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Permira to Acquire Majority Position in BioCatch at $1.3bn Valuation

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"BioCatch, the global leader in digital fraud detection and financial crime prevention powered by behavioral biometric intelligence, today announced that Permira Growth Opportunities II, a fund advised by global private equity firm Permira, has agreed to acquire a majority position in the Company....BioCatch was founded in 2011 – at the dawn of a significant consumer shift from branch to online banking – with a mission to fight fraud and keep users safe in online transactions without disrupting user experience. Today, the Company is a leader in behavioral biometric intelligence and advanced fraud detection, leveraging patented artificial intelligence, data science, and machine learning technology to analyze a user's cognitive intent and deliver highly accurate insights as to the legitimacy of their identity, motivations, and behavior" / Closing is still subject to customary conditions and further DD, proceeds should be expected in late Q3 or Q4 of 2024, after the close of...

Autobrains Announces Its Design Win for ADAS Solution Implementing Liquid AI in Chinese Electric Vehicle

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"Expected to launch in Q4 2024, Autobrains' new vehicle production features an advanced ADAS solution, harnessing cutting-edge Artificial Intelligence to provide drivers with unparalleled assistance...Autobrains has established the development of revolutionary AI solutions, including its flagship Liquid AI technology, which has been central to addressing the most complex challenges in today's automotive AI landscape. While details of the partner remain confidential, the collaboration is set to redefine industry standards and accelerate the adoption of advanced driver-assistance systems across the automotive sector...Autobrains is set to redefine the future of driving in China and globally with its pioneering technology - known for its exceptional edge case detection, remarkably low power consumption, and for being hardware agnostic." https://finance.yahoo.com/news/autobrains-announces-design-win-adas-143000234.html

DailyPay to Offer Earned Wage Access to Small Businesses Nationwide

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"DailyPay, a leading worktech company whose clients include America's leading employers, is expanding its capabilities by bringing its industry-leading earned wage access solution to small businesses nationwide. This marks the first time DailyPay will offer its product to all companies with 400 or fewer employees that are integrated with partnering payroll providers." https://www.prnewswire.com/news-releases/dailypay-to-offer-earned-wage-access-to-small-businesses-nationwide-302132920.html

BioCatch Releases Inaugural Annual Report on AI's Impact on Digital Fraud and Financial Crime

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"Nearly 70% of the 600 fraud-management, anti-money laundering, and risk and compliance officials surveyed in BioCatch's first-ever AI-focused fraud and financial crime report say criminals are more adept at using artificial intelligence to commit financial crime than banks are at using the technology to stop it. Equally concerning, around half of those same fraud-fighters report an increase in financial crime activity in the last year, and/or expect to see financial crime activity increase in 2024...AI (Already) an Expensive Threat: More than half of the organizations represented in the survey say they lost between $5 and $25 million to AI-powered attacks in 2023...A staggering 91% of respondents report their organization is now rethinking the use of voice-verification for big customers due to AI's voice-cloning abilities. More than 70% of those surveyed say their company identified the use of synthetic identities while onboarding new clients last year." https://www....

Terra CO2 Wins “Decarbonization Solution Of The Year” In 2024 CleanTech Breakthrough Awards Program

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"Terra CO2, the standard for concrete decarbonization, today announced it has been selected as the winner of the “Decarbonization Solution of the Year” award in the inaugural CleanTech Breakthrough Awards program conducted by CleanTech Breakthrough, a leading independent market intelligence organization that evaluates and recognizes standout climate and clean technology companies, products and services around the globe...Terra’s technology delivers low-carbon and cost-competitive cement alternatives, driving a seamless transition to a net-zero construction industry...Terra's OPUS ZEROTM is a 100% cement replacement technology that aims to set a new industry standard for zero-emission concrete. Unlike other solutions still in development, OPUS ZERO is not constrained by feedstock availability and can be produced in the same plants as Terra's OPUS SCM. The technology efficiently reduces carbon emissions by using just one-fifth of the calcium equivalent of conventional cement...

Funnel Dashboards Launch Provides Seamless New Visualization Potential

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"Today, Funnel launched its new visualization feature, Funnel Dashboards, enabling marketers to find deviations and patterns in their data much more efficiently than any existing third-party tools and plug-ins...The visualization tools will also help marketers quickly and easily showcase their performance to executives and stakeholders in a matter of clicks. Funnel Dashboards are now available to all users around the world... Funnel helps marketers to connect all of the performance data from disparate platforms and normalize that data in order to surface insights that can drive business performance... Funnel fills that unique void with its marketing data hub model, helping to choreograph data from disparate platforms into one harmonious display of insightful performance. The result is a more confident and nimble marketer that can pinpoint past success and anticipate future challenges all from their marketing data...Funnel is the marketing data hub designed to help marketing teams ...

BioCatch And Google Cloud Team Up to Bring Fraud- and Financial-Crime-Prevention Solutions to Emerging Markets

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"Behavioral Biometrics Intelligence Pioneer Adds Google Cloud as Cloud Partner; Alliance to Bring Real-Time Defense And Prevention to Banks Facing Rise in Fraud  And Financial Cybercrime...BioCatch stands at the forefront of digital fraud detection, pioneering behavioral biometric intelligence grounded in advanced cognitive science and machine learning. BioCatch analyzes thousands of user interactions to support a digital banking environment where identity, trust, and ease coexist. Today, more than 30 of the world's largest 100 banks and more than 180 of the biggest 500 rely on BioCatch Connect™ to combat fraud, facilitate digital transformation, and grow customer relationships. BioCatch's Client Innovation Board, an industry-led initiative featuring American Express, Barclays, Citi Ventures, HSBC, and National Australia Bank, collaborates to pioneer creative and innovative ways to leverage customer relationships for fraud prevention. With more than a decade of data analys...