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    Global Rep to Focus on CIS and Middle East

    The recently launched Global Rep is focusing on promoting tourism and travel technology brands in India, CIS countries & Middle East. Founded by Sandeep Khetarpal, the Global Rep is an integrated firm providing clients with comprehensive representation in Eurasia’s most important markets. It increases its clients’ sales through trade and tour operator contracting, marketing, social, influencers, events, PR, and digital media With a dedicated and experienced team and offices based in India, Azerbaijan, Kazakhstan, Kyrgyzstan, Serbia, Ukraine, and Uzbekistan, Global Rep will be able to able to deliver a comprehensive service with return on investment in mind. “What makes The […] More

  • FATF to Update Its Guidelines On Stablecoins and Crypto-Service Providers
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    FATF to Update Its Guidelines On Stablecoins and Crypto-Service Providers

    News emanating from the Financial Action Task Force (FATF) reveals that it will update and publish its laws concerning virtual asset providers (VASP) and cryptocurrency providers. Virtual asset providers include custody platforms, wallet providers, exchanges, and others providing similar services. After consulting with key stakeholders, the updated document will be made available to the public members through them. In a briefing made available to the public yesterday, the team members unanimously agreed at the firm’s three-day plenary session to update its policies on VASPs. When Will the New Policies Be Published? This intergovernmental firm revealed that it wouldn’t exceed early […] More

  • Microsoft and Amadeus announce partnership to develop 'hyper-personalised' services for travellers
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    Microsoft and Amadeus announce partnership to develop ‘hyper-personalised’ services for travellers

    Microsoft and Amadeus announce partnership to develop ‘hyper-personalised’ services for travellers Amadeus, the Madrid-headquartered travel software giant originally set up by a consortium of European airlines in the 1980s and operator of one of Europe’s’s largest private clouds, is moving a large chunk of its infrastructure to the Microsoft Azure public cloud and partnering with Microsoft to develop new products and services. In a blog post, Microsoft outlines three key areas the companies will be focusing on. The first is the creation of  new “hyper-personalised” services for travellers through industry-wide collaboration; second, the two firms aim to develop products together […] More

  • Nevada governor proposes giving tech firms power to govern governor Steve Sisolak Nevada proposal Blockchain
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    Nevada governor proposes giving tech firms power to govern governor Steve Sisolak Nevada proposal Blockchain

    Nevada s governor on Friday unveiled a proposal that would allow technology companies to establish jurisdictions with powers similar to those of county governments, arguing the state needed to be bold to diversify its economy and pushing back against those who have likened the idea to company towns. “This proposal is an exciting, unprecedented concept that has a potential to position Nevada as a global center of advanced technology and innovation, while helping to create immediate positive economic impact and shape the economy of the future,” Gov. Steve Sisolak said of his Innovation Zones idea. “As we’ve learned in the […] More

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    Amadeus Unveils NDC Deal With IAG, A Microsoft Partnership… And A €302 Million 2020 Loss

    Please enter a valid email address and click ‘Submit’. The entered E-mail was address not found. Please enter your email address below to receive an email with instructions for resetting your Password. E-mail address successfully verified. Your Password reset instructions have been e-mailed to you and should arrive shortly. If you do not receive the email shortly, be sure to check your junk email settings to allow emails from the address [email protected] If you have any questions or problems, please contact our Customer Care Department at [email protected]. … Read further. More

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    Amadeus Wins British Airways Parent Over to Its New Way of Selling Fares – Skift

    Amadeus said on Friday it had signed a contract with International Airlines Group (IAG) to distribute airfares for British Airways, Iberia, Aer Lingus, and Vueling to travel agents through Amadeus’s reservation systems using the new distribution methods the airline group has championed. The deal is a notable about-face for the airline group and a victory for the technology giant. In 2017, International Airlines Group added a surcharge on tickets booked through the three largest middlemen for distributing tickets to travel agencies: Amadeus, Sabre, and Travelport. It followed the move of Lufthansa Group, which pioneered the effort in 2015. Air France/KLM […] More

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    Engineering and Development Careers Across the US – Press Release

    This press release was orginally distributed by SBWire New York, NY — (SBWIRE) — 02/26/2021 — Unprecedented times call for unprecedented technology demands. As the world moves into a new stage of the pandemic, where mass testing, quarantines and vaccination rollouts are being used to curb the virus, tech companies are looking at a way to develop health passport apps. To allow passengers to travel to countries where a negative coronavirus test result or vaccination are entry requirements, tech firms, industry associations and airlines around the world have looked into developing different digital passport options so that safe travel can […] More

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    Amadeus ends 2020 with large losses and 61% drop in revenue: Travel Weekly

    Amadeus has reported revenue of $2.4 billion for 2020, a drop of 61% compared with 2019. The distribution giant said that while there was a slight improvement in air traffic in the final quarter of the year, the pandemic continued to severely impact travel. The company’s EBITDA for the year was down 90% to $325 million and profit dipped 124% to a loss of $365 million. Luis Maroto, president and CEO, said Amadeus made cost savings of $604 million in 2020 and ended 2020 with liquidity of $4.2 billion. He adds: “Despite the shock to travel last year, many of […] More

  • FATF updates guidance on crypto service providers, calls for public comments
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    FATF updates guidance on crypto service providers, calls for public comments

    The Financial Action Task Force says it is set to publish an update to its guidelines on cryptocurrencies and virtual asset service providers; a catch-all term including exchanges, wallet providers, and custody platforms, among others. This updated document will also be made available for public consultation from key stakeholders. According to a circular issued by the FATF on Thursday, the decision to update its guidance on VASPs was the result of the organization’s three-day plenary session. As part of its announcement, the intergovernmental that focuses on policies aimed at combating money laundering and terrorist financing revealed that the updated guidelines […] More

  • New HealthCerts scheme to issue digital Covid-19 test certificates & ensure smooth cross-border travel - Mothership.SG
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    New HealthCerts scheme to issue digital Covid-19 test certificates & ensure smooth cross-border travel – Mothership.SG

    HealthCerts, a set of open-source digital standards, will be used to support digitally verifiable cross-border travel. Minister for Smart Nation Vivian Balakrishnan announced in his Committee of Supply speech for the Smart Nation and Digital Government Group on Feb. 26, “We’re also developing a globally interoperable health cert standard, based on blockchain technology, to facilitate cross-border verification of health documents.” Co-developed by the Government Technology Agency (GovTech) and the Ministry of Health (MOH), the scheme will be used to issue digital Covid-19 test result certificates, and be eventually extended to include vaccination certificates. Its use is expected to help smoothen […] More

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    FATF to Update “Travel Rule” Guidance

    Shutterstock The Financial Action Task Force (FATF), an intergovernmental anti-money laundering organization, is preparing to issue an update to its crypto and VASPs guidelines in March, the watchdog said in a document published on Thursday. According to the announcement, the FATF guideline, which requires virtual asset service providers (VASPs) to share data on senders and recipients on their platforms, will have a draft updated in the first week of March. The decision was taken during a three-day plenary session, during which FATF member nations discussed their ongoing efforts in combating money laundering, and also which countries were failing to implement […] More

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    Accelya Hires Former Emirates Distribution VP

    Travel technology provider Accelya has hired Emirates executive Bill Cavendish to oversee its strategy for New Distribution Capability adoption and commercial relationships with airlines. Cavendish joins Accelya as principal of global business development, a role in which he will work with airlines to align their growth strategies with Accelya’s offerings as well as increase revenue and distribution control via NDC. He previously was vice president of distribution strategy at Emirates, where he developed the carrier’s NDC-enabled direct-connect platform, Emirates Gateway. Cavendish also formerly worked at SITA and Galileo and was head of IT at Hogg Robinson Business Travel International. The Barcelona-based […] More

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