Read More

As Mentor by eDriving Passes 3.5 Billion Miles Driven, Analysis Confirms Program’s Ability to Reduce Risky Driving Behaviors

CAPE MAY, NJ, Jan 26, 2023 - (ACN Newswire via SEAPRWire.com) - eDriving's digital driver safety program, Mentor(SM), featuring the FICO(R) Safe Driving Score, helps risky drivers become safer behind the wheel in just six months - and further improves behaviors over longer periods of time - according to findings from an analysis of the program. The analysis was performed after the program reached the milestone marking 3.5 billion miles driven in Spring 2022. The eDriving study identified the initial risk level of active[1] business drivers using the Mentor app (i.e., Very High Risk, High Risk, Medium Risk, Low Risk or Very Low Risk[2]), based on their first month's FICO Safe Driving Score - a score derived from smartphone-based driving behavior telematics. It then measured progress[3] over periods of six months, 12 months, and 18 months of using the app.Over a six-month period, those initially categorized as Very High Risk or High Risk experienced up to a 51% increase in their FICO Safe Driving Score, moving them up into the Medium Risk category. Over a longer period of 18 months, those initially categorized as Very High Risk or High Risk experienced an even greater average increas...

Read More

JP Morgan, Citi, BNP Paribas, Barclays, and Lloyds Banking Group make new strategic investment in operational risk management firm Acin

LONDON, Dec 15, 2022 - (ACN Newswire via SEAPRWire.com) - Acin, the global operational risk control data network, today announced it has closed $24 million in Series B funding from a strategic consortium of industry-leading banks, comprised of JP Morgan, Citi, BNP Paribas, Barclays, and Lloyds Banking Group.The funding round was also supported by existing investors Notion Capital, Talis Capital and Fitch Ventures, the equity investment arm of Fitch Group.This funding will enable further strategic product development in partnership with investing banks and existing clients. Additionally, it will enable Acin to expand and accelerate into new areas across the financial services industry.Acin's platform empowers financial institutions to digitise their operational and non-financial risk analysis, using ground breaking data analytic capabilities. Acin has established a network that calibrates data and facilitates the sharing of best practice between firms, underpinned by a standardised library of risks and controls. The results revolutionise the understanding and management of firms' operational and non-financial risk positions accelerating their journey to become safer and more efficie...

Read More

Professional stealers: opportunistic scammers targeting users of Steam, Roblox, and Amazon in 111 countries

- Over 50 million passwords stolen in 7 months of 2022- Underground market value of stolen logs and compromised card details around US$5.8 million- India saw the highest number of infected devices in the Asia Pacific, followed closely by Indonesia, Philippines and VietnamSingapore, Nov 29, 2022 - (ACN Newswire via SEAPRWire.com) - Group-IB, one of the global leaders in cybersecurity, has identified 34 Russian-speaking groups that are distributing info-stealing malware under the stealer-as-a-service model. The cybercriminals use mainly Racoon and Redlinestealers to obtain passwords for gaming accounts on Steam and Roblox, credentials for Amazon and PayPal, as well as users' payment records and crypto wallet credentials. In the first seven months of 2022, the gangs collectively infected over 890,000 user devices and stole over 50 mln passwords. All the identified groups orchestrate their attacks through Russian-language Telegram groups, although they mainly target users in the United States, Brazil, India, Germany, and Indonesia. In 2022, info-stealing malware has grown into one of the most serious digitalthreats.Classiscam graduates By tracking the evolution of the popular scam sche...

Read More

eDriving Integrates Greater Than’s EcoScore Into Their Digital Driver Safety Application, Mentor, To Help Fleets Achieve Sustainability Targets

CAPE MAY, NJ and STOCKHOLM, SWEDEN, Nov 17, 2022 - (ACN Newswire via SEAPRWire.com) - eDriving(SM), a Solera company and leading global provider of digital driver risk management solutions, today announced a partnership with Greater Than (GREAT:ST), the global provider of technology that converts GPS data into powerful insights and driver scores. Through the collaboration, eDriving will integrate Greater Than's EcoScore into a new feature in its award-winning digital driver safety app Mentor(SM). The new feature, to be named EcoDrive powered by Greater Than, enables eDriving to further support its global clients in achieving their sustainability goals.Revolutionising driver risk management for over 25 years, eDriving is the trusted partner of choice for many of the world's largest sales, service, and delivery fleets, supporting over 1.2 million drivers in 125 countries with award-winning digital driver risk management and safety solutions. eDriving's smartphone-based Mentor programme identifies and remediates drivers' risky habits behind the wheel with training, coaching, and gamification, achieving up to an 89% reduction in risky driver behaviour over 18 months.The integration of ...

Read More

GPDRR: Indonesia offers sustainable resilience to tackle disaster risk

Nusa Dua, Bali, May 27, 2022 - (ACN Newswire via SEAPRWire.com) - At the 2022 Global Platform for Disaster Risk Reduction (GPDRR) event, the Government of Indonesia offered the world the concept of sustainable resilience as a solution to address the challenges of systemic disaster risk.President Joko Widodo (R) discusses with UN Deputy Secretary-General Amina Mohammed (L) before the opening ceremony of the Global Platform for Disaster Risk Reduction 2022 in Nusa Dua, Bali, Wednesday. (ANTARA FOTO/Akbar Nugroho Gumay/foc)Indonesian President Joko Widodo highlighted this concept at the opening ceremony of the 2022 GPDRR in Nusa Dua, here, on Wednesday.The sustainable resilience concept is considered to be a solution to tackle all forms of disasters, including facing a pandemic and concurrently supporting the implementation of the Sustainable Development Goals (SDGs), Jokowi remarked.He highlighted the need to apply several measures to build sustainable resilience."First, we should strengthen an anticipatory, responsive, and adaptive disaster preparedness culture as well as institutions in dealing with disasters," President Jokowi stated.According to the president, disaster mitigation...

Read More

VCREDIT Announces 2021 Annual Results

HONG KONG, Mar 24, 2022 - (ACN Newswire via SEAPRWire.com) - VCREDIT Holdings Limited ("VCREDIT" or the "Group"; stock code: 2003.HK), a leading independent online consumer finance provider in China, is pleased to announce its audited consolidated results for the year ended 31 December 2021 (the "Year"). During the Year, the Group's total income increased significantly by 34.4% year-on-year to RMB3,458 million (2020: RMB2,573 million). The Group successfully achieved a turnaround, with net profit of RMB1,179 million (2020: net loss of RMB870 million). The Group is committed to creating sustainable investment returns for its shareholders, sharing the fruits of success in its operations. Therefore, following the declaration of dividend for the first time during its interim results, the Board has recommended a final dividend of HK15 cents per share for the Year. Together with the interim dividend and special dividend totalling HK20 cents per share already paid out, the full year dividend was HK35 cents per share. Although the COVID-19 pandemic and evolving macro-economic environment brought challenges and uncertainties, VCREDIT delivered an outstanding operating performance and promis...

Read More

VCREDIT Announces a Final Dividend of HK15 cents

HONG KONG, Mar 24, 2022 - (ACN Newswire via SEAPRWire.com) - VCREDIT Holdings Limited ("VCREDIT" or the "Group"; stock code: 2003.HK), a leading independent online consumer finance provider in China, is pleased to announce its audited consolidated results for the year ended 31 December 2021 (the "Year"). During the Year, the Group's total income increased significantly by 34.4% year-on-year to RMB3,458 million (2020: RMB2,573 million). The Group successfully achieved a turnaround, with net profit of RMB1,179 million (2020: net loss of RMB870 million). The Group is committed to creating sustainable investment returns for its shareholders, sharing the fruits of success in its operations. Therefore, following the declaration of dividend for the first time during its interim results, the Board has recommended a final dividend of HK15 cents per share for the Year. Together with the interim dividend and special dividend totalling HK20 cents per share already paid out, the full year dividend was HK35 per share. Although the COVID-19 pandemic and evolving macro-economic environment brought challenges and uncertainties, VCREDIT delivered an outstanding operating performance and promising fi...

Read More

Diversifi in Partnership with Cloverly Launched Green Crypto for Institutions

Tel Aviv, Israel and Atlanta GA, USA, Nov 25, 2021 - (ACN Newswire via SEAPRWire.com) - Diversifi, the first tech-driven crypto risk management platform for institutions, and Cloverly, a sustainability-as-a-service platform, cooperate on helping the crypto industry offset its environmental footprint. Diversifi automatically offsets the carbon footprint of crypto holders by calculating the carbon footprint and utilizing Cloverly?s carbon offset API. The offset addresses the impact of Bitcoin mining, Ether mining, and smart contracts execution, including minting NFTs."We remove the complexities from the process. We want crypto investment to be a safe, positive and responsible thing: we provide ways to hedge against risk and protect against losses without affecting the environment. No other company offers that," says Eitan Katz, the CEO at Diversifi.The service is available through the Diversifi platform dashboard. Users need to specify the amounts (BTC or ETH) they want to offset. The Diversifi platform calculates the costs and executes via the Cloverly API."The Cloverly team is very excited to be working with Diversifi. Combining crypto and sustainability is a much needed offering d...

Read More

VCREDIT 1H21 Achieves a Significant Turnaround, Total Income Rises Sharply by 56.2% to RMB1,880.0million

HONG KONG, Aug 26, 2021 - (ACN Newswire via SEAPRWire.com) - VCREDIT Holdings Limited ("VCREDIT" or the "Group"; stock code: 2003.HK), a leading independent online consumer finance provider in China, is pleased to announce its unaudited interim results for the 6 months ended 30 June 2021 (the "Period"). During the Period, the Group's total income increased by 56.2% to RMB1,880.0 million year-on-year (1H 2021: RMB1,203.8 million). The Group adjusted Net Profit RMB805.0 million (1H 2020 Adjusted Net Loss : RMB1,042.0 million), achieving a significant turnaround. The Board has recommended an interim dividend of HK10 cents per ordinary share of the Company(the "Share") and a special dividend of HK10 cents per Share for the Period to shareholders of the Company.During the Period, we completed changes that we initiated in the second half of 2020 to adjust our risk management and shift our strategy focus towards better prime and near-prime customers. At the same time, we have improved our operational efficiency and enhanced our target customer identification and market penetration by dynamic involvement within diversified channels and customer experience optimization. Also, the improved e...

Read More

Morning Briefing: Top stories from The Straits Times on Aug 11

Good morning! Here are our top stories to kick-start your Wednesday, Aug 11. New Covid-19 cases in Singapore fall for fifth day in a row, with 11 in ICU MOH reported 53 local cases, 15 of which are unlinked, and one imported case. READ MORE HERE SIA, Scoot and Changi Airport recognised for Covid-19 safety measures; Changi ends 8-year streak as best airport Singapore Airlines, its budget arm Scoot, and Changi Airport have been recognised for their efforts in facilitating safe international air travel. READ MORE HERE Fire extinguisher bursts, smashes through glass facade of skyscraper's 23rd floor The projectile is believed to have hurtled downwards and ricocheted off the ground floor courtyard, crashing into the glass panels on the first storey of the opposite building. READ MORE HERE More on this topic Related Story ST newsletters: Get alerts on the latest news 35-year-old woman to be charged with murder of her 8-year-old daughter The police will seek a court order to remand the woman for psychiatric assessment. READ MORE HERE New stock of Sinovac's Covid-19 vaccine to arrive in 4 to 6 weeks; all 200k doses here already allocated MOH said it has been helping private healthcare inst...

Losing money is bad for the heart, says study

(BLOOMBERG) - You probably know this already - high-risk investments are not for the faint-hearted. But what you may not know is that the ups and downs of your investment can also affect the health of your heart. Big financial gains are linked to better heart health, even later in life, and significant losses to worse cardiac outcomes, according to a 17-year study. Researchers reported their results in the Jama Cardiology journal after analysing data on over 5,000 middle-aged Americans with no initial history of coronary disease to see how losing or gaining money affected their hearts. If a population is divided into fifths in terms of wealth, moving up from one quintile to the next or higher is linked to a roughly 16 per cent lower risk of heart trouble in older age, said senior author Muthiah Vaduganathan, a Harvard cardiologist at Brigham and Women's Hospital in Boston. Dropping down to a poorer fifth of the population is linked to a 15 per cent higher heart risk, according to the study. The study looked at major, long-term gains and losses rather than day-to-day market ups and downs. "We're talking about substantial shocks to an individual's life that can change their relative ...

How firms can better manage emerging risks from remote working

SINGAPORE - The protracted Covid-19 pandemic is no longer just a disruption to the way we work but has transformed permanently the world of work. As we distil the learnings from 2020 to prepare ourselves for a pandemic-resilient workplace, the future of work is shaping into a hybrid model that optimises employee flexibility, autonomy and performance across locations. While much attention has been focused on enabling virtual teams through technology, it is important to balance the risks of remote working with productivity and agility. A recent paper by the Monetary Authority of Singapore and the Association of Banks in Singapore identified two key categories of risks for financial institutions. These are operational risks and people and culture risks, which all companies across sectors should note as they digitalise their businesses. How might companies better manage these emerging risks as they grapple with the embrace of remote working in the digital age? New risks are here to stay Organisations will need to confront the technological, operational, legal and compliance risks that arise from a hybrid work model. A change in an organisation's control environment - such as when the m...

MAS may not tighten policy, but could flag risk of higher inflation

SINGAPORE - With inflationary pressures benign and major central banks most probably keeping their interest rates low for now, Singapore's central bank is likely to maintain its easing monetary policy stance this week. What remains to be seen is whether the Monetary Authority of Singapore (MAS) deems it fit to flag the risk of higher inflation and rates expected to emerge later in the year in some advanced economies, especially the United States. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

China’s crusade against risk is tormenting financial markets

BEIJING (BLOOMBERG) - Divining the targets of Beijing's latest de-risking campaign is becoming an essential trading strategy. Those who failed to take heed of warnings about asset bubbles by officials were steamrolled by a US$1.3 trillion (S$1.75 trillion) rout in Chinese equities, with the most popular stocks bearing the brunt of the sell-off. That came shortly after Beijing stunned millions of would-be investors by canning Ant Group's US$35 billion listing at the 11th hour, despite evidence that regulators had growing concerns over its business model. In another sign of complacency, Tencent Holdings neared US$1 trillion in value even as the fintech industry came under attack, only for the stock to then suffer its worst week since 2011. Quick reversals in asset prices show how the Communist Party remains an outsized influence on China's financial markets, despite the increasing presence of foreign investors. While regulators are more vocal about their intentions than in the past, Party policy remains opaque to outsiders. What's clear is Beijing's determination to tackle risk after last year's stimulus pushed leverage to almost 280 per cent of economic output. "China is facing an i...

Read More

Fewer cases but dengue still a danger

The danger from dengue is far from over, even as the number of cases in Singapore has fallen, the National Environment Agency (NEA) warned yesterday. There were 156 cases last week, compared with 236 infections a week in mid-December. However, the population of the Aedes aegypti mosquito, the vector that spreads dengue, increased by 8 per cent last month. On top of that, infections by DenV-3 and DenV-4 - two dengue serotypes that are less commonly seen here - have increased and now account for more than half the cases. There are four dengue serotypes. People who have been infected are protected against only that particular type, and not the other three, which means that they remain susceptible. Over the three decades prior to last year, all dengue outbreaks here were caused by either DenV-1 or, since 2016, by DenV-2. As neither DenV-3 nor DenV-4 has infected large numbers of people in the past, the vast majority of the population would be susceptible. The rise of DenV-3 last year likely contributed to the largest dengue outbreak Singapore has ever seen, with a total of 35,315 people infected and at least 29 people dying from the disease. The previous high was 22,170 infections in 2...

Read More

Picking the right fund for your money

"The number of things that are true for everyone in finance is small; everything else is just figuring out how much risk you want to take and what you want out of life, which is different for everyone," said Mr Morgan Housel, author of The Psychology Of Money. Indeed, everyone's portfolio should be different because we all have different objectives, different investment horizons, different liquidity needs and different risk tolerance, among other things. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.