Latest news with #GlobalCapabilityCenter
Yahoo
2 days ago
- Business
- Yahoo
Ascendion and Philtech Inc. Launch a GCC in Cebu to Redefine Digital Operations
GCC in Cebu: Philtech Inc. together with Ascendion launch a Global Capability Center in Cebu to expand support and management functions for 285,000+ employees across 2,200+ Albertsons Companies locations. Ascendion's AI-first platform drives smarter customer service, faster engineering, and seamless HR operations. Ascendion's AVA+ accelerates software delivery; METal connects top talent to high-impact innovation programs BASKING RIDGE, N.J. and MANILA, Philippines, June 10, 2025 /PRNewswire/ -- Ascendion, a leader in AI-powered software engineering, today announced a groundbreaking milestone in its decade-long partnership with Philtech, Inc. Together, the companies are launching a next-generation Global Capability Center (GCC) equipped with GenAI capabilities. This GCC aligns with Philtech in continuously evolving enterprise operations and enhancing enablement, service delivery and solutions for more than 285,000 employees across 2,200+ Albertsons Companies locations. This launch also signifies a landmark initiative for the Philippines, introducing new frontiers in AI-powered software engineering, customer experience, and digital transformation. This partnership can contribute in elevating Cebu as a next-gen AI and experience hub in the Philippines. This expansion underscores Philtech's commitment and action to strategically integrating modern technologies and GenAI to achieve higher efficiencies into relevant operations. On the other hand, Ascendion's proprietary GCCAI (Global Capability Center to the Power of AI) solution can be utilized by the Cebu-based hub to drive intelligent productivity, accelerate delivery velocity, and real-time transparency across core business functions—including customer service, application development, quality engineering, operations, and HR systems. "Our vision is clear: GCCs must evolve into Generative Global Capability Centers—AI-native, value-generating hubs that drive real business impact," said Manan Mehta, Senior Vice President, Global Growth Markets at Ascendion. "With GCCAI, we're not just scaling operations, we're reinventing how AI, engineering, and talent intersect to unlock next-level innovation and operational excellence. This center will be a model for the future of global delivery and innovation. Together with Philtech Inc., we've laid the foundation for a next-gen AI-powered hub—redefining digital operations from the heart of Cebu." As part of this expansion, Ascendion prepares to operate their proprietary AI tools and technologies in relevant operations for its many partners such as: Ascendion AVA+ – An AI-first software engineering platform enhancing productivity, risk management, and time-to-market. METal – A talent orchestration platform connecting Filipino professionals to select projects in Philtech Inc. "The launch of the Cebu GCC marks a major milestone in our long-standing partnership with Ascendion," said Trung Nguyen, Philtech General Manager and Vice President, Information Technology in Albertsons Companies, "As one of our largest technology & hiring partners, Ascendion looks forward to help identify and enable relevant AI tech for operational excellence and efficiencies—delivering a seamless blend of automation and human expertise to create unparalleled business value. This is about more than just growth; it's about defining the future of AI-driven retail innovation." Traditional GCCs have long operated as cost-effective delivery hubs. But in today's AI-driven era, that model is evolving. Generative Global Capability Centers represent a new paradigm—where AI and engineering talent continuously create value, proactively solve problems, and drive enterprise innovation at scale. Ascendion and Philtech Inc. are at the forefront of this transformation, setting a new global standard for the role of GCCs in the AI age. This is a bold leap into this future—spotlighting Cebu and the Philippines as emerging global leaders in AI-driven innovation and enterprise transformation. About AscendionAscendion is a leading provider of AI-powered software engineering solutions that help businesses innovate faster, smarter, and with greater impact. We partner with over 400 Global 2000 clients across North America, APAC, and Europe to tackle complex challenges in applied AI, cloud, data, experience design, and workforce transformation. Powered by +11,000 experts and over 2,000 AI agents, a bold culture, and our proprietary Engineering to the Power of AI (EngineeringAI) approach, we deliver outcomes that build trust, unlock value, and accelerate growth. Headquartered in New Jersey, with 40+ global offices, Ascendion combines scale, agility, and ingenuity to engineer what's next. Learn more at About Philtech IncPhiltech Inc., established on April 1, 2003, is a fully owned Global Capability Center of Albertsons Companies Inc. As a premier technology center based in BGC, Philippines, Philtech delivers exceptional IT services, including application and infrastructure support, as well as software development and extensive retail operations. By managing mission-critical information and providing secure, innovative solutions, Philtech plays a pivotal role in enhancing operational efficiency and customer experiences across over 2,200 Albertsons stores in 33 U.S. states. Committed to excellence, Philtech is recognized as a great workplace with 83% (yearly average) of its employees affirming it as a great place to work. View original content to download multimedia: SOURCE Ascendion Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Business Standard
2 days ago
- Business
- Business Standard
Biz2x aims to secure ₹17,000 crore loan disbursal to MSMEs in FY26
Biz2X, a digital lending SaaS platform, is eyeing to disburse Rs 17,000 crore loans to MSMEs in 2025-26 against Rs 14,000 crore in the fiscal ended March 2025. The company said it facilitated over Rs 14,000 crore in loan disbursements through its India operations in 2024-25, continuing with the year-on-year growth of 25-30 per cent. The turnkey global SaaS platform enables financial institutions to provide a customised online lending experience for small and midsize business customers. This growth reflects the company's strong focus on AI-driven product enhancements and deeper solution integration, which is driving new customer acquisition and has strengthened lending infrastructure, said Rohit Arora, co-founder and CEO of Biz2X and Biz2Credit. "We see that if we can maintain the current pace of growth, then we can increase it by another 1520 per cent this fiscal year. Obviously, there are some areas of concern, especially with the global situation regarding US tariffs, because Indian SMEs contribute a large part to Indian exports. A lot of those exporters actually lose credit significantly," he said. "But if that situation settles down quickly, the company will achieve close to 20 per cent growth," Arora said. He expects to achieve Rs 17,000 crore mark this fiscal. Harnessing the increase in digitisation across the world, the advent of artificial intelligence and increasing global expansion, the platform plans to further scale reach and impact across the financial ecosystem amid increasing demand for inclusive access to credit. It is focused on enhancing service delivery in high-growth regions in line with India's rising prominence in the Global Capability Center (GCC) landscape projected to reach USD 110 billion by 2030. On MSMEs, Arora said while the government has taken good policy measures, one key step could be learning from other countries and creating deeper demand for MSME loan portfolios in the capital markets. Once that happens, it becomes a self-sustaining cycle, he added. "Right now, banks lend to MSMEs and hold the loans on their books. There's some securitisation, but nowhere near the level seen in the US or other nations. That's the first thing," he said. The second aspect is the credit guarantee programme run by SIDBI, which has done well, but could be improved further, he added. On the company's expansion plans, Arora said the company has operations in India, the US and the UAE, and is also expanding to Saudi Arabia. The company is focused on diversifying its product portfolio in India and pushing AI-driven solutions. Biz2X, Arora said, is supporting small businesses to address vast credit gaps by leveraging AI-based underwriting using digital footprints.
Zawya
3 days ago
- Business
- Zawya
Dai-ichi Life Group and Capgemini sign multi-year agreement to establish a Global Capability Center in India to drive international digital transformation
SINGAPORE - Media OutReach Newswire - 10 June 2025 – Capgemini, and Dai-ichi Life Holdings, today announced the signing of a multi-year agreement to establish a Global Capability Center (GCC) in India. This landmark agreement is poised to accelerate Dai-ichi Life Group's digital transformation globally. The GCC aims to tap into India's deep pool of skilled professionals to support and enhance its IT and digital strategies. As a result, Dai-ichi Life Group's goal is to significantly strengthen its in-house digital capabilities and technology platforms, driving innovation and operational efficiency on a global scale. This strategic collaboration with Capgemini, which initially spans Japan, the United States, and Australia, will leverage a broad spectrum of the GCC's digital capabilities including advanced software development, infrastructure modernization, AI & data solutions, and robust cybersecurity measures. It is designed with the flexibility to expand into other countries based on market needs and potential, to support the global ambitions of Dai-ichi Life Group. "This strategic partnership with Capgemini supports our long-term ambition to build differentiated, internal capabilities through the establishment of our Global Capability Center," said Tetsuya Kikuta, President and CEO at Dai-ichi Life Holdings. "By adopting a Build-Operate-Transfer model, we are not only accelerating our digital transformation but also laying the foundation for in-house expertise in critical areas such as AI, data, and cybersecurity. This approach sets us apart and strengthens our ability to deliver innovative, high-impact solutions across the Dai-ichi Life Group." Capgemini will bring its end-to-end capabilities at scale, including its strong presence and delivery track record in Japan, the Asia Pacific region and globally, to enable Dai-ichi Life Group's transformation agenda. The partnership will focus on co-innovating solutions that streamline operations, harness the power of data analytics and artificial intelligence, and fortify cybersecurity defenses, all while helping to ensure a seamless and enhanced experience for Dai-ichi Life Group's customers. "This strategic collaboration with Dai-ichi Life Group, a distinguished leader in the insurance sector, comes at a crucial time for the industry. Today, customer service remains one of the most powerful tools for encouraging loyalty and shaping brand perception, and this is increasingly enabled through technology," said Aiman Ezzat, Chief Executive Officer at Capgemini. "This partnership is built on a shared vision to leverage technology and innovation to not only meet but exceed consumer expectations. By combining Dai-ichi Life's deep industry knowledge with Capgemini's global business and technology transformation expertise, including our proven ability to deliver complex solutions, our partnership will help unlock new value for the Dai-ichi Life Group and set new benchmarks in customer service and operational efficiency." Hashtag: #Capgemini The issuer is solely responsible for the content of this announcement. About Capgemini Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market leading capabilities in AI, generative AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2024 global revenues of €22.1 billion. Get The Future You Want | About Dai-ichi Life Group Dai-ichi Life Group was founded in 1902 as Japan's first mutual life insurance company. It became a joint-stock company and was listed on the stock exchange in 2010, before transitioning to a holding company structure in 2016. The Group has since expanded its operations globally, including across the Asia-Pacific region and North America, and now serves over 50 million customers while managing approximately USD 430 billion in consolidated assets. Our IT and Digital strategies enable us to innovate, improve efficiency, and enhance customer experience, while driving long-term growth and sustainability. By your side, for life | Capgemini
Yahoo
3 days ago
- Business
- Yahoo
Dai-ichi Life Group and Capgemini sign multi-year agreement to establish a Global Capability Center in India to drive international digital transformation
Press contact: Pek Kee Sum Tel.: +65 89 40 71 98E-mail: Dai-ichi Life Group and Capgemini sign multi-year agreement to establish a Global Capability Center in India to drive international digital transformation Singapore, June 10, 2025 – Capgemini and Dai-ichi Life Holdings, today announced the signing of a multi-year agreement to establish a Global Capability Center (GCC) in India. This landmark agreement is poised to accelerate Dai-ichi Life Group's digital transformation globally. The GCC aims to tap into India's deep pool of skilled professionals to support and enhance its IT and digital strategies. As a result, Dai-ichi Life Group's goal is to significantly strengthen its in-house digital capabilities and technology platforms, driving innovation and operational efficiency on a global scale. This strategic collaboration with Capgemini, which initially spans Japan, the United States, and Australia, will leverage a broad spectrum of the GCC's digital capabilities including advanced software development, infrastructure modernization, AI & data solutions, and robust cybersecurity measures. It is designed with the flexibility to expand into other countries based on market needs and potential, to support the global ambitions of Dai-ichi Life Group. "This strategic partnership with Capgemini supports our long-term ambition to build differentiated, internal capabilities through the establishment of our Global Capability Center," said Tetsuya Kikuta, President and CEO at Dai-ichi Life Holdings. "By adopting a Build-Operate-Transfer model, we are not only accelerating our digital transformation but also laying the foundation for in-house expertise in critical areas such as AI, data, and cybersecurity. This approach sets us apart and strengthens our ability to deliver innovative, high-impact solutions across the Dai-ichi Life Group.' Capgemini will bring its end-to-end capabilities at scale, including its strong presence and delivery track record in Japan, the Asia Pacific region and globally, to enable Dai-ichi Life Group's transformation agenda. The partnership will focus on co-innovating solutions that streamline operations, harness the power of data analytics and artificial intelligence, and fortify cybersecurity defenses, all while helping to ensure a seamless and enhanced experience for Dai-ichi Life Group's customers. "This strategic collaboration with Dai-ichi Life Group, a distinguished leader in the insurance sector, comes at a crucial time for the industry. Today, customer service remains one of the most powerful tools for encouraging loyalty and shaping brand perception, and this is increasingly enabled through technology,' said Aiman Ezzat, Chief Executive Officer at Capgemini. "This partnership is built on a shared vision to leverage technology and innovation to not only meet but exceed consumer expectations. By combining Dai-ichi Life's deep industry knowledge with Capgemini's global business and technology transformation expertise, including our proven ability to deliver complex solutions, our partnership will help unlock new value for the Dai-ichi Life Group and set new benchmarks in customer service and operational efficiency." About CapgeminiCapgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market leading capabilities in AI, generative AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2024 global revenues of €22.1 The Future You Want | About Dai-ichi Life GroupDai-ichi Life Group was founded in 1902 as Japan's first mutual life insurance company. It became a joint-stock company and was listed on the stock exchange in 2010, before transitioning to a holding company structure in 2016. The Group has since expanded its operations globally, including across the Asia-Pacific region and North America, and now serves over 50 million customers while managing approximately USD 430 billion in consolidated assets. Our IT and Digital strategies enable us to innovate, improve efficiency, and enhance customer experience, while driving long-term growth and your side, for life | Attachment 2025_06_10_Capgemini and Dai-ichi Life Group sign multi-year agreementError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Standard
16-05-2025
- Business
- Business Standard
Forttuna Global Excellence Awards 2025 India Edition: Celebrates Visionaries and Changemakers from Finance,Tech, Manufacturing, and Healthcare
Mumbai, India, 10th May - The Forttuna Global Excellence Awards 2025, held on the 9th and 10th of May at the JW Marriott Mumbai Juhu, stood as a beacon of excellence, honouring individuals whose leadership, innovation, and resilience have redefined industries. From trailblazing technologists and healthcare heroes to transformative strategists and visionary entrepreneurs, these awardees reflect the spirit of modern India. Here, we spotlight seven inspiring leaders who are reshaping the future with purpose and conviction. Premil Dennison: Visionary Strategic Leader of the Year (Technology) Bridgepath Innovations and Premil Dennison are honoured to receive the Visionary Strategic Leader of the Year award, an inspiring milestone in their journey of enabling enterprise transformation. This recognition celebrates their commitment to bridging innovation with tangible value through deep practitioner-led experience. At Bridgepath Innovations, the team partners with C-suite leaders to translate vision into strategy, embed execution discipline, and build resilient, end-to-end capabilities via the Global Capability Center (GCC) model. Rooted in purpose and performance, their approach integrates enterprise goals, talent culture, and customer experience. This award reaffirms their dedication to excellence, innovation, and sustainable impact. Dr. Gaurav Kulkarni: Psychiatrist of the Year (Healthcare) Dr. Gaurav Kulkarni, a young, dynamic psychiatrist, is honoured with the Forttuna Global Excellence Award 2025 for his excellent contribution to Mental health. Founder of Healing Minds Clinic in Mumbai, Dr. Kulkarni has over a decade of clinical excellence, championing awareness and breaking societal stigma around mental health. His scientific acumen, resilience, and integrity make him not only a remarkable practitioner but a role model for emerging professionals in the psychiatric space. His recognition is a tribute to the lives he has touched and continues to heal. Dr. Arindam Mandal: CFO of the Year (Technology) As Director and Chairman of the Board at Bridgetree India, Dr. Arindam Mandal stands tall as a finance leader and visionary strategist. With experience in corporate leadership and governance, he brings robust financial acumen and ethical business practices to the fore. Holding a Doctorate in Business Administration; Finance and recognised as a Certified Corporate Director, MIOD and POSH Practitioner, Dr. Mandal has successfully driven strategic growth while upholding transparency and operational excellence. His ability to fuse leadership with responsibility makes him a trailblazer in India's financial ecosystem. Garvitt S. Jain: Emerging Business Leader of the Year (Manufacturing) Garvitt S. Jain, second-generation leader of Maharashtra Feeds P Ltd, has transformed legacy into leadership. His exceptional technical insights and vision for innovation have positioned the company as a key player in India's animal feed industry. Garvitt's early education and business acumen laid the foundation for a remarkable journey of modernisation and strategic growth. Under his leadership, Maharashtra Feeds has scaled impact not just through operations, but by empowering communities and improving industry standards. This award celebrates his unwavering dedication and future-forward approach. Ashok Bhatt: Business Transformation Leader of the Year & Innovative Business Leader of the Year (Technology) Ashok Bhatt is a transformational leader with over 25 years of experience in business analytics, AI/ML, and digital strategy. He has been instrumental in designing and driving influential innovations like Affluence Index, Rural Potential Index, Micro-Market Platforms, and Traffic Analytics- solutions that have redefined growth and decision-making for leading organizations. With a background in data operations and AI, Ashok blends technical expertise with ethical, human-centric leadership. His work not only fuels business excellence but also fosters inclusive, sustainable progress. Ashok's journey reflects a rare blend of vision, empathy, and impact, powering meaningful change through intelligent innovation. Gaurav Lal: Creative Developer of the Year (Technology) Gaurav Lal, Senior Vice President of Product Design at RateGain Travel Tech, has been honored for his pioneering contributions to UX and digital transformation. With 24 years of experience, he has led data-driven, customer-centric design across leading B2B SaaS platforms. At Accenture, he contributed to the award-winning SBI In-Touch project, and at HFI, helped shape interfaces for global brands. His work blends strategy, technology, and empathy. A passionate advocate of AI-powered design, Gaurav continues to shape the future of meaningful digital experiences. Dr. Charu Malik: Vitreoretina Specialist of the Year Dr. Charu Malik is a Visiting Consultant at Max Super Specialty Hospital, Noida, and Assistant Professor and Consultant VitreoRetina at Sharda University, where she also coordinates the Postgraduate Medical Education Program. An alumna of Maulana Azad Medical College with a fellowship in VitreoRetinal Surgery from Sir Ganga Ram Hospital, she specializes in retinal surgeries, diabetic eye disease, and uveitis. Known for her commitment to teaching and research, she is a frequent speaker at national forums. Dr. Malik's ability to balance academia, clinical practice, and family life makes her a role model for women in medicine and young ophthalmologists.
