InfiniteGraph 3.0 Brings Unrivaled Performance and Scalability to the Only Distributed Graph Database(TM) for Big Data Analytics

New Features Deliver a Ten-Fold Increase in Querying Performance in Distributed Environments

 

SUNNYVALE, CA--(Marketwire - October 1, 2012) - Objectivity, Inc., the Big Data Connection Platform, announced today the release of InfiniteGraph 3.0. InfiniteGraph 3.0 raises the bar for the graph database market by bringing unrivaled performance and scalability to distributed environments with a completely new approach to querying and data navigation. InfiniteGraph 3.0 delivers a ten-fold increase in performance over previous versions enabling just-in-time Big Data analytics for some of the world's largest companies and organizations as they gather, analyze, and visualize the connections between complex data in order to make critical business decisions.

 

"We are seeing increased interest in the potential for analytic applications designed to exploit the richness of the graph model to analyze relationships between stored entities," said Matt Aslett, research manager, data management and analytics, 451 Research. "Given its mature technology and existing customer relationships Objectivity is well-placed to take advantage of this interest with its InfiniteGraph distributed graph database."

 

Companies leveraging Big Data need to focus the right tools for the right job. As the only NoSQL distributed graph database, InfiniteGraph is a complementary technology to any polyglot Big Data strategy. The power of InfiniteGraph 3.0 is its performance and scalability within distributed environments. In recent testing InfiniteGraph 3.0 scaled to more than a billion nodes and edges in less than 30 minutes. Companies including, Deloitte, US Government, the world's largest telecom carrier, Osaka Gas Information Systems (OGIS), Nippon Systemware Co. LTD (NSW), and Software Research Associates (SRA) are leveraging InfiniteGraph for real-time analysis in multiple industries including HealthCare, network security, and homeland defense. InfiniteGraph 3.0 performance enhancements include:

 

Enhanced Placement Manager - faster querying through flexible placement algorithms - "Local Graphs" can be physically co-located to dramatically improve traversal speeds. Index performance also increases significantly.

 

Distributed Parallel Navigation - IG is the fastest, infinitely scalable, RAM and disk-based graph database on the market. High performance query servers with advanced caching distribute navigation workload automatically.

 

Graph View - A flexible filtering mechanism allowing for even faster search results. Queries are able to "infer" a path will be unsuccessful by referring to a pre-compiled view of only the data that is relevant to the navigation.

 

Navigation Policies - Predefined policies for controlling behavioral aspects of a navigation.

 

Pricing Model Change - Experience the performance power of InfiniteGraph 3.0 with unlimited nodes and edges free for 60 days.

 

"The Big Data market today requires technologies that can handle the realities of a distributed environment and the need for real-time, deep analysis of the data streaming through businesses," said Jay Jarrell, President and CEO of Objectivity. "InfiniteGraph 3.0 is the only proven distributed graph database to scale to petabytes of data and discover new opportunity's within the connections between data, all in real-time. We are excited to see a new group of Global 500 companies turn to InfiniteGraph to meet Big Data and distributed data management challenges in multiple industries.

 

About Objectivity, Inc.

Since 1988 Objectivity, Inc. has been the Enterprise NoSQL leader, helping customers harness the power of Big Data. Our leading edge technologies: InfiniteGraph, The Distributed Graph Database(tm) and Objectivity/DB, a distributed and scalable object management database, enable organizations to discover hidden relationships for improved Big Data analytics and develop applications with significant time-to-market advantages and technical cost savings, achieving greater return on data related investments.

 

Objectivity, Inc. is committed to our customers' success, with representatives worldwide. Our clients include: AWD Financial, CUNA Mutual, Draeger Medical, Ericsson, McKesson, IPL, Siemens and the US Department of Defense. Visit http://www.objectivity.com.

 

Contact Information

 

Media
Kristi Kilpatrick
StrategicLee, Inc.
650-302-6404
Kristi@strategiclee.com

 

© 2012 Marketwire, Incorporated. All rights reserved.

New Holland Fiat India Receives 2012 Agriculture LeadershipAward

NEW DEHLI, INDIA--(Marketwire - October 1, 2012) - New Holland Fiat India Pvt Ltd, a subsidiary of CNH Global and part of Fiat Industrial, has recently been recognized with the 2012 Agriculture Leadership Award during the 5th Agriculture Leadership Summit on the Environment and Agriculture in India.

The awards are given annually in different categories to individuals and organizations who have made outstanding contributions in their respective fields. The selection and organizing Committee of Agriculture Leadership Awards was chaired by Professor M.S. Swaminathan, Pioneer of India's green revolution, with fifteen experts of National and International eminence as its members.

The award was presented to New Holland with the citation: "New Holland Fiat India has defined a new framework for a sustainable approach to agriculture through the mechanization of sugarcane harvesting and biomass collection."

New Holland has shown through its Clean Energy Leader strategy how it is able to support an easy transition to sustainable mechanized farming, integrating innovations and practices that deliver performance while keeping costs down and cutting fuel consumption and emissions.

A pillar of New Holland's strength in supporting agricultural mechanization is the manufacturing of world class tractors in India. Tractors built by New Holland in its state-of-the-art plant at Greater Noida are exported to over 50 countries in Asia, Africa and the Middle East -- a true testimony of New Holland Fiat India's production quality.

New Holland is able to meet the needs of farms of all sizes to grow, harvest, collect and process crops for food production or biomass with its technologically superior range of tractors and the widest agricultural equipment range in the industry. In addition, New Holland Fiat India is able to offer its customers access to the renowned sugarcane harvesters of sister company Case IH.

Biomass can be used in power plants, generating earnings for the farmer and providing an additional fossil-free source of electricity. In addition, the trash is excellent for mulching and a source of organic matter that improves soil productivity and water retention, optimizing the use of precious resources.

New Holland has developed extensive experience in this industry and collaborated with major biomass based energy firms in India, Brazil and Europe on sustainable and economical power generation from crop residue biomass.

Thus, the company is empowering farms and farmers through technology, mechanization and sustainable agriculture programs that include complete after-sales support, technical training and advisory programs to farming practices. In fact, New Holland has recently opened its first Crop Solution Dealership in Gujarat to provide dedicated support to farmers, further strengthening its position as a full farm mechanization solution service provider in the country.

Honored for New Holland's Sustainable Mechanization Contributions at the Award Ceremony

The Committee of Agriculture Leadership Awards honored Mr. RakeshMalhotra, Managing Director of New Holland Fiat India, at the Agriculture Leadership Award 2012 ceremony -- which was held on September 19, 2012 at Taj Palace Hotel in New Delhi -- for the company's outstanding contributions in introducing sustainable sugar cane harvesting and biomass collection solutions.

Sh. Harish Rawat, Minister of State in the Union Cabinet in the Ministry of Agriculture, presented the award to Mr. RakeshMalhotra, in recognition of such initiatives that benefit Country's agribusiness sector.

On this occasion Mr. RakeshMalhotra said: "I am overwhelmed to receive the Agriculture Leadership Award 2012. I believe in hard work and it feels great to be a cog in the wheel towards our country's development. As New Holland and CNH Group we will continue our quest for innovations which not only will have satisfied the Indian customers, but also bring a new dawn for the Indian agriculture industry."

He concluded: "The CNH Group is well known for its quality and technology across the globe, and the dedicated team of New Holland has been the force behind this and many more successes to come."

New Holland Agriculture - New Holland Agriculture is a global manufacturer and seller of agricultural equipment. Its reputation is built on the success of its customers, cash crop producers, livestock farmers, contractors, vineyards, or groundscare professionals, who can count on the widest offering of innovative products and services: a full line of equipment, from tractors to harvesting, material handling equipment, complemented by tailored financial services from a specialist in agriculture.

A highly professional global dealer network and New Holland's commitment to excellence guarantee the ultimate customer experience for every customer. More information can be found online at www.newholland.com. New Holland is a division of CNH Global N.V. (NYSE: CNH), a majority-owned subsidiary of Fiat Industrial S.p.A (FI.MI).

For further information, please contact:
Seema Singh
Corporate Communication
New Holland Fiat India Pvt. Ltd.
Phone: +91 8860013010
Email: seema.singh@cnh.com
Website: www.newhollandindia.co.in

© 2012 Marketwire, Incorporated. All rights reserved.

TranSwitch Announces Production Shipment of HDplay Transceivers for Top-Tier Asian Manufacturer

Production Shipment for Leading Manufacturer Marks Key Milestone in the Ramp of TranSwitch's New High Speed Video Connectivity Product Line

SHELTON, CT--(Marketwire - October 1, 2012) - TranSwitch Corporation (NASDAQ: TXCC), a leading provider of semiconductor solutions in the rapidly growing consumer electronics and telecommunications markets, today announced that the Company has begun shipping production volumes of its HDplay(tm) transceiver for a new High Definition (HD) projector developed by a top tier manufacturer in Asia. HDplay solutions have also been selected by this customer for additional projector models which are expected to begin production over the next two quarters.

The overall projector market continues to expand, driven by advancements in performance such as high definition video and by new applications such as pico-projectors which are expected to find continued adoption in devices such as smartphones and tablets over the next few years. Annual global shipments of projectors are expected to reach 39 million units in 2015, representing an estimated compounded annual growth rate of 35% over a five-year period according to a report by Pacific Media Associates.

"The production shipment of HDplay products for this leading customer represents a key milestone in the ramp of our new video connectivity business," said Dr. Ali Khatibzadeh, president and CEO of TranSwitch. "We are engaged in design activities with many customers across a range of consumer end products and our opportunity funnel continues to grow. As a result, we anticipate increasing traction for HDplay products leading to additional design wins in the fourth quarter and setting the stage for continued growth in 2013."

TranSwitch's HDplay transceivers are the industry's only solutions that combine both HDMI® and DisplayPort(tm) on a single integrated circuit enabling manufacturers to reduce design cost and complexity, while speeding time-to-market. HDplay transceivers also incorporate TranSwitch's patented AnyCable(tm) technology, which enables the use of long HDMI cables with less shielding. This level of integration and performance provides the end-user with support for high performance HD standards, as well as greater flexibility when selecting multimedia devices, peripherals, and cables.

TranSwitch's HDplay Transceiver IC Key Features:

·         Industry-leading integration to reduce space and simplify designs

·         Four HDP(tm) v1.4a Rx ports, supporting HDMI & DisplayPort Dual Mode

·         One HDMI v1.4a Tx port

·         Full Ethernet Audio Return Channel (HEAC)

·         Embedded EDID RAM

·         Programmable RJ-45 10/100 Ethernet port

·         SmartCEC(tm) using specialized MCU

·         Outstanding performance to provide crystal clear video and audio

·         HDMI v1.4a Rx with link speed up to 3.0 Gbps

·         Full 3D video 60Hz and 4Kx2K resolutions

·         Phaswitch(tm) to provide fast port switching

·         AnyCable(tm) to support long and less expensive cables

·         Eight channel I2S & SPDIF audio support

 

About TranSwitch Corporation 
TranSwitch Corporation (NASDAQ: TXCC) designs, develops and supplies innovative integrated circuit (IC) and intellectual property (IP) solutions that provide core functionality for voice, data and video communications equipment for network, enterprise and customer premises applications. We provide integrated multi-core network processor System-on-a-Chip (SoC) solutions and software solutions for Fixed, 3G and 4G Mobile, VoIP and Multimedia Infrastructures. For the customer-premises market, we offer interoperable connectivity solutions that provide a bridge between HDMI and DisplayPort and enable the distribution and presentation of high-definition (HD) content for consumer electronic and personal computer markets and also provide a family of communications processors that provide best-in-class performance for a range of applications. Overall, we have over 100 active customers, including the leading global telecom equipment providers, semiconductor and consumer product companies. For more information, please visitwww.transwitch.com or follow us at Facebook or Twitter.

Safe Harbor Statement
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to certain risks, uncertainties and assumptions. These risks and uncertainties, which are more fully described in TranSwitch's Annual and Quarterly Reports filed with the Securities and Exchange Commission, include changes in market conditions in the industries in which the Company operate and risks in product development and market acceptance of and demand for TranSwitch's products and products developed by TranSwitch's customers. Should one or more of these risks or uncertainties materialize, or should the assumption prove incorrect, actual results may vary in material aspects from those currently anticipated.

 

Media Relations      
Brian Ribeiro 
Mspire Group
Tel: +1 908.369.9300 X100
bribeiro@mspiregroup.com 

Investor Relations
Mary Lombardo
TranSwitch Corp.
Tel: +1 203.929.8810 X2254
mary.lombardo@transwitch.com

© 2012 Marketwire, Incorporated. All rights reserved.

Electrifying Finale for Tiger Street Football 2012

 

Dubbed "One of Asia's Most Exciting Street Football Events" by Edgar Davids

HO CHI MINH CITY, VIETNAM--(Marketwire - September 30, 2012) - Tiger Street Football 2012 reached its electrifying climax today with Floripa Street Football from Brazil emerging as 'Tiger's Kings of the Streets' after a fierce fight between 10 of the finest converging in Ho Chi Minh City, Vietnam, in the presence of one of FIFA's 100 greatest living footballers, Edgar Davids, this year's Tiger Street Football Ambassador.

Organised in partnership with ESPN STAR Sports, this year's tournament saw five of the best street football teams from Holland, France, Spain, Argentina and Brazil, as well as, an estimated 1,500 teams participating in host cities across Asia -- Thailand, Singapore, China, Malaysia and Vietnam this year, up over 50% from 990 teams last year.

The Grand Finals of Tiger Street Football saw players putting on their best cleats and showing off their finesse and skills in rounds of fast-speed battles. This high octane five-a-side game provides quick bursts of heart-pumping, non-stop action played in two exhilarating 6-minute halves and a 2-minute half-time to keep viewers on the edge of their seats. With a refreshing format consisting of a unique oval, caged pitch and no side-lines, Tiger Street Football is an electrifying, high-speed platform for players to showcase their distinctive style and talent while providing power-packed on and off pitch entertainment for spectators.

Inspired by the action and passion found in fans in the game of street football, Tiger Beer wanted to create a football experience that is unique and memorable for the public and football fans alike. Besides the exciting football action, the Grand Finals also featured a fun-filled entertainment line-up, which included freestyle football displays by one of the world's greatest football freestylers, 'Nam the Man', performances by popular Vietnamese local singer, Như Ý, high energy dance and cheerleading segments, and appearances by the beautiful Tiger Cage Girls. The carnival atmosphere inherent in the Tiger Street Football events featuring various street style performers and Tiger Cage girls allows the public and football fans to enjoy not just the non-stop adrenaline-fueled action on field but also a football festival centered on football, fun, friends and beer.

"Off the back of the successful inaugural Tiger Street Football tournament in 2011, we are very pleased to see the passion for street football being ignited amongst fans in Asia. With the thrilling carnival atmosphere and festivities on top of the adrenaline-pumping football action, we strive to provide fans with a world-class brew and the best immersive football experience; Tiger Beer will bring even more exciting street football action to come in 2013. We are upping the ante with more international teams to challenge our local talent and to keep the standard of play exceptional.

2013 will see Australia, Cambodia and Mongolia being added to our extensive list of host cities, so be prepared as the competition heats up next year and the excitement gets even more intense!" said Mr Edmond Neo, Director, Group Commercial, Asia Pacific Breweries Ltd.

The thrills and adrenaline-charged action of this year's Tiger Street Football competitions was a memorable experience for spectators and players alike, as they got to catch the legendary Edgar Davids in the flesh at various meet and greet sessions regionally.

Edgar Davids, who has 74 international caps to his name and has played for renowned teams including AFC Ajax, AC Milan, Juventus, FC Barcelona, Inter Milan and Tottenham Hotspur, said, "The last four months have been an exceptional experience as I have seen first-hand some of the most exciting 'live' street football action at Tiger Street Football competitions and interacted with so many talented players. With its innovative format and participation of world renowned street football teams, Tiger Street Football is a demanding, high speed game that tests the level of skill and precision of players and the standard of play has been impressive. I am very proud to be a part of Tiger Street Football, to bring football to the streets and cultivate a lively street football culture in Asia."

Photos

Tiger Street Football 2012 Champion - Floripa Street Football (Brazil)

http://release.media-outreach.com/i/Download/630

Semi Finals - Equal FC (Malaysia) versus Dat Vinh Tien (Vietnam)

http://release.media-outreach.com/i/Download/629

Edgar Davids entertaining crowds at Tiger Street Football

http://release.media-outreach.com/i/Download/628

Logo

http://release.media-outreach.com/i/Download/627

Grand Final Game Highlights - Day One

Yesterday saw Vietnamese fans alternating between watching on the edge of their seats and jumping passionately to their feet, as 32 local street football teams battled it out to become one of the four semi-finalist teams who would emerge victorious and go on to the Grand Finals the next day. The tournament was an example of street football at its best, with high-velocity play and aggressive face-offs. Tran Hoang Cuong, Café Pho An Giang, Huy Hoang and Dat Vinh Tien emerged victorious as finalists to represent Vietnam in the Grand Finals, and the chance to go head-to-head with street footballers from all over the world.

Grand Final Game Highlights - Day Two

On Day 2 of the competition, avid fans gathered to watch internationally-renowned street footballers and winning teams from the national tournaments battle it out for the prestigious title of 'Tiger's Kings of the Streets'. The round-robin tournament featured Equal FC (Malaysia), Big One Sport (Thailand), Touch N Go (Singapore) and Yi Cui Shi Wei Xian A (China), as well as the four winning Vietnamese teams from Day One, Tran Hoang Cuong, Café Pho An Giang, Huy Hoang and Dat Vinh Tien, and Floripa Street Football and Futsar Argentina from Brazil and Argentina respectively.

Floripa Street Football and Equal FC were quick to climb up the scoreboard, eliminating other teams along the way, taking the spectators in a whirlwind series of matches culminating to the electrifying face-off. At the exciting finals, defending champion Floripa Street Football dazzled with their signature tricks and moves that street football is infamous for, alongside an impenetrable defense, to emerge victorious with an impressive scoreline of 7-2 as the grand champions, bagging the glorious title 'Tiger's Kings of the Streets' and the top prize money of USD$30,000. Doing Asia proud is Equal FC from Malaysia, which came in second and earned themselves USD$10,000 with Captain Jamaludin Alias earning the prestigious title of top scorer of the Grand Finals, whilst Futsar Argentina took the third place after a head-to-head battle, with USD$5,000 cash prize. Spurred on by the rapturous home ground cheers, the Vietnamese team, Dat Vinh Tien, made it to the fourth spot.

Davis Da Silva Cabral, Team captain of Floripa Street Football said: "I'm so overwhelmed right now -- we are the Kings of the Streets! Tiger Street Football is unlike any other football tournaments we have participated in; it is challenging, yet refreshing and dynamic. This is a truly unforgettable experience for us to be two times champion of this exciting tournament. We met our hero, our inspiration Edgar Davids -- the man that made street football into what it is today, as well as had a chance to play with and learn from some the best players from all over the world. Incredible. Truly incredible."

Contact Information

Contact:

Ogilvy Public Relations, Singapore

Emily Poon

Emily.poon@ogilvy.com

+65 6213 7875

 

Samantha Kudus

Samantha.kudus@ogilvy.com

+65 6213 9963

 

 

© 2012 Marketwire, Incorporated. All rights reserved.

EasyMed Services Update to Shareholders

Executives comment on Electronic Trading Application of the Company in the United States and include comments from major shareholder and Swiss Executive Director Mr. George Koukis.

GENEVA, SWITZERLAND--(Marketwire - September 28, 2012) - EasyMed Services Inc. (CNSX: EZM)(OTCBB: EMYSF)(MUN: EY6) ("EasyMed" or the "Company") reports the following update to shareholders on material events that impact the trading of EasyMed in the United States public markets.

The Company has commenced an application with the United States Depository Trust & Clearing Corporation ("DTCC") for book-entry-only ("BEO"), or "electronic", trading of the Company's Over the Counter (OTC) securities. The Company's shares in the United States presently trade under the stock symbol "EMYSF" on the OTC Markets. Management anticipates that BEO treatment of the Company's shares in the United States will have a beneficial effect on trading and liquidity for the Company's shareholders.

Until now, the Company's trading in the United States has primarily been done through market makers who then settle stock trades through Canadian brokerage houses. By filing with the DTCC for electronic trading, the Company hopes to provide online stock-buying and selling services which are easier and quicker for investors to use.

"In recent weeks we have heard from a number of investors and traders in the United States who expressed concern about the inability to buy or sell EasyMed's stock in the US Over the Counter (OTC) retail market. We immediately engaged with our securities attorneys in the United States to work with the DTCC, the clearing houses, and market makers to support and assist us so that we can make trading of our stock far more efficient in America," stated Mr. Jared Scharf, CFO of EasyMed. "As we take the appropriate steps to address these issues, we want to assure our valued shareholders that we will update them on this matter in a timely manner and on a frequent basis. Further, we wish to let shareholders know that we are currently working to engage new market makers in the United States which we believe will create a far more fluid market that is able to accommodate a higher trading profile. We invite any current shareholders, or new investors alike, to contact us should they have any additional questions or concerns."

The Company would also would like to afford a platform to major EasyMed shareholder and Executive Director of EasyMed Swiss subsidiary, international entrepreneur and billionaire Mr. George Koukis (founder of Temenos, a premier international banking software), to offer his comments on recent events and his continued involvement with the Company. "The market has seen an increasing number of applications in the Health Sector. Understandably so, since personal health is more important than wealth. The driver for growth in this sector is the advance of technology. Since leaving Temenos I invested in this sector and one of the best applications in telemedicine today is that of EasyMed. EasyMed has developed cutting-edge health technology products that use mobile phones and applications to streamline the health delivery process. The International Medical Passport provides a digital health record on a user's mobile phone along with features essential for travelers, and the patient management tool for hospitals is extremely unique. We plan to launch EasyMed in the Middle East and Asia, in countries with high growth potential."

"We are of the opinion that these matters are current and timely, and are of material importance to our shareholders," explains Mr. Tejinder Sahota, CEO of EasyMed. "The possibility that the DTCC will allow our stock to trade electronically is very important to our company as we begin to expand into the American markets. We have had a great deal of interest and many queries from the US investment community, and being able to provide a vibrant market for them in their country and also globally can only serve all of our shareholders. Further, Mr. Koukis has been an invaluable partner to the Company from his initial investment a few years ago and I can only reiterate how instrumental he was in helping the Company set up our development center in Chennai. He has now taken an Executive position in our Swiss organization and he has firmly committed himself and his network to accelerating the commercialization of our Company globally. He has had an unparalleled track record in his career having founded Temenos and built it over the years into the billion-dollar conglomerate that it is today."

About EasyMed Services Inc.

EasyMed Services Inc. (CNSX: EZM)(OTCBB: EMYSF)(MUN: EY6) is a global medical information technology company delivering an end-to-end patient care solution through mobile phone, PDA and smartphone technologies. To learn more, please visit www.EasyMedMobile.com.

Safe Harbour

This news release may contain forward-looking statements, which relate to future events or future performance, such as the continuing roll-out of the Company's primary product and the benefits of such products that may be realized by the Company's targeted customers, and reflect management's current expectations and assumptions about such future events or future performance. Forward-looking statements may also include, without limitation, any statement relating to future conditions or circumstances. These forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company and its management. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances or to reflect changes in the beliefs or opinions of the Company's management. The CNSX has not reviewed this release and therefore does not accept responsibility for the adequacy or accuracy of this release.

Contacts:
EasyMed Services Inc.
Jared W. Scharf
CFO & Director
(416) 662-3971
www.EasyMedMobile.com

 

© 2012 Marketwire, Incorporated. All rights reserved.

2012 AFI Global Policy Forum Highlights Global Impact of Financial Inclusion, Sees New Maya Declaration Commitments

CAPE TOWN, SOUTH AFRICA--(Marketwire - September 30, 2012) - The Alliance for Financial Inclusion's (AFI) 4th Annual Global Policy Forum (GPF) concluded today in Cape Town, South Africa with both fresh initiatives and new Maya Declaration Commitments being announced. Co-hosted by the South African Treasury, the forum marked the AFI Network's return to the African continent for the first time since its opening meeting in Nairobi, Kenya in 2009.

 

The GPF 2012 theme, 'making financial inclusion real,' was explored by participants comprised of senior policymakers, central bank governors, partners from international organizations and private sector leaders. Lively discussions and debates on the close connections between financial inclusion policy, the real economy, stability and poverty reduction occurred during the three days of meetings.

 

The formalization of the African Mobile Financial Services Policy Initiative (AMPI) was realized at the forum, a significant financial inclusion effort launched in Africa.

 

Central Bank of Kenya Governor Njuguna Ndung'u summarized the logic of focusing on mobile financial services, saying, "... it is a delivery system that has been tested and has been successful across our region... but it is also a system that is constantly changing and expanding. Working together we are uniquely placed to take a leading role in development of MFS innovation." The assembled delegates of senior African policymakers from the AFI Network adopted the Initiative and agreed to hold the first AMPI meeting in early 2013.

 

The announcement of 19 additional Maya Declaration Commitments was the highlight of the GPF 2012 final day, bringing the total number of institutional financial inclusion commitments under AFI's Maya Declaration to 35 -- an impressive achievement on the one-year anniversary of the Maya Declaration's introduction.

 

New Commitments include: Central Bank of Armenia; Microcredit Regulatory Authority, Bangladesh; Ministry of Social Development, Chile; Ministry of Finance Colombia; Banque Centrale du Congo; Banco Central del Ecuador; Bank of Ghana; Superintendencia de Bancos de Guatemala; Bank Indonesia; Financial Regulatory Commission of Mongolia; Central Bank of Mozambique; Bank of Namibia Palestine Monetary Authority; Banco Central del Paraguay; Ministry of Economy and Finance Senegal; Central Bank of Solomon Islands; Reserve Bank of Vanuatu; Bank Negara Malaysia; and the South African National Treasury.

 

"The response from our membership to the Maya Declaration's call to action has been tremendous," said Alfred Hannig, Executive Director of AFI. "Taken together, these 35 commitments show the determination of the AFI Network to lead in the development of financial inclusion innovation and improve the lives of the world's unbanked."

 

The GPF 2012 was the largest forum ever held by the AFI Network with more than 360 delegates and partners in attendance. AFI now includes more than 90 policymaking institutions from 84 developing and emerging nations, representing more than 75 percent of the world's 2.5 billion unbanked population.

 

Contact Information:

Peter W. Foster

peter.foster@afi-global.org

 

© 2012 Marketwire, Incorporated. All rights reserved.