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Artificial Intelligence (AI) in BFSI Market revenue to cross USD 80 Bn by 2026: Global Market Insights, Inc.

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Selbyville, Delaware, June 29, 2020 (GLOBE NEWSWIRE) —
According to latest report “AI in BFSI Market by Component (Solution [Chatbot, Customer Behavior Analytics, Customer Relationship Management, Data Analytics & Visualization, Fraud Detection], Service), Technology (Machine Learning, Natural Language Processing, Computer Vision), Application (Back Office/Operation, Customer Service, Financial Advisory, Risk Management, Compliance & Security), End-Use (Bank, Insurance, Wealth Management), Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2026”, by Global Market Insights, Inc., the market valuation of AI technology in BFSI will reach $80 billion by 2026. The emergence of fintech technology and innovations in banking processes along with digitization is expected to contribute significantly to the market revenue.The growing demand to analyze, report, & collect a large volume of data and gain meaningful insights to support banking processes will support AI in BFSI market growth. The increasing adoption of advanced technologies including big data, blockchain, cloud computing, and biometrics generates extensive data. AI-based solutions are integrated with machine learning algorithms to help banks in collecting and analyzing data. It provides an in-depth analysis of the customer data and helps banks to make decisions, enabling operational efficiency and gaining higher ROI.Request for a sample of this research report @https://www.gminsights.com/request-sample/detail/2605The data analytics and visualization solution segment in the AI in BFSI market will expand at a CAGR of nearly 40% till 2026. The demand for data analytics across financial enterprises has increased exponentially, which is attributed to the continuously growing digital data and increasing inclination toward the customer-centric business model. Data analytics & visualization solutions help BFSI enterprises in analyzing a large volume of structure & unstructured data and provide in-depth analysis. They also help organizations to identify customer needs and provide personalized services.The computer vision technology segment is poised to witness over 35% growth during the forecast timeline. Insurance and wealth management companies are using automated processing with computer vision technology to analyze digital information. Enterprises leverage computer vision to automate the analysis of digital information such as images, content, etc. This technology is also used in processes including underwriting and automated data extraction.The customer service segment is projected to account for 45% global AI in BFSI market share by 2026. Growing competition in the BFSI sector and the need to acquire a large customer base are driving enterprises to focus on improved customer relationships. Banks and other financial enterprises use AI-backed solutions to amplify engagement with customers. Furthermore, companies also use AI-based virtual communication assistants or chatbots to improve service delivery, customer query handling, virtual assistance, and assisting customers in banking transactions.The adoption of AI-based solutions for wealth management is growing significantly at a CAGR of above 40% from 2020 to 2026. The use of AI-backed tools helps wealth managers to advise customers based on analyzed historical data and present analysis. It also provides AI-powered recommendations and insights specifically tailored to customer requirements.Request for customization of this research report @https://www.gminsights.com/roc/2605North America is anticipated to hold a share of above 50% in the AI in BFSI market by 2026. The COVID-19 outbreak has severely impacted the BFSI sector. In response, companies operating in the market are developing innovative solutions to help banking & financial institutions to drive their business. For instance, in April 2020, Temenos, a leading banking software company, launched explainable AI models for banks. This enabled credit unions & banks to provide rapid loans to SMEs and retail customers.Table of Contents (ToC) of the report:Chapter 3.   AI in BFSI Market Insights3.1.  Introduction3.2.  Industry segmentation3.3.  Impact of COVID-19 outbreak3.3.1. By region3.3.2. Industry value chain3.3.2.1.  Suppliers3.3.2.2.    AI in BFSI technology providers3.3.2.3.    Marketing & distribution channels3.3.3. Competitive landscape3.3.3.1.  Strategy3.3.3.2.    Distribution network3.3.3.3.    Business growth3.4.  Industry ecosystem analysis3.5.  Evolution of AI in BFSI technology3.6.  Investment landscape3.6.1. AI investment3.6.1.1.  Americas3.6.1.2.    EMEA3.6.1.3.    Asia Pacific3.7.  Regulatory landscape3.7.1. Health Insurance Portability and Accountability Act (HIPAA)3.7.2. Payment Card Industry Data Security Standard (PCI DSS)3.7.3. North American Electric Reliability Corp. (NERC) Standards3.7.4. Federal Information Security Management Act (FISMA)3.7.5. The Gramma-Leach-Bliley Act (GLB) Act of 19993.7.6. Sarbanes-Oxley Act of 20023.7.7. General Data Protection Regulation (GDPR)3.7.8. Alternative Investment Fund Managers Directive (AIFMD)3.7.9. Anti-Money Laundering Directive 2015/849/EU (AMLD)3.7.10. Dodd–Frank Wall Street Reform and Consumer Protection Act3.7.11.    European Market Infrastructure Regulation (EMIR)3.7.12.    Foreign Account Tax Compliance Act (FATCA)3.7.13.    Markets in Financial Instruments Directive (MIFID)3.8.  Use cases3.8.1. Algorithmic trading3.8.2. Anti-money laundering (AML) pattern detection3.8.3. Customer service3.8.4. Fraud detection3.8.5. Insurance & loan underwriting3.8.6. Portfolio management3.9.  Industry impact forces3.9.1. Growth drivers3.9.2. Industry pitfalls & challenges3.10.    Growth potential analysis3.11. Porter’s analysis3.12.    PESTEL analysisBrowse Complete Table of Contents (ToC) @https://www.gminsights.com/toc/detail/artificial-intelligence-ai-in-bfsi-marketAbout Global Market Insights, Inc.Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.Contact Us: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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Datametrex Announces Another Sale of COVID-19 Test Kits for $850,000 to a Canadian Mining Company

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TORONTO, July 06, 2020 (GLOBE NEWSWIRE) — Datametrex AI Limited (the “Company” or “Datametrex“) (TSXV: DM, FSE: D4G, OTC: DTMXF) is pleased to announce a purchase order (the “PO”) of 20,000 COVID-19 test kits from a Canadian based mining company (the “Purchaser”) with operations worldwide. This PO is for one of their Latin American mine operations.
The total gross sales amount is approximately $850,000 CDN, excluding shipping and courier fees. The Company has secured all requested testing kits, swabs, tubes, and the PCR machines. All of the items will be delivered directly to the mining company at their operating site in Latin America in mid-July. The Company anticipates little or no up front costs associated with the sale of these kits.“Datametrex is assisting with the implementing of test kits as it is a fundamental response to the pandemic, and those mining companies that have been able to test more comprehensively have had greater success,” says Marshall Gunter, CEO of the Company. “The reasoning is simple: An individual who tests positive can be isolated until they recover, and their contacts may be traced and similarly tested and isolated, effectively reducing the rate of transmission.”Under the terms of the PO, Datametrex will provide the Purchaser with 20,000 units of the COVID-19 qPCR Detection Kits manufactured by 1drop Inc. (“1drop”), 20,000 Universal Transport Medium (UTM®), Sterile Swabs with 16x100mm and Skirted Tubes. The Company also sold two (2) Real-Time Polymerase Chain Reaction Detection System (“PCR”) machines along with software to ensure optimal assay performance of the samples.Some Latin American countries are seeing shocking unemployment figures as the pandemic has caused hunger to rise in the region. The fallout from the pandemic is being felt hardest in Latin America, and has seen an almost three-fold rise in the number of people requiring government assistance, and among urban communities in low and middle-income countries, which are being dragged into destitution by job losses, especially in the mining sector. Millions of people are out of work in Brazil, Chile and Colombia, which have all attempted to re-open sectors of their economies but were hit with fast-spreading infections.About 1drop Inc.1drop Inc. aims to provide a solution to manage health with a drop of fluid. It has the key technologies for becoming a global leading company in the field of smart health care. 1copy™ COVID-19 qPCR Multi Kit can reduce the risk of asymptomatic and latent infection of COVID-19 by a single virus level limit of detection. Additional information on 1drop Inc. is available at www.1drop.co.krAbout DatametrexDatametrex AI Limited is a technology-focused company with exposure to Artificial Intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com). Datametrex’s mission is to provide tools that support companies in fulfilling their operational Health and Safety goals with predictive and preventive technologies. By working with companies to set a new standard of protocols through Artificial Intelligence and health diagnostics, the Company provides progressive solutions to support the supply chain.Additional information on Datametrex is available at www.datametrex.comFor further information, please contact:Marshall Gunter – CEO
Phone: (514) 295-2300
Email: mgunter@datametrex.com
Neither the TSX Venture Exchange nor it’s Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsThis news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy.Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

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Gained Traction over the Past Few Years due the Rising Need for Energy Efficient Solutions in the Residential Sectors: Global Smart Thermostats Market

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Covina, CA, July 06, 2020 (GLOBE NEWSWIRE) —The global smart thermostats market accounted for US$ 1.5 billion in 2019 and is estimated to be US$ 12.5 billion by 2029 and is anticipated to register a CAGR of 23.5%The report “Global Smart Thermostats Market, By Component (Display, Motion Sensor, Humidity Sensor, Temperature Sensor, and Others), By Network Technology (Wired Technology and Wireless Technology (Wi-Fi, Z-Wave, Zigbee, and Bluetooth)), By Application (Residential, Commercial, Industrial, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) – Trends, Analysis and Forecast till 2029”.Key Highlights:Nest Labs, Inc. offers networking products. The Company designs and manufactures a sensor-driven, Wi-Fi enabled, learning, and programmable thermostat. Nest Labs operates in the United States.Emerson Electric Co. designs and manufactures electronic and electrical equipment, software, systems, and services. The Company offers its products for industrial, commercial, and consumer markets worldwide through its network power, process management, industrial automation, climate technologies, and commercial and residential solutions divisions.Request Sample PDF of this Business Intelligence Report @ https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/4376Analyst View:Speedy adoption of smart infrastructure in commercial and residential infrastructureTechnological advancements and shift in population towards convenient methods to remotely control electronic and electrical appliances drives the demand of the smart infrastructure. A smart thermostat is a device that is fitted in a smart infrastructure to provide users remote access to ambience heating or temperature. This offers benefits of switching heating systems through internet connected devices. Additionally, smart thermostats can also be arranged as per the need of users, which brings energy efficiency by limiting human error and negligence at times, which aids in the growth of smart thermostat market growth worldwide.Penetration of IoT and AI based technologiesAdvancements in IoT and AI has modernized electronic systems and devices. Additionally, the adoption of artificial intelligence in thermostats has advanced programmable thermostats to smart ones. Smart thermostat provides self-learning abilities and learn the user behavior over time. Thereby, automatically regulating temperature of the atmosphere. Smart thermostats are designed for connection over Wi-Fi and further advancements in these smart devices provides access to them via voice control, which boosts smart thermostat market growth across the globe.Ask for a Discount on the Current Pricing @ https://www.prophecymarketinsights.com/market_insight/Insight/request-discount/4376Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Smart Thermostats Market”, By Component (Display, Motion Sensor, Humidity Sensor, Temperature Sensor, and Others), By Network Technology (Wired Technology and Wireless Technology (Wi-Fi, Z-Wave, Zigbee, and Bluetooth)), By Application (Residential, Commercial, Industrial, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) – Trends, Analysis and Forecast till 2029Key Market Insights from the report:        The global smart thermostats market accounted for US$ 1.5 billion in 2019 and is estimated to be US$ 12.5 billion by 2029 and is anticipated to register a CAGR of 23.5%. The market report has been segmented on the basis of component, network technology, application, and region.By component, the global smart thermostats market is segmented into display, motion sensor, humidity sensor, temperature sensor, and others.By network technology, wireless technology is projected to offer great growth opportunity for the growth of global smart thermostat sensor market. Wireless network technology is further sub segmented into Wi-Fi, Z-Wave, Zigbee and Bluetooth.By application, commercial application segment involves healthcare, office building, and retail etc. Other Segment involves educational buildings such as school and colleges. Among all these application, residential applications are projected to grow expressively in the coming years due to the rising awareness about energy saving devices among consumers, advancement in home automation technology, and increasing demand of connected homes or smart homes.By region, The North American regional market is projected to lead the global industry owing to growing demand for managing energy consumption solutions and a wide distribution network of key manufacturers in the region. The rising average unit rate of power is inspiring household consumers, industries, and enterprises to implement smart energy solutions, which is one of the basic reasons for the market growth.To know the upcoming trends and insights prevalent in this market, click the link below:https://www.prophecymarketinsights.com/market_insight/Global-Smart-Thermostats-Market-4376Competitive Landscape:The prominent player operating in the global smart thermostats market includes Nest Labs, Inc., Emerson Electric Co., Ecobee Inc., Hive Home, Tado GmbH, Schneider Electric, Honeywell International Inc., Carrier Corporation, Siemens, Emerson Electric, and Vivint.The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.About Prophecy Market InsightsProphecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.Some Important Points Answered in this Market Report Are Given Below:Explains an overview of the product portfolio, including product development, planning, and positioningExplains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.Detailed analysis of the market revenue over the forecasted period.Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.Study on the segments that are anticipated to dominate the market.Study on the regional analysis that is expected to register the highest growth over the forecast periodKey Topics CoveredIntroductionStudy DeliverablesStudy AssumptionsScope of the StudyResearch MethodologyExecutive SummaryOpportunity Map AnalysisMarket at GlanceMarket Share (%) and BPS Analysis, by RegionCompetitive LandscapeHeat Map Analysis Market Presence and Specificity AnalysisInvestment AnalysisCompetitive AnalysisBROWSE RELATED REPORTS:Global DINRail Thermostats MarketGlobal Commercial Vehicle Thermostat MarketTo know more Contact Us:
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Patriot One Provides PATSCAN™ Platform Update

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TORONTO, July 06, 2020 (GLOBE NEWSWIRE) — Patriot One Technologies Inc. (TSX: PAT) (OTCQX: PTOTF) (FRANKFURT: 0PL) (“Patriot One” or the “Company”), offers the latest update on its PATSCAN™ Multi-Sensor Threat Detection Platform.
In May 2020, Patriot One’s Product Development Team responded to the Covid19 Pandemic as part of the Canadian Digital Technology Supercluster Covid19 Program.  The Company secured up to $4.5 million (CAD) in co-investment funding under a two-stage program that includes development and deployment of (i) a thermal screening module that highlights persons presenting with elevated temperatures in real-time, using commodity-priced thermal cameras, (ii) additional computer modules that detect the presence or non-presence of medical and non-medical masks and face coverings, and the ability to highlight persons and problem areas where social distance requirements are not being maintained, and (iii) cross-location temperature monitoring to help the prediction of future outbreaks based on the overall trending and the combination of quantifiable indicators. Stage One comprises up to $2.25 million in investment to demonstrate the development of the modules over a four to six-month timeframe with on-site deployments with five or more co-development customers.  In Stage Two, Patriot One will receive a second investment advance of up to $2.25 million over a six to eight-month timeframe to refine the Health & Safety Modules and redeploy with Stage One partners and customer(s). Patriot One’ s new Health & Safety modules are additional video object recognition solutions that are integrated into the PATSCAN™ Multi-Sensor Threat Detection Platform, which also includes weapon detection, disturbance and fight detection modules.  The Health & Safety Modules use standard medium resolution thermal cameras, powered with the PATSCAN AI software to identify and analyze instances of elevated body temperature.  Any anomalous detection outside a nominal body temperature range will result in an immediate alert, which will be instantly transmitted to onsite security for further action.  In addition, Patriot One’s Xtract.ai division, in collaboration with Amazon Web Services, Vancouver General Hospital, University of British Columbia (“UBC”), and SapienML, helped radiologists identify the increased risk of the COVID19 virus.   This  project was led by Dr. Savvas Nicolaou and Dr. William Parker and supported by the UBC Community Health and Wellbeing Cloud Innovation Center (UBC-CIC) which has a mission to solve real-world challenges that materially benefit British Columbia and the world.  Data captured from CT and X-ray scans from around the world, are being reviewed and annotated by 4 radiologists, who are labelling each image to segment them into three classes: background, normal lung, and Ground Glass Opacity (“GGO”). The percentage of lung volume affected by GGO is a leading indicator for COVID-19, and the development of an automated approach to assess this can greatly assist medical practitioners to quickly diagnose early onset of the virus. Beyond the PATSCAN VRS modules highlighted above, Patriot One’s product and engineering teams have been hard at work on the development of the PATSCAN™ Multi-Sensor Gateway, which combines multiple sensors with select proprietary detection technologies into one gateway system.  As shared previously, by combining multiple sensors with the PATSCAN Artificial Intelligence neural network system (developed by the XTRACT.ai team), the Gateway’s overall performance level is dramatically enhanced and shows improved detection of personal concealed weapons..  The Patriot One product and engineering teams have been working side-by-side on the development and testing of the integrated Gateway solution. The result is a leading-edge, touchless detection technology that will save lives and modern society’s way of life. The PATSCAN™ Multi-Sensor Gateway will help protect on-site security, staff and visitors against weapons and other physical threats at building and venue entrances, as well as help identify potential viral threats with the addition of the thermal video recognition module. The PATSCAN™ Multi-Sensor Gateway (MSG 1.0) for Fastlane threat detection is planned for release to the North American market in August 2020 with several Gateway trial installations starting as early July 2020. In other news, Patriot One announces it has engaged Native Ads Inc. (“Native Ads”) to execute a comprehensive digital media marketing campaign for the Company.  This programmatic digital advertising campaign will run for 12 weeks for a total spend of US$120,000, including content creation, web development, media buying and distribution, advertising creative development, campaign reporting and optimization.Respectfully“Martin Cronin”Martin Cronin, CEOAbout Patriot One
Patriot Ones’ mission is to deliver innovative threat detection and counter-terrorism solutions for safer communities. Our PATSCAN™ Multi-Sensor Covert Threat Detection Platform provides a network of advanced sensor technologies with powerful next generation AI/machine learning software. The network can be covertly deployed from far perimeter to interiors across multiple weapons-restricted facilities. The PATSCAN™ platform identifies and reports threats wherever required; car park, building approach, employee & public entryways and inside the facilities. Each solution in the platform identifies weapons, related threats or disturbances, or potential health and safety threats for immediate security response. Our motto Deter, Detect and Defend is based on the belief that widespread use of the PATSCAN™ platform will act as an effective deterrent to diminish the epidemic of active threats around the globe. For more information, visit: www.patriot1tech.com or follow us on Twitter and Facebook.
About Native Ads
Native Ads is a full-service ad agency and operator of a programmatic ad exchange. Neither Native Ads, nor any of its directors and officers, own any securities of the Company.
For further information, please contact:Patriot One Inquiries
info@patriot1tech.com
www.patriot1tech.com
Investor Relations
John Martin, Patriot One                                   
+1 (888) 728-1332                                                                             
johnm@patriot1tech.com                                                                
Media Contacts:
Scott Ledingham, Patriot One                                          
+1-613-806-7135                                                                               
scott@prmedianow.com
CAUTIONARY DISCLAIMER STATEMENT:
No securities exchange has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release. This news release contains forward-looking statements relating to system sales, product development, licensing, commercialization and regulatory compliance issues and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects”,” believes”, and similar expressions. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include counterparty default and other risks detailed from time to time in the filings made by the Company with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.
Neither the Toronto Stock Exchange (TSX) nor its Regulation Services Provider (as that term is defined in policies of the TSX) accepts responsibility for the adequacy or accuracy of this release. 

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