. Our technology helps insurers increase their product profitability in year one while also improving the number of paying customers over a longer period of time. We will also work with personal finance comparative websites that serve as platforms in pre-selecting and pre-qualifying leads for their insurance partners.”
CredoLab’s expansion into insurance scoring marks an organic move by the company into markets that remain significantly under-penetrated at around 2%, significantly below the global average penetration rate of 3.5%. The company’s move into this space underscores an expanding middle class in need of personal, life and travel insurance products as their incomes rise and standards of living improve.
Currently operating across 15 markets worldwide, CredoLab will target the personal, life and travel insurance space in its existing Asian emerging markets of Vietnam, Indonesia, Philippines and India. Last year CredoLab partnered with Singapore-based personal finance comparison website GoBear to extend its reach to the underbanked market in Southeast Asia through its Easy Apply smartphone app; allowing banks, financial institutions and lenders to extend personal loans, credit cards and insurance products via non-traditional smartphone-based credit scoring.
CredoInsure analyses over 500,000 features from a user’s smartphone, working in harmony with existing technology to connect the dots that traditional methods can’t. Via the use of artificial intelligence and proprietary algorithms, CredoLab turns mobile device metadata into highly predictive credit risk and anti-fraud scorecards. Users’ smartphone behaviour is tracked anonymously through their digital footprint.
The global virtual diagnostics market industry analysis projects the market to grow at a significant CAGR of 15.52% during the forecast period, 2019-2030
New York, April 01, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Virtual Diagnostics Market: Focus on Type of Diagnosis, End User, Region, Patent Scenario and Competitive Landscape – Analysis and Forecast, 2019-2030” – https://www.reportlinker.com/p05878937/?utm_source=GNW
• What are the major market drivers, restraints, and opportunities in the global virtual diagnostics market?
• What are the expected regional and global scenarios of the virtual diagnostics market, and the growth potential of each country in various regions?
• What are the key development strategies being implemented by the key players in this market?
• What are the key regulations governing the manufacturing and commercialization of various products in the global virtual diagnostics market?
• What is the expected growth of the virtual diagnostics market in the forecast period 2019-2030?
• What are the leading companies dominating the global virtual diagnostics market?
• How are the key players of the virtual diagnostics market expected to grow in the forecast period?
• What was the market value of the leading segments of the global virtual diagnostics market in 2018?
• How is each segment of the global virtual diagnostics market expected to grow during the forecast period, and what is the estimated revenue generation by each of the segments by the end of 2030?
• Which region is expected to contribute the highest sales in the global virtual diagnostics market during the forecast period?Clare: firstname.lastname@example.org
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Global Privacy & Cybersecurity Industry Report 2020-2030 – Technological Advancements, Future Implications, Scenarios, Opportunities, and Strategic Recommendations
Dublin, April 01, 2020 (GLOBE NEWSWIRE) — The “The Future of Privacy and Cybersecurity, Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.
This study explores the rapidly-evolving landscape of privacy and cybersecurity triggered by a rise in the number of connected devices.
By 2030, a complex mesh of 91 billion devices around the world will exist, with over 10 connected devices per human. Every connected device in a smart home or city will be a potential access point to our most sensitive and personal data. This constantly-evolving IoT landscape will expand beyond the traditional network in use today and will result in increasingly complex privacy and cybersecurity challenges. Readers of the study will gain insight into these challenges in terms of understanding various new endpoints of privacy and cybersecurity, new types of threats looming in the industry, and efforts being made to fight them.The publisher looks at numerous technology topics such as artificial intelligence (AI), data de-identification, advanced authentication and encryption, biometrics, blockchain, automation and quantum computing and its ability to transform privacy and cybersecurity. For each technology, its significance, impact on privacy and cybersecurity, as well as application potential are discussed. Over 20 innovation examples and emerging business models are provided throughout the study to serve as guideposts for readers.Key Topics Covered
1. Executive SummaryKey FindingsIntroduction to Study2. Strategic Context – Rise of IoT and Connected DevicesIntroduction – IoT Ubiquity and the Connected World: 2030Introduction – Expanding Network Security LandscapeIntroduction – Threats to the Future Connected Ecosystem3. Future of Privacy Overview – Global Regulatory Landscape and the State of Digital TrustGlobal Regulatory Landscape – A Universal Vision’ for PrivacyThe Digital Trust’ Crisis – Declining Customer Trust in EnterprisesThe Digital Trust’ Crisis – Facebook’s Breach of User PrivacyThe Digital Trust’ Crisis – Rise of Distributed Trust4. Technological Advancements Influencing Future of PrivacyTechnologies to Mitigate Privacy RisksData De-identification and Re-identification – Opportunity or Threat?AI and the Rise to Digital Un’freedomCase Study – Mass AI Surveillance: Curious Case of ChinaBiometrics for Privacy Vs. Biometrics for Convenience5. Future Implications, Scenarios, Opportunities, and Strategic RecommendationsPrivacy & Disinformation Risks and Future ImplicationsFour Distinct Future Privacy ScenariosScenario 1 – Privacy as a RightScenario 2 – Privacy as a LuxuryScenario 3 – Privacy as a UtilityScenario 4 – Privacy as a CommodityOpportunity Analysis by IndustryMacro-to-micro – Strategic Recommendations6. Future of Cybersecurity Overview – Spending, Global Threat Landscape, and the Future Cyber WorkforceCybersecurity Overview – Global Cybersecurity SpendingCybersecurity Overview – The Biggest Cyber Breaches of All TimeGlobal Commitment to CybersecurityGlobal Cyber Threat Landscape – State of Cyber WarfareGlobal Cyber Threat Landscape – The Nuclear Security DimensionGlobal Cyber Threat Landscape – Evolution of Dark WebThe Future Cyber Human’ Workforce7. Technological Advancements Influencing Future of CybersecurityTechnologies to Mitigate Cyber RisksThe AI Cybersecurity Paradox – Cybersecurity vs. CybercrimeAI – Potential Threat to the Cybercriminal WorldAI – Potential Uses Enabling Effective CybersecurityAutomation and the Future of Cybersecurity – Use CasesBlockchain Enabling End-to-end Privacy and EncryptionContinuous Authentication – Passwords will (Finally) Go Away8. Future Cryptographic Solutions – Fighting Quantum with QuantumComparison of Quantum-proof Cryptographic ApproachesPersonal Cyber Insurance as an Emerging Business Model9. Future of Cybersecurity – Industry Use CasesCybersecurity – AutomotiveCybersecurity – EnergyCybersecurity – HealthcareCybersecurity – Banking and Financial ServicesSmart Cities – Cybersecurity as a Public GoodFuture Implications, Opportunities, and Strategic RecommendationsCybersecurity Risks and Future ImplicationsOpportunity Analysis by IndustryMacro-to-micro – Strategic RecommendationsThe Last Word – 3 Big PredictionsFor more information about this report visit https://www.researchandmarkets.com/r/pnii5qResearch and Markets also offers Custom Research services providing focused, comprehensive and tailored research.CONTACT: ResearchAndMarkets.com
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Huawei Maintains Steady Growth in the Enterprise Market in 2019
Huawei released its 2019 Annual Report yesterday, detailing a solid business performance. The company’s global sales revenue in 2019 rounded off at CNY858.8 billion, up 19.1% year-on-year. Huawei has maintained steady growth in the enterprise market and achieved a global sales revenue of CNY89.7 billion, up 8.6% year-on-year. Huawei’s enterprise business has become one of the key drivers of the company’s overall growth. As of 2019, more than 700 cities and 228 Fortune Global 500 companies have chosen Huawei as their digital transformation partner. In addition, Huawei’s enterprise business has a network of more than 28,000 partners worldwide, which contribute up to 86% of the global revenue of the business group. Through this global partner network, Huawei has enabled the building of a prosperous inter-dependent ecosystem that creates value for customers and the whole industry.
In 2019, Huawei saw rapid expansion in enterprise business. With its non-stop efforts in R&D and investment in new ICT technologies such as 5G, AI, and cloud, Huawei fully leverages the collaborative advantages of new technologies to accelerate product innovation, industry digitization, and intelligent development. Moreover, the principle of “Being Integrated” has been well adopted in enterprise business, so that success is shared with partners through fair, just, transparent, and simple partner policies.
Innovating products and solutions for the enterprise market with leading 5G, cloud, and AI technologies
During the year, Huawei leveraged the synergy among cloud, AI, and 5G to provide public cloud services and hybrid cloud solutions that are stable, reliable and sustainable. HUAWEI CLOUD has launched more than 200 cloud services and 190 solutions, while more than 3 million enterprise users and developers currently use HUAWEI CLOUD to develop products and solutions.
Using Cloud as the base, Huawei has launched Huawei Horizon Digital Platform by integrating new ICT technologies including IoT, AI, big data, video, converged communications, and GIS to build a foundation for the future digital world. According to leading independent market research firm Dell’Oro Group, Huawei ranked No. 1 in the share of the global Wi-Fi 6 indoor AP market, excluding North America between the third quarters of 2018 and 2019, through its provision of quality services for customers from various sectors such as education, retail, healthcare, and manufacturing.
In addition, in 2019, Huawei launched CloudEngine 16800, the industry’s first data center switch built for the AI era, which has been commercially deployed in more than 150 enterprise data centers around the world. The three OptiXs, namely OptiXtrans, OptiXaccess, and OptiXstar, have been adopted by over 3,800 companies across 158 countries and regions. According to a Gartner’s report released in September 2019, Huawei’s storage products took up the Leaders’ zone of the Magic Quadrant. Huawei also released two flagship solutions for the enterprise market – HiCampus and HiDC– by relying on its cutting edge technologies in 5G, optical transmission, Internet Protocol (IP) networking, and AI technologies and making collaborative innovation across technological domains.
Helping governments and enterprises achieve digital transformation and accelerating development in different sectors
Huawei has a wealth of experience in helping governments and enterprises go digital. In areas such as smart city, campus, transportation, energy, manufacturing, and education, Huawei works with global partners to roll out innovative solutions and business models to create new value.
As of 2019, Huawei has partnered with more than 4,200 service providers serving over 50,000 customers around the world. The company has participated in smart city projects in more than 200 cities across over 40 countries and regions, as well as assisting more than 1,000 financial institutions with digital transformation in terms of inclusive finance, data-driven service innovation, and open banking. Huawei serves more than 170 urban rail lines in over 70 cities worldwide, striving to build integrated transportation systems for global cities. Building on the experience gained from its own digital transformation, Huawei has successfully built intelligent campuses for more than 300 customers. Through innovative ICT technologies, Huawei helps various sectors including manufacturing and energy reshape their manufacturing and value chains while boosting upgrade of their intelligent systems.
Powering enterprise partners and building a prosperous ecosystem
Huawei has established 13 OpenLabs worldwide to focus on the enterprise market. At these OpenLabs, partners receive support on the joint innovation of solutions, marketing, talent cultivation, finance, supply chains, and IT systems to continuously improve their capabilities and drive their transformation for shared success. Committed to sharing its experience, technology, and talent cultivation standards, Huawei has worked with a huge number of educational authorities, universities, and other ecosystem players from around the world to build an open and favorable ecosystem to cultivate ICT talents and drive industry digitization.
In the future, the integrated application of 5G, cloud, and AI will usher in a new world in which all things sense, stay connected, and act intelligent. Huawei will develop innovative products based on these technologies and provide solutions to fulfil customers’ needs. These solutions will support different industries with intelligence and help customers go digital for more potential development.
All financial statements in the 2019 Annual Report were independently audited by KPMG, an international Big Four accounting firm. To download the 2019 Annual Report, visit www.huawei.com/en/press-events/annual-report/2019
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