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4GLOBAL "very pleased" with final results and looking to the future

4GLOBAL PLC

4GLOBAL PLC (AIM:4GBL) CEO Eloy Mazon speaks to Thomas Warner from Proactive London following the release of audited final results for the year ended 31 March 2023. Mazon gives his highlights from the news release, saying that "all in all we are very pleased with the year", which was the company's first as a listed entity. Group revenues for the year ending 31 March 2023, grew by 53% to £5.6mln, with basic earnings per share closing at 2.4p compared to losses of 7.1p in 2022. Mazon says that strong demand from international markets played a significant role in the results and aligning with the company's growth strategy. Looking ahead, Mazon says 4GLOBAL PLC is focusing on capitalising on the strong demand, particularly in the North American market, where they have established key relationships and commercial partnerships. He explains that commercial partnerships, like the recent one with Jonas Fitness in the US, provide a valuable route to market and complement their product offerings and client onboarding capabilities. As the market shifts towards valuing data and insights, 4GLOBAL PLC aims to leverage its extensive database and technology for cleansing and transforming data into actionable insights. They also have plans to explore AI integration with a view to providing more valuable insights to their customers. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

July 27, 2023 10:43 AM Eastern Daylight Time

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PathAI Launches its AI-Powered PathExplore Data Access Program for Academic Researchers

PathAI

PathAI, a global leader in AI-powered pathology, today announced it has applied its PathExplore panel of human interpretable features (HIFs) on publicly available samples from The Cancer Genome Atlas (TCGA), a comprehensive resource of oncology data containing genomic and outcomes data, along with associated H&E whole-slide images (WSIs). PathAI will make the HIFs from eight TCGA cancer types available for free as a data access program for academic researchers to perform independent research to support their own investigations. Earlier this year, PathAI launched PathExplore, an AI-powered panel of HIFs offering unprecedented resolution of the tumor microenvironment (TME) from digitized H&E slides. Powered by artificial intelligence, PathExplore spatially characterizes the TME with single-cell resolution, giving researchers the ability to unlock insights on patient response, drug pathways, and potential novel biomarkers. The ability to characterize and quantify histopathological features of the TME will enable new avenues of disease research, and may lead to promising new therapies. With this PathExplore HIF research data set, oncology researchers can analyze tissue compositions, cell populations, and how their quantities and spatial relationships correlate with molecular signatures, treatment response or prognostic outcomes. This data set is the first of its kind: no other widely available quantitative, structured data set based on histopathology exists. The features are standardized across indications, so researchers can glean new insights into the common or distinct TME characteristics of each tumor type or patient subset. Adding structured and standardized pathology data to TCGA enables a new set of multi-model investigations for researchers to pursue, all while lowering the barrier to integrating pathology image data into biomedical research that previously had been restricted to labs that had access to manual pathology analysis. “The TME has been a challenge to fully investigate due to the sheer amount of spatially distributed information contained within it,” said Mike Montalto, PathAI’s chief scientific officer. “Pathologists can assess the specimens and try to estimate how certain cell or tissue growth patterns are present in each patient, but they cannot exhaustively enumerate each and every relevant cell type under the microscope. That is what our PathExplore products provide - they not only accurately identify where each cell is located, but they provide structured and standardized feature tables that can enable next generation pathology research to be performed.” To learn more about PathAI’s PathExplore HIF research data set and apply for access, please reach out to pathexplore.hifs@pathai.com. If approved, there is no cost to academic researchers to access and use these data sets. PathExplore HIFs are for research use only and not for use in diagnostic procedures. Biopharma industry partners interested in purchasing a license to access PathExplore TCGA HIFs may reach out to bd@pathai.com for more information. PathAI is the only AI-focused technology company to provide comprehensive precision pathology solutions from wet lab services to algorithm deployment for clinical trials and diagnostic use. Rigorously trained and validated with data from more than 15 million annotations, its AI-powered models can be leveraged to optimize the analysis of patient samples to improve efficiency and accuracy of pathology interpretation, as well as to better gauge therapeutic efficacy and accelerate drug development for complex diseases. PathAI, which is headquartered in Boston, MA, and operates a CAP/CLIA-certified laboratory in Memphis, TN, is proud to have a team of 600+ innovative thinkers from around the globe. For more information, please visit www.pathai.com. Contact Details SVM Public Relations and Marketing Communications Maggie Naples +1 401-490-9700 pathai@svmpr.com Company Website https://www.pathai.com/

July 27, 2023 10:00 AM Eastern Daylight Time

Boost Mobile is Modernizing Their Network: Here’s How

Benzinga

By Faith Ashmore, Benzinga Check out Boost Mobile’s $10/mo for 2GB of 5G/4G data deal for qualifying new customers! Picture this: a busy intersection in a busy city, people bustling from one location to another, busily typing away or talking on the phone as they walk – and, inevitably, at least one or two of those people will be raising their phone up toward the sky trying to get better service, or tapping on their screen with increasing frustration, fruitlessly trying to get their WiFi to work. These breakdowns can cause significant disruptions in mobile services, leading to revenue losses and customer dissatisfaction. The root cause of these breakdowns can vary from hardware failures to software glitches to natural disasters. The surge in mobile traffic frequently overwhelms the infrastructure, leading to slowdowns and outages. Simply put, older infrastructure is dying out. To address these issues, one would assume that mobile carriers are investing heavily in upgrading their infrastructure and implementing new technologies. However, despite these efforts, many carriers are still struggling to keep up with the rapid pace of technological change. This is where Boost is set apart – Boost is building new infrastructure to get ahead of this issue. Natural disasters are also worsening the issue of infrastructure breakdowns for mobile carriers, with climate change making it even more challenging. Hurricanes, floods and wildfires can damage or destroy physical infrastructure, leading to prolonged outages. To make their infrastructure more resilient, Boost Mobile (NASDAQ: DISH) is exploring new solutions, such as deploying backup power systems and improving network redundancy. Additionally, the deployment of 5G networks can help solve this issue by providing faster and more reliable services, allowing for more efficient disaster response and recovery efforts. Boost Mobile is actively working to bring 5G technology to all its customers, which can help mitigate infrastructure breakdowns. With the evolution of mobile technology, 5G promises to deliver high-capacity and blazing-fast mobile technology that will enable the next wave of mobile wireless innovation. Boost plans to leverage its 2.5 GHz spectrum and deploy Massive MIMO radio technology to achieve this goal. The Massive MIMO technology can deliver greater capacity than current LTE systems, which will enable Boost to offer faster speeds, increased network capacity, and an overall better experience for its wireless customers. By deploying 5G technology, Boost aims to stay ahead of the competition and provide its customers with the latest and most advanced mobile technology available while also improving the resilience of its infrastructure and reducing the risk of breakdowns. The company is also expanding its 5G network with new towers and new hardware to ensure that all of its users have access to the best network available with better quality service and more coverage. Boost Mobile is also offering a promotional deal exclusively for new customers, providing unlimited talk and text, along with 2GB of 5G/4G data and mobile hotspot capability. The deal also includes a free SIM kit valued at $9.99 and free two-day shipping. The service is compatible with most unlocked GSM phones. In addition to low rates, by prioritizing the resilience of its infrastructure and the needs of its customers, Boost seems to have positioned itself well to succeed in an increasingly connected world. Boost's deployment of 5G networks can also facilitate more efficient disaster response and recovery efforts in addition to improving the resilience of its infrastructure. With faster and more reliable services, Boost can help first responders and affected communities stay connected during natural disasters, making it the carrier of choice for those seeking the latest and most advanced mobile technology available. Check out Boost Mobile’s 2GB for $10/mo deal for qualifying new customers! Based on a comparison of the Boost $25/mo. Unlimited plan to other carrier's $29/mo. unlimited plan. After 1 mo., you will pay $25/mo. Unless you call to cancel. AutoPay required. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

July 27, 2023 09:00 AM Eastern Daylight Time

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Kevel Establishes OpenRTB Protocol for Retail Media

Kevel

Platform monetization leader Kevel today announced the formation of an industry working group to establish an OpenRTB Protocol for Retail Media, a groundbreaking update to the OpenRTB framework. The protocol will set new standards for programmatic advertising in retail media and address challenges industry stakeholders are facing in privacy and data protection, data optimization, and transparency. “We are in the midst of a retail media rebellion, where it has never been more clear that retail media needs to seize control of platforms, infrastructure and data to stay competitive in a crowded marketplace,” says James Avery, CEO and founder, Kevel. “The OpenRTB Protocol for Retail Media is going to fix that by setting a standard to address challenges concerning efficiency, flexibility, and trust. With this newly established framework, we’re offering the industry a comprehensive set of updates and enhancements that can help streamline the programmatic advertising ecosystem.” Kevel’s OpenRTB Protocol for Retail Media will provide industry stakeholders with many benefits and features including: Biddable Product Sponsored Listings: the new framework supports biddable product-based sponsored listing creative formats, enabling advertisers to bid on relevant in-store sponsored listing ad inventory with real in-stock products based on their product catalog. Enhanced Privacy and Data Protection: adhering to the latest privacy regulations and industry best practices, offering improved user consent management and data protection mechanism enables publishers and advertisers to prioritize user privacy while delivering relevant and personalized advertising experiences. Bidstream Data Standardization: introduces standardized bidstream data, ensuring consistency and compatibility across different platforms and technology providers. This facilitates seamless integration between buyers and sellers, leading to increased operational efficiency and reduced friction. Supply Chain Optimization: advertisers gain improved visibility and control over the programmatic supply chain, allowing them to detect and mitigate fraud, verify ad placements, and optimize campaign performance more effectively. Increased Transparency and Trust: promotes greater transparency by providing clear and standardized mechanisms for transactional data sharing, supply path optimization, and ad fraud detection. This fosters trust among industry participants and strengthens the overall programmatic advertising ecosystem. “OpenRTB Protocol for Retail Media marks a significant milestone on how we can improve digital and programmatic advertising now and for the future," says Avery. “By introducing these cutting-edge standards and capabilities, we are giving publishers, advertisers, and technology providers the tools needed to navigate the dynamic digital landscape with confidence and achieve their goals more efficiently." Are you ready to join the rebellion? Kevel invites all stakeholders in the digital advertising industry to explore OpenRTB Protocol for Retail Media and leverage its powerful features. Click here for information. ABOUT KEVEL Kevel offers the infrastructure APIs needed to quickly build custom ad platforms for sponsored listings, internal promotions, native ads, and more -- allowing brands to drive new revenue in a user-first way. Kevel is committed to the vision that every online retailer and publisher should be able to add privacy-focused ad revenue streams and take back the Internet from Google, Amazon, Facebook, and other digital monopolies. Customers like Ticketmaster, Yelp, Strava, Klarna, and many more have already launched successful ad platforms on Kevel. The company has received many accolades, most recently winning the 2021 Digiday Technology Award for Best Monetization Platform for Publishers and recognized by Insider as one of the hottest adtech companies of 2021. Learn more at www.kevel.com. Contact Details Veronica Ruth +1 845-430-8743 kevel@kitehillpr.com Company Website https://www.kevel.com/

July 27, 2023 09:00 AM Eastern Daylight Time

Neuroinflammation A Key Indicator For Alzheimer’s, But Current Treatments Show Little Success In Reducing Or Even Increase It — Could This Rising Company Have The Answer?

Benzinga

By David Willey, Benzinga There have been several accelerated approvals granted to treatments for patients with Alzheimer’s disease (AD) by the Food and Drug Administration (FDA) in recent months, and there are several treatments also in development. Tiziana Life Sciences (NASDAQ: TLSA), a biotechnology company with a robust pipeline of therapies, is looking to bring a novel therapy to market that would tackle neuroinflammation in patients with AD. In 2021, the FDA granted accelerated approval to Aducanumab, developed by Biogen Inc. (NASDAQ: BIIB), and early in 2023, it gave accelerated approval to Lecanemab, developed by Eisai Co Ltd (TYO: 4523) and Biogen. Both immunotherapies target the disease pathology by reducing amyloid plaque buildup in the brain. While Lecanemab does slow the rate of cognitive decline, it includes the risk of adverse events, and Aducanumab was denied authorization by the European Medical Agency, partly because of fears of side effects like swelling in the brain. A couple of other treatments are currently in development for treating AD, including Eli Lilly’s (NYSE: LLY) Donanemab, which expects a decision from the FDA by the end of the year, and Acumen Pharmaceuticals’ (NASDAQ: ABOS) ACU193, which has announced safety and efficacy results from its phase 1 trial. Tiziana Focusing On Neuroinflammation For AD While these drugs target amyloid, none of them are focused on reducing neural inflammation. However, neuroinflammation is a key indicator for AD, caused by microglia – the primary immune cells of the brain – that are activated by the buildup of amyloid plaque. Targeting neuroinflammation has the potential to be a successful therapeutic strategy for tackling mild to moderate AD. An investigational new drug (IND) application has filed for Foralumab, a treatment that dampens neuroinflammation by binding to T-cells. “There are no FDA-approved treatments for Alzheimer’s disease specific to the neuroinflammation caused by microglia activation triggered by amyloid beta plaque,” said Matthew W. Davis, the Chief Medical Officer of Tiziana. “We plan to study 3-months administration of intranasal foralumab in Alzheimer’s disease patients to see if neuroinflammatory activated microglia will return to the baseline homeostatic state.” The company has already seen positive results with foralumab in a trial for indications against multiple sclerosis. Because this drug has already undergone a phase 1 trial, Tiziana may now potentially be able to fast-track foralumab as a treatment for AD. It has applied for a $3 million grant from a prestigious Alzheimer’s research foundation to support a potential phase 2a trial. If it is granted approval, Tiziana’s drug could provide a novel treatment for patients with mild to moderate AD. The Alzheimer's therapeutics market was worth $5 billion in 2022 and is expected to reach $18 billion by 2029, at a compound annual growth rate (CAGR) of 19% over 2022-2029. Click here to learn more about Tiziana and its pipeline of treatments on its website. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

July 27, 2023 09:00 AM Eastern Daylight Time

Bluepeak Internet Ranks First in Communities in Wyoming, Oklahoma, North Dakota, South Dakota and Minnesota

Bluepeak

Bluepeak internet service is ranked number one for fastest internet speeds, most consistent network and lowest latency in several markets in its service area. That’s the conclusion of Ookla’s newly released SpeedtestTM Market Index report for the second quarter of 2023, including data collected from millions of consumer-initiated tests across the country. The report – which ranks mobile and fixed broadband speeds from internet service providers around the world monthly – shows that Bluepeak is ranked highest for delivering the fastest median download and upload speeds, most consistent network and lowest latency to its internet customers in several different places during the second quarter of 2023.* The achievements for each market where Bluepeak service received a top ranking, verified by Ookla®, are as follows: Wyoming The fastest download and upload speeds, most consistent network and the lowest latency in all of Wyoming. The fastest download and upload speeds and most consistent network in Cheyenne and Laramie County. The fastest download and upload speeds, most consistent network and the lowest latency in Laramie. The fastest download and upload speeds in Casper and Natrona County. Oklahoma The fastest download and upload speeds and most consistent network in Stillwater and Payne County. The fastest download and upload speeds in Lawton. The fastest download and upload speeds in Altus. The fastest download and upload speeds in Bartlesville and Washington County. North Dakota The fastest download and upload speeds and most consistent network in Grand Forks and Grand Forks County. South Dakota The fastest upload speeds in Springdale Township. The fastest upload speeds in Madison and Lake County. Minnesota The fastest upload speeds in Marshall. As a result of Bluepeak’s competitive service, residents of these communities benefit from greater choice among their internet options. Research shows, greater competition for consumer goods – like internet – benefits consumers by lowering prices, boosting investment and enabling innovation. In addition, a 2020 report by Federal Reserve Bank of Richmond on “Bringing Broadband to Rural America” determined that broadband access and adoption are linked to increased job and population growth, higher rates of new business formation, higher home values, and lower unemployment rates. Ookla® is the global leader in network intelligence and connectivity insights. Over eighteen million tests are actively initiated by consumers each day across all Speedtest platforms, with over 45 billion tests completed to date. As a result, Ookla has the most comprehensive analytics on worldwide internet performance and accessibility. For more information on Bluepeak, visit mybluepeak.com. *Based on analysis by Ookla® of Speedtest Intelligence® data for median download speeds, upload speeds and consistency score, and multi-server latency, in the identified geographies, U.S., Q2 2023. About Bluepeak Bluepeak is building a faster, more reliable internet without the things that get in the way of great service - like red tape, hidden fees, and slow response times. Offering up to 5 gigabits of speed for residential customers and 10 gigabits for businesses, Bluepeak is a whole new ballgame - from internet to TV, to connecting every device in a home, to powering a business, Bluepeak not only provides the best fiber connections in the communities it serves, but also meets the growing needs for how its customers live. Contact Details Bluepeak Jesse Granger +1 720-703-4315 jesse.granger@mybluepeak.com Company Website https://www.mybluepeak.com

July 26, 2023 09:23 AM Mountain Daylight Time

AI Singapore Awards S$20M in Research Funds to Address Challenges Relating to Increase Use of AI in Emerging Apps

AI Singapore

SINGAPORE - Media OutReach - 26 July 2023 - AI Singapore (AISG) announced today that it will award up to S$20 million, through the Robust AI Grand Challenge and the AI for Materials Discovery Grand Challenge, to support five multidisciplinary teams which will address challenges related to the increasing use of AI in emerging applications. AISG launched both Grand Challenges in December 2022 in collaboration with the Future Systems and Technology Directorate (FSTD), MINDEF Singapore, and DSO National Laboratories (DSO). Each Challenge is a first-of-its-kind and represents a major milestone in research collaboration between the academia and defence ecosystems. The research outcomes will have the potential for dual-use applications and can be leveraged by both the industry and defence to benefit Singapore. The grant awards were presented by Mr Heng Chee How, Senior Minister of State for Defence at the Joint Grant Awards Ceremony. In his speech, Mr Heng said, "The advancement of Artificial Intelligence (AI) will open up new possibilities and MINDEF/SAF is poised to harness its power to build important capabilities for our future. MINDEF's approach is to collaborate extensively with local and global partners from research institutes, and institutes of higher learning and industry. MINDEF's Defence Technology Community, which designs and develops technological capabilities for the SAF, will play a key role in this effort. "Moving forward, we will also be expanding our partnerships with industry, to accelerate progress in developing AI technologies and applications. I encourage the various communities to come together to co-ideate and co-innovate. I would like to invite all researchers and practitioners with bold ideas to reach out to us. Together, let's collaborate, innovate and build an exciting and better future, he added." Professor Mohan Kankanhalli, Deputy Executive Chairman for AISG, said that the current development efforts and outcomes can be translated into better and safer technologies for everyday living. "The problems that are being addressed have dual-use applications and can be leveraged by both industry and defence ecosystems to benefit Singapore. We are excited to work with our valued collaborators, FSTD and DSO, as they have deep expertise in both grand challenges to advise, guide and empower our research teams to develop novel AI solutions that can effectively address important problems faced by Singapore and the world. We believe that there is potential for these technologies to be scaled globally in the future". Robust AI and AI for Materials Discovery Grand Challenges AISG's Grand Challenge programme takes an outcome-driven approach to solve important problems faced by Singapore and the world through multidisciplinary collaboration and translation of AI-based solutions from research to deployment. Researchers from local Institutes of Higher Learning (IHLs) and Research Institutes (RIs), along with their collaborators from the public and/or private sectors, were invited to propose ground-breaking research ideas that adopt AI techniques to address both Grand Challenges' statements. Each challenge statement was jointly defined by AISG, DSO and FSTD. Robust AI Grand Challenge - "How can we design robust CV systems for AVs that can recover at least 80% of their original accuracy after physical testing-time adversarial attacks?" Computer vision (CV) systems based on AI/ML are vulnerable to adversarial attacks which could compromise their safety and security, thus limiting their performance and adoption in critical environments. In the field of autonomous vehicles (AV), these could result in delays, accidents and potentially, even death. This Grand Challenge aims to encourage the development of innovative approaches that increase the robustness of these CV systems, to accelerate the adoption of CV systems in critical environments. AI for Materials Discovery Grand Challenge - "How can AI accelerate inverse material design to discover advanced materials that are 50% lighter while retaining and/or enhancing their functional properties?" Technological breakthroughs and the development of next-generation systems such as lightweight transportation vehicles and energy-efficient buildings are often underpinned by the discovery and development of new and advanced materials. However, this discovery process can be prohibitively long and expensive. In addition, conventional methods can be limited by a scientist's personal experience, knowledge and even biases, resulting in only incremental discoveries. This Grand Challenge aims to advance the state-of-the-art applications of AI in materials discovery, to develop solutions that can help scientists accelerate material discovery process and overcome the constraints of conventional methods. This would in turn enable them to keep pace with the increasing demand for new and advanced materials for next-gen systems. AISG received 16 (7 Robust AI; 9 AI for Materials Discovery) quality research proposals from multidisciplinary teams in response to both grant calls. The teams comprise lead Principal Investigators (PIs) and Co-PIs from the National University of Singapore (NUS), Nanyang Technological University (NTU), Agency for Science, Technology and Research (A*STAR), Singapore Management University (SMU), Singapore University of Technology and Design (SUTD) and Singapore Institute of Technology (SIT). They also involve industry partners and/or collaborators from overseas universities. An Evaluation Committee comprising members from various stakeholders in the AI ecosystem selected five projects to be awarded Stage 1 funding: Robust AI Grand Challenge Holistic Moving Target Defence for Autonomous Driving Perception (by Associate Professor Rui Tan, NTU) - This project will develop a Moving Target Defence (MTD) approach that creates and deploys AI mechanisms that are diverse and rapidly changing to limit the exposure of vulnerabilities and opportunities for attacks, increase the complexity and cost for attackers. Development of Stable Robust and Secure Intelligent Systems for Autonomous Vehicles (by Professor Shuzhi Sam Ge, NUS) - This project will harness the collective strengths of machine learning, stable control and generative AI to develop a robust and intelligent system that can adjust its neural network's behaviour and characteristics in real- time to counter adversarial attacks in complex environments. Towards Building Unified Autonomous Vehicle Scene Representation for Physical AV Adversarial Attacks and Visual Robustness Enhancement (by Professor Yang Liu, NTU) - This project will develop novel multi-view and multi-modal defences based on a unified framework that comprises a novel AV scene representation that will be used to generate realistic scenes with diverse conditions and attack vectors. The projects are expected to deliver suites of multi-modal attack and defence techniques that can be deployed in the real world to increase the robustness of AI models applied in multi-sensor CV systems. AI for Materials Discovery Grand Challenge MATAI: An AI-Powered Generalist Material Discovery Platform (by Professor Bo An, NTU) - This project will develop an AI-powered generalist platform with three key components: a holistic material database, a foundational material property predictor and a generalist multi-property material designer in a large search space. Design Beyond What You Know: Material Informed Differential Generative AI (MIDGAI) for Light-Weight High-Entropy Alloys and Multi-functional Composites (by Professor Ivor Tsang, A*STAR) - This project will develop a generative AI framework for materials design that combines with discriminative models to enhance robustness and overcome data scarcity. By incorporating domain knowledge, the AI model will enable a more controllable, directed, and efficient exploration of material design spaces through advanced optimisation algorithms. The projects are expected to deliver AI solutions that can be used by AI and materials researchers to (i) discover novel materials based on performance needs, (ii) efficiently explore beyond the boundaries of conventional methods, (iii) exploit new and existing scientific knowledge and (iv) reduce resource and time cost of material discovery cycles. In Stage 1, the teams will be awarded up to S$4M each to work on their project for the next three years. Funding support for Stage 2 will be determined as part of the final evaluation near the end of Stage 1. Selected teams could be funded up to S$5M over 2 years where the teams will have the opportunity to work with agencies to adapt and scale up the developed AI techniques for dual-use applications. About AI Singapore AI Singapore (AISG) is a national programme launched by the National Research Foundation (NRF) to catalyse, synergise and boost Singapore's artificial intelligence (AI) capabilities to power our future, digital economy.AISG will also bring together all Singapore-based research institutions and the vibrant ecosystem of AI start-ups and companies developing AI products, to perform use-inspired research, grow the knowledge, create the tools, and develop the talent to power Singapore's AI efforts.AISG is driven by a government-wide partnership comprising NRF, Smart Nation and Digital Government Office (SNDGO), Infocomm Media Development Authority (IMDA), Economic Development Board (EDB), Enterprise Singapore (ESG), amongst others. Contact Details Communications Consultant Joseph Rajendran +65 9228 7801 joseph@wiredcomms.sg Company Website https://aisingapore.org/

July 26, 2023 09:00 AM Eastern Daylight Time

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Effectiv Raises $4.5 Million to Accelerate Solutions in Combating AI-driven Fraud

Effectiv

Effectiv, a real-time fraud and risk management platform for financial institutions and fintech companies, announced today it has raised an additional $4.5 million in seed funding, bringing its total raise to more than $9 million. The investment will be used to accelerate Effectiv’s growth in helping organizations fight financial fraud, a problem that has worsened since the pandemic. The funding round was led by Better Tomorrow Ventures and participation from Accel and angel investors. The platform, which provides AI-driven solutions such as payment fraud detection, customer and business onboarding verification, and compliance management, has experienced rapid growth since launching in 2022. The company has helped organizations process more than $27 billion in financial products and is currently processing more than $100 million daily. Ravi Sandepudi, the CEO and co-founder of Effectiv, attributes the company's success to its technology, the team, and its growing customer base, which includes BHG Money, Cardless, Pomelo, USALLIANCE Financial, Peapack-Gladstone Bank, and more. The company has also seen strong revenue growth, crossing $1 million a year after launching. “We are incredibly grateful that our product has resonated with our partners, especially when fraud is at an all-time high. We also recognize that the financial world is rapidly digitizing, changing how consumers and organizations interact. At the same time, advanced generative AI technologies are attacking organizations at a scale we have never seen. For example, fraudsters are using a technology called deepfakes to clone an individual's voice, alter someone’s image or video to access financial accounts, create banking accounts, process wire transfers, and more. It’s a critical problem, and one that our team is committed to fighting,” said Ravi Sandepudi, CEO and co-founder of Effectiv. In the past year, Effectiv has seen a rise in fraud with real-time payments. As banks get ready to adopt FedNow, an instant payment service launched by the Federal Reserve, the company is preparing to release DeviceAI, a new device biometrics technology. The feature, which analyzes and flags suspicious user behavior on a device, is expected to further improve Effectiv’s payment fraud solutions. “Stopping payment fraud and helping organizations with FedNow, are a special focus for Effectiv and an area where our AI and platform truly shine. After months of research and product development, we are very excited to launch DeviceAI, which will improve our solutions even more. Effectiv’s ability to look at all end-user interactions holistically helps us identify fraudulent transactions with very high accuracy in real-time. While mechanisms such as one-time passwords or voice authentication were functional in the past, we are repeatedly seeing that they are easily compromised and no longer sufficient. For instance, a customer's voice can now be forged in a few seconds with off-the-shelf AI. Therefore, taking a holistic evaluation approach is necessary,” said Ritesh Arora, COO and co-founder of Effectiv. Better Tomorrow Ventures, who led this funding round, couldn’t agree more with Effecitv’s expansion of new solutions and long-term vision in helping organizations prevent fraud. “Effectiv has done an incredible job proving the cutting-edge technology they are building can withstand one of the biggest challenges we face today in the financial industry. They are experts not only in the fraud space but also in machine learning and AI. This combination makes them the most formidable team in the industry to tackle this problem,” said Sheel Mohnot, co-founder of Better Tomorrow Ventures. Dinesh Katiyar, who led the investment for Accel, believes Effectiv’s team and technology capabilities are what truly make them stand out and why they decided to partner with the company. “Ravi and the team have been helping companies detect and prevent fraud for decades. With Effectiv, they have figured out how to do this from nearly all angles in a truly scalable, adaptable, and economical way. They understand how AI can be used to fight fraud in this age of AI-assisted bad actors. We’re excited to be part of Effectiv’s journey,” said Dinesh Katiyar, Partner at Accel. The firm led Effectiv’s pre-seed round in 2021 and was joined by REV Venture Partners, BHG VC, and angel investors. About Effectiv Effectiv is a real-time fraud and risk management platform with AI solutions for financial institutions and fintech companies. Behind the company are several team members who helped build Simility, a fraud detection software company that was acquired by PayPal in 2018. The company was founded by Anupam Tarsauliya, Jonathan Doering, Ravi Sandepudi, and Ritesh Arora, who all met at Simility. Prior to Simility and PayPal, the founding team members were experts in fighting fraud and building machine-learning products for companies such as Google and Walmart. The company is based in San Francisco, California. Contact Details Effectiv Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website http://effectiv.ai/

July 26, 2023 09:00 AM Eastern Daylight Time

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Communications, Video, and Technology Accessibility Act Bill (CVTA) Announced before the 33rd Anniversary of the Americans with Disabilities Act (ADA)

Communication Service for the Deaf

Senator Edward J. Markey of Massachusetts announced the Communications, Video, and Technology Accessibility Act Bill (CVTA) this morning before the 33rd anniversary of the Americans with Disabilities Act. Accessibility standards and requirements have not kept pace with advances in communication technology since the 21 st Century Communications and Video Accessibility Act (CVAA) was passed over a decade ago. As such, individuals who rely on closed captioning, audio descriptions, and a wide range of other accessibility features do not have full access to a range of products and services that are integral to our daily lives. The passage of the CVTA Bill will ensure that Deaf and disabled communities have full access to technology in their personal and professional lives by addressing the following: Requiring closed captioning for online video programming, mirroring current televised video programming requirements; Requiring audio description for both online and televised video programming; Directing the FCC to create and update quality standards for video programming accessibility; Requiring video conferencing services to have built-in accessibility features, such as automatic captioning functions, and the ability to connect sign language interpreters and assistive technologies that are designed to increase access for people with disabilities (e.g., refreshable braille displays); Establishing standards for American Sign Language interpretation when provided during video programming; Ensuring Deaf people who use sign language have equitable access to 9-1-1 emergency services through the use of direct video calling or telecommunications relay services; Requiring manufacturers of devices that display video programming, such as televisions and computers, to include features that allow easy activation and customization of closed captioning and audio description preferences; Expanding the contribution base for the Telecommunications Relay Services Interstate Fund to ensure its sustainability; and Empowering the FCC to ensure accessibility regulations keep pace with emerging technologies, such as artificial intelligence and virtual reality platforms. The team at Communication Service for the Deaf (CSD) encourages you to get in touch with your congressional leaders and express your support for the CVTA Bill. Let Your Representatives Know You Support the CVTA You can download one of our letter templates to get started and use the links below to find your Congressional representative(s). Download the template that applies to you Find your representative Learn more about the 21st Century Communications and Video Accessibility Act (CVAA) Learn more about the CVTA Bill “We are committed as an organization to clearly identifying barriers to accessibility wherever they reside and delivering solutions to ensure full inclusion for all as technology evolves and advancements are made,” Chris Soukup, CEO of CSD, shared. “The CVTA Bill supports this important work and advances equitable access to information, communication, and opportunities for deaf and disability communities.” With this legislation in place accessibility standards will catch up with the rapid advancements in communication technology, ensuring that closed captioning, audio descriptions, and other essential features are seamlessly integrated into television programming and online video streaming platforms. Viewers with disabilities will have the power to easily activate and customize their preferred settings, whether on televisions, smartphones, laptops, or tablets, empowering them to engage fully with the content they love. Together, we can secure a brighter future for the Deaf and hard of hearing community, where technology is a tool for empowerment, not exclusion. Support the CVTA Bill and be a part of this inspiring journey toward equality. About Communication Service for the Deaf Communication Service for the Deaf (CSD) is the largest Deaf-led social impact organization in the world. For more than four decades, CSD has been a leader in creating and providing accessible and innovative solutions for the Deaf community. Today, CSD continues its work to create opportunities for personal and economic growth within the Deaf community, specifically addressing leadership and employment. For more information, please visit CSD and follow us on Facebook, Twitter, Instagram, and LinkedIn. Contact Details Communication Service for the Deaf Molly Miller +1 315-679-8948 mmiller@csd.org Company Website https://www.csd.org/

July 25, 2023 02:05 PM Eastern Daylight Time