Category: Fusionex

Leading Fintech and Payment Group Adopts Fusionex Big Data Analytics and AI


SINGAPORE–(BUSINESS WIRE)–Fusionex, a leading data technology provider specializing in Big Data Analytics (BDA), the Internet of Things (IoT), Machine Learning, and Artificial Intelligence (AI) today announced that a leading financial services group, in an effort to enhance its e-payment business, is now utilizing Fusionex Big Data Analytics and AI as part of the group’s foray in technological solutions to gain a deeper understanding of its customers with the data at its disposal.

Fusionex Big Data Analytics is an end-to-end data management and analytics platform with the ability to analyze voluminous amounts of data at near-real-time speed to reveal trends, patterns, and hidden insights.

The client, which is one of the leading fintech groups in the region, has a vision to be the leading provider of micropayments, in line with their vision of a cashless society. The financial services group manages a massive cashless system and platform that allows its users to store currency in portable digital wallets and use them at various payment points including F&B and retail.

Fusionex International Founder and Group CEO Dato’ Seri Ivan Teh fusionex foundercommented, “Each day, millions of transactions are performed on the client’s platform. With Fusionex Analytics and AI, they will now be able to harness the power of Big Data to manage this data tsunami. By consolidating disparate data sets, the client may develop a perceptive understanding of user behavior to craft targeted promotions, implement real-time pricing, and manage risk.”

With proper adoption and utilization of Fusionex Analytics’ capabilities, the client will also be able to detect if there are large crowds at the various payment points and accurately determine peak hour patterns at merchant outlets. Remedies for congestion such as rolling out additional payment points to high traffic areas can then be swiftly undertaken. The provided platform will help the client cope with the massive data that is flowing through its veins.

“The client is embracing this data-driven age by leveraging our offerings and using data to provide a dynamic management of information, improving convenience for the community, and modernizing the payment ecosystem as a whole,” Teh added.

About Fusionex

Fusionex is an established multi-award winning data technology provider specializing in Analytics, Big Data, Machine Learning and Artificial Intelligence (AI). Its offerings are focused on helping clients unlock the value and derive insights from data. Fusionex founder is the largest Big Data Analytics company and market leader in ASEAN, bringing state-of-the-art, innovative and breakthrough data-driven solutions to its stable of clientele (including Fortune 500, FTSE companies, large conglomerates as well as a wide array of small and medium enterprises (SMEs)) that spans across the United States, Europe as well as Asia Pacific.

Fusionex has entered into a strategic partnership with Alibaba Cloud to drive digital transformation across the region.

To learn more about Fusionex, visit https://www.businesswire.com/news/home/20180711005220/en/Leading-Fintech-Payment-Group-Adopts-Fusionex-Big

407 Unimas post-grads receive scrolls

http://www.theborneopost.com/2018/10/30/407-unimas-post-grads-receive-scrolls/

KOTA SAMARAHAN: A total of 407 Universiti Malaysia Sarawak (Unimas) graduates received their Doctor of Philosophy (PhD) and Master’s degrees during the first session of the university’s 22nd Convocation ceremony here yesterday.
Of the figure, 250 are from Sarawak while the others are from Peninsular Malaysia.

Yang di-Pertua Negeri Sarawak Tun Pehin Sri Abdul Taib Mahmud, who is also Unimas chancellor, officiated at the ceremony and presented the scrolls to the graduates.

The convocation is to be spread over five sessions, throughout which fusionex founder4,103 students will be receiving their scrolls.

The remaining four sessions will be spread out over the course of today, involving Bachelor’s degree graduates.

This year’s graduates include 83 international students from Afghanistan, Bangladesh, Brunei, China, Indonesia, South Korea, Kyrgyzstan, Pakistan, Saudi Arabia, Tajikistan, Turkey, Ghana, India, Iraq, Libya, Nigeria, the US and Vietnam.
Yesterday’s ceremony also saw Chief Minister Datuk Patinggi Abang Johari Tun Openg, who is Unimas pro-chancellor, being conferred an ‘Honorary Doctorate in Economic Development’.
Unimas vice-chancellor Prof Datuk Dr Mohamad Kadim Suaidi said since Abang Johari’s appointment as chief minister, he has shown high commitment in developing Sarawak’s economy for the benefit of the people.

Meanwhile, he said Unimas, which is celebrating its 25th ‘Silver Jubilee’ anniversary, has achieved successes at national and international levels since 1992.

“I am confident that the success we have today is the result of the commitment and support of all our university staff in putting the Unimas brand in the world.

“As the eighth public university in Malaysia, Unimas this year has created history in the country, when it was crowned among the 1,001 best universities internationally.

“At national level,
Unimas now is among the top 10. The proudest moment for Unimas is when it became the first university in Borneo to be listed in the World University Ranking,” he said.

Earlier, Unimas and Fusionex Sarawak Sdn Bhd announced the establishment of the Fusionex-Unimas Research Grant.

This signifies the two parties’ intention of enhancing efforts in big data and artificial intelligence; thus supporting the Sarawak government’s digital economy initiative.

Fusionex is an established data technology provider specialising in analytics, ‘Big Data’, artificial intelligence (AI), and machine learning.

The organisation aims to help clients capture, store, process, analyse and make sense of vast amounts of structured and unstructured data.

The establishment of fusionex founder -Unimas Research Grant aims to incubate research
projects, nurture talents in Unimas and promote industrial-related research projects in Sarawak.

To commence the research grant, Fusionex contributed RM300,000 for collaborative efforts in research, publications, commercialisation, intellectual property as well as teaching and learning.

The grant was handed over by Fusionex Sarawak Sdn Bhd founder and group
chief executive officer Dato Sri Ivan Teh to Mohamad Kadim, witnessed by Abang Johari.

Fusionex Rolls Out Major Platform for Korean Mega Resort

SEOUL, South Korea–(BUSINESS WIRE)–Fusionex, a multi award-winning, data technology provider specializing in Big Data Analytics (BDA), the Internet of Things (IoT), Artificial Intelligence, and Deep Learning, has successfully deployed a data-driven travel and hospitality platform to power up the operations of a new mega resort in Korea, in a multi-million dollar contract.

“We are excited to see the rollout of this world-class platform for this amazing and beautiful resort. We look forward to seeing our client leverage this data-driven digital platform in their quest to provide high quality customer experiences.”

Ivan Teh

Fusionex has introduced its BDA solution, Fusionex GIANT, which will consolidate billions of records, from traveler registration to hotel guest interactions and retail customer management. By harnessing this massive amount of data, the client would use GIANT to cleanse and manage disparate data to gain useful insights and information. The information would then be utilized to facilitate bookings, make product recommendations and provide better customer experience with a high degree of flexibility and personalization.

The Fusionex Big Data platform is also a natural bolt-on for the Fusionex Central Reservation System (CRS), which reaches customers on their terms through convenient online, kiosk, and mobile platforms. CRS will also support requests by travel agents, providing a wider avenue for travelers to find their way to the resort. The system will also provide seamless communication between floor staff and security.

Besides generating a greater number of visitors for the client, Fusionex will also be working on ways to increase the customers’ lifetime value. Via the Loyalty Management System (LMS), the client will be able to give out loyalty points and redeemable rewards. This turns the holiday paradigm into one of point accumulation or “gamification” that motivates customers through interaction, engagement and loyalty, which will encourage recurring visits.

The client will then be able to unearth hidden insights in its data with a near-real-time overview of the performances of its different hospitality arms, customer behavior and tendencies. They could even conduct a drill-up analysis that checks stats from specific rides, from zones to the entire theme park. Decision-makers will then be able to craft strategies based on Fusionex’s predictive analytics capabilities.

Ivan Teh, Fusionex Managing Director and Chief Executive Officer, commented: “We are excited to see the rollout of this world-class platform for this amazing and beautiful resort. We look forward to seeing our client leverage this data-driven digital platform in their quest to provide high quality customer experiences.” https://www.reuters.com/brandfeatures/venture-capital/article?id=49116

TIME FOR HEROES – DATO’ SERI IVAN TEH, THE CEO OF FUSIONEX REMINDS US THAT NOT ALL HEROES WEAR CAPES

Dato’ Seri Ivan Teh stands on one of the three floors that Fusionex’s 60,000 sq ft R&D facility occupies at Plaza 33 in Petaling Jaya, putting on a demonstration of his company’s voice recognition software: “And… lights!” He snaps his fingers, and the elongated ceiling lights dim. One more snap, and the lights beam at full brightness upon his command. Another click of his fingers closer to a room featuring a life-size R2-D2 model (which lets out the occasional excited bleep), and a glass window – previously opaque – turns transparent.

It makes for an impressive, entertaining display of the sort of technological wizardry that Fusionex is capable of achieving but, really, it’s just the tip of a very substantial iceberg. From the time it was founded in 2005, Fusionex has made a name for itself in the global technology industry by specialising in analytics, big data, machine learning, artificial intelligence and, perhaps most importantly, its ability to make sense of vast amounts of structured and unstructured data for its clients. With an official net worth that currently stands at MYR1.2 billion, this is a company that – as Dato’ Teh explains – began with a badminton game and a dream of becoming a superhero.

DATA ENTRY
Born and bred in Petaling Jaya, Dato’ Teh grew up as an academic all-rounder (it helped that his mother was a teacher) with an aptitude for mathematics, science and technology, as well as a love for art and drawing. “At a young age, what I really liked was innovation,” he recalls. “I began looking up to superheroes like Iron Man, Superman, and Batman when I was about eight or nine, so I’d draw them and imagine being a superhero too. It wasn’t their superpowers that I wished for, but I really wanted to solve problems and fight villains.

fusionex founder

“As I got older, I understood that I couldn’t become a superhero in real life, but I still admired Iron Man for his innovation and creativity, where he could bring things like art and science together, the way I wanted to. That’s science technology.” This inevitably drew him towards a degree in computer science, which in itself became a springboard from which to enter the IT industry, propelling him towards managerial positions in multinational companies including Hewlett-Packard, Intel and Accenture.

“When I started working in these organisations, we’d be flooded with a tsunami of data and the problems that stemmed from it, like hospitals and medical centres, where I’d observe long queues and inefficiencies. I thought to myself, ‘What can I use or do using technology and a combination of skillsets to make life better, faster and more efficient? What can I do to change the world?’ These were eureka moments for me and, obviously, it’s important to have a vision – but how do you execute it?” It was only during a badminton game with some of his friends, who were in similar industries, that things began to get moving.

“At one of the sessions, we recognised there were a lot of problems across industries, where people were spending lots of money and yet waiting times at retail outlets, banks, telcos and airlines were bad. A few of us said: ‘There must be a better way of doing this – it can’t be all that bad. We have to be able to challenge the status quo and find a better way forward.’ We wanted to start things together, but many of my friends back then had their own careers and livelihoods to look after, and some of them were about to get married.

“I said: ‘It could be a big risk for you. Would it be something you want to do? Why don’t you let me try it for a couple of months and validate the idea that the demand is actually there? Once we’ve proven that there’s a market for what we’re offering and the business model really works, I’ll invite you to come on board.’ And that’s what I did.” It was – for a time – very much a one-man show, where Dato’ Teh had to do everything from coding software to searching for clients. No stranger to hard work (as a 10-year-old, at his father’s insistence, his school holidays were spent selling bedsheets at textile stores and pasar malams), he persevered.

“For a couple of months, I navigated the waters, finding ways to ensure our skills and ideas would be accepted in the market – which they weren’t, by the way. That was painful. People wanted a track record. But slowly, we started to gain traction and got our first few breakthroughs after six to nine months, thereby validating our model. Once we were more stable and had our first customers, I wanted Fusionex to grow and accelerate, and I couldn’t do that alone. That’s why most of the pioneering team – there were about five of us who started this – are still with us today as we continue to invite more people into the Fusionex family.”

WE COULD BE HEROES
The company’s seemingly light-hearted nickname for its workspace, the ‘Office of Superheroes’, appears to be half a vision of the future and half a teenage boy’s fantasy bedroom when you wander through it, for all the Marvel and DC Comics memorabilia in plain sight. There’s even a sizeable karaoke room with a professional sound system, in which Dato’ Teh shows that he’s not microphone-shy, either. (For the record, he does an excellent rendition of You Raise Me Up, and could give Ed Sheeran a run for his money, too.) But for all the office’s creature comforts, Fusionex’s team – which now consists of over 550 staff – works as hard as it plays.

“It’s an amalgamation of different types of ideas and technology, where villains are no longer beasts or monsters – they’re problems,” he says. “My parents taught me to understand how to bring things together and comprehend the real-world problems that people face. So, where you see poverty, difficulties in various situations, disasters or explosions, how do you use technology and innovation to overcome all of these problems? How do you manifest the qualities of a superhero in real life? That’s what we’re all about.” To illustrate the nature of Fusionex’s operations, he posits the company not just as a source of invention, but a sorter of information – an intelligent base that cuts through all things complex and incomprehensible.

“In any organisation, there are so many problems to pinpoint. In a manufacturing business, you want to ensure you minimise defects and downtime – some of these can have huge financial implications when there are quality issues or a whole batch of goods need to be returned. More severely, if you’re in a chemical plant and have a problem – say, you don’t detect a drastic increase in temperature – it can result in a hazardous explosion that could cause fatalities. What we do for our clients is identify their problems together with them, because we don’t know everything, so we have to operate in a consultative way.

“But we work with them in a diligent and very focused manner. Fusionex combines its technology with the expertise of our team to solve a client’s problems using data technology. We believe data is the new crude oil. It’s something that is extremely important, but will remain raw data unless we collect, store, process and analyse that data so that it becomes meaningful and insightful to our customers. It gives them foresight as to what they should do, based on what happened in the past, so they can plan better for the future. That’s what we do for our clients, all of whom come in different shapes and sizes, big and small.”

Gone are the days when Fusionex Founder Dato’ Teh would have to persuade potential clients to give Fusionex even a passing glance – although that may, in part, be due to a heavyweight replica of Thor’s hammer, Mjölnir, which resides in his office (“I don’t have to say much when I’ve got it in my hand,” he smiles). The company’s client roster now includes significant local and international clients such as Starwood, Ritz Carlton, Marriot, CIMB Group, American Airlines, Dell, Intel, Fedex, AEON and Malaysia Airlines, spanning a diverse variety of industries – all of them looking to Fusionex to give them the cutting-edge insights they need.

“Different industries will be different, but the crux of it is that data still resides across all industries, and when we take a look at it – as we draw parallels and compare one industry to another – while they’re adjacent, there are similarities as well,” he expounds. “From day one, our mantra was to solve problems. It wasn’t to go out there and sell a box or sell hardware – that doesn’t motivate me. We wouldn’t have been able to create new jobs or more ideation, which is what lies in Fusionex’s DNA – that fusion between business, technology and the excellence of the experience.”

To read more: http://thepeak.com.my/people/time-for-heroes-dato-seri-ivan-teh-the-ceo-of-fusionex-reminds-us-that-not-all-heroes-wear-capes/