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Nodeflux: Building Indonesia’s Banking Innovation with Face Recognition Technology

Chief Commercial Officer, Ivan Tigana; Chief Operating Officer, Adhi Murbini; and Group Product Manager, Richard Dhamardi at Nodeflux Road to Accelerate “The Trend of Appropriating Face Recognition in the Financial Industry”, Thursday, October 10th, 2019 at Nodeflux HQ, Kemang, Jakarta.
Vlad Poptamas

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Nodeflux, the first and the largest Vision AI company in Indonesia, introduces Face Recognition technology to obtain the most advanced banking automation in Indonesia. It has just been introduced on Nodeflux Road to Accelerate “The Trend of Appropriating Face Recognition in the Financial Industry”, Thursday, October 10th, 2019 at Nodeflux HQ, Kemang, South Jakarta.

The two speakers involved are Nodeflux own Chief Commercial Officer and Group Product Manager, Ivan Tigana and Richard Dhamardi respectively. They discussed the idea and how their Vision AI technology evolve continuously to optimize the security and transaction of digital banking in Indonesia.

“With VisionAlre, we present a new solution combining vision AI, input, and AI analytics, that has been applied in multiple researches and technological implementation conducted by Nodeflux for years. Alongside the development of our newest platform technology, VisionAIre Know-Your-Customer (KYC) improve the banking automatic verification in Indonesia” Richard Dharmadi conveyed.

According to research by Ernst & Young, automatic verification process or Electronic Know-Your-Customer (e-KYC) has become the solution to solve banking primary problems which are data accuracy and time efficiency. Different from the conventional method, with e-KYC, customers only need to upload their identification documents and photos to automatically verify their authenticity. AI technology in e-KYC has allowed the verification process to dwindle from the initial 18 minutes process to just 1 minute.

Therefore, through VisionAIre Know-Your-Customer (KYC) platform, Nodeflux presents Vision AI with the ability of analyzing face biometric or face recognition analytic and AI analytic to verify e-KYC data and customer authentication systems accurately.

Face recognition method is carried out with the concept of comparison between the input image and reference image which are identified as two types, namely one to one (1:1); comparison of one image input with one image reference; and one to many (1:N); comparison of one image input with a variety of images from different sides. Considering e-KYC’s needs, 1:1 method is used. The use of VisionAIre KYC is based on face recognition analytics consists of scanning all documents, yet still able to shorten data verification process that usually takes days. For the data management and verification, the process is integrated with a third-party institutions’ database, which ensures data confidentiality.

Face recognition is an internationally renowned technology of Nodeflux, the first Vision AI corporation in Indonesia. Competing with over 90 leading AI technology companies, including China and Russia, Nodeflux recently ranked 25th for Face Recognition Vendor Test (FRVT) from the National Institute of Standards and Technology (NIST).

Face Recognition in EKYC, Ensuring Transaction Security Amid the Widespread of Digital Banking Products

In the panel discussion session of Nodeflux Road to Accelerate, Ivan Tigana explained how the digital banking ecosystem in Indonesia is progressively strengthened by the expansion of AI-based banking and e-KYC business in Indonesia. The AI model developed by Nodeflux, is able to minimize human intervention by training Face Recognition analytics technology through facial biometrics to provide precise accuracy between photos on identity cards and customer self-photographs, thus improve security and reduce fraud.

This statement is supported by data from McKinsey & Company that states Indonesia is currently the fastest country to exercise digital adoption. The research added that the purchasing power of Indonesians towards digital banking products also doubled.

One of the Nodeflux’s strategies is to perform continuous proactive efforts with government and AI development research institutions. This collaboration is expected to bring positive impact for ongoing trials of Nodeflux, in efforts to innovate the latest technology for a successful Industry 4.0 era in Indonesia.

Artificial Intelligence

New Switch Fabric Module Boosts Data Center Processing Capability for Aerospace and Defense Applications

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ANDOVER, Mass., Jan. 23, 2020 (GLOBE NEWSWIRE) — Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, today announced the EnsembleSeries SFM6126 OpenVPX PCI Express (PCIe) gen 3 switch with innovative capabilities for creating a true composable data center edge processing architecture for aerospace and defense applications. This represents a critical data distribution building block for Mercury’s comprehensive embedded data center compute architecture, ensuring availability in space-constrained, harsh environments. The rugged 6U modules are unique in their ability to switch both the control and expansion planes to support the inter-module data distribution architecture required by high-performance OpenVPX high-performance embedded edge computing (HPEEC) subsystems.

“One of the latest trends in commercial data centers is to use a composable infrastructure which allows the computing, storage, and switch fabric resources to be individually changed – aggregated, disaggregated, and composed – based on an application’s precise needs, giving system architects much greater flexibility in deploying and reconfiguring resources as needed,” said Joe Plunkett, Mercury’s Vice President and General Manager for Sensor Processing Solutions. “We have applied that approach with our new EnsembleSeries SFM6126 switch, using PCIe switching to embed a composable data center ‘I/O distribution architecture’ in size, weight and power (SWaP)-constrained harsh environments. This fundamental capability enables our customers to equip our military with the smarter, more capable platforms and systems they need to detect and defeat emerging threats from adversaries, and once again showcases the power of Mercury to make commercial technology profoundly more accessible to aerospace and defense.”

Why they matter:
Artificial intelligence (AI), autonomous platforms, cognitive electronic warfare (EW) and sensor fusion demand huge processing resources that can be well served by leveraging a composable data center architecture. The hardware challenge for deploying these applications at the tactical edge pivots around making data center technology sufficiently small, lightweight and power-efficient. Additionally, these processing resources should be rugged for survivability and run cool for reliability. An embedded composable architecture is ideally suited to demanding processing-intensive applications, giving warfighters greater situational awareness to counter sophisticated threats.

What they deliver:
EnsembleSeries SFM6126 switches are a key component of a truly composable HPEEC solution, which include EnsembleSeries HDS6605 server blades and streaming IOM-400 I/O modules. Collectively, these modules leverage and scale the latest data center processing technologies to accelerate demanding workloads in the harshest, most SWaP-constrained environments.

Customer benefits include the ability to:

  • Get data center-level performance without the data center – Deploy next-generation autonomous platforms, cognitive electronic warfare (EW) systems, compute-intensive electro-optical/infrared (EO/IR), active electronically scanned array (AESA) Radar, artificial intelligence (AI) and sensor fusion applications that require data center-class capabilities closer to the source of data origin – at the edge.
  • Increase data throughput – Process and distribute massive amounts of streaming sensor I/O data over a distributed heterogeneous PCIe-enabled architecture.
  • Scale and leverage data center IP from the cloud to the edge with a seamless and common compute architecture that integrates the latest commercial capabilities for affordability and low program risk.
  • Deliver more processing power by pre-integrating other EnsembleSeries HPEEC building blocks including server-class processing blades (EnsembleSeries HDS6605), FPGA and NVIDIA® GPU co-processing engines with a wideband, low-latency and universal PCIe HPEEC architecture.

EnsembleSeries HPEEC Solutions – Embedding the Data Center Anywhere
EnsembleSeries OpenVPX modules and related pre-integrated subsystems are protected with Mercury’s proven fifth generation of advanced packaging, cooling and interconnects. Collectively, these technologies shield electronics from the harshest environments, keeping them cool for long, reliable service lives while enabling consistent switch fabric performance across a broad temperature range. For extreme environmental protection, optional modified-off-the-shelf (MOTS)+ technologies are available. These technologies leverage enhanced commercial components, board fabrication rules, and subsystem design techniques for extra durability and the ability to withstand extreme temperature cycles and mechanical excitation better than other rugged designs.

Availability
Designed, manufactured, coded and supported in the USA from DMEA-certified facilities, EnsembleSeries SFM6126 switches are expected to be available in the first quarter of CY2020 in conduction-cooled, Air Flow-Byand Liquid Flow Through options.

Mercury is accelerating innovation for our customers as we bridge the gap between commercial technology and defense applications to meet the industry’s current and emerging needs. For more information, visit www.mrcy.com/SFM6126 or contact Mercury at (866) 627-6951 or info@mrcy.com.
   
Mercury Systems – Innovation That Matters®
Mercury Systems is the leader in making trusted, secure mission-critical technologies profoundly more accessible to the aerospace and defense industries. Optimized for customer and mission success, our innovative solutions power more than 300 critical aerospace and defense programs. Headquartered in Andover, Mass., and with manufacturing and design facilities around the world, Mercury specializes in engineering, adapting and manufacturing new solutions purpose-built to meet the industry’s current and emerging high-tech needs. Our employees are committed to Innovation that Matters®. To learn more, visit mrcy.com, or follow us on Twitter.

Forward-Looking Safe Harbor Statement

This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the products and services described herein and to fiscal 2020 business performance and beyond and the Company’s plans for growth and improvement in profitability and cash flow. You can identify these statements by the use of the words “may,” “will,” “could,” “should,” “would,” “plans,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” “likely,” “forecast,” “probable,” “potential,” and similar expressions. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, continued funding of defense programs, the timing and amounts of such funding, general economic and business conditions, including unforeseen weakness in the Company’s markets, effects of any U.S. Federal government shutdown or extended continuing resolution, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in, or in the U.S. Government’s interpretation of, federal export control or procurement rules and regulations, market acceptance of the Company’s products, shortages in components, production delays or unanticipated expenses due to performance quality issues with outsourced components, inability to fully realize the expected benefits from acquisitions and restructurings, or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, increases in interest rates, changes to cyber-security regulations and requirements, changes in tax rates or tax regulations, changes to interest rate swaps or other cash flow hedging arrangements, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, unanticipated costs under fixed-price service and system integration engagements, and various other factors beyond our control. These risks and uncertainties also include such additional risk factors as are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2019. The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.

Contact:
Robert McGrail, Director of Corporate Communications
Mercury Systems, Inc.
+1 978-967-1366 / rmcgrail@mrcy.com

Mercury Systems and Innovation That Matters are registered trademarks of Mercury Systems, Inc. Other product and company names mentioned may be trademarks and/or registered trademarks of their respective holders.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ef4fd7b3-ab87-416e-be99-265f8bc766d9.

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North America’s Leading Design and Manufacturing Event to Host Extensive Show Floor Composed of Prominent Companies Shaping the Future of Industry 4.0

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SANTA MONICA, Calif., Jan. 23, 2020 (GLOBE NEWSWIRE) — North America’s leading exhibitionsAutomation Technology Expo West (ATX), Design & Manufacturing (D&M) Pacific, PLASTEC West, and WestPack – are set to welcome key players within the advanced manufacturing sector to present the most advanced show floor yet. Companies spanning automation, design engineering, packaging, and plastics will convene at the Anaheim Convention Center in Anaheim, CA, February 11 – 13, to display breakthrough technologies and novel advances pushing the industry forward. To register as press for the show please visit: anaheim.im.informa.com/2020/registrations/Media.

The shift toward Industry 4.0 is estimated to be valued at $3.7 trillion by 2025. “Throughout history technological advances have revolutionized the face and nature of the advanced manufacturing industry” said Hayley Haggarty, general manager, Advanced Manufacturing Group. “Those seeking solutions for their business should come prepared to meet with thousands of suppliers and brands across an array of industries to gain valuable knowledge and insights that can optimize their processes and ultimately move the needle towards a smarter future.”

In addition to products and technologies on display, the floor will feature a number of product demonstrations providing attendees an intimate look at the industry’s advanced offerings. Automation Technology West (ATX) the nation’s largest automation technology event, will feature live demos of groundbreaking pick-and-place robots, cobots, artificial intelligence (AI), and much more from today’s leading automation brands.

Leading ATX West exhibitors include:

  • ABB
  • Arthur G. Russell
  • ATS Automation
  • BOSCH Rexroth
  • DENSO Robotics
  • EPSON Robots
  • FANUC
  • HIWIN Corp.
  • Kawasaki Robotics
  • Universal Robots

Design & Manufacturing Pacific (D&M), the nation’s leading design engineer event, will highlight smarter manufacturing by design through its esteemed exhibitors and free educational sessions at the Design Dome. A main area of focus by D&M exhibitors include 3D printing technology to streamline manufacturing processes to help businesses perform at a higher level, among much more.

Leading D&M Pacific exhibitors include:

  • Altech Corporation
  • Caplugs
  • Flow International Corporation
  • Formlabs Inc.
  • GF Machining Solutions, LLC
  • Igus
  • KMT Waterjet Systems
  • Onshape
  • Protolabs
  • Stratasys Inc.

The plastics industry, which has witnessed no signs of slowing, is expected to worth $721 billion by 2025. PLASTEC West, the nation’s largest annual plastics event will provide attendees the opportunity to meet with the leading companies enhancing the plastics and polymers market through live demonstrations of new materials and additives as well as services such as rapid prototyping and injection molding.

Leading PLASTEC West exhibitors include:

  • Absolute Haitian
  • Arburg
  • Canon Virginia
  • Conair
  • ENGEL
  • Progressive Components
  • Maruka
  • Progressive Components
  • Shibaura Machine (Toshiba Machine)
  • Sumitomo SHI Demag
  • Wittmann Battenfeld

WestPack, the West Coast’s largest packaging event, is set to feature the top businesses that are producing convenient, eco-friendly, and dynamic packaging on the market today. Packaging brands will highlight the latest technological advances and solutions in packaging for several industries including pharmaceuticals, cannabis, pet food, among many more.

Leading WestPack exhibitors include:

  • AstroNova Product Identification
  • Capmatic
  • CVC Technologies, Inc.
  • Inline Filling Systems LLC
  • Multivac, Inc.
  • Packline USA
  • ProMach
  • Reiser
  • Sunoco Alloyd
  • VC999 Packaging Systems

Follow us on social media: #AdvMfgExpo

Media Contacts:

Audrey Uchimoto, (310) 496-9423, AdvManufacturingPR@ubm.com 
Lauren Lloyd, (310) 266-4792, AdvManufacturingPR@ubm.com 
Tam Nguyen, (424) 410-9797, AdvManufacturingPR@ubm.com 

About Advanced Manufacturing Expos & Conferences:
Informa Market’s
 Advanced Manufacturing portfolio is the leading B2B event producer, publisher, and digital media business for the world’s $3-trillion advanced, technology-based manufacturing industry. Our print and electronic products deliver trusted information to the advanced manufacturing market and leverage our proprietary 1.3-million-name database to connect suppliers with buyers and purchase influencers. We produce more than 50 events and conferences in a dozen countries, connecting manufacturing professionals from around the globe. The Advanced Manufacturing portfolio is organized by Informa, which recently acquired UBM to become a leading B2B information services group and the largest B2B events and exhibitions organizer in the world. To learn more and for the latest news and information, visit www.informa.com.

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Inuvo Issues Comments on Upcoming Browser Cookie Changes

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LITTLE ROCK, Ark., Jan. 23, 2020 (GLOBE NEWSWIRE) — Inuvo, Inc. (NYSE American: INUV), a leading provider of marketing technology, powered by IntentKey™ artificial intelligence that serves brands and agencies, today issued IntentKey updates in light of recently announced changes to browser functionality that could impact the future of online marketing over the next 24 months.

“Browser developers are struggling to balance how to provide enhanced consumer privacy without damaging the content providers and advertisers that fund and/or contribute to the online experience,” commented Richard Howe, Inuvo CEO. “At Inuvo, we advocate for responsible marketing and the anonymization of consumer information. These are principles our technologies have always been designed to meet. The browser changes announced last week do not appear to require any significant adaptation of our core technologies nor corporate strategy.”

Why the IntentKey works?

The patents behind the artificial intelligence (AI) technology of the IntentKey are rooted in the ability, both contextually and linguistically, to understand the written word in a similar manner to the way the AI assistance technologies used in mobile phones and home devices derive meaning from the spoken word. If you ask your phone “What is Yoga?”, it is likely to respond with something along the lines that Yoga is a group of physical, meditative and spiritual practices or disciplines that originated in India. This is a very broad answer, in part because the advantage of the spoken word is the ability to engage in a manner that narrows down the possibilities. We can, if we do not like the response, be more specific about what we are asking, “Assistant, please tell me more about yoga poses”, which then ultimately leads, iteratively, to a better response from the assistant.

The objective of AI based technologies is to become as good as the human brain is at discerning the unknown. For a machine, Yoga by itself has many possible contexts and as a result, is difficult to understand absent some qualifier like meditation or spirituality or India. Yoga in the context of posing, for example, would greatly narrow down the intent possibilities and ultimately yield a better consumer experience from the assistant. The question then becomes, in the absence of a qualifier like “posing”, how does a machine decide what the user really wants when they simply ask for Yoga?

Inuvo does not believe marketing should be any different. By definition the objective is to find a match between a product or service and a consumer need or intent. The difference is consumers do not engage with websites or apps in the same manner they engage with these home or phone assistants and as a result, the technologies developed to match marketer to website and consumer to website are forced to have to do the best job they can to predict the intent of the consumer, using the information and technology available to do so. This is fundamentally what the IntentKey AI was designed to do. At its core it is a map of probabilities between concepts. It knows that the probability that a consumer’s intent associated with a Yoga website is 75% likely to be about Yoga poses, even if Yoga posing is not explicitly discussed within the content. It would equally know that Yoga and India have only a 9.5% probability and it would equally know the probability associations of the other thousands of possible Yoga connections. Now consider that the IntentKey knows these same associations for every important concept in the English lexicon. This fundamentally is the patented technology that underpins the IntentKey.

Inuvo’s IntentKey lead, Amir Bakhshaie, added, “The IntentKey has been designed to work without individual profiles. Rather, the technology is designed to reach relevant audiences based both on its advanced and unstructured contextual understanding of content and how audiences behave in aggregate by leveraging Inuvo’s proprietary contextual data. Consumer anonymity is already incorporated into the IntentKey design and as such we believe we are in a good position to thrive if and when the industry moves away from the ability to target individuals.”

Inuvo’s IntentKey™ fuels a broad range of media services that deliver optimal performance from capitalizing on audiences’ early signs of in-market interests.

About Inuvo
Inuvo®, Inc. (NYSE American: INUV) is a market leader in artificial intelligence, aligning and delivering consumer-oriented product & brand messaging strategies online based on powerful, anonymous and proprietary consumer intent data for agencies, advertisers and partners. To learn more, visit www.inuvo.com.

About the IntentKey™
Inuvo®’s IntentKey™ is a patented, machine-learning technology designed to mirror the manner in which the human brain instantly associates ideas, emotions, places, people, and objects. It creates an accurate, high-definition picture of consumer intent and sentiment related to a particular topic or item. Inuvo harnesses the power of the IntentKey™ to discover and reach high volumes of incremental in-market and relevant audiences that are hidden from typical marketing approaches. The IntentKey™ enables pinpoint media execution reaching consumers throughout the purchasing funnel all the way to conversion.

Safe Harbor / Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the proposed public offering and the intended use of proceeds from the offering. The offering is subject to market and other conditions and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including market conditions, risks associated with the cash requirements of our business and other risks detailed from time to time in our filings with the Securities and Exchange Commission, and represent our views only as of the date they are made and should not be relied upon as representing our views as of any subsequent date. We do not assume any obligation to update any forward-looking statements.

Inuvo Company Contact:
Wally Ruiz 
Chief Financial Officer
Tel (501) 205-8397
wallace.ruiz@inuvo.com

Investor Relations:
KCSA Strategic Communications
Valter Pinto, Managing Director
Tel (212) 896-1254
Valter@KCSA.com 

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