Tag Archive for: innovation

Virgin Media O2, NEC and Rakuten Symphony drive multi-vendor Open RAN innovation in the UK: Press Releases

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London/Tokyo, August 30th, 2022 — new windowVirgin Media O2, NEC Corporation (NEC; TSE: 6701) and Rakuten Symphony have announced their joint multi-vendor Open RAN deployment is entering the field phase, commencing with the activation of the first live sites in Virgin Media O2’s commercial network. This successful multi-vendor Open RAN system deployment on macro-sites in the UK is notable for being in a brownfield network and baselined on the existing Telco Cloud supply chain to maximise future synergies. Based in the Northamptonshire region, the system highlights the mobile operator, NEC and Rakuten Symphony’s commitment to driving Open RAN innovation in the mobile industry.

Following a successful Open RAN lab trial on Virgin Media O2’s network with NEC, Rakuten Symphony and ecosystem partners last year, the field deployment is now operational to handle commercial traffic. NEC’s world-class system integration capabilities and fully open end-to-end solution, combined with Rakuten Symphony’s Open RAN software, edge cloud, and radio management and operations system, ensured the activation of the UK macro-sites while delivering vendor diversity and innovation.

These first live Open RAN macro-sites in Virgin Media O2’s network are possible after extensive testing at NEC and Rakuten Symphony’s labs in India and NEC’s Global Open RAN Centre of Excellence lab in Ruislip, London. The facility, equipped with state-of-the-art testing equipment, follows NEC’s design quality assurance process so that multi-vendor solutions can be efficiently integrated, tested, and validated before any field deployment.

The Virgin Media O2 Open RAN deployment aligns with the UK government’s efforts to diversify future telecom supply chains, recognising Open RAN’s importance in safeguarding security, resilience, innovation, and competition in critical national infrastructure.

Jeanie York, Chief Technology Officer at Virgin Media O2, said, “The successful activation of Virgin Media O2’s first UK macro-sites demonstrates the potential of the multi-vendor Open RAN model. We are strong believers in the power of diverse Open RAN ecosystems and in NEC, we have a partner that really shares our view. Its…

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Protectt.ai launches new Product Innovation Centre at Chennai to meet India’s growing need of mobile security

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Protectt.ai Chennai Centre

Center will serve as hub to address the mobile app & transactions security needs of banking and financial enterprises

INDIA, AUGUST 03, 2022 (GPN): Pioneering mobile threat defense (MTD) start-up, Protectt.ai announced expanding its reach with improved facility at Product Innovation Center, Chennai. The new centre will cater to the ever-evolving mobile threat defense needs of banking and financial enterprises by delivering solutions powered by deep tech and cutting-edge research in mobile security. This centre will give a boost to place India at centre stage of the world dynamics on advance mobile app security solutions for organizations.  The Product Innovation Center will bring together Protectt.ai’s digital ecosystem including clients, partners, startups and academia to inspire and nurture innovative Mobile Digital solutions in cyber threat defense area.

With India attaining the stature of being a mobile first economy with world’s highest number of digital transactions, new-age digital services & banking offered over mobile apps have come under repeated cyber-threats exploiting the multiple undetected vulnerabilities in the mobile ecosystem.

On this backdrop, Protectt.ai’s Product Innovation Centre focused upon Mobile App Security will be dedicated for R&D of mobile app security solutions and monitoring. It will be further enhanced as India’s First Security Operating Centre (SOC) dedicated for Mobile App Threats monitoring by next quarter.

The benefits to enterprises will be in form of embracing a robust mobile app security framework which in turn can help them to deliver secured and enhanced customer experience on their mobile apps. It also enables businesses to lower their cost of app security implementation while being fully compliant with regulatory guidelines.

The innovation center will further draw mileage from Protectt.ai’s industry-first Innovation that uses unique Run Time Application Self Protection (RASP) for mobile app security & fraud control. Effectively businesses such as Banks, Insurance, NBFC & FinTech’s can rely on Protectt.ai’s pioneering MTD solutions while focusing on their core business.

Manish Mimani, Founder…

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SPHINX Real-time Cyber Risk Assessment

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Phonovation Picks Up Irish Innovation Award

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An Irish phone verification specialist has garnered some industry acclaim at this year’s Deloitte Financial Services Innovation Awards. The Awards are now in their third year, and are presented in collaboration with Banking & Payments Federation Ireland (BPFI) and Financial Services Ireland (FSI).

Phonovation Picks Up Irish Innovation Award

Phonovation was the standout of the night after being selected as the overall winner. The company also took home the top prize in the most disruptive fintech category.

Both accolades were handed out in recognition of Phonovation’s Mobile ID identity verification service. Mobile ID leverages a user’s SIM card to bind a device to a mobile app, and to establish a trusted connection that can be used to send secure SMS codes in situations that require two-factor authentication. The service has already become popular with several financial institutions in Ireland, and is now providing coverage for more than six million customers.

The judges praised Phonovation for its simple onboarding process, which makes it easier to secure a bank account for a new or existing customer. Phonovation’s services are available in the UK in addition to Ireland, though the company itself is based in Dublin.

“Businesses should take pride in the resilience and innovation they have shown over the last few years, and as they look forward to new challenges, innovation will be central to adapting product lines and maximising customer experience and engagement,” said Deloitte Ireland Financial Services Head Donal Lehane. ““The companies both shortlisted and awarded this year showcase the breadth of innovation happening across the financial services sector in Ireland.”

Phonovation is not the only company leveraging SIM cards to increase mobile security. IPification looks at SIM information to guard against SIM swap fraud, and recently expanded its services to the UK. 1Kosmos’ BlockID offers a similar SIM binding feature that links an account to a single mobile number.

Sources: The Irish Times and Silicon Republic

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