Technology

OCKAM LAUNCHES ZERO TRUST CONNECTORS ON SNOWFLAKE MARKETPLACE

Published

2 weeks ago

November 8, 2024

Snowflake customers can now connect every application, data source, and service in their enterprise to the AI Data Cloud with Ockam.

SAN FRANCISCO, Nov. 8, 2024 /PRNewswire/ — Ockam today announced the launch of eight new Connectors on Snowflake Marketplace. Ockam’s Snowflake Connectors will make it possible for joint customers to extend their AI Data Cloud to any federated application, data source and API across their enterprise.

Snowflake customers can now connect every data source in their enterprise to the AI Data Cloud with Ockam.

“The Snowflake Native App Framework and Snowflake Marketplace infrastructure is a game changer,” said Matthew Gregory, Founder and CEO, Ockam. “I was part of the inception of the Heroku and Azure marketplaces and have experienced how open platforms build unifying ecosystems and strong communities. It’s been a long time coming, but now there’s an AI Data Cloud that’s committed to breaking silos to connect enterprise applications – everywhere.”

Ockam and Snowflake, the AI Data Cloud company, are working together to help joint customers inform business decisions and drive innovations by extending the power of the AI Data Cloud to every application, service, and data source, regardless of their cloud or on-prem footprint. Joint customers can now bring their data to other business critical applications without the risk of exposing data, or applications, to public facing internet gateways. Ockam Connectors create secure, mutually authenticated, point-to-point connections between Snowflake and every application in the enterprise. Previously, some business critical applications have been hard, if not impossible, to connect to Snowflake. Ockam makes it easy to access silos and to build a truly enterprise-wide Data Cloud.

“This collaboration with Ockam underscores our shared motivation to enable organizations to get the most out of their data and secure their environments,” said Tarik Dwiek, Head of Technology Alliances at Snowflake. “By bringing Ockam’s Connectors to the AI Data Cloud, we’re helping organizations to secure their applications, APIs, container services, or data stores across multi-cloud or hybrid infrastructures and accelerate their digital transformation journey.”

Ockam’s Snowflake Connectors add guarantees of data confidentiality, integrity, and authenticity, so you can enforce your enterprise data governance and privacy policies for connections to and from Snowflake. Every cloud app, API, container service, and data store across your multi-cloud or hybrid infrastructure will get its own unique cryptographically provable identity and encryption keys. They individually use their keys to mutually authenticate with their Snowflake AI Data Cloud and establish trusted secure channels across the data platform. All the data that moves through the AI Data Cloud is end-to-end encrypted while in motion. Keys, enrollments, and credentials are safely created, stored, rotated, and revoked automagically so there’s almost nothing to manage.

Snowflake Marketplace is powered by Snowflake’s ground-breaking cross-cloud technology, Snowgrid, allowing companies direct access to raw data products and the ability to leverage data, apps, and AI products quickly, securely, and cost-effectively. Snowflake Marketplace simplifies discovery, access, and the commercialization of data products, enabling companies to unlock entirely new revenue streams and extended insights across the AI Data Cloud. To learn more about Snowflake Marketplace and how to find, try and buy the data, apps and AI products needed for innovative business solutions, click here.

About Ockam

Ockam is simple. There are three things you need to know:

Ockam enables you to build trust between every application, database, SaaS service, code repo, data lake, AI Engine, container, and microservice… everywhere, in any network.Ockam is networkless. We enable you to skip the pain of system administration, IP Backlogs, Allow Lists,VPNs, firewalls, reverse proxies, setting up public endpoints, creating public APIs, and key administration.Ockam is secure-by-design. It is open-source, audited and built in rust. It does the encryption, authentication, key generation, rotation, revocation, and a lot more.

Get Ockam Connectors on Snowflake Marketplace
Learn more at https://www.ockam.io/for/snowflake

Media Contact: Nicholas Ippolito, nicholas@ockam.io

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SOURCE Ockam.io

Technology

Max Stock Limited Announces Change in Shares Held by an Interested Party

Published

3 hours ago

November 24, 2024

CAESAREA, Israel, Nov. 24, 2024 /PRNewswire/ — Max Stock Limited (TASE: MAXO(; )the “Company”, “Max Stock“) today announced that on November 20th, 2024, Phoenix Financial Ltd. and Phoenix Investment House Ltd. (“Phoenix reporting group”), including their respective nostro account, provident funds and provident fund management companies, as well as mutual fund management companies and market maker sub entities, informed the Company that they had sold shares of the Company thereby lowering their joint holdings to 4.8% of the Company’s issued capital (4.15% and 0.65% respectively). As a result, Phoenix reporting group will no longer be an interested party in the Company.

This is an English translation of segments of a Hebrew immediate report that was published on November 24, 2024 (Ref. No: 2024-01-618032) (hereinafter: the “Hebrew Version”). This English version is only for convenience purposes. This is not an official translation and has no binding force. In the event of any discrepancy between the Hebrew Version and this translation, the Hebrew Version shall prevail.

About Max Stock

Max Stock is Israel’s leading extreme value retailer, currently present in 64 locations throughout Israel and 2 locations in Portugal. We offer a broad assortment of quality products for customers’ everyday needs at affordable prices, helping customers “Dream Big, Pay Small”. For more information, please visit https://ir.maxstock.co.il

Company Contacts:

Talia Sessler,
Chief Corporate Development and IR Officer
talia@maxstock.co.il

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SOURCE Max Stock Limited

Technology

Qatar Development Bank announces strategic investment in global Islamic FinTech, Wahed

Published

7 hours ago

November 24, 2024

DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.

Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.

Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.

Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

About Qatar Development Bank

Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.

For more information, visit: https://www.qdb.qa/

SOURCE Wahed

Technology

Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region

Published

7 hours ago

November 24, 2024

DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.

On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”

Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.

His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.

As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.

Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”

About Wahed

For more information, visit: www.wahed.com

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