TIS Has Signed Binding Agreement with Marlin Equity Partners to Secure a Majority Growth Investment

BERLIN, Germany, Mar 26, 2024 – (ACN Newswire) – Today, Treasury Intelligence Solutions (“TIS”), a global leader in cloud-native cash management, liquidity and payment solutions, announced that it has signed a binding agreement to secure majority growth investment from Marlin Equity Partners (“Marlin”). The investment positions TIS to execute on organic and inorganic strategic initiatives to further serve the Office of the CFO. The agreement is subject to customary regulatory clearance. A closing of the transaction is expected in the second quarter.

TIS’ Group CEO Erik Masing commented “this exciting partnership with Marlin will fuel our international expansion efforts, leveraging their expertise to broaden our partnerships and strengthen our product offering. In an era of supply chain disruption, rate volatility and macroeconomic uncertainty, the importance of liquidity management, working capital optimization, and secure, efficient B2B payments has never been higher for our customers. The Marlin team demonstrated a deep appreciation for the strength of our value proposition and a strong alignment with our strategic goals.”

Chris Calhoun, TIS’ CEO of Americas, added “Marlin’s deep understanding of the European and U.S. markets, as well as their experience in the Office of the CFO and monetization of data and payments in particular were the key reasons we were keen to partner with them.”

“The TIS team impressed us with their strategic and innovative product offering, strong banking integrations and dedicated customers focus. The company’s mission-critical platform is well positioned to deliver continued growth in the global market for B2B payments, cashflow and treasury management solutions,” said Konstantin von Bismarck from Marlin. “We are excited to welcome TIS to our family of software businesses and are thrilled to support the company’s vision of helping more enterprises effectively, securely and transparently manage their treasury needs.”

Raymond James served as exclusive financial advisor to TIS. Guggenheim Securities, LLC served as exclusive financial advisor to Marlin.

About Treasury Intelligence Solutions (TIS)

TIS helps Chief Financial Officers, Treasurers, and Finance teams transform their global cash flow, liquidity, and payment functions. Since 2010, our award-winning cloud platform and robust service model have empowered the entire office of the CFO to collaborate more effectively and attain maximum efficiency, automation, and control. With over 11,000 banking options, $80 billion in daily cash managed, and $2.7 trillion in annual transaction volume, TIS has a proven track record of combining our extensive market expertise with tailored client and community feedback to drive digital transformation for companies of all sizes and industries. For more information, please visit www.tispayments.com.

About Marlin Equity Partners

Marlin Equity Partners is a global investment firm with approximately $9 billion in capital commitments. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company’s outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 200 acquisitions. The firm is headquartered in Los Angeles, California, with an additional office in London. For more information, please visit www.marlinequity.com.

About Aquiline Capital Partners LP

Aquiline Capital Partners LP is a private investment specialist based in New York, London, Philadelphia, and Greenwich, Connecticut, that invests across financial services and related technologies. The firm has $10.1 billion in assets under management as of September 30, 2023. For more information about Aquiline, its investment professionals, and its portfolio companies, visit www.aquiline.com.

Contact Information
Jennifer Knutel
EVP Global Marketing

SOURCE: Treasury Intelligence Solutions (TIS)

Topic: Press release summary

MOU Partnership Signed between Organisers of Bali International Airshow and Angkasa Pura I

DENPASAR, Indonesia, Dec 1, 2023 – (ACN Newswire) – A Memorandum of Understanding (MOU) has been signed between Indonesian state-owned enterprise PT Angkasa Pura I I Gusti Ngurah Rai International Airport – Bali and PT Inaro Tujuh Belas for the use of Ngurah Rai International Airport facilities for Bali International Airshow. This MOU and partnership will allow Bali International Airshow organisers, PT Inaro Tujuh Belas, to utilise the hangar and south apron of Ngurah Rai Bali International Airport as the official venue for Bali International Airshow 2024.

Mr. Jodi Mahardi (Deputy of Maritime and Energy Sovereignty Coordination, Coordinating Ministry of Maritime Affairs and Investment of the Republic of Indonesia), Mr. Andy Wismarsyah (President Director of PT Inaro Tujuh Belas), Mr. Handy Heryudhitiawan (General Manager of I Gusti Ngurah Rai International Airport) and I Kadek Mudarta. [L-R]
Mr. Jodi Mahardi (Deputy of Maritime and Energy Sovereignty Coordination, Coordinating Ministry of Maritime Affairs and Investment of the Republic of Indonesia), Mr. Andy Wismarsyah (President Director of PT Inaro Tujuh Belas), Mr. Handy Heryudhitiawan (General Manager of I Gusti Ngurah Rai International Airport) and I Kadek Mudarta. [L-R]

With the potential and necessity for air transport in Indonesia as an archipelago, Bali International Airshow is expected to utilise this opportunity to continuously grow until the foreseeable future. This will render Bali International Airshow the ability to develop into a must-attend event in the global airshow calendar.

The partnership between both parties was signed off between Mr. Handy Heryudhitiawan, the General Manager of I Gusti Ngurah Rai International Airport and Mr. Andy Wismarsyah, the President Director of PT Inaro Tujuh Belas on 28 November at the General Aviation Terminal (GAT) South Apron of I Gusti Ngurah Rai International Airport. The MOU signing ceremony was witnessed by Mr Jodi Mahardi, the Deputy of Maritime and Energy Sovereignty Coordination, Coordinating Ministry of Maritime Affairs and Investment of the Republic of Indonesia. Also in attendance were Mr Renaud Hamaide (Chairman and CEO of Comexposium), Ms Elaine Chia (CEO Asia Pacific Comexposium), Danny Budiharto (Chairman of Amara Group) and Seno Damono (COO of PT Inaro Tujuh Belas).

“As we edge closer to the 2024 Bali International Airshow to be held in September 2024, this important milestone highlights a big step in the preparations for the event. This MOU also highlights great support for the airshow by various government bodies, including PT Angkasa Pura I,” said Mr. Wismarsyah.

The Bali International Airshow 2024 is a collaborative endeavour involving the whole of Indonesia government, comprised of Indonesian Ministries and government agencies which include the Coordinating Ministry for Maritime and Investment Affairs, the Ministry of Defence, Ministry of Tourism and Creative Economy, Ministry of Transportation, Ministry of State-Owned Enterprise, Indonesian Air Forces, and PT Angkasa Pura I.

“The MOU between PT Angkasa Pura I and PT Inaro Tujuh Belas becomes a momentum to ensure the readiness of the preparations for Bali International Airshow next year. We, as the airport manager, will ensure this event can happen smoothly alongside ongoing flight operations. This will also be a great opportunity to introduce Indonesia at the global stage to participants who will be attending the airshow as delegates and visitors, and we are proud to be a part of it,” added Mr. Heryudhitiawan.

The Bali International Airshow is Southeast Asia’s premier exposition for aerospace, aero technology, and defence, dedicated to propelling Indonesia to the forefront of the regional aerospace industry. This prestigious event will serve as a pivotal platform that unites diverse industry stakeholders to champion innovation in aerospace across Southeast Asia and Indonesia.

Hosted by the Coordinating Ministry for Maritime and Investment Affairs, the Ministry of Defense and the Ministry of Transportation, and supported by the Ministry of Foreign Affairs, the Ministry of Tourism and Creative Economy, the Indonesian Air Forces (TNI AU), PT Angkasa Pura I, AirNav Indonesia and the Ngurah Rai International Airport Authorities, the Bali International Airshow signifies Indonesia’s unwavering commitment to excellence in the aerospace sector.

The event will encompass a total area of 85,000 sqm, consisting of a static aircraft display area covering more than 70,000 sqm and an exhibition hall spanning approximately 14,000 sqm.

The event will also bring together more than 300 participating companies and more than 100 hosted delegations from over 35 countries and regions, and will also have 10 country pavilions on display.

Jose Raymond
M: +6591478040                                                       
E: jose.raymond@swstrategies.org

About Bali International Airshow

The Bali International Airshow 2024 aims to be Southeast Asia’s most eminent international exposition for aerospace, aero technology, and defense. With a dedicated focus on propelling Indonesia to the forefront of the regional aerospace industry, this prestigious event serves as a pivotal platform that unites diverse stakeholders within the industry, championing aerospace innovation in Southeast Asia and Indonesia.

Hosted by The Coordinating Ministry for Maritime and Investment Affairs, the Ministry of Defense and the Ministry of Transportation and supported by the Ministry of Foreign Affairs, Ministry of Tourism and Creative Economy, Indonesian Air Force (TNI AU), and Ngurah Rai International Airport Authorities, the Bali International Airshow 2024 is a collaborative effort that signifies Indonesia’s commitment to excellence in the aerospace sector. The Bali International Airshow 2024 is scheduled to take place from September 18 to 21, 2024. For more information, visit www.BaliAirshow.com

Topic: Press release summary

Only 42% of newly signed up travel app users transact in the first month: CleverTap Benchmark Report

CleverTap, the all-in-one engagement platform, released its industry benchmark report for travel apps[1]. In the rapidly evolving mobile apps landscape, staying ahead of the competition is crucial for marketers. Therefore, benchmarking performance has become imperative to stay ahead of competition. Travel app marketers will be able to boost conversions and drive higher app activity through the report’s insights.

While 80% of travel app users that sign up, do so within 31 seconds, only 42% make a transaction within the first month. This is markedly lower than fintech’s 95% and foodtech’s 65% signup to conversion rate. Studies have found that users do not see travel apps as being very different from interacting with travel agents. This means that while they may readily sign up for an app; the process of making a transaction may carry the same reservations as with old-school travel agents. Overcoming this challenge requires travel app marketers to place special emphasis on their retention strategies by going above and beyond in providing meaningful value to customers.

CleverTap analyzed 17.9 billion push notifications, 3.8 billion emails, 919.1 million in-app messages, and a total of 64.17 million monthly active users (MAUs). The findings reflect data collected from Asia-Pacific, Europe, India, Latin America, Middle-East, and North America. These include:

-Install to sign-up rate: 1 in 4 users that install travel apps (28%) end up signing up within the first week.
-Average time to sign-up: 80% of the users that sign-up, do so within 31 seconds of launching the app for the first time.
-Sign-up to conversion rate: 42% of newly signed-up users make a transaction in the first month.
-Average time to to convert: 36% of newly signed-up users move from onboarding to deeper-in-the-funnel engagement within a week of onboarding.
-Session frequency: On average, travel app users launch their app around 12 times a month.
-Average week 1 retention rate: 13% of newly signed-up users make repeat transactions in the first week.
-Average click through rate for push notifications: On average, 5.29% of Android users and 3.97% of iOS users will click on and interact with push notifications.
-Average click through rate for in-app notifications: The click through rate for travel in-app notifications is 22.8%.
-Average email open rate: 35.17% users open emails sent by travel app companies
-Average Stickiness Quotient: Travel apps have a stickiness quotient of 18%, that indicates less than one-fifth of monthly active users (MAUs) consistently return to the app.

“With more than a billion travel app users today, brands must emphasize retention more than ever. Sometimes a slight nudge here, a small reminder there may be enough to get users to complete unfulfilled transactions or re-engage with the app. But to maximize customer lifetime value in the long term, marketers need to be agile and identify weak spots within the app’s metrics proactively.” said Jacob Joseph, VP – Data Science, CleverTap. “Our benchmark report spans billions of data points including push notifications, emails and in-app notifications – giving marketers a holistic view of the industry. Coupled with our world leading platform which spans the entire lifetime of a customer, we are confident this will equip marketers with the right tools to raise the bar even higher.”

[1] https://clevertap.com/travel-apps-industry-benchmark-report/

About CleverTap

CleverTap is the all-in-one customer engagement platform that helps brands personalize and optimize all consumer touch points to improve user engagement, retention, and lifetime value. It’s the only solution built to address the needs of retention and growth teams, with audience analytics, deep-segmentation, multi-channel engagement, product recommendations, and automation in one unified product.

The platform is powered by TesseractDB(TM) – the world’s first purpose-built database for customer engagement, offering both speed and economies of scale.

CleverTap is trusted by 2000 customers, including Electronic Arts, TiltingPoint, Gamebasics, Big Fish, MobilityWare, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa John’s, and Tesco.

Backed by leading investors such as Peak XV Partners, Tiger Global, Accel, and CDPQ the company is headquartered in Mountain View, California, with presence in San Francisco, New York, Sao Paulo, Bogota, London, Amsterdam, Sofia, Dubai, Mumbai, Singapore, and Jakarta. For more information, visit clevertap.com or follow on LinkedIn and Twitter.

Forward-Looking Statements

Some of the statements in this press release may represent CleverTap’s belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release.

Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction.

For more information:

Director, Public Relations, CleverTap
+91 9820900036

+91 95901 11798

Topic: Press release summary

Hong Kong – Zhejiang and Hong Kong signed a number of co-operation agreements in Hong Kong (with photos/video)

Zhejiang and Hong Kong signed a number of co-operation agreements in Hong Kong (with photos/video)


     The Chief Executive, Mr John Lee, attended the Opening Ceremony of Hong Kong & Macao – Zhejiang Week & Zhejiang and Hong Kong Cooperation Theme Forum 2023 in Hong Kong today (June 26). At the opening ceremony, Mr Lee, and the Secretary of the CPC Zhejiang Provincial Committee, Mr Yi Lianhong, jointly witnessed the signing of a number of co-operation agreements between Zhejiang and Hong Kong for promoting complementarity and mutual benefits and achieving high-quality development of the two places.
     Mr Lee said that for a long time, Hong Kong and Zhejiang Province have had close relations and frequent exchanges. Under the overall layout of the country, both Zhejiang and Hong Kong play important and unique roles. Zhejiang Province has huge development potential and is the important province of the Yangtze River Delta; Hong Kong is a promoter of domestic and international dual cycles and possesses the unique advantage of “one country, two systems”. Through strengthening co-operation further, both sides would definitely achieve complementarity and mutual benefits, and jointly contribute to the development of the country.
     Hong Kong and Zhejiang reached consensus on the following 12 mutual co-operation areas:
     Encourage Zhejiang enterprises to continue to make full use of different financing channels in Hong Kong’s financial market, including listing in Hong Kong, issuing bonds, etc., and using Hong Kong’s financial services to “go global”; give full play to the role of Hong Kong’s capital market in serving the country’s economy and boosting technological innovation, and encourage Zhejiang enterprises to use Hong Kong as a platform for refinancing, merger and acquisition, and restructuring; encourage Zhejiang fintech enterprises and financial institutions to set up offices in Hong Kong and co-operate with Hong Kong fintech enterprises.
     Promote Hong Kong’s green and sustainable finance grant scheme and Hong Kong’s advantages as the preferred financing platform; both sides will further co-operate closely in the construction of the carbon emission rights market system, and jointly help the country achieve the goal of carbon neutrality.
     Support Zhejiang enterprises to set up treasury centres in Hong Kong to centrally manage overseas treasury business and improve risk management and control; encourage Zhejiang entrepreneurs to set up family offices in Hong Kong; support the financial sector of the two places to hold financial forums and investment promotion activities to promote exchanges and co-operation in finance.
Innovation and Technology
     Strengthen exchanges and co-operation in innovation and technology, using the advantageous areas and key industries of the two places to realise complementary advantages and facilitate the transformation and realisation of research and development outcomes; support universities, scientific research institutions, and innovative enterprises of the two places to jointly build international technology co-operation platforms; support the strengthening of co-operation of both sides in the area of digitalisation and encourage digital enterprises in Zhejiang to set up research and development centres or laboratories in Hong Kong.
     Explore the establishment of a joint training mechanism for science and technology talents, and attract international high-tech talents; support the exchange of young researchers of the two places.
Trade and Investment
     Support Hong Kong-funded enterprises to set up offices in Zhejiang, explore specific co-operation mechanisms, and carry out regular investment promotion activities; support co-operation of the two places in the areas of exhibition economy, international trade, digital trade, and e-commerce, etc. Take advantage of the open platform provided by the China (Zhejiang) Pilot Free Trade Zone, explore the safe and orderly flow of data between Zhejiang and Hong Kong, and carry out pilot projects integrating the uniqueness of Hong Kong enterprises and Zhejiang-Hong Kong co-operation.
     Explore co-operation in publicity and organising seminars on intellectual property publicity between Zhejiang and Hong Kong, and promote intellectual property commercialisation and intellectual property trading; support delegations of Hong Kong chambers of commerce, professional associations and enterprises to visit Zhejiang to share Hong Kong’s experience in modern service industries and enhance the professional standard of modern service industries in Zhejiang.
     Strengthen the airport co-operation between Hong Kong and Zhejiang; continue to deepen the joint venture co-operation between Hangzhou Airport and the Hong Kong Airport Authority; support Zhejiang Airport to establish an international aviation innovation co-operation platform in Hong Kong. Make full use of the advantages of Hong Kong’s world-class international aviation hub to promote the high-quality development of Zhejiang’s aviation economy.
     Strengthen the personnel exchanges between Hong Kong and Zhejiang airports, and provide training related to airport management to Zhejiang airport personnel through the Hong Kong International Aviation Academy.

     Strengthen exchanges and co-operation in higher education personnel training, teacher exchanges, and academic research. Support Hong Kong and Zhejiang higher education institutions for co-operation integrating their respective strong disciplines.
     Encourage schools in the two places to form a sister school pairs to facilitate exchanges between teachers and students; support vocational schools and enterprises in the two places to carry out projects such as joint student training and school-enterprise co-operation.
Youth Exchange
     Promote exchanges between Zhejiang and Hong Kong youths, enhance mutual understanding between youths of the two places, and provide support to Hong Kong youths studying, taking up internships and working in Zhejiang.

     Support and promote the Hong Kong Youth Internship Programme, encourage Zhejiang enterprises to provide more internship places for Hong Kong youth; support Hong Kong youth to start businesses in Zhejiang, and jointly establish the Zhejiang, Hong Kong and Macao Youth Talent Service Center; strengthen the liaison between youth associations in the two places.
Culture and Tourism
     Actively support various arts groups, education institutions and cultural institutions in Zhejiang and Hong Kong to conduct exchanges and performances, and encourage young artists to carry out exchanges and co-operation.

     Support the development of creative industries in the two places; co-operate with the Hong Kong industry to develop “Zhejiang + Hong Kong” tourism product routes, improve service quality, and jointly formulate marketing plans for related products.
Exchange of Talents and Civil Servants

     Both sides work together to improve the facilitation policy for talent exchanges, encourage talent exchanges in various industries, and support eligible talents with overseas professional qualifications to provide services in the Zhejiang Pilot Free Trade Zone.

     Through the “Talent Engage”, the “Dedicated Team for Attracting Businesses and Talents” set up by the Mainland Offices of the Government of the Hong Kong Special Administrative Region (HKSAR) and facilitation of entry, Hong Kong encourages qualified talents and professionals from Zhejiang to work in Hong Kong.
     With the co-ordination of the Hong Kong and Macao Affairs Office of the State Council, both sides continue to promote exchanges between civil servants in Zhejiang and Hong Kong, and share management experience and professional knowledge in public services.
Health, Hygiene and Chinese Medicine
     Promote regular exchanges on health between Hong Kong and Zhejiang, and support Hong Kong service providers in setting up medical institutions in accordance with the law in Zhejiang; support exchanges between the two places on biomedical applications, treatment options for major diseases and effectiveness of clinical application of drugs, and promote exchanges and co-operation in the medical area between the two places. Accelerate academic and talent exchanges in Chinese medicine between the two places, and strengthen co-operation in the field of international standardisation of Chinese medicine.

Environmental Protection
     Promote exchanges on environmental protection between Zhejiang and Hong Kong; strengthen exchanges and co-operation between Hong Kong and Zhejiang in mitigating greenhouse gas emissions and addressing climate change; promote exchanges and co-operation between Zhejiang and Hong Kong in the field of rural revitalisation and ecological conservation, and achieve sustainable development of urban-rural integration and ecological maintenance through sharing rural revitalisation cases and applying advanced technologies.
Facilitation for Hong Kong People in the Mainland
     Zhejiang fully implements the policies and measures introduced by the relevant Central Government departments to facilitate the development of Hong Kong and Macao residents in the Mainland, so that Hong Kong residents holding residence permits in Zhejiang can enjoy the same treatment as Mainland residents.
     Explore the establishment of a “one-stop” consulting service platform for Hong Kong residents in Zhejiang, and address enquiries on various different facilitation policies and measures; support the work of Hong Kong institutions in Zhejiang and strengthen exchange and sharing of policy information.
Legal and Dispute Resolution
     Support and promote the expansion of business co-operation between the legal service industries of the two places, and encourage Zhejiang law firms to engage Hong Kong legal practitioners as legal advisers, etc.; support Zhejiang mediation institutions to connect and establish co-operative relations with Hong Kong mediation institutions; support Hong Kong arbitration institutions in setting up business offices in accordance with the law in Zhejiang, promote the implementation of mutual enforcement of arbitral awards between the two places, and provide professional and international commercial arbitration and mediation services for the co-operation and development of enterprises in the two places.
     Explore the establishment of an exchange and training base for young legal talents in Zhejiang and Hong Kong, and an internship mechanism for legal talents such as the exchange of lawyers between Zhejiang and Hong Kong, and gradually establish a long-term co-operation mechanism for training of legal talents between Zhejiang and Hong Kong.
Co-operation Memorandum Signing Ceremony
     At the meeting, the Chief Secretary for Administration, Mr Chan Kwok-ki, and Vice Governor of Zhejiang Provincial People’s Government, Mr Lu Shan, signed the “Co-operation Agreement between the Government of the Hong Kong Special Administration Region and the People’s Government of Zhejiang Province to jointly promote high-quality development”. The document (Chinese only) is at Annex 1.

     In addition, three co-operation agreements were signed by government departments and an organisation of the two places:

  • “Co-operation Memorandum between Department of Education of the People’s Government of Zhejiang Province and Education Bureau of the Government of the Hong Kong Special Administrative Region”;
  • “Co-operation Memorandum between Department of Commerce of the People’s Government of Zhejiang Province and InvestHK of the Government of the Hong Kong Special Administrative Region”; and
  • “Co-operation Memorandum between Hangzhou Municipal People’s Government and The Hong Kong Jockey Club on the development of equine sports.”

     The “Co-operation Memorandum between Department of Education of the People’s Government of Zhejiang Province and Education Bureau of the Government of the Hong Kong Special Administrative Region” and the “Co-operation Memorandum between Department of Commerce of the People’s Government of Zhejiang Province and InvestHK of the Government of the Hong Kong Special Administrative Region” (Chinese only) signed by government departments of the two places are at Annex 2 and Annex 3 respectively.
     Officials of the HKSAR Government accompanying the Chief Executive to attend the opening ceremony include the Chief Secretary for Administration, Mr Chan Kwok-ki; the Secretary for Justice, Mr Paul Lam, SC; the Secretary for Constitutional and Mainland Affairs, Mr Erick Tsang Kwok-wai; the Secretary for Education, Dr Choi Yuk-lin; and the Secretary for Home and Youth Affairs, Miss Alice Mak, etc.

MoU signed between Ministry of Ayush and Ministry of Electronics and Information Technology (MeitY)

An Memorandum of Understanding (MoU) was signed today between Ministry of Ayush and Ministry of Electronics and Information Technology (MeitY) for providing technical support to Ministry of Ayush for digitalisation of Ayush Sector under the Ayush Grid project for a period of 3 years. This MoU is continuation of the earlier MoU , which was signed in the year 2019. Vaidya Rajesh Kotecha, Secretary, Ayush and Shri Alkesh Kumar Sharma, Secretary MeitY signed MoU on behalf of both the Ministries.  It was decided that both the Ministry’s will continue to work in collaboration and MeitY along with organizations under MeitY will extend all technical support required for the Ayush Grid project including  adoption of emerging technologies. 

Ministry of Ayush has conceptualized ‘Ayush Grid’ Project, as part of the Digital India Program, which leverages ‘Information and Technology’ to transform operational efficiency, improve service delivery and enhance quality of services. The Ayush Grid platform is envisaged to be the IT backbone; allowing integration of all stakeholders and functions/ services related to Ayush systems of health care. From a user’s perspective, Ayush Grid is the proposed central IT platform offering multiple IT services for all systems of medicines under Ayush viz. Ayurveda, Yoga & Naturopathy, Unani, Siddha, Sowa Rigpa and Homeopathy across functional areas, namely, healthcare delivery, education, research, capacity building, drug licensing and standardization along with media outreach.

As per the earlier signed MoU, organizations under MeitY like NeGD supported for development of AyushSanjivani mobile application, Monitoring dashboard, BISAG-N for development of Ayush GIS, Ayush education related modules, DIC for development of Ayush Information Hub, website of the Ministry, Ayusoft,  C-DAC for imparting training to Ayush doctors. It is pertinent to mention that NeGD and BISAG-N provided valuable inputs in finalization of various technical documents like technical solution design & DPR of the Project.

A High-Level Advisory Committee (HLAC), chaired by Secretary Ayush and co-chaired by Secretary MeitY was constituted to provide advisory inputs on Ayush Grid project. A working group was also constituted under the chairmanship of Sh. J. Satyanarayana (Former Secretary MeitY& Chairman UIDAI) with other experts from NITI Aayog, NHA, MeitY etc. for giving expert inputs on right architecture, identify core building blocks, leveraging development under ABDM, understanding requirement of building public private ecosystem and various technical and strategy matters for Ayush Grid project. This helped Ministry to shape technical construct of the project.

MoU signed today will be instrumental for leveraging technical support from MeitY in Ayush Grid project of the Ministry of Ayush.



(Release ID: 1851293)
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