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Lydia Solutions Partners with Vonage to Revolutionize Security and User Experience Leveraging Network Capabilities
Prnewswire· 2025-02-12 12:00
Core Insights - Vonage has partnered with Lydia Solutions to enhance security and customer experience through the implementation of Vonage's Verify API and Silent Authentication, which utilizes mobile network data for seamless authentication [1][4][7] Group 1: Security and Authentication - Silent Authentication eliminates the need for traditional One-Time Passwords (OTPs), providing a more efficient and secure method of user verification [2][3] - The use of Silent Authentication significantly reduces vulnerabilities to social engineering attacks, allowing users to authenticate safely with just their phone number [3][10] - Since the implementation of Vonage Verify in October 2024, Lydia Solutions has reported improved security and user experience, safeguarding tens of thousands of users daily [4][10] Group 2: User Experience and Efficiency - The adoption of Vonage Verify has led to a notable increase in customer conversion rates and a reduction in latency by up to 50% compared to previous authentication methods [10] - The API's design minimizes user friction by removing the need for manual OTP entries, thus enhancing the overall user experience [5][10] - In case of issues, the system can seamlessly switch to other secure methods like SMS, voice, or WhatsApp, ensuring convenience for end-users [5] Group 3: Business Growth and Strategy - Lydia Solutions aims to become Europe's leading digital bank by 2030, with plans to grow its customer base in France to 5 million active users by 2027, particularly targeting young adults aged 18–34 [8][9] - The partnership with Vonage positions Lydia Solutions as a leader in the competitive European fintech ecosystem by combining innovative services with advanced authentication solutions [9][10] - The collaboration is expected to drive growth and enhance the value and trust delivered to end customers, aligning with Lydia Solutions' vision of frictionless and reliable authentication [7][9]
Aduna secures KDDI as equity partner in groundbreaking API venture
Prnewswire· 2025-02-12 09:21
Core Insights - Aduna has announced the addition of KDDI Corporation as an equity partner, aiming to redefine the telecommunications industry through collaboration and innovation in network Application Programming Interfaces (APIs) [1][2][4] Company Overview - Aduna is a joint venture involving leading telecom operators and Ericsson, focused on simplifying global access to network APIs and fostering innovation [5][6] - KDDI is a prominent telecommunications service provider in Japan, offering various services to both individual and corporate customers [7][8] Strategic Goals - The partnership with KDDI is expected to enhance Aduna's vision of accelerating the adoption of common network APIs, thereby empowering developers and driving innovation on a global scale [2][3][4] - KDDI's involvement will contribute technical expertise and marketing resources to bolster Aduna's impact and create open access to advanced network capabilities [3][4] Industry Impact - The collaboration is set to unlock new revenue opportunities and transform business operations by enabling the development of advanced applications through network APIs [4][6] - Aduna's initiative is positioned to create a unified platform that combines network APIs from multiple operators, fostering collaboration and enhancing user experiences across the telecommunications industry [6]
Aduna partners with Infobip to expand ecosystem and network innovation
Prnewswire· 2025-02-12 07:38
Core Insights - Aduna, a venture between leading telecom operators and Ericsson, is partnering with Infobip to enhance the global reach of network APIs and innovate the digital services landscape [1][5]. Group 1: Partnership Details - The strategic partnership with Infobip aims to drive demand and innovation in the ecosystem, marking a significant milestone for network API adoption [1]. - Infobip is recognized for its real-time communication features and network APIs, including Number Verify and SIM Swap, and is expanding its offerings with new use cases [2][4]. - The addition of Infobip is expected to accelerate the network API ecosystem's growth through its extensive developer community and enterprise market connections [3]. Group 2: Company Backgrounds - Aduna is a collaboration involving major telecom operators and Ericsson, focused on enabling developers to leverage network APIs for innovation [5]. - Infobip, established in 2006, operates globally with over 75 offices and has the capability to reach over seven billion mobile devices through its cloud communications platform [6].
Aduna partners with Sinch to accelerate network API opportunities
Prnewswire· 2025-02-11 10:36
Aduna, a venture between Ericsson and global telecom leaders, will be entering a partnership with Sinch to further bolster the network API ecosystem. STOCKHOLM, Feb. 11, 2025 /PRNewswire/ -- Aduna, a landmark venture between some of the world's leading telecom operators and Ericsson (NASDAQ: ERIC), is today announcing that it will be entering into a strategic partnership with Sinch, a leading cloud communications provider. This latest collaboration marks an important step to expand the global implementation ...
Sinch Partners with Aduna to Advance Global Network API Solutions
Prnewswire· 2025-02-11 08:24
Partnership expands enterprise access to secure, scalable mobile network capabilities, driving innovation in digital services. STOCKHOLM, Feb. 11, 2025 /PRNewswire/ -- Sinch (Sinch AB (publ)) – (XSTO: SINCH), which is pioneering the way the world communicates through its digital Customer Communications Cloud today announced a strategic partnership with Aduna, a new venture formed by Ericsson (NASDAQ: ERIC) and some of the world's leading telecom operators. This partnership aims to strengthen the network API ...
Ericsson appoints Charlotte Levert as Chief People Officer
Prnewswire· 2025-02-05 07:48
Effective as of February 10, 2025 Becomes member of Ericsson's Executive Team, reporting to the CEO STOCKHOLM, Feb. 5, 2025 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announces the appointment of Charlotte Levert as its new Chief People Officer, Senior Vice President, and Head of Group Function People. Charlotte Levert who is currently Vice President and Head of People Business Area Cloud and Software Services will replace MajBritt Arfert, whose departure Ericsson announced in October 2024. Charlotte L ...
ERIC to Upgrade Ooredoo's Network System: Will the Stock Benefit?
ZACKS· 2025-02-04 16:25
Ericsson (ERIC) recently announced that Ooredoo Qatar has opted to deploy its latest radio access network (RAN) and microwave backhaul solutions to upgrade the latter’s network infrastructure. This deployment by Qatar's leading telecommunications service provider aims to significantly enhance network performance and reliability, providing users with a superior telecommunications experience.Digging Deep Into ERIC-Ooredoo DealEricsson’s comprehensive offering includes equipment from its state-of-the-art indus ...
LCRA and Ericsson to deploy private LTE network for utilities in Texas
Prnewswire· 2025-02-04 14:00
PLANO, Texas, Feb. 4, 2025 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) and the Lower Colorado River Authority (LCRA) have signed a multi-year agreement to implement a private LTE network across parts of 68 Texas counties. The advanced network will support grid modernization efforts, provide reliable, low-latency communications and help safeguard utility operations against growing threats. LCRA and Ericsson to deploy private LTE network for utilities in Texas "A private LTE network will provide LCRA with add ...
ERIC Helps Telstra Achieve 9.4 Gbps 5G Downlink Speed on Live Network
ZACKS· 2025-01-27 17:11
Ericsson (ERIC) recently announced that it has helped Telstra achieve a peak downlink speed of 9.4 Gbps on Telstra’s live commercial 5G Standalone network. With this breakthrough, the Australian telecommunications company aims to significantly enhance its high-capacity 5G connectivity, allowing more users to benefit from uninterrupted video streaming, seamless online gaming and rapid content downloads, especially in high-demand locations such as stadiums, shopping centers and transportation hubs. In today's ...
Ericsson Stock Sinks on Warning US Tariffs Would Significantly Hurt Business
Investopedia· 2025-01-24 16:45
Earnings Performance - The company reported Q4 EPS of 1.44 Swedish kronor ($0.13), significantly below the expected SEK2.07 ($0.19) [3] - Revenue increased by 1% YoY to SEK72.91 billion ($6.68 billion), mostly in line with forecasts [3] Regional Sales Performance - North America sales surged 53% to SEK22.0 billion due to contract wins, increased network investments, strong year-end software demand, and timing of project deliverables [4] - Sales in Europe and Latin America increased by 1% [4] - Sales declined in Southeast Asia, Oceania, and India (-28%), Northeast Asia (-22%), and Middle East and Africa (-19%) [4] Expenses and Investments - Research and Development (R&D) expenses increased by SEK13.9 billion [5] - Selling & Administrative expenses rose by SEK10.5 billion [5] Market Reaction and Tariff Concerns - American depositary receipts (ADRs) of the company dropped 11% following the earnings miss and tariff warnings [1][6] - The company warned that potential tariffs from the Trump administration could significantly impact its future results, particularly affecting international product development and global value and supply chains [2] - The company also highlighted uncertainties in the future bilateral trading relationship between China and several countries, including Sweden [2] Stock Performance - Despite the recent drop, Ericsson ADRs have gained approximately 40% over the past year [5]