Latest news with #NewsweekAIImpactAwards
Business Wire
17 hours ago
- Business
- Business Wire
Perfect Corp.'s AI Skin Analysis Technology Wins Newsweek AI Impact Award for Best Customer Experience in Brand & Retail Category
NEW YORK--(BUSINESS WIRE)--Perfect Corp., the leading beauty and fashion tech solutions provider, today announced that it has been named the winner of the 'Brand & Retail: Best Outcomes, Customer Experience' category at the prestigious Newsweek AI Impact Awards. The award recognizes Perfect Corp.'s groundbreaking Real-Time Skin Analysis solution for its transformative impact on customer engagement and skincare personalization. The Newsweek AI Impact Awards celebrate the most innovative and effective uses of artificial intelligence across industries, honoring solutions that deliver tangible business outcomes and enhance user experiences. This year, Perfect Corp.'s Real-Time Skin Analysis stood out for its ability to empower consumers with instant, AI-powered skin assessments, enabling them to make more informed skincare decisions from anywhere, at any time. 'Our Real-Time Skin Analysis solution leverages advanced AI and deep learning technologies to analyze skin in seconds with remarkable precision,' said Alice Chang, CEO and Founder of Perfect Corp. 'We're honored to receive this recognition from Newsweek, which reflects our ongoing commitment to transforming the beauty industry with cutting-edge technology that truly empowers consumers to achieve their skincare goals.' Perfect Corp.'s AI Skin Analysis solution uses state-of-the-art AI algorithms trained on over +70,000 medical grade skincare images, enabling it to detect key skin concerns including moisture levels, oiliness, fine lines, wrinkles, spots, and acne. This innovative software delivers personalized skincare recommendations in real-time, helping beauty brands and retailers enhance customer engagement, loyalty, and satisfaction. As the AI revolution continues to reshape industries worldwide, the Newsweek AI Impact Awards shine a spotlight on real-world solutions that make a meaningful difference. Perfect Corp.'s recognition in the Brand & Retail category demonstrates the powerful role that AI can play in enhancing customer experiences in skincare and driving tangible business success. To learn more about Perfect Corp.'s AI Skin Analysis solution, visit About Perfect Corp. Founded in 2015, Perfect Corp. (NYSE: PERF) is on a mission to make beauty smarter, more personalized, and more fun through Beautiful AI. As a global leader in AI and AR-powered beauty and fashion technology, we help brands and consumers connect through immersive, interactive digital experiences. With cutting-edge AI solutions, Perfect Corp. powers iconic virtual try-ons across makeup, hairstyles, eyewear, jewelry, watches, and fashion accessories, along with advanced AI-driven analyzers for skin and hair that provide real-time insights for personalized recommendations. Our generative AI tools take creativity to the next level, offering photo and video editing, AI content generation, and personalized beauty experiences. Trusted by over 705 global brands and 1.1 billion YouCam app downloads, we make beauty, fashion, and skincare more accessible, engaging, and intuitive than ever before.
Yahoo
18-06-2025
- Business
- Yahoo
ABBYY Wins Newsweek AI Impact Award for Transforming Financial Operations with Document AI
AUSTIN, Texas, June 18, 2025--(BUSINESS WIRE)--The power of ABBYY AI was recognized by the Newsweek AI Impact Awards taking the top honor in the category, "AI in Finance: Best Outcomes, Accounting." The award recognized ABBYY's excellence in eliminating manual invoice processing, significantly reducing operational costs and surpassing expectations with its AI-powered intelligent document processing (IDP) solutions. Judges praised ABBYY for delivering measurable impact, notably improving efficiency and accuracy, and successfully integrating with existing enterprise systems enabling more fulfilling and value-generating experiences for staff in accounts payable for leading organizations. At an Australian dairy cooperative, ABBYY's AI-powered IDP technology intelligently automated the processing of 300,000 invoices annually across two ERP systems. The initiative reduced labor costs by nearly 80%, contributing directly to the company's mission of reinvesting profits back into its farmer-owned community. ABBYY also made significant impact at a global provider of vehicle parts and accessories. Previously handling 17,000 invoices manually each month, the manufacturer adopted ABBYY's purpose-built document AI to automate the process. The transformation not only eliminated overtime costs but also reduced storage and printing costs and improved employee engagement by allowing teams to shift focus from repetitive tasks to higher-value activities like exception handling and statement reconciliations. "We are honored to be recognized by the Newsweek AI Impact Awards for the success our customers achieve using ABBYY Document AI. This win underscores our leadership in intelligent automation and commitment to helping businesses harness the power of AI," said Ulf Persson, CEO of ABBYY. "While this award recognizes our impact in accounts payable and invoice processing, our customers across all functions of the business experience the same results whether it's for claims processing, retail lending, customs declarations, tax preparation, trade finance, customer onboarding, or health records digitalization and prior authorization." The Newsweek AI Impact Awards celebrates the transformative power of AI to solve everyday business challenges and the impact and outcomes of its use. ABBYY will also be attending the Newsweek AI Impact Summit taking place June 23-25, 2025 in Sonoma, California. Learn more about how ABBYY Document AI transforms accounts payable automation by visiting and watching the video About ABBYY ABBYY puts your information to work with purpose-built AI. We combine innovation and experience to transform data from business-critical documents into intelligent actionable outcomes in over 200 languages in real time. We are trusted by more than 10,000 companies globally, including many of the Fortune 500, to drive significant impact where it matters most: accelerate the customer experience, operational excellence, and competitive advantage. ABBYY is a global company with headquarters in Austin, Texas and offices in 13 countries. For more information, visit and follow us on LinkedIn, Twitter, Facebook, and Instagram. ABBYY can either be a registered trademark or a trademark and can also be a logo, a company name (or part of it), or part of a product name of ABBYY group companies and may not be used without consent of its respective owners. View source version on Contacts Editorial Contact: Gina +1 949-370-0941 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
18-06-2025
- Business
- Business Wire
ABBYY Wins Newsweek AI Impact Award for Transforming Financial Operations with Document AI
AUSTIN, Texas--(BUSINESS WIRE)--The power of ABBYY AI was recognized by the Newsweek AI Impact Awards taking the top honor in the category, 'AI in Finance: Best Outcomes, Accounting.' This win underscores our leadership in intelligent automation and commitment to helping businesses harness the power of AI. Our customers across all functions of the business experience the same results. The award recognized ABBYY's excellence in eliminating manual invoice processing, significantly reducing operational costs and surpassing expectations with its AI-powered intelligent document processing (IDP) solutions. Judges praised ABBYY for delivering measurable impact, notably improving efficiency and accuracy, and successfully integrating with existing enterprise systems enabling more fulfilling and value-generating experiences for staff in accounts payable for leading organizations. At an Australian dairy cooperative, ABBYY's AI-powered IDP technology intelligently automated the processing of 300,000 invoices annually across two ERP systems. The initiative reduced labor costs by nearly 80%, contributing directly to the company's mission of reinvesting profits back into its farmer-owned community. ABBYY also made significant impact at a global provider of vehicle parts and accessories. Previously handling 17,000 invoices manually each month, the manufacturer adopted ABBYY's purpose-built document AI to automate the process. The transformation not only eliminated overtime costs but also reduced storage and printing costs and improved employee engagement by allowing teams to shift focus from repetitive tasks to higher-value activities like exception handling and statement reconciliations. 'We are honored to be recognized by the Newsweek AI Impact Awards for the success our customers achieve using ABBYY Document AI. This win underscores our leadership in intelligent automation and commitment to helping businesses harness the power of AI,' said Ulf Persson, CEO of ABBYY. 'While this award recognizes our impact in accounts payable and invoice processing, our customers across all functions of the business experience the same results whether it's for claims processing, retail lending, customs declarations, tax preparation, trade finance, customer onboarding, or health records digitalization and prior authorization.' The Newsweek AI Impact Awards celebrates the transformative power of AI to solve everyday business challenges and the impact and outcomes of its use. ABBYY will also be attending the Newsweek AI Impact Summit taking place June 23-25, 2025 in Sonoma, California. Learn more about how ABBYY Document AI transforms accounts payable automation by visiting and watching the video About ABBYY ABBYY puts your information to work with purpose-built AI. We combine innovation and experience to transform data from business-critical documents into intelligent actionable outcomes in over 200 languages in real time. We are trusted by more than 10,000 companies globally, including many of the Fortune 500, to drive significant impact where it matters most: accelerate the customer experience, operational excellence, and competitive advantage. ABBYY is a global company with headquarters in Austin, Texas and offices in 13 countries. For more information, visit and follow us on LinkedIn, Twitter, Facebook, and Instagram. ABBYY can either be a registered trademark or a trademark and can also be a logo, a company name (or part of it), or part of a product name of ABBYY group companies and may not be used without consent of its respective owners.
Yahoo
18-06-2025
- Business
- Yahoo
ABBYY Wins Newsweek AI Impact Award for Transforming Financial Operations with Document AI
AUSTIN, Texas, June 18, 2025--(BUSINESS WIRE)--The power of ABBYY AI was recognized by the Newsweek AI Impact Awards taking the top honor in the category, "AI in Finance: Best Outcomes, Accounting." The award recognized ABBYY's excellence in eliminating manual invoice processing, significantly reducing operational costs and surpassing expectations with its AI-powered intelligent document processing (IDP) solutions. Judges praised ABBYY for delivering measurable impact, notably improving efficiency and accuracy, and successfully integrating with existing enterprise systems enabling more fulfilling and value-generating experiences for staff in accounts payable for leading organizations. At an Australian dairy cooperative, ABBYY's AI-powered IDP technology intelligently automated the processing of 300,000 invoices annually across two ERP systems. The initiative reduced labor costs by nearly 80%, contributing directly to the company's mission of reinvesting profits back into its farmer-owned community. ABBYY also made significant impact at a global provider of vehicle parts and accessories. Previously handling 17,000 invoices manually each month, the manufacturer adopted ABBYY's purpose-built document AI to automate the process. The transformation not only eliminated overtime costs but also reduced storage and printing costs and improved employee engagement by allowing teams to shift focus from repetitive tasks to higher-value activities like exception handling and statement reconciliations. "We are honored to be recognized by the Newsweek AI Impact Awards for the success our customers achieve using ABBYY Document AI. This win underscores our leadership in intelligent automation and commitment to helping businesses harness the power of AI," said Ulf Persson, CEO of ABBYY. "While this award recognizes our impact in accounts payable and invoice processing, our customers across all functions of the business experience the same results whether it's for claims processing, retail lending, customs declarations, tax preparation, trade finance, customer onboarding, or health records digitalization and prior authorization." The Newsweek AI Impact Awards celebrates the transformative power of AI to solve everyday business challenges and the impact and outcomes of its use. ABBYY will also be attending the Newsweek AI Impact Summit taking place June 23-25, 2025 in Sonoma, California. Learn more about how ABBYY Document AI transforms accounts payable automation by visiting and watching the video About ABBYY ABBYY puts your information to work with purpose-built AI. We combine innovation and experience to transform data from business-critical documents into intelligent actionable outcomes in over 200 languages in real time. We are trusted by more than 10,000 companies globally, including many of the Fortune 500, to drive significant impact where it matters most: accelerate the customer experience, operational excellence, and competitive advantage. ABBYY is a global company with headquarters in Austin, Texas and offices in 13 countries. For more information, visit and follow us on LinkedIn, Twitter, Facebook, and Instagram. ABBYY can either be a registered trademark or a trademark and can also be a logo, a company name (or part of it), or part of a product name of ABBYY group companies and may not be used without consent of its respective owners. View source version on Contacts Editorial Contact: Gina +1 949-370-0941
Yahoo
18-06-2025
- Business
- Yahoo
Instnt Named Newsweek AI Impact Award Winner
Groundbreaking Identity Fraud Loss Insurance Solution Recognized as Innovative Fraud Solution NEW YORK, June 18, 2025--(BUSINESS WIRE)--Instnt, the first AI-powered platform offering insurance coverage for identity and first-party fraud losses, announced today its recognition as an AI Finance: Best Outcomes, Mitigating Fraud winner in Newsweek's inaugural AI Impact Awards. Fraud remains a global crisis, with businesses losing $485.6 billion in 2023. Despite the availability of advanced fraud detection tools, financial institutions continue to suffer substantial financial losses from fraud, resulting in operational inefficiencies, restricted customer approvals, and significant compliance challenges. Instnt is the first and only AI-powered identity fraud loss insurance solution, integrating machine learning-driven risk assessment with access to insurance-backed financial protection. With it, businesses can now offload fraud loss liability while approving more legitimate customers with confidence. Unlike traditional fraud detection tools that merely flag suspicious activity, Instnt absorbs the financial impact of fraud, allowing businesses to focus on growth, customer acquisition, and financial resilience. "Fraud loss is not going away," said Sunil Madhu, Founder and CEO of Instnt. "As we continue to weather current economic uncertainty and the results of industry deregulation, banks need to be increasingly strategic in their fraud risk mitigation and how they leverage their tier 1 capital reserves. At Instnt, we're proud to finally offer them a viable solution - removing the cost of fraud loss from their balance sheets and opening up new avenues for growth and innovation without added risk." The Newsweek AI Impact Awards identify and recognize practitioners' unique use of AI to solve everyday business challenges, celebrating not the big ideas, but instead the impact and outcomes of practical use. Winning entries were selected by a panel of expert judges from a variety of industries and were handpicked by the Newsweek editorial team. To view the full list of winners, click here. Learn More About Fraud Loss Insurance Fraud Loss Insurance is now available to businesses seeking to transform their approach to fraud risk management. Visit or contact us at hello@ to learn more or request a personalized quote. About Instnt Instnt is a venture-backed insurance technology business headquartered in New York. Instnt's AI mitigates fraud risks for businesses and transfers residual losses to the insurance market through a unique partnership with global A-rated insurers, saving businesses millions in operational and treasury costs. Instnt was founded by its CEO, Sunil Madhu, a serial entrepreneur, founder and former CEO of $5B fraud identity leader, Socure. For more information, visit View source version on Contacts Media Contact Instnt, Inc.(888) 410-0128Press@ Sign in to access your portfolio
