Monday, September 27, 2021

Tools & Tech


In Brief
May 2021 650

Cedar Rose unveils KYB solution

CEDAR Rose has announced the launch of its automated Know Your Business (KYB) solution that is designed to digitize the onboarding process for companies while reducing non-compliance risks. Regardless of the industry, it will allow businesses to leverage on Cedar Rose’s powerful Application Programming Interface (API) to onboard new customers and third parties without friction and improve the customer journey at reduced costs.

Antoun Massaad, the Co-Founder and CEO of Cedar Rose, stated, “In today's fast-paced world of digitization and automation, businesses can seldom afford the time required to manually conduct detailed verification of potential business partners. However, to meet compliance requirements, these procedures are necessary and must be implemented to the highest degree. Our automated KYB solution utilises ground-breaking new technologies such as AI and machine learning to rapidly parse massive amounts of data. It allows companies to search and verify the authenticity of legal entities against trusted global data and drastically reduces the time needed to conduct business verification.”

 

Sonder offers tech-enabled stay

SONDER, a leading next-generation hospitality company that is redefining the guest experience, with more than 160 spaces in Dubai, has seen strong demand for its tech-enabled offering both in the UAE and across the globe during the pandemic with an average occupancy rate of 70 percent.

Sonder’s units at JBR are owned by Al Fattan Properties LLC, a leading UAE organisation that has created spectacular landmark projects over the last 40 years. Commenting on the partnership with Sonder, Soby Joseph, Executive Director of Al Fattan, said: “We are proud to partner with Sonder and offer a truly unique, technologically-savvy accommodation option in Dubai. Perfectly located in the heart of Jumeirah Beach Residence, JBR Suites offers guests the ideal mix of modern living with state-of-the-art facilities and amenities, all powered and operated by Sonder. We believe a business model like Sonder’s is the way forward for the hospitality industry and will change the way people travel in the future.”

 

SITA marks 25 years in border management

SITA celebrates the 25th anniversary of its border management business, a journey that started in 1996 in readiness for the 2000 Olympics Games in Sydney. A quarter of a century on, SITA’s border solutions are used by over 60 governments to seamlessly process 2-billion border crossings every year.

SITA’s extensive knowledge and experience in serving the air transport industry includes delivering solutions and services for airlines, airports and on the aircraft. This has enabled the organization to diversify its portfolio over the last few decades into border management and security for governments worldwide with significant success.

SITA AT BORDERS, VP, Jeremy Springall said: "We’re immensely proud to celebrate this 25-year milestone for our borders business. We started our journey in 1996 in Australia and since then our border solutions have processed over 7 billion transactions. Our business is focused on the safe movement of people….”

 

Wyndham implements Oracle’s Opera Cloud

Wyndham Hotels & Resorts, the world’s largest hotel franchising company with over 8,900 hotels across nearly 95 countries, announced the roll out of the next-gen Oracle Hospitality OPERA Cloud Property Management (PMS) to its full-service hotels, making it the first major hotel company to adopt the system globally. The decision comes following successful pilots at nearly 50 Wyndham hotels over the last nine months.

Full-service hotels coming into the Wyndham portfolio, which includes brands like Wyndham Grand, Ramada by Wyndham, and Dolce by Wyndham, will be placed on the new PMS while existing owners have the option of upgrading now or waiting until their existing PMS agreements expire. The Company anticipates approximately 20 percent of its full-service portfolio will adopt the new PMS in the next 12 months with the majority migrating to the system over the next several years. Wyndham’s selection of OPERA Cloud for its full-service hotels represents the latest in a growing list of newly launched technology initiatives by the Company.




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