Fusionex CEO receives Technopreneur of Excellence Title

Fusionex Managing Director and CEO Dato’ Seri Ivan Teh was awarded the Technopreneur of Excellence 2017 Award at the PIKOM ICT Awards ceremony over the weekend. The coveted award

Fusionex Ivan Teh
Fusionex Ivan Teh

was presented to Teh, in recognition of Fusionex’s achievements and contributions towards growing and supporting the ICT sector in the region.

Fusionex Ivan Teh  (center) on stage to receive the Technopreneur of Excellence award

The star-studded event was marked by an attendance of approximately a thousand attendees, consisting of industry leaders, talents, and budding stars in the ICT arena. The Technopreneur of Excellence award is reserved for individuals demonstrating ICT best practices; as well as to commend their diligence, commitment, and continuous innovation.

This award marks the continuous excellence exhibited by Fusionex, helmed by Teh, and follows Fusionex’s earlier win of the Company Excellence Award in 2016.

Teh carried the Malaysian and ASEAN flags up high when he represented the country and region to speak at the 2017 Belt and Road Summit. Held at the Hong Kong Convention and Exhibition Center (HKCEC), Teh was one of the most prominent speakers, gathered to share their perspective and vision with thousands of business leaders and key government officials from almost 50 countries.

With Fusionex as a premier data technology player, Dato’ Seri Ivan Teh has also led Fusionex towards striking a strategic alliance with Alibaba Cloud, one of the fastest growing cloud providers in the world. Fusionex technology is also incorporated into the syllabus of certain local universities, to encourage homegrown ICT talent. Teh is a strong advocate for the nurturing of young talent, frequently encouraging students to consider ICT and data technology as a viable interest and career. He was also a judge for the Sunway University Dolphin Tank tech entrepreneur competition (by the Young Outliers) as well as Battle of the Digital Ninja event by MDEC held at KLCC.

Teh commented, “I am happy and humbled to receive this award. Accepting this in front of so many ICT friends, and colleagues reminds me that it takes everyone working together to advance the role of ICT in society.

I would like to congratulate and thank everyone from Team Fusionex who made this possible. We will continue to move upwards and onwards in our journey and mission to help shape this country and region in a positive manner with technology.” https://www.fusionex-international.com/Latest-News-Announcements/Fusionex-CEO-receives-Technopreneur-of-Excellence-Title

Fusionex International on ‘Tech accountants’

Accounting professionals remain in a fantastic area to offer ‘as the bridge between company and tech’, states Darren Kong, managing supervisor, corporate method and also partnership at Fusionex International, an information innovation options provider. As well as he should recognize– with a level in used bookkeeping from the UK’s Oxford Brookes University, Kong exhibits this brand-new breed of crossbreed accountants, or what he terms ‘tech accountants’.

Fusionex International’s society is very various from many organisations, notes Kong, whose role entails making the organisation’s roadmap and also engaging very closely with different stakeholders comprising company partners, enterprises, SMEs and also profession organizations (the ‘partnership’ component of his task title). He credits this to founder and team Chief Executive Officer, Dato Seri Ivan Teh, who motivates multitasking in order to nurture skilled all-rounders. ‘He frequently stresses the value of growing “inside-out” and also accepting a cross-fertilisation strategy in our roles, where we obtain associated with as several facets as feasible,’ Kong describes.

fusionex international

This alternative and also integrated method is vital to solving the difficulties dealt with by lots of businesses in the technology industry, particularly the SMEs that comprise close to 70% of the Fusionex consumer base. At its core, a technology dilemma is about fixing an organisation concern. Companies, especially SMEs, want to ‘understand just how to begin, when to start, and also what is the price and return on tech investment’, Kong describes. ‘Our function is to aid our fellow service partners dissect these concerns and make the appropriate technique as well as roadmap for their organisation.’

Key to figuring out that method is to create data-enabled remedies that fit what Kong describes as the 3 vital stages of a company’s development. During the start-up phase, companies need assistance in terms of branding, populating their client data source as well as discovering the ideal market. After two to three years, they ought to have generated a specific quantity of historic sales and consumer information, and also Fusionex assists them to analyse these datasets to use their resources more effectively and also sustainably: concentrating on expenses, matching them to the ideal clients and demographics, and also handling their marketing invest much more efficiently.


By the third phase, a business should have developed right into a sizeable, export-ready enterprise with bigger resources and sources. ‘This is the phase where you need to automate a great deal of procedures and ready them for the digital area,’ discusses Kong, pointing out procedures such as onboarding electronic trade facilitation, in addition to the demand for seamless combination of logistics and supply monitoring.

While the sector is currently experiencing explosive high development, Kong is clear concerning the obstacles faced by technology firms, consisting of around ability as well as financial disruption. ‘Many specialized innovation business still discover it hard to recruit the right “fit” at the correct time,’ he states. ‘As such, they purchase training and talent-matching as early as tertiary education degree.’

Keeping the skill Fusionex International

At Fusionex International’s head workplace in Petaling Jaya, administration is clearly putting its cash where its mouth is to reel in as well as keep talent. Fusionex’s ‘workplace of superheroes’ reduces the everyday work with benefits such as superhero-themed areas, pantries with free treats, swimming pool tables, fitness center, karaoke, massage therapy chairs and also restoration capsules spread over 3 floors. The workplace accords with the wants of the 500-strong neighborhood team and also Kong believes that this is one factor that maintains the unexpected attrition price down to much less than 8% a year.

Strategic collaborations additionally allow Fusionex to punch over its weight. In 2017, the firm partnered with Alibaba Cloud, the cloud computer arm of Alibaba Group, to give cloud-powered software program services to organisations in the ASEAN region. Companies in numerous fields including financial services, profession facilitation, e-commerce, retail, aviation, traveling as well as friendliness, and production have actually adopted these options to drive efficiency.

Fusionex continues to perform additional research study and development into large data analytics (BDA), machine learning, AI and also the Net of Points at its labs as well as R&D centre in Petaling Jaya, in order to present tech-enabled organisation services that are suitable as well as cost effective in the local and Asian context. ‘There are many new modern technologies riding on the expanding use of AI, machine learning and deep knowing. These brand-new modern technologies are moving in the direction of the enhancement of a more dexterous company setting, to adapt to consumer benefit, greater standard of lives as well as healthcare, as well as resulting with any luck in much less wastage,’ claims Kong.

Read more here: https://www.accaglobal.com/gb/en/member/member/accounting-business/2019/06/interviews/darren-kong.html

Powering Alibaba’s eWTP with big data analytics, AI and machine learning

KUALA LUMPUR: It has been more than a year since the Digital Free Trade Zone (DFTZ) initiative was launched in Malaysia and although public attention was only revived a week ago during the launch of Alibaba Group Holding Ltd’s first regional office here, several local companies have already been hard at work making the ambitious project a reality.

Big data analytics firm Fusionex International Plc is one of them, having led a consortium which secured a contract to provide the e-Services platform for the DFTZ from the Malaysia Digital Economy Corp.

The awarding of the contract was announced in November last year and according to Fusionex, has since been up and running with more than 3,000 small and medium enterprises (SMEs) on

Fusionex founder
Fusionex founder

board currently.

“More and more of [these companies] are starting to appreciate that it is important to level up and capitalise on the robust growth in e-commerce and the export market,” said Datuk Seri Ivan Teh, Fusionex founder and chief executive officer of Fusionex.

He added that many local SMEs that Fusionex has spoken to are receptive, open-minded and cognisant of the global language.

“They are open and want to embrace technology as long as it’s easier, faster, better, and more cost-effective than the status quo. In short, they are constructive but might be facing challenges in areas such as market access, funds, modern skills and technology. This is where DFTZ’s e-Services can assist them,” Teh told The Edge Financial Daily in an email exchange.

The platform is key to realising the e-World Trade Platform (eWTP) that has been one of Alibaba’s key initiatives under the DFTZ banner and aims to provide Malaysian SMEs access to global consumers via e-commerce.

“The e-Services platform functions as a one-stop digital trade facilitation platform, that is integrated with a multitude of business service platforms, e-marketplaces, government agencies, logistics providers, freight forwarders, agents, SMEs and other service providers,” said Teh.

The platform aims to “bridge the gap in terms of know-how, reduce costs, as well as avoid or minimise unnecessary delays and encumbrances associated with the old way of manually doing things,” he said, adding that it is meant to be highly scaleable and inclusive.\

According to Teh, the platform is powered by big data technologies, artificial intelligence (AI) and machine learning and is “designed to help merchants — regardless of shape and size — to level the playing ground, and do so without incurring exorbitant costs”.

Fusionex is also riding on the strength of Alibaba Cloud, what with being the latter’s official strategic partner in this region.

“They are a great, committed partner,” Teh said of Alibaba Cloud, noting that the collaboration is synergistic as the latter “has a great cloud offering, whereas Fusionex is a leader in big data technology, AI and machine learning with a strong international reputation.”

While Fusionex may not be a household name to most Malaysians, it has certainly made waves overseas. The company had, until July last year, been listed on London’s Alternative Investment Market.

However, Teh had decided to take the company private after five years on the market due to what he reportedly said was a persistently undervalued stock.

Without disclosing any figures, Teh shares that Fusionex has “invested significantly” and will continue to invest as it is fully committed to ensuring the success of the e-Services platform.

He did not reveal the names of the group’s partners in its consortium, but that they are local players with the relevant expertise and experience.

Teh pointed out that like the DFTZ itself, the e-Services platform is not constrained to physical hubs such as the KL Aeropolis logistics hub being developed by Malaysia Airports Holdings Bhd and Cainiao Smart Logistics Network (Hong Kong) Ltd.

“e-Services will be an open platform that welcomes multiple business service providers, be it forwarding agents, logistics players, and of course very importantly, good local SMEs with great Malaysian products.”

“The cost benefits and efficiencies these players enjoy would ultimately trickle down to consumers [in the form of] faster, more efficient and more cost-effective products and fulfilment,” he said. https://twitter.com/fusionexint