Day: September 10, 2024

KUALA LUMPUR, Experts have recommended that the government allocate 2.5 per cent of its gross domestic product (GDP) annually in the budget for public infrastructure maintenance to ensure the long-term sustainability and functionality of national assets. Malaysia Institute of Transport (MiTRANS) director and Universiti Teknologi MARA (UiTM) Associate Professor Dr Wan Mazlina Wan Mohamed said the investment is important to preserve the quality and usability of the country’s infrastructure. ‘The government can help prevent deterioration and extend the lifespan of critical infrastructure assets by committing to this annual maintenance budget. ‘The golden rule of percentage for transportation project maintenance allocation

NEW YORK and LONDON, Quantexa, the global leader in Decision Intelligence solutions, today announced it is forming Quantexa Public Sector, a new global business unit dedicated to empowering public sector agencies around the world to transform government services with AI, automation and trusted data. Quantexa is rapidly building a track record of success in the public sector, helping agencies and departments use their cutting-edge Decision Intelligence Platform to better protect and serve more communities while maximizing operational efficiencies. Quantexa’s achievements in the public sector are being recognized as the company was named one of the top vendors in the inaugural

LONDON, Quantexa, the global leader in Decision Intelligence (DI) solutions for the public and private sectors, today announced that it has been recognized as a Category Leader in the RiskTech Quadrant® for Enterprise Fraud Solutions in Chartis Research’s Enterprise and Payment Fraud Solutions, 2024 Market Update and Vendor Landscape report. The positioning as a leader reflects Quantexa’s strong performance across multiple key criteria, particularly in advanced fraud detection techniques and its robust platform for fraud analytics. The annual Chartis Market Update and Vendor Landscape report notes several key themes in the market for anti-fraud solutions. These include the growing role

PARIS, NEW YORK and ATLANTA, Akur8, the next generation insurance pricing solution powered by transparent machine learning, is thrilled to announce its acquisition of Arius®, an award-winning PandC reserving software for insurers and reinsurers, known for its innovative tools and methodologies that help insurers manage risk and improve financial performance. Boasting a robust U.S. presence and a reputation for excellence, Arius’s portfolio includes 150 insurance and consulting clients and over 1,500 users. More than one third of these clients are top-tier carriers in the U.S. and Canada, reflecting its strong foothold in the Tier 1 and Tier 2 market segments.

NEW YORK, Quantexa, the global leader in Decision Intelligence solutions for the public and private sectors, today announced that it has signed its first contract with the U.S. federal government through a new deal with the U.S. Special Operations Command (USSOCOM). USSOCOM will deploy Quantexa News Intelligence (QNI), an AI-enabled SaaS solution that provides real-time insights from global news data, to identify and monitor emerging risks and aid in making mission-critical decisions. This contract comes on the heels of QNI achieving ‘Awardable’ status through the Tradewinds Solutions Marketplace, the Department of Defense’s suite of tools and services designed to accelerate