(BUSINESS WIRE)--The Estée Lauder Companies Inc. (NYSE: EL) has identified a cybersecurity incident, which involves an unauthorized third party that has gained access to some of the Company’s systems. After becoming aware of the incident, the Company proactively took down some of its systems and promptly began an investigation with the assistance of leading third-party cybersecurity experts. The Company is also coordinating with law enforcement. Based on the current status of the investigation, the Company believes the unauthorized party obtained some data from its systems, and the Company is working to understand the nature and scope of that data.

The Company is implementing measures to secure its business operations and will continue taking additional steps as appropriate. During this ongoing incident, the Company is focused on remediation, including efforts to restore impacted systems and services. The incident has caused, and is expected to continue to cause, ... Read more »

(BUSINESS WIRE)--Arthur D. Little (ADL) today published The Industrial Metaverse, Making the invisible visible to drive sustainable growth, the latest report from the company published under the ‘Blue Shift’ banner. These reports explore the impact of new technologies on business, society and humans.

While the consumer Metaverse has fallen victim to excessive hype, the report argues that the Industrial Metaverse (Metaverse applications for business) offers enormous potential value, enhancing operational efficiency, reducing costs, and improving overall quality. It will rapidly mature to become a market conservatively worth around $400 billion in 2030 but with a potential upside of more than $1 trillion. This growth is driven by advancements in artificial intelligence, complex systems simulation, data visualization, and connectivity.

The report explains how the Industrial Metaverse goes beyond existing digital twin and Industry 4.0 technologies to fully re ... Read more »

LONDON - Wednesday, 19. July 2023

(BUSINESS WIRE)--While Egypt’s insurance market is proving resilient in the face of the country’s challenging economic conditions in 2023, the continuing rise in interest rates and inflation means that insurers are finding it difficult to sustain growth rates in real terms, according to AM Best.

In its new Best’s Special Report, “Egyptian Insurance Market: Growth in Spite of Difficult Economic Conditions,” AM Best also comments on how legislative changes and the introduction of new accounting standards in 2023 are expected to impact Egypt’s insurers. A new Insurance Act is expected to be approved, with a key provision of the act being the introduction of higher minimum capital requirements for insurers based on the lines of business written. AM Best expects this to be positive for the overall capital adequacy of the sector, while smaller insurers who do not meet the requirements may face significan ... Read more »

HOLLYWOOD, Fla. - Wednesday, 19. July 2023

(BUSINESS WIRE)--QC Laboratories, Inc., a leading nondestructive testing and inspection services company, has announced that it has been awarded Nadcap certification for computed radiography (AC7114/10S) by the Performance Review Institute (PRI).

The Nadcap certification is a highly respected accreditation that recognizes companies that demonstrate exceptional quality and performance in the aerospace industry. QC Laboratories, Inc. has met the rigorous requirements of the Nadcap audit for computed radiography, which includes stringent technical and quality standards, as well as an assessment of the company's personnel, facilities, and processes.

"We are thrilled to have achieved this certification, which reflects our unwavering commitment to providing the highest quality nondestructive testing and inspection services to our customers," said Jose Crespo, General Manager of QC Laboratories, Inc. "Wit ... Read more »

 Next-Gen Conversational and Generative A.I. Platform (“Abhi”) Now Fully Integrated with Mondee’s Marketplace, Bringing Immersive Travel Experiences to Travelers Worldwide, Incorporating Global Knowledge and Local Delivery to the Fingertips of Travel Experts and Influencers

(BUSINESS WIRE)-- ... Read more »

GREENWICH, Conn. - Wednesday, 19. July 2023 AETOSWire

IBKR Further Expands Its Global Market Access

(BUSINESS WIRE)--Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, today announced access to the Taiwan Stock Exchange, letting clients invest in the Taiwanese market without maintaining a relationship with a separate regional broker. Eligible clients of Interactive Brokers globally can now trade Taiwanese stocks, ETFs and TDRs alongside global stocks, options, futures, currencies, bonds, funds and more from a single unified platform.

Individual and institutional investors from over 200 countries and territories can take advantage of Interactive Brokers’ extensive product offering, superior pricing, and powerful technology. Access to the Taiwan Stock Exchange specifically benefits investment managers with Asia-focused strategies and knowledgeable retail investors interested in exposure to its emerging sectors, such as energy stora ... Read more »

DUBAI, United Arab Emirates - Wednesday, 19. July 2023

(BUSINESS WIRE)--MultiBank Group, the largest financial derivatives institution worldwide, announced that its latest subsidiary, MEX Europe Ltd, has been granted a license by the Cyprus Securities and Exchange Commission (CySEC) to provide services to clients in full compliance with the applicable laws in European markets.

This achievement marks another major milestone for the Group and demonstrates its continuing commitment to achieving the highest echelon of regulatory standards and security of funds.

"We are immensely proud of obtaining the CySEC license, reflecting our dedication to continuously developing the world’s leading regulated financial products and services ecosystem," said Naser Taher, Chairman of MultiBank Group. "MultiBank Group has been operating in the financial industry with an unblemished track record for over 20 years, and as such, it has built a reputation for p ... Read more »

PARIS LA DÉFENSE - Wednesday, 19. July 2023 AETOSWire Print 

Thales Luna HSMs meet the security requirements of Bangladesh’s new Interoperable Digital Transaction Platform (IDTP), allowing secure real-time movement of funds
Acts as the root of trust for NCC Bank’s cryptographic operations, providing secure key generation and strong access controls to prevent unauthorised users from accessing sensitive data
(BUSINESS WIRE)--National Credit and Commerce Bank (NCC) of Bangladesh has rolled-out Thales Luna Hardware Security Modules (HSMs) across its existing infrastructure to meet the complex security requirements of the recently launched Interoperable Digital Transaction Platform (IDTP), also known as “Binimoy.” The tamper-resistant hardware is the ‘root of trust’ for NCC Bank’s real-time transactions, providing customers with a seamless yet highly secure user experience.

... Read more »

NEW YORK - Wednesday, 19. July 2023

EMTECH’s Beyond Cash or (BYDC) is a CBDC Simulator built on Hedera layer 1 protocol with pre-built APIs that simplify the integration of digital cash in fintech products across various use cases.

(BUSINESS WIRE)--EMTECH, an award-winning software company and first-of-its-kind Modern Central Banking Infrastructure provider, today announced the public release of its Central Bank Digital Currency (CBDC) Innovation Kit for fintechs and financial service providers looking to test new fintech solutions and business models with Central Bank Digital Currency.

With over 10 trillion of paper cash in circulation and over 93% of central banks exploring and piloting CBDCs introducing a digital version of cash, the CBDC Innovation Kit provides fintechs a set of tools with which to begin their discovery of the possibilities of a digital cash infrastructure.

Leveraging a public distributed ledger technology ( ... Read more »