KUALA LUMPUR, Nov 19 -- Auth0, the identity platform for application builders has revealed data insights showing the staggering amount of credential stuffing attacks attempted on its platform on a daily basis.
It detected attacks from more than 50,000 unique IP addresses every day, reflecting the growing sophistication and frequency of cybercrime, while credential stuffing attempts are constantly multiplying, with absolutely no slowdown in sight, according to a statement.
The sheer number of attempts is due largely to the ease and inexpensive manner in which credential stuffing attacks can be orchestrated. Getting access to breached passwords is the first step for attackers, and unfortunately, there are billions openly available on the Internet.
Between July and September 2019 alone, Auth0 determined that during a credential stuffing attack, traffic for a particular website might surge as much as 180x the usual volume, with traffic related to the attack itself accounting for 70 per cent of overall activity.
“Breached Password Detection and MFA functionality are the critical barriers for preventing credential stuffing attacks. We are continuously improving our features to detect and prevent, and will be rolling out new functionality to have even greater visibility into attacks,” said Auth0 CTO and co-founder, Matias Woloski.
Breached Password Detection with its internal database of more than one billion breached passwords, enables customers to block user accounts that try to login with compromised information and only grants access when the password has been reset.
Meanwhile, Multifactor Authentication (MFA) prevents account takeovers, whether from a credential stuffing attack or something else. Attackers would need to access not only a set of breached credentials used across accounts, but also the device used for the second factor to compromise an MFA-protected account.
More information at https://auth0.com.
-- BERNAMA
Friday, November 29, 2019
Tuesday, November 26, 2019
JCRA Group acquisition expands Chatham Financial´s presence in Europe
KUALA LUMPUR, Nov 13 -- Chatham Financial has acquired the JCRA Group, significantly expanding the firm’s presence in Europe to create a global powerhouse in financial risk management solutions.
“One of Chatham’s purposes is to help make markets transparent, accessible and fair for all market participants. We’re excited about how, together with JCRA, we can have an even greater impact,” said Chatham Financial chief executive officer (CEO), Clark Maxwell.
Chatham and JCRA specialise in providing debt and derivatives solutions to commercial real estate, private equity, infrastructure, financial institutions and corporate clients.
The merged firm will lead the industry in capital market expertise, transaction volume, and technology to provide clients access to the data, tools and advice they need to manage financial risk.
With decades of experience helping clients manage capital market risk, the calibre of the Chatham and JCRA teams and their deep expertise will create an unparalleled advisory practice.
JCRA CEO, Jackie Bowie will join Chatham as Co-Head of Europe, according to a statement.
The integrated firm will continue to be independent and 100 per cent employee-owned, serving clients from offices in London, Singapore, Melbourne, Toronto, Denver, Krakow and Kennett Square, Pennsylvania.
More information at https://www.chathamfinancial.com.
-- BERNAMA
“One of Chatham’s purposes is to help make markets transparent, accessible and fair for all market participants. We’re excited about how, together with JCRA, we can have an even greater impact,” said Chatham Financial chief executive officer (CEO), Clark Maxwell.
Chatham and JCRA specialise in providing debt and derivatives solutions to commercial real estate, private equity, infrastructure, financial institutions and corporate clients.
The merged firm will lead the industry in capital market expertise, transaction volume, and technology to provide clients access to the data, tools and advice they need to manage financial risk.
With decades of experience helping clients manage capital market risk, the calibre of the Chatham and JCRA teams and their deep expertise will create an unparalleled advisory practice.
JCRA CEO, Jackie Bowie will join Chatham as Co-Head of Europe, according to a statement.
The integrated firm will continue to be independent and 100 per cent employee-owned, serving clients from offices in London, Singapore, Melbourne, Toronto, Denver, Krakow and Kennett Square, Pennsylvania.
More information at https://www.chathamfinancial.com.
-- BERNAMA
WORLD'S BEST AIRLINES FOR 2020
PERTH, Nov 25 (Bernama) -- AirlineRatings.com, the world's only safety and product rating website has announced Air New Zealand as its Airline of the Year for 2020.
Air New Zealand is being honored for the sixth time for its record-breaking performance, multi award winning in-flight innovations, operational safety, environmental leadership and motivation of its staff. These factors have stamped the airline as a clear industry leader.
The AirlineRatings.com Airline Excellence Awards, judged by seven editors with over 200 years' industry experience, combine major safety and government audits, with 12 key criteria that include: fleet age, passenger reviews, profitability, investment rating, product offerings, and staff relations.
www.AirlineRatings.com Editor-in-Chief Geoffrey Thomas said: "In our analysis Air New Zealand came out number one in most of our audit criteria, which is an outstanding performance when it is up against carriers with more resources and scale.
"Air New Zealand's commitment to excellence in all facets of its business starts at the top with outstanding governance and one of the best executive teams in aviation through to a workforce that is delivering consistently to the airline's strategy and customer promise," Mr Thomas says. Air New Zealand Acting Chief Executive Officer Jeff McDowell says winning the award for a record sixth time is a testament to the efforts of the airline's 12,500 staff who are focused on delivering a world class uniquely Kiwi experience to its customers every day.
Air New Zealand also won Best Premium Economy, while Singapore Airlines won Best First Class and Qatar Airways Best Catering and Best Business Class.
Qantas, won Best Domestic Airline Service and Best Lounges.
Virgin Australia won Best Cabin Crew and Best Economy Class, Emirates; Best In-Flight Entertainment, Cebu Pacific; Most Improved Airline and VietJet Air; Best Ultra Low-Cost airline.
Excellence in Long Haul travel: Delta Air Lines (Americas), Lufthansa (Europe), Emirates (Middle-East/Africa) Cathay Pacific Airways (Asia)
Best Low-Cost Airline; JetBlue (Americas), Wizz (Europe) Air Arabia, (Middle-East Africa) and AirAsia / AirAsia X (Asia/Pacific).
AirlineRatings.com also named its Top Twenty Airlines:
Air New Zealand, Singapore Airlines, All Nippon Airways, Qantas, Cathay Pacific, Emirates, Virgin Atlantic, EVA Air, Qatar Airways, Virgin Australia, Lufthansa, Finnair, Japan Airlines, KLM, Korean Airlines, Hawaiian Airlines, British Airways, Alaska Airlines, Delta Air Lines and Etihad Airways.
About AirlineRatings.com: http://www.airlineratings.com/about-us.php
SOURCE: Airline Ratings Pty Ltd
--BERNAMA
Air New Zealand is being honored for the sixth time for its record-breaking performance, multi award winning in-flight innovations, operational safety, environmental leadership and motivation of its staff. These factors have stamped the airline as a clear industry leader.
The AirlineRatings.com Airline Excellence Awards, judged by seven editors with over 200 years' industry experience, combine major safety and government audits, with 12 key criteria that include: fleet age, passenger reviews, profitability, investment rating, product offerings, and staff relations.
www.AirlineRatings.com Editor-in-Chief Geoffrey Thomas said: "In our analysis Air New Zealand came out number one in most of our audit criteria, which is an outstanding performance when it is up against carriers with more resources and scale.
"Air New Zealand's commitment to excellence in all facets of its business starts at the top with outstanding governance and one of the best executive teams in aviation through to a workforce that is delivering consistently to the airline's strategy and customer promise," Mr Thomas says. Air New Zealand Acting Chief Executive Officer Jeff McDowell says winning the award for a record sixth time is a testament to the efforts of the airline's 12,500 staff who are focused on delivering a world class uniquely Kiwi experience to its customers every day.
Air New Zealand also won Best Premium Economy, while Singapore Airlines won Best First Class and Qatar Airways Best Catering and Best Business Class.
Qantas, won Best Domestic Airline Service and Best Lounges.
Virgin Australia won Best Cabin Crew and Best Economy Class, Emirates; Best In-Flight Entertainment, Cebu Pacific; Most Improved Airline and VietJet Air; Best Ultra Low-Cost airline.
Excellence in Long Haul travel: Delta Air Lines (Americas), Lufthansa (Europe), Emirates (Middle-East/Africa) Cathay Pacific Airways (Asia)
Best Low-Cost Airline; JetBlue (Americas), Wizz (Europe) Air Arabia, (Middle-East Africa) and AirAsia / AirAsia X (Asia/Pacific).
AirlineRatings.com also named its Top Twenty Airlines:
Air New Zealand, Singapore Airlines, All Nippon Airways, Qantas, Cathay Pacific, Emirates, Virgin Atlantic, EVA Air, Qatar Airways, Virgin Australia, Lufthansa, Finnair, Japan Airlines, KLM, Korean Airlines, Hawaiian Airlines, British Airways, Alaska Airlines, Delta Air Lines and Etihad Airways.
About AirlineRatings.com: http://www.airlineratings.com/about-us.php
SOURCE: Airline Ratings Pty Ltd
--BERNAMA
Kyriba records growth for new clients in APAC
KUALA LUMPUR, Nov 26 -- Kyriba, the global leader in cloud treasury and finance solutions has announced increased demand from multinational organisations and corporations in the Asia Pacific region (APAC).
Kyriba has doubled the number of clients in the region in the past 12 months as compared to the same period in Q3 last year, according to a statement.
This rapid growth is attributed to the need for global, real-time visibility of cash positions, and established expertise in international markets, giving APAC organisations the ability to expand their operations while facing market headwinds.
“We are rapidly growing in our key markets, Japan and Singapore, and we now have a stronger customer base in China and India, with additional traction in Malaysia and Indonesia,” said Kyriba managing director (APAC), JaeSon Kim.
“We are innovating solutions to unlock value for our clients, which puts them in a strategic position to grow even during times of global instability.”
Among notable multinationals which adopted Kyriba as part of their digital transformation objectives in 2019 include Isuzu Motors; DiDi and HAND (China); Uno Minda and Tech Mahindra (India); InstaReM (Singapore) and, Eisai and Suntory Beverage & Food (Japan).
Kyriba is attending C-Engage on Nov 26 in Singapore. Meet the team and learn more about how Kyriba is helping CFOs and CIOs with digital transformation in APAC. More information at www.kyriba.com.
-- BERNAMA
Kyriba has doubled the number of clients in the region in the past 12 months as compared to the same period in Q3 last year, according to a statement.
This rapid growth is attributed to the need for global, real-time visibility of cash positions, and established expertise in international markets, giving APAC organisations the ability to expand their operations while facing market headwinds.
“We are rapidly growing in our key markets, Japan and Singapore, and we now have a stronger customer base in China and India, with additional traction in Malaysia and Indonesia,” said Kyriba managing director (APAC), JaeSon Kim.
“We are innovating solutions to unlock value for our clients, which puts them in a strategic position to grow even during times of global instability.”
Among notable multinationals which adopted Kyriba as part of their digital transformation objectives in 2019 include Isuzu Motors; DiDi and HAND (China); Uno Minda and Tech Mahindra (India); InstaReM (Singapore) and, Eisai and Suntory Beverage & Food (Japan).
Kyriba is attending C-Engage on Nov 26 in Singapore. Meet the team and learn more about how Kyriba is helping CFOs and CIOs with digital transformation in APAC. More information at www.kyriba.com.
-- BERNAMA
Saturday, November 23, 2019
´World´s Best Electrician´ title goes to Australian Tom Matic
KUALA LUMPUR, Nov 22 -- IDEAL® Electrical has concluded its fourth annual IDEAL National Championship by crowning the first-ever International Champion at Disney’s® Coronado Springs Resort in Lake Buena Vista, Florida.
Tom Matic from Melbourne, Australia took home the title of ‘World’s Best Electrician’ and a brand new RAM® 1500 Pickup Truck.
Matic won after competing against professional electricians from the United States (US), Canada and China in an intense hour-long competition that required the competitors to complete four challenges – one reflecting each country’s unique electrical installation methods.
The inaugural international competition took place following three days of competition, including Professional, Student/Apprentice, Contractor and School Challenge categories.
Reigning two-time Professional Individual Champion and two-time Professional Team Champion, Greg Anliker, proved he was still at the top of his game, taking home his third Professional Individual Champion title and US$75,000. (US$1 = RM4.17)
Jordan Finfrock from Flatwoods, Kentucky took the top spot in the Student/Apprentice Individual category with a prize of US$30,000.
Kellenberger Electric’s Clay Noga and Keith Runkle (Kellenberger 2) clinched first place for the Contractor Challenge while Minneapolis JATC’s Angela Bissonnette-Penna and Jacob Thoennes earned first place in the North American School Challenge.
About four years ago, IDEAL Electrical established the IDEAL National (US) Championship to showcase the skills and professionalism of today’s electricians.
-- BERNAMA
Tom Matic from Melbourne, Australia took home the title of ‘World’s Best Electrician’ and a brand new RAM® 1500 Pickup Truck.
Matic won after competing against professional electricians from the United States (US), Canada and China in an intense hour-long competition that required the competitors to complete four challenges – one reflecting each country’s unique electrical installation methods.
The inaugural international competition took place following three days of competition, including Professional, Student/Apprentice, Contractor and School Challenge categories.
Reigning two-time Professional Individual Champion and two-time Professional Team Champion, Greg Anliker, proved he was still at the top of his game, taking home his third Professional Individual Champion title and US$75,000. (US$1 = RM4.17)
Jordan Finfrock from Flatwoods, Kentucky took the top spot in the Student/Apprentice Individual category with a prize of US$30,000.
Kellenberger Electric’s Clay Noga and Keith Runkle (Kellenberger 2) clinched first place for the Contractor Challenge while Minneapolis JATC’s Angela Bissonnette-Penna and Jacob Thoennes earned first place in the North American School Challenge.
About four years ago, IDEAL Electrical established the IDEAL National (US) Championship to showcase the skills and professionalism of today’s electricians.
-- BERNAMA
AG&P MAKES STRATEGIC EQUITY INVESTMENT IN KANFER SHIPPING
SINGAPORE, Nov 15 (Bernama-BUSINESS WIRE) -- Atlantic Gulf & Pacific (AG&P), the global downstream gas and LNG logistics company, has made a strategic equity investment in Kanfer Shipping (Kanfer), an innovative Norway-based developer of small-scale LNG sea transportation, maritime break-bulk solutions, floating storage facilities as well as LNG bunkering. Together, Kanfer and AG&P will make LNG more accessible and commercially viable for downstream customers in new and growing natural gas markets.
This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20191114005321/en/
This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20191114005321/en/
AG&P makes a strategic investment in Norway-based Kanfer Shipping to make LNG more accessible and commercially viable for downstream customers. Kanfer has captured the attention of the global LNG maritime infrastructure industry with its revolutionary Detachable Stern Vessel (left), that makes it easier, faster, and more efficient to break-bulk and transport LNG. (Photo: Business Wire)
Kanfer has captured the attention of the global LNG maritime infrastructure industry with its patented, unique barge design that makes breaking bulk cargoes of LNG easier, faster and more efficient. Kanfer’s revolutionary small-scale solution uses the patented Detachable Stern Vessel (DSV) design to create an advanced version of the commonly used Articulated Tug Barge (ATB). Kanfer’s DSV efficiently transports LNG to and from an FSU, FSRU or land-based LNG terminals via a small and maneuverable barge that brings LNG to drop-points up rivers and along coasts.
Kanfer’s DSV distinguishes itself by easily navigating rivers and coastlines, including in poor weather conditions and difficult sea states, an improvement over traditional ATBs. Its shallow draft allows access to gas-starved downstream customers seeking a cleaner and lower cost fuel source by minimizing onerous marine infrastructure. These advantages enable new LNG service for smaller demand centers or for larger demand centers in places that are less accessible.
“AG&P’s goal is to bring LNG to new markets. One of the missing links has been the capability to break-bulk LNG affordably. Kanfer’s designs unlock these new markets and solve a critical gap in the LNG supply chain for nascent and growing markets. We are thus delighted to bring Kanfer Shipping into AG&P’s group of companies. Under Stig Hagen’s visionary leadership, Kanfer has brought new and exciting solutions to the maritime industry that provide a compelling alternative to traditional, capital-intensive onshore LNG facilities,” said Karthik Sathyamoorthy, President of LNG Terminals and Logistics at AG&P.
“We have worked long and hard at Kanfer to find a real solution to the LNG virtual pipeline – one that stands on its commercial and technical merits. Now, we are honored to be partnered with AG&P, a global trailblazer in LNG solutions and gas logistics. Together, we will reduce the cost of LNG infrastructure through Kanfer’s innovative solutions and provide a more robust solution to improve availability and accessibility. I am very excited about the possibilities,” said Stig Anders Hagen, Managing Partner at Kanfer Shipping.
“Kanfer will benefit from AG&P’s strong heritage in engineering and infrastructure construction, its deep technical experience and end-to-end execution capabilities in serving customers anywhere in the world,” Mr. Hagen added.
“AG&P has recognized the rapid and accelerating market shift to LNG as a primary fuel for land and marine applications. Three years ago, we invested in Gas Entec, the leading LNG terminal, bunkering and fuel system engineering company, and today in Kanfer Shipping to create a unique and compelling ecosystem for the development of LNG and gas delivery systems. Kanfer’s expertise complements and expands our passion for an integrated approach to LNG logistics and will enable us to reach new customers in Southeast Asia, the Caribbean and beyond,” said Jose P. Ibazeta, Director of AG&P.
Together, AG&P, Kanfer and partners will offer project owners and customers a fully integrated solution comprising:
Kanfer’s DSV distinguishes itself by easily navigating rivers and coastlines, including in poor weather conditions and difficult sea states, an improvement over traditional ATBs. Its shallow draft allows access to gas-starved downstream customers seeking a cleaner and lower cost fuel source by minimizing onerous marine infrastructure. These advantages enable new LNG service for smaller demand centers or for larger demand centers in places that are less accessible.
“AG&P’s goal is to bring LNG to new markets. One of the missing links has been the capability to break-bulk LNG affordably. Kanfer’s designs unlock these new markets and solve a critical gap in the LNG supply chain for nascent and growing markets. We are thus delighted to bring Kanfer Shipping into AG&P’s group of companies. Under Stig Hagen’s visionary leadership, Kanfer has brought new and exciting solutions to the maritime industry that provide a compelling alternative to traditional, capital-intensive onshore LNG facilities,” said Karthik Sathyamoorthy, President of LNG Terminals and Logistics at AG&P.
“We have worked long and hard at Kanfer to find a real solution to the LNG virtual pipeline – one that stands on its commercial and technical merits. Now, we are honored to be partnered with AG&P, a global trailblazer in LNG solutions and gas logistics. Together, we will reduce the cost of LNG infrastructure through Kanfer’s innovative solutions and provide a more robust solution to improve availability and accessibility. I am very excited about the possibilities,” said Stig Anders Hagen, Managing Partner at Kanfer Shipping.
“Kanfer will benefit from AG&P’s strong heritage in engineering and infrastructure construction, its deep technical experience and end-to-end execution capabilities in serving customers anywhere in the world,” Mr. Hagen added.
“AG&P has recognized the rapid and accelerating market shift to LNG as a primary fuel for land and marine applications. Three years ago, we invested in Gas Entec, the leading LNG terminal, bunkering and fuel system engineering company, and today in Kanfer Shipping to create a unique and compelling ecosystem for the development of LNG and gas delivery systems. Kanfer’s expertise complements and expands our passion for an integrated approach to LNG logistics and will enable us to reach new customers in Southeast Asia, the Caribbean and beyond,” said Jose P. Ibazeta, Director of AG&P.
Together, AG&P, Kanfer and partners will offer project owners and customers a fully integrated solution comprising:
- LNG supply;
- Large-scale LNG transportation;
- Large-scale Floating Storage (FSU);
- Small-scale LNG shipping for downstream distribution;
- Small-scale FSU;
- Onshore logistics and onsite infrastructure to provide reliable supply to downstream demand centers and
- A delivered cost to the customers’ doorstep.
Kanfer is already coordinating with global LNG companies to provide solutions to deliver LNG from FSUs to small demand centers or remote markets. It was announced earlier this year that ADNOC (Abu Dhabi National Oil Company) Shipping & Logistics are having a cooperation in the small-scale LNG segment with Kanfer. Later Japan’s INPEX CORPORATION also joined the cooperation. Customers value the Kanfer DSV’s full ocean-going capability, advanced sea state tolerance, flexibly sized storage, shallow draft and proven technology.
For hi-res images, click here.
For more information: www.agpglobal.com and www.kanfershipping.com
http://mrem.bernama.com/viewsm.php?idm=36134
For hi-res images, click here.
For more information: www.agpglobal.com and www.kanfershipping.com
http://mrem.bernama.com/viewsm.php?idm=36134
Thursday, November 21, 2019
ORBITAL INSIGHT ANNOUNCES $50 MILLION IN FUNDING TO SECURE GLOBAL 2000 MARKET LEADERSHIP
Invicta Growth, Bunge Ventures Ltd, Chevron Technology Ventures, Goldman Sachs, and Tech Pioneers Fund Join as Key Investors
PALO ALTO, Calif., Nov 13 (Bernama-GLOBE NEWSWIRE) -- Orbital Insight, the leader of the geospatial analytics software industry, announced today the completion of a $50 million Series D financing. The funding round was co-led by Sequoia Capital and Clearvision Ventures, with participation from new investors Invicta Growth, Bunge Ventures Ltd, Chevron Technology Ventures, Goldman Sachs, Tech Pioneers Fund, and others. Returning investors include GV, Geodesic Capital, SKY Perfect JSAT, Intellectus Partners, and Lux Capital. Orbital Insight has now secured over $125 million of funding from these world-class investors and is positioned to increase its enterprise software market share among global corporations.
The new capital raised will be used to accelerate product innovation and expansion of the company’s software solution, Orbital Insight GO, which today provides decision-making analytics powering greater profitability, operations, and policies with geospatial applications. Current use cases include supply chain monitoring, real estate analysis, infrastructure mapping, and defense and intelligence.
“Artificial Intelligence and Commercial Space are two of the most exciting and innovative areas of our time,” said Orbital Insight CEO and Founder Dr. James Crawford. “We’re proud and excited to be able to continue to bring them together to serve our mission of understanding what is happening on and to the Earth. We’re putting the power of geospatial analysis into our customers’ hands, allowing them to ask and answer their own questions about trends and events anywhere in the world.”
Since Orbital Insight’s Series C funding round in 2017, the company continues to expand its multi-source geospatial offering to include optical satellite imagery, synthetic aperture radar (SAR), drone and aerial imagery, location-based intelligence, connected devices, vessel tracking (AIS), and other forms of geospatial data. The company also hired a new CFO, Jim Cook, and a new SVP of Product, Jens Tellefsen. It also created a federal advisory board including former NGA Director Robert Cardillo and former USGIF CEO Keith Masback bringing world-class domain leadership and GEOINT expertise to Orbital Insight’s commercial and public sector offering.
In May 2019, the company launched its Orbital Insight GO platform in the American, European, and Asian markets, experiencing a surge of demand from clients seeking trusted geospatial data to quickly, accurately, and economically analyze infrastructure, supply chains, commodities, and areas of interest pertaining to national security. Orbital Insight has also entered into strategic partnerships with firms such as Airbus to co-develop powerful change analysis and insights for Airbus Defense and Intelligence customers. The product today is trusted by leading financial services firms, Global 2000 companies, several U.S. government agencies, and global non-profit organizations.
“It’s easy to take it for granted, but we are living in the era of remote sensing and artificial intelligence,” said Bill Coughran, a partner at Sequoia and Orbital Insight board member. “Orbital Insight has transformed technology previously reserved for specialized government agencies into mainstream software to optimize organizational operations, revenue, and policies.”
About Orbital Insight
Orbital Insight leverages AI and computer vision to analyze petabytes of multi-source geospatial data, including satellite and synthetic aperture radar (SAR) imagery, location intelligence, and vessel traffic (AIS) data, to help its clients understand what is happening on and to the Earth. By monitoring the world’s geopolitical and economic activities with unprecedented timeliness, Orbital Insight provides the best possible information to inform your organization’s revenue, operations, and policies. For more information, please visit orbitalinsight.com.
Contact:
Michael Lapides
press@orbitalinsight.com
SOURCE: Orbital Insight
--BERNAMA
PALO ALTO, Calif., Nov 13 (Bernama-GLOBE NEWSWIRE) -- Orbital Insight, the leader of the geospatial analytics software industry, announced today the completion of a $50 million Series D financing. The funding round was co-led by Sequoia Capital and Clearvision Ventures, with participation from new investors Invicta Growth, Bunge Ventures Ltd, Chevron Technology Ventures, Goldman Sachs, Tech Pioneers Fund, and others. Returning investors include GV, Geodesic Capital, SKY Perfect JSAT, Intellectus Partners, and Lux Capital. Orbital Insight has now secured over $125 million of funding from these world-class investors and is positioned to increase its enterprise software market share among global corporations.
The new capital raised will be used to accelerate product innovation and expansion of the company’s software solution, Orbital Insight GO, which today provides decision-making analytics powering greater profitability, operations, and policies with geospatial applications. Current use cases include supply chain monitoring, real estate analysis, infrastructure mapping, and defense and intelligence.
“Artificial Intelligence and Commercial Space are two of the most exciting and innovative areas of our time,” said Orbital Insight CEO and Founder Dr. James Crawford. “We’re proud and excited to be able to continue to bring them together to serve our mission of understanding what is happening on and to the Earth. We’re putting the power of geospatial analysis into our customers’ hands, allowing them to ask and answer their own questions about trends and events anywhere in the world.”
Since Orbital Insight’s Series C funding round in 2017, the company continues to expand its multi-source geospatial offering to include optical satellite imagery, synthetic aperture radar (SAR), drone and aerial imagery, location-based intelligence, connected devices, vessel tracking (AIS), and other forms of geospatial data. The company also hired a new CFO, Jim Cook, and a new SVP of Product, Jens Tellefsen. It also created a federal advisory board including former NGA Director Robert Cardillo and former USGIF CEO Keith Masback bringing world-class domain leadership and GEOINT expertise to Orbital Insight’s commercial and public sector offering.
In May 2019, the company launched its Orbital Insight GO platform in the American, European, and Asian markets, experiencing a surge of demand from clients seeking trusted geospatial data to quickly, accurately, and economically analyze infrastructure, supply chains, commodities, and areas of interest pertaining to national security. Orbital Insight has also entered into strategic partnerships with firms such as Airbus to co-develop powerful change analysis and insights for Airbus Defense and Intelligence customers. The product today is trusted by leading financial services firms, Global 2000 companies, several U.S. government agencies, and global non-profit organizations.
“It’s easy to take it for granted, but we are living in the era of remote sensing and artificial intelligence,” said Bill Coughran, a partner at Sequoia and Orbital Insight board member. “Orbital Insight has transformed technology previously reserved for specialized government agencies into mainstream software to optimize organizational operations, revenue, and policies.”
About Orbital Insight
Orbital Insight leverages AI and computer vision to analyze petabytes of multi-source geospatial data, including satellite and synthetic aperture radar (SAR) imagery, location intelligence, and vessel traffic (AIS) data, to help its clients understand what is happening on and to the Earth. By monitoring the world’s geopolitical and economic activities with unprecedented timeliness, Orbital Insight provides the best possible information to inform your organization’s revenue, operations, and policies. For more information, please visit orbitalinsight.com.
Contact:
Michael Lapides
press@orbitalinsight.com
SOURCE: Orbital Insight
--BERNAMA
Wednesday, November 20, 2019
aBey blockchain co-creator delivers keynote address at Malta Blockchain Summit 2019
KUALA LUMPUR, Nov 12 -- The aBey Foundation has released the full text and video of Dr Ciprian Pungila’s keynote address during the opening session of the two-day Malta Blockchain Summit 2019, beginning Nov 7.
Dr Pungila is co-creator of aBey blockchain technology and serves as chief scientist of the non-profit aBey Foundation which provides governance for the free open-sourced aBey blockchain.
In the speech, he addressed technological supremacy through high-performance blockchains, introducing innovative ways to empower blockchains through heterogeneous architectures and high-performance computation.
He also reviewed key facts about the aBey blockchain, saying, “aBey first saw the light of day in July 2018, and by the blockchain’s first anniversary had amassed more than 100,000 active users.”
Meanwhile, aBey Foundation endorses and offers grants for active and ongoing research efforts supporting the aBey blockchain’s development, with some of the research having been published by prestigious international publishers.
During the summit, aPay Systems demonstrated how to execute live transactions from the aPay blockchain to stored value China UnionPay, Visa and MasterCard card accounts, with reads and writes executed in fraction of a second, all underpinned by aBey blockchain technology.
The full text, and video of edited highlights of Dr Pungila’s keynote speech are available in English and Simplified Chinese at https://we.tl/t-Nyn2ILlzS6
-- BERNAMA
Dr Pungila is co-creator of aBey blockchain technology and serves as chief scientist of the non-profit aBey Foundation which provides governance for the free open-sourced aBey blockchain.
In the speech, he addressed technological supremacy through high-performance blockchains, introducing innovative ways to empower blockchains through heterogeneous architectures and high-performance computation.
He also reviewed key facts about the aBey blockchain, saying, “aBey first saw the light of day in July 2018, and by the blockchain’s first anniversary had amassed more than 100,000 active users.”
Meanwhile, aBey Foundation endorses and offers grants for active and ongoing research efforts supporting the aBey blockchain’s development, with some of the research having been published by prestigious international publishers.
During the summit, aPay Systems demonstrated how to execute live transactions from the aPay blockchain to stored value China UnionPay, Visa and MasterCard card accounts, with reads and writes executed in fraction of a second, all underpinned by aBey blockchain technology.
The full text, and video of edited highlights of Dr Pungila’s keynote speech are available in English and Simplified Chinese at https://we.tl/t-Nyn2ILlzS6
-- BERNAMA
Monday, November 18, 2019
BITCOIN.COM EXCHANGE PREPARES INITIAL LISTING OF UNIVERSAL PROTOCOL ALLIANCE MEGA-UTILITY TOKEN
Universal Protocol Token (UPT) to be Listed November 20th
SINGAPORE, Nov 12 (Bernama-BUSINESS WIRE) -- Bitcoin.com Exchange will provide an initial exchange listing to support the first interoperable mega-utility token, the Universal Protocol Token (UPT). UPT is backed by the Universal Protocol Alliance, a group of leading blockchain organizations including Cred, Bittrex Global, Uphold, Blockchain at Berkeley, CertiK and OmiseGO. Bitcoin.com Exchange supports the Universal Protocol Alliance and its mission to provide blockchain interoperability, mainstream consumer safeguards, and practical applications for blockchain that reduce the time, effort and cost for businesses and consumers as well as local governments.
“At Bitcoin.com Exchange we believe in tokens that tie communities and ecosystems together,” said David Shin, head of Bitcoin.com Exchange. “UPT is a perfect example of how an alliance of strong and active members can come together to create higher utility for its respective users. The very concrete and practical work the Alliance has done, the successful track record of its members, and the overarching mission of the Alliance aligns well with the key criteria we look for at the Bitcoin.com Exchange.”
In addition to listing UPT, Bitcoin.com Exchange will also be listing Universal Protocol Stablecoins, including the Universal Dollar (UPUSD), Universal Euro (UPEUR), in addition to an ERC-20 version of Bitcoin, the Universal Bitcoin (UPBTC). Bitcoin.com Exchange will also support interoperability between the Ethereum protocol and the Simple Ledger protocol, and work with UP to develop Universal Yen (UPYEN).
Founded in 2018 to accelerate mainstream adoption of blockchain technology, the Universal Protocol Alliance is committed to producing viable and pragmatic use cases that can benefit consumers, businesses, and governments globally. Many need innovative solutions to move digital assets seamlessly across disparate wallets, exchanges, and networks. In addition to the substantial contributions made by UP Alliance members, each member organization will integrate and incorporate UPT directly into their businesses, which will be announced soon by the UP Alliance.
“The early days of the internet were very similar to the world of blockchain today, with many different technology platforms fragmented and incapable of communicating with each other,” said JP Thieriot, co-founder of the UP Alliance and Uphold. “We believe that the Universal Protocol Platform is a technology that has the potential to connect blockchain technologies - much like the breakthrough of the TCP and IP protocols that drove the internet towards mass adoption.”
SINGAPORE, Nov 12 (Bernama-BUSINESS WIRE) -- Bitcoin.com Exchange will provide an initial exchange listing to support the first interoperable mega-utility token, the Universal Protocol Token (UPT). UPT is backed by the Universal Protocol Alliance, a group of leading blockchain organizations including Cred, Bittrex Global, Uphold, Blockchain at Berkeley, CertiK and OmiseGO. Bitcoin.com Exchange supports the Universal Protocol Alliance and its mission to provide blockchain interoperability, mainstream consumer safeguards, and practical applications for blockchain that reduce the time, effort and cost for businesses and consumers as well as local governments.
“At Bitcoin.com Exchange we believe in tokens that tie communities and ecosystems together,” said David Shin, head of Bitcoin.com Exchange. “UPT is a perfect example of how an alliance of strong and active members can come together to create higher utility for its respective users. The very concrete and practical work the Alliance has done, the successful track record of its members, and the overarching mission of the Alliance aligns well with the key criteria we look for at the Bitcoin.com Exchange.”
In addition to listing UPT, Bitcoin.com Exchange will also be listing Universal Protocol Stablecoins, including the Universal Dollar (UPUSD), Universal Euro (UPEUR), in addition to an ERC-20 version of Bitcoin, the Universal Bitcoin (UPBTC). Bitcoin.com Exchange will also support interoperability between the Ethereum protocol and the Simple Ledger protocol, and work with UP to develop Universal Yen (UPYEN).
Founded in 2018 to accelerate mainstream adoption of blockchain technology, the Universal Protocol Alliance is committed to producing viable and pragmatic use cases that can benefit consumers, businesses, and governments globally. Many need innovative solutions to move digital assets seamlessly across disparate wallets, exchanges, and networks. In addition to the substantial contributions made by UP Alliance members, each member organization will integrate and incorporate UPT directly into their businesses, which will be announced soon by the UP Alliance.
“The early days of the internet were very similar to the world of blockchain today, with many different technology platforms fragmented and incapable of communicating with each other,” said JP Thieriot, co-founder of the UP Alliance and Uphold. “We believe that the Universal Protocol Platform is a technology that has the potential to connect blockchain technologies - much like the breakthrough of the TCP and IP protocols that drove the internet towards mass adoption.”
Efinix® starts edge computing new era via Trion® T120 FPGAs
KUALA LUMPUR, Nov 13 -- Efinix®, an innovator in programmable product platforms and technologies has launched Trion® T120 FPGAs, kicking off a new era of edge computing and acceleration.
Trion T120 FPGAs features a small, high-density fabric, a hardened DDR memory controller and hardened MIPI CSI-2 and PHY interfaces.
Its low-power fabric delivers real programmability at the edge, while its dense architecture packs more compute power into a smaller footprint.
Efinix co-founder, chief executive officer and president, Sammy Cheung said: “We are at a pivotal moment for driving edge, compute and acceleration. T120 FPGAs are only at the beginning of the journey of where our Quantum architecture can take edge AI computing.
“We will continue to advance our programmable compute platforms, as the development of T200 samples are already underway.”
More details at https://www.efinixinc.com/
-- BERNAMA
Trion T120 FPGAs features a small, high-density fabric, a hardened DDR memory controller and hardened MIPI CSI-2 and PHY interfaces.
Its low-power fabric delivers real programmability at the edge, while its dense architecture packs more compute power into a smaller footprint.
Efinix co-founder, chief executive officer and president, Sammy Cheung said: “We are at a pivotal moment for driving edge, compute and acceleration. T120 FPGAs are only at the beginning of the journey of where our Quantum architecture can take edge AI computing.
“We will continue to advance our programmable compute platforms, as the development of T200 samples are already underway.”
More details at https://www.efinixinc.com/
-- BERNAMA
Sunday, November 17, 2019
SDP portrays legendary Japanese artist in 'HOKUSAI´ film
KUALA LUMPUR, Nov 12 -- SDP Inc will release the film, ‘HOKUSAI’, depicting the extraordinary life of globally famous Japanese artist Katsushika Hokusai in Japan by early summer next year.
In a statement, the film production company said ‘HOKUSAI’ would be released worldwide sequentially.
The film presents a new story with unique perspectives and interpretations by utilising historical materials. It depicts the famous artist based on episodes with two key persons, Tsutaya Juzaburo and Ryutei Tanehiko.
Yuya Yagira will play young and restless Hokusai while Min Tanaka is the enlightened Hokusai. Other talented Japanese actors and actresses will join the pair in this film.
Hokusai, who influenced western artists via his ukiyo-e artwork, played a prominent role in Japonism in 19th century Europe and had a significant impact on modern western arts.
He was named by Life magazine as one of ‘The 100 most important people of the past 1,000 years’. His masterpiece, ‘The Great Wave’ was sold for about US$1 million at an auction in New York in 2017. (US$1 = RM4.14)
Next year marks the 260th anniversary of Hokusai's birth. There will be a lot of events worldwide, showcasing Japanese culture, Hokusai's life and his artwork as a Japanese icon.
Watch ‘HOKUSAI’ English trailer at https://youtu.be/4moFBUZqswU and official website at https://hokusai2020.com
-- BERNAMA
In a statement, the film production company said ‘HOKUSAI’ would be released worldwide sequentially.
The film presents a new story with unique perspectives and interpretations by utilising historical materials. It depicts the famous artist based on episodes with two key persons, Tsutaya Juzaburo and Ryutei Tanehiko.
Yuya Yagira will play young and restless Hokusai while Min Tanaka is the enlightened Hokusai. Other talented Japanese actors and actresses will join the pair in this film.
Hokusai, who influenced western artists via his ukiyo-e artwork, played a prominent role in Japonism in 19th century Europe and had a significant impact on modern western arts.
He was named by Life magazine as one of ‘The 100 most important people of the past 1,000 years’. His masterpiece, ‘The Great Wave’ was sold for about US$1 million at an auction in New York in 2017. (US$1 = RM4.14)
Next year marks the 260th anniversary of Hokusai's birth. There will be a lot of events worldwide, showcasing Japanese culture, Hokusai's life and his artwork as a Japanese icon.
Watch ‘HOKUSAI’ English trailer at https://youtu.be/4moFBUZqswU and official website at https://hokusai2020.com
-- BERNAMA
Saturday, November 16, 2019
Mercari partners Buyee for crossborder sales to over 100 countries
KUALA LUMPUR, Nov 15 -- Mercari Inc has began offering crossborder sales to over 100 countries via the Mercari consumer-to-consumer (C2C) marketplace app in partnership with Buyee, a proxy service for crossborder e-commerce operated by a wholly owned subsidiary of BEENOS Inc.
Through partnership with Buyee, overseas users can browse and search items listed on Mercari in Japanese, English and Chinese (traditional and simplified), and purchase items using popular overseas payment methods such as PayPal, Alipay and UnionPay.
With its mission to create value in a global marketplace where anyone can buy and sell, the company develops and operates Mercari, a marketplace app through which individuals can buy and sell items easily and safely.
Mercari is Japan's largest C2C marketplace, with approximately 14 million monthly users, a gross merchandise value (GMV) of approximately 530.7 billion JPY, and a total of over 1.1 billion items listed to date. (100 JPY = RM3.82)
Offering crossborder sales will allow people overseas to purchase items from Mercari, instead of limiting this only to users in Japan, and Mercari expects this to lead to increased sales opportunities.
Mercari will continue looking for ways to provide a safe and secure marketplace globally and fulfill its mission to create value in a global marketplace where anyone can buy and sell. More information at https://www.mercari.com/jp.
-- BERNAMA
Through partnership with Buyee, overseas users can browse and search items listed on Mercari in Japanese, English and Chinese (traditional and simplified), and purchase items using popular overseas payment methods such as PayPal, Alipay and UnionPay.
With its mission to create value in a global marketplace where anyone can buy and sell, the company develops and operates Mercari, a marketplace app through which individuals can buy and sell items easily and safely.
Mercari is Japan's largest C2C marketplace, with approximately 14 million monthly users, a gross merchandise value (GMV) of approximately 530.7 billion JPY, and a total of over 1.1 billion items listed to date. (100 JPY = RM3.82)
Offering crossborder sales will allow people overseas to purchase items from Mercari, instead of limiting this only to users in Japan, and Mercari expects this to lead to increased sales opportunities.
Mercari will continue looking for ways to provide a safe and secure marketplace globally and fulfill its mission to create value in a global marketplace where anyone can buy and sell. More information at https://www.mercari.com/jp.
-- BERNAMA
3 EXHIBITIONS TO KICK OFF ON NOV. 16 AT MUSEUM OF CONTEMPORARY ART TOKYO, JUST REOPENED AFTER RENOVATION
TOKYO, Nov. 15, 2019 /Kyodo JBN-AsiaNet/--
The Museum of Contemporary Art Tokyo (MOT), which was reopened just this past spring after renovation, will hold three rotating exhibitions and an MOT collection exhibition simultaneously from Nov. 16 (Saturday).
(Images: https://kyodonewsprwire.jp/release/201911133429?p=images)
The first of the exhibitions is a solo exhibition, “Dumb Type - Actions + Reflections,” by Japan’s leading media artist group Dumb Type, which celebrates the 35th anniversary of its establishment this year. Dumb Type was formed in 1984 by multimedia performance artists consisting mainly of Kyoto City University of Arts students. The group attracted attention as a company with no hierarchy, with Teiji Furuhashi (1960-1995), a central figure in the group, and other members performing in collaboration among themselves while developing their own unique expressive activities.
The second is the “mina perhonen / minagawa akira TSUZUKU” exhibition which introduces the 25-year history of the fashion and textile brand “mina perhonen” established by Japanese designer Akira Minagawa. After starting with fashion, the brand’s activities gradually expanded to cover life in general, including interior, tableware, and spatial design, and made many proposals to bring “joy” to various aspects of people’s daily lives through design.
The third is “MOT Annual,” a group exhibition that seeks to invite inquiries and discussions by focusing on one aspect of contemporary art. “MOT Annual 2019 Echo after Echo: Summoned Voices, New Shadows,” the 15th installment of the exhibition at the MOT, addresses the fundamental question about “Why do people make things?” together with artists expressing themselves in tune with existing domains like image, language, history, material and so on.
Along with the three exhibitions, the Museum of Contemporary Art Tokyo displays “MOT Collection Part 3: Present Day and in Times Past - Multiple Perspectives,” its superb collection to commemorate its reopening after renovation.
Exhibition period: Nov. 16 (Sat), 2019-Feb. 16 (Sun), 2020
Closed: Mondays (but open on Jan. 13, 2020), Dec. 28, 2019-Jan. 1, 2020, and Jan. 14, 2020.
Opening hours: 10:00-18:00 (last entry 30 minutes before closing)
The Museum of Contemporary Art Tokyo (4-1-1 Miyoshi, Koto-ku, Tokyo 135-0022 Japan)
https://www.mot-art-museum.jp/en/
SOURCE: Museum of Contemporary Art Tokyo
http://mrem.bernama.com/viewsm.php?idm=36141
The Museum of Contemporary Art Tokyo (MOT), which was reopened just this past spring after renovation, will hold three rotating exhibitions and an MOT collection exhibition simultaneously from Nov. 16 (Saturday).
(Images: https://kyodonewsprwire.jp/release/201911133429?p=images)
The first of the exhibitions is a solo exhibition, “Dumb Type - Actions + Reflections,” by Japan’s leading media artist group Dumb Type, which celebrates the 35th anniversary of its establishment this year. Dumb Type was formed in 1984 by multimedia performance artists consisting mainly of Kyoto City University of Arts students. The group attracted attention as a company with no hierarchy, with Teiji Furuhashi (1960-1995), a central figure in the group, and other members performing in collaboration among themselves while developing their own unique expressive activities.
The second is the “mina perhonen / minagawa akira TSUZUKU” exhibition which introduces the 25-year history of the fashion and textile brand “mina perhonen” established by Japanese designer Akira Minagawa. After starting with fashion, the brand’s activities gradually expanded to cover life in general, including interior, tableware, and spatial design, and made many proposals to bring “joy” to various aspects of people’s daily lives through design.
The third is “MOT Annual,” a group exhibition that seeks to invite inquiries and discussions by focusing on one aspect of contemporary art. “MOT Annual 2019 Echo after Echo: Summoned Voices, New Shadows,” the 15th installment of the exhibition at the MOT, addresses the fundamental question about “Why do people make things?” together with artists expressing themselves in tune with existing domains like image, language, history, material and so on.
Along with the three exhibitions, the Museum of Contemporary Art Tokyo displays “MOT Collection Part 3: Present Day and in Times Past - Multiple Perspectives,” its superb collection to commemorate its reopening after renovation.
Exhibition period: Nov. 16 (Sat), 2019-Feb. 16 (Sun), 2020
Closed: Mondays (but open on Jan. 13, 2020), Dec. 28, 2019-Jan. 1, 2020, and Jan. 14, 2020.
Opening hours: 10:00-18:00 (last entry 30 minutes before closing)
The Museum of Contemporary Art Tokyo (4-1-1 Miyoshi, Koto-ku, Tokyo 135-0022 Japan)
https://www.mot-art-museum.jp/en/
SOURCE: Museum of Contemporary Art Tokyo
http://mrem.bernama.com/viewsm.php?idm=36141
IMPERIAL CAPITAL HIRES MARK GREEN AS HEAD OF SPECIAL SITUATIONS & STRUCTURED CREDIT
LOS ANGELES, Nov 15 (Bernama-GLOBE NEWSWIRE) -- Imperial Capital, LLC (“Imperial Capital”), today announced that Mark Green has joined the firm as the Head of Special Situations and Structured Credit. Based in New York, Mr. Green will be responsible for expanding Imperial Capital’s credit sales, trading and investment banking efforts further through credit event-driven situations, structuring expertise and investment strategies designed to allow clients to develop valuable solutions to issues they face and benefit from market opportunities across a range of asset classes.
“Mark has an exceptional track record of investing, leading teams and building businesses, and we are excited to have him join our firm. Structured credit is an important strategic priority and Mark brings with him strong transaction experience, client relationships, and is the right partner to drive growth. Having worked with him in the past, I know he will bring a new competitive edge and expand our credit capabilities for clients,” said Tim Sullivan, Head of US Credit.
Mr. Green said, “I am thrilled to join Imperial Capital and grateful for the opportunity to lead this business. The firm is well positioned to expand its capabilities and I look forward to providing innovative and strategic solutions to clients while pursuing attractive risk adjusted returns for Imperial Capital’s current and future investors.”
Prior to joining Imperial Capital, Mr. Green was the Managing Partner and Chief Investment Officer of Chatham Road Capital, a credit-focused investment firm he co-founded that exploited market imbalances and inefficiencies in the public and private markets. Prior to the formation of Chatham Road Capital, Mr. Green served as a Managing Director at Leucadia National Corporation, where he managed Leucadia’s real estate principal and special situations investment activities. In addition, Mr. Green headed the original build out of Jefferies Group’s (a subsidiary of Leucadia) CRE platform and was integral in the formation of Jefferies LoanCore, LLC, a broad-based finance company, that originated commercial real estate debt-related products throughout the US and UK.
Prior to joining Leucadia and Jefferies, Mr. Green served as a senior executive in the real estate groups of UBS, Eurohypo AG and CIBC World Markets and also held positions at The Blackstone Group and Ernst & Young.
Mr. Green earned an MBA from Columbia Business School and a BS degree from Skidmore College.
About Imperial Capital, LLC
Imperial Capital, LLC is a full-service investment bank offering a uniquely integrated platform of comprehensive services to institutional investors and middle market companies. We offer sophisticated sales and trading services to institutional investors and a wide range of investment banking advisory, capital markets and restructuring services to middle market corporate clients. Paired with our proprietary research and sales & trading desk analysis, we provide investment analysis across an issuer's capital structure, including bank loans, debt securities, the hybrid/bank capital marketplace (through our ELP Framework), post-reorganization equities, special situations claims and listed and unlisted equities. Our comprehensive and integrated service platform, expertise across the global capital structure, and deep industry sector knowledge enable us to provide clients with research driven ideas, superior advisory services, and trade execution. We are quick to identify opportunities under any market conditions and we have a proven track record of offering creative, proprietary solutions to our clients. Imperial Capital, LLC has three principal businesses: Investment Banking, Institutional Sales & Trading and Institutional Research. More information about Imperial Capital, LLC can be found at www.imperialcapital.com.
For more information regarding Imperial Capital, please contact:
Mark Martis
+1 310 246 3674
mmartis@imperialcapital.com
About Imperial Capital (International), LLP
Imperial Capital International, founded in 2011, is an affiliate of Imperial Capital, LLC with an office in central London. Complementing Imperial Capital’s existing corporate credit sales and trading franchise, Imperial Capital International expanded the Imperial Capital franchise into the EEA. The company focuses on the entire credit spectrum and takes a full capital structure research approach to supplement sales and trading services to its European institutional clients.
For more information regarding Imperial Capital (International), LLP, please contact:
Emma McClintock
+ 44 (0) 207 650 5429
emcclintock@imperialcapital.com
Source: Imperial Capital, LLC
http://mrem.bernama.com/viewsm.php?idm=36139
“Mark has an exceptional track record of investing, leading teams and building businesses, and we are excited to have him join our firm. Structured credit is an important strategic priority and Mark brings with him strong transaction experience, client relationships, and is the right partner to drive growth. Having worked with him in the past, I know he will bring a new competitive edge and expand our credit capabilities for clients,” said Tim Sullivan, Head of US Credit.
Mr. Green said, “I am thrilled to join Imperial Capital and grateful for the opportunity to lead this business. The firm is well positioned to expand its capabilities and I look forward to providing innovative and strategic solutions to clients while pursuing attractive risk adjusted returns for Imperial Capital’s current and future investors.”
Prior to joining Imperial Capital, Mr. Green was the Managing Partner and Chief Investment Officer of Chatham Road Capital, a credit-focused investment firm he co-founded that exploited market imbalances and inefficiencies in the public and private markets. Prior to the formation of Chatham Road Capital, Mr. Green served as a Managing Director at Leucadia National Corporation, where he managed Leucadia’s real estate principal and special situations investment activities. In addition, Mr. Green headed the original build out of Jefferies Group’s (a subsidiary of Leucadia) CRE platform and was integral in the formation of Jefferies LoanCore, LLC, a broad-based finance company, that originated commercial real estate debt-related products throughout the US and UK.
Prior to joining Leucadia and Jefferies, Mr. Green served as a senior executive in the real estate groups of UBS, Eurohypo AG and CIBC World Markets and also held positions at The Blackstone Group and Ernst & Young.
Mr. Green earned an MBA from Columbia Business School and a BS degree from Skidmore College.
About Imperial Capital, LLC
Imperial Capital, LLC is a full-service investment bank offering a uniquely integrated platform of comprehensive services to institutional investors and middle market companies. We offer sophisticated sales and trading services to institutional investors and a wide range of investment banking advisory, capital markets and restructuring services to middle market corporate clients. Paired with our proprietary research and sales & trading desk analysis, we provide investment analysis across an issuer's capital structure, including bank loans, debt securities, the hybrid/bank capital marketplace (through our ELP Framework), post-reorganization equities, special situations claims and listed and unlisted equities. Our comprehensive and integrated service platform, expertise across the global capital structure, and deep industry sector knowledge enable us to provide clients with research driven ideas, superior advisory services, and trade execution. We are quick to identify opportunities under any market conditions and we have a proven track record of offering creative, proprietary solutions to our clients. Imperial Capital, LLC has three principal businesses: Investment Banking, Institutional Sales & Trading and Institutional Research. More information about Imperial Capital, LLC can be found at www.imperialcapital.com.
For more information regarding Imperial Capital, please contact:
Mark Martis
+1 310 246 3674
mmartis@imperialcapital.com
About Imperial Capital (International), LLP
Imperial Capital International, founded in 2011, is an affiliate of Imperial Capital, LLC with an office in central London. Complementing Imperial Capital’s existing corporate credit sales and trading franchise, Imperial Capital International expanded the Imperial Capital franchise into the EEA. The company focuses on the entire credit spectrum and takes a full capital structure research approach to supplement sales and trading services to its European institutional clients.
For more information regarding Imperial Capital (International), LLP, please contact:
Emma McClintock
+ 44 (0) 207 650 5429
emcclintock@imperialcapital.com
Source: Imperial Capital, LLC
http://mrem.bernama.com/viewsm.php?idm=36139
Friday, November 15, 2019
DHI Telecom acquires Yogofi, gains instant growth in Asia
KUALA LUMPUR, Nov 14 -- Houston-based DHI Telecom has acquired Singapore-based Yogofi, a high-performing startup in advanced mobile Wi-Fi, for global business and leisure travel.
This acquisition allows DHI to gain instant growth in Asia and an ideal synergy with technology, a statement said.
Yogofi operates virtual SIM platforms for more than 16,000 mobile devices with customers, including travel agencies, co-working spaces and global MNCs.
Its top mobile data markets are Europe, Japan, Singapore, the United States (US) and South Korea. The company clinched a space in the TOP100 Startups in Echelon Asia Summit 2019.
“We picked Yogofi for their incredible growth in the Asian mobile data market and their cloud-based virtual SIM platform. Yogofi’s B2C travel agency network in Asia is an ideal fit for our portfolio,” said DHI Telecom chief executive officer, Wallace Davis.
Yogofi is DHI’s fourth strategic acquisition in 12 months. The first being London-based Tep Wireless in Q4 2018, which immediately expanded DHI’s market with the US and UK business and leisure travellers.
DHI Telecom delivers advanced technical solutions in both private and public sectors, including fiber-optic lines, satellite uplinks, mobile Wi-Fi hotspots and commercial Internet. More information at https://www.dhitelecom.com.
-- BERNAMA
Thursday, November 14, 2019
Northern Trust, BondEvalue deliver fractionalised bond ownership via blockchain
KUALA LUMPUR, Nov 13 -- Northern Trust and BondEvalue have entered into a strategic partnership to deliver integrated asset servicing and digital solutions for fractional ownership of fixed income bonds.
The memorandum of understanding between both companies was signed on Nov 5.
BondEvalue’s regulated platform will facilitate trading of fractionalised investable assets based on wholesale bonds, while Northern Trust will be its exclusive asset servicing provider.
BondEvalue’s platform combines the power of blockchain-based distributed ledger technology to enable enhanced transparency and liquidity, while making institutional grade investment opportunities available to new classes of investors.
This partnership follows the recent news that the BondEvalue platform had been granted permission to enter the Monetary Authority of Singapore’s Sandbox Express to launch its blockchain-based bond exchange.
Northern Trust country executive (Southeast Asia), Yen Leng Ong said: “Singapore has an advanced regulatory framework which enables the establishment of our relationship with BondEvalue.
“The partnership is a further step in our blockchain technology capability buildout for Asia-Pacific. And this marks a significant milestone for the Singapore branch, as Northern Trust’s regional headquarters.”
-- BERNAMA
The memorandum of understanding between both companies was signed on Nov 5.
BondEvalue’s regulated platform will facilitate trading of fractionalised investable assets based on wholesale bonds, while Northern Trust will be its exclusive asset servicing provider.
BondEvalue’s platform combines the power of blockchain-based distributed ledger technology to enable enhanced transparency and liquidity, while making institutional grade investment opportunities available to new classes of investors.
This partnership follows the recent news that the BondEvalue platform had been granted permission to enter the Monetary Authority of Singapore’s Sandbox Express to launch its blockchain-based bond exchange.
Northern Trust country executive (Southeast Asia), Yen Leng Ong said: “Singapore has an advanced regulatory framework which enables the establishment of our relationship with BondEvalue.
“The partnership is a further step in our blockchain technology capability buildout for Asia-Pacific. And this marks a significant milestone for the Singapore branch, as Northern Trust’s regional headquarters.”
-- BERNAMA
Wednesday, November 13, 2019
Ceylon Graphite subsidiary receives Environmental Protection License for Sri Lanka project
KUALA LUMPUR, Nov 12 -- Ceylon Graphite Corp (Ceylon Graphite) has announced its wholly owned subsidiary, Sarcon Development (Pvt) Ltd (Sarcon) was granted an Environmental Protection License (EPL) for its K1 Graphite Mining Project at Karasnagla, Sri Lanka.
The License from the Central Environmental Authority bearing No 17501 (R0) dated Oct 14 under provisions of the National Environmental Act 47 of 1980 and amended by Acts No 56 of 1988 and No 53 of 2000, of the Government of Sri Lanka.
“Sarcon looks forward to working closely with the CEA and other Government Departments in Sri Lanka with the aim of being environmentally conscious and abiding with all the rules set by the authorities as our business grows,” said chief executive officer, Bharat Parashar.
The CEA is the Environmental Regulator in Sri Lanka and was established by an Act of Parliament, according to a statement.
The company also announced that a subsidiary of Sarcon, BPA Lanka (Private) Ltd has purchased land next to the K1 project that will allow the company to construct an adit from the main shaft.
In the same statement, the company also announced its director, George Smitherman’s resignation.
More information at https://www.ceylongraphite.com.
-- BERNAMA
The License from the Central Environmental Authority bearing No 17501 (R0) dated Oct 14 under provisions of the National Environmental Act 47 of 1980 and amended by Acts No 56 of 1988 and No 53 of 2000, of the Government of Sri Lanka.
“Sarcon looks forward to working closely with the CEA and other Government Departments in Sri Lanka with the aim of being environmentally conscious and abiding with all the rules set by the authorities as our business grows,” said chief executive officer, Bharat Parashar.
The CEA is the Environmental Regulator in Sri Lanka and was established by an Act of Parliament, according to a statement.
The company also announced that a subsidiary of Sarcon, BPA Lanka (Private) Ltd has purchased land next to the K1 project that will allow the company to construct an adit from the main shaft.
In the same statement, the company also announced its director, George Smitherman’s resignation.
More information at https://www.ceylongraphite.com.
-- BERNAMA
SEF registration acquisition by Tassat approved by CFTC
KUALA LUMPUR, Nov 11 -- Tassat Group LLC, a New York-based global financial technology company announced that the CFTC has approved its acquisition of a Swap Execution Facility (SEF) registration.
The transfer of the SEF registration was effective Nov 6.
With this transfer approval, Tassat will proceed to list its first cryptocurrency derivative product, an institutional-focused, margined, physically-deliverable Bitcoin swap.
This derivative contract will be listed on its own SEF registered as Tassat Derivatives LLC, a wholly owned subsidiary of Tassat Group LLC.
Tassat will provide additional details about its Bitcoin swap contract, the development of its exchange and announce a formal launch date in the near future.
Shortly after the initial launch, Tassat plans to introduce additional eligible contract participants (ECP)-focused workflows including Request for Quote and block trading functionality.
Tassat will join the CME and Bakkt in being among the first US venues to offer CFTC-regulated cryptocurrency derivative products.
Thereafter, Tassat plans to introduce additional derivative products, encompassing a range of underlying assets, durations and contract types to meet the needs of a wider range of institutional participants. More details at https://www.tassat.com/
-- BERNAMA
The transfer of the SEF registration was effective Nov 6.
With this transfer approval, Tassat will proceed to list its first cryptocurrency derivative product, an institutional-focused, margined, physically-deliverable Bitcoin swap.
This derivative contract will be listed on its own SEF registered as Tassat Derivatives LLC, a wholly owned subsidiary of Tassat Group LLC.
Tassat will provide additional details about its Bitcoin swap contract, the development of its exchange and announce a formal launch date in the near future.
Shortly after the initial launch, Tassat plans to introduce additional eligible contract participants (ECP)-focused workflows including Request for Quote and block trading functionality.
Tassat will join the CME and Bakkt in being among the first US venues to offer CFTC-regulated cryptocurrency derivative products.
Thereafter, Tassat plans to introduce additional derivative products, encompassing a range of underlying assets, durations and contract types to meet the needs of a wider range of institutional participants. More details at https://www.tassat.com/
-- BERNAMA
Saturday, November 9, 2019
Rob Orgel is appointed Flywire president, COO
KUALA LUMPUR, Nov 6 -- Flywire, a global payment solutions provider has appointed Rob Orgel as president and chief operating officer (COO), reporting to chief executive officer, Mike Massaro.
In the role, Orgel will oversee the company’s global payment network, business operations, finance, legal, compliance and corporate strategy and development.
Orgel brings an unrivalled view of the payments/receivables ecosystem to Flywire, including hands-on experience in legal, compliance, finance, go-to-market, business development and global operations.
Before joining Flywire, he spent close to a decade at Apple where he was part of the leadership team that developed, launched and grew the Apple Pay business.
Today, Apple Pay is available in 49 countries and has processed over 10 billion transactions. Most recently, Orgel was involved in the launch of the new Apple Card, now viewed as one of the most successful ever for a credit card.
“It’s an incredibly exciting time to be joining a company on the fast track like Flywire where every day and every decision matters,” said Orgel.
“Mike and the rest of the team have created tremendous success and momentum and I’m looking forward to doing my part to help the company accelerate its growth and expand its impact in the payments ecosystem.”
-- BERNAMA
In the role, Orgel will oversee the company’s global payment network, business operations, finance, legal, compliance and corporate strategy and development.
Orgel brings an unrivalled view of the payments/receivables ecosystem to Flywire, including hands-on experience in legal, compliance, finance, go-to-market, business development and global operations.
Before joining Flywire, he spent close to a decade at Apple where he was part of the leadership team that developed, launched and grew the Apple Pay business.
Today, Apple Pay is available in 49 countries and has processed over 10 billion transactions. Most recently, Orgel was involved in the launch of the new Apple Card, now viewed as one of the most successful ever for a credit card.
“It’s an incredibly exciting time to be joining a company on the fast track like Flywire where every day and every decision matters,” said Orgel.
“Mike and the rest of the team have created tremendous success and momentum and I’m looking forward to doing my part to help the company accelerate its growth and expand its impact in the payments ecosystem.”
-- BERNAMA
Friday, November 8, 2019
OKEx launches USDT Futures Trading
KUALA LUMPUR, Nov 5 -- OKEx, the world’s largest futures cryptocurrency exchange has launched USDT Futures Trading, a linear futures contract.
OKEx provides a wider derivative portfolio with a greater variety of underlying currencies and more comprehensive functionality to meet users’ trading requirements.
Served as a virtual derivative product that is quoted and settled in USDT, each contract has a face value of a fixed amount of digital tokens.
Traders can long or short a position to profit from the increase or decline of a cryptocurrency’s price respectively.
With round-the-clock trading hours and daily settlement, users can also trade without the hassle of switching between cryptocurrencies.
“Most of the time, users are not willing to hold altcoins as margin, and they also see inverse contracts itself are complicated to understand. We see this linear contract would be an open door to many new retail traders,” said OKEx financial market director, Lennix Lai.
More details at https://www.okex.com/
-- BERNAMA
OKEx provides a wider derivative portfolio with a greater variety of underlying currencies and more comprehensive functionality to meet users’ trading requirements.
Served as a virtual derivative product that is quoted and settled in USDT, each contract has a face value of a fixed amount of digital tokens.
Traders can long or short a position to profit from the increase or decline of a cryptocurrency’s price respectively.
With round-the-clock trading hours and daily settlement, users can also trade without the hassle of switching between cryptocurrencies.
“Most of the time, users are not willing to hold altcoins as margin, and they also see inverse contracts itself are complicated to understand. We see this linear contract would be an open door to many new retail traders,” said OKEx financial market director, Lennix Lai.
More details at https://www.okex.com/
-- BERNAMA
Exclusive Alzheimer´s disease mouse model launched - Taconic Biosciences
KUALA LUMPUR, Nov 5 -- Taconic Biosciences, a global leader in providing drug discovery animal model solutions has launched a new Alzheimer’s disease model, the ARTE10 mouse model.
Exclusively available from Taconic, the ARTE10 is a transgenic mouse model expressing mutant human APP and PS1 genes, according to a statement.
This combination manifests in early onset of amyloid plaques, with downstream cognitive deficits commonly associated with Alzheimer’s disease.
“Offering such a key model through a simple use licence with no agreement to sign, no licence fees and no third-party intellectual property licences required, underscores Taconic’s commitment to empowering drug discovery researchers,” said Taconic commercial products vice-president, Dr Michael Seiler.
The plaques formed in the ARTE10 model are particularly suitable for PET imaging, making ARTE10 valuable for translational research.
Taconic offers this and other Alzheimer's disease models under a simple use licence without a licence fee, making it easily available for commercial use, including contract research as the ARTE10 model is immediately available in typical study quantities.
More information at https://www.taconic.com.
-- BERNAMA
Exclusively available from Taconic, the ARTE10 is a transgenic mouse model expressing mutant human APP and PS1 genes, according to a statement.
This combination manifests in early onset of amyloid plaques, with downstream cognitive deficits commonly associated with Alzheimer’s disease.
“Offering such a key model through a simple use licence with no agreement to sign, no licence fees and no third-party intellectual property licences required, underscores Taconic’s commitment to empowering drug discovery researchers,” said Taconic commercial products vice-president, Dr Michael Seiler.
The plaques formed in the ARTE10 model are particularly suitable for PET imaging, making ARTE10 valuable for translational research.
Taconic offers this and other Alzheimer's disease models under a simple use licence without a licence fee, making it easily available for commercial use, including contract research as the ARTE10 model is immediately available in typical study quantities.
More information at https://www.taconic.com.
-- BERNAMA
Thursday, November 7, 2019
JUMIO IDENTITY VERIFICATION REALIZES BIG GAINS IN SPEED, ACCURACY, AND USER EXPERIENCE FROM THE COMPANY'S AI INVESTMENTS
Jumio Identity Verification more robust than ever due to innovations in AI, OCR and leading-edge biometrics
PALO ALTO, Calif., Nov 6 (Bernama-BUSINESS WIRE) -- Jumio, the leading AI-powered trusted identity as a service provider, today announced the results of its two-year focus on automation, enabled through a variety of AI, machine learning, OCR and biometric-based investments and innovations. This multi-pronged approach has resulted in dramatically faster and more accurate verifications as well as a more intuitive user experience.
Jumio has invested heavily in supervised machine-learning models, fed by massive datasets, which are steadily improving verification speed and helping Jumio spot fraud patterns much faster than legacy manual review processes. These investments were key to launching Jumio Go, the company’s new identity verification solution powered exclusively by AI, but have also dramatically improved Jumio’s current suite of identity verification and authentication solutions.
“We’re seeing across-the-board improvements in our ability to automate virtually every phase of the identity verification process, making our core solutions even faster, easier and more accurate for our customers and their end users,” said Labhesh Patel, Jumio CTO and chief scientist.
As a result of these innovations and investments, Jumio delivers the following tangible customer benefits:
- Faster Verification Time: Over the last year, Jumio has improved verification response times by more than 33% through its AI, machine learning and OCR improvements.
- Automation of the Identity Verification Process: About 90% of the company’s identity verification process is now automated through AI and machine learning. Verification experts are now only called to resolve transactions where the image quality of the ID document or selfie is poor (e.g., shot in bad lighting, too blurry or too much glare) and therefore require human review to make a definitive verification judgment.
- Ability for Users to Course Correct: Jumio is giving users the ability to course-correct using more than 15 specific rejection codes. The codes are used to help the end user complete their online journey, giving them a second chance to recapture the image and effectively course-correct which has improved conversion rates by 15% across Jumio’s customer base.
- Best-in-Class Certified Liveness Detection: Jumio is the only online identity verification solution on the market that has integrated certified liveness detection to prevent deepfakes, bots and advanced spoofing attacks. Jumio integrated FaceTec ZoOm, the first and only biometric technology solution to achieve Level-1 and Level-2 certification for NIST iBeta Presentation Attack Detection (PAD) testing.
- Streamlining the Cross-Device Journey: Jumio is one of a handful of solution providers that offers a genuine omnichannel experience which enables webcam users to continue the user journey on their mobile device simply by sending an SMS message or a QR code. After taking the photos on their mobile device, users can complete the journey on their computer. This option has increased online conversion rates of our webcam users by more than 10% across the Jumio customer base.
Jumio’s full suite of identity verification solutions have benefited from these technology enhancements. To learn more about these innovations please review our “What’s New at Jumio” page.
About Jumio
When identity matters, trust Jumio. Jumio’s mission is to make the internet a safer place by protecting the ecosystems of businesses through cutting-edge online identity verification and authentication services that quickly and accurately connect a person’s online and real-world identities. Jumio’s end-to-end identity verification solutions fight fraud, maintain compliance and onboard good customers faster.
Leveraging advanced technology including augmented intelligence, AI, biometrics, machine learning, certified 3D liveness detection and human review, Jumio helps organizations meet regulatory compliance including KYC, AML and GDPR and definitively establish the digital identity of their customers. Jumio has verified more than 200 million identities issued by over 200 countries and territories from real-time web and mobile transactions. Jumio’s solutions are used by leading companies in the financial services, sharing economy, digital currency, retail, travel and online gaming sectors. Based in Palo Alto, Jumio operates globally with offices in North America, Latin America, Europe and Asia Pacific and has been the recipient of numerous awards for innovation. For more information, please visit www.jumio.com.
http://mrem.bernama.com/viewsm.php?idm=36023
PALO ALTO, Calif., Nov 6 (Bernama-BUSINESS WIRE) -- Jumio, the leading AI-powered trusted identity as a service provider, today announced the results of its two-year focus on automation, enabled through a variety of AI, machine learning, OCR and biometric-based investments and innovations. This multi-pronged approach has resulted in dramatically faster and more accurate verifications as well as a more intuitive user experience.
Jumio has invested heavily in supervised machine-learning models, fed by massive datasets, which are steadily improving verification speed and helping Jumio spot fraud patterns much faster than legacy manual review processes. These investments were key to launching Jumio Go, the company’s new identity verification solution powered exclusively by AI, but have also dramatically improved Jumio’s current suite of identity verification and authentication solutions.
“We’re seeing across-the-board improvements in our ability to automate virtually every phase of the identity verification process, making our core solutions even faster, easier and more accurate for our customers and their end users,” said Labhesh Patel, Jumio CTO and chief scientist.
As a result of these innovations and investments, Jumio delivers the following tangible customer benefits:
- Faster Verification Time: Over the last year, Jumio has improved verification response times by more than 33% through its AI, machine learning and OCR improvements.
- Automation of the Identity Verification Process: About 90% of the company’s identity verification process is now automated through AI and machine learning. Verification experts are now only called to resolve transactions where the image quality of the ID document or selfie is poor (e.g., shot in bad lighting, too blurry or too much glare) and therefore require human review to make a definitive verification judgment.
- Ability for Users to Course Correct: Jumio is giving users the ability to course-correct using more than 15 specific rejection codes. The codes are used to help the end user complete their online journey, giving them a second chance to recapture the image and effectively course-correct which has improved conversion rates by 15% across Jumio’s customer base.
- Best-in-Class Certified Liveness Detection: Jumio is the only online identity verification solution on the market that has integrated certified liveness detection to prevent deepfakes, bots and advanced spoofing attacks. Jumio integrated FaceTec ZoOm, the first and only biometric technology solution to achieve Level-1 and Level-2 certification for NIST iBeta Presentation Attack Detection (PAD) testing.
- Streamlining the Cross-Device Journey: Jumio is one of a handful of solution providers that offers a genuine omnichannel experience which enables webcam users to continue the user journey on their mobile device simply by sending an SMS message or a QR code. After taking the photos on their mobile device, users can complete the journey on their computer. This option has increased online conversion rates of our webcam users by more than 10% across the Jumio customer base.
Jumio’s full suite of identity verification solutions have benefited from these technology enhancements. To learn more about these innovations please review our “What’s New at Jumio” page.
About Jumio
When identity matters, trust Jumio. Jumio’s mission is to make the internet a safer place by protecting the ecosystems of businesses through cutting-edge online identity verification and authentication services that quickly and accurately connect a person’s online and real-world identities. Jumio’s end-to-end identity verification solutions fight fraud, maintain compliance and onboard good customers faster.
Leveraging advanced technology including augmented intelligence, AI, biometrics, machine learning, certified 3D liveness detection and human review, Jumio helps organizations meet regulatory compliance including KYC, AML and GDPR and definitively establish the digital identity of their customers. Jumio has verified more than 200 million identities issued by over 200 countries and territories from real-time web and mobile transactions. Jumio’s solutions are used by leading companies in the financial services, sharing economy, digital currency, retail, travel and online gaming sectors. Based in Palo Alto, Jumio operates globally with offices in North America, Latin America, Europe and Asia Pacific and has been the recipient of numerous awards for innovation. For more information, please visit www.jumio.com.
http://mrem.bernama.com/viewsm.php?idm=36023
Sunday, November 3, 2019
Ground Labs, Thales partner for new data privacy, security solution
KUALA LUMPUR, Oct 29 -- Ground Labs, a sensitive data discovery expert announced a strategic partnership with Thales to bring a more seamless way for organisations to discover and remediate sensitive data.
The collaboration will create a unified solution that enables optimal data management and protection and supports requirements from evolving compliance regulations.
The regulations include the General Data Privacy Regulation, California Consumer Privacy Act, Payment Card Industry Data Security Standard and HIPAA.
“Our partnership with Thales will introduce a solution that eases complexity and saves time in securing sensitive data, promoting compliance with global, regional and local privacy and data regulations,” said Ground Labs chief revenue officer, Don Kaye.
“In turn, organisations will be able to rest assured that the best data management and protection tools are being applied to their most critical information.
“I believe this collaboration is a true testimony to the power and capability of Ground Labs’ technology, chosen by Thales to meet the needs of its customers and expand the capabilities of its industry-leading technology.”
-- BERNAMA
The collaboration will create a unified solution that enables optimal data management and protection and supports requirements from evolving compliance regulations.
The regulations include the General Data Privacy Regulation, California Consumer Privacy Act, Payment Card Industry Data Security Standard and HIPAA.
“Our partnership with Thales will introduce a solution that eases complexity and saves time in securing sensitive data, promoting compliance with global, regional and local privacy and data regulations,” said Ground Labs chief revenue officer, Don Kaye.
“In turn, organisations will be able to rest assured that the best data management and protection tools are being applied to their most critical information.
“I believe this collaboration is a true testimony to the power and capability of Ground Labs’ technology, chosen by Thales to meet the needs of its customers and expand the capabilities of its industry-leading technology.”
-- BERNAMA
Flywire offers Bank of America clients seamless cross-border transactions
KUALA LUMPUR, Oct 29 -- Flywire is providing Bank of America a new offering that streamlines the receipt of cross-border transactions, simplifies billing, payment and receipt process.
The offering for Bank of America clients is available immediately.
In addition to providing international customers with foreign exchange rate transparency, the new offering enables them to remit funds via local payment methods.
According to Bank of America global head (Transactional FX Trading) Mike Robertson, they extend to 140 currencies in over 150 countries by adding technological innovations and new trading and risk management solutions.
“By adding Flywire’s offering, our higher education and corporate clients will experience much less friction in processing cross-border transactions.”
Among the solution advantages are multilingual customer service localised by region; round-the-clock online tracking; faster payment processing and settlement to improve cash flow and fuel growth; and, expert knowledge and navigation of country-specific requirements and regulations.
This year, total cross-border remittances will exceed US$22 trillion and are forecasted to increase to over US$25 trillion by 2025. Despite this growth, many organisations struggle with the cost and complexity of these transactions. (US$1 = RM4.18)
-- BERNAMA
The offering for Bank of America clients is available immediately.
In addition to providing international customers with foreign exchange rate transparency, the new offering enables them to remit funds via local payment methods.
According to Bank of America global head (Transactional FX Trading) Mike Robertson, they extend to 140 currencies in over 150 countries by adding technological innovations and new trading and risk management solutions.
“By adding Flywire’s offering, our higher education and corporate clients will experience much less friction in processing cross-border transactions.”
Among the solution advantages are multilingual customer service localised by region; round-the-clock online tracking; faster payment processing and settlement to improve cash flow and fuel growth; and, expert knowledge and navigation of country-specific requirements and regulations.
This year, total cross-border remittances will exceed US$22 trillion and are forecasted to increase to over US$25 trillion by 2025. Despite this growth, many organisations struggle with the cost and complexity of these transactions. (US$1 = RM4.18)
-- BERNAMA
Seaborn-Anova partnership provides ultra-low latency fibre connection for financial centres
KUALA LUMPUR, Oct 25 -- Seaborn Networks (Seaborn) and Anova Financial Networks (Anova) have formed a strategic alliance to provide the first ultra-low latency (ULL) fibre connection between the financial centres of São Paulo (Brazil) and Chicago (USA).
The partnership will enable ULL trading routes specifically for the financial vertical between the trading exchanges of Chicago and São Paulo.
The two networks will interconnect in Carteret, New Jersey, enabling a single market leading latency connection for those interested in either bandwidth or market data, according to a statement.
“This is a unique opportunity for the global financial industry to achieve the lowest latencies among the leading exchanges in North and South America,” said Seaborn chairman and chief executive officer, Larry Schwartz.
Customers will have the ability to contract either through Seaborn or Anova to receive the full benefit of this combined São Paulo, Brazil to Chicago, USA ultra-low latency route.
The alliance offers customers such benefits including consolidated capacity contracts and billing with industry-leading SLAs, newest network architecture with 100Gbps coherent technology and proprietary market leading ULL solutions for financial institutions.
Seaborn is a leading developer-owner-operator of transoceanic submarine fibre optic cable systems, while Anova is an international carrier and market data provider. More information at https://seabornnetworks.com.
-- BERNAMA
The partnership will enable ULL trading routes specifically for the financial vertical between the trading exchanges of Chicago and São Paulo.
The two networks will interconnect in Carteret, New Jersey, enabling a single market leading latency connection for those interested in either bandwidth or market data, according to a statement.
“This is a unique opportunity for the global financial industry to achieve the lowest latencies among the leading exchanges in North and South America,” said Seaborn chairman and chief executive officer, Larry Schwartz.
Customers will have the ability to contract either through Seaborn or Anova to receive the full benefit of this combined São Paulo, Brazil to Chicago, USA ultra-low latency route.
The alliance offers customers such benefits including consolidated capacity contracts and billing with industry-leading SLAs, newest network architecture with 100Gbps coherent technology and proprietary market leading ULL solutions for financial institutions.
Seaborn is a leading developer-owner-operator of transoceanic submarine fibre optic cable systems, while Anova is an international carrier and market data provider. More information at https://seabornnetworks.com.
-- BERNAMA
Saturday, November 2, 2019
ONDOT SYSTEMS INTRODUCES BREAKTHROUGH CARD APP® FOR CREDIT AND DEBIT ISSUERS
Card App enables issuers to offer personalized, real-time digital experiences, driving cardholder activity and engagement
Santa Clara, CA, Oct 29 (Bernama-GLOBE NEWSWIRE) -- Ondot Systems, the digital card services platform for credit and debit issuers, today announced Card App®, a first-of-its-kind white-label app that enables issuers to empower cardholders with in-the-moment convenience, control and transparency for their physical and virtual cards.
Ondot’s Card App enables any issuer to brand and deliver an Apple Card-like experience for its existing credit and debit card portfolios, including instant card signup, wallet provisioning, spending insights and easy self-service. Ondot already works with more than 4,000 financial institutions to provide mobile card controls and interactive alerts. Now, Card App puts all these features – and much more – in an app that financial institutions can deploy quickly.
Card App’s features reflect what consumers say they most want, and include the following:
Vaduvur Bharghavan, CEO of Ondot, said, “Payment cards are undergoing their biggest transformation in 50 years, driven by massive digital and AI investment from banks and tech giants. Card products like Apple Card are establishing the new normal for consumer experience – not just a few basic card features stuffed deep within a generic banking app, but cardholder experiences that anticipate consumer needs and guide consumer actions in moments that matter.”
According to Justin Olson, VP of Information Technology at Utah Community Credit Union, “Building these innovations in-house would require massive resources and budgets, but with Ondot, we can launch this in just weeks. Ondot is already pre-integrated into our processing rails and has the technology, regulatory and compliance programs we need.”
Integrating with mobile banking makes life easier for issuers and consumers
The Card App is linked to an issuer’s mobile banking app, and consumers can move seamlessly between Card App and mobile banking with just one sign-on. It is optimized around how people use their cards, so not only can issuers deliver innovation faster than trying to fit these features into their banking app roadmap, but they improve overall customer experience and satisfaction. And it works for everyone: iPhone or Android, debit or credit, Visa or Mastercard.
Tina Giorgio, president and CEO of ICBA Bancard, the payments services subsidiary of the Independent Community Bankers of America®, noted, “Customers regularly tell our clients that they prefer to bank with a community bank and expect the latest products that fit their digital lifestyle. Partnering with an innovative fintech that understands the importance of the user experience can help community banks further meet consumer expectations while growing and nurturing their important long-term customer relationships.”
Card App enables integrations across fintech, issuers and processors that deliver more value than any party can deliver independently, and unlocks partnerships for community issuers that might otherwise not easily be accessed. With Card App, issuers can take advantage of services from major third-party providers for identity verification, eKYC, financial wellness, merchant offers, merchant data and wallets.
According to company case studies, Card App does more than just provide a digital edge: it delivers a 25 percent lift in profitability of debit and credit card portfolios for regional and community issuers, driven by 23 percent increase in card usage and 25 percent reduction in operational costs – lower fraud, fewer service calls and reduced false chargebacks.
Those findings are mirrored by Olson from UCCU, “We have already seen an increase in card usage and reduction in fraud for enrolled cardholders. In just five months, over a quarter of our cardholders have enrolled in Ondot’s card controls. We expect to deliver even higher adoption with these new tools.”
To find out more about the Card App, visit www.ondotsystems.com or email info@ondotsystems.com.
About Ondot
Founded in 2011, Ondot provides more than 4,000 banks and credit unions with a digital card services platform that establishes the new standard for cardholder engagement – from community issuers to top global banks. Ondot enables card issuers to offer in-the-moment convenience with control and transparency for physical and virtual cards, leading to increased engagement and lifetime value. To learn more about Ondot Systems, visit www.ondotsystems.com.
Attachments
Santa Clara, CA, Oct 29 (Bernama-GLOBE NEWSWIRE) -- Ondot Systems, the digital card services platform for credit and debit issuers, today announced Card App®, a first-of-its-kind white-label app that enables issuers to empower cardholders with in-the-moment convenience, control and transparency for their physical and virtual cards.
Ondot’s Card App enables any issuer to brand and deliver an Apple Card-like experience for its existing credit and debit card portfolios, including instant card signup, wallet provisioning, spending insights and easy self-service. Ondot already works with more than 4,000 financial institutions to provide mobile card controls and interactive alerts. Now, Card App puts all these features – and much more – in an app that financial institutions can deploy quickly.
Card App’s features reflect what consumers say they most want, and include the following:
- Immediate card issuance: Apply for a card within the app and receive a digital card immediately.
- Mobile wallet integration: Add cards to a mobile wallet like Apple Pay and Google Pay with ease.
- Transaction clarity: See enriched transaction and merchant information – clean name, address, map, logo, contact, hours – no more cryptic, confusing, or incomplete descriptions.
- Self-Service at fingertips: Get to critical card operations instantly – report lost, set travel, initiate dispute, etc.
- Safety controls: Be safe, feel safe - turn a card on or off, limit the geographic area where a card will work, control ATM and online transactions, set limits, get instant notifications of purchases, etc.
- Spend insights: Help customers spend smarter by showing spend trends, manage card-on-file and recurring merchants, and monitor credit wellness and spending health.
Vaduvur Bharghavan, CEO of Ondot, said, “Payment cards are undergoing their biggest transformation in 50 years, driven by massive digital and AI investment from banks and tech giants. Card products like Apple Card are establishing the new normal for consumer experience – not just a few basic card features stuffed deep within a generic banking app, but cardholder experiences that anticipate consumer needs and guide consumer actions in moments that matter.”
According to Justin Olson, VP of Information Technology at Utah Community Credit Union, “Building these innovations in-house would require massive resources and budgets, but with Ondot, we can launch this in just weeks. Ondot is already pre-integrated into our processing rails and has the technology, regulatory and compliance programs we need.”
Integrating with mobile banking makes life easier for issuers and consumers
The Card App is linked to an issuer’s mobile banking app, and consumers can move seamlessly between Card App and mobile banking with just one sign-on. It is optimized around how people use their cards, so not only can issuers deliver innovation faster than trying to fit these features into their banking app roadmap, but they improve overall customer experience and satisfaction. And it works for everyone: iPhone or Android, debit or credit, Visa or Mastercard.
Tina Giorgio, president and CEO of ICBA Bancard, the payments services subsidiary of the Independent Community Bankers of America®, noted, “Customers regularly tell our clients that they prefer to bank with a community bank and expect the latest products that fit their digital lifestyle. Partnering with an innovative fintech that understands the importance of the user experience can help community banks further meet consumer expectations while growing and nurturing their important long-term customer relationships.”
Card App enables integrations across fintech, issuers and processors that deliver more value than any party can deliver independently, and unlocks partnerships for community issuers that might otherwise not easily be accessed. With Card App, issuers can take advantage of services from major third-party providers for identity verification, eKYC, financial wellness, merchant offers, merchant data and wallets.
According to company case studies, Card App does more than just provide a digital edge: it delivers a 25 percent lift in profitability of debit and credit card portfolios for regional and community issuers, driven by 23 percent increase in card usage and 25 percent reduction in operational costs – lower fraud, fewer service calls and reduced false chargebacks.
Those findings are mirrored by Olson from UCCU, “We have already seen an increase in card usage and reduction in fraud for enrolled cardholders. In just five months, over a quarter of our cardholders have enrolled in Ondot’s card controls. We expect to deliver even higher adoption with these new tools.”
To find out more about the Card App, visit www.ondotsystems.com or email info@ondotsystems.com.
About Ondot
Founded in 2011, Ondot provides more than 4,000 banks and credit unions with a digital card services platform that establishes the new standard for cardholder engagement – from community issuers to top global banks. Ondot enables card issuers to offer in-the-moment convenience with control and transparency for physical and virtual cards, leading to increased engagement and lifetime value. To learn more about Ondot Systems, visit www.ondotsystems.com.
Attachments
AM BEST BRIEFING AT SINGAPORE INTERNATIONAL REINSURANCE CONFERENCE TO FOCUS ON STATE OF ASIAN, GLOBAL REINSURANCE MARKETS
OLDWICK, N.J., Oct 29 (Bernama-BUSINESS WIRE) -- AM Best will present a market briefing on current conditions of Asian and global reinsurance markets at the 16th Singapore International Reinsurance Conference on Oct. 31, 2019, beginning at 2 p.m. (SGT), at the Sands Expo and Convention Centre at Marina Bay Sands in Singapore.
Senior executives from AM Best will conduct a panel discussion on their analysis and outlooks on the global reinsurance sector, as well as offer their opinions on the drivers of future rating movements. The session will include a look at insurance trends among primary Asia Pacific insurance companies and market segment outlooks. The session will include a look at insurance trends among primary Asia Pacific insurance companies and market segment outlooks. Participating on the panel are Greg Carter, managing director, analytics, Christie Lee, senior director, analytics, and Myles Gould, director, analytics. Scott Ryrie, co-chief executive officer, A.M. Best Asia-Pacific (Singapore) Pte Ltd., will moderate.
To register for the market briefing, please visit www.ambest.com/events/SIRC2019.
The Singapore International Reinsurance Conference, with a theme of “Winds of Change,” will focus on the changing dynamics of the reinsurance sector. AM Best also is a conference sponsor, providing broadcast support, and AMBestTV will make video coverage of the conference available. For executive interviews and commentaries, please visit www.ambest.tv during the conference and look for the playlist under the “Conferences 2019” tab. For more information about the event, which begins Oct. 29, please visit the event webpage.
http://mrem.bernama.com/viewsm.php?idm=35921
Senior executives from AM Best will conduct a panel discussion on their analysis and outlooks on the global reinsurance sector, as well as offer their opinions on the drivers of future rating movements. The session will include a look at insurance trends among primary Asia Pacific insurance companies and market segment outlooks. The session will include a look at insurance trends among primary Asia Pacific insurance companies and market segment outlooks. Participating on the panel are Greg Carter, managing director, analytics, Christie Lee, senior director, analytics, and Myles Gould, director, analytics. Scott Ryrie, co-chief executive officer, A.M. Best Asia-Pacific (Singapore) Pte Ltd., will moderate.
To register for the market briefing, please visit www.ambest.com/events/SIRC2019.
The Singapore International Reinsurance Conference, with a theme of “Winds of Change,” will focus on the changing dynamics of the reinsurance sector. AM Best also is a conference sponsor, providing broadcast support, and AMBestTV will make video coverage of the conference available. For executive interviews and commentaries, please visit www.ambest.tv during the conference and look for the playlist under the “Conferences 2019” tab. For more information about the event, which begins Oct. 29, please visit the event webpage.
http://mrem.bernama.com/viewsm.php?idm=35921
OTIP chooses FINEOS to manage group disability, life claims
KUALA LUMPUR, Oct 31 -- Not-for-profit organisation, Ontario Teachers Insurance Plan (OTIP) has selected FINEOS Corporation Limited to empower faster, easier and more efficient claims and payment processing for its group disability and life lines of business.
FINEOS Corporation will assist OTIP via its FINEOS Claims and FINEOS Payments.
FINEOS Claims is a best-in-class, customer-centric, web-based claims processing software solution which supports group, voluntary and individual claims on a single platform and can be deployed by carriers of all sizes.
On the other hand, FINEOS Payments is a powerful benefit calculation and disbursement module that integrates with FINEOS Claims, FINEOS Absence and FINEOS Provider to ensure accuracy and completeness while significantly reducing administrative costs.
When integrated with FINEOS Claims, FINEOS Payments also addresses medical rehabilitation services, inpatient care/invasive surgery, social security advocacy services and identification of beneficiaries on death benefit claims.
FINEOS is a market leader in core systems for life, accident and health insurance carriers globally with six over 10 group life and health carriers in the United States and Australia.
With employees and offices worldwide, FINEOS continues to scale rapidly, working with innovative progressive carriers in North America, Europe and Asia Pacific. More details on https://www.fineos.com/
-- BERNAMA
FINEOS Corporation will assist OTIP via its FINEOS Claims and FINEOS Payments.
FINEOS Claims is a best-in-class, customer-centric, web-based claims processing software solution which supports group, voluntary and individual claims on a single platform and can be deployed by carriers of all sizes.
On the other hand, FINEOS Payments is a powerful benefit calculation and disbursement module that integrates with FINEOS Claims, FINEOS Absence and FINEOS Provider to ensure accuracy and completeness while significantly reducing administrative costs.
When integrated with FINEOS Claims, FINEOS Payments also addresses medical rehabilitation services, inpatient care/invasive surgery, social security advocacy services and identification of beneficiaries on death benefit claims.
FINEOS is a market leader in core systems for life, accident and health insurance carriers globally with six over 10 group life and health carriers in the United States and Australia.
With employees and offices worldwide, FINEOS continues to scale rapidly, working with innovative progressive carriers in North America, Europe and Asia Pacific. More details on https://www.fineos.com/
-- BERNAMA
SYNCHRONOSS FINANCIAL ANALYTICS PLATFORM SELECTED BY RACKSPACE TO ACCURATELY VALIDATE EXPENSES AND INVOICES
BRIDGEWATER, N.J., Oct 31 (Bernama-GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (NASDAQ: SNCR), a global leader and innovator of cloud, messaging, digital and IoT products, today announced that Rackspace will use the Synchronoss Financial Analytics platform to manage costs, provide visibility and deliver savings by checking and validating the accuracy of its largest and most complex third party partner expenses and invoices.
The Synchronoss platform will use advanced analytics to evaluate the complex, large-scale invoices that Rackspace receives from its partners each month. Each invoice can contain complex large datasets, which the Synchronoss platform will automatically process to identify potential anomalies and errors in the data. The automated process will improve accuracy, and will also provide expense governance to enable Rackspace to promptly recoup misbilled charges on its largest expenses.
“Checking and validating the large and complex invoices we receive each month from our partners and suppliers is an operational challenge,” said Dustin Semach, Chief Financial Officer at Rackspace. “The Synchronoss platform is an important addition to our operational toolkit. The platform automatically captures and rapidly processes vast amounts of data at scale, then transforms that data into actionable insight.”
Synchronoss President and CEO Glenn Lurie said: “The Financial Analytics platform has already been used by some of the world’s largest service providers to validate the accuracy of their supplier billing and drive meaningful operational savings. Rackspace’s innovative use of the platform demonstrates its flexibility and underlines its value to large global enterprises looking to generate operational efficiency. This agreement also shows the significant progress that Synchronoss is making to broaden our reach and open up new opportunities for our products and technologies outside our established TMT footprint.”
About Synchronoss Technologies, Inc.
Synchronoss (NASDAQ: SNCR) transforms the way companies create new revenue, reduce costs and delight their subscribers with cloud, messaging, digital and IoT products and platforms supporting hundreds of millions of subscribers across the globe. Synchronoss’ secure, scalable and groundbreaking new technologies, trusted partnerships and talented people change the way TMT customers grow their businesses. For more information, visit us at www.synchronoss.com.
Investors
Joseph Crivelli
Synchronoss
908-566-3131
investor@synchronoss.com
Media Contact:
Anais Merlin
CCgroup (International)
T: +44 20 3824 9200
E: synchronoss@ccgrouppr.com
Diane Rose
CCgroup (North America)
T: +1 727.238.7567
E: diane@ccgrouppr.com
SOURCE: Synchronoss Technologies, Inc
--BERNAMA
The Synchronoss platform will use advanced analytics to evaluate the complex, large-scale invoices that Rackspace receives from its partners each month. Each invoice can contain complex large datasets, which the Synchronoss platform will automatically process to identify potential anomalies and errors in the data. The automated process will improve accuracy, and will also provide expense governance to enable Rackspace to promptly recoup misbilled charges on its largest expenses.
“Checking and validating the large and complex invoices we receive each month from our partners and suppliers is an operational challenge,” said Dustin Semach, Chief Financial Officer at Rackspace. “The Synchronoss platform is an important addition to our operational toolkit. The platform automatically captures and rapidly processes vast amounts of data at scale, then transforms that data into actionable insight.”
Synchronoss President and CEO Glenn Lurie said: “The Financial Analytics platform has already been used by some of the world’s largest service providers to validate the accuracy of their supplier billing and drive meaningful operational savings. Rackspace’s innovative use of the platform demonstrates its flexibility and underlines its value to large global enterprises looking to generate operational efficiency. This agreement also shows the significant progress that Synchronoss is making to broaden our reach and open up new opportunities for our products and technologies outside our established TMT footprint.”
About Synchronoss Technologies, Inc.
Synchronoss (NASDAQ: SNCR) transforms the way companies create new revenue, reduce costs and delight their subscribers with cloud, messaging, digital and IoT products and platforms supporting hundreds of millions of subscribers across the globe. Synchronoss’ secure, scalable and groundbreaking new technologies, trusted partnerships and talented people change the way TMT customers grow their businesses. For more information, visit us at www.synchronoss.com.
Investors
Joseph Crivelli
Synchronoss
908-566-3131
investor@synchronoss.com
Media Contact:
Anais Merlin
CCgroup (International)
T: +44 20 3824 9200
E: synchronoss@ccgrouppr.com
Diane Rose
CCgroup (North America)
T: +1 727.238.7567
E: diane@ccgrouppr.com
SOURCE: Synchronoss Technologies, Inc
--BERNAMA
PURECIRCLE WINS LEGAL DECISION VS SWEEGEN
Challenge to Validity of PureCircle’s Patent Is Denied
Patent Relates to Reb M Stevia Bioconversion
CHICAGO, Oct 29 (Bernama-GLOBE NEWSWIRE) -- PureCircle (LSE: PURE), the world’s leading stevia producer and innovator, has won a legal decision in its patent infringement litigation vs SweeGen.
On September 19, 2018, PureCircle filed a patent infringement case versus SweeGen and its affiliate in the Federal District Court for the Central District of California.
SweeGen attempted to avoid the lawsuit against it by filing a petition for “inter parties review” before the Patent Trial and Appeal Board (“PTAB”) of the United States Patent and Trademark Office, challenging the validity of PureCircle’s patent. The Federal District Court stayed the court case, pending the review by the PTAB.
On October 24, 2019, the PTAB issued a decision in PureCircle’s favor. It decided, after considering all SweeGen’s assertions, that the challenges to the validity of PureCircle’s patent were insufficient.
The patent at issue is U.S. patent number 9,243,273. It relates to PureCircle’s proprietary process to produce Reb M stevia sweetener via bioconversion. Reb M is one of PureCircle’s next generation sweeteners with a taste profile like sugar. PureCircle has ramped up its ability to produce Reb M in the quantities and at prices its customers need to sell a variety of zero- and low-calorie products sweetened with a plant-based sweetener.
As the result of the PTAB decision and SweeGen’s failure to demonstrate the invalidity of PureCircle’s patent, PureCircle has cleared another hurdle in its patent infringement case vs SweeGen. PureCircle is pleased with the decision of the PTAB, and looks forward to enforcing its patent rights in its Federal District Court litigation against SweeGen.
Globally, PureCircle has 197 patents granted and approximately 350 patents pending. Beyond patents, and further enhancing its broad-based intellectual property, the company has extensive trade secrets and know-how resulting from years of leading-edge R&D and process optimization in the area of stevia ingredients. PureCircle’s deep and broad stevia intellectual property evidences its position as the world’s leading supplier of innovative stevia ingredients.
Media may direct inquiries to:
Jackson Pillow, Media Relations Manager
Email: jackson.pillow@purecircle.com Phone: +1 (630) 256 8394
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/ec580717-f2b6-4581-9a57-6007615832eb
SOURCE: PureCircle
--BERNAMA
Patent Relates to Reb M Stevia Bioconversion
CHICAGO, Oct 29 (Bernama-GLOBE NEWSWIRE) -- PureCircle (LSE: PURE), the world’s leading stevia producer and innovator, has won a legal decision in its patent infringement litigation vs SweeGen.
On September 19, 2018, PureCircle filed a patent infringement case versus SweeGen and its affiliate in the Federal District Court for the Central District of California.
SweeGen attempted to avoid the lawsuit against it by filing a petition for “inter parties review” before the Patent Trial and Appeal Board (“PTAB”) of the United States Patent and Trademark Office, challenging the validity of PureCircle’s patent. The Federal District Court stayed the court case, pending the review by the PTAB.
On October 24, 2019, the PTAB issued a decision in PureCircle’s favor. It decided, after considering all SweeGen’s assertions, that the challenges to the validity of PureCircle’s patent were insufficient.
The patent at issue is U.S. patent number 9,243,273. It relates to PureCircle’s proprietary process to produce Reb M stevia sweetener via bioconversion. Reb M is one of PureCircle’s next generation sweeteners with a taste profile like sugar. PureCircle has ramped up its ability to produce Reb M in the quantities and at prices its customers need to sell a variety of zero- and low-calorie products sweetened with a plant-based sweetener.
As the result of the PTAB decision and SweeGen’s failure to demonstrate the invalidity of PureCircle’s patent, PureCircle has cleared another hurdle in its patent infringement case vs SweeGen. PureCircle is pleased with the decision of the PTAB, and looks forward to enforcing its patent rights in its Federal District Court litigation against SweeGen.
Globally, PureCircle has 197 patents granted and approximately 350 patents pending. Beyond patents, and further enhancing its broad-based intellectual property, the company has extensive trade secrets and know-how resulting from years of leading-edge R&D and process optimization in the area of stevia ingredients. PureCircle’s deep and broad stevia intellectual property evidences its position as the world’s leading supplier of innovative stevia ingredients.
Media may direct inquiries to:
Jackson Pillow, Media Relations Manager
Email: jackson.pillow@purecircle.com Phone: +1 (630) 256 8394
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/ec580717-f2b6-4581-9a57-6007615832eb
SOURCE: PureCircle
--BERNAMA
Jumio launches real-time, fully automated identity verification solution
KUALA LUMPUR, Oct 29 -- Jumio, the leading AI-powered trusted identity as a service provider has launched Jumio Go, its first real-time, fully automated identity verification solution to spot deepfakes, bots and sophisticated spoofing attacks with certified liveness detection.
“Jumio Go leverages the power of big data and big AI to equip modern enterprises with instant online identity verification that delivers a simple and intuitive experience for good customers,” said Jumio president, Robert Prigge.
Jumio Go is designed to remove friction from the user onboarding process, while still fighting online identity fraud and meeting AML and KYC compliance mandates, according to a statement.
Given the growth of deepfakes, bots and sophisticated spoofing attacks, Jumio has integrated certified liveness detection to detect when photos, videos or even realistic 3D masks are used instead of actual selfies to create online accounts.
Powered by AI, Jumio Go provides enterprises with a real-time, secure and reliable way to verify remote users, ensuring the person enrolling or logging in, is who they claim to be online.
Jumio Go is being launched as a beta to give its customers an early look at the fully automated identity verification solution. The beta is available across a broad range of geographies and will expand in the near future.
Jumio will use the beta period to capture important feedback from customers and partners to better refine the experience and deliver the best fully automated identity verification solution on the market.
More information at https://www.jumio.com.
-- BERNAMA
“Jumio Go leverages the power of big data and big AI to equip modern enterprises with instant online identity verification that delivers a simple and intuitive experience for good customers,” said Jumio president, Robert Prigge.
Jumio Go is designed to remove friction from the user onboarding process, while still fighting online identity fraud and meeting AML and KYC compliance mandates, according to a statement.
Given the growth of deepfakes, bots and sophisticated spoofing attacks, Jumio has integrated certified liveness detection to detect when photos, videos or even realistic 3D masks are used instead of actual selfies to create online accounts.
Powered by AI, Jumio Go provides enterprises with a real-time, secure and reliable way to verify remote users, ensuring the person enrolling or logging in, is who they claim to be online.
Jumio Go is being launched as a beta to give its customers an early look at the fully automated identity verification solution. The beta is available across a broad range of geographies and will expand in the near future.
Jumio will use the beta period to capture important feedback from customers and partners to better refine the experience and deliver the best fully automated identity verification solution on the market.
More information at https://www.jumio.com.
-- BERNAMA
Friday, November 1, 2019
Ally secures US$15 million funding led by Tiger Global Management
KUALA LUMPUR, Oct 25 -- Ally, a leading objectives and key results (OKR) solutions provider has raised a US$15 million Series B funding round, led by Tiger Global Management LLC. (US$1 = RM4.19)
The funding will further accelerate Ally’s investment in global sales and marketing, expand the product offering and enhance professional services.
New York-based investment firm, Tiger Global Management is known for investing in strategic, innovative companies such as Facebook, Flipkart, Slack and Stripe.
Previous investors, Accel, Vulcan Capital and Founders Co-op also participated in this round.
In the last three months, Ally has added over 100 new customers and doubled the number of its employees.
Ally helps startups and large enterprises to accelerate business performance through alignment, agility and transparency to match the fast-paced needs of their evolving markets.
Its product is based on the OKR framework, an operating model for running agile businesses popularised by Google and other industry leaders.
Ally’s customers include fast-growing startups and large enterprises such as Slack, Remitly, DoorDash, UrbanClap, Nike and InVision. More details at https://www.ally.io/
-- BERNAMA
The funding will further accelerate Ally’s investment in global sales and marketing, expand the product offering and enhance professional services.
New York-based investment firm, Tiger Global Management is known for investing in strategic, innovative companies such as Facebook, Flipkart, Slack and Stripe.
Previous investors, Accel, Vulcan Capital and Founders Co-op also participated in this round.
In the last three months, Ally has added over 100 new customers and doubled the number of its employees.
Ally helps startups and large enterprises to accelerate business performance through alignment, agility and transparency to match the fast-paced needs of their evolving markets.
Its product is based on the OKR framework, an operating model for running agile businesses popularised by Google and other industry leaders.
Ally’s customers include fast-growing startups and large enterprises such as Slack, Remitly, DoorDash, UrbanClap, Nike and InVision. More details at https://www.ally.io/
-- BERNAMA
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