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Persistent Advances Data Privacy and AI-Driven Business Transformation with the Acquisition of Arrka

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PUNE, India, Sept. 30, 2024 /PRNewswire/ — Persistent Systems (BSE: 533179) (NSE: PERSISTENT), a global pioneer in Digital Engineering and Enterprise Modernization, today announced the intent to acquire Arrka, a Pune-based company renowned for its decade-long data privacy expertise, its pioneering Data Privacy Management platform and growing expertise in AI governance. This strategic acquisition significantly enhances Persistent’s AI-led, platform-driven services and strengthens its ability to provide comprehensive offerings in digital governance, including data privacy, AI governance, and cybersecurity, among others. With Arrka’s expertise, Persistent will help clients accelerate their transformation journeys while ensuring ethical, responsible, and compliant AI.

With the widespread adoption of AI, implementing and managing digital governance in general and data privacy and responsible AI are taking center stage for enterprises across industries. Persistent is addressing the opportunities in AI through strategic investments in innovative platforms like SASVA™, an in-house cutting-edge platform using generative and deterministic AI, as well as through tuck-in acquisitions such as that of Starfish Associates, to strengthen its position in AI-powered Contact Center and Unified Communications. The integration of Arrka is a critical component in scaling Persistent’s AI practice and addressing the rising demand for digital governance. It is a key to the Company’s strategy to deliver responsible, ethical, and comprehensive platform-driven digital solutions.

Arrka’s Data Privacy Management platform enables organizations to manage their data privacy risks and comply with multi-jurisdictional legal and regulatory requirements in an integrated manner. Persistent will integrate and significantly broaden Arrka’s offerings to establish deep capabilities across the digital governance and trust domain, including:

AI Governance and Ethics: Equipping organizations to implement and manage AI risks, ensuring trust and governance across their AI initiatives.Data Privacy: Scaling Arrka’s Data Privacy expertise to help businesses enhance and mature their ability to comply with multiple privacy laws and regulations in a holistic manner.Privacy in AI Product Engineering: Offering privacy-by-design capabilities that help embed ethical and trustworthy practices into AI development, thus ensuring transparent and explainable systems.Consent and Rights Management: Developing tailored solutions for managing user consent, handling data subject rights requests, and ensuring transparency in data processing across multiple platforms and jurisdictions.AI Systems Auditing and Compliance Management: Offering continuous compliance and auditing solutions to ensure comprehensive monitoring of AI systems.

Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent: 

“Arrka’s acquisition perfectly aligns with our vision to deliver AI-driven services that fuel innovation and ensure data privacy, ethics, and compliance at every stage. By integrating Arrka’s expertise with our AI-led, platform-driven services strategy, we are empowering businesses to innovate responsibly while managing risk and compliance more effectively. Their mature frameworks and Data Privacy Management platform provide a scalable foundation to ensure this new capability is platform-driven and embeds governance from the outset, which is now critical for successful AI implementations. We’re delighted to welcome Shivangi and her talented team as we strengthen our digital governance and data privacy offerings and shape the future of responsible AI together.”

Shivangi Nadkarni, Co-Founder, Arrka: 

“The acquisition by Persistent catapults Arrka onto the global stage. With the strength and resources of Persistent, we now have the opportunity to go from what has been a specialist, boutique business working with select long-term clients in India, to expanding our footprint into global markets and deepening our expertise rapidly in multiple areas of digital governance. Moreover, this has come at an opportune time, just when this domain is experiencing significant growth globally with the rise of AI. The Arrka team is excited by the opportunities ahead.”

Chirag Mehta, Vice President and Principal Analyst, Constellation Research: 

“As customers accelerate their adoption of AI, the urgency to address data privacy and compliance challenges has never been greater. Persistent’s acquisition of Arrka strengthens its AI-led, platform-first approach, empowering customers to confidently pursue their business goals while tackling these critical security concerns head-on.”

About Persistent

Persistent Systems (BSE & NSE: PERSISTENT) is a global services and solutions company delivering Digital Engineering and Enterprise Modernization to businesses across industries. With over 23,500 employees located in 19 countries, the Company is committed to innovation and client success. Persistent offers a comprehensive suite of services, including AI-enabled software engineering, product development, data and analytics, CX transformation, cloud computing, and intelligent automation. The Company has been recognized as the “Most Promising Company” of the Year by CNBC-TV18 at the 2023 India Business Leader Awards. As a participant of the United Nations Global Compact, Persistent is committed to aligning strategies and operations with universal principles on human rights, labor, environment, and anti-corruption, as well as take actions that advance societal goals.

www.persistent.com

Forward-looking and Cautionary Statements

For risks and uncertainties relating to forward-looking statements, please visit persistent.com/flcs

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PieX AI: Launching the World’s First Personalized, On-device AI Pendant at CES 2025

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NEW YORK, Jan. 2, 2025 /PRNewswire/ — PieX AI, a global leader in multimodal AI hardware for smart health, is set to proudly launch the world’s first pendant featuring personalized, on-device AI at CES 2025. This innovative product aims to revolutionize mental health management by seamlessly integrating technology with emotional well-being.

A  Focus on Mental Health

PieX’s mission is to enhance users’ mental health through advanced applications such as AI life coaching, guided breathing exercises, and comprehensive health monitoring. The PieX pendant is a holistic tool that applies physiological and psychological to support emotional well-being. By empowering users to recognize and embrace their feelings, PieX promotes users to build a positive mindset, ultimately enhancing their mental energy and well-being.

Proprietary Sensing and AI Technology

The PieX pendant is built upon our proprietary Sensing Technology and foundation models featuring both Personalized AI and On-device AI. The sensing technology provides 24/7 accurate emotion tracking results to build a personalized emotion database for each user, making the AI know users better. Moreover, the AI running on users’ own phones ensures that users’ emotional data and auto-journaled information are processed and stored locally, eliminating the need for cloud storage. This feature provides an ultimate solution to enhance user privacy and data security in the LLM era.

Sensing Tech: The pendant’s sensing capability not only accurately measures indicators of stress, such as the wearer’s HRV (heart rate variability), but also precisely assesses the user’s emotional state through their speech tone during conversation. By combining these two aspects, it provides users with a comprehensive emotional tracking insight. Moreover, the pendant’s sensing ability also offers users the capacity to perceive their environment and events, correlating emotional states with daily occurrences, thus helping users better cope with various emotional changes.AI Tech: Leveraging the exceptional sensing capabilities of the pendant, our device will provide a personalized AI that understands the user best. It can automatically offer options for meditation and breathing exercises based on the user’s emotional changes and preferences, enabling users to take a more proactive approach to their mental health. Additionally, all emotional sensing and data processing analysis occur solely on the user’s personal device, with no need for cloud uploads. Even large language models run locally, ensuring that sensitive information never leaves the user’s devices.

PieX AI at CES: Booth #63001-02,Level 1,Hall G, Venetian Expo. 

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SOURCE PieX AI

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FinTech Automation’s EZForm Launches Digital Account Opening Solution for Banks and Credit Unions

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DALLAS, Jan. 2, 2025 /PRNewswire/ — FinTech Automation (FTA) is excited to unveil its EZForm Digital Account Opening (DAO) solution, an innovative tool designed to streamline and simplify the account opening process for banks and credit unions. By digitizing and automating workflows, the EZForm DAO solution enhances compliance and delivers a seamless, user-friendly experience for banks, credit unions, and their customers.

The platform’s advanced identity decisioning technology automates up to 100% of application decisions, significantly reducing processing times and administrative burdens. Additionally, a centralized back-office portal consolidates all application details, providing staff with powerful tools to manage and oversee operations effortlessly.

One of the standout features of the EZForm DAO solution is its unparalleled customization. Financial institutions can design workflows tailored to their unique operational requirements and customer expectations without coding. From determining which data to collect to sequencing steps in the application process, this flexibility empowers institutions to maintain control and maximize cost efficiency.

Compliance and security are central to the DAO solution. With fully automated Know-Your-Customer (KYC) and Know-Your-Business (KYB) processes, along with features such as facial liveness detection, risk scoring, Social Security Number verification, and e-signature capabilities, banks and credit unions can seamlessly meet regulatory requirements. These tools enhance accuracy and security throughout the account opening journey, ensuring a streamlined, transparent, and efficient onboarding experience.

“Compliance and security are at the heart of FinTech Automation’s DAO solution,” said David Park, CEO of FinTech Automation. “With built-in compliance checks against OFAC, FinCEN databases, PEP screening, and the Social Security Number Verification Service, our platform ensures a high level of regulatory compliance. This robust compliance framework enables financial institutions to confidently open international and cross-border accounts for global customers, simplifying operations without compromising security or efficiency.”

By combining ease of use, workflow customization, and robust compliance features, the EZForm DAO solution addresses the unique challenges faced by banks and credit unions. This innovation underscores FTA’s commitment to enable financial institutions to stay competitive in today’s digital-first financial landscape.

About FinTech Automation
FinTech Automation is positioned at the epicenter of global growth in financial technology, collaborating closely with leading companies, entrepreneurs, and thought leaders to drive transformative change. Leveraging technologies such as open-source software, cloud computing, machine learning, and API integration, FTA accelerates time-to-market, enhance returns for banks and fintech companies, and empower global consumers through innovative solutions and applications.

About EZForm
EZForm is a cutting-edge digital solution transforming the account-opening experience for financial institutions. The platform streamlines workflows and incorporates advanced compliance features, including KYC, KYB, facial liveness detection, and e-signature capabilities, ensuring accuracy, security, and regulatory compliance. Designed with flexibility at its core, EZForm offers no-code customization, enabling institutions to create tailored workflows and user interfaces to meet their unique requirements.

Media Contact:
Evan Zhang
214-624-1007
388204@email4pr.com

View original content:https://www.prnewswire.com/news-releases/fintech-automations-ezform-launches-digital-account-opening-solution-for-banks-and-credit-unions-302341229.html

SOURCE FinTech Automation

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CHIPOTLE X STRAVA PARTNERSHIP GOES GLOBAL: INTRODUCING “THE CITY CHALLENGE” IN 25 MARKETS TO KICK OFF 2025

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The popular “Chipotle segments” on Strava are expanding to 25 cities, including international destinations for the first timeChipotle will motivate guests to achieve their goals with a new “Goals, Gym, Guac” motivational text message community, providing exclusive creator content and a chance to score a free Lifestyle Bowl offer1 on “No Quitters Day,” January 10Chipotle’s lineup of seven Lifestyle Bowls makes maintaining a healthy lifestyle easier than ever

NEWPORT BEACH, Calif., Jan. 2, 2025 /PRNewswire/ — Chipotle Mexican Grill (NYSE: CMG) today announced that its partnership with Strava, the app for active people with more than 135 million users in more than 190 countries, is back and bigger than ever in 2025. Chipotle is launching its first-ever international Strava segment challenge for participants to compete to win free Lifestyle Bowls for a year, plus free Chipotle for their city.2 New in 2025, the initiative extends beyond the U.S., connecting and motivating Chipotle’s running community across 25 cities in North America and Europe, including New York City, London, Paris, Toronto and more. See all locations at chipotle.com/city-challenge. People can also complete the segment by walking or in a wheelchair. The cities participating in the competition are the top 25 cities that eat the most Chipotle.

“Last year, we learned about the literal great lengths that our fans will go to for free Chipotle. Participants logged more than 9.25 million miles on ‘Chipotle segments,’ the equivalent of circling the planet more than 370 times,” said Chris Brandt, Chief Brand Officer, Chipotle. “After seeing the passion our fans had for the initial launch with Strava, we had to increase access to the competition and raise the stakes.”

Chipotle x Strava: The City Challenge
Chipotle has partnered with Strava to create 25 “Chipotle segments,” which are portions of roads and trails created by the Strava community where athletes can find friendly competition by chasing the fastest times on the leaderboard. Starting today through January 31, fans will have the opportunity to compete for Local Legend Status (LCL), an award for the individual who completes the segment the most times. Chipotle will reward the Local Legend in each city with free Lifestyle Bowls for a year.2 

New this year, every city with a Chipotle segment will also compete to see who can collectively complete the highest mileage on the segment. The cities’ progress will be tracked on the “Chipotle x Strava: The City Challenge” heatmap,  a first-of-its-kind leaderboard showing daily updates of each city’s performance. The city that wins will score a BUY-ONE-GET-ONE (BOGO) entrée offer for their entire city valid on instore orders on a future date to be announced by Chipotle. This will be the first time Strava segments will be in direct competition with each other as part of a brand-sponsored competition.

No Quitters Day Is Better With Friends
The second Friday of January is known as “Quitters Day,” the day people are most likely to forfeit New Year’s resolutions. Since 2023, Chipotle has celebrated “No Quitters Day” and rewarded guests who sustained healthy habits all month. As Chipotle enters its third year celebrating “No Quitters Day,” the company is creating a motivational text message community via SMS to help guests achieve their goals.

How It Works:

From January 2January 9, guests can visit chipotle.com/lsb-text to join the “Goals, Gym, Guac” text message community.Throughout January, Chipotle will text its community with exclusive content from top creators, motivational texts and affirmations, plus a first chance to score a free Chipotle Lifestyle Bowl. On “No Quitters Day,” Friday, January 10, members will be texted with instructions to get one of 50,000 free Lifestyle Bowls.1

“It’s well known that having an accountability buddy makes it easier to accomplish wellness goals,” said Stephanie Perdue, Vice President of Brand Marketing, Chipotle. “We are showing up for our guests with our version of a group chat to make healthy habits fun on ‘No Quitters Day.'”

Lifestyle Bowls For Every Goal
Chipotle’s Lifestyle Bowls are chef-curated entrées designed to make healthy habits convenient and delicious with easy one tap ordering on the Chipotle app and Chipotle.com. The menu features nourishing bowls for every lifestyle, including Whole30®, keto, paleo, gluten free, grain free, vegan and vegetarian.

Chipotle is helping fans start the new year strong with a $0 delivery fee offer3 on Lifestyle Bowl orders in the U.S. on the Chipotle app and Chipotle.com from January 2 through January 31. Lifestyle Bowls are digital exclusive menu items available in the U.S., U.K., Canada and France. 

The 2025 Lifestyle Bowl Lineup:

Balanced Macros Bowl: Light White Rice, Black Beans, Chicken, Fajita Veggies, Fresh Tomato Salsa, Guac, Extra Romaine LettuceVeggie Full Bowl: White Rice, Black Beans, Fajita Veggies, Fresh Tomato Salsa, Roasted Chili-Corn Salsa, GuacWholesome Bowl (Whole30® compatible): Supergreens Lettuce Blend, Chicken, Fajita Veggies, Fresh Tomato Salsa, GuacKeto Salad Bowl: Supergreens Lettuce Blend, Chicken, Tomatillo-Red Chili Salsa, Fresh Tomato Salsa, Sour Cream, CheeseHigh Protein Bowl: White Rice, Black Beans, Double Chicken, Tomatillo-Red Chili Salsa, Cheese, Romaine LettucePlant-Powered Bowl: Supergreens Lettuce Blend, White Rice, Sofritas, Fajita Veggies, Fresh Tomato Salsa, Roasted Chili-Corn Salsa, GuacGo Half Veggie Bowl: 1/2 Chicken, 1/2 Sofritas, Supergreens Lettuce Blend, White Rice, Fajita Veggies, Fresh Tomato Salsa, Roasted Chili-Corn Salsa, Sour Cream 

1 – 50,000 codes available. 50 U.S. States & DC Only, 13+. Limit 1 code per person. Chipotle will let you know if you’ve won by sending you a text. Standard text and data rates may apply.  If all codes aren’t distributed via text responses Chipotle will distribute via other means outlined in the Terms. Terms: chipotle.com/text

2 – NO PURCHASE NECESSARY.  Contest begins 1/1/25 at 3:01 p.m. PT and ends: 1/31/25 at 11:59 p.m. PT.  Minors must have parental consent.  See official rules at: chipotle.com/city-challenge-rules for additional eligibility restrictions, entry periods, segment details, prize descriptions/restrictions, and complete details.  Sponsor: CMG Strategy Co., LLC.

3 – Higher menu prices are charged for delivery; additional service fees applied at checkout as well (except in California and Minnesota). Available January 2 through January 31, 2025 only, within Chipotle’s delivery areas from participating U.S. locations, during normal operating hours for such locations. Order must include at least one Lifestyle Bowl to qualify. Minimum order $10 USD/ maximum order $200 USD, each excluding tax and fees. Deliveries and redemptions are subject to availability. Offer is not valid on catering or Burritos by the Box orders. Redemptions of Chipotle Rewards and other promotional offers may be included in a qualifying delivery order but do not count towards satisfaction of minimum purchase requirements. Valid only on Chipotle website or the Chipotle app; not valid on orders placed via third-party delivery platforms. Chipotle reserves the right to modify or terminate this offer at any time without notice. Additional restrictions may apply; void where prohibited.

ABOUT CHIPOTLE
Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better world by serving responsibly sourced, classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. There are over 3,600 restaurants as of September 30, 2024, in the United States, Canada, the United Kingdom, France, Germany, and Kuwait and it is the only restaurant company of its size that owns and operates all its restaurants in North America and Europe. Chipotle is ranked on the Fortune 500 and is recognized on Fortune’s Most Admired Companies 2024 list and Time Magazine’s Most Influential Companies. With over 125,000 employees passionate about providing a great guest experience, Chipotle is a longtime leader and innovator in the food industry. Chipotle is committed to making its food more accessible to everyone while continuing to be a brand with a demonstrated purpose as it leads the way in digital, technology and sustainable business practices. For more information or to place an order online, visit Chipotle.com.

About Strava
Strava is the app for active people with more than 135 million athletes in more than 190 countries. The platform offers a holistic view of your active lifestyle, no matter where you live, which sport you love and/or what device you use. Everyone belongs on Strava when they are pursuing an active life. Join the community, find motivation and discover new experiences with a Strava subscription. Join the Strava Club or follow Strava on Instagram, X, Facebook, YouTube and LinkedIn.  Visit www.strava.com for more information. 

 

 

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SOURCE Chipotle Mexican Grill

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