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BioCatch partners with Australian banks on launch of fraud and scams intelligence-sharing network

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ANZ, CBA, NAB, Suncorp Bank, Westpac form inaugural core of BioCatch Trust™ partners

SYDNEY, Nov. 20, 2024 /PRNewswire/ — Australia and New Zealand Banking Group (ANZ), Commonwealth Bank of Australia (CBA), National Australia Bank (NAB), Suncorp Bank (Norfina Limited), and Westpac today announced they’d joined BioCatch Trust™ Australia, a pilot of the world’s first inter-bank, behavior- and device-based, fraud and scams intelligence-sharing network.

BioCatch Trust™ adds an additional layer of behavioural- and device-based protection for customers at the above-named banks against fraud and scams, by assessing in real time the potential risks associated with the accounts to which customers direct their domestic online payments within BioCatch Trust™ Australia. If the network identifies risks associated with a receiving account, BioCatch provides this intelligence to the sending bank in real time, allowing the sending institution to review the transaction before any money leaves the sender’s account.

“Fraud and scam payments are nearly always transferred to mule accounts through which the criminal funnels their profits before withdrawing them,” BioCatch CEO Gadi Mazor said. “When the sending and receiving banks involved in these transactions share intelligence to identify potential money mules, it should reduce the number of customers who fall victim to scams and make a substantial dent in the ability of criminals to move their illegally attained money. We know the criminals behind these attacks swap tactics, strategies, intelligence, and technology with other rival cybercriminals. We’re proud to now offer Australian banks an opportunity to join their own intelligence-sharing network to fight back.”

BioCatch Trust™ combines behavioral intelligence with digital session, payment, account, device, and non-monetary event intelligence to assess the potential risks of receiving accounts on the network before an eligible payment is processed. This helps financial institutions prevent those types of scams where the fraudster manipulates the victim outside of a digital banking session (many scams originate via an email, text message, or social media post). BioCatch Trust™ accomplishes this while utilising proven pseudonymisation technology to help protect the identities of those customers within the BioCatch Trust™ network.

The strength of the BioCatch Trust™ network improves with each new financial institution that joins. As more banks contribute account intelligence, the system grows smarter and more effective, offering deeper insights and broader coverage. This collective intelligence helps to protect against existing, unknown, and emerging threats, significantly enhancing fraud detection across the Australian banking ecosystem.

BioCatch Trust™ complements existing networks that share information after a scam has taken place, assisting the sending bank to make real-time risk assessments of receiving accounts before the sender transfers away any money.

Commentary from participating banks:

“Scams are a widespread issue and a scourge on our community,” ANZ Head of Customer Protection Shaq Johnson said. “At ANZ, and across the banking sector, we must continue to invest in prevention and detection measures to help keep our customers safe from cybercriminals. BioCatch Trust™ is another capability we can adopt to help us in the continued fight against scams and fraud. We’re pleased to be part of the pilot and look forward to seeing how we can leverage the risk indicators and insights this tool offers to complement our existing anti-scam capabilities.”

“There’s always more we can do to protect Australians from scammers, and joining BioCatch Trust™ builds on the anti-scam innovations that CBA has already implemented to better protect Australians,” CBA Head of Group Fraud James Roberts said. “BioCatch Trust™ is the first time banks have been able to share information in real time before a payment is made. In a world-first, this will help protect Australians from losing money to scammers. CBA welcomes the continued sharing of anti-scam intelligence – both with other banks and also across broader industry, including social media companies and telcos through the anti-scam intelligence loop.”

“Scams are the plague of our times,” NAB General Manager of Group Investigations Chris Sheehan said. “We must take action to make Australia a tougher place for criminals to be successful. This is a global first and a great example of how Australia is embracing innovation and strategic partnerships to stop criminals in their tracks. We look forward to seeing this technology in action to help us protect customers and detect scams at scale, in real time.”

“Suncorp Bank is proud to be part of this innovative collaboration, which highlights the investment being made to protect banking customers from scammers,” Suncorp Bank Executive Manager of Financial Crime Operations and Strategy Paul Gardner said. “All financial institutions have a critical role to play in the fight against scammers, and the work delivered as part of this project is another important step towards further protection for all Australians.”

“Stopping scams is one of our highest priorities,” Westpac Head of Fraud Prevention Ben Young said, “so we’re pleased to add an extra layer of protection for customers. Working closely with other banks and providers in the ecosystem is our best bet for making Australia a harder place for scammers to operate.”

About BioCatch:

BioCatch stands at the forefront of digital fraud detection, pioneering behavioral biometric intelligence grounded in advanced cognitive science and machine learning. BioCatch analyzes thousands of user interactions to support a digital banking environment where identity, trust, and ease coexist. Today, 34 of the world’s largest 100 banks and 237 total financial institutions rely on BioCatch Connect™ to combat fraud, facilitate digital transformation, and grow customer relationships. BioCatch’s Client Innovation Board – an industry-led initiative featuring American Express, Barclays, Citi Ventures, HSBC, and National Australia Bank – collaborates to pioneer creative and innovative ways to leverage customer relationships for fraud prevention. With more than a decade of data analysis, 93 registered patents, and unmatched expertise, BioCatch continues to lead innovation to address future challenges. For more information, please visit www.biocatch.com.

PR contacts:

Mac King
BioCatch senior communications manager
Mac.King@BioCatch.com

Amanda Schultz
ANZ media and public relations manager
Amanda.Schultz@anz.com

CBA Media
media@cba.com.au

Amelia Harris
NAB senior communications advisor
Amelia.Harris@nab.com.au

Emily Arnold
Suncorp Bank
Suncorp senior corporate affairs advisor
Emily.Arnold@suncorpbank.com.au

Brooke Davie
Westpac media
Brooke.Davie@westpac.com.au

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SOURCE BioCatch

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Axilion Makes a Mark at ITS Texas/TexITE Joint Conference

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AUSTIN, Texas, Nov. 20, 2024 /PRNewswire/ —  Axilion (TASE: AILN) continues to solidify its presence in the U.S. traffic optimization market with a standout participation at the ITS Texas/TexITE Joint Conference. The company showcased its innovative X Way platform at an exhibitor booth and presentation on Friday’s panel, “Signal Timing Session I: Impact of Integrated Advanced Technologies in Traffic Management.”

The conference, which drew 781 participants—including traffic engineers, transportation professionals, and key decision-makers—provided an ideal stage for Axilion to highlight its cutting-edge solutions to the southern U.S. region. The Axilion booth attracted numerous visitors, keen to explore live demonstrations of the X Way platform, which leverages AI and digital twin technology to revolutionize traffic signal optimization. At the conference, Axilion presented the excellent results achieved in its latest pilots in the US, with significant improvements in traffic loads and times.

During the signal timing session, Axilion, delivered a compelling case study detailing the use of digital twin and reinforcement learning technologies to optimize traffic signal timing in Las Vegas. The session, attended by 96 participants, received strong positive feedback and generated additional booth traffic from those eager to learn more about the platform’s capabilities.

About Axilion

Axilion’s unique digital twin technology sets a global standard by offering a scalable, pure software signal optimization solution. Powered by a homegrown micro-simulation and state-of- the-art optimization engine, Axilion empowers traffic engineers with the ability to initiate AI- driven optimization processes aligned with decision-makers’ policy. Fusing both detector and probe data, a real-time traffic demand database emerged and set a solid foundation for the solution. The culmination is a system where precise strategies can be devised, evaluated, and perfected, all before real-world deployment.

The Company’s site: https://axilion.com/about/

View original content:https://www.prnewswire.com/news-releases/axilion-makes-a-mark-at-its-texastexite-joint-conference-302310953.html

SOURCE Axilion Smart Mobility

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Tata Elxsi, DENSO and AAtek Inaugurate ‘Robotics and Automation Innovation Lab’ in Frankfurt

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FRANKFURT, Germany and BENGALURU, India, Nov. 20, 2024 /PRNewswire/ — Tata Elxsi, a global leader in design and technology services, in partnership with DENSO Robotics Europe and AAtek, announced the inauguration of the ‘Robotics and Automation Innovation Lab’ at its Frankfurt office. This state-of-the-art facility aims to drive the future of robotics automation across sectors such as medical devices, pharmaceuticals, life sciences and food science.

Equipped for both proof-of-concept (POC) and full-scale development, the lab will serve as a research and development hub, focusing on modular automation, accelerating product development, and simplifying maintenance, to meet global demand for automation solutions. This includes live demonstrations of high-precision and modular robotic implementations in cell/tissue culture, diagnostics, and sterilised environments.

The new facility will specialise in key areas, leveraging AI-driven analytics to support personalised medicine, automated handling of cell cultures in sterile environments, liquid handling and dispensing solutions, hospital lab automation, drug discovery, bioprocessing, and diagnostics. The centre will provide services, including product design and engineering, application development, platform engineering, and regulatory compliance support.

This unique combination of state-of-the-art technology and deep automation expertise provides customers with a platform to co-create, test, and deploy robotic solutions designed to meet the specific regulatory and operational challenges of the healthcare industry.

Designed to foster innovation in the region, the lab is also open to researchers and students from the Frankfurt Innovation Center (FIZ) and the startup ecosystem in the Hessen region.

The launch event was inaugurated by key leaders from all three companies, including Manjunath Kulkarni, VP of Client Relationship at Tata Elxsi; Arun Damodaran, Founder and CEO of AAtek Group; Dirk Schöffler, Head of DENSO Robotics Europe; and Bhupendra Singh Nikhurpa – Consul Commerce, Consulate General of IndiaFrankfurt.

Commenting on the inauguration, Raghav Yesodha, Director, Healthcare & Life Sciences, at Tata Elxsi, said, “This lab marks an important milestone in our efforts to bring together the best of Japanese innovation, German precision, and Tata Elxsi’s expertise in med-tech, regulatory compliance, and automation. Together with DENSO’s robotics leadership and AAtek’s integration capabilities, we are poised to accelerate innovation and product development in healthcare automation, enabling our customers to stay ahead of evolving market needs.”

Arun Damodaran, Founder and CEO of AAtek Group, emphasised the power of collaboration, saying, “While we are strong individually, together with Tata Elxsi and DENSO, we are even stronger. This partnership enables us to deliver comprehensive, end-to-end solutions as a one-stop shop for robotics, automation, and Industry 4.0, focusing on the life sciences, pharmaceutical, and healthcare sectors.”

Dirk Schöffler, Head of DENSO Robotics Europe, stated, “DENSO being a leader in robotic technology and contributing towards the Robotics and Automation Innovation Lab offers valuable opportunities to develop fresh perspectives and cutting-edge solutions through ‘Crafting the Core’, driving creativity and accelerating progress to meet current market demands beyond traditional boundaries.”

With a roadmap for future expansion in USA and India, this lab is strategically positioned to become a key enabler in the global robotics and automation landscape, helping customers navigate the complex and rapidly evolving healthcare automation space.

About Tata Elxsi

Tata Elxsi is a global design and technology services company headquartered in Bangalore. It addresses the healthcare, automotive, broadcast, and communications consumer electronics industries. This is supported by a network of design studios, development centres, and offices worldwide. Tata Elxsi’s Healthcare & Life Sciences practice is ISO 13485 certified and collaborates with prominent medical device and pharmaceutical OEMs, as well as technology companies. With a comprehensive services and solutions portfolio, Tata Elxsi adds value at every stage of the customer’s product development lifecycle. Recognised as a leader in technology consulting, new product design, development, verification & validation, as well as regulatory compliance services, Tata Elxsi is a trusted name in the industry. For more information, visit www.tataelxsi.com

About AAtek

AAtek Group Head Quartered by AAtek GmbH at Frankfurt am Main, Germany 2011, acts as a Technical Knowledge Transfer Centre with its Affiliate company AAtek Robo Pvt. Ltd., in Coimbatore India. AAtek Robo Pvt. Ltd is also the Official DENSO Robotics Europe Distributor and System Integrator in the Indian Market. It also handles the Projects, Application Design, and Development from India. AAtek is a Holistic Global System Integrator, implementing Agile Automation through Internet of Things, Data Analytics, Artificial Intelligence and Robotics for Life-Science Industries, Laboratories and others. For more information about AATek, visit aatek.de

About DENSO Corporation

Globally headquartered in Kariya, Japan, DENSO is a $47.2 billion leading mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in around 180 facilities worldwide to provide opportunities for rewarding careers and to produce cutting-edge electrification, powertrain, thermal and mobility electronics products, among others, that change how the world moves. In developing such solutions, the company’s 162,000 global employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. DENSO spent around 7.7 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2024. For more information about DENSO’s operations worldwide, visit https://www.denso.com/global.

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View original content:https://www.prnewswire.co.uk/news-releases/tata-elxsi-denso-and-aatek-inaugurate-robotics-and-automation-innovation-lab-in-frankfurt-302311080.html

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The Lazarus Practice: Ex Goldman Sachs and Headspace Leaders Pioneer a New Era of Personalised Mental Health Support in the United Kingdom

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LONDON, Nov. 20, 2024 /PRNewswire/ — The Lazarus Practice launches today offering advanced psychotherapy and groundbreaking ‘multimodal’ therapeutic pathways.

The practice is not just a service, it’s a revolution in mental health care and represents a beacon of hope at a time when the UK faces a pervasive, worsening and indiscriminate nationwide mental health crisis that annually affects as many as one in four individuals, from all walks of life.

The practice is spearheaded by visionary founders Dr Ian Dodd, a former Goldman Sachs executive who experienced a severe burnout and depression, and Dr David Cox, ex-Chief Medical Officer at Headspace. It emerges from a critical need to overcome the widespread failures of the majority of private and public mental health services.

“Like many others, I’ve experienced first-hand how private and public mental health services most often fall well short of their promises. The words ‘quality’, ‘personalised’, and ‘recovery-oriented’ are widely misused and abused, leaving me horrified given the terrible human costs and suffering associated with such misrepresentation,” says Co-Founder and CEO, Dr Ian Dodd. “Our mission is simple: to furnish the highest calibre and most effective mental health support available, crafted to fit seamlessly into the lives of those who demand the utmost in quality and confidentiality.”

Bringing Hope to discerning clients

The practice recognises the, often silent, psychological costs of living demanding, high-pressure or high- stakes lifestyles. Its services are bespoke, intelligent, discreet and entirely human and it is well positioned to support successful, high-performing, prominent or high net worth individuals and their loved ones. It addresses the nuanced challenges faced by this demographic, ensuring they receive the support they need to thrive.

Its services are rooted in good science and every component has been designed by highly skilled and knowledgeable experts. “Life changing outcomes are unlocked through the application of deep expertise, which allows for a very detailed understanding of our clients needs at any point in time and the provision of powerful, appropriate and precise support,” says Dr Dodd. “We have an extraordinary team, the very best, most of whom possess decades of experience supporting clients in changing their lives for the better.”

Advanced Psychotherapy

The practice offers outcome-focused psychotherapy programmes tailored to each client, delivered by highly knowledgeable therapists possessing the required skills and having significant experience of supporting others, with similar needs, in successfully achieving their desired outcomes. “The widespread problems with psychotherapy today, of which there are many, explain why of those starting it, more than half drop out (most quickly and never to return), less than one in ten achieve their outcomes, one in twenty people end up harmed or feeling worse,and the remainder report at best modest, often no, benefits. There is a HUGE unspoken problem,” says Dr Dodd.

Transformative ‘Multimodal’ Therapeutic Pathways

Groundbreaking multimodal pathways have the greatest potential for efficiently transforming client lives, with every client quickly experiencing a close-knit and expert multidisciplinary team coming around them comprising expertise in psychotherapy, sleep, nutrition, mindfulness and movement. A dedicated Client Advocate, a very experienced psychological practitioner, monitors progress, working to ensure that the best path is always being followed. “Simply put, our multimodal pathways transform both mental health and lives,” says Dr Dodd. “They vastly surpass the potential of psychotherapy alone and have the greatest potential to return to full mental health clients who find themselves struggling.” He adds “they work, they are game- and life-changing and our offering here is unique.”

A Vision for the Future

The Lazarus Practice is committed to revolutionising mental health support, providing cutting-edge, personalised services that foster genuine healing. It launches at a time when the need for trusted, effective mental health services has never been more acute and it stands ready to make a significant, positive impact on the lives of those it serves. 

For media inquiries, please contact:

Darcie Tanner, CMO
darcie@thelazaruspractice.com
07731 399 314

To learn more about The Lazarus Practice, visit:

Website: https://www.thelazaruspractice.com/
Instagram: https://www.instagram.com/thelazaruspractice/
LinkedIn: https://uk.linkedin.com/company/the-lazarus-practice

You can find a logo for The Lazarus Practice here: https://drive.google.com/file/d/1uR_5ERMc-O8ac4jFXAYgKQntOXMZJOHB/view?usp=sharing

 

View original content:https://www.prnewswire.co.uk/news-releases/the-lazarus-practice-ex-goldman-sachs-and-headspace-leaders-pioneer-a-new-era-of-personalised-mental-health-support-in-the-united-kingdom-302310446.html

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