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CU*Answers and EDGE Partner to Transform Credit Union Operations with Core and LOS Integrations

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CUSO partners to provide cashflow underwriting technology to credit union community

CHICAGO and GRAND RAPIDS, Mich., Sept. 26, 2024 /PRNewswire-PRWeb/ — EDGE, the leading cash-flow data consumer reporting agency, announced today that it is partnering with CU*Answers, a leading core processing and loan origination system (LOS) for credit unions. This partnership will integrate EDGE’s state-of-the-art cashflow underwriting technology into CU*Answers’ comprehensive core operating system and LOS platform to enhance credit unions’ decision-making capabilities.

EDGE’s innovative cashflow underwriting tools will allow credit unions to make more informed and efficient lending decisions, ultimately improving member care from application to approval and beyond.

CU*Answers CEO Geoff Johnson said, “By integrating with EDGE’s platform, we are providing our clients with innovative tools that harness the power of cashflow underwriting and open banking. This will allow credit unions to make more informed and efficient lending decisions, ultimately improving member care from application to approval and beyond.”

With EDGE’s advanced cashflow analytics, credit unions can now utilize real-time insights on applicants’ ability to pay that go beyond traditional credit reports, including income verification and spending behavior. This integration will streamline credit union operations while improving the accuracy and speed of underwriting processes.

EDGE’s platform unlocks a powerful new source of underwriting data for credit unions, enabling them to automatically verify income and assess ability to pay from their own data as well as accounts with other financial institutions, processes traditionally reliant on manual underwriting review and legacy credit risk methods. By evaluating a more comprehensive financial picture of applicants—from both members’ accounts with the credit union and external accounts—EDGE delivers unmatched insights into creditworthiness and ability to pay.

“The entire EDGE team is excited to join forces with CU*Answers to help credit unions make the most from their own data to better serve members,” said Brian Reshefsky, CEO of EDGE. “Integrating our risk insights and open banking capabilities along with Relationship Attributes™ into CU*Answers will equip credit unions on their platform with solutions for faster, fairer decisions for their members, especially those underserved by traditional credit bureau data.”

About CU*Answers

CU*Answers offers expertise in implementing technical solutions to operational needs, and is a leader in helping credit unions form strategic alliances and partnerships. CU*Answers provides a wide variety of services for credit unions including its flagship CU*BASE® processing system (online and in-house) and Internet development services featuring It’s Me 247 online and mobile banking. Additional services include web development, network design and security, and image check processing. Founded in 1970, CU*Answers is a 100% credit union-owned cooperative CUSO providing services to credit unions representing over 2 million members and $30 billion in credit union assets. For more information, visit www.cuanswers.com.

About EDGE

EDGE helps lenders automate operations and enhance decision-making with cash flow data and risk insights developed with machine learning. As a consumer reporting agency (CRA) built on cash flow data, we unlock a more complete picture of consumers’ financial health in real-time than traditional credit bureaus can provide. EDGE enables lenders to approve applicants overlooked by traditional credit bureaus including such no-hit and thin-file applicants as recent immigrants, young adults, and other unserved or underserved populations. Our risk attributes and EDGE Score™ are the only cash flow risk-assessment tools proven through profitable loan performance at scale. Built by lenders for lenders, they are designed for immediate actionability in consumer credit underwriting decisions.

Media Contact
Media Relations, EDGE, 1 312-205-8996, media@edgescore.com, edgescore.com

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SOURCE EDGE

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PictorLabs and Hamamatsu Photonics announce strategic partnership to explore virtual staining technology

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BRIDGEWATER, N.J., Oct. 3, 2024 /PRNewswire/ — PictorLabs, a leader in AI-powered virtual staining technology, and Hamamatsu Photonics, a renowned provider of whole slide imaging systems, are excited to announce a strategic partnership to develop cutting-edge applications to advance virtual staining in routine laboratory practices.

Innovations with AI and advanced imaging

PictorLabs, a rapidly growing startup spun off from the UCLA Colleges of Engineering and Medicine, has been at the forefront of the digital transformation of histopathology. By leveraging AI-powered algorithms, PictorLabs eliminates the need for toxic reagents while significantly reducing turnaround times when compared to traditional chemical stain results. With PictorLabs technology and the ability to run multiple stains on a single slide, clinicians and researchers will be able to access digitally stained slides in minutes, enabling faster experiments, less tissue consumption, and better-informed insights.

Hamamatsu Corporation is the North American subsidiary of Hamamatsu Photonics K.K. (Japan), a leading manufacturer of devices for the generation and measurement of infrared, visible, and ultraviolet light. Known for its NanoZoomer series of whole slide scanners, Hamamatsu has been a pivotal player in advancing digital pathology. NanoZoomer systems are renowned for their reproducibility and reliability, making them a trusted choice for laboratories worldwide.

The collaboration between PictorLabs and Hamamatsu Photonics aims to explore the growing demand for efficient, scalable digital pathology solutions that can ultimately streamline the workflows and accelerate the adoption of digital pathology at an enterprise scale.

Quotes

“This partnership marks a significant milestone in the digital transformation of pathology,” said Yair Rivenson, CEO, CTO & Co-Founder of PictorLabs. “By combining our AI-powered virtual staining technology with Hamamatsu’s state-of-the-art imaging systems, we are poised to revolutionize the way laboratories approach histopathology.”

“As we look into the future of pathology, we aim to explore areas that not only hold potential but also showcase the innovative spirit of Hamamatsu. We are excited to explore these possibilities with Pictor Labs,” said Earl Hergert, President/CEO at Hamamatsu Corporation.

About Hamamatsu Corporation
Hamamatsu Corporation is the North American subsidiary of Hamamatsu Photonics K.K. (Japan), a leading manufacturer of devices for the generation and measurement of infrared, visible, and ultraviolet light. These devices include photodiodes, silicon photomultipliers, photomultiplier tubes, scientific light sources, infrared detectors, image sensors, spectrometers, cameras, and whole slide imaging systems. The parent company is dedicated to the advancement of photonics through extensive research. This corporate philosophy results in state-of-the-art products which are used throughout the world in scientific, industrial, and commercial applications. For more information, visit www.hamamatsu.com.

About Pictor Labs

PictorLabs is a software company that is transforming the practice of histopathology with AI-powered virtual staining. Based in Los Angeles and spun off from the UCLA Colleges of Engineering and Medicine, PictorLabs is a venture-backed startup leading the digital transformation of histological staining. By delivering digitally stained slides in minutes, PictorLabs will enable faster results with better insights for research, pharma, and clinical applications, ultimately improving histopathology operations and outcomes. For more information about PictorLabs and its AI-powered virtual staining technology, please visit www.pictorlabs.ai.

Information furnished by Hamamatsu Corporation is believed to be reliable. However, no responsibility is assumed for possible inaccuracies or omissions. Specifications are subject to change without notice.

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SOURCE Hamamatsu Corporation

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FATE Unveils Pitch Stage Finalists–Get Ready for a Tech Showdown in Finance & Accounting!

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The Finance & Accounting Tech Expo (FATE) is gearing up for the ultimate Pitch Stage competition, set to take center stage at the largest finance and accounting tech event of its kind, happening October 29-30 at the Javits Center in New York.

NEW YORK, Oct. 3, 2024 /PRNewswire-PRWeb/ — Brace yourselves, finance and accounting visionaries! The spotlight will be on entrepreneurs and tech innovators as they pitch their groundbreaking business concepts and product ideas in the highly anticipated Pitch Stage competition to be held inside the Finance & Accounting Technology Expo on October 29-30 at New York’s Javits Center. The stakes are high, with prestigious awards and cash prizes on the line as these disruptors in finance tech showcase their game-changing concepts.

“Finance & Accounting Tech Expo has become the most important event in the U.S., bringing together buyers and sellers of new technology in finance and accounting. With the advent of A.I. impacting finance, this exposition could not be timelier,”- RD Whitney COO of CFOLC

Twenty innovative startups have been selected as Pitch Stage finalists by a steering committee of finance executives and practitioners. These trailblazers will take the stage to compete in four distinct solution categories and prove why their innovation is set to revolutionize the world of finance and accounting.

More than 1,700 finance leaders have already signed up for this must-attend event, featuring 70+ tech exhibitors pushing the boundaries of what’s possible in the industry. “The Finance & Tech Expo is the ideal setting to bring together top startups to showcase their breakthroughs and pitch their innovations to venture capitalists and angel investors as well as to potential customers—CFOs and other finance pros,” said RD Whitney, Chief Operating Officer, the CFO Leadership Council, producer of the FATE Expo.

Here’s a sneak peek at the finalists ready to make their mark at FATE:

Accounting, Financial Planning & Compliance

Avise

MasRefund

MRGN

Praxi

Predictnow.ai

Cash Flows (AP/AR) & Payments

Fazeshift

Insightful Revenue

Moneiva

Opstream

Paperplane

Data Management & Security

Change Captain

Ecoclaim Solutions

Polygraf AI

Preql

Safebooks

People & Productivity Tools

Bakstage.AI

Flowlie

Sparc

StartADAM

WorkScore.ai

In addition to providing a platform for startups and founders to generate interest from investors, partners and early adopters, professional coaches will help them improve their pitching skills and gain insights into market expectations. When Pitch Stage participants are not on stage, they will be in the FATE Startup Pavilion networking one-on-one with attendees.

Sage, a global leader in accounting, financial, HR, and payroll technology for SMEs, proudly serves as the Innovation Sponsor of the Pitch Stage. Joining them as esteemed affiliates are Nasdaq, Caliber, York IE and The Financial Revolutionist.

FATE immerses accounting and finance professionals in the latest technology and ideas transforming business. The two-day event is packed with interactive learning theater sessions, hands-on product demos and keynote presentations.

“Finance & Accounting Tech Expo has become the most important event in the U.S., bringing together buyers and sellers of new technology in finance and accounting. With the advent of A.I. impacting finance, this exposition could not be timelier,” said Whitney.

Finance & Accounting Tech Expo (FATE)

Event Details: October 29-30 | Jacob Javits Convention Center, NYC

Secure your seat today! (Prices Increase October 15th)

Finance & Accounting Technology Expo (FATE) is produced by Chief Executive companies the CFO Leadership Council and Strategic CFO360. Known for their engagement with the C-suite (CEOs, Board Members and CFOs), Chief Executive Group engages with over 300,000 senior executives through peer networks and research surveys.

About The CFO Leadership Council:

The CFO Leadership Council empowers senior financial executives through a collaborative and energetic community. Driven “for CFOs, by CFOs,” it helps members build professional networks, discuss critical issues, and gain practical insights on business and leadership. Owned by Chief Executive Group, it includes multiple chapters across the U.S. and Canada with over 2,500 members. CFO Leadership Council

About Strategic CFO360:

StrategicCFO360 is the leading media platform reaching 140,000+ CFOs and senior finance executives who run large and mid-sized enterprises in North America. StrategicCFO360

Media Contact

RD Whitney, The CFO Leadership Council, 1 603.440.9332, RD@cfolc.com, https://cfoleadershipcouncil.com/

Twitter, LinkedIn

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SOURCE The CFO Leadership Council

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3Laws Secures $4.1M in Seed Funding to Enable Safe Unsupervised Robot Operation in Dynamic Environments

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Round Led by TenOneTen with participation from the Amazon Industrial Innovation Fund

PASADENA, Calif., Oct. 3, 2024 /PRNewswire/ — 3Laws, a leader in dynamic safety solutions for autonomous systems, has secured $4.1M in seed funding.

The round is led by TenOneTen, with participation from the Amazon Industrial Innovation Fund. All pre-seed investors have chosen to maintain or increase their ownership in this round.

“It’s a fantastic vote of confidence that all of our previous investors decided to reinvest without hesitation,” said Dr. Andrew Singletary, 3Laws Co-Founder and CEO. “We’ve made significant advances over the past decade, and yet most machines are still not operating autonomously. Up until now, there was no universal way of making a system safe and efficient and it’s incredibly challenging for autonomous systems to react safely to changes in real-time without bringing the system to a halt. 3Laws brings real-time guardrails to supervise AI-driven machines operating alongside people in dynamic environments. It’s a technological leap that allows both safety and system performance.”

3Laws’ technology was originally developed at Caltech, driven by over a decade of research and development in robotics, control theory, and computer vision. This development effort was supported and facilitated by deep collaborations with industry leaders. The technology was deployed with these partners in a variety of hardware and operational settings, including drones, articulated robot arms, quadrupeds, and ground vehicles.

Today, 3Laws has developed dynamic safety software that can be deployed universally on any autonomous system utilizing existing sensors. The company’s core product, Supervisor, is flexible, scalable, and can integrate into existing autonomy stacks without requiring modifications to the underlying structure. Supervisor monitors signals from the existing autonomy software and modulates them, where necessary, to ensure dynamic safety in a deterministic and describable fashion. For development engineers, Supervisor removes corner cases and shortens development time. For operations managers, Supervisor ensures greater efficiency, improved reliability, and reduced risks. The end result is a system users can trust and deploy confidently.

“This funding gives us the fuel we need to make our technology more widely accessible and scale up our delivery to many more customers that urgently need it,” said Singletary. “We are raising the bar for what an autonomous system can safely do and setting new industry standards.”

“At Amazon, safety is our number one priority, and we believe that 3Laws’ software can help support the safety of a variety of automation systems deployed at Amazon,” said Franziska Bossart, head of the Amazon Industrial Innovation Fund. “We are excited to support the 3Laws team as they build software that has the potential to accelerate collaborative robotics and autonomous systems.”

Gil Elbaz, partner at TenOneTen, explained why they are excited to lead the investment in 3Laws: “Ever since I created the technology behind Google’s AdSense, I’ve been a big believer that it is possible to deliver extraordinary value only at distinct inflection points. 3Laws is positioned at this critical juncture because of their innovative approach to intelligent safety solutions for autonomous systems. The company has created the kind of breakthrough we look for at TenOneTen. We’re excited to see what the brilliant 3Laws team will create!”

Resources

Visit our product page for a comprehensive run-down of what we offer our users.Visit our blog for a range of technical and conceptual explorations of topics in robotics and automation.

About 3Laws Robotics

3Laws Robotics delivers intelligent controls solutions that enhance safety and reliability for automated and remotely operated systems. 3Laws was founded by world-class experts in safety-critical control, including founder and Caltech Professor Aaron Ames, Dr. Andrew Singletary (CEO), and Dr. Thomas Gurriet (CTO). The founding team invented control-barrier functions (the 3Laws core technology) and has been improving the technology for over a decade. Our technical team boasts a combined 50+ years of experience developing and implementing advanced autonomous technologies.

3Laws AI Supervisor software provides safety and performance optimization for a variety of robotic systems including industrial manipulators, intelligent boats, racing drones, and mobile robots. 3Laws is dedicated to delivering reliable and affordable solutions for high-performance robotic development with a rigorous and easy-to-integrate safety framework.

Logo – https://mma.prnewswire.com/media/2522604/3Laws_Robotics.jpg

View original content to download multimedia:https://www.prnewswire.com/news-releases/3laws-secures-4-1m-in-seed-funding-to-enable-safe-unsupervised-robot-operation-in-dynamic-environments-302266960.html

SOURCE 3Laws

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