DUBAI, UAE, Nov. 14, 2024 /PRNewswire/ — The highly anticipated Web3 Oscar, a prestigious event hosted by the Blockchain for Good Alliance (BGA), celebrating blockchain projects driving real-world impact aligned with the UN’s 17 Sustainable Development Goals (SDGs). Industry leaders gathered in Bangkok to honour innovators shaping a sustainable future.

The event was part of BGA’s November lineup, featuring two major initiatives for global change through blockchain: the Sustainable Innovation Summit and the Web3 Oscar Awards.

Sustainable Innovation Summit: A Hackathon for Social Impact

Held from September 9 to November 11, 2024, the Sustainable Innovation Summit hosted a hackathon with a $100,000 prize pool, inviting participants worldwide to create blockchain solutions addressing key issues such as poverty, clean water access, and gender equality. The summit concluded with a Demo Day at the Grand Hyatt Erawan in Bangkok, where finalists showcased their projects to blockchain pioneers, investors, and industry leaders, with opportunities for incubation support and equity-free funding.

Rising Stars

In a cinematic presentation style, 10 shortlisted projects from across the globe, participating in the Sustainable Innovation Summit’s 17 SDGs Challenge, took the stage. Each team presented their blockchain solutions to address sustainability challenges, telling the story of a “hero” confronting a global crisis (one of the 17 SDGs), with blockchain as the “tool” they wield for change.

Winners for the 17 SDGs Challenge:

• 1st Place: Grand Social Impact Award 🥇 EthicHub
• 2nd Place: Outstanding Social Innovation Award 🥈 Plastic Odyssey
• 3rd Place: Emerging Impact Award 🥉 ResearchHub

Rising Star Awards (top 10 projects, in no specific order):

• Wavy Health
• LAKE (LAK3)
• KulaDAO
• erable°
• arkreen
• UCO Network
• Edu3Labs

Web3 Oscar Awards: Honouring Leaders in Blockchain for Social Good

Coinciding with the hackathon’s Demo Day on November 11, the BGA Web3 Oscar Award recognizes individual contributions to blockchain for social good across three categories, with up to 7 total winners.

Each category highlights individual efforts aligning with BGA’s mission.

The Collaboration Bridge Award honours individuals who have played a vital role in guiding the strategic direction of the Blockchain for Good Alliance (BGA). This year’s recipients are:

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• Harn, CEO of Trigger Asset Management
• Mariana de la Roche Wills from INATBA (International Association for Trusted Blockchain Applications) and de la Roche W. Consulting

The Public Welfare Contribution Award celebrates individuals who have harnessed #BlockchainForGood. This award was presented to:

• BreeAnne Yek, Consultant at The Verdant Room
• Milica Dimitrijevic from Positiveblockchain.io

These individuals have demonstrated remarkable dedication, guidance, and pioneering work, significantly advancing the mission of the Blockchain for Good Alliance (BGA) in promoting sustainable development through blockchain technology.

In her closing remarks, Helen Liu, Co-founder and COO of Bybit and founder of BGA, explained how blockchain can bring people together to make a real difference worldwide. Her vision for leveraging blockchain to create worldwide impact was both inspiring and forward-thinking.

About Blockchain for Good Alliance (BGA)

The Blockchain for Good Alliance (BGA) is a long term collaborative non-profit initiative with key partners with the main aim to contribute to societal good by using blockchain technology to solve real world problems. By convening leaders, innovators, and organisations from across the blockchain community, BGA seeks to drive innovation, collaboration, and action towards a more sustainable and equitable world.

For more information

Email: [email protected]
Website: www.blockchainforgood.xyz
Twitter: www.twitter.com/chainforgood

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Volante Payments Intelligence gives all stakeholders a deep, accurate assessment of business performance, driving increased operational efficiency, time-to-market, internal innovation, and business growth

NEW YORK, Nov. 14, 2024 /PRNewswire/ — Volante Technologies, the global leader in Payments as a Service (PaaS), today announced the launch of Volante Payments Intelligence, a powerful new solution that offers financial institutions unparalleled visibility and operational control over their payments business. A modular component of the Volante Payments Platform, the solution enables banks to better understand their payments operations, simplifying decision-making while improving business performance.

Volante Payments Intelligence addresses the increasing volume and complexity of the payments landscape, driven by the proliferation of real-time payments, the adoption of ISO 20022, and the digitization of payment flows. The new offering harnesses historical and real-time payments data, delivering actionable intelligence that helps banks strategically plan, optimize operational efficiency, and accurately track performance.

As noted in the 2024 Corporate Banking IT Pressures & Priorities report from Celent, 60% of banks plan to increase migration of business-critical applications to the cloud by the end of 2025. Payments modernization now ranks as a top priority for corporate banks globally, signifying the need for solutions that provide intelligence across stakeholder viewpoints, streamline modernization efforts, and simplify operations.

“In a world where the volume and complexity of payments is increasing, operational resilience and efficiency are more important than ever. Managing through this requires banks to have instant insight into payment flows, operational performance, and the ability to quickly address issues,” said Gareth Lodge, Principal Analyst at Celent.

Volante Payments Intelligence reduces the time banks spend on manual reporting and allows them to prioritize operational efforts more effectively, staying ahead of regulatory demands. With enhanced observability, users can achieve more precise performance tracking, improving their ability to mitigate risks and adapt to market changes.

As financial institutions navigate an increasingly regulated environment, Volante Payments Intelligence offers critical tools to support resilience and compliance. The solution’s integration into existing systems and ease of deployment in private or hybrid cloud environments or as part of Volante’s PaaS offering ensures that institutions can start seeing results immediately.

“We developed Volante Payments Intelligence as a transformative solution, crafted in close collaboration with a diverse range of our customers to address a critical gap no other platform could fill: Delivering actionable, measurable, and personalized business intelligence in real-time,” said Deepak Gupta, EVP, Product, Engineering & Services, Volante Technologies.

“Payments Intelligence doesn’t just bridge the shortcomings of existing intelligence solutions; it redefines what business intelligence can achieve, empowering Volante customers, from small enterprises to global institutions, to unlock new heights in their operational efficiency and strategic growth. This continues Volante’s track record of, and our valued commitment to, driving time-to-market speed, innovation, and business growth for our customers,” concluded Gupta.

Volante plans to continue its innovation drive within Payments Intelligence through the addition of advanced dashboards to provide operators, managers, and executives with a more complete view of their payments business. By adding exception management, payment controls, and new AI-driven capabilities, financial institutions will be able to monitor and identify market dynamics more effectively.

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For a deeper dive or to schedule a demo, visit volantetech.com/payments-intelligence.

On behalf of Volante Technologies:  

Americas  
Julian Byrne
anthonyBarnum
Public Relations
Tel. +1 (512) 665-9258
[email protected]

EMEA  
Assyria Graves
Hard Numbers
Tel: +447507870214
[email protected]
[email protected] 

About Volante Technologies
Volante Technologies is the trusted cloud payments modernization partner to financial businesses worldwide, giving them the freedom to evolve and innovate at record speed. Real-time native, API enabled, and ISO 20022 fluent, Volante’s Payments as a Service and underlying low-code platform process millions of mission-critical transactions and trillions in value daily. Volante’s customers include four of the top five global corporate banks, seven of the top ten U.S. banks, and two of the world’s largest card networks. Learn more at www.volantetech.com and linkedin.com/company/volante-technologies.

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IBM’s Autonomous Security for Cloud solution to help organizations transition to cloud-based environments using Amazon Bedrock’s generative artificial intelligence (AI) to streamline and automate security and compliance tasks

ARMONK, N.Y., Nov. 14, 2024 /PRNewswire/ — IBM (NYSE: IBM) today announced Autonomous Security for Cloud (ASC), an AI-powered solution from IBM Consulting designed to automate cloud security management and decision-making to help mitigate risk for organizations accelerating their cloud journey on Amazon Web Services (AWS) environments.

Highlighted in IBM’s 2024 Cloud Threat Landscape report, misconfigurations and compliance failures were identified as the top threats organizations face as they increasingly rely on cloud computing environments. Yet, in a technology landscape where security is non-negotiable, maintaining compliance and security can be complex, especially in highly regulated industries such as financial services, manufacturing and the public sector where legacy, labor-intensive compliance processes can be slow to evolve to rapidly changing cloud infrastructures and the strict regulatory standards required to protect data.

For organizations focused on cloud-based architectures, security management requires robust and specific policies and configurations to mitigate potential risks. To address those needs, IBM’s ASC solution will leverage Amazon Bedrock generative AI technology to automate, evolve and enforce client-chosen security controls quickly.

“Insights from theCUBE Research shows that 96% of organizations continue to embrace cloud transformation, which intensifies the challenge of managing and securing data,” said Dave Vellante, Chief Analyst and co-founder of theCUBE Research. “Generative AI-driven automation has the potential to be a game-changer, empowering companies to swiftly adapt, enforce, and control data policies.”

Using generative AI, automation to alleviate cloud security management challenges
Using generative AI for autonomous decisions, ASC aims to help ease operational burdens, accelerate deployment and management and mitigate risks by offering continuous monitoring, immediate adjustments and proactive threat mitigation, all designed to minimize manual work. Augmenting traditional Cloud Security Posture Management (CSPM) solutions, ASC will provide a tailored approach to cloud security management by harnessing AI-powered intelligence to consider the client-chosen control framework, along with future updates. In addition, the ASC solution is designed to automate and enforce hygiene maintenance, resolve misconfigurations, and reduce and address long-term policy drift.

“IBM recognized the opportunity for our clients to better manage and enforce security policies in their cloud environments,” said Dimple Ahluwalia, Global Business Information Security Officer and Senior Partner for Cybersecurity Services at IBM. “With ASC, we’re utilizing AI and automation tools to help organizations better manage their data, tackle cloud migration challenges and positively impact their compliance posture, to deliver value to stakeholders across the C-suite.”

As a scalable cloud solution, ASC is designed to help clients:

• Harness the power of generative AI to understand clients’ security policies and standards using large language models (LLMs) and retrieval-augmented generative (RAG) applications;
• Infer AWS native technical controls that apply to an organization’s workloads based on the client-chosen regulatory obligations;
• Autonomously monitor and deploy cloud security controls to mitigate misconfigurations; and,
• Address their non-compliance discrepancies using cloud-native automation.

And, for client security teams that spend months mapping security policies, aligning them with regulations and transforming them into scripts, ASC also seeks to accelerate the time spent on policy deployment using a combination of generative AI and cloud-native automation.

Accelerating Cloud Transformation with IBM and AWS
The introduction of ASC underscores IBM’s commitment to helping mutual clients harness the power of AWS. By combining IBM’s expertise in cloud transformation with AWS, ASC will allow clients to accelerate their cloud adoption and unlock new opportunities for business transformation and growth.

Beginning with deployment and onboarding, IBM consultants with cloud certifications and AWS expertise can assist clients utilizing ASC with tailored assessments, continuous monitoring and optimization, and proactive risk and compliance management. In addition, IBM Consulting can support ASC integration on AWS to address client’s evolving cloud infrastructure needs with the goal of improving accuracy and effectiveness over time.

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IBM’s ASC solution will be generally available globally beginning in December 2024 and showcased during an AWS re:Invent 2024 session titled, “Harnessing AI for Autonomous Cloud Security: IBM & AWS Game-Changing Solution.” For more information on IBM’s Autonomous Security for Cloud solution, visit: https://www.ibm.com/services/autonomous-security-cloud.

Statements regarding IBM’s future direction and intent are subject to change or withdrawal without notice and represent goals and objectives only.

About IBM
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s long-standing commitment to trust, transparency, responsibility, inclusivity and service.

Visit www.ibm.com/ for more information.

IBM Contacts:

Joel Rushing
[email protected] 

Alex Prevor
[email protected] 

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