News Hub | News Direct

All Industries


Article thumbnail News Release

Slovakia based startup company is seeking partnerships in their mission to reduce Co2 emissions

Prodigy Press Wire

WAKIVAKY, a Slovakia based startup production company, is seeking partnerships to expand their mission in reducing Co2 emissions into the atmosphere. WAKIVAKY takes a zero waste philosophy in their business model to produce backpacks, laptop and mobile device cases, wine bags, folders and seat bags. To turn their philosophy into action, the team at WAKIVAKY has partnered with automotive manufacturers in Europe to use recycled materials in the products, a term known as upcycling. (www.wakivaky.com) WAKIVAKY is seeking to partner with more automotive manufacturers as well as business-to-business corporations in order to acquire more recycled materials and make a greater contribution to ESG targets in Europe. New partnerships would further enable WAKIVAKY to produce more of their products for the consumer market, and more of their products being sold will reduce significantly more Co2 emissions. In addition to manufacturing their own products, WAKIVAKY offers individual services to corporate clients. These services include the development of environmentally friendly and Co2 reducing products, the processing of recycled materials to be used as upcycled material on a production scale. They also hold seminars that are focused on the upcycling of textile and combined materials, zero waste, recycling of textile material, textile waste and its life cycle in the circular economy. One of WAKIVAKY’s biggest partnerships they are currently a part of is the Selitex project (Second life for textile) in which WAKIVAKY helped finance efforts to reduce the negative impact of the textile industry on the environment. “Thanks to targeted support from Norwegian grants, we were able to transform and streamline company processes, protect our top products (brand and design registrations at EUIPO), and strengthen our production capacities,” says Lucina. WAKIVAKY was founded by Dominika Podolanova who originally developed the concept in 2014 while she was studying in college. She turned the concept into action and founded the startup-company in 2019. Radovan Lucina, strategic management and controlling officer of WAKIVAKY, says… “We are seeking new partnerships with more automotive manufacturers, so we can take in more of their recycled materials and use them in the production of textile products that can contribute to the reduction of Co2 emissions,” says Lucina. “We strive to help other companies meet their ESG goals and work toward making all of Europe a greener and healthier environment. Together we can do more, so accept our challenge and support us. You can contribute and accelerate our concept and business model to. Become a supporter or investor. Follow us www.wakivaky.com/investor” Media Contact Name:Radovan Lucina Email:vo@wakivaky.eu There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. Moreover, nothing contained in this should be construed as a recommendation to buy, sell, or hold any investment or security, or to engage in any investment strategy or transaction. It is your responsibility to determine whether any investment, investment strategy, security, or related transaction is appropriate for you based on your investment objectives, financial circumstances, and risk tolerance. Consult your business advisor, attorney, or tax advisor regarding your specific business, legal, or tax situation. Release ID: 709370

August 21, 2023 12:30 PM Eastern Daylight Time

Article thumbnail News Release

Toubani Resources developing next major gold project in West Africa

Toubani Resources Inc. CDI

Toubani Resources Inc (ASX:TRE, OTC:AGGFF) CEO Phil Russo tells Proactive the company has revised the mineral resource estimate for Kobada Gold Project in southern Mali, as part of a definitive feasibility study (DFS) to further the company's ambitions to develop West Africa’s next major gold mine. The gold developer undertook the review to assess the suitability of the previous resource model, completed in 2021, in a larger scale processing and mining operation. The new Kobada MRE is 87 million tonnes at 0.86 g/t for 2.4 million ounces of gold, with 1.5 million ounces of shallow, free dig oxide resources. “Today’s MRE update marks a significant step forward for the company,” Russo said. “We have now delivered the critical review and re-estimation of the 2021 MRE, given the new team now steering Kobada, mentioned in our decision to optimise the 2021 DFS last month. “The company’s vision is to reposition Kobada as a reduced technical risk, low strip, bulk-tonnage, oxide-dominant open pit development project of scale. “Today’s MRE update confirms we are well on our way in delivering on this goal.” Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

August 21, 2023 12:15 PM Eastern Daylight Time

Video
Article thumbnail News Release

Vinhomes Named Among Top 20 Most Valuable Real Estate Brands in the World

Vingroup

HANOI, VIETNAM - Media OutReach - 21 August 2023 - For the first time, a Vietnamese real estate development brand, Vinhomes, has been named among the Top 20 most valuable real estate brands globally at The Brand Finance-Mibrand Vietnam Forum 2023. This recognition solidifies Vinhomes' reputation and position in the international real estate market, concurrently providing evidence of the company's outstanding and sustainable operational efficiency. The real estate development brand Vinhomes has been appraised by Brand Finance at USD1.74 billion, which was enough to make its debut in the rankings of the world's 20 most valuable real estate brands and secure its position as the sole real estate brand among the Top 5 most valuable brands in Vietnam. Significantly, this is also the first time a Vietnamese real estate enterprise has entered the Top 20 globally, showcasing Vinhomes' remarkable growth in both scale and reputation. According to Brand Finance, the criteria for evaluating a brand encompass its ability to enhance product value; its influence on customers' purchasing decisions; the cost of building a successful brand; its market value on the stock exchange; and its profitability. Mrs. Nguyen Thu Hang, CEO of Vinhomes, shared, "Throughout 15 years in the market, Vinhomes has consistently endeavored to transcend beyond being a reputable real estate developer. We are also a pioneer leading and shaping a high-quality lifestyle for our residents, and fostering modern communities within our projects. Our aim has always been constructing urban projects with amenities and structures of regional and international standard, delivering enhanced value to residents and clients." As the leading real estate brand in Vietnam, Vinhomes has now delivered and is managing over 128,000 apartments and villas within 29 urban areas across the nation, servicing more than 440,000 residents. Notable examples include large-scale urban areas spanning hundreds of hectares such as Vinhomes Riverside, Vinhomes Ocean Park 1 and 2, Vinhomes Smart City, and Vinhomes Grand Park. These Vinhomes urban areas have attracted thousands of residents, contributing to the development of bustling new central districts in Hanoi, Ho Chi Minh City and other major provinces. As Vietnam's premier real estate brand, Vinhomes consistently creates unique living spaces that offer exceptional and distinct experiences for residents. Ocean City, the so-called "miracle city", is located in the eastern part of Hanoi, covering a total area of 1,200 hectares (an integration of three urban areas - Vinhomes Ocean Park 1, 2, and 3). It features record-setting structures such as the "Urban area with the world's largest artificial saltwater lagoon and freshwater lake with white sand beaches" (Vinhomes Ocean Park 1), the "World's largest artificial wave-making saltwater lagoon complex in an urban area" (Royal Wave Park in Vinhomes Ocean Park 2), and various highlights including the VinWonders Hanoi Wave Park and VinWonders Hanoi Water Park. Characterized by comprehensive verdant landscapes, life-enhancing amenities, and a social infrastructure comprising hospitals, schools, parks, playgrounds, swimming pools, and numerous architecturally iconic structures, Vinhomes urban areas have progressively elevated the quality of life for modern Vietnamese citizens. This has, in turn, played a pivotal role in the sustainable and healthy development of the real estate market. Vinhomes had total consolidated assets and owners' equity of VND396 trillion (approximately USD16.69 billion) and VND170 trillion (approximately USD7.16 billion) respectively, as of June 30, 2023, representing an increase of 10% and 15% over the figures of December 31, 2022. Vinhomes consistently maintains its position at the top of the ranking for real estate developers with "healthy" and sustainable profitability on the stock exchange. With its placement among the Top 20 most valuable real estate brands in the world, Vinhomes reaffirms its credibility and stature as a Vietnamese brand capable of transcending national boundaries, etching its presence on the path to global conquest. About Vinhomes Vinhomes is the No.1 real estate development and management company in Vietnam, recognized for its superior scale, execution speed and service quality, leading the market to sustainable growth, with the vision of becoming a world-class enterprise. The brand's mission is to pioneer an ideal living experience in Vietnam's urban locations, featuring professionally planned residential complexes in harmony with nature, integrated facilities and a green environment, together forming a new lifestyle for the Vietnamese people. Vinhomes is committed to fostering vibrant and caring communities, creating a modern, lively, and welcoming environment for its residents to enjoy a liveable lifestyle. About Brand Finance Brand Finance is a brand valuation consultancy headquartered in the United Kingdom. Annually, Brand Finance independently assesses around 57,000 different brands worldwide. The significant reports from Brand Finance, including the Top 500 Global Brands, Top 500 Global Banks, and Global Nation Brand Rankings, are highly regarded by industry experts. Brand Finance's brand valuation results are officially published and utilized on major global media channels such as BBC, CNN, CNBC, Bloomberg, The Economist, and The Wall Street Journal. Contact Details Media Contact v.chidqd1@vingroup.net Company Website https://vinhomes.vn/en

August 21, 2023 12:13 PM Eastern Daylight Time

Image
Article thumbnail News Release

Caspin Resources sees potential for large REE deposit at Mount Squires

Caspin Resources Ltd

Caspin Resources Ltd (ASX:CPN) CEO Greg Miles tells Proactive the company has received significant rare earth element (REE) results from reverse circulation (RC) drilling at Duchess prospect within its Mount Squires Project in Western Australia. The assays received so far point to the growing potential for a large deposit of rare earth mineralisation at Mount Squires, a region that has never seen systematic rare earths exploration. These are the first results from the company’s 4,500-metre RC program in June that tested several REE, gold, nickel and copper targets across the project, with results pending from a majority of the drilling. Miles said: “The mineralisation remains open in multiple directions with no previous drilling of the controlling structures. "Importantly, this mineralisation contains an exceptionally high proportion of heavy rare earths, which are many times more valuable than the light rare earths which dominate the profiles of many Australian rare earth projects. "This offers Caspin a unique position amongst its peers. It is also encouraging to recognise rare earth mineralisation associated with monazite, a common rare earth ore mineral with a well-understood processing route.” Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 Jonathan@proactiveinvestors.com

August 21, 2023 11:50 AM Eastern Daylight Time

Video
Article thumbnail News Release

Leeuwin Metals hits high-grade lithium at Jenpeg

LEEUWIN METALS LTD

Leeuwin Metals Ltd (ASX:LM1) MD Chris Piggott discusses with Proactive assays for a further four holes at the company’s Jenpeg Project which have revealed significant widths of high-grade mineralisation. He says the results confirm the emergence of the Jenpeg lithium discovery in Manitoba. A field program is expected to get underway in late Q3 to further define targets, via mapping, multispectral satellite image analysis and geochemical sampling. “Today’s results confirm the emergence of the Jenpeg lithium discovery in Manitoba,” Piggott said. “The assays display significant widths of high-grade lithium mineralisation, highlighting the underexplored nature of this large-scale mineralised system. “We firmly believe in the compelling opportunities at both prospect and regional scales, offering Leeuwin shareholders the opportunity to be part of one of Canada’s next major lithium discoveries.” Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

August 21, 2023 11:20 AM Eastern Daylight Time

Video
Article thumbnail News Release

Stria's joint venture partner Cygnus Metals has completed a Maiden Resource of 10.1Mt at 1.04% Li2O stating mineralisation is open in all directions on the Pontax Central property

Stria Lithium Inc.

Ottawa, ON – TheNewswire - August 21, 2023 - Stria Lithium Inc. (TSXV:SRA) (“Stria Lithium”, the “Company”) The Pontax Central Project Joint venture (Cygnus Metals 51%/Stria 49%) now has a maiden resource estimate produced by Cygnus metals. This JORC estimate establishes Pontax Central as a serious player in the Canadian Lithium James Bay region. Cygnus Metals being an ASX issuer, they adhered to Australian JORC Code 2012 guidelines, meaning that such mineral resource estimate is not necessarily current in regard of the Canadian National Instrument 43-101 code.  Cygnus published a Maiden inferred Resource Estimate (MRE) of 10.1Mt at 1.04% Li 2 O based on the central area of the known mineralisation.    Below are highlights from Cygnus Metals press release dated August 14, 2023   Substantial maiden resource establishes Pontax as a significant James Bay lithium project with scope for ongoing growth    Diamond drilling scheduled to resume this quarter and will be focused on resource growth through step out drilling and discovery drilling across the wider belt  The mineralisation is reported as open in all directions  Spodumene mineralisation has been confirmed by surface mapping up to 9km from the Pontax Central resource, highlighting the huge upside potential at Pontax  The Resource has been defined in just 12 months since acquisition at an exceptionally low discovery cost of A$0.55 per tonne of Resource, based on only 11,328m of drilling  Cygnus is only the fourth ASX-listed company in the Quebec region with a lithium resource after Allkem (ASX:AKE), Sayona (ASX:SYA) and Patriot Battery Metals (ASX:PMT)   First pass metallurgical test work delivered excellent recoveries, generating a 6% spodumene concentrate using conventional processing techniques   Pontax Central is located in central James Bay close to a major paved road and Hydro Quebec power infrastructure and only 30km south of Allkem’s James Bay Deposit (40.3Mt @ 1.40% Li O), which is progressing towards development.      CYGNUS/ STRIA Joint venture Pontax Central 10.1Mt@1.04%Li2O Click Image To View Full Size   Figure 1: Pontax is located in central James Bay, close to major infrastructure and power, and surrounded by significant developing lithium projects including Allkem’s (AKE) 40.3Mt James Bay deposit located just 30km to the north of Pontax. 1   “We are extremely impressed with the speed and efficiency in which Cygnus Metals established this JORC maiden resource estimate. With only 11328 metres of drilling and a cost of $0.49 CDN per tonne of resource we can conclude that this strategy is extremely beneficial to investors in creating real value in the ground per dollar of investment.” Dean Hanisch CEO of Stria Lithium.    Please see link to Cygnus Metals’ full press release dated August 14 th,2023 https://www.cygnusmetals.com/investors           About Stria Lithium Stria Lithium (TSXV.SRA, OTCQB.SRCAF, FRANKFURT.S35A.F) is an emerging resource exploration company developing Canadian lithium reserves in the Eeyou Istchee James Bay Territory of Québec, Canada, to meet legislated demand for electric vehicles and their rechargeable lithium-ion batteries. Lithium is a rare metal and an indispensable component of rechargeable lithium-ion batteries, one of the safest and most efficient energy storage technologies available today, used in everything from cell phones and power tools to electric cars and industrial-scale energy storage for renewable power sources such as wind and solar generation.   Stria’s Central Pontax Lithium Project covers 36 square kilometres, including 8 kilometres of strike along the prospective Chambois Greenstone Belt. The region, known as the Canadian “Lithium Triangle,” is one of only a few known sources of lithium available for hard rock mining in North America.   Stria has entered into a JV agreement with Cygnus Metals (ASX:CY5) on its Pontax Central project. Cygnus Metals is committed to fully funding and managing the current two-stage exploration and drilling program to a maximum of $10 million at Stria’s Pontax property, and will also pay Stria up to $6 million in cash. In return, Cygnus may acquire up to a 70% interest in the property. Cygnus has fulfilled its stage 1 requirements within the agreement and has now earned its 51% interest in the property as per above share issuance. Stria’s other significant project, Pontax II is due southeast to Pontax Central. These 128 individual claims totalling 6811 hectares (68 square kilometres) are on strike with stria’s existing Pontax Central project along the prospective Chambois Greenstone belt hosting spodumene bearing pegmatites. Stria Lithium previously reported highly anomalous tantalum oxide grain counts in till samples up to 797 grains, the highest count ever recorded by the laboratory. The Pontax II grain counts stand at the 97.6 centile of the regional population with an average of 156 grains per sample as a comparative basis, a regional survey in the same area conducted by the Ministère de l’Énergie et des Ressources Naturelles du Québec, processed a total of 5950 tantalum oxide grains yielding an average count of 36 grains per samples. The conclusion being the grain counts are suggestive of the proximity of lithium bearing pegmatites. Chip sampling and mapping is underway summer 2023 (currently) in preparation for a follow up winter drill program. Pontax II claims are in highly active prospective zones, situated to the west southwest of Stria/Cygnus lithium discovery and situated to the west of the Patriot Battery Metals (PMET.V) Pontax project, and south of Brunswick Exploration (BRW.V). Stria’s Pontax properties are both situated close to an industrial powerline and a major paved highway, about 310 km north of the North American rail network that leads to the industrial heartland.   As momentum builds for the green energy revolution and the shift to electric vehicles, governments in Canada and the U.S. are aggressively supporting the North American lithium industry, presenting the industry and its investors with a rare, if not unprecedented, opportunity for growth and prosperity well into the next decade and beyond.   Stria is committed to exceeding the industry’s environmental, social and governance standards. A critical part of that commitment is forging meaningful, enduring and mutually beneficial relationships with the James Bay Cree Nation (Eeyouch), and engaging openly and respectfully as neighbours and collaborators in this exciting project that has the potential to create lasting jobs and prosperity for Eeyou Istchee and its people.   For more information about Stria Lithium and the Pontax Lithium project, please visit https://strialithium.com Follow us on: Twitter @StriaLithium   Instagram @strialithium   Facebook http://www.facebook.com/strialithium   LinkedIn http://www.linkedin.com/company/stria-lithium/     For more information on Stria Lithium Inc., please contact: Dean Hanisch CEO Stria Lithium dhanisch@strialithium.com +1(613) 612-6060   Investors Relations, Stria Lithium Inc. ir@strialithium.com   Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the accuracy or adequacy of this release.   Cautionary Note Regarding Forward-Looking Information   Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.   Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Please refer to the risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.   The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.   Competent Persons Statements - Australia The information in this announcement that relates to Exploration Results is based on and fairly represents information and supporting documentation compiled by Mr Duncan Grieve, a Competent Person who is a member of The Australasian Institute of Geoscientists.  Mr Grieve is the Chief Geologist and a full-time employee of Cygnus Metals and holds shares in the Company.  Mr Grieve has sufficient experience relevant to the style of mineralisation under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (“JORC Code").  Mr Grieve consents to the inclusion in this announcement of the matters based on this information in the form and context in which it appears. The information in this announcement that relates to Mineral Resources at the Pontax Lithium Project is based on and fairly represents information and supporting documentation compiled by Mr Brian Wolfe.  Mr Wolfe is a Competent Person who is an independent consultant specialising in Mineral Resource estimation, evaluation and exploration.  Mr Wolfe is a Member of the Australian Institute of Geoscientists and is an employee of International Resource Solutions Pty Ltd, a company engaged by Cygnus.  Mr Wolfe does not hold securities in Cygnus.  Mr Wolfe has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the JORC Code.  Mr Wolfe consents to the inclusion in this announcement of all technical statements based on his information in the form and context in which they appear.   End Note 1. For the information in this announcement that relates to Mineral Resources, refer to the following: James Bay (40.3Mt @ 1.40% Li 2 O), refer to Allkem Ltd’s ASX release dated 21 December 2021; Whabouchi (55.7Mt @ 1.40% Li 2 O), refer to Nemaska Lithium Inc’s NI 43-101 dated 31 May 2019; Rose (34.2Mt @ 0.90% Li 2 O), refer for Critical Elements Lithium Corp’s TSX-V announcement dated 13 June 2022; Abitibi Lithium Hub (119.1Mt @ 1.1% Li 2 O) operated by Sayona Mining Limited/Piedmont Lithium Inc, refer to Sayona Mining Limited’s ASX release dated 1 March 2022; Moblan (70.9Mt @ 1.15% Li 2 O) operated by Sayona Mining Limited/SOQUEM Inc, refer to Sayona Mining Limited’s ASX release dated 17 April 2023; and Corvette (109.2Mt @ 1.42% Li 2 O), refer to Patriot Battery Metals Ltd’s ASX release dated July 31, 2023. 2. Please refer to Cygnus Metal’s ASX announcement dated July 29, 2022.

August 21, 2023 10:40 AM Eastern Daylight Time

Image
Article thumbnail News Release

Cynomi Study Reveals Number of MSPs Providing Virtual CISO Services Will Grow Fivefold By Next Year

Cyberwire

Cynomi, the leading AI-powered virtual Chief Information Security Officer (vCISO) platform vendor for Managed Service Providers (MSPs), Managed Security Service Providers (MSSPs) and consulting firms, has published the results of its first annual report, “ The State of the Virtual CISO 2023 ”. The report, conducted by Global Surveys on behalf of Cynomi, reveals critical insights into MSPs and MSSPs’ recent shift towards vCISO services. The key highlight of the report is the fact that the number of vCISO service providers is set to increase by 480% between now and the end of next year, from 19% to 86% of MSPs and MSSPs in North America. Of the current 19% that provide vCISO services, just one quarter offered vCISO services prior to 2022. This demonstrates the significant trend of adoption over the last two years that shows no signs of slowing down. The frequency of cyberattacks is on the rise, and hackers are continually targeting smaller businesses. Despite this, most small and mid-size companies cannot afford to hire a dedicated security professional to safeguard their IT assets full-time. Instead, they are increasingly turning to vCISO services, offered by rising numbers of MSPs and MSSPs. These services give SMBs access to external cybersecurity experts at a fraction of the cost of hiring an in-house CISO. Cynomi’s report, based on survey responses from 200 Directors, VPs and C-Suite executives at MSPs/MSSPs in the U.S. and Canada, highlights the growing SMB need for the broad cyber support vCISO services provide, and how MSPs and MSSPs are moving quickly to respond to this demand. Of those not currently offering vCISO services, 84% have said they intend to do so by the end of 2024 and most of the others plan to do so at some point. Indeed, just one percent of the 200 MSPs and MSSPs surveyed said they do not currently have any plans to offer vCISO services. Prior to 2022, only 5% of MSPs and MSSPs were offering vCISO services. Since then, the number of providers offering this service has grown consistently, with 8% in 2022, 28% in 2023, and a projected 45% in 2024 – further evidence of the segment’s accelerating momentum. “Our inaugural report on the State of the Virtual CISO industry clearly shows that vCISO services are building strong momentum as one of the fastest-growing cybersecurity segments on offer,” said David Primor, co-founder and CEO of Cynomi. “More SMBs want this. The vast majority of MSPs and MSSPs will be offering vCISO services by the end of next year, and those that don’t risk being left behind.” MSPs and MSSPs stated a number of reasons for their desire to offer vCISO services, with more than 40% of respondents anticipating increased revenue and higher margins, in addition to easy upsell of other cybersecurity services. By offering vCISO services, 33% of respondents also anticipate enhanced client engagement. Many of these companies also envision challenges along the way: 40% of them are worried by limited in-house security or compliance knowledge, and 33% by a lack of skilled cybersecurity personnel. However, vCISO platforms negate these concerns. “Since we started offering vCISO services last year, we have helped many businesses understand and shore up their security posture in a very cost-effective way,” said Cliff Janzen, VP Security, rSolutions Corporation. “As a vCISO provider, we have become more involved with our customers’ strategic planning and reporting to their top management, while improving client engagement and satisfaction. They’re reassured to know they can turn to us in all matters relating to their cybersecurity needs without breaking the bank. On our end, too, the costs were lower than anticipated; it was great to add these new services through a vCISO platform to be a force multiplier for our existing team.” Cynomi has created a comprehensive and regularly updated directory of leading vCISO service providers for SMBs to find a trusted security partner. The directory provides thorough details on the specific services offered by each vCISO provider, as well as the technology platforms they use to guide and implement their security strategies. As the leading vCISO platform provider for MSPs and MSSPs, Cynomi intends to conduct a recurring study on the growing momentum of the vCISO role each year. To view the full report: https://www.cynomi.com/state-of-the-vciso-2023/ About Cynomi Cynomi’s AI-driven platform empowers MSSPs, MSPs and consultancies to offer vCISO services to SMBs at scale and to provide them with proactive cyber resilience. Combining proprietary AI algorithms with CISO-level knowledge and expertise, Cynomi’s platform streamlines the vCISO’s work while automating manual time-consuming tasks like risk assessment, compliance readiness, cyber posture reporting, the creation of tailored security policies and remediation plans, as well as task management optimization. Cynomi helps partners overcome the cybersecurity skill gap and scale their business, allowing them to offer new services, upsell, and increase revenues, while reducing operational costs. Established in 2020 with the vision that every company deserves a CISO, and with a channel-only approach, Cynomi now serves more than 50 partners worldwide. To learn more about Cynomi’s solution for MSPs, MSSPs, and cyber consultancies visit www.cynomi.com Contact Details Cynomi rotem@cynomi.com rotem@cynomi.com

August 21, 2023 10:36 AM Eastern Daylight Time

Image
Article thumbnail News Release

Imperial College London and FluidAI Partner to Tackle Crypto Market's Liquidity Crunch

FluidAI

FluidAI, the fintech making tokenized market access more efficient for institutions, trading platforms, and retail investors, has announced a groundbreaking partnership with I-X, Imperial College London’s artificial intelligence (AI) initiative. It marks the world’s first-known AI partnership at a globally renowned university to be partially funded by cryptocurrency. Together, FluidAI and I-X will work to solve some of the biggest inefficiencies in digital asset markets such as fragmented liquidity. Crypto markets currently suffer from numerous problems stemming from a lack and fragmentation of liquidity, including high volatility, price slippage, vulnerability to market manipulation, and flash crashes, unlike traditional markets like equities, that have sophisticated infrastructures and settlement systems in place. “Liquidity aggregation in crypto is a global financial challenge and it spurred the founding of FluidAI, and partnering with Imperial is a continuation of our endeavours to help the industry evolve through research and development in areas that require focus such as AI,” said Ahmed Ismail, Co-founder, President, and CEO of FluidAI. “We are delighted to partner with I-X, Imperial College London’s groundbreaking AI initiative on this highly strategic and impactful project that is a global first and one that will help solve what is one of the biggest problems in the crypto industry,” he added. Imperial College London is the UK’s #3 ranked university, and has risen to 10th in the world in the latest Times Higher Education World University rankings. In March of 2021 it launched I-X, an academy strategy project that provides a co-located collaborative environment for research, education, and entrepreneurship across AI, data science, and digital technologies. As one of the world’s foremost public research universities, Imperial plays a leading global role in the development of AI, machine learning, advanced robotics, and augmented and virtual reality. It also houses the Centre for Cryptocurrency Research and Engineering, with the aim of becoming a leading international centre for research and application activity related to cryptocurrency and blockchain technology. "This is a great opportunity to collaborate with a high-growth company, founded by Imperial alumni, in the financial sector. We are looking forward to harnessing I-X capabilities in generative AI to venture into new technological areas together," said Professor Peter Pietzuch, Co-Director at I-X and Professor of Distributed Systems in the Department of Computing at Imperial College London. Over the last year, much of the chaos in global cryptocurrency markets can be attributed to a lack and fragmentation of liquidity. The FluidAI and I-X team-up will tackle this major challenge with the ultimate goal of helping the world more easily adopt and trade digital assets. About FluidAI FluidAI makes tokenized market access more efficient for institutions, trading platforms, and retail investors by using predictive AI-based models to solve inefficiencies in digital asset markets. FluidAI is driven by technologists, academics, data scientists, institutional digital asset platform founders, and investment bankers whose experience spans across tier-one TradFi and crypto institutions such as Bank of America, HAYVN, Goldman Sachs, JP Morgan, Jefferies, Bloomberg, Citigroup, Refinitiv, and leading data science academic institutions such as Imperial College London, and Blekinge Institute of Technology, Sweden. Website | Twitter | Telegram | Announcements | LinkedIn About I-X by Imperial College London Based at Imperial College London's White City Campus, I-X is a co-located space that utilises the College’s long-standing excellence in AI. Through a suite of educational programmes and the start of its recent Business Partners membership scheme, I-X has created an entrepreneurial environment to tackle major societal challenges. Its research focuses on both foundational AI and AI applications, with the goal of delivering real benefits to humanity and scientific exploration within the next five to ten years. The impact of these research initiatives extends to solving pressing problems in health, sustainability, economics, and defence. Contact Details FluidAI Matias Jeldrez, Head of Comms, FluidAI matias.jeldrez@fluidai.com

August 21, 2023 10:24 AM Eastern Daylight Time

Image
Article thumbnail News Release

Fintech Company YAY Moments Introduces Payment Cards to Enhance Gift Voucher Experience

Prodigy Press Wire

Fintech company, YAY Moments, has launched its new payment cards, designed to promote and enhance gift card usage for its users. YAY Moments is an Icelandic fintech company that makes payment vouchers and gift cards. The company is also notable for managing Iceland's government’s Travel Gift program during the COVID experience of 2020. The Icelandic government gave the nation gift cards to spend on tourism, a move aimed at helping the Icelandic tourism sector survive the pandemic. To this end, the government handed out travel gift cards worth 5,000 ISK (approximately $40) to individuals with legal residence in Iceland, who were born in 2002 and earlier. Speaking on the launch of new payment cards, CEO and co-founder of YAY Moments, Ari Steinarsson says YAY Moments has offered gift cards with unique codes, but with the introduction of payment cards, the company aims to make it even easier for users to utilize their gift cards. Steinarsson explains, with this new method, users can make payments at any store or online, just like using any other payment card. According to him, the payment card feature will soon be available on the YAY Moments app, providing a seamless experience for all users. CEO and co-founder of YAY Moments, Ari Steinarsson “The primary objective is to simplify the process of using gift cards in online shopping and enable users to add additional funds to the card if they wish to purchase beyond the gift card value. A frequent challenge with gift cards, especially for online shopping, is the limited options to split payments or use them for transactions exceeding the gift card value. By allowing users to load additional funds onto the gift card, we eliminate the issue of leaving unused amounts on the Gift cards, marking a significant breakthrough in the industry," said Ari Steinarsson, CEO of YAY Moments.” Steinarsson explains that YAY Moments has been gaining traction recently and expanding into new markets, including Canada and Republic of Ireland, as well as more countries in Scandinavia. He notes that one of the remarkable features of YAY Moments payment card system is the real-time tracking of all gift cards in the YAY Moments app. According to him, unlike traditional gift cards issued by banks and retailers where users receive separate physical cards for each voucher, YAY Moments's innovative solution aggregates all Gift cards within the app, meaning users can instantly see the combined value of their Gift cards and utilize the payment card to spend them in one go, both in-store and online. On modalities, Steinarsson stresses that all personalized greetings and messages associated with the gift cards will remain accessible in the app, allowing users to cherish the heartfelt sentiments even after using the Gift cards. "Our approach is unique in the market, and we haven't seen any other company doing it quite like us,” he says. As YAY Moments prepares to enter the Canadian and European markets, Steinarsson emphasizes the brand’s scalability and ease of idea implementation for new markets. He extols the payment card’s versatility and how the user-friendliness of YAY Moments payment card solution makes this concept particularly appealing for online shopping experiences. Media Contact: Name: Ari Steinarsson Email: Ari@yaymoments.com Release ID: 711165

August 21, 2023 09:30 AM Eastern Daylight Time

Image
1 ... 807808809810811 ... 3514
News Direct Logo
Follow us on Facebook Follow us on LinkedIn
Get the latest from News Direct
Contact Us Pricing
Why News Direct
About us Features News Hub
Resources
Terms of Use Privacy Policy
newsdirect.com © 2024 News Direct Corp. All rights reserved. News Direct is a registered trademark.