Citi and Ant International announced today that they are piloting the use of Ant International's Falcon Time-Series Transformer (TST) Model to deliver an enhanced FX risk management solution for their customers. Developed with aviation clients as an initial use case, the solution aims to offer greater payment solutions for the airline industry, which processes billions of payment transactions annually. With airline travel set to continue growing, the joint solution combines Ant International'...

Experian today announced the launch of Experian Assistant for Model Risk Management, a first-of-its-kind solution to help financial institutions govern and manage models more efficiently across the entire model‑development lifecycle. Fully integrated into the Experian Ascend Platform™ and powered by ValidMind technology, this solution helps accelerate model validation, improve auditability and transparency, and may aid financial institutions in reducing regulatory and reputational risk. This la...

Andersen Global debuts the firm name in Botswana as AccPro Accountants becomes the latest member firm to join the organization. The addition of Andersen in Botswana enhances the organization’s multidisciplinary service model across the African region. Andersen in Botswana offers a comprehensive range of services, including tax advisory, tax compliance, company secretarial, payroll, and financial services. Led by Managing Partner Craig Granville, the firm’s team works with local and internatio...

Mindbreeze, a global leader in AI-powered knowledge management solutions, introduced integrated support for multimodal Large Language Models (LLMs) to its flagship product, Mindbreeze InSpire. This enhancement enables enterprises to seamlessly process and analyze mixed data types—including text, images, videos, and audio files—within a single product. “Mindbreeze InSpire applies enterprise-grade AI to analyze text, images, videos, and audio files,” said Daniel Fallmann, Founder and CEO of Min...

Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today that Ares Alternative Credit funds (“Ares Alternative Credit”) have entered into a definitive agreement for the acquisition of a 20% stake in Plenitude, a leader in energy transition controlled by Eni, for approximately €2 billion. The consideration implies an enterprise value for Plenitude of over €12 billion. Completion of the transaction is subject to customary regulatory appro...

Rokid, a pioneer in augmented reality (AR), today launched Rokid Glasses, its latest AR device. In China, the product supports in-store payments facilitated by Alipay’s digital payment technology and multidimensional risk control solution for AR glasses, providing a seamless and secure payment experience. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250617845457/en/Rokid partners with Alipay to launch China’s first AR glasses with...

Intelsat, operator of one of the world’s largest integrated satellite and terrestrial networks, announced today a groundbreaking partnership with Academy Award-winning actor and humanitarian Forest Whitaker’s nonprofit, the Whitaker Peace & Development Initiative (WPDI), to revolutionize access to education in conflict-affected regions across Africa. The collaboration will deliver for the first time high-speed internet connectivity to WPDI’s Community Learning Centers in South Sudan and Uga...

According to Omdia's Industrial and Public Display & OEM Intelligence Service, global industrial display panel shipments reached 281.1 million units in 2024 and are expected to grow 3.4% year-on-year (YoY) to 290.6 million units in 2025. This growth is primarily attributed to the “smart home and office” segment, which accounts for 64% of total shipments this year. A major factor behind this surge is the recent launch of the Nintendo Switch 2 featuring a 7.9-inch LTPS gaming console display....

Kioxia Corporation, a world leader in memory solutions, today announced that it has begun sampling new Universal Flash Storage(2) (UFS) Ver. 4.1 embedded memory devices, reinforcing its leadership in high-performance storage. Engineered to meet the demands of next-generation mobile applications, including advanced smartphones with on-device AI, the new devices offer improved performance with greater power efficiency(3), in a small BGA package. This press release features multimedia. View the f...