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/C O R R E C T I O N — Seegene Inc./

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In the news release, Seegene Holds Partner Executive Roundtable with Microsoft, and Springer Nature, Accelerating its Technology-Sharing Initiative, issued 24-Oct-2024 by Seegene Inc. over PR Newswire, we are advised by the company that the second photo and its caption should be removed as originally issued inadvertently. The complete, corrected release follows:

Seegene Holds Partner Executive Roundtable with Microsoft, and Springer Nature, Accelerating its Technology-Sharing Initiative

–  The first tri-party executive roundtable was held in London to strengthen synergies for Seegene’s vision of creating ‘a world free from diseases’ 

–  Preliminary results of product development automation and statistical analysis of syndromic test results powered with Microsoft’s AI technology were showcased

–  Global experts and scientists participated in building a diagnostic product development eco-system utilizing Springer Nature’s scientific network

–  Companies fostered collaboration to drive collective impact towards next year’s ‘a world free from diseases’ declaration ceremony

SEOUL, South Korea, Oct. 24, 2024 /CNW/ — Seegene Inc., a leading South Korean company providing a total solution for PCR molecular diagnostics, held the first executive roundtable with Microsoft and Springer Nature to discuss advancing its technology-sharing initiative aimed at mitigating future pandemics and creating ‘a world free from diseases’, including the showcase of preliminary results from an automated diagnostic development system powered with Microsoft’s artificial intelligence (AI) technology. This is the first official event that the three companies gathered to discuss the initiative.

On October 23, the three companies convened at Springer Nature London Campus Auditorium for the technology-sharing initiative partner roundtable to share initial achievements and explore strategies for further collaboration. Dr. Jong-Yoon Chun, CEO and founder of Seegene; Marc Spenlé, chief operating officer of Springer Nature; Steven Inchcoombe, president of research at Springer Nature; and Elena Bonfiglioli, vice president of global business leader healthcare, pharma and life science at Microsoft attended the meeting.

“By integrating Seegene’s proprietary syndromic real-time PCR technology, Microsoft’s cutting-edge AI and cloud services, and Springer Nature’s extensive reach in the global scientific community, we will create new avenues for collaboration with scientists and experts in this technology-sharing initiative,” said Dr. Chun, CEO and founder of Seegene.

The technology-sharing initiative aims to globally share Seegene’s advanced diagnostic and data analysis technologies, including syndromic real-time PCR and an automated product development system (SGDDS), with a leading company partnered in each country. Partnering companies will collaborate with local scientists and experts to develop diagnostic tests tailored to the needs of their communities and fields, spanning a wide range of human and non-human diseases. Amidst the challenges of climate change and the anticipated rise in outbreaks, the initiative’s ultimate vision is to create ‘a world free from diseases’—a future where people no longer suffer from infectious diseases and cancer, and where animals and plants thrive without illness.

Seegene’s syndromic real-time PCR technology represents a breakthrough in molecular target detection, unparalleled by other PCR methods. It enables the simultaneous detection of up to 14 pathogens in a single reaction tube, with quantitative information for each target. Furthermore, multi-tube panel tests may be designed to cover an even more comprehensive set of pathogens with overlapping symptoms. As a powerful tool for mitigating the growing threat of multi-pandemics—exacerbated by climate change—Seegene’s technology enhances the ability to monitor and respond to a diverse range of rapidly evolving pathogens.

Companies participating in the technology-sharing initiative will gain access to Seegene’s cutting-edge technology and expertise, enabling them to develop and manufacture syndromic real-time PCR products tailored to their countries’ specific public health needs. Localization of such capabilities through this initiative will allow their communities to promptly respond to future outbreaks and multi-pathogen pandemics.

Building on the momentum achieved during this year’s roundtable, a declaration ceremony is expected to take place in the second half of next year, where strategies to maximize synergy amongst the three company’s technology will be further discussed.

At the meeting in London, Seegene and Microsoft showcased the preliminary results of integrating Microsoft’s Azure Open AI into the research planning module of Seegene’s automated product development system (SGDDS). The use of AI technology dramatically reduced the time needed to process and analyze relevant information from published scientific literature. Additionally, the two companies demonstrated a proof of concept for Seegene’s syndromic-based statistical analysis system that leverages Fabric, Microsoft’s AI-driven data integration platform, ultimately to discover statistical correlations between multiple pathogens causing similar symptoms, support accurate diagnosis and treatment, and predict future outbreaks.

“Until now, scientists and experts have been confined to limited local data, usually generated by themselves. However, access to diagnostic information shared across the world powered with Microsoft’s AI technology will enable swift response to any emerging diseases,” said Dr. Chun at Seegene.

“Seegene and Microsoft shared the vision of a new generation of diagnostic solutions, accessible at population level to help people stay healthier longer. Cloud and AI solutions help protect, manage and reason over the vast amounts of data needed to track diagnosis of global diseases in real time. Microsoft is the trusted partner to help realize Seegene’s vision of building ‘a world free from diseases,'” said Ms. Bonfiglioli from Microsoft.

In January 2024, Seegene and Microsoft entered a strategic collaboration to integrate Microsoft’s Azure Open AI services into numerous modules of Seegene’s SGDDS. The goal of these collaborative projects is to empower global companies participating in the technology-sharing initiative with a streamlined product development system augmented by advanced IT system operations and AI-powered data analysis.

Springer Nature was also present at the discussion. Since 2023, Seegene and Springer Nature have been running the Open Innovation Program (OIP) that invited scientists and experts around the world to participate in the development of clinically significant diagnostics assays. This year, the program was renewed by Springer Nature as the prestigious Nature Awards, MDx Impact Grants, calling for innovative proposals for PCR diagnostic assay development. Springer Nature will oversee key aspects of the process, including project submissions and evaluations, expecting to broaden interest and participation from the global scientific community.

In May 2024, the two companies signed a strategic alliance agreement that included expansion of the OIP program scope. Springer Nature will encourage the global scientific community to participate in the ideation, design, and development of new PCR diagnostic products.

“We have high expectations that the MDx Impact Grants will work synergistically with the technology-sharing initiative serving as a catalyst for greater adoption of PCR molecular diagnostics. Together we will build an ecosystem that promotes the development of accurate, rapid, accessible tests for underserved patient populations.” said Mr. Spenlé, the COO of Springer Nature.

An OIP Award ceremony was held, following the technology-sharing initiative partner roundtable to recognize the European winners. At the ceremony, eight scientists working in Europe among 17 awardees across the world were honored for their achievements. The awardees were as follows: Ulrich Eigner (Germany); Gian Maria Rossolini (Italy); Vismara Chiara Silvia (Italy); Davy Vanden Broeck (Belgium); Nicolas Yin (Belgium); Piet Cools (Belgium); Khoa Thai (Netherlands); Pedro Vieira-Baptista (Portugal).

Prof. Dame Jenny Harries, Chief Executive of the UK Health Security Agency (UKHSA), attended the event as a keynote speaker. During her visit to South Korea in March this year, Prof. Harries met with Dr. Chun at Seegene’s headquarters to discuss Seegene’s response and achievements during the COVID-19 pandemic, as well as to exchange views on its technology-sharing initiatives and the Open Innovation Program (OIP).

Companies participating in the technology-sharing initiative, such as Hy Laboratories Ltd. based in Israel and Werfen based in Spain, along with other business partners and bio-medical experts from Europe, attended the event to share the vision of the technology-sharing initiative.

About Seegene

Seegene has 24 years of dedicated experience in R&D, manufacturing, and business related to syndromic real-time PCR technologies. This expertise was particularly highlighted during the COVID-19 pandemic when Seegene provided over 340 million COVID-19 tests to more than 100 countries worldwide. The core feature of Seegene’s syndromic real-time PCR technology is the ability to simultaneously test for 14 pathogens that cause similar symptoms in a single tube with quantitative information.

Visit: Seegene.com and follow linkedin.com/company/seegene-inc

 

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SOURCE Seegene Inc.

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ValidiFI Collaboration with J.P. Morgan Payments will Enhance Secure Digital Transactions

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ALPHARETTA, Ga., Oct. 28, 2024 /PRNewswire/ — ValidiFI, Inc., a provider of predictive bank account and payment intelligence, and J.P. Morgan Payments today have announced a collaboration aimed at helping businesses across various industries validate bank accounts and conduct transactions with enhanced confidence and security.

“This will significantly enhance bank account coverage and the accuracy of real-time bank account validation.”

For organizations conducting digital transactions on the ACH network, having a reliable bank account verification service is essential in order to mitigate risk and help detect fraudulent transactions. By integrating J.P. Morgan Payments’ Validation Services into its powerful network, ValidiFI is now positioned to provide customers with expanded coverage and bank account insights through its vAccount+ solution. This collaboration helps ensure transaction security, empowering organizations to operate with greater confidence in their financial processes. The combined strength of ValidiFI’s network and J.P. Morgan Payments’ Validation Services delivers a solution that helps with reducing risk and optimizing digital transactions.

J.P. Morgan Payments’ Validation Services offers a suite of account and identity verification solutions, focused on helping to reduce fraud and financial crime at every stage of the commerce cycle, including account takeover, synthetic identity and business email compromise. With a suite of AI-powered Trust & Safety solutions, including Validation Services, J.P. Morgan Payments enables clients to send and receive payments with greater accuracy and security.

“We’re excited to integrate J.P. Morgan Payments’ Validation Services solutions into our bank account and payment intelligence platform. This will significantly enhance bank account coverage and the accuracy of real-time bank account validation to increase auto-approvals, reduce returns and payment issues, and accelerate business growth.” says John Gordon, CEO of ValidiFI.

Fraud prevention continues to be a top priority across the industry, and we’re committed to leverage technology along with our trusted network to help clients mitigate fraudulent activities,” says Ryan Schmiedl, head of Embedded Payments & Trust & Safety at J.P. Morgan Payments. “Collaborating with ValidiFI is another way we’re empowering clients through friction-free and highly reliable account validation capabilities to counter fraud and help protect their business.”

J.P. Morgan Payments combines treasury services, trade & working capital, card and merchant services capabilities to help clients pay customers or employees, in different currencies, around the world. It processes nearly $10 trillion payments daily, opera ting in over 160 countries and over 120 currencies.

To learn more about ValidiFI’s predictive bank account and payment intelligence, click here.

About ValidiFI

ValidiFI is the leading provider of predictive bank account and payment intelligence. Leveraging the Omni Platform, ValidiFI empowers organizations and financial institutions with actionable insights to help validate bank accounts, detect fraud, and assess credit risk. By analyzing the intricate connections between bank accounts, consumers, and payment performance, ValidiFI offers a more comprehensive view. ValidiFI serves as a trusted partner, unlocking the power of predictive bank account and payment intelligence through credentialled and non-credentialled solutions, enabling more confident transactions. For more information, visit validifi.com.

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SOURCE ValidiFI

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Genpact Recognized as a Leader in Finance and Accounting Outsourcing in the 2024 Everest Group PEAK Matrix® Assessment

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Genpact’s F&A expertise and global reach drive transformation for enterprise clients worldwide

NEW YORK, Oct. 28, 2024  /PRNewswire/ — Genpact (NYSE: G), a global professional services and solutions firm delivering outcomes that shape the future, today announced that it has been named a Leader for the thirteenth consecutive year in the 2024 Everest Group Finance and Accounting Outsourcing (FAO) PEAK Matrix® Assessment. This recognition underscores Genpact’s deep finance and accounting (F&A) expertise, coupled with its innovative use of data, technology, and AI to deliver end-to-end finance transformations that create competitive advantages for enterprises globally.

“Modernizing the finance function by turning massive amounts of data into actionable insights is key to driving growth and competitiveness,” said Riju Vashisht, Chief Growth Officer, Genpact. “Our ongoing investment in advanced technologies helps our enterprise clients innovate and harness the power of data and AI to drive business value today and shape the future of the ever-evolving finance function.”

Everest Group evaluated 33 global FAO providers through its rigorous annual RFI process, client references, and market analysis. Leaders are distinguished by their superior technology capabilities, innovative engagement models, ongoing investment in F&A capabilities, and operational scale to meet diverse client needs.

“Genpact has further strengthened its capabilities in upstream processes such as enterprise risk management and FP&A, as well as its transformation advisory capabilities, to support clients in end-to-end finance transformation,” said Vignesh Kannan, Vice President, Everest Group. “A significant investment in generative AI, focused investments in tools and platforms, an outcome-oriented approach, and good client satisfaction ratings have solidified Genpact’s position as a Leader in Everest Group’s 2024 Finance and Accounting Outsourcing (FAO) Services PEAK Matrix® Assessment.”

Genpact’s Leader ranking reflects its ability to:

Combine deep F&A expertise with data, technology, and AI capabilities to deliver value-based solutions that meet each client’s specific requirements.Empower clients to reimagine F&A with an applied AI lens to drive transformational business outcomes.Offer industry-specific solutions with embedded consulting capabilities to deliver F&A and digital transformation services.Offer end-to-end Environmental, Social, and Governance (ESG) services, including ESG reporting, data management, controls, and carbon accounting.

Genpact integrates Enterprise Risk and Compliance (ERC) services with F&A to deliver comprehensive solutions including, controls transformation, Sarbanes-Oxley Act (SOX) compliance, internal audit, audit analytics, regulatory compliance, and value-added tax (VAT) recovery. The company continues to invest in advanced technologies, launching a generative AI Center of Excellence and AI innovation centers to co-create solutions with clients for anomaly detection, vendor inquiry resolution, and information summarization.

For more information on Genpact’s finance and accounting services, visit: https://www.genpact.com/services/finance-and-accounting 

About Genpact

Genpact (NYSE: G) is a global professional services and solutions firm delivering outcomes that shape the future. Our 125,000+ people across 30+ countries are driven by our innate curiosity, entrepreneurial agility, and desire to create lasting value for clients. Powered by our purpose – the relentless pursuit of a world that works better for people – we serve and transform leading enterprises, including the Fortune Global 500, with our deep business and industry knowledge, digital operations services, and expertise in data, technology, and AI.

Get to know us at genpact.com and on LinkedInXYouTube, and Facebook

MEDIA CONTACT:

Geraldine Lim
Genpact Media Relations
+1-951-318-3494
geraldine.lim@genpact.com 

 

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Glia Unveils Workers’ Compensation Suite Solution Integration with Insurity at Excellence in Insurance

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Glia insurance leader Ryan Clissa keynotes the event, sharing actionable strategies for how insurers can unify interactions and effectively and responsibly leverage AI

NEW YORK, Oct. 28, 2024 /PRNewswire/ — Glia, the leader in customer interaction technology, today announced that it has expanded its partnership with Insurity, launching a new integration with Insurity’s Workers’ Comp Suite solution that enables insurers to more seamlessly interact with their agents and customers directly within the Insurity interface.

Insurity’s comprehensive workers’ comp suite integrates core systems, predictive analytics, premium audit and loss control solutions. With the Glia integration, insurers can now meet their agents and policyholders in their preferred channel whenever they need support—across underwriting, billing or claims. Glia’s ChannelLess® Architecture integrates phone and digital with AI-powered automation to make interactions with policyholders and agents more efficient.

This announcement comes during Insurity’s Excellence in Insurance event in Fernandina Beach, Fla., where over 300 experts from more than 115 leading insurance companies and MGAs have come together to network and share innovative ideas to propel P&C insurance forward. Ryan Clissa, Director of Insurance at Glia, is delivering a keynote address at the event, exploring how leading insurers are leveraging AI across phone and digital channels to boost frontline productivity, improve operational efficiencies and facilitate better experiences for customers and agents.

“As we continue to empower insurers to modernize their technology strategies and drive more efficiency across the business, expanding our successful partnership with Glia and launching this integration into our workers’ comp suite solution was the natural choice,” said Chris Lafond, Chief Executive Officer at Insurity. “Plus, we are excited to have Ryan Clissa take the stage at our annual event, sharing his expertise on how insurers can future-proof their service operations by transforming interactions. Glia is a leader in this space, and we look forward to our partnership’s continued success and momentum.”

“As Insurity helps workers’ comp carriers modernize their technology stack, the need to meet agents and customers where they are on screen and deliver a personalized, guided experience is growing,” said Clissa. “This integration empowers insurers to deliver a differentiated experience in the marketplace. I look forward to discussing the many ways AI and digital communication channels are redefining the insurance industry with this influential crowd, diving deep into tips and best practices for how to strengthen agent and customer relationships, streamline operations and reduce costs.”

About Glia
Glia is the leader and pioneer of Unified Interaction Management—redefining how companies interact with their customers. The Glia Interaction Platform unifies voice, digital customer service, and AI with a unique ChannelLess® architecture that eliminates data silos, dropped context, and frustration for customers and representatives. With Glia, companies can easily shift volume between channels, and customer connections can evolve naturally. Glia helps its customers harness the power of customer interactions to drive efficiency, loyalty, and revenue.

Glia has partnered with over 500 insurance companies, banks, credit unions, and other financial institutions worldwide to improve the customer experience and drive business results. Named a Deloitte Technology Fast 500™ company for a third year in a row and a Great Place to Work (with a 97% employee satisfaction rating), the company has raised over $150 million in funding from top investors and was recently valued at over $1 Billion. Learn more at glia.com.

About Insurity

Insurity is a leading provider of cloud-based software for insurance carriers, brokers, and MGAs. Insurity is trusted by 22 of the top 25 P&C carriers and 7 of the top 10 MGAs in the US and has over 400 cloud-based deployments. Through its best-in-class digital platform, unrivaled industry experience, and the industry’s most robust analytics offerings, Insurity is uniquely positioned to deliver exceptional value, empowering customers to focus on their core businesses, optimize their operations, and provide superior policyholder experiences. Insurity is a portfolio company of GI Partners and TA Associates. For more information, visit www.insurity.com.

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