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In 2020, as COVID-19 became a global reality, many African Insurers begun to scramble to adapt to the extraordinary circumstances. For most Turnkey Africa clients, employee safety and business continuity was a priority thus under severe time-pressure, many went for pragmatic and short-term solutions including adopting a new digital way of working to engage agents and customers and distribute their products.
One year later, what is clear is that COVID has changed the investment priorities for insurance companies as we see a lot of our clients only investing in critical technologies. Their innovation budgets have been further redirected toward solving tactical operational problems rather than being free to experiment and blue sky the way they used to be. Most critical for 2021 is that insurers are also looking to deeply embed the ânew normalâ practices and tools earlier adapted into their operat
Uh huh. it s a good time to be in enterprise security analytics
Gareth Corfield Fri 26 Feb 2021 // 21:48 UTC Share
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Tired of keeping up with security alerts from your system? Worried that your Security Operations Centre (SOC) is getting deluged in low-level reporting? Fear not: Imperva has produced an aggregator aggregation product that sits over the top of all your other alert-generating security software.
The Imperva Sonar platform, billed by the firm as wiping out the need for siloed point solutions, hangs above Security Orchestration, Automation and Response (SOAR) and Security Information and Event Management (SIEM) products, the idea being to reduce the number of different things that your company s SOC needs to keep an eye on.
Jumia’s Q4 results are a mixed bag again
In Q3, Jumia’s results were a mixed bag. One really good point was that the company’s losses reduced although the fact that its Gross Merchandise Value (GMV) also reduced was a big deal.
Nevertheless, the thinking from a lot of investors was that e-commerce companies were going to flourish during the pandemic. Jumia didn’t seem to show that promise during Q2 and Q3 2020, but most of that was due to a business mix rebalancing.
Basically, Jumia decided to move from promoting high ticket items to selling household items. It’ll lead to a reduction in GMV, but it’s great for their business. This is because it’s making commissions on sales, advertising and logistics, unlike its former model where it tried to sell goods to customers.
Introduction
The Central Bank of Nigeria’s (CBN) recently released the Regulatory Framework for Open Banking in Nigeria, a document which the apex bank believes will provide an enabling regulatory environment that will eventually trigger the provision of innovative and customer-centric financial services in Nigeria, define risk-based data access levels and services through the safe utilisation and exchange of data and services, outline baseline and standards for data exchange among financial services sector participants while guiding operators in the handling of attendant risks and also promote healthy competition in banking.
The CBN’s positioning in the past three years especially with regards to how easy they have endorsed disruption in the market makes this inevitable.