EMTECH ANNOUNCES BEYOND COMPLIANCE PRODUCT FOR FINTECHS TO PROACTIVELY MANAGE RISK


NEW YORK and ACCRA, Ghana and LAGOS, Nigeria, July 31, 2024 /PRNewswire/ — Award-winning software provider, EMTECH has announced a new software product called Beyond Compliance, to help Financial Service Providers (FSPs) automate and manage regulatory compliance in one place. Regulatory Compliance is an imperative for FSPs as the fines for non-compliance can run into the billions of dollars. Beyond Compliance helps users stay ahead of regulatory issues before they result in fines, loss of a license, bankruptcy or closures.

EMTECH's Beyond Compliance software introduces a new way for fintechs to manage compliance and meet regulatory requirements.
EMTECH’s Beyond Compliance software introduces a new way for fintechs to manage compliance and meet regulatory requirements.

The ground-breaking Beyond Compliance product provides users with regulatory checklists and workflows to enable and guide them through compliance processes. By simply selecting their regulator or jurisdiction and providing a few details, users can standardize and automate compliance activities. EMTECH designed the compliance product to increase business efficiency and reduce labor costs while reducing fragmentation and manual processes.

As the incidences of fraud, digital identity theft and money laundering increase, a recent McKinsey & Company report, “The future of the payments industry: How managing risk can drive growth notes that service providers should “modify their risk management programs to protect their revenue and improve regulatory compliance. This may include enhancements to issue management, due diligence processes, risk appetite setting, or risk identification processes.”

“If fintech is to grow more resilient and effective at protecting consumers today and in the future, we have to rethink how compliance will be managed compared to how it’s done today. With highly fragmented regulatory requirements, risk monitoring and reporting methods, a more integrated compliance management platform is an essential tool for survival and growth” notes Carmelle Cadet, CEO and Founder of EMTECH.

The Beyond Compliance product provides “a great user experience, it is a customizable solution. The product is detailed and very effective in ensuring compliance to regulatory directives”, says beta user Kwasi Ofei, Head of Compliance at Juni Payments.

“Regulatory compliance can be a complex task for FSPs. EMTECH’s Beyond Compliance is designed to help fintechs manage their compliance requirements, in one or more markets, monitor their compliance status and provide a level of regulatory visibility that is required by Central Bankers and regulators,” says Steven Dickens, Chief Technology Advisor at The Futurum Group.

About EMTECH
EMTECH provides software, data and services that connect central banks to other regulators and financial services providers. EMTECH’s platforms power regulatory data exchange, compliance, supervision, currency issuance and currency movement in financial markets. The company is founded and led by a former IBM Blockchain Executive, Carmelle Cadet.

For more information visit the EMTECH website.

Media Contacts:

Linda Arroz, Makeover Media
Phone: 818.635.8753
email:linda.arroz@makeovermedia.com 

Mary Hall, Chief Marketing Officer, EMTECH
Email: Mary@EMTECH.com

Micron Unveils Groundbreaking Ninth-Generation NAND Flash Technology

Micron Technology has taken a significant leap forward in data storage technology with the introduction of its ninth-generation (G9) TLC NAND flash memory. This innovation positions Micron as a leader in the industry, offering unparalleled performance and efficiency for data-intensive applications.

Unmatched Speed & Density

The G9 NAND boasts a staggering transfer speed of 3.6 GB/s, a substantial leap compared to previous generations. This groundbreaking technology is poised to revolutionize the performance of Solid State Drives (SSDs) and other storage devices, particularly in sectors requiring high-speed data processing, such as artificial intelligence (AI) and cloud computing.

Micron G9 TLC NAND

Micron’s G9 NAND excels in density as well. It occupies 28% less space than competing technologies while maintaining high storage capacity. This efficiency translates to smaller, more compact devices without compromising performance, as detailed in the Micron G9 NAND product page.

The performance benefits of G9 NAND extend beyond raw speed. It offers up to 99% higher write bandwidth and 88% better read bandwidth per die compared to previous generations, significantly enhancing the overall performance of SSDs (as referenced in the 2650 NVMe SSD product brief).

Micron 2650 NVMe SSD: A Showcase for G9 NAND’s Potential

The Micron 2650 NVMe SSD serves as a prime example of the G9 NAND’s capabilities. According to Micron, this SSD delivers exceptional performance in real-world applications, outperforming competitors by up to 38% in PCMark 10 benchmarks. This should translate to faster boot times, smoother multitasking, and quicker application launches for users.

Micron’s commitment to innovation extends beyond performance. The company is also focused on energy efficiency. The G9 NAND contributes to reducing power consumption in SSDs, making it an environmentally friendly choice for data centres and consumers alike.

As the demand for high-performance storage solutions continues to grow, Micron’s G9 NAND technology is poised to play a pivotal role in meeting the evolving needs of various industries, from data centres to consumer electronics.

Pricing & Availability

Specific pricing and availability details for the G9 NAND and Micron 2650 SSD have not been officially released. However, considering the target market and the focus on cutting-edge technology, the pricing is expected to reflect its premium positioning.

Micron 9550 NVMe SSD Boosts Performance and Efficiency for Data Centres

Micron Technology has introduced the Micron 9550 NVMe SSD, a groundbreaking storage solution designed to excel in demanding data centre environments. This SSD is particularly well-suited for AI workloads, offering exceptional performance and efficiency.

At the core of the 9550 SSD’s capabilities are its impressive speed metrics. Delivering sequential read and write speeds of 14.0 GB/s and 10.0 GB/s respectively, the drive significantly outperforms its predecessors. These figures, coupled with industry-leading random read and write speeds, position the 9550 SSD as a top choice for handling the intensive data processing demands of AI applications.

9550 SSD

Micron’s vertical integration strategy, encompassing controller, NAND, DRAM, and firmware development, has been instrumental in achieving the 9550 SSD’s exceptional performance. This approach allows for fine-tuned optimization and the integration of advanced features such as self-encrypting drive capabilities and compliance with security standards like SPDM 1.2.

Power efficiency is another key strength of the 9550 SSD. Consuming up to 43% less power than comparable SSDs in AI workloads, the drive contributes to reduced energy consumption and lower operating costs in data centres. This efficiency is particularly crucial in the context of growing environmental concerns and rising energy costs.

The 9550 SSD is designed to integrate into existing data centre infrastructure seamlessly. It is compatible with leading industry platforms, including NVIDIA’s Magnum IO GPUDirect Storage and AMD EPYC-based servers. Intel has also expressed support for the drive, highlighting its alignment with Intel’s Xeon processor platforms.

Available in capacities ranging from 3.2TB to 30.72TB and across multiple form factors, the Micron 9550 SSD offers flexibility to meet the diverse needs of data centre operators. Its focus on performance, efficiency, and security makes it a compelling choice for organizations seeking to optimize their data centre operations for demanding workloads such as AI, machine learning, and high-performance computing.

While specific pricing and availability details have not been disclosed, Micron has confirmed that the 9550 SSD is currently sampling globally. This suggests that the product is likely to be commercially available in the near future.

Litheli Launches Car Fridge Featuring Backpack Design & Detachable Battery for Ultimate Portable Chill

NEW YORK, July 31, 2024 /PRNewswire/ — Litheli, a brand specializing in the design and manufacturing of battery-powered products, today announced the launch of FrozenPack, an all-around backpack car fridge that can be powered by a car cigarette port and detachable batteries.

FrozenPack offers rapid cooling in just 15 minutes from 77°F to 32°F (25°C to 0°C), with the lowest down to -4°F (-20°C), ensuring that your food and drinks stay chilled for any adventures. It boasts 77% larger capacity than traditional bulky car fridges, making it the ideal chill partner for all kinds of outings: place it in your car, secure it on your e-bike or as a backpack for the wildest adventures.

Litheli FrozenPack Car Fridge launches on Indiegogo
Litheli FrozenPack Car Fridge launches on Indiegogo

“FrozenPack overcomes limitations and brings you to destinations where wheels cannot reach. As the inventor of INFINITY POWER SHARE (IPS), Litheli aims to extend the value of detachable batteries and free them from garage or tool shed to the great outdoors,” said Ivy Ying, Litheli’s General Manager and Co-Founder.

FrozenPack can be powered in two ways: by a car cigarette port or the U20 IPS SUPER BATTERY, which is also the universal power source for all Litheli U20 products — from garden tools to power tools. The U20 Battery functions as a power bank to charge electronic devices, including laptops and mobile phones, and it can also be recharged via the USB-C port.

Litheli’s IPS Model of Battery-Powered Tools And Devices
Litheli’s IPS Model of Battery-Powered Tools And Devices

Pricing & Availability

Litheli FrozenPack is now available on Indiegogo at a Super Early Bird Price of 219 USD, a remarkable 31% discount from 319 USD, with add-ons like the L-shaped rack for e-bikes and motorbikes, eWagon W2 Pro for easy cruising, Electric SUP Air Pump for adventure gears, and Flint 288 power station for extended power charging.

FrozenPack is already in mass production and will soon be available in late September on Amazon US, litheli.com, and other online websites.

About Litheli

Founded in 2017, Litheli is the innovator of new energy power and tools, making power flexible and tools easier to use. As the creator of DC2.0 battery platform and Infinity Power Share (IPS), Litheli offers an independent and convenient energy experience with solar panels, power stations, and battery-powered products for users to enjoy in indoor, garden, car, and outdoor scenarios.

Seadronix Disrupts Maritime Technology with Groundbreaking AI Model

SEOUL, South Korea, July 30, 2024 /PRNewswire/ — Seadronix, a leader in AI-enabled autonomous ship navigation solutions, has announced the release of a groundbreaking white paper on artificial intelligence (AI) for marine object recognition. This innovative research introduces the VaDA (Vertical and Detail Attention) model, an advanced AI technology designed to recognize objects in challenging marine conditions, such as light reflections, interference, and adverse weather.

Example of benchmark dataset introduced in the white paper. Using the VaDA AI model, detailed segmentation of objects allows for accurate recognition of ships, terrain, and the sea surface.
Example of benchmark dataset introduced in the white paper. Using the VaDA AI model, detailed segmentation of objects allows for accurate recognition of ships, terrain, and the sea surface.

The VaDA model represents a significant technological breakthrough for Seadronix, the result of years of diligent work by researchers collecting and analyzing real operational data from the maritime industry, where data acquisition is notoriously difficult. VaDA’s development involved an unprecedented amount of real-maritime data, achieving state-of-the-art performance in terms of both accuracy and cost-effectiveness.

In a landmark move for the marine AI industry, Seadronix has also introduced the OASIs (Ocean AI Segmentation Initiatives) dataset, the first benchmark dataset of its kind. This initiative is set to transform the industry by providing a new standard for comparing AI technologies in object recognition, addressing a critical gap in maritime AI development.

Seadronix plans to showcase its key technologies, including the VaDA model and sensor fusion, at two prestigious international conferences: the IEEE/RSJ International Conference on Intelligent Robots and Systems (IROS) and the International Conference on Maritime Autonomous Surface Ships. By presenting at these events, Seadronix aims to cement its position as a global leader in maritime AI.

“The release of the OASIs benchmark dataset marks a significant milestone in the advancement of AI technology,” said Hankeun Kim, Chief Technology Officer of Seadronix. “We are committed to continuously driving innovation and development in the maritime AI sector.”

The introduction of object recognition AI technology is crucial for enhancing navigation assistance, safety, and ship automation. This technology is essential for autonomous navigation research, as it can detect and classify all objects at sea, from small buoys to large vessels and geographical features. Seadronix’s AI capabilities set a high standard in the industry.

Seadronix’s specialization in developing AI technology for marine environments, previously deemed impossible, positions the company as a leader in the digital transformation of the global shipping and port sectors. This innovation is poised to revolutionize autonomous navigation and serve as a game-changer in the industry.

Sony ZV-E10 II & E PZ 16-50mm F3.5-5.6 OSS II Launched in Malaysia

Sony has announced the second generation of its popular content creation camera, the ZV-E10 II. Building upon the success of its predecessor, the ZV-E10 II retains the core features that made it a favourite amongst creators – compact design, user-friendly interface, and impressive video capabilities – while introducing several enhancements designed to further elevate the content creation experience.

Sony Z EV10 II Launch (2)

The ZV-E10 II boasts an upgraded 26-megapixel Exmor R CMOS sensor and the latest BIONZ XR image processing engine, promising improved image quality and performance compared to its predecessor. This translates to better low-light performance, sharper images, and smoother video recording.

One of the most exciting additions is the Cinematic Vlog Setting. With a single touch, this feature helps creators capture professional-looking cinematic footage by automatically adjusting aspects like aspect ratio, frame rate, and autofocus transition speed. Additionally, creators can further enhance their content with a selection of Creative Looks and Moods, offering extensive colour and tonal control for a personalized touch.

Focus on User Experience and Streamlined Workflow

The ZV-E10 II prioritizes user experience with a focus on ease of use and efficient workflows. The camera features a new vertical User Interface (UI) that automatically rotates when shooting in portrait mode, ideal for content creators who primarily produce content for social media platforms like TikTok and Instagram. Additionally, the improved high-capacity Z battery (NP-FZ100) extends recording times, allowing creators to capture more content without worrying about running out of power.

In terms of content creation tools, the ZV-E10 II retains popular features like the vari-angle LCD screen for easy self-shooting, Product Showcase Setting for highlighting products in videos, and Background Defocus Function for creating a professional bokeh effect. The improved autofocus system ensures sharp focus on subjects, even when recording fast-paced action.

The ZV-E10 II is equipped with a USB 3.2 Type-C port for fast, wired data transfer to a compatible smartphone or PC, allowing creators to seamlessly transfer and edit their content. The camera also supports high-quality live streaming through a 5 GHz Wi-Fi connection.

Keeping accessibility in mind, Sony has included a Screen Reader function that reads menus and video playback screens aloud, as well as a menu Magnify Display function to assist users with visual impairments.

The ZV-E10 II reflects Sony’s commitment to environmental responsibility. The camera body incorporates recycled materials, including SORPLAS, to minimize environmental impact without compromising functionality. The packaging also utilizes Sony’s unique recycled paper material, further reducing the environmental footprint.

The E PZ 16-50mm F3.5-5.6 OSS II Lens

Alongside the ZV-E10 II, Sony has also announced the E PZ 16-50mm F3.5-5.6 OSS II, a compact power zoom lens ideal for the ZV-E10 II. This versatile lens offers a 24-75mm focal length (35mm full-frame equivalent), making it suitable for various shooting situations, from wide landscapes to close-up details. The E PZ 16-50mm F3.5-5.6 OSS II features built-in optical stabilization that works in conjunction with the in-body stabilization system of the ZV-E10 II to minimize camera shake and ensure smooth footage.

Pricing & Availability

The ZV-E10 II and the E PZ 16-50mm F3.5-5.6 OSS II will be available in Malaysia from August 2024 in black. Pre-orders are now open at Sony’s website and authorized retailers. Our sources at Sony tell us that pre-orders could be shipped out as soon as 1 August 2024.

The Sony ZV-E10 II will be priced at RM4,999 for the body only while the kit together with the E PZ 16-50mm F3.5-5.6 OSS II will be priced at RM5,199. The lens alone will be retailing for RM1,499.

Sony Malaysia Showcases Innovations at Sony Expo 2024

Sony Malaysia is set to captivate audiences with the Sony Expo 2024 happening from July 29th to August 4th at Mid Valley Megamall. Sony Malaysia will be showcasing some of the latest tech from the recently announced BRAVIA TVs to a brand new camera and award-winning audio products like its new ULT line up.

Mikio Nakazawa, Managing Director of Sony Malaysia, expressed his excitement about the expo, highlighting its role in not only celebrating innovation but also rewarding customers with exclusive offers and exciting prizes. In his own words, “Sony Expo 2024 not only celebrates innovation but also rewards our customers with fantastic offers and chances to win incredible prizes. Join us at Mid Valley Megamall for an unforgettable experience and an immersive journey into the future of technology.”

Sony Expo Midvalley July 2024

The Sony Expo 2024 offers a diverse range of attractions. Visitors can explore the latest advancements in televisions, audio systems, digital imaging, and more. Interactive displays will bring Sony’s technologies to life, allowing attendees to experience firsthand how these innovations can enhance their daily lives.

Beyond showcasing products, the expo emphasizes Sony’s commitment to sustainability. Attendees can learn about the company’s eco-friendly initiatives and product materials.

To make the event even more enticing, Sony has prepared a series of promotions and rewards. Shoppers can enjoy exclusive discounts on a wide range of products, from televisions to audio systems and cameras. Exciting free gifts and prizes await visitors, adding an extra layer of excitement to the expo experience.

For those looking to win big, Sony is offering a grand prize draw. With every purchase of a 2024 new large-screen television and a 2024 soundbar, customers enter a chance to win a pair of flight tickets to Los Angeles, including a VIP tour of Sony Pictures Studio.

Toshiba Malaysia Unveils New Showroom, Launches Exciting Buy & Win Campaign

Toshiba has unveiled its newly renovated showroom in Glenmarie, Shah Alam. The showroom will not only serve as a customer service touchpoint but will also showcase Toshiba’s latest home appliances. It also marks a significant investment in enhancing the customer experience in Malaysia. The RM500,000 revamp aims to provide customers with a premium and immersive shopping environment.

Toshiba showroom (2)

To celebrate the showroom’s grand reopening, Toshiba has launched the “Beyond Details Buy & Win” campaign. Running from August 1st to January 15th, 2025, this campaign offers customers a chance to win a Lexus ES250 Premium with every purchase of Toshiba products.

The revamped showroom features Toshiba’s innovative JAPANDi-style appliances, including refrigerators, washing machines, dishwashers, water heaters, and small kitchen appliances. This curated collection highlights the company’s focus on combining modern technology with aesthetic appeal.

Toshiba showroom

In addition to the “Beyond Details Buy & Win” campaign, the company has introduced the “Sama-Sama Gemilang” campaign, offering customers the opportunity to purchase a free electrical toaster or blender with selected appliance purchases. This promotion runs from August 1st to September 30th, 2024.

Blackmagic Camera App Now Supports Android Phones Including the Google Pixel 6 & Samsung Galaxy Phones

Blackmagic Design, one of the leading brands in professional video production equipment, has broadened the reach of its Blackmagic Camera app for Android. This update, released in July 2024, brings professional-grade mobile filmmaking capabilities to a wider range of users, including owners of the Google Pixel 6 series, Samsung Galaxy S21 and S22 lines, OnePlus 11 and 12 models, and Xiaomi 13 and 14 devices.

blackmagic camera for android hero@2x
Source: BlackMagic Design

Previously, the Blackmagic Camera app was limited to a select few high-end smartphones, primarily Apple’s iPhone, Google Pixel and Samsung Galaxy flagships. This update brings more devices into the fold, allowing users better control of their smartphone cameras and expanding content creation horizons.

The Blackmagic Camera app transforms your smartphone into a powerful filmmaking tool. It goes beyond the limitations of native camera apps, offering features like:

  • Digital Film Profiles: Capture stunning visuals with professional-grade colour science, replicating the look of classic films.
  • RAW Recording: Record uncompressed video footage, offering maximum flexibility for colour grading and post-production adjustments.
  • Advanced Exposure Controls: Gain granular control over exposure with features like focus peaking, zebra stripes, and false colour monitoring.
  • Multiple Frame Rates: Choose from a variety of frame rates to achieve the desired visual effect, from smooth slow-motion to high-speed action sequences.
  • External Monitoring (via update): The latest update enables HDMI monitoring, allowing you to view your footage on a larger external display for more precise framing and focus control. (Availability may vary depending on the device)
blackmagic camera for android recording landscape@2x
Source: BlackMagic Design

This feature set empowers users to capture high-quality cinematic footage on their smartphones, previously achievable only with dedicated cameras.

The update expands beyond device compatibility. It introduces several new functionalities that enhance the overall user experience:

  • 3D LUTs for Recording and Monitoring: Apply custom 3D LUTs (Look Up Tables) during recording and monitoring to achieve specific colour styles in real-time.
  • Pull Focus Transition Controls: Create smooth, cinematic focus transitions for a more polished look.
  • Blackmagic Cloud Integration: This update allows users to connect to Blackmagic Cloud for Organizations, facilitating collaboration and project sharing within teams.

These additions further elevate the app’s capabilities, providing users with greater creative control and streamlined workflows.

Toss Securities Expands Global Footprint with Establishment of US Office

  • Toss Securities establishes its first global office in the U.S., aiming to expand its global presence
  • Kyungsoo (Peter) Kim, the current Head of Finance, will be appointed as the CEO for U.S. entity
  • Seungyeon Kim, CEO of Toss Securities says “The U.S. office will significantly accelerate the company’s business base in the market”

SEOUL, South Korea, July 30, 2024 /PRNewswire/ — In a strategic bid to extend its global footprint, Toss Securities, a securities firm with the largest data-driven investment platform in South Korea, is set to establish a new corporate office in the United States.

Toss Securities is a subsidiary of the South Korean fintech giant, Viva Republica, which operates the financial super app Toss. Its integrated account service allows customers to conveniently trade multiple financial instruments from one account without installing a separate app.

At a recent board meeting, the company unanimously voted to approve establishing a U.S. office under the name Toss Securities Americas (TSA), which is expected to be established during the second half of this year.

Kyungsoo (Peter) Kim, the current Head of Finance of Toss Securities, will be appointed as the CEO of its new wholly owned subsidiary, TSA. This will allow Toss Securities to bolster relationships with U.S. brokers and partners.

Toss Securities is also actively pursuing various non-financial business opportunities. One of its recent collaborations includes a marketing and partnership agreement with GraniteShares, one of the leading global ETF operators in the U.S. This partnership is part of the company’s efforts to identify and explore potential opportunities for business expansion.

“As a market leader in Korea for U.S. securities trading, it is a clear progression for Toss Securities to expand into the U.S. market,” said Seungyeon Kim, CEO of Toss Securities. “We are already working closely with our partners in the U.S., and this establishment will significantly accelerate our business base in the market.”

Toss Securities, which launched its mobile trading platform in March 2021, has been a trailblazer in the Korean investment industry as the first securities company of the mobile era. As of July 2024, the company has more than 6.1 million customers and over 3.2 million Monthly Active Users (MAU).

About Toss Securities

Toss Securities, a subsidiary company of Viva Republica, which operates the financial super app Toss, launched its customer service in March 2021. As a newly licensed securities company after 13 years, it provides user-centered services with UX/UI optimized for the mobile environment. In particular, it is the first in the industry to introduce an integrated account service that allows customers to conveniently trade multiple financial instruments from one account without installing a separate app, and as of July 2024, more than 6.1 million customers have used Toss Securities. Monthly Active Users (MAU) reach over 3.2 million to date. In addition to real-time overseas decimal stock trading, the company offers a variety of services such as community and customized content and is evolving into a data-driven investment platform.