Fintech PR
Two Leading Patent Business Intelligence & Intellectual Property Strategists Join Ocean Tomo, a Part of J.S. Held
JERICHO, N.Y., Dec. 6, 2024 /PRNewswire/ — Global consulting firm J.S. Held, proudly celebrating 50 transformative years, joins Ocean Tomo, a part of J.S. Held, in welcoming Timothy D. Dorney, Ph.DDD. and Sam Wiley to the industry’s most comprehensive intellectual property (IP) consulting group. The experts co-lead the firm’s Specialty Services team, which combines technical excellence, patent expertise, and business acumen to partner with in-house corporate IP groups, outside counsel, and financial institutions to dig into complex systems.
Dr. Timothy D. Dorney, Ph.DDD., the new Technical lead for Specialty Services, draws upon 35 years of experience as an inventor, patent agent, and licensing professional. His expertise includes defending and asserting patents in technical fields, including DRAM and non-volatile memory, analog circuits, image sensors, digital displays, microprocessor architecture, computer system design, Internet transactions including shopping carts, and digital signal processing (DSP).
Dr. Dorney has conducted extensive patent technical reviews, consulting on the technical aspects of enforcing patent rights. He has overseen patent licensing and litigation activities, identified infringement, designed and executed tests to demonstrate infringement, created claim charts, presented findings, and negotiated settlements. His work spans North America, Europe, and the Asia Pacific region.
As a patent agent, he prepared over 100 patent applications and responded to national and international Office Actions. He has been involved in approximately 20 Inter Partes Reviews and prosecuted ex parte reexaminations and reissue patent filings. Dr. Dorney began his career at Texas Instruments, where his work focused on memory products design, application-specific DRAM design, and video RAM development.
Dr. Dorney is a named inventor on 10 patents. He has presented his research internationally, including at The International Society for Optical Engineering, The International Terahertz Workshop, the IEEE/LEOS Annual Meeting Conference Proceedings, and the International Conference on Image Processing. He has authored refereed journal articles for the International Journal of High-Speed Electronics & Systems, the Journal of the Optical Society of America, and Optics Letters, among others.
Sam Wiley, the new Strategic Business Intelligence lead for Specialty Services, is a globally recognized intellectual property and innovation expert known for his leadership in crafting strategies and advancing thought leadership in the IP field. A trusted voice in the industry and a Silicon Valley veteran, he is a sought-after speaker and contributor noted for turning complex IP and innovation challenges into strategic opportunities.
Sam has held key roles at leading organizations throughout his career, including the United States Patent and Trademark Office (USPTO), CPA Global, and, most recently, LOT Network. His expertise spans industries and geographies, grounded in a multidisciplinary background in technology, law, and business. Named to the IAM Strategy 300, Sam serves on the Board of Directors for the Licensing Executives Society (LES) USA & Canada, the Board of Directors for the LES Silicon Valley Chapter, and is an instructor with the Association for the Valuation for the Management and Valuation of Intangibles (AMAVI).
Sam began his IP career at the USPTO, where he served as a patent examiner for electrical and software arts, developing a specialized understanding of US patent law and the patent prosecution ecosystem. He later joined an IP consulting firm where he was responsible for econometric analysis and expert report development. An early adopter of and advocate for patent intelligence, Sam managed IP-related projects across several practice areas, including litigation, licensing, and M&A. He has provided testimony in federal and state courts on IP matters.
At Innography and later following the acquisition, at CPA Global, Sam’s expertise focused on IP intelligence as a subject matter and solutions expert advising clients across the IP lifecycle, including prosecution, portfolio development, and maintenance, licensing, and monetization, with a focus on leveraging IP intelligence and analytics to support business decision-making.
Most recently, Sam served as an executive at LOT Network, where he led patent intelligence initiatives to deliver actionable insights to members and prospective members. He also spearheaded thought leadership programs to advance LOT Network’s mission and cultivated strategic partnerships with influential stakeholders across the IP ecosystem.
These two experts join a multidisciplinary team of multidimensional experts – accountants, financiers, scientists, lawyers, and engineers. The team provides a leading array of financial and technical services related to intangible assets. Built upon more than three decades of experience valuing IP in the most rigorous of venues: state, federal, and international courts, financial, market, and technical experts understand the contributory value of patented inventions, know-how, brands, and copyrights that permeate every business.
“We are grateful to have Tim and Sam now as part of the Ocean Tomo team, enhancing our scope of experience and ability to provide a full-service solution on IP matters,” shared Ocean Tomo co-founder and Senior Managing Director James E. Malackowski, CPA, CLP.
The Ocean Tomo team specializes in understanding and leveraging IP with offerings that include financial expert testimony, IP valuation, strategy consulting, business intelligence, technical support, investment advisory, innovation management consulting, and transaction brokerage.
As a part of J.S. Held, Ocean Tomo works alongside more than 1,500 professionals globally and assists clients – corporations, law firms, insurers, governments, and institutional investors – on complex technical, scientific, and financial matters across all assets and value at risk.
Tim Dorney and Sam Wiley are now part of the dedicated and entrepreneurial experts who help transform J.S. Held. Explore our story, and celebrate this momentous milestone, our 50 & Forward celebration, with us at jsheld.com.
About J.S. Held
J.S. Held is a global consulting firm that combines technical, scientific, financial, and strategic expertise to advise clients seeking to realize value and mitigate risk. Our professionals serve as trusted advisors to organizations facing high stakes matters demanding urgent attention, staunch integrity, proven experience, clear-cut analysis, and an understanding of both tangible and intangible assets. The firm provides a comprehensive suite of services, products, and data that enable clients to navigate complex, contentious, and often catastrophic situations.
More than 1,500 professionals serve organizations across six continents, including 81% of the Global 200 Law Firms, 70% of the Forbes Top 20 Insurance Companies (85% of the NAIC top 50 Property & Casualty Insurers), and 65% of the Fortune 100 Companies.
About Ocean Tomo
Ocean Tomo, a part of J.S. Held, provides Expert Opinion, Management Consulting, Advisory, and Specialty Services focused on matters involving intellectual property (IP) and other intangible assets. Practice offerings address economic damage calculations and testimony; business licensing strategy and contract interpretation; patent-focused business intelligence; portfolio development strategy; litigation support; trade secret reasonable measures; asset and business valuation; strategy and risk management consulting; merger and acquisition advisory; debt and equity private placement; and IP brokerage.
J.S. Held, its affiliates and subsidiaries are not certified public accounting firm(s) and do not provide audit, attest, or any other public accounting services. J.S. Held, its affiliates and subsidiaries are not law firms and do not provide legal advice. Securities offered through PM Securities, LLC, d/b/a Phoenix IB, a part of J.S. Held, member FINRA/ SIPC or Ocean Tomo Investment Group, LLC, a part of J.S. Held, member FINRA/ SIPC. All rights reserved.
Media Contact
Kristi L. Stathis, J.S. Held, +1 786 833 4864, [email protected], JSHeld.com
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Fintech PR
True Global Ventures Invests $7.3 Million in Bay Area based Prezent.AI to Scale the Future of AI-Driven Enterprise Communication in Europe and Asia
THE SAN FRANCISCO BAY AREA, Calif., Dec. 12, 2024 /PRNewswire/ — True Global Ventures (TGV) Opportunity Fund, a venture capital firm focused on transformative AI and Blockchain applications, is proud to announce a $7.3 million investment in Prezent AI, a fast-growing, San Francisco Bay Area-based company revolutionizing enterprise business communication through AI-powered storytelling solutions.
This investment underscores TGV’s commitment to supporting visionary companies led by exceptional entrepreneurs. Prezent AI has emerged as a key innovator in enhancing workplace collaboration and productivity, leveraging artificial intelligence to simplify and elevate how teams create impactful presentations. Over 100 Fortune 2000 companies across industries have unlocked unprecedented efficiency and impact using Prezent’s AI technology, particularly in the BioPharma and Tech-Telecom industries.
Frank Desvignes, Founding Partner of TGV Opportunity Fund, shared:
“Prezent AI’s innovative approach to enterprise business communication through AI-driven solutions perfectly aligns with our commitment to investing in fast-growing companies run by exceptional entrepreneurs like Rajat Mishra. We believe Prezent AI is revolutionizing how teams work and communicate, and we are excited to join them on their journey to shape the future of productivity. We are confident that Prezent can become a global leader and category maker in this space.”
Prezent AI Founder and CEO, Rajat Mishra, expressed his enthusiasm for the partnership:
“As Prezent scales up, we were looking for more than a financial partner in a VC. First, we were looking for someone who deeply understands the vision of building the AI-powered enterprise business storytelling category. Second, someone who can roll their sleeves and work alongside the team. Really add value. And, finally, someone who has a global perspective as Prezent scales to Europe and Asia. I feel incredibly blessed to have met Frank Desvignes and the TGV team.”
This strategic partnership with TGV will enable Prezent AI to accelerate its expansion into Europe and Asia while continuing to innovate in the field of enterprise business storytelling. With its unique AI-driven platform, Prezent AI is on track to set the global standard in business communication, redefining how large organizations in regulated industries such as Life science and Finance approach storytelling and collaboration.
The San Francisco Bay Area remains the epicenter of innovation, particularly in artificial intelligence, with its unparalleled concentration of talent, resources, and groundbreaking ideas. Recognizing this, True Global Ventures (TGV) is committed to fostering the next wave of AI-driven solutions with the potential to transform industries across borders.
TGV’s strategic approach includes supporting San Francisco Bay Area companies, such as Prezent.AI, in their expansion into Europe and Asia, enabling them to access new markets and opportunities. Simultaneously, TGV leverages its extensive network and expertise to help Asian and European companies expand into the U.S. market, driving cross-border growth and innovation.
About Prezent
Prezent is the first Enterprise Business Storytelling Platform for business communication, empowering busy professionals with an AI-driven platform to effortlessly create compelling presentations and narratives. Trusted by Fortune 500 companies and high-growth enterprises, Prezent combines cutting-edge technology with human-centered design with industry-specific AI models to revolutionize storytelling in the workplace.
For more information, visit www.prezent.ai
About True Global Ventures
True Global Ventures is a global venture capital firm with two actively deploying funds: TGV 4 Plus Fund (early stage) and TGV Opportunity Fund (late stage). The firm focuses on technology-driven businesses like late stage AI applications, with a strong track record in Enterprise AI and blockchain investments, supporting ventures that drive transformative change.
For more information, visit www.tgv4plus.com
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The fintech sector is buzzing with developments today, ranging from strategic acquisitions to significant funding rounds and innovative product launches. Here’s an in-depth briefing on the latest news, crafted to keep you ahead of the curve.
IBANera Teams Up with FIS to Launch U.S. Prepaid Card Programme
IBANera, a global financial services provider, has partnered with FIS to roll out a new U.S. prepaid card program. This initiative is set to enhance payment solutions for consumers and businesses alike. By leveraging FIS’s advanced payment processing technology, IBANera aims to provide seamless, secure, and efficient financial services.
This move is part of IBANera’s broader strategy to diversify its offerings and strengthen its foothold in the U.S. market. The prepaid card program is designed to cater to a range of customer needs, from everyday transactions to business expenditures, reflecting a growing demand for flexible financial tools.
Source: Fintech Futures
Abu Dhabi Fintech Secures $500 Million Credit Line from Citi
In a significant development, an Abu Dhabi-based fintech company has secured a $500 million line of credit from Citigroup. This funding aims to bolster the company’s operational capabilities and support its expansion plans.
The credit line highlights Citi’s confidence in the UAE’s burgeoning fintech ecosystem, which is rapidly becoming a global hub for financial innovation. The unnamed fintech’s strategic initiatives include leveraging this capital to enhance its digital platforms, enter new markets, and broaden its product offerings.
Source: Bloomberg
Gen Digital Acquires MoneyLion in $1 Billion Deal
Cybersecurity giant Gen Digital has acquired fintech platform MoneyLion for a whopping $1 billion. This landmark deal underscores the increasing convergence of cybersecurity and financial technology. MoneyLion’s robust financial tools, including personal finance management and investment solutions, will now integrate with Gen Digital’s cybersecurity expertise.
This acquisition is poised to create a unique synergy, offering consumers comprehensive financial and digital protection services. Gen Digital’s move also signifies a broader trend where cybersecurity firms are diversifying their portfolios to include fintech solutions.
Source: Fintech Futures
Australian Fintech Report Highlights Blockchain and Crypto Sector Decline Amid AI Boom
A recent report from Australia sheds light on a contraction in the country’s blockchain and cryptocurrency sector. The decline is attributed to a global pivot toward artificial intelligence (AI) technologies, which are increasingly dominating the innovation landscape.
While blockchain and crypto startups face headwinds, AI-driven fintech solutions are witnessing robust growth. The report suggests that companies are reallocating resources to capitalize on AI’s transformative potential, indicating a significant shift in industry priorities.
Source: Bitcoin.com
Swedish Fintech Mynt Raises €22 Million in Series B Funding
Swedish fintech startup Mynt has successfully closed a €22 million Series B funding round. The funding was led by prominent investors, including local and international venture capital firms.
Mynt specializes in providing innovative financial solutions for small and medium-sized enterprises (SMEs). The new funding will be used to accelerate product development, enhance customer experience, and expand into new European markets. Mynt’s growth trajectory reflects a strong demand for SME-focused fintech services.
Source: Tech.eu
Analysis and Insights
Strategic Partnerships and Product Expansion
IBANera’s collaboration with FIS exemplifies the growing trend of fintechs partnering with established tech providers to co-create innovative solutions. Such partnerships are essential for scaling operations and meeting the ever-evolving demands of customers.
Funding Milestones and Market Confidence
The $500 million credit line secured by the Abu Dhabi fintech indicates a robust level of trust in the MENA region’s fintech potential. This aligns with broader efforts to position the UAE as a global fintech leader.
Mergers and Acquisitions Driving Industry Convergence
The Gen Digital-MoneyLion deal is a testament to the increasing overlap between fintech and cybersecurity. As financial services become more digital, the need for integrated cybersecurity solutions is paramount.
Shifting Technological Priorities
Australia’s report on blockchain and crypto highlights a critical inflection point. The shift towards AI demonstrates how quickly technological priorities can change, urging companies to adapt swiftly to maintain relevance.
Support for SMEs
Mynt’s successful funding round underscores the importance of fintech solutions tailored to SMEs. As SMEs are pivotal to economic growth, fintechs like Mynt play a crucial role in empowering this sector.
Closing Thoughts
Today’s updates showcase the dynamism and resilience of the fintech industry. From strategic partnerships to bold acquisitions and shifts in technological focus, the sector continues to evolve at a remarkable pace. Staying attuned to these developments is essential for stakeholders looking to navigate this ever-changing landscape.
The post Fintech Pulse: Your Daily Industry Brief (IBANera, FIS, Citigroup, Gen Digital, Mynt) appeared first on News, Events, Advertising Options.
Fintech PR
Fintech Abu Dhabi Unites Global Tech Leaders, Reaffirms Abu Dhabi as a Hub for Financial Innovation
ABU DHABI, UAE, Dec. 11, 2024 /PRNewswire/ — Fintech Abu Dhabi returned for its highly anticipated eighth edition, reinforcing its status as the Middle East’s biggest fintech festival. Part of Abu Dhabi Finance Week (ADFW), the flagship event series of ADGM attracted a dynamic mix of global tech leaders, tech innovators, banking institutions, developers, entrepreneurs, and investors who shape the future of finance. With a focus on payments, digital assets, digital security, and credit, the gathering also reaffirmed Abu Dhabi’s position as a global hub for financial innovation.
Commenting on the event, Salem Mohammed Al Darei, CEO of ADGM Authority said, “Fintech Abu Dhabi exemplifies our dedication to innovation, bringing global visionaries together to shape the future of finance and technology. We aim to facilitate meaningful conversations that continue to strengthen a thriving ecosystem coupled with progressive frameworks and a dynamic business environment. By cultivating this we have enabled collaborations where innovation in finance and technology could flourish and reinforce Abu Dhabi’s position as a leading hub for financial innovation and technology.“
Through a series of thought-provoking sessions and high-profile forums, Fintech Abu Dhabi highlighted key trends within this sector. A keynote address by Paul Kayrouz – Chief Fintech Officer at the Central Bank of the UAE shed light on ‘Seeding Success: The UAE as a Global Fintech Hub,’ while the fireside chat on ‘Investing in AI: What Does the Next World Look Like?’ with H.R.H. Prince Khaled bin Alwaleed bin Talal Al Saud – Founder & CEO, KBW Ventures, explored the promise of AI as a transformative asset class, as well as its impact on industries such as finance and health. In a well-attended session, Lord David Cameron – Former Prime Minister of the UK talked about the significant decisions and policies that worked for the UK a decade ago.
Meanwhile, a panel discussion on ‘Has the Unicorn Machine Stopped Working?’ examined the emergence of new unicorns in fintech despite challenges in the venture capital market and examined whether the ecosystem can sustain growth or if consolidation is necessary. For this discussion, representatives from FJ Labs, VentureSouq, Airwallex and Financial Technology Partners took to the stage. The ‘Building the Digital Assets Ecosystem’, panel included renowned names such as Sebastien Danloy – CBO at Euroclear Group, Nadine Chakar – Managing Director & Head of Global Digital Assets at Depository Trust & Clearing Corporation, Domenico Nardelli – Treasurer at Asian Infrastructure Investment Bank (AIIB) and Marianne Demarchi – Chief Executive EMEA at Swift.
This year’s Fintech Abu Dhabi also introduced new forums highlighting the evolving landscape of finance and technology. The inaugural Islamic Finance Summit (IFS) explored the future of Shariah-compliant finance and its alignment with sustainable finance and the DLT Foundations Roundtable focused on regulatory frameworks for distributed ledger technologies and digital assets. Returning forums such as AI Abu Dhabi, Blockchain AD, and the Risk 4.0 Forum addressed the key challenges and opportunities for technology and finance.
On stage, Richard Teng, CEO of Binance and Jeremy Allaire, CEO of Circle Internet Financial – —the issuer of USDC, announced a strategic partnership that will accelerate global USDC and crypto adoption. Other key participants included Lily Lui – President of Solana Foundation, Konstantin Richter – CEO of Blockdaemon, Jonathan Levin, Co-founder and CSO of Chainalysis, Rebecca Rettig – Chief Legal & Policy Officer at Polygon Labs and Angela Walker – Global Head of Banking & Capital Markets at Chainlink Labs.
Becoming a stage for strategic partnerships, ADFW has witnessed over 30 Memorandums of Understanding (MoU) signed so far. This includes a couple of major MoUs signed by ADGM today; the first one with PaloAlto Networks and the second one with Ma’an.
Fintech Abu Dhabi also featured the MENA Fintech Awards recognising excellence in the fintech sector, and the ADFW Startup Campus and Venture Park, where local startups pitched their innovations to potential investors.
The various forums hosted today highlight Fintech Abu Dhabi’s commitment to fostering discussions that empower participants to thrive in a rapidly evolving financial ecosystem.
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