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Weekly Recap: 11 Finance Press Releases You Might Have Missed

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A roundup of the most newsworthy financial press releases from PR Newswire this week, including the US Consumer Confidence Index, ADP’s new Global HR Platform and the California Housing Market Forecast.

NEW YORK, Sept. 27, 2024 /PRNewswire/ — With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

US Consumer Confidence Fell in September
“September’s decline was the largest since August 2021 and all five components of the Index deteriorated. Consumers’ assessments of current business conditions turned negative while views of the current labor market situation softened further. Consumers were also more pessimistic about future labor market conditions and less positive about future business conditions and future income,” said Dana M. Peterson, Chief Economist at The Conference Board. Launch of the Taskforce on Inequality and Social-related Financial Disclosures (TISFD)
The Taskforce will develop a global framework for companies and financial institutions to include within their public reports more effective disclosures about impacts, dependencies, risks, and opportunities related to social issues, including inequality.ADP Unveils Lyric: The Flexible, Intelligent and Human-Centric Global HR Platform
The platform is designed to meet the evolving needs of the modern workforce through global HR, payroll and service. By combining flexibility, intelligence and human-centric design, Lyric provides a ground-breaking solution that enhances employee experience on a global scale.BofA to Open More Than 165 Financial Centers by End of 2026 With more than 95% of client interactions taking place on the bank’s digital platform, Bank of America has adapted its financial centers to focus on meeting spaces where clients can have in-depth conversations about their finances. In the past year, clients have made nearly 10 million appointments with financial specialists in financial centers. First Pacific Bank expands its instant payments offerings with Finastra, driving growth Payments To Go offers seamless connectivity to other software providers, fintechs, and financial institutions, giving banks the flexibility needed to deploy modern and agile payment solutions quickly and efficiently. The cloud-based, SaaS payments hub solution will help the bank to deliver FedNow send and receive services 24/7, support ISO 20022 compliance, and enable its projected growth.14 Major Global Banks and Financial Institutions Express Their Support for Effort to Triple Nuclear Energy by 2050 On the sidelines of Climate Week in New York City, major banks, government representatives and industry executives recognized the role that nuclear energy can play in the global energy transition. Improving access to financing can help unlock nuclear energy’s potential for significant decarbonization for zero-emission power and heat.Compa and Syndio Partner to Improve How Businesses Navigate the Pay Transparency Era This partnership brings together Compa’s precise, continuously refreshed market insights with Syndio’s expertise in establishing and maintaining consistent and equitable pay practices. The result is a powerful solution that enables companies to set pay that is consistent, fair, and explainable.PayPal Enables Business Accounts to Buy, Hold and Sell Cryptocurrency “Since we launched the ability for PayPal and Venmo consumers to buy, sell, and hold cryptocurrency in their wallets, we have learned a lot about how they want to use their cryptocurrency,” said Jose Fernandez da Ponte, Senior Vice President of Blockchain, Cryptocurrency, and Digital Currencies, PayPal. “Business owners have increasingly expressed a desire for the same cryptocurrency capabilities available to consumers.C.A.R. releases its 2025 California Housing Market Forecast California home sales and price are projected to increase as buyers and sellers return to the market. A more favorable interest rate environment that will loosen up the “lock-in” effect and improve housing inventory will encourage buyers and sellers to return to the market to boost both home sales and prices next year.Despite 2024 Economic Fluctuations, New Tock Data Reveals Strong Enthusiasm for Dining Out During the Upcoming Holiday Season The holiday season is bringing a wave of excitement among diners, with 68% of respondents planning to celebrate at restaurants or bars. “With an up-and-down economic environment characterizing most of 2024, restaurateurs should be planning now in order to embrace consumers’ desires to splurge at hospitality establishments around the holidays,” says Matthew Tucker, Head of Tock.Market for AI products and services could reach up to $990 billion by 2027, finds Bain & Company’s 5th annual Global Technology Report Three areas of opportunities – bigger models and larger data centers, enterprise and sovereign AI initiatives, and software efficiency and capabilities – could enable the AI hardware and software market to come close to a trillion-dollar industry in the next three years.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

About PR Newswire

PR Newswire is the industry’s leading press release distribution partner with an unparalleled global reach of more than 440,000 newsrooms, websites, direct feeds, journalists and influencers and is available in more than 170 countries and 40 languages. From our award-winning Content Services offerings, integrated media newsroom and microsite products, Investor Relations suite of services, paid placement and social sharing tools, PR Newswire has a comprehensive catalog of solutions to solve the modern-day challenges PR and communications teams face. For 70 years, PR Newswire has been the preferred destination for brands to share their most important news stories across the world.

For questions, contact the team at media.relations@cision.com.

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Cien’s AI GTM Analytics Platform Launches on Microsoft Azure Marketplace

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Cien.ai, a leading Go-To-Market AI Analytics platform, is thrilled to announce the launch of its GTM Suite on Microsoft’s Azure Marketplace

DALLAS, Sept. 27, 2024 /PRNewswire-PRWeb/ — Cien.ai, a leading Go-To-Market AI Analytics platform, is thrilled to announce the launch of its GTM Suite on Microsoft’s Azure Marketplace. This solution represents a significant advancement in AI-driven analytics, designed to help businesses unlock deeper insights, drive smarter decisions, and accelerate growth.

“We are excited to bring our cutting-edge Sales & Marketing analytics solution to the Microsoft Azure Marketplace,” said Rob Kall, CEO at Cien

GTM Suite from Cien.ai is a cloud-based data analytics platform that helps enterprises analyze their CRM data to quickly identify and unlock missed revenue opportunities. By integrating seamlessly with Azure’s robust cloud infrastructure, Cien’s offering ensures that businesses of all sizes can harness the power of their data with ease and efficiency.

Key Features:

Cleans and standardizes messy CRM dataFull Go-To-Market productivity analysisAI-Powered propensity models tuned to your dataReal-time monitoring of pipeline creationActionable insights in 5-7 business days

“We are excited to bring our cutting-edge Sales & Marketing analytics solution to the Microsoft Azure Marketplace,” said Rob Kall, CEO at Cien. “This launch marks a significant milestone in our mission to make our platform more accessible. Many of our partners and clients are consultancies and PE firms with existing Microsoft relationships. Adding GTM Suite to their Analytics Stack is now as easy as a click of a button!”

About Cien:

Cien.ai, founded in 2016, helps you analyze and transform B2B Go-To-Market teams faster, deeper, and more cost-efficient than ever before. Cien.ai delivers platform and data products that do not require complicated rollouts. They work even when your CRM data and other sources are imperfect, and can run in your cloud infra, so it fits your overall AI and data strategy. The company offers tailored solutions for Management Consultants, Private Equity, Financial Services, and other B2B Enterprise companies. For more information visit www.cien.ai

About Microsoft Azure Marketplace

The Microsoft Azure Marketplace is a comprehensive platform that offers a wide range of applications and services tailored for businesses of all sizes. With thousands of solutions available, organizations can quickly find and deploy the tools they need to improve productivity, enhance security, and streamline their operations.

Media Contact

Rob Kall, Cien, Inc., 1 (305) 496-4404, rob.kall@cien.ai, www.cien.ai

View original content:https://www.prweb.com/releases/ciens-ai-gtm-analytics-platform-launches-on-microsoft-azure-marketplace-302259580.html

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Quantum Computing and AI Providing Boosts to Both Data and Physical Security

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USA News Group Commentary
Issued on behalf of Scope AI Corp.

VANCOUVER, BC, Sept. 27, 2024 /PRNewswire/ — USA News Group – While the world is already witnessing a revolution in artificial intelligence (AI) tools, how tech is applied to our security is about to change. With the rise of upcoming quantum computing power, cybersecurity leaders in the USA are hard at work studying the systems and technology that can withstand the oncoming wave potential new threats to data security. The National Institute of Standards and Technology (NIST) recently published the world’s first three official post-quantum cryptographic algorithms and tools designed to protect against future attacks. Meanwhile, in the wake of the 2024 Olympic Games, AI also had an impact on event security. Several tech developers are currently working on AI-powered security for the future, with recent developments coming from Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF), Rigetti Computing, Inc. (NASDAQ: RGTI), Samsara Inc. (NYSE: IOT), Evolv Technologies Holdings, Inc. (NASDAQ: EVLV),and Credo Technology Group Holding Ltd. (NASDAQ: CRDO).

Reflecting a strategic evolution beyond AI into a broader spectrum of cutting-edge technologies, Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF) recently announced its name change, moving on from its former Scope AI moniker. The name change came swiftly from the company’s recent closing of its quantum security technology acquisition, the QSE Quantum Gateway.

“Our new name better reflects the company’s evolution,” said James Young, CEO of Scope Technologies. “While AI remains a core part of our business, we are now a broader technologies company, actively developing innovative solutions in data security, quantum security and AI neural networks. This rebranding aligns with our mission to provide advanced technological solutions that meet the growing demands of businesses across multiple industries.”

Now in its ongoing drive for innovation, Scope Technologies is upgrading the QSE platform by integrating its proprietary AI neural networks and advanced visual recognition capabilities. Recently Scope announced improved QSE scalability and speed. These enhancements will significantly boost the platform’s ability to identify potential threats and secure data with greater speed and precision, solidifying Scope Technologies’ position as a frontrunner in the quantum security industry.

Another tech developer working to improve quantum computing capabilities is Rigetti Computing, Inc. (NASDAQ: RGTI, RGTIW), a pioneer in full-stack quantum-classical computing, which recently introduced a novel chip fabrication process for scalable, high performing quantum processing units (QPUs), dubbed Alternating-Bias Assisted Annealing (ABAA). The new process was detailed in a paper recently published in Nature Communications Materials. According to Rigetti, ABAA allows for more precise qubit frequency targeting, enabling improved execution of 2-qubit gates and improvement in performance, which both contribute to higher fidelity. Rigetti is already leveraging this technique to fabricate chips for its QPUs, including the NoveraTM QPU, and the upcoming AnkaaTM-3 system.

“We’ve long known that having our own foundry is a tremendous asset to our chip design and fabrication processes,” said Dr. Subodh Kulkarni, CEO of Rigetti. “Introducing the ABAA technique is a perfect example of our ability to rapidly test and implement new methods to improve our capabilities. We believe this new technique strengthens our path to scaling to even higher qubit count systems with greater control over our qubit performance.”

AI and tech innovation is not only improving data security, but physical security as well.

For example, cloud-connected operations experts Samsara Inc. (NYSE: IOT) recently announced it had vastly improved the safety of fleet operations by implementing advanced AI solutions for Lanes Group (the UK’s largest provider of wastewater solutions). As per the release, Lanes Group saw its safety scores improved by 72% and a boost in driver engagement, after eight months with Samsara.

“The number one priority for our customers is getting their drivers home safe at night, and at Samsara, we’re committed to helping them achieve that goal,” said Philip van der Wilt, SVP and GM EMEA at Samsara. “With Lanes Group providing vital services up and down the UK, having full visibility of its fleet has been key to transforming its day-to-day operations. But, our approach doesn’t just provide better visibility into safety—it enables behavioural and cultural change that ultimately saves lives.”

Also in Europe, AI-based screening security technology company Evolv Technologies Holdings, Inc. (NASDAQ: EVLV) recently announced how it helped to protect European events this summer. In particular, Evolv served as a security screening provider for one of the world’s largest global sporting competitions that took place in Europe, screening over five million people, including 10,000 competing athletes, fans and media.

Prior to the announcement, Evolv was awarded a patent issued by the United States Patent and Trademark Office (USPTO) that covers the differentiating technology used in its flagship Evolv Express offering. Launched in 2019, Evolv Express leverages cutting-edge sensor technology and artificial intelligence to accurately identify and differentiate various potential threats from everyday objects like phones and keys. Its primary goal is to efficiently screen visitors while minimizing entry point delays and maintaining smooth traffic flow.

“The technology covered by this patent is foundational to Evolv Express and what we believe sets us apart from other weapons detection systems,” said Michael Ellenbogen, co-founder and chief innovation officer at Evolv Technology. “The patent reminds us how important innovation is to drive advancement in the physical security industry, which, until Evolv Express, had remained relatively unchanged over the past 100 years.”

Helping for better connection and speed for data transfers, Credo Technology Group Holding Ltd. (NASDAQ: CRDO) is set to showcase its optical solutions at the upcoming 25th China Intenrational Optoelectronic Exposition (CIOE). Credo is an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements throughout the data infrastructure market.

“Credo is excited to showcase our latest 400G and 800G optical DSP innovations for AI networking, where we can connect with our customers from around the globe,” said Chris Collins, Associate Vice President of Marketing for Credo. “CIOE is renowned for bringing together the best and brightest in the optoelectronics industry, and I look forward to meeting with our customers to align our cutting-edge solutions with their evolving needs.”

Credo is also coming off releasing positive Q2 FY2025 financial results, that included revenue of $59.7 million, representing a growth of 70% year over year.

Article Source: https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/ 

CONTACT:

USA NEWS GROUP
info@usanewsgroup.com
(604) 265-2873

DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Scope AI Corp. advertising and digital media from the company directly. There may be 3rd parties who may have shares Scope AI Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Scope AI Corp. which were purchased as a part of a private placement. MIQ reserves the right to buy and sell, and will buy and sell shares of Scope AI Corp. at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

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SCORE Announces Winners of its Small Business Pitch Competition in Los Angeles

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LOS ANGELES, Sept. 27, 2024 /PRNewswire/ — SCORE, the nation’s largest network of volunteer, expert business mentors, announced the three winning small business owners of its 60th Anniversary Pitch Competition held on Sept. 26 at The Kimpton Everly Hotel in Los Angeles, one of the host cities of the nationwide event. The competition is an avenue for small business owners to showcase their presentation and selling skills to industry experts, win funding and gain valuable knowledge and mentorship, all at no cost. More than 2,200 small business owners applied to participate.

The three winning businesses in the Los Angeles pitch event are:

First Place:
Diana Jarrar – Magic Dates (Los Angeles, CA)
Magic Dates, LLC offers innovative snack bites made from dates and other nutritious ingredients, such as walnuts and cacao. Inspired by Diana’s Syrian heritage, the products are designed to be healthy alternatives to traditional snacks, being plant-based, paleo, gluten-free and grain-free, with no added sugars. Popular flavors include Triple Choco Crunch and Salted Walnut Brownie. Diana earned the top prize of $20,000 for her pitch. She plans to use her prize to enhance inventory and production, establish affiliate influencer partnerships, fund pay-per-click campaigns on Amazon, and refresh the website with new imagery.

Second Place:
Jon Mowl – Play With ASL (Riverside, CA)
Play With ASL is an innovative mobile application designed to make learning American Sign Language (ASL) engaging and accessible through gamification. Founded by a Deaf entrepreneur, the platform addresses gaps in existing ASL education by combining fun gaming elements with structured language learning, catering to diverse learning needs. Jon earned $10,000 for his pitch, which he plans to use to enhance the app’s capabilities by developing additional educational games, integrating Learning Tools Interoperability (LTI) standards for use in educational institutions, and improving user experience. Funds will also support marketing efforts and expand the app’s availability to Android devices, broadening its user base.

Third Place:
Brice Sokolowski – Vaucluse Gear LLC (Scottsdale, AZ)
Vaucluse Gear LLC specializes in innovative backpack ventilation solutions, including attachable ventilation frames, mesh sleeves and ultralight framed backpacks. The company aims to enhance comfort for backpackers by reducing sweating and increasing airflow, all while ensuring quality through American-made products. Brice received $5,000 for his pitch. He will use the prize to support the company’s research and development to advance the next version of their ventilation frames, helping accelerate the design process by six months. The funding will also aid in building brand awareness.

“Congratulations to the winners of our 60th Anniversary Pitch Competition event in Los Angeles,” said SCORE CEO Bridget Weston. “It takes ingenuity, passion and dedication for small business owners to succeed. SCORE is honored to provide mentorship and resources to our pitch contestants, just as we have for more than 17 million entrepreneurs over the past 60 years.”

As part of the pitch competition, contestants were matched with one of SCORE’s free, expert business mentors to guide them to prepare and deliver a compelling pitch.

Judging criteria included the effectiveness of the presentation, brand identification, uniqueness and viability of the product or service, the thoroughness of the business plan, scalability and any sustainability or social impact. Financials were also assessed on overall potential.

Shellie Peters, Head of Benefits and Charitable Giving at Global Atlantic, said “Global Atlantic is thrilled to support SCORE’s pitch competition and is committed to fostering the growth of small businesses that contribute to the economic landscape of this dynamic city. We applaud all participants for their creativity and determination and look forward to seeing their positive impact on the Los Angeles community.”

The 10 finalists from the Los Angeles event also included:

Donna Lee – R-YOLO (Harvard, MA)Max Goldberg – Shuki (Los Angeles, CA)Alejandra Garcia – Moon & Milk (Los Angeles, CA)Melody Brown – L&M Hair Company (Portland, OR)Chris Sward – LA Cleaning LLC (Lawndale, CA)Danika Frandsen – Baby Steps Concierge Nursing (Camarillo, CA)Anastasia Miles – The City Loo (Kirkland, WA)

In addition to Los Angeles, regional contests were held in Philadelphia on Aug. 28 and in Des Moines on Sept. 12. A nationwide virtual competition took place Sept. 17-19. The final event in the series will be held on Oct. 3 in Houston. In total, SCORE’s 60th Anniversary Pitch Competition will award $175,000 to 15 winning small businesses.

For more information or to download photos of the Los Angeles event, click here for the press kit.

To schedule interviews with winners of SCORE’s 60th Anniversary Pitch Competition, finalists, mentors, or representatives from SCORE, please contact teamscore@redbanyan.com.

To learn more about SCORE, request a mentor or volunteer to be one, visit score.org.

About SCORE

Since 1964, SCORE has helped more than 17 million entrepreneurs start, grow or successfully exit a business. SCORE’s 10,000 volunteers provide free, expert mentoring, resources and education in all 50 U.S. states and territories. Visit SCORE at score.org.

Funded [in part] through a Cooperative Agreement with the U.S. Small Business Administration.

Media Contact
Maria Coder, SCORE, 954-379-2115, teamscore@redbanyan.com

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