SINGAPORE, Nov 7, 2024 - (ACN Newswire via SeaPRwire.com) - The Asia Video Industry Association (AVIA) held its very first Japan focused industry event, Japan in View, on 29th October at the Andaz Tokyo, bringing together over 130 international and regional players from across the video and streaming industry.The conference opened and dove straight into the streaming potential of Japan, with Shinjiro Ninagawa, Executive Managing Director and Chief Operating Officer, TVer INC., sharing his ambitions of growing TVer to 3 times as large as it was now, with the business doubling over the next 2 – 3 years. Yu Sasamoto, CEO of Japan and Asia, DAZN, also said that Japan was still at the tipping point of the shift and transformation from traditional linear programming to digital services, and he expected more disruption from new players, with the landscape shifting significantly in the next 5 years.Sam Yousif, Vice President, AMPD Analytics (an MPA company), further expanded on the opportunities for Japan, opening his session describing Japan as “a lucrative, consistently growing multi-billion-dollar industry with a complex competitive landscape and unique customer behaviour.” In Asia (excluding China), Japan was the largest VOD market in terms of revenue with US$6B in 2024, almost two times bigger than the next biggest market, Australia. Revenue had also been growing near double digits every year in the past four years, with a CAGR of 17% from 2020 – 2024, an astounding number for a market this size. VOD consumers also had diverse options, both within and outside of the industry, with VOD only representing 6% of their free time. Japanese consumers also exhibited unique viewing behaviour not seen across other markets, including a distinct preference for local content. 78% of the total hours viewed on VOD in Japan was with Japanese content, with 93% of VOD users consuming Japanese content, and US content only at 16%. And interestingly, there was also a large, shared economy where the top titles, mostly anime, were shared across all the platforms. “With so much content shared across so many platforms, it feels more like a streaming cooperation in Japan than a streaming war,” added Louis Boswell, CEO, AVIA.However, beyond anime, panelists believed that Japan was only scratching the surface in terms of the international opportunity for the export of its content. “If the industry can turn and create content that can be appealing both for Japanese audiences and globally, it's enormous value and enormous opportunity,” said David Shin, Executive Producer, ICONIQUE PICTURES. What was key was to take the wonderful stories that were indigenous to Japan and elevate them with a high level of storytelling that could propel the industry and that content overseas, added Shin.And with the success that Korean content has had internationally, Sun Hong Min, Chief Content Officer, TVING, shared that the foremost reason behind TVING's impressive growth this year was their strategic partnership with leading content providers, that enabled them to offer a diverse arrangement of high-quality premium content that resonated deeply with their users. Min was also of the opinion that local content could resonate on a global scale by combining universal human elements with a narrative deeply rooted in local history, culture and sentiment.Partnerships was also key to growing the business for Buddy Marini, General Manager – Japan, Warner Bros. Discovery, across both linear and streaming, having recently announced a new partnership with U-Next to launch Max in Japan. For local giant J:COM, Kaz Sasajima, General Manager, Media Business Division, the digital domain too represented room for growth, particular in the space of professionally produced content. And wrapping up in the closing panel, for Alexandre Muller, Managing Director, APAC, TV5MONDE, AI was presenting new possibilities, notably in terms of providing greater access to content across multiple languages. “Definitely the place to be is in Asia Pacific, and this is really where the growth is and I can see growth both in linear and as well as on OTT,” added Muller.Japan in View is proudly sponsored by Lead Sponsor Cultural and Creative Industries Development Agency (CCIDA); Gold Sponsors Akamai, Magnite and Publica; Silver Sponsors INVIDI and TV5MONDE.Visit our media gallery for photos from event.About the Asia Video Industry AssociationThe Asia Video Industry Association (AVIA) is the trade association for the video industry and ecosystem in Asia Pacific. It serves to make the video industry stronger and healthier through promoting the common interests of its members. AVIA is the interlocutor for the industry with governments across the region, leads the fight against video piracy through its Coalition Against Piracy (CAP) and provides insight into the video industry through reports and conferences aimed to support a vibrant video industry.For media enquiries and additional background information, please contact:Charmaine KwanHead of Marketing and CommunicationsEmail: charmaine@avia.org | Website: www.avia.orgLinkedIn: www.linkedin.com/company/asiavideoia |Twitter: @AsiaVideoIADisclaimer: The Cultural and Creative Industries Development Agency of the Government of the Hong Kong Special Administrative Region provides funding support to the project only, and does not otherwise take part in the project. Any opinions, findings, conclusions or recommendations expressed in these materials/events (or by members of the project team) are those of the project organisers only and do not reflect the views of the Government of the Hong Kong Special Administrative Region, the Culture, Sports and Tourism Bureau, the Cultural and Creative Industries Development Agency, the CreateSmart Initiative Secretariat or the CreateSmart Initiative Vetting Committee. Copyright 2024 ACN Newswire via SeaPRwire.com.

BANGKOK, Nov 5, 2024 - (ACN Newswire via SeaPRwire.com) - Interroyal Engineering PCL (SET: IROYAL), a provider of engineering services and specialized products, staged an impressive debut on the Market for Alternative Investment (MAI) with positive reception from investors, setting its sights on leading the electric power solutions sector with a focus on innovative energy solutions for the future. The company is moving forward to expand its capabilities, ready to meet demand from multiple industries, and confident in its strong business foundation. IROYAL aims to grow its sustainable, environmentally friendly energy business to ensure continuous long-term growth.Mr. Panapat Mekasuwandumrong, Chief Executive Officer of Interroyal Engineering PCL (IROYAL), reported that IROYAL shares started trading on November 5, 2024, on the MAI in the services sector under the ticker symbol "IROYAL." With over 40 years of experience in the industry, the company has accumulated a wealth of knowledge, understanding, and diverse skills that meet customer needs, earning the trust of leading organizations in the country. This strong foundation is expected to make IROYAL an appealing new IPO to investors.The company plans to drive continuous growth by investing to enhance its competitive capabilities and meet service demand from various industries. It also sees opportunities to expand into technology projects, leveraging its expertise in the steps, processes, and products used in power generation to improve the current operational processes of power plants.Additionally, the company has recently expanded its customer base into more diverse industries to broaden its clientele, targeting sectors like oil refineries or petrochemical plants with combustion systems, and cement plants with flue gas management systems. It has also begun expanding its product offerings to include items used in uninterruptible power supply (UPS) systems, aimed at customers in hotels, large buildings, and hospitals—sectors that require backup power and energy systems.Ms. Prapapan Prapatpotipong, Director of Interroyal Engineering PCL (IROYAL), stated that the company plans to use funds raised from the IPO, after deducting related expenses, to grow the business and strengthen its position as a leader in innovative energy solutions. The objectives include: 1) using 280 million THB in 2024-2025 for bidding and guaranteeing performance for public sector, state enterprise, and private sector projects, which will enhance the company’s future business opportunities, and 2) allocating 78.21 million THB as working capital in 2024-2025. Additionally, IROYAL has set a dividend policy to pay shareholders at a rate of not less than 50% of net profit, after tax and reserve allocations, as stipulated by law and company regulations.The group has always emphasized research and development to maintain high product quality, sourcing from manufacturers with leading innovation and technology in production processes. These products, which meet international quality standards, come from globally recognized brands based in the United States, the United Kingdom, Germany, Switzerland, Italy, Australia, Japan, China, and Singapore, among others. As of the first half of 2024, the company’s backlog stands at 63.01 million THB, with revenue recognition expected at 28.11 million THB this year and the remainder recognized in the following year.As the lead underwriter, Ms Nalyne Viriyasathien, Managing Director of Investment Banking and Advisory at Maybank Securities (Thailand) PCL, stated that Inter Royal Engineering PCL (IROYAL) has over 40 years of experience and expertise in the industry. The company leverages its knowledge, understanding, and diverse skills set to effectively meet client needs, earning the trust of top organizations nationwide. This has resulted in a solid customer base in both the public and private sectors, domestically and internationally, within electric power and other industries. Notable clients include Hongsa Power Co., Ltd. (Hongsa Power Plant in Laos), the Electricity Generating Authority of Thailand (EGAT), TPI Polene PCL (TPIPL), and PTT Global Chemical PCL (PTTGC). IROYAL aims to maintain these customer relationships by offering maintenance and efficiency improvement services.Mr. Somsak Sirichainarumitr, CEO of Asset Pro Management Co., Ltd., as the financial advisor, noted that IROYAL is well-positioned for growth opportunities within the electrical energy and key industry sectors by providing specialized engineering products and services, while maintaining long-term relationships with clients. This positions IROYAL’s revenue growth to align with the revenue growth in the electric power sector. Additionally, the company has the potential to participate in bidding for projects in core and new sectors, supporting its long-term sustainability.Released by Public Relations Dept, MT Multimedia Co., Ltd for Interroyal Engineering PCL, or IROYALFor more information, please contact:Pipop Kongwong, T: +66 81-929-8864; E: pipop.k@mtmultimedia.com Interroyal Engineering PCLL [SET: IROYA, IROYA-R, IROYA/F] https://www.interroyalengineering.com/ Copyright 2024 ACN Newswire via SeaPRwire.com.

BOCA RATON, Fla., Nov 6, 2024 - (ACN Newswire via SeaPRwire.com) - SMC Entertainment, Inc. ("SMC" or the "Company") (OTC PINK: SMCE), a Fintech incubator company focused on acquisition and support of commercialized financial services and technology (Fintech) companies, is pleased to announce that it has executed an Acquisition Agreement to acquire a 100% interest in Australia-based Bateau Asset Management, a boutique investment manager (“Bateau”). The acquisition will provide SMC with an initial presence in the Southeast Asia Fintech market.Since 2016, Bateau has offered an absolute-return investment philosophy delivered by a multi-manager approach to investing. Services include investment research andeducation with the objective of providing clients with rigorously constructed absolute return portfolios that they can understand.As further detailed in the Company’s Current Report on Form 8-K filed with the SEC, under the terms of the executed Acquisition Agreement, SMC will acquire 100% of Bateau in exchange for the issuance of 14,000,000 shares of Series C Preferred Stock and $2,000,000 in convertible promissory notes.About Bateau Asset ManagementBateau Asset Management is a boutique investment manager founded in 2016 based in Australia with offices in Singapore. Bateau follows an absolute-return investment philosophy and a multi-manager approach to investing.To learn more, go to https://www.bateauam.com.au/.About SMC Entertainment, Inc.SMC is a versatile holding company focused on acquisition and support of proven commercialized financial services and technology (Fintech) companies. SMC's multi-discipline growth by acquisition approach is to enhance revenues and shareholder equity. For more information on SMC, visit www.smceinc.com.Press Release Contact:Erik BlumChief Executive OfficerSMC Entertainment, Inc.360-820-5973Safe Harbor StatementSome of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets, and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. The Company does not make any representation or warranty, express or implied, regarding the accuracy, completeness, or updated status of such forward-looking statements or information provided by any third-party. Therefore, in no case whatsoever will the Company and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or any related damages. Copyright 2024 ACN Newswire via SeaPRwire.com.

Road Town, BVI, Nov 6, 2024 - (ACN Newswire via SeaPRwire.com) - Alpaca Network, a decentralized AI research lab, is excited to extend an invitation to AI engineers, researchers, developers, founders, and key opinion leaders worldwide to become part of its “Mentor Lab”. Founded by seasoned AI and web3 industry visionaries, Alpaca Network is on a mission to create the decentralized task-layer of web3, enabling a collaborative environment where innovators can contribute, learn, and shape the future of artificial intelligence by understanding the real demand and use cases. Alpaca Network is putting out a call to action for individuals to sign up as “Lab Mentors” , a role which gives AI engineers and founders an insider-lens into early stage cutting-edge AI projects. You will join a growing Brain Trust of high-level thinkers and advisors. The Lab Mentors will engage with a community wanting to build a user owned, positive sum and general purpose evolution of AI, all the while maintaining the flexibility to participate at their own pace, working with projects that relate to them."Our vision is to build a hub where decentralized AI research and development is incentivized through task requests that are then coordinated by a multi-agent network of AI and AI-augmented humans." said Joaquim Miro, Co-Founder of Alpaca Network. "By inviting AI engineers and enthusiasts to join us as Lab Mentors and be part of our Brain Trust, we're charting a path to a new type of open and ethical advancement in AI which is network driven."What Does It Mean to Be a Lab Mentor?As a Lab Mentor you will:- Access: Early insights into Alpaca Network's stealth-mode AI projects and initiatives.- Engage: Connect with a global community of high-level thinkers, advisers, and engineers.- Contribute: Have a forum to share your ideas and expertise with ongoing projects.- Learn: Stay informed about the latest developments in decentralized AI research.Whether you're an experienced AI engineer or an enthusiastic hobbyist, your perspective is valuable in our collaborative effort to advance AI technology."By bringing together a diverse group of AI experts, visionary thinkers, and business leaders we aim to accelerate innovation and make AI more ethical and transparent." added Vaughn DiMarco, Co-Founder of Alpaca Network. "Lab Mentors play a crucial role in this mission by providing fresh insights and fostering collaboration and connectivity between thought leaders and reducing knowledge gaps."If you are passionate about AI and interested in collaboration then we invite you to join us as a Lab Mentor and become part of our Brain Trust of high level thinkers.About Alpaca NetworkAlpaca Network is a decentralized AI research lab offering a comprehensive suite of products and services for AI researchers and developers. These include access to computing resources, funding, token launch support, and a global braintrust dedicated to creating and scaling an AI-coordinated task layer across the web3 ecosystem.Media Contact:Alpaca Network x.com/alpacanetworkaicontact@alpacanetwork.ai Copyright 2024 ACN Newswire via SeaPRwire.com.

- Featuring over 200 renowned brands from around the globe at the Brand Name Gallery- New thematic labels for Elderly Products, Green Design and Smart Eyewear categories- Symposium explores myopia control and prevention- Award-winning and shortlisted designs of the 24th Hong Kong Eyewear Design Competition on displayHONG KONG, Nov 6, 2024 - (ACN Newswire via SeaPRwire.com) - The 32nd Hong Kong International Optical Fair, organised by the Hong Kong Trade Development Council (HKTDC) and co-organised by the Hong Kong Optical Manufacturers Association (HKOMA), brings together over 700 exhibitors from 17 countries and regions. Under the theme of “Seeing is Believing”, the Fair provides a one-stop promotion and procurement platform for the industry. The Fair continues the EXHIBITION+ hybrid model, running a physical exhibition from today through to 8 November at the Hong Kong Convention and Exhibition Centre, while the online exhibition will be accessible until 15 November.Sophia Chong, Acting Executive Director, HKTDC, said: "The Hong Kong International Optical Fair brings together leading eyewear suppliers to present cutting-edge craftsmanship, innovation, and trendsetting products from across the world. This platform fosters networking and business opportunities within the industry.”“To help the industry expand international business networks, the HKTDC has organised 80 buying missions from 45 countries and regions,” Ms Chong added. “Notable buyers include Best Group from Mainland China, Chilli Beans and Vista Import from Brazil, The Intersett Ltd. from Hungary, EYFE Inc. from Japan, Opticalia Okulux from Mexico, Foptics from Singapore, Grey Sunglasses from Spain, and Euro Vision and Vision Plus from the USA.”The annual optical fair is a hallmark event for the industry. In addition to internationally renowned local brands, this year's Fair features exhibitors from Europe and the Americas, such as France, Germany, the United Kingdom, and the United States, as well as from Asia, including Mainland China, Japan, Korea, Singapore, and Taiwan, and from the Middle East, such as Türkiye. The Fair also welcomes back exhibitors from Australia and Malaysia, which are returning after the pandemic.This year’s Optical Fair features several group pavilions, including Mainland China, Japan, Korea and Taiwan, as well as the Visionaries of Style and HKOMA Pavilion; along with pavilions from cities in Mainland China, including Danyang in Jiangsu, Jiaojiang in Zhejiang, Shenzhen in Guangdong and Yingtan in Jiangxi. The Fair provides valuable networking opportunities for exhibitors and supports the local industry in entering the international market and capturing the enormous opportunities in emerging markets.Brand Name Gallery Showcases World-Class DesignsThe Brand Name Gallery showcases a curated selection of over 200 renowned local and overseas brands, such as Rosie Allan from Australia, MINIMA from France; STEPPER from Germany; FRANCO FERRARO from Italy; PLUME from Korea; Nano Vista from Spain; Pepe Jeans, Taylor Morris London, Ted Baker, and Vivienne Westwood from the United Kingdom; along with Anna Sui from the United States and more. Highlighted eyewear pieces include:- Karavan (Booth: GH-C08): This French brand presents handcrafted metal and acetate optical frames in bold colours.- TAVAT (Booth: GH-A20): The SoupCan series by this Italian brand features meticulously handcrafted mixed-material frames which undergo more than 100 production steps, resulting in rich texture and depth.- Miyamoto Optical (Booth: GH-B04): This Japanese brand adds weights at the temple tips for ultra-balanced frames. This innovative design has earned top honours in Japan’s Functional and Technical category awards.- Art Optical (Booth: GH-K01): This Hong Kong brand utilises materials with exceptional stability and impact resistance to create lighter, thinner frames for enhanced comfort. The lenses boast superior scratch resistance and high transparency, ensuring durability and clarity.- Solos Technology Limited (Booth: GH-B26): This Hong Kong brand presents the cutting-edge Solos AirGo™ V smart eyewear range, complete with integrated cameras and ChatGPT-4o functionality.Three New Thematic Labels for Facilitating Buyer’s Procurement ExperienceThe Optical Fair this year features 12 product zones showcasing a diverse variety of eyewear products. Three product categories will be highlighted using special labels to facilitate buying: Smart Ageing Products, Green Solution Suppliers, and Smart Eyewear.Highlighted eyewear:- Eleung Limited (Booth: 1E-D14): Featuring BioCell material in their eyewear frames, a cellulose acetate derived from cotton or wood pulp. It contains no industry-standard plasticisers and is compatible with polycarbonate lenses.- Wenzhou Skysea (Booth: 1D-B33): Offering compact, foldable anti-blue light unisex reading glasses weighing just 15 grams, designed to easily fit into a pocket or purse, ideal for seniors.- Wenzhou Brilliant Vision (Booth: 1D-F02): Introducing relaxing and blue light-blocking reading glasses made of high-quality material for comfort and durability. The unique blue-blocker feature protects eyes from harmful light, reducing the risk of glaucoma and vision-damage.- Wenzhou Innovision Optical (Booth: 1B-D31): Showcasing bio-acetate, a material derived from renewable resources, reducing carbon use and plastic waste.- Chongqing Deding Optical Technology (Booth: 1CON-038): Unveiling ultra-thin smart glasses with a temple thickness of less than 5mm, equipped with a magnetic induction switch and Bluetooth 5.2 for efficient transmission, supporting calls, music playback, and navigation.- Kubota Pharmaceutical Holdings Co., Ltd. (Booth: GH-B30): Introducing Kubota Glass, utilising AR technology to achieve myopic defocus. This system projects an artificially myopically defocused image in front of the retina.Gathering International Optometrists to Explore Progress in Myopia Control and PreventionThe 22nd Hong Kong International Optometric Symposium will be held tomorrow, 7 November. Organised by HKTDC in partnership with The Hong Kong Optometric Association and The Hong Kong Polytechnic University, the symposium will explore myopia control and prevention.Dr Simon TANG, Director of Cluster Services, Hong Kong Hospital Authority, will deliver the opening remarks. Speakers include Professor Ian Morgan from the Australian National University, Dr. Regan Ashby from the University of Canberra, Professor Frank Schaeffel from the University of Tübingen, Professor Kee Chea-su from The Hong Kong Polytechnic University, Professor Chen Zhi from Fudan University, and Dr. Chen Jun from Shanghai Eye Hospital. This event is an accredited Continuing Professional Development (CPD) course by the Optometrists Board, Hong Kong and is endorsed by the Council on Optometric Practitioner Education (COPE).The inaugural Asia-Pacific Eye Health Summit (Hong Kong) and the Greater Bay Area Optometric Practice Development Forum will take place on 8 November, to explore the latest trends and opportunities in the eye health sector within the Greater Bay Area. The Fair will also offer talks and seminars on smart eyewear, sports eyewear, and eyewear for the elderly, helping industry professionals stay updated on global market trend.Exploring Local Creative DesignEyewear parades by professional models will be held to show different styles of eyewear products. To foster Hong Kong’s creativity and innovation, the HKTDC and HKOMA have organised the 24th Hong Kong Eyewear Design Competition under the theme of “Be Bold”. The competition award ceremony will be held this afternoon, and the award-winning and shortlisted designs will be prominently displayed in Exhibition Hall 1D, The Forum, throughout the exhibition. For more details on the overview of competition entries, please visit: finalist_design_Info.pdf.Furthermore, to acknowledge exhibitors who incorporate sustainable elements into their booth designs, the fair has introduced the "Green Booth Design Award". This initiative seeks to commend exhibitors for reducing the environmental footprint of their exhibition booth.Photo download: https://bit.ly/4hBe7aTThe 32nd Hong Kong Optical Fair opens today, showcasing the latest eyewear and optometric products from over 700 exhibitors across 17 countries and regionsModels showcase new products at the eyewear paradeThe Brand Name Gallery showcases over 200 renowned brands from around the world, featuring works from various local and international designers.The fair introduces new category labels, including Smart Ageing Products, Green Solutions Suppliers, and Smart Eyewear, to facilitate purchases for buyersThe Fair continues to feature the "Designer Cafe", showcasing a range of emerging designers and brand productsWinning and shortlisted entries from the 24th Hong Kong Eyewear Design Competition are currently on display in Exhibition Hall 1D, The ForumWebsites:Hong Kong International Optical Fair:https://www.hktdc.com/event/hkopticalfair/enEvent Details of the Hong Kong International Optical Fair: https://www.hktdc.com/event/hkopticalfair/en/intelligence-hub 22nd Hong Kong International Optometric Symposium: https://www.hktdc.com/event/hkopticalfair/en/the-22nd-hong-kong-international-optometric-symposiumHKTDC Media Room: http://mediaroom.hktdc.com/enFair Details (Physical)Date:Wednesday 6 – Friday 8 NovemberTime:6 to 7 November 9:30am – 6:30pm8 November 9:30am – 5:00pmVenue:Hong Kong Convention and Exhibition CentreAdmission:For trade visitors aged 18 or above only.Onsite Registration Fee: HK$100 per person (free for e-Badge registration and pre-registered buyers)Click2Match – Smart Business Matching Platform: 30 October – 15 NovemberMedia enquiriesPlease contact the HKTDC Communications and Public Affairs Department:Johnny TsuiTel: (852) 2584 4395johnny.cy.tsui@hktdc.orgSharon HaTel: (852) 2584 4575sharon.mt.ha@hktdc.orgAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2024 ACN Newswire via SeaPRwire.com.

SAN FRANCISCO, CA & MUMBAI, Nov 6, 2024 - (ACN Newswire via SeaPRwire.com) - CleverTap, the all-in-one engagement platform, today released its latest Market Research Report with insights into the global banking landscape, “Banking on AI: A Leader's Guide to Customer Engagement Excellence in Banking”. The report reveals that 57% of banking executives have yet to achieve a unified customer view, indicating significant challenges with data silos due to technological barriers and cost constraints. These data challenges are impacting banks’ ability to deliver personalized, seamless customer experiences in an era where AI-driven engagement is becoming essential.The research explores the transformative shift within the banking sector leveraging AI to address modern banking challenges, including the need for personalized and secure digital experiences amid rapid digital transformation. Through this study, CleverTap set out to identify where the AI opportunity lies for banks and introduced its strategic framework to help banks build excellence in customer engagement, along with highlighting key trends for Banks in customer engagement within the AI space, while understanding the challenges and opportunities faced by banking leaders. Furthermore, the company also assessed AI's role in enhancing customer experiences.The methodology included a survey of 50 senior executives in India’s banking sector, in-depth interviews for qualitative insights, and analysis of industry benchmarks and best practices. This research covered banks with a combined total asset size of about $3.03 trillion, spanning APAC, the Middle East, North America, LATAM, and the EU.Insights from the report reveal that 3 out of 4 banking executives may be missing out on critical opportunities to build customer loyalty and drive sustainable growth, as they focus heavily on short-term revenue targets. To effectively balance short-term metrics with long-term financial outcomes, banks need to harness advanced analytics that not only track current performance but also predict future customer behaviors.To assess the gaps and identify opportunities for the banking sectors in the age of AI, CleverTap has developed a framework that will serve as a foundation to improve customer experiences and drive long-term value. CleverTap’s Core Four Framework – encompassing Trust, Technology, Touchpoints, and Transactions – is designed to help banks transition from product-focused to customer-centric approaches, cultivating deeper relationships and delivering phy-gital experiences. The research covers the nuances for retail banks, neo-banks, and specialized banks, providing insights across the four core pillars.Key gaps identified basis of the framework include:Loyal customers generate 2.5x higher transaction value than others, and referred prospects are 3.5x more likely to onboard. However, 50% of banking executives do not effectively leverage their high-NPS (Net Promoter Score) customers57% of banking executives have yet to implement a unified customer view, suggesting issues with data silos. The primary obstacles to unification are technological challenges and associated costs41% of banking executives are not using real-time segmentation capabilities, limiting their ability to deliver timely and personalized communicationBanks using more than four channels in their engagement campaigns see a 53% improvement in conversions compared to those using fewer than four channels, yet only about 33% of banks have adopted this approachBanks can harness the power of the Core Four by implementing a comprehensive AI strategy, as detailed in CleverTap’s report Banking on AI: A Leader's Guide to Customer Engagement Excellence in Banking.This approach consists of three key stages:Operational Optimizers focus on using AI to enhance operational efficiency through the automation of routine tasks and improved workflow processesPersonalization & Experimentation Architects where AI is applied to improve orchestration while personalizing interactions and conducting experiments at scale to boost conversionStrategic Innovators showcase the use of AI for automating strategic decision-making and providing deeper insights for long-term planningCommenting on the report, Jacob Joseph, VP - Data Science, CleverTap said, “The banking sector has often played catch-up when it comes to tech innovations, but customer familiarity with digital solutions is making it clear that banks need to bridge this divide quickly. The banking sector often remains a 'follower' in tech adoption. This cautious stance means banks typically wait for proof of concept before fully embracing new technologies. Our latest report dives into how AI can bridge the current gaps in customer experience and operational efficiency, helping banks not only meet evolving customer expectations but exceed them. By deploying integrated, AI-powered solutions, banks can deliver the hyper-personalized experiences today’s customers expect, building lasting trust and loyalty. For banks aiming to stay competitive in a digital-first world, AI isn’t optional - it’s essential.”Looking ahead at the future of the banking sector with AI, CleverTap’s latest insights highlight six transformative AI outlooks that are poised to redefine customer engagement and operations:Customer engagement for banking is driven by innovations like synthetic data, which enhances analytics without compromising privacyBanks are also prioritizing emotional engagement, using AI to create immersive experiences and personalized gamification that fosters customer loyaltyModernizing MarTech through AI-powered ecosystems allows banks to integrate data and services seamlessly, enhancing customer experiencesA shift towards a customer-centric approach, leveraging AI for dynamic personalization, further strengthens relationships and retentionAdditionally, implementing responsible AI frameworks builds trust by ensuring transparency and complianceFinally, the collaboration with fintech firms through AI-powered open banking creates holistic financial ecosystems, offering a wider range of services and real-time insights to customers, thereby increasing trust and engagementFor more information and insights download the report here.About CleverTapCleverTap is the leading all-in-one customer engagement platform that helps brands unlock limitless customer lifetime value. CleverTap is trusted by over 2000 brands like Domino’s, Levis, Jio, Papa John’s, Zomato, Kotak Bank, Air Asia, Carousell, TD Bank, and Tesco to help build personalized experiences for all their customers. The platform is powered by TesseractDB™ – the world’s first purpose-built database for customer engagement, offering speed and cost efficiency at scale.Backed by top-tier investors such as Accel, Peak XV Partners, Tiger Global, CDPQ, and 360 One, the company is headquartered in San Francisco, with presence across Seattle, London, São Paulo, Bogota, Mexico, Amsterdam, Sofia, Dubai, Mumbai, Bangalore, Singapore, Vietnam, and Jakarta.For more information, visit clevertap.com or follow us on:LinkedIn: https://www.linkedin.com/company/clevertap/ X: https://twitter.com/CleverTap Forward-Looking StatementsSome of the statements in this press release may represent CleverTap's belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release.Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, the impact of a pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness, or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction.For more information:SONY SHETTYDirector, Communications, CleverTap+91 9820900036sony@clevertap.com ASHMIT CHAUDHARYAssociate Consultant, Archetype+91 8850752121ashmit.chaudhary@archetype.co Copyright 2024 ACN Newswire via SeaPRwire.com.

BANGKOK, Nov 6, 2024 - (ACN Newswire via SeaPRwire.com) - Tourists, visitors and passersby around Bangkok’s Sukhumvit district looking for a place to dine now have one more option to choose from. Bird House Cafe & Bar opened in July 2024 with the aim to be an all-day comfort place for patrons of all ages.Bird House Cafe & Bar boasts a unique range of beverages at its cafe, including (from left to right): Lime Soda with Anchan Flower, Iced Tea with Honeycomb and Espresso Orange.Located right in the centre of The Racquet Club’s new community space, RQ Bite 49, Bird House is a two-storey glasshouse cafe by day, and bar by night, offering an extensive menu ranging from beers to burgers, and wine to sandwiches.Open daily from 8am till midnight, Bird House boasts a unique range of beverages at its cafe. Caffeine connoisseurs can sip on unique blends of coffee sourced directly from Ethiopia, Brazil and within Southeast Asia, with unique beverages like Espresso Orange, Espresso Passion Fruit and Ice Whiskey Latte. The cafe also serves familiar beverages like Americanos, Lattes, Mochas, Matcha and juices. By night, the cafe transforms into a bar serving American craft beer Sierra Nevada, Spanish lager Mahou, Belgian ale Duvel and more, to cater to the nighttime crowd.The cafe serves a range of sweet and savoury treats, such as sandwiches, muffins, croissants and cookies. Patrons looking for a meal can turn to Goodburgs, the hole-in-the-wall take-away burger outlet next door. Goodburgs is known for its smash burgers and fries, suited for all taste buds, and offers up to nine different types of sauces and three types of loaded fries - BBQ Pulled Pork, Chilli Cheese and Oklahoma Blue Cheese.Bird House and Goodburgs founder Nikhil Rattanaphas said, “The food and beverage industry is constantly evolving, and it is crucial for business owners to be aware of the ever-changing environment. While we originally intended Bird House to be a bar, we saw the opportunity to open for longer hours and serve customers throughout the day, especially at our location beside The Racquet Club. I am grateful to my investor, advisor, and most importantly, friend, Thanit Apipatana who suggested the strategic location for the cafe and bar.”Apipatana, a Bangkok-based entrepreneur and investor, commented about how he saw the location as ideal for Nikhil’s F&B venture. “I visit The Racquet Club frequently and have been in conversations with Nikhil to set up his own F&B establishment. I saw this place as an opportunity for an establishment to attract customers of all ages, as its unique location attracts different footfall traffic throughout the day. Nikhil took my advice and now he has his own cafe and bar serving different menus to cater to customers of all ages throughout the day,” he said.Patrons can enjoy a range of food beyond what the cafe and bar offers, as Bird House has a unique and welcoming policy which allows customers to bring outside food and dine in the cafe as long as they order a drink. The variety of food offered at RQ Bite 49 includes Korean street food, gelato and patisserie, as well as fresh, made-to-order pizza among others.Nikhil expressed gratitude towards Apipatana for his expertise as an advisor and investor. “Apipatana not only shared his experiences in growing businesses, which helped me develop Bird House to offer unique products and services to our customers. His expertise and insights provided me with strategic guidance, and helped me navigate the complexities of the business landscape. The partnership with Apipatana built on trust, mutual respect and aligned goals, was a cornerstone of the success of Bird House,” he said.From an extensive range of unique menu items to serving high-quality beers at competitive prices, such as Sierra Nevada on tap, Bird House aspires to be an all-day dining establishment catering to residents, visitors and patrons of all ages, lifestyles and needs.“Bird House is up and running, and will be a long-standing fair place giving people what they want. The business landscape is going to be challenging, but Bird House offers a variety and we are confident that the business can grow in time to come,” Nikhil added.Bird House Cafe & BarBird House Cafe & Bar is located at 3 unit no. RQ.7 001, Soi Prachankadee 3 (Sukhumvit 49/9), Klongton-Nua, WattanaFacebook: https://www.facebook.com/birdhousebkkInstagram: https://www.instagram.com/birdhouse.bkk/ Copyright 2024 ACN Newswire via SeaPRwire.com.