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DriveWealth Teams with First Thai Partner, SBI Thai Online Securities Co., to Bring Easy Access to U.S. Stock Market, First Fractional Share Capability for Thai Residents

Vlad Poptamas

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DriveWealth, LLC, a U.S. based leader in global digital trading technology, announced today its first partnership in Thailand. The firm has teamed with Thailand’s leading online securities trading provider, SBI Thai Online Securities Co., Ltd. (SBITO), to bring local investors direct access to the U.S. stock market and their first opportunity to participate in fractional share trading. The move follows the relaxation of rules by the Thai Ministry of Finance and Bank of Thailand, effective last month, enabling retail investors to invest directly in foreign securities.

SBITO is utilizing DriveWealth technology and brokerage execution services to bring individual investors in Thailand direct online access to trading in U.S. stocks, including in the form of fractional shares that DriveWealth has pioneered. FusionIQ, a leading investment research and technology provider, has also partnered with SBITO to design the white-label front-end digital platform. To facilitate the new trading opportunity for Thai investors, SBITO just launched a new service, SBITrade USA.

DriveWealth CEO Robert Cortright said: “SBITO has a tremendous product offering and client base, and we are thrilled to play a role in its efforts to increase opportunities for Thai investors to participate in the largest stock market in the world. The new SBITrade USA helps investors make informed decisions and easily buy or sell U.S. stocks in a way that mirrors how they might pursue an online purchase from a store.”

SBITO CEO Yukiko Roberts said: “SBITrade USA was born out of a dynamic collaboration and strong partnership among three innovative companies:  DriveWealth, FusionIQ and SBITO. We are now able to provide opportunities to Thai investors to purchase or sell whole or fractional shares in U.S. stocks with a very user-friendly online experience.”

The partnership is the latest in a series of relationships DriveWealth has forged globally on six continents, including recent agreements to increase affordable access to the U.S. markets to investors of all sizes in the U.S., NigeriaIndia and Brazil, as well as in Europe through a groundbreaking offering with Revolut. The firm offers partners such as SBITO unique investing technology, along with a customizable suite of application programming interfaces (APIs) that they can leverage to enhance their services. DriveWealth, which launched its patent-pending real-time fractional share trading capabilities in 2016, was founded with the mission to democratize investing in the U.S. stock market. The firm is dedicated to eliminating barriers investors typically encounter with legacy brokers, creating its own proprietary infrastructure that allows investors to purchase securities without minimum account balances, high transaction costs or full share quantities.

 

SOURCE DriveWealth

Artificial Intelligence

Plant Asset Management Market (PAM) Worth $9.4 Billion by 2024 – Exclusive Report by MarketsandMarkets™

Vlad Poptamas

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According to the new market research report Plant Asset Management Market (PAM) by Offering (Software and Services), Deployment Mode (Cloud-based and On Premises), Asset Type (Production Assets and Automation Assets), End-user Industry (Process and Discrete), and Geography – Global Forecast to 2024″, published by MarketsandMarkets™, the Plant Asset Management Market is projected to grow from USD 5.5 billion in 2019 to USD 9.4 billion by 2024, at a CAGR of 11.3%. Major factors fueling the market growth include surging adoption of lean manufacturing practices by several organizations, increasing focus on providing cloud-based PAM solutions to satisfy customer demands, escalating demand for asset management software that can identify potential failures to avoid futuristic loss, and growing need for real-time data analytics.

Ask for PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=8606975

“Services to lead plant asset management market by 2024”

The deployment of PAM software is a costly process and a one-time activity, whereas PAM services that include maintenance needs, software upgrades, and personnel training are demanded by end-user industries continuously. Hence, PAM services have a more significant contribution to generating more revenue than PAM software solutions. Further, market players are focusing on offering industry-specific services to meet the ever-changing demands of different industries.

“Production assets to hold largest share of PAM market during forecast period”

Rising adoption of PAM solutions for monitoring rotating and reciprocating equipment, among others, across various industries is expected to drive the growth of the PAM market during the forecast period. Moreover, incidents of unplanned shutdowns or slowdowns due to equipment failures lead to high financial loss in terms of damage to equipment, production losses, and unscheduled maintenance. However, real-time health and performance insights encourage informed actions and decisions to improve plant efficiency minimizing risks of equipment failure, thereby reducing the wastage of valuable finances. Hence, the demand for PAM solutions is high to manage these production assets.

Browse in-depth TOC on “Plant Asset Management Market

109 – Tables

52 – Figures

178 – Pages

Asia Pacific to be largest market for PAM during forecast period”

Asia Pacific presents a substantial market for PAM. The PAM market in APAC is growing rapidly due to several advancements and technological innovations in different manufacturing industries. The adoption of PAM solutions is high in APAC due to the growing manufacturing sector in the region. Most of the key manufacturers from different industries have shifted their manufacturing plants in APAC due to the low labor cost and availability of a skilled workforce. These manufacturing units are using asset management solutions for the improvement in the overall manufacturing processes, which is expected to drive the growth of the PAM market in the region.

Enquiry Before Buying:

https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=8606975

Major players in the PAM market are Emerson (US), Honeywell (US), Rockwell (US), ABB (Switzerland), Schneider (France), Yokogawa (Japan), General Electric (US), Siemens (Germany), and SKF Group (Sweden).

Please Explore Relevant Reports:

Smart Factory Market by Technology (DCS, PLC, MES, ERP, SCADA, PAM, HMI, PLM), Component (Sensors, Industrial Robots, Machine Vision Systems, Industrial 3D Printing), Industry, and Geography – Global Forecast to 2024

Process Automation & Instrumentation Market by Instrument (Field Instrument, Control Valve, Analytical Instrument), Solution (APC, DCS, HMI, MES, PLC, Safety Automation, SCADA), Industry, and Geography – Global Forecast to 2024

 

SOURCE MarketsandMarkets

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Artificial Intelligence

Happy Lunar New Year! Canada Post celebrates Year of the Rat

Vlad Poptamas

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Year of the Rat stamp

 

Canada Post has issued two stamps celebrating the Year of the Rat – representing the first year in the Lunar New Year cycle and the final issue in a second 12-year series honouring the annual festival.

The Year of the Rat begins on January 25, 2020, and ends on February 11, 2021. A symbol of fertility and intelligence, the rat is said to confer great cunning, tact and vitality on those born under its sign.

Designed by Albert Ng (O.Ont.) and Seung Jai Paek, of Albert Ng and Associates, the stamps portray the traditional story of the rat’s daughter’s wedding in the style of folk art known as Chinese farmer painting. The Permanent™ domestic-rate stamp depicts the bride on route to her nuptials, while the International-rate stamp reveals the happily married couple.

The Year of the Rat stamps will be available tomorrow, January 17, in Permanent domestic- and International-rate booklets, as well as a gummed pane of 25 domestic-rate stamps framed by four Chinese blessings. Philatelic collectibles include an unsealed, International-rate Official First Day Cover suitable for use as a “money envelope” for traditional gift-giving.

Follow these links for high-resolution images and additional information in Details magazine.

 

SOURCE Canada Post

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Artificial Intelligence

Announcing the Anti-Human Trafficking Intelligence Initiative and Honoring Human Trafficking Awareness Month

Vlad Poptamas

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Assisting the Fight  
Across the United States, human trafficking exists everywhere, even in your local town square.  The horrifying statistics drove Aaron Kahler to found the Anti-Human Trafficking Intelligence Initiative, a non-profit dedicated to partnering with financial institutions, corporations and law enforcement to combat human trafficking.

“ATII will deliver innovative solutions to disrupt human trafficking networks by assisting financial gatekeepers in identifying, reporting and terminating relationships with associated customers,” says Aaron Kahler, CEO of ATII.

For example, nestled into a pristine part of the Poconos, Stroudsburg is an idyllic borough in Pennsylvania, a vibrant town, a vacation haven.  Last week in Stroudsburg, the US Attorney’s Office in Pennsylvania announced that Sirvonn Taylor, was sentenced to 20 years’ imprisonment for heading-up a conspiracy that forced women to engage in prostitution. In this bucolic town, “Females were ‘sexed-in’ to the gang, forced to engage in sex with members and recruited to engage in prostitution.” PR 1.6.2020

Technological Outreach
ATII will disrupt the way traffickers operate around major events nationwide starting at this year’s Super Bowl in Miami, FL with the release of a human trafficking awareness and victim outreach mobile application. The application allows victims to scan a QR code where necessary help can be accessed in her primary language.

Driving Corporate Social Responsibility 
Relying on technology/data partnerships and corporate social responsibility leadership, ATII has been able to curate initiatives and provide resources to organizations including:

  • High Risk Trafficking Data that can be leveraged through any transaction monitoring, sanctions or onboarding technology
  • E-learning that can be utilized by institutions to comply with anti-money laundering regulatory requirements

Networking and Partnerships Extend the Battle Against Human Trafficking 
Leveraging ATII’s programs, best practices, data, technology and reporting mechanisms in as many financial institutions as possible will directly result in Suspicious Activity Reports (SARs) being filed on human trafficking and ultimately save lives while bringing traffickers to justice.

 

SOURCE Anti-Human Trafficking Intelligence Initiative

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