Latest news with #HosseinRahnama
Cision Canada
27-05-2025
- Business
- Cision Canada
Flybits Unveils XRCard: Agentic and Spatial Banking Technology, Untethered from Mobile Phones
Flybits Labs has developed XRCard, a groundbreaking innovation that reimagines the future of financial interaction by combining generative AI, spatial computing, and physical card technology. Designed for forward-thinking issuers ready to bring transformative technologies to market. XRCard is currently being tested in Flybits Labs and through pilot programs with select collaborators. XRCard integrates seamlessly with Flybits' modular personalization platform and OpenDome spatial capabilities, demonstrating how flexible, open architectures can support next-gen financial interfaces, while retaining the simple familiarity of a traditional card. XRCard introduces a novel interaction model that empowers users to engage with their physical card in immersive, intelligent ways. It leverages secure embodied biometrics, real-time contextual data, and Flybits' Multimodal AI - including embedded generative AI capabilities, to enable intuitive, app-less interactions without relying on a separate mobile device. Key Features of XRCard: Natural Voice Interaction using Generative AI: Speak directly to your XRCard to receive instant financial insights. This feature is optimized for use with smart glasses and integrates seamlessly with Flybits' intelligent platform, eliminating the need for a mobile app. Dynamic AR Financial Visualization (Microsecond Latency): View your transaction history and spending habits in augmented reality with fluid, low-latency 3D visualizations. Designed for use with connected glasses, this feature transforms complex financial data into easy-to-understand visuals. Seamless Social Bill Splitting (AR Enabled): Effortlessly split bills with friends using your connected glasses and XRCard's generative AI. A glance at the bill activates instant, collaborative sharing, eliminating manual calculations for the digital generation. Proactive Contextual Offers (Ask, Don't Push): Ask your XRCard for relevant, personalized offers and tips based on your real-time context, leveraging Flybits' advanced understanding beyond transactions. Get the value you need, when you need it. "The banking landscape is undergoing a significant shift, driven by a new generation of users who expect participatory digital experiences, unlike the limitations of older interfaces. Many current mobile banking apps, with their architectural and engineering shortcomings, are ill-equipped for AI-native millennials. Flybits views it as our responsibility to guide partners by showcasing realistic AI solutions, with XRCard as a prime example of an intelligent, human-centric banking experience leveraging spatial computing to move beyond today's mobile constraints", said Dr. Hossein Rahnama, Founder and CEO of Flybits. XRCard is one of several next-generation technologies emerging from Flybits Labs, which also incubates Reason Ready AI, Auditable AI, and other innovations focused on creating more responsible, explainable, and personalized financial ecosystems. As innovations like XRCard evolve, they are strategically integrated into the Flybits platform. This ensures that banks, financial institutions, and credit unions are not just keeping pace with technological advancements, but are equipped to leapfrog the competition, delivering truly differentiated and future-proof experiences to their customers. About Flybits Flybits is a leading provider of data-powered personalization solutions for financial institutions. Its modular, open platform empowers banks and credit unions to activate their data and deliver tailored customer experiences that drive engagement, loyalty, and growth. With customers across the US, Canada, the UK, and the Middle East, Flybits holds patents in machine learning and contextual computing. Its applied R&D division, Flybits Labs, collaborates with academic and corporate innovation partners to prototype the future of banking.
Globe and Mail
19-05-2025
- Business
- Globe and Mail
SEALSQ Announces Results of Its 2025 Annual General Meeting ('AGM') of Shareholders Held on May 19, 2025
Geneva, Switzerland, May 19, 2025 (GLOBE NEWSWIRE) -- SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or "Company"), a company that focuses on developing and selling Semiconductors, PKI, and Post-Quantum technology hardware and software products, today announced results of its 2025 Annual General Meeting ('AGM') of Shareholders, held in person in NYC on May 19, 2025. During the meeting, shareholders voted in favor of all resolutions put forward, including the re-election of the current seven board members (five of whom are non-executive directors), each for a one-year term extending until the conclusion of the 2026 AGM: Ruma Bose (non-executive) Cristina Dolan (non-executive) David Fergusson (non-executive) Joao Carlos Creus Moreira (executive) John O'Hara (executive) Eric Pellaton (non-executive) Peter Ward (non-executive) The SEALSQ shareholders approved the election of a new member to the company's Board of Directors as a non-executive director, for a one-year term extending until the conclusion of the 2026 AGM: Hossein Rahnama (non-executive) The AGM provided an opportunity for management to present a comprehensive financial and operational overview of SEALSQ's performance since its listing. This included discussions on key financial metrics, strategic initiatives, growth prospects, market trends, and strategic objectives aimed at ensuring sustained value creation for shareholders. The Company had previously issued its 2024 Annual Report, including financial statements for the year ended December 31, 2024. The report is available at Shareholders as of April 25, 2025 ('the Record Date') were entitled to attend and vote either in-person at the AGM, or by giving electronic or written voting instructions to their independent voting rights representative. The votes in favor of all resolutions reflects the confidence and support of SEALSQ's shareholders in the company's direction and governance, setting a positive tone for the year ahead. About SEALSQ: SEALSQ is a leading innovator in Post-Quantum Technology hardware and software solutions. Our technology seamlessly integrates Semiconductors, PKI (Public Key Infrastructure), and Provisioning Services, with a strategic emphasis on developing state-of-the-art Quantum Resistant Cryptography and Semiconductors designed to address the urgent security challenges posed by quantum computing. As quantum computers advance, traditional cryptographic methods like RSA and Elliptic Curve Cryptography (ECC) are increasingly vulnerable. SEALSQ is pioneering the development of Post-Quantum Semiconductors that provide robust, future-proof protection for sensitive data across a wide range of applications, including Multi-Factor Authentication tokens, Smart Energy, Medical and Healthcare Systems, Defense, IT Network Infrastructure, Automotive, and Industrial Automation and Control Systems. By embedding Post-Quantum Cryptography into our semiconductor solutions, SEALSQ ensures that organizations stay protected against quantum threats. Our products are engineered to safeguard critical systems, enhancing resilience and security across diverse industries. For more information on our Post-Quantum Semiconductors and security solutions, please visit Forward-Looking Statements This communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipate will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include SEALSQ's ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; and the risks discussed in SEALSQ's filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC. SEALSQ Corp is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.
