Category: MENA

LOUISVILLE, Colo., Feb. 12, 2025 (GLOBE NEWSWIRE) — Boulder Imaging, a leader in machine vision and artificial intelligence solutions, is proud to announce the world’s first Common Detector Interface 2 (CDI2)-compliant software. This pioneering software, combined with Authentix GemVision sensors and image processing and fitness algorithms, is designed to deliver unprecedented speed and accuracy in banknote authentication and quality assessment.

The Common Detector Interface 2 (CDI2) standard, developed by the U.S. Federal Reserve and the European Central Bank, represents a significant advancement for central banks globally. This high-tech solution standardizes banknote inspection, reduces currency waste, optimizes quality, and lowers environmental impact by increasing the lifespan of notes in circulation.

Not only does Boulder Imaging’s software comply with the CDI2 standard, but it also exceeds the requirements in many areas. The software assesses the quality of each banknote at a rate of 40 notes per second—or more than 140,000 notes per hour—with an accuracy rate exceeding 99.99%. This commitment to excellence is validated by the company’s Intergraf certification, which ensures compliance with the highest international standards for the banknote and security industry.

“Through Boulder Imaging’s leadership, CDI2 has transitioned from a technical specification to an operational reality, increasing yield and reducing costs for central banks,” said Don Mills, president and chief operating officer at Boulder Imaging. “We remain committed to delivering innovative tools that ensure speed, accuracy, and scalability for years to come.”

The industry-wide adoption of CDI2 is expected to revolutionize currency management, enabling central banks to select the most suitable detection technologies from multiple suppliers. As the banknote industry embraces this new standard, Boulder Imaging is well-positioned to provide flexible and customizable solutions, allowing central banks to optimize their banknote management processes and accommodate future security features and materials for next-generation banknotes.

Learn more at www.boulderimaging.com/banknote

About Boulder Imaging

Founded in 1995, Boulder Imaging develops and delivers innovative machine vision and artificial intelligence solutions that transform quality assurance. With unprecedented speed, accuracy, and scalability, its inspection systems solve the toughest challenges in industries including architectural products, automotive, renewable energy, security paper, and banknotes. Headquartered in Colorado, USA, Boulder Imaging is committed to advancing machine vision technology to address complex inspection needs worldwide. For more information, visit www.boulderimaging.com.

About Authentix
As the authority in authentication solutions, Authentix brings enhanced visibility and traceability to today’s complex global supply chains. For over 25 years, Authentix has provided clients with physical and software-enabled solutions to detect, mitigate, and prevent counterfeiting and other illicit trading activity for currency, excise taxable goods, and branded consumer products. The CDI2 sensors are the fifth generation of high-speed sensors that Authentix has sold to central banks. Through a proven partnership model and sector expertise, clients experience custom solution design, rapid implementation, consumer engagement, and complete program management to ensure product safety, revenue protection, and consumer trust for the best-known global brands on the market. Headquartered in Addison, Texas USA, Authentix, Inc. has offices in North America, Europe, Middle East, Asia, and Africa serving clients worldwide. For more information, visit https://www.authentix.com. Authentix® is a registered trademark of Authentix, Inc.

GlobeNewswire Distribution ID 9356664

Mavenir’s cloud-native, flexible and agile 5G SA Core solution enables EOLO to cost-effectively deliver FWA broadband services to hard-to-connect areas across Italy

RICHARDSON, Texas, Feb. 11, 2025 (GLOBE NEWSWIRE) — Mavenir, the cloud-native network infrastructure provider building the future of networks, has been selected by innovative telecommunications operator EOLO, Italy’s largest fixed wireless access (FWA) broadband provider, to supply the 5G SA Core for its groundbreaking Gbps fixed wireless access network. The deployment is among the world’s first 5G standalone FWA networks using mmWave and will deliver cost-effective ultrafast broadband internet access to areas across Italy not reached by fiber connectivity.

Mavenir’s 5G SA Core was selected by EOLO for its outstanding levels of flexibility and interoperability. The Mavenir solution will work alongside the User Plane Function (UPF) from 6Wind, marking an industry-first for interoperability and subsequent commercial deployment between Session Management Functions (SMF) and User Plane Functions (UPF) from two different vendors.

The Mavenir 5G SA Core will deliver both IP and Ethernet data units (IPDU and EPDU), which has never previously been achieved in a live environment.

Stefano Cantarelli, Executive Vice President at Mavenir, said: “This is one of the most exciting and innovative 5G FWA deployments in the world – it is pushing boundaries and using the very best 3GPP-based technologies available to deliver rural connectivity against all odds. EOLO has selected best-in-class partners for this project and Mavenir is proud to be a part of that team, bringing our 5G leadership and commitment to flexibility and agility.”

Guido Garrone, CEO at EOLO S.p.A., added: “Mavenir is an excellent team player. Their 5G Core is future-proofed, and the interoperability of their solution has enabled EOLO to choose the best partners for each element of this challenging and innovative new network. The infrastructures that we are building together will complement fiber coverage, playing a pivotal role in strengthening networks and driving the country’s future growth.”

Mavenir offers the industry’s only end-to-end cloud-native network software, with its AI-powered technology enabling energy savings, improved user experience, resource optimisation, enhanced security and fraud protection, and monetization. Its MAVcore^® functions are implemented as microservices running in containers, using open APIs to integrate with 3rd party platforms and observability frameworks. This allows CSPs such as EOLO to roll-out services faster, increase efficiency, and reduce downtime.

Mavenir’s full 5G portfolio will be displayed at the upcoming MWC Barcelona, March 3-6, in Hall 2, Stand 2H60. For more on Mavenir’s presence at the show visit  https://www.mavenir.com/mwc-2025/#request-a-meeting-mwc

About Mavenir:

Mavenir is building the future of networks today with cloud-native, AI-enabled solutions which are green by design, empowering operators to realize the benefits of 5G and achieve intelligent, automated, programmable networks. As the pioneer of Open RAN and a proven industry disruptor, Mavenir’s award-winning solutions are delivering automation and monetization across mobile networks globally, accelerating software network transformation for 300+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. For more information, please visit www.mavenir.com

About EOLO:

EOLO is a national telecommunications operator, leader in ultra-broadband wireless (FWA) for residential and business markets. It ensures high-quality access to Ultra Broadband focusing on areas affected by digital divide. EOLO is a Benefit Corporation and the first Italian telecommunications company to achieve B Corp certification. It covers over 7,000 municipalities with more than 4,100 BTS (radio transmitters). EOLO connects 1.6 million people and 116,000 businesses, public administrations, and professionals. The company relies on a network of over 17,000 individuals, including collaborators, technical installers, and commercial partners across the territory.

More information about EOLO’s services is available at www.eolo.it

Mavenir PR Contact:
Emmanuela Spiteri
[email protected]

GlobeNewswire Distribution ID 9356216

Strategic partnership delivers future-proof, global payments capabilities for insurance carriers

BOSTON, Feb. 11, 2025 (GLOBE NEWSWIRE) — Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, today announced a strategic partnership with Worldpay^®, a global industry leader in payments technology and solutions.

Worldpay’s global payments capabilities embedded in Duck Creek Payments, provide carriers with a seamless, end-to-end payment management platform tailored specifically to the insurance industry. The addition of Worldpay’s payments capabilities fortifies Duck Creek’s ability to serve carriers worldwide with its payments platform while ensuring scalability and future-proofing through continued technology investments.

“Selecting the right payments processing partner is pivotal to delivering an exceptional experience for our customers,” said Allan Lacoste, Chief Payments Officer at Duck Creek Technologies. “Worldpay aligns perfectly with our mission to provide insurance carriers with secure, efficient, and flexible payment solutions. Through this partnership, Duck Creek Payments becomes even more robust, eliminating the need for costly, bespoke integrations while embedding industry-leading payment processing capabilities directly into Duck Creek’s core technology.”

This partnership also reflects Duck Creek’s commitment to expanding its Marketplace, where strategic payment partnerships empower carriers to access a comprehensive suite of innovative payment solutions tailored to their unique needs. Worldpay’s technology is a critical, component of the Duck Creek Payments solution, emphasizing its role within the company’s ecosystem.

“By joining forces with Duck Creek, we are realizing our shared goal of modernizing payment solutions for the insurance industry,” said Jason Pavona, General Manager of North America at Worldpay. “The integration of our advanced payment technologies into Duck Creek Payments gives insurance carriers the tools they need to reduce complexity, deliver a better customer journey, and navigate an increasingly dynamic marketplace.”

Duck Creek Payments delivers unparalleled value, ensuring carriers benefit from a seamless, future-ready payments experience that integrates effortlessly into existing core systems. Additionally, insurers can process easier, more cost-effective payments and provide customers with increased payment flexibility, including Buy Now, Pay Later (BNPL) options.

About Worldpay
Worldpay is an industry leading payments technology and solutions company with unique capabilities to power omni-commerce across the globe. Our processing solutions allow businesses of all sizes to take, make and manage payments in-person and online from anywhere in the world. Annually, we process over 50 billion transactions across 146 countries and 135 currencies. We help our customers become more efficient, more secure and more successful. To learn more, visit worldpay.com or follow us on LinkedIn, Instagram, X, and or Facebook.

About Duck Creek Technologies
Duck Creek Technologies is the global 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 X.

Media Contacts:

Duck Creek:
Marianne Dempsey/Tara Stred
[email protected]

Worldpay:
Siobhan Acha Derrington
Director of Public Relations
[email protected]

GlobeNewswire Distribution ID 9355784

Strategic partnership delivers future-proof, global payments capabilities for insurance carriers

BOSTON, Feb. 11, 2025 (GLOBE NEWSWIRE) — Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, today announced a strategic partnership with Worldpay^®, a global industry leader in payments technology and solutions.

Worldpay’s global payments capabilities embedded in Duck Creek Payments, provide carriers with a seamless, end-to-end payment management platform tailored specifically to the insurance industry. The addition of Worldpay’s payments capabilities fortifies Duck Creek’s ability to serve carriers worldwide with its payments platform while ensuring scalability and future-proofing through continued technology investments.

“Selecting the right payments processing partner is pivotal to delivering an exceptional experience for our customers,” said Allan Lacoste, Chief Payments Officer at Duck Creek Technologies. “Worldpay aligns perfectly with our mission to provide insurance carriers with secure, efficient, and flexible payment solutions. Through this partnership, Duck Creek Payments becomes even more robust, eliminating the need for costly, bespoke integrations while embedding industry-leading payment processing capabilities directly into Duck Creek’s core technology.”

This partnership also reflects Duck Creek’s commitment to expanding its Marketplace, where strategic payment partnerships empower carriers to access a comprehensive suite of innovative payment solutions tailored to their unique needs. Worldpay’s technology is a critical, component of the Duck Creek Payments solution, emphasizing its role within the company’s ecosystem.

“By joining forces with Duck Creek, we are realizing our shared goal of modernizing payment solutions for the insurance industry,” said Jason Pavona, General Manager of North America at Worldpay. “The integration of our advanced payment technologies into Duck Creek Payments gives insurance carriers the tools they need to reduce complexity, deliver a better customer journey, and navigate an increasingly dynamic marketplace.”

Duck Creek Payments delivers unparalleled value, ensuring carriers benefit from a seamless, future-ready payments experience that integrates effortlessly into existing core systems. Additionally, insurers can process easier, more cost-effective payments and provide customers with increased payment flexibility, including Buy Now, Pay Later (BNPL) options.

About Worldpay
Worldpay is an industry leading payments technology and solutions company with unique capabilities to power omni-commerce across the globe. Our processing solutions allow businesses of all sizes to take, make and manage payments in-person and online from anywhere in the world. Annually, we process over 50 billion transactions across 146 countries and 135 currencies. We help our customers become more efficient, more secure and more successful. To learn more, visit worldpay.com or follow us on LinkedIn, Instagram, X, and or Facebook.

About Duck Creek Technologies
Duck Creek Technologies is the global 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 X.

Media Contacts:

Duck Creek:
Marianne Dempsey/Tara Stred
[email protected]

Worldpay:
Siobhan Acha Derrington
Director of Public Relations
[email protected]

GlobeNewswire Distribution ID 9355784