Category: Fusionex

Fusionex Drives Digital Insurance Initiative For Major Insurance Player

Fusionex, a multi-award-winning, leading data technology provider specializing in Analytics, Big Data, Machine Learning, and Artificial Intelligence (AI), has commenced a digital insurance initiative for leading Takaful insurance company STMB. Takaful Malaysia’s online sales portal “Click for Cover” was launched at a grand ceremony and signalled the digital transformation of their business processes with Fusionex technology. The launch ceremony was officiated by Datuk Seri Johari Abdul Ghani, Finance Minister II, and marked the beginning of a seamless customer experience in purchasing and renewing insurance policies online via data-centric approach.

Leveraging Fusionex technology, Takaful’s digital insurance initiative is able to help customers process their applications, issue quotations, perform underwriting, send cover notes and e-documents via a customer-focussed and seamless online platform. The platform focuses on providing the best service to its customers, with the ability to understand each customer in a more personalized way. This is in line with Takaful’s strategy of reaching out to its prospects and customers anywhere, anytime and anyhow, while having the ability to introduce newer products and targeted features that their customers will find more useful and relevant to their specific needs.

The launch also witnessed the signing of a memorandum of agreement between Fusionex and Takaful, as well as signings between Takaful and Remark, a digital marketing company. Collaboration agreements for online distribution with Lembaga Tabung Haji (LTH) and Bank Islam (BIMB) were also signed to introduce online Takaful products to depositors of LTH and customers of BIMB.

Fusionex Group CEO Dato’ Seri Ivan Teh said, “Innovation needs to be at the core of businesses, as this differentiates the leaders versus the followers. Today, we are pleased to witness Takaful Malaysia making great strides in this direction. Fusionex is delighted to be a key partner in Takaful Malaysia’s exciting digital transformation journey, and we are confident that this initial success will lead to many more success stories with Takaful Malaysia.”

Takaful Malaysia Group CEO Dato’ Sri Mohamed Hassan Kamil said, “Today’s launch of our digital strategy plan signifies our commitment towards revolutionizing the way we will grow our business by digitally transforming our sales and operations. By embracing digital tools and technology to offer up differentiated product offerings and services, we will delight our customers with a better user experience, enhanced protection products and high quality service. Our customers will benefit from an integrated multi-channel experience and this is part of our ongoing efforts to stay ahead of the curve.”

Datuk Seri Johari Abdul Ghani, Finance Minister II stated, “Today’s launch of Takaful Malaysia’s digital strategy is very much in line with the overall digital strategy outlined by the Government in growing the digital economy.”

Ivan Teh

The “Click for Cover” portal, which is powered by Fusionex technology, provides a data-centric, easy-to-use interface for customers to access the company’s products online with e-payment facilities and real-time underwriting capabilities. “Click for Cover” has the first fully integrated medical underwriting engine online in Malaysia where rating decisions will be generated online. Currently, the portal offers Motor, Personal Accident (PA) and Medical products. More products such as Term Life, Critical Illness and Travel PA Takaful will be made available later this year.

Dato’ Sri Hassan Kamil said, “Our strategic partnership with Fusionex and Remark is in line with our business goals to make our digital strategy the key driver of our innovation efforts, thereby boosting our competitiveness and powering future growth.”

Dato’ Seri Ivan Teh commented, “In this data-driven age, embracing data technology is no longer a luxury, but rather a must if one wants to remain relevant and competitive. The ultimate goal of digital transformation is great user experience; hence it’s crucial that we work with our customers to focus on the consumer and the user journey, leveraging powerful technology. We believe that it is only through this lens and a user-centric approach will businesses be able to thrive and scale to greater heights.”

For other related news click here: https://www.businesswire.com/news/home/20180402005416/en/Fusionex-Rolls-Major-Platform-Korean-Mega-Resort

Fusionex Drives Digital Insurance Initiative For Major Insurance Player

KUALA LUMPUR, Malaysia–(BUSINESS WIRE)–Fusionex, a multi-award-winning, leading data technology provider specializing in Analytics, Big Data, Machine Learning, and Artificial Intelligence (AI), has commenced a digital insurance initiative for leading Takaful insurance company STMB. Takaful Malaysia’s online sales portal “Click for Cover” was launched at a grand ceremony and signalled the digital transformation of their business processes with Fusionex technology. The launch ceremony was officiated by Datuk Seri Johari Abdul Ghani, Finance Minister II, and marked the beginning of a seamless customer experience in purchasing and renewing insurance policies online via data-centric approach.
Leveraging Fusionex technology, Takaful’s digital insurance initiative is able to help customers process their applications, issue quotations, perform underwriting, send cover notes and e-documents via a customer-focussed and seamless online platform. The platform focuses on providing the best service to its customers, with the ability to understand each customer in a more personalized way. This is in line with Takaful’s strategy of reaching out to its prospects and customers anywhere, anytime and anyhow, while having the ability to introduce newer products and targeted features that their customers will find more useful and relevant to their specific needs.
The launch also witnessed the signing of a memorandum of agreement between Fusionex and Takaful, as well as signings between Takaful and Remark, a digital marketing company. Collaboration agreements for online distribution with Lembaga Tabung Haji (LTH) and Bank Islam (BIMB) were also signed to introduce online Takaful products to depositors of LTH and customers of BIMB.
Fusionex Group CEO Dato’ Seri Ivan Teh said, “Innovation needs to be at the core of businesses, as this differentiates the leaders versus the followers. Today, we are pleased to witness Takaful Malaysia making great strides in this direction. Fusionex is delighted to be a key partner in Takaful Malaysia’s exciting digital transformation journey, and we are confident that this initial success will lead to many more success stories with Takaful Malaysia.”

Fusionex
Takaful Malaysia Group CEO Dato’ Sri Mohamed Hassan Kamil said, “Today’s launch of our digital strategy plan signifies our commitment towards revolutionizing the way we will grow our business by digitally transforming our sales and operations. By embracing digital tools and technology to offer up differentiated product offerings and services, we will delight our customers with a better user experience, enhanced protection products and high quality service. Our customers will benefit from an integrated multi-channel experience and this is part of our ongoing efforts to stay ahead of the curve.”
Datuk Seri Johari Abdul Ghani, Finance Minister II stated, “Today’s launch of Takaful Malaysia’s digital strategy is very much in line with the overall digital strategy outlined by the Government in growing the digital economy.”

The “Click for Cover” portal, which is powered by Fusionex technology, provides a data-centric, easy-to-use interface for customers to access the company’s products online with e-payment facilities and real-time underwriting capabilities. “Click for Cover” has the first fully integrated medical underwriting engine online in Malaysia where rating decisions will be generated online. Currently, the portal offers Motor, Personal Accident (PA) and Medical products. More products such as Term Life, Critical Illness and Travel PA Takaful will be made available later this year.
Dato’ Sri Hassan Kamil said, “Our strategic partnership with Fusionex and Remark is in line with our business goals to make our digital strategy the key driver of our innovation efforts, thereby boosting our competitiveness and powering future growth.”
Dato’ Seri Ivan Teh commented, “In this data-driven age, embracing data technology is no longer a luxury, but rather a must if one wants to remain relevant and competitive. The ultimate goal of digital transformation is great user experience; hence it’s crucial that we work with our customers to focus on the consumer and the user journey, leveraging powerful technology. We believe that it is only through this lens and a user-centric approach will businesses be able to thrive and scale to greater heights.” https://mystarjob.com/job/company.aspx?eid=20438

Fusionex wins MAB data management contract

Fusionex, a multi-award-winning, leading software solutions provider specializing in Big Data Analytics (BDA), the Internet of Things (IoT), Artificial Intelligence, and Machine Learning, has been awarded a contract of significant value with Malaysia Airlines Berhad (“MAB”) to provide a group-wide data management platform that will increase work efficiency and ease of communications within its group.

MAB seeks to address the challenges encountered by its thousands of employees to work and communicate efficiently. With millions of travelers flying on MAB every month to almost 60 destinations, MAB requires a scalable platform to cope with the volume as well as complexity of data and information gathered, in MAB’s bid to better serve its customers and staff.

Ivan Teh

The platform will allow for collaboration within the company and also facilitates messaging and information sharing between employees. With all employees using the same platform, any communication, whether textual, imaging etc. would be accessible quickly and easily.

Apart from work purposes, the platform will allow employees to participate in leisure activities for an optimized work-life balance to be achieved. An enterprise social network feature will be deployed for employees to use as a social collaboration tool, in line with MAB’s objective to promote a strong and united corporate community.

Dato’ Seri Ivan Teh, Fusionex CEO, commented: “This initiative is applauded as it is targeted to bring Malaysia Airlines’ corporate performance to greater heights, as well as to foster closer communication among MAB employees. Coordinating thousands of employees with a huge amount of data across the globe is no small feat. This win showcases the vast potential for data management and data technology to empower a variety of sectors including aviation towards digital transformation, and we are delighted to be a part of this journey with Malaysia Airlines.” https://www.nst.com.my/business/2018/02/332209/fusionex-wins-mab-data-management-contract

Preparing the young for digital careers

Malaysia’s first-ever science and technology fair – #mydigitalmaker Fair 2017 – was a major success with more than 20,000 visitors turning up to view and experience digital projects created by students.

The two-day youth-engagement event organised by Malaysia Digital Economy Corporation (MDEC) took place at Hall 6 of the Kuala Lumpur Convention Centre. It was held in conjunction with the Petrosains Science Festival 2017.

fusionex ivan teh

The event focused on creating awareness among students and parents on how technology will play a huge part in the future job landscape.

It also celebrated the ingenious creations and achievements of top young digital makers and further inculcated their passion in digital making.

Supported by the Communication and Multimedia and Education ministries, #mydigitalmaker Fair 2017’s aim was ultimately about shaping tomorrow’s digital leaders of Malaysia and further accelerating Malaysia’s digital economy.

In line with these themes, MDEC’s #mydigitalmaker Fair featured plenty of creative and innovative digital projects from young Malaysian students who utilised many recyclable elements to build their technologies.

Additionally, there were multiple pitching sessions and project demos that featured globally recognised and award-winning teams who represented their respective schools at the highest level of competition.

Among the sharing sessions, the highlight of the weekend was the “Battle of the Digital Ninjas” segment which had student teams who trained under the Digital Ninja Programme taking the stage to pitch their ideas to a panel of judges.

The students, having undergone a series of digital upskilling and leadership courses with world-renowned technology companies as well as experiencing educational and experiential trips to Silicon Valley, stole the show as they presented their ideas on solving real-life problems during the “Shark Tank” like segment.

The judging panel featured MDEC chief executive officer Datuk Yasmin Mahmood, Fusionex managing director Fusionex Ivan Teh, Economic Planning Unit (EPU) deputy director-general Johan Mahmood Merican, Nano Malaysia Bhd chief executive officer Dr Rezal Khairi Ahmad, MDT Innovations chief operating officer Sim Hon Wai, Teak Capital Management managing director Chok Kwee Bee and Microsoft Malaysia Legal, Government and Corporate director Jasmine Begum.

The first prize went to Team Unmei for its idea to encourage people in urban areas to plant more greens through its Cloud Farm app. The team consisted of Putera Faizal, Vinishwaran, Nurina Huda and Ain Sofena from Sekolah Tun Fatimah and SMK Taman Megah Ria, Johor.

“I didn’t expect to win the first prize and now that my team has won, I am more confident and motivated to pursue digital technology courses in the future and become a successful software engineer.

“We were inspired by the popular game FarmVille, and thought of coming up with something that can protect the environment,” said Team Unmei leader Ain Sofena.

Team Unmei won RM1,275 during its pitch. In an unscripted moment, Teh generously added RM10,000 more to support the team’s ideation.

“Technology is growing rapidly and we are constantly surprised with new findings and innovative achievements. In the future, many jobs will require digital competency and this is the best time for us to start educating our children and their parents about technology and its impact to the country’s digital economy.

“Through #mydigitalmaker Fair, we get to highlight the many career options in store for these bright young minds and we allow them to experiment with many elements of technology such as coding, robotics, animation and many others, so they can choose what they want to be in the future,” said Yasmin.

Parents and students who visited the fair also had the chance to understand further that careers in the digital technology industry are as important and in demand as conventional choices.

They also quickly discovered how there are ample resources and initiatives that the Government and private institutions have developed in their effort to nurture more digital creatives and innovators. These include Robotics, 3D printing, Augmented Reality (AR), Virtual Reality (VR) and Data Analytics sectors.

The #mydigitalmaker Fair 2017 also saw many educational activities, career talks with key industry players Streamline Studios, Les ‘Copaque, and IBM, a “brain-picking” session called “CEOs and Kids” with guest CEOs from local digital technology companies such as The Lorry, Kitamen, YouthsToday.com, TudiduT Studio and Kurechii. The latter had the CEOs share their thoughts on what future careers would be. https://www.thestar.com.my/metro/metro-news/2017/09/23/preparing-the-young-for-digital-careers-fair-a-showcase-of-students-creativity-and-provides-insight/

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