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Seeing Machines Unveils Latest Guardian Technology at CES 2024

PRNewswire — Tue, 09 Jan 2024 19:02:35 +0000

Guardian is the company’s world-leading Aftermarket Driver Monitoring System for commercial vehicles and is currently connected to 54,000 vehicles globally

Seeing Machines Limited, the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, is proud to launch Guardian Generation 3, the latest version of its Aftermarket Driver Monitoring System (DMS).

Guardian Generation 3 has been independently tested and confirmed to meet the European Commissions’ General Safety Regulation for Drowsiness Detection, a requirement for all new cars, vans trucks and buses across Europe from July 2024. Guardian Generation 3 also features refined microsleep detection and eye-gaze tracking which enhances its ability to accurately detect distracted driving.

Seeing Machines has been protecting commercial transport and logistics companies with its aftermarket Guardian solution globally, with over 14 billion kilometres of recorded travel across 54,000 vehicles. The third generation Guardian hardware also delivers a range of features that leverage the Company’s proven automotive-grade algorithms and precision optics to deliver premium performance in the most demanding real-world driving conditions.

As operators around the world continue to seek out reliable safety technology for their fleets, so too are commercial vehicle manufacturers. This enhanced Guardian technology offers compliance certainty for these OEMs who can now implement the technology via factory-fit or “after manufacture” and offer their customers the opportunity to buy fully compliant, road-ready vehicles.

Paul McGlone, CEO of Seeing Machines commented: “Regulation continues to drive demand for all of our DMS technology and I am very pleased to see that we have successfully launched the next generation of our Guardian solution for commercial transport and logistics companies as well as commercial vehicle manufacturers. A reliable solution that only activates when required is so important for driver adoption and continued road safety. Additionally, supporting commercial vehicle OEMs with an aftermarket (or factory fit) solution is critical to their ability to sell compliant vehicles. And, given the lower annual volume of production of these vehicles versus cars, I am delighted that Seeing Machines is able to service this new market segment profitably and continue to drive our purpose of getting people home safely.”

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Mobileye and Mahindra Forge Partnership for Next-Gen Advanced Driving Tech Exploration

Business Wire — Tue, 09 Jan 2024 17:22:35 +0000

Mobileye, a pioneering, AI-powered Advanced Driver Assistance Systems (ADAS) technology company, is expanding its existing relationship with Mahindra & Mahindra Ltd. (M&M), a leader in automotive, farm and services businesses. Mobileye will collaborate with M&M to introduce multiple solutions based on Mobileye’s next-generation EyeQ™6 systems-on-chip and sensing and mapping software, including an intent to build a full-stack autonomous driving system.

Mobileye will leverage its extensive portfolio of advanced solutions and expertise in autonomous driving technologies to develop higher degrees of ADAS levels to be introduced on M&M’s upcoming platforms. This includes a collaboration for next generation driving assistance features based on Mobileye’s SuperVision™ platform, and for deploying new mapping solutions. This step is in line with Mahindra’s commitment to deliver market-leading, innovative solutions that enhance safety, comfort and driving experience for their customers and also enhance the supply chain resiliency of related components for M&M.

This collaboration strengthens the existing relationship between M&M and Mobileye, which resulted in the introduction of a segment-first suite of ADAS features in India on the Mahindra XUV7OO in 2021, setting the stage for future innovations in active safety.

“We are thrilled to see that Indian consumers have shown such enthusiasm for the adoption of active safety technology, and we commend Mahindra for their innovative vision in being the first in India to offer this life-saving technology,” said Mobileye CEO Prof. Amnon Shashua. “As more advanced models emerge, we see great opportunities for growth in India and look forward to executing with Mahindra to bring Mobileye SuperVision-based services to one of the most challenging driving environments in the world.”

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Volkswagen and Cerence Collaborate to Bring New, Generative AI-Powered Interaction to Drivers

GlobeNewswire — Tue, 09 Jan 2024 15:38:36 +0000

Cerence Inc. AI for a world in motion, and Volkswagen, one of the world’s largest automakers, announced that they are partnering to deliver a uniquely intelligent, automotive-grade ChatGPT integration to Volkswagen drivers. Volkswagen will leverage Cerence’s new, generative AI-powered Cerence Chat Pro to enable drivers and passengers to engage the in-car assistant in fun and conversational chit-chat, leveraging a multitude of sources, including ChatGPT, to provide accurate and relevant responses to nearly every query imaginable.

Cerence Chat Pro is the fastest and easiest way for automakers to integrate ChatGPT into their in-car assistant platforms with full flexibility, extensive customization, and low integration effort. Volkswagen will be the first automaker to roll out Cerence Chat Pro via cloud updates to cars already on the road, delivering immediate value to drivers as they look to leverage generative AI for productivity and entertainment while on the go. Built specifically for the in-car experience, Cerence Chat Pro will go live in current MEB and MQB evo models from VW Group brands that use the IDA voice assistant¹.

“With software at the core of the Volkswagen of the future, it’s critical that we quickly deploy meaningful innovation powered by advancements in AI,” said Thomas Ulbrich, Member of the Board of Management responsible for New Mobility at Volkswagen. “By leveraging Cerence Chat Pro, we are able to bring added value and a fun and engaging experience to our drivers with minimal integration effort and on a short development and deployment timeline, ensuring our customers are benefitting from new AI-powered conversational technology.”

“We’re proud to build on our automotive expertise and our long-term partnership with Volkswagen to continue to bring new innovation to customers, even post-vehicle purchase,” said Stefan Ortmanns, CEO, Cerence. “It was impressive to see the agility and speed of the Volkswagen team as our companies collectively sprung into action to bring this project to life, marking our shared commitment to leveraging advancements in AI to enhance the in-car user experience”

Looking toward the future, Volkswagen and Cerence will explore collaboration to design a new, large language model (LLM)-based user experience as the basis of Volkswagen’s next-generation in-car assistant. This unique user experience will combine voice and touch, allowing users to perform tasks across different applications in a single conversational thread for a safer and more joyful driving experience. The system will be built on Cerence’s first-of-its-kind, automotive-grade LLM fine-tuned with the company’s extensive automotive dataset.

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Wave of EV Makers Choose NVIDIA DRIVE for Automated Driving

GlobeNewswire — Tue, 09 Jan 2024 14:40:34 +0000

NVIDIA announced that Li Auto, a pioneer in extended-range electric vehicles (EVs), has selected the NVIDIA DRIVE Thor™ centralized car computer to power its next-generation fleets.

NVIDIA also announced that EV makers GWM (Great Wall Motor), ZEEKR and Xiaomi have adopted the NVIDIA DRIVE Orin™ platform to power their intelligent automated-driving systems.

“The transportation industry is embracing centralized compute for highly automated and autonomous driving,” said Xinzhou Wu, vice president of automotive at NVIDIA. “The AI car computer of choice for today’s intelligent fleets is NVIDIA DRIVE Orin, with automakers increasingly looking to the advanced capabilities and AI performance of its successor, NVIDIA DRIVE Thor, for their future vehicle roadmaps.”

DRIVE Thor is a next-generation centralized car computer that integrates a wide range of intelligent functions into a single AI compute platform, delivering autonomous driving and parking capabilities, driver and passenger monitoring, and AI cockpit functionality.

Li Auto currently uses two DRIVE Orin processors to power its assisted-driving system, AD Max, for its L-series models. The processors, which provide a combined 508 trillion operations per second (TOPS), enable real-time fusing and processing of sensor information — powering full-scenario autonomous driving for navigation on advanced driver-assistance systems (ADAS), full-scenario assisted driving for lane change control (LCC), automated parking and automatic emergency braking (AEB) active safety features.

The new AD Max 3.0 upgrade transitions the system to an end-to-end algorithmic architecture dominated by large AI models. It delivers a safer, more comfortable intelligent driving experience using an occupancy network and spatio-temporal trajectory planning and model-predictive control algorithms.

Building the Future of Transportation on DRIVE

GWM, among China’s leading new energy vehicle makers, has announced that it will build its self-developed, high-end intelligent-driving system, the Coffee Pilot, based on the DRIVE Orin centralized computing platform. Coffee Pilot can support parking, high-speed and urban scenes to achieve full-scenario smart navigation and assisted-driving functions without high-precision maps.

GWM, which collaborated with NVIDIA to develop this intelligent-driving system, will debut its first model with the system in the first half of the year. Advanced intelligent-driving features, such as Urban Navigate on Autopilot and cross-floor Memory Parking, will be first rolled out in GWM’s WEY models.

“LLM-driven AI technology will profoundly enhance future mobility as well as the entire automotive industry,” said a GWM spokesperson. “GWM is committed to working with NVIDIA and other industry-leading players to offer greener, smarter mobility for all.”

ZEEKR, the premium EV subsidiary of Geely, has launched the ZEEKR Luxury Sedan, its fourth model to be powered by NVIDIA DRIVE Orin. It features a new full-stack smart driving system, powered by two DRIVE Orin systems-on-a-chip, to deliver intelligent parking and automated operation on high-speed and urban roads. ZEEKR’s full range of models is offered with two sensor options: Lidar + Vision Fusion and Pure Vision. The Navigation ZEEKR Pilot, a highway navigation feature from ZEEKR’s in-house advanced driving assistant system, will be available for use in major Chinese cities once deliveries begin.

“ZEEKR is proud to work with NVIDIA on innovative, safe autonomous driving capabilities,” said Chen Qi, vice president of ZEEKR. “The new ZEEKR Luxury Sedan’s in-house-developed ADAS system is made possible with the energy-efficient, high-performance NVIDIA DRIVE car computing platform.”

Xiaomi EV, the automotive arm of the technology giant, has announced its first EV, the SU7 sedan, which is built on a dual DRIVE Orin configuration for highway driving functions. Built using Xiaomi’s leading large language model for perception and decision-making, the sedan will be able to seamlessly navigate through Chinese cities, regardless of locale, administrative divisions within the country or type of road. It will come in two versions: one with a driving range of up to 415 miles on a single charge and another with a range of up to 497 miles. The SU7 will be officially launched in the first half of 2024.

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Indy Autonomous Challenge Unveils Next Gen Autonomous Vehicle Platform IAC AV-24

Business Wire — Tue, 09 Jan 2024 14:00:56 +0000

The Indy Autonomous Challenge (IAC), the global innovator in high-speed autonomy, announced at CES®2024 the launch of its Next Gen Autonomous Vehicle Platform, the IAC AV-24. This cutting-edge platform represents a significant leap forward in autonomous hardware and software technology, propelling the performance of the world’s fastest autonomous racecars to new heights. The IAC AV-24 platform and related simulation tools will accelerate the development of AI Drivers capable of operating vehicles safely at speeds greater than 190 mph.

The IAC engineering team has collaborated with leading autonomous hardware and software providers to develop this state-of-the-art robotics system. Global industry partners, including Bridgestone, Cisco, Continental, dSPACE, Luminar, Marelli, New Eagle, NI, VectorNav, and more, have contributed their innovative hardware and software technology and engineering expertise to support the development of the IAC AV-24. This collaboration has resulted in new and enhanced features, including some world-first innovations, which will usher in a new era of high-speed automation:

World’s First 360-Degree Long Range LiDAR Vision Using 4 LuminarIris Sensors.
Advanced 4D Radar Perception Using ContinentalARS540 Sensors.
High Fidelity “Digital Twin” Simulation of IAC AV-24 Allowing AI Driver Training and Head-to-Head SIM Racing powered by dSPACE SIMPHERA Software-in-the-Loop (SIL) simulation and, since 2022, provision of on-vehicle computer technology with the AUTERA AutoBox.
IAC Custom Engineered Drive by Wire System Including a First-Of-Its-Kind Independent Actuation for Front and Rear Brakes (Patent Filed).
World’s First Automated Race Control with Two-Way Wireless Communication and Realtime Software Interface powered by Marelli Smart Antenna and WinTax Systems.
Custom Hardware in the Loop (HIL) Test Rig From NI.
Improved GPS/GNSS for Enhanced Localization with Sensors from VectorNav.
Modular Design of IACAV-24 Integrated Robotics System Allowing for Competent Interchangeability and Integration into Other High Speed Vehicle Platforms (Patent Filed).

After three years and more than 7,000 miles of high-speed racing, the IAC and its industry partners have evolved the robot inside the IAC AV-24 to become smarter and more capable, providing the world’s fastest autonomous racecar with increased functionality that will enable AI Drivers to reach new levels of performance. Moreover, the robot is now vehicle chassis agnostic, capable of operating in multiple vehicle platforms, further expanding its versatility.

“More than three years ago the IAC took on the challenge of proving that autonomous vehicles could race head-to-head at high speeds,” said Paul Mitchell, president, Indy Autonomous Challenge. “After setting every autonomous racing speed record with the AV-21, our University Teams AI Drivers have found the limits of that system. Our next generation robot, the IAC AV-24, will unleash the full potential of AI Drivers to push limits that have not been attempted by man or machine with the goal of developing technology that can save lives and offer new high-speed mobility options.”

Beyond the track, the IAC is launching a deeper collaboration with commercial partner dSPACE to develop a high-fidelity Software-in-the-Loop (SIL) simulation tool that improves AI Driver training and accelerates the transfer of learning from simulation to the real world. The IAC partnership with dSPACE will leverage its industry leading SIMPHERA software to create a true digital twin of the IAC AV-24 and the historic racetracks where IAC competes. Current IAC University Teams will have access to this simulation tool to develop, test, and validate their AI Driver capabilities in head-to-head racing scenarios before they transition them to real world IAC AV-24 racecars. New teams seeking to join IAC will be able to use the simulation tool to determine their AI Driver performance without the cost of accessing a real IAC AV-24 racecar. The Official IAC SIM Racing Platform, powered by dSPACE, will launch in the spring of 2024 with additional functionality added throughout the year.

“After experiencing the enthusiasm of the teams using our pioneering hardware technologies in the first year of our IAC partnership, we are now taking the next step by providing simulation software to elevate the teams’ AI Drivers to the next level on our virtual racetracks,” said Dr. Carsten Hoff, CEO, dSPACE.

Looking ahead, the IAC announced its current schedule for 2024, which includes a return to the historic Indianapolis Motor Speedway on September 6, 2024. The IAC aims to establish a hub for performance automation in Indiana and is excited to expand its partnership with the Indiana Economic Development Corporation (IEDC) and SportsTech HQ to attract the brightest minds from around the world, building an innovation ecosystem for high-speed automation in the state of Indiana.

“The IAC returning to the Indianapolis Motor Speedway signals Indiana’s continued leadership in performance automation and our commitment to becoming a global destination for bold innovation,” said Salena Scardina, executive vice president of external engagement, IEDC. “Indiana powers a strong workforce and a collaborative ecosystem of industry partners that make our state the best place for future-focused industries like autonomous driving to thrive.”

For 2024 the IAC will again partner with the Milan Monza Motor Show (MIMO) and return to the Monza F1 Circuit in Italy. Building on the success of bringing six autonomous racecars to MIMO in 2023 for a time trial competition, the IAC will return to the legendary Monza F1 Circuit, the oldest racing circuit in Europe, to push the boundaries of head-to-head autonomous racing in 2024.

The IAC has also expanded its partnership with Goodwood, becoming the inaugural partner in a new initiative called FOS Tech at the Goodwood Festival of Speed (FOS). This multiyear collaboration will include IAC participating in Goodwood Festival of Speed held July 11-14, 2024, where select IAC University Teams AI Drivers will attempt a historic autonomous hill climb challenge with the IAC AV-24 racecars. IAC was selected in 2023 to be featured in the Goodwood Future Lab and brought along members from three IAC teams who conducted low speed scans and collected terabytes worth of data to generate a detailed digital map of the Goodwood Hillclimb to train AI Drivers to attempt the historic speed course in 2024.

These three historic venues reflect IAC’s goal to win over hearts and minds around the world regarding the promise of high-speed autonomous mobility and its potential to dramatically improve the safety and efficiency of mobility for all. The Indy Autonomous Challenge continues to push the boundaries of autonomous vehicle technology, fostering innovation and collaboration among industry, universities, and governments around the world. With the launch of the Next Gen Autonomous Vehicle Platform IAC AV-24, its digital twin IAC SIM Racing Platform, powered by dSPACE, and the historic global racing events lined up for 2024, the IAC will continue to race into the future and revolutionize high-speed autonomous mobility.

[To share your insights with us, please write to sghosh@martechseries.com]

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Wiseband Partners With Rivada for Network Expansion in the Middle East

PRNewswire — Mon, 08 Jan 2024 09:10:57 +0000

Next-Generation Network — the OuterNET^™ — is Key for Secure and Resilient Communications

Rivada Space Networks, a global network company launching a constellation of 600 low-earth-orbit satellites (LEO) to enable secure, global connectivity for governments and enterprises, is partnering with Wiseband, an Emirati satellite services company, to bring secure connectivity solutions to the Middle East region.

Based in UAE and operating across the Middle East and Africa, Wiseband provides customized private satellite networking solutions which are designed to meet high-performance and stringent security requirements. The company currently has connectivity projects in UAE, KSA, Kuwait and Egypt.

Rivada’s global low-latency point-to-point orbital network, the OuterNET^™, is a unique next-generation constellation combining inter-satellite laser links with advanced onboard processing to provide unique routing and switching capabilities and create an optical mesh network in space. This orbital network, in which data stays in space from origin to destination, creates an ultra-secure satellite network with pole-to-pole coverage, offering end-to-end latencies lower than terrestrial fiber over similar long distances. And by routing traffic on a physically separated network, it provides a layer of defense for any organization that needs to securely share data between widely distributed sites.

For Enterprise and Government communications, Rivada’s OuterNET™ will provide an easy-to-deploy network with higher bandwidth and improved security for resilient and more reliable communications services.

Rivada Space Networks is showcasing the OuterNET^™ at the Middle East Space Conference, in Oman from 8^th-10^th January. Rivada’s CEO Declan Ganley will participate in the panel exploring how new satellite networks can play an essential role in bringing connectivity to the Middle East and the prospects for satellite communications services in the region, including:

How the potential of LEO can be unlocked for data networks and services and the opportunities for new business models and end-user services
An ultra-secure network is the ambition for global enterprise and government communications and the dynamic powers of laser communications are key
Partnering with LEO enables Middle Eastern satellite and telecom operators in search of growth to complement and expand services that cannot be supported by GEO alone

Ahmed Hassan, CEO of Wiseband, said: “Wiseband is looking to tap onto Rivada Space Networks’ highly secure point-to-point secure communications network to provide advanced and customizable secure solutions to our existing enterprise customers and to develop the emerging markets in Middle East. The OuterNET^™ is a fully interconnected orbital network which effectively serves as a private network in space, capable of routing traffic at gigabit speeds from one satellite to another with no need for a gateway on earth. We see this as the key infrastructure for the development of the enterprise and government sectors in the Middle East and beyond.”

Declan Ganley, CEO of Rivada Space Networks, said: “We are delighted to be partnering with Wiseband based on their long history and expertise in serving the telecoms sector in Middle East region. Rivada’sOuterNET^™ is what data communications has been waiting for – a game-changing constellation that re-defines connectivity in terms of security, latency, capacity, efficiency, and coverage. As a completely new type of LEO constellation, the OuterNET^™ can provide the Middle East region with a next-generation infrastructure for secure, resilient communications and network expansion.”

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BlueSkeye AI Revolutionizes Clinical Analysis with Mobile Facial and Vocal Tech at CES 2024

PRNewswire — Thu, 04 Jan 2024 15:38:55 +0000

Health Foundation Platform revolutionizes healthcare with the ability to provide digital health companies more measurable, reliable and secure customer insights quicker than ever before.

UK startup Blueskeye AI is launching its Health Foundation Platform at the Consumer Electronics Show in Las Vegas. The Health Foundation Platform makes it easy and quick for health tech companies to integrate clinical grade AI which analyses medically relevant expressed behavior into their products.

This groundbreaking technology uses mobile phones or tablets running advanced machine learning algorithms to analyze facial expressions and vocal behavior to provide digital health companies and their customers with deeper, more measurable and reliable customer insights more securely and faster than ever before.

“By combining computer vision and natural language processing, our Health Foundation Platform can decode the nuances of human emotion and behavior in real-time,” says Professor Michel Valstar, Founding CEO of Blueskeye AI. “Our technology allows us to surface insights that would be impossible to detect with the naked eye or ear, and which are difficult to both quantify and measure.”

Using the Health Foundation Platform companies can monitor customer engagement, satisfaction, and even spot the early warning signs of serious illness. The powerful clinical grade AI can be integrated rapidly into digital therapeutics platforms, clinical trial or treatment companion apps, extending their capabilities, making them more powerful and allowing additional services to be offered.

How it works

The Health Foundation Platform uses machine learning embedded in mobile phones or tablets to monitor changes to peoples’ facial and vocal behavior whilst they undertake one of a number of specialist tasks. This data can be used to identify and track emotions. The Platform can also assess fatigue, pain, muscular atrophy, anxiety and depression. It could even identify the early signs of conditions which have an effect on the face or voice, such as, Autism, ADHD, Parkinson’s or Alzheimer’s.

BlueSkeye collaborates closely with digital health companies to design the optimal assessment for a digital interaction with the user. By undertaking the assessment customers generate rich behavioral data. BlueSkeye’s specialist staff benchmark this data at scale against best current measurement methods to establish the extent to which the technology will reliably enable or enhance the company’s offer. This rigorous approach ensures BlueSkeye’s face and voice analysis AI is suitable for digital health applications before deployment.

The Platform’s core technology is already in use in the UK’s National Health Service (NHS) where the company is undertaking a clinical trial of its use for assessing anxiety and depression amongst pregnant women.

Chief Investigator, Dr Neil Nixon, Associate Professor in Psychiatry at the University of Nottingham and Consultant Lead for the Nottingham Specialist Depression Service described the trial as:

“An important trial, assessing the potential for artificial intelligence to detect early indications of perinatal depression. Our partners, including expert patients and clinicians, continue to shape the development of this technology so that positive results will also translate into more effective NHS care.”

BlueSkeye AI is also working with a number of global automotive manufacturers on the integration of the technology into the next generation of intelligent cabins. BlueSkeye also works with FMCG, social robotics and fitness and wellbeing hardware providers.

Recommended AI News: OPENLANE Launches Visual Boost AI to Pinpoint Vehicle Damage

“By using BlueSkeye’s clinically validated AI, digital health companies can unlock new levels of insight and understanding of their customers,” says Professor Michel Valstar, Founding CEO of Blueskeye AI. “This paves the way for more personalized, proactive and predictive healthcare as we usher in a new era of next-generation, AI-enabled digital health and wellbeing.”

BlueSkeye will be giving demos of The Health Foundation Platform at CES 2024.

[To share your insights with us, please write to sghosh@martechseries.com]

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WiSA E: Exceptional Audio Quality Across Diverse SoCs and CE Audio/Video Platforms

Business Wire — Thu, 04 Jan 2024 13:58:28 +0000

CES 2024 Demonstrations Show Performance and Versatility of WiSA E technology

WiSA Technologies, Inc. a leading innovator in wireless audio technology for intelligent devices and next-generation home entertainment systems, enters CES 2024 with its WiSA E software being demonstrated on multiple SoCs (System on a Chip), a number of different Wi-Fi chips, and across a wide range of consumer electronics devices. WiSA E’s advanced wireless multichannel audio technology opens exciting new possibilities for emerging product categories, enhancing immersive audio experiences for users enjoying video content.

“We’ve designed WiSA E to be exceptionally versatile and scalable, allowing the technology to seamlessly integrate into a diverse array of products and applications,” said Brett Moyer, CEO of WiSA Technologies. “With all the interest we’ve sparked through our WiSA E licensing program and with the compelling CES 2024 demonstrations showcasing WiSA E technology enabling so many different applications, it is impossible to walk away without realizing the power of WiSA E as the multichannel audio glue capable of connecting the universe of smart devices.”

CES 2024 applications:

WiSA E-enabled HDTV transmitting wirelessly to soundbar eliminates an HDMI audio cable
WiSA E software implemented on an HD projector moves sound to align with the video
WiSA E working in conjunction with Fraunhofer’s upHear’s spatial audio rendering technology to create an optimized sound field for any number of speakers and any speaker location in the room
WiSA Connect enables users to switch from audio source from TV to mobile devices to enjoy in-room immersive audio using WiSA E-enabled speakers
WiSA E-enabled low-cost streaming boxes and mainstream streaming set-top box applications

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Scienaptic AI Partners With DigiFi to Provide Advanced Credit Scoring

Business Wire — Wed, 03 Jan 2024 14:26:46 +0000

Scienaptic AI, a leading global AI-powered credit decision platform provider, announced its integration partnership with DigiFi, the financial industry’s leading platform for automated digital lending. With this integration, DigiFi clients can seamlessly access Scienaptic’s advanced AI-powered signals for lending.

borrowers expect a seamless lending experience that includes easy credit access and a personalized loan offering. Integrating DigiFi’s loan origination system and Scienaptic’s AI-powered signals will enable financial institutions to automate their lending, approve more loans and increase credit availability for their members. The partnership will increase the adoption of AI for lending and give more members access to fair credit. Lenders leverage Scienaptic AI’s signals to boost approval rates while holding the loss rates constant. Clients typically experience a substantial 15-40% increase in approval rates. The platform also delivers notable advantages such as a significant rise in automated decisions and a decrease in bias across protected consumer classes.

DigiFi provides a next-generation loan origination system to banks, credit unions, finance companies and fintechs. DigiFi’s cloud-based platform enables the automated online delivery of multiple consumer lending products through a single platform, driving better customer experiences and lower operating costs. DigiFi was founded in 2017 and has offices in the US and Europe.

“DigiFi is dedicated to empowering lenders to provide digital access to credit that impacts people’s lives, and we love how Scienaptic is helping lenders expand who they can serve,” said Joshua Jersey, CEO and Co-Founder of DigiFi. “The integration of both platforms is an exciting opportunity to bring Scienaptic’s AI-powered credit signals to our clients. As a result, our clients will have the opportunity to incorporate AI into their lending process and make smarter, automated decisions. In addition, this partnership will enhance their borrowers’ experience, increase approvals and expand access to credit.”

Pankaj Jain, Co-Founder & President of Scienaptic AI, said, “We are very excited to partner with DigiFi. Our partnership removes the integration hurdles that prevent lenders from implementing AI. This partnership will increase the adoption of AI and allow more members to access credit. As a result, we will be able to drive faster and smarter loan decisions for financial institutions and empower their members and customers to say “yes” more often.”

[To share your insights with us, please write to sghosh@martechseries.com]

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Transcend Unveils Major Expansion to Its Privacy Platform

Business Wire — Tue, 26 Dec 2023 18:41:17 +0000

Transcend’s complete technical privacy platform is the next-generation technology for companies urgently replacing legacy privacy tools.

Transcend, the all-in-one data privacy and governance platform, announced an expansion of its product suite—going even further to help the world’s best brands manage complex privacy compliance challenges. Powering privacy for Fortune 100 companies, the global 2000s, and high-growth start-ups, Transcend easily solves current and future compliance challenges while dramatically increasing compliance, unlocking significant cost savings, and enabling improved user experiences.

Transcend is radically different from legacy privacy management platforms, because it encodes privacy directly into the systems that handle personal data, going beyond checkboxes and human processes to embed governance at the data layer. As the first all-in-one modern privacy platform with built-in automated data discovery & classification, full stack consent, DSR handling, data reports, assessments, AI governance, and more, Transcend now offers access to over a dozen products that support business privacy compliance. All Transcend products and integrations are built and maintained in-house by Transcend’s industry-leading engineering organization – with no white-labeled or acquired solutions. Transcend’s platform enables a seamless experience and easy navigation of the rapidly unfolding privacy frontier.

With this new release, Transcend expands its proven platform three-fold, aligning along five pillars of most urgent need, while reflecting its focus areas of proprietary technology innovation. These pillars are Data Asset Intelligence, Data Discovery & Classification, Autonomous Privacy Operations, Risk Intelligence, and AI Governance. Built on a robust integration network allowing for the precision orchestration of data across technical stacks, the Transcend platform offers industry-leading end-to-end encryption in a proprietary security model that ensures Transcend never sees customer API keys.

“We believe privacy only works when it’s encoded directly into the systems that handle personal data, and we’re on a mission to simplify privacy inside every business,” said Transcend co-founder and CEO Ben Brook. “The world’s best companies choose Transcend because our market-leading technologies don’t just incrementally improve their work, but transform their privacy operations end-to-end with improved compliance, reduced costs, and better user experiences. We’re now the all-in-one platform for switching off legacy manual tools.”

Transcend’s Solutions for Simple Privacy Compliance

Each of Transcend’s solutions can be deployed individually or in combination, enabling Transcend customers to quickly deploy the privacy compliance solution they need to switch out from legacy tools to next-generation technology:

Data Inventory provides a base truth of all silos, datapoints, vendors, purposes, and other metadata—creating a system of record for all data in the business.
Data Lineage offers a real-time view of data flows and the relationship between data silos, enabling proactive data governance and compliance assurance in one seamless solution.
Silo Discovery leverages pre-built plugins to scan, discover, and automatically catalog data stores, SaaS tools, and databases.
Structured Discovery continuously detects and classifies all objects and properties inside a given database.
Unstructured Discovery uncovers and classifies personal data living in non-conventional data models, for comprehensive governance.
DSR Automation is your all-in-one solution for deleting and returning any kind of personal data, across every system, at any scale.
Consent Management collects consent and automates enforcement across every interface, from websites to mobile apps.
Preference Store syncs user consent across any device, with a singular log of all user preference events.
Privacy Center is a secure portal that gives end-customers an intuitive, self-serve way to exercise their data rights.
Contract Scanning extracts privacy terms from vendor agreements, helping compare contractual requirements against system realities.
Assessments enables centralized reviews of AI risk assessments, DPIAs, and vendor risk assessments with pre-built templates that tie directly into a customer’s Data Inventory.
Pathfinder is an AI governance middleware that gives Transcend customers the control and auditability they need for data going in and out of LLMs.
Prompt Manager powers governance prompts to identify risk gaps, extract metadata, and more.

A Truly All-In-One Privacy Compliance Platform

Early privacy tools in the market offered companies low-tech platform approaches to common privacy requirements, including clunky web banners, manual DSR delegation flows, manual surveys and outdated spreadsheets. As the complexity of privacy requirements and data systems evolved, companies began to feel compounding issues of unnecessary repetitive manual tasks, clear compliance gaps, and an out-of-date understanding of where personal data lives. A rise of end-point privacy solutions, or solutions that only handle one aspect of privacy, helped to increase automation in the industry but created inefficient alternatives to the legacy platform. It also left companies without a single unified source of truth to help govern interwoven privacy operations.

companies are urgently switching from legacy solutions to the next-generation technology of Transcend’s all-in-one platform. It’s a full lifecycle of best-in-class automation that ensures modern and seamless privacy operation at scale – from assessments to automatically discovered data systems to automated DSR workflows to corresponding consent opt-outs. With the Transcend All-In-One platform, the world’s best companies experience:

True automation that enhances their privacy transformation, removing manual tasks for legal teams and data owners, and minimizing resource drain.
Significant cost savings by reducing wasted resources from manual tools or switching between different point solutions and saving dollars on promised functionality that doesn’t quite live up to the hype.
Central intelligence for all privacy operations, giving customers the power to quickly go beyond check-the-box compliance while simplifying privacy through every part of a business.

[To share your insights with us, please write to sghosh@martechseries.com]

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