#aml client lifecycle management

[sunalimerchant]

Data Security and Compliance: Safeguarding Financial Information with Perfios Software Solutions

In today's digital age, data security and compliance are paramount, especially in the financial sector where sensitive financial information is handled daily. Perfios Software Solutions, a leading provider of financial data aggregation and analytics tools, understands the critical importance of safeguarding financial data. In this article, we will explore how Perfios prioritizes data security and compliance, ensuring that businesses and individuals can trust their solutions with their most confidential financial information.

I. Data Encryption and Secure Transmission

Perfios places a strong emphasis on securing data at every stage of its lifecycle, beginning with data transmission. When financial data is collected from various sources, including banks and financial institutions, Perfios uses advanced encryption protocols to ensure that data is securely transmitted over networks. This encryption safeguards data from interception and ensures that only authorized recipients can access it.

II. Data Storage Security

Once financial data is collected, it is stored securely within Perfios' infrastructure. Perfios employs state-of-the-art security measures, including data encryption, access controls, and intrusion detection systems, to protect data from unauthorized access or breaches. These security layers are designed to meet the stringent requirements of financial industry regulations.

III. Access Control and Authentication

Perfios implements robust access controls and authentication mechanisms to ensure that only authorized individuals can access financial data. Users are assigned specific roles and permissions based on their responsibilities, limiting access to only the information necessary for their tasks. Multi-factor authentication is often used to add an extra layer of security, especially for users handling sensitive financial data.

IV. Compliance with Financial Regulations

Perfios recognizes that compliance with financial industry regulations is non-negotiable. Their solutions are designed to adhere to various regulatory frameworks, including those related to Know Your Customer (KYC), Anti-Money Laundering (AML), and data privacy laws such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA). By maintaining compliance, Perfios ensures that its clients can use their solutions confidently, knowing they meet regulatory requirements.

V. Data Privacy and Consent Management

Perfios prioritizes data privacy and consent management, especially when dealing with user-provided financial data. Users have control over their data and must provide explicit consent for its use. Perfios' solutions offer transparency and user-friendly mechanisms for individuals to manage their data and revoke consent if needed. This approach aligns with the principles of data privacy and gives users confidence in sharing their financial information.

VI. Auditing and Monitoring

To maintain a secure environment and ensure ongoing compliance, Perfios employs rigorous auditing and monitoring processes. These processes track who accesses data, what changes are made, and when they occur. This audit trail provides transparency and accountability, which is critical for both data security and regulatory compliance.

VII. Incident Response and Data Recovery

Despite robust security measures, no system is completely immune to potential threats. Perfios has a well-defined incident response plan in place, which includes rapid detection, containment, and mitigation of security incidents. Additionally, data recovery mechanisms are in place to ensure minimal data loss in case of unforeseen events.

VIII. Regular Security Updates and Patch Management

Perfios keeps its software solutions up to date by regularly releasing security updates and patches. These updates address vulnerabilities and potential threats, further enhancing the security of the systems. Clients are encouraged to apply these updates promptly to ensure their data remains protected.

Conclusion

Perfios Software Solutions understands that trust is paramount when it comes to handling financial data. By prioritizing data security and compliance, Perfios ensures that individuals and businesses can confidently use their solutions to manage financial information efficiently and effectively.

From secure data transmission and storage to access control, compliance with financial regulations, and incident response planning, Perfios has built a comprehensive framework that safeguards financial data at every step. This commitment to data security and compliance not only protects sensitive information but also instills confidence in clients, allowing them to leverage Perfios solutions to make informed financial decisions.

[abhijeet20a]

How Wealth Managers Can Help Maintain Client Relations

Maintaing client relations is a crucial component of success in wealth management. It enables wealth management advisors to properly understand and serve their client’s needs, help them achieve their financial goals, and retain their business over the long-term. But the ways in which advisors engage with clients and help in managing client relations is changing.

As digital transformation accelerates and client expectations evolve, traditional approaches must be complemented with an enhanced digital experience.

Wealth management advisors can leverage these new opportunities to create more effective engagement models that help craft solutions tailored to each client’s unique needs, concerns and challenges.

A Changing Market

With digital transformation and shifting client expectations, advisors can struggle to provide customised and comprehensive investment advice based on a deep understanding of client needs. Clients expect advisors to act as true partners and co-create a relationship based on client inputs, rather than advisor assumptions and standardised solutions.

Irrespective of age or wealth, investors expect a combination of breadth of service offerings, expert and timely investment advice, and outstanding client service. But there have been significant shifts in recent years in terms of how clients expect to be served.

Clients increasingly expect digital engagement across onboarding, transaction and advice. Non-digital interaction, through in-person meetings and phone calls, is increasingly complemented, and even replaced, by online engagement using mobile apps, websites, social channels and virtual conferencing.

These changes mean wealth management advisors need to create a client experience based on how investors want to engage, when they want to engage and what channel they prefer to use. They need to nurture the client relationship to ensure collaboration and a mutual understanding of the investor’s needs and goals.

This provides an opportunity for advisors to deploy a hybrid of in-person and digital engagement to create strong relationships, foster client confidence and trust, and deliver personalised, high-touch service.

In this new landscape, wealth managers can leverage multiple technology and data resources to build and strengthen client relationships and deliver enhanced service.

Technology, Data and Service

Digital technology solutions must be deployed and integrated at every stage of the client lifecycle. From the first touch point of the relationship, technology can be used to create a seamless and productive client journey that spans onboarding, account management, analysis, trade and investment mandates, and reporting.

For onboarding, digital solutions can offer configurable, collaborative workflows that provide automated AML, KYC and identity verification, secure document repository and simplified, streamlined client-facing functionality such as auto filled onboarding forms.

Digital solutions are also crucial to deliver robust account management and world-class investor portals and apps, including mobile apps, consolidated reporting, data privacy security, direct order placement, and digital signature, approval and notification functionality. Enhanced transparency and access to performance information can significantly boost trust in maintaining client relations over time.

For client lifecycle management, advisors can deploy technology that supports periodic automated and ad hoc reviews, prospect management and investment proposals, as well as customer relationship management (CRM) functionality.

Delivering Actionable Insights

To build or strengthen client relations, wealth managers can leverage technology to more effectively uncover, understand and act on their client’s long-term goals and purpose for investing.

From initial engagement, onboarding and beyond, a plethora of data must be captured, managed, analysed and interpreted to drive data-driven insights and relevance.

Technology can be leveraged to eliminate data silos, organise client data into a unified system, and ensure that information is managed in a connected way across systems and processes.

This is a key enabler of data analytics. It ensures that meaningful value is extracted from data to generate a complete and holistic picture of client needs. It enables insights about the dynamics of their behaviour, whether that be routine beneficiary changes, shifting attitudes to risk or evolving life goals.

These actionable insights can help wealth management advisors take quick, appropriate and timely action to foster trusted relationships and provide the best service and advice possible. To deliver outstanding client engagement, advisors must consistently strengthen trust and mutual understanding within the relationship and act on insights and feedback to deliver expert advice and continuous improvements in service.

Multiple colleagues who are not co-located can work on a single platform to deliver exceptional client service while maintaining efficiency and scalability.

Competitive Edge

Another reason to deploy digital solutions is to gain market intelligence through client engagement. This can help wealth management advisors identify the other disruptive apps that clients are using, learn more about them, and apply that intelligence to improve their propositions, service and operations. This presents a key source of competitive advantage to wealth management firms in a highly dynamic, complex and competitive market.

Digital advances and changing client expectations are re-shaping the wealth management industry. The most successful advisors are those who select, implement and manage advanced technology to drive excellence in client engagement.

About Valuefy

Valuefy is a premier investment technology lab with cutting-edge solutions serving leading financial institutions across the globe. Its Wealth Management Solutions has enabled Wealth Managers globally by providing production-grade investment technology solutions for an uberized customer experience.

[ict-marketresearch-reports]

Smart Space Market Share, Growth Prospects and Key Opportunities by 2025

The report "Smart Space Market Growth by Component (Solutions and Services (professional & managed)), Application (Energy Optimization and Management, Emergency Management, & Security Management), Premises Type (Commercial, Residential), and Region - Global Forecast to 2025", size is projected to grow from USD 9.4 billion in 2020 to USD 15.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.2% during the forecast period. Increasing green building initiatives and environmental concerns to drive market growth.

By component, the service segment to register the highest growth rate during the forecast period

Services form an integral part of the software deployment and execution lifecycle. Services, including consulting, product support, updates, and maintenance, are required at various stages, starting from pre-sales requirement assessment to post-sales product deployment and execution, thus enabling the client to get better ROI. Smart space is changing the way designers and engineers create new product designs and modifications. As smart space has eased the manufacturing of complex products with complex geometries, the application of software has increased across automotive, industrial manufacturing, and aerospace and defense verticals. Moreover, the use of smart space software for designing of building plans and large construction projects is expected to grow rapidly in the building, architecture, and construction industries.

Based on application, the emergency management to grow at the highest CAGR during the forecast period 

With a right set of information and adequate amount of time in hand, occupants can act fast to minimize or to avoid the damage entirely. Devices such as smart cameras with improved image sensor can now keep a watch on the remote corners 24*7 to improve the security aspect of the any facility. Similarly, ultrasonic location tracking system in research labs, power plants, and other highly secured areas can easily detect the movements, locations, and orientation of the occupants. The systems come with a storage option for saving the data for a specified amount of time, which can be used for future reference as well. Smart floor is another technology which is currently offered in entertainment center and kitchen area, to track the location and identify the residents when they fall along with reporting it to the emergency services. In the UK, British Telecom (BT), Everything Everywhere (EE), and HCT have developed a new system that can turn on the Global Navigation Satellite System (GNSS) and Wi-Fi and is termed as Advanced Mobile Location (AML). Once the emergency number has been dialed, the system would automatically share the exact location details to the emergency service provider, and it is 4,000 times more accurate than the current system in use.

North America to hold the largest market share during the forecast period.

North America has several prominent market players delivering Smart space solutions to all end-users in the region. The US and Canada both have strong economic conditions and are expected to be major contributors to the smart space markets growth. It is the leading region in terms of the development of smart spaces. The countries in the region have been early adopters of smart space solutions including IoT, AI, and machine learning. The smart home market is growing exponentially in the region. A majority of the installations in the region were point solutions and designed for specific functions, such as smart door lock, temperature control system, and thermostat. The indispensable need to minimize total cost of ownership, followed by the ongoing government initiatives of smart infrastructure and smart city projects, has driven the adoption of the technologies in North America. North America is the largest contributor to the smart space market growth.

Market Players

Key and innovative vendors in the smart space market include ABB (Switzerland), Cisco (US), Siemens (Germany), Huawei Technologies (China), IBM (US), Schneider Electric (France), Smartspace Software (UK), Hitachi Vantara (US), ICONICS (US), Coor (Sweden), Ubisense (UK), Smarten Spaces (Singapore), Spacewell (Belgium), Softweb Solutions (US), Eutech Cybernetic (Singapore), Adappt (US), IMEC (Belgium), Nexus (Sweden), Smart Spaces (UK), reelyActive (Canada), Telit (UK), AllGoVision Technologies (India), Energyly (India), Frugal Labs (Inbdia), and Aira Tech Corp (US).

About MarketsandMarkets™

 MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

 The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

 Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

 To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

 Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

[riskscreen-blog]

RiskScreen - AML Screening & Client Lifecycle Risk Management Technology

RiskScreen is a modular AML solution that provides organisations with maximum optionality to select the screening and lifecycle risk management functionality that best meets their AML requirements.

https://www.riskscreen.com/

Address Anley House,  Anley Street, St Helier, Jersey, JE2 3QE

Phone 02038712514

[smrbhagare97]

Copper.co taps Fenergo for AML and client lifecycle management solution

Copper.co taps Fenergo for AML and client lifecycle management solution

Digital asset infrastructure firm Copper.co has partnered with Fenergo, a software provider for financial institutions, to deploy its client lifecycle management (CLM) and anti-money laundering (AML) solution. Copper.co partners Fenergo Founded in 2018, Copper offers institutional investors custody, trading and settlement services across 500 digital assets and more than 45 exchanges. It…

[bestadviceuk]

360 Dotnet partners with digital ID specialists

360 Dotnet partners with digital ID specialists

360 Lifecycle, 360 Dotnet’s end to end practice management system, now offers digital document identity verification and AML checks following its new partnership with GBG, specialists in digital identity. Advisers will now be able to record and electronically identify clients by sending them a link, enabling them to verify themselves by taking a photo, or uploading a picture of their passport or…

[electronicstudentwerewolfstuff]

Updated Modex Whitepaper and 2021 roadmap revealed

As we continue to evolve and to refine our products and services, we would like to offer you some updates. October 2020 brings a new, updated Modex Whitepaper where you can find all the relevant info related to our blockchain database company. Here are the most important updates, at a glance. 

Modex BCDB is a game-changing hybrid remote data storage system enabling blockchain adoption in enterprise software development and deployment without eliminating the database component, but by mixing standard database engines with blockchain features, while allowing software developers to work within the systems they are already using.

Modex BCDB is designed as a middleware that is installed between clients’ software and their existing databases,​ connecting them to the blockchain with minimal effort and without requiring additional training for software developers working in clients’ companies, as the platform has a similar interface as traditional databases.

The advantages of blockchain at your fingertips

Blockchain technology provides the main vehicle to help businesses transition from a centralized model to a decentralized one. Blockchain has already started to gain considerable momentum in industries such as supply chain, healthcare, retail, financial services, telecommunications, transportation, logistics, energy and identity management. With our product, customers can access all the advantages of blockchain, without needing to concern themselves with its technical intricacies. With an agnostic approach to databases and blockchain engines, Modex BCDB is the ideal platform for B2B collaboration, bringing considerable time and cost-related savings.

BCDB, a game-changing solution for multiple industries

Modex BCDB can be used in various industries which can benefit from the advantages of blockchain technology. In healthcare, Modex BCDB can help hospitals and clinics mitigate the effects of cyber-attacks and system failures with its high data availability, real time backup, and distributed structure. Patients can manage their own digital medical files and allow others to access their data when necessary, and always be aware of who can see the data and can establish new permissions and/or restrictions. For government & public services, blockchain technology can enhance the efficiency of processes and the credibility of public data, increasing citizens’ level of trust in public institutions. Blockchain could also improve citizens’ and businesses’ experiences in interacting with government as more processes are moved online in a secure environment.

In banking and financial services, blockchain can reduce processing times, the potential for error and delay, and the number of steps and intermediaries required to achieve the same levels of confidence as in traditional processes. Furthermore, blockchain can improve KYC and AML systems by ensuring data immutability and enhancing processing capabilities. When it comes to log management, versioning provides a changing view, while the underlying data is expressed with new contents bound to a unique identifier. Modex BCDB doesn’t allow any audit trail changes or deletion, which means your logs are kept safe. 

For regulatory compliance, through the use of advanced encryption mechanisms, Modex BCDB assists companies in implementing GDPR-compliant solutions. Every stored data record comes with independent proof that the data is in its original state and has not been manipulated, so it provides an independent forensic quality audit trail for the lifecycle of user records, helping companies prove compliance with data protection regulations. When it comes to incident response, Modex BCDB can help mitigate the effects of ransomware attacks by eliminating the single point of failure through its decentralized and distributed structure. Even if a node in the blockchain network is compromised by an attack or other type of security incident, the data can be immediately restored from another node. It is virtually impossible for an incident to affect every node in the network.

Roadmap – new features in 2020 and 2021

Our roadmap – which contains the next features that we have planned to develop in 2020 and 2021 – is in line with the go-to-market strategy. Here’s a glimpse of what to expect from Modex BCDB until the end of this year: Logstash BCDB plugin, Microsoft Azure Marketplace deployment scripts, support for R3 Corda, RethinkDB database integration, CRUD support for SQL databases and publishing the management tool (BCDB Workbench) as a open-source on GitHub.

In the first quarter of 2021 expect M247 Integration and Modex BCDB Lite, as well as publishing more Open Source code. In the second quarter, Modex BCDB will offer full support for SQL databases, Oracle Cloud Marketplace Integration, support for Hyperledger Fabric, and JDBC Driver. In Q3 expect GCP Integration, Golang & C# Drivers plus support for Hyperledger Burrow. For Q4 2021, we will offer Modex BCDB Smart Contract on Modex Marketplace, Pyhton & Ruby Drivers, support for Ethereum, Hyperledger Besu.

Go-to-market strategy

When it comes to our go-to-market strategy, we are committed to utilizing the internal and external resources to deliver our unique value proposition to our customers and achieve a competitive advantage comprises the following activities: 

Co-Selling Agreements – building strong partnerships with big tech companies and get featured in their marketplaces; 

Custom integrations with major software players which will allow us to validate our solution on a large scale, with companies that provide custom software and are interested in blockchain solutions to whom we can offer a ready-made product that will save them hundreds of development hours, with mainstream database providers allowing us to increase our product’s database agnosticity and thus reach more customers; 

Partnership Opportunity Program (Reseller and Referral) – reaching customers indirectly through reseller / referral partnerships with companies that will get a variable revenue share fee when they bring new customers (Modex will provide training and technical resources to all reseller/referral partners); Digital Marketing campaign – a bottom-up approach to attract developers and early adopters.

About Modex

Modex, the blockchain database company, innovates in order to solve the last mile adoption problem of the blockchain. Modex offers fully integrated services and aims to make blockchain user-friendly for organizations and people. Modex is a leading Blockchain Database provider offering software solutions with real data integrity and log immutability to help companies protect valuable information. In over two years, using cutting-edge technologies and with a clear strategy, Modex has evolved into a complex ecosystem designed for developers’ needs and enterprises looking for blockchain solutions. Our mission is to spread and facilitate the adoption of blockchain into society and to solve real-world problems using this revolutionary technology.

The post Updated Modex Whitepaper and 2021 roadmap revealed appeared first on Modex.

[amlpartners]

Aml Monitoring Program - Aml Partners

What are the 4 components of AML program?

AML compliance software refers to technology solutions designed to help organizations comply with Anti-Money Laundering (AML) regulations and prevent financial crimes such as money laundering and terrorist financing. These software systems use various tools and functionalities to automate processes, monitor transactions, and flag suspicious activities within financial institutions.

Key features of AML compliance software may include:

Customer Due Diligence (CDD): Collecting and verifying customer information to assess the risk associated with each client.

Transaction Monitoring: Tracking and analyzing transactions in real-time to detect unusual or suspicious behavior.

Watchlist Screening: Checking customers against global watchlists to identify individuals or entities involved in illegal activities.

Reporting and Documentation: Generating reports and maintaining records to comply with regulatory requirements.

Risk Assessment: Evaluating and assigning risk levels to customers or transactions based on various parameters.

Automated Alerts: Notifying compliance officers of potential risks or suspicious activities for further investigation.

Integration Capabilities: Connecting with other systems or databases for seamless data sharing and analysis.

AML compliance software is crucial for financial institutions to meet regulatory obligations and mitigate the risks associated with financial crimes. These tools help streamline compliance processes, reduce manual errors, and enhance the overall effectiveness of AML efforts.

[berkeleyjobsite]

Senior Splunk Architect

Description

At First Republic, we care about our people. Founded in 1985, we offer extraordinary client service in private banking, private business banking and private wealth management. We believe that personal connections are everything and our success is driven by the relationships we form with our colleagues and clients. You’ll always feel empowered and valued here.

Incredible teams doing exceptional work, every day In Technology, we support First Republic’s employees and clients through the acquisition, integration and management of the Bank’s information technology systems and services. We driveinnovation and explore emerging technologies so our people can be productive and focus on what matters most – providing extraordinary service.

We are looking for a dynamic Senior Splunk Architect to help build out our Splunk infrastructure and lead an effort to help mature our operations monitoring functions. A successful candidate will work well under pressure and provide industry standard support and guidance as we grow our coverage using Splunk. This role will operate within a tools administration team and work closely with operations, engineering, development, and business application owners alike. The role will require interaction with many different teams which will necessitate solid communication skills.

Responsibilities

-What you’ll do as a Senior Splunk Architect: – Core Splunk work: – Configuring the Security and Operations environments for AWS – Maintaining all Splunk on prem and Cloud infrastructure. – Managing all Splunk plugin configurations including ITSI and Enterprise Security.

– Manage integrations with all significant Bank business and IT systems. You will be responsible for configuration, testing and ongoing support of these integrations. – You will drive the effort in synchronizing the various log feeds from AWS and other cloud providers in order to satisfy all appropriate security controls. This will probably involve working with various development teams driving innovation across the bank. You’ll be expected to drive toward elegant solutions to allow for these teams to easily get their appropriate log files into the Bank’s Splunk system. – You will also be involved with analysis of Dynatrace, AppDynamics, DataDog and New Relic to scope capabilities of these APM applications and how they will benefit and complement our existing monitoring capabilities here at the Bank. Experience with these solutions will be significant advantage. – Some day to day activities – Maintaining appropriate cadence of system upgrades and application versions – Application and system onboardings – Cloud integrations, including but not limited to Salesforce, Azure, O365 integrations, G Suite integration – Riverbed Alerts – Certificate Renewals – Ongoing user support and day-to-day administration – Support of all of the Splunk related infrastructure and architecture – Troubleshooting environmental issues, forwarder deployments, and overall system health

– Develop and maintain quality dashboards, custom views, saved searches and alerts for internal technical operations team as well as business application owners. – Assist internal users of Splunk in designing and maintaining production quality dashboards. – Manage and monitor the Splunk infrastructure for capacity planning and optimization. – Thoroughly document the system configuration and changes. – Help drive monitoring strategies, provide best practices and resource planning in coordination with internal ops/support teams as well as developers and business owners. – Automate and optimize processes to increase efficiencies. – Support the user community as needed through hands on tutelage, documentation and other growing support channels. – Perform duties and responsibilities specific to department functions and activities. – Performs other duties and responsibilities as required or assigned by supervisor. – Responsibilities include the following: – Adhering to and complying with all applicable, federal and state laws, regulations and guidance, including those related to Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, etc.). – Adhering to Bank policies and procedures. – Completing required training. – Identifying and reporting potential suspicious activity to the BSA/AML Officer. – Knowing and verifying the identity of any customer(s) that enters into a relationship with the Bank.

Qualifications

-What skills you will use: – Bachelor’s degree or equivalent. – Requires at least four years of recent experience in an operations production support role. – 2-3 years experience in infrastructure and application performance monitoring. – 2-3 years as a Splunk Administrator. – Experience with SDLC lifecycles and tooling is a plus. – Experience with automation tools like Ansible Tower, Terraform or others is ideal. – Any Splunk certifications including Certified Admin, Architect, Developer would be appropriate. – More advanced Splunk certifications would be an ideal plus for this position. – Ability to engage team members in a dynamic way. – Ability to manage multiple work streams without missing key deadlines. – Familiarity with Financial Services will be valuable – direct experience and domain knowledge will be a strong plus. – Working knowledge of virtualized environments and dynamic provisioning. – Excellent leadership and team building skills. – Strong interpersonal and communication skills. – Should be comfortable working in Linux/Unix environment as well as Windows. – Team player. – Provides extraordinary service. – Furthers the First Republic Bank culture and values. -Must be able to review and analyze data reports and manuals; must be computer proficient.

-Must be able to communicate effectively via telephone and in person.

-Own your work and your career – Apply Now Are you willing to go the extra mile because you love what you do and how you can contribute as a team? Do you want the freedom to grow and the opportunity to take charge of your own career? If so, then come join us.

We want hard working team players. You’ll have the independence to learn, lead and drive change. A culture of extraordinary service, empowerment and stability – that’s the First Republic way.

Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records, to the extent consistent with applicable federal and/or state law.

from Berkeley Job Site https://ift.tt/2riGgiB via IFTTT

[ict-marketresearch-reports]

Smart Space Market Innovations, Technology Growth and Research -2025

The report "Smart Space Market Forecast by Component (Solutions and Services (professional & managed)), Application (Energy Optimization and Management, Emergency Management, & Security Management), Premises Type (Commercial, Residential), and Region - Global Forecast to 2025", size is projected to grow from USD 9.4 billion in 2020 to USD 15.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.2% during the forecast period. Increasing green building initiatives and environmental concerns to drive market growth.

By component, the service segment to register the highest growth rate during the forecast period

Services form an integral part of the software deployment and execution lifecycle. Services, including consulting, product support, updates, and maintenance, are required at various stages, starting from pre-sales requirement assessment to post-sales product deployment and execution, thus enabling the client to get better ROI. Smart space is changing the way designers and engineers create new product designs and modifications. As smart space has eased the manufacturing of complex products with complex geometries, the application of software has increased across automotive, industrial manufacturing, and aerospace and defense verticals. Moreover, the use of smart space software for designing of building plans and large construction projects is expected to grow rapidly in the building, architecture, and construction industries.

Based on application, the emergency management to grow at the highest CAGR during the forecast period 

With a right set of information and adequate amount of time in hand, occupants can act fast to minimize or to avoid the damage entirely. Devices such as smart cameras with improved image sensor can now keep a watch on the remote corners 24*7 to improve the security aspect of the any facility. Similarly, ultrasonic location tracking system in research labs, power plants, and other highly secured areas can easily detect the movements, locations, and orientation of the occupants. The systems come with a storage option for saving the data for a specified amount of time, which can be used for future reference as well. Smart floor is another technology which is currently offered in entertainment center and kitchen area, to track the location and identify the residents when they fall along with reporting it to the emergency services. In the UK, British Telecom (BT), Everything Everywhere (EE), and HCT have developed a new system that can turn on the Global Navigation Satellite System (GNSS) and Wi-Fi and is termed as Advanced Mobile Location (AML). Once the emergency number has been dialed, the system would automatically share the exact location details to the emergency service provider, and it is 4,000 times more accurate than the current system in use.

North America to hold the largest market share during the forecast period.

North America has several prominent market players delivering Smart space solutions to all end-users in the region. The US and Canada both have strong economic conditions and are expected to be major contributors to the smart space markets growth. It is the leading region in terms of the development of smart spaces. The countries in the region have been early adopters of smart space solutions including IoT, AI, and machine learning. The smart home market is growing exponentially in the region. A majority of the installations in the region were point solutions and designed for specific functions, such as smart door lock, temperature control system, and thermostat. The indispensable need to minimize total cost of ownership, followed by the ongoing government initiatives of smart infrastructure and smart city projects, has driven the adoption of the technologies in North America. North America is the largest contributor to the smart space market growth.

Market Players

Key and innovative vendors in the smart space market include ABB (Switzerland), Cisco (US), Siemens (Germany), Huawei Technologies (China), IBM (US), Schneider Electric (France), Smartspace Software (UK), Hitachi Vantara (US), ICONICS (US), Coor (Sweden), Ubisense (UK), Smarten Spaces (Singapore), Spacewell (Belgium), Softweb Solutions (US), Eutech Cybernetic (Singapore), Adappt (US), IMEC (Belgium), Nexus (Sweden), Smart Spaces (UK), reelyActive (Canada), Telit (UK), AllGoVision Technologies (India), Energyly (India), Frugal Labs (Inbdia), and Aira Tech Corp (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

[amlpartners]

Aml Digital Transformation - Aml Partners

Digital Transformation of AML

The digital transformation of Anti-Money Laundering (AML) refers to the integration of digital technologies and innovative solutions to enhance the efficiency, accuracy, and effectiveness of AML processes within financial institutions. As technology continues to advance, AML practices are evolving to keep up with the changing landscape of financial crimes. Here are some key aspects of the digital transformation of AML:

Data Analytics and Big Data: Digital transformation allows financial institutions to analyze vast amounts of data in real time. Advanced analytics and big data techniques can help identify patterns, anomalies, and trends associated with money laundering activities. Machine learning algorithms can learn from historical data to improve the detection of suspicious transactions.

Artificial Intelligence (AI) and Machine Learning (ML): AI and ML technologies play a significant role in automating AML processes. These technologies can analyze large datasets, identify complex patterns, and detect anomalies more accurately and quickly than traditional methods. AI-powered AML systems can continuously learn from new data, improving their effectiveness over time.

Blockchain Technology: Blockchain, the decentralized and secure digital ledger technology, has the potential to enhance AML efforts. It provides a transparent and immutable record of transactions, making it difficult for criminals to manipulate financial data. Some institutions are exploring blockchain for enhancing the traceability of transactions and ensuring the integrity of financial records.

Regtech (Regulatory Technology): Regtech solutions leverage technology to help financial institutions comply with regulatory requirements, including AML regulations. These tools automate regulatory compliance processes, reducing the burden of manual tasks and ensuring accurate and timely reporting.

Robotic Process Automation (RPA): RPA involves the use of software robots to automate repetitive tasks. In the context of AML, RPA can handle tasks such as data entry, document verification, and report generation, allowing human employees to focus on more complex and strategic aspects of AML compliance.

Digital Identity Verification: Digital technologies enable more robust and efficient methods of verifying customer identities. Biometric authentication, document verification using AI, and other digital identity solutions help in ensuring the legitimacy of customers, reducing the risk of identity theft and fraud.

Collaborative Platforms: Digital platforms facilitate collaboration and information sharing among financial institutions and regulatory authorities. Sharing insights and intelligence in real time can help in identifying emerging threats and improving overall AML efforts collectively.

The digital transformation of AML is essential in the fight against financial crimes. By leveraging innovative technologies, financial institutions can enhance their ability to detect and prevent money laundering activities, ensuring a more secure and compliant financial ecosystem. However, it's important to note that with these advancements, there are also challenges related to data privacy, cybersecurity, and ethical use of technology that need to be addressed effectively.

[smrbhagare97]

Copper.co taps Fenergo for AML and client lifecycle management solution

Copper.co taps Fenergo for AML and client lifecycle management solution

Digital asset infrastructure firm Copper.co has partnered with Fenergo, a software provider for financial institutions, to deploy its client lifecycle management (CLM) and anti-money laundering (AML) solution. Copper.co partners Fenergo Founded in 2018, Copper offers institutional investors custody, trading and settlement services across 500 digital assets and more than 45 exchanges. It…

[ict-marketresearch-reports]

Smart Space Market Strategy and Remarkable Growth Rate By 2025

The report "Smart Space Market Trends by Component (Solutions and Services (professional & managed)), Application (Energy Optimization and Management, Emergency Management, & Security Management), Premises Type (Commercial, Residential), and Region - Global Forecast to 2025", size is projected to grow from USD 9.4 billion in 2020 to USD 15.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.2% during the forecast period. Increasing green building initiatives and environmental concerns to drive market growth.

By component, the service segment to register the highest growth rate during the forecast period

Services form an integral part of the software deployment and execution lifecycle. Services, including consulting, product support, updates, and maintenance, are required at various stages, starting from pre-sales requirement assessment to post-sales product deployment and execution, thus enabling the client to get better ROI. Smart space is changing the way designers and engineers create new product designs and modifications. As smart space has eased the manufacturing of complex products with complex geometries, the application of software has increased across automotive, industrial manufacturing, and aerospace and defense verticals. Moreover, the use of smart space software for designing of building plans and large construction projects is expected to grow rapidly in the building, architecture, and construction industries.

Based on application, the emergency management to grow at the highest CAGR during the forecast period 

With a right set of information and adequate amount of time in hand, occupants can act fast to minimize or to avoid the damage entirely. Devices such as smart cameras with improved image sensor can now keep a watch on the remote corners 24*7 to improve the security aspect of the any facility. Similarly, ultrasonic location tracking system in research labs, power plants, and other highly secured areas can easily detect the movements, locations, and orientation of the occupants. The systems come with a storage option for saving the data for a specified amount of time, which can be used for future reference as well. Smart floor is another technology which is currently offered in entertainment center and kitchen area, to track the location and identify the residents when they fall along with reporting it to the emergency services. In the UK, British Telecom (BT), Everything Everywhere (EE), and HCT have developed a new system that can turn on the Global Navigation Satellite System (GNSS) and Wi-Fi and is termed as Advanced Mobile Location (AML). Once the emergency number has been dialed, the system would automatically share the exact location details to the emergency service provider, and it is 4,000 times more accurate than the current system in use.

North America to hold the largest market share during the forecast period.

North America has several prominent market players delivering Smart space solutions to all end-users in the region. The US and Canada both have strong economic conditions and are expected to be major contributors to the smart space markets growth. It is the leading region in terms of the development of smart spaces. The countries in the region have been early adopters of smart space solutions including IoT, AI, and machine learning. The smart home market is growing exponentially in the region. A majority of the installations in the region were point solutions and designed for specific functions, such as smart door lock, temperature control system, and thermostat. The indispensable need to minimize total cost of ownership, followed by the ongoing government initiatives of smart infrastructure and smart city projects, has driven the adoption of the technologies in North America. North America is the largest contributor to the smart space market growth.

Market Players

Key and innovative vendors in the smart space market include ABB (Switzerland), Cisco (US), Siemens (Germany), Huawei Technologies (China), IBM (US), Schneider Electric (France), Smartspace Software (UK), Hitachi Vantara (US), ICONICS (US), Coor (Sweden), Ubisense (UK), Smarten Spaces (Singapore), Spacewell (Belgium), Softweb Solutions (US), Eutech Cybernetic (Singapore), Adappt (US), IMEC (Belgium), Nexus (Sweden), Smart Spaces (UK), reelyActive (Canada), Telit (UK), AllGoVision Technologies (India), Energyly (India), Frugal Labs (Inbdia), and Aira Tech Corp (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

[ict-marketresearch-reports]

Smart Space Market: Size, Share, Trends, Current and Future Analysis

The report "Smart Space Market Growth by Component (Solutions and Services (professional & managed)), Application (Energy Optimization and Management, Emergency Management, & Security Management), Premises Type (Commercial, Residential), and Region - Global Forecast to 2025", size is projected to grow from USD 9.4 billion in 2020 to USD 15.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.2% during the forecast period. Increasing green building initiatives and environmental concerns to drive market growth.

By component, the service segment to register the highest growth rate during the forecast period

Services form an integral part of the software deployment and execution lifecycle. Services, including consulting, product support, updates, and maintenance, are required at various stages, starting from pre-sales requirement assessment to post-sales product deployment and execution, thus enabling the client to get better ROI. Smart space is changing the way designers and engineers create new product designs and modifications. As smart space has eased the manufacturing of complex products with complex geometries, the application of software has increased across automotive, industrial manufacturing, and aerospace and defense verticals. Moreover, the use of smart space software for designing of building plans and large construction projects is expected to grow rapidly in the building, architecture, and construction industries.

Based on application, the emergency management to grow at the highest CAGR during the forecast period 

With a right set of information and adequate amount of time in hand, occupants can act fast to minimize or to avoid the damage entirely. Devices such as smart cameras with improved image sensor can now keep a watch on the remote corners 24*7 to improve the security aspect of the any facility. Similarly, ultrasonic location tracking system in research labs, power plants, and other highly secured areas can easily detect the movements, locations, and orientation of the occupants. The systems come with a storage option for saving the data for a specified amount of time, which can be used for future reference as well. Smart floor is another technology which is currently offered in entertainment center and kitchen area, to track the location and identify the residents when they fall along with reporting it to the emergency services. In the UK, British Telecom (BT), Everything Everywhere (EE), and HCT have developed a new system that can turn on the Global Navigation Satellite System (GNSS) and Wi-Fi and is termed as Advanced Mobile Location (AML). Once the emergency number has been dialed, the system would automatically share the exact location details to the emergency service provider, and it is 4,000 times more accurate than the current system in use.

North America to hold the largest market share during the forecast period.

North America has several prominent market players delivering Smart space solutions to all end-users in the region. The US and Canada both have strong economic conditions and are expected to be major contributors to the smart space markets growth. It is the leading region in terms of the development of smart spaces. The countries in the region have been early adopters of smart space solutions including IoT, AI, and machine learning. The smart home market is growing exponentially in the region. A majority of the installations in the region were point solutions and designed for specific functions, such as smart door lock, temperature control system, and thermostat. The indispensable need to minimize total cost of ownership, followed by the ongoing government initiatives of smart infrastructure and smart city projects, has driven the adoption of the technologies in North America. North America is the largest contributor to the smart space market growth.

Market Players

Key and innovative vendors in the smart space market include ABB (Switzerland), Cisco (US), Siemens (Germany), Huawei Technologies (China), IBM (US), Schneider Electric (France), Smartspace Software (UK), Hitachi Vantara (US), ICONICS (US), Coor (Sweden), Ubisense (UK), Smarten Spaces (Singapore), Spacewell (Belgium), Softweb Solutions (US), Eutech Cybernetic (Singapore), Adappt (US), IMEC (Belgium), Nexus (Sweden), Smart Spaces (UK), reelyActive (Canada), Telit (UK), AllGoVision Technologies (India), Energyly (India), Frugal Labs (Inbdia), and Aira Tech Corp (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

[ict-marketresearch-reports]

Smart Space Market Share, Growth Prospects and Key Opportunities by 2025

The report "Smart Space Market Share by Component (Solutions and Services (professional managed)), Application (Energy Optimization and Management, Emergency Management, Security Management), Premises Type (Commercial, Residential), and Region - Global Forecast to 2025", size is projected to grow from USD 9.4 billion in 2020 to USD 15.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.2% during the forecast period. Increasing green building initiatives and environmental concerns to drive market growth.

By component, the service segment to register the highest growth rate during the forecast period

Services form an integral part of the software deployment and execution lifecycle. Services, including consulting, product support, updates, and maintenance, are required at various stages, starting from pre-sales requirement assessment to post-sales product deployment and execution, thus enabling the client to get better ROI. Smart space is changing the way designers and engineers create new product designs and modifications. As smart space has eased the manufacturing of complex products with complex geometries, the application of software has increased across automotive, industrial manufacturing, and aerospace and defense verticals. Moreover, the use of smart space software for designing of building plans and large construction projects is expected to grow rapidly in the building, architecture, and construction industries.

Based on application, the emergency management to grow at the highest CAGR during the forecast period

With a right set of information and adequate amount of time in hand, occupants can act fast to minimize or to avoid the damage entirely. Devices such as smart cameras with improved image sensor can now keep a watch on the remote corners 24*7 to improve the security aspect of the any facility. Similarly, ultrasonic location tracking system in research labs, power plants, and other highly secured areas can easily detect the movements, locations, and orientation of the occupants. The systems come with a storage option for saving the data for a specified amount of time, which can be used for future reference as well. Smart floor is another technology which is currently offered in entertainment center and kitchen area, to track the location and identify the residents when they fall along with reporting it to the emergency services. In the UK, British Telecom (BT), Everything Everywhere (EE), and HCT have developed a new system that can turn on the Global Navigation Satellite System (GNSS) and Wi-Fi and is termed as Advanced Mobile Location (AML). Once the emergency number has been dialed, the system would automatically share the exact location details to the emergency service provider, and it is 4,000 times more accurate than the current system in use.

North America to hold the largest market share during the forecast period.

North America has several prominent market players delivering Smart space solutions to all end-users in the region. The US and Canada both have strong economic conditions and are expected to be major contributors to the smart space markets growth. It is the leading region in terms of the development of smart spaces. The countries in the region have been early adopters of smart space solutions including IoT, AI, and machine learning. The smart home market is growing exponentially in the region. A majority of the installations in the region were point solutions and designed for specific functions, such as smart door lock, temperature control system, and thermostat. The indispensable need to minimize total cost of ownership, followed by the ongoing government initiatives of smart infrastructure and smart city projects, has driven the adoption of the technologies in North America. North America is the largest contributor to the smart space market growth.

Market Players

Key and innovative vendors in the smart space market include ABB (Switzerland), Cisco (US), Siemens (Germany), Huawei Technologies (China), IBM (US), Schneider Electric (France), Smartspace Software (UK), Hitachi Vantara (US), ICONICS (US), Coor (Sweden), Ubisense (UK), Smarten Spaces (Singapore), Spacewell (Belgium), Softweb Solutions (US), Eutech Cybernetic (Singapore), Adappt (US), IMEC (Belgium), Nexus (Sweden), Smart Spaces (UK), reelyActive (Canada), Telit (UK), AllGoVision Technologies (India), Energyly (India), Frugal Labs (Inbdia), and Aira Tech Corp (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

[ict-marketresearch-reports]

Smart Space Market Share, Growth Prospects and Key Opportunities by 2025

The report "Smart Space Market Size by Component (Solutions and Services (professional & managed)), Application (Energy Optimization and Management, Emergency Management, & Security Management), Premises Type (Commercial, Residential), and Region - Global Forecast to 2025", size is projected to grow from USD 9.4 billion in 2020 to USD 15.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.2% during the forecast period. Increasing green building initiatives and environmental concerns to drive market growth.

Browse 422 market data Tables and 46 Figures spread through 315 Pages and in-depth TOC on "Smart Space Market by Component (Solutions and Services (professional & managed)), Application (Energy Optimization and Management, Emergency Management, & Security Management), Premises Type (Commercial, Residential), and Region - Global Forecast to 2025"

By component, the service segment to register the highest growth rate during the forecast period

Services form an integral part of the software deployment and execution lifecycle. Services, including consulting, product support, updates, and maintenance, are required at various stages, starting from pre-sales requirement assessment to post-sales product deployment and execution, thus enabling the client to get better ROI. Smart space is changing the way designers and engineers create new product designs and modifications. As smart space has eased the manufacturing of complex products with complex geometries, the application of software has increased across automotive, industrial manufacturing, and aerospace and defense verticals. Moreover, the use of smart space software for designing of building plans and large construction projects is expected to grow rapidly in the building, architecture, and construction industries.

Based on application, the emergency management to grow at the highest CAGR during the forecast period

With a right set of information and adequate amount of time in hand, occupants can act fast to minimize or to avoid the damage entirely. Devices such as smart cameras with improved image sensor can now keep a watch on the remote corners 24*7 to improve the security aspect of the any facility. Similarly, ultrasonic location tracking system in research labs, power plants, and other highly secured areas can easily detect the movements, locations, and orientation of the occupants. The systems come with a storage option for saving the data for a specified amount of time, which can be used for future reference as well. Smart floor is another technology which is currently offered in entertainment center and kitchen area, to track the location and identify the residents when they fall along with reporting it to the emergency services. In the UK, British Telecom (BT), Everything Everywhere (EE), and HCT have developed a new system that can turn on the Global Navigation Satellite System (GNSS) and Wi-Fi and is termed as Advanced Mobile Location (AML). Once the emergency number has been dialed, the system would automatically share the exact location details to the emergency service provider, and it is 4,000 times more accurate than the current system in use.

North America to hold the largest market share during the forecast period.

North America has several prominent market players delivering Smart space solutions to all end-users in the region. The US and Canada both have strong economic conditions and are expected to be major contributors to the smart space markets growth. It is the leading region in terms of the development of smart spaces. The countries in the region have been early adopters of smart space solutions including IoT, AI, and machine learning. The smart home market is growing exponentially in the region. A majority of the installations in the region were point solutions and designed for specific functions, such as smart door lock, temperature control system, and thermostat. The indispensable need to minimize total cost of ownership, followed by the ongoing government initiatives of smart infrastructure and smart city projects, has driven the adoption of the technologies in North America. North America is the largest contributor to the smart space market growth.

Market Players

Key and innovative vendors in the smart space market include ABB (Switzerland), Cisco (US), Siemens (Germany), Huawei Technologies (China), IBM (US), Schneider Electric (France), Smartspace Software (UK), Hitachi Vantara (US), ICONICS (US), Coor (Sweden), Ubisense (UK), Smarten Spaces (Singapore), Spacewell (Belgium), Softweb Solutions (US), Eutech Cybernetic (Singapore), Adappt (US), IMEC (Belgium), Nexus (Sweden), Smart Spaces (UK), reelyActive (Canada), Telit (UK), AllGoVision Technologies (India), Energyly (India), Frugal Labs (Inbdia), and Aira Tech Corp (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com