Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

Life Clips Subsidiary Belfrics Selects Coincover Technology To Secure Its Customer’s Crypto Assets

Published

on

AVENTURA, Fla., Dec. 02, 2021 (GLOBE NEWSWIRE) — Life Clips, Inc. (OTC Pink: LCLP) (the “Company”), announced today that Belfrics India has selected Coincover’s Consumer Protect technology to help safeguard its client’s crypto assets. Belfrics is a global blockchain and cryptocurrency exchange firm. Its multi-feature trading platform for digital assets and cryptocurrencies includes Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH) and Belrium (BEL) among others. Founded in 2014, Belfrics is headquartered in Malaysia and operates in seven countries, including India. Coincover is the world’s first provider of protection for cryptocurrency.

According to recent data by TripleA, India now has the largest number of crypto owners in the world with over 100 million owning cryptocurrencies, or 7.3% of the populationi. Demand continues to grow as more Indians are working for overseas companies and are choosing to be paid in crypto over traditional currencies because of the ease of conducting international transfers and lower transaction fees compared to bank transfers. The total volume of crypto transactions in India has increased by 30% in the last year. ii

Coincover Consumer Protect is an insurance-backed guarantee that protects crypto investors against hacks, scams, theft, malware, phishing and brute force attacks. The Consumer Protect technology monitors and limits customer transactions to help prevent malicious activity and is backed by insurance from Lloyd’s of London in case of loss.

“We are very excited to help Belfrics protect their customer’s crypto investments,” said David Janczewski, co-founder and CEO at Coincover. “Our technology provides peace of mind for investors and will enable Belfrics to stand out amongst their competitors in India.”  

Research shows that the demand for crypto and blockchain technology will continue to grow over the next three years, with the market estimated to grow exponentially from $3 billion USD in 2020 to $39.7 billion USD in 2025. Blockchain technology will also continue to provide value-add to businesses (primarily in the finance, private, healthcare and retail sectors) by an estimated $3.1 trillion USD by 2030.

“We are very excited to help Belfrics protect their customer’s crypto investments. Our technology provides peace of mind for investors and regulators alike, and will enable Belfrics to attract new customers to crypto,” said David Janczewski, CEO at Coincover. “Global growth has been phenomenal in the past 18 months and Coincover is helping investors enter this high-growth market by mitigating risk and improving insight.”

Praveen Kumar, founder & CEO at Belfrics Global, said, “Crypto continues to gain acceptance globally and adoption is accelerating in India. With 1.38 billion people, India holds the potential for significant growth in the next few years. Coincover enables us to better attract potential crypto investors by reducing uncertainty and risk. We believe this reassurance will draw a whole new category of investors to cryptocurrency in India.”

One of the primary concerns among investors is to make sure their assets are protected on the platform. Like other financial institutions, regulated exchanges are required to segregate clients’ and firms’ assets. Clients’ assets including digital assets are stored on separate accounts and wallets, under an associated entity, owned by the exchange.

Life Clips CEO Robert Grinberg said, “Assets such as cash, bonds or stocks are usually held by third-party custodian’s such as a bank. However, this is not the case for digital assets. Crypto such as Bitcoin, Ethereum, and Belrium are much different from traditional assets. They are built on blockchains and managed through private keys. The protection of our clients’ assets will always be one of our top priorities. This agreement with Coincover Technology provides Belfrics’ customers with an extra layer of protection.”

About Life Clips

Life Clips is the parent company of Belfrics Global and Cognitive Apps Software Solutions Inc. Belfrics Global is a Malaysian based blockchain provider and cryptocurrency exchange and platform that is licensed and regulated by Labuan Financial Services Authority (LFSA), Malaysia. With 10 operational offices in 8 countries, Belfrics’ multi-feature trading platform offers digital assets, cryptocurrencies, and crypto derivative contracts to its clients. Belfrics blockchain has been recognized by Gartner as being a top 10 blockchain in terms of real-world projects and has received a patent for its Belrium KYC verification System (BKVS) by the Nigerian patent authority. Cognitive Apps is disrupting the space of mental health with its speech-based, AI-powered mental health analytics platform that empowers businesses to measure, understand, and improve the mental well-being of their employees, patients, and customers. Aiki delivers CBT and IPT therapies using a chatbot which and includes the Yuru voice analysis solution that takes in other health data from Apple and Google HealthKit to make a more accurate analysis of one’s mental health. Aiki was developed to capitalize on the trend towards artificial intelligence platforms utilized by employers to raise awareness of employees’ mental health. Cognitive Apps’ Yuru is a 3-in-1 tool developed by a team of licensed psychotherapists that makes use of vocal biomarkers to screen for early signs of mental health conditions, such as stress and depression. Yuru is available on Apple‘s App Store.

For more information on Life Clips visit www.lifeclips.com

For more information on Belfrics Global visit www.belfricsgroup.com

For more information on Cognitive Apps Software Solutions visit https://cogapps.com

Forward-Looking Statement Disclaimer

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements: (i) the initiation, timing, progress and results of the Company’s research, manufacturing and other development efforts; (ii) the Company’s ability to advance its products to successfully complete development and commercialization; (iii) the manufacturing, development, commercialization, and market acceptance of the Company’s products; (iv) the lack of sufficient funding to finance the product development and business operations; (v) competitive companies and technologies within the Company’s industry and introduction of competing products; (vi) the Company’s ability to establish and maintain corporate collaborations; (vii) loss of key management personnel; (viii) the scope of protection the Company is able to establish and maintain for intellectual property rights covering its products and its ability to operate its business without infringing the intellectual property rights of others; (ix) potential failure to comply with applicable health information privacy and security laws and other state and federal privacy and security laws; and (x) the difficulty of predicting actions of the government and its regulations. All forward-looking statements included in this press release are made only as of the date of this press release. The Company assumes no obligation to update any written or oral forward-looking statement unless required by law.

For Media and Investor Relations, please contact:

David L. Kugelman
(866) 692-6847 Toll Free – U.S. & Canada
(404) 281-8556 Mobile and WhatsApp
[email protected]
Skype: kugsusa
https://www.linkedin.com/in/davidkugelman/

i TripleA, Cryptocurrency Across the World 2021, https://triple-a.io/crypto-ownership/
ii https://media.consensys.net/gartner-blockchain-will-deliver-3-1-trillion-dollars-in-value-by-2030-d32b79c4c560

 

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Exiger Launches Proactive Intelligence, Led by Fortune 500 Intelligence and Supply Chain Executive Mary Luciano

Published

on

exiger-launches-proactive-intelligence,-led-by-fortune-500-intelligence-and-supply-chain-executive-mary-luciano

Supply chain AI leader introduces new proactive capability, empowering organizations to cut through noise and outpace disruption
WASHINGTON, May 6, 2024 /PRNewswire/ — Exiger, the market-leading supply chain and third-party risk AI company, today launched a new Proactive Intelligence capability to empower major corporations and governments with advanced predictive risk analytics, complete and accurate supplier data, and insights into supply chain crises – from natural disasters to infrastructure failures and geopolitical conflicts – as they arise.

Development and deployment will be led by Exiger’s new Vice President & Global Head of Proactive Intelligence, Mary Luciano, who previously led the Supply Chain Risk Management and Intelligence Team at Amazon Web Services (AWS) and the Global Intelligence Team at Hilton, in addition to a significant tenure as an FBI Intelligence Analyst. Luciano brings an incredible depth of experience in crisis response, global regulation, supply chain resilience, counterrorism, intelligence analysis and supplier risk management.
“We hired Mary to spearhead a proactive resilience capability that’s essential to our customers’ ability to navigate an environment that brings new supply chain crises every day and demands more sophisticated, longer-term risk forecasting,” said Exiger CEO Brandon Daniels. “Mary will be a powerful asset for our customers, bringing first-hand experience leading responses to major disruptions and managing global operations at massive organizations and reacting to real-time threats in domains like counterrorism.”
Organizations are overwhelmed with a growing landscape of supply chain data that’s rife with inconsistencies. Exiger is leading the market in creating proprietary supplier, product and market data that provides a complete picture of an organization’s supplier ecosystem and proactively surfaces where fundamental shifts are emerging as well as where disruption is likely to occur. Luciano will oversee the new Proactive Intelligence capability, which will allow customers to prioritize the insights that impact them, both long-term as their risk landscape evolves and in the moment as crises strike. 
Proactive Intelligence will serve as an advanced overlay on top of 1Exiger, providing customers a real-time operational control experience to see how different events will impact them upstream, taking into account regulatory requirements, unique industry constraints, key associations, potential vulnerabilities and breaking developments as they unfold. Harnessing the power of Exiger’s AI, the advanced automated capability combines firmographic data, regulatory mapping and LLMs.
“I’m thrilled to join Exiger to deploy a capability that’s desperately needed,” said Luciano. “For all the data aggregators and solutions on the market, there’s a dearth of supply chain intelligence; Exiger is one of the only tools that offers comprehensive data and actionable insights. This leaves some organizations to make critical risk and compliance decisions with months-old supplier data that’s often incomplete or missing altogether, without taking into account recent changes, accuracy, the need for verification, the nuance around how a supplier is really associated with their organization and the larger value chains implicated. Exiger is already the leader in automated, relevant insight, and this new capability moves our customers even further down the decision curve.”
Proactive Intelligence will officially launch at Gartner’s Supply Chain Symposium/Xpo™ 2024 in Orlando, Florida, on May 6 – 8, 2024. Exiger is a Platinum sponsor for this year’s event. On May 7, Daniels will lead a session with Hope for Justice / Slave Free Alliance CEO Tim Nelson on “Empowering Ethical Sourcing: Eliminating Modern Slavery with Supply Chain Intelligence.” For more information on Proactive Intelligence, visit Exiger’s exhibitor booth (booth #542).
About Exiger
Exiger is revolutionizing the way corporations, government agencies and banks navigate risk and compliance in their third-parties, supply chains and customers through its software and tech-enabled solutions. Exiger’s mission is to make the world a safer and more transparent place to succeed. Empowering its 550 customers across the globe, including 150 in the Fortune 500 and over 55 organizations across the Defense Industrial Base and government agencies, with award-winning AI technology, Exiger leads the way in ESG, cyber, financial crime, third-party and supply chain management. Named one of Fast Company’s 2023 ‘Brands That Matter’ and recipient of the Third Party Risk Association’s 2024 Innovator Award, Exiger’s work has been recognized by 40+ AI, RegTech and Supply Chain partner awards. Learn more at Exiger.com and follow Exiger on LinkedIn.
For more information, please contact:Kody GurfeinChief Marketing Officer for [email protected] 
Photo – https://mma.prnewswire.com/media/2404699/Exiger_Proactive_Intelligence.jpg
Logo – https://mma.prnewswire.com/media/378374/Exiger_Blk_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/exiger-launches-proactive-intelligence-led-by-fortune-500-intelligence-and-supply-chain-executive-mary-luciano-302136062.html

Continue Reading

Artificial Intelligence

ICEYE Announces API That Allows Customers to Directly Task World’s Largest SAR Satellite Constellation

Published

on

iceye-announces-api-that-allows-customers-to-directly-task-world’s-largest-sar-satellite-constellation

Two new application programming interfaces (APIs) launched as the first in ICEYE’s wider API ecosystem, empowering customers to access critical data in response to time-sensitive demands.
HELSINKI, May 6, 2024 /PRNewswire/ — ICEYE, the global leader in synthetic aperture radar (SAR) satellite operations, announced the launch of two new application programming interfaces (APIs) that will give customers faster access to imagery from the world’s largest SAR satellite constellation through a self-driven, automated process.

The first API automates the satellite tasking process, enabling machine-to-machine interactions for this critical step. Customers who have built their own platforms to access commercial tasking services may now seamlessly integrate into the ICEYE space and ground architecture without a human-in-the-loop.  The second API automates the process for customers to request SAR imagery from ICEYE’s extensive catalog of over 60,000 archive images.
“We are thrilled to announce this new service, which makes the world’s largest SAR satellite constellation even more accessible to our customers,” said  John Cartwright, SVP and Head of Data Product. “Customers increasingly seek to integrate access to the ICEYE SAR constellation, the largest in the world, through their own platforms.  The end-to-end workflow automation we are releasing today puts this power directly in their hands so they can make smarter, data-driven decisions in near real-time.”
The launch of the API marks an important expansion in how ICEYE fields customer requests for SAR data. With the launch of the new APIs, customers can choose between API-based automation or continue to engage with ICEYE’s renowned 24×7 customer support team. All ICEYE customers undergo an extensive security review to ensure any SAR imagery accessed is used appropriately and shared with trusted parties.
“The new APIs enable efficient access to data from ICEYE’s constellation like never before. As a trusted partner to governments, civil, and commercial organizations, ensuring the appropriate use of our imagery is a top priority,” said Eric Jensen, CEO of ICEYE US. “We conduct rigorous security checks with all prospective customers, and those who meet ICEYE’s stringent standards will benefit from unprecedented access to ICEYE SAR data. ”
The two newly released APIs are the first in a series of APIs that ICEYE is creating to expand customer service and improve access to ICEYE data and imagery from around the world.
About ICEYE
ICEYE delivers unparalleled persistent monitoring capabilities to detect and respond to changes in any location on Earth, faster and more accurately than ever before.
Owning the world’s largest synthetic aperture radar (SAR) satellite constellation, ICEYE provides objective, near real-time insights, ensuring that customers have unmatched access to actionable data, day or night, even in challenging environmental conditions. As a trusted partner to governments and commercial industries, ICEYE delivers intelligence in sectors such as insurance, natural catastrophe response and recovery, security, maritime monitoring, and finance, enabling decision-making that contributes to community resilience and sustainable development.
ICEYE is headquartered in Finland and operates from five international locations. ICEYE has more than 600 employees, inspired by the shared vision of improving life on Earth by becoming the global source of truth in Earth Observation.
Media contact: [email protected]
Visit www.iceye.com and follow ICEYE on LinkedIn and X for the latest updates and insights.
 

View original content:https://www.prnewswire.co.uk/news-releases/iceye-announces-api-that-allows-customers-to-directly-task-worlds-largest-sar-satellite-constellation-302136486.html

Continue Reading

Artificial Intelligence

Alat boosts sustainable manufacturing capabilities with the launch of Electrification and AI Infrastructure business

Published

on

alat-boosts-sustainable-manufacturing-capabilities-with-the-launch-of-electrification-and-ai-infrastructure-business

RIYADH, Saudi Arabia, May 6, 2024 /PRNewswire/ — Alat, a PIF company focused on transforming global industries (electronics and industrials) and creating a world-class manufacturing hub in the Kingdom of Saudi Arabia, today announced at the Milken Institute Conference in Los Angeles, USA, the launch of two new business units – Electrification and AI Infrastructure. The two business units will address unprecedented  global demand for AI infrastructure and the urgent need to support global energy transition by  strengthening electricity grid technology.

Electrification is a key goal for Alat to not only strengthen grid technology for robust and increased use of technology, but also as the growth of electricity grows exponentially, with electricity being the key energy produced by solar, wind and hydrogen clean energy to power industrial processes. By combining Saudi Arabia’s rich resources of solar energy and other clean energy sources with electric powered industrial systems, Alat intends to manufacture solutions that will contribute significantly to the global energy transition and the decarbonization of industry.
The Electrification business unit will focus on transmission and distribution technologies. It will also include the connection of  renewable energy sources to the grid and latest technologies for gas and hydrogen generation and compression.
The AI Infrastructure business unit is focused on technology necessary for AI capabilities and encompasses network and communications equipment, servers, data center networking equipment, data centre storage, industrial edge servers, and industry 4.0 computing. The adoption of AI in combination with other industry 4.0 technologies including robotics, will enable a leap forward in smart manufacturing and the creation of intelligent factories. The AI Infrastructure Business Unit will not only manufacture solutions for Alat customers but will also contribute to Alat’s advanced technology goals.
Amit Midha, Global CEO at Alat, said: “I am pleased to announce these two exciting new divisions as they will make a significant contribution to Alat’s overall strategic goal of developing an advanced, sustainable future for industry.
The global electrification market size reached USD 73.64 billion in 2022 and it is expected to hit around USD 172.9 billion by 2032, growing at a CAGR of 8.91% between 2023 and 2032. The global AI Infrastructure market is experiencing remarkable growth, projected to reach a staggering US$460.5 billion by 2033, with a compelling CAGR of 28.3% over the decade. This growth is fueled by the increasing adoption of AI technologies across various industries, as organizations recognize the potential of AI to drive innovation, enhance decision-making processes, and automate tasks.
The launch of these business units is driven by global trends for energy-efficient computing, to mitigate the environmental impact of large-scale data processing and renewable energy integration by leveraging renewable energy sources such as solar, wind, and hydroelectric power into data centers and computing facilities. In addition, the future of AI infrastructure entails the design and construction of green data centers that prioritize energy efficiency, sustainability, and environmental responsibility.  AI infrastructure also intersects with electrification efforts in transportation, particularly in the development of autonomous vehicles and electric mobility solutions. AI-powered transportation systems leverage data analytics, machine learning algorithms, and sensor technologies to optimize route planning, traffic management, and vehicle performance, contributing to the widespread adoption of electric vehicles and reducing reliance on fossil fuels.
AI plays a crucial role in optimizing the operation and management of electric grids, enabling utilities to improve efficiency, reliability, and sustainability. AI-driven grid optimization solutions leverage advanced analytics, predictive modeling, and real-time control algorithms to balance supply and demand, integrate renewable energy sources, and enhance grid resilience in the face of disruptions or fluctuations.
Alat, a gold sponsor at the Milken Institute Conference in Los Angeles, USA, now has nine business units focused on sustainable technology manufacturing. Alat will invest US$100 billion by 2030 across these business units to develop key partnerships and build advanced manufacturing capabilities in Saudi Arabia to bring jobs and economic diversification to the Kingdom.
About Alat
Alat is a company focused on transforming global industries (electronics and industrials) and creating a world class manufacturing hub in the Kingdom of Saudi Arabia powered by clean energy to build a better tomorrow. Alat will deliver sustainable manufacturing to help global companies reduce their emissions and move towards carbon zero manufacturing.  Alat, a PIF company, is an essential enabler of the Vision 2030 goals for economic diversification, industrial development, innovation, and job creation.
Alat´s primary goal is to ensure that global companies set up sustainable manufacturing solutions in the Kingdom of Saudi Arabia, benefitting from abundant green energy resources, the country´s unique geolocation and its investments in technology. Initially its key strategic business areas will be semiconductors, smart devices, smart buildings, smart appliances, smart health, advanced industrials and next gen infrastructure technologies.  For more information visit www.alat.com 
 

View original content:https://www.prnewswire.co.uk/news-releases/alat-boosts-sustainable-manufacturing-capabilities-with-the-launch-of-electrification-and-ai-infrastructure-business-302136729.html

Continue Reading

Trending