SOFR (Secured Overnight Financing Rate) is replacing LIBOR (London Interbank Offered Rate), a widely used global benchmark interest rate. Most of the other central banks have also issued circulars to their respective Banks. The final cessation of LIBOR — and all remaining USD LIBOR rates will be discontinued after June 30, 2023.
10xDS helped in the end-to-end automation of the data update of Student grades from assessments in Learning Management System and Student Information System for a leading university in Bahrain.
At 10xDS, we believe that we all have a responsibility to protect our environment, all of our employees came together to make a positive change. 10xDians e-signed a pledge to plant a tree and care it well to grow.
10xDS delivered end-to-end automation concept for a leading wholesale Bank in Saudi Arabia for extracting data from paper-based forms for further entry and processing through Core Banking System(CBS). Using Microsoft-based tools including SharePoint, AI Builder, Power Automate, and Microsoft Teams, 10xDS optimised the process and developed a workflow to facilitate it.
10xDS successfully implemented an automated solution that allows users to keep track of the employees who are on their probation period. In this way, the user can classify the worker as either a new hire or a transfer from another company. It also aids in keeping the user informed on the current standing of the employee evaluations that are to be completed by the respective HODs.
10xDS successfully delivered a chatbot solution concept for a semi-autonomous government agency in the Middle East to provide assistance to private-sector businesses and individuals. The MS Teams-based chatbot solution helped the beneficiaries of the programs with details of the programs as well as specific queries around application status, payments, and complaints, among others.
10xDS women colleagues observed International Women’s Day with tremendous enthusiasm and fervor. Our female colleagues working from our Trivandrum and Cochin offices enjoyed a day off watching a movie and engaging in a virtual crocheting session with an expert, Shilpa Varma, who imparted the basics of crochet.
10xDS successfully implemented a PowerApps solution that allows users to easily manage and track multiple tax filings and their due dates spread across multiple entities and countries. The solution allows for the configuration of due dates for multiple tax filings and receives timely notification and reminders to help file taxes as and when they are due.
February just got a whole lot more exciting because it’s Low Code Month! At 10xDS, we’re diving headfirst into Microsoft’s month-long celebration of low code development. Our team is determined to explore every aspect of this exciting field, from the Power Platform Fundamentals to the cutting-edge Fusion Teams and the creation of scalable, serverless apps with Cloud Integrations.
10xDS successfully delivered a concept for a leave assistant chatbot for a leading bank in the Middle East. . Microsoft Teams’ chatbot proves to be a powerful tool not just for collaboration but as a single place for any activity. It can help employees navigate faster, make leave requests effortlessly, and communicate with other employees more effectively.
10xDS successfully automated Oman’s leading payment service provider’s notification and reminder processes. The client was unable to serve their preferred corporate customers due to increased volume. With this solution, the business team can now generate and consolidate service bills and send them to customers regularly with automation.
With the introduction of the Judicial Banking Orders System (“JBOS”) in Bahrain, the Ministry of Justice, Islamic Affairs, and Waqf (abbreviated “MOJ”) has implemented a new system for blocking and unblocking orders with all banks. 10xDS automated phase 1 of the project for a Bahraini bank. In phase 1, the automation covered one of the many scenarios that cover most customer accounts.
To compete and fulfil customers’ growing demands, organisations must adopt more automated operations. Automation’s long-term benefits may be overlooked since companies may be focused on the now. They may not value it. In an age of digitization and automation, such an outlook might be dangerously myopic. Companies should start harnessing the technologies that allow employees and consumers greater voice in automation development and implementation inspiring creativity and ensuring everyone is invested in the project’s success.
Merry Christmas and Happy New Year to everyone from the 10xDS team! It’s the season to start fresh and look forward to a better future. In the future, we plan to focus on a number of key areas, including autonomous enterprise transformation; hyperautomation; expanded use of artificial intelligence (AI); Process Discovery; automation in Cyber Security; Digital Tax; Digital Legal; automation to facilitate environmental, social, and governance (ESG) and sustainability compliance, among others.
Saudi Aramco, one of the largest energy and chemicals companies in the world, had made it mandatory to all its third-party vendors and direct suppliers to produce a Cybersecurity Compliance Certificate (CCC) from an authorised audit firm before conducting business with them.
10xDS has been awarded a far-reaching Web Application Firewall (WAF) Monitoring services contract for a prestigious Government agency in Bahrain. 10xDS provides WAF Managed services to our clients remotely from out delivery centred in India using multiple tools available in the market.
Exponential Digital Solutions (10xDS) will be six years old in November 2022, a noteworthy milestone. 10xDS has created a formidable team of business consulting and technology experts over the past six years to assist our clients. Our solutions have helped enterprises achieve digital transformations, rethinking their business strategies to stay ahead of the digital curve.
10xDS successfully delivered a bank reconciliation automation solution developed for a leading brand that provides specialized services to Oil and Gas companies in the Middle East. The solution included an automated reconciliation of bank statements with associated general ledgers of the firm and preparing a bank reconciliation statement based on the validation.
On October 25, 2022, ISO/IEC 27001:2022, the new edition of the standard was published to replace the 2013 version. ISO/IEC 27002:2022 is a standard developed by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC) to ensure the safety and security of confidential information. It offers high-level guidance on how to establish an ISMS in accordance with ISO 27001.
With the introduction of the newly created Judicial Banking Orders System (“JBOS”) in Bahrain, the Ministry of Justice, Islamic Affairs, and Waqf (abbreviated “MOJ”) will institute a new system for blocking and unblocking orders with all banks that take part in the programme. Therefore, the current Blocking and Unblocking (“BUB”) system at the Central Bank of Bahrain (“CBB”) has been replaced by the new system.