Latest news with #Resilient
Yahoo
17 hours ago
- Business
- Yahoo
Konsolidator launches financial data warehouse - Built for finance, not IT
Press release no. 3-2025 Copenhagen, June 3, 2025 Konsolidator launches financial data warehouse - Built for finance, not ITToday, Konsolidator announces the launch of its financial data warehouse, designed specifically for CFOs and finance teams. Built to tackle the data overload facing finance departments, the solution delivers structured, reliable data for reporting without relying on internal IT resources. Part of the product pillar from the company's 2025–2027 'Resilient Growth' strategy, the data warehouse utilizes Konsolidator's core expertise in financial reporting. A new foundation for financial dataKonsolidator's financial data warehouse taps into Konsolidator's existing experience in financial reporting. The purpose of Konsolidator's financial data warehouse is to give finance professionals a clean, structured view of their data, ready for reporting and decision-making. Finance teams today face a clear problem: too much data, from too many systems, and no clear way to use it. ERP systems, CRMs, spreadsheets, and planning tools provide complexity instead of insight. 'It's no longer about access to data—it's about making sense of it. You need a solution built for finance, not developers,' says Lars Højer Paaske, Head of Product at Konsolidator. A solution for teams without the internal IT resources The financial data warehouse is designed for finance teams who want control over their data, without needing internal or external IT experts to build and maintain infrastructure. Fully integrated with Microsoft Fabric and Power BI, the solution enables advanced analytics, transaction-level transparency, and automated reporting workflows. Many companies lack the internal expertise to build or maintain a data warehouse. Konsolidator's hosted solution has built-in governance, security, and compliance—so finance teams can focus on insight, not infrastructure. 2025-2027 strategy: Broader product offerings The financial data warehouse is, together with the upcoming FP&A tool, part of Konsolidator's broader 'Build, Buy or Partner' approach. It is one of four strategic pillars of the Resilient Growth strategy and the first step in launching The Konsolidator Suite—our new platform approach that gives finance teams end-to-end control over their data, from consolidation to reporting, and fits into a more holistic view of finance digital ecosystems. We're building solutions that make CFOs better with reliable data, not just in the monthly reporting, but to feed into the overall strategy. 'This is the first step into something bigger,' says CEO Claus Finderup Grove. 'We're moving beyond 'just being a consolidation product' to become a central part of the entire finance department. We believe finance teams already have the right skills and data—they just need the right tools to use it.'Contacts CEO: Claus Finderup Grove, mobile +45 2095 2988, cfg@ CFO: Jack Skov, mobile +45 2282 8845, js@ About KonsolidatorKonsolidator A/S is a financial consolidation software company whose primary objective is to make Group CFOs around the world better through automated financial consolidation and reporting in the cloud. Created by CFOs and auditors and powered by innovative technology, Konsolidator removes the complexity of financial consolidation and enables the CFO to save time and gain actionable insights based on key performance data to become a vital part of strategic decision-making. Konsolidator was listed on the Nasdaq First North Growth Market Denmark in 2019. Ticker Code: KONSOL Attachment Press Release no. 3-2025 - DwH
Yahoo
17 hours ago
- Business
- Yahoo
Konsolidator launches financial data warehouse - Built for finance, not IT
Press release no. 3-2025 Copenhagen, June 3, 2025 Konsolidator launches financial data warehouse - Built for finance, not ITToday, Konsolidator announces the launch of its financial data warehouse, designed specifically for CFOs and finance teams. Built to tackle the data overload facing finance departments, the solution delivers structured, reliable data for reporting without relying on internal IT resources. Part of the product pillar from the company's 2025–2027 'Resilient Growth' strategy, the data warehouse utilizes Konsolidator's core expertise in financial reporting. A new foundation for financial dataKonsolidator's financial data warehouse taps into Konsolidator's existing experience in financial reporting. The purpose of Konsolidator's financial data warehouse is to give finance professionals a clean, structured view of their data, ready for reporting and decision-making. Finance teams today face a clear problem: too much data, from too many systems, and no clear way to use it. ERP systems, CRMs, spreadsheets, and planning tools provide complexity instead of insight. 'It's no longer about access to data—it's about making sense of it. You need a solution built for finance, not developers,' says Lars Højer Paaske, Head of Product at Konsolidator. A solution for teams without the internal IT resources The financial data warehouse is designed for finance teams who want control over their data, without needing internal or external IT experts to build and maintain infrastructure. Fully integrated with Microsoft Fabric and Power BI, the solution enables advanced analytics, transaction-level transparency, and automated reporting workflows. Many companies lack the internal expertise to build or maintain a data warehouse. Konsolidator's hosted solution has built-in governance, security, and compliance—so finance teams can focus on insight, not infrastructure. 2025-2027 strategy: Broader product offerings The financial data warehouse is, together with the upcoming FP&A tool, part of Konsolidator's broader 'Build, Buy or Partner' approach. It is one of four strategic pillars of the Resilient Growth strategy and the first step in launching The Konsolidator Suite—our new platform approach that gives finance teams end-to-end control over their data, from consolidation to reporting, and fits into a more holistic view of finance digital ecosystems. We're building solutions that make CFOs better with reliable data, not just in the monthly reporting, but to feed into the overall strategy. 'This is the first step into something bigger,' says CEO Claus Finderup Grove. 'We're moving beyond 'just being a consolidation product' to become a central part of the entire finance department. We believe finance teams already have the right skills and data—they just need the right tools to use it.'Contacts CEO: Claus Finderup Grove, mobile +45 2095 2988, cfg@ CFO: Jack Skov, mobile +45 2282 8845, js@ About KonsolidatorKonsolidator A/S is a financial consolidation software company whose primary objective is to make Group CFOs around the world better through automated financial consolidation and reporting in the cloud. Created by CFOs and auditors and powered by innovative technology, Konsolidator removes the complexity of financial consolidation and enables the CFO to save time and gain actionable insights based on key performance data to become a vital part of strategic decision-making. Konsolidator was listed on the Nasdaq First North Growth Market Denmark in 2019. Ticker Code: KONSOL Attachment Press Release no. 3-2025 - DwHMelden Sie sich an, um Ihr Portfolio aufzurufen.
Time of India
14-05-2025
- Business
- Time of India
BFSI not ready to tackle Quantum Computing threats, says study
1 2 Hyderabad: As the world moves towards quantum computing (CQ), there is a critical need for India's banking, financial services, and insurance ( BFSI ) sector to gear up for the unique threats it poses, said a report prepared by ISB Institute of Data Science (IIDS).Titled ' Quantum Resilient Banking : Strategies for a Secure Transition,' the study found a very limited understanding of quantum computing among BFSI CISOs and CTOs, with post-quantum cryptography (PQC) readiness at an average of only 2.4 out of 5, indicating insufficient preparation. According to the study, 57.5% of those surveyed said they anticipate quantum computing to become a substantial threat within three years. This is even as phishing attacks (65%), DDoS attacks (47.5%), and social engineering (40%) have already emerged as the most frequent threats over the past year."The analysis demonstrates how technological and telecommunications progress has transformed cybersecurity risks. Whilst quantum computing presents opportunities, it threatens existing Public Key Cryptography (PKC) algorithms," the study said. Quantum computing uses principles of quantum mechanics to tackle complex computational challenges. Unlike traditional computers that use binary bits, quantum computers leverage quantum physics principles such as superposition, tunnelling, entanglement, and research paper, which examined crucial vulnerabilities and inadequate preparedness for PQC implementation amongst BFSI CISOs and CTOs, has mooted a PQC migration framework for the BFSI sector that ensures minimal infrastructure disruption, straightforward deployment, and future-ready architecture. It has recommended swift PQC adoption, govt-led guidelines establishment, quantum-resistant technology research funding, enhanced stakeholder cooperation, and improved cybersecurity education. It also stresses the importance of govt-established migration timelines and algorithm selection Manish Gangwar, executive director, IIDS, said the report helps understand and address the unique challenges that quantum computing poses to the BFSI sector in India by highlighting vulnerabilities and providing a framework for PQC migration to empower organisations to proactively safeguard data and maintain trust in the digital age.
Zawya
30-04-2025
- Business
- Zawya
Egypt showcases digital ambitions at AmCham Investment Conference
Cairo, Egypt — Egypt is strengthening its position as a global hub for digital business services and technology innovation. At the American Chamber of Commerce in Egypt's Investment Conference, held on April 29, Ahmed El-Zaher, CEO of the Information Technology Industry Development Agency (ITIDA), participated in a high-level panel discussion titled 'A Hub for Digital Innovation: Untapped Opportunities.' During the session, El-Zaher underscored Egypt's expanding role in the global offshoring landscape, citing its strategic geographical location, multilingual and cost-effective talent pool, and continued public investment in digital infrastructure and innovation ecosystems. 'Egypt offers an exceptional platform for investors and technology companies aiming to scale regionally and globally,' said El-Zaher. 'With over 760,000 university graduates annually—including 50,000 in ICT, approximately 171,000 in finance and accounting, and 28% in STEM fields—combined with 80% foreign-language proficiency among the workforce, Egypt stands out in the global services market.' He added that Egypt delivers cost savings of up to 68% in outsourcing operations —across contact centers, business process services, IT, engineering R&D, and embedded software—compared to traditional outsourcing destinations. A Mature Destination for Services Delivery El-Zaher also emphasized ITIDA's strategic priorities: attracting foreign direct investment (FDI), accelerating digital skills development, and advancing Egypt's IT offshoring ecosystem. 'Egypt is already home to more than 205 global service delivery centers—cementing its position as a leading offshoring destination and a rising hub for high-value digital services,' he said. Scaling Egypt's Digital Talent Pipeline ITIDA CEO spotlighted key government-led programs aimed at equipping youth with market-ready digital skills. These initiatives, driven by the Ministry of Communications and Information Technology (MCIT) and delivered through affiliated institutions such as the Information Technology Institute (ITI) and the National Telecommunication Institute (NTI), aim to train 500,000 individuals in 2024–2025. 'Our 'Train-to-Hire' model ensures talent isn't just trained—it's job-ready,' El-Zaher noted. 'Through close collaboration with institutions like ITI and NTI, we're closing the gap between education and industry demands.' A High-Profile Industry Dialogue The panel featured an influential lineup of speakers: Mr. Ahmed Yehia, CEO of Fintech and Digital Lifestyle at e& Egypt Ms. Amal Enan, Managing Partner at 500 Global Mr. Todd Wilcox, Co-Chair of AmCham's Banking Committee and CEO and Deputy Chair of HSBC Mr. Mohamed Refaie Ahmed, Global Enterprise Networking Services Practice Leader at IBM The discussion was moderated by Mr. Hossam Seifeldin, Co-Chair of AmCham's Digital Transformation Committee and CEO of Capgemini Egypt. Towards Resilient Growth Held under the theme 'Towards Resilient Growth: Egypt's Future as an Investment Hub', the AmCham conference brought together a distinguished audience of policymakers, business leaders, and global investors. The event explored Egypt's growing competitiveness as a destination for foreign capital and innovation-driven investment.
Yahoo
27-04-2025
- Business
- Yahoo
President Trump's FEMA cuts have major local impacts in SC. Here's an example
Before recent cuts at the federal level, the Federal Emergency Management Agency was supposed to help pay the majority of an engineering project that would've protected South Carolinians from flooding. The FEMA program that would've supported this flooding project in Conway, Building Resilient Infrastructure and Communities (BRIC), was first established by Congress during the first Trump Administration in 2018. The loss of this federal funding means that the project has been halted after completing the first phase of construction. The next time there's a big storm in northeastern South Carolina, these inland neighborhoods could experience major flooding damage again. This loss of funding isn't just happening in Conway or in South Carolina. Recently, a memo about future federal funding the wake of natural disasters talked about making it more difficult for states to get federal aid starting this hurricane season. In March, President Donald Trump signed an executive order that tells state and local governments to play a bigger role in preparing for disasters. The executive order comes after Trump visited Los Angeles during the wildfires in January. 'I say you don't need FEMA, you need a good state government,' Trump said at the time. 'FEMA is a very expensive, in my opinion, mostly failed situation.' At this point, there hasn't been another source of local funding that's been identified to finish the flood mitigation project in Conway, according to city spokesperson June Wood. The project was already years in the making, with city resources spent on the application process and initial design plans. Wood said the last wire of FEMA funding for this project, known as the Chestnut Bay Resiliency Project, was in late March 2025. The overall cost for Phase 1 of the project is shared by FEMA and the city, Wood said. Grant Award Date: August 25, 2023 Total Federal Share (75%): $136,125 (FEMA pays) Total Non-Federal Share (25%): $45,375 (City pays) Management Costs (100%) $9,075 (FEMA pays) Total Project Cost Phase 1: $190,575 Out of the above cost breakdown, Wood explained that they have been reimbursed $75,442.50. The city will still be short $69,757.50 for Phase 1. These cuts have halted further progress for Conway's Chestnut Bay Resiliency Project, according to Wood. In response to request for comment about the FEMA cuts in Conway, Wood sent the following statement to The Sun News on behalf of the city: 'The City of Conway has been notified that the Building Resilient Infrastructure and Communities (BRIC) Grant awarded for the Chestnut Bay Resiliency Project has been officially cancelled. As a result, work on Phase 1 engineering and design has been halted,' the statement read. 'Since 2019, City staff, community partners, and residents have invested significant time and effort into the development of this project, which was envisioned to address ongoing flooding concerns while creating enhanced recreational opportunities for the community. The cancellation of this grant introduces many uncertainties for the future of the project, as there is currently no identified funding source to move forward. We thank the community for its continued support and engagement, and we will provide updates as we navigate the path forward.' After multiple emails and phone calls, FEMA spokespeople sent the same quoted statement to The Sun News that they had included in their national press release about the BRIC program getting cut. Despite questions that asked for a direct response about the FEMA cuts in Conway, SC, there was no mention to northeastern South Carolina, Conway or Horry County. Instead, the agency sent the below statement about how much money will be saved as a result to these cuts. 'Approximately $882 million of funding from the Infrastructure Investment and Jobs Act will be returned to the U.S. Treasury or reapportioned by Congress in the next fiscal year,' an email from a FEMA spokesperson stated. 'The 2021 law made $1 billion available for BRIC over five years, $133 million to date has been provided for about 450 applications. FEMA estimates more than $3.6 billion will remain in the Disaster Relief Fund to assist with disaster response and recovery for communities and survivors.' The city's statement indicates that there is no secured funding source to continue on to Phase 2. Wood said Phase 2 would have begun after Phase 1's completion. Phase 2's estimated cost was $2,528,900, with FEMA funding 75% of that cost, plus $135,520 in management costs. For the Phase 1 engineering and the Phase 2 construction, the total project cost is $2,710,400, not including management costs, according to Wood. In that case, FEMA would pay in total $2,032,800 and the City share is $677,600. These figures do not include management costs, which FEMA also would have paid at 100%, Wood said.
