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Industry-first approach uses behavioral science to reduce financial risk in mortgages by building lender capacity through the power of community

OAKLAND, Calif.–(BUSINESS WIRE)–Sawa Credit Inc., a first-of-its-kind community platform helping underserved borrowers build financial health, today announced it has formed a new partnership with Homepoint, the nation’s second-largest wholesale mortgage lender, to launch the first-ever community platform for mortgage holders.

Consisting of over 200 people across the U.S., the community is a representative sample that is grouped into pods based on common interests including hobbies, geography, occupation, and age bracket. In each pod, participants are able to contribute to a community pot that other members can tap to increase people’s capacity to withstand financial shock. The platform, driven by behavioral science, has been developed in collaboration with Common Cents Lab, the financial research lab of the Center for Advanced Hindsight at Duke University.

“For too long, people have been unfairly judged based on credit score which is an outdated way of judging an individual borrower’s creditworthiness,” said Charles Phillips, CEO at Sawa. “But when you leverage the power of community, a person’s capacity to pay their revolving debts is enhanced by the group multiple times over. We are pleased to partner with Homepoint—the leader in looking after borrowers and helping mortgage holders—and are grateful to Common Cents Lab for embarking on this journey with us as we show the industry that the group is a better bet than the individual.”

“Inflation and elevated interest rates have impacted consumers everywhere, especially people who were already on the bubble of being able to buy a home and make payments consistently,” said Phil Shoemaker, President of Originations at Homepoint. “Sawa’s commitment to supporting and protecting responsible homeowners aligns well with Homepoint’s efforts to promote financially healthy, happy homeownership throughout the country.”

To learn more, visit https://www.sawa.money.

About Sawa Credit Inc.

Sawa is a first-of-its-kind community platform helping underserved borrowers build financial health. We tap the power of community to help users increase their capacity so they can avoid delinquency and defaults and get and stay in their homes — all while reducing risk for lenders and borrowers. Leveraging behavioral science, Sawa is a venture-backed startup founded by industry-leading fintech and business experts. For more information, visit https://www.sawa.money.

About Homepoint

Homepoint, a subsidiary of Home Point Capital Inc. (NASDAQ: HMPT), is one of the nation’s leading mortgage originator and servicers, putting people front and center of the homebuying and homeownership experience. The company supports successful homeownership as a crucial element of broader financial security and well-being through delivering long-term value beyond the loan. Founded in 2015 and headquartered in Ann Arbor, Michigan, Homepoint works with a nationwide network of more than 8,700 mortgage broker partners with deep knowledge and expertise about the communities and customers they serve. Today, Homepoint is the nation’s third-largest wholesale mortgage lender and the 7th-largest non-bank mortgage lender. Home Point Financial Corporation d/b/a Homepoint. NMLS No. 7706 (For licensing information, go to: nmlsconsumeraccess.org). Home Point Financial Corporation does not conduct business under the name, “Homepoint” in KY, LA, NY, or WY. In these states, the company conducts business under the full legal name, Home Point Financial Corporation. 2211 Old Earhart Road, Suite 250, Ann Arbor, MI 48105. Toll-Free Tel: 888-616-6866.

Contacts

Flight PR for Sawa
Alysha Light
alysha@flightpr.com

Brad Pettiford for Homepoint
bpettiford@hpfc.com

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Round led by Target Global with additional investors Alameda Research, Jump Crypto

Funding will be used to enhance the trading bots ecosystem and develop new automated DeFi trading tools

TALLINN, Estonia–(BUSINESS WIRE)–In subhead and first paragraph, first sentence of release dated September 22, 2022, replace company name “Jump Capital” with “Jump Crypto”.

The updated release reads:

LARGEST CRYPTO TRADING BOT AND INVESTMENT PLATFORM 3COMMAS RAISES $37M IN SERIES B FUNDING ROUND

Round led by Target Global with additional investors Alameda Research, Jump Crypto

Funding will be used to enhance the trading bots ecosystem and develop new automated DeFi trading tools

3Commas, an automated crypto trading bot investment platform, has raised $37M in a series B funding round led by leading crypto and financial technology investors Target Global, Alameda Research, Jump Crypto and Dmitry Tokarev, founder and CEO of Copper. 3Commas currently offers advanced trading tools and automated strategies managed by trading bots that have proven to help users earn profits through all market conditions.

The raise allows 3Commas to further develop their ecosystem of industry-leading digital asset trade automation and portfolio management technologies. Users currently benefit from 3Commas’ trading bots and ecosystem by having access to historical performance of different strategies and tools to easily replicate them through 3Commas’ automated trading features. Capital will be used to advance its proven machine learning and artificial intelligence trading bots to deliver higher profitability, expand its trading ecosystem, and enhance developers’ access to Application Programming Interfaces (APIs) to create apps used by 3Commas traders within the ecosystem.

Additionally, 3Commas has used this investment to hire a robust research and development team to create DeCommas, a recently launched subsidiary which provides users with easier access to trade automation in decentralized finance (DeFi).

“3Commas was created with the goal to help people achieve financial freedom by expanding access to complex, crypto trading strategies through powerful trading bots. Through this fundraise, our investors have shown overwhelming confidence that we are executing this vision,” said Yuriy Sorokin, CEO and founder of 3Commas. “We are excited to continue to build technology that democratizes access to the transformational benefits of crypto by relentlessly advancing our technology and offering a suite of developer tools to make 3Commas the destination for investment app innovation.”

3Commas is a product ecosystem – a complex of various interconnected products for retail users, power users, developers and enterprise level professionals, that complement each other by sharing their trading strategies and signals and, thus, providing more value. It democratizes trading for end-users and allows them to generate more revenue – each month over 70% of 3Commas users get profit from closing the deals through the platform. All traders have access to the same set of manual and automated tools, offering an equal opportunity for all to earn profits.

“The leadership and talent 3Commas has put in place has put them in a very strong position to be the dominant platform to onboard the next 100 million users to crypto through their automated trading and portfolio management capabilities,” said Mike Lobanov, Founder and Partner at Target Global. “By creating an ecosystem of tools that work both in CeFi and DeFi 3Commas family of products provides unparalleled access to prosperity for the vast majority of crypto users.”

3Commas raised $3M in their seed round in November 2020, which Alameda Research also participated in. This new funding is a strong signal of the continued growth, despite varying market conditions.

About 3Commas

3Commas is a crypto investment ecosystem that offers both manual and automated trading strategies. Founded in 2017 by Yuriy Sorokin, Egor Razumovskii and Mikhail Goryunov, the company’s mission is to make trading crypto more accessible to millions of users seeking new pathways towards profitability and financial freedom. Whether users are a novice or experienced trader, 3Commas offers a complete suite of manual or fully automated bots and trading strategies as well as risk and portfolio management solutions, all underpinned by a vast, low-latency cloud infrastructure.

Contacts

3commas@wachsman.com

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TORONTO–(BUSINESS WIRE)–$ALY.V #AI–AnalytixInsight Inc. (“AnalytixInsight”, or the “Company”) (TSX-V: ALY; OTCQB: ATIXF), a financial content and enterprise software solutions provider, announces that InvestoPro SIM, the subsidiary of its affiliate MarketWall, has executed a Memorandum of Understanding (the “MOU”) with Samsung Electronics Italia S.p.A. to profile the InvestoPro digital trading platform to Samsung users in Italy. Subsequently, AnalytixInsight will now plan expanded European distribution in Spain, Germany, France, and the UK.

Under the MOU, Samsung will profile InvestoPro as an exclusive financial app on Samsung’s Quick Access, the start page of the Samsung Internet Browser. Samsung has millions of monthly active Samsung Internet users who utilize Quick Access, which profiles clickable icons for leading brands to users each time they use their browser and allows users to easily reach partner websites.

In addition, pursuant to the MOU, Samsung will also recommend InvestoPro to users as an exclusive digital trading app as part of its App Installer. The App Installer guides users during their first device power on procedure and presents recommended apps in popular, useful, and fun categories. App recommendations can be targeted based on age and gender and can easily be downloaded by tapping the download button.

AnalytixInsight will now plan expanded European distribution to Samsung users in Spain, Germany, France, and the UK. This is part of a major initiative to offer a unique digital stock trading platform that combines attributes of AI and machine learning and provides comprehensive coverage of financial instruments traded globally on multiple exchanges including stocks, bonds, commodities, and ETFs. The InvestoPro app carrying financial news, quotes, and content on global markets is already available on Samsung TVs and several other Samsung consumer products.

Prakash Hariharan, Chairman and CEO of AnalytixInsight and board member of InvestoPro SIM, commented: “This MOU with Samsung is a significant milestone and we anticipate that it will position InvestoPro as a leading digital trading platform in Europe. We believe that it is an excellent partnership to build scale and revenues given that platform development and regulatory approvals are already in place. Samsung has the largest market share of mobile users in Europe, and we are proud to partner with them to promote InvestoPro to their sizable customer base and deliver unique financial content using our proprietary AI and machine learning algorithms.”

Giovanni Locatelli, Platform Innovation Manager of Samsung Electronics Italia, commented: “We are very excited about this relationship to work together with InvestoPro and AnalytixInsight to promote the InvestoPro digital trading platform to our customer base now that our customers are increasingly trading with their mobile devices. We are very happy to be working with AnalytixInsight to provide a range of content and calibrated risk metrics using unique attributes of AI and machine learning on financial securities. This work with AnalytixInsight is a part of our strategy to offer a disruptive and innovative technology platform.”

In conjunction with the MOU, InvestoPro is preparing to launch a new trading platform version specifically designed for Samsung devices with no fixed costs, competitive trading fees, and news reports tailored for Samsung users.

Learn more about InvestoPro at www.InvestoPro.com

ABOUT ANALYTIXINSIGHT

AnalytixInsight is a data analytics and enterprise software solutions provider to world-leading institutions across various industries. AnalytixInsight develops and markets cloud-based platforms providing financial content, stock trading, and research solutions for banks, brokers and investors in the financial services industry. AnalytixInsight holds a 49% interest in MarketWall, a developer of FinTech solutions for financial institutions. Visit AnalytixInsight.com.

Regulatory Statements

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the Company’s business operations and objectives, particularly respecting its expectations of InvestoPro and the MOU, the impact of the MOU on the Company, its expectations of a broader profile to Samsung users throughout Europe, its expectations that the partnership with Samsung will build scale and revenues, the launch of a new trading platform designed for Samsung devices, and the Company’s future performance. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of AnalytixInsight, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the Company’s technology and revenue generation; risks associated with operation in the technology sector; the Company’s ability to successfully integrate new technologies and employees; Samsung’s ability and willingness to implement the terms of the MOU; InvestoPro’s ability to launch a new trading platform; foreign operations risks; and other risks inherent in the technology industry. Although AnalytixInsight has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. AnalytixInsight does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

Contacts

Prakash Hariharan
Chairman and CEO
AnalytixInsight Inc.
Prakash.Hariharan@AnalytixInsight.com

Giovanni Locatelli
Platform Innovation Manager
Samsung Electronics Italia S.p.A.
g.locatelli@samsung.com

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– Poster presentation at the 2022 Annual Meeting of the European Society of Medical Oncology (ESMO), Paris, France

PALO ALTO, Calif.–(BUSINESS WIRE)–#innovation–Exai Bio, a next-generation liquid biopsy company, and researchers at UCSF are presenting data from a new study in a poster entitled “Serum-based colorectal cancer detection using orphan noncoding RNAs” at the 2022 European Society of Medical Oncology (ESMO) meeting. This case-control study of 191 subjects demonstrated that Exai’s novel, RNA-based platform accurately predicted colorectal cancer (CRC) cases versus non-cancer controls, both overall and across the full ranges of cancer stages and categories of tumor size/extent.

Exai Bio’s technology is based on using cell-free RNA sequencing to identify a novel class of cancer-associated small non-coding RNAs, termed orphan non-coding RNAs (oncRNAs). Exai has created a proprietary library of >250,000 oncRNAs found in several types of cancer. Because oncRNAs can be actively secreted by cancer cells, they are readily detectable in the blood of cancer patients and are largely absent in healthy individuals, making them potentially robust biomarkers with high sensitivity and specificity. These features give the Exai Bio RNA-based platform — which uses artificial intelligence (AI) to identify cancer-specific patterns among thousands of oncRNAs — several scientific and practical advantages over tests that use circulating tumor-derived DNA in mutational, epigenomic, or fragmentomic analyses.

In the present poster, the Exai oncRNA-based model, which used machine learning, predicted CRC with a high overall sensitivity of 90.6% at 90% specificity. Predictions were also accurate for stage I cancer (92% sensitivity) and for the lowest categories of tumor size/extent, T1/T2 (92.3% sensitivity), indicating that even the earliest stage cancers and smallest tumors were detectable. Exai Bio is thus positioned to improve patient care by developing a variety of liquid biopsy blood tests for CRC, including for early detection and monitoring of residual disease or recurrence.

Patrick Arensdorf, Chief Executive Officer of Exai Bio, commented, “We are truly excited about these findings. Exai Bio is working to fulfill unmet needs that exist despite recent advances in liquid biopsy testing. This work demonstrates that Exai Bio can measure novel biomarkers in blood-derived samples to accurately predict colorectal cancer, including the earliest-stage and smallest tumors. By achieving greater than 90% sensitivity at 90% specificity, we exceeded the sensitivity hurdle in the published CMS National Coverage Determination for blood-based biomarker tests in CRC screening1. Moreover, the oncRNA-based liquid biopsy technology will be compatible with standard sample requirements enabling easy integration into conventional clinical workflows. These results build on our earlier study in breast cancer and validate the applicability of cell-free RNA methods in yet another tumor type.”

  1. NCD for Colorectal Cancer Screening Test (210.3). Medicare Coverage Decision database: Screening for Colorectal Cancer biomarker-based test: CAG-00454N decision memo 01/19/2021; cms.gov.

Details of the ESMO 2022 eposter presentation:
Title: Serum-based colorectal cancer detection using orphan noncoding RNAs
Abstract category: Biomarkers (agnostic)
Abstract number: 4635
Authors: Hani Goodarzi, Jeffrey Wang, Oluwadamilare I. Afolabi, Lisa Fish, Helen Li, Kimberly H. Chau, Patrick Arensdorf, Fereydoun Hormozdiari, Babak Alipanahi

Posters will be available on-demand on the EMSO website for attendees (www.emso.org) beginning at 12:00 PM CEST on Friday, September 9, 2022 until Tuesday, September 13, 2022 Upon release at ESMO, the poster will be accessible on the publications page of the Exai Bio website.

About Exai Bio

Exai Bio is a next-generation liquid biopsy company. Its mission is to enable a world where cancer can be detected early, diagnosed accurately, treated in a personalized and targeted way, and ultimately cured. The company’s proprietary RNA and artificial intelligence-based liquid biopsy technology delivers clinical insights into cancer biology to enable the earliest, most accurate diagnosis of cancer.

Contacts

For more information: info@exai.bio

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DUBLIN–(BUSINESS WIRE)–The “North America Platform as a Service (PaaS) Market Outlook and Forecast to 2027 – Driven by Major Cost Savings and Faster Time to Market achieved from PaaS Use” report has been added to ResearchAndMarkets.com’s offering.

The North America PaaS Market is expected to witness strong growth of over 20% CAGR over the next five years. This is mainly due to change in business technology that is how software applications are developed and distributed. By using the newest technology, enterprises are concentrating on lowering their entire CAPEX. Due to its ability to enable companies adopt hardware, middleware, operating systems, software, and resources as and when necessary, PaaS solutions have seen a surge in investments.

By switching to a PaaS model based on the cloud, the cost of servers, software, hardware, middleware, and related network equipment is much lower, which lowers CAPEX. Rising mobile use and increased enterprise appliance involvement are anticipated to drive PaaS growth in the region. Recent years have seen a large number of big cloud providers enter the PaaS market, demonstrating the region’s increasing momentum.

According to the cloud service providers, as digitalization progresses, payments will become increasingly cloud-native, enabling them to use local, international, and regional payment systems via a single interface. Providers also need to handle changing financial problems and market difficulties. Therefore, the market for platforms as a service is probably going to gain from digitization, online payments, and the creation of new goods. Additionally, it provides a cutting-edge infrastructure to support digital transformation, which will increase demand for PaaS architecture.

The North American PaaS Market faces some key challenges as well. Since data is kept off-site while using a PaaS, data security must be taken into account and carefully reviewed. Vendor lock-in occurs when changing vendors is extremely expensive, pushing the client to choose another vendor. Customers are unable to transfer vendors due to cost problems and a small workforce. Another significant factor for vendor lock-in in the platform as a service sector is a lack of standardization.

Key Segments Covered in North America PaaS Market:

North America PaaS Market By Deployment Type

  • Public Cloud
  • On-Premises
  • Hybrid Cloud

North America PaaS Market By Solution Type

  • PaaS for Artificial Intelligence (AIPaaS)
  • Database as a Service (DBaaS)
  • Integration Platform as A Service (iPaaS)
  • Application as a Service (aPaas)
  • Business Analytics (BaPaaS)
  • Application Development (ADPaaS)
  • Others

North America PaaS Market By Enterprises Type

  • Large Enterprises
  • SMEs

North America PaaS Market By Type of End User Industry

  • Banking, Financial Services, and Insurance (BFSI)
  • Retail & Consumer Goods
  • Media and Telecommunication
  • IT and ITeS
  • Healthcare
  • Energy and Utility
  • Automotive and Transportation
  • Others

North America PaaS Market By Geography and Major Countries

  • USA
  • Canada
  • Mexico

Key Topics Covered:

1. Executive Summary

2. Market Overview and Key Trends Impacting Growth

3. Total North America – Market Segmentation by Deployment Type, Historic Growth, Outlook & Forecasts

4. Total North America – Market Segmentation by Solution Type, Historic Growth, Outlook & Forecasts

5. Total North America – Market Segmentation by Enterprises Type, Historic Growth, Outlook & Forecasts

6. Total North America Market Segmentation by End User Industry, Growth, Outlook & Forecasts

7. Industry/Competition Analysis – Competitive Landscape

8. Key Competitor Profiles

9. Geographic Analysis & Major Countries Market Historic Growth, Outlook and Forecasts

10. Industry Experts Opinions/Perspectives

11. Analyst Recommendations

12. Appendix

13. Disclaimer

14. Contact the Publisher

Companies Mentioned

  • Amazon Web Services (AWS)
  • Google Cloud
  • Microsoft
  • AT&T Inc.
  • Dell Technologies, Inc.
  • IBM
  • Oracle
  • HPE
  • VMware Inc.
  • Salesforce
  • Mendix
  • SAP SE
  • Outsystems
  • IntelePeer
  • Nodejitsu Inc.
  • ActiveState
  • Cloud Connectors
  • Fintelics Technology Inc.
  • Hexagon Data
  • Technogi
  • Gogiro
  • OneCloud
  • MCM Telecom

For more information about this report visit https://www.researchandmarkets.com/r/vle3ie

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

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Red Hat’s new iteration of Red Hat OpenShift Platform Plus is now available with new features and capabilities that go beyond the base Kubernetes platform to include storage, management, and more. The new capabilities further simplify the Kubernetes stack by streamlining and standardizing application development and management from the data center to the edge to multiple public clouds.

Red Hat OpenShift Platform Plus provides a more consistent foundation for organizations to drive transformational IT standardization. The latest offering includes the necessary tools to build, protect and manage applications throughout the software lifecycle and across Kubernetes clusters more simply. The technology updates include:

  • Red Hat OpenShift 4.11
  • Red Hat Advanced Cluster Management for Kubernetes 2.6
  • Red Hat OpenShift Data Foundation 4.11

“As organizations turn to modern applications to deliver better, more dynamic user experiences, they need a platform that delivers consistency, whether it’s a traditional application in a data center to containerized workloads spanning the edge and multiple public clouds. With today’s updates, Red Hat OpenShift Platform Plus remains positioned to provide this consistent foundation along with a comprehensive set of integrated tools for enhanced management, improved data resiliency, and a stronger security posture,” said Joe Fernandes, vice president, and general manager, Platforms Business Group, Red Hat.

Red Hat OpenShift 4.11 – A comprehensive platform for workloads in hybrid cloud

Red Hat OpenShift 4.11 is based on Kubernetes 1.24 and CRI-O 1.24 runtime interface. It makes it easier to consume enterprise Kubernetes as and when needed across the open hybrid cloud. Organizations can now install OpenShift directly from major public cloud marketplaces, including AWS marketplace and Azure marketplace. This gives more flexibility in how organizations want to run OpenShift. This also lets IT teams meet the dynamic technology requirements better.

The latest features and capabilities in Red Hat OpenShift 4.11 are:

  • Pod Security Admission integration to help users define different isolation levels for Kubernetes pods for enforcing clearer, more consistent pod behaviors.
  • Nutanix users can now use the installer provisioned infrastructure (IPI) process to automatically install OpenShift on supported Nutanix virtualized environments.
  • Additional architectures for sandboxed containers, including the ability to run sandboxed containers on AWS and single node OpenShift.

Red Hat Advanced Cluster Management – Improved oversight and compliance across hybrid environments

Red Hat Advanced Cluster Management 2.6, part of Red Hat OpenShift Platform Plus, helps users manage their container fleets at the edge and improve availability in high latency, low bandwidth use cases. It provides edge metrics collectors specifically designed for single-node and small workloads, thereby enabling greater observability of remote operations.

Now a single Red Hat Advanced Cluster Management hub cluster can deploy and manage up to 2,500 single-node OpenShift clusters. These clusters can be deployed and managed at the edge through zero-touch provisioning.

It also offers new integrations like:

  • Automatic fleet-wide visibility of applications, displaying applications that are created straight through OpenShift.
  • Cluster management directly from the Red Hat Ansible Automation Platform enables Ansible users to interact with Red Hat Advanced Cluster Management natively.
  • Integration with Kyverno Policy Set that helps users keep up with changes in Kubernetes policy.

Red Hat OpenShift Data Foundation 4.11 – Data services and persistent storage designed for modern workloads

Red Hat OpenShift Data Foundation 4.11 helps organizations minimize data loss and business disruption in the event of a failure by including the OpenShift API for data protection. The operator-based application programming interface (API) can back up and restore applications and data specifics, natively or using existing data protection applications across the hybrid cloud.

Red Hat OpenShift Data Foundation now offers multicluster monitoring capabilities through Red Hat Advanced Cluster Management. A single view of cluster data management health across multiple clusters leads to reduced operational costs by consolidating cluster management across environments through a single tool.

Availability

Red Hat said in its press release that Red Hat OpenShift 4.11 and Red Hat OpenShift Data Foundation 4.11 are now generally available and Red Hat Advanced Cluster Management 2.6 will be available by the end of August 2022.

Read next: LastPass gets hacked! Miscreants steal parts of source code and technical information.

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