Ntuple becomes first South Korean company to join the World Economic Forum’s Global Innovators Community
Published 18 December 2020
Ntuple, a leader in application programming interfaces (API) and micro-services lifecycle management, became the first company from South Korea to join the World Economic Forum’s Global Innovators’ Community, a highly selective group of the ‘most promising scale-ups driving the technological and business model innovation’.
Companies who are invited to become Global Innovators have the opportunity to engage with the public and private sector leaders and the Forum’s Platforms to help define the global agenda on key issues.
“The World Economic Forum is excited to have Ntuple join the Global Innovators Community. We look forward to engaging Ntuple in our Platform activities and showcase how the potential of API economy can help businesses adapt to digital transformation and advance digital content safety,” Cathy Li, Head of Media, Entertainment and Sports Industries at the World Economic Forum
On top of being the first company in South Korea to join the Community, Ntuple is also the first in the API economy to be welcomed.
“The API economy is experiencing phenomenal growth. Unbeknownst to most, every major economic shift of the last 25 years has had APIs at the heart of it — from e-commerce, to the cloud, and across social networks,” said Min Park, Founder and CEO of Ntuple.
Upon joining the Community, Ntuple seeks to partner with other companies to power the evolution to the API economy by connecting legacy systems with modern ones, thus reducing the need to reinvest in entirely new systems.
“Ntuple will work with the World Economic Forum to broaden global understanding of API and micro-services, and their respective roles in advancing digital transformation, and work with private and public member organisations to promote the role of the API economy as a worldwide economic driver,” Mr. Park added.
SyncTree, Ntuple’s no-coding API solution platform, provides a secure solution for integrating and connecting legacy systems, orchestrating complex functions with inputs from multiple sources on a serverless basis, a B2B Marketplace for APIs, and a platform to develop and manage APIs and microservices, through a simple drag and drop interface.
SyncTree not only significantly reduces the time and capital required for digital transformation journeys, but in the ever-expanding API Economy, it also provides a more practical execution by enabling a modular approach without having to affect overall system process and integrity.
“To quantify the impact of SyncTree, for a top five national securities firm, 50% of costs related to increasing and maintaining high levels of security against cyberthreats have been reduced as they transform towards a 100% digital firm with a circular economy framework built-in. We have witnessed the same levels of efficiencies with projects carried out by the MXA Group and GOLS in Hong Kong,” commented Joe Wong, the CSO of Ntuple.
Ntuple and SyncTree aspires to achieve high levels of diversity and inclusion to encourage greater innovation.
“For innovation and inclusion to work hand in hand, one must imagine it as an intersectionality of identities, such as race, gender, sexual orientation, disabilities, class, marital status and age, and how they overlap and intersect in dynamic ways that can collectively shape and further social change on a global level. My personal principle is that we must ensure everyone who has a voice receives the fundamental right to be heard,” said Kenneth Kwok, the CIO of Ntuple.
With its membership into the Global Innovators Community, Ntuple aims to propel its growth through a triangular intersectional approach of impact in the circular economy, innovation through futureproofing cybersecurity and social inclusion.