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Sila Announces ACHNow in Partnership with Trice to Revolutionize Real-Time Payments

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Sila & Trice redefine real-time payments with ACHNow, integrating RTP, FedNow, and Instant Settlement for secure, fast, and cost-effective money movement.

PORTLAND, Ore., Feb. 28, 2024 /PRNewswire-PRWeb/ — Sila, a leading innovator in the financial technology space, and Trice, an instant payments platform for businesses and banks, are thrilled to announce a strategic partnership that will redefine the landscape of real-time money movement with ACHNow.

“This partnership reflects our dedication to simplifying financial transactions and making money movement more accessible, reliable, and cost-effective for businesses of all sizes.” – Shamir Karkal, Co-Founder and Chief Strategy Officer at Sila

Sila’s ACHNow product combines RTP, FedNow and their proprietary Instant Settlement product that allows all ACH transactions to be settled in seconds not days. Businesses can submit a standard NACHA file and ACHNow will intelligently route each transaction to either RTP or FedNow and if neither of those rails can support the transaction then Sila’s Instant Settlement product is utilized to clear the transaction. Sila’s ACHNow provides a single API integration to access multiple instant payment rails while delivering significant cost savings over costly wires or card transactions.

Trice’s modern payments platform is designed to provide businesses and financial institutions with intelligent, fast, secure, easy, and cost-effective money transfer solutions that settle every second, every day. The collaboration between Sila and Trice marks a significant step towards empowering businesses with the ability to effortlessly streamline their financial transactions and enhance overall customer satisfaction.

One of the most notable advantages of the partnership is Trice’s capacity to eliminate ACH R1s and R5s, significantly reducing costs, losses, fines, workload, and customer dissatisfaction stemming from insufficient funds and unauthorized debits. By harnessing the power of Trice’s instant safeguards, businesses can enjoy lower risks, streamlined operations, enhanced accountability, and, most importantly, happier customers.

Key highlights of the partnership include:

Real-Time Availability: ACHNow is a 24/7/365 real-time payments platform that empowers businesses to securely request and receive expected funds around the clock. This accessibility ensures that businesses can access the funds they are owed when they need them, allowing for data-driven decisions at any hour.

In addition to the transformative partnership between Sila and Trice, businesses can look forward to a significant boost in their real-time payment capabilities through integration with FedNow and The Clearing House’s RTP (Real-Time Payments) network.

The inclusion of FedNow and RTP enhances the partnership’s ability to facilitate secure, instantaneous, and seamless fund transfers, ensuring businesses have a wide array of tools at their disposal to cater to their specific needs and preferences. This strategic alignment positions Sila and Trice as leaders in the real-time payments space, offering businesses an unprecedented level of choice and convenience in their financial operations.

Sila and Trice share a common vision of providing businesses with an exceptional experience when it comes to moving money efficiently and securely. The partnership will strengthen this commitment by leveraging Sila’s expertise in fintech solutions and Trice’s advanced payments platform.

“We are excited to join forces with Trice to drive innovation with real-time payments for businesses,” said Shamir Karkal, Co-Founder and Chief Strategy Officer at Sila. “This partnership reflects our dedication to simplifying financial transactions and making money movement more accessible, reliable, and cost-effective for businesses of all sizes.”

Shamir Karkal added, “Trice’s innovative instant payment solutions align perfectly with our mission, and together, we aim to set new industry standards for secure and efficient money transfer services.”

“We are thrilled to work with the team at Sila who continues to prove they are a staple in the modern banking ecosystem. With new faster payment systems becoming available, Sila is currently in a great position to create excellent payment experiences to surprise and delight their customers. Together with Sila, we’re excited to bring these groundbreaking solutions to businesses and financial institutions, further enhancing the financial ecosystem with the promise of smarter, faster, and more secure money movement.”, commented Doug Yeager, Co-Founder and CEO at Trice.

For more information about Sila please visit www.silamoney.com and Trice, please visit www.trice.co

About Sila:

Sila is a leading fintech company dedicated to simplifying and improving the way businesses handle their financial transactions. Sila’s powerful API infrastructure and innovative financial tools empower businesses to leverage secure and compliant financial services, allowing them to focus on growth and success.

About Trice:

Trice is a cutting-edge instant payments platform designed to revolutionize the way businesses and their banks move money. Offering intelligent, fast, secure, and cost-effective money transfer solutions, Trice’s innovative approach to real-time payments ensures 24/7/365 availability, empowering businesses to receive expected funds at their convenience.

Media Contact
Jesse Locke, Sila Inc, 1 6472507242, jesse.locke@silamoney.com, https://www.silamoney.com/

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Axiado and GIGABYTE Partner to Elevate Platform Security for GIGABYTE’s Nvidia MGX Server Platforms

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Collaboration to be Showcased at the OCP Global Summit 2024 with Live Demos of Axiado’s Security Module on GIGABYTE’s Nvidia MGX Servers

SAN JOSE, Calif., Oct. 10, 2024 /PRNewswire/ — 2024 OCP Global Summit Axiado Corporation, a leading AI-driven, hardware-anchored platform security solutions company, and Giga Computing, a subsidiary of GIGABYTE and an industry leader in generative AI servers and advanced cooling technologies, today announced their collaboration to deliver enhanced platform security solutions for GIGABYTE’s MGX server platforms. Axiado and GIGABYTE will showcase live demonstrations of these solutions at the 2024 OCP Global Summit in San Jose, providing attendees with a first-hand look at how they are shaping the future of platform security.

The partnership integrates Axiado’s Trusted Control/Compute Unit (TCU) with GIGABYTE’s latest Arm-based XH23-VG0 and Intel-powered XL44-SX0 MGX servers, creating a fortified, hardware-anchored cybersecurity solution featuring integrated baseboard management controller (BMC), root of trust (RoT), and trusted platform module (TPM) capabilities.

“The integration of Axiado’s AI-driven TCU with GIGABYTE’s advanced MGX server platforms delivers an unprecedented level of platform security designed to meet the demands of modern data centers,” said Gopi Sirineni, President and CEO of Axiado. “By embedding critical security components such as BMC, RoT, and TPM directly into the server infrastructure, we are ensuring that our joint solution is ready to tackle today’s most pressing cybersecurity threats while optimizing performance for hyperscale environments.”

Key Collaboration Highlights at the 2024 OCP Global Summit

Enhanced Security with BMC, RoT, and TPM Integration – GIGABYTE’s latest XH23-VG0 and XL44-SX0 servers, based on Arm and Intel Xeon 6 architectures respectively, will feature Axiado’s TCU, a comprehensive hardware security solution. The TCU integrates BMC, RoT, and TPM capabilities, providing real-time threat detection, preemptive attack mitigation, and comprehensive platform security for data center and enterprise applications.

Demonstrating Advanced MGX Server Security – Axiado and GIGABYTE will demonstrate the installation and deployment of Axiado’s security module on two MGX server platforms—the XH23-VG0-AAJ1 Arm server and the XL44-SX0 4U 2S Intel Xeon MGX server. This demonstration will showcase the scalability and flexibility of GIGABYTE’s MGX systems combined with Axiado’s AI-enhanced cybersecurity to deliver high-performance, secure computing platforms for cloud service providers and enterprise data centers.

Future-Proof, Modular Server Architecture – The partnership underscores GIGABYTE’s commitment to delivering future-proof, modular server designs that align with OCP standards and offer enhanced security, performance, and flexibility. By integrating Axiado’s TCU technology, these server platforms provide energy-efficient and secure cloud environments, positioning GIGABYTE and Axiado at the forefront of the secure data center landscape.

“Partnering with Axiado enables us to provide our customers with an innovative, hardware-anchored cybersecurity solution that is deeply embedded in our latest MGX server platforms,” said Andy Chen, Senior Vice President of Giga Computing. “This collaboration enables GIGABYTE to address the growing concerns around platform security while continuing to offer cutting-edge server technologies that scale for the future of cloud and enterprise computing.”

Availability
Axiado’s AX3000 and AX2000 TCUs as well as OCP DC-SCM 2.0 Compliant Axiado SCM3002 and Axiado SCM3003 are available now for purchase. Please contact Axiado for samples and pricing.

OCP Global Summit 2024 Demonstration
During the 2024 OCP Global Summit, Axiado and GIGABYTE will host live demonstrations of Axiado’s TCU installed on GIGABYTE’s XH23-VG0 and XL44-SX0 servers. The demonstrations will highlight how AI-driven threat detection, BMC, RoT, and TPM integration, and real-time mitigation work together to provide robust security and enhanced performance for next-generation data centers. Summit attendees are invited to explore the capabilities of these advanced platforms at Axiado’s booth #C49 at the 2024 OCP event.

About Axiado
Axiado Corporation is an AI-driven platform security solutions company focused on protecting cloud data centers, 5G networks, and critical infrastructure against ransomware, supply chain, side-channel, and other cyberattacks. Axiado’s Trusted Control/Compute Unit (TCU) delivers real-time, pre-emptive threat detection and platform security, while its Dynamic Thermal Management (DTM) solution reduces energy consumption and operational costs in data centers, advancing the goal of carbon-net zero emissions. For more information, visit axiado.com or follow us on LinkedIn.

About Giga Computing
Giga Computing Technology is an industry innovator and leader in the enterprise computing market. Having spun off from GIGABYTE, we maintain hardware expertise in manufacturing and product design, while operating as a standalone business that can drive more investment into core competencies. We offer a complete GIGABYTE product portfolio that addresses all workloads from the data center to edge including traditional and emerging workloads in HPC and AI to data analytics, 5G/edge, cloud computing, and more. Our longstanding partnerships with key technology leaders ensure that our new products will be the most advanced and they will launch with new partner platforms. Our systems embody performance, security, scalability, and sustainability. To find out more, visit https://www.gigacomputing.com/en/ and join our newsletter.

View original content to download multimedia:https://www.prnewswire.com/news-releases/axiado-and-gigabyte-partner-to-elevate-platform-security-for-gigabytes-nvidia-mgx-server-platforms-302273483.html

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Arta Finance launches globally via Singapore, unveils Arta AI Copilot, and announces Wealth-as-a-Service for banks

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MAS-licensed Arta launches in Singapore and internationallyArta unveils Arta AI Copilot – a number of AI-enhanced experiences on its wealth platformArta announces partnerships with Wio Invest, Google Cloud, and Capco for its Wealth-as-a-service offering for banks and financial institutions globallyArta welcomes Ralph Hamers as external advisor

SINGAPORE, Oct. 10, 2024 /CNW/ — Fast-growing digital wealth management platform Arta Finance today launched globally. Arta’s platform is now open to accredited investors in Singapore and to international investors open to managing their wealth in Singapore – a global wealth hub where an expected 1.6 million non-Singaporeans are expected to manage $4.8 trillion in assets by 2028. The international launch comes after Arta’s successful debut in the US in October 2023, where it has since grown to manage hundreds of millions in assets for thousands of clients.

Arta’s wealth platform offers a curated deal flow that includes private investments from exclusive fund managers, intelligent public market strategies, and innovative structured products, without the sales pressure, opaque pricing and manual processes found in many other financial institutions. Arta’s designed-in-Singapore product has various unique features, including support for philanthropic giving in partnership with Co-Axis – a Temasek Trust initiative, a Founding Member community, and even a Singlish setting in its AI Copilot.

Arta also launched the first-of-its-kind AI Copilot, purpose-built for wealth management and finance. This patent-pending technology, rolling out progressively to members will empower them to make smarter investment decisions – ideate, analyse, and monitor their portfolios with the tools and insights that usually require large teams of relationship managers, private bankers, and investment analysts.

Unlike commonly available AI chatbots or apps, Arta’s AI systems are purpose-built for applications in wealth and finance and exploit the reasoning capabilities of the latest large language models. Arta’s AI stack employs several models that work in conjunction with each other – including commercially available closed source models, fine-tuned open source LLMs and several custom built AI/ML models created by Arta’s researchers. These models have access to high-quality public and proprietary data including large financial and risk data sets for training and inference. This enables Arta to combine the fluency of LLMs with the time sensitivity, hard mathematical rigour and explainability necessary for investment and financial applications. Its AI stack, like the rest of Arta’s infrastructure, is highly privacy-preserving and uses encryption at rest and in transit for all user data.

Singapore Minister of State for Trade and Industry and MAS board member, Alvin Tan was on hand to help launch Arta in the City State, alongside investors, fund managers, partners, and clients. The company has established key functions in Singapore including engineering, marketing, product, design and operations and a number of its global leads including its CEO are based in Singapore.

Commenting on the launch, Arta CEO Caesar Sengupta said: “Arta is at the intersection of some powerful trends, including the personalisation and democratisation of wealth management, the huge growth and opportunity in private market investing, and the use of AI to create capabilities that have previously only been the preserve of the ultra-wealthy. We are now taking a major leap forward with our global launch and can’t wait to bring the Arta wealth platform and AI Copilot to the global community in the months and years ahead.”

Wealth-as-a-service launched with Wio, Google Cloud and CapCo tie ups

Arta today also took a major step on its B2B journey with the announcement that Abu Dhabi’s Wio Invest would be the first of many financial institutions to integrate the Arta wealth-as-a-service platform into Wio’s industry leading digital investment platform, to create a new wealth management offering for its clients in the Middle East, pending regulatory approval.

The ‘wealth-as-a-service’ platform for banks is a new B2B offering by Arta. It was done with support from the venture building team of the Singapore Economic Development Board (EDB), which worked closely with Arta to incubate this offering during the early stages of the concept. This cloud-based platform empowers partner banks to serve their clients better and meet evolving demands with faster time-to-market for innovative wealth management products, services, and technology. Banks can choose from integrating Arta AI Copilot capabilities, to embedding Arta’s investment solutions into their platforms, to fully white-labelling the Arta platform — enhancing their digital capabilities and unlocking growth in new wealth segments.

To help integrate a cloud and AI native wealth platform into legacy systems at partner banks, Arta is also announcing partnerships with Google Cloud and global management and technology consultancy Capco to provide solutions for banks looking to adopt Arta’s technology.

Amanda Ong, Singapore Country Director and Head of International Expansion commented: “Singapore is the natural home for Arta’s international business with its rising importance as Asia’s wealth hub. The launch of the B2B business is an extension of Arta’s mission, enabling us to partner with banks and financial institutions in a way that is wholly complementary to their current offering. We are proud to welcome Wio as our launch partner and look forward to growing together.”

Arta welcomes Ralph Hamers as external advisor

Arta also today welcomes Ralph Hamers as an external senior advisor, providing strategic guidance as the company grows internationally. Ralph Hamers is an advisor to established and new players in the global financial sector. He developed a special knowledge in digitalisation of processes and client offerings. Hamers previously was CEO with UBS and ING.

Commenting on his role as senior advisor to Arta, Mr Hamers said:

“A central focus of my leadership has been to take legacy businesses and digitalise, integrating front-to-back technology to drive efficiencies and make the lives of clients and colleagues easier. This often needs major and multi-year transformations in well-established organisations. With Arta, I see the enormous opportunity of having incredibly smart people from the worlds of technology and finance coming together to build a platform that is more than ready to take its place amongst the world’s leading wealth managers.”

Mr. Hamers becomes part of a distinguished group of early investors in Arta, which includes more than 140 technology and finance leaders, such as ex-Google CEO Eric Schmidt and Mastercard CEO Michael Miebach.

The Arta wealth platform is now available globally to all accredited investors on desktop and mobile. Early members will get their first investment up to $100K managed free for life by Arta (terms and conditions apply). To learn more about Arta, please visit artafinance.com

Important Disclosures
Arta Wealth Management Pte. Ltd. (“Arta”) is licensed by the Monetary Authority of Singapore (“MAS”) whose products and services are only available to Accredited Investors.

Investing in securities involves risk, and there is always the potential of losing money. Certain investments are not suitable for all investors. The content provided herein is for informational purposes only and is not investment or financial advice, tax or legal advice, an offer, solicitation of an offer, or advice to buy or sell or hold securities or investment products. This material has not been reviewed by the Monetary Authority of Singapore. For additional disclosures related to Arta Finance, please visit https://artafinance.com/global/disclosures.

About Arta Finance:
Founded by ex-Google executives, Arta Finance is a digital wealth platform for the savvy that enables more people to access the “financial superpowers” of the ultra-wealthy. The platform provides access to private market investments from elite fund managers, intelligent public market strategies and structured products, and sophisticated financial services such as insurance and estate planning. Headquartered in the US and Singapore, Arta serves its members directly as well as empowering partner financial institutions to expand wealth management to new clients. Arta is backed by Peak XV, Ribbit Capital, Coatue, EDBI, and over 140 luminaries in tech and finance.

Learn more at artafinance.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/arta-finance-launches-globally-via-singapore-unveils-arta-ai-copilot-and-announces-wealth-as-a-service-for-banks-302273349.html

SOURCE Arta Finance

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Arta Finance partners with Abu Dhabi’s Wio Invest to launch Wealth-as-a-Service for banks globally, unveils Arta AI Copilot

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MAS-licensed Arta Finance launches in Singapore and internationallyArta announces partnerships with Wio Invest for its Wealth-as-a-service offering for banks and financial institutions globallyArta unveils Arta AI Copilot – a number of AI-enhanced experiences on its wealth platformArta welcomes Ralph Hamers as external advisor

SINGAPORE, Oct. 11, 2024 /PRNewswire/ — Fast-growing digital wealth management platform Arta Finance today launched globally. Arta’s platform is now open to accredited investors in Singapore and to international investors open to managing their wealth in Singapore – a global wealth hub where an expected 1.6 million offshore investors are expected to manage $4.8 trillion in assets by 2028. The international launch follows Arta’s successful debut in the US in October 2023.

Arta today also took a major step on its B2B journey with the announcement that Abu Dhabi’s Wio Invest would be the first of many to integrate the Arta wealth-as-a-service platform into their digital platform, to create a new wealth management offering for its clients in the Middle East, pending regulatory approval. Wio Invest, a forward-thinking Middle Eastern fintech, is regulated by the Securities and Commodities Authority (SCA) and backed by Abu Dhabi Development Company (ADQ), a prominent institution.

Arta’s wealth platform offers a curated deal flow that includes private investments from exclusive fund managers, intelligent public market strategies, and innovative structured products, without the sales pressure, opaque pricing and manual processes found in many other financial institutions.

Commenting on the international launch, Arta CEO Caesar Sengupta said: “Arta is at the intersection of some powerful trends, including the personalisation and democratisation of wealth management, the huge growth and opportunity in private market investing, and the use of AI to create capabilities that have previously only been the preserve of the ultra-wealthy. We are now taking a major leap forward with our international launch and can’t wait to bring the Arta wealth platform and AI Copilot to the global community in the months and years ahead.”

The ‘wealth-as-a-service’ platform for banks and financial institutions is a new B2B offering by Arta. It was done with support from the venture building team of the Singapore Economic Development Board (EDB), which worked closely with Arta to incubate this offering during the early stages of the concept. This cloud-based platform empowers partner banks to serve their clients better and meet evolving demands with faster time-to-market for innovative wealth management products, services, and technology. Banks can choose from integrating Arta AI Copilot capabilities, to embedding Arta’s investment solutions into their platforms, to fully white-labelling the Arta platform — enhancing their digital capabilities and unlocking growth in new wealth segments.

To help integrate a cloud and AI-native wealth platform into legacy systems at partner banks, Arta is also announcing partnerships with leading cloud provider Google Cloud and global management and technology consultancy Capco to provide solutions for banks looking to adopt Arta’s technology.

Amanda Ong, Head of International Expansion commented: “The launch of the B2B business is an extension of Arta’s mission, enabling us to partner with banks and financial institutions in a way that is wholly complementary to their current offering. We are proud to welcome Wio as our launch partner and look forward to growing together.”

AI drives leap in wealth tech

Arta also launched the first-of-its-kind AI Copilot, purpose-built for wealth management and finance. This patent-pending technology empowers Arta’s members to make smarter investment decisions – ideate, analyse, and monitor their portfolios with the tools and insights that usually require large teams of relationship managers, private bankers, and investment analysts.

Unlike commonly available AI chatbots or apps, Arta’s AI systems are purpose-built for applications in wealth and finance and exploit the reasoning capabilities of the latest large language models. Arta’s AI stack employs several models that work in conjunction with each other – including commercially available closed source models, fine-tuned open source LLMs and several custom built AI/ML models created by Arta’s researchers. These models have access to high-quality public and proprietary data including large financial and risk data sets for training and inference. This enables Arta to combine the fluency of LLMs with the time sensitivity, hard mathematical rigour and explainability necessary for investment and financial applications. Its AI stack, like the rest of Arta’s infrastructure, is highly privacy-preserving and uses encryption at rest and in transit for all user data.

Singapore Minister of State for Trade and Industry and MAS board member, Alvin Tan was on hand to help launch Arta in the City State, alongside investors, fund managers, partners, and clients. The company has established key functions in Singapore including engineering, marketing, product, design and operations and a number of its global leads including its CEO are based in Singapore.

Arta welcomes Ralph Hamers as external advisor

Arta also today welcomes Ralph Hamers as an external senior advisor, providing strategic guidance as the company grows internationally. Ralph Hamers is an advisor to established and new players in the global financial sector. He developed a special knowledge in digitalisation of processes and client offerings. Hamers previously was CEO with UBS and ING

Commenting on his role as senior advisor to Arta, Mr Hamers said:

“A central focus of my leadership has been to take legacy businesses and digitalise, integrating front-to-back technology to drive efficiencies and make the lives of clients and colleagues easier. This often needs major and multi-year transformations in well-established organisations. With Arta, I see the enormous opportunity of having incredibly smart people from the worlds of technology and finance coming together to build a platform that is more than ready to take its place amongst the world’s leading wealth managers.”

Mr. Hamers becomes part of a distinguished group of early investors in Arta, which includes more than 140 technology and finance leaders, such as ex-Google CEO Eric Schmidt and Mastercard CEO Michael Miebach.

The Arta wealth platform is now available globally to all accredited investors on desktop and mobile. Early members will get their first investment up to $100K managed free for life by Arta (terms and conditions apply). To learn more about Arta, please visit artafinance.com.

Important Disclosures
Arta Wealth Management Pte. Ltd. (“Arta Finance”) is licensed by the Monetary Authority of Singapore (“MAS”) whose products and services are only available to Accredited Investors.

Investing in securities involves risk, and there is always the potential of losing money. Certain investments are not suitable for all investors. The content provided herein is for informational purposes only and is not investment or financial advice, tax or legal advice, an offer, solicitation of an offer, or advice to buy or sell or hold securities or investment products. This material has not been reviewed by the Monetary Authority of Singapore. For additional disclosures related to Arta Finance, please visit https://artafinance.com/sg/disclosures.

About Arta Finance:
Founded by ex-Google executives, Arta Finance is a digital wealth platform for the savvy that enables more people to access the “financial superpowers” of the ultra-wealthy. The platform provides access to private market investments from elite fund managers, intelligent public market strategies and structured products, and sophisticated financial services such as insurance and estate planning. Headquartered in the US and Singapore, Arta serves its members directly as well as empowering partner financial institutions to expand wealth management to new clients. Arta is backed by Peak XV, Ribbit Capital, Coatue, EDBI, and over 140 luminaries in tech and finance.

Learn more at artafinance.com

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