Bank of America announces its completion of 10 equity investments to advance racial equality and economic opportunity

Back in June 2020, Bank of America announced its ambitions to invest US$1bn in a four year commitment to advance racial equality and economic opportunity.

As part of its ambitions, Bank of America aims to dedicate US$50mn to supporting minority depository institutions (MDIs) and community development financial institutions (CDFI) banks. In the bank’s efforts to advance its US$50mn goal, Bank of America has announced its completion of 10 equity investments acquiring 4.9% of common equity in each organisation.

The aim of the 10…

CEO of telecommunications company — stc — calls on companies to promote innovation via artificial intelligence (AI)

During the virtual Global Summit of Artificial Intelligence (AI) — organised by the Saudi Data and Artificial Intelligence Authority (SDAIA) — stc’s CEO, Nasser bin Suleiman Al-Nasser called on companies to adopt transformative plans and develop solutions to promote innovation via AI and support growth and reduce costs.

During a discussion session on planning for the age of AI, Al-Nasser noted that stc relied on multiple AI technologies to serve customers and the group to improve efficiency and develop better experiences.

In addition…

Samsung signs MoU with Kyocera Communication Systems to accelerate private 5G Network collaboration and expansion in Japan

In an announcement made by Samsung and Kyocera Communication Systems the two organisations have signed a memorandum of understanding (MoU) to accelerate private 5G network collaboration and expansion in Japan, bringing greater intelligence to organisations.

The MoU marks the first collaborative project between the two companies, which will see the organisations implement a private network in Japan based manufacturing facilities, transforming them into smart factories.

The two companies aim to drive the full potential of private 5G networks by creating new value for…

UnionPay forms collaborative partnership with Aleta Planet to launch AP-1 — an e-wallet that offers QR code payment — in Southeast Asia

UnionPay reports the formation of its collaborative partnership with Aleta Planet to launch its AP-1 e-wallet that offers users a QR code payment method.

Currently 18 e-wallet products comply with UnionPay’s specifications, and are available from UnionPay cardholders to quickly and securely make payments in five Southeast Asian countries.

In collaboration with several institutions in Singapore, Thailand, Malaysia, Vietnam, and Cambodia, UPI has developed or upgraded local e-wallets with its specifications.

To date, UnionPay cards continue to be…

Accenture and SAP partner to ‘take bold steps’ to move their clients further into the cloud via open industry solutions

Accenture and SAP’s collaboration activities together have spanned the course of 40 years, in a recent announcement made by Accenture, the company reported its latest partnership with SAP to “help companies fundamentally change their business operations with industry specific solutions based on SAP’s industry cloud.”

The two organisations state that by helping their clients to build on the SAP Cloud Platform and integrate with SAP’s Intelligent Suite and Business Network, companies can benefit from innovative capabilities in the cloud, while…

Walmart aims to “play an important role in transforming the world’s supply chains,” with new ambitious 2030/2040 regenerative and emissions targets

Following an announcement made by Walmart, the company strengthens its commitment to “play an important role in transforming the world’s supply chains,” by setting new ambitious regenerative and emissions targets for 2030 and 2040.

“We want to play an important role in transforming the world’s supply chains to be regenerative. We face a growing crisis of climate change and nature loss, and we all need to take action with urgency. For 15 years, we have been partnering to do…

Emirates signs an agreement with Airlink expanding its reach in South Africa

In an announcement made by Emirates the company has signed an interline agreement with Airlink. The agreement will expand Emirate’ reach in South Africa.

As part of the agreement the two companies will provide customers with enhanced connectivity at its Johannesburg and Cape Town gateways with access to over 25 domestic destinations in South Africa, as well as over 20 regional destinations.

“Emirates is pleased to partner with Airlink on a new interline agreement that will help us strengthen our presence and give customers more choice, flexibility and…

Huawei & IDC release an electric power industry white paper — Building the Future Ready Power Enterprise: Road to a Successful Digital Transformation

In an announcement made by Huawei and IDC, the companies report the release of their joint electric power industry white paper — Building the Future Ready Power Enterprise: Road to a Successful Digital Transformation.

The white paper produced by Huawei and IDC proposes a methodology for the digital transformation of electric power enterprises, that aligns with Huawei’s and the IDC’s methodology for digital transformation frameworks and blueprints.

“As the advance of global energy reform and energy Internet…

As we enter into the final months of 2020, Business Chief North America, takes a look at the top 10 data and analytics industry predictions for 2021

With the impact of COVID-19 driving more and more businesses to rapidly evolve and adoption digital technologies in order to maintain their business operations, Gartner predicts that “Over the next few years, data and analytics programs will become even more mission-critical throughout the business and across industries.”

In its report, Gartner identifies its predictions when it comes to data and analytics in 2021 for 10 core industries: banking and investment services; education; energy…

PwC reports the closure of 1,400 bank branches in the last five years, as organisations look to make their operations more strategic

In research conducted by PwC the company reported that a total of 1,400 banks or building societies have closed in the last five years, with 235 alone closed in the first half of 2020. In comparison to 222 closures in 2019, PwC indicates that the shift is driven by consumers searching online for the best possible deal or products.

PwC reports that the figures come as shop closures significantly rise, with over twice as many closures in the…

Georgia Wilson

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