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Honeywell Integrates Intel® Vision Products To Add Artificial Intelligence Capabilities To Video Security And Surveillance

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Honeywell (NYSE: HON) today announced a first-of-its-kind technology integration with Intel that will enable new artificial intelligence (AI) capabilities in its MAXPRO® connected security platform. The new security platform, which will support MAXPRO Network Video Recorders (NVR) and Video Management Systems (VMS), will incorporate Intel® Vision products that enable advanced analytics, deep learning and facial recognition capabilities. These greatly enhanced security solutions will drive cost and time savings by significantly reducing false alarms and will meet compliance requirements such as General Data Protection Regulation (GDPR) through identity anonymization.

“Ensuring the security of commercial buildings and the safety of those within them has always been Honeywell’s top priority,” said Pete Lau, President, Commercial Security, Honeywell. “With emerging technology like analytics, facial recognition and deep learning, Honeywell and Intel are connecting buildings and protecting people like never before.”

Advances in security and surveillance technology have increased demand for high-definition video and imaging offered by Internet Protocol (IP) cameras. The video surveillance global market is estimated to exceed $68 billion by 2023. At the same time, the technology to properly process the surge in vision data has lagged. End users require a solution that combines both building security and IT systems to address the challenge.

The integration of Intel Vision Products into the Honeywell MAXPRO NVR and VMS products will result in solutions that enhance site security and operator productivity. These integrated, customizable products will accelerate the processing time of each video stream and increase the number of cameras that can stream in real time through a single device. The adoption of Intel® Vision Accelerator Design products will provide Honeywell’s security offerings with advanced AI capabilities with computational efficiency, allowing them to analyze video data with improved detection accuracy.

With rapid advances in AI technology fueled by the influx of enormous amounts of visual data, our customers are presented with powerful new opportunities in multiple areas including edge video analytics and security,” said Jonathan Ballon, Vice President, Intel Internet of Things Group. “The Honeywell MAXPRO solution, powered by Intel Vision Products, allows customers to process and analyze visual data in near real-time to make decisions faster, drive faster time to results and help ensure secure buildings, campus environments and banking institutions.”

Beyond the software and hardware integrations, the partnership will also leverage the Intel® Distribution of OpenVINO™toolkit, which fast tracks the development of computer vision and deep learning inference into vision applications. Through the toolkit, end users can accelerate computer vision performance, shorten vision solution development, and streamline deep learning inference and deployment.

The toolkit’s deep learning capabilities will support Honeywell’s Face Recognition analytics, providing another layer of detail in the software that allows it to learn faces of known entities in an organization. The software is also capable of removing face recognition data it doesn’t recognize in compliance with GDPR requirements.

Honeywell will join the Intel IoT Solutions Alliance (ISA) and participate in Intel IoT RFP Ready Kits. A global organization comprised of more than 250 technology companies, ISA is dedicated to the development of scalable IoT and machine internet solutions. Intel IoT RFP Ready Kits are focused technology offerings that solve a class of market problems, have been deployed and tested in the field, and provide bundled hardware, software and support. The technology is designed to grow with customer requirements.

Honeywell MAXPRO and Face Recognition are among a suite of vision security solutions alongside Xtralis LoiterTrace, an image analysis tool that identifies and tracks suspicious activity, and Xtralis IntrusionTrace, a video analytics program for real-time intrusion detection. The solutions suite is ideal for high traffic, sensitive environments including enterprise campuses, pharmaceutical companies, and banking and financial institutions.

Honeywell Building Technologies (HBT) is a global business with more than 23,000 employees. HBT creates products, software and technologies found in more than 10 million buildings worldwide. Commercial building owners and occupants use our technologies to ensure their facilities are safe, energy efficient, sustainable and productive. For more news and information on Honeywell Building Technologies, visit http://www.honeywell.com/newsroom.

Honeywell (www.honeywell.com) is a Fortune 100 technology company that delivers industry specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help everything from aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable.  For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

Intel (NASDAQ: INTC), a leader in the semiconductor industry, is shaping the data-centric future with computing and communications technology that is the foundation of the world’s innovations. The company’s engineering expertise is helping address the world’s greatest challenges as well as helping secure, power and connect billions of devices and the infrastructure of the smart, connected world – from the cloud to the network to the edge and everything in between. Find more information about Intel at newsroom.intel.com and intel.com.

 

SOURCE Honeywell

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MetricStream Wins “GRC Product of the Year” at the 2019 Risk Technology Awards Hosted by Risk.net

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MetricStream, a market leader in governance, risk, and compliance (GRC) apps and solutions, announced today that its Enterprise GRC Solution has been awarded the “GRC product of the year” at the 2019 Risk Technology Awards, hosted by Risk.net.

“We’re honored to win this award,” said Gaurav Kapoor, Chief Operating Officer, MetricStream. “We believe that it validates the strength, breadth, and depth of our GRC/IRM offerings, as well as our focus on continuous innovation—reflected most prominently in our GRC cloud, advances in predictive analytics, automation, and AI. Our mission is to enable organizations to ‘Perform with Integrity™’. To that end, we’re deeply committed to forging long-term partnerships with our customers and supporting them throughout their integrated GRC journeys.”

The annual Risk.net awards recognize the need for innovative technology solutions to manage risk in a highly dynamic and complex business environment. The average financial services firm faces a plethora of risks, ranging from cyber threats and regulatory pressures, to fintech related disruptions and money laundering issues. As these risks grow more interconnected, siloed approaches to GRC are rapidly giving way to more integrated solutions.

The MetricStream Enterprise GRC platform provides a single, unified system to manage, coordinate, and track multiple types of GRC activities. The solution cuts across organizational silos, enabling a holistic and collaborative approach to GRC. Users can efficiently roll up operational risk, audit, compliance, Cyber and third-party risk information from across the enterprise, and transform it into actionable business intelligence to support decision-making. With support for mobility, real-time reporting, advanced risk analytics, and regulatory notifications, the MetricStream solution helps users manage complex risk requirements in an efficient manner.

Top industry analysts have consistently recognized MetricStream as a leader in GRC/IRM. The company’s wide range of solutions and underlying GRC platform are leveraged by leading financial services firms worldwide, including large global banks, mid-sized banks, private equity investors, investment banks, wealth managers, insurance firms, asset management companies, federal financial agencies, and clearing corporations.

 

SOURCE MetricStream

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MPOWER Financing rated Top international student lender by Nerdwallet and U.S. News

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MPOWER Financing, a mission-driven fintech that provides financial access to higher education for high-promise international and DACA students, was recognized by both Nerdwallet and U.S. News & World Report as the top student loan provider for international students.

Nerdwallet, a comparison website for personal finance products, awarded MPOWER a 5-star rating for its student loans, indicating that its products are “among the very best for consumer-friendly features.” Nerdwallet also commended MPOWER for offering loans that are “ideal for international and DACA students without a co-signer or U.S. credit history.” MPOWER’s loans are available to students from around the world for both graduate and undergraduate degrees at more than 350 top universities in the U.S.and Canada.

U.S. News & World Report recognized MPOWER Financing as the “best lender for international students.” This determination was made on the basis of MPOWER’s product offerings, cost, customer servicing ratings, eligibility, and other features. U.S. News also detailed that MPOWER’s underwriting process considers a student’s academic success and career path – a process that is enabled by MPOWER’s use of big data analytics and artificial intelligence.

“I was having a tough time obtaining education loans from India without collateral,” wrote Kaushik Krishnan, one of MPOWER’s early students. “MPOWER was truly life changing for me. I’ve since graduated from my Masters program, found a job, and paid off my loan.”

“MPOWER allowed me to achieve my dream,” said Sol Bee, a South Korean student. “I was admitted to Berkeley in Fall 2016, but I couldn’t afford it at the time. MPOWER empowered me to be who I wanted to be by allowing me to take control of my finances and my life.”

“We’re honored by the industry recognition we’ve received, and the hundreds of heartfelt stories we get from students whom we have the privilege to serve,” says Manu Smadja, Co-founder and CEO of MPOWER. “We’re working hard to further improve our customer experience and to remain the best international student lending product on the market.”

MPOWER Financing, headquartered in Washington, D.C., and with offices in Bengaluru, New York City, and Toronto, is a mission-driven fintech company and provider of global educational loans. It is the only student lender in the world that leverages both overseas and domestic credit data, as well as future earning potential, to serve high-promise international and DACA students. MPOWER Financing works with over 350 top universities and colleges across the U.S. and Canada to provide financing to students from over 200 countries. Since 2014, it has received over $1B in loan application volume on its platform. MPOWER Financing helps students build their credit histories and provides them with personal finance education and career support to help prepare for life after school. The team is backed by Zephyr Management, Goal Structured Solutions, Gray Matters Capital, Lloyd Crescendo Advisors, 1776, Village Capital, Potentia, Breega, VARIV, DreamIt, Fresco, Chilango, Common Sense Fund, K Street, and University Ventures.

 

SOURCE MPOWER Financing

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nCino Acquires Visible Equity to Drive Deeper Insights, Compliance and Advanced Analytics for the Financial Services Industry

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nCino, the worldwide leader in cloud banking, today announced that it has acquired Visible Equity, a market-leading financial analytics and compliance software company based in Salt Lake City, Utah. This strategic acquisition leverages the unique strengths and joint synergies of each company to further drive and accelerate transformation in financial services.

Founded in 2008, Visible Equity is a software as a service (SaaS) company that provides portfolio management, analytics and compliance solutions to banks and credit unions. The combination of Visible Equity’s advanced analytics software with nCino’s best-in-class Bank Operating System brings new functionality and benefits to end users, including:

  • Enhanced portfolio management with increased analytical insights across any financial institution’s portfolio, drilling down to individual deposits and loans;
  • Increased confidence in overall portfolio risk assessment including probability of default and loss-given default models;
  • Regulatory compliance combined with state-of-the-art analytics to manage, monitor and comply with fair lending; and
  • A comprehensive ALLL/CECL solution that effectively accounts, through robust models, for loan impairment and expected loss, and instantly produces reports and disclosures.

“Visible Equity is a perfect complement to our vision, mission and company culture,” said Pierre Naudé, CEO of nCino. “From the very beginning, nCino’s mission has been to transform financial services through innovation, reputation and speed, and we believe this acquisition will further enable us to execute on that mission. We’re extremely excited to expand the nCino Bank Operating System to provide even more advanced analytics and compliance capabilities to our clients, enabling them to drive greater insights, efficiency and risk management while furthering their customer relationships.”

Tara Lathrop, Supervisor of Leadership Support and Innovative Solutions at Corning Credit Union, said, “The industry is changing at a rapid pace and digital transformation and risk management is a continuous journey and challenge. Our members and employees are constantly looking for best-in-class technology, process efficiency, data insights, and risk management tools. These are the reasons why we already partnered with nCino and Visible Equity. Both companies have always had a philosophy of being able to fully support and scale with their clients and this acquisition highlights nCino’s vision of being able to offer more to respond to changing industry and client needs. We’re very excited about this combination, particularly as we continue to grow and scale as an organization.”

“Joining the nCino team is the right move for us and a natural fit,” added Brad Hansen, President and CEO of Visible Equity. “We share with them a passion for innovation, a laser-focus on customer success and a commitment to culture. A key driver of our desire to become part of the nCino family is their industry-leading Bank Operating System and ability to support a global client base of enterprise, regional and community financial institutions. We’re excited to share our insights and experience and look forward to further transforming financial services together.”

While Visible Equity and nCino will continue to offer their products separately to the market, the two platforms will become fully integrated to provide a seamless client and cloud-based experience, as well as an unparalleled portfolio management and regulatory compliance platform.

 

SOURCE nCino

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