KUALA LUMPUR, April 25 (Bernama) -- CertiK, the leading global Web3 and blockchain security firm, has announced an additional US$60 million investment from SoftBank Vision Fund 2 and Tiger Global. (US$1 = RM4.332)
According to a statement, this marks SoftBank’s first venture into the Web3 security space. “We’re very pleased with this follow-up to our latest round of transaction. These contributions further underscore the importance of web3 security and will help us to further protect the blockchain industry, and build trust in the crypto project community,” said CertiK founder and CEO, Ronghui Gu. “Events such as cross-chain attacks, flash loans, rug pulls and more have demonstrated the need for end-to-end web3 security that we’re proud to be able to offer, including smart contract auditing, 24/7 threat monitoring, and KYC.” Meanwhile, Managing Partner at SoftBank Investment Advisers, Dennis Chang said: “We believe CertiK combines deep expertise in cybersecurity, blockchains, and systems verification to provide companies with a leading solution in blockchain security and auditing. We are delighted to partner with Professor Gu and the team to support their mission of securing the Web3 world.” CertiK’s US$88 million series B3 round and US$2 billion valuation were announced within the past month, led by Insight Partners. This additional funding brings the total amount invested in CertiK over the past nine months to US$290 million. CertiK’s mission is to secure the Web3 world through an end-to-end set of security services, providing clients with a one-stop-shop for all their security needs. The growing demand for Web3 security has driven the need for further development and operation of more innovative and data-driven security products for the blockchain industry. CertiK is meeting these demands through innovative products like Security Leaderboard, Code Auditing, and Skynet, a 24/7 threat monitoring service. It also recently launched its KYC and fraud detection service in response to the growing trend around project rug-pulls and scams. More details at https://www.certik.com/ -- BERNAMA KUALA LUMPUR, April 21 (Bernama) -- A new study from Juniper Research has found that global regtech spend will exceed US$204 billion by 2026; accounting for over 50 per cent of all regulatory compliance spend for the first time. (US$1 = RM4.283)
According to a statement, this spend will grow from US$68 billion in 2022; representing growth of over 200 per cent over the next four years. The report identified the integration of regtech services with BaaS (Banking-as-a-Service) models as key to realising this future market growth. The new research, Regtech: Emerging Trends, Regulatory Impact & Market Forecasts 2022‑2026, predicts that BaaS models, which include outsourcing regtech services such as digital onboarding, will be key in accelerating AI-based automation for online document verification and KYC (Know Your Customer) processes. AI-powered onboarding enables financial institutions to benefit from real-time progress reporting and automation, which help meet rising client expectations and reduce compliance cost. According to the research, 26 per cent of digital onboarding processes in the banking market will use AI systems by 2026, compared to just eight per cent in 2022. Beyond digital onboarding, the report suggests that regtech will leverage BaaS models to swiftly expand the use of AI in banking for more comprehensive tasks, including fraud detection and mitigation. Research author Harshada Thok explains: “Whilst the current benefits of AI are clear to regtech vendors, the immediate focus must be on ensuring the algorithms are fed the most relevant data to maximise their efficiency in verifying digital identities and future use cases. “In turn, this will provide a differentiation point for regtech vendors in an increasingly competitive market.” Juniper Research provides research and analytical services to the global hi-tech communications sector; providing consultancy, analyst reports, and industry commentary. -- BERNAMA KUALA LUMPUR, April 21 (Bernama) -- Anaqua, the leading provider of innovation and intellectual property management technology, has announced plans for the release of its new automated information disclosure solution as part of its AQX IP management offering for corporations and law firms.
The new system will help IP professionals save time and money by streamlining and automating the IDS process. By integrating with USPTO (Private PAIR) and leveraging optical character recognition (OCR) technology on PTO forms (892 and 1449), and international forms and search reports, Anaqua’s IDS system automatically extracts and processes data into an IDS form (SB/08) in just one click. The system also uses external patent data (AcclaimIP), machine learning, and AI tools to automate citation workflow, allowing IP professionals to be in control in managing citations. “We are committed to delivering capabilities that drive value for our clients in every aspect of the IP management lifecycle and in this case automating the IDS process,” said Anaqua CEO, Bob Romeo in a statement. “Our team is responding to our clients by delivering one of the most efficient and intuitive IDS management systems in the market. “We look forward to our customers experiencing increased efficiency and accuracy during their IDS management processes with this release.” Anaqua’s global operations are headquartered in Boston, with offices across the U.S., Europe, and Asia. -- BERNAMA |
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