Developments

Self-proclaimed “Chief Loophole Officer” Andrew Fastow to share his story in Singapore More than 250 anti-fraud professionals from around the Asia-Pacific region will gather for the 2015 ACFE Asia-Pacific Fraud Conference at Marina Bay Sands in Singapore, 4-6 November, to listen to leaders in the anti-fraud field, along with an unlikely special guest: a convicted fraudster. Playing a central part in one of the most notorious corporate fraud cases in history, Andrew Fastow, former CFO of Enron Corp., will address the very people trying to catch fraudsters like him. Fastow will explain his role in the energy giant’s collapse, which resulted in a $40 billion lawsuit and the world’s largest bankruptcy at that point. He will give attendees insight into the red flags that were ignored at Enron, and how his life was affected forever after being convicted. Attendees will also hear from keynote speakers including Christophe Durand, Interpol’s Head of Cyber Security. He will be joined by Barry Wong, Vice President and Head of Asia Pacific for customer fraud management for MasterCard Worldwide, Gunawan Husin, Principal Consultant for Continuum Asia PTE LTD and James D. Ratley, President and CEO of the Association of Certified Fraud Examiners (ACFE). Breakout sessions will include discussions about money laundering, the FIFA scandal and how to use advanced analytics to catch fraud before it is able to grow. According to the ACFE’s 2014 Report to the Nations on Occupational Fraud and Abuse, companies worldwide lose an estimated 5 percent of their revenues to fraud. In the Asia-Pacific region, the median cost of each fraud is nearly USD 240,000. More than half of the fraud cases reported resulted from corruption schemes, which cost an average of USD 400,000 per case. Special pricing for early registration is available until 2 October 2015. Visit ACFE.com/AsiaPac for more […]

-Jamie Dimom, Chairman and CEO of JPMorgan Chase & Co I’ve traveled to Detroit on business for more than 25 years, and the signs of the city’s recovery are becoming apparent. Although the city has a long way to go, you can feel the increasing energy and spirit of cooperation that businesses, government and nonprofits have to increase economic growth and create greater opportunity for all. The city has exited bankruptcy, fixed thousands of streetlights, and improved emergency response times and started to reduce blight. Full credit goes to Mayor Mike Duggan, a Democrat, and Gov. Rick Snyder, a Republican. They are trying new ideas and modifying plans as they go along, never pointing fingers or worrying about taking credit. The collaborative approach fosters an environment where individuals and businesses, large and small, have growing confidence to invest and build. JPMorgan Chase is proud of its 80-plus years serving Detroit and, most recently, of the company’s $100 million commitment to help bolster the city’s recovery. Detroit’s collaborative approach to problem-solving is instructive. With less partisanship and more partnership, leaders in Washington can follow the Motor City’s lead to tackle five areas of pressing national concern. Finding creative ways to address them would substantially boost economic growth and create more opportunity for more Americans, particularly in low-income households. First is the need for more—and smarter—investment in America’s roads, bridges, tunnels, ports and airports. Physical infrastructure is a natural job creator in the near term and establishes conditions for long-term growth. The federal government and all of our major cities and states should have five to 20-year intelligent infrastructure plans driven by what we really need—not the political wheeling and dealing that ends up building bridges to nowhere. Detroit’s M1 rail line—a 3.3-mile streetcar line to connect many of the city’s economic, […]

The Shanghai Stock Exchange and China Securities Index have launched China’s first index of carbon efficient companies. Powered by data from Trucost, the new index aims to identify companies with financial performance that matches or exceeds their peers, but with significantly lower carbon emissions. The SSE 180 Carbon Efficient Index is designed to help financial institutions gain enhanced financial performance that lower exposure to carbon emissions provides. China’s economic development strategy increasingly emphasizes the need for green and low-carbon growth. As a result, Chinese companies are expected to further improve their environmental performance. The new index supports this transition by channelling capital towards better performing, carbon efficient companies. To create the carbon efficient index, Trucost assessed the carbon intensity of all companies in the benchmark SEE 180 Index using its Environmental Register database of environmental performance by more than 5,000 stock exchange listed companies and their supply chains worldwide. While the sector weighting in the carbon efficient index is consistent with that of its benchmark index, within each sector preference is given to lower emitters. Some highly carbon-intensive companies were excluded. Liu Zhong, vice general manager of China Securities Index, said: “In today’s China where green growth is the new norm, green indexes such as the SSE 180 carbon efficient index will provide the market with a great tool for green financial innovation, guiding more capital and more resources towards low carbon and green companies and industries, which will in turn accelerate the green growth economy.”

HIS’15 is the 15th International conference that brings together researchers, developers, practitioners, and users of soft computing, computational intelligence, agents, logic programming, and several other intelligent computing techniques. Paper submission due (extended): September 20, 2015 Notification of paper acceptance (extended): September 30, 2015 Final manuscript and registration due: October 10, 2015 Conference: November 16-18, 2015 “Hybrid Intelligent Computing Towards a Greener Future” About the Conference Hybridisation of intelligent systems is a promising research field of modern artificial/computational intelligence concerned with the development of the next generation of intelligent systems. A fundamental stimulus to the investigations of Hybrid Intelligent Systems (HIS) is the awareness in the academic communities that combined approaches will be necessary if the remaining tough problems in artificial/computational intelligence are to be solved. Hybrid Intelligent Systems are getting popular due to their capabilities in handling several real world complexities involving imprecision, uncertainty and vagueness. HIS’15 is the 15th International conference that brings together researchers, developers, practitioners, and users of soft computing, computational intelligence, agents, logic programming, and several other intelligent computing techniques. HIS’15 invites authors to submit their original and unpublished work that demonstrate current research using soft computing, com! Computational intelligence and other intelligent computing techniques and their applications in science, technology, business and commerce: [Hybrid Intelligent Systems: Architecture] * Interactions between neural networks and fuzzy inference systems * Artificial neural network optimization using global optimization techniques * Fuzzy clustering algorithms and optimization techniques * Fuzzy inference system optimization using global optimization algorithms * Hybrid computing using neural networks – fuzzy systems – evolutionary algorithms * Hybrid optimization techniques (evolutionary algorithms, simulated annealing, tabu search, grasp, etc.) * Hybrid of soft computing and statistical learning techniques * Models using inductive logic programming, logic synthesis, grammatical inference, case based reasoning, etc. * Autonomic computing * Hybridisation with novel […]

The world of manufacturing and production is undergoing unprecedented change with the convergence of information and operations technology, along with the emergence of modern technologies associated with the Internet of Things. The opportunity to learn about the latest integrated control and information portfolio of products, services and solutions that can enable a Connected Enterprise will be the focus of this year’s Automation Fair event from Rockwell Automation. Hosted by Rockwell Automation and members of its PartnerNetwork program on Nov. 18 and 19 in Chicago, the 2015 Automation Fair event will showcase the latest advancements in tools, technologies, services and solutions that can help drive profound changes across the automation investment life cycle. “Helping our customers realize greater productivity and increased global competitiveness through the Connected Enterprise is our passion and a top priority,” said Keith D. Nosbusch, chairman and CEO, Rockwell Automation. “The 2015 Automation Fair event will help attendees learn and apply the most contemporary industrial automation and information solutions to machines, plants and production, and fully leverage the power of IT/OT convergence.” At this year’s event, more than 100 exhibitors will fill the west building of Chicago’s McCormick Place along with attendees of user-group meetings, hands-on labs, technical sessions and demonstrations. Attendees can experience Rockwell Automation products and technology at 19 hands-on labs, and participate in any of the 91 technical sessions. During nine industry- and audience-specific forums, customers and industry leaders will share best practices for the following industries and segments: automotive, chemical, food and beverage, global machine and equipment builders (OEMs), life sciences, metals, oil and gas, power and energy, and water wastewater. The week will start with the Process Solutions User Group (PSUG) annual meeting on Monday and Tuesday and the Automation Perspectives global media forum on Tuesday morning. PSUG will bring together more than […]