Category: Press Releases

Australian new digital business bank redefines banking experience to enhance offerings for small and medium-sized businesses

SYDNEY, Australia, Sept. 26, 2022 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that Avenue Bank, an Australian start-up digital business bank specialising in serving small and medium-size businesses, is live on the nCino Bank Operating System^®. Avenue Bank deployed nCino’s Commercial Banking Solution to support customer onboarding, origination, credit risk management and customer 360 view—providing their employees with key insights and the automation necessary to deliver a faster response and seamless experience for their customers.

“nCino embedded their high-quality solution into our greenfield digital strategy in just over 4 months. With their guidance, we’ve been able to design products and implement best-in-class technology to meet our needs—and the needs of our target customers,” said George Confos, CEO and Executive Director. “As a cloud-based, digital product-led business like nCino, our values and mission make this partnership a win-win for not just our customers, but for our people, too. nCino’s team was highly engaged throughout the entire project, making our team confident that Avenue Bank’s success was their top priority.”

Small and medium-sized enterprise (SME) businesses are a fundamental part of the global economy. nCino’s platform supports both the financial institution and the customer from the very beginning, to deliver an efficient, end-to-end banking relationship, enhancing customer relationships and increasing loan profitability and response time. nCino’s single platform helps drive Avenue Bank’s digital strategy that focuses on making timely, quality decisions and operating within a high-tech, low-touch environment.

“Across the industry, financial institutions can add significant value by adopting digital technologies like nCino to deliver faster customers insights, respond more quickly to new market trends, and scale efficiently to stay ahead of the competition,” said Mark Bernhardi, Managing Director of Australia and New Zealand at nCino. “It’s always an exciting opportunity to partner with another entrepreneurial and progressive organisation such as Avenue Bank and provide new and innovative ways to better serve their customers. Avenue is on a mission to exceed the business banking standards across the Australian market, and nCino’s platform is helping to fulfil that goal.”

About nCino
nCino (NASDAQ: NCNO) is the worldwide leader in cloud banking. The nCino Bank Operating System^® empowers financial institutions with scalable technology to help them achieve revenue growth, greater efficiency, cost savings and regulatory compliance. In a digital-first world, nCino’s single cloud-based platform enhances the employee and client experience to enable financial institutions to more effectively onboard clients, make loans and manage the entire loan life cycle, and open deposit and other accounts across lines of business and channels. Transforming how financial institutions operate through innovation, reputation and speed, nCino is partnered with more than 1,750 financial institutions of all types and sizes on a global basis. For more information, visit www.ncino.com.

About Avenue Bank
Avenue Bank is a digital business bank, built for small to medium Australian businesses of the 21^st century. Our mission is to put money in the hands of businesses. We’re intent on recreating the entire experience of what it means to be a business bank. Small businesses want banking solutions which meet their needs, which is why we’ve developed smarter, digitally-enabled products to free up cash, so Aussie businesses can do more with their money. Australian businesses are our sole focus and we’re determined to do things differently to help all our small business customers. Avenue Bank: Business banking done differently. To find out more visit www.avenuebank.com.au.

Media Contacts
North America
Ryan Kelly
+1 732.770.5942
ryan.kelly@ncino.com

APAC
Catalina Garcia, nCino
+61 418 215 423
catalina.garcia@ncino.com

This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release.  Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, among others, risks and uncertainties relating to the market adoption of our solution and privacy and data security matters. Additional risks and uncertainties that could affect nCino’s business and financial results are included in reports filed by nCino with the U.S. Securities and Exchange Commission (available on our web site at www.ncino.com or the SEC’s web site at www.sec.gov). Further information on potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to time.

TEWKSBURY, Mass., Sept. 26, 2022 (GLOBE NEWSWIRE) — Cambridge Isotope Laboratories, Inc. (CIL) has partnered with ISOtopic Solutions to release the new stable isotope-labeled and unlabeled Crude Lipid Yeast Extracts. These are designed to render hundreds of fatty acids and lipids for use in MS lipidomics research and development.

Andrew Percy (Ph.D.), CIL’s MS ‘Omics Product Manager and Senior Applications Scientist for Mass Spectrometry, states: “These analytes are broadly dispersed across a multitude of metabolic classes and pathways. This represents the largest panel of stable isotope-labeled standards commercially available in a single mix for targeted profiling and relative quantification of the lipidome.”

Andrew goes on to say: “A major benefit of the stable isotope-labeled lipid yeast extract is that the fatty acids and lipids are uniformly ¹³C-labeled at high isotopic enrichment. ¹³C labeling provides superior isotopic stability and analytical reliability as compared to ²H (or deuterium) labeling.”

Gerrit Hermann (Ph.D.), founder and CEO of ISOtopic Solutions, states: “Up to now, the lack of suitable internal standards has been one of the major limiting factors to achieve absolute quantitation in the field of lipidomics. The use of internal standards is a prerequisite to ensure high precision and accuracy, as well as to correct for errors introduced during sample preparation procedures. However, due to the high number and structural diversity of lipid molecules, it is almost impossible to ensure molecule-specific stable isotope-labeled internal standardization. This explains why class-specific internal standards have been used to date. This U-¹³C-labeled lipid yeast extract might enable these shortcomings to be overcome. In fact, these U-¹³C-labeled yeast cell extracts have already been widely used in microbiological metabolism studies, including targeted quantitative metabolite profiling.”

Overall, these lipid yeast extract mixes (Cat nos. L-ISO1 and L-ISO1-UNL) are well suited for researchers performing MS lipidomics and integrative MS ‘Omics (involving lipidomics). Both of these products are available exclusively through CIL. To learn more about these new Crude Lipid Yeast Extracts, as well as the established Metabolite Yeast Extracts (Cat nos. ISO1 and ISO1-UNL), please visit isotope.com.

About Cambridge Isotope Laboratories, Inc.

CIL is the world’s largest manufacturer and global supplier of stable isotopes and stable isotope-labeled compounds used in research, environmental, neonatal, pharmaceutical, medical diagnostic, OLED, and industrial markets. CIL is an operating business owned by Otsuka Pharmaceuticals. The CIL business consists of two facilities in the Boston area of MA; a large isotope-enrichment production plant in Xenia, OH; CIL China; CIL Canada; ABX in Dresden, Germany; and Eurisotop in Saclay, France. For more information on CIL, visit isotope.com.

About Isotopic Solutions 

ISOtopic Solutions was founded as an analytical-biotechnological university spin-off from the University of Vienna. The ISOtopic Solutions product line consists of stable isotope-labeled biomolecules and labeled biomass for the standardization and validation of mass spectrometric analysis methods. As a clear mission statement, ISOtopic Solutions’ intention is to advance the scientific field by providing effective solutions to scientists and to people working in the field of analytical chemistry. For more information, visit isotopic-solutions.com.

Contact Information:
Crissy Krisko
crissyk@isotope.com
1.978.749.8000

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ZHUCHENG, China, Sept. 26, 2022 (GLOBE NEWSWIRE) — Thanks to a dedicated team and decade-long commitment to intense agricultural science and research, HOWTIAN is proud to officially announce a critical milestone in their endeavour to create natural, accessible food & nutrition products for the masses.

HOWTIAN has achieved up to 12% average Reb A yield this season – the highest ever in the industry and a significant turning point as stevia costs approach parity with artificial sweeteners.

Natural solutions for everyone — this is more than an ideal, but rather a commitment the founder of HOWTIAN, Zhu Liping, made at the company’s start in 1999. Through his travels and remote explorations, he understood nature as the answer for everything and believed its benefits shouldn’t be limited to those with greater means. This philosophy remains intact decades later. In fact, it was the driving force behind the founding of HOWTIAN’s stevia ventures in 2009 and the drive for Project Shennong.

Project Shennong began at a time when different steviol glycoside (the sweet component of stevia) processing technologies were emerging worldwide. In this growth period however, HOWTIAN saw many divert from the natural-leaf extraction technology and start to compromise the naturalness of their manufactured stevia for cost savings.

Over the past 10 years, HOWTIAN chose a different path in launching Project Shennong. They decided to set themselves apart and offer solutions that keep natural principles at the forefront, while also achieving an affordable cost by:

• Investing in R&D to develop higher steviol glycoside yielding plant varieties
• Testing and scaling them for mass production

“Ten years ago, the average Reb A yield of the stevia plant was about 4.0% and has increased to about 7.0% over the years. We are delighted to announce that this season, we have achieved a minimum of 9.5% Reb A yield, with some plants as high as 12% average yield, which is the highest ever seen in the stevia industry,” says Tom Fuzer, VP of Market Strategy at HOWTIAN.

This accomplishment is groundbreaking for food and beverage manufacturers who were unable to justify the more expensive price tag of stevia – historically 6 to 15 times the cost of artificial sweeteners. Thanks to Project Shennong and HOWTIAN’s newest stevia variants, the cost in use of stevia is quickly approaching parity with traditional artificial sugar substitutes.

“Companies once compelled by cost constraints to choose artificial sweeteners now no longer need to compromise. We anticipate the adoption of stevia to accelerate significantly in the most price sensitive markets, including beverages, snacking and sports nutrition,” notes Fuzer. “We are proud to be at the forefront of the industry and to lead the innovations that’ll drive mass market adoption of natural ingredient solutions like stevia.”

With production capacity of 8,000 metric tons, HOWTIAN — formerly operating as Zhucheng Haotian Pharma Co. Ltd (ZCHT) and maker of SoPure^TM Stevia — is the largest stevia manufacturer in the world.

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

Contact Information:
Joseph Tam
Media Relations
press@howtiangroup.com

Tom Fuzer
VP, Market Strategy
tomfuzer@howtiangroup.com

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e2log Founder and CEO, Adolph Colaco, and Wipro Associate Vice President & Global Head, Supply Chain Practice, Sanil Mahajan, to co-present on how composable supply chains of the future will be powered by technologies that enable end-to-end orchestration of international logistics.

HOUSTON, Sept. 26, 2022 (GLOBE NEWSWIRE) — e2log Founder & CEO, Adolph Colaco, and Wipro Associate Vice President & Global Head, Supply Chain Practice, Sanil Mahajan, will co-present, “How Technology Accelerates Logistics Engines That Drive Global Supply Chains” at the Gartner Supply Chain Symposium/Xpo 2022, in London on September 29.

“International logistics is the tail that wags the global supply chain dog. Point solutions like visibility and booking platforms or even traditional TMS don’t adequately handle the complexity and challenges of international logistics. Platforms that enable end-to-end orchestration will streamline international logistics and unlock value for global supply chains,” said Colaco.

“We are excited to be collaborating with e2log to provide technology-enabled solutions, integrated with Wipro’s extensive Supply Chain operational capabilities, that allow international logisticians to reduce their reliance on time-consuming manual work across fragmented systems. It will transform their function into one that’s more data-driven and strategic,” said Mahajan.

Colaco and Mahajan will provide behind-the-scenes insight into the value that an orchestrated end-to-end international logistics model provides, coupled with exclusive insight into the outcomes that can be achieved.

Learn more about orchestrating end-to-end international logistics while attending the Gartner Supply Chain Symposium/Xpo. Visit us at booth #312.

About Gartner Supply Chain Symposium/Xpo
Gartner Supply Chain Symposium/Xpo delivers the must-have insights, strategies and frameworks for CSCOs and supply chain leaders to drive impact within their organizations. Supply chain leaders will gather to gain a strategic view of the trends disrupting their business and the insights and frameworks they can use to prepare for disruption, enable digital transformation and build sustainability as a competitive advantage. GARTNER and SUPPLY CHAIN SYMPOSIUM/XPO are registered trademarks and service marks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

About e2log
e2log is an end-to-end orchestration platform for international logistics. Developed to streamline the shipping of complex international cargo, e2log provides logisticians the power to increase operational efficiency with tools like a freight booking engine, a global TMS, and digital control towers. Gain a single view of international shipments across different activities, analyze and improve service provider performance, reduce administration and make better decisions. Plan, execute, and deliver complex projects on time while gaining the insight you’ve always wanted with intuitive dashboards built on reliable data, including the power to track scope 3 emissions globally.
www.e2log.com

Contact Information:
Zoe Gaylard
Director, Global Marketing
zoe.gaylard@e2log.com

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The commercial specialty insurer shifts from on-prem to cloud for its policy, billing and commercial templates

Boston, Sept. 26, 2022 (GLOBE NEWSWIRE) — Duck Creek Technologies (NASDAQ: DCT), the intelligent solutions provider defining the future of property and casualty (P&C) insurance, is pleased to announce its latest partnership with Coaction Specialty Insurance Group, Inc. to upgrade the commercial specialty insurer’s core policy, billing and commercial templates from on-premises to cloud-based software as a service (SaaS) using Duck Creek OnDemand. Duck Creek’s technology suite will efficiently consolidate Coaction’s technology solutions on Microsoft’s Azure platform to increase its speed to market and ease of connecting with customers and industry partners.

Coaction’s technology modernization strategy contemplates creating insurance products more quickly and efficiently, meeting the end-to-end engagement needs of its customers, and bringing more ease to everyday insurance transactions. The cloud-based deployment of Duck Creek OnDemand will ensure that Coaction’s technology is evergreen, scalable and efficient – allowing the insurer’s internal teams to focus on innovation that drives value for its customers.

“Coaction is an innovative insurer who brings unrivaled specialty insurance expertise to solve challenges and provide solutions for their customers. We are thrilled to have Coaction leveraging Duck Creek OnDemand to help them drive efficiency and provide an industry-leading, consistent, and friendly customer experience,” said Mike Jackowski, Chief Executive Officer, Duck Creek Technologies. “Coaction’s shift from on-premises to SaaS is a meaningful example of major carriers embracing the cloud strategically for their businesses.”

“The benefits of transitioning from on-premises services to a SaaS-based model with Duck Creek as a partner were obvious and exemplify Coaction’s dedication to innovation, efficiency, and customer service,” said Mike Sciole, Chief Operating Officer, Coaction Specialty Insurance Group, Inc. “With Duck Creek OnDemand, Coaction will be able to increase agility, flexibility, and scale accordingly with our business. Duck Creek has been a great partner with the best SaaS offering in the industry.  We are very excited about our future.”

About Coaction Specialty Insurance 

Coaction Global, Inc. (Coaction), headquartered in Morristown, NJ, is the parent of Coaction Specialty Insurance Group, Inc. (Coaction Specialty), a specialty property and casualty (P&C) insurance holding company, providing a range of property and casualty solutions to customers across the United States through its insurance company subsidiaries including property, casualty, entertainment, executive liability, and multi-line. The member insurance companies of Coaction Specialty Insurance Group, Inc. are rated “A‐” (Excellent) by A.M. Best. To learn more about Coaction, please visit www.coactionspecialty.com.

About Duck Creek Technologies 

Duck Creek Technologies (NASDAQ: DCT) 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.

Carley Bunch
Duck Creek Technologies
+1 (201) 962-6091
carley.bunch@duckcreek.com

CASTRIES, Saint Lucia, Sept. 26, 2022 (GLOBE NEWSWIRE) — Countries across the globe have recognised the importance of investing in their youth. Beyond providing basic amenities such as healthcare, education, employment and housing to their citizens, developing economies need to act purposefully to uplift their young populations. These efforts largely define how rapidly a nation will advance.

From this perspective, the government of Saint Lucia is proactively investing in its citizens – with its youth at the top of its list of priorities. The country is advancing at a significant pace, particularly in terms of infrastructure development and its economic undertakings. This growth and development are directly linked to its Citizenship by Investment Programme (CIP), launched in 2016.

The major inflow of funds generated by the Citizenship by Investment Programme has propelled Saint Lucia’s economy, promising a brighter future ahead for its young population.

Rates of employment on the island have improved significantly over the last few years. This is directly linked to the development of various multi-million dollar projects. These projects have been stimulated by foreign investment generated by the country’s CIP.

The advancement of infrastructure is opening a wide range of opportunities not only for investors but also for the country’s youth across a diverse range of industries which include hospitality, service, architecture, banking, and broadcasting. Saint Lucia is growing, and so too are its people.

Recently, the Global Hyatt group signed plans to construct the 345-room Grand Hyatt luxury hotel in Saint Lucia. The project will provide employment for at least 2000 of the island’s citizens through opportunities in construction, operations and management. While providing a major boost to the economy, it will also create significant opportunities for aspiring youth to grow professionally and achieve financial independence. This is just one of the many examples of how foreign investment is directly benefitting the country.

Mathurin is a media and communications professional in Saint Lucia who is reaching new heights in her career. She has expressed confidence about the role that the CIP plays.

“It makes me so happy every time when our talent and accomplishments are celebrated. For me as a young Saint Lucian, as a young creator, I am looking forward to projects like CIP helping us channel resources in the right direction,” said Mathurin.

Mathurin looks forward to the programme providing her with a wider platform to exhibit her talents and further hone her skills. With the development and growth of CIP in Saint Lucia, she is just one of the country’s young professionals who will benefit from the increased investment.

Saint Lucia’s Citizenship by Investment Programme allows foreign investors to become citizens of the country in exchange for investing in the country’s economy. It is a much sought-after programme, ranking third in the CBI Index of 2022 and scoring 87% with 78 points.

The CBI Index is released annually by the Professional Wealth Management Magazine (PWM), published by the Financial Times. It provides a comprehensive evaluation of citizenship by investment programmes in thirteen jurisdictions.

The Index compares jurisdictions according to nine parameters, known as the “nine pillars of excellence.” These include: the minimum investment outlay, the extent to which investors can obtain citizenship for family, the timeline for securing citizenship, the due diligence of the process, ease of processing, freedom of movement within and between countries, mandatory travel or residence conditions, and the certainty and robustness of the programme.

Saint Lucia has particularly excelled in the minimum investment outlay, freedom of movement and ease of processing pillars. This excellent score has drawn a diverse range of individuals with adequate resources to invest in the country. The programme has thus proved mutually beneficial – helping both the country and investors.

The establishment of wider business networks is yet another aspect of the programme from which young Saint Lucians profit. CIP investors often bring significant entrepreneurial networks from their respective fields to the country. Working and collaborating with investors thus provides a great platform for existing businesses to grow, stimulating the development of new businesses and industries as well. While investors receive a stable and secure environment from which to operate their businesses, young professionals have the opportunity to learn from experts in their field and to grow to their maximum capacity.

Since the Covid-19 pandemic, the government’s emphasis has also shifted towards developing and uplifting public health infrastructure and services. CIP funds are therefore also being directed to the health sector. Recently, the Ministry of Health, Wellness and Elderly Affairs donated a haematology analyser and immunoassay analyser to St. Jude Hospital in the coastal town of Vieux Fort. These additions to the healthcare infrastructure will strengthen the delivery of diagnostic testing in the country. In this instance, both young and elderly citizens will reap the benefits of CIP funds.

This is just one of the various impacts of resources generated by Saint Lucia’s Citizenship by Investment Programme. However, it is not just the country’s citizens but also investors who benefit from the programme. They gain a safe, secure and stable environment from which to grow their families and businesses.

SAINT LUCIA: CITIZENSHIP BY INVESTMENT PROGRAMME (CIP)

Saint Lucia is the latest Caribbean country to open its borders to Citizenship by Investment. Although the programme was launched just six years ago in 2016, it is already considered one of the top three countries for Citizenship by Investment, according to the CBI Index of 2022. The CIP of Saint Lucia provides numerous benefits such as:

1: Providing investors with global mobility

2: Delivering opportunities for diversifying investors’ portfolios

3: Planning wealth and business expansion overseas

4: Gaining a citizenship that can be passed down to future generations.

Saint Lucia’s Citizenship by Investment programme is also notable for the ease of its application process. This includes five steps:

Step 1: Completion of the application by applicants.

Step 2: Submission of the application via the CIP Portal.

Step 3: Document verification by the CIP Unit and the undergoing of due-diligence processes.

Step 4: The selection or rejection of the application by the board.

Step 5: The provision of certification, subject to selection.

Contact Information:
Nandi Canning
nandi.canning@csglobalpartners.com
+27 82 821 5664