Fusionex Powers up Digital Free Trade Zone (DFTZ) Platform

KUALA LUMPUR, Malaysia–(BUSINESS WIRE)–Fusionex is leading a consortium to provide the e-services platform, powered by Big Data technologies, for the world’s first Digital Free Trade Zone (DFTZ) – a ground-breaking initiative jointly launched between the Malaysian Government and e-commerce marketplace titan, Alibaba.

With DFTZ being the brainchild of the Malaysian government, key drivers and stakeholders include the Ministry of Finance (MOF), Malaysia Digital Economy Corporation (MDEC), Ministry of International Trade and Industry (MITI), the Ministry of Transport (MOT), Royal Malaysia Customs Department, Malaysia Airports Holdings Berhad, POS Malaysia, the Malaysia External Trade Development Corporation (MATRADE), SME Corp, etc.

The DFTZ e-Services Platform is a trade facilitation platform that is integrated with other business service platforms and government service platforms, to facilitate a paperless, end-to-end and accurate data capture, data storage, data exchange and data analytics process, in respect of the high growth in internet trade activities.

https://www.businesswire.com/news/home/20180402005416/en/Fusionex-Rolls-Major-Platform-Korean-Mega-Resort

The DFTZ will facilitate small and medium enterprises (SMEs) and merchants to capitalize on the internet community as well as the e-marketplace via a huge borderless addressable market. At the same time, these cost benefits and efficiencies inadvertently trickle down to consumers who would stand to enjoy faster, efficient and more cost-effective products and fulfillment.

At the DFTZ launch, Malaysian Prime Minister Dato’ Sri Najib Tun Razak declared, “We want to be the leader in the region for global trade. We want this to be the regional hub. We want SMEs to really grow by leaps and bounds and that can happen because of DFTZ. Digital Malaysia is the fastest growing sector in our economy. It is a sector that will enjoy double digit growth, and the sky is the limit! This (the DFTZ) is the part that will provide the growth, the potential, the impetus, the catalyst for us to change, redefine regional and global trade, redefine the role of SMEs, and redefine the partnership of Malaysia and China.”

The aim of the DFTZ is to capitalize on the convergence and exponential growth of the internet economy and cross-border e-commerce activities, by facilitating cross-border trade and enabling businesses to import and export goods with a priority for e-commerce.

To achieve this goal, the DFTZ will help businesses including SMEs expedite the transportation of goods regionally. For Phase 1, the DFTZ will set aside a section of the Kuala Lumpur International Airport (KLIA) Aeropolis for storage space and logistics facilities. This will then expand to other sites in subsequent phases.

During his keynote speech at the DFTZ launch, Alibaba Group Chairman and Founder Jack Ma commented, “I am impressed with Malaysia’s vision and speed. DFTZ and eWTP would help small businesses and individual eCommerce players benefit from global trade. Today we are witnessing that in Asia, small businesses can use digital ways to enable themselves to sell things, to buy things, to bridge moneys all across the world. Alibaba commits that we will make this thing – the first DFTZ, the first eWTP – very successful! This is not only an opportunity for Malaysia small businesses. This hub is a hope and opportunity for Asia’s young people and small businesses. It is the opportunity for Asia.”

Giving businesses access to the international market will result in a growing trend of orders and trades fueled by businesses not being confined to specific locations and time zones. The Prime Minister also highlighted that the DFTZ will create 60,000 new jobs and boost exports by SMEs to US$38 billion (MYR160 billion) by 2025.

The DFTZ is also expected to generate a huge amount of online transactions of orders, trade movements, payments, and more, coming in and going out of the country and region, hence the need for the platform to be powered by Big Data technologies.

Fusionex Ivan Teh, Fusionex Group CEO, says: “The DFTZ is a first of its kind digital hub that brings together a multitude of key parties including trade facilitation players, e-marketplace players, government agencies, logistics providers, freight forwarders, and of course, SMEs. The state-of-the-art e-Services platform is powered by, amongst others, Big Data technologies and Machine Learning that will facilitate trade and allow transactions to take place faster, more cost effectively, more reliably and more efficiently.

This visionary initiative by the Malaysian government and Alibaba will pave the way to a seamless digital trade platform that will help remove unnecessary barriers, reduce costs and minimize or avoid unnecessary delays and encumbrances. We are delighted that Fusionex’s platform will power this initiative. At Fusionex, we believe this marks the beginning of a revolutionary way to perform trade regionally and globally, at speed and at scale.” https://www.businesswire.com/news/home/20171107005846/en/Fusionex-Powers-Digital-Free-Trade-Zone-DFTZ

Globalisation initiative a major boost for ict firms

PETALING JAYA: Over the past year, the increased awareness of the Internet of Things (IoT), e-commerce and cloud computing has prompted many Malaysian businesses to adopt new technological solutions for their day-to-day operations.
Malaysia Digital Economy Corporation (MDEC) is leading the country’s push into the digital domain with its Global Acceleration and Innovation Network (GAIN) program which was launched last year.
The program aims to assist high-potential Malaysian technology companies to grow and expand their reach domestically as well as internationally.
The program focuses on four main pillars – market access, risk capital, tech refresh and visibility. It is aimed to boost the annual revenue of GAIN companies to exceed RM100mil.

Among others, MDEC is recognising Fusionex International, iTalent Management Sdn Bhd and PanPages Bhd

These companies have demonstrated strong revenue growth and innovative business models, including an aggressive push towards establishing a foothold in the Asean markets.
Fusionex International
Fusionex International is a global, multi-award winning technology market leader specialising in a slew of future market catalysts, namely big data analytics, the Internet of Things (IoT), artificial intelligence, and deep learning.
The data analytics firm’s unique selling point is its ability to enable businesses to turn massive data streams from a liability into an asset, at speed, at scale, and with value.
It is this big push towards the next big thing that has propelled Fusionex into becoming a prominent market innovator.
Its CEO Datuk Seri Ivan Teh said that the firm is poised to capitalise on major trends occurring in the technology space where the physical and digital domains are set for convergence.
“Companies are constantly looking at ways to connect, collect, store, analyse and monetise the data that is being captured. This is the reason why data analytics tools are becoming increasingly important,” he said.
The group’s suite of solutions revolves around a proprietary core called Intelligent Data Management Platform, which is designed from the ground up to be easily configurable and extendable to suit the customer’s needs.
It also offers proprietary software with the provision of maintenance, enhancement, and support, together with expertise in consulting and implementation for its clientele.
According to Teh, Fusionex has long enjoyed a strong relationship with MDEC, adding that the establishment of the GAIN program has become a platform where the firm’s market access has increased and partnership network broadened, both locally and internationally.
“This relationship with MDEC has opened doors for Fusionex to reach out to potential clients in new and existing markets. We are proud to be a part of this program and aim to turn Malaysia into Asean’s big data hub,” he said.
Market research firm Gartner predicts that enterprise data will grow 650% over the next five years with analytics taking the centre stage as the volume of data generated by embedded systems, social media, and other digital platforms increases and vast pools of structured and unstructured data are analysed.
Even though there is still learning curve required in the Big Data industry, organisations are coming to the realisation that they have no choice but to invest and move away from ‘gut feel’ decision making, Teh points out.
Not one to rest on their laurels, Teh adds that there are big plans ahead for Fusionex as it aspires to solidify its position as the region’s top big data analytics player.
“An official launch of an enhanced version of our big data analytics solution, GIANT 2016, is imminent very soon, and we will continuously expand our growing partnership network in the coming year,” he enthuses.

Ivan Teh

iTalent Management Sdn Bhd is a software vendor which specialises in providing fully integrated cloud based enterprise human resource solutions.
With a presence in Malaysia, Thailand, and Singapore, iTalent was initially in the payroll outsourcing management business, but soon ventured and evolved into a more integrated human resource (HR) cloud computing solutions provider.
Established in 2008 and headquartered in Kuala Lumpur, iTalent’s CEO and founder Victor Phang says that the company has grown by leaps and bounds over the past eight years as it continues to gain a foothold in the region.
“We are optimistic on the growth of the enterprise solutions industry. Today automation, scalability and utility pricing models are the answers for many corporations to reduce cost while increasing their productivity. We can reduce at least 30% of the HR operation costs, and at the same time these legacy systems are getting more and more costly to maintain,” he explains.
Its HR cloud computing system, dubbed iTalent@sky, uses a fully integrated system which covers the entire spectrum of recruitment, compensation, performance management, and exit strategies.
Another offering is called Performance+, which is a program designed to help managers determine specific key performance indicators (KPIs) for employees.

According to Phang(pic), iTalent’s participation in this MDEC initiative had resulted in an immediate breakthrough. Whereas previously the firm took almost a year to penetrate the foreign market,
“This initiative has been extremely helpful and important for local firms like iTalent for accessing international contacts and eventually could help us to export our solutions globally” he says. Through their participation in the recent Indonesia and Silicon Valley immersions by MDEC, iTalent has been able to establish themselves in these new market presence.
In spite of the challenging market environment currently, Phang is confident of the growth opportunities at hand as more and more corporations pivot towards adopting a broad-based and modernised HR solutions.
“Despite the unfavorable sentiment right now, over the next three years I think enterprises will continue to invest in new technology that is able to provide real-time analytics which are crucial for speedy decision making to stay ahead of the competition,” he opines.
Phang says that there will be more to come from iTalent as the company explores new markets.
“We plan to allocate more investment to train the second level of management to strengthen the internal leadership. At the same time, we will focus on the ongoing market expansion to Thailand, Australia and the Philippine markets by the end of 2017 with a target of 150,000 subscribers for the iTalent Digital HR system,” he says.
iTalent was recognised at the 2015 Malaysian Asia Pacific ICT Awards in the Best of Applications and Infrastructure Tools (Merit) and won the BPO Project of the Year at the 2014 and 2015 Outsourcing Malaysia Excellence Awards.

PanPages Bhd
PanPages Bhd is a Bursa Malaysia-listed company specialising in the areas of marketing and data services. The company’s business segments consist of online business platforms, print directories and content licensing.
Founded in 1989 and having been listed on the local bourse for the past decade, the company has a long and colourful history as one of the region’s pioneers in the burgeoning small medium enterprise (SME) marketing solutions industry.
The company provides multi-channel solutions which allow their customers to advertise in PanPages.com, its Asean business platform, as well as on Google AdWords, Facebook, YouTube, Google Map, Alibaba.com and Print Directories Malaysia Super Pages.
“PanPages provides marketing and database service solutions to the Asean business communities. Our main strength is the 10 million businesses in our database around the region. We are also capitalising on the growth in digital marketing and big data in Asean,” said the company’s group chief executive officer Fong Wai Leong.
The company provides two main types of services. The first one is called marketing-as-a-service, whereby PanPages would help its customers to publish business content on a number of platforms such as Malaysia Super Pages, print directories, Alibaba.com’s global trade portal and other business sites.

Read more at https://www.thestar.com.my/business/business-news/2016/12/13/globalisation-initiative-a-major-boost-for-ict-firms/

ManagePay ties up with Fusionex on big data analytics, e-payment

KUALA LUMPUR (Oct 26): ManagePay Systems Bhd has signed a partnership agreement with Adv Fusionex Sdn Bhd (Fusionex) for the development of services related to big data analytics and e-payment.

In a filing with Bursa Malaysia, the company said Fusionex will provide ManagePay and its clients with data analytics, big data tools and platform support while ManagePay will provide electronic money (e-money) and electronic wallet (e-wallet) services to clients of Fusionex.

The e-money and e-wallet services are slated to be rolled out at the end of the year, the filing stated.

Fusionex is a subsidiary of Fusionex International Plc, which is listed on the London Stock Exchange.

The partnership will also explore the potential of a jointly developed payment gateway integrated with a big data analytics platform for ManagePay and Fusionex’s clients.

ManagePay group managing director and chief executive officer Chew Chee Seng said the collaboration with Fusionex will provide deeper insights to organisations that require big data analytics for customer spending patterns or product mix trends according to market or region.

“In turn, we are able to offer more value to our clients by helping them to move ahead of industry trends using insights we gather under our collaboration with Fusionex,” he added.

Fusionex

ManagePay said the partnership is in line with its business strategy to develop a new scalable business earnings stream.

It also allows ManagePay to jump start into a broader eco system in cashless transactions, under the e-payment initiatives set out by Bank Negara Malaysia, the company said.

“Moving forward, ManagePay and Fusionex will look towards leveraging on new business opportunities through this partnership, with the deployment of their respective expertise and product solutions, creating a synergistic platform,” the filing stated.

On Oct 1, ManagePay’s wholly-owned unit ManagePay Services Sdn Bhd was appointed as the managing operator of the local retail chain Malaysia Retail Chain Association (MRCA)’s Ringgit Rewards Card’s e-wallet and cashback loyalty card programme.


ManagePay Services will be responsible for issuing, acquiring and operating the programme that is a MasterCard co-branded prepaid card.

With the Ringgit Rewards Card, consumers can load cash value to be used in lieu of cash at participating MRCA outlets and get purchase benefits such as immediate discounts or cashback.

The accumulated cashback earned will be used to redeem their desired reward or next purchase at participating MRCA outlets.

ManagePay shares closed half a sen or 1.82% higher at 28 sen, with a market capitalisation of RM198.93 million. https://www.youtube.com/channel/UClvA6Qn7vHK06dCzFev-pNQ