Latest news with #TomMoore
Finextra
5 days ago
- Business
- Finextra
Will identity become the ultimate currency?
0 This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. This is an excerpt from The Future of European Fintech 2025: A Money20/20 Special Edition. The meaning of the term 'Digital DNA' keeps changing as technology, especially in financial services, marches inexorably forward. What once might have literally meant how DNA (in genetic terms) is expressed in a digital format now encompasses many facets – ranging from human physical characteristics to unique identifying or verification information and even patterns in behaviour and actions observed in a system's users (or increasingly, by 'bots' - applications that are programmed to perform certain tasks, whether helpful or nefarious) while in communication with that system. Now, when we talk of digital identity in financial services, there's a growing list of ways financial institutions and their business and security partners verify clients' authenticity and authority. These might be deployed during interactions such as account opening, onboarding, transaction execution or screening, or any number of mundane or urgent (such as anti-money laundering detection) reporting applications. 'Positive' identification of financial systems players and providers is definitely not just about passwords and PINs anymore, but it's more important than ever. Tom Moore, head of financial services at Moore Kingston Smith, explained such identification methods used in the industry include 'advanced biometrics, such as facial and voice recognition,' and increasingly, behavioural biometrics as well. The latter might be described as observing and tracking the conditions, actions, and patterns surrounding a system user's activity on a system, including speed or key selection when typing, velocity, or direction of mouse travel when filling in forms or checking boxes, how touchscreen options are selected, and so forth. Julija Fescenko, head of marketing and communication for Magnetiq Bank, pointed out that emerging digital identity tools help fight what is a massive and growing fraud threat faced by the financial services industry and its customers. That's because fraudsters are becoming ever more adept at 'faking' identities, stealing information and access, and committing all sorts of crimes, schemes, and scams using similar technological tricks or tools to subvert legitimate use of financial systems. Fescenko believes biometrics and digital identity advances are likely to become 'essential for future financial access,' and even now, she said, they are demonstrating their worth in many areas, including 'making the onboarding process both seamless and secure.' 'Digital identity and biometric verification are more sophisticated, integrated, and user-centric than ever before,' added Moore. These and other emerging tools, he stated, have been 'seamlessly embedded into the UX,' to 'provide customers better control over their (user experience) and personal data.' Wendy Redshaw, chief digital information officer at NatWest Group, concurred. 'We see digital identity evolving through wider use of biometrics and the growth of decentralised identity models,' she said. Ahmed Badr, chief operating officer at GoCardless, hailed the growing usage and superiority of digital ID methods over traditional forms of authentication, and pointed to their speed and utility value for businesses as well. 'Biometrics,' he asserted, 'can accelerate tedious processes such as identity verification, reducing the burden on firms to repeatedly perform the same checks on individuals.' With all of the benefits that biometrics and digital identity innovations offer, Badr and his fellow experts in financial services also recognise these tools and techniques bring new compliance challenges. They point to specific concerns around EU General Data Protection Regulation (GDPR) and privacy requirements that must always be firmly embedded in the identity verification processes used by FIs and fintech firms. 'Biometric data, for example, is classified as 'special category' data,' Moore explained, 'which requires explicit consent and additional safeguards; so, businesses need to have strong data protection measures and more robust security' to meet regulatory requirements in this area. Fescenko also cautioned of the balance that must be maintained between innovation and privacy rights – citing GDPR regulations as well. NatWest's Redshaw said the bank ensures that all developments it undertakes 'align with our artificial intelligence and data ethics code of conduct, prioritising transparency, individual agency, and responsible data use.' Meanwhile, Badr asserted, one advantage of new identity verification tools is to simplify compliance, but it's not quite that simple: 'If done right, biometrics can make it easier to comply with GDPR. However, the growing use of sensitive biometric data raises concerns about possible misuse or breaches.' How can we build a harmonised digital identity amid conflicting regulations? As business expands further beyond local and national borders, questions are mounting about how to take identity verification to the next level – to unify its procedures and processes in an internationally-agreed, recognised, and practiced approach. Given the diverse regulatory environments involved, this is a daunting challenge. But it's doable, say our industry experts. Unification of international ID standards and verification procedures, Badr predicted, 'would be a massive help in fulfilling obligations to verify and carry out checks for Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF).' An added benefit of implementing common ID verification standards regardless of nation or region is that it 'could significantly streamline processes and reduce inefficiencies for businesses operating across multiple jurisdictions.' But discussions and negotiations on these topics and the potential of harmonised identity verification regulations won't generate 'quick hits' either. Badr noted that it will likely take a lot of time and effort for regulators in multiple jurisdictions to reach consensus on how to proceed, and, as he put it, 'feel comfortable in unifying these systems,' due to not just their differences in national laws and priorities, but also 'significant concerns (among some) about the 'big brother state' implications and the potential for misuse of that information for other purposes.' NatWest's Redshaw expressed a similar affinity for common ID standards within her bank: 'We recognise the potential for a unifying identify verification system across borders to drive growth, enhance security, reduce fraud, and prevent identity theft.' Yet, those implementation challenges remain, she said, due to 'differing regulatory environments, national data standards, and varied approaches to privacy.' 'Any solution,' on cross-border ID verification, Redshaw stated, must not only ensure 'compliance, transparency, and trust,' but also needs to be aligned to AI and data ethics and codes of conduct. The path to take, and 'the key to realising the full benefits of a cross-border solution,' Redshaw asserted, is to harmonise these frameworks, 'while protecting individual rights and maintaining robust oversight.' Simplification of compliance and customer onboarding would be two key benefits of a unique cross-border identification system, agreed Magnetiq Bank's Fescenko. She reiterated, however, that the significant challenges of putting such a system in place can't be ignored: 'To achieve this, we must address data sovereignty, interoperability, and differing national regulations.' One workable framework, Fescenko suggested, could be a 'federated model, potentially based on European digital ID initiatives like eIDAS 2.0,' which 'could serve as a foundation for this system, supported by trusted public-private partnerships.' Moore is ultimately supportive of his banking and fintech counterparts' viewpoints, yet raised cautions on the realistic promise and outlook for common identity verification standards, especially as fraudsters continue to grow more creative and competent every day in 'breaking the rules' proposed standards attempt to establish. These new processes and regulations governing them can't simply be instituted on their own, he said, but must be rolled out and maintained as part of a coordinated approach internally within institutions and countries or regions as well as among the wider universe of extra-national institutions and regulatory bodies. They must also acknowledge that innovative and malevolent forces are lining up to try to defeat them in the marketplace. 'New threats such as deepfakes present a huge fraud risk for any businesses relying on biometric data, so measures such as continuous identity verification - constantly monitoring user behaviour, device health, and contextual risk factors to detect anomalies and revoke access if necessary - or liveness detection (how a system determines if any biometric is real, from a live person at the point of capture) need to be integrated.' These conditions, he said aren't optional, but essential for success of any coordinated ID verification initiative. Moore also noted that transaction friction can't be so impeded by any new ID checking standards that the pace or growth of commerce is unreasonably slowed either. 'There's got to be a balance […] if the fintech has overly restrictive systems it could impact the UX, while a lax system could lead to non-compliance or data breaches.' Moore agreed with his fellow experts in banking and fintech that 'decentralised identity models might allow more people to manage their digital identities without relying on a centralised authority, but fintechs using those models still have to comply with GDPR.' He emphasised: 'If they're processing the personal data of individuals within the EU or EEA. Privacy has got to be considered from the outset,' if proposed solutions to verify 'Digital DNA' are to succeed as the 'new currency' of ultimate security within the financial services world.
Yahoo
12-05-2025
- Business
- Yahoo
ProvisionAi Launches Make-n-Ship—A Breakthrough AutoO2 Capability for Optimizing Factory Shipments in Tight Dock Environments
The new feature enables real-time shipment building that aligns with production schedules and supply-plan priorities, even in manufacturing facilities with limited space FRANKLIN, Tenn., May 12, 2025 (GLOBE NEWSWIRE) -- ProvisionAi, with patented AI-powered transportation optimization, today announced the launch of Make-n-Ship, a powerful new capability in its AutoO2 platform. Designed specifically for factories with minimal or no buffer space between production lines and shipping docks, Make-n-Ship enables intelligent shipment building that reduces transportation costs and deploys the right product to the right load planning systems assume flexibility regarding when and where goods can be staged prior to shipment. However, many manufacturing plants operate in environments where finished goods must go directly from the line to the trailer. Make-n-Ship addresses this challenge by leveraging real-time production schedules, utilizing every inch of available staging space, and optimizing load configurations to align with supply plan priorities. 'Factories with little or no storage space have been forced to make trade-offs between operational feasibility and transportation efficiency,' said Tom Moore, CEO of ProvisionAi. 'Make-n-Ship eliminates that compromise. It dynamically adapts to the production reality, respects the uncertainty in attainment, and still finds a way to maximize trailer fill and minimize freight spend. The Make-n-Ship capability ensures that the product is deployed to the site that needs it most by closely aligning shipments with the supply plan's prioritization logic. If a production run is cut short, Make-n-Ship automatically creates the shipment plan to send available product to the highest-need destinations first—those at greatest risk of stockout or those most critical to downstream operations. Conversely, if production exceeds requirements, the system applies customizable business rules to smartly offload the excess, for example, replenishing nearby hubs or 'fair sharing' the excess, ensuring the dock stays clear without disrupting the broader supply chain plan. Key features of Make-n-Ship include: Intelligent staging space utilization, making optimal use of constrained buffer zones without requiring manual intervention. Alignment with supply plan priorities, ensuring that the most critical products ship first—even when production variability occurs. Optimization of shipment size and mode, reducing transportation costs while improving service levels. This enhancement is now available to all AutoO2 customers and can be implemented with minimal disruption. Companies in food, beverage, consumer products, and other high-volume industries will particularly benefit from this capability where dock congestion and inventory precision are mission-critical. To learn more about Make-n-Ship and how AutoO2 can transform your factory shipments, contact sales@ About ProvisionAiProvisionAi is the creator of LevelLoad and AutoO2, the only patented solution that seamlessly links supply planning with transportation execution to optimize truckload efficiency and reduce costs. Trusted by Fortune 500 manufacturers and logistics teams, ProvisionAi helps unlock hidden savings and deliver supply chain sustainability at scale. A photo accompanying this announcement is available at
Business Upturn
12-05-2025
- Business
- Business Upturn
ProvisionAi Launches Make-n-Ship—A Breakthrough AutoO2 Capability for Optimizing Factory Shipments in Tight Dock Environments
FRANKLIN, Tenn., May 12, 2025 (GLOBE NEWSWIRE) — ProvisionAi, with patented AI-powered transportation optimization, today announced the launch of Make-n-Ship, a powerful new capability in its AutoO2 platform. Designed specifically for factories with minimal or no buffer space between production lines and shipping docks, Make-n-Ship enables intelligent shipment building that reduces transportation costs and deploys the right product to the right place. Traditional load planning systems assume flexibility regarding when and where goods can be staged prior to shipment. However, many manufacturing plants operate in environments where finished goods must go directly from the line to the trailer. Make-n-Ship addresses this challenge by leveraging real-time production schedules, utilizing every inch of available staging space, and optimizing load configurations to align with supply plan priorities. 'Factories with little or no storage space have been forced to make trade-offs between operational feasibility and transportation efficiency,' said Tom Moore, CEO of ProvisionAi. 'Make-n-Ship eliminates that compromise. It dynamically adapts to the production reality, respects the uncertainty in attainment, and still finds a way to maximize trailer fill and minimize freight spend. The Make-n-Ship capability ensures that the product is deployed to the site that needs it most by closely aligning shipments with the supply plan's prioritization logic. If a production run is cut short, Make-n-Ship automatically creates the shipment plan to send available product to the highest-need destinations first—those at greatest risk of stockout or those most critical to downstream operations. Conversely, if production exceeds requirements, the system applies customizable business rules to smartly offload the excess, for example, replenishing nearby hubs or 'fair sharing' the excess, ensuring the dock stays clear without disrupting the broader supply chain plan. Key features of Make-n-Ship include: Intelligent staging space utilization, making optimal use of constrained buffer zones without requiring manual intervention. Alignment with supply plan priorities, ensuring that the most critical products ship first—even when production variability occurs. Optimization of shipment size and mode, reducing transportation costs while improving service levels. This enhancement is now available to all AutoO2 customers and can be implemented with minimal disruption. Companies in food, beverage, consumer products, and other high-volume industries will particularly benefit from this capability where dock congestion and inventory precision are mission-critical. To learn more about Make-n-Ship and how AutoO2 can transform your factory shipments, contact [email protected]. About ProvisionAi ProvisionAi is the creator of LevelLoad and AutoO2, the only patented solution that seamlessly links supply planning with transportation execution to optimize truckload efficiency and reduce costs. Trusted by Fortune 500 manufacturers and logistics teams, ProvisionAi helps unlock hidden savings and deliver supply chain sustainability at scale. A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Business Upturn
09-05-2025
- Business
- Business Upturn
ProvisionAi Enhances AutoO2 Platform with Smart Shipment Adjustment Feature
FRANKLIN, Tenn., May 09, 2025 (GLOBE NEWSWIRE) — ProvisionAi, a pioneer in AI-driven logistics optimization, announced today an innovative new feature for its acclaimed AutoO2 platform: Smart Shipment Adjustment. This enhancement significantly streamlines warehouse operations by enabling logistics teams to easily adapt and fill shipments dynamically during operational processes. 'This new capability addresses a common real-world issue in logistics,' explained Tom Moore, Founder and CEO of ProvisionAi. 'For instance, if you plan to ship 100 cases of a product but discover a damaged pallet limiting you to 50 cases, our technology now allows warehouses to quickly and intelligently adjust shipment loads on the spot, without the need for extensive re-planning.' The Smart Shipment Adjustment feature empowers warehouse personnel to dynamically optimize truckloads, reducing downtime and improving efficiency, all while maintaining compliance with shipping and safety standards. 'We've streamlined the adjustment process, enabling logistics managers to quickly build and optimize shipments directly at the warehouse level,' Moore added. 'This kind of agility is crucial for businesses facing unpredictable circumstances every day.' ProvisionAi's continued innovation demonstrates its commitment to aligning operational efficiency with sustainable and cost-effective logistics solutions. Companies leveraging the enhanced AutoO2 platform can now respond faster to operational disruptions, ensuring smoother operations, lower costs, and reduced carbon emissions. For additional details about ProvisionAi and the latest AutoO2 enhancements, visit . About ProvisionAi ProvisionAi leads the industry with AI-powered logistics optimization, reducing both environmental impact and operational costs. Its flagship AutoO2 platform continues to transform how companies manage supply chain logistics, delivering substantial efficiency gains and sustainability improvements. Media Contact: Tom Moore [email protected]Cell: +1 615 417-9591
USA Today
06-04-2025
- Science
- USA Today
Iron Age archaeological find: British 'bling' from 2,000 years ago included horse harnesses
Iron Age archaeological find: British 'bling' from 2,000 years ago included horse harnesses The Melsonby Hoard, a collection of more than 800 Iron Age artifacts found in northeast England, suggests Britons in the region were richer and more mobile than previously thought, archaeologists say. Show Caption Hide Caption Impressive Iron Age discovery uncovers hundreds of ancient items Hundreds of objects dating back around 2,000 years were discovered by Durham University archaeologists in Malsonby, the United Kingdom. Ancient England had more "bling" than historians have given them credit for. That is the conclusion archaeologists drew from a cache of more than 800 Iron Age artifacts from northeast England dating back about 2,000 years ago. Found in a field near Melsonby, North Yorkshire in December 2021, The Melsonby Hoard consists of metal artifacts, including horse harnesses, chariots, tires, ceremonial spears and a pair of cauldrons. 'The Melsonby Hoard is of a scale and size that is exceptional for Britain and probably even Europe," said Tom Moore, a professor and head of the Department of Archaeology at Durham University in the U.K., just north of Melsonby. 'Unusually it includes lots of pieces of vehicles and items such as the wine mixing bowl which is decorated in both Mediterranean and Iron Age styles," said Moore in a description of the collection on the Yorkshire Museum website. "Whoever originally owned the material in this hoard was probably a part of a network of elites across Britain, into Europe and even the Roman world." Archaeological find suggests Iron Age Britons had connections in Europe Metal detectorist Peter Heads located the artifacts in December 2021 while exploring a field with the landowner's permission. Durham University's archaeologists excavated the site in 2022. Some of the discovered artifacts are on display at the Yorkshire Museum amid a fundraising campaign to acquire the collection and prevent it from going to a private sale. "By acquiring the hoard we will be able to make it accessible to everyone and, working in partnership with others, we can learn more about this fascinating period, why the hoard was buried, how the objects may have been used and to cast light on to whom it may have belonged," said Andrew Woods, head of collections and research at the Yorkshire Museum in a statement. The museum hopes to raise enough funds to keep the collection, valued at about $327,000. The items date from the first century B.C., about the time of the Roman conquest under Emperor Claudius, Duncan Garrow, professor of archaeology at the University of Reading, said in a description of the find on the Durham University website. At the time, that area was dominated by the Brigantes, a tribe whose name means "hill people". "The presence of materials imported from the Mediterranean, and a type of continental European wagon new to Britain, challenges the idea that Iron Age Britons were isolated," Garrow said. "Instead, it tells us that 'wealthy' Iron Age people in northern England had contacts extending out across Europe." What do the artifacts' condition symbolize? Many of the found artifacts were burnt or broken, which suggests "a symbolic process of people showing how wealthy and powerful they were by being able to destroy the objects," according to the Yorkshire Museum. "They might have been burnt on a funerary pyre before being buried, but no human remains were found." Some objects resemble others found in Britain, while some match artifacts found in Europe, which suggests "long distance connections and shared technology at the time," the museum says. The horse harnesses, part of the collection, had bits of Mediterranean coral embedded and would have been "really bright and brassy with blue glass beads and coral," Adam Parker, curator of archaeology at the Yorkshire Museum, told the BBC. "It just bumps up the power and prestige of these tribal groups in North Yorkshire and it makes them even more glamorous," Parker said. "These are really fancy Iron Age chariots. These are absolute bling – they are garish" and would have served as "a show and display of wealth." Mike Snider is a reporter on USA TODAY's Trending team. You can follow him on Threads, Bluesky, X and email him at mikegsnider & @ & @mikesnider & msnider@ What's everyone talking about? Sign up for our trending newsletter to get the latest news of the day
