Page 38 - SAMENA Trends - April 2020

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

Tech Mahindra and Innoveo Drive Digital Transformation to Enhance

Customer Experience Globally in Insurance Banking and Wealth Management

Tech Mahindra Ltd. a leading provider technical talent with the necessary of new products in real time; help them
of digital transformation, consulting and coding expertise, and the critical need trade financial and insurance products
business reengineering services and to accelerate innovation and enable through multiple distribution channels, and
solutions, with Innoveo, a Zurich based new business models in order to grow improve efficiency of processes like risk
leading technology software provider, and succeed financially. Tech Mahindra assessment, insurance policies, banking
have announced that the enterprises will and Innoveo will jointly offer innovative products, policy lifecycle, customer
partner to drive digital transformation to solutions to companies struggling with advisory, servicing and claims resolution.”
enhance customer experience globally competitive market demands and critical Today’s customers are demanding nimble,
in Insurance, Banking and Wealth antiquated legacy systems. Gautam reliable and efficient technologies to deliver
Management. Through this partnership, Bhasin, Global Head Banking, Financial engaging customer experiences, mobile
they will leverage No-Code Platforms to Services and Insurance, Tech Mahindra, applications and digital channels. Innoveo
accelerate the launch of custom-built said, “As part of our TechMNxt charter, Skye® empowers businesses with the
applications for their collective network of we at Tech Mahindra are committed to ability to launch powerful applications up
clients without software coding in real-time enabling our customers to digitalize their to ten times faster than the conventional
across all banking, wealth management journey and provide enhanced experiences development process. Innoveo Skye®
and insurance sectors. Today’s business to customers. Through our partnership is fast and flexible, enabling financial
models are faced with maturing markets with Innoveo, Tech Mahindra will enable businesses and carriers to go to market
combined with millennial demands digitalization of sales and distribution with new products in a matter of weeks.
for engaging experiences, scarcity of channels for enterprises to ensure launch

Thuraya MarineStar Becomes a Major Success

Story

Thuraya, the mobile satellite services Asian maritime markets. This versatile Thuraya MarineStar in late 2019, we
subsidiary of the UAE-based global solution was sold out within a month were sure we had a winner on our hands.
satellite company, Yahsat, has announced after its launch and first installations have For the cost-conscious user who has
that Thuraya MarineStar, its best in class, been made successfully. Due to robust to abide by a tight budget, this feature-
affordable maritime voice solution with demand from fisheries, Thuraya’s Service rich voice solution offers a wide range
advanced two-way tracking and monitoring Partners are now placing new bulk orders of value add-ons at an affordable price,”
capabilities is a bestseller, especially in the for the hardware units. “When we launched said Shawkat Ahmed, Thuraya’s Chief
Commercial Officer. He continued, “We
have seen products that had ambitious
launches, but are still unfortunately out
of reach due to total cost of ownership.
Thuraya MarineStar is an unprecedented
success, because it meets all the essential
requirements in terms of connectivity,
safety, flexibility and affordability.” As an
entry-level solution, Thuraya MarineStar
is built on the same successful voice
platform that has sold more than one
million Thuraya satellite voice devices.
Since it enables tracking and monitoring,
in addition to voice communications,
vessel operators do not have to invest
more in their tracking systems or a brand
new tracking application.

38 APRIL 2020