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Incode Technologies Recognized as #1 Technology for Age Estimation and Verification in Study by the National Institute of Standards and Technology

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Announced as a leading solution for age estimation and verification at the Global Age Assurance Standards Summit

SAN FRANCISCO, May 30, 2024 /PRNewswire/ — Incode, leader in identity verification technology, has been recognized as the top global solution for age estimation and verification in a study conducted by the National Institute of Standards and Technology (NIST). This recognition was announced at the Global Age Assurance Standards Summit.

Age estimation involves accurately predicting a user’s age based on a picture, and is crucial for applications like protecting minors from online risks and ensuring compliance with age-restricted goods and services.

The NIST study, part of the Face Analysis Technology Evaluation (FATE)*, rigorously tested various age estimation and verification algorithms from leading international companies. This evaluation assessed the effectiveness of AI-driven facial biometric technologies, which can be challenging due to variations in lighting, facial expressions, and demographic factors.

Incode’s age estimation technology demonstrated the highest performance metrics in crucial categories:

Unmatched Accuracy: Incode’s algorithms achieved the lowest mean absolute error (MAE) rates across multiple datasets, specifically for individuals of age group between 6-17 years old. Incode performed exceptionally well in both ‘mugshot’ and ‘application’ image categories, demonstrating the robustness and adaptability of its AI solutions across different scenarios.Demographic Fairness: Incode’s technology delivers unbiased age estimation across diverse demographic groups. The algorithms showed consistent performance regardless of gender and ethnicity, ensuring reliable and fair results for global applications.Robustness in Real-World Conditions: Incode’s solutions maintained high accuracy even under varied image quality conditions. The NIST report highlighted Incode’s consistent performance across different types of images, including those with lower quality such as border crossing photos, showcasing the resilience of its AI algorithms.

Ricardo Amper, CEO of Incode, stated: “Age estimation involves improving the way businesses interact with their users, and more importantly, keeping individuals safe online. This recognition from NIST not only reaffirms our leading position in the age verification market but also reflects our commitment to innovation and excellence. Our technology ensures that businesses can protect young users and comply with regulatory requirements without sacrificing user convenience and privacy.”

Incode’s AI-driven age verification solution offers a user-friendly experience, designed to be frictionless and intuitive – reducing user error, minimizing drop-off rates, and maximizing completion to help businesses retain and acquire more customers. It can be easily customized to fit different use cases across various jurisdictions and industries, with three easy methods to verify a user’s age:

Facial Age Estimation: Quickly estimates age using a live selfie, delivering results in seconds. This method, which was rigorously tested and validated by NIST, underpins Incode’s top ranking in age estimation accuracy.Document Verification: Verifies age through an ID document and a live selfie, ensuring compliance with regulatory requirements. Incode can also apply age estimation on the user’s photo to ensure the age matches the date of birth on the document.Database Verification: Compares user information against official databases, such as credit bureaus and telcos, without requiring the user to present an ID document. Age estimation can also be applied to the user’s photo to verify consistency with the age retrieved from the database.

Incode Technologies continues to innovate in the identity verification space, providing solutions that support a variety of industries, including financial services, online entertainment, social networks, and e-commerce. With over $220 million raised from notable investors like General Atlantic, Softbank, and JP Morgan, Incode is poised for further expansion and impact.

For more details, please visit www.incode.com/use-cases/age-verification.

* FATE is a comprehensive evaluation program that benchmarks the performance of facial recognition and analysis technologies, providing an impartial assessment of their accuracy and reliability.

About Incode
Incode offers an end-to-end identity verification and authentication platform, helping its clients distinguish good users from fraudulent ones, effortlessly. Incode ensures customers’ security and compliance goals are met, so they can focus on their growth objectives. Incode’s fully automated, AI-first platform is built for low friction of genuine users, coupled with instant verification and re-engagement tools that drive conversions. Its multi-layer identity platform combines proprietary AI technology, deterministic identity checks, and advanced deepfake detection to combat the most sophisticated fraud.

With over $220 million raised from investors such as General Atlantic, Softbank, and JP Morgan, Incode’s vision to “power a world of trust” is rapidly gaining global adoption. Based in San Francisco, with offices and operations worldwide, Incode is partnering with the most innovative brands to connect businesses with high-quality, low-risk customers. 

Schedule a demo at www.incode.com/schedule-demo

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SOURCE Incode Technologies

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Experts from SPS North America to share Best Practices at BFSI Conference Expo

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56 mins ago

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September 20, 2024

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Business Process Outsourcing experts from SPS, a leading provider of Technology Business Solutions, will share best practices related to business transformation and process automation at the Digital Transformation in BFSI Conference Expo in New York on September 26, 2024

NEW YORK, Sept. 20, 2024 /PRNewswire-PRWeb/ — Business Process Outsourcing experts from SPS will be on hand to share best practices at the Digital Transformation in BFSI Conference Expo in New York on September 26, 2024. SPS is a leading innovative outsourcing provider of Technology Business Solutions that help companies automate workflows, streamline processes, and elevate the customer experience.

Through our Lean Six-Sigma methodologies, SPS helps our banking, financial services and insurance clients analyze workflows and build solutions that leverage automation to reduce cycle time, improve quality, and enhance compliance measures.

The Digital Transformation in BFSI Conference Expo is a focused event that unites professionals, experts, and stakeholders from the banking, financial services, and insurance sectors. Its purpose is to discuss, demonstrate, and examine digital innovations and their impact. The event offers a valuable platform for knowledge exchange, networking, and collaboration between industry leaders and technology providers.

SPS is a technology-driven partner, specializing in transforming back-office operations and enhancing client-focused services for leading organizations with 45% of its current clients in the BFSI sectors. The organization offers tailored Technology Business Solutions, focusing on Data & Business Process Management and providing custom solutions for the Health and BFSI sectors to address their specific challenges.

“At SPS, we understand that digital transformation is a never-ending process,” stated Pamela Tom, Vice President, Solution Design, SPS North America. “Through our Lean Six-Sigma methodologies, we help our banking, financial services and insurance clients analyze workflows and build solutions that leverage automation to reduce cycle time, improve quality, and enhance compliance measures. We look forward to connecting and sharing best practices with attendees of the BFSI Conference.”

With a global network of delivery centers, SPS stands out as a trusted outsourcing partner, offering flexible processing options for onshore, nearshore, and offshore delivery. The team of SPS experts utilize industry best practices and cutting-edge automation technologies to elevate business processes all within a certified high-security environment that safeguards sensitive data.

Explore how SPS can drive growth by implementing innovative, tech-enabled solutions at http://www.spsglobal.com.

About SPS
SPS is a leading technology-driven business transformation company. Our Technology Business Solutions bring together cutting-edge technology, deep vertical process expertise, and a diverse global workforce to support clients in their digital transformation journey and efficiently tackle their most complex challenges. With our innovative Enterprise Workplace Solutions, we empower organizations to adopt hybrid work programs to enhance productivity and flexibility.

Headquartered in Zurich, Switzerland, SPS operates in more than 20 countries and focuses on clients in banking, insurance and health. SPS has more than 8,500 employees and is recognized with a world-class NPS by its global client base.

We act with precision, connect people to the right information, and turn data into insights for better outcomes.

Discover how our dedicated team at SPS makes an impact that matters by visiting http://www.spsglobal.com.
SPS. The Power of Possibility.

Media Contact

Janet Tarzia, SPS North America, 1-212-204-0900, janet.tarzia@spsglobal.com, https://www.spsglobal.com

View original content to download multimedia:https://www.prweb.com/releases/experts-from-sps-north-america-to-share-best-practices-at-bfsi-conference-expo-302253629.html

SOURCE SPS North America

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INGEEK Recognized in 2024 Gartner Market Guide for Fleet Telematics and 2024 China Hype Cycle for Security

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56 mins ago

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September 20, 2024

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SHANGHAI, Sept. 20, 2024 /PRNewswire/ — INGEEK, a leading provider of innovative intelligent connected vehicle (ICV) technologies, and its Intelligent Connected System (ICS) and Automotive Digital Key have been featured in Gartner’s Market Guide for Fleet Telematics. This recognition highlights INGEEK’s capability to boost efficiency, ensure safety, and enable sustainability in fleet operations and management.

Revolutionizing Fleet Management with INGEEK ICS/Digital Key
INGEEK’s digital key solution establishes connection between the people and vehicle by digitalizing conventional car key into digital twin, which seamlessly integrates with the broader mobility ecosystem and diverse business scenarios.

Business Process Automation with online key sharing, such as contactless pick-up and return.Digital Key Management simplifies key management, reduces administrative overhead, and mitigates the risk of lost or stolen keys.Data Tracking provides insights to fleet performance and health.Enhanced Driver Satisfaction: Convenient features such as proximity lock/unlock provide a seamless driving experience.

Securing Connected Vehicles with INGEEK’s Trust Center for Automotive
Previously, AUGUST 6, INGEEK’s Trust Center was featured in Gartner’s Hype Cycle for Security’s IoT Authentication technology segment. With IoT connections in China projected to reach 8 billion by 2025, robust IoT authentication is critical to protect connected car business-use cases such as V2X communications, OTA, and Digital Key. The Trust Center leverages PKI to ensure top-tier security.

Remarks from Leadership
“We’re proud to be recognized by Gartner, which is the global authority in providing industry technology advisory and insights to executives,” stated Steven Shan, CEO of INGEEK. “Our intelligent vehicle solutions prompt the next wave of smart mobility transformations, and this inclusion is a signal to how OEMs and automotive players are leveraging advanced digitalization technologies to connect the people and vehicle together.”

“Our Trust Center offers robust and scalable authentication mechanisms to safeguard connected vehicles against security threats,” added Feng Li, INGEEK’s Head of Cybersecurity BU.

“Gartner’s Market Guide coincides with our vision for a more connected, secure, and efficient mobility market,” continued William Yuan, Director of Strategy at INGEEK. “Our solutions are not just about technological advancements; they are strategic initiatives aimed at optimizing operations, reducing costs, and ultimately helping fleet operators to expand their mobility business offerings.”

For more information about INGEEK and its solutions, please visit www.ingeek.com
Media Contact: Ms. Fang at jingneng.fang@ingeek.com
Germany Contact: Professor Sachs at hans-ulrich.sachs@hus-online.com
AP/EMEA Contact: Mr. Yuan at guohao.yuan@ingeek.com

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Niutech at the Forefront: U.S.-China Circular Economy Forum Tackles “White Pollution”

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56 mins ago

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September 20, 2024

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BEIJING, Sept. 20, 2024 /PRNewswire/ — On September 6, 2024, the inaugural U.S.-China Circular Economy Cooperation Forum was held in Beijing. The forum, guided by the U.S.-China Climate Action Working Group Circular Economy Task Force, was co-organized by the China Circular Economy Association and the US-China Business Council. The forum brought together approximately 460 distinguished guests from the National Development and Reform Commission of China, the U.S. Department of State, the U.S. Department of Energy, and other government departments, as well as industry experts, business representatives and scientific research institutions of the two countries. As the domestic leader in continuous pyrolysis technology, Niutech was invited to attend the forum and gave an insightful speech on the topic of waste plastic recycling, and the issues of ‘white pollution’ that can result from it.

The forum was strategically designed to advance the goals outlined in the U.S.-China “The Sunnylands Statement on Enhancing Cooperation to Address the Climate Crisis”. It aimed to create a collaborative platform for both countries’ business community, social organizations, and research institutions to foster exchanges and drive tangible cooperation in the circular economy. 

Zhao Chenxin, Deputy Director of the National Development and Reform Commission, John Podesta, Senior Advisor to the U.S. President on International Climate Policy, Liu Zhenmin, China’s Special Envoy for Climate Change Affairs, and Nicholas Burns, U.S. Ambassador to China attended the opening ceremony of the Forum and delivered a speech, and Xie Feng, Chinese Ambassador to the U.S., made a video message. Deputy Director Zhao Chenxin said that addressing climate change is a common cause for all mankind and cannot be separated from the cooperation between the two global forces, China and the United States.

At the forum, as the international expert in continuous pyrolysis technology, the corporate representative of Niutech shared the cases of waste plastic chemical recycling projects deployed with international giants BASF and Quantafuel in Denmark, Thailand and other countries. This technology enables the transformation of low-value, mixed, and contaminated waste plastics into high-quality fuel oil. 

The fuel oil derived from this process can undergo further refining into naphtha, a critical raw material in the production of new plastics. This advanced recycling process not only diverts plastics from landfills and the environment but also contributes to a circular economy by turning waste into a valuable resource.

Photo – https://mma.prnewswire.com/media/2510694/Industrial_Continuous_Waste_Plastics_Pyrolysis_Project_Denmark.jpg

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