The 20 Most Admired Tech Companies 2018 July2018

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JULY 2018 www.insightssuccess.com The 20 MOST ADMIRED Tech Companies 2018 CMIC, INC. Mike Suga President & CEO PHARMACEUTICAL VALUE CREATOR INTERNET OF INTERNET Internet of Things is present in every product we use. How has IOT changed the lives of humans? FINANCE ‘N’ TECH How is technology going to transform the financial sector

Editor’s Note

Novelty and Modernization: Linchpins of Growth in Business

usinessesofalltypearegrowingintheglobalmarketandhaveundergoneaBfaceliftoverthelast20years.Businesstodayhasaglobalmarketandthereason forthisglobaloutreachisbecausetheycanandthattoo,easily.Beyondthe shadowofdoubt,onecansaytheadventoftheinternethasopenedthedoorsfor companiestotradetheirproductsglobally.Thetechnologyhasimprovedatan unbelievablespeedthatbusinessestodaycanbehandledfromanywhereintheworld. Whilefewofthebusinesspracticeshaveremainedthesame,otheraspectsofbusiness areradicallydifferentcomparedtohowitwasperformedbefore.Thewaybusinesses markettheirproducts/servicestocustomersandengagetheminbusinesstransactions hastakenanewlifeofitsown.Thesechangeshadnotonlybrought‘mobility’buthad alteredtheentireprocessofhowbusinesswasperformedandperceived.

Inatimewhentechnologydidnotplayamajorpartinbusinesses,industrialistshad graduallystartedtoadopttechnologyasthemainstay.TechnologieslikeARandVR whenintroducedintobusinessendedofferingcustomerexperiencesunlikebefore. Steppingoutofgames,thesetechnologiesfoundspaceinindustrysectorslikeretail, marketing,medicine,tourism,educationandITetc.Theyethiddenpowersofthese technologies,whenunleashedintothemarketspace,havecreatedanewdominionfor business.Leveragingthepervasivepowerofcloudcomputing,SaaS,Blockchain,Virtual Reality,AugmentedIntelligenceandothertechnologies,industrialistsareinstigating exclusivechangesinthemarketwithuniqueservices.Theseinnovationshaveagain stirredthechangesinbusiness;thattooatanincomparablespeed.Theworldtomorrow willwitnesstechnologieslikesoftwarebots,robotsinmanufacturingandservice industry,anddronesandautonomousvehicles.Wonderingwhatbusinesshasinstorefor

future,itisclear

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alwaysgoingtochange.Advancedandupdatedsoftware,hardwareservices/products, andothertechnologiesarecomingatabreakneckspeedandthesechangeswill
significantimpactoncommerce,globaleconomyandbusinesses.
20MostAdmiredTechCompaniestoWatch2018 youto20suchavant-gardecompanieswhichhaveadoptednewandadvanced techniquesandarethefrontiersofaneweraofbusiness. featuredontheCMIC,Inc, coverisaleadingCROandaproviderspecializedinbioanalyticalservicesinsupportof TK/PKstudiesforpre-clinicalandclinicaldevelopments.
enlistedBlackSwanTechnologiesInc;‘TheIntelligenceofEverything’, PT.INTIDATAUTAMA:AnInnovativeERPandAnalyticsSolutionProvider,Athena Systems:PerfectingtheInvestmentProcessforHedgeFunds,WebsitesDepot:The Widely-AcclaimedDesigningPlatform,DFNNInc:Technologyverymuchinplay, Seceon,Inc.:VisionaryCybersecurityLeader,Stone&Chalk:TheMarketplacefor FinTechsBreakingtheMould,QuintessenceLabs:DataSecuritySolutionsthatBuild QuantumResilience,BankerBay:TheFutureofInvestmentBanking,IWN™:AWiFi WirelessCarrierfortheGlobalRuralCommunities,andNewBanking:Enriching FinancialDataProtectionwithBlockchain.
pages,kindly
notetoread
articlesmasterlycraftedby
in-houseeditors.Thesearticlesnamely,TheUniversalityofIoTunder Tech Zone,The ImpressiveImpactofOrganicNetworkingunder Hi-Tech Nexus andLeadership Shadow:FadingDarkintoLightunderLeadershipTraitswillgiveyouinsightsinto themarketandtherecenttrends.
includesarticlespenneddownbyindustryexperts.Thesearticlesnamely, InternetofThingsispresentineveryproductweuse.HowhasIOTchangedthe livesofhumans?under Internet of Internet, Howistechnologygoingtotransformthe financialsectorunder Finance‘n’Techgivesadetailedoutlookintothehappeningsof theindustry. Crescent CU CrescentCU
CMIC, inc.: Pharmaceutical Value Creator COVER STORY 10
CXO How is technology going to transform the financial sector FINANCE ‘N’ TECH Internet of Things is present in every product we use. How has IOT changed the lives of humans? INTERNET OF INTERNET ARTICLES HI-TECH NEXUS The Impressive Impact of Organic Networking LEADERSHIP TRAIT Leadership Shadow: Fading the dark into light TECH ZONE The Universality of IoT Technology 24 56 32 46 60
CONTENT Athena Systems Perfecting the Investment Process for Hedge Funds BankerBay The Future of Investment Banking DFNN Technology very much in play Inti Data Utama An Innovative ERP and Analytics Solution Provider BlackSwan Technologies ‘The Intelligence of Everything' 20 22 28 30 36
CONTENT IWN™ A WiFi Wireless Carrier for the Global Rural Communities NewBanking Enriching Financial Data Protection with Blockchain Seceon Visionary Cybersecurity Leader Stone & Chalk The Marketplace for FinTechs Breaking the Mould Websites Depot The Widely-Acclaimed Designing Platform QuintessenceLabs Data Security Solutions that Build Quantum Resilience 38 42 44 50 52 58
www.inonic.com
sales@insightssuccess.com Corporate Ofces: July, 2018 Database Management Stella Andrew Technology Consultant David Stokes Circulation Manager Robert, Tanaji Research Analyst Chidiebere Moses Sherin Rodricks, Alice Fernandis, Sophie Smith, Swapnali Vasaikar, Kuljet Kour Editor-in-Chief Pooja M. Bansal Anish MillerSenior Editor Executive Editor Crescent CU Art & Design Director Amol Kamble Associate Designer Mayur Koli Visualiser David King Senior Sales Manager Passi D. Business Development Executives Marketing Manager Sophie Smith Managing Editor Suhel Mashayak Anmol Preet Singh, Nibedita Chanda Art & Picture Editor Paul Belin Co-designer KhannaJayant Misty ThomasBusiness Development Manager Sales Executives Sophie Smith, Judy Kent, Karen Holland SME-SMO Executives Prashant Chevale, Uma Dhenge, Gemson, Irfan Online Marketing Strategist Alina Sege, Shubham Mahadik, Vaibhav K Digital Marketing Manager Marry D’Souza Technical Specialist Amar, Pratiksha Technical Head Jacob Smile Copyright © 2018 Insights Success, All rights reserved. The content and images used in this magazine should not be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission from Insights Success. Reprint rights remain solely with Insights Success. Follow us on : www.facebook.com/insightssuccess/ www.twitter.com/insightssuccess We are also available on : Insights Success Media Tech LLC 555 Metro Place North, Suite 100, Dublin, OH 43017, United States Phone - (614)-602-1754 Email: info@insightssuccess.com For Subscription: www.insightssuccess.com Insights Success Media and Technology Pvt. Ltd. Off. No. 513 & 510, 5th Flr., Rainbow Plaza, Shivar Chowk, Pimple Saudagar, Pune, Maharashtra 411017 Phone - India: +91 7410079881/ 82/ 83/ 84/ 85 Email: info@insightssuccess.in For Subscription: www.insightssuccess.in Contributors Poonam, Vanshika
PERFORMING BIOANALYSIS WITH UNCOMPROMISING PRECISION Pharmaceutical Value Creator CMIC, Inc. ‘‘ ‘‘ COVER STORY

ADMIRED

Mike Suga President & CEO
Tech Companies 2018 20 The Most

MIC,Inc.isaleadingCRO

C(ContractResearch Organization)andaprovider specializedinbioanalyticalservicesin supportofTK/PK/PDBiomarker studiesforpre-clinicalandclinical developments.LocatedinHoffman Estates,IL,thecompanyprovides cutting-edgecapabilitiesand sophisticatedexpertiseinbioanalytical methoddevelopment,method validation/qualificationandstudy sampleanalysisforsmallandlarge molecules.Asastrategicdrug developmentpartner,CMIChelps sponsorstoovercomechallengesin bioanalysiswithexpertise,rapid turn-around-time,andhigh-quality services.

CMIChasover30yearsofexperience inbioanalyticalsmallmolecule analysisandareputationforexcellence andastrongcommitmenttohelp improvelivesaroundtheworld.Witha dedicationtothedrugdevelopment marketandcontinuedsuccess,CMIC hasbecomealeadingCROinJapan andNorthAmerica.Today,CMIC continuestogrowandexpandits facilityandcapabilitiestomeetthe needsofourclientsandthechanging drugdevelopmentenvironment.

The“CMIC”nameoriginallystoodfor “CurrentMedicalInformationCenter”, andthecompanyremainscommittedto theadvancementofmedicinesand healthcarerevolution.

Inordertoachievesuchagoal,the companyhassetupCMICCREED, consistingof:

• Wellbeing(Fullyliveevery moment)

• Challenge(Liberateopportunity bychangingourvantagepoint)

• Change(Transformwithout seekingrefugeinconventional wisdom)

• Communication(Proactivelyreach outtopeopleandsociety)

PioneeringDuoofCMIC,Inc.

CMIC,Inc.isFoundedbytwo influentialleaders,Mr.Kunio MomiyamaandDr.KazNakamura. Bothfoundersaresoentrepreneurialto createatotallyunprecedentedbusiness modelandwerewillingtoinvestbased upontheirownconfidence.Priorto CMIC,Inc.Kuniofoundedthevery firstJapaneseBioAnalyticallab,Nihon IgakuRinshoin1984andKazfounded theveryfirstJapaneseCRO,CMICin 1992.

ChallengingJourneyofCMIC,Inc.

Thecompanyhadtwomajorturning points.Thecompanystartedlab operationatitspurpose-builtGLP facilityasJCLBioassay,USAin2010. Thecompany’sJapaneseHQ,JCL Bioassayanditsorigin,NihonIgaku RinshoweretheNo.1BioAnalytical labinJapansinceitsfoundationin 1984,but“JCL”namewasnotknown totheU.S.pharmaceuticalindustryat all.TheJCLmanagementduringthe initialseveralyearsneededtobeso patientwithalong-termvisioninorder togaintrustandnamerecognition fromU.S.clients.

Anotherturningpointwas2015when thecompanyjoinedCMICGroup throughCMIC’sacquisitionofthe entireJCL.Aroundthattime,the BioAnalyticalindustrywasrapidly expanding(andisstilldoingso) biologicsandoligonucleotides solutions,andtheCMICmanagement needednotonlytoleverageJCL’s excellentheritageinsmallmolecules butalsotoaddstate-of-the-artlab infrastructures,advancedanalytical instruments,experiencedhigh-quality scientistsandprofessionalsupporting staffaswellasnewclientswith CMIC’sglobalcoverage.Suchlab expansionandservicemenuaddition foramuchbroaderclientbasetook twoyearstoofficiallyannounceits completionin2017.

REPORTING AND STUDY INTEGRITY IN

WEPROVIDE QUALITY DATA,
ACCORDANCE WITH GOOD LABORATORY PRACTICE (GLP) REGULATIONS “

PrecessionandValueAddedBenefits

Thisprominentcompanyisspecialized inpre-clinicalandclinical developments.CMICtoday,delivers highest-qualitydatawithaveryquick turn-around-time(TAT).Beinga renowneddrugdevelopmentpartner, CMICalsoaidsitssponsorsin surmountingissuesrelatedto BiomarkersandBioanalysis.

Some of the extraordinary offerings from CMIC;

Biomarker

CMICsupportsexploratoryresearchto fullyvalidatedassayscovering pre-clinicalandclinicalstudies.When reliablekitsarenotavailable,the companydevelopsrobustin-house assaysusingvendorsupplied antibodiestocreateassays.These

assaysareeithersingleplexor multiplexindesign.Thecompanyhas measuredover50+proteinbiomarkers indifferentmatricesincludingserum, plasma,urine,andtissuelysates. CMIChavingateamofscientistswith morethan15yearsofexperiencein molecularbiologyandcellbiologyin keytherapeuticareas,teamCMIC believesthattheyholdadecisiveedge inhelpingclientsselectthebest biomarkersfortheirprograms.

Large Molecules

CMICisoneoftheleadinglarge moleculebioanalysislabs.Inthe competitivefieldofdrugdevelopment wheretimelygo/no-godecisionsmust bemadetobringeffective class-leadingdrugstomarket,CMIC has:

• Aproventrackrecordofenabling

theirpharmaceuticalclientsto succeedinatimelymanner.

• Ateamoftechnicalexpertswhose breadthofexpertiserangefrom molecularandcellularbiologyto analyticalchemistry;coveringkey therapeuticareasincluding oncology,immune-oncology, immunology,andneuroscience.

• Excelledatsuccessfully developingandvalidatingthe mostdemandingandchallenging assayswithinthespecified deadlines,whereothershave givenup.

AtCMIC,company’stool-boxfor largemoleculecontainsthelatest bioanalyticaltoolsprovidingversatility foryourprogramstotakeadvantage of;Cell-BasedAssays,Genomics, Proteomics,PreclinicalandClinical Bioanalysis,SmallandLarge Molecules,CustomExploratory

MEETING THE NEEDS OF OUR CLIENTS AND THE CHANGING DRUG DEVELOPMENT ENVIRONMENT “ “

Biomarkers,andLaboratoriesinUS andJapan.

Oligonucleotides

Since2012,teamCMIChassupported hundredsofstudiesfor oligonucleotide-baseddrugs,including qualification,fullmethodvalidation andGLPsampleanalysisstudiesfor oligonucleotide-baseddrugs,intissue andplasmaforpreclinicalandclinical studies.

WhatSetsCMICApart?

• Partneredwithrecognizedglobal leadersinRNA-targeted discoveries

• Nearly100individualcompounds successfullyvalidatedsince2012

• Vastexperiencewithchemically modifiedoligonucleotides includingGalNAcconjugate, cholesterolconjugate,thymidylic acidandphosphate

Supported Small Molecule Studies

• Validatedsinglemethodswithup to6analytes

• Compoundscontainingradioactive isotopes

• Compoundsthatarehighly absorbent(non-specificbinding) orhavepoorstability

• Complexmatrices:oculartissue, braintissue,humantumortissue, skinpatch

• Provideprefilledtransfer containerstosupportsample stabilityatthesites

Smallmoleculebioanalysisisa well-establishedscience,butnotall smallmoleculestudiesarestraight forward– CMIC is a partner that can handle any situation.

BenefitsforCMICCustomers

Asastrategicpartner,CMIChelpsits clientsstreamlinetheirdrug

developmenteffortstoachievetwo goals:

• Maximizetheprobabilityof success

• Minimizedrugdevelopmenttime andcosts

CMIC’s World Class Facility

CMICmirrorsitsJapaneselaboratories toprovideaseamlessmethodand knowledgetransfer.Company’s GLP-compliantstate-of-the-artfacility hasthecapacitytoaccommodatequick turnaroundandhighvolumeprojects fromaroundthecountry.Conveniently locatedinHoffmanEstatesonly20 minutesfromChicago’sO’Hare InternationalAirport,firm’slocationin theMidwestallowsteamCMICto convenientlyservepharmaceuticaland biotechnologycompaniesacrossthe country.

CMICbuiltthisfacilityin2008with thepurposetomaximizeefficiencies andprovidetheirscientistswitha world-classqualityenvironment, CMICisequippedwiththefollowing features:

• BiosafetyLevel2lab

• UV-freelab

• Controlledsubstancelicense (scheduleIII-V)

• On-siteEmergencyback-uppower supply

• Videosecurityandrestrictedentry

• Onsite/offsitearchives

• Buildingmanagementsystems

• Temperatureandhumidity monitoringsystems

• State-of-the-artsamplemonitoring system(24/7)

Quality Instrumentation and Technologies

CMIC’ssophisticatedanalytical instrumentationandadvanced technologiesproduceultrasensitive analyses.Togetherwithpost-collection

OUR MISSION IS TO CONTRIBUTE TOHIGH QUALITY, EFFICIENT DRUG DEVELOPMENT, AND CONDUCT SCIENCE THAT CONTRIBUTES TO THE PUBLIC WELFARE “ “

dataanalysisandcomprehensive quality,CMICclientswillreceivethe highestqualityefficiencyandsafety datafortheircompound.

Highly-Skilled Researchers

CMICresearchersarecommittedtothe advancementofmedicine.Withevery project,theyprovideunsurpassed excellenceandinnovativesolutions drivenbyCMIC’scorevaluesoftrust, teamwork,dedication,respect,and integrity.Thecompany’shighly educatedandexperiencedscientists willworkdirectlywithyourR&D scientiststoensurethatclientsgetthe mostfromtheirinvestment.Their projectteamiscomprisedoftwo technicalexpertsforeachassay performedtoprovidecontinuous verificationoftheassayconducted.

CMIC’sQualityCommitment

TheQualityAssuranceUnit(QAU)at CMIC,Inc.wasestablishedtoprovide dataqualityandstudyintegrityin accordancewithFDAGood LaboratoryPractice(GLP)and21CFR Part11regulations.

CMICQAUstaffmembersare RegisteredQualityAssurance ProfessionalsinGoodLaboratory Practice(RQAP-GLP)andhavemore than25yearsofcombinedexperience inspectingandauditingstudies designedtocomplywiththeUSFDA aswellasinternationalregulations suchasOECDGLP.EachQAUstaff memberreceivesongoingtrainingand educationinQualityAssurance.

FutureProspects

CMICisrapidlygrowingintheU.S., andaddingnewservicesnotonlyin BioAnalysis(TK/PK/PDbiomarker) butalsoinclinicaloperationaswellas CMCfortheU.S.clients.CMIChas beeninJapan/AsiaPacificformany years,andwillalsobeintheU.S.a one-stopR&Dsolutionprovider (CMICcallsit“PharmaceuticalValue Creator”)inthenearfuture.

“Our vision is to be recognized as a leader in bioanalytical services that clients can trust to deliver high-quality data, rapid turnaround, and unparalleled customer service while making every project a success,” assertsMikeSugaisaPresidentand CEOofCMIC.

“ “ IS TO BECOME THE MOST RESPECTED AND TRUSTED BIOANALYTICAL LABORATORIES IN THEWORLD OUR VISION
Address : Country :City : State : Zip : Global Subscription Date : Check should be drawn in favor of : INSIGHTS SUCCESS MEDIA TECH LLC Never Miss an Issue Yes, I would like to subscribe to Insights Success Magazine. Name : 1 Year.......... $250.00(12 Issues) .... 6 Months ..... (06 Issues) ..... $130.00 3 Months ... (03 Issues) .... $70.00 1 Month ...... (01 Issue) ..... $25.00 Telephone : Email : Insights Success Media Tech LLC 555 Metro Place North, Suite 100, Dublin, OH 43017, United States Phone - (614)-602-1754,(302)-319-9947 Email: info@insightssuccess.com For Subscription : www.insightssuccess.com SUBSCRIBE TODAY CORPORATE OFFICE

Affinity affinity.com

Allgress allgress.com

Athenasystems athenasystems.com

BankerBay bankerbay.com

BlackSwan

GordanShevlin CEO

StefanoGuarnieri President& DirectorofProduct

RomeshJayawickrama CEO

BristolisOpen

CMIC

Oneoftheleadingcontextualadnetworks,Affinityoffers innovativeadvertisingandmonetizationsolutionsforall advertisersandpublishers.

Allgresshelpsinreducingthecomplexityandcostrisk managementbyutilizingautomation,streamlinedworkflows, advancedvisualizationandtheintegrationofalreadyexisting data.

Athenaisaboutiquetechnologyfirmcomprisedofveteran developers,integrators,andanalystswithextensiveexperience incapitalmarkets.Itsclientlistincludesleadinghedgefunds, mutualfunds,banks,insurancecompaniesandinstitutional managers.

BankerBayistheworld’sfirstdealoriginationplatformtousea complexalgorithmicapproachtomatchmiddle-market corporatesseekingcapitalwiththemostrelevantprovidersof capitalanywhereintheworld.

BlackSwanTechnologiesisrevolutionizingthedataacquisition andmonetizationmarketwithbigdata,cognitivecomputing& artificialintelligenceproducttobecomethemostfuturistic softwarecompany.

BarneySmith CEO AjointventurebetweenUniversityofBristolandBristolCity Council,BristolIsOpendevelopsopenprogrammedcity.

MikeSuga

President&CEO

CMIC,Inc.isaleadingCROandaproviderspecializedin bioanalyticalservicesinsupportofTK/PKstudiesfor pre-clinicalandclinicaldevelopments.

DFNN

CalvinLim

President&CEO

StevenDavis

&CEO, GinaDavis

&Co-founder

DFNN,Inc.isaleadingI.T.solutionsproviderandsystems integrator,enablingitsclientstocompeteinanincreasingly technology-dependentenvironment.

EdgeTechnologiesisasoftwarecompanywhichfocuseson InformationIntegrationandDataVisualization.The services/productsofferedhereenablesquick,role-based

andpre-builtdataintegrationsthatprovidesecure accesstoinformation.

IntelligentWirelessNetworks,Inc.isaproviderofruralWiFi networks,applications,andsoftwaretosupportprecision farming.

ManagementCompanyName
bristolisopen.com
cmic-inc.com
dfnn.com
EdgeTechnologies edge-technologies.com BetsyGorgei Co-founder&CEO IntelligentWireless Networks intelligentwirelessnetworks.com
Co-founder
President
visualizations
blackswantechnologies.ai
Brief
ADMIRED Tech Companies 2018 20 The Most

Malaysia

Soon

MyE.GServicesBerhadisaninvestmentholdingcompanythat implementsanddevelopselectronicservicesproject.

mindWireless

Wise Co-CEO&Co-founder

MMISMediSpend

MichaelineDaboul President&CEO

Atechnologyandoutsourcingcompany,mindWirelwessInc. offersmanagementservicesandwirelessoptimizationto organizationsinandaroundUS.

MMISisacloud-basedSaaSsolutionproviderwhichoffersits brilliantadvocacytomedicaldevice,bio-pharmaceuticaland pharmaceuticalcompanies.

NewBanking

ChristianVistiLarsen Co-founder&CEO

NewBankingprovidesauseridentityplatformthatwillallow end-userstoverifytheiridentityeasilyandsecurelyacross businesseswhileatthesamehavingcontrolandownershipof theirowndataandidentityonline.

PTIntiData

AudieSuhandinata

&CEO

QuintessenceLabs

VikramSharma

IntiDataUtamahasemergedasaninnovativeERPand analyticsplatformsolutionsproviderscateringtoglobalclients.

QuintessenceLabsenablesthestrongestdataprotection

anyorganizationwithitssuiteofkeymanagement solutions.

Chandra

&

Seceonprovidesanadvancedcyber-securitythreatmanagement platformthatdetectsknownandunknownthreatsinreal-time.

Stone

AlexScandurra

Stone&Chalkisanindependent,nonprofitFintechhubwhose primaryobjectiveistohelpnurturethedevelopmentof world-leadingFintech.

Titan

Websites

Danny

&

TitanTechnologiesisanITsolutionandprofessionalservices providercompany.

WebsitesDepotInc.isanaward-winningGooglePartner

designandwebdevelopmentagency.

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mindwireless.com David
medispend.com
newbanking.com
quintessencelabs.com
CEO
throughout
Seceon seceon.com
Pandey Founder
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&Chalk stoneandchalk.com.au
CEO
Technologies titan-techs.com JollyJoseph Director
DepotInc. websitesdepot.com
Star Founder
CEO
website
Utama intidatautama.com
Brief
Wong
Thean
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ADMIRED Tech Companies 2018 20 The Most

Perfecting the Investment Process for Hedge Funds

layingtoyourstrengthsand

Poutsourcingtherest”isthe currenttrendofthe investmentmanagementindustry, manifestingmostnotablyinhedge funds.Hedgefundmanagershave lefttheoperationalbloatof investmentbanksormoney managersbehindtoformtheirown streamlinedfirms.Inmanycases thesefirmsconsistofateamof5-10 professionalswhospecializedin research,portfoliomanagement,and trading(the“corecompetencies”of thefund)whileallotherroleshave beenautomatedoroutsourcedto third-partyvendorssuchasAthena SystemsaswellasPrimeBrokers andFundAdministrators.

In2005,ateamofseniorsoftware developers,integrators,andanalysts startedthefinancialtechnologyfirm, AthenaSystems,witha revolutionaryvision,toperfectthe investmentprocessforitsclients. Athena’sgrowthisindeedadirect resultofexecutingonthisvision.

Athenaprovidesverticallyintegrated systemsthatfullyautomatethefront, mid,andback-officeworkflowsofan investmentmanagementfirmand doessoforlessthanthecostofa newemployee.Athenaprovidesa completesystemthatincludes portfoliomanagement,electronic

trading,performancemeasurement, riskanalysis,fundaccounting,client reporting,andstraightthrough processing.

TheDynamicLeader Mr.StefanoGuarnieri,the PresidentandDirectorofProduct ofAthenaSystems,hasadvancedthe producttonotonlyincreasethelevel ofautomationataninvestment managementfirm,buttodothisata morecompetitivepricepointinorder tolowerthecostofownershipfor newhedgefunds.

ThroughouthiscareerMr.Guarnieri hasdemonstratedadeep understandingoftheneedsofthe financialcommunityandhowto optimizetheirworkflows.Stefano has9yearsofexperiencewith Macgregor/ITG,whereheworkedas PlatformArchitect,ProjectLead,and DevelopmentManager.Hecreateda

competitiveedgeatMacgregor/ITG byintroducingmanyfeaturestothe PortfolioManagementplatformsuch asMulti-Assetsupport,anovel Multi-FactorOptimizerwith real-timesolvingcapabilities,Real TimeMarketDataFeedssupporting ReutersandBloomberg,andFixed IncomeElectronicTrading supportingTradeWeband MarketAxess.Thesefeatureswere thekeytowinningtheWaters Magazine2004Awardcelebrating XIPastheBestPortfolio Managementplatform.

StefanoholdsaMasterofSciencein ElectricalEngineeringfromthe UniversityofAncona,Italy.

Forthelast30yearsthefoundersof Athenahavecreatedaward-winning systemsthatenableasmallteamof talentedpeople,suchasahedge fund,todotheworkofhundredsata traditionalfirm.

Athena
enables a team of five to operate like a team of fifty…
‘ ‘ ‘ ‘ ADMIRED Tech Companies 2018 20 The Most “ July 201820

ServicesandSophisticatedStrategies

AthenaSystemsprovidesanintegratedinvestment managementsolutionforhedgefundsandother alternativeassetmanagers.Athenagivesaninvestment managerwith50millionto5billioninAUMthesame levelofautomation,analytics,andcontrolsasan investmentmanagerwith100billioninAUM.Athena allowsateamoffivetooperatelikeateamoffifty; allowinginvestmentmanagerstofocusongenerating returnsfortheirinvestors.

AthenaSystemsdevelopsandsupportstheSpark platformforhedgefunds.Sparkistheonlysystemonthe markettoprovideunifiedFront,Mid,andBack-Office Features.Thesefeaturesincreaseperformancemanage risk,savetime,andloweroperationalcosts.

Athena’sSparkPlatform

Sparkistheonlysystemonthemarkettoprovideunified whichcoversalloftherequirementsatahedgefund, including:

Realtime Portfolio & Trade Monitoring:Portfolioand trademonitoringallowsmanagerstokeeptrackof contributiontoriskandrewardonboththesummaryand detaillevel.ThesemetricsincludeHoldings,Trade status,P&L,RiskandStress-Tests,Flash-NAV,andCash Monitoring.

Operational controls:ProvidesCEOsandRisk Managerswithtransparencyintoandcontrolover variouscompliancerequirementsincludingPreandPost RegulatoryCompliance,EnforcementofInvestment Guidelines,NotificationofShareOwnershipFiling Requirements,EnforcementofTraderandPMlimits, andanycustomrulesorlimits.

Automation:Automationgivesfundemployeesthetools theyneedtoworkfast.ThesetoolsincludeElectronic TradingConnectivity,AutomaticFileGeneration, AutomatedPositionalTrade,CashReconciliations,and TradeAllocation,Calculation,andOptimization Engines.

Flexibility:ConfigurablesystemssuchasAthena’sSpark andAthena’sSparkPlatformprovidebotheffortless workflowsandtopmarksoninvestorduediligence reviews.

InvestingonInvestors

TheresearchteamatAthenaworkscloselywith investmentmanagerandallocatorsaswellasindustry groups,tonotonlytostayontopofnewregulationbut insomecasestohelpcraftit.Athenahasautomatedthe controlsandreportingrequirementsforrecent regulationssuchas:MiFIDII/MiFIR,GDPR,Various GlobalCyberSecurityRegulations,UKTakeoverPanel, andEuropeanOwnership.

ImplementationofAI

TheconsultingarmofAthenahasalreadyhelped portfoliomanagersincreatingresearchprojectsto exploreAI.Therecentprojectsincludemachinereading electronicfilingsandcorrelatingthesetoprice movementsaswellasusingmachinelearningto understandtheliquidityrisksofpreferredstocks.

Stefano Guarnieri President & Director of Product
July 2018 21

BankerBay

The Future of Investment Banking

echnologicalinnovationis

Trapidlydisruptingthe traditionalinvestmentbank’s roleandrelevanceinthedealmaking process.Onecompanythathas contributedsignificantlytothis disruptionisBankerBay,theworld’s largestinvestmentbankingplatform. Thecompanyisfocusedonreplacing thetimeconsumingand labour-intensivepartsofthedeal originationprocesswithefficient, scientificallyprecise,andscalable solutions.Usedbyleadingfinancial institutionsacrosstheglobe,the platformisanefficientreplacement andenhancementofthetraditionaldeal originationprocess,connecting qualifiedcorporateseekersofcapital withinstitutionalproviders, worldwide.Inalittlelessthanfour years,BankerBayhassolidifiedits positionasthelargestinvestment bankingplatformwithcloseto27,000 registeredmembers,overUSD250 billionincurrentlivedealsand approximatelyUSD30billioninnew dealsbeingsubmittedtotheplatform everymonth.

AttheHelm RomeshJayawickrama,CEOand FounderofBankerBay,hasover twentyyearsofinvestmentbanking experience.Havingstartedhiscareerin London,helatermovedtoSingapore wherehespentseveralyearsworking attraditionalinvestmentbanks.After

experiencingyearsoffrustrationwith thelackofevolutionatthesebig banks,helefttosetuphisown boutiqueadvisoryfirmthatfocusedon middlemarketcompaniesrequiring capital.

Thisbackground,bothatthebigbanks andathisprivateboutiquefirm,ledto theidentificationofamuchbigger systemicproblemintheindustry.It wasalldependentonhumancapital-a resourcewhichwasscaledback dramaticallyduringthefinancialcrisis. Italsoreliedmoreonthestrengthofa personalnetworkthanthemeritsofthe actualdeal.Jayawickramafeltthistime consumingandinefficientprocesswas nolongeracceptable,andcertainlynot necessary.Beingaleaderwhobelieves inintelligentlyimprovingoutmoded,

laboriousworkflowswiththehelpof technology,heestablishedBankerBay tosolvetheseproblems.

ATrulyGlobalCompany BankerBaywasestablishedtoensure thateverysinglemid-marketcompany intheworldthatneededcapital, wherevertheywerebasedand regardlessofwhotheyknew,could haveaccesstothemostappropriate capitalfortheircompanybasedon meritandfundamentals.

WithBankerBay,privateequityfunds andinvestmentbankslookingtoinvest incompaniescanaccessqualifieddeals fromfirmslookingtoraisecapitalfor theirbusiness.Thisconvertsthe manual,unscientific,slowand

The
rapid growth BankerBay has seen in terms of membership, as well as deal flow, are a testament to the fact that the industry has adopted BankerBay’s technology to simplify their deal sourcing requirements
‘ ‘ ‘ ‘ ADMIRED Tech Companies 2018 20 The Most July 201822

expensivedealoriginationprocessintoatechnologydriven,automated,scientificallyprecise,fastandcost effectiveone.BankerBayfreesupthetimeofitsusersby reducingtheworkofhundredsofman-hourstoamatterof minutes,andallowingthemtofocustheirlimitedresources ondealclosureratherthansourcing.

ALaboriousProcessReducedtoaMatterofMinutes

Injustafeweasysteps,BankerBayhelpsmembersraise capital,buyandsellcompanies,locatepotential investmentsandnewclients.BankerBayusespowerful, proprietarymachine-learningalgorithmsandateamof expertanalyststomatchrequirementsenteredbyits members.BankerBayisntdesignedormeanttoreplace’ in-personmeetings.Itisaplatformtobettersource informationandopportunities,priortocommittingvaluable resourcesfurther.

BankerBayistheonlyplatformthatiscurated,vetting everysinglenewclientanddealbeforetheygoliveonthe platform.Itrejectsapproximately30percentofthedeals submittedtotheplatformeachmonthforamultitudeof reasons,asthequalityofdealflowisofutmostimportance. BankerBayoperatesonaconfidentialno-namebasis,only revealingcontactdetailsoncebothpartieshavechosento beintroduced.

SimplifyingtheDealSourcingProcess

BankerBaycurrentlyhascloseto27,000registered

members,with1,000newmembersbeingaddedeach month.Theseinclude134oftheFortune500,andsomeof thebiggestglobalnamesinprivateequityandbanking. BankerBaymembershaveaccesstothelargestplatformof dealsintheworld–overUSD250billioninlive,curated dealstoday.

BankerBaydeliversacuratedlistofpotentialinvestment opportunitiesorsourcesofcapitalinnotweeksormonths, butminutes,allowingitsuserstodeploytheirhuman capitalonhighervaluetasksupthechain.Therapidgrowth BankerBayhasseenintermsofmembership,aswellas dealflow,isatestamenttothefactthattheindustryhas adoptedBankerBay’stechnologytosimplifytheirdeal sourcingrequirements.

ADigitalTransformation

ThescopeforaplatformsuchasBankerBayisvirtually limitless.Newtechnologieshavethepotentialtosolve simple,repetitiveortimeconsumingtasks.Forinstance, BankerBayusesnaturallanguageprocessing(NLP)and machinelearningtounderstandinvestmentmandatesin ordertomatchthemtorelevantqualifieddeals–allwithout expendinghumancapitalortimeintheprocess.At BankerBay,theunderlyingbeliefisthatchallengesstem fromhowpeopleusetechnologyandnotthetechnology itself.

LookingtotheFuture

BankerBayisconstantlyinnovatingandbuildingtowards excellence.Thecompany’sultimategoalistotransformthe entiremid-marketdealsourcingandexecutionspaceusing BankerBay.Thiswouldmeanthatanyparticipantsinvolved inglobalmid-marketdealswoulduseBankerBayastheir primarytool,supplementedbyadditionalmachinelearning andpredictiveanalyticalproductsthatwillmovethe platformandourindustry from descriptive analytics to predictive.Theorganizationwillbeintroducingblockchain featuresandthedevelopmentofadditionalenterprise productsinthenearfuture.

July 2018 23

About the Author

Koichiro Yoshida is the President and CEO of CrowdWorks. He founded CrowdWorks Inc, in 2011 which provides the Japan’s largest crowd sourcing service and has taken lead in offering. The company was listed on TSE Mothers in 2014 and provides services to over 1.87 million crowd-workers which includes, 12 government institutions and 240,000 companies as of June,2018. In 2015,he was awarded to Workstyle Innovative Award in Japan’s Venture Company Award of Ministry of Economy, Trade and Industry proposed by Shinzo-Abe Prime Minister.

FINANCE ‘N’ TECH July 201824

How Is Technology Going To Transform The Financial Sector

Fintech(Finance+Technology)isoneofmost significanttrendsintheworld.Transformational technologies,suchassmartphones,smartwatches, blockchain,P2Pnetwork,cryptography,machinelearning andoptimizationalgorithmswillrapidlyanddrastically convertthecurrentfinancialworld.Inmyopinion,thereare fourmega-trendsinthisarea:1) Cashless Society,2) Rise of the Consumer Credit Economy,3) Cryptocurrency and Financial System Reform via Blockchain Technology,and4) Trade Automation using Machine Learning

CashlessSociety

Firstly,digitalpaymentsusingsmartphonesand smartwatchesareexpectedtofurtheraccelerate.InJapan, contactlesspaymentsystemssuchasSUICAandPASMOare widespread,butusingsmartphonesforpaymentwillbecome thenorm.Iamconvincedthatinthenearfuture,youwon’t needtousearealcreditcard,butyoucanpayforyourdinner bysimplyusingasmartphoneattherestaurant,andyoucan transfermoneytoyourfriendusingyoursmartphone.Alipay andWeChatPayhavealreadystartedtoreformtheway moneyisused,andChinaisnowshiftingtoaCashless Society.IntheU.S.,VenmoandCASHAppareusedfor transferringmoneytoeachother,makingcashunnecessary. Japanwillalsoadapttosuch,wheretherewillbean enormousopportunityforbusiness.Inthenextfewyears, manystartupswillproduceproductsthatwillleadtoa cashlesssociety.

TheRiseoftheConsumerCreditEconomy

Secondisthe“ConsumerCreditEconomy”.Withthespread oftheInternetandSNS,thereisasignificantchangeinhow individualswork,andhowoneobtainscredit.Inthelast century,corporationshadconsiderableauthority,and personaltrustdependedonthetypeandsizeofthe companiestheyengagedwith.Butnow,dataofan individual’sskills,expertiseandcareerarestoredonthe InternetandSNS,andinsomecases,thenumberof followersonTwitter/InstagramandfriendsonFacebook maybemoreimportantthanwhatkindofcompanyyouwork for(therearepeoplewhohavemanyfollowerscalled “Influencers”).Inadditiontothistrend,individualworkers

July 2018 25

suchasusersofCrowdsourcingplatforms (e.g.,CrowdWorks),canearnmorethanthosewhoworkfor acompany.IntheU.S.,“FreelancinginAmerica2017”,the surveyconductedbyindependentresearchfirmEdelman IntelligenceandcommissionedinpartnershipbyUpwork andFreelancersUnionshowedthatthenumberoffreelance workersis57.3millionlastyear,anincreaseofover4 millionsince2014.Inaddition,basedonthesurvey,itis predictedthatthemajorityoftheU.S.workforcewillbe freelancerswithinadecade(by2027).Withaccelerationin suchdirection,thewayofpersonalcreditwillchange.In thelastcentury,individualworkers,freelancers,andsmall businessownershaddifficultytogetcreditandloansfrom financialinstitutions.Howevernow,onKabbage.com, smallbusinessownerscangetquickaccesstoworking capitalbySNSinformation.InChina,SesameCredit,a subsidiaryofthee-commercegiantAlibaba,usesdatato createascoreforeachpersonbasedonhowtrustworthy theyare,andhigh-scoreduserscangainvariousbenefits suchassocialsecurityandwelfare,therighttobeadmitted toexpensiveprivateschools,andsmoothclearanceof Chinesecustoms.Astheseexamplesshow,aflexiblesocial systemoptimizedforeachindividualstartstoemerge.Of course,countlesscompanieswillinventsomerevolutionary financialproductsuchasinsuranceandlendingservicesfor individualworkersinthenextfewyears,andmanyFintech startupswillintenselyendeavortoproducesuchproducts.

CryptocurrencyandFinancialSystemReformvia BlockchainTechnology

Thethirdisblockchainandcryptographytechnology.As youknow,blockchainisanecessarytechnology,thecoreof whichisan“openanddistributedledger”and cryptocurrencyisoneofthehottestapplicationsof blockchain.Cryptocurrency,representedbyBitcoin,hasa tremendousimpactontheeconomy,andiscreatinganew ecosystem.Thecombinationofcryptography,P2Pnetwork andblockchainisverycompelling,anditmayeliminatethe existingmodelofcurrencyandthewaymoneyis transferred.ThemarketvalueofBitcoinisnowover10 billionUSdollars.

ButblockchaintechnologyrepresentedbyEthereumisnot limitedtocryptocurrency,buttovariousfieldssuchas

audit,creditinvestigation,andtransactionmanagement. Withblockchain,thesystemrecordsalldatainablock,and theapplicantsofthenetworkmonitoreachother’sdata correctness,makingblockchainsecurebydesignand exemplifiesadistributedcomputingsystem.Withthiskind ofdistributedsystem,theoverheadfeescurrentlycharged willbeclosetozero.Therearemanypossibilities,suchas mostbusinessprocessesofthetraditionalfinancial institutionswouldbeautomatedanddecentralizedby blockchain,andsomeblockchaincompanieslikeBitfury andbitFlyerwouldbegintoprovideblockchaintechnology toexistingbanksandfinancialinstitutions.Inaddition,Iam convincedthatafuturewouldcomewhereventure companiesandstartupswillinventnewinsuranceproducts (suchasautomatedcreditsurveys),anduniquerealestate transactionstructuresusingblockchain.

TradeAutomationusingArtificialIntelligence

ThelastistheriseofArtificialIntelligence,representedby MachineLearning/DeepLearning.“AI”hasstartedto changethestructureofthefinancialindustry.Forexample, GoldmanSachs,oneoftheworld’slargestfinancial institutions,hasreportedthattheyhaveautomatedtrading byMachineLearninganddrasticallyreducedthenumberof tradersinthecompany,andnowthereareonlytwopersons whoworkastraders.InSiliconValley,some“AIhedge funds”havebeguntoappearrecently,whereAIcompletely judgesaninvestmentwithouthumanintervention.Asthese examplesshow,AIcandrasticallyimproveproductivityof tradingbusinessesthatarebasedonalgorithms,eliminating needforhumaninterventiontoabareminimum. High-speedtrading(HFT)hasbecomeapopulartopicof conversation,madepossiblewithincreasedcomputer performanceandalgorithmevolution,isexceedingspeeds beyondhumanability.Machinelearninghasenormous potentialtotransformthefinancialbusinessstructure.

AsIdescribedabove,therearemanypossibilitieswhere transformationaltechnologiesarerevolutionizingthe financialindustry,andI’mextremelyoptimisticaboutthe future.Ilookforwardtoagreatfuture,andourliveswill evolveforthebetter.

July 201826
Critical

heevolutionofcomputing

Tinvolvednumerouschanges andgroundbreakingupgrades tooptimizethecomputingexperience towhatitistoday.Itallstartedwith hardwarethathadgiantmachines consuminglotsofresourcesand offeringonlybasiccalculations.These machineswerethenbackedupby softwareprogramsandtheinternet, andtheeraofmoderncomputingtook offthereafter.Weareinthemidstofa digitalrevolution.Dataisthenew naturalresourceoftheworld.

Acognitiveorganizationisonethat connectsdiversetypesofdata,changes thewaypeopleandstakeholders interactwiththedataandallowseach memberoftheorganizationtoaccess informationthatisrelevanttotheir work,inordertoanswerthemost complexbusinessquestions,uncover patternsoremergingtrendsandseek breakthroughideasthatwillchange theirbusinessforthebetter.The moderngenerationofcomputinghas inculcatedArtificialIntelligence. DemandforAIisgrowingandmany companiesarelookingforprovidersto meettheirneeds.

Onesuchcompanythatentwines artificialintelligencewithitsenterprise clients’ITinfrastructureisBlackSwan Technologies.ItisaBigData, cognitivecomputingandartificial intelligenceProductCompany,which provideslargeenterpriseswitha powerfulAIOperatingSystem.This enablesenterprisestoindependently

developanysolutiontofrom mitigatingrisktogeneratenew businesswhiledigitalizinglegacy practices,enhanceefficienciesand createnewopportunities.

BlackSwanTechnologiesis revolutionizingthedataacquisitionand monetizationmarketwithits breakthroughproduct, ELEMENT. The softwareenablesenterprisestoacquire, own,control,manageandpersonalize theirdataassets,therebydrastically changingthewayenterprisesmonetize dataassetseitherinternally,externally andcombined.ELEMENTproactively collects,extractinfers,connects unrelatedentitiesandevents,resolves entitieswhilebuildingunprecedented knowledgegraphs,recommendations andactionableinsights.

WithELEMENT,enterprisescan independentlybuildalltypesof applications,combininginternaland externalinformationtoreducerisks anderrors,eliminatewaste,increase downstream/upstreamoperations visibility,improveaccountabilityand compliance.

VisionoftheTorchbearer MichaelOuliel,theCEOof BlackSwanTechnologies,hadavision toenablethe“Intelligenceof everything”throughthecompany.His ideawastointroducethepowerof intelligencetodataintensive enterprises.Hiscontinuousinteractions withcutting-edgetechnologiesand methodologieshelpedhimrealizethat atechnologicalevolutionwasshaping upintheworldofcognitive computing.

Michaelisanexpertinintelligence, andtechnologysectorsformorethan 20years.PriortoBlackSwan,hewas thefounderandCEOofRipplesHLS Group,andaSeniorStrategicAdvisor toOracleCorpintheareasof Intelligence,National/Homelandand CyberSecurity

OneCompanyOneSolution BlackSwantechnologiesbelievethatit isbettertoanalyzetherootofall challengesthanfocusononespecific challenge.Andtherootherewasthe underutilizationofdata.Thecompany discoveredthatitbecomescomplicated forenterprisestoassignmultiple

BlackSwan Technologies ‘The Intelligence of Everything’
At BlackSwan Technologies we don’t just try to play the game better, we look to altogether playing a different game ‘ ‘ ‘
‘ ADMIRED Tech Companies 2018 20 The Most July 201828

vendorsformultiplesolutions.Thisleadstomultiple softwarelicenses,multipleproprietarydatamodels,high operationalcostsandmiscommunication.BlackSwan Technologies’ELEMENToffersaparadigmshift,by addressingtheentiredatalifecycle,andcaneither complementexistingassets,augmentavailable infrastructureorreplacethemaltogether.

ElementofCustomerSatisfaction

BlackSwandeliverssolutionsinvariousareasfrom reductionofriskandcoststobettercustomerexperience andnewbusinessopportunityidentification.Oneofits customers,atopclassglobalbankboastsacompliancecost of7%oftotalexpenditurewhichisnotunusualinthe currentenvironment.ELEMENTmanagedtheentire complianceprocessanddelivered50%reductionin operationalcostswithdoubledanalyst’sproductivity.

ELEMENThasalsohelpedaTop5globalinsurerby manifestingitselfasanendtoendCyberunderwriting platformforacquisitionofcustomers,riskanalysis, personalizationandongoingriskmodelingbasedonthe collectionofunbiaseddataresidingoutsideofthe organization.Thecustomernowcontrols35%ofthecyber insuranceglobalmarket.

ChallengesfromTechnology

Oneofthechallengesintechnologyistoeffectively implementitandderivevaluefromthesame.Thereare otherchallengesaswell,suchasbusinessdatastillresiding withinahodgepodgeofinternalandexternalsourcesthat

relyonamixofcloudandon-premisesystems,inmultiple formats,languages,andvalues.BlackSwanTechnologies solutioneffectivelyaddressestheabove.Keyunderlying technologiesareintegratedinonesingleschemaless platform,thattakescareofeverythingfromdataacquisition tothecreationofrelevantinsights,butalsothemusthave enterpriseoperationalcapacitiessuchascasemanagement, BPM,BRA,Scoreengine,etc.allowingfortherapid creationofapplicationsthatencapsulatesfullscopeof businessneedsacrossthecustomerlifecycle,specifically tailoredforone’sbusiness.

StandOutandDeliver

TherearenumerousbenefitsthatdifferentiateBlackSwan Technologyfromthecompetition.Firstandforemost, ELEMENTisareadymade‘oftheshelve’product combinestechnologies,bestpracticesandknowledge,to covertheentiredatalifecycle,fromacquisition,through interpretationandprediction,todeliverimmediate operationalbenefits.Easeofuseisatthecoreofcompany’s solutionwithstrongfocusonensuringintuitivenavigation andabilitytoquicklygetthedesiredresults,problem-free. ELEMENTisacompleteWhiteBoxallowingitscustomers accessandownershiponeverystep,process,technology andalgorithminsidethesystem.

Inaddition,whilethemassiveexcitementaboutAIanddata scienceinthemarketELEMENTisalsooffersstrongwide anddeepenterprisecapabilities.ToolssuchasCase Management,BPM,ScoreEngineandQuestionerbuilder arewellembeddedthusgivingtheenterprisetheexperience ndheissofamiliarwithempoweredby22 century technology.

Butthemostimpressivefactisthatanyenterprisecan self-buildaPoVwithin12weeksandhavingany productionreadyenterpriselevelapplicationin5months. BlackswanTechnologiesisreallyofferingthe‘Intelligence ofEverything’.

FutureofAIbasedComputing

Thecompanyissettodeliverthefollowing:

• Extendedproductionagreementswithlandmarknames inFinancialServicesIndustry.

• releasetheproductforwideandglobalusageviaits communitylicensescheme.

• Workingroundtheclockoncompletelydisruptingthe waydataisacquiredandconsumed.

• DemocratizationofDataacquisitionandArtificial Intelligence.

July 2018 29

echnologicaladvancesintheTpastfewdecadeshave significantlyincreasedthe competitivenatureoftheeconomic businessworld.Companieshave usedsoftware,computersandthe internettotransformtheirbusinesses fromlocaltoglobalmarket competitors.Manycompanieshave respondedtothesechangesby automatingtheirbusinessprocesses andcapturingindustry-related informationandusingittotheir advantage.Technologyhasalso forcedbusinessestoremainflexible, adaptingtheiroperationstonewer andbettertechnologicaladvances.

DFNNissuchacompany,providing flexibilityaswellasfunctioningas anadaptingleadingI.T.solutions provider,systemsintegrator,and gamingsolutionprovider.Since 1999,theCompanyhasenabledits customerstocompeteinan increasinglytechnology-dependent environment.Backedbyitsdomain expertiseinfinancialservices,the companyhasbecomeaproprietary softwaretechnology,wireless,and securesolutionspartnerofleading corporationsandinstitutions.

TheTechnophileLeader

ThecurrentPresidentandCEOof DFNNisCalvinLim,appointedin

March2018.Thenewpresidenthas over15yearsofexperience overseeingoperationsinthesoftware anddevelopmentandgaming industry.HeholdsanexecutiveMBA fromtheNationalUniversityof Singaporewithadiplomain ComputerScienceandInformation TechnologyfromtheAsiaPacific University.Healsoco-foundedand servedasanoperatingofficerof NogleLtd,aventurestudiofor early-stagestartupsinHongKong.

CalvinLim,states,“Internally,asa company,ourmosttreasured resourcesareouremployees.As such,weaimtoempowerthemand increasinglyinvolvetheminthe visionandgrowthfortheGroupasa whole.Together,weaimtobuildon theGroup’scorecompetencieswhile addingadditionalrevenuestreams withinrelatedavenuesinthe technologysector.”

AdvancingBusinessand PioneeringTechnology PSE-listedDFNNhascompetencies inhighvolumeandsecurefinancial transactions,softwaredevelopment, I.T.supportservices,secureplatform development,andturnkey implementation.Itssubsidiary, iWaveInc.isaleadingcompanyin thePhilippinesthatspecializesin designinganddevelopingturnkey solutionsfortheinformationsystem requirementsofbank-gradefinancial institutions.InFebruaryofthisyear, iWavesigneda Memorandumof UnderstandingwithCagayan EconomicZoneAuthority(CEZA) andTokyo-listedfinancialservices company,TradersHoldingsCo.Ltd. ThememorandumgivesiWavethe opportunitytobeapartofthefirst Asian-locatedSpecialEconomic Zonefocusedonthecontinuous developmentoffinancial technologies.

Technology very much in play Our primary focus is to provide the best possible experience and service to our technology platform operators and end-users ‘ ‘ ‘ ‘
ADMIRED Tech Companies 2018 20 The Most
July 201830

AdrenalineInside

DFNNisoneofthefastestgrowingenterprisesinthe Philippinesespeciallyinprovidinggamingsolutions. Thecompanyrealizedthatmanyofitsdeveloped technologiesandprojectmanagementexperience deployedatitsvariousfinancialinstitutionalclientsare alsocapableofbeingcustomizedandusedinagaming environment.Bothfinancialandgamingindustries requiresecureenvironmentstooperate.Withtheadvent ofthegamingindustry,bothland-basedandelectronic, DFNNhascreatedaprofitablenichethatcaterstothe needsoftheemergingAsianGamingMarket.Its wholly-ownedsubsidiary,Inter-ActiveEntertainment SolutionsTechnologies,Inc.(IEST)istheownerand operatorofmultiplegaminglicensesissuedbythe PhilippineAmusementandGamingCorporation (PAGCOR).Theenterprisehasanelectronicgaming machine(EGM)licenseoperatingunderthebrandname, ‘Instawin’ andasportsbettingexchangelicense operatingunderthebrandname, ’‘Xchangebet.

NotJustforProfit,ButforPeople.

AnintegralpartofDFNN’sservicesistohelpcompanies integratetechnology,businessprocessesandpeople whiletheyfocusontheircorebusinessandtheir customers.BusinessesenjoyDFNNsolutionsby integratingtheirprocesseswithtechnologiesthat

leveragetheirexistingI.T.investments,manpower,and newerapplicationsthatmayneedintegrationswith maturesystems.

Ingamingsolutions,thecompany’spowerful combinationofgamecontentandtechnologyhas resultedinrevenue-enhancingsolutionsforits customers.DFNNisdeliveringinnovativegamecontent throughitspartneredsoftwareproviderswhoaresomeof themostreputableintheindustry.Theenterprise continuestotransformthequalityandserviceofits products,systems,andsolutionstosupportandexpand sales.

Itsgamingplatform, ’,isthemost‘Instawin comprehensivesuiteofgamesinthePhilippines’ e-CasinoMarketand ’isthefirstandonly‘Xchangebet bettingexchangelicenseandfacilityinthecountry. Softwarepartnersoftheenterprisearesomeofthemost respectedgamecontentprovidersintheworldwhoshare theirpassionandlistentothemarketneedsoflocaland culturaltastes.

PioneeringBreakthroughsfortheFuture

Thefirmbelievesthatthereisalotofroomfor innovationinfinancialtechnology,andisaimingto pioneerbreakthroughsintheblockchainand cryptocurrencysectors.

DFNNwillcontinuetoinvestinitsinnovativegaming technologiestodeliverexciting,newcontentthrough leadingtechnologytomaximizethegamingrevenue stream.TheCompany’sgamingsolutionsspanthe capabilityforwirelessgaming,gamecreation,and gamingrelatedprojectmanagementandsoftware outsourcing.Thecorporationwillcateritsgaming productstotheneededbusinessprocessesoflegal gamingentitiesoperatinginlegalgamingjurisdictions.

Calvin Lim President & CEO
July 2018 31
FADING THE DARK INTO LIGHT LEADERSHIP TRAIT July 201832

Leadershipisnotaboutindividuals,it’saboutthe relationshipbetweenaleaderandhisfollowersand that’swhyWarrenBennishassaid:“A leader doesn’t just get the message across; he is the message”.A Shadowisdefinedasadarkareawherelightisblockedby anopaqueobject.Shadow,inthiscase,isametaphorand relatestotheleader’scharacter,relationship,integrityand workethic.Leadershipisaconceptthatpositsthatleaders affectthosewhotheylead.Leadershipshadowisnotanew concept,yetithastosecureitspositionintheworld.A leader’saction,messages,words,behavior,andattitude flowintoitsfollowersdirectlyandindirectly.Aleader sometimehasthemostsubtleindirectshadowthathasthe biggestimpacteventhoughit’slessvisible.Thisshadowis onesuchpropertyrequiredbyanindividualtobeafront runnerinthecorporateworld.Itisdifficulttosee,butits shapeandclaritywillreacheveryonewhofollowsthem.A wiseleadermakesprudentdecisionsandtravelstheroad lesstakenthusleavingbehindthelegacythatis unmatchable.Shadows,in-termsofpsychologycanbe definedas“those untamed emotions and behavior that lie, largely unconsciously beneath the surface of our lives”. Theseshadowshavepositiveandnegativeattributesthat individualspossessbuttheyarenotawareof.Negative attributesarethosehostilewoundswhichcansabotage someone’ssuccessandrelationshipwithothers.Positive attributesarethesurvivalstrategiesthathelpincopingup withnegativeattributes.

Blown-outoverallimage

A2014studyfoundthat40%ofworkerswouldratetheir bossesa‘B’gradeforoverallmanagementskills.Ina2012 survey,workerssaidthattheirbossesmisbehavedeven sayingthattheydisplayedinappropriatebehavior,bad language,andbullying.Fewothersurveyssuggestthattheir managersaredoinginadequatework.Inthefast-paced, interconnectedandimmenselycompetitiveworld,this growingproblemisincreasingrapidlyandcausesrifts betweenleaderandfollowers.Thetensionsthattheserifts triggerarethenegativeshadows.Followersalsoignore programandservicesthattheirmanagerthinksinvaluable. Thisdiminishesthepossibilitiesoflearningand development.

Understandingtheothersideofthestory

Individualsworkhard;andpushthemselveseveryday tryingtoreachthetoptierofanorganization.Sometimes,

inascendingtheladderofsuccess,personalandbusiness catastrophesemergesamongtheco-workers.Executives havesuchpowerinfluencesoverstheothers,withouttheir ownawareness.Thedemandandresponsibilitiesofajob oftenmakesbosseshardtounderstandtheimpactoftheir shadows.Thehighertheygo,theresponsibilitiesgetbigger andsodoestheshadows.Theyhavetogettheworkdone whichcreatespsychologicaldemands.Theygetstuckinto antisocial,workaholicandsometimesdepressingstates. Thesestatescomplicateandmakedifficultiesin understandingthedynamicsandrepercussionsofthe impactthattheirshadowgenerates.Sometimesthese shadowsgosomuchdeepthatitturnsintoablindbigblack spot.Thesepowerfulheadshavetounderstandthatthe employeesnotonlymirrortheirbossbuttakecuesafter them.Mirroringbossisasafestrategytostayhealthyinthe corporateworld.Amove,smartordumbisaccessedby everyonearoundthewholecompany.Leadersshouldbe awareofwhattheysay,whattheyprioritizeandhowthey gettheworkdone.Bydoingdeficientleadership,theyfail tofindtheinspirationandininspiringothersbecauseof they’reevenbiggergettinganegativeshadow.Aleaderalso reachestheslipperypointincareerandstartstoget comfortableintotherole.Atthispoint,aleaderignoreshis dutiesanddependsupontheirjuniorstocompletethework.

Attitudetowardstherole

Everyleadershouldembracehis/hershadows.These containthepositiveandnegativeexperiencesoflife.These aretheexperiencesthathaveempoweredthemtobe someone’sboss.Embracingtheseshadowswillgivethem hugerelief,andmoreimportantly,leadersshould acknowledgethedarksidewithoutbeingafraid.They shouldbeawareoftheiractionsandmessagesboth internallyandexternally.Accessingthesesideswillhelp themincreatingtheirorganizationmorehumane,friendly, approachableandconnected.Acknowledgingweaknesswill surgemorerespectamongtheworkersandthestrengthsin inspiring.Relyingonothersinweaknesswillgeneratethe highestmarks.Thefamousformula“E+R=O”i.e.

“Events+Response=outcome”istheperfectsolutionof maintainingtheengagements.Anyleadermustremember thatthecultureofanyorganizationisshapedbyanytypeof behaviorifonlyaleaderiswillingtotolerate.It’supto individualshowtheywanttocasttheirshadowontheir followersandthemselvesonblack-to-whitecolour spectrum.

July 2018 33

Innovative ERP and Analytics Solution Provider

hegrowthofERPisnothing

Tlessthanphenomenal.Over thetime,ithasprovedtobe amongoneofthebesttoolsfor managingproceduresandresources alongwithcoordinatingmultiple activities.Inanenterprise managementmoduleperformingkey taskslikeintegralstrategicplanning, collatingdailyactivities,and communicatingwiththestakeholders hasbecomeeasierwiththeadventof theERPplatform.Aligningvarious componentsofthebusinessintoa singlemanagementsystemprovides adetailedinsightofentire organization.Additionally,withthe amalgamationofERP’sabilityto consolidateextensivedataintoone platformandinnovativeBItools, ERPandBIareworkingtogetherto provideaneffectivedata-based decisiontobusinesses.ERPhasa strongmarketshareandindependent researcherssuggestthatglobalERP marketisexpectedtoamass forty-onebillionUSD,registeringa CAGRof7.2%duringtheperiod 2014-2020.

Onesuchcompanywhichhasplaced itsbetonERPforitsfuturegrowthis PT.IntiDataUtama(IDU). Incorporatedin1999,itfocuseson deliveringworld-classERPand businessanalyticssolutionstoearly stageorganizations,SME’susing

believe in delivering values and creating success stories in our experiences and projects

innovativetechnologies.Consulting andFinancearethecore competenciesofIDUsinceinception. Theirstrategytocementthemselves asacompletesolutionproviderhas assistedthemtoevolveasa prominentplayerinproviding effectiveERPandanalytics solutions.

Modernizingsolutionsforvarious industryverticalsliketravel management,manufacturing, wholesaledistribution,realestate, automotivedealershipandhealthcare hasassistedIDUtoshowcasetheir potentialandefficiencyindelivering customizedsolutionstotheirclients.

AligningwithmajorITcompaniesto formabiggergrouptoprovide differentsolutionsunderasingleroof hashelpedIDUtoenhanceitsfoot baseevenintotheunexplored territories.Thishasfurther strengthenedthecapabilitiesofIDU toprovidesolutionindiverseareas

likeERP,analytics,eCommerce, HRIS,andinfrastructuretonamea few.

TheTenaciousLeaderofIDU AudieSuhandinata,Founderand CEOofIntiDataUtamaisaperfect exampleofapragmaticbusiness leader.Havingapracticaland futuristicapproach,hehasbeen influentialincreatinganenabling environmentforthechangeand transformationtohappen.Audieisa sciencegraduateaswellasanMBA inmanagementinformationsystem fromCaliforniaStateUniversity, Pomona(USA).Hecommencedhis professionalcareerasamanagement consultantandfinancialadvisorin ‘ErnstandYoung’consultancyin Jakarta.Hisexposureinmanaging differentengagementslikeERP implementation,performanceaudit, SOPdevelopmentandbusiness processimprovementatthestartof

An
We
‘ ‘ ‘ ‘ ADMIRED Tech Companies 2018 20 The Most July 201836

hiscareerassistedhimtooutshineasafuture entrepreneur.AfterastintoftwoyearsatEY,Audie foundedIDUin1999.

PartneringwithSAPvendors–KeytoSuccess

IDUhaspartneredwithsomeofthebestglobalERP vendorstocaterinnovativesolutionstotheirclients.This associationhelpsIDUtoshowcasetheirbusiness acumenandexpertizeamongthepartnersand prospectiveclients.Someofitsmentionablepartnersare:

SAPSE

SAPSEisaGerman-basedMNCandisthemarket leadersinERPsegmentwithamyriadofproduct portfoliostocaterSME’s.Itdevelopsenterprisesoftware tomanagebusinessoperationsandcustomerrelations andprovidesERPsolutionstovarioussectorswhich include–finance,manufacturing,healthcare,CRM, supplychain,analyticsamongothers.

Epicor

EpicorisaUS-basedcompanyandaworldwideleading softwarevendorspecializinginprovidingERP,CRM, andSCMsolutions.Itoffersawidevarietyofsolutions forindustrieslikehospitality,manufacturing, pharmaceuticalandothers.IDUisanauthorizedEpicor channelpartnerinIndonesia.

Salesforce

SalesforceisapioneerinreinventingtheCRMplatform. HeadquarteredinSanFrancisco,California,the cloud-basedsoftwareisoneofthemosthighlyvalued cloudenabledcompaniesandhasbeenapreferred choiceforclients.

Awards,AccoladesandAchievements

AsaprominentplayerintheERPmarket,IDU’sdomain expertisehaswonthemvariousawardsandrecognitions overtheyears.Someofthementionableawardsare:

- RookieoftheYear–EPICORERPAsiaPacific (Year2014)

- TopNewNames–SAPIndonesia(Year2008)

- ChannelPartnerAchieversAward–SAPSouthEast Asia(Year2007)

- FastestGrowingPartner–SAPIndonesia(Year2016)

- FirstPartnerPosition–SAPIndonesia(Year2016)

- FirstPartnerPosition–SAPIndonesia(Year2017)

FutureofERPIndustry

AsamarketleaderininnovativeERPandanalytics solutionprovider,IDUhasaconceptualizedthefuture roadmapofthecompanyaftergainingvaluableinsights throughadetailedstudyoftheERPmarketthattoowith greatprecision.Asapartner,IDUcontinuestofollowthe latesttrendsandtechnologydesignedbytheindustry giantlikeSAPSEandSalesforce.Theyhavealso partneredwithananalyticsfirmfromJapantoprovide deeperinsightstotapthefutureIoTmarket.Theirfocus areaistodeveloptheenhancementsreceivedfromthe principalpartnerswheneveratransitionoftechnology takesplace.ForIDU,digitaleconomyisstillan unexploreddomainwhereERPsolutionscanhighlight theirdominanceandcanprovidebetteropportunities. AnotherareawhereERPsolutionscanbemoreeffective isbyembracingIoTandautomationasroboticsand artificialintelligenceenabledtechnologieswillhavea muchincreasedmarketshareinthefuture.

Audie Suhandinata Founder & CEO
July 2018 37

A WiFi Wireless Carrier for the Global Rural Communities

owadays,techcompanies

aremovingatafastpace andimprovingtheagile strategiesinordertotransformthe marketwiththeirownenterprise solutionsandproducts.Oneofthe companywhichwantstoleadonits ownfieldisIntelligentWireless Networks(IWN™),arural stInternetificationCompanyofthe21 century.Itbuildstheinfrastructure andrequirednetworkcomponents fromsinglelinesofservicetoafull communityWiFinetworkforrural towns,villagesoranycommunity globally.

Since2013,ithasbeeninvolvedin ruraleconomicdevelopmentwith IBM,CaliforniaStateagencies,US Governmentagencies,localand regionalbroadbandconsortiumsand manymoreentities.Inordertotruly providetheservicesofqualityhigh speedinternettotheunderorUN servedareasoftheworld,the expertiseinwirelesscommunications hascreatedtheirownWireless InternetServiceProvidermodeland whichbecameakeytotheirservice.

IWN™usesstateoftheartwireless networking,combinedwithdecades ofcellularnetworkengineering, designandbuildingtoofferthe worldfirsthybridwirelessnetwork

carriercompany.Itcanbringhigh speedinternettoanypartofthe globe.IntelligentWirelessNetworks todaycanevenequipmarswith internet.StevenDavis,CEOand Founderquoted,“Even we have the confidence to set up and provide network on mars too”

Thecompany’snewestofferingto theruralcommunitiesistheworld’s firstMulti-LevelMarketing(MLM) styleWi-Fibusinessmodel.Its in-housepatentpendingopportunity offerstheabilitytopurchasesimple internetservice,freeinternetand makealittlemoneyandaproven businessmodeltofinancialfreedom.

TheIndustrialExperts

IWN™wasjointlyfoundedby StevenDavisandGinaDavis.

StevenistheCEOandFounderof

IWN™,whoimplementedaunique skillsetofcommunicationsin developingtheunreserved communities.Hisexpansiverangeof knowledgefromthewireless communicationworld,traditional wirelinetonetworkconstructionhas madehimtomakeuseofeveryday lifeandworkuponit.Eachtime,he haspositionedhimselftobeapartof theevolutionarychangesinapplied technologieswithin telecommunicationsandtoprovide superiorexpertisetotheenterprise levels,professionalsportsand entertainment.

Presently,Stevenisfocusingto changethegamebyplacingthe communicationspowerofaccessin thehandsofthe21stcentury communitiestomakethisworlda betterplacetolive.

If you just want to make a little money and enjoy top quality service and a kind financial freedom business opportunity selling; We have your back ‘ ‘ ‘ ‘
ADMIRED Tech Companies 2018 20 The Most
N
TM July 201838

IWN’sWi-FiWirelessCarrierModel

IWN™isatrueWi-Fiwirelesscarriermodel. Everythingitdoesistakenfromthemodeladoptedby thewaylikeallthecellularprovidersoperate.Itserves thepeoplewiththeirtimelearningtechniquesand uniqueapproach.

Itistheonlyruralcarriercompanythataddresses networkinfieldsonfarmswherethefoodisgrownand haspulledtogethertobecomethebestintheworldon theirownfieldtoprovideseamlessopportunitiestothe ruralcustomersoftheforgottenregion.

Mostoftheircustomershaveneverseenwhatanything morethanaDSLlineorasatelliteservicewilloffer. Oncethecustomerstrustthespeedsandreliability,then theycanpurchasenewdevicesforhomeandoffice. Alexa,Netflix,andPandoraradioaresome entertainmentupgradesoncameras,remotesensors, pumpandvalvecontrolsweatherstationsinthefield, watervalvesandmuchmoreonthefarm.

Nowadays,itisofferingLinden,CAandmovingtothe globalstageinCanadaandAfrica.Further,this incredibleopportunityhasalreadybornwiththeMLM P.O.D.owner,Agtech-MafiaSpaceBetweenWorld. IWN™emphasisisonprovidingasuperiorproductline

inwirelessnetworkinganddesignandtobuildanetwork withfolksintheirowncommunities.

FutureRoadmap

Since,IWN™ispartofaSECapprovedfundthatwill begoingtoIPO(Initialpublicoffering)soon.Itis planningtoexpanditsboundariesintonewcountiesand becometheworld’slargestcommunitybasedand partiallyownedinternetprovider.Itishavingletterof intentwithseveralcountiesandmunicipalitiesinorder togetmoreunservedregionswhicharecertainlyapart oftheirmission.

InAugust2018,NewswatchonAMCwillbelaunching theirnewIWN™infomercial.Thecompanyisvery excitedtosharetheircultureandopportunitytothe world-AnewwayofPlayingbusinessandlivinglife eachmoment.

Whenaskedaboutthefuture,GinaDavis,thePresident andCo-foundercommented, “We want to turn the power of business and innovation back around into the creator’s hands and have the investment community pay to get involved by using our state of the art and lowest cost organically structured campus. With this we plan to uncover new power options for our sites and customers as well as other things to use and sell in your IWN™/Space Between business.”

July 2018 39

Enriching Financial Data Protection with Blockchain

inTechisnotamerebuzzword

Fanymore.Ithasevolved, elevatedinmanywaysandhas turnedtobeamajordisruptionwith theunstoppableadvancementsof technology.

NewBankingwasestablishedin2015 withtheaimofprovidingauser identityplatformthatwillallow end-userstoverifytheiridentityeasily andsecurelywhilehavingcontroland ownershipofdataandidentityonline. Theservicesolvestheregulatory challengesfacedbythefinancial thinstitutions,especiallythe4 andnow th5 EuropeanAnti-MoneyLaundering (AML)directiveandtheGeneralData ProtectionRegulation(GDPR).

TheCharismaticLeader

ChristianVistiLarsen,the charismaticCEOofNewBanking,has morethan15yearsofexperiencein Banking,FinancialLegislation, FintechandPaymentSolutionssector. HewasthedynamicCFOandheadof strategyinCoinify,thebiggest EuropeanBlockchainpayment gatewaypriortoNewBanking.Heheld managementpositionsinDanske Bank,KPMGandwasoneofthefirst toobtainane-moneylicensefromthe DanishFinancialServicesAuthority.

Graduatedasafinancialauditorand withseveralyearsofworkingasan internalauditorwithinthelarge

financialinstitution,Christianhas craftedhisstrategieswithtingesof innovativeness,withthesheer understandingoftheregulatory framework.

“Dealing with financial regulation, consumer data protection and large “old” financial entities requires a significant talent for multiple stakeholder management” , Christian reflects.

“Finally”,headds,“keep looking at the financial services and engagement as it could be, not being blindfolded on what the sector think it should look like.”

ExceptionalWaysofService

AccordingtoChristian,letting customerstohavefulltransparencyon thedatastoredbythem,candefinitely playagame-changer.Justforthefact

thattransparencyisthekeyunique serviceforthisindustryinparticular, thewholeKYCembeddedaudittrail hasbeenprovedtobevaluable. SurpassingChallengesalongthe Way

Thefinancialindustryisfacing compliancechallengesthroughoutthe years.Increasedregulatory requirementsarecostlyanddon’t provideacompetitiveadvantage. Beingfastandflexibleisthefirstand foremostrequirementinanybusiness; theindustryhasbeenleftbehind becauseofitsslowerinternalprocess. Asthefinancialinstitutionsare speciallyexposedtoregulatory burdens,maintainingtheinnovative atmospherebecomesveryhard.

“The more complex the regulation, the more services like ours are needed. Increasing complex regulation is also

New technology requires a new way of thinking and requires a great deal of changes – both in the way consumers are approached, but also on how the technology is integrated ‘ ‘
‘ ‘ ADMIRED Tech Companies 2018 20 The Most July 201842

driven by the increase of digitalization – so if you on the forefront of digitalization it can create business opportunities both on the short and long term”,Christian reflectsonthestrategybehindcopingupwiththe challenges.

DigitizingFinancialScenariowithBlockchain

NewBankingusesBlockchain(privateblockchain)asan audittraildatabasesandsecurity.Asapartofthe internationalISOstandardizedworkforce,thecompany definitelyknowswherethepitfallswiththeBlockchainlies. Informationstoredonablockchainstillneedstocomply withotherregulation(bothnationalandinternational)like GDPR.

SolutionsandServices

ThecoreoftheNewBankingIdentitysolutionliesinthe regulatoryspaceandNewBankingisinclosedialogwith theregulatorsandinvolveddirectlyintheEuropean PSMEG(PaymentSystemsMarketExpertGroup)andthe Blockchainstandardizationwork(ISOTC307on BlockchainandDistributedLedgerTechnologies).

NewBankingIdentityisafullmodularAPIonboarding flow–thatallowsbanksandfinancialentitiestoofferan onlineonboardingprocesswhileatthesametimegivingthe customerthetransparencyandownershipofpersonaldata. Theplatformsupportstheonlinedatamanagementfrom

whenthefirstcontactismadeuntiltherighttobeforgotten isexecuted.

Benefitsderived

· CompliantwithcurrentandfutureKYCandAML legislation:Thecustomeridentityisverifiedtocurrent KYCstandardsandcustomerdataiskepton NewBanking’splatformforthedurationthatis thnecessaryforthe4 EuropeanAMLdirective.

· Fullyautomatedprocessforgettingcustomerdata: Newbankingusesanautomatedsystemtorequest, collectandverifypersonaldatadocuments,insteadof manualprocessing.

· Re-useidentityverificationsonanindustrylevel:By allowingend-userstore-usetheiridentityverification, Newbankingiseliminatingredundanttimeandeffort forthewholesector.

· Increasedregulatorycompliance:Thisfeatureallows greaterandmoreaccuratecompliancethroughan automatedblockchainaudit-trail.

· Efficientanduser-friendlyplatformforback-end identitymanagement:User-friendlyplatformforthe peopleandComplianceOfficersinchargeof customers’identitymanagementforFinancial Institutions.

· CompliantwithGDPR/“RighttobeForgotten”: Transparentandclearlystateduserconsentandahigh focusondataprivacyandsecurityinaccordancewith ththeGDPR,whichbecomeslegallybinding25 May 2018.

· Platformdesignedwiththehighestlevelofsecurity: Thesecurityarchitecturefollowsatieredapproach, withincreasinglyadvancedencryptionensuringthe highestlevelofsecuritypossible.

MessagefromtheDeskofCEO

“New technology requires a new way of thinking and requires a great deal of changes – both in the way consumers are approached, but also on how the technology is integrated. My best advice – If you’re not able to integrate the new service/technology within the existing system setup with 80-100% don’t do it! Let the newcomer handle as much as possible on their side – this will in the end provide the best result”—isthemessagefromChristian, theCEO.

Christian Visti Larsen CEO Morten Helles Co-founder
July 2018 43

Data Security Solutions that Build Quantum Resilience

hegrowthoftechnologyhas

Tincreasedtheexposureofdata securitybreaches,andmost largeorganizationsstrugglewith formingsolidsecuritystrategies.While doingtheirbesttokeeptheirsystems protected,theymustfacevarious challengestochangeanypartoftheir securityinfrastructureinthelongterm. Manycompaniesdeliverrapid deploymentofsolutionsforanalytics andriskmanagementthatseamlessly integratewithvariousprocessesand scaletosupportafirm’sgrowth. Onesuchorganizationleveraging industrystandardstoprovide top-notch,interoperableproductsfor dataprotectionisQuintessenceLabs PtyLtd,foundedin2008.The companytakesprideinprovidingdata securitysolutionsandassociated managementwithoutneedingcomplete rethinkingoftheenterprisesecurity system.

QuintessenceLabsthinksbeyond traditionalsecuritysystemnormsand isawareoftheneedtobe ‘quantum-safe’inallaspectsof cybersecurity.Thecompanyoffersa fullrangeofadvanceddataprotection andcybersecuritysolutions.These solutionsarecost-effective,easyto deploy,andenableorganizationsto protecttheirdatafornowandinthe future.Thecompanydeliversthe strongestdataprotection,throughits advancedkeyandpolicymanagement

solutionsinanybusinesssectorwhere cybersecurityisofgreatersignificance.

TheQuintessenceLabsteamis comprisedofexpertsinquantum physicsandsoftwaredevelopment. Thisteamhelpsindeliveringhighly capablesolutionsthatstrengthenan organization’sdataprotectionposture, whileintegratingseamlesslyinto existingarchitectures.Thecompany formsthefoundationallayerofdata protectionthatisafundamentalpartof anysecuritystrategy.

Thisyear,QuintessenceLabswas namedaTechPioneerbytheWorld EconomicForum,andwasspecifically selectedforsignificantcontributionsin thefieldofdataprotection.The company’sfocuson,again,being ‘quantum-safe’wasakeyreasonfor theaward--theWorldEconomic Forum’s2018RiskReportnotedthat cybersecurityrisksaregrowingtobe thethirdmostlikelyglobalriskbehind “NaturalDisasters”and“Extreme

WeatherEvents.”Thisproblemwill worsenintheyearsaheadasquantum computers,whichwillyieldsignificant benefitsinthefieldofmedicine, communicationsandbeyond,willalso threatenthefoundationoftoday’s cybersecuritymethods.

ThePillarofQuintessenceLabs VikramSharma,CEOat QuintessenceLabsrecognizedthe potentialofquantumcybersecurityand hadavisiontocommercializethe technology.Hisworkinthe DepartmentofPhysicsatAustralian NationalUniversitywiththeQuantum OpticsGroupandtheirworld-leading researchledtotheestablishmentof QuintessenceLabs.Today,hisconstant effortshavepositionedthecompanyat theforefrontofthecybersecurity sector.

UndertheexpertguidanceofVikram, thecompany’scapabilitieshavebeen recognizedatseveralAustralianand internationalevents.Mostrecently,the

Quantum cybersecurity can strengthen data protection today while preparing it for the threats of tomorrow
‘ ‘ ‘ ‘ ADMIRED Tech Companies 2018 20 The Most July 201844

companywasnamedaTechnologyPioneer2018bythe WorldEconomicForum,andlastyearitwasnamedoneof the Top 20 Businesses of Tomorrow byWestpac.Previously, itwas Global Runner-up fromapoolof2,500+companies inIBM’s SmartCamp competition andnamedas Australia’s Most Innovative Small Company bythe Australian Information Industry Association.Thecompanywas selectedbythe Security Innovation Network asoneofits SINET16 Cyber Security Innovators. Cybersecurity Ventures namedQuintessenceLabsinitslistofthe World’s Most Innovative Cybersecurity Companies

InnovationfortheFinancialIndustry WestpacGroup,Australia’soldestbank,isoneofthekey partnersandinvestorsofQuintessenceLabs.The partnershipnaturallyputsthecompanyontrackproviding thebestdataprotectionforfinancialorganizationsandmost ofthesensitiveindustries.Thisenablesthecompanyto deliversolutionsthatprotecthighlyconfidentialpersonal andfinancialdataatrest,inmotion,orinuse.Thecompany canthenpoweron-premiseprotectionandenhancethe securityofclouddata.

UniqueServicesBenefitingClients

TheGeneralDataProtectionRegulation(GDPR)affects severaltechindustries.WhileGDPRdoesnotmakeit mandatorytoencryptallpersonaldata,itisspecifically listedasagoodmethodtoensureadequateprotection. QuintessenceLabsdeliversthestrongestkeyandpolicy managementcapabilitytohelpmeetthesekindsofspecific datasecurityrequirements.

Thecompanysservicesandproductsintegrate’ quantum-generatedrandomnumbersforuseinencryption keysandaFIPS140-2Level3-conformantHardware SecurityModule(HSM),aswellasstringentpolicy controls.Theproductsaredesignedforthehigh-volume dataprocessingexpectedoflargefinancialorganizations.

Thecompany’sTrustedSecurityFoundationplatformcan combinekeymanagementwithacryptogateway.Thiscan, forexample,satisfytheneedsforabank’sinternal customers,regulators,andinternalsecuritystaff,ultimately reducingtheoperatingcosts.

Alongwithitsmessageof‘DataUncompromised’,the company’sCEOVikramstates “Our clients and partners can truly keep their data and records in motion or at rest with minimal concern”.

KeepinguptoSpeedwithTechnology

QuintessenceLabsknowstheimportanceofencryptionand completesecurityincrytocurrencyandthevarious blockchaintechnologies.Itbelievesthattheexistingand upcomingfinancialsectorsworkinginandaroundthe blockchainspacewillneedtotackletherisksposedby quantumcomputers,forexamplebyharnessingthe advantagesofquantum-poweredsecuritysolutions deliveredbythecompany.Inthefuture,wherethe blockchaintechnologiesareexpectedtobevulnerableto thethreatofquantumcomputers,QuintessenceLabs’ quantum-safecapabilitieswillhelporganizationsto improvetheirsecurityposture.

ManysectorsarewitnessingtheemergenceofAIand machinelearning.Thecompanyexpectsandwelcomesthis sortofdigitization,yetfocusesonstrengthening cybersecuritynowandintothefuture.

FeaturingtheFuture

Thecompany’scurrentproductofferingsareeasy-to-deploy andeasy-to-maintainsecuritysolutionsgivingorganizations thestrongestprotectionfromtoday’sthreatswhilebuilding quantumresilience.Inaddition,QuintessenceLabsisa leaderinthedevelopmentofQuantumKeyDistribution (QKD),whichwilldistributeencryptionkeysbetween partiessafefromthequantumcomputingattacks.Together thesecapabilitiescansecurethedataofthefinancial organizationstodayandprotectthemagainstfuturethreats.

July 2018 45

The Universality of IoT Technology

The Universality of IoT Technology

T hegratifying tool for companies to lead ahead -IoT Technology” TheInternetofthings (IoT)isarevolutionarychangeformanysectors likemanufacturing,agriculture,retail,electronic,energy andhealthcarewhichareprogressingtowardstheIoT phenomenontoconnectdigitally.Ithasplacedan opportunitytobuildunusualresultswhichincreasesa company’scompatibility.Enterprisesseekingdevelopment arefocusingontheuseofreal-timedatamanagementand IoTanalysis.Manyofthecompaniesareadoptingthis technologytoheightentheirpowerofconsumption. CompaniesaremainlyconcentratingonIoT applicationfrom“sensing”insteadof“doing”to growitscompetitiveadvantages.Thiselement empowersorganizationsbyallowingthemtotake theIoTadvantageandadoptamore‘innovative connectedapproach’.

InfrastructureManagement–Optimizationof Technology

Newapplicationsarenowenhancingtheirlevelof consumption.Likewise,manufacturingsectorisalso gettingengrossedandachievingexcellencethrough IoTTechniques.Applicationsareliableformonitoring

July 201846 TECH ZONE

andcontrollingoperationsforurbanandrural manufactureslikebridges,farms,andrailwaytracks.Itis thekeyfeaturesoftheapplicationswereIoTinfrastructure isalsousedformonitoringtheconstructionsafetyandrisk managementsystemandoperations.Thismajorfeature representsthemechanismofIoTapplicationwhichworks underinfrastructuremanagement.BenefitsofIoT Technologyarecostreducing,timereducing,betterin quality,andincreaseproductivity.Ithelpstomakefast decisionsandsavemoneywithreal-timeanalysis.IoT deviceshelptogiveprominentresultsbymonitoringand controllingoperationsusedinallinfrastructurerelated area.

ManufacturingTechniquesareGrowingwithIoT Technology

Inthemanufacturingsector,networkingandcontrolling havebeenusedwithIoTdevices.Itprovidesinformation aboutdataandoperationstability.Networkstatusandthe informationiscollectedinthesystembytrackingIoT device.Manufacturingcontrolprocessdeliverinformation aboutindustryapplicationandsmartmanufacturingdetails receivingformIoTdevice.IoTintelligentsystemenables sharinginformationaboutproductdemands,service management,supplychainnetworks,sensorsandcontrol systemstogether.Smallindustriescanalsobeintegrated withIoTtechnologythatenablesreal-timeoptimization, measurements,productioncompatibilityandsafety management.However,intelligentsystemsaredetermined asthesignificanttechniquethatimpliesuserexperience andsystemsecuritywhichultimatelysavescosts.

IoTTechnologybringsInnovativeFarmingMethods

TheAgriculturesectorisoneoftheindustrytoimplement IoTtechnologyforstabilityandbetterperformance.IoT technologyhasbecomeasignificantmethodoffarming.It alsooffersdurabilityandfunctionalitytothewhole process.Thecombinationofwirelesssensorswith agriculturalappsandcloudplatformsbenefitsingathering definiteinformationrelatingtoenvironmentalconditions like,rainfall,temperature,humidity,windspeedetc. Farmersaregettingcompetentresultsoutofit,andare abletofindreal-timeinformationeasily.Linkedwith farmland,itimprovesandautomatesfarmingtechniques likeweatherinformation,takingdecisiononqualityand quantity,andminimizesriskandwaste.WithIoTTech farmerscanfindoutdetailedinformationoffarmand similarlyknowwhichlandisfertileorwhichoneisdry andpredictfuturefields.

IoTTechnologyHelpstoOptimizeEnergy Consumption

IntegratedSensingandControlsystemhelpstooptimize energyconsumption.IoTdevicesareintegratedwith energyconsumptionsystemsinordertomaintainbalance betweenpowergenerationandenergyusage.IoTdevices offertheopportunitytoremotelygatherinformation.It enablesadvancefunctionslikeremotecontrollingand changinglightconditions.IoTTechnologyworkfor home-basedenergysystemwhichprovidepowerrelated information,energyconsumptionandenergyusageat homes.IoTdevicessetgoalstoimproveefficiency, reliabilityandsustainabilityoftheenergysystem.

MonitoringEnvironmentthroughIoTTechnology

Environmentmonitoringapplicationhasbeeninvolved withsensorstoassistinformationaboutenvironment changesbyidentifyingwaterquantity,atmosphere,air pressureetc.Italsohasfocusonmonitoringmovementsof wildlifeandtheirhabitats.Devicesconnectedtothe internetalsoprovidestatisticsaboutearthquakeor tsunami-earlywarningsystems,andalsousedasan emergencysystem.IoTdeviceapplicationisusedto collectgeographicinformationandmajorlyinstructive information.Thisdevicealsousesstandardizedapproach tobringwirelesssensingtechniqueandgatherfinest information.

IoTTechnologyHelpstoSustainBuildingandHome Automation

Withcertainty,IoTdevicesareusedtomonitorandcontrol themechanical,electricalandelectronicsystems.IoT devicesareusedinvarioustypesofhomeautomationand buildingautomationsystems.Controlandsensory applicationsofferunifiedinformation.Theintegrationof theinternetwithbuildingcreatesanenergymanagement systemwhichwillallowprominentenergyefficiency.

TherehavebeenmanywaysforIoTtechnologytoexpand compatibilityinthedigitalworld,anditwillbe implementedineachsectortoworkasanimportanttool, toenhanceitsaffinity.Afterall, the IoT network makes technology more unified and satisfying, with its tools and applications and IoT will be a step ahead towards numerous opportunities

July 2018 47

Visionary Cybersecurity Leader

ompaniesofalltypesandCsizes,incountriesaroundthe globe,arejumpingonthe digitizationbandwagon.Thisnew, increasinglyconnecteddigitalworld promisestodrivetremendous efficiencies,acceleratethepaceof businessandboostcompetitive standings.However,alongwiththese advantages,thedigitaleraisalso bringingmuchmorefrequentand aggressivecyberthreatsperpetrated byhighlydeterminedcriminals. Businessesurgentlyneedtofindan effective,fastwaytocombatthem. Whileavarietyofvendorshavebeen developingcybersecurityproducts, Seceonstandsoutforitsuniquely effectiveapproachandhighly affordablesolutions.

AdvancingCyberSecurity Seceonisdedicatedtoeliminating cyberrisksfacedbyenterprisesand small-to-mediumsizedbusinesses (SMBs).Inordertoensure “CybersecurityDoneRight,”the companydevelopeditsOpenThreat Management(OTM)Platformfrom scratch.Asaresult,OTMworks out-of-the-boxtoinstantlyprotect againstknownandunknownthreats.It providescomprehensivevisibility, proactivethreatdetection,automated eliminationandcontainmentofthreats inreal-time,allwhileminimizing costs,staffbandwidthconstraintsand performanceimpact.

Seceon not only detects cyber threats but we also automatically eliminate/contain the threats in real-time. This is critical to protecting corporate assets. ‘ ‘ ‘ ‘

Seceon’splatformusesAIwith actionableintelligence,machine learning,anddynamicthreatmodels withbehavioralanalytics.Thishelps enterprisesautomaticallygenerate prioritizedthreatalertsinreal-time, providingITteamswithboththe abilitytodetectandrespondtothe threatsbeforecriticaldatais exfiltrated.

Seceonofferstwoadvancedsolutions basedontheOTMPlatform: Seceon aiSIEM™: Thisservicegoes beyondSIEM,eliminatingtheneed foraddingmultiplesilos.Itingests rawstreamingdatafromapplications, identitysystem,flowsandrawtraffic fromnetworktoprovide comprehensivevisibility,proactive threatdetection,automatedthreat containmentandelimination,and continuouscompliance,policy management,andreporting.Machine learninghandleslargedatavolumesin

conjunctionwithcontemporarybig dataframeworksefficiently.AnAI algorithmbolsterscybersecurityby generatingmeaningfulalertsand producingactionableintelligencefor threatcontainmentandeliminationin real-time.

Seceon aiMSSP™:Thisservice enablesManagedSecurityService Providers(MSSPs)toofferoutsourced securityservices,including24x7 securitymonitoring,threat intelligence,detectionand remediationinreal-time,atnominal andpredictablelinearcosts.The aiMSSPconsistsofaiSIEM, SOC-in-a-Box and aiMDR capabilities thatallowMSSPstoexpandtheir serviceofferingswhilebringing advancedthreatdetectionand mitigationcapabilitiestoSMBs.

ADMIRED Tech Companies 2018 20 The Most
PassionateCybersecurityPioneer ChandraPandey,theFounderand
July 201850

CEOofSeceon,isrenownedfordevelopinginnovative cybersecuritysolutionsandholdsmultiplepatentsin security,networking,andcomputing.Apassionateleader, hebuiltSeceonintoacompanythatfostersinnovationby empoweringallteammemberswithdecision-making abilities,encouragingopenandrespectful communications,andbuildingacultureofcontinuous improvement.

Knowingthateventhebestproductswon’tbeadoptedif businessescan’taffordthem,Chandragalvanizedthe Seceonteamtodevelopadvancedcybersecuritysolutions thatwouldbebothaffordableforSMBsandefficientfor thelargestenterprises.

Chandraandhisteamofexpertsincybersecurity, machinelearning,artificialintelligence(AI),fast/bigdata streaminganddynamicthreatmodelling,leftnostone unturned.Alloftheirdiligencepaidoffwhenthecompany developedSeceon’saward-winningOTM,the comprehensive cybersecurity platform for the digital era. Chandracontinuestoworkcloselywithcustomersto defineandaddresstheirproblems,implications,and solutionsfordefendingcorporateassetsintoday’s highly-connectedenterprise.

Complete,AutomaticThreatProtection Seceon’suniquecultureandcommitmenttodeveloping solutionsthatsolvethedigitalera’scriticalcybersecurity challenges,havehelpedestablishSeceonasanindustry

leader.Theyhavealsoledtounmatchedsatisfactionby SeceonOTMcustomersaroundtheworld.Theindustry’s firstfully-automatedplatform, Seceon OTM offers proactivethreatdetection,containmentandeliminationfor allthreatscategories,includingmalware,ransomware, spyware,botnet,compromisedcredentials,insiderthreats, denialofservicesforapplications&protocols, vulnerabilityexploitsforweb/emails/OSapplications,data breachesandexfiltration,ITmistakes,IPS,IDSand NetworkBehaviours.

Customersbenefitfrom:

· Comprehensive Visibility

TheOTMPlatformingestsallrawstreamingdata (Logs,Packets,Flows,Identities)andprovides real-timeextensiveviewofallassets(users,hosts, servers,applications,dataaccessandmovement, traffic)thatareonpremise,cloudorhybridandtheir interactions.

· Reduce Mean-Time-To-Identify (MTTI) with Proactive Threat Detection

Theplatformproactivelydetectsthreatsandsurfaces threatsinreal-timeornearreal-timewithoutanagent oralertfatigue.

· Reduce Mean-Time-To-Resolve (MTTR) with Automatic Threat Remediation

TheOTMPlatformperformsautomaticthreat containmentandeliminationinreal-time.Italso providesclearactionablestepstoeliminatethethreats thatcaneitherbetakenautomaticallybythesystemor manuallybythesecurityexpertpost-analysis.

· Continuous Compliance, Policy Management and Risk Monitoring

Theplatformprovidescontinuouscomplianceand scheduledoron-demandreportingforHIPAA,GDPR, PCI-DSS,NIST,FINRAandmanyothersimilar regulations.

ChartingtheFuture

Advancementsintechnologyhavecreatedanincreasingly connectedworld,whichhasbroughtariseincyberthreats fororganizationsofallsizes.Seceonwillcontinuetobe laser-focusedoneliminatingthesethreatsbyadding innovationstoitsaiSIEMandaiMSSP“Comprehensive CybersecurityforDigital-Era”solutions.Itwillexpandits listoftop-tierpartnersasittargetsandwinscustomers aroundtheglobe.

Chandra Pandey Founder & CEO
July 2018 51

The Marketplace for FinTechs Breaking the Mould

intechhascontinuedtobeoneof

Fthedominantfocusareasfor innovationgloballyin2018and haswellandtrulyestablisheditselfasthe fastestgrowingsectorinthefinancial servicesindustryworldwide.Asbold newsolutionsspringupfromstartups, theindustryhasseenamassiveshiftin shakingupthewaytraditionalfinancial servicesoperateforever.

In2015,Stone&Chalkwasbornto supportthegrowthofthehighestquality fintechstartupsacrossAustralia.Itnow hastwomaininnovationhubsinSydney andMelbourne.Today,Stone&Chalkis hometoAustralasia’sleading independentfintechhubforstartups, scaleups,industryassociationsand investors.ThroughStone&Chalk’s acceleratedcommercialisationprograms itworkstoconnecthighpotentialfintech startupsandscaleupswithcorporate partnersascustomers,aswellaswith investors,mentors,andcustomers.

AlexScandurra,CEOofStone& Chalk,says:“We act as a tribe leader for our resident and alumni startups and scaleups to government and regulators; we partner with industry associations such as Fintech Australia, the Insurtech and Regtech Associations and represent our residents at industry summits, driving the fintech agenda on behalf of our community.”

Thisnot-for-profithousesmorethan110 impressivefintechstartupswithover650 residentsintotal.Inashortperiodof time,Stone&Chalk’sresidentshave roseovera$255millionandcreatedover 600directjobstofurtherfuelthefintech industry.

Moreover,morethan140startupshave benefittedfromStone&Chalkby successfullygraduatingincluding15 exportingoverseasandcloseto50% alreadysecuringvariousformsof commercialdealswithStone&Chalk’s corporatepartners.Overall,Stone& Chalkislinkedupwithmorethan27 Australianandinternationalcorporate partners,whicharecoachedtobe start-upready,throughstrategic programs,executiveandboard education,workshopsallfoundedonthe commonthreadofmutualcollaboration.

Stone&Chalkisnotjustaco-working space,asitoffersmuchmorebeingan innovativemarketplaceforfintech.Stone &Chalkdeliverstailoredmentor programs,hascuratedaninvestor communityandregularlyrunsskills studiosforitsfounders.Stone&Chalk alsoputsonregularmasterclassesby renownedexpertsonkeytopicsforthe benefitofthebroadercommunity.Their collaborativenationalcommunity encouragesandfosterscreativity, focusingonwaystoshapeamore sustainableeconomyforthefutureof Australia.Leadingwiththeirunique CommunityCharter,Stone&Chalkhas succeededinbuildingawiderculture amongstallitsstakeholdersbasedon ‘givingfirst’aprinciplewhichitsCEO AlexScandurraestablishedbefore operationshadevencommenced.

ACEOwithapowerfulvision AlexScandurra,formerCaptain (SquadronCommander)intheAustralian Army,hasmadeamonumental contributiontofintechbyleadingthe wayinhelpingtobringtogetherand buildouttheAustralianfintech ecosystem.In2015,Alexwas headhuntedtobetheCEOofStone& Chalkandhassincepavedthewayby helpingstartupstocommercialiseand scalethroughcollaboration.

Morerecently,Alexrealisedhisvision forFintechtobecomeanational capabilitywiththelaunchofStone& ChalkMelbournetocreateamega-hub connectingSydneyandMelbourne, unitingfintechacrosstheAustralian Easternseaboard.Currently,Alexisalso anAdvisoryBoardMemberoftheNSW DepartmentofFinanceaswellasthe Co-Founder&DirectorofSparkFestival –a2-weekprogramofeventsand activitiescoveringstartups,innovation andentrepreneurship.

He’salsoaFoundingMemberofASIC DigitalAdvisoryCommittee,wasa FoundingDirectorofFinTechAustralia andwasappointedlastyeartotheboard ofchildren’scharityRedkite.Priorto returningtoAustralia,AlexwasHeadof StrategicPartnershipsatBarclay’sinthe UKwherehelaunchedBarclay’sRISE aswellastheglobalpartnershipbetween BarclaysandTechstars.

We foster and accelerate the development of world-leading Fintech startups and act as a centre of gravity for the local fintech ecosystem
‘ ‘ ‘ ‘ ADMIRED Tech Companies 2018 20 The Most
July 201852

Stone&Chalkoffersaseriesofinnovativeprogramsto acceleratecommercialisationandtheexportofleadingfintech capabilities.Servicesinclude:

SkillsStudios:presentingthebestsubjectmatterexpertsto· supportstartupsacrossallareasofthebusinessfromlegal advice,grants,accounting,andfinancemattersaswellas preparingstartupstobecomecorporateandinvestorready Facilitatesone-to-onemeetings:betweenstartupsand· corporatepartnerstohelpstartupFounderswiththeirvalue propositionsandovercomeanypotentialhurdles SupportingservicesforstartupFounders:throughFounders· Circle,BrainHackprogramswhichaidinsolvingbusiness problemsandmaintaininggoodmentalhealth WomeninFintechprogram:providesopportunitiesfor· femaleFounderstoflourishinfintechthroughavarietyof events,designsessions,meet-ups,andfiresidechats.Italso deliversscholarshipstoencouragemorewomento participateinthefintechecosystem.

FinternFever:givingUniversitystudentstheopportunityto· internwithastartup.

AcceleratedCommercialisationPrograms:whichuniquely· bringscaleupstogetherwithlargeorganisationstosolve realbusinessproblemswhichsimultaneouslygenerate significantstepchangecapabilityinternallyforcorporates aswellasproducingmaterialcommercialoutcomesfor scaleups.

Overall,Stone&ChalkhastransformedfintechinAustraliaby playingamajorroleinfocusingontalenttofurtherdevelop thebroaderecosystem.

TogetherwithNSWGovernmentandJobsforNSW,Stone& ChalkhashelpedcreatetheSydneyStartupHubandbecome oneofitscornerstonetenants.AndinVictoriaStone&Chalk

haspartneredcloselywiththeDepartmentofEconomic DevelopmentandLanuchVictocreatetheVictorianInnovation CentrewhereStone&Chalkislocated.

AnotherareaofadvocacythatStone&Chalksupportsis refugees.Thisisthroughitsspeed-datingeventwhichattracts morethan50refugeespitchingtopotentialemployeesduring SparkFestival.Lastyear,morethan20talentedrefugeeswere abletosecureemploymentthroughthisinitiative.

Eachyear,Stone&Chalkoverseesover500fintechevents, whicharecomplimentarytoresidentsaspartoftheirexclusive accesstotheseservices.Theseeventsaredesignedtohelp residentstoroundouttheirskills,especiallyconcerning business,inordertolearnhowtorapidlyscaleandeventually graduateasAlumni.

TheHumbleRoadtoSuccess

ThemanyprogramsthatcomeoutofStone&Chalkhave carvedoutanicheforitscorporatepartnersandstartup ecosysteminbringinginnovationfromtheoutside-in.This processhasresultedinseveralsolutionstorealbusiness problems.

Inthepast6months,Stone&Chalkhasrunanumberof successfulprogramssuchastheDXCSpringBoardand Insurtech.ThewinnersofDXCweresubsequentlyinvitedto globallypartnerwithDXC’scustomerbase.Alternatively,the Insurtechprogramsawstartupsprogressfrombootcampand acceleratorwithcommercialagreementscurrentlybeing finalised.

Truecollaborationhasallowedthecompanytogrowand accommodatebothstartupandcorporate,tolearnfromeach otherandforgemutually-beneficialpartnerships.

Somesuccessesof2018:

· DataRepublicannouncedapartnershipwithANZto deliveradatasharingcontrolcentre

· MoneyCatchalinkedupwithHSBCtohelpspeedupthe processofhome-loanapprovalsandmakeriskmonitoring moreefficient

· MoneyPlacewaspurchasedbymarketplacelenders, Liberty,offeringthemgreaterfundingflexibility

· FlamingoAIparternedwithCreditUnionAustralia(CUA) torunaninsurancechatbotpilot

LookingtotheFuture

Stone&Chalkworkstoprovidegreatsupportforfintech startupswiththemainpurposeofdrivingabetterfuture forwardbyhelpingstartupstosucceed,thus,helpingexisting financialframeworkstobemodernisedforthefuture.

ExclusiveServicesforFinTechStartups
July 2018 53

Internet of Things

About The Author

Dhruvil Sanghvi, CEO and Co-founder of LogiNext, youngest tech business head in Forbes India 30 under 30 (2017), started his journey post Carnegie Mellon University and effectively led LogiNext, the fastest growing logistics and eld workforce optimization SaaS enterprise, to the glory.

Doesanyonerememberatimebeforethe Internet?Mostofushaveseenit,butit’shard torecreateitinourmind.Itonlyexistsin longtaleswhichwetelltheyoung,talesofyesteryears wherelifewasn’toccupiedbytechnology.Butwelove technology.AndthenextevolutionoftheInternet wouldmakethecurrenttimebecomeanother yesteryeartale.WhatisthisnextInternetevolution? It’stheInternetofThings.

WeknowthatInternetiswhereweaccessrelevantand non-relevantinformation;connectwithfriends,peers, companies,andcustomers;andutilizetoconductour dailybusinessandactivities.So,whatistheInternetof ThingsorIoT?IoTiswhenthedeviceswhichweuse toconnectandinteractwithInternettalktoeachother. ‘Talk’isexchangedataamongthedeviceswithaview tofacilitatingbettersolutionsandfasterprocesses.

is present in every Product we use. How has IOT changed the lives of humans?
Dhruvil Sanghvi CEO & Co-founder
July 201856 INTERNET OF INTERNET

Now,yoursmartphonecanconnectto yourtelevisionandlaptopevenwhen theyaren’tinthesameroom.Youcan syncallyoursystemssothatany changedoneatoneplacewouldreflect everywhereelse.

“Whereto?”Self-drivingcars aroundthecorner!

ThetrueessenceofIoTcomesout whenitiscoupledwithmachine learning.Fastforwardintoaworldof automationwhereself-drivencars aren’tfiction.Thesysteminyourcar operatestheengine,thesensorsaround thevehicle,thebreaking,and everythingelse.Itconnectstothe cloud,observingthetrafficand weatherpatternsalongtherouteyou areabouttotake.Itautoadjuststothe passingvehicles,allthewhileensuring thesafetyofitspassengers.’

Therehavebeensomeissueswiththis asacoupleofcrashesbeingreported. Thistechcan’tbeforcedlivedueto marketpressuresasthecostof mistakesistoohigh.Onceautonomous carsdohittheroads,theywouldhave tobeperfect.Butthisisn’tmorethana coupleofyearsaway.Fornow,let’s lookatsomethingthatisalready runningandshowinggreatresults.

‘Howdowegetthere?’Perfectroute optimizationishere!

Weareusedtohavingthebest productsandfastestservices.Tomake thishappen,peopleandgoodsmustbe constantonthemovesomewhereor theother.Beitfromthemanufacturers towarehousesordistributors, distributorstoretailers,ordirectlyto thecustomer’sdoor,therearealotof assetsconstantlymoving.’

Howisthislogisticsmovement managed,tracked,anddirected?

Technology,likethatofLogiNext, tracksvehiclesthroughGPSrightfrom thetimetheyareloadedtothepoint theyfinishtheirreplenishmentduties. Deliverypersonnelandfieldagents suchastechnicians,supervisors,sales folks,etc.aretrackedusingtheir smartphones.Theagentsuseourappto streamlinetheirdailyactivitiesand syncliveinformationgathered on-groundwiththeircompany’scentral system.

Thistechisnotjusttheneedofthe hour;it’swhatkeepingthe ever-expandingneedforcost-friendly logisticsmanagementincheck. Spiralinglogisticscostsarisingfrom increasedvolumemovementwitha growingdriverstorage.Eventhetrend ofsameday/nextdaydeliveriesmeans thatsomevehiclesareleft underutilized.

Sensorsandtrackers,backedbyabase machinelearningbasedsystem,can nowhelpmanagersoptimizethe capacitiesoftheirvehicles,assignthe rightloadtotherightdriver/delivery associate,andeventuallysetthebest routedevoidoftrafficandother bottleneckstoensureon-time deliveries.

Deliveryrouteplanningand optimization,hence,isnotjustcutting downcosts,butalsoincentivizing marketevolution.Companieslike AmazonandWalmartcanensurebetter customerservicewithtimelydeliveries andend-to-endordertracking.This helpscreatevalueforthecustomer,the company,andtheeconomy.

“What’sinthebox?”Automated warehousingstreamlinesit!

Withthedevelopmentofmachine learningbackedlogisticsoptimization, companiesareinvestinginlarge

distributioncentersorwarehouses. Somehigh-valuecompanieshave alreadypartautomatedtheoperations inthesecenters.Asmentionedearlier, thesheerincreaseinthevolumeof goodsmovednowadaysmeansthatthe leadtimeevenatwarehousesmustbe shortenedtotheminimum.

Iftheordermustreachacustomerina day,itcan’treallyspendabouthalfof thatatthecenteritself.Theentire sortingandallocationsystemis automated.Somecompanieshaveeven robotizedsomemundanefunctions withinthewarehouses.

“DoasISay”VoiceControlled LogisticsMovement

Wearewellawareofthelatestin virtualassistantssuchasAlexa,Siri, GoogleHome,etc.It’sahandywayto automateactivitiesaroundyourself. YoucanjustaskAlexatobookacab whileplayingyourfavoritesongs. Googlerecentlydemonstratedproper AIcapablebotswhichcouldevenhave impromptuconversationsandbook appointments.Theobviousextension ofthiscamewithvoice-controlled logisticsmanagement.Usingthesame easeofhouseholddirections,managers canautomatetheplanningofdelivery routes,dispatchshipments,tracking vehicles,etc.usingjusttheirvoice. Theycantalktothesystemanddoall ofthesethings.

Theideaissimple.IoTisgoingdeeper anddeeperintoourlives,notjusthow wehandleourphones,butalsohowwe handleourbusinesses.Aboveall,we mustrememberthatit’sonlyatool.It’s howweuseitthatwoulddefineour future.

July 2018 57

nthiseraofdigitaladvancement,Idigitalmarketingisthemost commonandeffectivewayof marketingbyfar.Everycompanyis strivingtohaveanedgeovertheir competitorsbyutilizingvariousdigital marketingstrategies.

Withavisiontocreateimpactful digitalexperiencesforthesestartups andentrepreneurs,WebsitesDepot wasfoundedinVanNuysintheyear 2010.Duringtheinitialyears,the companyfocusedmainlyonWeb DesignandWebDevelopment. However,theteamalsokeptworking onDigitalMarketingSolutionslike SEO,AdWordsManagement,Branding andReputationManagement.During alltheseyears,thecompanyalso incorporatedResponsiveWebDesign andE-commerceWebDesignservices. WebsitesDepotisalsoacertified Googlepartnersince2012.

TheArdentLeader

OriginallyfromSlovenia,DannyStar, theFounderandCEOofWebsites Depot,movedtotheUSAafter graduatingfromcollege.Heobtaineda BachelorofBusinessAdministration fromtheUniversityofArizona.Witha vastexperienceinMarketing-related positions,Dannystartedhisown entrepreneurship,WebsitesDepot,in 2010.Hehasbuiltsolidrelationships withhundredsofmarketersofalltypes intheLosAngelesAreaandisknown

forhispassionandcompromisewhen itcomestoDigitalMarketingServices, TechnologyandDesign.

Dannyisahappyhusbandandfather oftwokids.HeresidesinSilverLake, nearbytheofficesofthecompany. He’sasocceraficionadoandplays regularmatcheswithsomeofhisteam members.Dannyisinaconstant searchofevolutionandknowledgein thisindustry,andwishestoapplythose valuesineveryprojecthe’sinvolved with.

ExclusiveOfferings

WebsitesDepotoffersavariedrangeof servicesincludingSEO,Adwords Management,SocialMediaMarketing, BrandingandOnlineReputation Management.Thecompanyalso derivesexpertiseindifferenttypesof WebDesigninglikeResponsiveWeb Design,CMSWebDesign, E-CommerceWebDesignandWeb Development.

“It’s a good mix of web design, web maintenance, graphic designs, ad writing, ad management, press releases, and of course our expertise in search engines.”,Dannysaidinan interviewwithVoyageLAwhile reflectingontheservicesofthe company.

SmartBusinessStrategies

WebsitesDepotworkstowardsthree maingoals:

To kick-start marketing campaigns: Thecompanydoesanoverallanalysis oftheclientcompanyandoffersa customizedmarketingstrategy enablingthemtooutshinetheir competitors.

Creation of awareness: Anothergoal ofthecompanyistocreateawareness byusingalltheonlineavenues availabletousincludingsocialmedia andemailmarketing.

The
Widely-Acclaimed Designing Platform We’re a full-service web agency that comes up with the right mix of small solutions that fit the bigger picture for many businesses
‘ ‘ ‘ ‘ ADMIRED Tech Companies 2018 20 The Most July 201858

Increase sales and profits:Themainpurposeofmarketing istoincreasecustomerbaseandprofits.

Afterathoroughstudyoftheclientcompany,the innovativeteamatWebsitesDepotdevelopscustomized strategiestohelpthebusinessachievingitsdigital advertisinggoals.SocialMedia,SEO,PPCmanagement, andoptimizationaresomeofthemosteffectivestrategies thatareimplementedbyWebsitesDepot.

UniqueStrategyforEmployeeEncouragement

Never-endingquestforlearningisfundamentaltoremain competitive,especiallyinthisripeageoftechnological advancementanddigitalglory.TheemployeesofWebsite Depotarealwaysbeingencouragedtogobeyondtheirdaily tasksandeducatethemselvesbyreadingbooks,taking coursesandreadingmagazinesandportalsrelatedtothe industry.

ViewsonHarnessingDisruption

“Digital disruptions are inevitable. They find a way into Marketing and it is a positive thing to adapt to them and start learning their behaviour since the very beginning,” Dannysaysreflectingonthenewagetechnology, “especially if we understand that 84% of marketing organizations are using AI and machine learning today, and that 3 out of 4 organizations using them have increased their sales in more than a 10%.”

ThemainopportunitythatmachinelearningandAIbringto marketingistheimprovementofcustomerexperienceand support.However,MarketingessentialslikeSearchEngine Optimizationarealsobeingaffectedbytheuseofsmart deviceslikeAlexaandSiri.Thewaypeopledoqueriesis notthesameastheydowhentyping,sothechoiceof keywordsandphrasesmutatestofitthisnewtypeof queries.

BenefitsforClients

MostoftheclientshighlightthefactthatWebsitesDepot givesthemexactlywhattheywerelookingforandeven more.Thisistheresultofcombiningknowledge,a personalizedserviceandgoingtheextramiletoalways givemore.Theteamtakestimetositdownwiththeir clients,understandwhattheyneed,makesuggestionsand studytheiraudiencesandmarketcarefully.

“Communication is essential and it doesn’t cease to be less amazing how many clients come to us complaining about the lack of communication between them and their previous marketing agencies”,theCEOsaysinabrighttone.

Accomplishments

WebsitesDepothasreceivedplentifulofawardsand recognitionasatopagencyinLAinrecentyears.In2016, itwaslistedinthetop10responsivedesignfirmsbyTop DesignFirms,andalsonamedas“TheBestatBoosting YourBusiness”bytheSilverLakeChamberofCommerce. In2015,itwaslistedastheNo.5BestDesignAgencyby TopDesignFirms.

FutureProspects

Thecompanyisplanningtolaunchanewwebsitein2018. Thiswholeupdatefortheonlineplatformisajointeffortof theDevelopment&DesignTeam,SEO,SalesTeam,and theCEO.They’veinvestedseveralmonthsinbrainstorming andimplementingmanyideasincoding,contentanddesign togenerateaplatformthatwillrepresentWebsitesDepotin 2018andtheyearstocome.

Apartfromthat,theinnovativeteamofWebsitesDepotis workingtowardsimplementinganewplatformwith crystal-clearinformationandrealmetricswheretheclients canleavetheirfeedbackandgetreal-timeresponses.

Danny Star CEO and Founder
July 2018 59
The IMPRESSIVE Impact of ORGANIC Networking July 201860 HI-TECH NEXUS

Themainreasonfortheinventionofwebsite,Internetandtechnologydevicesthatprovidestheplatformfor

softwaretorunandconnectwitheachotherismainlytomakenetworkingofservices,productsandpeople possible.TechnologyleaderssuchasCisco,AristaandApplearededicatingtheirresourcestoprovidevarious businessenterprisesandthemassestheabilitytocommunicatetheirvaluesthroughtechnologymediumscalledas Networking.

Theworksandprovisionsoftheseorganizationsareveryoutstanding,andarebelievedtolastforages.Thisisbecause thegrowthoftechnologyisnotgoingoutofstylesosoon,butratheritisbelievedtocontinueintothefuture.

Technologynetworkingstrategiesisgood,buttomakeitmoreeffectivethereistheincessantneedtoincorporate organicstrategies.

YoumaybeaskingwhatImeanbyOrganicNetworkingorStrategies.Theorganizationthatwillsurviveinthemarket inthenearfuture,consideringtheincreasingrateofcompetitionaretheoneswhotakethenecessarysteps,todevelop morehumanconnectionfortheirbusiness,morethantheydoformachinessuchasprovidedbyAI.

TheFactorstoConsiderforanEffectiveOrganicNetworking:

Evenasourageisencouragingmoreoftechnologystrategies,ifwemustsurvivethefutureofitall,thenwemust connectmorepeople,thanwedoformachines.Asaninnovativenetworkingsolutionprovider,itisgoingtopaymore, whenyouincludehumanintelligenceandphysicalityinyournetworkingstrategiesovermachines.

July 2018 61

Imagineadaythatthemachinesaregoingtohavea seriousbreakdown,andtheownerorganizationdonot havethecapablepersonstofigureoutthecauseofthe breakdownandpossiblyprovideafeasiblesolution?

Whatwillbethefateoftheorganization?Thismeans that,therewillbeagreatlossofvalueandpossiblya strikeofftheindustry.Iknowyouwouldneverwant thattohappen.So,planfromnow,toneverpayforthe lossinthefuture.

BalanceYourPeopletomachineDeployment:

SocialMediasarefornetworking,Newspapersand variousMediasarealsofornetworking,butthereare peoplebehindthearcofthisinnovation.Themoreyou incorporateAIandmachinelearningstrategies,always remembertheneedforControlEngineersandthoseare humanbeings.Themostsuccessfulorganizations identifythemajorimportanceofpeoplenetworkingand howbesttoutilizehumanintelligenceintheirbusiness quest.

Forexample;ifyouwriteanarticleandshareitona website,whodoyouexpecttoreadyourarticle;human beingsormachines?Itisobviousthattheorganic networkingaspectofcomputingwillnevergooutof style;else,therewillbeadayinthefuturethatdigital connectionandvalueswillbemeasuredonthenumber ofbotsthatreadyourarticlesand/orthatpaidforyour services.So,remembertobalancetherateofyour peopletomachinedeployment,byacknowledgingthe needofhumannetworkingovertechnologynetworking.

TheNeedforOrganicSenseinNetworkingandthe Future:

Technologyisthemiracleofourage,Artificial Intelligenceisamajormoldingfactorofthis development,IoTistheliberatorfrommachineisolation byprovidingtheplatformtointerconnectmillionsof themoverthevirtualplatforms,buthumansmakethese thingspossible.

Networkingisaninnovativeconceptwithhighprofile technologyterms.Ifonedoesnotimploredeepinterest andconcentrationwhileexploringthisrealm,theremay beaseriousdistortionoforiginalmotiveofindulgence, andthiscanleadtoseriousbreakdownofenterprise infrastructure.Sometimes,itmaybedirectandother times,itwillbeindirect,butinall,itwillalwayshave animpact.Thefutureoftechnologyisverybright,and thatismainlydependentonhowavailablewemakethe resourcestohelpmanagewhatwehavetodayinthe nearfuture.Forthistobepossible,thenetworking solutionprovidersmustincorporatemoreoforganic senseintheirsolutionsandindustryadvancements.

Technologywilladvance,moremachineswillbe connected,deviceswillbeprogrammedtorun independently,butinallthesethings,thehumansinthe networkwillstillruletheuniverse.Themoreorganic youmakeyournetworkingstrategies,thelesserthefear ofadisastrousfutureforyourorganization.

July 201862

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