Tag: Latest News

voyager-labs-awarded-“best-ai-industry-solution-for-intelligence”-for-its-outstanding-work-in-applying-ai-to-accelerating-investigations,-mitigating-risk,-and-acquiring-actionable,-previously-unattainable-insights.

Voyager Labs awarded “Best AI Industry Solution for Intelligence” for its outstanding work in applying AI to accelerating investigations, mitigating risk, and acquiring actionable, previously unattainable insights.

November 4, 2020 Published by

 Voyager Labs, a world leader in the Artificial Intelligence space, announced today that it has been selected as the winner of “Best AI Industry Solution for Intelligence” in the 2020 AI Breakthrough Awards program conducted by AI Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global Artificial Intelligence (AI) market today.

The mission of the AI Breakthrough Awards is to honor excellence and recognize the innovation, hard work and success in a range of AI and machine learning related categories, including AI platforms, Deep Learning, Smart Robotics, Business Intelligence, Natural Language Processing, industry-specific AI applications and many more. This year’s program attracted more than 2,750 nominations from over 15 different countries throughout the world.

“Voyager Labs’ proprietary AI algorithms power a unique state-of-the-art technology that provides insights no one else can,” said James Johnson, Managing Director, AI Breakthrough. “This certainly is a breakthrough achievement and we are excited to recognize Voyager Labs with our ‘Best AI Industry Solution for Intelligence’ award in the 2020 AI Breakthrough Awards program.”

Voyager Labs’ solutions leverages pattern recognition, natural language understanding and deep learning to enable organizations, worldwide, to investigate massive amounts of complex, unstructured data automatically and acquire near real time, actionable insights that would otherwise be inaccessible.

“We’re humbled and honored to receive this important award. We’re committed to continue leading in the development of breakthrough science technologies,” said Avi Korenblum, Voyager Labs Founder and CEO. “By delivering this technology to our customers worldwide, we enable them to effectively counter escalating threats and fulfill their public safety commitment.”

pagcor-approves-manila’s-integrated-resorts-to-accept-online-bets

PAGCOR Approves Manila’s Integrated Resorts to Accept Online Bets

November 4, 2020 Published by
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The Philippine Amusement and Gaming Corporation (PAGCOR) has granted permission for the integrated resorts in Manila to accept online bets in a move aimed at helping operators recoup COVID-19 induced losses.

Alfredo Lim, President and COO of PAGCOR, confirmed that recently received applications from City of Dreams Manila, Okada Manila, Resorts World Manila and Solaire Resort and Casino to take online bets have now been approved.

No details were provided on exactly what such online betting might look like or what restrictions would remain in place.

infineon-and-tribe-join-hands-to-strengthen-singapore’s-blockchain-ecosystem

Infineon and Tribe join hands to strengthen Singapore’s Blockchain Ecosystem

November 4, 2020 Published by

 

Infineon partners with Tribe, the first Singapore Government supported blockchain ecosystem builder, which brings together government agencies, corporates and blockchain companies to foster innovation and collaboration. Infineon will provide its longstanding industry expertise in hardware security solutions and can help companies seeking to apply blockchain to discover the competitive advantages of Infineon’s SECORA™ Blockchain security solutions. Selected start-ups developing applications using SECORA™ Blockchain will have the opportunity to collaborate with Infineon in time-to-market and customer development as partners at the Infineon Co-Innovation Space.

“Blockchain is moving beyond Fintech into areas as diverse as logistics, brand protection, online shopping and gaming platforms. Tribe’s OpenNodes give us access to a vibrant blockchain ecosystem and allow Infineon to showcase our SECORA™ Blockchain Security Solutions.” Said Goh Say Yeow, Vice President, Connected Secure Systems, Infineon Technologies Asia Pacific Pte Ltd. “We are honoured to be part of Tribe and are excited to collaborate with them on several fronts, such as supporting OpenNodes-led initiatives as a founding member and working with Tribe Academy to identify promising tech talents. I look forward to explore business opportunities together in the emerging blockchain verticals with leading ecosystem players.”

“Driving ecosystem collaboration is a key priority for Tribe as we look to advance blockchain’s capabilities and its deployment across industries. As we witness a surge in industry ready solutions based on blockchain, security continues to be a key consideration and differentiator for blockchain companies. With Infineon we have a partner that is well positioned to secure blockchain applications and strengthen trust in the technology,” said, Joseph Lim, Head of Global Business Development, Tribe. “We hope to drive Singapore’s agenda to be a hotbed for blockchain innovations and real-world application, as we continue to identify and fill the gaps in the industry.”

Infineon Blockchain Program

As a leading player in blockchain, Infineon has developed the SECORA™ Blockchain, which is a fast, easy-to-use Java Card™ solution supporting best-in-class security for blockchain system implementation. It makes the application more secure and easier to design for customer’s blockchain system. By providing a safe “vault” for user credentials, SECORA™ Blockchain can reduce the final user’s commercial risk and helps to increase trust in the block chain system. Infineon’s extensive security expertise provides the layer of security required to protect private blockchain keys. The integration of hardware-based security into blockchain applications, such as tokens, wearables, and different module forms, makes private keys much more robust against attacks.

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Russian Hacker Group Threatens to Reveal Technical Secrets of GPI

November 4, 2020 Published by
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The Russian hacker group known as REvil has revealed that it has hacked the servers of casino equipment supplier Gaming Partners International (GPI). The hackers also issued a 72-hour deadline for the company to pay the ransom.

The hackers said they had stolen 540 gigabytes of sensitive data from GPI, including financial documents, contracts and technical documentation for all of the company’s gaming machines.

“Absolutely all servers and working computers of the company are hacked and encrypted,” the hackers said in a statement on the Dark Web obtained by DailyMail.com.

“We have all the most important data from all your servers, including Macao and Mexico,” REvil said.

“In another 72 hours, if you do not pay for our silence and decryption, all information from your severs will go public, which will bring huge losses to all customers to whom you provide your products,” the group added.

REvil did not specify their financial demand in the public statement.

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Malta Gaming Authority CEO to Step Down

November 4, 2020 Published by
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Heathcliff Farrugia of the Malta Gaming Authority has confirmed that he would not be renewing his CEO tenure.

Farrugia confirmed to local news sources that he had requested the government not to renew his leadership terms as MGA CEO, which expires at the start of next year. Declaring his resignation, Farrugia reportedly wants to establish a new business with MGA Chief Regulatory Officer Karl Brincat Peplow.

Farrugia was an executive of MGA since 2014 and was appointed as the Chief Executive in 2018, replacing long-term incumbent Joseph Cuschieri.

sensetime-awarded-ce-mark-for-ai-medical-solution-sensecare-lung-pro

SenseTime Awarded CE Mark for AI Medical Solution SenseCare-Lung Pro

November 4, 2020 Published by

 

SenseTime, the world-leading artificial intelligence (AI) company, announced its AI-empowered software solution, SenseCare-Lung Pro, has been awarded the CE mark to meet the safety and performance requirements demanded in the European Economic Area (EEA). The software enables faster and more automated diagnosis of lung diseases including COVID-19 infections based on CT image analysis.

The CE certification of SenseCare-Lung Pro ensures that the software can be commercialised in the EU market under the European Union Medical Device Regulation (MDR), a new regulation issued in response to the development of the medical device industry with higher requirements for the clinical evaluation and product testing before the device is approved for use in the market. The milestone demonstrates the solution’s ability to analyze lung diseases safely and effectively.

Based on SenseTime’s deep learning technologies, SenseCare-Lung Pro software improves the efficiency and accuracy of the diagnostic procedures for doctors in identifying lung cancers and pneumonia. Its AI capabilities mean it can automatically detect abnormalities of lung nodules and pneumonia, like COVID-19. It provides comprehensive analysis such as lesion classification, risk evaluation, quantification, and general structured reports.

“This is a significant milestone for SenseTime in our strategy to bring SenseCare-Lung Pro to international markets and support doctors in the diagnosis of critical lung diseases. The software has been further upgraded to detect suspect cases of COVID-19 during the pandemic to ease the strain on medical resources in Beijing, Shanghai, Tianjin and a dozen other cities. SenseTime will continue its extensive research activity to develop the highest quality and standards of AI products to empower the healthcare sector for the global community,” said Dr. Zhang Shaoting, Vice President and Deputy Head of Research at SenseTime.

“In line with Indonesia’s efforts to manage COVID-19, we identified a strong need for the SenseCare-Lung Pro to address pressing healthcare issues and support medical professionals in the early detection of the disease. Looking beyond the pandemic, Indonesia recently unveiled its 25-year national strategy for developing AI technologies with healthcare as a key thrust. We believe the SenseCare-Lung Pro will be a good solution in facilitating medical professionals in the early detection of respiratory diseases including COVID-19. SenseTime is committed to furthering this spirit of innovation to develop cutting-edge AI-powered health diagnostic solutions,” said Mr Martin Huang, Managing Director of SenseTime International Pte. Ltd.

SenseCare-Lung Pro is one of several applications in SenseTime’s SenseCare Smart Health Platform – an AI-powered platform which offers an array of healthcare applications for over 13 organs and body parts, covering chest, cardiovascular, liver, pathology, orthopedics and radiotherapy. It can assist doctors throughout the clinical process, from diagnosis, 3D surgery planning to rehabilitation tracking to meet the demands of various departments including radiology, pathology, cardiology, orthopedic, surgery, radiotherapy, etc.

itiviti’s-linda-middleditch-wins-european-women-in-finance-award-for-excellence-in-fintech

Itiviti’s Linda Middleditch wins European Women in Finance Award for Excellence in FinTech

November 4, 2020 Published by

 

Itiviti, a leading technology and service provider to financial institutions worldwide, today announced that Linda Middleditch, Chief of Product Strategy and Engineering, has won the Markets Choice Awards – European Women in Finance Awards in the category for Excellence in FinTech.

Linda joined Itiviti in June 2019 after spending more than two decades of her career within the financial services industry, where she held senior leadership positions at UBS, Citi and Morgan Stanley. She worked with every asset class across the entire trade lifecycle, and held roles in trading, operations, technology and product management. Her move to the vendor side enabled her to review and rethink the trading technology and the way of working with the financial institutions.

Linda’s focus on enhancing cognitive diversity within the product strategy and engineering teams has greatly enriched Itiviti’s approach to building the trading platform and the team members whose professional backgrounds are anchored in areas similar to those of our clients.

The modular design technology delivers flexible solutions to meet clients’ evolving needs. The collaborative approach with clients allows the firm to support and accompany customers to overcome their trading-related challenges and align with their future growth.

“Cognitive diversity can be transformative for FinTechs,” says Linda. “At Itiviti, this is one important element in our overall approach to creating and enhancing our overall technology ecosystem. Other elements include our modular design approach, our strategic partnerships, and the way we engage with our clients.”

Another essential element is Itiviti’s strategic partnerships, which bring additional expertise into our technology ecosystem. For example, in January 2020, Itiviti announced a new partnership with Imandra, a technology company focused on cloud-scale automated reasoning. Imandra’s technology is improving the onboarding process for Itiviti clients to Itiviti’s Managed FIX global connectivity platform.

“We congratulate Linda on this award and celebrate this success with her,” says Rob Mackay, Chief Executive Officer of Itiviti. “Linda’s leadership is enabling Itiviti to engage in new and exciting ways of collaborating – in our teams, our technology, our strategic partner network, and with our customers – to drive innovation and transformation.”

hashkey-group-winner-at-hkma-‘digitizing-trade-finance’-tech-challenge

HashKey Group Winner at HKMA ‘Digitizing Trade Finance’ Tech Challenge

November 4, 2020 Published by

 

HashKey Group was announced yesterday as one of the winners of the “Digitizing Trade Finance Tech Challenge” hosted by Hong Kong Monetary Authority (HKMA). HashKey was awarded as one of the ten prize winners in a competition that attracted 103 applications from 24 cities in 16 countries. HashKey Group entered and won the competition with the support of sister company Wanxiang Blockchain.

Announced at Hong Kong Fintech Week 2020, HashKey’s solution will create a toolkit that improves the usability of blockchain-based open data standards for documents and data in cross-border trade finance. With the solution, HashKey Group and its sister company Wanxiang Blockchain will collaborate with local regulators, universities, government agencies, and SMEs in the Greater Bay Area (GBA).

“This year we are witnessing a rapid acceleration in the growth of digital commerce,” said Michel Lee, HashKey Group Executive President. “As this trend continues, we are very excited by the potential of blockchain solutions to deliver the common data standards needed to bridge digital islands and allow for seamless digital trade.”

The project marks the second time the two companies received government recognition for its trade finance blockchain solutions. The project is an extension of current work with the Singapore government on blockchain-based digital trade facilitation.

“Through our work on open data standards, HashKey has developed a unique perspective on how to improve blockchain-based digital trade and make it more practical for more industry participants,” said Ben El-Baz, Head of Ecosystems at HashKey Group. “Together HashKey and Wanxiang Blockchain continue to collaborate on blockchain solutions for finance. With this project we are excited to expand the use of blockchain to solve challenges in trade finance.”

HashKey Group and Wanxiang Blockchain are building blockchain-based supply chain finance solutions. Earlier in 2020, HashKey also won a blockchain-based trade data project awarded by the Infocomm Media Development Authority (IMDA) in Singapore. The core of that project is integrating IMDA’s open, interoperability-focused TradeTrust blockchain document notarization framework into the team’s trade and supply chain finance platforms.

ukgc:-have-your-say-on-tougher-rules-for-identifying-and-tackling-gambling-harm-–-including-customer-affordability

UKGC: Have your say on tougher rules for identifying and tackling gambling harm – including customer affordability

November 4, 2020 Published by
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The Gambling Commission is calling for views from the industry, consumers and other stakeholders on stronger requirements on online operators to identify consumers who may be at risk of gambling harm and to then interact and take action to prevent those harms.

Launched yesterday, the consultation calls for feedback from a range of stakeholders on proposals that strengthen the expectations on gambling businesses to act on information they have about a consumer’s vulnerability and to conduct assessments of whether the customer’s gambling is affordable at thresholds set by the Commission.

It is also calling for evidence on what the thresholds for these affordability checks should be and the nature of those checks.

Tim Miller, executive director, said: “Whilst some operators have continued to improve their customer interaction processes, our evidence shows that many online operators are not setting thresholds for action at appropriate levels. They are not taking the appropriate action or acting quickly enough when they do identify risks of potential harm.

“We are clear on the need for gambling companies to take further action and that the Commission must set firm requirements to set consistent standards. But we want to have an open discussion with the gambling industry, consumers, people with lived experience and other stakeholders, to ensure we strike the right balance between allowing consumer freedom and ensuring that there are protections in place to prevent gambling harm.”

 

unest-launches-investment-account-for-parents-and-kids,-offering-significant-advantages-over-529-plans

UNest Launches Investment Account for Parents and Kids, Offering Significant Advantages Over 529 Plans

November 4, 2020 Published by

 

UNest, the first-of-its-kind mobile app that helps parents invest in their children’s future financial wellness, announced the launch of UNest Investment Account, a tax-advantaged custodial account that enables parents to save for more than just their child’s education. In addition to funding college and other educational expenses for their children, parents can use the UNest Investment Account to plan for and cover the cost of goals and milestones such as buying a first car, house, or a wedding.

UNest is the first and only savings and investment app to offer multiple types of saving plans to meet the preferences and priorities of parents when planning for their children’s future. The UNest Investment Account combines age-based saving plans, free planning tools, and advice and advocacy resources from financial advisers. The UNest Investment Account offers five investment portfolio options depending on the age of the child, the family’s unique situation, and their investment profile. Unlike traditional 529 accounts, there are no penalties on early withdrawals from UNest Investment Accounts. Parents can set up their UNest Investment Account in five minutes or less through UNest’s award-winning app.

Traditionally, parents across the income spectrum have had to parse through the multitude of complicated 529 plans offered by each state and by financial institutions to identify the best college savings approach for their children. In addition to complex application processes, 529 plans are often saddled with hidden fees, and subject families to heavy financial penalties when funds are not used for college. Many families are also forced into a savings silo with 529s that fails to reflect their future needs since 529s can only be used for education expenses.

An additional benefit of the UNest Investment Account for Kids is that there is no attachment to the parent’s home state. With 529s, parents often wrongly assume that they can only use the plan offered by their home state. This results in parents often selecting a 529 plan that performs poorly, or is misaligned with their family goals. Once they select a 529 plan, parents then typically have to complete an arduous, paper-based application process. These problems are more acute for lower- and mid-income families that cannot call on financial planners to help navigate to the right solution.

“Our decision to offer The UNest Investment Account for Kids was born out of feedback from our rapidly-growing community of UNest families,” said Ksenia Yudina, CEO and Founder of UNest. “Our users often asked us what would happen if their kids do not go to college, or they receive full-ride scholarships or financial aid. Especially during a pandemic, when a lot of education has shifted online and families are worried that the cost of tuition is simply unsustainable, the new type of account with tax advantages and greater flexibility presented an excellent balance for parents.”

The launch of the UNest Investment Account is particularly timely with the pandemic leading to many families evaluating and refining their future financial goals. This, plus the fact that parents are increasingly concerned about tuition costs, means that flexibility in how funds are used, and avoidance of potentially costly penalties from early withdrawals, are critical requirements.

The UNest Investment Account will join UNest’s existing 529 solution as part of its product portfolio. UNest has eliminated many of the issues parents faced when selecting and applying for a 529 including dramatically reducing the time and effort required to establish and manage a 529 plan. By offering both 529 plans and the UNest Investment Account, parents of all income levels and backgrounds will have access to a solution that meets both their short and long-term needs. UNest develops investment portfolios using Vanguard funds that are recognized for offering the lowest fees in the industry.

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