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	<title>Marketpl;aces Archives - NRI News</title>
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		<title>How Ascendion is Transforming AI-Driven Software Engineering in the Philippines</title>
		<link>https://nrinews24x7.com/how-ascendion-is-transforming-ai-driven-software-engineering-in-the-philippines/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Fri, 07 Feb 2025 12:31:44 +0000</pubDate>
				<category><![CDATA[International Business]]></category>
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		<category><![CDATA[Global]]></category>
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					<description><![CDATA[<p>MUMBAI: Ascendion, a global leader in AI-driven software engineering, is expanding its presence in the Philippines with the continued integration of Collabera Digital under the Ascendion brand. This move strengthens the company’s position as a leader in AI-driven software engineering and talent growth. Ascendion aims to create at least 6,000 new jobs&#160;in the Philippines, leading to&#160;an estimated [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/how-ascendion-is-transforming-ai-driven-software-engineering-in-the-philippines/">How Ascendion is Transforming AI-Driven Software Engineering in the Philippines</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<ul class="wp-block-list">
<li><em>$500M economic impact over three years as Ascendion integrates with Collabera Digital</em></li>



<li><em>Ascendion aims to create at least 6,000 new jobs in the Philippines, strengthening the Philippines as a key hub for AI-driven software engineering</em></li>



<li><em>Manila AI Studio launched to advance AI-first software engineering and global talent development</em></li>
</ul>



<p><strong>MUMBAI:</strong> Ascendion, a global leader in AI-driven software engineering, is expanding its presence in the Philippines with the continued integration of <strong>Collabera Digital</strong> under the Ascendion brand. This move strengthens the company’s position as a leader in AI-driven software engineering and talent growth.</p>



<p><strong>Ascendion aims to create at least 6,000 new jobs</strong><strong>&nbsp;in the Philippines, leading to&nbsp;</strong>an estimated economic impact of at least&nbsp;<strong>$500 million over the next three years</strong><strong>.&nbsp;</strong>The Philippines will play a larger role in the company’s global delivery operations, with&nbsp;<strong>AI-driven software engineering as a key focus</strong>. Every Ascendion software engineer in the Philippines will receive&nbsp;<strong>AI deployment certification</strong>, ensuring that the workforce is equipped for the next generation of software development.<em></em></p>



<p>“<em>Our commitment to the Philippines has never been stronger. We are redefining how we serve clients and empower local talent with global capabilities</em>,” said <strong>Karthik Krishnamurthy, CEO of Ascendion</strong>. “<em>We are creating a stronger, more agile organization to deliver transformative growth for the Philippines. Our focus is clear: bring cutting-edge AI-powered platforms, leverage the Philippines to serve global clients, and create global opportunities for engineers in the Philippines</em>.”</p>



<h3 class="wp-block-heading"><strong>AI-Powered Software Engineering in the Philippines</strong></h3>



<p>Ascendion is making the Philippines a&nbsp;<strong>major delivery hub for AI-enhanced software development</strong>, combining human expertise with AI to improve productivity, efficiency, and innovation. Key initiatives include:</p>



<ul class="wp-block-list">
<li><strong>AI-Enabled Engineering Teams</strong> – Hundreds of AI agents will assist engineers in <strong>code generation, software testing, and risk mitigation</strong>.</li>



<li><strong>100% AI Certification for Software Engineers</strong> – Ascendion’s Philippines-based engineers will receive <strong>specialized AI training</strong> to stay ahead in an evolving tech landscape.</li>



<li><strong>AI Studio Manila</strong> – A new facility dedicated to <strong>collaborative AI development, innovation, and software engineering research</strong>.</li>
</ul>



<p>&#8220;By integrating our capabilities, we are creating a future where the Philippines is a global leader in AI innovation,” said <strong>Manan Mehta, Senior Vice President, Global Growth Markets at Ascendion.</strong> “With one of the most tech-savvy populations in the world, the Philippines is uniquely positioned to lead in AI-powered digital transformation. Ascendion is committed to creating transformative digital solutions globally and positioning the Philippines as a trailblazer in the next wave of digital innovation.&#8221;</p>



<h3 class="wp-block-heading"><strong>Delivering AI-Driven Results for Global Clients</strong></h3>



<p>Ascendion engineers in the Philippines are already working with&nbsp;<strong>Fortune 500 companies</strong>&nbsp;to apply AI in software development, improving efficiency and reducing costs. Recent success stories include:</p>



<ul class="wp-block-list">
<li><strong>A logistics leader </strong>transforms a $33 billion unit by eliminating manual tasks, boosting data-driven decisions by 70%, and halving operational costs and time through advanced ML forecasting.</li>



<li><strong>A leading payment solutions provider</strong> boosts productivity by 50% with intelligent automation tools, experiencing expanded service reach</li>



<li><strong>A healthcare innovator</strong> achieved a 90% reduction in data migration costs and 75% faster deployment, saving over 5,000 hours annually.</li>
</ul>



<h3 class="wp-block-heading"><strong>New Platforms to Support AI-Powered Talent Growth</strong></h3>



<p>As part of its expansion, Ascendion is bringing two AI-driven platforms to the Philippines:</p>



<ul class="wp-block-list">
<li><strong>Ascendion AVA+</strong> – An AI-first software engineering accelerator that improves <strong>productivity, risk management, and time-to-market</strong>.</li>



<li><strong>MeTAL</strong> – A talent orchestration platform connecting <strong>Filipino professionals to high-impact projects across global enterprises</strong>.</li>
</ul>



<p>These platforms are designed to enhance&nbsp;<strong>career opportunities for Filipino engineers</strong>&nbsp;while improving how businesses adopt AI for software engineering.</p>



<h3 class="wp-block-heading"><strong>Building a Stronger AI Ecosystem in the Philippines</strong></h3>



<p>By integrating Collabera Digital with the Ascendion brand, the company is creating a stronger, more agile organization that is well-positioned for growth in AI-powered software engineering. The expanded footprint in the Philippines will:</p>



<ul class="wp-block-list">
<li>Hire <strong>6,000+ skilled AI-enabled Ascenders</strong> over three years</li>



<li>Provide <strong>AI-first software solutions</strong> to global enterprises</li>



<li>Strengthen <strong>Manila’s role as a key center for AI-powered software engineering</strong></li>
</ul>



<p>This integration of Ascendion and Collabera Digital under a single brand marks a pivotal moment in accelerating economic growth in the Philippines. It brings the best of both worlds: innovative AI-powered software engineering solutions for businesses and global career opportunities for Filipino professionals.</p>
<p>The post <a href="https://nrinews24x7.com/how-ascendion-is-transforming-ai-driven-software-engineering-in-the-philippines/">How Ascendion is Transforming AI-Driven Software Engineering in the Philippines</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>FTC Puts Online Marketplaces on Notice About Their Responsibilities Under the New INFORM Consumers Act</title>
		<link>https://nrinews24x7.com/ftc-puts-online-marketplaces-on-notice-about-their-responsibilities-under-the-new-inform-consumers-act/</link>
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		<dc:creator><![CDATA[Diaspora News Desk]]></dc:creator>
		<pubDate>Tue, 20 Jun 2023 21:29:35 +0000</pubDate>
				<category><![CDATA[Retail Xpress]]></category>
		<category><![CDATA[Act]]></category>
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					<description><![CDATA[<p>NEW YORK: The Act will go into effect nationwide on June 27, 2023; Commission warns businesses to be in compliance on day one The Federal Trade Commission has sent letters to 50 online marketplaces nationwide notifying them about their obligation to comply with the new Integrity, Notification, and Fairness in Online Retail Marketplaces for Consumers [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/ftc-puts-online-marketplaces-on-notice-about-their-responsibilities-under-the-new-inform-consumers-act/">FTC Puts Online Marketplaces on Notice About Their Responsibilities Under the New INFORM Consumers Act</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p><strong>NEW YORK:</strong> The Act will go into effect nationwide on June 27, 2023; Commission warns businesses to be in compliance on day one</p>



<p>The Federal Trade Commission has sent letters to 50 online marketplaces nationwide notifying them about their obligation to comply with the new Integrity, Notification, and Fairness in Online Retail Marketplaces for Consumers Act – or the&nbsp;<a href="https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section45f&amp;num=0&amp;edition=prelim">INFORM Consumers Act</a>&nbsp;– as soon as it takes effect on June 27.</p>


<div class="wp-block-image">
<figure class="aligncenter"><a href="https://www.ftc.gov/now-leaving?external_url=https%3A%2F%2Fpublic.tableau.com%2Fapp%2Fprofile%2Ffederal.trade.commission%2Fviz%2FFraudandIDTheftMaps%2FFraudbyState&amp;back_url=https%3A%2F%2Fwww.ftc.gov%2Fnews-events%2Fnews%2Fpress-releases%2F2023%2F06%2Fftc-puts-online-marketplaces-notice-about-their-responsibilities-under-new-inform-consumers-act%3Futm_source%3Dgovdelivery"><img decoding="async" src="https://www.ftc.gov/sites/default/files/ftc_gov/images/badge-explore-data-fraud1.jpg" alt="Explore Data with the FTC: Consumer Fraud"/></a></figure>
</div>


<p>“<em>The INFORM Consumers Act requires online marketplaces to protect consumers from counterfeit, unsafe, and stolen goods by verifying their high-volume third-party sellers’ identities, and making it easier for consumers to report suspicious marketplace activity,</em>” said <strong>Samuel Levine, Director of the FTC’s Bureau of Consumer Protection</strong>. “<em>The Commission will enforce the Act to the fullest extent possible and will collaborate with our state partners to hold online marketplaces accountable.</em>”</p>



<p>The <a href="https://www.ftc.gov/system/files/ftc_gov/pdf/INFORMTemplateLetter.pdf">letters announced today</a> to enclose a copy of the act, highlight the responsibilities the act places on online marketplaces, and urge that businesses carefully review the statute and take all steps necessary to fully comply by June 27. In the letters, FTC staff also urge online marketplaces to communicate with their third-party sellers about the information the act requires to be collected, verified, and disclosed.</p>



<p>Finally, the letters emphasize that a violation of the act may be treated as a violation of an FTC rule, and thus non-compliant online marketplaces may face enforcement that could result in civil penalties of $50,120 per violation. The letters are informational and the FTC is not publicly releasing the names of the recipients.</p>



<h2 class="wp-block-heading">Understanding Compliance Obligations</h2>



<p>As part of the FTC’s effort to fully inform the public about the provisions of the INFORM Consumers Act and to put businesses on notice of their obligations as of June 27, it has developed business education materials that are available on the agency’s website.&nbsp;<a href="https://www.ftc.gov/business-guidance/blog/2023/06/inform-consumers-act-takes-effect-june-27th-your-business-ready">“Informing Businesses About the INFORM Consumers Act,”</a>&nbsp;summarizes how online marketplaces can comply with the act when it goes into effect at the end of the month with links to the act itself.</p>



<p>The lead staff attorneys on this matter are Carl Settlemyer and Tiffany Woo in the FTC’s Bureau of Consumer Protection.</p>



<p>The&nbsp;Federal Trade Commission&nbsp;works to promote competition and&nbsp;<a href="https://www.ftc.gov/about-ftc/bureaus-offices/bureau-consumer-protection">protect and educate consumers</a>. Learn more about&nbsp;consumer topics at&nbsp;<a href="https://consumer.ftc.gov/">consumer.ftc.gov</a>,&nbsp;or report fraud, scams, and bad business practices at&nbsp;<a href="https://reportfraud.ftc.gov/">ReportFraud.ftc.gov</a>. Follow the&nbsp;<a href="https://www.ftc.gov/news-events/stay-connected/social-media">FTC on social media</a>, read&nbsp;<a href="https://consumer.ftc.gov/consumer-alerts">consumer alerts</a>&nbsp;and the&nbsp;<a href="https://www.ftc.gov/business-guidance/blog">business blog</a>, and&nbsp;<a href="https://www.ftc.gov/news-events/stay-connected">sign up to get the latest FTC news and alerts</a>.</p>
<p>The post <a href="https://nrinews24x7.com/ftc-puts-online-marketplaces-on-notice-about-their-responsibilities-under-the-new-inform-consumers-act/">FTC Puts Online Marketplaces on Notice About Their Responsibilities Under the New INFORM Consumers Act</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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