Technology

CRISIL jumps 12 places to 37th in Chartis RiskTech100 2025

Published

2 hours ago

October 11, 2024

Recognised as Category Leader in model validation for the third year in a row

MUMBAI, India, Oct. 11, 2024 /PRNewswire/ — CRISIL Ltd, the global provider of advanced analytics and credit risk management solutions, has risen 12 places to #37 in the RiskTech100 2025 report published by the London-based Chartis Research this month.

This is the second consecutive year that CRISIL has featured among the top 50. The independent annual assessment ranks the world’s 100 best providers of risk and compliance technology and services.

The report also recognises CRISIL as a Category Leader in model validation for the third consecutive year, based on a risk technology survey, product demonstration, customer reference checks, and third-party sources of information. The process evaluated CRISIL’s capabilities across the model risk lifecycle, including model development, validation, governance, inventory management, and risk management and control.

Gurpreet Chhatwal, Chief Operating Officer, CRISIL Limited, says, “These awards reflect the strength of our service and technology offerings in the risk management space. As traditional and emerging risks continue to multiply at an accelerating rate, our offerings are more crucial than ever before, and we continue to evolve them to adapt to a rapidly changing world.”

CRISIL’s risk management solutions expedite regulatory and internal compliance, enable informed decision-making, and deliver substantial cost efficiencies for financial institutions (Fis). Among the key solutions are:

Model Infinity: A cloud-ready platform for model inventory, workflow and governance. Leverages advanced analytics and robust reporting to address distinct model inventory and model risk management requirementsScenario Expansion Manager: An adaptable tool that empowers FIs to seamlessly define, design, expand and analyse regulatory and internal stress-testing scenarios with precision and flexibilityCredit+ Intelligent Credit Origination: Streamlines credit risk assessment and credit rating framework through a combination of objective and subjective methodologies, enabling decision-making at lendersCredit+ Early Warning Signals: A credit risk monitoring infrastructure for active surveillance of the credit portfolio. Combines internal and external data and a multi-dimensional trigger library to identify early warning signals at the facility/ instrument, borrower and portfolio levels to deliver granular insights and risk intelligenceCredit+ Loan Origination system: Enables seamless management and automation of the loan origination process by managing borrower and proposal data and adhering to workflows specified in the FI’s credit sanctioning policyInternal credit risk models: CRISIL’s 32 credit risk models help FIs rate a wide range of credits, including corporate (large, mid and small), sector-specific, project finance and retail exposures

Ashish Vora, Head, CRISIL Market Intelligence and Analytics, says, “This recognition highlights the strength, depth and global reach of our award-winning credit and risk solutions, Credit+ Intelligent Credit Origination and Credit+ Early Warning Signals. We continue to invest in our products, leveraging generative artificial intelligence (GenAI)-driven analytics, cutting-edge technology and advanced credit risk capabilities, to provide world-class solutions to our clients.”

Last month, CRISIL was also recognised as a Category Leader in the RiskTech Regulatory Reporting Solutions Quadrant Report 2024.

Chartis Research is part of Infopro Digital, which encompasses multiple brands, digital channels and events across the finance, technology and corporate sectors. Their combined reach of more than 400,000 risk and compliance professionals makes the RiskTech100® report the most comprehensive study of its kind.

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Technology

HAT Token ICO Introduces New Staking Opportunities for Early Investors

Published

50 mins ago

October 11, 2024

The HAT Token ICO can be a game changer for early investors as it introduces new staking opportunities. HAT provides users the chance to earn passive income through staking and contribute to the network’s stability and security while earning rewards.

CAMDEN, Del., Oct. 11, 2024 /PRNewswire-PRWeb/ — The popularity of HAT Token ICO in recent times is largely due to the plethora of staking opportunities that the coin gives. The user can start earning more income passively from the same token. There are other diverse functionalities and utilities of this token. These tokens are linked with the Grey HAT community. This helps users to form networks, and analyze the market potential better. It also offers easy accessibility and upgrades security cover because it uses cryptographic algorithms. These advantages are wholly responsible for making this token the Top Crypto ICO of 2024.

We are committed to providing you exclusive benefits for staking. The rewards and discounts will help you fulfill our mission of simplifying crypto trading easily for everyone in the world.

The staking of cryptocurrencies usually involves the practice of locking digital tokens to a blockchain. There are two different kinds of crypto staking- active and passive. In the context of HAT Token, the staking is active as it involves creating new blocks and earning rewards. These tokens ensure the protection of personal finances from unauthorized access. The transparent nature of these tokens is already boosting investor confidence and is based on cutting-edge blockchain technology.

Rob Smith, the CEO of Grey HAT states to the investors “We are committed to providing you exclusive benefits for staking. The rewards and discounts will help you fulfill our mission of simplifying crypto trading easily for everyone in the world. So, utilize our new staking opportunities and join the HAT revolution. Sign up to the platform and become a part of us”.

About Grey HAT:

Grey HAT platform offers HAT Token. The HAT token’s introduction of new staking opportunities can revolutionize the landscape of earning passive income. The token HAT is created to facilitate smooth transactions and represents the company’s stake for economic purposes. The major aim of the company is to fundraise the project through an Initial Coin Offering (ICO). Moreover, Grey HAT ICO was recently listed as the top ICO project by a global research firm, TechResearcho.The tokens can be used for investments and storing value. The company wants to encourage individuals and new businesses to offer a convenient, safe, and traceable platform to trade with cryptocurrencies.

Media Contact

Vagrant, Grey HAT, 1 832-899-5111, vagrant@grey-hat.io, https://ico.grey-hat.io/

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SOURCE Grey HAT

Technology

Curve Finance and TON Launched Hackathon for Developer Teams to Accelerate DeFi Development

Published

50 mins ago

October 11, 2024

ZUG, Switzerland, Oct. 11, 2024 /PRNewswire/ — In September, Curve Finance, a leading decentralized exchange, announced a partnership with TON Foundation meant to incubate a new Stable Swap Project on the base of TON’s blockchain. Now, the collaboration is moving forward with new developments—Curve Finance and TON Foundation have announced a joint hackathon.

The collaboration leverages Curve’s advanced constant-function market maker (CFMM) technology to simplify the swap process on the TON blockchain and streamline the user experience. The end goal is to make stablecoin trading on the TON network more accessible and improve the pace of its adoption. This will also allow to exchange yield-bearing tokens on TON, including upcoming staked crvUSD.

As part of this collaboration, TON has called on its community, seeking out developer teams willing to work on the project. A total of 70 teams have expressed their interest, and so, to select the best talents, Curve and TON have joined forces to host a hackathon event.

The hackathon is going to be taking place from September 25 to October 17, 2024, and will serve as a competitive platform where teams will work on specific development tasks related to the project. Based on the results, the most outstanding teams will move forward.

Their work will be evaluated by a panel of judges, which will include a representative from TON and Curve Finance’s own founder, Michael Egorov. The top three teams will be invited to continue working on the project.

Mr. Egorov has commented on the event, stating the following: “It’s an honor to be part of an initiative that brings together visionary developers to shape the future of the DeFi sector. At Curve, we believe that decentralized finance represents a natural step in the evolution of finance, and projects like these are critical for making that future real. I look forward to seeing what innovative solutions this hackathon will show us, and how the minds in this space can help take both Curve and TON to new heights.”

View original content:https://www.prnewswire.com/news-releases/curve-finance-and-ton-launched-hackathon-for-developer-teams-to-accelerate-defi-development-302273287.html

SOURCE Curve Finance

Technology

DermRays Set to Launch V8S Pro Hair Removal Device in Spring 2025

Published

50 mins ago

October 11, 2024

PLEASANTON, Calif., Oct. 11, 2024 /PRNewswire/ — DermRays, a leader in home beauty technology, is excited to announce the upcoming launch of the V8S Pro, a next-generation laser hair removal device, anticipated for release in Spring 2025. Building on the success of its second-generation home hair removal and multi-functional laser beauty device introduced in 2023, the V8S Pro promises enhanced performance with a large-diameter 810nm laser, which has garnered acclaim for its effectiveness.

Since its launch, the initial device has received rave reviews, with over 97% of customers expressing satisfaction. The positive feedback has inspired DermRays to develop at least two new laser hair removal devices that will feature increased energy output and smarter functionalities, enhancing the overall user experience.

The V8S Pro represents DermRays’ commitment to innovation and customer satisfaction in the beauty technology sector. With advanced features and user-friendly design, it aims to revolutionize at-home hair removal.

“This thing really works, I’m so impressed with it I can’t say enough good About it. Had it since December and already by February hair is coming in softer and less… get this diode laser forget an IPL” — from Amazon

“So far its been a good experience, I cannot say the hair growth is gone because it takes months to achieve. I do see “less” hair growth. The unit is also very good quality and it does not hurt at all. Very easy to use!” — from Trustpilot

“I believe the V8S is close to a perfect at home laser hair removal device BUT the energy of up to 9 joules (27 joules combined) is still on the softer side. It needs to get slightly improved for better and more permanent results. However, product is very made and overall customer experience is really good. Looking for a even more powerful DermRay device.” — from DermRays.com

“I am impressed! I got this device to permanently remove facial hair. I have always had thick dark side burns and as I get older then odd chin hair has turned into a few patches of coarse dark hair. I have and the device for 3 weeks and have seen a significant reduction in growth speed and about a 25% reduction in over all hair growth.

Pros:

I have seen a reduction in both hair growth and growth speed.
The device is easy to use and quick. Including prep time it takes about 20- 30 minutes for my face and legs.
After only 3 weeks hair is slower to grow is finer and have fewer hairs growing back.

Cons:

It is not painless especially for thick dark hairs like a beard or side burns.
I have had less success with the hairs on the sides of my chin because the device is hard to place properly in the less flat areas of the face.
I am beyond pleased with this device so far and believe with some trial and error I can get the chin hairs too.” — from Amazon

Stay tuned for more updates as the launch date approaches. For more information, please visit DermRays website or contact Media Contact Information below:

Facebook: @dermraysofficial
Instagram: @dermrays_global
YouTube: @DermRays
TikTok: @dermrays.official

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SOURCE DermRays