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Tookitaki’s Anti-financial Crime (AFC) Ecosystem helps Banks and Fintech Fight Financial Crime

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SINGAPORE, Oct. 28, 2024 /PRNewswire/ — An estimated $2 trillion is laundered globally each year, and new financial crime scenarios are emerging every day. Banks and fintechs, with their current approach of operating in silos, are struggling to keep up.

Tookitaki, a global leader in anti-financial crime technology, is reshaping the fight against financial crime globally by building the trust layer for financial services. Tookitaki’s Anti-Financial Crime (AFC) Ecosystem, together with the advanced AI of its flagship solution FinCense, enables institutions to build consumer trust and institutional trust by preventing fraud and combating money laundering.

FinCense integrates seamlessly with the AFC Ecosystem, providing financial institutions with access to a global network of financial crime experts. This unique combination of collaborative intelligence and cutting-edge AI allows institutions to stay ahead of evolving threats while meeting regulatory requirements.

In the Philippines, PayMongo has already seen significant results as one of the first to adopt Tookitaki’s Compliance-as-a-Service (CaaS) deployment model. By leveraging the AFC Ecosystem’s extensive repository of risk scenarios and FinCense’s advanced AI technologies PayMongo has improved threat detection and reduced false positives.

Jojo Malolos, CEO of PayMongo, commented, “As a comprehensive provider of financial tools, safeguarding our partners against evolving threats remains our top priority. By collaborating with the AFC Ecosystem, we gain invaluable global risk insights, allowing us to proactively address emerging risks. This ensures we continue to build trust and confidence with our merchants while delivering secure, innovative solutions.”

Abhishek Chatterjee, Founder and CEO of Tookitaki, stated, “Our platform’s uniqueness lies in harnessing the collaborative intelligence of the AFC Ecosystem. Our success in emerging markets proves the strength of our collaborative model. The AFC Ecosystem empowers financial institutions to adapt quickly to new threats, giving them the tools to scale up their compliance strategies effectively.”

By blending cutting-edge technology with the AFC Ecosystem’s collaborative intelligence, Tookitaki is transforming financial crime prevention across the globe.

About Tookitaki
Tookitaki is transforming financial services by building a robust trust layer that focuses on two crucial pillars: preventing fraud to build consumer trust and combating money laundering to secure institutional trust. Our trust layer leverages collaborative intelligence and a federated AI approach, delivering powerful, AI-driven solutions for real-time fraud detection and AML compliance. Our platform is built on modern data engineering, ensuring real-time responsiveness, higher throughput, security, and availability.

Contact:
marketing@tookitaki.com

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View original content:https://www.prnewswire.co.uk/news-releases/tookitakis-anti-financial-crime-afc-ecosystem-helps-banks-and-fintech-fight-financial-crime-302287326.html

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Fanttik Partners with Brooklyn Nets as Official Partner for DIY Tools and Automotive Solutions

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HOUSTON, Oct. 28, 2024 /PRNewswire/ — Fanttik, a leading provider of innovative DIY tools and automotive solutions, is thrilled to announce a multi-year partnership with the NBA’s Brooklyn Nets. designating the brand as the “Brooklyn Nets Official Partner for DIY Tools and Automotive Solutions.” beginning with the 2024-25 NBA season.

This partnership will see Fanttik’s branding prominently featured at Barclays Center during all Brooklyn Nets home games, with extensive visibility across digital signage.

As part of this dynamic collaboration, Fanttik will work closely with the Brooklyn Nets to engage fans through special events, exclusive promotions, and community-driven initiatives. This partnership is a testament to Fanttik’s commitment to delivering high-quality, user-friendly tools that empower consumers to tackle projects confidently.

“We are incredibly excited to partner with the Brooklyn Nets, a team that exemplifies innovation, teamwork, and excellence—values that are at the core of Fanttik’s mission,” said Bo Du, CEO of Fanttik. ” This partnership is a perfect alignment, and we look forward to building meaningful connections with the vibrant Brooklyn community through this exciting collaboration.”

Fanttik’s partnership with the Brooklyn Nets underscores the brand’s ongoing mission to provide top-tier tools and solutions that enhance everyday life while also engaging with communities in meaningful ways. As this partnership unfolds, fans can expect exciting activations and a host of opportunities to experience the best of both brands.

About Fanttik 

Fanttik is a premier provider of DIY tools and automotive solutions dedicated to innovation and quality. Since 2022, Fanttik has been a primary partner of 4 NASCAR drivers. Fanttik’s products have gained over 300 million video views on TikTok and successfully entered Costco. Fanttik continues to deliver products that make everyday tasks easier and more efficient. For more information, visit www.fanttik.com.

About BSE Global

BSE Global manages and operates Barclays Center, the Brooklyn Nets, its NBA G League team, the Long Island Nets, and its NBA 2K League affiliate, NetsGC. Through dynamic programming and operations, BSE Global creates engaging experiences for audiences worldwide.

View original content to download multimedia:https://www.prnewswire.com/news-releases/fanttik-partners-with-brooklyn-nets-as-official-partner-for-diy-tools-and-automotive-solutions-302288355.html

SOURCE FANTTIK

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Dahua Technology Achieves International Cybersecurity Standards with CC EAL 3+ and BSI Certifications

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ROME, Oct. 28, 2024 /PRNewswire/ — At its 6th Partner Day in Italy, Dahua Technology received the Common Criteria (ISO/IEC 15048) EAL 3+ certificate, along with ISO/IEC 27001 for Information Security Management System, ISO/IEC 27701 for Privacy Information Management System, and CSA STAR certifications. These achievements further strengthen Dahua’s comprehensive security measures and adherence to global standards, demonstrating its ability to meet top international cybersecurity standards in today’s digital environment.

Dahua’s IPC series products have received the CC EAL3+ certificate, reflecting Dahua’s comprehensive security measures throughout its product development lifecycle. The evaluation activity was performed by Brightsight, a licensed cybersecurity laboratory, and the certificate was issued by the Netherlands Scheme for Certification of IT Security (NSCIB). Common Criteria (CC) is a globally recognized standard for evaluating the security features of IT products and systems. The CC EAL3+ certificate reinforces Dahua’s commitment to robust protection against potential security threats and highlights its proactive approach in safeguarding the entire operations process—from research and development to manufacturing and delivery.

The ISO/IEC 27001 certification, issued by British Standards Institution (BSI), confirms that Dahua has established a comprehensive information security management system to protect sensitive information from potential risks. This reflects the company’s commitment to managing information securely and effectively. The ISO/IEC 27701 certification extends this framework to privacy information management, attesting that Dahua’s systems are capable of effectively managing personal data in compliance with international privacy regulations.

Additionally, the CSA STAR (Cloud Security Alliance Security, Trust & Assurance Registry) certification recognizes Dahua’s capabilities in securing cloud services. It reflects the company’s adherence to best practices in cloud security, ensuring that its cloud-based solutions (e.g. DoLynk Care, DMSS, WiLynk, etc.) meet stringent standards for protecting sensitive information.

“These certifications highlight the advanced security measures we’ve implemented across all stages of our operations,” said Kevin Chen, President of Dahua WEU. “As the digital landscape evolves, we are fully committed to maintaining the highest standards of cybersecurity, continually strengthening our systems, and delivering secure, reliable solutions to our customers and partners globally.”

Under the theme “Think Alike, Grow Together,” the Partner Day event has brought together industry leaders, partners, and experts to explore new opportunities in the AIoT landscape. By fostering closer ties with its partners, Dahua continues to enhance its offerings, ensuring that both innovation and security remain at the forefront of its product development.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/dahua-technology-achieves-international-cybersecurity-standards-with-cc-eal-3-and-bsi-certifications-302288361.html

SOURCE Dahua Technology

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SiC prices plunge as Chinese capacity soars, reshaping semiconductor landscape

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TAIPEI, Oct. 28, 2024 /PRNewswire/ — Silicon carbide (SiC) once thrived amid substrate shortages. However, according to the news report from the technology-focused media DIGITIMES Asia, 2024 saw a significant shift where Chinese manufacturers dramatically ramp up production, resulting in a collapse of prices for mainstream 6-inch substrates and a steep decline in 8-inch prices.

China holds a dominant position in the two major application areas for SiC—EVs and solar panels. The Chinese government is aggressively pursuing semiconductor self-sufficiency, raising concerns about the future viability of non-Chinese systems. Taiwanese companies, which have been slower to develop, may navigate this crisis of excess SiC materials, but they face a mixed bag of opportunities and challenges, particularly with the looming threat of large-scale, low-cost competition from China.

Doris Hsu, chairperson of Sino-American Silicon Products (SAS) and GlobalWafers, admitted that the changes in the SiC industry this year were unexpected, particularly due to substantial capacity increases from Chinese manufacturers driving prices to unprecedented lows.

Hsu analyzed the landscape through two lenses: geopolitics and the characteristics of the SiC industry. She believes that this is a pivotal moment for Taiwanese manufacturing to assert its advantages. Geopolitically, the US, Europe, and Japan are actively seeking to reduce reliance on Chinese suppliers, making it less likely that SiC will follow the trajectory of solar energy. These regions are looking for allies to create a more balanced ecosystem, and they see potential in Taiwan.

Taiwanese companies boast stable quality and reliability, and their established presence in silicon-based (Si) semiconductor markets is well-recognized globally. The rigorous manufacturing standards seen in these sectors can be applied to SiC. In terms of product performance and cost-effectiveness, Taiwanese firms generally outshine their European, American, and Japanese counterparts, though the latter still maintain irreplaceable advantages in specific applications, suggesting a complementary approach could yield optimal results.

From an industrial perspective, Hsu emphasized that the SiC sector differs from solar energy and LED sapphire. In solar modules, if one cell malfunctions, the remaining cells can still function, resulting in a reduced power output. Conversely, SiC primarily serves medium- to high-voltage power demands, making its role crucial as power grids adjust to increasingly volatile electricity inputs. Safety is paramount in automotive applications, and any compromises are unacceptable. Errors in industrial-grade power networks can lead to significant economic losses from sudden outages, while automotive standards prioritize driver and pedestrian safety, exposing Tier 1 suppliers and automakers to substantial liabilities.

Consequently, many mid to high-end Chinese electric vehicles continue to favor SiC components from international integrated device manufacturers (IDMs), even while adhering to government policies. These manufacturers must prioritize safety and reliability, requiring effective testing and validation before incorporating SiC components into vehicles. No automaker or utility would willingly accept the substantial risks associated with a single SiC component threatening their operations.

In summary, the SiC industry must focus not only on material prices but also on meeting customer expectations for quality and reliability. Currently, SiC substrates are experiencing temporary irrational low prices due to supply-demand imbalances. Despite this, Hsu recognizes the scale and cost-competitive strengths of Chinese SiC manufacturers, predicting that other supply chains, including Taiwan’s, will struggle to match their cost-effectiveness. As SiC substrate prices continue to fall, the range of applicable sectors is set to expand, moving beyond just electric vehicles and solar modules.

View original content to download multimedia:https://www.prnewswire.com/news-releases/sic-prices-plunge-as-chinese-capacity-soars-reshaping-semiconductor-landscape-302288377.html

SOURCE DIGITIMES ASIA

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