Fintech PR
Lumina’s AI-Driven Radiance Technology Provides Solution for Modernizing Security Clearance Process
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Lumina’s AI-driven Radiance platform, which uses proprietary, deep-web listening algorithms to uncover risk, provides one solution for modernizing the security clearance process and reducing the existing backlog. The company has configured Radiance’s exclusive Behavioral Risk Profiles (BRPs) against the 13 adjudicative guidelines criteria, allowing for earlier risk determination and prioritization of investigatory resources.
“As many security experts have pointed out, our current system is not only time consuming and slow, it is also out of sync with how people live in the 21st century. To be sure, 50 years ago, interviews with neighbors, colleagues and other associates could help provide meaningful insights into our lives and habits,“ said Allan Martin, CEO of Lumina. “Today, we share these very same insights willingly, publicly and knowingly across a variety of online platforms. But, with more than 2.5 quintillion bytes of data created on the Internet every day, only a platform with Radiance’s capabilities can quickly and thoroughly find and prioritize relevant and actionable content.”
Radiance is designed to overcome the challenges of massive unstructured data ingestion, evaluation, and prioritization. This provides a rapidly deployable, scalable and user-friendly solution for the security clearance process. The technology is comprised of three modules, for edge-to-edge risk detection.
Radiance Open Source Intelligence (OS-INT)
OS-INT is a deep-web listening tool that uses machine learning and artificial intelligence to assess and prioritize risk. OS-INT scours publicly available data across the entire Internet, correlating names entered into the system with content related to its exclusive BRPs, and cross-referenced with more than one million queries into Lumina’s proprietary databases of risk. Unlike social media monitoring, OS-INT is not reliant on a single platform or social media API, allowing for continuous ingestion of all open source data.
OS-INT’s security clearance bundle includes more than 16,220 terms related to the 13 adjudicative guidelines. OS-INT performs nearly 325,000 searches across the entire web, correlating names with associated risk behaviors. Similar results would take an individual running a manual web query more than 18 years to read and analyze.
OS-INT completes searches in an average of 4-5 minutes, providing prioritized, high resolution, and actionable results. The system allows for continuous monitoring and evaluation, mapping previous results against results from more recent queries.
The configuration of BRPs only collects publicly available information, within the scope of the investigation and does not use account creation or digital interaction with POIs. As a result, the collection of information adheres to Security Executive Agent Directive 5 guidelines.
Radiance Internet Intelligence’s (NET-INT)
NET-INT’s proprietary algorithms continuously identify, monitor, capture, and prioritize IP addresses exhibiting anomalous behavior across multiple risk dimensions. Its massive system of data ingestion has the capability to catalogue, index and redeploy Internet content related to risk dimensions associated with SEADs.
The system captures an IP addresses’ pattern of life data, prioritizing anomalous behavior. NET-INT also screens IP addresses associated with an entity or person of interest against all IP addresses displaying anomalous behavior collected over the system’s lifespan.
NET-INT’s continuous monitoring of a POI’s Internet research behavior helps predict emergent behavior indicative of a violation of the guidelines.
Radiance Human Intelligence (HUM-INT)
HUM-INT is powered by the S4 app, a crowd-sourced, mobile application that allows users to confidentially report concerns in real time. S4 app can be configured as a workplace tool, allowing employees to submit information related to potential risk behaviors exhibited by co-workers. A centralized management portal allows clients to access real-time threats to geo-fenced facility locations.
View Lumina’s blog and white paper on security clearance at www.luminaanalytics.com
SOURCE Lumina
Fintech PR
Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.
On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”
Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.
His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.
As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.
Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
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View original content:https://www.prnewswire.co.uk/news-releases/wahed-appoints-khalid-al-jassim-as-executive-chairman-of-wahed-mena-to-help-guide-the-strategic-growth-of-wahed-in-the-region-302314779.html
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.
Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.
Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.
Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
About Qatar Development Bank
Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.
For more information, visit: https://www.qdb.qa/
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View original content:https://www.prnewswire.co.uk/news-releases/qatar-development-bank-announces-strategic-investment-in-global-islamic-fintech-wahed-302314778.html
DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.
In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.
Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.
AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.
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View original content:https://www.prnewswire.co.uk/news-releases/chinas-aima-brand-electric-motorbike-is-now-in-bangladesh-302314773.html
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