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Fujitsu partners with fintech firms to launch new customer onboarding solution for financial institutions

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Fujitsu today announces the launch of Smart Origination, customer onboarding technology developed in unique partnership with ImageWare Systems, InAuth, Intelligent Environments, Mitek, and Trunomi.

The joint proposition enables financial institutions to collect, process and verify documents and the identity of new applicants in less than five minutes. It operates across multiple channels to give a seamless customer experience, ultimately increasing conversion and reducing the cost of acquisition of new customers.

Smart Origination reduces identity fraud by up to 99 percent and decreases application abandonment by 40 percent, enabling financial institutions to reduce the financial expense associated with fraudulent customers and more easily attract new customers.

The global collaboration between Fujitsu, ImageWare Systems, InAuth, Intelligent Environments, Mitek Systems and Trunomi builds on existing relationships between the technology providers.

Smart Origination specifically combines each firm’s specialist technology:

  • Fujitsu: K5 next generation cloud platform and trusted SI partner
  • ImageWare: Multi-modal biometrics technology covering voice, facial and iris recognition, and Fujitsu PalmSecure
  • InAuth: Advanced mobile and browser device identification, authentication, risk detection, analysis and risk scoring
  • Intelligent Environments: Powerful digital platform that accommodates any form factor including IoT
  • Mitek: Global electronic ID Verification
  • Trunomi: Customer consent management and data permissions in compliance with EU General Data Protection Regulation.

In the first collaboration of its kind, Smart Origination enables financial institutions to consolidate their digital channels approach and take advantage of a more streamlined and secured origination process, all in strict compliance with the incoming EU General Data Protection Regulation.

Gary Fegan, Head of Digital Financial Services Solutions at Fujitsu, said: “The aim was to take a best of breed approach for digital origination and account servicing but also deliver this as a truly integrated and business aligned solution. I believe Smart Origination allows financial institutions to leapfrog 5 years of internal development and concentrate on real customer-focused innovation whilst meeting their regulatory requirements.”

David Webber, managing director at Intelligent Environments, said: “We live in a truly digital age, yet consumers are still becoming bogged down in old fashioned paperwork when applying for a new bank account or insurance policy. The identity verification stage of these applications alone can often take over an hour, which simply isn’t acceptable for today’s busy consumer.

“Smart Origination, created as a result of an exciting partnership with a selection of leading fintech innovators, means that financial services firms are now able to offer their customers a seamless and streamlined ID verification and application process at the click of a button.”

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Preparing teachers for the future we want

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At its annual meeting in Montego Bay, Jamaica, from 5-9 November, the International Task Force on Teachers for Education 2030 adopted a declaration focused on ensuring that teacher issues stay at the centre of the global education agenda.

Through this declaration, the Teacher Task Force reinforces its vision that at the heart of the right to education is a highly valued, qualified, and well-trained teaching profession. It therefore recommends that:

International partners should intensify efforts to develop robust definitions and classifications of qualified and trained teachers and strengthen cooperation and reporting mechanisms to ensure full monitoring of Sustainable Development Goal target 4c.

Governments should ensure adequate financing for all public goods, including the teacher workforce, and this should be achieved primarily through domestic resource mobilization based on socially just fiscal policies, rigorous measures against corruption and illegal financial flows, efficient and effective teacher policies and deployment practices, developed with the full involvement of teachers and their organisations, and continued focus on external resource mobilization to complement domestic resources for countries.

Moreover, the dual focus of the Education 2030 agenda on equity and learning puts teachers at the heart of policy responses that should foster equal participation and learning globally. Teachers can be an impactful equalizing force to overcome unequal life chances from birth. The massive recruitment of new teachers, particularly in least develop countries, with little or no training is a real cause for concern.

The Teacher Task Force also expressed its concern over the fact that teacher education has not kept pace with preparing new teachers to face the rapid changes in globalization, migration, demographic change, and technological advances that will mark the future of education.

Furthermore, teacher education in this increasing complex world must be forward-looking and prepare teachers who are continuous learners themselves. It must enable teachers to think about the kind of education that is meaningful and relevant to young people’s needs in the different 21st century’s learning environment.

The Teacher Task Force acknowledges the ever-growing importance of Information and Communication Technologies in education. However, technology should be treated as a supportive tool for teachers and not a replacement. Teacher education should therefore empower teachers to use technologies to support learning within a holistic and human-centred educational framework.

The Teacher Task Force also called attention to the fact that teacher education needs to be seen as career-long education and special attention should be paid to the nature of teachers’ professional development, competency frameworks, curriculum development and professional learning communities/communities of practice. As teaching is a knowledge-based profession, teachers and trainers should be supported to continually update their knowledge base.

Through this declaration, the Teacher Task Force advocates for a teacher education that allows teachers to prepare learners to manage change and to be able to shape a just and equitable future, leaving no one behind.

This declaration reflects UNESCO’s belief that the right to education cannot be fulfilled without trained and qualified teachers. Teachers are one of the most influential factors to the improvement of learning outcomes and UNESCO has for long been an advocate of better training for teachers to ensure inclusive and quality education for all.

UNESCO, which is one of the founding members of the International Task Force on Teachers for Education 2030, has supported its work since its creation in 2008 and hosts the Teacher Task Force Secretariat.

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ADB to Partner on New $4 Million Facility to Help Asia Meet Climate Commitments

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The Asian Development Bank (ADB) today announced the launch of the Article 6 Support Facility, a $4 million initiative to help developing member countries (DMCs) in Asia and the Pacific combat climate change through a key provision of the Paris Agreement.

Funded by ADB, the Government of Germany, and the Swedish Energy Agency, the facility will provide technical, capacity building, and policy development support to help the DMCs meet Article 6 of the Paris Agreement, in which countries have voluntarily committed to lower their carbon emissions.

The ultimate goal of the Article 6 Support Facility is for DMCs to achieve critical expertise on Article 6, draw lessons from pilot activities, and enhance their preparedness for participation in carbon markets beyond 2020, while contributing to international negotiations.

The Paris Agreement will go into effect on 1 January, 2020 and aims to limit the increase in the global average temperature to below 2°C.

“This new facility will play an important role in the implementation of the Paris Agreement and we are delighted to be establishing it at this very critical time,” says ADB Sustainable Development and Climate Change Department Director General Mr. Woochong Um.

“Climate change is a challenge that must be met on a global level and we are confident that this facility will help deliver the critical practical experience, innovation, and learning necessary for our developing member countries to meet their emissions targets.”

The facility is another step by ADB toward meeting its commitment to address climate change, a core part of its long-term strategy, Strategy 2030. The strategy commits ADB to scaling up support to address climate change, climate and disaster risks, and environmental degradation as one of seven operational priorities.

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Climate technology collaboration makes an impact

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In its Five Year Progress Report, the Climate Technology Centre and Network (CTCN) has announced that 137 technology solutions have been delivered or are under way in 79 countries. Two thousand five hundred people have been trained and over 10 million tonnes of CO₂eq are expected to be reduced per year with the completion of mitigation-related projects.

The CTCN promotes the accelerated development and transfer of climate technologies for energy-efficient, low-carbon and climate-resilient development. It is the implementation arm of the UN Framework Convention on Climate Change (UNFCCC) Technology Mechanism and is hosted and managed by UN Environment and the United Nations Industrial Development Organization (UNIDO).

With an original investment of US$40m, the CTCN’s technical assistance has leveraged US$670m in anticipated funding for developing countries’ technology implementation.

“Accelerating the deployment of clean and green technologies is crucial for realizing the aims of the Paris Agreement and the Sustainable Development Goals. Over the past five years, the CTCN has served as a powerful example of a UNFCCC mechanism connecting developing countries to the innovative and relevant technologies they seek,” said Patricia Espinosa, Executive Secretary of the UNFCCC.

“Over the last five years, the CTCN has provided targeted interventions to help countries meet their national climate change commitments – through its technology assistance, capacity building programmes and knowledge sharing initiatives. UNIDO is proud to support the Centre in its climate technology transfer mission,” said LI Yong, Director General of UNIDO.

The country-driven nature of the CTCN, with 160 National Designated Entities identifying climate technology needs based on goals set forth in Nationally Determined Contributions and National Adaptation Plans, is closely aligned with the Paris Agreement.

“Our interventions identify the best possible technology options for climate action, and support policy development and resource mobilization to enhance their uptake. Experience from the last five years has taught us that pairing technology expertise with local knowledge is essential, scalability is important and that relationships matter,” emphasized Jukka Uosukainen, Director of the CTCN.

The Climate Technology Centre and Network (CTCN) utilizes the expertise of a global network of over 460 civil society, finance, private sector, and research institutions, to deliver technical assistance and capacity building at the request of developing countries.

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