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AEye Appoints LiDAR and Semiconductor Veteran Hod Finkelstein as Chief R&D Officer

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New Position Expands Breadth and Depth of AEye’s Leadership as Company Continues Rapid Growth

DUBLIN, Calif.–(BUSINESS WIRE)–#executive–AEye, Inc., (“AEye”) the global leader in active, high-performance LiDAR solutions, today announced the appointment of Hod Finkelstein as Chief R&D Officer. A technology and business veteran, Finkelstein brings deep experience spearheading the development and commercialization of strategic and disruptive technologies, including LiDAR.


Finkelstein joins AEye from Sense Photonics, where, as CTO, he defined the company’s technology direction and led its LiDAR development activities. He started his career at Intel, designing the early Pentium chips, and was in charge of semiconductor technologies at Mellanox Technologies. During his PhD, he invented the first generic-CMOS Single-Photon-Avalanche-Diodes (SPADs), which are widely used in LiDARs today, and first demonstrated arrays of these devices. Hod was Director of Technology Development at DNA sequencing giant Illumina, where he managed the development of on-chip CMOS DNA sequencers, and was later CTO at TruTag Technologies, where he conceptualized and developed award-winning handheld and battery-operated hyperspectral cameras.

“Hod is a brilliant technology and business leader, highly respected for his work advancing disruptive semiconductor and optical sensor technologies,” said Luis Dussan, Founder and CTO at AEye. “Hod is a visionary technologist who perfectly complements and extends AEye’s seasoned management team. He is a key strategic addition as we accelerate commercialization of our leading-edge LiDAR system in various markets.”

AEye’s active LiDAR system overcomes the pitfalls of conventional LiDAR with a uniquely intelligent approach called iDAR™ (Intelligent Detection and Ranging). This high-performance LiDAR has set standards for LiDAR range, resolution and speed across all major metrics. iDAR is based on a bi-static architecture – which keeps the transmit and receive channels separate: as each laser pulse is transmitted, the solid-state receiver is told where and when to look for its return – enabling deterministic artificial intelligence to be introduced into the sensing process at the point of acquisition. Ultimately, this establishes the iDAR platform as active – allowing it to focus on what matters most, while simultaneously monitoring the vehicle’s surroundings, resulting in greater reliability, safety, and performance at longer range and lower cost.

“I am delighted to join the AEye team and to play a key role in advancing AEye’s disruptive LiDAR system,” said Finkelstein. “AEye’s approach to create an integrated perception system that brings together software extensibility, artificial intelligence, and smart, agile sensors is exceptional, and I look forward to continuing the company’s groundbreaking innovation, and its relentless customer-focus.”

AEye’s customers and partners have the ability to engage in a live test drive with an AEye engineer from the comfort of their own home or office via AEye’s interactive web-based demo platform, Raptor. To see what a software-configurable sensor can do, and to experience iDAR’s record-breaking performance in real-time, visit aeye.ai/demo-the-4sight-m.

About AEye

AEye is the premier provider of high-performance, active LiDAR systems for vehicle autonomy, advanced driver-assistance systems (ADAS), and robotic vision applications. AEye’s AI-enabled and software-definable iDAR™ (Intelligent Detection and Ranging) platform combines solid-state active LiDAR, an optionally fused low-light HD camera, and integrated deterministic artificial intelligence to capture more intelligent information with less data, enabling faster, more accurate, and more reliable perception. The company is based in the San Francisco Bay Area and backed by world-renowned financial investors including Kleiner Perkins and Taiwania Capital, as well as GM Ventures, Continental AG, Hella Ventures, LG Electronics, Subaru-SBI, Pegasus Ventures (Aisin), Intel Capital, SK Hynix and Airbus Ventures.

Contacts

Media Relations:
AEye, Inc.

Jennifer Deitsch

[email protected]
925-400-4366

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Source: https://www.fintechnews.org/aeye-appoints-lidar-and-semiconductor-veteran-hod-finkelstein-as-chief-rd-officer/

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Miami is first city to accept ‘gift’ proceeds from new cryptocurrency

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Miami this month became the first U.S. city to use cryptocurrency to help bankroll its budget, but other cities may soon choose to follow if this new way of using crypto technology takes hold. The Miami city commissioners voted Sept. 13 to accept a gift of 30% of the revenue generated from MiamiCoin cryptocurrency, valued […]

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Source: https://bankautomationnews.com/allposts/crypto-defi/miami-is-first-city-to-accept-gift-proceeds-from-new-cryptocurrency/

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Aite-Novarica Group research ranks 7 core providers for digital banking solutions

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When it comes to core providers, Temenos edged out six others as the “best in class vendor” in a matrix released last week. The Aite-Novarica Group released its Aite Matrix: U.S. Digital Banking Solutions of CoreProviders ranks vendors by overall competitive position, stability, client strength, product features and client services. Temenos “has been able to […]

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Source: https://bankautomationnews.com/allposts/core-cloud/aite-novarica-group-research-ranks-7-core-providers-for-digital-banking-solutions/

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Signifyd Collaborates with Capital One To Help Retailers Combat False Positives

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A new partnership between Finovate alum Signifyd and Capital One will bring the fraud prevention specialist’s Authorization Rate Optimization solution to the bank’s payment ecosystem. The integration will help boost authorization rates and reduce the number of orders on Capital One credit cards that are inaccurately declined due to suspected fraud. This will increase revenue for retailers, as well as enhance customer lifetime value. Capital One will benefit from stronger cardholder loyalty, while cardholders will enjoy a more secure, online shopping experience with less friction.

“We are so pleased to partner with Capital One to solve a strategic issue for the ecommerce world,” Signifyd CEO Ra Ramanand said. “The very largest ecommerce sites globally can work directly with issuers to optimize their auth rates, but what do other merchants do? They come to Signifyd because we can optimize payment acceptance through our deep product integrations across the financial ecosystem.”

Signifyd’s Authorization Rate Optimization technology will be integrated with Capital One’s Enhanced Decisioning Data API. This will give Capital One enhanced data and fraud insights to help establish whether or not a given transaction should be approved or declined at the bank authorization stage. The solution provides identity intelligence across the entire shopper journey, delivering instant insights from the Signifyd Commerce Network at checkout, and helping authorization rates go up and the number of false declines go down.

An increase in false declines are, in some ways, the predicable outcome of the arms race between retailers and fraudsters. As fraud becomes more sophisticated, with more attacks and intrusions taking place earlier in the transaction process, both banks and merchants have found themselves increasingly declining payment at the authorization stage. The Economist reported that up to one in eight e-commerce dollars are currently declined during payment authorization, and the Aite Group reported that 62% of the merchants it surveyed admitted that their false decline rates have gone up in the last two years.

“There is no reason (why) merchants and banks should miss the opportunity to create seamless customer experiences at checkout,” Signifyd General Manager, Payment Solutions Okan Ozaltin said. “Working directly with issuing banks such as Capital One means Signifyd can offer the kind of ecommerce protection that makes life better for merchants and their loyal customers.”

Making its Finovate debut at FinovateSpring in 2013, Signifyd has become a leading, enterprise-grade fraud prevention platform. This year, the company was recognized by G2 in its 2021 Summer Report as a leader in the space as well as being first in market presence. Founded in 2011 and headquartered in Palo Alto, California, Signifyd has raised $390 million in funding, including a $205 million Series E round closed in April that was led by Owl Rock Capital. In addition to its partnership with Capital One – itself an alum of Finovate’s developer conference FinDEVr – Signifyd has teamed up in recent months with B2B payments specialist Adflex and, this spring, launched its Return Abuse Prevention Solution, which helps retailers better manage the $43 billion problem of fraudsters who abuse the refund and return system.

“Unfortunately, fraudsters and a subset of consumers are becoming more aggressive and ingenious when it comes to taking advantage of return policies meant to make life easier for shoppers,” Signifyd Vice President of Product Gayathri Somanath said when the solution was introduced. “Return Abuse Prevention relies on Signifyd’s network data, machine learning models and our new Decision Center module to give retailers the tools they need to stay ahead of this increasing, revenue-crushing trend.”


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Source: https://finovate.com/signifyd-collaborates-with-capital-one-to-help-retailers-combat-false-positives/

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Temenos goes live with payment processor Paymentology

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Customers of banking software company Temenos gained access to a cloud-based payment processor when an app for Paymentology went live last week on the Temenos Marketplace, a self-service digital store, Temenos announced.

The collaboration gives banking clients of the Switzerland-based Temenos pre-integrated third-party solutions to deliver card products with spend controls and other features backed by secure cloud-native payment processing technology, Temenos said in a release.

“For the provider, the benefits are that they get access to a very broad market reach and a very broad customer base,” Martin Bailey, director of innovation and ecosystem at Temenos, told Bank Automation News. “And for our customers, they get access to a curated set of solutions that they know has been through some good due diligence, so they can build a truly composable solution and make themselves individual in the market.”

The Temenos platform offers cloud-based, cloud-agnostic, API-based digital banking, core banking, payments, fund management, and wealth management software products. More than 3,000 banks and financial institutions are running Temenos cloud-native banking software and software-as-a-service (SaaS) solutions, including the $2.98 trillion HSBC and $1.6 trillion Credit Suisse. The marketplace, part of the Temenos ecosystem, connects banks with fintech solutions like Salt Edge, Qualco, Wise and Bluecode.

Launched in 2015, London-based Paymentology specializes in replacing legacy issuer card processing with a payment processing platform used by challenger banks such as Revolut and Standard Chartered’s Mox Bank.

The partnership will provide banks with real-time data feeds that can include more than 120 lines of information associated with any transaction, rather than the 10 to 20 lines of data most legacy systems use, Bailey said. This gives banks more granular, actionable information on customers’ habits.

“A lot of the value in banking comes down to what you know about the costs. So, things like analytics and explainable [artificial intelligence] are key to making sure that you understand that, and both of those are very data-centric,” Bailey said. “So, the more data you can feed them, the better. There’s more that we can correlate; there’s more that we can spot trends. It’s just a much richer set of data to work with.”

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Source: https://bankautomationnews.com/allposts/core-cloud/temenos-goes-live-with-payment-processor-paymentology/

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