Lufax to Help Traditional Financial Institutions Build Digital Infrastructure

SHANGHAI, Sept. 3, 2019 /PRNewswire/ — Lufax announced its plan to help traditional financial institutions build their digital infrastructure though a …

SHANGHAI, Sept. 3, 2019 /PRNewswire/ — Lufax announced its plan to help traditional financial institutions build their digital infrastructure though a Software-as-a-Service (SaaS) model, and accelerate the industry’s adoption of technology at the World Artificial Intelligence Conference (WAIC) 2019.

How Common Infrastructure Can Elevate the Industry

The announcement launches Lufax’s strategic foray into exporting financial technologies and elevating the financial industry through complementary partnerships.

The software infrastructure with which Lufax looks to empower traditional financial institutions is derived from the lu.com platform, which has accumulated eight years of experience serving its 43 million users digitally. It comprises a common layer, where the risk management, cash flow, asset, and operational aspects of financial capabilities are embedded, and a customizable layer, where the data of each tenant institution are compartmentalized. Lufax, as a service provider, offers bespoke development and training services built around the software infrastructure.

By adopting the Lufax software infrastructure through a white label SaaS model, financial institutions will help establish an industry standard that embraces advanced financial technologies, and elevates the user experience to the level that investors in the smartphone age have come to expect. With common industry software, financial institutions, especially small to medium trust companies and brokerages, can focus on creating the best experience on a ready-built and proven platform.

“As a common interface and industry standard, the Lufax software infrastructure will enable great user experience while allowing different financial institutions the freedom to differentiate their individual identities,” said Jinliang Mao, Lufax Chief Technology Officer. “Lufax is helping to build a technological framework applicable to the entire financial sector, because investors throughout the industry benefit when there is a widely-recognized paradigm.”

How an Industry Standard Benefits the Investor Community

Financial services will become smarter and more readily available among institutions that embrace the Lufax software infrastructure, thanks to Lufax’s technological expertise accrued through serving its 43 million users.

“We expect that many institutions will share our vision and embrace the Lufax software infrastructure,” said Mao. “The broader investor community will benefit from the consequent 24/7 availability of financial services and reduced wait time.”

The application of big data in Know Your Customer (KYC) and suitability verification presents a new tool for due diligence; while the use of artificial intelligence in remote video signing allows for better user experience without sacrifices to compliance.

Participating institutions will be able to deliver the kind of user experience that meet their individual standards while retaining control over brand-specific, differentiated services that reflect their respective identities.

About Lufax

Lufax is a world-leading comprehensive online wealth management platform and a provider of turnkey technological solutions for financial institutions and local governments. The company leverages its global financial footprint and technological innovations in building its comprehensive risk management apparatus, and providing institutions, enterprises, and qualified investors with secure, professional, efficient financial services and information.

SOURCE Lufax

Related Posts:

  • No Related Posts

Global SaaS Online Video Platform Market Insights 2019- 2025 by Players: Brightcove, Ooyala …

Following are the Leading Manufacturers – Brightcove, Ooyala (Telstra), Piksel, thePlatform (Comcast Technology Solutions), IBM Cloud Video, …

SaaS Online Video Platform Market

All-inclusive SaaS Online Video Platform Market is a recently Published Research Report that covers every aspect of Global SaaS Online Video Platform 2019 along with in-detailed analysis of growth elements, trends, size, demand and distribution. This report also evaluates the past and current SaaS Online Video Platform values to predict future market directions between the forecast period 2019 to 2025. This Research Report segments the SaaS Online Video Platform industry according to Type, Application and Regions. SaaS Online Video Platform Competitive Analysis: The existence of large, small and local vendors in the market creates high competition. Following are the Leading Manufacturers – Brightcove, Ooyala (Telstra), Piksel, thePlatform (Comcast Technology Solutions), IBM Cloud Video, Kaltura, Samba Tech, Wistia, Arkena, Xstream, Ensemble Video, MediaPlatform, Viocorp, Anvato (Google), Vzaar

Download FREE sample Copy: www.marketnreports.com/request-for-sample.html?repid=15831

Market Dynamics:

The changing consumer patterns in terms of Market Competitions, due to the influence of western culture have also fueled the demand for SaaS Online Video Platform market. New product development, high investment in R&D and growing demand in the developing world are growth opportunities for the Agriculture, Chemical Industry, Textile Industry, Pharmaceutical Industry, Other industries. SaaS Online Video Platform Market report presents a Primary overview of the SaaS Online Video Platform Market with recent Trends, Product types, as well as definitions, Top Manufacturer, applications, business chain structure and developing methods. To estimate the size of various other dependent sub markets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

Production Analysis:

SWOT analysis of major key players of SaaS Online Video Platform industry based on a Strengths, Weaknesses, company’s internal & external environments, Opportunities and Threats. . It also includes Production, Revenue and average product price and market shares of key players. Those data are further drilled down with Manufacturing Base Distribution, Production Area and Product Type. Major points like Competitive Situation and Trends, Concentration Rate Mergers & Acquisitions, Expansion which are vital information to grow/establish a business is also provided.

Inquire for further detailed information of SaaS Online Video Platform Market Report: www.marketnreports.com/inquiry-for-buying.html?repid=15831

Market Segmentation by Product: Software, Service

Regional Analysis:

United States, Canada, Europe, China, India, Japan, South Korea, Australia, Germany, France, Brazil, Egypt, South Africa etc and Rest of the World.

Market Segmentation by Applications: Media & Entertainment Industry, Enterprise

About SaaS Online Video Platform:

In 2018, the global SaaS Online Video Platform market size was XX million US$ and it is expected to reach XX million US$ by the end of 2025, with a CAGR of XY% during 2019-2025.

Obtain a detailed global SaaS Online Video Platform market research report 2019: www.marketnreports.com/global-saas-online-video-platform-market-2017-industry.html

Let you Know about our Huge Demand of Following 15 Chapters in Global SaaS Online Video Platform Market

Chapter 1: Definition, Specifications and Classification of SaaS Online Video Platform, Applications of SaaS Online Video Platform, Market Segment by Regions.

Chapter 2: Manufacturing Cost Structure, Raw Material, and Suppliers, Manufacturing Process, Industry Chain Structure

Chapter 3: Technical Data and Manufacturing Plants Analysis of SaaS Online Video Platform, Capacity and Commercial Production Date, Manufacturing Plants Distribution, R&D Status and Technology Source, Raw Materials Sources Analysis

Chapter 4: Overall Market Analysis, Capacity Analysis (Company Segment), Sales Analysis (Company Segment), Sales Price Analysis (Company Segment)

Chapter 5 and 6: Regional Market Analysis that includes the United States, China, Europe, Japan, Korea & Taiwan, SaaS Online Video Platform Segment Market Analysis (by Type)

Chapter 7 and 8: The SaaS Online Video Platform Segment Market Analysis (by Application) Major Manufacturers Analysis of SaaS Online Video Platform.

Chapter 9: Market Trend Analysis, Regional Market Trend, Market Trend by Product Type

Chapter 10: Regional Marketing Type Analysis, International Trade Type Analysis, Supply Chain Analysis.

Chapter 11: The Consumers Analysis of Global SaaS Online Video Platform.

Chapter 12: SaaS Online Video Platform Research Findings and Conclusion, Appendix, methodology and data source.

Chapter 13, 14 and 15: SaaS Online Video Platform sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.

Please contact us if you are looking for any other possible breakdown across the products. Have any special requirement on above SaaS Online Video Platform market report? Ask to our Industry Expert: sales@marketnreports.com

Read other Report:- industrynewsfocus.us/85667/global-hybrid-tunnel-boring-machine-market-2019-overview-by-herrenknecht-crec-crchi-robbins-tianhe-wirth-komatsu-mitsubishi/

  • Author Details
Avatar
kingjohnAuthor
Sorry! The Author has not filled his profile.

Related Posts:

  • No Related Posts

Freshworks Inc’s billings jump 61% in Q2 on global expansion

CHENNAI: San Mateo, California-headquartered Freshworks Inc has said its billings grew 61% in the second quarter of the current Calendar over the …
CHENNAI: San Mateo, California-headquartered Freshworks Inc has said its billings grew 61% in the second quarter of the current Calendar over the year-ago period on the back of a global footprint expansion into Europe, South-East Asian regions, and in Japan.

Software-as-a-Service (SaaS) companies offer their products on a variety of subscription plans that include monthly payments for full-year plans, advance payments and so on. Billings reflect the money a SaaS company is bound to collect from its customers, eventually to be counted as revenue. Freshworks had said in July last year that its Annual Recurring Revenue had crossed $100 million.

Freshworks has been introducing its customer engagement and associated software products across regions: “In addition to the Q2 growth, Freshworks broadened its corporate footprint in Europe by opening offices in Paris, France, and Utrecht, Netherlands. On the heels of expanding its existing office in London, Freshworks hosted Refresh19 London, its first ever UK user conference, attracting over 400 attendees,” said a release.

Besides the European expansion, inroads have been made into Japan by partnering with OrangeOne Corp, a leading software company in the country. Freshworks opened offices in Hyderabad – third in India– and one in Melbourne, the second in the Australia-New Zealand region.

The company had added a Whatsapp provision to its in-app chat feature Freshchat to enable businesses to send updates on the Facebook-owned messaging platform to their customers. “Businesses can now send customers text, images, GIFs, attachments or canned responses via WhatsApp’s enormously popular messaging platform,”Freshworks said in a release. It had also launched Freshrelease, a product management tool to help IT teams fix bugs faster and cuts time-to-market for software launches.

Freshworks’ latest acquisition Natero is helping the company offer AI-ML leveraged data to its businesses to enable them to know more about their users. Its partner network engaged in ecosystem-building has helped create a marketplace that boasts over 700 applications. “Overall the business from the partner network from over 40 countries registered 100% YoY growth in first half of the year ending June 2019,” the release said.

Founder and CEO Girish Mathrubootham, a Chennai entrepreneur who recently relocated to the US, had told ET in an interview in June that Freshworks had “achieved the scale and growth to go public.” Freshworks has raised funds totaling $250 million over nine years and made ten start-up acquisitions, all of them leveraged as software products for the Freshworks suite. The company is backed by Accel, CapitalG, Tiger Global Management and Sequoia Capital India.

Freshworks is set to host another user conference in Las Vegas, US, in early September.

Related Posts:

  • No Related Posts

Open Source Software Market 2019-2025 Strategies by Intel, Epson, IBM, Transcend, Oracle …

Acquia. OpenText. Alfresco. Astaro. RethinkDB. Canonical. ClearCenter. Open Source Software Market Analysis by Regions: Each geographical …

The report provides a comprehensive analysis of the GLOBAL OPEN SOURCE SOFTWARE MARKET by types, applications, players and regions. This report also displays the 2013-2025 production, Consumption, revenue, Gross margin, Cost, Gross, market share, CAGR, and Market influencing factors of the Open Source Software industry in USA, EU, China, India, Japan and other regions

Open Source Software Market Analysis by Players: This report includes following top vendors in terms of company basic information, product category, sales (volume), revenue (Million USD), price and gross margin (%).

Intel

Epson

IBM

Transcend

Oracle

Acquia

OpenText

Alfresco

Astaro

RethinkDB

Canonical

ClearCenter

Open Source Software Market Analysis by Regions: Each geographical region is analyzed as Sales, Market Share (%) by Types & Applications, Production, Consumption, Imports & Exports Analysis, and Consumption Forecast.

USA

Europe

Japan

China

India

Southeast Asia

South America

South Africa

Others

Open Source Software Market Analysis by Types: Each Type is studied as Sales and Market Share (%), Revenue (Million USD), Price, Gross Margin and more similar information.

Shareware

Bundled Software

BSD(Berkeley Source Distribution)

Open Source Software Market Analysis by Applications: Each application is studied as Sales and Market Share (%), Revenue (Million USD), Price, Gross Margin and more similar information.

BMForum

phpBB

PHPWind

Request a sample of this report @ https://www.orbisresearch.com/contacts/request-sample/2512325

Some Points from Table of Content:

1 Open Source Software Market Overview

1.1 Product Overview of Open Source Software

1.2 Classification of Open Source Software

1.2.1 Type 1

1.2.2 Type 2

1.2.3 Type 3

1.2.4 Type 4

1.3 Applications of Open Source Software

1.3.1 Application 1

1.3.2 Application 2

1.3.3 Application 3

1.3.4 Application 4

1.4 Global Open Source Software Market Regional Analysis

1.4.1 USA Market Present Situation Analysis

1.4.2 Europe Market Present Situation Analysis

1.4.3 Japan Market Present Situation Analysis

1.4.4 China Market Present Situation Analysis

1.4.5 India Market Present Situation Analysis

1.4.6 Southeast Asia Market Present Situation Analysis

1.4.7 South America Market Present Situation Analysis

1.4.8 South Africa Market Present Situation Analysis

1.5 Open Source Software Industry Development Factors Analysis

1.5.1 Open Source Software Industry Development Opportunities Analysis

1.5.2 Open Source Software Industry Development Challenges Analysis

1.6 Open Source Software Consumer Behavior Analysis

2 Global Open Source Software Competitions by Players

2.1 Global Open Source Software Sales (Volume) and Market Share (%) by Players

2.2 Global Open Source Software Revenue (Million USD) and Share by Players (2017-2018)

2.3 Global Open Source Software Price (USD/Volume) by Players (2017-2018)

2.4 Global Open Source Software Gross Margin by Players (2017-2018)

3 Global Open Source Software Competitions by Types

3.1 Global Open Source Software Sales (Volume) and Market Share (%) by Types

3.2 Global Open Source Software Revenue (Million USD) and Share by Type (2013-2018)

3.3 Global Open Source Software Price (USD/Volume) by Type (2013-2018)

3.4 Global Open Source Software Gross Margin by Type (2013-2018)

3.5 USA Open Source Software Sales (Volume) and Market Share (%) by Type

3.6 China Open Source Software Sales (Volume) and Market Share (%) by Type

3.7 Europe Open Source Software Sales (Volume) and Market Share (%) by Type

3.8 Japan Open Source Software Sales (Volume) and Market Share (%) by Type

3.9 India Open Source Software Sales (Volume) and Market Share (%) by Type

3.10 Southeast Asia Open Source Software Sales (Volume) and Market Share (%) by Type

3.11 South America Open Source Software Sales (Volume) and Market Share (%) by Type

3.12 South Africa Open Source Software Sales (Volume) and Market Share (%) by Type

…………………

Related Posts:

  • No Related Posts

SaaS Startup Vymo Raises $18 Mn Series B Funding

Shailesh Lakhani, Managing Director, Sequoia Capital, said, “As early partners, we’ve seen Vymo grow rapidly across all metrics, but most importantly …

Bengaluru-based SaaS startup Vymo has announced a fresh $18 Mn Series B funding round, with the investment being led by Emergence Capital, an enterprise cloud VC. Existing investor Sequoia Capital India also participated in the round.

The company said that the fresh funding will fuel Vymo’s official US launch with headquarters in New York. The funds will also help Vymo drive continued growth in global markets. Jake Saper, partner at Emergence Capital, joins Vymo’s board as part of the investment.

Prior to this round, Vymo has raised more than $23 Mn to date.

Founded in 2013 by Yamini Bhatt and Venkat Malladi, Vymo is a personal assistant app for enterprise sales/service teams. It automatically captures data of sales activities, learns from the best sales reps in the organisation, and suggests the next best actions contextually. Vymo eliminates manual reporting of data into CRM systems, enables managers to make coaching interventions at the moment, and helps leaders plan their business with data-driven insights.

“When it comes to evaluating SaaS investment opportunities, the focus is often on lagging indicators such as churn and revenue growth. But the characteristic our most iconic companies have in common at the time of our investment is a passionate group of highly engaged customers,” said Jake Saper, Partner with Emergence Capital.

The company claims to be used by 100Ksalespeople at over 50 global enterprises such as AXA, Allianz, AIA, Generali, and Sumitomo, and the top banks in APAC. It claims to have grown 3X Y-o-Y over the last couple of years with deployments across 7 countries.

Shailesh Lakhani, Managing Director, Sequoia Capital, said, “As early partners, we’ve seen Vymo grow rapidly across all metrics, but most importantly in avid adoption by mobile-first workers at some of the largest global enterprises.”

The investment in Vymo comes at an opportune time for the SaaS industry. Recently, Seattle and Pune-based software company Icertis raised $115 Mn in a funding round led by US-based venture capital firm Greycroft and PremjiInvest. With this, the company joined the SaaS unicorn club with Freshworks and Druva.

Freshworks, on the other hand, is reportedly working towards an initial public offering (IPO) as early as 2021. The listing is expected to be on New York-headquartered stock exchange, NASDAQ.

Expected to reach $1 Bn by 2020, the Indian SaaS and enterprise software market currently accounts for 9% of all software sales. DataLabs by Inc42 suggests that in the period between January 2014 and June 2018, Indian SaaS startups raised $2.79 Bn across 520 deals.

Related Posts:

  • No Related Posts