SINGAPORE & LONDON, May 7 (Bernama-BUSINESS WIRE) -- SmartStream, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announces the successful implementation of its TLM Reconciliations Premium Digital Payments Control solution at AYA Bank, Myanmar’s premier banking institution. This implementation marks a significant advancement for the bank’s digital transformation journey.
The industry has seen a recent surge in transaction volumes and AYA Bank recognised the need for an innovative tool capable of efficiently processing the influx of payment transactions. SmartStream’s TLM Reconciliations Premium Digital Payments Control will streamline various tasks including reconciliations, settlement, fee computation, and dispute resolution. Leveraging AI capabilities, the solution will facilitate rapid system adoption and comprehensive management of the bank’s transaction lifecycles. In addition, it will introduce a real-time oversight layer, further enhancing transaction transparency and automating accounting processes. These enhancements will enable AYA Bank to mitigate risks and reduce operational expenses effectively. Yvonne Nang Saw Kham Phyu, Director and Head of Cards and Payment Services, AYA Bank, states: "The adoption of SmartStream’s Digital Payments Control has been a transformative step for AYA Bank, markedly enhancing our service delivery. This system not only addresses our current operational needs with real-time operational insights, but also strategically positions us for future expansion and emerging challenges. We commend SmartStream’s professional approach and support throughout the project. The onboarding process was seamless, SmartStream’s Solution Delivery team managed a streamlined implementation period remotely. Their meticulous planning, clear communication, and proactive coordination ensured each step of the onboarding journey was executed with precision and efficiency.” Radha Pillay, Regional Director APAC, SmartStream, states: "We are thrilled to partner with AYA Bank, a forward-thinking institution committed to innovation and customer service excellence. We understood AYA Bank’s specific operational requirements and onboarded them to our TLM OnDemand Digital Payments Control service within the agreed time and budget. In doing so, we not only achieved the expected results but also cultivated a strong, trust-based partnership. Implementing this project remotely for a new client underscores our team’s expertise and commitment. Our solution leverages an advanced reconciliations engine that automates transaction validation and replaces manual interventions with an automated exceptions management process. This ensures the prompt resolution of discrepancies, enhancing overall operational efficiency and future-proofing the bank with high levels of automation, enhanced risk controls, improved customer satisfaction and better scalability.” Delivered as Software as a Service (SaaS), the solution eliminates the need for AYA Bank to manage and maintain IT environments and underlying systems related to reconciliations and exceptions management processes. This also provides availability of the solution through contractual SLAs, allowing AYA Bank to focus solely on its core business functions and deliver enhanced value to its customers. About SmartStream www.smartstream-stp.com About AYA Bank PCL https://www.ayabank.com/ View source version on businesswire.com: https://www.businesswire.com/news/home/20240507436671/en/ Contact Shamira Alidina, Media Relations Director, Dina Communications Tel: +44 (0) 7801 590718 Email: [email protected] Nathan Gee, Marketing Director, SmartStream Tel: +44 (0) 20 7898 0630 Email: [email protected] Source : SmartStream --BERNAMA SAN JOSE, Calif., May 7 (Bernama-BUSINESS WIRE) -- ATMECS Global, renowned for its prowess in digital transformation and engineering solutions, proudly announces that it has joined the NVIDIA Partner Network as a Solution Advisor Consultant. The milestone marks a pivotal step in ATMECS’s journey to redefine the AI and ML landscape, amplifying its commitment to innovation and excellence in delivering next-generation AI solutions.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240506918366/en/ ATMECS will support customers in building and deploying a broad range of NVIDIA-powered solutions — including through the use of the NVIDIA Omniverse development platform for industrial digital twins, generative AI with NVIDIA NIM inference microservices and the NVIDIA AI Enterprise platform for cloud and on-premises deployments, as well as the NVIDIA Jetson platform for accelerated edge AI and robotics. Lori Banas, Chief AI/ML Officer at ATMECS, shared her excitement about this announcement, stating, "We are thrilled to collaborate with NVIDIA, which reflects our dedication to harnessing the transformative power of AI and ML. We aim to unlock new possibilities and deliver cutting-edge AI solutions that drive business transformation and create a competitive edge for our clients." The collaboration with NVIDIA equips ATMECS with access to subject-matter experts and an extensive array of AI and ML technologies, including state-of-the-art GPUs, high-speed networking, and comprehensive software platforms. This portfolio of NVIDIA tools and expertise empowers ATMECS to architect and implement advanced AI-powered solutions that cater to a broad spectrum of use cases across industries, ranging from media and entertainment to healthcare, finance, retail, and manufacturing. “With NVIDIA, we are not just embracing the future of AI; we are actively shaping it, crafting unparalleled value for our clients and industries globally,” stated Ravi Velagapudi, ATMECS’s Founder and President. With AI, ATMECS’s clients can transform how they operate and innovate, providing an unprecedented edge in the competitive AI marketplace. By integrating cutting-edge NVIDIA technologies and ATMECS's wide expertise in AI and digital transformation, the collaboration is poised to deliver solutions that not only advance business processes but also create substantial value for clients. ATMECS’s CEO, Gayathri Malolan, said, "This collaboration with NVIDIA not only enhances our value proposition but also serves as a catalyst for nurturing and expanding our talent pool, aligning with our vision for growth.” This announcement showcases ATMECS's resolve to drive business transformation and deliver exceptional value through AI, setting new industry standards and driving a wave of technological excellence and innovation that benefits its clients and their broader industries. For more details on ATMECS’s services and AI initiatives, please visit www.atmecs.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20240506918366/en/ Contact Lori Banas- Chief AI/ML Officer [email protected] [email protected] Source : ATMECS Global --BERNAMA SMART’s CXL Add-in Cards enable Data Center, Cloud Services, and HPC Providers to Easily and Cost-Effectively Expand Memory Capacity for Memory Intensive Compute Applications NEWARK, Calif., April 24 (Bernama-BUSINESS WIRE) -- SMART Modular Technologies, Inc. (“SMART”), a division of SGH (Nasdaq: SGH) and a global leader in memory solutions, solid-state drives, and advanced memory, announces its new family of Add-In Cards (AICs) which implements the Compute Express Link (CXL®) standard and also supports industry standard DDR5 DIMMs. These are the first in their class, high-density DIMM AICs to adopt the CXL protocol. The SMART 4-DIMM and 8-DIMM products enable server and data center architects to add up to 4TB of memory in a familiar, easy-to-deploy form factor. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240423815199/en/ “The market for CXL memory components for data center applications is expected to grow rapidly. Initial production shipments are expected in late 2024 and will surpass the $2 billion mark by 2026. Ultimately, CXL attach rates in the server market will reach 30% including both expansion and pooling use cases,” stated Mike Howard, vice president of DRAM and memory markets at TechInsights, an intelligence source to semiconductor innovation and related markets. “The CXL protocol is an important step toward achieving industry standard memory disaggregation and sharing which will significantly improve the way memory is deployed in the coming years,” said Andy Mills, senior director of advanced product development at SMART Modular, reinforcing Howard’s market analysis and SMART’s rationale for developing this family of CXL-related products. SMART’s 4-DIMM and 8-DIMM AICs are built using advanced CXL controllers which eliminate memory bandwidth bottlenecks and capacity constraints for compute-intensive workloads encountered in Artificial Intelligence (AI), high performance computing (HPC), and Machine Learning (ML). These emerging applications require larger amounts of high-speed memory that exceed what current servers can accommodate. Attempts to add more memory via the traditional DIMM-based parallel bus interface is becoming problematic due to pin limitations on C mrem.bernama.com/viewsm.php?idm=48450 |
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