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Japanese Megabank Works with Oracle to Modernize Accounting Systems

Japanese Megabank Works with Oracle to Modernize Accounting Systems
SMBC Group selects Oracle Fusion Cloud ERP to consolidate systems across group companies
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AUSTIN, Texas, May 11, 2021 /PRNewswire/ Sumitomo Mitsui Financial Group, Inc. (SMBC Group) has selected Oracle Fusion Cloud Enterprise Resource Planning (ERP) to consolidate accounting functions as part of its efforts to streamline business processes. SMBC Group will implement its shared services across its group companies.
We decided to modernize accounting operations as part of our business and IT transformation to further accelerate efficiencies and enhance group management. This is a very complex project, but we believe that we can make it a success by utilizing the superior functionality and scalability of Oracle Cloud ERP. We expect this system will make a significant contribution to our management infrastructure; strengthen the corpo ....

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Today in funding: Eavor Technologies, Foko Retail, Motion Gestures, Arolytics, Mogile Technologies

Today in funding: Eavor Technologies, Foko Retail, Motion Gestures, Arolytics, Mogile Technologies
Five Canadian tech startups, Eavor Technologies, Foko Retail, Motion Gestures, Arolytics, and Mogile Technologies, have recently secured financing to fuel their growth. Here’s the latest on who raised money, how much from whom, and what they plan to put the new funds toward.
Eavor Technologies secures $50.7 million CAD in financing
Calgary cleantech startup Eavor Technologies has secured $50.7 million CAD ($40 million USD) in funding as it looks to commercialize its geothermal power generation technology.
Investors include bp Ventures, the venture arm of oil and gas company BP; Chevron Technology Ventures; Temasek; BDC Capital; Eversource; and Vickers Venture Partners. ....

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Motion Gestures closes USD 2 million pre-series A financing led by Allen Miner, Forbes Midas List investor who helped build Oracle Japan and Salesforce Japan

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Company s gesture software is key enabler of sophisticated contactless interaction in major industries.
WATERLOO, ON, Feb. 16, 2021 /PRNewswire/ - Motion Gestures, a Canadian startup specializing in Artificial Intelligence-based hand tracking and gesture recognition software for 3
rd party cameras, announced today that it had closed USD 2 million pre-series A financing led by Mr. Allen Miner. Funds will be used to market and support company s breakthrough gesture software among OEMs in major developed economies, with special focus on Japan.
Hand tracking using AI-based joints skeleton approach (CNW Group/Motion Gestures)
Compared to conventional solutions, Motion Gestures AI platform reduces gesture software development time by 10x while increasing recognition accuracy to nearly 100%. It uses advanced AI algorithms and sophisticated joints skeleton-based approach to hand tracking. Software is hardware agnostic and can support any type of cam ....

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NTT WEST Selects Oracle Exadata Cloud@Customer to Drive "Regional Revitalization Cloud" Initiative

Press release content from PR Newswire. The AP news staff was not involved in its creation.
NTT WEST Selects Oracle Exadata Cloud@Customer to Drive “Regional Revitalization Cloud” Initiative
January 25, 2021 GMT
Oracle Logo (PRNewsfoto/Oracle)
AUSTIN, Texas, Jan. 25, 2021 /PRNewswire/ Today Oracle announced that NIPPON TELEGRAPH AND TELEPHONE WEST CORPORATION (NTT WEST) is using Oracle Gen2 Exadata Cloud@Customer to support the company’s “Regional Revitalization Cloud,” an initiative designed to address regional data privacy issues. With Oracle Exadata Cloud@Customer, NTT WEST has access to the Exadata database platform delivered as a cloud service in its own data centers in Nagoya so that it can meet data locality, sovereignty, and compliance requirements that municipalities, educational institutions, and local businesses cannot achieve when using public cloud services. Oracle Exadata Cloud@Customer’s superior performance, availability and scalabilit ....

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Oracle replaces EMEA leaders amid a reorganization

Oracle has replaced the executives leading the enterprise technology giant s $11 billion Europe, Middle East, and Africa (EMEA) business, Insider has learned.
Two top former EMEA leaders have left the company, according to a person with direct knowledge of the matter, and the region s executive vice president may change positions internally or leave altogether.
Oracle CEO Safra Catz in an email to employees viewed by Insider announced Oracle EMEA – which accounts for more than a quarter of the company s overall revenue – would be organized under the leadership of two new leaders, Cormac Watters and Richard Smith, effective Dec. 1. Both report directly to Catz. ....

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