Technology

Artificial Intelligence Big Data Cloud Computing Cyber Security Data Management Electronics Enterprise & Network Technology Financial Technology Hardware Mobile & Wireless Nanotechnology Semiconductor Software Telecommunications
News Release Digital Asset Direct

News Release

Casino Utan Svensk Licens

Finance News

I Sverige är spelmarknaden strikt reglerad för att säkerställa säkerhet, trygghet och rättvisa för konsumenterna. Trots detta väljer ett märkbart antal operatörer att kringgå det svenska licenssystemet. Dessa olicensierade casinon lockar till sig en betydande spelarbas, vilket väcker frågor om deras dragningskraft och de risker som är involverade. Denna artikel granskar varför vissa operatörer undviker att skaffa en svensk licens, attraktionerna hos dessa plattformar för spelarna, och de bredare konsekvenserna för industrin. Varför operatörer avstår från svenska licenser De svenska spelreglerna är bland de strängaste i Europa, införda för att bekämpa spelberoende och säkerställa ansvarsfullt spelande. Den Svenska Spelmyndigheten (SGA) kräver strikta åtgärder, inklusive gränser för bonusar, strikta reklamriktlinjer och kontroller över insättningsbelopp. För många operatörer kan dessa regleringar vara begränsande, särskilt begränsningarna av kampanjerbjudanden, som är en betydande dragkraft för nya kunder. Dessutom är licensprocessen inte bara rigorös utan också kostsam enligt casino-utan-svensk-licens.ltd. De ekonomiska kostnaderna för att erhålla och upprätthålla en svensk licens, tillsammans med höga skattesatser, kan avskräcka operatörer. De kan istället välja att äntra den svenska casinomarknaden utan licens, undvika dessa kostnader och restriktioner. Detta tillåter dem att erbjuda mer konkurrenskraftiga bonusar och färre restriktioner vid vadslagning, vilket gör dem attraktiva för vissa segment av spelmarknaden. Attraktionen för spelarna Dragkraften hos casinon utan svensk licens ligger ofta i de förmåner de erbjuder, vilka reglerade casinon inte kan matcha på grund av efterlevnadsproblem. Till exempel kan olicensierade casinon erbjuda mer attraktiva bonusar, högre matchande insättningar och färre restriktioner för uttag. De kan också erbjuda ett bredare utbud av spel, inklusive titlar som inte finns på den svenska reglerade marknaden. Vissa svenska spelare dras till dessa plattformar eftersom de erbjuder funktioner som högre insatser eller mer generösa genomspelningskrav på bonusar. Dessutom kan integritetsmedvetna konsumenter föredra olicensierade kasinon för deras mindre strikta verifieringsprocesser, även om detta också kan öka risken för bedrägerier och penningtvätt. Risker och juridiska konsekvenser Medan olicensierade casinon kan erbjuda vissa fördelar, medföljer de betydande risker. Avsaknaden av reglering innebär mindre skydd mot orättvisa praxis, potentiella problem med datasäkerhet och möjligheten att stöta på riggade spel. Vid tvister om betalningar eller rättvist spel har spelarna ingen tillgång till svenska rättsliga skydd eller SGA:s tillsyn. Juridiskt sett är det en gråzon för svenskar att spela på olicensierade casinon. Även om det inte är olagligt för svenska spelare att spela på dessa plattformar, har regeringen vidtagit åtgärder för att avråda deras användning, såsom att instruera banker att blockera transaktioner till och från olicensierade spelsidor. Detta kan göra finansiella transaktioner problematiska och potentiellt utsätta spelarna för finansiellt bedrägeri. Påverkan på den svenska spelmarknaden Existensen av casinon som verkar utan svensk licens påverkar den reglerade marknaden på flera sätt. Först skapar det en ojämn spelplan, där licensierade operatörer är bundna av restriktioner som inte gäller för deras olicensierade motsvarigheter. Detta kan avleda intäkter från den reglerade marknaden, minska skattebidragen och underminera finansieringen för sociala program. Dessutom kan konkurrensen från olicensierade sajter driva vissa reglerade operatörer att lobba för lösare regleringar, vilket kan undergräva de ursprungliga målen med den svenska spel policyn. Regeringen och SGA fortsätter att kämpa med att balansera marknadsfrihet med konsumentskydd och finansiella ansvar. Framåt För konsumenter innebär valet mellan licensierade och olicensierade casinon en avvägning mellan bättre incitament och högre risk. Den svenska regeringen fortsätter att förbättra sina regleringsmetoder, med målet att skydda spelarna och säkerställa rättvis konkurrens. För operatörer är beslutet att söka licens i Sverige en strategisk fråga, påverkad av marknadsförhållanden och regleringsklimat. När landskapet utvecklas måste både spelare och operatörer navigera spelmarknadens komplexitet med omsorg, fatta informerade beslut som beaktar juridiska ramar, marknadsmöjligheter och enskilda spelare samt spelbolagens risktolerens. Sammanfattningsvis, även om olicensierade casinon kan verka attraktiva på grund av färre restriktioner och bättre bonusar, medför de betydande risker inte bara för spelarna utan också för integriteten i den svenska spelmarknaden. Konsumenter måste noga väga dessa faktorer, och politiker måste fortsätta att anpassa sig för att skydda både enskilda spelare och nationalekonomins hälsa. Contact Details Spelnyheter Johan Ericsson johan@spelnyheter.se

April 30, 2024 10:06 AM Eastern Daylight Time

ToolsGroup Recognized in the 2024 Gartner® Magic Quadrant™ for Supply Chain Planning Solutions

ToolsGroup

ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to announce that it has been recognized in the 2024 Gartner Magic Quadrant for Supply Chain Planning Solutions. Gartner Magic Quadrant research methodology provides a graphical competitive positioning of four types of technology providers in fast-growing markets: Leaders, Visionaries, Niche Players and Challengers. In the 2024 report, Gartner recognized ToolsGroup for its “ability to execute and completeness of vision.” ToolsGroup’s software solutions offer retailers, distributors and manufacturers a comprehensive set of capabilities that enhance the resilience and performance of their operations. Through a unique probabilistic planning approach that leverages AI and real-time enterprise data, ToolsGroup enables decision-making at the pace of modern business. These capabilities include proactive risk monitoring for anticipating and managing uncertainties, as well as advanced probabilistic techniques for precise demand and supply planning. Timely detection of supply chain events is also ensured through adept data latency handling, facilitating swift re-optimization. “We are honored to be once again recognized in the Gartner Magic Quadrant for Supply Chain Planning Solutions,” said ToolsGroup CEO, Inna Kuznetsova. “We believe this recognition reflects our continuous efforts to drive supply chain efficiencies for our customers around the globe, making supply chain a force for good. Proud of the powerful results we deliver to our customers, we are committed to continued innovation as we expand the use of AI and decision-centric planning across the platform.” Get a complimentary copy of the Gartner Magic Quadrant for Supply Chain Planning Solutions here. This recognition in the Gartner Magic Quadrant follows ToolsGroup’s other recent recognitions in the Gartner® Peer Insights™ Voice of the Customer: Supply Chain Planning Solutions and as a Notable Vendor in the 2023 Mid-Market Context Magic Quadrant™ for Supply Chain Planning Solutions. Read more about these reports and download a copy. Join ToolsGroup at the Gartner conference in Orlando ToolsGroup is exhibiting at the Gartner Supply Chain Symposium in Orlando, FL May 6-8. Attendees looking to experience the latest AI-based solutions should visit Booth #817 in the Planning Village. Book a meeting with our experts today! Chris Gonzales, Vice President, Operations & Supply Chain Shelter Solutions at Cornerstone Building Brands, one of ToolsGroup’s leading customers, will present on May 6 at 4:35 pm in the Supply Chain Expo, Stage 3 - Pacific Hall, discussing how a fast growing U.S. exterior building products company is leveraging digital supply chain technology from ToolsGroup and partner River Logic to unlock value as it embarks on a fast-paced growth journey with an aggressive acquisition strategy. Gartner Disclaimer: GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant and Peer Insights are a registered trademark, of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved. Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences with the vendors listed on the platform, should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. About the Gartner Supply Chain Symposium/Xpo CSCOs and supply chain leaders are continuously confronted with increasingly complex challenges and are expected to outperform and overdeliver. Top supply chain organizations navigate through the turbulence by solving present-day issues and positioning themselves for long-term success. The Gartner Supply Chain Symposium/Xpo™ 2024 conference offers pragmatic advice and future-focused insight for supply chains to deliver now and in the future. Network with 3,000+ peers and vet new technologies at our Exhibit Showcase. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and SUPPLY CHAIN SYMPOSIUM/XPO is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved. About ToolsGroup ToolsGroup’s innovative AI-powered solutions enable retailers, distributors and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision-making and unlock powerful business improvements in forecast accuracy, service levels and inventory – delighting customers and achieving financial and sustainability KPIs.. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.toolsgroup.com

April 30, 2024 09:00 AM Eastern Daylight Time

3 Penny Cryptos With Massive Potential in 2024: Dogecoin, Hedera, and Raboo

Total Media

As the crypto landscape continues to evolve post-Bitcoin halving, investors are keenly scouting for opportunities that promise high returns without the hefty investment. Penny cryptos, known for their affordability and moonshot potential for substantial gains, are attracting attention. In 2024, three such cryptos — Dogecoin, Hedera, and Raboo — look set to make significant impacts. Among these, Raboo stands out not only for its price, but also for its innovative approach and growing community support. Dogecoin: The popular favourite Dogecoin, the original meme coin, remains a favourite among investors for its viral appeal and robust community. Despite its origins as a joke, Dogecoin has seen substantial real-world application and adoption by retailers and even fundraisers. While Dogecoin’s price often benefits from social media hype and celebrity endorsements, it maintains a resilience that could see new heights in this current market phase, especially with growing mainstream acceptance. Hedera: The enterprise mover Hedera has carved a niche for itself with its highly efficient hashgraph technology, setting it apart from typical blockchain models. Known for its low fees and high-speed transactions, Hedera appeals to enterprise clients looking to integrate blockchain solutions without the environmental cost associated with traditional models. As businesses continue to prioritize sustainability, Hedera’s practical applications in the real world could lead to increased demand and higher token valuation. Raboo: The Innovative Challenger Raboo is swiftly climbing the ranks as a noteworthy contender in the penny crypto space. This AI-backed meme coin distinguishes itself through technological innovation — leveraging artificial intelligence to scan, analyze, and propagate only the highest quality memes, ensuring viral potential and engagement. With a third stage price of just $0.0042 and predictions of a 100x return, Raboo’s presale phase has already attracted massive levels of attention. The token’s structure promises not only profitability but also active community involvement and rewards, which could solidify its place as a staple in the portfolios of both meme coin enthusiasts and serious investors. Investment potential and market trends The investment appeal of penny cryptos like Dogecoin, Hedera, and Raboo lies in their low entry cost and potential for moonshot returns. For Dogecoin, its enduring popularity and increasing integration into payment systems provide a stable growth outlook. Hedera’s appeal lies in its revolutionary tech and green credentials, which are likely to attract institutional investors as the market shifts towards sustainability. Raboo, however, offers a unique proposition by combining the virality of meme coins with sophisticated AI technology, making it the top investment for those looking to capitalize on quick gains while engaging in a vibrant, interactive community. With its strategic marketing and solid tokenomics, Raboo is not just another meme coin but a potential market mover in 2024. As the crypto market continues to mature, the penny cryptos segment presents exciting opportunities for investors willing to explore less traditional paths. Dogecoin, Hedera, and Raboo each offer unique attributes that could lead to substantial returns. Particularly, Raboo, with its innovative use of AI in the crypto market, is set to not just participate but potentially lead the next wave of crypto trends. For those looking to diversify into dynamic and potentially lucrative realms of the crypto world, these three penny cryptos present compelling cases for consideration. You can participate in the Raboo presale here. Contact Details Total Media Solutions media@Totalsolutionspr.io

April 30, 2024 09:00 AM Eastern Daylight Time

Image

EcoAi Coin: A Sustainable Digital Token For A Greener Planet

Benzinga

By Austin DeNoce, Benzinga Environmental sustainability is a topic garnering more and more attention (and concern), which leaves innovative approaches to fostering greener, more sustainable practices highly valued. The ECOAI Coin initiative is one such innovation, creating an economic system designed to reward individuals and organizations for their sustainable actions. This digital token aims to build a symbiotic relationship between ecology and economy by incentivizing positive environmental behaviors. How The ECOAI Coin Works The ECOAI Coin operates on a simple yet effective principle: perform sustainable actions, earn ECOAI Coins. These actions can range from cycling to work, choosing meat-free meals, recycling or even attending educational workshops on sustainability. Each action is verified through a tailored web-based app and earns participants ECOAI Coins, which are stored in a digital wallet. However, the appeal of ECOAI Coin doesn't just stop at earning; it extends to spending. The ECOAI Coin marketplace offers a diverse range of products and services that embody sustainability. Participants can use their coins to access circular products (items kept in the economy without using new virgin resources), eco-friendly experiences or even rent a Tesla (NASDAQ: TSLA) for the weekend. The marketplace not only provides an avenue to spend earned coins but also encourages a continuous engagement with sustainable practices by offering discounts on environmentally friendly items and services. The ECOAI Coin Marketplace And Incentives The ECOAI Coin initiative creates a robust marketplace and serves as a hub for the circular economy, promoting the reuse and recycling of resources as opposed to the make-consume-throw away model generally practiced today. It includes exclusive content, upcycled products like water bottles and opportunities to engage in eco-friendly activities such as attending music festivals with a green agenda. The system incentivizes individuals by making sustainable choices rewarding but also assists organizations and municipalities in reducing environmental footprints. By integrating the ECOAI Coin into daily activities and corporate operations, a broader adoption of green practices is encouraged, thereby fostering a culture of sustainability within communities. The ECO Award Annually, the ECOAI Coin initiative goes a step further to recognize and honor those who have made significant contributions to sustainability through the ECOAI Award. This accolade celebrates individuals and projects that have shown exceptional dedication to enhancing our planet’s health. Past recipients include innovators like Yoyo Yogasmana, who shared sustainable farming techniques in Indonesia, and Dave Hakkens, known for his development of open-source recycling machines. The criteria for this award focus on community-driven projects that blend nature with technology and broadly share that knowledge, reinforcing the initiative's mission to collectively create a more sustainable world. The Future Of ECOAI Coin The ECOAI Coin initiative represents a promising shift toward integrating sustainability into the economic systems that drive daily life. By rewarding eco-friendly choices with a digital currency that can be spent on sustainable goods and services, it can potentially contribute to closing the gap between ecological responsibility and economic incentive. As the ECOAI Coin continues to evolve, its potential to expand and adapt to various community goals offers a scalable solution to one of the most pressing issues of our time: how to sustain our planet for future generations. Through its innovative approach, the ECOAI Coin sets a precedent for how money can contribute positively to the world, encouraging us all to take part in the movement for a greener earth. Featured photo by micheile henderson on Unsplash. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

April 30, 2024 08:45 AM Eastern Daylight Time

Image

Marti’s Ride-Hailing Service In Growth Mode, Reaches 788,000 Riders And Over 145,000 Registered Drivers – Company Revises June Target Upwards

Benzinga

By Meg Flippin, Benzinga Marti Technologies, Inc. (NYSE: MRT), the leading urban mobility app in Türkiye, hit a major milestone earlier this month with more than 788,000 unique riders and over 145,000 registered drivers using its ride hailing service. Marti’s ride hailing service connects riders with drivers of cars, motorcycles, and taxis. Since the end of December, ridership has soared 58% while the number of drivers increased 36%. By June 30, 2024, Marti expects to grow even more and has increased its target from 850,000 unique riders to 900,000 while maintaining a target of 155,000 registered drivers. “The fast growth in both the rider and driver sides of Marti’s ride-hailing marketplace demonstrates the strong need for the service across Türkiye,” Marti said when announcing the growth in riders and drivers. “The service intends to provide readily available, safe and affordable rides for riders, while providing economic opportunities for drivers across the income spectrum.” Demand For Alternatives The ride-hailing market is taking off in Türkiye as consumers look for a convenient and affordable alternative to taxis. It's also being driven by local players like Marti who are gaining market share because they understand the unique needs and requirements of Turkish clients, such as accepting cash payments. Marti currently does not enable online payment for the service over its app or charge a fee for the service. A large portion of the Turkish population lives in congested cities and seeks ways to alleviate traffic jams and pollution. Ride-hailing services like Marti are seen as a way to combat that, and provide an easy way to navigate the cities. As a result, the ride-hailing market in Türkiye is expected to grow at a CAGR of 9.7% between now and 2028. McKinsey & Company estimates the potential size of the Turkish ride-hailing market in 2030 at $15 billion to $20 billion. Leader In The Making? Recognizing that unmet need to help people in Türkiye get around, in 2019 Marti launched its super app and in less than five years has morphed into a leader in the marketplace. Not only does it match riders with cars, but it also has motorcycle-hailing and taxi-hailing services, and operates a large fleet of rental e-mopeds, e-bikes and e-scooters. All of Marti’s offerings are serviced by proprietary software systems and IoT infrastructure. Another claim to fame for this up-and-coming company is its New York Stock Exchange (NYSE) American stock listing, which Marti accomplished this past summer. It is relatively rare for a Turkish company to debut on a U.S. stock exchange, but Marti did exactly that after merging with Galata Acquisition Corp in July 2023 to become the first company from Türkiye to list directly on the NYSE. What sets Marti apart from other ride-hailing services and traditional taxis is its concentration throughout Türkiye, and in particular in Istanbul. With an unofficial population of over 20 million people, Istanbul is the largest city in Europe; bigger than cities like London, Paris, and Berlin. Of the company’s 145,000 registered drivers, more than 122,000 are in Istanbul. That compares to just 19,845 taxis operating in the city. That equates to 6.2 times more registered drivers than taxis serving the city. With widespread coverage across Istanbul, it's not hard to see why Marti is so popular. The company also says it takes care of driver safety, with Marti’s drivers undergoing formal background checks before acceptance into the service. Marti reports that the average rating of its ride-hailing drivers is 4.8 out of 5 stars. The ride-hailing market in Türkiye seems to be taking off thanks to companies like Marti, which saw a need and met it. With operations across Türkiye, Marti is in growth mode, with more of that expected in the months to come. Featured photo by Osman Köycü on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

April 30, 2024 08:20 AM Eastern Daylight Time

Image

News Release

BTC Halving Could See Wild Volatility Swings -- ICOs Offer Steady Gains

RoundHouse Media

The world of cryptocurrency is bracing for a potentially volatile period after the recent conclusion of the highly-anticipated Bitcoin halving event. Completed on April 19th, the halving is a pre-programmed software update that cuts the number of new Bitcoins created in half. While historically, these halvings have been bullish for Bitcoin’s price, analysts are divided on whether this time is different. This article explores the potential for volatility surrounding the Bitcoin halving and introduces Galaxy Fox, the best upcoming ICO that is poised for significant growth in 2024. Bitcoin Halving: What’s at Stake? The concept of Bitcoin halving is fundamental to its design, occurring approximately every four years. This event cuts the rewards miners receive for validating transactions in half, reducing the rate at which new Bitcoin enters circulation. Historically, halving events have triggered significant price movements, often driving up demand and scarcity perception among investors. However, this time seems different. Analysts caution that much of the halving’s impact may already be priced into Bitcoin. The surge leading up to the event reflected anticipation rather than intrinsic value. Moreover, geopolitical tensions and broader market dynamics may have overshadowed the halving’s immediate effects on Bitcoin’s price. While halvings historically fueled bullish sentiment, the current landscape invites a more cautious outlook. Bitcoin’s history is replete with volatility, characterized by dramatic price swings driven by market sentiment, regulatory developments, and macroeconomic factors. The halving, though a significant event, is but one piece of the puzzle. As Bitcoin grapples with its narrative as a store of value or a speculative asset, investors must navigate the uncertainty with caution. For some, Bitcoin’s volatility presents opportunities for profit-taking and strategic entry points. Short-term traders may capitalize on price swings, leveraging technical analysis and market psychology to maximize returns. Conversely, long-term investors weather the storm, confident in Bitcoin’s potential to emerge stronger amidst market turbulence. Galaxy Fox: Navigating the Crypto Landscape Amidst Bitcoin’s volatility, Galaxy Fox emerges as a promising investment opportunity, offering stability and growth potential in a rapidly evolving crypto landscape. With its successful presale, raising over $6 million and selling 3.75 billion tokens, the best upcoming ICO Galaxy Fox has captured the attention of investors seeking innovative projects with tangible utility. Galaxy Fox’s integration into the web3 gaming sphere positions it at the forefront of blockchain gaming innovation. Its ERC20 token, $GFOX, has surged in value, reflecting market confidence in its utility and potential for widespread adoption. As this good crypto to buy gears up for its launch, investors eagerly anticipate its impact on the crypto market. Unlocking Potential with Galaxy Fox Galaxy Fox’s token listing last April 18 marked a significant milestone, signaling its readiness to disrupt the crypto landscape. With a clear roadmap and strategic partnerships, Galaxy Fox offers investors a unique opportunity to participate in the burgeoning blockchain gaming sector. Its staking options provide attractive returns, incentivizing long-term commitment and community engagement. What’s more, this best cheap crypto to buy right now has allocated 100% of its raised funds to the liquidity pool, ensuring smooth trading for investors on decentralized exchanges (DEX) like Uniswap. The game launch slated for May 11 promises to showcase Galaxy Fox’s technological prowess and gaming innovation. As excitement mounts, investors stand poised to reap the rewards of early adoption, positioning themselves for long-term growth and sustainability. Conclusion: Join the Galaxy Fox Community While Bitcoin’s halving event did result in volatility, opportunities abound for savvy investors seeking stability and growth. Galaxy Fox represents hope in a tumultuous market, offering steady gains and innovative solutions in the blockchain gaming space. As you navigate the crypto landscape, let us embrace the future with optimism and strategic foresight. To learn more about the best upcoming ICO and join their vibrant community, visit their website and connect with them on Telegram. Learn more about $GFOX here: Visit Galaxy Fox Presale | Join the Community Contact Details Roundhouse Media dean@locxlabs.io

April 29, 2024 01:00 PM Eastern Daylight Time

Small Business Week: Tech Tools

News Media Group, Inc.

Contact Details News Media Group, Inc. Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/

April 29, 2024 10:18 AM Eastern Daylight Time

Video

Symphony showcases its community innovations at flagship conference, including interoperability with Microsoft Teams

Symphony Communication Services

Symphony, the leading markets’ infrastructure and technology platform, will be interoperable with Microsoft Teams, it was announced at the company’s flagship event Symphony Innovate in New York on April 18th. The solution demonstrated two distinct capabilities to connect users on Symphony securely with Teams: connecting internal Teams users natively through Symphony’s directory and bi-directional chats with external contacts on WhatsApp, SMS and WeChat, through the embedded Symphony Connect app, complementing the firm’s existing video integration. Video. For the first time, Symphony showcased the power of AI when used with its Cloud9 Trader Voice product. The new generative AI-powered and AI noise-suppressed solution provides high-accuracy transcription and intelligence to voice trading interactions, extracting detailed analysis with models trained in trading floor jargon, informing strategic decisions, improving trader efficiency, and simplifying customer risk management. Through the use of AI, the solution supports deal tagging, allowing users to extract deal-related information from voice calls such as price, quantity, and asset class, to build a comprehensive, concise transaction summary. Symphony’s specialized language models are being used to identify relevant keywords, phrases, or context to mark a conversation as a deal confirmation call. Video. With the T+1 settlement cycle fast approaching, the operations directory showcased the ease of finding and connecting with peers, expediting issue resolution, and exception management on Symphony. The Depository Trust & Clearing Corporation took to the stage to help share Symphony’s embedded collaboration platform (ECP) integration with Central Trade Match (CTM), DTCC’s platform to allocate and centrally match transactions globally. This integration - currently being piloted - will allow users to communicate with counterparties directly, reducing context switching and manual data entry to streamline post-trade matching and confirmation, an important aspect of T+1. Video. Another five ECP use cases were shown on stage in a clear validation of the relevance of Symphony’s interoperability play to the industry. CEO Brad Levy said: “Innovate is the forum where Symphony’s industry-leading customers and partners get to showcase the innovations built on our platform. We are proud to be connecting people and companies in a distributed, flexible, and interoperable way, through the right tech stack and infrastructure.” He explained: “In a time where firms must choose to disrupt or be disrupted, Symphony has the right technology to drive innovation and move with precision in a time of uncertainty.” CEO keynote video. Among the industry leaders on stage showcasing the community innovations were John Hoffman from DTCC, Guilis Aquino, Ella White, and David Feldman from Citi, Afzal Memon and Kate Finlayson from JP Morgan, Mike Torregrossa from UBS, Peter Williams and Anand Gupta from Wells Fargo, Brandi Love from RBC, Nigel Someck from MDXT, Sid Bhandari from Loanbook, Omar Gazarin and Rahul Ravikrishnan from Eidosmedia, Paul Taylor from HUB, Eslam Gebriel from Goldman Sachs, Steve Surdykowski from Capital One, Mauricio Sada-Paz and Robert Mackenzie Smith from Bank of America, Sarah Schaffer from BlackRock, Venu Bolisetty and Thomas Dolan from 28Stone, Philip Slavin and Kishan Bharwad from Taskize, Miguel Ferreria from Euroclear Bank, Colin Duggin from TP ICAP, Matthew Cheung from ipushpull, and Mohamed Khalifa from JP Morgan Private Bank. Symphony’s new virtual number solution was introduced as a way for firms to provide employees with a convenient, centralized, and compliance-friendly identity for communication across mobile voice, SMS, and social messaging applications. Symphony has partnered with Umony, a telecommunications compliance specialist, to capture and archive mobile communications, while summarizing call transcripts, analyzing sentiment, and flagging compliance risks using Umony trained LLMs for true end-to-end, GenAI-powered communications compliance. Video. More than 200 leaders joined Symphony Innovate 2024 in person, and over 400 professionals globally watched live online. You can view all Innovate 2024 sessions here. More session videos: Welcome and opening RBC/MDXT NewBridge LoanBook Eidosmedia Wells Fargo HUB In Conversation: Market Structure Evolution Citi 28Stone Taskize & Euroclear Bank TPICAP & ipushpull About Symphony Symphony is the most secure and compliant markets’ infrastructure and technology platform, where solutions are built or integrated to standardize, automate and innovate financial services workflows. It is a vibrant community of over half a million financial professionals with a trusted directory and serves over 1000 institutions. Symphony is powering over 2,000 community built applications and bots. For more information, visit www.symphony.com. Contact Details Odette Maher +44 7747 420807 odette.maher@symphony.com Company Website https://symphony.com/

April 29, 2024 08:24 AM Eastern Daylight Time

INSIDER BUYING: Vuzix (NASDAQ: VUZI) Executives Including CEO Snap Up Shares

Benzinga

By Meg Flippin, Benzinga Vuzix Corp. (NASDAQ: VUZI), the maker of smart glasses and augmented reality (AR) products, seems to be off to a good start in 2024 with several potential big deals in the works for both its enterprise products and original equipment manufacturing projects. At the same time, the Rochester, New York-based smart glasses maker with more than 375 patents is in a judicious cost-cutting mode, reducing expenses, improving margins and extending its operational runway. "In 2023, Vuzix made important advancements in our product development, core optics technologies and manufacturing, all of which uniquely position Vuzix to play an important role in the expected to become multibillion-dollar AR smart glasses market," said Paul Travers, President and CEO of Vuzix, when reporting full-year 2023 results. “We have a good book of business with identified opportunities, representing large potential deals and cornerstone customers for our enterprise products. And on the OEM side of our business, we expect to enter into several new projects with new and existing defense and consumer product-focused customers over the course of the year.” Insider Buying Signals Confidence Travers and other executives at Vuzix believe in the company not just as employees but also as investors. They have been showing their confidence in the company’s prospects by buying up stock during the past month. When insiders, namely CEOs, buy shares of their company, it signals executives have confidence in the business and/or think the stock is undervalued. It’s something investors pay close attention to. If insiders were selling shares rather than purchasing them, it could be a red flag that something is amiss. Based on Travers’ recent share purchases, he’s confident of the value Vuzix offers. On April 18, the CEO purchased 7,500 shares at $1.34 per share for $10,062. Days later, Travers was buying more, purchasing 14,500 shares at $1.25 each, for a cost of $18, 163. All told the CEO spent $28,225 to buy 22,000 shares over a few days. Meanwhile, director Timothy Heydenreich Harned purchased 20,000 shares on April 22 at $1.31 per share, totaling $26,188. The moves on the part of the executives demonstrate leadership’s strong confidence in the company’s future. After all, if they weren’t so upbeat about the company and thus its stock’s prospects, they wouldn’t spend thousands of dollars to increase their holdings. It's worth noting that Vuzix’s executives aren’t deterred by volatility in the stock either. Travers spent $1.34 per share one day and when he saw an opportunity to acquire more again when the stock fell to $1.25 per share, he pounced on the opportunity. Winning Deals, Making Tech Inroads There seem to be many reasons for executives expressing confidence in Vuzix, given its 20-plus-year leadership position in the smart glasses market and the growth potential of that industry. Vuzix reports that it pioneered workforce AR and still continues to have the industry’s most diverse portfolio of enterprise smart glasses, with form factors ranging from lifestyle (Vuzix Z100), to sporty (Blade 2), to safety (Shield), to industrial and medical (M series). All of their AR products offer users a portable, high-quality viewing experience, and they expect their product portfolio, OEM and display system offerings to continue to diversify. They are also operating in an industry poised for more growth. The global smart glasses market is forecast to reach $13.68 billion by 2031, growing at a CAGR of 10.3% from 2024 through 2031. Vuzix’s success with customers for its existing and future technology is another reason Travers and other executives are so optimistic. Consider its Incognito™ Waveguide Technology, which effectively conceals any forward-facing content displayed on smart glasses. Vuzix waveguides are renowned for their exceptional brightness, clarity and performance. They can accommodate larger fields of view (FOVs) and are adaptable to a diverse range of form factors. These waveguides necessitate a robust display engine specifically designed for this purpose. Consequently, has engineered and introduced the world's smallest and most advanced display engine, which is about the size of a pencil eraser and has been recognized in the media as the tiniest microLED projector available. Vuzix reports it is engaged with potential customers and development partners ranging from U.S. and international defense organizations to a number of well-known brands and OEM supply companies. Orders Continue to Flow Then there are its Vuzix M400 smart glasses. The company just received additional orders for the smart glasses from a Fortune 100 global retailer that is using the glasses to support its warehousing and logistic needs. The smart glasses are being used in multiple locations globally including the U.S., Canada, Mexico and throughout Europe, the Middle East and Africa (EMEA). Vuzix reports that customers have continued to expand across an increasing number of their company locations since the start of 2024. This year is shaping up to be a busy one for Vuzix both on the enterprise and OEM fronts. So much so that executives, including CEO Travers, are buying up shares, signaling their confidence. With more news expected in the months to come, investors may want to pay close attention to what insiders do next. Featured photo by Sabri Tuzcu on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

April 29, 2024 08:15 AM Eastern Daylight Time

Image

1 2 3 4 5 ... 562

Back