Duck Creek Technologies Announces New Chief Financial Officer

Company appoints Teresa M. Kim, experienced technology finance executive, to oversee finance and accounting functions

Duck Creek Technologies Announces New Chief Financial Officer

Teresa Kim, Duck Creek Technologies CFO

BOSTON, Sept. 11, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, announces the appointment of Teresa M. Kim as chief financial officer (CFO). Kim is an accomplished senior finance leader with a strong background and history in cloud computing, technology platforms, and “Big Four” public accounting. She joins Duck Creek following a 20-year tenure with Akamai Technologies (Akamai), a worldwide content delivery network and cloud service company, where she most recently served as vice president (VP) of finance in their cloud technology group overseeing $2 billion-plus in revenues while helping the business to build a scaling world-class platform. While at Akamai, she also was VP of finance in their media and carrier division helping to lead strategic media customer contract negotiations. Previously, she held a role as assistant controller overseeing global accounting and operations leading a large team of 120 professionals and building out finance centers of excellence in India and Poland.

Prior to Akamai, Kim served as a senior auditor with Ernst &Young (EY), supporting clients in EY’s technology, communications, and entertainment sector. She began her career in financial consulting roles with KPMG and Economic Analysis Corporation before moving into public accounting.

“Teresa is a dynamic and thoughtful leader with strong financial acumen, client focus, and experience across cloud and platform technology operations. As Duck Creek continues to focus on international growth and SaaS maturity, she will be a tremendous asset in helping to direct our own strategic transformation and optimize our financial operations,” said Mike Jackowski, CEO of Duck Creek. “This is an exciting time for all of us at Duck Creek and I am confident her talent will help us to continue creating value for our customers, partners, and stakeholders.”

Kim adds, “I’m excited to join Duck Creek as it strengthens its leadership position in the global insurance industry. I’m honored to have the opportunity to work closely with Mike and the entire Duck Creek team during a period of accelerated growth.”

Kim earned her Bachelor of Arts degree with a focus in economics and minor in Asian American studies from UCLA. She earned her MBA and a master’s degree in accounting from Northeastern University. Kim is based in the greater Boston area.

About Duck Creek Technologies

Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and Twitter.

Contact

Drake Manning
Duck Creek Technologies
drake.manning@duckcreek.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4a0ac0b9-1a79-4e33-a4bb-d27139e4383d

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Financial Inclusion remains tool for reducing unbanked segments


Dr Ebenezer Ashley, Executive Head of Research, Media, Business Intelligence and Market Conduct, Ghana Association of Banks (GAB), says in growing economies around the world, financial inclusion remained a strategic tool for reducing unbanked and underbanked segments of country’s population. He said the surge in the banked segment of a country’s population tended to increase the total number and value of customers’ deposits with banks. In an interview with the Ghana News Agency on GhanaPay services, Customers’ alternative to traditional mobile money services, Dr Ashley said, the development increased investment funds and created opportunities for banks to increase lending to existing customers and prospects. The executive head said as part of measures to actively promote financial inclusion, universal banks, including rural and community banks, and savings and loans companies in Ghana had introduced GhanaPay Mobile Money to the financial services market. Dr Ashley said GhanaPay Mobile Money was powered by th
e Ghana Interbank Payment and Settlement Systems (GhIPSS) and provided mobile money services like any of the traditional mobile money wallets. ‘However, GhanaPay provides additional unlimited banking services designed for customers’ financial protection, comfort and freedom,’ he added. Dr Ashley said individual’s registration for GhanaPay Mobile Money wallet could be initiated and completed with access to mobile phone, with or without bank account. He added the bank account ownership was not a major prerequisite for sign-up, and that everyone could become a customer or own GhanaPay Mobile Money wallet. The executive head said the choice of a bank during sign up would enable a customer to identify the bank that would keep and safely protect deposits in wallet, and offer variety of banking and other financial services. He said customer registration could be completed by downloading the App from Google Play or Apple Store to personally sign-up, contacting designated GhanaPay agent for sign-up or visiting bank br
anch and requesting to be signed up for GhanaPay Mobile Money Wallet. Dr Ashley added that, ‘in each of the three identified ways, valid Ghana Card will be required to successfully complete the registration process.’ He said all services accessed from traditional mobile money were readily available on GhanaPay Mobile Money wallet, and that individuals who sign up as customers were handed the opportunity to create direct relationship with their chosen banks as mobile money users. ‘Further, customers enjoy free transfers on GhanaPay Mobile Money, only e-levy charges apply,’ he added. Dr Ashley said customers could also increase their transaction limits by visiting any branch of the bank selected during the registration process. He said interest was calculated on the customer’s end-of-day balance and paid on quarterly basis. ‘GhanaPay Mobile Money customers can walk into any branch of the universal banks, be it rural and community banks, and savings and loans companies throughout the country to make cash deposit
s and withdrawals from their wallets,’ Dr Ashley stressed.



Source: Ghana News Agency

Assembly to regulate foreign traders in Ho


Mr Divine Richard Bosson, Municipal Chief Executive of Ho, says the Assembly would pursue measures to regulate the activities of foreign traders in the Volta Regional capital. Foreigners, including from Mali, Nigeria, and Niger, and whose numbers are on the increase as inland borders continue to hinder passage to Accra, have found the Ho Municipality a haven, and are striving to establish economic ventures. The entire street of the Ho Central Market has been taken over by mostly Nigerians dealing in mobile phones, while their counterparts from Mali and Niger had become free itinerant roamers of the Municipality hawking shoes and bags, in what some indigenes fear is a looming security threat. Indians and Lebanese are also becoming visible in the Municipality of late, credit-selling home appliances and other products to salary workers – an act that sidesteps international laws of commerce. The MCE, speaking in an interview with the Ghana News Agency, said the car park of the Central market had been taken over
by the immigrant traders, while locals lacked space for their produce. He revealed that local traders had threatened arms against the situation, and that a chapter of the Ghana Union of Traders Associations had been swiftly constituted in an attempt to protect Ghanaian businesses. Mr. Bosson said Executives had been engaging the Assembly, and that an operation was being planned to ‘clear the car park,’ and had alternative arrangements to move such trades to the new market buildings. ‘Their presence is affecting local trade, and there are security concerns too, so the local GUTA executives are calling on me daily to do something,’ he stated. The MCE went on to note the issue of space at the market, where traders were fast developing lockable container stores under open sheds. He said such structures were unauthorised and obstruct pathways in the busy market, raising the risks of fire, and hindering emergency access. The MCE said the Assembly would remove such containers to make the open sheds available for the
intended use by local food sellers and producers.



Source: Ghana News Agency

African Development Bank unveils new initiative to cushion farmers


The African Development Bank (AfDB) has unveiled the Africa Climate Risk Insurance Facility for Adaptation (ACRIFA). The initiative is aimed at insulating countries against catastrophic weather-related events. The facility, which will be hosted by the Bank, expands its pioneering Africa Disaster Risk Insurance Programme into a facility that will develop insurance to help African countries, especially, their agriculture sectors, prepare for, adapt, and build resilience against adverse effects of climate change such as flooding and drought. Dr. Akinwumi Adesina, President of the African Development Bank Group, announced in a statement the new adaptation facility at a side event held at the Africa Climate Summit in Nairobi. He said it would raise an initial $1 billion of concessionary high-risk capital and grants to catalyze the development and uptake of insurance solutions to help countries, businesses and communities adapt to climate change. ‘This is our effort to scale up support to insure countries, and hou
seholds against extreme weather patterns,’ Adesina told attendees at the event. ‘Extreme weather patterns negatively impact the livelihoods of many millions of farmers in Africa, the majority of those being women. One way we can tackle this issue is to be sure that farmers have access to crop and livestock insurance,’ he added. The Africa Climate Risk Insurance Facility for Adaptation will also extend credit insurance to investment portfolios related to climate, agri-food system and enterprise development, as well as engage primary insurers across Africa to ensure business opportunities flow through them to continental and international re-insurers. In addition, it will support national governments to more efficiently manage climate disasters. Mr Azali Assoumani, the Comoros President and Chair of the African Union described it as a necessary innovation. He said ‘Considering the frequency and impact of national disasters in African countries, ACRIFA has come at a time when African countries are facing enormou
s challenges affecting agriculture, such as floods and drought. It will help us to strengthen our adaptation and resilience capacities.’ ‘Comoros is just 2,000 square kilometres. We cannot unlock our touristic potential when we face severe climate risks, and therefore the importance of this facility to Comoros, which continues to experience adverse realities of climate change,’ Mr Assoumani added. Madam Ibrahima Diong, Director General of the African Risk Capacity Group and United Nations Assistant Secretary-General said the Africa Climate Risk Insurance Facility for Adaptation would help to scale up what the African Risk Capacity Group was doing, and risk transfer was not just about premiums. It is also about what happens before the disaster strikes. The facility will help to build data that feeds early warning systems in Africa,’ said ACRIFA will expand on partnerships to carry out services to clients, such as the World Food Programme. ‘We are very excited about ACRIFA’s potential to expand insurance covera
ge to farmers who need it. The Facility will help to unlock private sector capital. We can inject trust in the market and unleash more capital than is currently provided in the market,’ said Martin Frick of the World Food Programme. Following a panel discussion about the facility’s potential, Dr. Beth Dunford, African Development Bank Vice President for Agriculture, Human and Social Development, said it needed to move into action quickly. ‘What we’re talking about today, isn’t just about policies. The impact of a thriving climate insurance industry in Africa is about lives. It is about an Africa that doesn’t just survive in climate uncertainties but thrives in them,’ she added.



Source: Ghana News Agency

Court issues bench warrant for the arrest of three businessmen over GHC621,000.00 fraud


An Accra Circuit Court has issued a bench warrant for the arrest of three businessmen over an alleged GHC621,000.00 oil fraud. They are Alhaji Iddrisu Ibrahim, Alhaji Abdul Samed and Simon Muelenga. The accused persons will have to appear before the Court presided over by Mrs Ellen Ofei-Ayeh on September 27, 2023, to answer the conspiracy, fraud and issuing of dud cheque charges against them. The facts are that Mr Ebenezer Martei, the Complainant, is a businessman and the Proprietor of West Stream Dominion Enterprise and resides at Dansoman in Accra. Accused Ibrahim as well as Yusif and Simon Muelenga, both at large are all said to be businessmen. On August 2, 2021, Alhaji Ibrahim and Alhaji Yussif were introduced to the complainant as businessmen who wanted him to supply them with petrol and diesel. They made the necessary arrangements to that effect. In September 2021, Alhaji Ibrahim bargained with the complainant for the purchase of 54,000 liters of petrol and 54,000 liters of diesel all valued at GHC621,
000.00 and after obtaining same, defaulted in the payment of the purchase price. Based on this, the complainant made several efforts for Alhaji Ibrahim to pay the purchase price but he failed. Later, Alhaji Ibrahim pleaded with the complainant that he had invested his money in a vessel that he secured hence he needed some time to pay the debt, the Court heard. After some time, Alhaji Ibrahim and Alhaji Yussif went to complainant that they had a business partner in South Africa, Muelenga, with whom he was having a Haulage business which Alhaji Ibrahim again invested the Complainant’s money and needed US$35,000 to complete it in two weeks’ time to enable him Alhaji Ibrahim to pay the complainant his money for the oil and also to refund the US$35,000. The Court heard that based on this, the accused persons succeeded in collecting US$35,000 from the complainant which turned out to be false. After the expiration of the two weeks, the complainant demanded his money. Alhaji Ibrahim issued him with the Stanbic Bank G
hana Limited Cheque from the Kasoa branch for an amount of GHS621,000 in the name of West Stream Dominion Enterprise and when it was presented at the Stanbic Bank Ghana Limited Accra Main Branch, on April 20, 2022, it was dishonored on grounds that there was not adequate funds in the account to pay the amount specified on the cheque. The complainant made a report to the Police and accused persons were called on their phones to report at the station to assist in investigation, but they went into hiding until June 4, 2023, when Alhaji Ibrahim was arrested. Muelenga has so far refunded US$6,000.



Source: Ghana News Agency

CEO of Palegic Ocean Fisheries to contest NDC Gomoa Central Parliamentary Primary


Mr Frank Octhere Paintsil, the Chief Executive Officer of Palegic Ocean Fisheries Limited, has declared his intention to contest the up-coming Parliamentary Primary of the National Democratic Congress (NDC), for Gomoa Central Constituency ahead the Elections 2024. Mr Paintsil, a native of Gomoa Afransi, told the Ghana New Agency (GNA) in an interview that he had pledged to abide by the laid down processes by the party for the smooth conduct of the Primaries. He said he would work to unseat the current NPP Member of Parliament for the constituency, Mrs Naana Eyiah, who doubled as the Deputy Minister of Interior, for the total development of the area. Mr Paintsil stated that the decision to run the 2023 Primary was in consultation with some grassroots of the party, who embraced him as the sole person qualified to rescue the Gomoa Parliamentary Seat from the NPP. ‘I have presented myself as the saviour to unify the entire people of Gomoa Central and to rally them together to fight for our share of the national
cake which have eluded us, Mr Paintsil stated. He said his intention to contest the primary was for God and country as he would use his rich expertise to work with all, particularly the grassroots, to ensure that the party was victorious in the December 2024 general election to bring back smiles on the faces of all. ‘I am optimistic that the delegates will not disappoint the entire people of Gomoa Central this time round but will vote for me to become their parliamentary candidate, together with former President John Mahama for us to win the December 2024 elections. He prayed for Almighty God’s blessing, protection and guidance throughout his campaigns and for delegates who are political kingmakers to massively vote him to lead the branch party for victory in 2024.



Source: Ghana News Agency

The Oxford Business Group and ARISE collaborate to showcase sustainable industrialisation


The Oxford Business Group (OBG) has collaborated with ARISE Integrated Industrial Platforms (IPP) to develop an independent video that highlights the progress of sustainable industrialisation in sub-Saharan Africa in the West and Central parts of the continent. The ‘Growth Perspectives Video,’ draws insights from OBG’s recent Environmental, Social, and Governance (ESG) Report. A statement issued in Accra by Marc-André de Blois, Director of PR and Video Content, Oxford Business Group said as sub-Saharan African economies experience rapid growth and development, governments were increasingly turning to the private sector for expertise in co-developing industrial zones. It said in response to this, OBG and ARISE IPP have collaborated to shed light on the pivotal role of sustainable practices in shaping the region’s economic and social landscape. The statement said the ‘Growth Perspective Video’ underscores the significance of adhering to international best practices and principles of sustainability, particularl
y as businesses in the region continue to evolve and engage in global trade. It features the success story of the Gabon Special Economic Zone – GSEZ Nkok, a flagship initiative in Africa that attracted significant investment and elevated Gabon’s position in the global timber industry. Mr Gagan Gupta, CEO of ARISE IIP said following the establishment of the UN Sustainable Development Goals, there had been a notable surge in stakeholder interest for the development of ESG-aligned physical, environmental, and social infrastructure. He said this encompasses a spectrum of essentials ranging from electricity, internet, and roads to sanitation and education. ‘This demand is sparking attraction from African nations towards foreign direct investment and international trade, thereby injecting dynamism into their employment landscapes,’ he said. ‘ARISE’s overarching objective is to facilitate Africa’s evolution into a sustainable, globally recognized manufacturing hub,’ Mr Gupta added. He said through the joint efforts
with Oxford Business Group, Chief ESG Officer of ARISE IIP, Bhavin Vyas, said they managed to delineate how their industrial and infrastructure establishment, comparable to their own, aligns with the SDGs, thereby amplifying their ESG commitments. Mr Blois expressed enthusiasm about the collaboration saying, ‘The video production aims to highlight how sustainable industrialization can drive economic growth while ensuring environmental and social responsibility.’ ‘By partnering with ARISE IPP, as our African Industry regional partner, we aim to bring attention to the positive impact of sustainable industrialisation on sub-Saharan African economies. This video provides valuable insights into how nations can leverage the private sector’s expertise for their economic and societal advancement,’ he added. The partnership between OBG and ARISE comes at a crucial juncture, as nations across the region seek avenues for resilient economic growth while addressing environmental and social challenges. The ‘Growth Perspect
ives Video’ serves as a powerful tool for policymakers, investors, and stakeholders interested in sustainable development strategies



Source: Ghana News Agency

Epilepsy cases soar in Nkoranza North District – Mental Health Coordinator


Cases of epilepsy are getting out of control in the Nkoranza North District of the Bono East Region, Mr Stephen Awiti, the District Coordinator of Mental Health has stated. He said about 40 per cent of the more than 900 recorded mental health cases in the district were epilepsy with most of the patients from 15 to 35 years. In an interview with the Ghana News Agency (GNA) at Busunya, the District capital, Mr Awiti said epilepsy and other mental health cases were common at Dromankese, Busunya, Kranka, Yefri and Bono-Manso, farming communities in the district. Mr Awiti expressed worry about what he described as the high stigmatisation and discrimination of people with mental health conditions in the area, saying the stigma was pushing some parents to hide their children with mental disorders, instead of taking them to health facilities. Another key challenge confronting people with mental health conditions such as bipolar, depression, suicide tendencies and related cases, he mentioned was intermittent shortages
of mental health drugs, a situation which was worsening the conditions of some of the patients. Mr Awiti said the district had recorded 20 new cases of mental illness, and attributed some of the cases to substance abuse, marital problems and divorce. He said it was untrue that mental health cases were linked to witchcraft and wizardry because patients who strictly adhered to taking their drugs could possibly be cured. In another interview, Mr Thomas Tongzagli, the Bono, Bono East and Ahafo Regional Coordinator of the Alliance for Mental Health, appealed to the government to do more to tackle the shortage of mental health drugs. The alliance is an umbrella organisation for people living with mental health conditions in the country. Mr Tonglazi, a farmer expressed worry that many of the mental health patients could not afford to buy drugs because they were unemployed and appealed to government to support them to engage in economic livelihood programmes to make money. He expressed appreciation to MIHOSO Internat
ional Foundation, a health centred and development non-governmental organisation (NGO) and BasicNeed Ghana, another NGO for their support in helping the patients to access medication. Mr Tonglazi also bemoaned the societal discrimination of mental health patients and called for intensified public education to help bring the situation under control.



Source: Ghana News Agency