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Daily Archives: February 5, 2019

Traditional cost-cutting measures aren’t enough to solve current profitability crisis in Financial Services industry

NEW YORK, Feb. 05, 2019 (GLOBE NEWSWIRE) — In a new report titled: The productivity agenda – moving beyond cost reduction in financial services, PwC sets out the important challenges and opportunities facing the financial services industry and the ways in which senior executives should respond if they wish to move beyond simple cost cutting and improve profitability in the long term.

With banks struggling to improve their return on capital, many institutions are being forced to restructure and cut costs. Even in the asset management industry, where ROE is higher than the financial services industry as a whole, there is downward pressure on margins and profitability. Cost cutting will only deliver so much. If financial institutions are to improve profitability in the long term they need to fundamentally improve the productivity of the enterprise.

John Garvey, Global Financial Services Leader for PwC stated that:

“The cost cutting agenda adopted by many institutions since the financial crisis has, in essence, de-globalised the industry to make it more local or national, shrunk global footprints, divested businesses, and shed clients. However, this process has run its course.  If profitability is to get anywhere near the highs of fifteen years ago, what’s needed now is a fundamental focus on building a sustainable productive business model that can compete with both incumbent institutions and digital-only competitors.”

Based on a detailed survey of the global financial services industry, PwC has identified six areas where financial institutions can focus their productivity efforts to boost long term sustainable profitability:

1: Better understanding the workforce
Our experience indicates that by simply tracking hours by task, organisations can improve productivity by 15% to 20%, and the implementation of service catalogues and multi-tier sourcing can bring another 20% improvement.Of the organisations that didn’t track work by hours and tasks, 62% believed such tracking would yield productivity benefits.

2: Rethinking change functions
Forty per cent of financial institutions are spending 20% of their entire budget on so-called ‘change-the-institution’ efforts.  However only 15% said they were satisfied with their ability to execute change.

3: Embracing the platform economy
Only 21% of financial institutions employ crowdsourcing tools today. Platforms can run challenges that tap the collective brainpower and resources of a crowd, driven by a sense of competition to develop the best response. We predict that gig employees will perform 15% to 20% of the work of a typical institution within five years. This translates into significant cost savings across the board, along with the potential to improve the level of talent and innovation delivered from the employee base.

4: Improving workforce digital IQ
As people live and work longer, and unemployment rates remain low, digital training and retraining of existing workforces is particularly crucial. Despite its importance, research shows that current efforts are not achieving the desired results. Of the financial-services leaders polled in PwC’s 2018 CEO Survey, 75% reported they were concerned about shortages of digital skills within the industry.

5: Bringing an agile mind-set to the mainstream
To keep up with digital-only competitors and rapidly deliver a seamless and instant customer experience, 77% of financial institutions are turning to agile somewhere in their organizations.

6: Mastering digital labour          
Over 50% of CEOs believe artificial intelligence (AI) will have a bigger impact than the internet.  Getting the balance right between tasks performed by AI and tasks performed by people will be key to future success for financial institutions.

“It is clear what financial institutions need to do to build future profitability and to remain competitive.  However doing it and making the necessary changes will be a huge challenge. Very soon we will start to see which CEOs have taken the productivity agenda seriously”, added John Garvey.

Notes to editors:

Find the full report: https://www.pwc.com/fsproductivity

Follow us on twitter:  @PwC

About the research
The report sets out the important challenges and opportunities facing the financial services industry and the ways in which senior executives should respond if they wish to move beyond simple cost cutting and improve profitability in the long term.

As a result of a detailed survey, it identifies six areas where financial institutions can focus their productivity efforts to boost long term sustainable profitability.

About PwC
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 158 countries with over 250,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.

© 2018 PwC. All rights reserved

Contact:

Marian Diyaolu, Global Communications
m: +44 (0)7483407064
e: marian.diyaolu@pwc.com

StackPath Launches Edge Computing Containers and VMs

Enables customers to optimize latency-sensitive workloads for higher security, lower costs, and superior end-user experiences

DALLAS, Feb. 05, 2019 (GLOBE NEWSWIRE) — StackPath, the world’s first secure edge platform, today announced the launch of StackPath Edge Computing Containers and Virtual Machines (VMs). StackPath customers can now deploy and manage their own workloads in any StackPath edge node worldwide. This lets them put applications and services closer to their end users than ever by leveraging more geographically-diverse points of presence (PoPs) than centralized public clouds. The higher proximity makes StackPath Edge Computing ideal for workloads that require near-immediate response times, ranging from security technology to media delivery, IoT, ad tech, and finance.

“The Internet has grown bigger and bigger but, from an end user or client perspective, it hasn’t grown closer and closer,” said Lance Crosby, StackPath cofounder and CEO. “The most secure and innovative applications today need to get data back and forth—and processed in between—faster. You don’t want security requests or urgent data hopping around the world. That’s what StackPath Edge Computing is all about. Process it faster, safer. Right at the edge.”

StackPath Edge Computing lets customers simply upload an image of their workload to the StackPath platform, choose a size of containers or VMs, and then select in which advanced StackPath edge nodes the workload should be deployed. The workload is then deployed worldwide in as fast as 60 seconds.

“As we collaborated with our customers during development, it’s been amazing to hear their ideas for using edge containers and VMs,” said Ben Gabler, StackPath Chief Product Officer. “Some will deploy at the edge virtual appliances that they can then sell to their own customer base. Others are creating new, even more dynamic ways to personalize the content that they deliver to their end users. A financial institution is even exploring how it can enhance their high-frequency practices. The use cases are endless.”

StackPath Edge Computing features include:

  • Anycast IP: distribute traffic to the container or VM in the closest edge node to optimize cost and performance
  • Hardware offload: offload select processing tasks such as network datapath processing from CPU to server SmartNICs
  • Built-in CPU and RAM Monitoring: view and report up to 24 hours of performance data through API or customizable web UI
  • Security groups: set specific controls of network traffic before it reaches edge computing workloads
  • Seamless integration withStackPath edge services: leverage low latency access to other StackPath secure edge services including CDN, DNS, WAF, monitoring, and more

Additionally, StackPath Edge Computing leverages all the advantages of the company’s high-performance global network, including:

  • 45 full-stack edge locations
  • 65+Tbps total network capacity
  • Platform-wide layer 3-5 DDoS protection
  • Private network backbone between all edge locations
  • 26+ tier 1 transit providers
  • 2,700+ peering partners
  • 55,000+ visible ASNs

“The edge is not a replacement of cloud. It’s the evolution. With 5G on the rise and IoT growing massively, leveraging the power of the edge is crucial for practically any internet-centric business,” said Mr. Crosby. “You don’t need to move all of your operations to the edge, but part of almost any application can be run at the edge to reduce overall traffic costs, increase visibility and control, and improve end-user experiences.”

StackPath Edge Computing Containers and VMs complement the recently released StackPath EdgeEngine™, a simple yet powerful serverless computing service that lets developers run code at the cloud’s edge without a server, virtual machine, or container. “EdgeEngine has taken off like a rocket,” said Mr. Gabler. “The volume of requests coming through EdgeEngine has broken every weekly goal since launch.”

StackPath Edge Computing Containers and VMs are available starting today. Container and VM instances are priced based on size (Cores, RAM, and root disk) starting at $0.091579/hour with one-world pricing for all StackPath edge nodes. See full pricing details online. Contact the expert StackPath sales and solutions team to get started or learn more.

About StackPath
StackPath is a platform of secure edge services that enables developers to protect, accelerate, and innovate cloud properties ranging from websites to media delivery and IoT services. With an innovative global edge network infrastructure, StackPath delivers enterprise-grade security and performance in a frictionless, on-demand platform with cloud-scale control and flexibility. More than one million customers, including early-stage and Fortune 100 companies, use StackPath services. StackPath is headquartered in Dallas and has offices across the U.S. and around the world. For more information, visit stackpath.com and follow StackPath at www.fb.com/stackpathllc and www.twitter.com/stackpath

For more information, media and analysts may contact:
Susie McDonald
StackPath
VP, Corporate Communications
susan.mcdonald@stackpath.com
503-806-3841

EVOLV Debuts Digital Currency and Blockchain Events Company

Inaugural HODL Rally, Vegas Blockchain Week and World Crypto Conference Featured in Lineup of 2019 Events

LAS VEGAS, Feb. 05, 2019 (GLOBE NEWSWIRE) — via CryptoCurrencyWire — A new force in the blockchain and digital currency event sector has been unveiled today with the launch of EVOLV, a production company dedicated to delivering the world’s most immersive and experiential gatherings. The company debuts with a year-round roster of industry events, including HODL Rally with supercars across Europe, Vegas Blockchain Week, and a return of the highly anticipated, second annual World Crypto Conference featuring expanded World of Mining tracks and the world’s first-ever multi-blockchain developer conference and hackathon.

From the founders behind the successful World Crypto Conference, EVOLV is establishing a series of premier events that educate attendees on the latest news in the ever-changing blockchain technology industry.

“We created EVOLV to unify the blockchain community under one central umbrella of events,” said Adam Williams, CEO of EVOLV. “Our focus is to create highly impactful experiences that educate enthusiasts and bring together elite thought leaders from around the globe to ‘reduce tribalism’ and push innovation in blockchain technology and digital currency to the next level.”

This year, EVOLV events include:

  • HODL Rally: The world’s first cryptocurrency-inspired supercar rally. This 8-day networking supercar rally across the European continent will be filled with crypto-themed experiences, including Barcelona Blockchain Summit, a week-long series that features executives from all around Europe to showcase solutions and real-life use cases of blockchain technology, events, extravagant parties, and plenty of supercars.
  • Vegas Blockchain Week:  Vegas Blockchain Week returns this year on the week of October 26th through November 1st bringing new advancements, lively debates, and discussion of opportunity, innovation, change and growth in employment, finance, healthcare, advanced science and the arts. The seven-day event will include summits and gatherings from top digital currency companies, which will be announced in the coming months.
  • World Crypto Conference (WCC): Rounding out Vegas Blockchain Week will be the second annual World Crypto Conference. Following up on a successful debut, the conference experience is back bigger and better than ever as the industry’s first ever multi blockchain developer conference and hackathon. Notable new additions to the conference include WCC DEV CON, expanded World of Mining and World Crypto Poker Tournament experiences, as well as discussions from thought leaders from enterprise companies.

“If the blockchain community wishes to protect what has been built as decentralized infrastructure and work toward a successful future, we must constantly have events that evolve, stay relevant and are inclusive of all the participating tech in the space, until we achieve mass adoption and deliver on the opportunity of cryptocurrency and blockchain,” added Eric Spire, co-founder of EVOLV.

For more information about EVOLV and its complete roster of events, please visit https://evolv.events/.

Press Contact:
Clarity PR
Maria Jung
worldcryptocon@clarity.pr
646.934.6924

CryptoCurrencyWire (CCW) Contact:
New York, New York
www.CryptoCurrencyWire.com
212.418.1217
Editor@CryptoCurrencyWire.com

About EVOLV
EVOLV is an events production company that creates events that offer global stages for industry leaders to share their projects and technologies with investors, experts, developers, businesses and attendees who are using blockchain and cryptocurrency to redefine our everyday lives. EVOLV is the parent company that debuted World Crypto Conference, the first experiential conference for the cryptocurrency and blockchain space.

Find EVOLV on Facebook, follow us on Twitter, or visit our blog to learn more. More information can be found on https://evolv.events/.

EVOLV Debuts Digital Currency and Blockchain Events Company

Inaugural HODL Rally, Vegas Blockchain Week and World Crypto Conference Featured in Lineup of 2019 Events

LAS VEGAS, Feb. 05, 2019 (GLOBE NEWSWIRE) — via CryptoCurrencyWire — A new force in the blockchain and digital currency event sector has been unveiled today with the launch of EVOLV, a production company dedicated to delivering the world’s most immersive and experiential gatherings. The company debuts with a year-round roster of industry events, including HODL Rally with supercars across Europe, Vegas Blockchain Week, and a return of the highly anticipated, second annual World Crypto Conference featuring expanded World of Mining tracks and the world’s first-ever multi-blockchain developer conference and hackathon.

From the founders behind the successful World Crypto Conference, EVOLV is establishing a series of premier events that educate attendees on the latest news in the ever-changing blockchain technology industry.

“We created EVOLV to unify the blockchain community under one central umbrella of events,” said Adam Williams, CEO of EVOLV. “Our focus is to create highly impactful experiences that educate enthusiasts and bring together elite thought leaders from around the globe to ‘reduce tribalism’ and push innovation in blockchain technology and digital currency to the next level.”

This year, EVOLV events include:

  • HODL Rally: The world’s first cryptocurrency-inspired supercar rally. This 8-day networking supercar rally across the European continent will be filled with crypto-themed experiences, including Barcelona Blockchain Summit, a week-long series that features executives from all around Europe to showcase solutions and real-life use cases of blockchain technology, events, extravagant parties, and plenty of supercars.
  • Vegas Blockchain Week:  Vegas Blockchain Week returns this year on the week of October 26th through November 1st bringing new advancements, lively debates, and discussion of opportunity, innovation, change and growth in employment, finance, healthcare, advanced science and the arts. The seven-day event will include summits and gatherings from top digital currency companies, which will be announced in the coming months.
  • World Crypto Conference (WCC): Rounding out Vegas Blockchain Week will be the second annual World Crypto Conference. Following up on a successful debut, the conference experience is back bigger and better than ever as the industry’s first ever multi blockchain developer conference and hackathon. Notable new additions to the conference include WCC DEV CON, expanded World of Mining and World Crypto Poker Tournament experiences, as well as discussions from thought leaders from enterprise companies.

“If the blockchain community wishes to protect what has been built as decentralized infrastructure and work toward a successful future, we must constantly have events that evolve, stay relevant and are inclusive of all the participating tech in the space, until we achieve mass adoption and deliver on the opportunity of cryptocurrency and blockchain,” added Eric Spire, co-founder of EVOLV.

For more information about EVOLV and its complete roster of events, please visit https://evolv.events/.

Press Contact:
Clarity PR
Maria Jung
worldcryptocon@clarity.pr
646.934.6924

CryptoCurrencyWire (CCW) Contact:
New York, New York
www.CryptoCurrencyWire.com
212.418.1217
Editor@CryptoCurrencyWire.com

About EVOLV
EVOLV is an events production company that creates events that offer global stages for industry leaders to share their projects and technologies with investors, experts, developers, businesses and attendees who are using blockchain and cryptocurrency to redefine our everyday lives. EVOLV is the parent company that debuted World Crypto Conference, the first experiential conference for the cryptocurrency and blockchain space.

Find EVOLV on Facebook, follow us on Twitter, or visit our blog to learn more. More information can be found on https://evolv.events/.

EVOLV Debuts Digital Currency and Blockchain Events Company

Inaugural HODL Rally, Vegas Blockchain Week and World Crypto Conference Featured in Lineup of 2019 Events

LAS VEGAS, Feb. 05, 2019 (GLOBE NEWSWIRE) — via CryptoCurrencyWire — A new force in the blockchain and digital currency event sector has been unveiled today with the launch of EVOLV, a production company dedicated to delivering the world’s most immersive and experiential gatherings. The company debuts with a year-round roster of industry events, including HODL Rally with supercars across Europe, Vegas Blockchain Week, and a return of the highly anticipated, second annual World Crypto Conference featuring expanded World of Mining tracks and the world’s first-ever multi-blockchain developer conference and hackathon.

From the founders behind the successful World Crypto Conference, EVOLV is establishing a series of premier events that educate attendees on the latest news in the ever-changing blockchain technology industry.

“We created EVOLV to unify the blockchain community under one central umbrella of events,” said Adam Williams, CEO of EVOLV. “Our focus is to create highly impactful experiences that educate enthusiasts and bring together elite thought leaders from around the globe to ‘reduce tribalism’ and push innovation in blockchain technology and digital currency to the next level.”

This year, EVOLV events include:

  • HODL Rally: The world’s first cryptocurrency-inspired supercar rally. This 8-day networking supercar rally across the European continent will be filled with crypto-themed experiences, including Barcelona Blockchain Summit, a week-long series that features executives from all around Europe to showcase solutions and real-life use cases of blockchain technology, events, extravagant parties, and plenty of supercars.
  • Vegas Blockchain Week:  Vegas Blockchain Week returns this year on the week of October 26th through November 1st bringing new advancements, lively debates, and discussion of opportunity, innovation, change and growth in employment, finance, healthcare, advanced science and the arts. The seven-day event will include summits and gatherings from top digital currency companies, which will be announced in the coming months.
  • World Crypto Conference (WCC): Rounding out Vegas Blockchain Week will be the second annual World Crypto Conference. Following up on a successful debut, the conference experience is back bigger and better than ever as the industry’s first ever multi blockchain developer conference and hackathon. Notable new additions to the conference include WCC DEV CON, expanded World of Mining and World Crypto Poker Tournament experiences, as well as discussions from thought leaders from enterprise companies.

“If the blockchain community wishes to protect what has been built as decentralized infrastructure and work toward a successful future, we must constantly have events that evolve, stay relevant and are inclusive of all the participating tech in the space, until we achieve mass adoption and deliver on the opportunity of cryptocurrency and blockchain,” added Eric Spire, co-founder of EVOLV.

For more information about EVOLV and its complete roster of events, please visit https://evolv.events/.

Press Contact:
Clarity PR
Maria Jung
worldcryptocon@clarity.pr
646.934.6924

CryptoCurrencyWire (CCW) Contact:
New York, New York
www.CryptoCurrencyWire.com
212.418.1217
Editor@CryptoCurrencyWire.com

About EVOLV
EVOLV is an events production company that creates events that offer global stages for industry leaders to share their projects and technologies with investors, experts, developers, businesses and attendees who are using blockchain and cryptocurrency to redefine our everyday lives. EVOLV is the parent company that debuted World Crypto Conference, the first experiential conference for the cryptocurrency and blockchain space.

Find EVOLV on Facebook, follow us on Twitter, or visit our blog to learn more. More information can be found on https://evolv.events/.

DNA Diagnostics Center®, an Established Global Leader in Diagnostic and Genetic Testing, Names Scott Cramer President and Chief Executive Officer

Fairfield, OH, Feb. 05, 2019 (GLOBE NEWSWIRE) — The Board of Directors of DNA Diagnostics Center® (DDC®) announces that Scott Cramer has joined DDC as president, chief executive officer, and a member of the company’s Board of Directors. Mr. Cramer is a seasoned executive with over 30 years’ experience in corporate leadership, commercialization, sales, and marketing management, most recently as president and CEO of Accriva Diagnostics, a global specialty diagnostics company. During his tenure at the helm of Accriva, Mr. Cramer led the company’s expansion and oversaw its $380 million acquisition by Werfen in January 2017.

Commenting on his appointment, Lori Marcus, chair of the DDC Board of Directors, states, “Mr. Cramer has a proven track record of developing products and expanding services at global medical device and diagnostic companies, as exemplified by his work at Accriva. Importantly, he has a demonstrated record of providing excellent service to customers, partners, and patients. The Board of Directors and I welcome Mr. Cramer to the team and look forward to working with him as we advance our corporate efforts to grow the business.”

Before joining Accriva Diagnostics, Mr. Cramer served as president and CEO of several global medical device and diagnostic companies including Novasys Medical, a company in the female incontinence space that was acquired by Roper Industries in December 2012, and Bacchus Vascular, Inc., a vascular disease treatment company that was acquired by Covidien plc in March 2009. Previously, Mr. Cramer was senior vice-president of U.S. Sales and Account Services for VNUS Medical Technologies, which was also acquired by Covidient plc. Earlier in his career, Mr. Cramer gained extensive sales and leadership experience at EndoSonics Corporation (that later became Volcano Corporation), Cardiometrics, Inc., a medical device company (acquired by Endosonics Corporation), and at Baxter Healthcare Corporation’s cardiovascular division.

Mr. Cramer adds, “I am excited to join DDC to help expand the business into new markets and channels—adding products to advance our global position and building the company through acquisitions and new strategic partnerships.”

About DNA Diagnostics Center (DDC):

Founded in 1995, DDC is one of the largest private DNA-testing companies, offering diagnostic and genetic tests to help answer relationship, fertility, and health and wellness questions.

DDC provides products approved by the FDA and EMA, and is accredited by the American Association of Blood Banks (AABB), The Ministry of Justice, The College of American Pathologists (CAP), and The Clinical Laboratory Improvement Amendment (CLIA). DDC is also accredited by ACLASS to meet the international standards of ISO 17025 and the American Society of Crime Laboratory Directors / Laboratory Accreditation Board-International (ASCLD/LAB).

For more information, visit dnacenter.com .

Attachments

DDC
513-881-4056
press@dnacenter.com

DRGT USA Announces Appointment of Dr. Elizabeth Manning Duus, as Executive Director of Clinical Development

NEW YORK, Feb. 05, 2019 (GLOBE NEWSWIRE) — Druggability Technologies USA today announced the expansion of the clinical team, with the addition of Dr. Elizabeth Manning Duus, who has been named Executive Director, Clinical Development.

Druggability Technologies USA has been engaged by Druggability Technologies Holdings (DRGT) to assist with the clinical development of all human trials. DRGT utilizes its proprietary Super-API technology to generate high-value pharmaceutical products that deliver clinically meaningful improvement in efficacy and safety. In 2019, the Company initiates 8 pivotal clinical programs in various indications such as oncology, pain management, proctology and erectile dysfunction.

Elizabeth Manning Duus, PhD, brings 13 years of clinical research experience in the biopharmaceutical industry to DRGT USA. Most recently, she served as Senior Director, Clinical Research & Strategy at Helsinn Therapeutics (U.S.), Inc.  Over the past 8 years at Helsinn, Dr. Duus has led the clinical strategy for oncology-related compounds in development, contributed to global regulatory engagements, supported clinical operations and biostatistics, managed medical writing activities, and oversaw investigator-initiated and collaborative studies in the US. She has also held positions of increasing responsibility at Akros Pharma Inc and Avantix Laboratories.  After receiving an undergraduate degree in biology from the University of Delaware, Dr. Duus earned her PhD in pharmacology and molecular sciences from the Johns Hopkins University School of Medicine.

Dr. Duus’ addition to DRGT USA continues the expansion of the clinical team, which began with Dr. John Friend in November 2018 as Chief Medical Officer.” We are very pleased to welcome Dr. Duus to the DRGT USA team. She brings a wealth of clinical development experience which will be invaluable as we rapidly initiate multiple clinical trials spanning various therapeutic areas,” said Dr. Friend.

About DRGT

DRGT is a specialty pharmaceutical company dedicated to the development and commercialization of high-value proprietary drugs that deliver measurable and meaningful improvements in clinical utility.
DRGT utilizes its proprietary Super-API drug development platform to carefully select and screen drugs and develop their Super-API compositions. The Company’s Super-API portfolio contains 30 compounds in various indications. Super-API drugs are protected by global composition of matter IP.
DRGT is incorporated in Ireland with R&D facilities in Budapest, Hungary. The corporation was founded by Dr. Ferenc Darvas, Chairman of the oldest Hungarian upstream-technology network.

Contact:
Gábor Heltovics, CEO
E-mail: info@drgtco.com
Phone: +36-1-5779-300
http://www.drgtco.com