LONDON, March 5, 2025 /PRNewswire/ — Lloyd’s Register, a UK-based classification society and professional advisory service, will become one of the first maritime organisations to use generative AI for permitting capabilities built upon Microsoft Azure OpenAI Service, to bridge the gap between terrestrial and maritime applications. 

The capabilities are designed to enhance the regulatory process for nuclear technology and will be used by Lloyd’s Register to advance the deployment of nuclear in maritime applications.    

Azure’s generative AI capabilities work by analysing historic nuclear licensing data and allows licensing engineers to draft new permitting documents more quickly, ready for review and refinement. It can also quickly search for regulations, precedents, and other valuable information buried in large regulatory datasets. 

The technology enables a faster and more cost-effective pathway through regulation, which is essential for making nuclear a viable clean energy solution. 

Mark Tipping, LR’s Global Offshore Power To X Director, who leads on nuclear technology, said: “We have a large data source from decades of regulatory applications which these AI capabilities can interrogate swiftly to identify good practice and lessons learned.”

“Together, we’re tackling one of the biggest challenges in deploying nuclear technology, which is navigating complex, slow, and costly licensing processes.” 

AI has the power to break through barriers allowing to unlock the potential of nuclear across floating nuclear power, offshore, and ship power.  

Tipping added: “Collaborating with Microsoft provides us with an excellent opportunity to combine two very different areas of expertise, their AI capabilities and our vast history and knowledge of maritime and nuclear safety.” 

This collaboration has been driven by Lloyd’s Register’s CTIO team. Deputy Chief Technology and Innovation Officer Jeff Scott, who played a key role in engaging with Microsoft to explore AI’s potential in maritime nuclear regulation, said: “Regulations shouldn’t be a roadblock to innovation—they should be a launchpad. By teaming up with Microsoft, we’re using AI to cut through the red tape and fast-track the future of nuclear in maritime. It’s an exciting step toward making clean energy a reality on the water.” 

Darryl Willis, Microsoft CVP, Energy & Resources Industry, said: “This collaboration underscores our commitment to harnessing the power of AI to drive innovation and advance sustainability across sectors.” 

“By combining our AI expertise with Lloyd’s Register’s expertise in maritime and nuclear safety, we are paving the way to ease regulatory barriers and make sustainability more attainable for all industries.” 

Notes to editors: 

Attached to this press release are images of the projected future design of nuclear power barges, the sort of novel technology this AI capability will be used to accelerate. The images are kindly licenced for use by Lucid Catalyst. 

To read more about LR’s expertise in nuclear applications, more information is available here: 
Nuclear Fuel | Fuel For Thought | LR 

To read more about LR’s expertise in AI and digital technology, please read here: 
Beyond the Horizon | LR 
 

About Lloyd’s Register   

Trusted maritime advisors, partnering with clients to drive performance across the ocean economy. 

Lloyd’s Register (LR) is a global professional services group specialising in marine engineering and technology. Created more than 260 years ago as the world’s first marine classification society, to improve and set standards for the safety of ships. 

Today we are a leading provider of classification and compliance services to the marine and offshore industries, helping our clients design, construct and operate their assets to accepted levels of safety and environmental compliance. 

We also provide advice, support and solutions on fleet performance, fleet optimisation and voyage optimisation, enhancing our clients’ digital capabilities. Our digital solutions are relied upon by more than 20,000 vessels. 

In the race to zero emissions, our research, technical expertise and industry-firsts are supporting a safe, sustainable maritime energy transition. 

Lloyd’s Register Group is wholly owned by the Lloyd’s Register Foundation, a politically and financially independent global charity that promotes safety and education. 

For more information, go to www.lr.org

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View original content:https://www.prnewswire.co.uk/news-releases/lloyds-register-to-use-generative-ai-to-advance-the-application-of-nuclear-technology-in-maritime-in-collaboration-with-microsoft-302391979.html

Lonestar’s Freedom Data Center Payload successfully meets all of its technical and commercial milestones in CisLunar Space ahead of Historic Moon Landing

ST. PETERSBURG, Fla., March 5, 2025 /PRNewswire/ — Lonestar Data Holdings has reached a historic milestone with the successful commercial test and operation of its data center en route to the Moon marking a pivotal step in establishing the first-ever commercial lunar data center as a new layer of critical resilient data center infrastructure serving the world.

Since launching on the 26th February, Lonestar’s Freedom data center payload has traveled over 300,000 kilometers and has now entered Lunar Orbit traveling to the Moon on Intuitive Machines’ Athena Lunar Lander. En route to the Moon in CisLunar space , Lonestar’s data center payload successfully completed a series of critical commercial operational tests, proving the viability, functionality, communication, and resilience of its data center technology in space. Notable achievements include:

Successful test of data storage and Disaster Recovery for its Government and Enterprise customers. Here Lonestar executed file uploads, downloads, data encryption, decryption, authentication, and in-space data manipulation for its customers.Lonestar’s payload successfully executed edge processing tasks in space, including data handling for Valkyrie AI, the Exploration Institute, and other key customers.Lonestar’s payload successfully demonstrated its in-space endurance with all of its power, temperature, CPU memory, and telemetry readings remaining stable, demonstrating the survivability of Lonestar’s technology in the harsh environment of space at both upper and lower operational limits.

Lonestar’s first commercial lunar data center is designed to provide secure, resilient, and independent storage for mission-critical data beyond Earth. It has now successfully demonstrated this for its key customers.

Next Up: Preparing for Lunar Surface Operations

With its data center successfully proven for in-space functionality, Lonestar is preparing for the next phase of its mission: lunar surface operations. When Athena lands as planned no earlier than March 6, Lonestar’s technology will undergo additional tests on the Moon’s surface, further validating its ability to store and process data in one of the most extreme environments known to humanity.

A Historic Step for Data Storage in Space

“Harnessing space as a resource for business, innovation, and long-term sustainability is key to driving the growth of the new space economy. At Space Florida, we are committed to advancing infrastructure and fostering partnerships that ensure Florida remains the premier hub for interplanetary commerce,” said Rob Long, president and CEO of Space Florida. “Congratulations to our partners at Lonestar on another successful test mission to the Moon.”

“This is our Kitty Hawk moment. This is where the future begins for this new resilient layer of critical global infrastructure serving us all down here on Earth. This is an extraordinary moment for Lonestar and for the future of secure global data storage,” said Chris Stott, CEO of Lonestar Data Holdings. “By proving that our technology can operate in space, we are one step closer to establishing the Lunar L1 Lagrange Point and the Moon as the ultimate off-Earth storage and data resiliency solutions. We are thrilled with the results so far and eagerly anticipate the next phase of this groundbreaking mission.”

Leveraging Earth’s largest satellite, the Moon, and the space around it to ensure secure data storage with, data sovereignty, security, resiliency and redundancy will become increasingly vital. Lonestar is committed to pioneering lunar-based edge computing and storage solutions, ensuring that critical digital assets can be preserved independent of Earth-based infrastructure.

With its successful milestones en route to the Moon, Lonestar is now poised to make history as the first company to operate a commercial data center on the lunar surface.

About Lonestar Data Holdings

Lonestar Data Holdings is a pioneering data center company utilizing space technology to provide a critical layer of resilient secure and compliant data center infrastructure to support a layer of secure, off-Earth data storage and computing solutions. By leveraging Cislunar orbits and the Moon’s stable environment, Lonestar is developing a new paradigm for data sovereignty, security, and resilience for governments, corporations, and future space missions. Lonestar’s mission is Resiliency as a Service (RaaS) for premium global secure data storage. To do this Lonestar is backing up terrestrial data centers and their premium customers via an independent space-based data storage and communications network .

Lonestar has been founded by a proven team of experts from the Cloud and Space verticals to pioneer a future for data at the edge for all of us. Our mission is to apply abundance thinking and exponential technologies to the endless possibilities of lunar data storage for humanity and in so doing to the exploration of the Moon and beyond. Lonestar offers Global Backup, Global Refresh, and Global Restore.

Lonestar’s vision is fueled by remarkable investors led by Scout Ventures, 2 Future Holdings, Seldor Capital, the Veteran Fund. Irongate Global Capital, Atypical Ventures, Kittyhawk Ventures, and Backswing Ventures.
In February 2024, Lonestar successfully tested its first data center from the Moon and in Cislunar space. Stay tuned for our next steps and giant leaps.

Lonestar is committed to a carbon negative future.

For more information about Lonestar Data Holdings Inc. and the Freedom Payload mission, please visit www.lonestarlunar.com.

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SOURCE Lonestar Data Holdings Inc.

Switch to automated onboarding slashes sign-up time from hours to seconds

LONDON, March 5, 2025 /PRNewswire/ — Flagstone, the UK’s largest savings platform*, has partnered with Alloy, a leading identity and fraud prevention platform provider, to deliver a seamless, automated onboarding experience for individual and business customers. The partnership allows Flagstone to approve new applications within seconds, without impinging on the highest standards of security and compliance, and integrate global data partners into a single dashboard.

By leveraging Alloy, Flagstone’s enhanced KYC (Know Your Customer) controls ensure that every new client benefits from a streamlined and intuitive onboarding journey without compromising on rigorous verification processes.

With £1.1 trillion lost to financial crime annually in the UK**, financial institutions must strike a delicate balance between security and speed. Traditional onboarding processes can be manual, slow and full of friction, discouraging customers from completing applications and leaving firms vulnerable to fraud. The situation is exacerbated by a surge in AI-driven impersonations, deep fakes and organised crime rings. Together these present greater challenges for companies whose duty it is to protect themselves and their customers from the risk of financial loss. Through its partnership with Alloy, Flagstone has automated its onboarding process, reducing friction, improving conversion and pleasing customers, all without compromising security.

With Alloy, Flagstone has significantly upgraded from a legacy onboarding process that sometimes took several hours and required manual oversight. Now, Flagstone has vastly increased its average STP (straight through processing rates). As a result, the company can now offer savers access to the UK market’s widest choice of savings products faster than ever before.

Francesco Fulcoli, Chief Compliance and Risk Officer at Flagstone, comments: “Alloy fully understands our ambition to take a data-led approach to analysing our users’ needs and translate that back into the sort of compliant and superior customer experience we want to provide. By digitising our AML/KYC processes with Alloy, we’ve sped up exponentially how quickly savers can begin to enjoy access to hundreds of savings accounts on a single platform. Speed with certainty delights customers, serves our bank partners well, and sets us up for continued market leadership for years to come. Alloy’s automated monitoring and decisioning tools ensure we can meet our regulatory obligations efficiently while offering our customers a fast and secure onboarding experience.”

James Baston-Pitt, Alloy’s Head of Growth UK, EMEA and APAC, adds: “Businesses like Flagstone must maintain a constant balance between acting in the best possible interests of their stakeholders while also maintaining a brilliant customer experience. By partnering with Alloy, Flagstone is creating a secure and stable environment in which the business can swiftly verify customer identities without causing unnecessary friction or delays – something that is paramount to the successful operation of this fast-growing, in-demand business. We’re delighted to be the engine behind Flagstone’s latest innovation.”

Founded in 2013, Flagstone has grown quickly in the last three years to become the UK’s largest savings platform as more savers than ever turn to cash as a way to maximise the interest earning potential on their money in a low-risk, high-return way. Today Flagstone handles around £16 billion in assets on behalf of its individual, business and charity customers. Flagstone customers generated cumulative returns of more than £500 million on their savings in 2024 through the platform. Flagstone is also the engine behind the savings proposition for over 1000 financial services providers with whom Flagstone has API integrations or partnerships.

Founded in 2015, Alloy enables global fintech companies to balance risk with growth as they serve more customers around the world. Some of the world’s fastest-growing fintechs rely on Alloy’s identity and fraud prevention platform to test, launch, and scale new products while maintaining confidence in their customers and the trust of partner banks and regulators. From supporting single-use cases like customer onboarding to powering end-to-end identity risk management, Alloy’s configurable solutions for fraud and compliance risk, dedicated expert guidance, and extensive ecosystem of data partners enable fintechs to future-proof their growth.

This announcement follows the recent news that Flagstone has recorded record growth, including a 46% increase in revenue to £55 million and a 49% rise in Assets under Administration (AuA) in the twelve months to 31 December 2024.

Note to Editors

* Based on number of banks on panel and savings accounts on platform

** UK Finance Annual Fraud Report 2024

About Flagstone

Flagstone is a fintech company located in London that’s recreating how people grow their money. Since 2015, Flagstone’s group assets under administration stand at around £16 billion and it has become the UK’s largest savings platform by the number of banks and savings accounts on its panel.

Flagstone customers can gain access to over 220 savings accounts from 66 of the UK’s leading cash savings providers, from the largest incumbent banks to challengers. Flagstone’s total AUA is currently increasing by more than £1 billion per quarter as more customers look to maximise the interest earning potential while minimising risk.

Originally created as a platform for individual savers to access and maintain multiple cash savings accounts in one single place, today Flagstone provides white-label and API-integrated capabilities for businesses to offer their own customers easy-to-use, adaptable and competitive savings options. Flagstone partners with many of the UK’s leading wealth management firms including St. James’s Place, and powers a range of savings products at financial services providers including Saga and Revolut.

Flagstone Group Ltd is authorised by the Financial Conduct Authority (reference number 605504) under the Payment Service Regulations 2017 for the provision of payment services.

www.flagstoneim.com 

About Alloy

Alloy provides an identity and fraud prevention platform that enables global financial institutions and fintechs to manage identity risk so they can grow with confidence. Over 600 of the world’s largest financial institutions and fintechs turn to Alloy’s end-to-end platform to access actionable intelligence and the broadest network of data sources across the industry, as well as stay ahead of fraud, credit, and compliance risks. Founded in 2015, Alloy is powering the delivery of great financial products to more customers around the world.

https://www.alloy.com/uk 

Media Contact

Kylee Sibilia
kylee@alloy.com

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View original content:https://www.prnewswire.co.uk/news-releases/flagstone-and-alloy-partner-to-offer-uk-savers-a-faster-safer-entry-point-into-competitive-savings-market-302392372.html