Technology

DrumWave Unveils Data Savings Account and the dWallet® at Money20/20 USA

Published

2 months ago

October 29, 2024

Silicon Valley challenger breaks decades of separation between companies, consumers, and the value of their data

LAS VEGAS and MOUNTAIN VIEW, Calif., Oct. 29, 2024 /PRNewswire-PRWeb/ — DrumWave today launched the Data Savings Account and the dWallet platform, two groundbreaking solutions to enable companies and consumers to save, exchange, and even use data as collateral. The company is ready to unlock a new world of products and services enriched with data as a value-added benefit.

DrumWave today launched the Data Savings Account and the dWallet® platform, two groundbreaking solutions to enable companies and consumers to save, exchange, and even use data as collateral. We are all data-poor and need to become data-rich,” said André Vellozo, DrumWave CEO and founder.

Every day, the world produces more than 402 million terabytes of data—separated from its rightful owners and monetized across the globe, driving massive profits for companies. This issue is again in the spotlight as governments run to establish data ownership laws and seek ways to ensure individuals are compensated for companies using their data, particularly in training AI.

Now, with DrumWave’s Data Savings Account, individuals and companies can effortlessly contribute data and begin accumulating wealth from the data they generate daily, marking a new era where data potential can be transformed into a tangible asset with monetary value. Additionally, businesses that join the dWallet platform to offer products and services may contribute or exchange data with other companies or make offers to others for the data they own.

“It’s all about autonomy. Today, our money is in the bank, and our data is in the cloud. We control our money, deciding when and how to use it. But with data, we’re powerless—it’s held in someone else’s cloud, where others profit from it, sometimes even against our interests. We are all data-poor and need to become data-rich,” said André Vellozo, CEO and founder of DrumWave.

DrumWave’s announcement fits perfectly into the 2024 show theme, which is Human X Machine: “Humans and our increasingly intelligent machine counterparts are combining to create a whole new world. We must prepare to witness a metamorphosis, where the interplay of consumer and business interactions ascend to new heights, refining not only what we experience, but how we experience it.”

Brittany Kaiser, DrumWave’s new Chief Evangelist, said: “For years, I’ve been saying that the most valuable asset in the world, our data, has been harvested, collected, modeled, and monetized — just to sell products to us — but nobody has come up with a solution to address the root of the problem yet. With the dWallet platform, a visionary solution now exists to bring all the players in the ecosystem together in a way that fundamentally respects data ownership.”

The Data Economy and Business Opportunity

U.S. consumers spend about $3,300 annually per person on devices, internet, mobile plans, and streaming services. The global data monetization market, valued at $3.4 billion in 2023, is projected to grow at 25.8 percent CAGR through 2030. However, consumers are unable to profit from the value of the data they generate.

DrumWave’s technology fixes this imbalance by enabling businesses and consumers to unlock the value of interconnected data. Companies can engage previously unreachable, highly specific audiences and create new data monetization opportunities. Consumers, in turn, finally gain control of their data and a share of the value it generates.

“By partnering with DrumWave, companies can now join and help grow a new data ecosystem, attracting consumers who increasingly value data ownership,” said Germán Scipioni, Chief Product Officer at DrumWave. “Businesses will gain a triple advantage: offering value-added products and services, attracting the next generation of data-savvy users, and creating new revenue streams.”

The Technology behind Data Ownership

DrumWave’s Data Savings Accounts are powered by a cutting-edge platform that addresses the complexities of modern data ownership. This platform solves data rights, permissions, and structural inconsistencies across datasets worldwide. It addresses critical issues like data sovereignty, fragmentation, custody and hosting, and valuation.

“Most platforms struggle with data integrity and provenance, but DrumWave establishes a new standard for data management,” said Laura Bermudez, CTO at DrumWave. “We validate data authenticity while providing unprecedented ways to combine data from multiple sources and industries.”

Built on an open, cloud-based platform, DrumWave’s system enables seamless integration for data agents and developers. This architecture supports diverse applications and use cases while data remains secure and with controlled access in its original location.

“Our platform transforms data from a cost center into a profit center – while maintaining the highest standards of protection,” said Bermudez. “After five years of development, backed by multiple DrumWave tech patents, we’re unlocking new value from data for everyone.”

About DrumWave

DrumWave Inc. is a high-tech disruptor headquartered at the historical 2465 Latham Street in Mountain View, CA — formerly the offices of the iconic General Magic. Using the “full-stack startup” approach, it’s building an end-to-end product to enable companies and consumers to own, exchange, and monetize data.

This isn’t just a technological advancement— DrumWave is ushering in a new era for how data is valued, owned, and used. With DrumWave’s Data Savings Account and dWallet® platform, the company is ready to unlock a new world of products and services enriched with data as a value-added benefit for companies and consumers. For more information, visit https://drumwave.com/

Media Contact:
Chris Knight
U.S. PR Director, DrumWave
cknight@drumwave.com
(415) 786-9226 (WhatsApp)

Media Contact

Chris Knight, DrumWave Inc., 1 4157869226, cknight@drumwave.com, https://drumwave.com/

View original content to download multimedia:https://www.prweb.com/releases/drumwave-unveils-data-savings-account-and-the-dwallet-at-money2020-usa-302288269.html

SOURCE DrumWave Inc.

Technology

Stora Enso Oyj: Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (25 December 2024)

Published

33 minutes ago

December 27, 2024

STORA ENSO OYJ STOCK EXCHANGE RELEASE 27 December 2024 at 09:00 EET

HELSINKI, Dec. 27, 2024 /PRNewswire/ — Stora Enso Oyj received a notification pursuant to chapter 9, section 5 of the Securities Market Act from BlackRock, Inc on 27 December 2024.

On 25 December 2024, BlackRock’s holding in Stora Enso’s shares decreased below the 5 percent threshold.

% of shares and voting rights (total of 7.A)

% of shares and voting rights through financial instruments (total of 7.B)

Total of both in % (7.A + 7.B)

Resulting situation on the date on which threshold was crossed or reached

4.76% shares

Below 5% voting rights

0.27% shares

Below 5% voting rights

5.04% shares

Below 5% voting rights

Position of previous notification (if applicable)

Below 5% shares

Below 5% voting rights

Below 5% shares

Below 5% voting rights

Below 5% shares

Below 5% voting rights

A: Shares and voting rights

Class/type of shares

ISIN code (if possible)

Number of shares and voting rights

% of shares and voting rights

Direct

(SMA 9:5)

Indirect

(SMA 9:6 and 9:7)

Direct

(SMA 9:5)

Indirect

(SMA 9:6 and 9:7)

FI0009005961

37,609,170 shares

Below 5% voting rights

4.76% shares Below 5% voting rights

SUBTOTAL A

37,609,170 shares

Below 5% voting rights

4.76% shares

Below 5% voting rights

B: Financial Instruments according to SMA 9:6a

Type of financial instrument

Expiration date

Exercise/Conversion Period

Physical or cash settlement

Number of shares and voting rights

% of shares and voting rights

American Depositary Receipt (US86210M1062)

N/A

Physical

596,930 shares

Below 5% voting rights

0.07% shares

Below 5% voting rights

Securites lent

N7A

N/A

Physical

1,036,720 shares

Below 5% voting rights

0.13% shares

Below 5% voting rights

CFD

N/A

Cash

563,510 shares

Below 5% voting rights

0.07% shares

Below 5% voting rights

SUBTOTAL B

2,197,160 shares

Below 5% voting rights

0.27% shares

Below 5% voting rights

Stora Enso has two series of shares. Each A share and every ten R shares carry one vote. Stora Enso has 175,664,079 A shares and 612,955,908 R shares in issue. The Company does not hold its own shares. The total number of Stora Enso shares is 788,619,987 and the total number votes at least 236,959,669.

Investor enquiries:
Anna-Lena Åström
SVP Investor Relations
tel. +46 70 210 7691

Stora Enso

Part of the global bioeconomy, Stora Enso is a leading provider of renewable products in packaging, biomaterials and wooden construction, and one of the largest private forest owners in the world. We create value with our low-carbon and recyclable fiber-based products, through which we support our customers in meeting the demand for renewable sustainable products. Stora Enso has approximately 20,000 employees and our sales in 2023 were EUR 9.4 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded in OTC Markets (OTCQX) in the USA as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF). storaenso.com/investors

STORA ENSO OYJ

Investor enquiries:
Anna-Lena Åström
SVP Investor Relations
tel. +46 70 210 7691

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/stora-enso-oyj/r/stora-enso-oyj–notification-of-change-in-holdings-according-to-chapter-9–section-10-of-the-finnish,c4086606

The following files are available for download:

https://mb.cision.com/Main/13589/4086606/3189711.pdf

STORA ENSO Class R_2024-12-25_Issuer

View original content:https://www.prnewswire.com/news-releases/stora-enso-oyj-notification-of-change-in-holdings-according-to-chapter-9-section-10-of-the-finnish-securities-markets-act-25-december-2024-302339535.html

SOURCE Stora Enso Oyj

Technology

Truecaller continues strong growth, surpasses 400 million Android users

Published

33 minutes ago

December 27, 2024

STOCKHOLM, Dec. 27, 2024 /PRNewswire/ — Truecaller, the leading global platform for verifying contacts and blocking unwanted communication, reached another important milestone on 24th of December, when the number of monthly active users (MAU) on the operating system Android surpassed 400 million. Truecaller continues to grow rapidly in many geographic markets and the total user base has grown with more than 57 million users during 2024 and has now surpassed 433 million users in total.

“Truecaller’s strong commitment to help businesses and individuals communicate better through both calls and messages, continues to grow. Our geographical footprint is growing each day, and the development in our targeted growth markets is strong. We’re thrilled at achieving this milestone and we look forward to serving the next 400 million Android users,” says Rishit Jhunjuhnwala, Chief Product Officer and incoming CEO of Truecaller.

The growth in India continues to be strong with a growth of approximately 37 million users in but the relative growth in other parts of the world is stronger with a growth of 20 million users during 2024.

Truecaller will continue to report the average number of monthly and daily users on a quarterly basis in connection with interim reports.

For more information, please contact:
Andreas Frid, Head of IR & Communication
+46 705 29 08 00
andreas.frid@truecaller.com

About Truecaller:

Truecaller (TRUE B) is the leading global platform for verifying contacts and blocking unwanted communication. We enable safe and relevant conversations between people and make it efficient for businesses to connect with consumers. Fraud and unwanted communication are endemic to digital economies. especially in emerging markets. We are on a mission to build trust in communication. Truecaller is an essential part of everyday communication for more than 433 million active users. Truecaller is listed on Nasdaq Stockholm since 8 October 2021. For more information. please visit corporate.truecaller.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/truecaller-ab/r/truecaller-continues-strong-growth–surpasses-400-million-android-users,c4086573

The following files are available for download:

https://mb.cision.com/Main/20429/4086573/3189667.pdf

400m MAU Android 241227

View original content:https://www.prnewswire.com/news-releases/truecaller-continues-strong-growth-surpasses-400-million-android-users-302339536.html

SOURCE Truecaller AB

Technology

Xinhua Silk Road: Conference on deepening financial openness and co-op in Northeast Asia held in NE. China’s Shenyang

Published

33 minutes ago

December 27, 2024

BEIJING, Dec. 27, 2024 /PRNewswire/ — The 2nd Northeast Asia Finance Conference and 2024 “Revitalizing Liaoning with Finance” Excellent Cases Release kicked off on Tuesday in Shenyang, capital of northeast China’s Liaoning Province, aiming to further deepen financial openness and cooperation in the Northeast Asian region and advance construction of a regional financial center.

The main forum held a series of activities, including an opening ceremony, two round-table dialogues on “finance + biomedical industry” and “finance + cultural industry”, a symposium for foreign financial institutions, a seminar on innovative development of financial clusters, a forum on development of technology and finance, a forum on industrial low-carbon transformation and financial innovation, as well as an enterprise project roadshow and industry-finance matchmaking event.

During the conference themed on “accelerating the construction of a regional financial center in Northeast Asia and creating a new highland for opening up”, excellent cases of revitalizing Liaoning through finance in 2024 were unveiled and the index for core areas of regional financial centers in northeast China was released.

The conference also held an unveiling ceremony for the upgrading of the Shenyang finance and trade development zone to a national-level development zone, and a launch ceremony of a platform for Shenyang industrial insights and decision analysis.

The conference was co-hosted by China Economic Information Service, Liaoning Branch of Xinhua News Agency, Shenhe District People’s Government, Shenyang local financial administration under guidance of Shenyang Municipal People’s Government and Liaoning local financial supervision and administration bureau.

Original link: https://en.imsilkroad.com/p/343777.html

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/xinhua-silk-road-conference-on-deepening-financial-openness-and-co-op-in-northeast-asia-held-in-ne-chinas-shenyang-302339540.html

SOURCE Xinhua Silk Road