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BridgeFT Wins 2024 Global Tech Award in the WealthTech Category

BridgeFT

BridgeFT, a cloud-native, API-first wealth infrastructure software company that enables financial institutions, fintech innovators, and registered investment advisors to deliver better, data-driven outcomes for their clients, announced today that it has been named a winner of the 2024 Global Tech Awards in the WealthTech category. BridgeFT’s distinction as the only winner in the WealthTech category is a testament to its commitment to accelerating, simplifying and reducing the cost of wealth management application development and maintenance, which empowers clients to focus on their differentiators. The Global Tech Awards recognizes outstanding achievements of tech organizations and professionals who are making an impact worldwide by creating and delivering innovative technologies that drive progress and shape the future of technology. The 2024 award program highlights 200 winners, including organizations and individuals, across 106 categories, evaluating entries based on four criteria: design, impact, creativity, and ease of use. “We are honored to receive the 2024 Global Tech Award alongside companies and individuals pushing the boundaries of innovation across numerous industries,” said BridgeFT Chief Executive Officer Joe Stensland. “At BridgeFT, we remain committed to being a true technology enabler for our clients, making it easier for them to gain access to critical total wealth data⸺whether from custodians, back offices, alternatives or held-away assets⸺to further enable differentiation and accelerate growth. This award serves as further validation that our modern, API-first WealthTech-as-a-Service platform is having an impact on the wealth management industry.” BridgeFT offers the industry’s first true, API-only WealthTech-as-a-Service platform, a purpose-built, WealthTech-specific data infrastructure and application development solution that enables wealth management firms to build apps faster and better. With BridgeFT’s WealthTech API platform, financial services firms and technology companies can build next-generation apps with direct access to the highest-quality total wealth data, advanced analytics and application building blocks needed to differentiate and scale. WealthTech API users experience a 50-75% quicker time to market and cost reduction when compared to internal builds or other outsourced data integration options. Over the last year, BridgeFT has earned numerous awards and accolades, including a Wealthies Award in 2023 from WealthManagement.com in the category of Industry Disruptors, multiple awards from the WealthTech Americas Awards, and Data Warehouse Solution Provider of the Year in the Data Breakthrough Awards. BridgeFT has further received nominations from prestigious outlets such as ThinkAdvisor Luminaries, InvestmentNews and U.S. FinTechAwards, among others. About BridgeFT BridgeFT is a cloud-native, API-first Wealth Infrastructure software company that enables financial institutions, FinTech innovators, TAMPs, and registered investment advisors to deliver better, data-driven outcomes for their clients. Leading financial services firms and technology companies trust BridgeFT to power their digital wealth management ecosystems and automate critical back-office operations—seamlessly aligning essential wealth data, proactive client insights and reporting, and portfolio management automation to deliver a truly personalized client experience. From an integrated advisor solution to the industry’s only WealthTech-as-a-Service platform offering open APIs, BridgeFT delivers the infrastructure needed to power next generation wealth management applications. For more information, visit bridgeft.com. Contact Details For BridgeFT Peter Page ppage@vocatusllc.com Company Website https://www.bridgeft.com/

November 04, 2024 08:15 AM Eastern Standard Time

MYBUNDLE BLACK FRIDAY INDUSTRY INITIATIVE DELIVERS STREAMING TV DEALS AND SPENDING POWER TO MILLIONS OF HOLIDAY SHOPPERS

MyBundle

MyBundle, the leading platform connecting consumers, streaming services and broadband providers with tools to simplify streaming television, shared details of a new Black Friday industry program. The program leverages MyBundle’s unique channel of big and small broadband provider partners around the country to give streaming services and their Black Friday deals unprecedented exposure and context. MyBundle partners with a growing network of more than 270 broadband providers that collectively serve more than 13.5 million internet customers. These customers look to their broadband providers for guidance on streaming TV services and often, free credits toward streaming TV bundled with their internet service. In turn, broadband providers look to MyBundle to provide marketing resources, expertise and a vehicle for providing those credits. The MyBundle Black Friday program capitalizes on these relationships with two key components. First, MyBundle will publish all Black Friday streaming deals the moment they go live at mybundle.tv/pages/black-friday, which instantly syndicates across the sites of the MyBundle broadband partner network. Second, MyBundle is giving those partners everything they need - from marketing materials to customer emails to a co-branded site where customers receive their MyBundle streaming payment cards - to offer their own Black Friday streaming TV promotions. For example, order internet service and get $100 in streaming credits to spend on Black Friday deals or upgrade your internet service and get $15/month for the next six months. “Consumers have long adopted Black Friday as the unofficial start of the holiday shopping period, and the streaming industry has jumped in with both feet. MyBundle believes it is the ideal time for folks to sign up for new services they have had their eyes on,” said MyBundle Co-Founder and CEO, Jason Cohen. “With this program, broadband providers get to leverage streaming deals to grow subscriber adds, upgrades and retention and to drive broadband revenue. Streamers get to leverage the broadband providers to get their deals in front of new customers. And customers get outstanding values on streaming deals, from a provider they trust, with subsidies to spend and a directory of where to spend it.” Streaming services that want to be promoted to this base of millions of subsidized streamers should send the details of their Black Friday offer, including discounts and effective dates to blackfriday@mybundle.tv. More information on MyBundle partnership opportunities for broadband providers can be found at mybundlepartners.com. More information on MyBundle partnership opportunities for streaming services can be found at mybundlepartners.com/streaming. More MyBundle Free Consumer Tools Find My Bundle is MyBundle’s free, easy-to-use personalized streaming TV recommendation engine that enables and streamlines the migration from traditional pay TV to streaming alternatives. Find My Bundle guides customers through a step-by-step process to specify all of their television needs, including live locals, news and sports, and then recommends the simplest, most affordable streaming alternative. The MyBundle mobile app was recently launched to help consumers build and maintain a list of movies and TV shows they want to watch, with synopses, ratings, trailers and “where to watch” all in one place. The new MyBundle NFL schedule provides listings information for every streaming television option of every game this regular season, organized by team. Further, any latest promotional deal for the respective streaming services will also be promoted on the MyBundle NFL schedule page. About MyBundle MyBundle is the industry-leading consumer and enterprise platform simplifying streaming TV. MyBundle’s free and easy-to-use tools help consumers discover and manage their streaming service subscriptions, watch free live TV, and find content to watch across their services. Now with more than 150 streaming services and partnering with more than 270 broadband providers serving more than 13.5 million customers and growing, the MyBundle platform helps consumers navigate the streaming video world. The MyBundle partner network creates new, symbiotic growth opportunities for programmers and high-speed data distributors alike by syndicating MyBundle’s educational and informational tools to prospective new customers. Contact Details Becker PR for MyBundle Eric Becker +1 303-638-3469 press@mybundle.tv Company Website https://mybundle.tv/

November 01, 2024 09:00 AM Eastern Daylight Time

The Tech Driving Rezolve Ai’s Mission To Transform Retail, And What Sets It Apart From The Pack

Benzinga

By Josh Enomoto, Benzinga As artificial intelligence continues to capture significant attention across industries, we are now witnessing companies like Rezolve Ai (NASDAQ: RZLV) pave a path for the commercialization of AI technologies. With a focus on revolutionizing retail interactions, Rezolve Ai believes it is poised to redefine the shopping experience through its innovative solutions, particularly in the emerging fields of Conversational AI and Conversational Commerce. Introducing BrainPowa: Rezolve AI's Cutting-Edge Language Model At the heart of Rezolve Ai’s offerings is BrainPowa, a proprietary large language model that integrates AI, machine learning and automation. This platform enhances customer engagement, streamlines checkout processes and delivers real-time, personalized shopping experiences. Designed for scalability, BrainPowa can be deployed across multiple cloud platforms, making it adaptable for businesses of all sizes. Tailored AI Solutions for Retail Rezolve Ai’s BrainPowa is specifically engineered for retail applications, addressing key consumer pain points and enhancing operational efficiency. The platform is divided into three core components, each designed to boost engagement and revenue: Brain Commerce; Offers personalized product recommendations and optimizes the shopping experience, ensuring customers find exactly what they need. Brain Checkout: Streamlines the payment process, reducing cart abandonment with features like one-click purchases and automated payment integrations. Brain Assistant: Provides real-time customer support with advanced conversational AI capabilities in 95 languages, enhancing the overall shopping experience. Rezolve Ai reports that it distinguishes itself in the crowded AI market by offering benefits on both the customer-facing and backend sides of retail operations. This dual approach ensures smooth interactions for both buyers and sellers. Recently, Rezolve Ai announced a strategic partnership with Microsoft (NASDAQ: MSFT) to integrate and commercialize the BrainPowa suite across Microsoft's marketplace, sales channels and Azure cloud infrastructure. Enhancing The Shopping Experience Brain Commerce and Brain Assistant work together to significantly improve the shopping experience. By leveraging predictive analytics, Rezolve Ai can assess customer behaviors to promote relevant product searches, increasing time spent on e-commerce platforms and boosting conversion rates. On the backend, Brain Checkout reduces friction in the checkout process with one-click purchases and automated payment integrations. This component also optimizes backend operations like inventory updates and order processing. With studies showing that nearly 70% of online shopping carts are abandoned, Rezolve Ai’s technology offers solutions to analyze customer behavior, predict abandonment triggers and implement personalized solutions to reduce cart abandonment. The Brains Behind BrainPowa Rezolve Ai’s success is driven by its leadership team, which includes experts in technology, software development and global marketing. CEO Daniel M. Wagner, a serial eCommerce innovator, leads the company alongside Chief Product Officer Souvik Banerjee, who brings over two decades of experience in technology and digital product development. CTO Dr. Salman Ahmed, with over 20 years of experience, rounds out the team, helping enable Rezolve Ai to capitalize on the growing AI market in e-commerce. Distinguishing Itself In A Competitive Market While generative AI models like OpenAI's ChatGPT offer mass data processing capabilities, Rezolve Ai’s BrainPowa is specifically tailored for retail and e-commerce. This focus allows Rezolve AI to provide more relevant and effective solutions for retailers, addressing inefficiencies and promoting additional purchasing opportunities. The company reports that unlike other AI solutions, BrainPowa offers full enterprise on-premise optionality, allowing it to scale with the enterprises it serves. This flexibility is crucial for retailers looking to enhance their digital presence and improve customer interactions. Built For Scalability And Flexibility Rezolve Ai’s platform is designed to accommodate the complexities of businesses across the valuation spectrum. Its cloud-agnostic design allows it to operate on multiple cloud providers, avoiding vendor lock-in issues and ensuring seamless integration and scalability. This flexibility enables retailers to quickly implement and benefit from BrainPowa's capabilities. Driving The Future Of Retail Innovation Rezolve Ai seeks to carve out and lead in a completely new category: Conversational AI and Conversational Commerce. The company reports that the BrainPowa platform sets a new standard in retail technology, combining AI-driven personalization, seamless interactions and flexible cloud infrastructure. As the retail sector increasingly embraces AI to tackle modern challenges, Rezolve Ai’s tailored solutions potentially position it as a leader in this transformation, providing businesses with the tools they need to thrive in a competitive landscape. Featured image by Preis_King from Pixabay. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 01, 2024 08:35 AM Eastern Daylight Time

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ETFs: A Streamlined Approach to Sector-Specific Investment

Select Sector SPDR

In the dynamic world of financial markets, the Select Sector SPDR ETFs offer a practical method for investors seeking sector-specific investments. By segmenting the S&P 500 into defined sectors, these ETFs present both individual and institutional investors with an opportunity to build more targeted and strategic investment portfolios. Select Sector SPDR ETFs are designed to cater to various segments of the economy, allowing investors to concentrate their investments based on specific economic sectors, aligned with their investment goals, risk tolerance, and market perspectives. Overview of the available Select Sector SPDR ETFs Communication Services Select Sector SPDR Fund (XLC) is centered around telecommunications and media companies. Consumer Discretionary Select Sector SPDR Fund (XLY) is comprised of companies involved in non-essential goods and services focused on luxury items, automobiles, and hotels. Consumer Staples Select Sector SPDR Fund (XLP) is primarily essential consumer goods and services like beverages, clothing, and personal products. Energy Select Sector SPDR Fund (XLE) is focused on the energy sector which includes oil and natural gas industries. Financials Select Sector SPDR Fund (XLF) includes banking, capital markets, and insurance industries. Health Care Select Sector SPDR Fund (XLV) is dedicated to pharmaceuticals, healthcare equipment, and biotechnology. Industrials Select Sector SPDR Fund (XLI) encompasses manufacturing, construction, and aerospace companies. Materials Select Sector SPDR Fund (XLB) focuses on mining, construction materials, and packaging sectors. Real Estate Select Sector SPDR Fund (XLRE) looks into commercial real estate services and Real Estate Investment Trusts (REITs), excluding Mortgage REITs. Technology Select Sector SPDR Fund (XLK) is focused on the information technology, semiconductor, and electronics industries. Utilities Select Sector SPDR Fund (XLU) centers around electricity and natural gas companies. The Select Sector SPDR ETFs provide an uncomplicated and transparent way to navigate sector-specific investments, allowing investors to adjust their strategies in response to ever-changing market dynamics. This sector-focused approach can provide detailed analysis and strategic portfolio management, offering a valuable tool for investors to fine-tune their investment allocations. As the ETF landscape continues to evolve, the Select Sector SPDR provides a mechanism for investors aiming to fine tune their investment strategies through focused sector allocations. This structured investment avenue supports the development of robust and adaptive portfolios, tailored to meet diverse investor needs and market conditions. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL007907 EXP 12/31/24 Contact Details Dan Dolan +1 203-935-8103 dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

November 01, 2024 05:00 AM Eastern Daylight Time

VIZIA Diagnostics Selects PathAI and the AISight Image Management System to Support the Transition to Digital and AI-Powered Pathology

PathAI

PathAI, a leader in digital and AI-powered pathology solutions, and VIZIA Diagnostics, a GI- specialized pathology laboratory based in Alpharetta, Georgia, have announced that VIZIA has adopted PathAI’s AISight Ⓡ1 Image Management System (IMS) and AI technology to advance the precision and operational efficiency of its pathology services. In today’s rapidly evolving pathology landscape, independent labs face increasing pressure to provide timely and accurate assessments. To meet these demands, VIZIA Diagnostics conducted a thorough evaluation of digital pathology solutions and selected PathAI’s AISight Image Management System as the ideal platform. AISight’s robust workflow optimization, advanced case management, and broad applicability across various use cases were key factors in the decision. By integrating AISight with algorithm products, VIZIA Diagnostics aims to improve turnaround times for their clients and deliver even higher-quality pathology services. "AISight offers more than just efficiency; it empowers us to lead in the evolving field of gastrointestinal pathology," said Gregg Costantino, CEO of VIZIA Diagnostics. "By streamlining our workflows and enhancing accuracy, we're able to deliver faster, more precise results for our clients. This collaboration aligns with our commitment to being a flexible and quality-focused partner, providing exceptional service and care in the GI space, and positioning us at the forefront of digital and AI pathology." "The transformative potential of AI and Digital Pathology, coupled with the growing need for business-critical solutions our pathologists and GI providers require, was at the forefront of our decision to adopt this system," added Ed Cochrane, commercial director of VIZIA Diagnostics. “PathAI’s platform provides us unmatched agility and responsiveness for the dynamic landscape of anatomic pathology and our diverse customer base”. "The selection of PathAI by VIZIA Diagnostics reflects our shared commitment to improving patient outcomes through innovative, digital, and AI-powered pathology solutions," said Andy Beck, MD, PhD, co-founder and CEO of PathAI. "By adopting these technologies, VIZIA Diagnostics is well-positioned to meet the growing demand for more efficient, high-quality pathology operations. We are excited to support them as they embark on their digital journey to transform their pathology services." AISight is a cloud-native, intelligent enterprise workflow solution trusted by pathologists worldwide. As a centralized platform for case management, workload balancing, and image management, AISight seamlessly integrates best-in-class artificial intelligence tools from PathAI and third-party partners. This comprehensive approach will enable VIZIA Diagnostics to address a broad spectrum of histopathology use cases efficiently and consistently. Footnote 1. AISight is for Research Use Only. Not for use in diagnostic procedures. About PathAI PathAI is a leading provider of integrated AI and digital pathology solutions dedicated to transforming workflow and operational efficiency in pathology labs worldwide. Through innovative technologies and strategic partnerships, PathAI aims to enhance patient outcomes and drive the future of medical diagnostics. For more information, please visit www.pathai.com. About VIZIA Diagnostics VIZIA Diagnostics is an established leader in gastrointestinal pathology, dedicated to advancing diagnostic services through enhanced processes and exceptional patient care. As a vital partner in healthcare, VIZIA leverages advanced, modern technology and the expertise of its dedicated team to deliver accurate, timely, and reliable results. Focused on setting new industry standards, VIZIA's experts ensure that these advanced solutions elevate the quality of GI diagnostics and improve patient outcomes. For more information on VIZIA Diagnostics, please visit www.viziadx.com. Contact Details SVM Public Relations and Marketing Communications Maggie Naples +1 401-490-9700 pathai@svmpr.com Company Website https://www.pathai.com/

October 31, 2024 10:00 AM Eastern Daylight Time

Intus Care to Host Virtual Roundtable on “PACE & The Future of Healthcare Data Interoperability”

Intus Care

Intus Care, a technology leader in the PACE market, will host a virtual conversation on “PACE and the Future of Healthcare Data Interoperability” with prominent guests within healthcare and the PACE (Programs of All-Inclusive Care for the Elderly) community. Intus Care Cofounder and CEO Robbie Felton will moderate a discussion among Shawn Bloom, CEO and president of the National PACE Association (NPA); Dr. David Feinberg, Chairman of Oracle Health (formerly CEO of Cerner); and Stephanie Rock, Vice President of Product at Intus Care. The discussion will center around healthcare system interoperability, the importance of interoperability, and the current interoperability challenges that remain. In particular, the conversation will focus around: What can the PACE community learn from modern interoperability standards by the broader value-based care community? Why does PACE need an interoperable and modular technology strategy as the model expands? The hour virtual roundtable is scheduled for Thursday, November 14 at 1 p.m. ET. Anyone interested in interoperability, healthcare, and PACE is invited to listen to the discussion. Registration is open now. PACE is a “comprehensive, fully integrated, provider-based health plan for the frailest and costliest members of our society – those who require a nursing home level of care,” according to the National PACE Association. The goal, however, is to provide care that allows those enrolled to continue living at home and in their communities. Nationally, 95% of participants continue to live at home. The model is now considered the gold standard for seniors with complex care needs. According to the NPA, there are currently 178 PACE programs serving more than 78,500 participants in 33 states and the District of Columbia. As the U.S. population ages – adults 65 years or older will increase 30%, from 63 million to 82 million, accounting for nearly one-quarter of the U.S. population by 2050 – the need for PACE to expand will only increase. To scale effectively, PACE organizations need technology that meets their needs, including a unified documentation system that integrates and shares data securely and seamlessly. "The future of interoperability in PACE lies in seamless data sharing across care teams, empowering providers to deliver truly coordinated, patient-centered care," said Felton. "While progress has been made, there are still regulatory and technological hurdles for this to be truly realized for PACE organizations, but its realization will unlock unprecedented value and transform how we care for our aging population. I look forward to unpacking this with our esteemed guests for the virtual fireside chat." Registration for the virtual roundtable is open now. A recording will be available following the event for individuals unable to attend live. About Intus Care Intus Care creates technology and services for PACE and value-based care organizations to achieve operational efficiency and better clinical and financial outcomes. Intus Care currently works with over 60 PACE programs across 16 states. Visit our website to learn more at intuscare.com. Contact Details SVM Public Relations +1 401-490-9700 intuscare@svmpr.com Company Website https://www.intuscare.com/

October 31, 2024 10:00 AM Eastern Daylight Time

Lisk Integrates with LayerZero to Enhance Interoperability

Lisk

Lisk, a Layer 2 blockchain dedicated to bringing Web3 adoption in emerging markets back to Ethereum, is excited to announce its collaboration with LayerZero, the leading cross-chain messaging protocol. This integration marks a significant step towards enhancing the interoperability of the Lisk ecosystem, enabling developers and users to leverage LayerZero’s advanced bridging solution. With this integration, Lisk developers will gain access to LayerZero as a messaging layer, allowing for seamless token transfers and omnichain application development across supported chains. This enhancement simplifies app deployments, fostering a more vibrant developer community and user experience. This integration empowers developers by allowing them to easily transfer arbitrary data and external function calls while maintaining complete control over their applications, fostering an environment where they can innovate with confidence. Notably, Lisk is distinguished as one of the networks within the Optimism Superchain to integrate with LayerZero, highlighting its commitment to building robust solutions within web3. "This integration reflects our belief in LayerZero’s ability to provide the safest interoperability solution for web3 users,” said Dominic Schwenter, COO of Lisk. “By connecting the Lisk and LayerZero communities, we’re breaking down longstanding barriers to interoperability, which is essential for innovation in emerging markets and beyond.” Simon Baksys, VP of Business Development at LayerZero, added, “The team at Lisk has carved out a unique focus on emerging markets, representing the untapped potential for web3. We are excited to be part of this story." This partnership addresses a crucial need for improved interoperability for developers building on Lisk, facilitating their entry into the rapidly evolving web3 space. For more information, visit Lisk and LayerZero. About Lisk Lisk is a Layer 2 blockchain dedicated to bringing web3 adoption in emerging markets back to Ethereum. By leveraging cost-efficient, scalable, and innovative Layer 2 technology, Lisk enables real-world applications in emerging markets to operate efficiently on Ethereum for the first time. Lisk's founder-focused approach provides a comprehensive ecosystem of startup programs, tooling, seed liquidity, and knowledge bases to support local founders from inception to success. As a long-standing web3 infrastructure project, Lisk has been contributing towards democratizing blockchain accessibility for developers globally since 2016. As an original member of the Optimism Superchain, Lisk also plays a pivotal role in building the industry’s first truly interoperable supernetwork alongside Optimism, Base, Mode, and Worldchain. For more information, visit us on X and join our network of builders to start building for the real world. About LayerZero LayerZero is the leading blockchain messaging protocol LayerZero. LayerZero's advanced messaging infrastructure seamlessly connects over 30 blockchains and facilitates transparent and secure cross-chain messaging from one easy-to-use interface. Since going live in March 2022, the LayerZero protocol has processed more than 20 million messages with thousands of mainnet contracts being deployed by thousands of developer teams. Backed by leading venture capital firms including a16z, Sequoia, Binance Labs, Christie's, Lightspeed, Opensea, Bond, Samsung Next, and GBV, LayerZero was recently valued at $3 billion. Developers building on LayerZero can create interoperable, omnichain dApps, which will lead to the establishment of a unified digital asset ecosystem. Contact Details Wahaj Khan wahaj@serotonin.co Company Website https://lisk.com/

October 31, 2024 09:00 AM Eastern Daylight Time

YXT.COM Is Turning The Corporate Training Market On Its Head With Its AI First Approach, And It’s Already Made A Name In China

Benzinga

By Meg Flippin, Benzinga Thanks to rapid internet penetration in China over the past decade, advances in artificial intelligence and the acceleration of the digital economy in one of the world’s most populous countries, digital learning, particularly among companies, seems to be taking off. As of 2023, the digital corporate learning market in China was valued at RMB 126.0 billion, according to Frost & Sullivan. Its forecast is to reach RMB 300.0 billion in 2028, growing at a CAGR of 18.9%. Among large enterprises in China, the market is projected to grow at an even higher CAGR of 20.5%. It makes sense that companies are embracing digital training, even without considering the disruptive impact of AI. Not only does digital training reduce costs for enterprises, it gives companies of all sizes access to a wide range of learning resources that can improve engagement and increase outcomes among workers. The old way of training, which typically relies on in-person educators to address a broad group of workers, tends to be more costly and can be relatively untargeted. With digital training, employees can learn at their own pace and engage in content geared toward their unique needs, which many enterprises are betting will improve engagement and outcomes. It comes at a time when AI, machine learning and other technology developments are reshaping the way we work and the skills we need. Enterprise self-training is expected to play an important role in readying the workers of tomorrow. While China’s enterprise digital learning market has shown growth in recent years, one company citing Frost & Sullivan data believes there’s still significant room for improvement in the penetration rate of enterprise digital learning. Welcome To The Era Of Self-Training That’s what YXT.com – or YXT.com Group (NASDAQ: YXT) – the Chinese digital enterprise learning solutions provider, is betting on. The company is leveraging a SaaS services model to usher in a new era in corporate training, allowing companies to target content to specific groups and skill sets online. It’s why YXT.com has 2,545 customers in about 20 industries, including over 200 Chinese Fortune 500 enterprises. Some sectors using YXT.com’s digital learning software include manufacturing, new retail, catering, finance and automotive. YXT.com counts well-known enterprises like Schneider Electric SE (OTC: SBGSY), Shiseido Co. Ltd (OTC: SSDOY), Sany Group, Yunnan Baiyao Group Co. Ltd (SHE: 000538), Huazhu Group (NASDAQ:HTHT) and NIO Inc. (NYSE: NIO) as customers. Among its subscription customers, YXT.com says the net revenue retention rate was 106.1% at the end of March. At last check, YXT.com offered its customers more than 8,200 courses with a total learning time of over 20,500 hours. Of that, 6,800 hours are proprietary courses. Technology Underpins The Offering YXT.com can offer so much digital learning content thanks to its focus on leveraging technology to provide customers with targeted training and learning paths for employees based on their positions and required skills. Using the insights the company has gleaned across different industries and business scenarios, YXT.com says it can offer companies a personalized recommendation engine that designs optimal learning paths for employees. The company says its solutions accurately match personnel, positions and courses for employees across China. Embedded in its learning platforms are speech recognition, adaptive learning, anti-cheating and simulation training, which make corporate learning more intelligent, exciting and effective, reports YXT.com. Cash In The Coffers After IPO The company’s successes include a U.S. listing. YXT.com went public on the NASDAQ in August, raising $25 million. Proceeds of its IPO are going to grow the business via research and development and technology investments, brand marketing and business promotions. The company is targeting enterprises with over 1,000 employees with its digital training platform. It’s an area of the market that Frost & Sullivan predicts will grow at a CAGR of 20.5% from now until 2028. YXT.com says focusing on large enterprise customers is speeding its path to profitability. The company says large enterprises have recurring annual budgets in place for enterprise learning, which gives YXT.com access to more stable revenue. Since focusing on large enterprises, the company says it has reduced sales, R&D and management expenses. "YXT.com's successful listing on the US NASDAQ is an important milestone in the company's development journey and a new starting point,” YXT.com’s founder and chairman Lu Ruize said at the time of the IPO. “After completing the listing, YXT.com will leverage the power of the capital market to provide more competitive products and better services to customers with stronger technological capabilities in the AI era, promoting the digital and intelligent development of China's human resources technology and enhancing the global competitiveness of Chinese enterprises." YXT.com’s stock may not be as high as when it went public in August, suffering from what may be a lack of attention from the capital market. Still, the company sees a big opportunity in bringing China’s workforce into the digital age thanks to its technology-driven adaptive learning SaaS model, and Frost & Sullivan data cited by the company in a regulatory filing states that YXT.com was already the largest digital corporate learning solution provider in China in terms of total revenue, subscription revenue and number of subscription customers in 2023. With the digital training market taking off and a client roster that includes big-name companies, YXT.com may be worth keeping an eye on for those interested in the market. Featured photo by Headway on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

October 31, 2024 08:35 AM Eastern Daylight Time

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iLearningEngines, Inc. Shareholders who Lost Money on Their Investments are Encouraged to Contact Johnson Fistel about the Class Action Lawsuit

iLearningEngines Inc

Johnson Fistel, LLP announces that a class action lawsuit has commenced on behalf of investors of iLearningEngines, Inc. (NASDAQ: AILE) that seeks to recover losses on behalf of investors who acquired between April 22, 2024, and August 28, 2024, both dates inclusive (the "Class Period"). If you wish to serve as lead plaintiff, you must move the Court no later than December 6, 2024. If you incurred losses and want to act as the lead plaintiff in the class action lawsuit or determine if you are eligible to receive a potential recovery of your losses, follow the link provided: POTENTIALLY RECOVER YOUR LOSSES HERE For more information, contact James Baker, at (619) 814-4471, jimb@johnsonfistel.com or fjohnson@johnsonfistel.com The complaint alleges that defendants made false statements and/or concealed that: (1) the Company's "Technology Partner" was an undisclosed related party; (2) the Company used its undisclosed related party Technology Partner to report "largely fake" revenue and expenses; (3) as a result of the foregoing, the Company significantly overstated its revenue; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. Johnson Fistel began an investigation on August 27, 2024, when Hindenburg Research issued a report on iLearningEngines highlighting some concerns regarding the company's operations. According to the report, in November 2023, before the IPO, the SEC inquired whether the “Technology Partner” was a related party. The company replied that it was not. Hindenburg states further that “Technology Partner” is a UAE-based entity named Experion Technologies, identified through documents related to a debt transaction. We believe this entity is an undisclosed related party, suggesting that iLearningEngines misled the SEC. According to a 2020 web capture, the American contact for Experion was listed as the CEO of iLearningEngines. Additionally, a 2022 web capture showed the American address for Experion as the personal residence of iLearningEngines’ CEO. Investor Action Steps: Shareholders who incurred losses during the class period have until December 6, 2024, to move the court to become a lead plaintiff in this action. A lead plaintiff will act on behalf of all other class members in directing the class-action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the class-action lawsuit. An investor's ability to share any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff. About Johnson Fistel, LLP | Top Law Firm, Securities Fraud, Investors Rights: Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. We also extend our services to foreign investors who have made purchases on US exchanges. Stay updated with news on stock drops and learn how Johnson Fistel, LLP can help you recover your losses. For more information about the firm and its attorneys, please visit www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes. Attorneys may perform services in any of our offices. Johnson Fistel, LLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content. Media Contact Details:- Johnson Fistel, LLP 501 W. Broadway, Suite 800, San Diego, CA 92101 James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471 jimb@johnsonfistel.com or fjohnson@johnsonfistel.com NewsSource: PinionNewswire LEGAL DISCLAIMER: The information included in this press release from " Johnson Fistel, LLP " is not intended or implied to be a substitute for professional advice, diagnosis, or treatment. All content, including text, graphics, images and information, contained in or available through this press release is for general information purposes only. Neither PinionNewswire nor its distribution partners make any representation and assume no responsibility for the accuracy of the information contained in this press release, and such information is subject to change without notice. You are encouraged to confirm any information obtained from this press release with other sources and review all information. Contact Details Johnson Fistel, LLP James Baker, Investor Relations +1 619-814-4471 fjohnson@johnsonfistel.com

October 30, 2024 02:02 PM Eastern Daylight Time

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