Category: Press Releases

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Duck Creek Technologies Elevates Claims Management with CAMCOM Partnership: Revolutionizing Visual Inspections in the Asia-Pacific Insurance Landscape

MUMBAI, India, Jan. 03, 2024 (GLOBE NEWSWIRE) — Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, announces its new partnership with CAMCOM, an industry-agnostic AI-powered platform for visual inspections. Through this collaboration, CAMCOM aims to enhance Duck Creek Claims’ capabilities in optimizing and streamlining the vehicle inspection process.

The collaboration between CAMCOM and Duck Creek creates a powerful synergy in visual inspection and insurance claims management. CAMCOM introduces its AI technology to identify and assess damages on various vehicle parts for Duck Creek Claims customers in APAC (Asia-Pacific). The CAMCOM AI Damage Assessment and Cost Estimation Integration is designed to identify motor vehicles, discern their make and model, analyze individual visible parts, and accurately evaluate damages. The results include preliminary recommendations for a course of action, whether it involves repairs or replacements, accompanied by detailed cost estimations. This integration empowers a more efficient and practical approach to vehicle inspection within the insurance claims ecosystem.

“Duck Creek is committed to ensuring our technology platform provides an exceptional customer experience and simplifies insurance for all,” said Sudeep Chatterjee, Country Commercial Director, India, Duck Creek Technologies. “I am excited that our strategic partnership with CAMCOM is geared towards enabling modern, efficient, and dependable technology solutions where customers can feel secure with a seamless claims experience.”

“We are delighted that our strategic partnership with Duck Creek Technologies will allow our AI-powered solutions to create a paradigm shift in digital-based claim services. The partnership will help reinforce Duck Creek’s commitment to its customer-first approach by enhancing the digital experiences for claim settlements and provides a high value to the customers through complete transparency,” said Uma Mahesh, Co-founder and Chief Revenue Officer of CAMCOM.

About Duck Creek Technologies

Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and Twitter.

About CamCom

CamCom is an award-winning, industry-agnostic Computer Vision (CV) platform for defect/damage assessment and identification of anomalies on all surfaces comprised of metal, plastic, or glass. We are pioneers in leveraging CV and associated technologies in the visual inspection process. In production with leading players in the automotive ecosystem, the platform provides solutions which create visual audit trails of vehicles from end-of-line to end-of-life. The CamCom Artificial Intelligence solutions increase efficiency, prevent defective seepage, and offer non-linear scalability. For more information, please visit: https://camcom.ai/

Media Contacts:
Carley Bunch
carley.bunch@duckcreek.com

GlobeNewswire Distribution ID 9011604

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80 ประเทศเข้าร่วมการประชุมโต๊ะกลมระดับรัฐมนตรี

FMF เสริมสร้างความเป็นผู้นำของราชอาณาจักรในการทำให้พหุภูมิภาค (Super Region) มีส่วนร่วมในอุตสาหกรรมโลหะแห่งอนาคต

ริยาด, ซาอุดีอาระเบีย, Jan. 04, 2024 (GLOBE NEWSWIRE) — ฟิวเจอร์ มิเนอรัลส์ ฟอรัม (Future Minerals Forum หรือ FMF) ได้ประกาศในวันนี้ว่า การประชุมโต๊ะกลมระดับรัฐมนตรีที่กำหนดจะจัดขึ้นในวันที่ 9 มกราคม 2024 ซึ่งจะจัดก่อนการประชุมครั้งที่ 3 จะมีผู้เข้าร่วมจำนวนมากที่สุดเป็นประวัติการณ์ กว่า 45 ประเทศ จาก 80 ประเทศที่ยืนยันว่าจะเข้าร่วม จะส่งรัฐมนตรีเข้าร่วมหารือกับผู้มีส่วนได้ส่วนเสียในการประชุมครั้งนี้ นอกเหนือจากองค์กรทางการระหว่างประเทศ 20 องค์กร องค์กรพัฒนาเอกชน 30 องค์กร และสมาคมธุรกิจ 13 สมาคม

ในฐานะที่เป็นการประชุมระดับสูงสุดเกี่ยวกับแร่ธาตุของโลก การประชุมโต๊ะกลมนี้ถือเป็นจุดเปลี่ยนประวัติศาสตร์สำหรับภาคเหมืองแร่และโลหะทั่วโลก การมีส่วนร่วมของพหุภูมิภาคนี้ครอบคลุมถึงภูมิภาคต่างๆ ตั้งแต่แอฟริกาไปจนถึงเอเชียตะวันตกและเอเชียกลาง ตลอดจนบทบาทผู้นำของราชอาณาจักรในภาคส่วนนี้และในภูมิภาค

การประชุมโต๊ะกลมระดับรัฐมนตรีเป็นโครงการริเริ่มที่ก่อตั้งโดยซาอุดีอาระเบียโดยมีผู้มีส่วนได้ส่วนเสียหลายฝ่ายของรัฐบาลเข้าร่วม การประชุมนี้มีเพื่อเสริมสร้างความร่วมมือระหว่างประเทศในการผลิตแร่ธาตุสำคัญที่เกี่ยวข้องกับการเปลี่ยนแปลงภาคพลังงาน การประชุมเกิดขึ้นเมื่อภาคแร่ธาตุเผชิญกับความท้าทายที่ไม่เคยเกิดขึ้นมาก่อนซึ่งได้รับแรงหนุนจากความต้องการที่เพิ่มขึ้นในด้านแร่ธาตุและโลหะที่สร้างความเปลี่ยนแปลงด้านพลังงาน ซึ่งทุกประเทศกำลังแข่งขันกันเพื่อรักษาไว้ซึ่งห่วงโซ่อุปทานที่มั่นคง

นอกจากนี้ การประชุมโต๊ะกลมระดับรัฐมนตรีดังกล่าวยังส่งเสริมความสำคัญของความร่วมมือเพื่อรับมือกับความท้าทายระดับโลกที่คาดการณ์ไว้นี้

ฯพณฯ Khalid Al-Mudaifer รัฐมนตรีช่วยว่าการกระทรวงเหมืองแร่ เน้นย้ำว่าจำนวนรัฐมนตรีที่ยืนยันจะเข้าร่วมการประชุมโต๊ะกลมสะท้อนให้เห็นถึงน้ำหนักทางการเมืองและเศรษฐกิจของราชอาณาจักรและความสำคัญที่เพิ่มขึ้นของแร่ธาตุในช่วงไม่กี่ปีที่ผ่านมา จำนวนผู้เข้าร่วมในระดับนี้แสดงให้เห็นว่า FMF ได้พัฒนาขึ้นเป็นแพลตฟอร์มชั้นนำระดับโลกในการกำหนดอนาคตของแร่ธาตุ ฯพณฯ ยังกล่าวอีกว่า “การเป็นตัวแทนระดับสูงของรัฐบาลจากประเทศที่ผลิตและใช้แร่ธาตุ หมายความว่ารัฐบาลต่างๆ จากทั่วโลกตระหนักถึงความสำคัญของแร่ธาตุ ในขณะที่ทุกคนต่างก็พยายามรักษาไว้ซึ่งห่วงโซ่อุปทานที่เชื่อถือได้สำหรับตนเอง ซึ่งสิ่งนี้เกี่ยวข้องเป็นพิเศษกับแร่ธาตุเชิงกลยุทธ์ที่มีความสำคัญต่อโครงการและโปรแกรมเปลี่ยนแปลงพลังงานต่างๆ และอุตสาหกรรมที่เกี่ยวข้อง”

การประชุมโต๊ะกลมในครั้งนี้ประกอบด้วยการอภิปรายเกี่ยวกับการแข่งขันที่ตลาดโลหะกำลังเผชิญอยู่ในระดับนานาชาติ ตลอดจนวิธีสร้างพื้นที่ให้ประเทศต่างๆ เพื่อบรรลุข้อตกลงระหว่างกันท่ามกลางการแข่งขันครั้งนี้

ติดต่อด้านสื่อ:
Omar Shereen
Omar.shereen@fleishman.com
+966 50 663 0489

GlobeNewswire Distribution ID 1000907098

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New research harnesses AI and satellite imagery to reveal the expanding footprint of human activity at sea

Study reveals 75 percent of the world’s industrial fishing vessels are hidden from public view

WASHINGTON, D.C., Jan. 03, 2024 (GLOBE NEWSWIRE) — A new study published today in the journal Nature offers an unprecedented view of previously unmapped industrial use of the ocean and how it is changing.

The groundbreaking study, led by Global Fishing Watch, uses machine learning and satellite imagery to create the first global map of large vessel traffic and offshore infrastructure, finding a remarkable amount of activity that was previously “dark” to public monitoring systems.

The analysis reveals that about 75 percent of the world’s industrial fishing vessels are not publicly tracked, with much of that fishing taking place around Africa and south Asia. More than 25 percent of transport and energy vessel activity are also missing from public tracking systems.

“A new industrial revolution has been emerging in our seas undetected—until now,” said David Kroodsma, director of research and innovation at Global Fishing Watch and co-lead author of the study. “On land, we have detailed maps of almost every road and building on the planet. In contrast, growth in our ocean has been largely hidden from public view. This study helps eliminate the blind spots and shed light on the breadth and intensity of human activity at sea.”

Researchers from Global Fishing Watch, the University of Wisconsin-Madison, Duke University, UC Santa Barbara and SkyTruth analyzed 2 million gigabytes of satellite imagery spanning 2017-2021 to detect vessels and offshore infrastructure in coastal waters across six continents where more than three-quarters of industrial activity is concentrated.

By synthesizing GPS data with five years of radar and optical imagery, the researchers were able to identify vessels that failed to broadcast their positions. Using machine learning, they then concluded which of those vessels were likely engaged in fishing activity.

“Historically, vessel activity has been poorly documented, limiting our understanding of how the world’s largest public resource—the ocean—is being used,” said co-lead author Fernando Paolo, senior machine learning engineer at Global Fishing Watch. “By combining space technology with state-of-the-art machine learning, we mapped undisclosed industrial activity at sea on a scale never done before.”

While not all boats are legally required to broadcast their position, vessels absent from public monitoring systems, often termed “dark fleets,” pose major challenges for protecting and managing natural resources. Researchers found numerous dark fishing vessels inside many marine protected areas, and a high concentration of vessels in many countries’ waters that previously showed little-to-no vessel activity by public monitoring systems.

“Publicly available data wrongly suggests that Asia and Europe have similar amounts of fishing within their borders, but our mapping reveals that Asia dominates—for every 10 fishing vessels we found on the water, seven were in Asia while only one was in Europe,” said co-author Jennifer Raynor, assistant professor of natural resource economics at the University of Wisconsin-Madison. “By revealing dark vessels, we have created the most comprehensive public picture of global industrial fishing available.”

The study also shows how human activity in the ocean is changing. Coinciding with the COVID-19 pandemic, fishing activity dropped globally by about 12 percent, with an 8 percent decline in China and a 14 percent drop elsewhere. In contrast, transport and energy vessel activity remained stable.

Offshore energy development surged during the study period. Oil structures increased by 16 percent, while wind turbines more than doubled. By 2021, turbines outnumbered oil platforms. China’s offshore wind energy had the most striking growth, increasing ninefold from 2017 to 2021.

“The footprint of the Anthropocene is no longer limited to terra firma,” said co-author Patrick Halpin, professor of marine geospatial ecology at Duke University. “Having a more complete view of ocean industrialization allows us to see new growth in offshore wind, aquaculture and mining that is rapidly being added to established industrial fishing, shipping and oil and gas activities. Our work reveals that the global ocean is a busy, crowded and complex industrial workspace of the growing blue economy.”

The study highlights the potential of this new technology to tackle climate change. Mapping all vessel traffic will improve estimates of greenhouse gas emissions at sea, while maps of infrastructure can inform wind development or aid in tracking marine degradation caused by oil exploration.

“Identifying offshore infrastructure is critical for understanding offshore energy development impacts and trends, and is crucial data for our work to detect marine pollution events and hold responsible parties to account,” said co-author Christian Thomas, a geospatial engineer at SkyTruth.  

The open data and technology used in the study can help governments, researchers and civil society to identify hotspots of potentially illegal activity, determine where industrial fishing vessels may be encroaching on artisanal fishing grounds, or simply better understand vessel traffic in their waters.

“Previously, this type of satellite monitoring was only available to those who could pay for it. Now it is freely available to all nations,” concluded Kroodsma. “This study marks the beginning of a new era in ocean management and transparency.”

The study was made possible thanks to the generous support of Bloomberg Philanthropies, National Geographic Pristine Seas and Oceankind, and our technology partner, Google. As an awardee of The Audacious Project, a collaborative funding initiative that is catalyzing social impact on a grand scale, Global Fishing Watch is able to further the application of this innovative work.

Notes to the editor:

  • Download supporting data visualizations and figures from the paper here: Media kit
  • Download the data at: https://globalfishingwatch.org/datasets-and-code
  • Data providers: The co-authors of the study wish to acknowledge the contribution from the following technology and data providers; AIS: Spire, ORBCOMM; Radar and optical imagery: European Space Agency (ESA); and Computing resources: Google / Earth Engine.

Global Fishing Watch is an international nonprofit organization dedicated to advancing ocean governance through increased transparency of human activity at sea. By creating and publicly sharing map visualizations, data and analysis tools, we aim to enable scientific research and transform the way our ocean is managed. We believe human activity at sea should be public knowledge in order to safeguard the global ocean for the common good of all.

Attachments

Sarah Bladen
Global Fishing Watch
+44 79 20333832
sarah.bladen@globalfishingwatch.org

Lisa Tossey
Global Fishing Watch
+1 302 4486638
lisa.tossey@globalfishingwatch.org

GlobeNewswire Distribution ID 9012061

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CIP and Avangrid Announce First Power from Vineyard Wind 1

Developers complete early-stage commissioning work to deliver first-ever power from offshore wind to Massachusetts

Vineyard Wind 1 Turbine

A GE Haliade-X Turbine Stands in the Vineyard Wind 1 Project Area South of Martha’s Vineyard. Photo Credit: Worldview Films

BOSTON, Jan. 03, 2024 (GLOBE NEWSWIRE) — Copenhagen Infrastructure Partners (CIP), a global leader in greenfield renewable energy investments, and Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced that power from the Vineyard Wind project was delivered to the New England grid for the first time. As part of the initial commissioning process, at 11.52 pm on Tuesday, January 2, 2024, one turbine delivered approximately five megawatts of power, with additional testing expected to happen both on and offshore in the coming weeks. The project expects to have five turbines operating at full capacity early in 2024.

“This is a historic moment for the American offshore wind industry,” said Massachusetts Governor Maura Healey. “Soon, Vineyard Wind will be producing power equivalent to over 400,000 Massachusetts households. This is clean, affordable energy made possible by the many advocates, public servants, union workers, and business leaders who worked for decades to accomplish this achievement. As we look ahead, Massachusetts is on a path toward energy independence thanks to our nation-leading work to stand up the offshore wind industry.”

“This truly is a milestone for offshore wind and the entire renewable industry in North America. For the first time we have power flowing to the American consumers from a commercial-scale wind project, which marks the dawn of a new era for American renewables and the green transition,” said Tim Evans, Partner at CIP, and Head of North America. “By delivering first power, we have broken new ground and shown a viable path forward with power that is renewable, locally produced, and affordable. Much of the credit for this milestone must go to our local partners, labor leaders and the project’s skilled union workforce, and local communities from New Bedford to Barnstable.”

“2023 was a historic year defined by steel in the water and people at work. Today, we begin a new chapter and welcome 2024 by delivering the first clean offshore wind power to the grid in Massachusetts,” said Avangrid CEO Pedro Azagra. “We’ve arrived at a watershed moment for climate action in the U.S., and a dawn for the American offshore wind industry. As we build on this tremendous progress and work to deliver the full capacity of this historic project, we continue to stand proudly with all the partners that made this achievement possible, including the Biden Administration and the Healey-Driscoll Administration.”

Power from the project interconnects to the New England grid in Barnstable, transmitted by underground cables that connect to a substation further inland on Cape Cod. Once completed, the project will consist of 62 wind turbines generating 806 Megawatts, enough to power more than 400,000 homes and businesses in Massachusetts.

Vineyard Wind 1 is jointly owned by CIP through its flagship fund, CI II and III and Avangrid. The project is being developed and constructed by Avangrid and Vineyard Offshore, CIP’s affiliated development company working on U.S. offshore projects. In August 2022, Avangrid signed an agreement to assume responsibility as the operations and maintenance services provider for Vineyard Wind 1 once the project achieves commercial operations.

“I congratulate Vineyard Wind on this important, hard-won milestone, demonstrating yet again that offshore wind in America is real, and that the Port of New Bedford is well-suited to support the industry,” said New Bedford Mayor Jon Mitchell. “This is a great way to kick off 2024.”

From the outset of this project, Vineyard Wind recognized the importance of building and supporting a workforce of local, highly skilled, and diverse tradespeople. The valuable collaboration with union leadership on this project is a prime example of how this new industry can be a responsive member of the communities it serves, ensuring accessible and family-sustaining careers.

Vineyard Wind began offshore construction in late 2022, achieved steel-in-the-water in June, and completed the nation’s first offshore substation in July. Construction flows through the New Bedford Marine Commerce Terminal. In July 2021, Vineyard Wind signed the first Project Labor Agreement for an offshore wind project in the United States, which outlined the creation of 500 union jobs through the project. On December 14, 2023, project shareholders announced that Vineyard Wind 1 has delivered nearly double of its commitment through the PLA by creating 937 union jobs through two years of construction.

An 806-megawatt project located 15 miles off the coast of Martha’s Vineyard, Vineyard Wind will generate electricity for more than 400,000 homes and businesses in the Commonwealth of Massachusetts, create 3,600 Full-Time Equivalent (FTE) job years, save customers $1.4 billion over the first 20 years of operation, and is expected to reduce carbon emissions by more than 1.6 million metric tons per year, the equivalent of taking 325,000 cars off the road annually.

About Copenhagen Infrastructure Partners
Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) today is the world’s largest dedicated fund manager within greenfield renewable energy investments and a global leader in offshore wind. The funds managed by CIP focus on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X.

CIP manages 12 funds and has to date raised approximately EUR 26 billion for investments in energy and associated infrastructure from more than 150 international institutional investors. CIP has approximately 500 employees and 12 offices around the world. For more information, visit www.cip.com

About Avangrid
Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $41 billion in assets and operations in 24 U.S. states, Avangrid has two primary lines of business: networks and renewables. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Through its renewables business, Avangrid owns and operates a portfolio of renewable energy generation facilities across the United States.

Avangrid employs more than 7,500 people and has been recognized by JUST Capital in 2021, 2022 and 2023 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2023, Avangrid ranked first within the utility sector for its commitment to the environment. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2023 for the fifth consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit www.avangrid.com.

Media Contacts:

CIP
Oliver Routhe Skov, Head of Media Relations
orsk@cip.com
+45 3054 1227

Avangrid
Craig Gilvarg, Director of External Communications
craig.gilvarg@avangrid.com
+1 (857) 998-1130

Vineyard Offshore
Andrew Doba, Director of Communications
adoba@vineyardoffshore.com
+1 (617) 362-3872

Investor relations:
Thomas Kønig, Partner – Investor Relations
tkon@cip.com
Phone: +45 7070 5151

Charlotte Ancel, Vice President, Investor Relations
Charlotte.ancel@avangrid.com
+1 (802) 777-7800

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/603d4051-fc97-4f98-9528-8e810bef1d17

GlobeNewswire Distribution ID 1000907040

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Harris extends its presence in Latin America with the acquisition of Modyo, leaders in Composable Frontend Solutions

SANTIAGO, Chile, Jan. 03, 2024 (GLOBE NEWSWIRE) — Harris, a global vertical market software provider, announced today the acquisition of Modyo SpA (“Modyo”), leaders in next-generation frontend platforms used to build engaging web and mobile applications for mission-critical business systems.

Modyo develops software to design and manage the end-user digital experience for leading organizations across Latin America. Modyo’s secure and feature-rich platform accelerates the development of tailored customer journeys and provides for transaction scalability. Its cloud native architecture allows for the unification of native and third-party applications to create and evolve digital channels used by millions of consumers. Leading financial institutions and large enterprises trust Modyo’s technology to deliver the most innovative solutions, in an agile way.

As one of Canada’s largest software companies, Harris’ international presence, technology portfolio and financial resources will augment Modyo’s value proposition to clients and strategic partners. Modyo’s leadership team will continue to drive the adoption of this industry-leading platform and maximize value to customers.

“We are delighted to offer a permanent home to Modyo’s committed employees, partners and customers as we increase our focus on the user experience,” stated Jean Soucy, Harris Group President. “It’s a thrill to be part of Modyo’s growth story, as they bring cutting-edge expertise along with powerful and proven software to our organization.”

Modyo founder and CEO, Mark Bonnell, added: “Our entire team is excited to join Harris, supporting our fast growth and expansion in Latin America and across the world. We look forward to leveraging their decades of experience as we continue to operate with the autonomy and agility to deliver best-in-class technology to our current and future customers.”

Landmark Alantra Group & DLA Piper acted as financial and legal advisors to Modyo SpA with Claro & Cia acting as legal advisors to Harris.

For further information, contact:

Mark Bonnell Jean Soucy
CEO Group President
P: +1 305-517-1580 P: +1 581-205-9821
E: mark@modyo.com E: jsoucy@harriscomputer.com


About Modyo

Founded in 2008 in Santiago by a group of entrepreneurs with a passion for technology, Modyo delivers a next-generation frontend platform to connect to core business systems and deliver engaging self-service journeys. Modyo’s global team in Chile, Colombia, Mexico, Costa Rica, Argentina, Spain, Canada and the USA collaborate to build secure software used by leading enterprises to power digital channels in banking, insurance, wealth management, telecommunications, and e-commerce.

About N. Harris Computer Corporation (Harris)

Harris acquires software companies, manages them using industry best practices, and builds them for the future. Through acquisitions, the company has grown tremendously since its origins in the utilities sector. Harris now operates over 230 businesses worldwide, in over twenty industries including healthcare, education, retail and financial services. Harris is an operating group of Toronto-based Constellation Software Inc. (TSX: CSU), one of North America’s most active acquirers of software businesses.

GlobeNewswire Distribution ID 9011999

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CertiK Releases Hack3d 2023: The Web3 Security Report

NEW YORK, Jan. 03, 2024 (GLOBE NEWSWIRE) — CertiK, the industry leader in blockchain security, today announced the release of its annual flagship publication. Hack3d: The Web3 Security Report for 2023 is a comprehensive report that offers an unprecedented deep dive into the security incidents, vulnerabilities, and trends that have defined the landscape of blockchain and smart contract security over the past year.

Hack3d reports are the most detailed and authoritative security reports in the industry, providing the Web3 community the most comprehensive statistics on hacks, scams, and exploits. This year’s edition analyzes the 51% decrease in financial losses due to security breaches, down to $1.84 billion across 751 incidents from 2022’s total of $3.7 billion. In the report, CertiK evaluates whether this decline is an outcome of decreased asset valuations or a true reflection of improved security practices in the Web3 space.

Key highlights from Hack3d 2023 include:

  • Q3 saw the most losses, at $686,558,472, from 183 hacks, scams, and exploits.
  • Private key compromises were the most costly attack vector, with $880,892,924 lost in just 47 incidents. This represents nearly half of all financial losses, though just 6.3% of all security incidents.
  • Security breaches affecting multiple chains accounted for $799 million of losses in just 35 incidents, highlighting the persistent pain-point that is cross-chain interoperability.
  • In-depth examinations of significant events, including “retroactive bug bounty” negotiations, a major hardware wallet backend compromise, and the evolving landscape of institutional adoption in Web3.

CertiK’s Hack3d 2023 goes beyond presenting raw data, offering insightful analysis on how these security breaches have impacted the broader Web3 ecosystem. It features detailed explorations of new developments, such as the increasing trend in sophisticated negotiation tactics by hackers and the continuous quest for institutional adoption in the blockchain space.

“This year’s report is indispensable for everyone invested in the Web3 world,” said Prof. Ronghui Gu, co-founder of CertiK. “From blockchain developers and crypto investors to policymakers and digital currency enthusiasts, Hack3d 2023 serves as a crucial guide for navigating the complexities and opportunities of this rapidly evolving industry.”

Hack3d 2023 not only recaps significant security events of the past year but also provides forward-looking projections and insights, helping stakeholders prepare for the challenges and opportunities ahead.

Hack3d 2023 is now freely available on CertiK’s website.

Contact:

Elisa Yiting Xu
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Camden National Bank Adopts Advanced Mortgage Origination and Closing Solutions by nCino

Maine’s largest bank chooses innovative technologies from cloud banking leader to modernize point-of-sale and support fully remote online notarization

WILMINGTON, N.C., Jan. 03, 2024 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced the implementation of its mortgage origination and closing solutions from nCino’s Mortgage Suite by Camden National Bank.

Camden National Bank is a nationwide lender with branches predominantly concentrated in Maine and Massachusetts. The Bank’s replacement of its legacy mortgage point-of-sale (POS) technology with digital solutions from nCino’s Mortgage Suite is the latest in a series of modernization efforts aimed at providing superior flexibility and convenience for loan originators and customers.

“Loan originators are now equipped with better, easier, and faster access to their loans, allowing them to better connect with customers — all from their phones. Similarly, customers can connect with us from any mobile device and can even start an application on one device and jump to another to finish it,” said James Dell’Anno, Senior Vice President, Director of Mortgage Banking and Consumer Lending at Camden National Bank.

The transition to nCino’s Mortgage Suite has also made it easier for the Bank to accept digitally signed loan documents instead of requiring wet-signed paperwork, which in turn will allow Camden National Bank to offer solutions that support remote online notarization (RON) closings, a notarization method recently authorized by newly enacted legislation in Maine and Massachusetts.

“nCino’s native support for eSigning and eNotarization puts us ahead of competitors in providing faster, more convenient closings customers prefer. Customers can join from wherever they are — at work, between errands, or from their kitchen table,” Dell’Anno added.

“We are pleased to partner with Camden National Bank to improve accessibility and convenience for its loan originators and customers,” said Ben Miller, Executive Vice President U.S. Mortgage at nCino. “These solutions not only modernize and automate the Bank’s mortgage processes, they also help position Camden National Bank to be a regional leader in fully online closings.”

About nCino
nCino (NASDAQ: NCNO) is the worldwide leader in cloud banking. Through its single software-as-a-service (SaaS) platform, nCino helps financial institutions serving corporate and commercial, small business, consumer, and mortgage customers modernize and more effectively onboard clients, make loans, manage the loan lifecycle, and open accounts. Transforming how financial institutions operate through innovation, reputation and speed, nCino is partnered with more than 1,850 financial services providers globally. For more information, visit www.ncino.com.

Media Contacts
Natalia Moose
Press@ncino.com

This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, among others, risks and uncertainties relating to the market adoption of our solution and privacy and data security matters. Additional risks and uncertainties that could affect nCino’s business and financial results are included in reports filed by nCino with the U.S. Securities and Exchange Commission (available on our web site at www.ncino.com or the SEC’s web site at www.sec.gov). Further information on potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to time.

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