Day: February 22, 2023

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Avidia Bank Implements Nexus Closing by SimpleNexus to Provide Customers the Convenience of a Modern Closing Experience

Massachusetts bank rounds out its adoption of SimpleNexus’ digital mortgage toolset with the implementation of Nexus Closing

LEHI, Utah, Feb. 22, 2023 (GLOBE NEWSWIRE) — SimpleNexus (https://simplenexus.com/), an nCino (NASDAQ: NCNO) company and developer of the leading U.S. homeownership platform for loan officers, borrowers, real estate agents and settlement agents, today announced that Hudson, Massachusetts-based Avidia Bank has implemented Nexus Closing™ to offer its customers the convenience of “from anywhere” home financing tools.

A mutual savings bank with $2.3 billion in assets under management, Avidia Bank provides financial services to Massachusetts communities across eight branch locations. Leading with its Honest to Goodness® brand promise, Avidia Bank seeks to provide customers with efficient financial solutions and exceptional customer service.

Nexus Closing is a comprehensive closing solution with the flexibility to support traditional, hybrid and fully remote eClosings. Its collaborative tools, automatic status updates and mobile eSign capabilities provide borrowers with the resources and guidance to confidently navigate the mortgage closing process. Since implementing Nexus Closing to support hybrid closings, nearly all Avidia Bank borrowers have opted to review and eSign closing documents that do not require notarization before the closing ceremony.

Avidia Bank’s implementation of Nexus Closing rounds out its adoption of the SimpleNexus lending software product line. In 2019, the financial institution implemented SimpleNexus’ pre-application borrower engagement solution, Nexus Engagement™, and point-of-sale product, Nexus Origination™. Used together, the three products facilitate a single-sign-on home financing experience from application to close.

“SimpleNexus enables Avidia Bank to support our customers with a top-of-the-line mortgage tool set that transforms a complex financial transaction into a straightforward and accessible process,” said Laura Hughes, vice president, CRA officer at Avidia Bank. “We prioritize partnerships that let us make things easier for our customers, and SimpleNexus does just that.”

“Avidia Bank is an example of a financial institution that puts the communities it serves at the forefront of all it does,” said Ben Miller, CEO of SimpleNexus. “We’re honored to assist Avidia Bank in bringing more joy to the homebuying experience.”

About SimpleNexus
SimpleNexus, an nCino (NASDAQ: NCNO) company, is an award-winning developer of mobile-first technology for the modern mortgage lender. U.S. lenders depend on our namesake homeownership platform to unite the people, systems and stages of the mortgage process into a seamless, end-to-end solution that spans engagement, origination, closing and business intelligence. By helping lenders manage their teams and stay connected with borrowers and real estate professionals, we deliver a measurable return on investment in the form of reduced turn times, increased loan application submissions and more referral business. A four-time Inc. 5000 company, SimpleNexus has been recognized as one of the world’s Best Workplaces for Innovators. For more information, visit https://www.simplenexus.com or follow @SimpleNexus.

Media Contacts
Leslie Colley
DepthPR for SimpleNexus
+1 678.622.6229
leslie@depthpr.com

Ryan Kelly
nCino
+1 732.770.5942
ryan.kelly@ncino.com

Safe Harbor Statement
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, among others, risks and uncertainties relating to the market adoption of our solution and privacy and data security matters. Additional risks and uncertainties that could affect nCino’s business and financial results are included in reports filed by nCino with the U.S. Securities and Exchange Commission (available on our web site at www.ncino.com or the SEC’s web site at www.sec.gov). Further information on potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to time.

GlobeNewswire Distribution ID 8753945

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FourKites Research Report Highlights Evolving Challenges in Ocean Shipping, with 50 Percent of Shippers Having Zero Visibility into Ocean Freight

Supply chain stakeholders cite customer service, labor shortages and transportation costs as top concerns going into 2023

FourKites Research Report Highlights Evolving Challenges in Ocean Shipping

50% of shippers gave zero visibility into ocean freight; cite customer service, labor shortages and transportation costs as top concerns going into 2023

CHICAGO, Feb. 22, 2023 (GLOBE NEWSWIRE) — After a tumultuous three years for global supply chains, ocean freight stakeholders are under pressure from shifting economic conditions, geopolitical influences and labor challenges going into 2023. That’s according to a new survey released today by leading real-time supply chain visibility provider FourKites.

The survey polled over 350 supply chain professionals to shed light on the top issues facing the ocean shipping industry. The survey revealed that the past few years of supply chain disruptions — including COVID-19, market volatility, global political conflict, material shortages and extreme weather events — have driven 73% of respondents to invest in supply chain visibility, with 46% planning to invest more in 2023.

“Shippers and other players in the supply chain ecosystem are getting smarter about allocations by tapping into more reliable and real-time data, instead of guessing,” said industry expert Chris Stauber, Founder of VentureSoftPM. “They want to know, for instance, what the risk-versus-reward will be for going to an extra port or country to move their containers, or for shifting from one supplier to three for raw supplies. Additional investment is required to get better data, but the value of that data brings a huge reduction in risk.”

Other key survey findings include:

  • 50% of respondents reported having zero visibility into their ocean freight, with more than 20% relying on manual track-and-trace processes to track their ocean freight.
  • More than half of respondents were most concerned about labor challenges, high shipping costs and impacts to customer service, with 35% also reporting concerns around congestion at the ports.
  • 73% of respondents reported having some level of visibility into their over-the-road shipping.

The survey findings have been published in the report, The Great Reset: Ocean Shipping in a Post-Pandemic World. The report includes expert analysis on the current state of ocean shipping, predictions for 2023 and ways shippers can shore up their supply chains to build resilience for the future. Download a copy of the report here.

FourKites continues industry-leading ocean momentum
FourKites’ has seen continued growth in its ocean visibility business over the past year. The company now tracks 98% of global ocean container traffic across more than 270 lanes and 120 carriers, across every container port in North America and all major ports in Europe. Over the last 12 months, FourKites has tracked more than 1.3M ocean shipments — a 163% increase in ocean volume year-over-year — and has seen 70% growth in ocean customers year-over-year, with customers now including Cardinal Health, Arizona Tile, LyondellBasell, American Eagle Outfitters, McCain Foods, Roehm, Rove Concepts, Yamaha Motors and RCS Logistics.

A testament to the value of FourKites’ ocean visibility offerings, FourKites customer RCS Logistics reports that since deploying the FourKites platform — including the company’s groundbreaking Dynamic Ocean® solution — in Q3 2022 to track ocean, drayage and OTR shipments, the company has achieved 7x growth in its domestic transport services, while its ocean freight business has grown 12x.

“We are known in the industry as a leading air freight forwarder,” notes Brian Aldridge, Senior Vice President of Sales, at RCS. “With FourKites, we’ve been able to elevate our ocean freight experience and connect the dots with other modes to truly differentiate ourselves in the market. Our customers and partners appreciate FourKites’ simple, modern interface, and the transparency it creates across their supply chain.”

FourKites’ Dynamic Ocean gives customers end-to-end precision ocean freight tracking, the most accurate predictive ETAs, and can easily integrate with their existing TMS. Additional capabilities help international shippers identify and mitigate the risks and costs associated with runaway demurrage and detention (D&D) fees, and proactively manage exceptions. These include exception dashboards, notifications and alerts; analytics dashboards; and the ability to monetize the potential and actual financial impact.

About FourKites
Leading global supply chain visibility platform FourKites® extends visibility beyond transportation into yards, warehouses, stores and beyond. Tracking more than 3 million shipments daily across road, rail, ocean, air, parcel and last mile, and reaching over 200 countries and territories, FourKites combines real-time data and powerful machine learning to help companies digitize their end-to-end supply chains. More than 1,200 of the world’s most recognized brands — including 9 of the top-10 CPG and 18 of the top-20 food and beverage companies — trust FourKites to transform their business and create more agile, efficient and sustainable supply chains. To learn more, visit https://www.fourkites.com/.

Media Contacts
Marianna Vyridi
Big Valley Marketing for FourKites
(650) 468-3263
mvyridi@bigvalley.co

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e80d1de2-728c-41a4-b0cc-a3e879967cfd

GlobeNewswire Distribution ID 8753983

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Jakarta tightens monitoring of diphtheria spread

The Jakarta Health Service has intensified the monitoring of diphtheria transmission following reports of an extraordinary event (KLB) in Garut District, West Java.

“We have a surveillance system for more than 25 infectious diseases that have the potential to become extraordinary events,” head of the service, Widyastuti, said in Jakarta on Wednesday.

She asked all hospitals, community health centers (puskesmas), and other health facilities to record data systematically when treating patients suffering from infectious diseases.

This serves as an early detection measure so that interventions can be made for patients diagnosed during the outbreaks of diseases, including diphtheria, she said.

Apart from surveillance, her office has also increased vigilance by asking hospitals and health centers to carry out rapid investigations into findings of infectious disease cases.

Health facilities must report any finding of infectious disease cases to the Health Service within 24 hours, Widyastuti said.

“The puskesmas team must investigate quickly and report to us in less than 1×24 hours, and we will take intervention steps,” she added.

So far, no diphtheria cases have been detected in Jakarta, she informed.

Earlier, Garut District declared a diphtheria outbreak after seven residents of Sukahurip Village, Pangatikan Sub-district, died after alleged exposure to the diphtheria virus.

Meanwhile, Head of the Communication and Public Service Bureau of the Health Ministry Siti Nadia Tarmizi said that local governments and communities can implement a number of steps to prevent the spread of diphtheria.

Health centers can start establishing diphtheria outbreak posts, and the community can start to limit outdoor activities for those who are sick and continue to carry out health protocols, especially in outbreak areas, by maintaining distancing and wearing masks.

Raising community awareness about diphtheria and the importance of immunization and increasing the coverage of complete basic immunization are also important, she added.

Generally, the initial symptoms of diphtheria include sore throat, fever, swollen lymph nodes, and weakness, Tarmizi informed.

 

Source: Antara News

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Knowledge of balanced diet key to prevent stunting: Ministry

Knowledge of the importance of a balanced diet that is rich in animal proteins is essential for stunting prevention, the Coordinating Ministry for Human Development and Culture has said.

“Parents’ knowledge regarding the benefits of eating a balanced diet that is rich in animal proteins becomes the main key,” the ministry’s expert staff for sustainable development Agus Suprapto said when contacted on Wednesday.

A low level of knowledge among the community, especially parents, regarding the importance of a balanced diet is posing a problem in efforts to accelerate stunting prevalence reduction, he explained.

“Thus, the coordinating ministry continues to remind that the essential factor in stunting handling is the nutritional fulfillment of pregnant women and under-five children, especially the fulfillment of animal proteins,” he said.

Besides supporting children’s physical development, a balanced diet can optimize their brain development, he added.

Suprapto said that the ministry is continuing to strengthen the dissemination of information regarding the provision of exclusive breastfeeding and complementary foods to optimize the growth and development of children.

He further said that efforts to check stunting aim to prevent children’s brains from not growing and developing properly.

“Thus, this condition needs to be prevented since the first 1,000 days of (a child’s) life as the child’s golden period for growth and development, one of which is by fulfilling the (need for) nutrition optimally in accordance with children’s daily needs,” he added.

He said that his ministry is continuing to remind all stakeholders, especially regional governments, to optimize specific and sensitive interventions to handle and prevent stunting.

He explained that specific interventions are efforts that are aimed at resolving the direct causes of stunting, while sensitive interventions are aimed at resolving the indirect causes of stunting.

Indonesia’s stunting prevalence declined by 2.8 percentage points to 21.6 percent in 2022 from 24.4 percent in 2021, according to the 2022 Indonesian Nutritional Status Survey (SSGI).

The Indonesian government is aiming to reduce stunting prevalence to 14 percent by 2024.

 

Source: Antara News

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NTB aims to reduce stunting rate to 14% this year

Deputy Governor of West Nusa Tenggara (NTB), Sitti Rohmi Djalilah, is targeting to bring down the prevalence of childhood stunting in the province to 14 percent this year.

“Integrated health posts’ (posyandu’s) revitalization has reached 100 percent; stunting management is improving. I’m optimistic it (stunting prevalence) can drop to 14 percent in 2023,” she said at the “Proud Kencana Program and Stunting Reduction Acceleration Regional Work Meeting,” according to a written statement issued here on Wednesday.

According to Djalilah, the transformation of posyandus into family posyandus is one of the flagship programs that the NTB government has continued to accelerate.

Djalilah said that the efforts to realize healthy families through family posyandus have generated good results, with the province’s stunting prevalence declining to 16.84 percent in late 2022 through the synergy and collaboration of all parties.

Based on the Community-Based Electronic Nutrition Recording and Reporting (e-PPGBM) application, it is clear that the trend of stunting prevalence in NTB is declining, she added.

She expounded that, NTB’s stunting prevalence stood at 24.5 percent in 2019 and declined to 23.3 percent in 2020, 19.23 percent in 2021, 18.94 percent in February 2022, and slid further to 16.84 percent in December 2022.

“I highly appreciate the health office heads, community health centers (puskesmas), the Family Welfare Movement teams (PKK), the National Population and Family Planning Agency (BKKBN), and all relevant parties that have strived to realize healthy families to tackle stunting problems,” she said.

Meanwhile, acting head of BKKBN’s NTB Representative Office, Syamsul Anam, said that the declining trend of stunting prevalence is inseparable from the collaboration and synergy of all relevant parties in the province.

“In this work meeting, we will prepare several precise steps to reduce the stunting prevalence more massively,” he added.

Indonesia’s stunting prevalence declined by 2.8 percentage points to 21.6 percent in 2022 from 24.4 percent in 2021, according to the 2022 Indonesian Nutritional Status Survey (SSGI).

The Indonesian government is aiming to reduce stunting prevalence to 14 percent by 2024.

 

Source: Antara News

 

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Remain alert against hoaxes ahead of elections: Govt

The Communication and Information Ministry has urged citizens to remain alert against disinformation on digital platforms ahead of the 2024 General Elections, director general of public information and communication at the ministry Usman Kansong informed.

The ministry has an artificial intelligence (AI) technology named Automatic Identification System (AIS) that filters disinformation in the digital space, including political disinformation, he said at Sebelas Maret University, Surakarta, on Wednesday.

He made the remarks during a literacy forum on democracy at the university, which was entitled “Peaceful Democracy in Digital Era.”

According to the data collected by AIS, there was a significant rise in disinformation during the 2019 elections, he noted.

“This means that as the general election draws near, based on past experience, political disinformation increases,” he said.

“There were around 277 (instances involving) political disinformation in April 2019. In April 2018, there were only 14. There was a significant increase in just a year,” he pointed out.

Kansong urged the public to be more cautious regarding information ahead of the political year. The public should differentiate information related to negative, positive, and black campaigns.

A negative campaign generally contains information that concerns the weaknesses of election candidates, while a positive campaign promotes the strength of candidates.

However, a black campaign contains false information concerning election candidates.

“Black campaign is not allowed because it is a hoax or disinformation; we need to be careful,” he said.

He also asked citizens to use social media in a healthy manner and fill it with productive and positive content.

He also urged the mainstream media to serve as a clearing house by clarifying disinformation ahead of the political year.

The mainstream media enjoys a higher level of trust compared to social media. Thus, it should act as a center that clarifies information for the public.

 

Source: Antara News

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Balikpapan-IKN Nusantara toll road to be ready by 2024-end: Widodo

President Joko Widodo (Jokowi) has said that the construction of the toll road from Balikpapan to the new capital city (IKN), Nusantara, in East Kalimantan will be completed by the end of 2024.

“By the end of 2024, we will finish the toll road from Balikpapan to IKN Nusantara’s core area,” he informed after reviewing the toll road in Balikpapan, East Kalimantan, on Wednesday.

The 40-kilometer toll road will connect Balikpapan to IKN Nusantara’s core area and will take 30 minutes to navigate, he informed. The toll road will also be the first connectivity infrastructure built by the government in IKN Nusantara.

“The infrastructure has been running. This will be the first supporting infrastructure built for the development of IKN Nusantara,” Widodo said.

There have been no obstacles to the construction of the toll road, he added. The obstacles faced earlier in land acquisition have also been resolved.

“The Public Works and Public Housing (PUPR) Minister, Basuki Hadimuljono, has informed us that there are no problems,” he added.

Furthermore, the President emphasized that land acquisition in IKN should not harm the local community. He also stresses this for every infrastructure work at IKN.

“I think the approach is the same. I have told the head of the IKN Authority, Bambang Susantono, the people should not be harmed by the construction of IKN Nusantara,” Widodo said.

IKN Nusantara’s development will continue to prioritize aspects of environmental sustainability since the city is being built on the concept of a green and environmentally friendly city, he added.

“Even the slightest thing related to the environment must be considered,” he stressed.

The government is developing IKN Nusantara as the new capital of Indonesia in place of Jakarta. The construction of the IKN requires an estimated Rp466 trillion in funds.

IKN Nusantara has been envisaged as a modern, smart, and environmentally friendly city. The construction of the new capital is expected to be completed by 2045.

 

Source: Antara News

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Boosting construction workers’ competency through IKN project

The project for constructing Indonesia’s new capital (IKN) Nusantara in North Penajam Paser, East Kalimantan, is not merely about a physical relocation of the capital from Jakarta to East Kalimantan or from Java Island to Kalimantan Island, but is also aimed at creating economic equality.

To achieve this goal, there is a need to develop human resources, especially people living around the IKN construction project site.

According to Public Works and Public Housing Minister Basuki Hadimuljono, preparing reliable and competent human resources for the construction of the new capital is a priority for his ministry.

“IKN is an opportunity, both technical and non-technical. (It is a) Technical (opportunity) because we are constructing the infrastructure with new technologies,” he said.

The IKN construction project needs competent human resources who understand the basic principles of the construction of a smart city and have sharp analytical skills for resolving problems related to smart city development.

This is in line with the initial design of Nusantara as a smart forest city—one that is sustainable, a driver of Indonesia’s economy in the future, and a symbol of national identity.

The Public Works and Public Housing Ministry has also emphasized the importance of maintaining quality, aesthetics, and environmental sustainability in the infrastructure development of the new capital.

The goals and requirements for IKN construction highlight the need for quality human resources that have knowledge of sustainable technologies.

So what are the efforts that the government is making to train human resources around the IKN location to support the new capital’s construction and improve the competency of workers involved in construction?

Construction training

To support the construction of Nusantara, the Public Works and Public Housing Ministry is providing training and developing construction workers living around the new capital site and in other regions of Indonesia.

Based on the ministry’s data, it trained 9,796 construction workers in 2022, surpassing the target of 7,100 workers.

Ministry Spokesperson Endra S. Atmawidjaja said that the training was divided into several levels, starting from the level of construction contractors to that of operational workers. The ministry provided all types of training needed for the IKN construction project.

The ministry recruited people from areas around IKN, the Balikpapan area, and other areas in East Kalimantan.

The background of the participants involved in the training varied, with some coming from vocational schools, polytechnics, and universities, and some being state civil apparatus from the East Kalimantan area.

The training was held in two modes: online training, such as the Building Information Model (BIM) training, and practical training, such as heavy equipment operator and construction training.

For 2023, the ministry is targeting to train 8,500 people for the IKN construction project. The targeted participants are spread in four regional construction service centers (BJKW), namely Region III BJKW, Region IV BJKW, Region V BJKW, and Region VI BJKW.

The Region III BJKW, which includes Banten, Jakarta, and West Java, is targeting to train two thousand construction workers for the IKN construction project. The Region IV BJKW, which includes Central Java, Yogyakarta, East Java, Bali, West Nusa Tenggara, and East Nusa Tenggara, is also aiming to train two thousand workers.

Meanwhile, for the Region V BJKW, which includes West Kalimantan, Central Kalimantan, East Kalimantan, South Kalimantan, and North Kalimantan, the target has been set at 2,500 workers.

As for the Region VI BJKW, which includes North Sulawesi, Gorontalo, Central Sulawesi, West Sulawesi, Southeast Sulawesi, and South Sulawesi, the target is two thousand workers.

Improving competency

The training of IKN construction workers is not only aimed at meeting the need for workers for the construction, but is also a part of the government’s effort to improve the competency of construction workers.

By taking part in training, the skills of the construction workers are expected to improve, considering that the human resources that are involved in the IKN construction project are required to meet a high competency standard.

After the workers finish the training, their names will be recorded in an information system or a database that can be accessed by contractors and consultants so that they can be recruited.

The Public Works and Public Housing Ministry requires contractors and consultants, both domestic and international, who are involved in the construction of IKN to recruit local workers who have been trained.

This obligation is in line with the ministry’s efforts to optimize the domestic component level (TKDN) of the IKN construction project.

The strategy that the ministry is taking includes the use of domestic construction workers, applicators, materials, and business entities. In addition, service providers also need to ensure their employees are from Indonesia.

In relation to the TKDN, the ministry is cooperating with the Industry Ministry, which has the authority to issue the TKDN certification.

The essence of the new capital city’s development, in line with President Joko Widodo’s vision, is, indeed, not only to relocate the capital physically to Kalimantan island, but also to develop and improve the competency of the community around the IKN location and across the country.

This is evident from the efforts to train human resources that the Ministry of Public Works and Public Housing is making, which are not only aimed at meeting the need for construction workers, but also at encouraging Indonesian construction workers to level up their competencies and become competitive workers.

 

Source: Antara News

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