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Sumsub and Finastra Partner to Strengthen Banking Industry Compliance

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Sumsub secures long-term partnership with Finastra, jointly enabling banking clients to adopt Sumsub’s compliance and anti-fraud solutions

LONDON, June 19, 2024 /PRNewswire/ — Sumsub, a global full-cycle verification platform, is partnering with Finastra, a global provider of financial software applications and marketplaces, to support financial institutions worldwide with their compliance processes. Finastra and Sumsub will collaborate on mutual projects, offering Sumsub’s full compliance suite of verification and anti-fraud solutions to the banking market.

The banking sector faces increasingly stringent regulatory requirements, adding pressure to replace home-built systems with specialised, standardised platforms. Finastra will offer Sumsub’s Know-Your-Customer (KYC), Know-Your-Business (KYB), fraud prevention, and ongoing transaction monitoring capabilities to its client base of 8,500 financial institutions around the globe.

Sumsub will enable banks to onboard new users swiftly, perform anti-money laundering (AML) screening on customers, verify business clients, and monitor for fraud and suspicious transactions with the option to adopt and manage all features through a single platform.

In addition to helping financial institutions comply with sector-wide regulations, the partnership helps banks uphold their reputation, safeguard against security issues and reduce operational inefficiencies. The collaboration streamlines customer onboarding processes for banks, ensuring efficiency, while Sumsub’s solutions mitigate potential fraud expenses that might hinder their financial performance.

“Market requirements and compliance expectations across the financial sector are continually changing. In light of this, banks cannot meet these on their own – they need help from specialists,” said Achim Thienel, Managing Director Germany & Product Director at Finastra. “We are pleased to partner with Sumsub, following a rigorous due diligence process. In addition to providing technology, we always aim to be trusted consultants to our clients. We remain committed to referring best-in-class solutions that meet their unique requirements.”

“As a worrying amount of fraud occurs beyond the initial onboarding stage, it is crucial firms have the capabilities to secure the whole customer journey with ongoing fraud prevention tools, beyond the user onboarding process. By partnering with Finastra we make this need a reality, helping financial institutions strengthen their verification and anti-fraud processes,” said Martin ten Houten, VP of Business Development, Europe at Sumsub. “We will continue to support financial institutions by maintaining stakeholder satisfaction and protecting end users from illicit actors, all while helping banks avoid the reputational damage associated with issues such as inadequate customer screening or fraud exposure.”

About Sumsub
Sumsub is a full-cycle verification platform that secures the whole user journey. With Sumsub’s customizable KYC, KYB, Transaction Monitoring and Fraud Prevention solutions, you can orchestrate your verification process, welcome more customers worldwide, meet compliance requirements, reduce costs, and protect your business.

Sumsub has over 2,000 clients across the fintech, crypto, transportation, trading, e-commerce and gaming industries including Bitpanda, Wirex, Avis, Bybit, Huobi, Kaizen Gaming, and TransferGo.

About Finastra
Finastra is a global provider of financial software applications and marketplaces. It serves institutions of all sizes, providing award-winning software solutions and services across Lending, Payments, Treasury & Capital Markets and Universal Banking (Retail, Digital and Commercial Banking) for banks to support direct banking relationships and grow through indirect channels, such as embedded finance and Banking as a Service. Its pioneering approach and commitment to open finance and collaboration is why it is trusted by over 8,000 institutions, including 45 of the world’s top 50 banks. For more information, visit finastra.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/sumsub-and-finastra-partner-to-strengthen-banking-industry-compliance-302176066.html

SOURCE Sumsub

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Powerful new features confirm VideoPress as the leader in media processing

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VideoPress, the company’s flagship product, continues to set new industry standards with its expanded analysis capabilities. Unlike traditional metadata-driven solutions, VideoPress performs comprehensive baseband video material analysis, automatically creating source analysis data, determining optimal processing paths and correcting common video issues. These new features create a product that can be used for QC to gain insight into the state of any size library of media assets.

DENVER, April 6, 2025 /PRNewswire-PRWeb/ — Bitpress, a pioneering leader in media automation, today announced groundbreaking product updates designed to transform media asset quality control workflows through intelligent automation and cloud-scale processing.

“Our mission is to revolutionize post-production through intelligent automation,” said Julia Jones, Founding Partner. “The new features in VideoPress demonstrate our commitment to saving time, reducing costs, and elevating content quality across all platforms.”

VideoPress, the company’s flagship product, continues to set new industry standards with its expanded analysis capabilities. Unlike traditional metadata-driven solutions, VideoPress performs comprehensive baseband video material analysis, automatically creating source analysis data, determining optimal processing paths and correcting common video issues. These new features create a product that can be used for QC to gain insight into the state of any size library of media assets.

Key features of VideoPress include:

Automatic content event logging (Program Start/End, Ad Breaks, Slates, Bumpers, Production Cards, Bars and Tone)AWS-powered processing, completing hundreds of jobs per hourAdvanced picture fidelity improvement techniquesOptimum ad break placement

Breakthrough Product Enhancements

Content Matching Library

A revolutionary feature that uses advanced machine learning to Identify bumpers, production cards and animated logos automatically and mark precise cue points for later removal or replacement.

Custom Edit Outputs

Create separate P2P, textless elements or promo file deliveries from a single source. Automated head and tail trim is a quick and efficient way to create custom distribution from a mezz file without requiring an intermediary transcode.

Media Insight tools

Accurate audio waveform timeline embedded with cue point milestone markers. Snapshot of media analysis information highlighting important elements such as ; sound fields, aspect ratio, channel layout. Detailed source analysis reporting, providing a comprehensive view into the exact specifications of your media assets, including cue points, frame rate, aspect ratio, ad breaks, resolution, and other detailed technical metadata.

Customized Post-Processing with DLS

Create bespoke scripts to support unique workflow requirements and provide unprecedented flexibility in content management.

Enhanced Reporting Capabilities

Batch job details include bulk download and comprehensive job reports with expanded metadata. Asset metadata reports detail technical metadata extraction for multiple assets.

Advanced Bars & Tone Detection

An adaptive learning process calibrated to handle diverse frequency variations and transmission feed complexities.

More about VideoPress:

VideoPress transforms video analysis and normalization for optimal quality media assets ready for digital distribution. It is part of a suite of products that automate the process of creating digital masters. VideoPress uses advanced content event detection and precise audio normalization to ensure consistent and high-quality outputs. The data generated is useful in analyzing large library assets. It is the fastest and most inexpensive way to ready media content for digital monetization.

About Bitpress

Bitpress has a singular mission: To revolutionize post production with automation tools that quickly and seamlessly transform content libraries into distribution-ready assets for any platform. Our automated workflows not only save significant time and money, but also elevate quality standards. Harnessing the power of intelligent automation, machine learning, and massive cloud scale, our cutting-edge workflows enable rapid and efficient monetization of content. Our clients use our tools to rapidly monetize their content by automating traditionally laborious processes. We understand the challenge and cost of manipulating media and have a history of innovation through automation for the largest and most respected post production and media companies in the world. We’ve authored many patents and engineered workflows for every major studio and the largest streaming service providers.

Media Contact

Julia Jones, Bitpress, 1 310-795-2912, jjones@bitpress.com, www.bitpress.com

LinkedIn

View original content to download multimedia:https://www.prweb.com/releases/powerful-new-features-confirm-videopress-as-the-leader-in-media-processing-302420545.html

SOURCE Bitpress

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Real-World STEM Learning: Students Engage with Their Schools’ Energy Data in Cufflink Quizzes

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Mountain Vector Energy launches Cufflink Quizzes, an interactive STEM tool that lets students explore real-time energy, water, and air quality data from their own schools. By using the same platform as facilities teams, students gain hands-on experience with data literacy, resource management, and future STEM careers.

ALBUQUERQUE, N.M., April 6, 2025 /PRNewswire-PRWeb/ — Mountain Vector Energy is excited to announce Cufflink Quizzes, a new interactive STEM experience that allows students to engage directly with their schools’ energy, water, air quality, and renewable system performance.

“By increasing accessibility to modern software tools, we hope to inspire careers in energy and water management. This is a new path to engage our future plumbers, electricians, building automation specialists, and HVAC technicians.”

For the first time, students can step into the role of an energy manager, using the same platform their facilities directors rely on—filtering graphs, running reports, and answering quiz questions that build data literacy and critical thinking skills. By making energy data accessible, Cufflink Quizzes help students connect classroom learning to real-world STEM applications and future career paths.

From Data to Discovery

With real-time data at their fingertips, students hone critical thinking skills, uncover insights, and experience the power of data-driven decision-making—just like STEM professionals. As they analyze meaningful data, they see firsthand how energy optimization and strategic choices directly impact their schools’ learning environments.

✔ Ready-to-Go Learning – Designed to assist busy teachers, the quizzes function as stand-alone assignments in a web-based platform, allowing easy access in the classroom with no extra prep required. Quizzes are available for elementary, middle school, high school, and college-level students.

✔ Hands-On STEM Experience – Students interact with live data, analyzing energy trends and seeing firsthand how energy management works in their own school.

✔ Appreciation for School Leadership – Students gain insight into the critical roles of facilities directors and school district leaders, learning how resource management affects their learning experience.

✔ Career Exploration – Students discover how professionals in data science, engineering, licensed trades, and operations drive meaningful change. By interacting with their schools’ data, they gain insight into the impact of STEM careers and leadership roles, inspiring them to explore future pathways in these fields.

By gaining a deeper understanding of resource management, students will begin to see the world around them in a new way—recognizing the impact of STEM in their daily lives.

“With Cufflink Quizzes, we’re giving students an inside look at how data drives outcome-based learning in the real world,” says Steve Kiziuk, CEO of Mountain Vector Energy. “By increasing accessibility to modern software tools, we hope to inspire careers in energy and water management. This is a new path to engage our future plumbers, electricians, building automation specialists, and HVAC technicians.”

Supporting STEM Education

For over a decade, Mountain Vector Energy has been dedicated to advancing STEM education by empowering students to become data-driven problem solvers and future STEM leaders. Through the Cufflink platform, students take an active role in managing their schools’ energy use—analyzing real-time data and making informed decisions.

Cufflink Quizzes build on this initiative by offering self-guided learning experiences for students nationwide. These interactive modules bring real-world applications into the classroom, allowing students to see, measure, and engage with energy data in a dynamic digital environment.

Now Available – Live Demo at CGCS Conference in Charlotte

Cufflink Quizzes are available to all schools using the Cufflink platform for their energy management. This launch coincides with the Council of the Great City Schools Conference for Chief Operating Officers, Directors of Facilities, Child Nutrition, Safety & Security, and Transportation in Charlotte, NC (April 8-11, 2025).

About Mountain Vector Energy

Mountain Vector Energy is a leader in energy and water optimization, enabling organizations to cut costs, streamline operations, and meet ambitious sustainability goals. Through their patented energy management system, Cufflink, they provide the cutting-edge tools organizations need to navigate complex energy landscapes with confidence. Mountain Vector Energy is dedicated to helping organizations use their data to achieve real, measurable results. For more information, visit mountainvector.com

For a hands-on demonstration, visit Mountain Vector Energy’s booth at CGCS or contact:

Yovanna Araujo

505-549-7680

yovanna@mountainvector.com

View original content to download multimedia:https://www.prweb.com/releases/real-world-stem-learning-students-engage-with-their-schools-energy-data-in-cufflink-quizzes-302420602.html

SOURCE Mountain Vector Energy

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European Patent Office reports Innovation remains robust amid global economic uncertainties: Patent Index 2024

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NEW YORK, April 6, 2025 /PRNewswire/ — Companies and inventors from around the world filed 199,264 patent applications at the European Patent Office (EPO) last year, according to the Patent Index 2024 published today. The high level of patenting activity was on a par with the previous year (2023: 199 452, -0.1%), following three years of significant growth. Patent applications from Europe, including all 39 EPO member states, rose by 0.3%, while those from outside Europe fell slightly (-0.4%).

“Despite political and economic uncertainties, European companies and inventors filed more patents last year, underlining their technological prowess and their continued investment in R&D,” said EPO President António Campinos. “The EPO’s patent data is a clear roadmap for industry, policy, and investment priorities. As the Draghi and Letta reports warn, to stay competitive globally, Europe must enhance its innovation ecosystem and do more to help inventors scale up and commercialise their inventions, especially in critical areas such as green technologies, AI and semiconductors.”

Computer technology takes the lead

Computer technology, which includes areas of AI such as machine learning and pattern recognition, led for the first time, with 16,815 patent applications in 2024. Electrical machinery, apparatus, energy posted the strongest growth last year (+8.9% on 2023), driven by advances in clean energy technologies, particularly battery innovation (+24.0%).

Global  trends

The United States maintained its position as the top country of origin for European patent applications, followed by Germany, Japan, China, and the Republic of Korea. EPO member states accounted for 43% of filings, while 57% came from outside Europe (see graph Origin of applications). Notably, R. Korea saw the strongest growth (+4.2%), China saw a 0.5% increase, while companies and inventors from the US (-0.8%) and Japan (-2.4%) filed fewer applications.

Diverse sources of innovation: Large companies are major contributors

Samsung was the new top applicant at the EPO in 2024 (having last topped the ranking in 2020), Huawei dropped to second, followed by LG, Qualcomm and RTX. The top 10 includes four companies from Europe, two from R. Korea, two from the US, and one from each of China and Japan.

Small companies use patent system to drive innovation

In 2024, 22% of patent applications to the EPO from Europe came from individual inventors or SMEs (companies with fewer than 250 employees), with another 7% from universities and public research organisations (see graph Breakdown of applicants by category). This highlights the patent system’s appeal to smaller entities, further strengthened by the EPO’s April 2024 fee reductions for micro-enterprises, individuals, non-profits, universities, and research institutions. 

One in four patent applications includes a woman inventor

In 2024, 25% of all patent applications to the EPO coming from Europe named at least one woman as an inventor. Among major filing countries (over 2,000 applications), Spain led with 42%, followed by Belgium (32%) and France (31%).

View original content:https://www.prnewswire.com/news-releases/european-patent-office-reports-innovation-remains-robust-amid-global-economic-uncertainties-patent-index-2024-302421070.html

SOURCE European Patent Office (EPO)

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