Day: December 5, 2023

The company’s newest product introduction will transform the future of data-driven excellence for the insurance industry

BOSTON, Dec. 05, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, announces the release of Duck Creek Clarity^TM, an innovative, cloud-native technology solution and the successor to Duck Creek Insights, designed to empower insurers with advanced data management, reporting, and analytics capabilities. With the introduction of Duck Creek Clarity, the company also modernizes the traditional technology upgrade cycle through a unique “Active Delivery” approach, which provides continuous updates and eliminates the need for insurers to undergo timely and costly upgrade projects.

Duck Creek Clarity is a cloud-native offering that simplifies the process of accessing, managing, and unifying data originating from Duck Creek’s SaaS-based (software-as-a-service) core systems, including policy, billing, and claims solutions. With the ability to seamlessly integrate external data sources, Duck Creek Clarity enables teams to gain comprehensive insights, leading to enhanced decision-making and improved loss ratios. Insurers can harness this powerful service for both daily operational reporting and strategic long-term planning, setting the stage for portfolio-wide improvements.

Duck Creek Clarity leverages the Snowflake Data Cloud to equip insurers with curated data layers and a suite of pre-built business intelligence dashboards and reports, facilitating more informed underwriting and renewal decisions, as well as team performance evaluation. This new offering also simplifies data integration into AI/ML (artificial intelligence/machine learning) models, consumer and agent/broker applications, and third-party systems, empowering insurers to make well-informed decisions at every stage of the insurance lifecycle, from underwriting to billing and claims.

“We are ushering in a new era of data-driven excellence with the launch of Duck Creek Clarity,” said Jess Keeney, Chief Product & Technology Officer, Duck Creek Technologies. “Duck Creek has proven the solution’s robust capabilities are an essential element that supports data ownership and agile decision-making, which offers insurers a greater competitive edge in the marketplace. This is only the beginning of Duck Creek’s commitment to ongoing investment in data and analytics that enable insurers across the globe to be smarter and faster in their response to market opportunities. Duck Creek Clarity is a pivotal step in our technology roadmap vision to provide insurers with the means to ‘execute with intelligence,’ optimize operational efficiencies, and provide more personalized customer experiences.”

“Data is a critical building block for insurance companies looking to unlock the true power and efficacy of advanced analytics and generative AI,” said Tom Benton, Partner at ReSource Pro (formerly known as Strategy Meets Action). “Insurers need data management and analytics tools like Duck Creek Clarity that can break down data silos and provide a path toward rapidly accelerating their level of data maturity, and ultimately help insurance product management, underwriting, and claims teams make smarter decisions and deliver more differentiated customer experiences.”

Join the Duck Creek Technologies live product launch webinar on Thursday, December 7, 2023, at 12:00 p.m. ET to learn more about empowering data-driven insurance decisions with Duck Creek Clarity.

About Duck Creek Technologies

Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and Twitter.

Media Contacts:

Carley Bunch
carley.bunch@duckcreek.com

GlobeNewswire Distribution ID 8989593

New SPV introduces innovative way to provide funding to environmental commodities markets

Amsterdam, Dec. 05, 2023 (GLOBE NEWSWIRE) — AMSTERDAM (December 5, 2023) – STX Group, a leading environmental markets and climate solutions firm, today announces the launch of a working capital solution, specifically designed for environmental certificates. The launch comes as a response to the increased requirements for companies to hold environmental certificates to meet their ESG targets. Traditional financing methods often fall short in providing the necessary funding. STX Group has established an independent Special Purpose Vehicle (SPV) offering companies the necessary working capital funding for their environmental certificates.

The new service provides STX Group’s customers and counterparties with financial flexibility to manage the energy transition.

The newly launched SPV solution differs from traditional financing through the wide range of liquid and less liquid certificates that can be financed as well as offering higher advance rates. The SPV takes temporary ownership of the environmental commodities which may allow for balance sheet friendly treatment of the financing. The SPV is an attractive platform for lenders to gain access to one of the fastest growing parts of the credit universe. Through its extensive client base, STX Group has unrivaled access to counterparties looking to finance their environmental certificate holdings. This allows lenders to add collateralized credit exposure to highly rated counterparties to their portfolio.

The introduction of the SPV follows a sequence of new financial solutions and services introduced by STX Group earlier this year, placing the company at the forefront of incumbent financial markets where environmental commodities play an emerging role. This momentum is underscored by recent additions to STX Group’s portfolio, including the April 2023 launch of the borrowing base facility where a broad base of environmental commodities was for the first time recognizes as collateral by global banks, and the unveiling of the STX Group carbon fund in October 2023. Both demonstrate the growing importance of environmental commodities as pivotal financial instruments.

“The launch of this new solution provides immense opportunities for our customers and counterparties as they increase their activities in environmental commodities markets. We are delighted to work with them by providing them with more efficient and secure market access,” said Bart Wesselink, Chief Financial and Risk Officer of STX Group.

The SPV is independently managed by Vistra, one of the leading fund administrator and corporate service providers. Vistra is regulated by Dutch Central Bank DNB.

About STX Group

STX Group is a leading global environmental commodity trader and climate solutions provider. For over 15 years, the company has been at the forefront of the global transition towards a low-carbon economy. By leveraging its expertise in accurately pricing pollution and emissions, it has helped to cultivate trust in market-based solutions to the decarbonization of the economy.

With its trading and Corporate Climate Solutions offerings, STX Group ensures that money flows to hundreds and thousands of projects that make the world a greener place, while providing corporations with the certified proof-points of their contributions to environmental progress.

After acquiring Vertis and its subsidiary Strive in December 2021, the STX Group now boasts a diverse team of nearly 500 employees from over 50 countries. Headquartered in Amsterdam, the Netherlands, STX Group has 13 offices around the world and an annual trading volume of over EUR 4 billion.

For more information, please visit https://stxgroup.com/

Note to editors – not for publication

Media contact
Jaime Santisteban
media@stxgroup.com

+33 6 80 80 99 98

Attachment

• STX Group Launches Working Capital Solution to Accelerate Renewable Energy Transition

Jaime Santisteban
STX Group
+33 6 80 80 99 98 
media@stxgroup.com

GlobeNewswire Distribution ID 8989794

• Growing participation in the program promises to greatly expand access to renewable energy in semiconductor space
• Announcement coincides with COP28 climate conference

Dubai (United Arab Emirates), December 5, 2023 – Schneider Electric, the leader in the digital transformation of energy management and automation, today announced that Google, ASM and HP have joined the Catalyze program, which aims to accelerate access to renewable energy across the global semiconductor value chain and IT supply landscape, as new global sponsors.

The first-of-its-kind program was first announced in July, with sponsors Intel and Applied Materials. The announcement that three more leading technology companies have now joined as founding sponsors coincides with the COP28 United Nations Climate Change Conference taking place in Dubai.

Catalyze encourages suppliers from throughout the semiconductor industry ecosystem to collaborate to transition their value chain to renewable sources of energy. Participants are encouraged to make commitments to decarbonization and take collective action through the procurement of renewable energy, leveraging the purchasing power of buyer cohorts.

The energy transition within the value chain is imperative. According to a recent study by the SEMI Semiconductor Climate Consortium, the semiconductor industry’s carbon footprint was equivalent to 500Mt of CO₂ in 2021—with 16% coming from the supply chain. By transitioning suppliers onto lower-carbon sources of energy and supporting them in other decarbonization actions like electrification, the industry can make a significant impact in its overall Scope 3 emissions.

“We are delighted to welcome Google, ASM, and HP to the Catalyze program. Their decision to join supports the ambition to accelerate the decarbonization of supply chains,” said Jean-Pascal Tricoire, Chairman, from Schneider Electric. “Scope 3 emissions have proven a challenge to track and manage, but the Catalyze program enables companies and their suppliers to engage and collaborate in their energy transition and decarbonization.”

“Transitioning to carbon-free semiconductor manufacturing is critical to reducing global emissions, and no company can do it alone,” said Michael Terrell, Senior Director of Energy and Climate, Google. “We are excited to become a founding sponsor of the Catalyze program and look forward to working with our fellow sponsors and suppliers to expand the use of clean energy across this critical area of Google’s supply chain”

“The planet needs urgent and decisive action to reduce the impacts of climate change. That’s why HP has committed to cut our end-to-end value chain emissions in half this decade, while still delivering innovative technology to our customers,” said Ernest Nicolas, Chief Supply Chain Officer, HP. “We’re proud to sponsor the Catalyze program to help drive industry progress toward decarbonization of the semiconductor and IT supply chain.”

“Collaboration is critical in reducing global emissions, no one company nor one industry alone can do it all. That is why Catalyze is so important, it enables companies to come together to make one plus one equal three,” said John Golightly, VP of Sustainability, ASM. “If we tried to do this alone with our suppliers it could never equal the impact and scale of the Catalyze program, and for that we are excited to be a founding sponsor.”

The Catalyze program strives to:

• Combine energy purchasing power across the semiconductor value chain to accelerate the deployment of renewable energy projects
• Provide suppliers – who may not have the capacity on their own – with the opportunity to participate in the market for utility-scale power purchase agreements (PPAs).
• Enable any company that supplies to a Catalyze sponsor to join– across the IT supply landscape
• Increase awareness of the availability of renewable energy in specific global regions where the semiconductor value chain is operational
• Leverage numerous educational and digital technology platform engagements to drive measurable actions in supply chain decarbonization

Learn more about the Catalyze program here.

Related resources:

• Schneider Electric Perspectives

• See Schneider Electric’s dedicated site on COP28 for more insights and commentary
• Press release: Ahead of COP28, Schneider Electric calls for greater action on decarbonization and inclusion
• Thought leadership: CEO Peter Herweck on why Companies must be climate fighters

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.

www.se.com

        Follow us on:      

Discover the newest perspectives shaping sustainability, electricity 4.0, and next generation automation on Schneider Electric Insights.

Hashtags: #sustainability, #ESG, #AI, #COP28UAE, #digitization, #innovation

GlobeNewswire Distribution ID 1000902570

The Yacht Club de Monaco and the Royal Selangor Yacht Club strengthen relations with the signing of a Mou

TURIN, Italy, Dec. 05, 2023 (GLOBE NEWSWIRE) — The Yacht Club de Monaco and the Royal Selangor Yacht Club signed a MoU (Memorandum of Understanding) on November 27th in Kuala Lumpur to strengthen the relations between the two Clubs. Following the signing in 2008 of a reciprocity agreement between Yacht Club de Monaco, whose President Prince Albert II of Monaco, and the Royal Selangor Yacht Club, under the Royal Patronage of The Sultan of Selangor, the two Clubs wish to reinforce their bonds of friendship and collaboration by signing the document  with a view to the Royal Selangor Yacht Club obtaining the ‘La Belle Classe Destinations by YCM’ certification. Initiated in 2011, this certification sets a standard of excellence in terms of quality of the facilities, services and events offered. The ambition is to establish an exclusive network of yacht clubs and marinas which fully respects the unique character of each destination, while fostering development of sustainable yachting on an international scale.

The signing took place at the Monaco Economic Forum 2023 during the state visit of Prince Albert II of Monaco to Malaysia. It was signed on behalf of the Yacht Club de Monaco by Bernard d’Alessandri, its General Secretary and on behalf of RSYC by its Commodore, Che Wan Azuar witnessed by Prince Albert II and Tengku Amir Shah, Crown Prince of Selangor and Life Commodore of RSYC.

The entering into of this MOU will enable the two Clubs to jointly organise social and sporting events; to facilitate exchanges of staff and members; and to offer members of the respective Clubs an opportunity to attend each other’s exclusive events. Projects in the pipeline include deployment in Malaysia of the SEA Index, the first carbon footprint calculator enabling a rapid comparison of superyachts (+25m); and putting forward a Malaysian team to participate in the Monaco Energy Boat Challenge (1-6 July 2024), a major event for alternative sustainable energy sources, which brings together key players in the yachting industry and the future of engineering.

The ultimate goal of this collaboration is to encourage development of yachting in Malaysia, a sector that forms a real bridge between two countries who share the same vision in terms of innovation and the environment, as both view their coastlines as having a key role to play in their economic growth. Modelled on the collective ‘Monaco, Capital of Advanced Yachting’ approach, the ambition is to build in Malaysia the foundations for a responsible yachting sector in accordance with the United Nations Sustainable Development Goals.

For more information:
Press Office LaPresse – ufficio.stampa@lapresse.it

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e7fd81da-d043-4804-bb79-ae4d0cfe2a0a

GlobeNewswire Distribution ID 8989788

Nasdaq’s institutional grade infrastructure to underpin creation of a single market for the three countries of Chile, Perú, and Colombia

Flexible and scalable technology will help develop sophisticated, global capital markets ecosystem

NEW YORK and SANTIAGO, Chile, Dec. 05, 2023 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) and nuam exchange (Chilean Stock Exchanges: NUAM) formed by the merger of Santiago, Lima, and Colombia stock exchanges, today announced a strategic technology partnership that will underpin the integration, development, and expansion of the new marketplace in Latin America.

nuam exchange is seeking to establish a unique, open, and transformative market that can strengthen its domestic economies, whilst scaling to become a leading global exchange group. It is aiming to offer a truly integrated market across multiple asset classes and market infrastructures, broadening its range of products and services as it expands.

Nasdaq welcomes the opportunity to partner with nuam exchange, providing a flexible and scalable technology platform capable of supporting the exchange’s ambitious growth trajectory. As a provider of mission-critical technology to more than 130 financial market infrastructures globally, Nasdaq’s technology will be a powerful means of developing the new exchange group and ensuring the fairness, resilience, and performance of its marketplace.

By standardizing access to the market through standard industry APIs, nuam exchange will significantly improve the ease and cost of access. In addition, safeguards in the form of risk controls will help ensure quality and trust in the market, together helping to attract larger, global participants, and strengthening liquidity.

“This strategic and technological partnership gives us the ability to position nuam exchange on a world-class stage for the operation of the new market we are creating. Having Nasdaq’s technology, reliability, and experience will take us to the next level in this integration process,” said Juan Pablo Córdoba, CEO at nuam exchange.

“The combination of Nasdaq’s institutional grade technology and the consolidation of three leading Latin American exchanges is an exciting prospect,” said Tal Cohen, Co-President, Nasdaq. “Global capital markets are increasingly demanding resilient and robust technology, capable of withstanding ever-greater volatility and volume. Well-functioning, trusted markets are critical to inclusive growth and prosperity, and we are pleased to support the ongoing development of nuam exchange in Latin America.”

About nuam exchange

nuam exchange (Chilean Stock Exchanges: NUAM) is the first multi-country merger of stock exchanges comprising the Chilean, Colombian and Peruvian markets, aiming to standardize the conditions and rules of operations in the three countries, while adhering to the highest international standards, and thus attracting foreign investment flows with greater strength and confidence to improve the lives of the citizens in Chile, Colombia and Peru. We believe that the merger will position our company as a key player in the global market infrastructure industry. To learn more about the company, visit us at www.nuamx.com

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.

nuam Media Contact:
Andrea Soto
+56974480447
asoto@bolsadesantiago.com

Nasdaq Media Contact:
Andrew Hughes
+44 (0)7443 100896
Andrew.Hughes@nasdaq.com

GlobeNewswire Distribution ID 8989152

HANOI, Vietnam, Dec. 05, 2023 (GLOBE NEWSWIRE) — Vietnam’s leading genetic testing firm Gene Solutions, specializing in detecting the presence of certain diseases based on their genetic markers, made a remarkable impact at ESMO Asia Congress 2023, one of the most prestigious oncology conferences held in Singapore from December 1 to 3.

Gene Solutions’ booth attracted lots of interest and discussion

ESMO Asia is where distinguished international experts, key opinion leaders, and oncology associations meet annually to present and discuss the latest scientific and clinical advances in oncology in the Asia-Pacific region and the world.

As the only representative of South East Asia at the 2023 congress, Gene Solutions introduced its achievements in Next-generation sequencing (NGS), presenting significant steps forward in personalized medicine in cancer treatment. The research and development team presented five reports, including an oral and four poster presentations that illustrated the clinical advantages of genetic testing for cancer screening and tracking. Two presentations were awarded the Travel Merit Award.

Dr. Tran Le Son’s oral presentation won the Travel Merit Award

Gene Solutions has made impressive strides in the region, present in Vietnam, Thailand, Philippines, Malaysia, Indonesia, and now Singapore. Its sixth laboratory recently opened in Singapore is a clear indication of the recognition and cooperation from this global powerhouse. It also hosted a meeting with the theme “A One-stop solution for all cancer patients,” bringing together experts from six Southeast Asian countries.

Dr. Vo Hoai Nam’s report at ESMO Asia 2023 draw attention
from experts and doctors

Earlier in 2023, Gene Solutions’ clinical research success was recognized at The ASCO Breakthrough in Japan, with two ASCO Breakthrough Abstract Awards. They were selected for a prominent press conference to highlight the exceptional outcomes of their clinical validation study, K-DETEK.

This pioneering company is on a mission to combat these ailments and improve patient care in Southeast Asia. It has developed Screening for the Presence of Tumor by Methylation And Size (SPOT-MAS) – a multimodal liquid biopsy-based assay that can detect the five most common cancer types (liver, breast, colorectal, gastric, lung cancer).

In April 2022, the first analytical validation of SPOT-MAS test was conducted on a cohort of 738 patients, 1550 healthy individuals and published in the esteemed journal, eLife (eLife.89083.2). This proved SPOT-MAS’ ability to detect cancer patients with a sensitivity of 72.4% and a specificity of 97.0%. With products like SPOT-MAS, OncoGS, K-TRACK, K-4CARE, Gene Solutions has been at the forefront of applying liquid biopsy technology to support screening, diagnosis, guiding and monitoring treatment for various types of cancer.

Gene Solutions was co-founded in 2017 by Dr. Nguyen Hoai Nghia (CEO), Dr. Nguyen Huu Nguyen (Deputy CEO), and Dr. Giang Hoa (R&D Head). They have strong backgrounds in genetics, cancer biology, clinical medicine, biotechnology.

After studying cancer biology and genetics in the US, Dr. Nghia wished to establish cutting-edge technologies in Vietnam. That was when “Gene Solutions” as an idea came to be. They aim to create a solution that will be more accessible, affordable, and widely accessible, thereby benefiting millions of people in Southeast Asia.

“It was an exciting experience to present our research at this esteemed event for the first time, and an honor to be rewarded for our efforts. We are proud of our six-year journey in Vietnam developing NGS. Gene Solutions is leading a much-needed paradigm shift in healthcare by embracing the most recent developments in genetic research, encouraging preventive care, and motivating people to take control of their health,” said Dr. Nguyen Huu Nguyen.

https://www.globenewswire.com/NewsRoom/AttachmentNg/404de6e6-91af-4b17-abb5-b8123c2d0570

https://www.globenewswire.com/NewsRoom/AttachmentNg/e4dcf1ea-5055-4c39-8805-05dd5d20e003

https://www.globenewswire.com/NewsRoom/AttachmentNg/85441e0c-f85e-4ed3-bcd3-b84d072166c5

genesolutions247@gmail.com

GlobeNewswire Distribution ID 8989765