Luxembourg, 15 January 2018 - INTRASOFT International, a global ICT company, is proudly announcing the completion of its internal innovation competition, which formed part of the company’s broad 2017 Year of Innovation thematic set of initiatives.
The winning team proposed a solution, by the name of CARMA, that can offer Custom Authorities on a global level advanced risk management services via state-of-the-art technologies in predictive analytics. CARMA employs big data technologies to improve risk identification for known and unknown risks, while at the same time continuing to facilitate trade.
The very close runner up is SmartPACT, which finished in second place; it is an on-demand insurance coverage mobile application, based on Blockchain’s smart contracts, for health and life insurance services.
INTRASOFT’s innovation competition drew in over 40 entries from across the Group, all of which were evaluated by an international panel of experts. The shortlisted entries followed a mentorship program designed to support them in building their business-plan and priming their pitch.
As part of the Year of Innovation, INTRASOFT also supported innovation and entrepreneurship among high school students and sponsored the MIT Enterprise Forum innovation competition
Mr. Alexandros Manos, Managing Director of INTRASOFT International commented: “INTRASOFT’s internal innovation competition was an exciting and rewarding journey for all involved, the participating teams, judges and the colleagues from all functions that supported this unique initiative. This initiative in many ways demonstrates our ongoing commitment to the development of our people and as such the journey is not over just yet. The winning entries not only showcase our staff’s unique technical expertise but also underline their developed business acumen.”
About INTRASOFT International:
INTRASOFT International is a leading European IT solutions and services group with a strong international presence, offering innovative and added-value solutions of the highest quality to a wide range of international and national public and private organisations. The company employs more than 1,700 highly-skilled professionals, representing over 20 different nationalities and mastering more than 18 languages. With headquarters in Luxembourg, INTRASOFT International operates through its operational branches, subsidiaries and offices in 19 countries: Belgium, Bulgaria, Denmark, Cyprus, Greece, Jordan, Kenya, Moldova, Romania, Portugal, Philippines, UK, UAE, Sweden, Morocco, Australia and USA. More than 500 organisations in over 70 countries worldwide (Institutions and Agencies of the European Union, National Government Organizations, Public Agencies, Financial Institutions, Telecommunication Organizations, and Private Enterprises) have chosen the company’s services and solutions to fulfil their business needs. www.intrasoft-intl.com
For INTRASOFT International
Tel. +352 44 10 12 2178