Fintech PR
KX JOINS SNOWFLAKE PARTNER NETWORK
LAS VEGAS, June 27, 2023 /PRNewswire/ — KX, maker of kdb+ the industry’s most trusted Data Timehouse™ and the KDB.AI vector database, today announced at Snowflake’s annual user conference, Snowflake Summit 2023, that it has joined the Snowflake Partner Network. As part of the Snowflake Partner Network, KX will help joint customers, beginning with the financial services industry, get the most out of the Snowflake Data Cloud by providing fast, scalable temporal and vector data analytics for time series and AI workloads.
Ashok Reddy, CEO KX: “Temporal and vector data is the driving force behind digital transformation and generative AI. With this partnership, we’re bringing the power of KX to Snowflake, enabling users to run production-ready time series analytics and vector-processing workloads without having to change code or leave the Snowflake environment. Built on kdb+, our vector-native database, our technology is the ideal engine for building applications and models for generative AI and vector search use cases. We look forward to working closely with Snowflake to further the adoption and integration of KX across the Data Cloud.”
KX and Snowflake, the Data Cloud company, answer customer demand for real-time analytics on temporal and vector data. Mobilizing the world’s data with Snowflake’s Data Cloud, the partnership will enable joint customers, specifically data scientists, data engineers, and developers, to run complex data queries and AI models using kdb Insights while on the Snowflake platform.
Rinesh Patel, Global Head of Financial Services, Snowflake: “This partnership brings together two industry-leaders to answer rapidly growing demand for AI-powered analytics on Snowflake. The combined power of the limitless compute, governance and security of Snowflake and the power of KX and q language via PyKX on a single instance of data. We look forward to continued collaboration with KX to ensure that our financial service customers, as well as customers across our other industries, get even more value from Snowflake’s Data Cloud.”
The first release under the partnership will be ‘KX for Snowflake’, a new Python-first integration of kdb Insights that enables users to run supersized machine learning (ML), artificial intelligence (AI) workloads, vector-processing for model development and training, and vector search for generative AI. These workloads are typical in anomaly detection, risk strategies, predictive healthcare, predictive maintenance, and many more use cases.
The collaboration unifies previously siloed data teams, helping them work better together with a simpler, more efficient, more sustainable alternative to existing data management solutions for time and vector data. This closes the ‘time to insight’ gap between the edge and the data, compressing product life cycles and the development of real-time MLOps pipelines.
Leading banks and asset managers testing KX for Snowflake are reporting impressive results running complex analytics and AI workloads on market data. Having taken a strategic decision to move industry-critical datasets to the Snowflake Data Cloud, a tier one global investment bank and longstanding KX customer has reported performance levels of 80x faster than Pandas on existing quantitative kdb and q, using Python.
Ben Rutter Global Strategic Practice Manager: “We’re seeing a surge in demand for time series and vector processing workloads, particularly on the Snowflake Data Cloud. For the financial services sector, the combination of KX’s powerful temporal and vector data analytics and Snowflake’s strengths in data sharing and near-zero maintenance offer a compelling proposition, especially for use cases like risk management, forecasting, and predictive analytics, and we see potential across a range of verticals.”
KX for Snowflake will be made available through Snowpark, Snowflake’s set of libraries and runtimes in Snowflake that enable developers to securely deploy and process Python. For more information, please visit https://kx.com/partners/snowflake/
The Snowflake Partner Network unlocks the potential of the Data Cloud with a broad array of tools and partners. Certified partnerships and integrations enable customers to leverage Snowflake’s flexibility, performance, and ease of use to deliver more meaningful data insights. To become a Snowflake partner and get access to Snowflake’s self-service partner resources, please click here.
Be sure to check out the Snowflake Summit 2023 keynotes live or on-demand here and stay on top of the latest news and announcements from Snowflake on LinkedIn and Twitter.
About KX
Our mission is to accelerate the speed of data and AI-driven business innovation enabling customers to transform into real-time, intelligent enterprises. Built for the most demanding data environments, our Data Timehouse™ platform is trusted by the world’s top investment banks and hedge funds, and leading companies in the life and health sciences, semiconductor, telecommunications, and manufacturing industries.
At the heart of our technology is the kdb+ time series and vector database, independently benchmarked as the fastest on the market. It can process and analyze time series, historical and vector data at unmatched speed and scale, empowering developers, data scientists, and data engineers to build high-performance data-driven applications and turbo-charge their favorite analytics tools in the cloud, on-premise, or at the edge.
Ultimately, our technology enables the discovery of richer, actionable insights for faster decision making which drives competitive advantage and transformative growth for our customers. KX operates from more than 15 offices across North America, Europe and Asia Pacific.
For more information visit www.kx.com or contact: [email protected]
Logo – https://mma.prnewswire.com/media/1866445/KX_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/kx-joins-snowflake-partner-network-301863358.html
Fintech PR
COCA Unveils Black November: Zero Fees on Swaps, Spending, and FX with the COCA Crypto Card
HONG KONG, Nov. 5, 2024 /PRNewswire/ — This November, COCA is thrilled to announce its Zero-Fee Black November offer, delivering one of the most competitive zero-fee crypto wallet and card experiences in the industry. With zero fees on swaps, card spending, and FX, COCA is dedicated to helping users keep more of their crypto gains by reducing the costs that often come with swapping and spending cryptocurrencies in the real world.
Why COCA Leads the Way in Zero Fees
Most crypto apps, including Coinbase, Crypto.com, Revolut, and popular DEXs, add commission fees that reduce users’ earnings. COCA’s Zero-Fee Black November, however, offers the opportunity to transact with zero costs. Here’s how COCA stands out:
- Zero Commission on Cross-Chain Swaps: COCA users can swap assets seamlessly across 13 chains with no commission fees.
- Zero Fees on Card Spending: Every COCA card transaction—whether online or in-store—is fee-free.
- Zero FX Fees Worldwide: COCA cardholders can shop at 80 million+ merchants with no foreign exchange fees, ideal for international spending.
- No Membership Fees: COCA’s transparent structure means no annual card fees—users gain access to all benefits without hidden costs.
Earn Rewards with COCA Points
In addition to zero fees, COCA users earn COCA Points on every card transaction. These points can unlock exclusive rewards, including eligibility for an upcoming airdrop. This reward structure allows users to save with each transaction while gaining even more value with each purchase.
Zero-Fee Black November – The Perfect Time to Join COCA
Now through the end of November, users can secure COCA’s exclusive zero-fee offer by ordering a COCA card. COCA’s zero-fee structure, paired with COCA Points rewards, allows users to maximize savings and enjoy added benefits on every transaction.
About COCA
COCA is a next-generation crypto super app designed to simplify and secure the crypto experience for users worldwide. With innovations in security, usability, and integration, COCA is at the forefront of the digital asset revolution. For more information, visit coca.xyz.
Photo: https://mma.prnewswire.com/media/2549172/Black_November_COCA.jpg
Logo: https://mma.prnewswire.com/media/2338075/5007876/COCA_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/coca-unveils-black-november-zero-fees-on-swaps-spending-and-fx-with-the-coca-crypto-card-302296499.html
Fintech PR
Gateway Gulf’s Second Edition Concludes on a High Note with over USD 12 Billion of Announcements and Deals
MANAMA, Bahrain, Nov. 5, 2024 /PRNewswire/ — A total of 32 landmark announcements and deals over USD 12 billion were announced at the second edition of Gateway Gulf 2024, which ran between 3 – 4 November. Organised by Bahrain Economic Development Board (Bahrain EDB), the forum was attended by 250 ministers and business leaders from around the world and highlighted significant trade and investment opportunities in Bahrain and the wider Gulf, as the region’s economies increasingly drive growth in non-oil sectors.
In finance, Al Salam Bank (ASB) announced the launch of ASB Capital, a newly established Category 3A asset management firm licensed by the Dubai Financial Services Authority (DFSA). Investcorp announced key investment related initiatives, and SICO Bank introduced diversified investment products. J.P. Morgan Payments announced plans to hire technologists in Bahrain. Additionally, Singapore Gulf Bank announced the launch of corporate banking services for the global digital economy.
Highlighting Bahrain’s digital transformation momentum, ARRAY Innovation signed three partnerships with the National Bank of Bahrain (NBB), Aluminium Bahrain (Alba), and the Labour Fund (Tamkeen) to promote advanced enterprise software, analytics, artificial intelligence, and machine learning solutions. Beyon unveiled its visionary digital city and signed a development agreement with Edamah.
In manufacturing, Alba and Daiki Aluminium reaffirmed their commitment to establishing a sustainable aluminium dross processing facility in the Kingdom of Bahrain. Racing Force Group and Bahrain International Circuit announced the completion of the Bell Racing Helmets factory extension and groundbreaking for its new open manufacturing production (OMP) facility. Meanwhile, Bapco Energies also announced reaching a decisive milestone of expanding its refining capacity in compliance with the latest sustainability regulations under Bapco Modernisation Program (BMP).
Key projects were announced by Edamah, the real estate arm of Bahrain Mumtalakat Holding Company, including the opening of its latest resort Hawar by Mantis. Infracorp, a leading company specialised in infrastructure investment and sustainable development, revealed an agreement with Kempinski to launch Harbour Heights Kempinski Hotel and exclusive branded residences in the heart of Manama’s exclusive Bahrain Harbour.
Government announcements included details from Bahrain’s Ministry of Industry & Commerce about a National Industrial Development Fund and SMEs Development Fund. The Ministry of Housing and Urban Planning outlined plans for the development of 3,000 residential units and apartments in Khalifa City, while Mumtalakat, Bahrain’s sovereign wealth fund, signed several partnership agreements across key verticals of their portfolio.
Photo – https://mma.prnewswire.com/media/2549196/Bahrain_Gateway_Gulf.jpg
View original content:https://www.prnewswire.co.uk/news-releases/gateway-gulfs-second-edition-concludes-on-a-high-note-with-over-usd-12-billion-of-announcements-and-deals-302296497.html
Fintech PR
FBOX Accelerates Growth and Innovation in the Cooling Industry with Strategic Initiatives
DUBAI, UAE, Nov. 5, 2024 /PRNewswire/ — In an impressive demonstration of agility and foresight, FBOX has embarked on a series of transformative initiatives over the past two months, affirming its status as a pioneering leader in the cooling industry.
At the recent exhibition Bitcoin Amsterdam, FBOX introduced its revolutionary clean energy green mining solution. The innovation effectively addresses the critical challenge of unstable power output in renewable energy mining, showcasing the company’s commitment to sustainability and eco-friendly practices.
Following this significant launch, FBOX made a strong entry into the data center liquid cooling sector at Gitex Global in Dubai. This strategic move highlights the company’s advanced cooling technologies, meticulously designed to meet the evolving demands of modern data centers and ensure optimal performance, enabling broader applications of cooling technology across various industries.
The momentum continued at the Blockchain Life Dubai, where FBOX unveiled a specialized cooling solution tailored for the Antminer S21 immersion miner. This initiative underscores FBOX’s dedication to delivering customizable, state-of-the-art solutions for the cryptocurrency mining industry, reinforcing its adaptability in a rapidly changing industry.
Looking ahead, FBOX will be exhibiting at the upcoming SC 24, the International Conference for High Performance Computing, Networking, Storage, and Analysis in Atlanta, USA in November. With two strategically positioned booths showcasing its innovative data center liquid cooling products, the company signals its commitment to establishing a robust presence.
These swift advancements underscore FBOX’s dynamic growth trajectory and strategic focus on capitalizing on high-demand markets. As the company continues to innovate, it remains dedicated to fostering sustainable solutions and driving excellence in the cooling solutions industry.
About FBOX
FBOX is a leading solution provider in the cooling industry, renowned for its innovative immersion, hydro, and air-cooling products. Committed to advancing cooling technology, FBOX offers stable, high-performance cooling solutions that are highly compatible across diverse environments.
By enabling efficient overclocking while ensuring thermal stability, FBOX products are widely adopted in North and South America, as well as the Middle East, positioning the company as a trusted leader in the market.
For additional details, visit:
Official Site: www.fboxdata.com
LinkedIn: FBOXDATA
Twitter: FBOXDATA
View original content:https://www.prnewswire.co.uk/news-releases/fbox-accelerates-growth-and-innovation-in-the-cooling-industry-with-strategic-initiatives-302296487.html
-
Fintech5 days ago
Fintech Pulse: Your Daily Industry Brief – Breaking Trends and Insights in Fintech
-
Fintech6 days ago
Fintech Pulse: A Snapshot of Global Expansion, Regulatory Moves, and Transformative Tech in Fintech
-
Fintech PR6 days ago
The Rise of Insurance Third Party Administrator Market: A $544.67 Billion Industry Dominated by Tech Giants – Sedgwick, Crawford and Company and CorVel Corp | The Insight Partners
-
Fintech PR6 days ago
Ministers and Global Executives to Converge at the Second Edition of Gateway Gulf in Bahrain
-
Fintech PR3 days ago
CCTV+: From Silk Road Gateway to Global Innovation Hub: Xi’an Advances Industrial Upgrades and International Cooperation
-
Fintech PR4 days ago
Xinhua Silk Road: Financial co-op for global common dev’t under spotlight at forum held in E. China’s Shanghai Jing’an
-
Fintech PR6 days ago
Aker Solutions ASA: Proposed extraordinary cash dividend of NOK 21 per share, in total NOK 10 billion
-
Fintech PR4 days ago
Hitting Milestones, Coinstar and BBC Children in Need Celebrate Together with £1.6 Million in Donations