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Artificial Intelligence

KBC Group launches its own AI fintech, DISCAI, a separate legal entity.

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Joint Press release

Outside trading hours – Regulated information*

Brussels, 7 March 2022 8.00 a.m. CET

KBC Group launches its own AI fintech, DISCAI,

a separate legal entity.

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Through DISCAI, KBC Group commercialises its portfolio of  Artificial Intelligence applications, starting with the launch of an AI application designed for the combat against money laundering.

Through its own fintech DISCAI, a fully owned subsidiary, KBC Group is commercialising the innovative Artificial Intelligence applications it develops in-house to third parties, specifically B2B parties. The first application available focuses on the combat against money laundering.

DISCAI will pursue a gradual go-to-market approach and will work with partners for the distribution and integration of these applications.

DISCAI will initially offer an innovative and high-performance AI-based solution that closely monitors money laundering (‘Know Your Transaction’ under anti-money laundering regulations). In a next phase, it will assist companies and organisations from various sectors in their search for high-performance and innovative solutions to the technological and regulatory challenges in their particular area of business. DISCAI is also partnering with KPMG who will attract interested B2B parties and support the implementation of the technology in various countries.

KBC had already indicated at the start of 2021 that it was considering making its own technology – including anti-money laundering controls – accessible to other companies and organisations. This type of ‘bank-insurance as a service’ is fully in line with KBC’s strategy to go beyond its traditional bank-insurance offering.

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With this in mind, KBC Group is now grouping together the AI solutions it developed in-house into a separate company, DISCAI, which will gradually release these applications onto the market. DISCAI will also train the data models, using databases provided by customers, while adhering to strict data privacy standards.

KBC’s AI team currently has over 100 staff and, in recent years, has worked with experts from KBC’s business and IT departments to develop technologies and applications that can be used more widely than in the financial sector alone.

DISCAI will initially offer an innovative and high-performance AI-based solution that closely monitors money laundering (‘Know Your Transaction’ under anti-money laundering regulations). This solution has been tested extensively in recent years by KBC in Belgium, before being validated in collaboration with a renowned external organisation.

DISCAI is collaborating with KPMG Belgium to attract interested B2B parties and support the implementation of the technology within the global network of KPMG firms. The initial focus will be on parties that are geographically close to KBC Group and on integrating the solution at these parties.

Johan Thijs, KBC Group CEO, is delighted with the establishment of DISCAI: ‘In recent years, we have built up considerable expertise in the field of artificial intelligence at KBC. More than a hundred experts are working every day to unlock the enormous potential of this technology. I’m convinced that the know-how we are channelling into DISCAI will enable us to assist many companies and organisations from various sectors in their search for high-performance and innovative solutions to the technological and regulatory challenges in their particular field.’

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Enthusing about the partnership, Harry Van Donink, KPMG Belgium CEO, stated: “As a proud implementation partner of KBC, we will jointly leverage our expertise in technology, banking, and our international network. Like KBC, KPMG embraces innovations in technology to improve business performance and efficiency. This alliance is also a strategic step that solidifies trust in our services and our market leadership in fintech and technology.”

David Hicks, Global Financial Crime Transformation Lead, KPMG International adds, “This is a really exciting initiative in the fight against financial crime. Merging KPMG’s market leading expertise with innovative technology solutions and integrating it into our 145-country strong network, will advance the global reach to bring KBC and DISCAI’s technology to our clients across the world. I am proud and excited to see this alliance come alive.”

DISCAI was launched today, with Fabrice Deprez as its CEO and a dedicated team of experts in AI, data science, data engineering and banking. Fabrice is a 48-year-old, trilingual Belgian commercial engineer who, until his appointment at DISCAI, was the Managing Director of LACO, a Belgian-based IT consultancy firm specialising in data intelligence. He previously held consulting and management positions at Accenture, Deloitte, IBS and CSC.

Fabrice Deprez summarized DISCAI’s solution : “Anti-money laundering is a global challenge for financial institutions. Financial institutions have a regulatory obligation to report suspicious behaviour linked with Money Laundering and substantial fines are linked with non-compliance. The current approach based on legacy rule based solutions requires a lot of manual control, and misses an important number of money laundering cases. DISCAI is now offering an innovative and high-performing AI-based solution that closely tracks money laundering. It has been tested extensively in Belgium and within the KBC Group entities and proves to be much more effective in detecting fraud cases and in catching more potential money launderers, which will support a fair society”.

The Board of Directors of DISCAI will comprise Johan Thijs (KBC Group CEO), Erik Luts (Chief Innovation Officer, KBC Group), Willem Hueting (Senior General Manager, Shared Service & Operations, KBC Group) and Barak Chizi (Senior General Manager/Chief Data & Analytics Officer, KBC Group).

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For more information, please contact:

KBC Group :

Viviane Huybrecht, General Manager, Corporate Communication/Spokesperson, KBC Group

Tel +32 2 429 85 45 – E-mail: [email protected], [email protected]

Website : www.kbc.comwww.discai.com

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Kurt De Baenst, General Manager, Investor Relations, KBC Group

Tel +32 2 429 35 73 – E-mail: [email protected]

KPMG Belgium :

Filip Weynants, Partner, Risk and Regulatory, KPMG Belgium

Tel +32(0)477407565 E-mail: [email protected]  

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Website : KPMG in Belgium – KPMG België (home.kpmg)

* This news item contains information that is subject to the transparency regulations for listed companies.

KBC Group NV

Havenlaan 2 – 1080 Brussels

Viviane Huybrecht

General Manager

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Corporate Communication /Spokesperson

Tel. +32 2 429 85 45

Press Office

Tel. +32 2 429 65 01 Stef Leunens

Tel. +32 2 429 29 15 Ilse De Muyer

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Tel. +32 2 429 32 88 Pieter Kussé

Tel. +32 2 429 85 44 Sofie Spiessens

E-mail: [email protected]

KBC press releases are available at www.kbc.com or can be obtained by sending an e-mail to [email protected]

Follow us on www.twitter.com/kbc_group
Stay up-to-date on all innovative solutions

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Artificial Intelligence

Grant Cardone Lists $42M Miami Mansion on Blockchain Real Estate Platform Propy

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American best-selling author, businessman, and investor chooses Propy’s onchain real estate platform to list Golden Beach, Florida, house.
MIAMI, July 2, 2024 /PRNewswire/ — Propy, a technology company revolutionizing real estate via blockchain and AI, today announced that high-profile American entrepreneur Grant Cardone has listed a Golden Beach, Florida, private property for sale on Propy’s blockchain-based real estate platform with an asking price of $42,000,000 accepting cryptocurrency. This marks the first venture into emerging technologies in proptech for Cardone, a serial founder, best-selling author, equity fund manager, and business and real estate investor. The home is listed on the Propy marketplace with the deed minted onchain.

Propy simplifies the home-purchasing experience and eliminates fraudulent transactions by using a decentralized title registry and an escrow settlement protocol for securely storing land records and facilitating transactions, as well as accepting or converting cryptocurrency if a buyer chooses this form of payment. Leveraging the immutability of the blockchain, Propy ensures that buyer and seller private information is secure throughout the transaction. Automating and bringing the entire process online and onchain enables closing on a property to be faster, easier, and more secure than the outdated, traditional real estate transaction model.
Commenting on the listing, Grant Cardone said, “We are all in on blockchain revolutionizing real estate. We are leveraging top-tier technology to make transactions seamless and unstoppable. This is the future of real estate, and we’re leading the charge!” 
The private address is minted on PropyKeys protocol – an onchain tokenized address market developed on the Base network (Coinbase Layer 2 on Ethereum). PropyKeys brings real estate onchain through NFT home addresses and aims to bring one million home addresses onchain by 2025. The Propy marketplace also grants prospective buyers the option to pay using Bitcoin or US dollars.
Natalia Karayaneva, Founder and CEO of Propy, said, “It is a privilege for us to be the platform of choice for high-end property sellers, enhancing our offering to our community of high net-worth individuals, investors, and crypto buyers. With Propy’s advanced blockchain rails, compliant crypto and dollar payments, and unwavering focus on privacy, our clients can confidently navigate the closing process. The inclusion of Cardone’s listing in BTC and USD on Propy, minted with our latest privacy deed feature, highlights our leadership in the intersection of real estate and crypto.”
Additional details on the Cardone property are available on Propy’s website. Interested parties should contact the listing agent for viewings and further details.
Natalia Karayaneva, Founder and CEO of Propy, is available for interview upon request.
About Propy:
Propy is a US-licensed title company and a pioneering platform leveraging blockchain and AI technology to facilitate seamless transactions of real-world assets (RWA), specifically focused on revolutionizing global real estate markets. As an industry leader, Propy specializes in providing secure and efficient solutions, ensuring an enhanced experience for buying and selling properties worldwide.
Website | Facebook | X 
Photo: https://mma.prnewswire.com/media/2452961/Grant_Cardone_mansion.jpg
 

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Artificial Intelligence

DataLend: Securities Lending Revenue Down 16% Year-Over-Year to $2.53 Billion in Q2 2024

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datalend:-securities-lending-revenue-down-16%-year-over-year-to-$2.53-billion-in-q2-2024

Global revenue declines year-over-year due to lagging equities performance in the U.S. and EMEA
NEW YORK, July 2, 2024 /PRNewswire/ — The global securities finance industry generated $2.53 billion in revenue for lenders in the second quarter of 2024, according to DataLend, the market data service of fintech EquiLend. The figure represents a 16% decrease from the $3.00 billion generated in Q2 2023.

Global broker-to-broker activity, where broker-dealers lend and borrow securities from each other, generated an additional $696 million in revenue during Q2, a 9% decrease year-over-year.
Regionally, equity revenue fell 33% in EMEA and 19% in North America compared to the same period last year. A 22% decline in fees in North America and a 23% dip in EMEA accounted for the majority of the decreased revenue. Equity revenue in APAC increased 8% thanks to a 13% increase in fees.
Global fixed income performance declined by 11% in Q2 year-over-year. While revenue from government securities was roughly flat, corporate debt revenue fell by 32%, a regression of a trend which saw corporate bonds running hot through much of 2022 and 2023.
In June 2024, the global securities finance industry generated $790 million in revenue for lenders. The figure represents a 11% decrease year-over-year from the $888 million generated in June 2023. Broker-to-broker activity totaled an additional $207 million in revenue in June, also an 11% decrease year-over-year.
The top five earners in June 2024 were Lucid Group (LCID US), Trump Media & Technology Group (DJT US), Canopy Growth Corporation NPV (CGC US & WEED CN), Beyond Meat Inc. (BYND US) and ImmunityBio Inc. (IBRX US). In total, the group generated $56 million in revenue in the month.
Bloomberg Terminal users can subscribe to EquiLend’s exclusive Orbisa securities lending data by entering terminal shortcut APPS ORBISA or clicking the following link: https://blinks.bloomberg.com/screens/apps%20orbisa.
About DataLend 
DataLend, the market data service within EquiLend’s Data & Analytics Solutions group, tracks daily market movements across more than 200,000 securities, covering $35 trillion in lendable assets and $2.6 trillion in on-loan assets for the securities finance market. www.datalend.com
About EquiLend
EquiLend is a global financial technology firm offering Trading, Post-Trade, Data & Analytics, RegTech and Platform Solutions for the securities finance industry. With offices in North America, EMEA and Asia-Pacific, EquiLend operates across various jurisdictions worldwide, adhering to the highest regulatory standards. The company is committed to excellence and innovation and is consistently recognized for its contributions to the industry. EquiLend is Great Place to Work Certified™ in the U.S., UK, Ireland and India and has been honored as the Best Post-Trade Service Provider Globally, Best Market Data Provider Globally and for its outstanding Diversity & Inclusion initiatives in the Securities Finance Times Industry Excellence Awards 2023. www.equilend.com
Logo – https://mma.prnewswire.com/media/1060364/EquiLend_Logo.jpg

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Artificial Intelligence

Endpoint Security Market to Transcend USD 36.01 billion by 2031 Owing to Cutting-Edge Cybersecurity in Safeguarding Online Infrastructure| SkyQuest Technology

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endpoint-security-market-to-transcend-usd-36.01-billion-by-2031-owing-to-cutting-edge-cybersecurity-in-safeguarding-online-infrastructure|-skyquest-technology

WESTFORD, Mass., July 2, 2024 /PRNewswire/ — According to SkyQuest, the global Endpoint Security Market size was valued at USD 10.40 billion in 2022 and is poised to grow from USD 11.94 billion in 2023 to USD 36.01 billion by 2031, growing at a CAGR of 14.8% in the forecast period (2024-2031).

Organizations use advanced security solutions as their first line of defense in cybersecurity to protect their company network infrastructure. Market expansion is anticipated as Bring Your Own Device (BYOD) policies are implemented more frequently. For instance, the web threat intelligence detection XDR solution FortiXDR was introduced by Fortinet, Inc. BlackBerry Limited introduced the managed detection and response (MDR) service in a similar manner. Additionally, for endpoint security, Broadcom, Inc. has introduced Adaptive Protection. Solutions are heavily reliant on emerging technology, including cloud computing, artificial intelligence (AI), the Internet of Things (IoT), and others.
Download a detailed overview:
https://www.skyquestt.com/sample-request/endpoint-security-market
Endpoint Security Market Overview: 
Report Coverage 
Details 
Market Revenue in 2023 
$ 11.94 billion 
Estimated Value by 2031 
$ 36.01 billion 
Growth Rate 
Poised to grow at a CAGR of 14.8% 
Forecast Period 
2024–2031 
Forecast Units 
Value (USD Billion) 
Report Coverage 
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends 
Segments Covered 
Component, Enforcement Point, Enterprise Size, End-User and Deployment
Geographies Covered 
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Report Highlights 
Updated financial information / product portfolio of players 
Key Market Opportunities 
Rising Number of Connected Devices
Key Market Drivers 
Rising trend of BYOD 
Segments covered in Endpoint Security Market are as follows:
ComponentSolutions (Endpoint Protection Platform (EPP) (Antivirus, Anti-Spyware/Anti-Malware, Firewall, Endpoint Device Control, Intrusion Prevention, Endpoint Application Control, Others), Endpoint Detection and Response (EDR)), Services (Professional Services (Training and Consulting, Integration and Implementation, Support and Maintenance), Managed Services)Enforcement PointWorkstations, Mobile Devices, Servers, Point of Sale Terminals, OthersEnterprise SizeLarge Enterprises, Small and Medium Enterprises (SMEs)End-UserGovernment & Public Sector, BFSI, Healthcare, IT & Telecom, Transportation, Education, Manufacturing, Retail & e-commerce, OthersDeploymentCloud, and On-PremiseRequest Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/endpoint-security-market
Large Enterprises Redefining Endpoint Security in Global Arena
The worldwide endpoint security market is shaped in large part by the size of the enterprise. The need for comprehensive and scalable solutions is generally driven by large organisations, whilst small and medium-sized enterprises (SMEs) prioritise cost-effective security measures that are suited to their specific needs. Market strategies and product development are influenced by this segmentation to effectively meet the diverse needs and budgets of organisations.
Large corporations have a great deal of influence in the global endpoint security market, owing to their sizable financial backing for all-encompassing cybersecurity solutions. By fitting by the artificial intelligence and machine learning technology as well as having the wide network infrastructure and following to regulation guidelines strictly, they hold an exclusive position to enhance ingenuity and expand market and at the same time set up security standards in the industry.
SMEs being small and financially limited create a big part of the world’s endpoint security demand driving demand for trustworthy, low-priced security solutions. Small and financially constrained firms need help protecting themselves from cyber threats as they tend to adopt new tech fast, yet they face higher risks of online attacks. This is due to SMEs are quick in adopting new technologies but are also at risk from online attacks.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/endpoint-security-market
Optimizing Performance through Strategic Deployment in Endpoint Security
Deployment in the worldwide endpoint security sector signifies the activities involving placing security systems into operation and orchestrating these solutions across various networks and gadgets. It is proverbial that deploying well means better protection from cyber-attacks, fewer weak points, more speed thereby preserving invaluable information for all organizations worldwide.
In the worldwide endpoint security industry, on-premises deployment gives users more control and customisation by installing security solutions directly on local servers and devices. This method is critical for companies with strict regulations on data security since it ensures that they adhere to legal requirements, directly control their sensitive information thereby upholding strong security and operational integrity.
In the worldwide endpoint security industry, cloud deployment uses remote servers to offer flexible, scalable security solutions. This approach is central in enabling organization to promptly respond to fresh dangers, reduce infrastructure budget and maintain reliable real time security on all endpoints as it is easy to incorporate, affordable and allows immediate updates.
Crucial Role of Enterprise Size and Advanced Deployment Strategies To turn Fruitful
Modern advanced security solutions are essential for safeguarding organisational network infrastructures in the quickly changing digital landscape of today. The increased spread of BYOD policies is driving demand for such cutting-edge solutions as Broadcom’s Adaptive Protection, BlackBerry’s MDR, and Fortinet’s FortiXDR. Advanced technology adoption, compliance, and scalability are key priorities for big enterprises, which use their large resource bases, while small and midsize businesses are pushing for good quality and affordable cybersecurity solutions. Efficient implementation, regardless of on-premises or cloud-based options, guarantees all-encompassing security and uninterrupted operations, providing defence against the continuously increasing risk of cyberattacks.
Related Reports:
Cyber Security Market
Network Security Market
Managed Security Services Market
Cloud Security Market
Application Security Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific. 
Contact:Mr. Jagraj SinghSkyQuest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/
Logo : https://mma.prnewswire.com/media/2446095/SkyQuest_Logo.jpg
 

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