Latest news with #Resilient
Business Recorder
4 days ago
- Business
- Business Recorder
World Bank's Benhassine lauds Pakistan's economic turnaround
Najy Benhassine, the outgoing country director of the World Bank, has lauded Pakistan's economic turnaround, terming it a 'revolutionary turnaround.' The World Bank's official made these remarks while paying a farewell visit to Prime Minister Shehbaz Sharif, read a statement released by the Prime Minister's Office (PMO) on Thursday. 'The revolutionary transformation, stability, and progress of Pakistan's economy under your leadership is commendable,' said Benhassine, adding that the country's economic team saved Pakistan from the risk of sovereign default and put it on a path of stability. 'Pakistan's current economic team has skillfully steered the economy from stability toward growth,' he added. World Bank approves $102m for Resilient, Accessible Microfinance Project Meanwhile, PM Shehbaz also lauded Benhassine for his role in strengthening the partnership between Pakistan and the World Bank 'For which we are grateful,' the prime minister was quoted as saying in the statement. 'The cooperation and hard work you demonstrated with Pakistani officials on the Country Partnership Framework will always be remembered positively,' he told Benhassine. PM Shehbaz extended his best wishes and prayed for Najy Benhassine's health and future success. The meeting was also attended by the World Bank's Operations Manager for Pakistan, Gailius Draugelis; Deputy Prime Minister and Foreign Minister Muhammad Ishaq Dar; Federal Ministers Ahsan Iqbal, Muhammad Aurangzeb; and other senior officials.
Yahoo
03-06-2025
- Business
- Yahoo
Konsolidator launches financial data warehouse - Built for finance, not IT
Press release no. 3-2025 Copenhagen, June 3, 2025 Konsolidator launches financial data warehouse - Built for finance, not ITToday, Konsolidator announces the launch of its financial data warehouse, designed specifically for CFOs and finance teams. Built to tackle the data overload facing finance departments, the solution delivers structured, reliable data for reporting without relying on internal IT resources. Part of the product pillar from the company's 2025–2027 'Resilient Growth' strategy, the data warehouse utilizes Konsolidator's core expertise in financial reporting. A new foundation for financial dataKonsolidator's financial data warehouse taps into Konsolidator's existing experience in financial reporting. The purpose of Konsolidator's financial data warehouse is to give finance professionals a clean, structured view of their data, ready for reporting and decision-making. Finance teams today face a clear problem: too much data, from too many systems, and no clear way to use it. ERP systems, CRMs, spreadsheets, and planning tools provide complexity instead of insight. 'It's no longer about access to data—it's about making sense of it. You need a solution built for finance, not developers,' says Lars Højer Paaske, Head of Product at Konsolidator. A solution for teams without the internal IT resources The financial data warehouse is designed for finance teams who want control over their data, without needing internal or external IT experts to build and maintain infrastructure. Fully integrated with Microsoft Fabric and Power BI, the solution enables advanced analytics, transaction-level transparency, and automated reporting workflows. Many companies lack the internal expertise to build or maintain a data warehouse. Konsolidator's hosted solution has built-in governance, security, and compliance—so finance teams can focus on insight, not infrastructure. 2025-2027 strategy: Broader product offerings The financial data warehouse is, together with the upcoming FP&A tool, part of Konsolidator's broader 'Build, Buy or Partner' approach. It is one of four strategic pillars of the Resilient Growth strategy and the first step in launching The Konsolidator Suite—our new platform approach that gives finance teams end-to-end control over their data, from consolidation to reporting, and fits into a more holistic view of finance digital ecosystems. We're building solutions that make CFOs better with reliable data, not just in the monthly reporting, but to feed into the overall strategy. 'This is the first step into something bigger,' says CEO Claus Finderup Grove. 'We're moving beyond 'just being a consolidation product' to become a central part of the entire finance department. We believe finance teams already have the right skills and data—they just need the right tools to use it.'Contacts CEO: Claus Finderup Grove, mobile +45 2095 2988, cfg@ CFO: Jack Skov, mobile +45 2282 8845, js@ About KonsolidatorKonsolidator A/S is a financial consolidation software company whose primary objective is to make Group CFOs around the world better through automated financial consolidation and reporting in the cloud. Created by CFOs and auditors and powered by innovative technology, Konsolidator removes the complexity of financial consolidation and enables the CFO to save time and gain actionable insights based on key performance data to become a vital part of strategic decision-making. Konsolidator was listed on the Nasdaq First North Growth Market Denmark in 2019. Ticker Code: KONSOL Attachment Press Release no. 3-2025 - DwH
Yahoo
03-06-2025
- Business
- Yahoo
Konsolidator launches financial data warehouse - Built for finance, not IT
Press release no. 3-2025 Copenhagen, June 3, 2025 Konsolidator launches financial data warehouse - Built for finance, not ITToday, Konsolidator announces the launch of its financial data warehouse, designed specifically for CFOs and finance teams. Built to tackle the data overload facing finance departments, the solution delivers structured, reliable data for reporting without relying on internal IT resources. Part of the product pillar from the company's 2025–2027 'Resilient Growth' strategy, the data warehouse utilizes Konsolidator's core expertise in financial reporting. A new foundation for financial dataKonsolidator's financial data warehouse taps into Konsolidator's existing experience in financial reporting. The purpose of Konsolidator's financial data warehouse is to give finance professionals a clean, structured view of their data, ready for reporting and decision-making. Finance teams today face a clear problem: too much data, from too many systems, and no clear way to use it. ERP systems, CRMs, spreadsheets, and planning tools provide complexity instead of insight. 'It's no longer about access to data—it's about making sense of it. You need a solution built for finance, not developers,' says Lars Højer Paaske, Head of Product at Konsolidator. A solution for teams without the internal IT resources The financial data warehouse is designed for finance teams who want control over their data, without needing internal or external IT experts to build and maintain infrastructure. Fully integrated with Microsoft Fabric and Power BI, the solution enables advanced analytics, transaction-level transparency, and automated reporting workflows. Many companies lack the internal expertise to build or maintain a data warehouse. Konsolidator's hosted solution has built-in governance, security, and compliance—so finance teams can focus on insight, not infrastructure. 2025-2027 strategy: Broader product offerings The financial data warehouse is, together with the upcoming FP&A tool, part of Konsolidator's broader 'Build, Buy or Partner' approach. It is one of four strategic pillars of the Resilient Growth strategy and the first step in launching The Konsolidator Suite—our new platform approach that gives finance teams end-to-end control over their data, from consolidation to reporting, and fits into a more holistic view of finance digital ecosystems. We're building solutions that make CFOs better with reliable data, not just in the monthly reporting, but to feed into the overall strategy. 'This is the first step into something bigger,' says CEO Claus Finderup Grove. 'We're moving beyond 'just being a consolidation product' to become a central part of the entire finance department. We believe finance teams already have the right skills and data—they just need the right tools to use it.'Contacts CEO: Claus Finderup Grove, mobile +45 2095 2988, cfg@ CFO: Jack Skov, mobile +45 2282 8845, js@ About KonsolidatorKonsolidator A/S is a financial consolidation software company whose primary objective is to make Group CFOs around the world better through automated financial consolidation and reporting in the cloud. Created by CFOs and auditors and powered by innovative technology, Konsolidator removes the complexity of financial consolidation and enables the CFO to save time and gain actionable insights based on key performance data to become a vital part of strategic decision-making. Konsolidator was listed on the Nasdaq First North Growth Market Denmark in 2019. Ticker Code: KONSOL Attachment Press Release no. 3-2025 - DwHMelden Sie sich an, um Ihr Portfolio aufzurufen.
Time of India
14-05-2025
- Business
- Time of India
BFSI not ready to tackle Quantum Computing threats, says study
1 2 Hyderabad: As the world moves towards quantum computing (CQ), there is a critical need for India's banking, financial services, and insurance ( BFSI ) sector to gear up for the unique threats it poses, said a report prepared by ISB Institute of Data Science (IIDS).Titled ' Quantum Resilient Banking : Strategies for a Secure Transition,' the study found a very limited understanding of quantum computing among BFSI CISOs and CTOs, with post-quantum cryptography (PQC) readiness at an average of only 2.4 out of 5, indicating insufficient preparation. According to the study, 57.5% of those surveyed said they anticipate quantum computing to become a substantial threat within three years. This is even as phishing attacks (65%), DDoS attacks (47.5%), and social engineering (40%) have already emerged as the most frequent threats over the past year."The analysis demonstrates how technological and telecommunications progress has transformed cybersecurity risks. Whilst quantum computing presents opportunities, it threatens existing Public Key Cryptography (PKC) algorithms," the study said. Quantum computing uses principles of quantum mechanics to tackle complex computational challenges. Unlike traditional computers that use binary bits, quantum computers leverage quantum physics principles such as superposition, tunnelling, entanglement, and research paper, which examined crucial vulnerabilities and inadequate preparedness for PQC implementation amongst BFSI CISOs and CTOs, has mooted a PQC migration framework for the BFSI sector that ensures minimal infrastructure disruption, straightforward deployment, and future-ready architecture. It has recommended swift PQC adoption, govt-led guidelines establishment, quantum-resistant technology research funding, enhanced stakeholder cooperation, and improved cybersecurity education. It also stresses the importance of govt-established migration timelines and algorithm selection Manish Gangwar, executive director, IIDS, said the report helps understand and address the unique challenges that quantum computing poses to the BFSI sector in India by highlighting vulnerabilities and providing a framework for PQC migration to empower organisations to proactively safeguard data and maintain trust in the digital age.
Zawya
30-04-2025
- Business
- Zawya
Egypt showcases digital ambitions at AmCham Investment Conference
Cairo, Egypt — Egypt is strengthening its position as a global hub for digital business services and technology innovation. At the American Chamber of Commerce in Egypt's Investment Conference, held on April 29, Ahmed El-Zaher, CEO of the Information Technology Industry Development Agency (ITIDA), participated in a high-level panel discussion titled 'A Hub for Digital Innovation: Untapped Opportunities.' During the session, El-Zaher underscored Egypt's expanding role in the global offshoring landscape, citing its strategic geographical location, multilingual and cost-effective talent pool, and continued public investment in digital infrastructure and innovation ecosystems. 'Egypt offers an exceptional platform for investors and technology companies aiming to scale regionally and globally,' said El-Zaher. 'With over 760,000 university graduates annually—including 50,000 in ICT, approximately 171,000 in finance and accounting, and 28% in STEM fields—combined with 80% foreign-language proficiency among the workforce, Egypt stands out in the global services market.' He added that Egypt delivers cost savings of up to 68% in outsourcing operations —across contact centers, business process services, IT, engineering R&D, and embedded software—compared to traditional outsourcing destinations. A Mature Destination for Services Delivery El-Zaher also emphasized ITIDA's strategic priorities: attracting foreign direct investment (FDI), accelerating digital skills development, and advancing Egypt's IT offshoring ecosystem. 'Egypt is already home to more than 205 global service delivery centers—cementing its position as a leading offshoring destination and a rising hub for high-value digital services,' he said. Scaling Egypt's Digital Talent Pipeline ITIDA CEO spotlighted key government-led programs aimed at equipping youth with market-ready digital skills. These initiatives, driven by the Ministry of Communications and Information Technology (MCIT) and delivered through affiliated institutions such as the Information Technology Institute (ITI) and the National Telecommunication Institute (NTI), aim to train 500,000 individuals in 2024–2025. 'Our 'Train-to-Hire' model ensures talent isn't just trained—it's job-ready,' El-Zaher noted. 'Through close collaboration with institutions like ITI and NTI, we're closing the gap between education and industry demands.' A High-Profile Industry Dialogue The panel featured an influential lineup of speakers: Mr. Ahmed Yehia, CEO of Fintech and Digital Lifestyle at e& Egypt Ms. Amal Enan, Managing Partner at 500 Global Mr. Todd Wilcox, Co-Chair of AmCham's Banking Committee and CEO and Deputy Chair of HSBC Mr. Mohamed Refaie Ahmed, Global Enterprise Networking Services Practice Leader at IBM The discussion was moderated by Mr. Hossam Seifeldin, Co-Chair of AmCham's Digital Transformation Committee and CEO of Capgemini Egypt. Towards Resilient Growth Held under the theme 'Towards Resilient Growth: Egypt's Future as an Investment Hub', the AmCham conference brought together a distinguished audience of policymakers, business leaders, and global investors. The event explored Egypt's growing competitiveness as a destination for foreign capital and innovation-driven investment.
