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TRON x HTX DAO Hong Kong Meetup 2024: Building a Metaverse Free Port in Hong Kong

HTX

On April 9, the "TRON x HTX DAO: Hong Kong Meetup 2024" event, hosted by TRON and co-organized by HTX DAO, took place in Hong Kong with great success. This bustling event brought together the brightest minds of the HTX DAO ecosystem: project leaders, committee members, and influential KOLs. Their energy was palpable as they delivered speeches delving into the future of HTX DAO and the ever-changing crypto landscape. TRON founder Justin Sun took center stage via a video, outlining the exciting developments within the TRON ecosystem and HTX DAO's commitment to decentralization. Sun emphasized the mission: leveraging blockchain technology to build a borderless financial system, empowering billions of unbanked individuals worldwide. This dedication is reflected in TRON's impressive statistics: over 220 million registered accounts, 7.4 billion transactions facilitated, a whopping $23.5 billion in total value locked, and over $11 trillion in total transaction value, ranking second to Ethereum among global public chains. Meanwhile, HTX DAO is forging its own path. Having recently concluded its inaugural People Committee election, HTX DAO established strategic partnerships with over 30 parties, such as projects, institutions, and exchanges. This collaborative approach gathers diverse expertise and influence within the blockchain sphere, shaping a new model for decentralized ecosystem governance. Justin Sun wasn't just looking back; he cast his vision towards the future of crypto. He highlighted the recent crypto spotlights, including the approval of spot Bitcoin ETFs and innovations in Layer 2 and Web3. These advancements, he argued, are attracting traditional finance and fueling a bullish market across cryptocurrencies, anticipating Bitcoin to hit an all-time high of $160,000 to $200,000 post-halving. Sun emphasized the critical question in the bull cycle: how can communities and teams thrive in the next decade? He believes the answer lies in decentralization and community-driven governance. Sun sees these elements as essential for fostering transparency, fairness, and collective decision-making within crypto projects. This focus on community aligns perfectly with his long-held vision for the blockchain industry – a vision where he started in this realm. Besides technological development, Sun stressed the need for a cultural shift within the crypto industry, advocating for a strong foundation of communities built on transparency, fairness, and user autonomy. This community-centric approach, he believes, will be the true driving force for the future of TRON DAO and HTX DAO – a future where people, communities, and users are seamlessly integrated. Sun also pointed out that Hong Kong is rising as a gateway for blockchain services. He expressed his belief that Hong Kong has the potential to become a financial free port within the metaverse, offering a stage for engagement within the cryptocurrency and blockchain industries. Additionally, a diverse range of KOLs and project representatives took the stage. Moon, a newly elected member of the HTX DAO People Committee, emphasized the constant presence of opportunity in the market. Jessie, representing the Miss Asia Charity Fund, highlighted HTX DAO's ability to empower each member to become a community leader. Dr. K, founder of MetaMCN, expressed unwavering confidence in HTX DAO's future success, fueled by active participation and support. Cc and Mia, the driving force behind SHEHUB DAO, showcased their platform designed to empower female professionals in Web3. They focus on knowledge sharing, networking, and collaboration, ultimately fostering greater female participation in the space. The successful hosting of both the 2024 Hong Kong Web3 Festival and the TRON x HTX DAO: Hong Kong Meetup 2024 event has fueled excitement for Hong Kong's role in the future of blockchain and cryptocurrency. As industry leaders, HTX DAO and TRON remain dedicated to providing more opportunities for communication and collaboration with Web3 participants and entrepreneurs. Their ongoing commitment to the exploration of Hong Kong's innovations within the crypto field promises to inject fresh momentum into the global cryptocurrency market to boost growth and prosperity. About HTX Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/

April 10, 2024 10:32 PM Eastern Daylight Time

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HTX Ventures Invests in Monad Labs to Support Parallelized EVMs Ecosystem

HTX Ventures

n alignment with its mission to drive innovation and advancement within the blockchain ecosystem, HTX Ventures has strategically invested in Monad Labs, a pioneering team behind the development of the high-performance Monad blockchain. This investment reaffirms HTX Ventures' commitment to nurturing cutting-edge Web3 solutions and supporting projects that tackle critical challenges facing the industry. The Monad blockchain is a state-of-the-art Layer-1 blockchain platform known for its unique rearchitecture of the Ethereum Virtual Machine (EVM). It aims to address Ethereum's limited throughput problem, ultimately enabling decentralized applications (DApps) to scale for mass adoption. This platform intends to deliver Ethereum's flexibility alongside Solana's performance, boasting over 10,000 transactions per second, 1-second block times, and immediate finality, all while maintaining full backward compatibility with EVM and key Ethereum infrastructure. The tech startup Monad Labs, founded by the former team from traditional finance giant Jump Trading, recently raised $225 million in Series A Funding with a valuation of $3 billion to build the scalable smart contract distributed ledger. "Monad is driven by a great team with a strong understanding of market mechanisms and connectivity," remarked Edward, Managing Partner at HTX Ventures. "Their go-to-market strategies and tactics are similar to Solana, demonstrating a savvy approach to blockchain innovation. Our investment underscores our commitment to supporting smart teams like Monad Labs, who are driving big changes in the Web3 ecosystem." “We are thrilled to partner with HTX Ventures,” said Keone Hon, Co-founder and CEO of Monad Labs. “Their track record of supporting the growth of decentralized technologies, and their strong relationships across the space, make them an ideal partner for our team. We can definitely learn a lot from collaboration.” The Monad blockchain will launch a testnet in the coming months, with the mainnet deployment planned for later this year. The blockchain will employ the proof-of-stake consensus mechanism and will be Ethereum Virtual Machine (EVM) -compatible. As such, projects on Monad will be able to interact with the EVM software platform, where developers from many other blockchain projects also create interoperable decentralized applications on the Ethereum network. About Monad Labs Monad Labs is an early-stage, venture-backed tech startup founded in 2022. Two of the three co-founders of Monad Labs have roots in Jump Trading, where they worked together for seven years building low-latency high-frequency-trading (HFT) systems, and later contributing to R&D at Jump Crypto in 2021. This was the genesis of Monad — synthesizing learnings from HFT, as well as some new ideas, to build the most performant and robust smart-contract blockchain possible. Monad applies expertise in low-latency programming, compiler optimization, systems engineering, cryptography, and graph theory to substantially advance the performance and scalability of decentralized computation. About HTX Ventures HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures currently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including Dragonfly, Bankless Ventures, Animoca, Shima, and IVC. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/en-us/ventures About HTX Ventures HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures presently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most vigorous Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including IVC, Shima, and Animoca. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/en-us/ventures

April 10, 2024 09:44 PM Eastern Daylight Time

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Team Internet Group begin trading on the OTQX with ticker TIGXF

Team Internet Group PLC

Team Internet Group CEO Michael Riedl joined Proactive at their OTC studio in New York City to mark the company's debut trading on the OTCQX under the ticker symbol "TIGXF." Riedl discussed the significant transformation the company has undergone since its IPO on the London Stock Exchange a decade ago, leading to a rebranding to better reflect its current operations. Describing the company's focus as entirely on the internet, Riedl explained that Team Internet operates various businesses that synergize like a team. It specializes in two main segments: online marketing and online presence. In online marketing, Team Internet creates AI-generated consumer journeys that convert general interest media users into confident consumers. For online presence, it supplies hosting providers globally with the domain names necessary for their customers. Riedl emphasized the exponential growth of social media usage, highlighting Facebook's user base doubling from 1.5 billion in 2018 to 3 billion in 2023, indicating the increasing importance of social media in advertising. He noted that the company experienced balanced growth in both operating segments in 2023 and is integrating a new acquisition, Shinez, to enhance its processes. Under Riedl's leadership, Team Internet has completed nearly 20 acquisitions, contributing to a 25% compound annual growth rate over the past five years. Riedl attributed this success to the rise of social media and data privacy trends, as well as a shift towards local top-level domains over.com due to saturation. The U.S. remains a crucial market for Team Internet, generating 53% of its revenue, with further expansion anticipated following the Shinez acquisition. Riedl's visit to New York underscores the importance of the American market to the company's ongoing growth and development strategies. Contact Details Proactive North America Proactive North America +1 347-449-0879 action@proactiveinvestors.com

April 10, 2024 03:19 PM Eastern Daylight Time

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Celebrate the Third Annual California State Parks Week June 12-16, 2024

Save the Redwoods League

With more than 200 events, the public is invited to celebrate the third annual California State Parks Week, June 12-16, presented by California State Parks, Save the Redwoods League, Parks California, and California State Parks Foundation. Through special in-person community events and virtual programming, this week-long event celebrates California’s 280 state parks and the people who visit and help protect these iconic places. A complete list of the week’s events and how to participate is available at CAStateParksWeek.org. This year’s themed days: Wednesday, June 12: Explore New Experiences From epic beach days to the magic of ancient redwood forests, there is so much to see, do, and experience in California’s incredible state parks. California State Parks Week is your invitation to explore an activity that you just might fall in love with. View all events. Featured: Nightlife: Animals After Dark, Evening Hike at Hollister Hills State Vehicular Recreation Area (San Benito County) Sunset Kayak Tour at Lake Natoma in Folsom Lake State Recreation Area (SRA) (Sacramento County) Owl Meet-and-Greet and Owl-Box Building Demo with All About Owls at China Camp State Park (SP) (San Francisco Bay Area) Thursday, June 13: Nourish Your Health and Well-being There’s a reason why playing outside, having a barbecue or picnic, or taking a walk in the open air feels so good. Studies have shown that time in nature can boost people’s physical, mental, and emotional well-being. Everyone should have access to these benefits. California’s state parks give us all places where we can find refuge, inspiration, and joy. When we connect with nature, we are connecting with ourselves and boosting our overall health. View all events. Featured: Lava Bluffs Trail Guided Hike at Calaveras Big Trees SP (Calaveras and Tuolumne Counties) Yoga at Lake Natoma in Folsom Lake SRA (Sacramento County) Forest Bathing at Mount Tamalpais SP (San Francisco Bay Area) Friday, June 14: Support Climate Resilience Forests, oceans, grasslands, and other ecosystems throughout California’s public lands store huge amounts of carbon, making them powerful tools in adapting to climate change. That’s one of the reasons why it’s critical that all of us protect lands and waters. Learn about and support efforts by California State Parks and partner organizations to ensure climate resilience—from expanding protected lands in state parks and restoring forests to engaging in educational dialogue about climate threats and solutions. View all events. Featured: Beach Cleanup at Leo Carrillo SP (Los Angeles County) Pacheco SP Wind Turbine Tour (Merced County) Wild Things and Climate Resilience at Auburn SRA (El Dorado and Placer Counties) Cardiff Climate Action Day at Cardiff State Beach (SB) (San Diego County) Saturday, June 15: Celebrate Community and Culture California’s state parks are for all people. We reaffirm this truth by elevating the perspectives and experiences of communities that have been historically underrepresented in public lands. On this day and every day, we honor Black, Indigenous, and communities of color and the many ways these communities care for, relate with, and enjoy our shared parks. Join us for celebrations and cultural events statewide. View all events. Featured: Guided Tours of the State Indian Museum State Historic Park (SHP) (Sacramento) Catching Wind at Candlestick: Kite-Flying Extravaganza at Candlestick Point SRA (San Francisco Bay Area) Native American Arts and Crafts Celebration at Antelope Valley Indian Museum SHP (Los Angeles County) Sue-meg SP Village Tour (Humboldt County) Helping to Bring Cuyamaca Rancho SP Back: Reforestation in the Park (San Diego County) Sunday, June 16: Care for Our Shared Lands It takes our full community to care for public lands. Partners and volunteers are vital to keeping California’s state park system healthy, beautiful and rich in biodiversity. Discover how you can get involved in efforts to protect and steward California’s state parks as a volunteer, a partner, or one of many other roles. View all events. Featured: Perk Up in the Park at Mount Tamalpais SP (San Francisco Bay Area) Marine Debris Monitoring with Tomales Bay SP (San Francisco Bay Area) Redwood Restoration Hike & Father’s Day Beach BBQ at Mendocino Headlands SP (Mendocino County) Beach Habitat Restoration Day at Half Moon Bay SB (San Mateo County) Launched in 2022, California State Parks Week advances the “ Outdoor Access for All ” initiative championed by Governor Gavin Newsom, First Partner Jennifer Siebel Newsom, and the Natural Resources Agency’s “ Outdoors for All ” initiative. These initiatives expand outdoor access to all Californians through focused investments in open space infrastructure, outdoor programming, and improvements to permit applications, with a priority to support underserved communities. Why California State Parks Week? California’s state parks preserve and protect the state’s natural and cultural history. In recent years, it has become abundantly clear that public lands play a critical role in making communities stronger, happier, and healthier. Our shared parks are places where everyone can connect with nature and find inspiration and joy. California State Parks Week is a fun way to celebrate the wonder and sense of community that the outdoors provide to Californians and visitors from all over the world. Armando Quintero, director of California State Parks: “The third annual State Parks Week celebrates the diverse natural and cultural heritage preserved within California's 280 state parks. This week also reminds Californians that ‘This is where you live.’ All Californians deserve to enjoy these public outdoor spaces. There are many ways to explore them including with free park passes for select state parks. Welcome – Bienvenidos – 欢迎 – Maligayang pagdating.” Rachel Norton, executive director of California State Parks Foundation: “For the third annual California State Parks Week, we are once again celebrating wellness, stewardship, community and adventure. This week presents a special opportunity for both residents and visitors to California to fully immerse themselves in the beauty and significance of the state's protected spaces, including its state parks. By engaging with these natural and cultural treasures, individuals have the chance to develop a deeper connection to the land and its history. It's a time to embrace the wonder of these protected spaces and to reflect on the role each of us plays in their conservation and stewardship.” Sam Hodder, president and CEO of Save the Redwoods League: “Research consistently demonstrates the numerous health benefits associated with spending time outdoors and experiencing nature. California's state parks serve as invaluable access points to these experiences for people of all backgrounds and ages. By providing opportunities for outdoor recreation, connection with nature, and encounters with awe-inspiring landscapes and cultural treasures, California's state parks play a vital role in promoting overall health and fostering a deeper appreciation for the natural world and human history.” Kindley Walsh Lawlor, president and CEO of Parks California: “California State Parks Week highlights some of the many ways people can explore parks and create personal connections with nature. Whether it's experiencing the awe-inspiring natural beauty of these spaces or learning more about California’s historic places and unique cultural resources, California's state parks offer something for everyone.” California State Parks protect the best of the state’s natural and cultural history; more than 340 miles of coastline; the tallest, largest and among the oldest trees in the world; and deserts, lakes, rivers and beaches. There are more than 5,200 miles of trails, and 15,000 campsites, prehistoric and historic archeological sites, ghost towns, historic homes and monuments—all waiting to be explored. * * * For more information or to schedule an interview, contact Robin Carr at 415-766-0927 or redwoods@landispr.com. To access hi-res images and b-roll video, please visit the California State Parks Week newsroom. California State Parks The California Department of Parks and Recreation, popularly known as State Parks, and the programs supported by its Office of Historic Preservation and divisions of Boating and Waterways and Off-Highway Motor Vehicle Recreation provides for the health, inspiration and education of the people of California by helping to preserve the state’s extraordinary biological diversity, protecting its most valued natural and cultural resources, and creating opportunities for high-quality outdoor recreation. Learn more at parks.ca.gov. Save the Redwoods League One of the nation’s longest-running conservation organizations, Save the Redwoods League has been protecting and restoring redwood forests since 1918. The League has connected generations of visitors with the beauty and serenity of the redwood forests. Our 400,000 supporters have enabled the League to protect more than 220,000 acres of irreplaceable forests in 66 state, national, and local parks and reserves. For information, please visit SaveTheRedwoods.org. Parks California Parks California is a statewide nonprofit working to ensure state, regional, and local parks thrive. As the statutory partner to California State Parks, Parks California has a simple mission—to help strengthen parks and inspire all to experience these extraordinary places. From redwood groves and desert springs to urban parks and lighthouses, the organization works with partners to steward these natural wonders and make California’s parks more welcoming, accessible and relevant to all visitors. For more information, please visit parkscalifornia.org. California State Parks Foundation California State Parks Foundation, an independent, member-supported nonprofit with over 50 years of history, is dedicated to protecting and preserving the California state park system for the benefit of all. We work in parks and in Sacramento with partners, park staff, and policymakers to address the challenges parks face. To make real and lasting change we are working to build a movement of people who enjoy and advocate for their parks now, and for future generations. Learn more at www.calparks.org. Contact Details Landis Communications Inc. Robin Carr +1 415-766-0927 redwoods@landispr.com Company Website https://www.savetheredwoods.org/

April 10, 2024 12:00 PM Pacific Daylight Time

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Cloud DX 2024 momentum continues with 2 new contracts with Ontario Community Paramedic Services

Cloud DX

Cloud DX CEO Robert Kaul joined Steve Darling from Proactive to share exciting news about the company's continued growth and expansion in the healthcare sector. Cloud DX has signed two new 24-month Master Deployment Agreements with the Beausoleil First Nation Paramedic Service and another Ontario County Paramedic Service. These agreements highlight Cloud DX's commitment to providing innovative Connected Health RPM products and services to support community paramedics in monitoring seniors where they live, thereby extending their ability to stay at home and reducing pressure on nursing home waiting lists. These recent agreements mark the 9th and 10th Ontario Paramedic Services to contract with Cloud DX, underscoring the company's growing presence and impact in the region. Kaul emphasized that 2024 has been a year of significant growth for Cloud DX, with the company securing 10 new contracts and renewing 14 existing contracts, totaling $4.75 million CAD in value so far. Cloud DX's Connected Health RPM solutions empower paramedics and healthcare providers to deliver remote patient monitoring and care management services, enhancing patient outcomes and reducing healthcare costs. By leveraging innovative technology and partnerships with paramedic services, Cloud DX is driving positive change in the healthcare landscape, improving access to care and supporting seniors' ability to age in place comfortably. The company's continued success and expansion underscore its commitment to advancing healthcare delivery through digital innovation and patient-centered care solutions. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

April 10, 2024 02:57 PM Eastern Daylight Time

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Aclara Expands into U.S. Market with Aclara Technologies, Focusing on Rare Earths Separation

Aclara Resources Inc

Aclara Resources Chief Executive Officer Ramon Barua joined Steve Darling from Proactive to share exciting news about the company's strategic expansion into the United States market. Aclara has incorporated a U.S.-based subsidiary, Aclara Technologies, with the aim of developing its rare earths separation capabilities in the country. This strategic move comes following Aclara's joint venture with CAP to develop metal and alloys capabilities, positioning the company to become the first vertically integrated heavy rare earths company outside of Asia. Barua explained that this move was made possible by Aclara's unique feed of clean heavy rare earths, particularly Dysprosium and Terbium, which are expected to be sourced from two stable and investment-friendly countries in the Americas. The decision to integrate vertically addresses the need for creating a geopolitically independent supply chain for permanent magnets, which are crucial for the performance of electric vehicles, wind turbines, robotics, and other applications associated with the decarbonization of the planet. Aclara Technologies will source high-purity mixed rare earths carbonates from Aclara's extraction modules in Chile and Brazil. These carbonates will then be converted into individual rare earths oxides in the separation facility. To support this process, Aclara Technologies has awarded a contract to the Saskatchewan Research Council to develop a production flowsheet specifically designed for its premium carbonate. This strategic expansion into the United States market underscores Aclara's commitment to establishing a robust and sustainable supply chain for rare earth metals and alloys, further solidifying its position as a key player in the global rare earths industry. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

April 10, 2024 02:55 PM Eastern Daylight Time

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American Rare Earths shares assay results expanding Rare Earths at Halleck Creek in Wyoming

American Rare Earths Ltd

American Rare Earths Limited CEO Donald Swartz joined Steve Darling from Proactive to share significant news regarding assay results from a recent mapping and sampling program conducted in the Cowboy State Mine area. These results provide valuable insights that will enable the company to target higher-grade areas contiguous to the mining area identified in the recently published scoping study. Swartz emphasized that these findings complement the updated JORC resource estimate of 2.34 billion tonnes and demonstrate consistently enriched mineralization at Halleck Creek. Swartz explained that the mapping and sampling campaign focused on achieving a higher resolution of data. A total of 95 samples were sent for analysis at ALS Global, including 5 quality assurance/quality control samples of standards, blanks, and duplicates. Surface samples revealed concentrations of up to 6,221 ppm total rare earth oxides (TREO), indicating the potential for a larger, higher-grade rare earth element (REE) resource area within the Cowboy State mine area. Notably, the mine planning in the recent scoping study averaged 3,805 ppm TREO. Additionally, the samples showed significant concentrations of magnetic rare earths, averaging 27% of TREO. This data will be instrumental in supporting future drilling efforts aimed at delineating higher-grade resources. Swartz expressed confidence in the company's prospects, highlighting the importance of these assay results in guiding future exploration and development activities. The findings underscore American Rare Earths' commitment to advancing its projects and unlocking the full potential of its rare earth element deposits in the Cowboy State Mine area. Watch the full interview for more insights into American Rare Earths' recent developments and its strategic vision for the future. Contact Details Proactive USA +1 347-449-0879 na-editorial@proactiveinvestors.com

April 10, 2024 02:52 PM Eastern Daylight Time

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Wishpond announces launch of innovative new product SalesCloser AI

Wishpond Technologies Ltd.

Wishpond Technologies CEO Ali Tajskandar joined Steve Darling from Proactive to unveil the company's latest innovation: SalesCloser, a next-generation AI-powered virtual sales agent. This cutting-edge platform marks a significant advancement in personalized, round-the-clock sales calls and product demonstrations for businesses, all without the need for human intervention. According to Tajskandar, SalesCloser represents a new era of sales engagement, capable of working 24×7 to engage leads, close deals, and deliver insights in ten different languages. This versatility allows the platform to cater to a wide range of industries, including software/SaaS, professional services, financial services, education, travel & hospitality, insurance, and more. The innovative AI-based platform functions as a "Virtual AI Representative," engaging in conversations and delivering presentations in real-time through various meeting applications. Upon receiving a relevant knowledge base from the customer, Wishpond custom-trains the AI to conduct sales presentations tailored to the specific business, managing the entire sales process from discovery to close autonomously. Moreover, SalesCloser is adaptable to various customer applications, serving as AI products designed to function as sales development representatives, product trainers, customer support agents, product onboarding specialists, or customer success representatives. This flexibility underscores the platform's potential to revolutionize sales and customer engagement across diverse industries, offering tailored solutions to meet the evolving needs of businesses worldwide. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

April 10, 2024 02:50 PM Eastern Daylight Time

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Combating Wire Fraud: Trust Stamp's New Solution for financial institutions

T Stamp Inc

Trust Stamp President Andrew Gowasack joined Steve Darling from Proactive to revealed a fast-tracked implementation of a solution tailored for financial institutions and other enterprises currently utilizing voice recognition technologies or accepting voice instructions via telephone calls. Gowasack the development of this solution was significantly influenced by feedback from the financial sector, especially highlighted by the ICBA ThinkTECH Accelerator program. Trust Stamp engaged with dozens of banks across the United States, identifying wire fraud as a prevalent challenge. The company's response, a seamlessly integrated solution, showcases its commitment to leveraging technology in the fight against fraud. The threat landscape has evolved with the advent of AI, making traditional security measures inadequate. Gowasack shared insights into how AI and deep fake technologies have been used to circumvent existing security protocols, emphasizing the importance of innovative solutions in this new era of digital security. Trust Stamp's approach, focusing on ease of use and effectiveness, involves a simple authentication process that enhances security without detracting from the customer experience. This balance is crucial as financial institutions navigate the twin challenges of combating fraud and maintaining customer satisfaction. With three banks in the final stages of internal approval for Trust Stamp's solution, the company is poised to play a pivotal role in transforming financial security. This initiative reflects a broader industry recognition of the need for advanced solutions to address the sophisticated threats facing financial institutions today. Contact Details Proactive USA +1 347-449-0879 na-editorial@proactiveinvestors.com

April 10, 2024 02:47 PM Eastern Daylight Time

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