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VISION OF TRADE INVESTMENT • ARVATO HAS TAKEN A STAKE IN NEXXIOT, PROMISING NOT ONLY SYNERGIES IN SOFTWARE AND HARDWARE APPLICATIONS BUT ALSO A NEW PARADIGM FOR CARGO SECURITY
ARVATO FINANCIAL SOLUTIONS, the financial service provider subsidiary of Bertelsmann, has taken a shareholding in Switzerland-based digitisation pioneer Nexxiot. Not only will this move give Nexxiot greater scope to expand and develop further datadriven solutions for global supply chains, it aspires to set new standards in worldwide cargo transparency. The aim is that, by the use of onboard digital technologies backed by AI-powered cloud solutions, trust and accountability can be enhanced throughout intermodal freight networks all around the world. Nexxiot is already one of the biggest enterprise IoT and big data analytics providers in the supply chain space; the backing and expertise of Arvato will allow it to add enhanced software and controls, while Arvato will be able to harness the dependability and performance of Nexxiot’s sensors, gateways and cloud solutions. “Together, these capabilities promise unique business intelligence unlike anything in the cargo transportation sector,” Nexxiot says.
Arvato Financial Solutions. “We see a tremendous opportunity to transform the global cargo shipping industry through the deployment of digital solutions and the application of Big Data-enabled AI. We are pleased to become an investor in Nexxiot and will rapidly deploy a business collaboration to accelerate the digital revolution in shipping.” “As an important global player and being well known for its digital innovation, Bertelsmanns’ Arvato Financial is the ideal partner to develop an intelligent cargo shipping platform that meets the needs of commerce today and into the future,” adds Stefan Kalmund, Nexxiot’s CEO. “Nexxiot’s TradeTech is already the leading digital cargo transformation tool across Europe and beyond, and this new collaboration promises to further accelerate its adoption worldwide.” KNOW YOUR CARGO There is another underlying reason for the investment. Arvato notes that the financial services sector has been transformed in terms of efficiency and traceability by the arrival of the global ‘Know Your Customer’ (KYC) standards. Arvato and Nexxiot believe a similar approach needs to be taken to international
trade through a ‘Know Your Cargo’ system. “In 2021, seven ocean vessels were destroyed by fire due to weaknesses in today’s cargo declaration processes,” they say. “This is just one example demonstrating how today’s ‘good faith’ cargo transparency standards are no longer good enough. Each stakeholder from carriers to customs, insurers and owners, ports and terminals need better assurances when third parties take on critical processes, many times on the other side of the planet. Advanced digital services ensure cargo quality, safety and sustainability, and are required to control risks like damages, loss, theft, illegal trafficking and movements of hazardous goods.” To fully realise the ‘Know Your Cargo’ concept, raw data from robust hardware must be combined with advanced and secure platform analytics to deliver trusted stakeholder value. The resulting visibility will drive streamlined processes and establish better standards and business models, Arvato and Nexxiot believe. Always a frontrunner on new global megatrends, Arvato Financial Solutions recognised this emerging market and responded by creating the ‘Customer Information Network Intelligence’ platform known as Cinfoni. When combined with Nexxiot’s powerful Connect Intelligent Cloud, a new paradigm in cargo accountability will be defined. www.finance.arvato.com nexxiot.com
“Financial services and global logistics are intertwined. Containers, railcars and the cargo they contain represent significant financial investments. Stakeholders are looking for ways to manage risk and reduce operating costs,” says Jan Altersten, CEO of
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