For further information:
iCo-op.net Pte Ltd: http://www.ico-op.net

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For further information:
iCo-op.net Pte Ltd: http://www.ico-op.net

Click here to view the News

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Most of us would have heard a lot about the potential and business growth in Asia. One of our investees, iCo-op.net, (www.ico-op.net) shares their personal experience in setting footprints in the region. How did iCo-op.net started to venture into new markets? What were some of their key observations in doing business in Vietnam, particularly?

Going Regional
Engaging new markets for expansion requires careful planning and allocation of resources. In its initial go-to-market plans as a start-up, iCo-op was aware of its finite capital and chose to embark on countries
within reasonable travelling time from Singapore. This helped to set a clear focus on immediate markets such as Indonesia, Malaysia, Vietnam, South Korea and China. Today, iCo-op has established good relationship with customers in these countries, including major financial institutions and banking facilities. More importantly, how did the team manage to penetrate nearby markets that contributed to the growth of the company? Founder, Dr Jerry Ng and Director, Ong Sang Bin shared more on their channel partner strategy.

For further information:
iCo-op.net Pte Ltd: http://www.ico-op.net
SPRING Singapore: http://www.spring.gov.sg

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iCo-op.net provides Governance, Risk Management, and Compliance (GRC) solutions to help clients to comply to the regulatory requirements of Basel II, SOX, and Anti-Money Laundering Acts. iCo-op.net customers include banks, financial institutions, governments, and large enterprises. iCo-op™ solutions include Anti-Money Laundering System (AMLS), Basel II & CDO Risk Managers (RM), and Fraud Detection and Management Solutions. To date, iCo-op.net has already filed six patents to protect its intellectual properties.

In order to increase it’s competitiveness in the market, iCo-op.net made a decision to port one of their key applications to IBM® WebSphere® Application Server. The iCo-op™ Anti-Money Laundering System (AMLS) provides banks with a solution to comply with the strict regulations of governments to combat money laundering activities.

With the expert guidance from the IBM Innovation Center IT consultants, the iCo-op development team obtained basic knowledge on the IBM software. IBM redbooks and trial copies of IBM software licenses were downloaded for this purpose. Through the IBM virtual private network, iCo-op logged in remotely into the IBM Innovation Center servers. Within 2 weeks, the port was completed and iCo-op’s AMLS was then ready to go to market with IBM WebSphere Application Server and IBM System x.

"We are very impressed with the service and response from IBM Innovation Center. We received a lot of assistance in troubleshooting and debugging code to resolve porting issues", quotes Mr Peter Ho, Business Development Director. Referring to the IIC VPN facilities, Mr Ho was quick to add, "Remote access with VPN is very beneficial. Our consultant can continue with testing even when he is travelling. He can access from anywhere as long as there is internet access".

Commenting on his overall experience at the IBM Innovation Center, Mr Ho remarked, "The entire engagement process was very professionally done, from the kick-off conference call right up to completion!"

For further information:
iCo-op.net Pte Ltd http: www.ico-op.net
IBM Innovation Center: ibm.com/partnerworld/iic

* All trademarks, trade names, service names and logos referenced herein belong to their respective companies.

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By Shamini Darshni

PUTRAJAYA: Delays, postponements and huge case backlogs will be greatly reduced when courts nationwide go online.

Encouraged by the positive results of a pilot project involving 11 courtrooms, the government has decided to expand the e-judiciary project nationwide as soon as possible.

"We are studying the proposal for a nationwide roll-out, with a decision expected in March," Minister in the Prime Minister’s Department Datuk Seri Nazri Aziz said.

Yesterday, he handed over the project from the government to the judiciary’s representative, Chief Justice Tun Ahmad Fairuz Sheikh Abdul Halim. The 11 courts included the Federal Court, the Court of Appeal and the civil and criminal High Courts.

The electronic court system, an electronic government (e-government) application, aims to provide the judiciary and government agencies, such as the police, easier access to court documents.

Asked whether e-judiciary would help address the issue of some 13,000 prisoners awaiting case judgments, Nazri said it would.

"With e-courts and, later, video-conferencing, there would be no need for (the accused) to be in court so it will help reduce the number of postponements."

On Tuesday, Deputy Internal Security Minister Datuk Fu Ah Kiow said of 33,600 inmates, remand prisoners and juvenile detainees, more than 20,000 were awaiting court mention dates while over 13,000 were awaiting court judgments.

There are three main components to e-judiciary: The case management system, the court recording and transcription system and a common information technology infrastructure which includes email and Internet services.

It also aims to provide easier access to judiciary services, increase the availability of and access to court information, reduce litigation costs and speed up cases.

"I believe time is of the essence and the sooner we have the system in place, the better, especially to help reduce delays and postponements," said Nazri.

The pilot stage was developed by Solsis (M) Sdn Bhd at a cost of RM27 million.

Nazri was unsure what the total cost would be once the project was implemented nationwide.

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