Latest news with #digitalmigration
Yahoo
a day ago
- Business
- Yahoo
Uniting Financial Services, Australia Subscribes to Infosys Finacle's Digital Banking SaaS Suite on AWS Cloud
Collaboration sets a new industry benchmark with end-to-end core and digital channel migration completed in just five months BENGALURU, India and MELBOURNE, Australia, Aug. 20, 2025 /PRNewswire/ -- Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), today announced its collaboration with Uniting Financial Services (UFS), a charitable development fund in Australia, to implement the next-gen Finacle Digital Banking Suite. The move from UFS' incumbent platform to Finacle Software-as-a-Service (SaaS) on AWS cloud was completed in less than five months. This was enabled by the Finacle Australian Reference Bank Model - a solution with preconfigured products, processes, interfaces, and compliance rules. The implemented Finacle Digital Banking Suite includes the Finacle Core Banking, Finacle Digital Engagement Hub, Finacle Online Banking, Finacle Mobile Banking, Finacle Customer Data Hub, and Finacle Alerts. This collaboration will enable UFS to transform its operations, helping enhance business agility, compliance, and operational efficiency. It will also help UFS to provide a world-class digital experience for its customer base, introduce new offerings faster and scale seamlessly, in line with its purpose-driven growth strategy. In addition, the next-gen Finacle Digital Banking Suite will enable UFS to: Deliver richer digital experiences through intuitive, omnichannel self-service capabilities across mobile and online platforms. Expand its investment product offerings, scale deposits, and grow its commercial loan business. Connect with partners easily through open APIs, driving both innovation and operational gains. Unlock resilience, on-demand scalability and reliable performance with cloud-native SaaS services and AWS infrastructure. Build a secure, cloud-native banking environment leveraging several AWS services including Amazon RDS for backend databases, Amazon EKS for managed Kubernetes, and AWS WAF for firewall protection. John McComb, Chief Risk Officer and Acting CEO, Uniting Financial Services, said: "We are delighted to announce the successful go-live of the Finacle platform. Our goal was to modernise our core banking and digital capabilities to enhance the experience for clients. With Infosys Finacle, we have found a long-term technology partner, with the ability to deliver a future-ready platform that meets the needs of our operations today and supports our ambitions for tomorrow in a rapidly evolving financial services landscape." Jamie Simon, Director, Banking and Financial Services (A/NZ), AWS, said, "Our collaboration with Infosys Finacle demonstrates AWS's commitment to helping financial institutions modernise and innovate to deliver business value. Uniting Financial Services reinforces how AWS's secure and resilient cloud infrastructure enables financial services organisations to transform their banking operations and enhance digital experiences for customers. We're proud to support UFS in their mission to deliver purpose-led financial services." Sajit Vijayakumar, Chief Executive Officer, Infosys Finacle, said, "We are delighted to collaborate with Uniting Financial Services on their transformation journey. Going live on Finacle SaaS in record time is a testament to our commitment to modern banking and customer-centric innovation. This rapid deployment underscores the power of a truly digital, cloud-native platform that's built for agility, compliance, and scale. For community banks in the region looking to modernize without the pain of legacy transformation, this is proof that next-gen banking is not just possible - it's achievable, fast." About Infosys Finacle Finacle is an industry leader in digital banking solutions. We are a unit of EdgeVerve Systems, a wholly-owned product subsidiary of Infosys (NSE, BSE, NYSE: INFY). We partner with emerging and established financial institutions to help inspire better banking. Our cloud-native solution suite and SaaS services help banks engage, innovate, operate, and transform better to scale digital transformation with confidence. Finacle solutions address the core banking, lending, digital engagement, payments, cash management, wealth management, treasury, analytics, AI, and blockchain requirements of financial institutions. Today, banks in over 100 countries rely on Finacle to help more than a billion people and millions of businesses to save, pay, borrow, and invest better. For more information, visit Safe Harbor Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as artificial intelligence ("AI"), generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2025. These filings are available at Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law. View original content: SOURCE Infosys
Yahoo
13-08-2025
- Business
- Yahoo
Fatface to close all US stores and to focus on digital operations
Fashion chain Fatface is set to close all 23 of its stores in the US, transitioning its North American operations entirely to online. Media reports indicate that escalating operational expenses and economic headwinds are the primary reasons for moving away from brick-and-mortar outlets. Fatface CEO Will Crumbie was quoted by Express as saying: "While with any digital migration it can take time, this move will give us additional digital capabilities to enhance the experience for our customers and more seamlessly manage our operations." FatFace operates a network of more than 191 stores in the UK, six in the Republic of Ireland and 20 locations in the US and Canada, alongside a robust social media presence. In 2023, the brand was incorporated into Next. Meanwhile, Fatface is expanding its footprint in the UK market by inaugurating three new stores, renovating seven and refreshing the facades of 28 others during 2025. The B Corp-certified [indicating high social and environmental performance, transparency and accountability standards, verified by the non-profit network B Lab] company also plans to venture into additional international markets via its digital platform soon. In March 2025, FatFace announced that it had improved its B Corp score from 80.4 to 89.1 following a recertification process. "Fatface to close all US stores and to focus on digital operations" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 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
Yahoo
30-06-2025
- Business
- Yahoo
Land Mobile Radio Market to Exceed USD 69.11 Billion by 2032, Driven by 11.84% CAGR Growth
Land Mobile Radio (LMR) Market growth is driven by digital migration, hybrid LMRLTE/cloud integration, interoperability needs in public safety/defense, and cybersecurity enhancement. Austin, June 29, 2025 (GLOBE NEWSWIRE) -- Land Mobile Radio Market Size & Growth Insights: According to the SNS Insider Report, 'The Land Mobile Radio Market Size was valued at USD 24.24 billion in 2023 and is expected to reach USD 69.11 billion by 2032 and grow at a CAGR of 11.84% over the forecast period 2025-2032.' Land Mobile Radio Market Evolves with Rising Demand for Secure Communication Across Critical Industries The Land Mobile Radio (LMR) segment is experiencing high evolutionary growth, primarily due to increasing demand for indispensable and secure communication through LMR systems, across the industries such as public safety, transportation, utilities, and defense sectors. This allows voice conversations to be carried out at the same time, which is crucial in the event of an emergency or other mission-critical operation. The transition to digital technologies has strengthened LMR ability by increasing audio clarity, greater range, and higher interoperability. Get a Sample Report of Land Mobile Radio Market @ Regional Trends: North America Leads, Asia-Pacific Surges Ahead The Land Mobile Radio (LMR) market in 2023 was led by North America, which represented approximately 38% of revenue, and the United States was the leader in the region. That leadership is backed by historical investments in public safety and advanced communication infrastructure. From 2024 to 2032, the Asia-Pacific region is expected to be the fastest-growing market for Land Mobile Radio (LMR) systems, with China leading the charge in the region. China is a dominant market due to the growing need for these systems caused by rapid industrialization, smart city developments, and growing public safety infrastructures. Europe is another substantial LMR market, supported by a robust public safety sector as well as transportation and utility markets. The adoption is positive for some countries including the likes of Germany and the UK which are taking steps towards modernization of their infrastructure and investing in a new secured communication infrastructure. Land Mobile Radio (LMR) systems are growing due to increasing infrastructure development, urban security requirements, and industrial expansion in the Middle East, Africa, and Latin America. Adoption is currently being driven by public safety and commercial investments in countries such as Brasil, UAE, and South Africa. Land Mobile Radio Market Report Scope: Report Attributes Details Market Size in 2023 USD 25.24 Billion Market Size by 2032 USD 69.11 Billion CAGR CAGR of 11.84% From 2024 to 2032 Report Scope & Coverage Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook Key Segments • By Type (Portable, Vehicle-Mounted (Mobile))• By Technology (Digital, Analog)• By Frequency Band (30-50 MHz (Low VHF Band), 150-172 MHz (High VHF Band), 450-470 (UHF))• By Application (Defense and Public Safety, Commercial, Construction, Transportation, Others) Purchase Single User PDF of Land Mobile Radio Market Report (20% Discount) @ Land Mobile Radio Market Thrives on Portable Devices, Digital Tech, and Defense Sector Demand Surge By Type Portable segment accounted for 60% share in the Land Mobile Radio (LMR) market in 2023, owing to high demand of mobility and ease of operation in field. Many sectors, from pubic safety to defence, to transportation, widely use portable LMR devices because of their toughness, ability for instantaneous communication in an open crowd, and ability to easily function in a challenging environment. From 2024 to 2032, the Land Mobile Radio (LMR) market is segmented by type into the vehicle-mounted (mobile), backpack (portable), and handheld types and is estimated to be the fastest growing segment due to an increase in demand for reliable communication while on the move. By Technology In 2023, the revenue share of the Land Mobile Radio (LMR) market of digital segment accounted for around 69%, showcasing the increasing shift from analog to digital systems. Compared to analog LMR, digital LMR has higher quality audio, more spectrum-efficient usage, and many sophisticated functions (e.g., encryption, GPS). The analog segment is anticipated to gain the highest market share and will be the fastest-growing segment in the Land Mobile Radio (LMR) market in terms of value from 2024 to 2032, due to its cost-effectiveness and simplicity. In particular, small- and medium-sized enterprises (SMEs) in developing areas are using analog systems for fundamental voice communication requirements. By Frequency Band The 450–470 MHz (UHF) spectrum dominated the Land Mobile Radio (LMR) market, accounting for nearly 59% of total revenue in 2023. It performs strongly due to improved signal penetration in urban/indoor areas, which make it suitable for public safety, and commercial and transportation applications. By Application In 2023, the Land Mobile Radio (LMR) market was dominated by the Defense and Public Safety segment, which accounted for close to 45% of overall revenue. This is primarily because secure, immediate communication is vital in emergency response, law enforcement and military operations, where reliable and swift coordination is paramount. Leading Market Players with their Product Listed in this Report are: L3Harris Technologies Kenwood Corporation Simoco Wireless Solutions RELM Wireless Corporation Motorola Solutions Leonardo SpA Icom Inc. Hytera Communications JVC Tait Thales Group Sepura Limited Do you have any specific queries or need any customized research on Land Mobile Radio Market? Submit your inquiry here @ Recent Developments: In June 2025, L3Harris enhanced disaster response capabilities by deploying Falcon® radios with P25 Trunking. In May 2025, Kenwood USA partnered with PowerTrunk to offer turn-key P25 mobile/portable radios and infrastructure, targeting public safety deployments. Table of Contents - Major Key Points 1. Introduction 2. Executive Summary 3. Research Methodology 4. Market Dynamics Impact Analysis 5. Statistical Insights and Trends Reporting 6. Competitive Landscape 7. Land Mobile Radio Market, by Type 8. Land Mobile Radio Market, by Technology 9. Land Mobile Radio Market, by Frequency Band 10. Land Mobile Radio Market, by Application 11. Regional Analysis 12. Company Profiles 13. Use Cases and Best Practices 14. Conclusion About Us: SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world. CONTACT: Contact Us: Jagney Dave - Vice President of Client Engagement Phone: +1-315 636 4242 | +44- 20 3290 5010 (UK)Sign in to access your portfolio
