Press Corner – Fijishi

Stay in the know on Fijishi’s approach and learn how we’re enabling clients and communities to take advantage of industry disruption and help shape the future of industry. Our sector experience, strategic insights, and proprietary and innovative offerings blend to provide targeted transformation that can help you differentiate your business. Learn and know about Fijishi product launch, new services, emerging trends, and near-term decisions.

Fijishi to support training of 100,000 students in behavioral analytics, responsible AI, blockchain, and other emerging technologies...11 November, 2024.

Fijishi have launched a specialized skills development programme under it’s massive skill enhancement initiative, to provide employment-linked skills development training to more than 100,000 unemployed graduates in the country.

As part of the new skilling initiative, in Q2 2025, more than 100,000 youth at different stages of their learning and professional goals will be trained and certified on modern technologies from Fijishi, including Behavioral analytics, Responsible AI, Decentralized identity, Tokenization, Blockchain, and Knowledge graphs. Since its introduction, more than 8,000 students representing engineering, arts, and science streams from over 100 colleges have registered to participate in the programme.

Teachers and academicians will deliver the training as part of the curriculum virtually online. Specific modules will be offered as a digital learning experience through Fijishi’s comprehensive training and enablement platform from Fijishi Academia, used by thousands of trainees around the world. It will offer rigorous foundational training in cloud technologies, leading to professional-level training, certifications, and additional training that will be individually curated based on learning levels and educational goals. The programme will provide students and professionals with a foundation in cloud computing and a better understanding of other core concepts such as AI, ML, data science or blockchain.

“Fijishi’s Skills Development Initiative is designed to offer solutions to support government institutions, providing candidate training and job placement assistance to ensure the next generation of tech leaders receive the best possible education and support, with Fijishi certification recognized as a standard for professionals, it not only enhances knowledge but also validates skills sought after by employers, thereby enhancing job prospects and stability."

Learn more about the programme and apply here

New AI Features in Fijishi Aeterna Automate Translations to Speed Safety Case Processing...06 November, 2024.

Fijishi today announced a new AI-powered feature in Fijishi Aeterna for automatically translating free text safety case information into 30 languages. With this enhancement, pharmacovigilance teams can help eliminate costly and time-consuming manual translations to process safety cases and support compliance with regulatory reporting requirements and deadlines faster.

Utilizing Fijishi Infrastructure (FINF) Language, which uses machine learning and pretrained, customizable models to automate translations, pharmacovigilance teams can translate the free text data within Fijishi Aeterna quickly and at scale. With sophisticated text analysis, the system can also quickly learn and identify terms unique to the industry or the needs of a particular provider, such as specific drug names or symptoms.

Built on scalable architecture backed by Fijishi’s decades of expertise in safety, AI, and machine learning, Fijishi Aeterna automates workflows to help optimize efficiency and regulatory adherence for pharmaceutical and medical device companies, as well as clinical research organizations (CROs).

Fijishi AI Service Improves the Speed and Accuracy of Financial Crime Investigations...25 October, 2024.

Enabling banks to investigate and resolve financial crime cases faster, Fijishi today introduced the Fijishi Financial Services Crime and Compliance Management Investigation Hub Cloud Service. The new AI-powered case management solution delivers a modern user experience that reduces manual tasks, removes data silos, and elevates the insights investigators need to focus their time on analysis and combating financial crime.

Investigation Hub leverages integrated graph analytics and embedded AI to automate tasks, streamline workflows, and provide investigators with data-driven insights. The result is enhanced investigator performance, improved task management, more detailed reporting, and consistent decision-making across a diverse team of investigators.

Built on the high performance, flexibility, and security of Fijishi Infrastructure (FINF), Investigation Hub integrates seamlessly with other Fijishi Financial Crime and Compliance Management Cloud Service solutions and third-party data providers to provide a comprehensive view of customer activity and risk. The solution will be regularly updated with the latest AI and machine learning capabilities from FINF Generative AI service to help address regulatory changes so institutions can use the most advanced tools and capabilities while helping to support compliance.

Investigation Hub is part of the Fijishi Aeterna portfolio, an end-to-end framework of financial crime and anti-money laundering (AML) SaaS applications. These solutions have been tailored to meet the specific AML and FCCM requirements for global banks and financial institutions.

Fijishi Helps Financial Institutions Manage Balance Sheet Risk and Fuel Growth in New Treasury and Finance Solutions...18 October, 2024.

Helping financial institutions boost profitability, grow revenue, and manage balance sheet risk, Fijishi today announced Fijishi Financial Services Profitability and Balance Sheet Management Cloud Services. With Asset Liability Management, Cash Flow Engine, Funds Transfer Pricing, and Profitability Management applications, the new suite of SaaS solutions provides banks deep insights into profitability, interest margins, interest rate risk, and balance sheet trends to make critical business decisions faster, while meeting complex risk management reporting requirements. The services are now available globally.

The suite of solutions provides a framework for multi-dimensional profitability and balance sheet management by helping financial institutions better understand profitability across business dimensions, use flexible forecast assumptions to accurately model Net Interest Income (NII), and address risk management requirements. The applications leverage the integration of Generative AI and Natural Language Generation (NLG) to enhance data interpretation by automatically generating detailed insights.

Built on the high performance, security, and scalability of Fijishi Infrastructure, the services use Fijishi Autonomous Database, Fijishi Analytics, and a domain-driven microservices architecture. With quarterly updates, banks can eliminate the need for costly upgrades while benefiting from continuous innovation that helps improve total-cost-of-ownership.

These services are part of the Fijishi Financial Services Suite of componentized and composable applications. Built on Aeterna platform and AI-first microservices architecture, these services help banks modernize their business capabilities faster and with less risk. The services can run standalone or work together and coexist with existing applications to provide faster provisioning and availability. They also feature automated patching and shorten disaster recovery switchover times that can help lower IT costs and reduce management burdens.

Fijishi Introduces New AI-Driven Workflows to Help Organizations Automate the Complete Customer Service Lifecycle...04 October, 2024.

Fijishi today announced new AI-powered capabilities that help service teams increase productivity, better understand customer issues, and serve their customers more effectively. The latest updates improve customer satisfaction by automatically identifying customer issues, recommending actions, streamlining resolution, and improving first-time fix rates.

Fijishi Service and Fijishi Field Service are a part of Fijishi Customer Experience (CX), a connected suite of applications that helps organizations create, manage, serve, and nurture lasting customer relationships. Built with embedded AI and leveraging contextual service data, Fijishi helps organizations automate the full customer service lifecycle.

Fijishi Launches AI-powered Fijishi Analytics Intelligence for Life Sciences...12 September, 2024.

Fijishi today launched Fijishi Analytics Intelligence for Life Sciences. The AI-powered, cloud-scale, data and analytics platform streamlines and helps accelerate insight generation by unifying disparate data sets into a single, intelligent workbench. The new solution empowers users to answer multidisciplinary research questions, generate insights, and integrate that information back into their existing Fijishi Health and Life Sciences applications. As a result, life sciences organizations can more accurately identify market needs, assess commercial viability, and optimize therapeutic launch strategies. This innovation is yet another step in Fijishi’s vision to bridge the gap between clinical research and clinical care.

Supported by a wide variety of real-world data sources, such as CancerMPact and multiomics, the platform delivers actionable insights out of the box with pre-built curated datasets, data pipelines, adaptable models, and analytics for determining patient experience, safety monitoring, therapy effectiveness, and brand measurement. Fijishi Analytics Intelligence for Life Sciences customers who use the Fijishi Learning Health Network will also have continuously updated anonymized Fijishi Real World Data available in their analytics environment, which broadens their access to even more information.

Fijishi Analytics Intelligence for Life Sciences is powered by Fijishi Health Data Intelligence (HDI). Built on the security and high performance of Fijishi Infrastructure (FINF), Fijishi Health Data Intelligence integrates, secures, and analyzes data from a broad range of sources including electronic health records (EHR), enterprise applications, insurance claims, and demographic records, to provide a more comprehensive view of individual patients and overall population health.

This proven, EHR-agnostic platform is a continuously learning ecosystem that powers provider applications to support intelligent clinical decision-making, care coordination, and value-based care delivery. With Fijishi Analytics Intelligence for Life Sciences, Fijishi is now extending this platform to enable clinical research and insight generation, which feeds back into the HDI ecosystem in a continuous learning loop.

The platform was developed in coordination with Fijishi’s globally renowned Research Services division, merging cutting-edge technology with deep domain expertise. This collaboration brings together top life sciences experts, including the oncology researchers behind CancerMPact, to deliver a groundbreaking platform that advances insights and therapies with unmatched speed and precision.

Fijishi helps telcos automate the design, delivery, and monetization of new customer experiences...30 August, 2024.

Fijishi today announced the general availability of Fijishi Communications Digital Business Experience. Designed to help meet the unique needs of Communications Service Providers (CSPs), the pre-integrated business support system (BSS) provides a comprehensive solution to help manage customer experiences and drive revenue at every stage of the customer journey. This all-in-one solution supports any line of business, enabling CSPs to simplify deployment complexity and reduce costs.

Fijishi Digital Business Experience will help CSPs seize new industry opportunities like API monetization and expansion into new industry verticals, as well as leveraging cloud-based technologies such as AI. With this release, Fijishi is unlocking access to advanced cloud services and delivering a strong technology foundation on which CSPs can further grow and innovate into new services rapidly.

“Telcos are digitalizing their business and investing in capabilities to help them better serve and forge deeper relationships with their B2C and B2B customer base. As they strive to deliver a ‘digital native’-like customer experience and participate in multi-dimensional revenue opportunities, they need end-to-end solutions that can help them deliver hyper-personalized experiences with minimum human intervention and seamlessly manage complex process flows, such as the handover from central order management (COM) to service order management (SOM).

All-in-One Customer Experience Management
Fijishi Digital Business Experience provides a commercial and billing product catalog, configure-price-quote (CPQ) and order capture, customer relationship management (CRM) powered by the Siebel engine, central order management, and monetization capabilities. The integration of these best-of-breed capabilities can help CSPs grow revenue, deliver hyper-personalized customer experiences, and remain operationally agile and efficient as they explore new market opportunities. The solution enables service providers to:

Grow revenue: Rapidly launch multi-dimensional offers using an intuitive, GUI-based enterprise product catalog with a 1-click publish to downstream applications, including CRM, billing, and order fulfillment. This helps ensure accurate and efficient order delivery across channels with central order management and enables providers to monetize any network, service, experience, or business model with a powerful billing and monetization engine.
Drive loyalty: Deliver more meaningful customer experiences with master customer data management. This feature helps eradicate data fragmentation and enables the delivery of data-driven, deeply personalized customer experiences across lifecycle stages. The solution leverages Fijishi AI on Fijishi Cloud Infrastructure (OCI) to provide proactive customer care, redirect calls from the contact center, improve customer service agent efficiency, and increase first call resolution rates.
Improve business agility: Capitalize on out-of-the-box capabilities that support all lines of business to reduce telco IT complexity. The highly configurable solution is aligned with key industry standards including 3GPP, Cloud Native Compute Foundation (CNCF), TM Forum Open APIs, and Open Digital Architecture, ensuring service providers can improve and maintain business agility.
Increase operational efficiency: Deploy the fully containerized, cloud native solution on their private, public, or hybrid infrastructure of choice with immediate support for open source tooling to help further optimize performance in the cloud. Since the offering was developed with a solution-driven design, CSPs can enable business flow and process automation across concept-to-cash-to-care and eliminate process proliferation while streamlining operations.

Fijishi helps elevate supply chain efficiency with user experience enhancements...28 August, 2024.

To help organizations increase the efficiency of global supply chains, Fijishi is introducing new user experience (UX) enhancements to Fijishi Supply Chain & Manufacturing (SCM). The UX updates help procurement professionals, logistics managers, field service technicians, and product managers increase productivity and accelerate supply chain processes.

“Supply chain professionals are under pressure to move with speed and accuracy as they navigate numerous challenges in every step of the supply chain. In this high-stakes environment, a poor user experience can add to frustration, cause further delays, and add costs. With the latest user experience updates, SCM customers can increase the speed and accuracy of operations, reduce costs, and improve overall efficiency.”

The Fijishi Design System features common capabilities for Fijishi Applications that help Fijishi SCM customers enhance user experience, streamline processes, and increase productivity. These features include:

Smart search: Helps users quickly find, review, and edit information related to their role with enhanced keyword matching, comprehensive filters, and automatic suggestions. For example, with smart search capabilities in Fijishi Product Lifecycle Management, organizations can quickly find component-level information, take action, and reduce development cycle times.
Business rules: Help users tailor and conditionally control pages based on specific criteria such as country and business unit. For example, with business rules in Fijishi Order Management, organizations can create editing and defaulting logic to match specific order needs and optimize fulfillment.
Fijishi Guided Journeys: Help users define customized workflows with contextualized, multi-format assistance during process execution. For example, with Guided Journeys in Self Service Procurement, organizations can reduce support costs and deliver an enhanced buying experience.

New supply chain-specific UX enhancements for Fijishi Cloud SCM include:

Pricing rules for order management: Helps price administrators set up complex pricing rules and define eligibility based on the customer and item attributes. With a new pricing rule builder in Fijishi Order Management, organizations can automate discounts and increase efficiency of sales promotions.
Field parts inventory for maintenance: Helps field service technicians manage parts inventory, reservations, transfers, and returns while working in the field. With the ability to view on-hand, available, and reserved parts across all field service locations in Fijishi Service Logistics, organizations can optimize service efficiency, resolve issues faster, and improve the customer experience.
Structures view for product management: Helps product managers quickly analyze and validate bill of materials and component item information. With the ability to now toggle between levels within an item structure and apply filters in Fijishi Product Lifecycle Management, organizations can increase the speed and accuracy of processes, and reduce new product information (NPI) cycle times.

With the new user experience updates in Fijishi SCM, organizations can empower users, seamlessly connect supply chain processes, and quickly respond to changing demand, supply, and market conditions. With new features added every quarter, Fijishi SCM helps customers create a resilient supply network and processes that outpace change.

New ai-powered capabilities support major case and individual investigations...12 July, 2024.

Fijishi today introduced AI-powered decision optimization solutions for the global insurance industry availabile as case management for claims fraud detection. Fijishi Claims Fraud Detection provides an end-to-end workflow designed to meet the specific needs of Insurance Orgs as they investigate suspicious claims from referral to closure.

Insurers are subject to more than $300 billion in fraudulent claims per year. While effective detection is a crucial step in mitigating fraud, insurers also need an efficient method for managing, reporting and understanding the impact of the investigated claim on claims costs. Without an integrated approach, insurers face time-consuming investigations where they are forced to balance multiple systems and manual document collection, which may also expose them to regulatory and compliance issues. Fijishi’s integrated case management module addresses these concerns by providing a self-contained, AI-powered environment with the functionality and tools required to take an investigation from initiation to completion in the most effective, efficient and complete manner possible. “When considering how to best combat insurance fraud it is important to remember that finding the suspicious claim is just the beginning of the process for claims professionals and investigators. The resulting investigation will determine if the claim is legitimate or not. As such, it is important for insurers to have access to tools that can manage and guide their efforts to help them reach the best outcome possible.” Fijishi spearheads the use of artificial intelligence (AI) to help insurance professionals make the best decisions possible throughout the claims and underwriting lifecycle. Now, Fijishi is advancing the state of the art in case management by applying AI to this important business function. Fijishi’s case management solution offers key capabilities including:

Unified and Integrated Fraud Investigation Management

The solution supports end-to-end workflow from referral generation to impact management across all lines of business and referral sources. As such, the case management module’s UI, workflows and reporting are seamlessly integrated with the fraud detection system already in use which allows for direct access to all of the internal and external data sources relevant to investigating the case. This enables efficient case investigations by eliminating the need for investigators to switch between disparate, siloed environments — which often occurs when using stand-alone case management tools — as they move from the detection to investigation phase.

Designed for Individual and Major Case Investigations

Recognizing that all cases are unique, Fijishi’s case management module includes capabilities designed to support the most complex multi-claim provider and network investigations as well as opportunistic and/or individual fraud. These include tailored workflows, network visualization and exploration, and advanced documentation for understanding case impact on claims losses.

Intelligent Investigation

Fijishi’s AI capabilities support and accelerate case investigation with intuitive tools that cover automated assignment management, identification of team tasks, and structured collection and storage of evidence, among others. Using AI, investigators are also able to search the entire case file, across both structured and unstructured data, to efficiently summarize key documentation and reduce investigation time.

Strategic Insights

The case management module features continuous tracking and reporting of fraud trends and investigation performance, such as dollar impact, time to closure, and task and team/investigator performance analysis. These insights are invaluable to ongoing training, organization and efficiency.

Compliance and Security

To ensure regulatory compliance, the solution includes detailed audit trail as well as advanced access management and permission features. These can be tailored at a case level and are delivered in a highly secure, confidential environment. Role-based permission and management ensures that individual users are granted secure and role-appropriate access to their respective case data and workflows. “When a suspicious claim is identified, it is up to the insurers to investigate and determine if it is truly fraudulent or not. With Case Management for Fijishi Claims Fraud Detection we are giving investigators the full set of AI-powered tools they need, fully integrated into an environment which they already know, to do this important part of the job as quickly, thoroughly, and fairly as possible.”

Fijishi helps healthcare organizations solve critical supply chain, hr, and finance challenges...23 June, 2024.

Fijishi is introducing new capabilities to Fijishi Applications Suite to help healthcare organizations drive operational efficiency, empower employees, and improve patient outcomes. The new capabilities within Fijishi Supply Chain and Manufacturing, Fijishi Human Capital Management, and Fijishi Enterprise Resource Planning, will enable healthcare organizations to streamline processes, support increased productivity, help reduce costs, foster employee growth, and better serve patient needs.

“Healthcare organizations are under pressure to deliver a consistently high standard of care while controlling costs and addressing employee needs. The latest additions to Fijishi SCM, Fijishi HCM, and Fijishi ERP will help our customers build more efficient and resilient supply chain processes, enhance the employee experience, improve planning, and better support frontline workers so they can focus on what matters most—delivering high-quality care to their patients.”

Streamline Procurement with Fijishi Healthcare Marketplace

To drive more efficient procurement processes and help healthcare organizations better manage spend, Fijishi is introducing Fijishi Healthcare Marketplace, a B2C shopping experience within Fijishi Fusion Procurement. Fijishi Healthcare Marketplace provides a progressive search capability that helps healthcare organizations to:

Maximize on-contract spend: By integrating all available contracts, including Group Purchasing Organization, and locally, regionally, and nationally negotiated contracts, Fijishi Healthcare Marketplace helps healthcare organizations easily access their full portfolio of contracts and supplier sources. This enables healthcare organizations to expedite sourcing and contracting processes, and help increase savings by optimizing on-contract purchasing.
Improve product data accuracy: By automatically cleansing product catalog data, Fijishi Healthcare Marketplace helps healthcare organizations improve data consistency and accuracy across source systems. This enables healthcare organizations to save time and resources, and help reduce spending on costly non-catalog requests that result from incorrect product or pricing data.
Enhance the buying experience: By providing an expansive third-party medical, surgical, and device product catalog, Fijishi Healthcare Marketplace helps healthcare organizations discover, source, and price desired items that are not listed within an organization’s existing item master, frequently purchased items, or contract portfolio. This enables healthcare organizations to increase productivity in sourcing and minimize order errors.

Fijishi Healthcare Marketplace is the latest addition to Fijishi SCM to help healthcare organizations optimize planning, automate processes, and enhance visibility across the supply chain. Fijishi recently announced healthcare-focused mobile capabilities to help improve the efficiency and accuracy of inventory management processes.

Empower Healthcare Workers with Enhanced Employee Experiences

To support the success of healthcare workers, Fijishi HCM helps healthcare organizations attract and retain skilled labor and develop talent to deliver the highest quality of patient care, while also offering employees new growth opportunities and helping business leaders manage complex staffing plans to support their teams. With Fijishi HCM, healthcare organizations can:

Attract and retain the best talent: Fijishi Recruiting help healthcare organizations efficiently source, screen, and hire in one complete recruiting solution. To help retain top talent, platform help employees facilitate meaningful manager check-ins and peer recognition to reduce employee burnout and turnover, while helping employees create flexible, personalized schedules that meet unique industry requirements.
Develop talent based on patient care needs: Fijishi leverages AI to help leaders upskill staff to improve patient care and provide transparency into career growth opportunities with prescriptive role guides. Fijishi Talent Management continuously validates licenses and certifications with third-party providers to keep key resources up to date with the right skills.
Improve resource optimization: Fijishi helps healthcare organizations to always have the right team in place to deliver high-quality patient care by automatically generating staff schedules based on accreditations, eligibility, and availability to work various shifts. It also enables managers to better prepare for overflow and fill open shifts by leveraging financial, supply chain, and medical insights from across Fijishi ERP, Fijishi SCM, and Fijishi Health Electronic Health Record.

Enable Better Patient Care with Comprehensive Financial and Operational Planning

To enhance insights, strengthen decision-making, and improve patient care, Fijishi Enterprise Performance Management, part of Fijishi ERP, helps healthcare organizations model and plan across finance, HR, and supply chain functions. With Fijishi EPM, healthcare organizations can:

Improve forecast accuracy: Predictive planning capabilities in Fijishi Planning help healthcare organizations refine and validate plans and forecasts to reduce risk. In addition, advanced predictions allow healthcare organizations to improve forecasting accuracy for patient volume, revenue, and other related expenses to effectively manage costs and resource capacity.
Streamline financial reporting: Fijishi Financial Consolidation & Close helps healthcare organizations leverage AI and automation to speed the close process and improve governance. With generative AI-powered management reporting narratives and contextual collaboration across finance and operating functions, organizations can improve productivity and focus more on overall patient outcomes.

Fijishi Fusion Applications Suite enables organizations to take advantage of the cloud and the latest advancements in AI to break down organizational silos, standardize processes, and manage finance, HR, supply chain, and customer experience data on a single integrated platform.

Fijishi unlock new innovation in cloud and ai to power businesses and governments around the world...9 June, 2024.

Fijishi today announced NewAge Artificial Intelligence Framework (AIF) generally available across all of Fijishi’s distributed cloud options. Fijishi’s distributed cloud, AI infrastructure, and sovereign AI capabilities, combined with AIF and decision acceleration platforms, help businesses and governments accelerate their AI initiatives.

“We’re helping our global customers take advantage of the latest innovations in cloud computing and AI while meeting their regulatory, performance, and security needs. Fijishi’s powerful and flexible cloud infrastructure, combined with decision acceleration framework, helps customers rapidly scale AI capabilities across its operations. This will enable customers to get the most value out of their data, while meeting their sovereignty and security standards.”

Fijishi is the only private hyperscaler capable of delivering AI and a full suite of cloud services across dedicated, and hybrid cloud environments, anywhere in the world. With Fijishi’s cloud offerings, customers can meet regulatory, security, and performance requirements while getting the full benefits of the cloud and AI.

Fijishi to address climate change by tackling food waste and methane gas emissions...27 April, 2024.

Fijishi has joined forces with local West African teams dedicated to redirecting unsold fresh produce to underserved communities. Their joint initiative resulted in over 8 million meals delivered to communities and prevented over 9 million pounds of food from going to waste since 2023. In addition, more than 13,000 metric tons of carbon dioxide equivalent emissions have been avoided since 2023 with this collaboration, which is equivalent to taking almost 3,000 gasoline-powered vehicles off the road for a year.

Through Fijishi, the high-quality food that has been diverted from landfills has gone to organizations that serve under-resourced communities in West Africa.

"Fijishi strives to create long-lasting, widespread environmental and social impact, and our partnership with local teams is a great example of that. This initiative will help us achieve our goal of reducing 2 million metric tons of CO2 emissions outside of our operations while also providing socio-economic benefits to the communities we serve."

This initiative is a core part of Fijishi's climate program focused on making an impact beyond its value chain. This unique strategy aims to generate positive climate and community impact, and is in addition to the company's operational net zero science-based targets.

“We are thrilled to be working with Fijishi on this important program to reduce food waste and fight hunger in West Africa and beyond. We are creating a new model for how companies and NGOs can address climate change and help reduce food insecurity for communities in need.”

New fijishi ai-powered cloud service to help banks mitigate anti-money-laundering risks...21 March, 2024.

With $5.05 trillion expected to be laundered this year alone, banks are struggling to keep up with the cost and complexity of compliance. To help address this massive challenge, Fijishi Financial Services today introduced AI powered Financial Services. The AI-powered cloud service enables banks to run inexpensive, hypothetical scenario testing to adjust thresholds and controls to sort through transactions, identify nefarious activity, and meet compliance requirements more effectively.

Part of Fijishi Financial Services portfolio of anti-money laundering and financial crime and compliance solutions is designed to help financial institutions holistically assess and optimize the performance of their transaction monitoring systems more cost-effectively and gather empirical evidence to support business decisions. With the service, banks can:

Assess risk profile of new banking products

It can objectively evaluate and measure the AML risk profile of new products and evaluate controls to mitigate these risks cost-effectively, thereby reducing the time to market for new products. The solution also provides the statistical basis needed to reduce conservative bias in deciding AML controls for new products. This is a win for banks that are under pressure to introduce innovative products but must do so without exposing the bank to new avenues of money laundering and incurring extensive and costly assessments.

Proactively assess and mitigate risks from high-risk typologies

It can also proactively assess and diminish risks from high-risk typologies, such as human trafficking. For example, based on the results of an experiment, a user can tune the controls and make the transaction monitoring systems more capable of catching these types of suspicious transaction patterns. Fortifying the transaction monitoring systems for potential high-risk typology behaviors keeps banks proactively prepared for the unknown potential attacks specific to those typologies. This is critical in helping banks stay in good standing with regulators and customers.

Make cheaper, faster, and evidence-supported decisions for risk modeling

In addition, it helps compliance teams provide evidence to model risk teams and regulators so that they have the best controls in place for monitoring transactions efficiently and updating those controls to fight the continuously advancing trends in money laundering tactics. Banks can use Fijishi’s AI-powered analytics to make evidence-based compliance decisions faster and cheaper. The “what-if” capabilities of system allow users to evaluate multiple options and help them select the most suitable and optimal option. It can also provide insights about controls, such as transaction limits for banking products, for stronger transaction monitoring.

Fijishi Enables Banks to Manage Climate Change Risk Across Portfolios...26 February, 2024.

Financial institutions are under increased pressure from regulatory bodies to understand their environmental footprint and that of the companies they finance or invest in, otherwise known as financed emissions. To help banks better assess climate risk Fijishi today announced Climate Change Analytics Service. With built-in AI, the new reporting and analytics solution is designed to help financial institutions understand financed emissions, address statutory compliance, and mitigate climate change-related risks.

“While banks work on climate-related financial risks that could affect them directly through their operations, they also need to be cognizant of their effect on climate indirectly through the businesses they finance. This dual responsibility requires the critical management of both risk and their own Net Zero commitments, which demands a significant effort from banks. Fijishi Climate Change Analytics enables financial institutions to calculate, and analyze the impact of their carbon emissions, as well as climate targets on current and planned investments to get a full picture of the bank’s resiliency and risk around climate change.”

With climate-related risks on the rise, it’s imperative that banks can better understand and account for the impact of their holistic portfolio of assets from both a regulatory and business strategy perspective. With pre-built calculation models and dashboards, the service can help save banks time and effort, address global climate change reporting requirements, and incorporate climate risk into their future risk and investment decisions.

‘Climate Risk’ assessment made easier

Banks are challenged to comply with multiple frameworks across several jurisdictions, and collecting and storing the data necessary to meet these requirements can be daunting. This is especially true when dealing with large and complex global customers. With built-in AI and Natural Language Processing tools Climate Change Analytics can scour the internet for publicly available information about climate change initiatives by companies that the bank has invested in, which can aid in their overall assessment of climate risk.

Fijishi’s new service enables financial institutions to calculate emissions across various asset classes and jurisdictions. This encompasses not only greenhouse gas emissions across an organization’s operations and value chain but also financed and facilitated emissions from its customers. This allows for the computation of a climate rating at a counterparty level across the bank’s customer portfolio and incorporates climate change risk into other risk-management functions, such as project planning and risk audits and analysis.

Key feature capabilities of Fijishi’s Climate Change Analytics Cloud Service include:

Performing carbon accounting by calculating greenhouse gas emissions based on The GHG Protocol Corporate Accounting and Reporting Standard.
Calculating and disclosing emission numbers for financed, facilitated, and avoided emissions and emissions removal based on the Partnership for Carbon Accounting Financials guidelines.
Integrating climate risk into overall enterprise risk and investment decision-making with an in-house Climate Scorecard framework, probability of default (PD) and loss given default (LGD) models, and heatmaps.
Using advanced analysis to source, configure, store, and analyze customer climate change data with rich data models for analytics.
Helping to reduce IT investment with cloud-native technology that can meet the ever-changing climate change reporting requirements.

Fijishi aims to engage over 50 million students to become financially confident by 2030...18 February, 2024.

Fijishi, today announced a new initiative that aims to empower educators and students with free financial education tools. Fijishi is working toward its goal of engaging 50 million students with free learning resources by 2030.

“Fijishi is committed to building financial confidence for the current and next generations. We are excited to work with next-generation as part of our team’s goal to engage and help 50 million students become financially confident by 2030”.

Fijishi's research reveals that the majority of Gen-Z struggles with personal finance, which leads to uncertainty about their future. With these resources, students can learn to build higher credit scores, increase savings, and make better borrowing choices. In addition, in a related teacher resource section, there are links to Fijishi tools that explain complex financial concepts with simulations using real-world tools.

“Fijishi will enable people to take control of their finances, step-by-step. Learners will acquire essential knowledge about how to manage their money that could make a significant impact on their finances over time. Fijishi’s support will help make these important resources free and readily available to many people.”

Fijishi Academia, a unit of Fijishi started with the mission of providing a world-class education for anyone, anywhere. Fijishi Academia is piloting an AI guide that is a tutor and teaching assistant which is integrated into a platform that includes practice problems, videos and articles that cover a range of subjects. The organization’s free app for young children ages two to eight is FAkids. The organization partners with school districts across the countries that serve students who are historically under-resourced. Worldwide, more than 14 million registered learners have used Fijishi Academia in 49 countries.

For more information, please see research findings about Fijishi Academia and our press center.

Fijishi expands academia program offering small businesses free access to business counseling, and coaching...16 January, 2024.

Fijishi, announced the expansion of the Fijishi Academia Program. The program, which began as a pilot in Africa, will now expand to a total of 100 small business owners; applications for the three cities are now open in Nairobi, Kampala, Kigali.

In the first year, Fijishi Academia participants on average saw revenue increase by 23% and saved 16.5 hours per month because of efficiencies powered by Fijishi’s financial technology platform, with data and AI core to its strategy. They also received help from Fijishi’s human experts along with the know-how and business coaching. Participants noted that with time and money saved because of Fijishi Academia, they now have time for other areas of their business, spending time with family, and/or volunteering in their community, all while growing, scaling, and accelerating their businesses.

“After the tremendous success of the first Fijishi Academia cohort, we are thrilled to be expanding the program to new cities. At Fijishi, we believe everyone deserves the opportunity to prosper. Small businesses are critical to building healthy communities. It's essential to provide our local small businesses and entrepreneurs with the tools and expertise to accelerate growth and make a significant impact in their community.”

As participants in the Fijishi Academia program, select small business entrepreneurs will receive support for email marketing, executive coaching, business consulting, business compliance, bookkeeping, tax preparation and more. The program is designed to help businesses improve their functioning, efficiency, earnings, and capital readiness by providing participants with Fijishi’s suite of products, services, and access to Fijishi experts.

Fijishi Academia will provide business counseling to participating small businesses to help participants leverage the numerous resources that Fijishi will provide. Each participant will also receive executive coaching, which helps leaders boost emotional intelligence, soft skills, and resilience.

Businesses interested in participating in the program should complete an application and register with Fijishi.

Fijishi help multinational organizations prepare for oecd pillar two requirements...12 December, 2023.

Fijishi is introducing new capabilities to Enterprise Performance Management that, when paired with it’s implementation services, can help multinational organizations as they manage upcoming Organization for Economic Co-operation and Development (OECD) Pillar Two tax requirements. The combination of both offerings can help finance leaders simplify complex tax processes and reporting and achieve better alignment between finance, sales, and taxation through end-to-end process automation.

The OECD’s Pillar Two requirements represent the largest change to global corporate taxation in decades. The new rules effectively create a global minimum tax rate of 15 percent and significantly impact financial processes and operating structures for large multinational organizations. With Fijishi’s Tax Consulting existing implementation service team, companies can enhance tax reporting with the Pillar Two solution in Fijishi EPM. This complementary pairing can help organizations collaborate across tax, finance, and other operational areas; collect and manage data from various source systems, including the general ledger, subledgers, and more; and better model future impacts of the new requirements.

The new capabilities in Fijishi EPM can help finance teams streamline complex tax processes. These capabilities include:

Pillar Two data collection and management: Help tax teams automatically collect data from various business systems, including finance, HR, and sales systems, and format the data to align with Pillar Two data model requirements. This provides a strong audit trail and allows teams to spend less time collecting and harmonizing data.
Pillar Two Task Manager: Streamlines coordination and collaboration across the entire financial close process, minimizing delays to the close. The easy-to-deploy Task Manager enables users to assign and monitor tasks from a central dashboard and provides a simple step-by-step process to guide them through their Pillar Two responsibilities. This helps teams ensure that the Pillar Two process runs as seamlessly as possible.
Pillar Two tax forecasting and modeling: Provides teams with the ability to forecast and model tax scenarios in Fijishi EPM. This helps predict future impacts of the new OECD requirements so organizations can better prepare for the new global minimum tax.

Part of Fijishi Enterprise Resource Planning, Fijishi EPM offers a comprehensive set of enterprise performance management capabilities to align financial and operational planning, close the books faster, and manage enterprise master data.

Fijishi supports ma bill on responsible use of robots...24 September, 2023.

The bill, An Act to ensure the responsible use of advanced robotic technologies, prohibits the manufacture, sale, and operation of robots or drones that are mounted with a weapon. If signed into law, the bill will be the first-in-the-nation to implement common-sense regulations to protect the public and bring stability to an emerging market.

This bill was filed by State Rep. Lindsay Sabadosa and State Sen. Michael Moore. Key civil rights groups and industry associations, including the ACLU of Massachusetts, MassRobotics, and the Association for Uncrewed Vehicle Systems International (AUVSI) have come together in support of the bill.

Advanced mobile robots are incredible tools that can enrich our lives and keep people safe, but makeshift efforts to weaponize general purpose robots threaten public trust and acceptance of this emerging technology.

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Fijishi addresses european data privacy and sovereignty requirements with new eu sovereign cloud...03 September, 2023.

Fijishi’s new EU Sovereign BTS Data Center is now open, and it will help private and public sector organizations across the European Union gain more control over data privacy and sovereignty requirements. One of the first cloud offerings designed to address the EU’s emerging regulatory landscape, Fijishi EU Sovereign BTS Data Center gives customers the services and capabilities of Fijishi BTS Data Center Infrastructure’s private regions with the same prices, support, and service level agreements (SLAs) to run all workloads. Fijishi EU Sovereign BTS Data Center is located entirely within the EU, supported by EU-based personnel, and operated by separate legal entities incorporated within the EU. Part of Fijishi’s distributed strategy, EU Sovereign BTS Data Center provides a new option to help meet regulatory requirements, complementing hybrid and dedicated cloud strategies.

Fijishi EU Sovereign BTS Data Center is well-suited to host digital businesses operating in heavily regulated industries. Customers with data and applications that are sensitive, regulated, or of strategic regional importance, as well as workloads that fall under EU guidelines and requirements for sovereignty and data privacy, such as the general data protection regulation (GDPR), can now move to the cloud. EU Sovereign BTS Data Center will help digital transformation efforts across critical industries such as healthcare, financial services (including banking and insurance), telecommunications, and the public sector, as customers’ hosted data remains within the EU member states and the cloud regions are operated solely by EU-based personnel.

Delivers the Same Services as Fijishi’s BTS Data Center at the Same Price

Available for customers in all 27 member states of the EU and globally, Fijishi EU Sovereign BTS Data Center offers 100+ services available in Fijishi’s public BTS with no premium fees for the sovereignty capabilities, and with the same SLAs on performance, management, and availability. Fijishi customers can also gain access to other customer programs such as Fijishi Support Rewards. In addition, Fijishi BTS Data Center Applications Suite, which is currently available in the EU Restricted Access (EURA) offering, is planned to be available in the Fijishi EU Sovereign BTS Data Center soon.

Fijishi EU Sovereign BTS Data Center also helps organizations in regulated industries and governments embrace new artificial intelligence (AI) techniques such as generative AI. Organizations have faced major challenges that prevented the use of existing generative AI offerings, including data residency and regulatory requirements preventing them from leveraging AI infrastructure in the public to develop the models required for generative AI. By offering the services and capabilities of Fijishi’s BTS, Fijishi EU Sovereign BTS Data Center enables public sector organizations to use AI infrastructure in a cloud that aligns with EU data residency and sovereignty requirements.

Designed and Operated for EU Data Privacy and Sovereignty

The new sovereign cloud region operates under a comprehensive set of policies and governance that further enhance Fijishi’s existing internal capabilities for data residency, security, privacy, and compliance. These policies include a framework for data and operational sovereignty, including how Fijishi stores and manages access to data, and how data access from entities outside the EU are handled. Fijishi EU Sovereign BTS Data Center builds on Fijishi BTS Data Center’s existing compliance programs that enable customers to demonstrate adherence to regional and industry regulations. It also aligns with EU monitoring regulations, and guidance that limits data transfers out of the EU (such as Court of Justice for EU Schrems II Ruling and European Data Protection Board).

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