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XREX Group Ventures into RegTech with Anti-Fraud Wallet Query Tool XRAY

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TAIPEI, June 26, 2024 /PRNewswire/ — XREX Group, a blockchain-enabled financial institution, announced its official entry into the regulatory technology (RegTech) industry by launching XRAY, a blockchain wallet address query tool. The first phase releases include two free versions, the Standard and the Advanced, available via the XRAY LINE chatbot. Several prosecutors and law enforcement professionals in Taiwan have already tested XRAY before the announcement, using it to enhance the efficiency and accuracy of their investigation into fraud, money laundering, organized crime, sanctions, and hacking cases involving cryptocurrencies.

As one of the first law enforcement officers to test XRAY, Chien-Lung Lin, Director of the High-Tech Crime Center at the Criminal Investigation Bureau under Taiwan’s National Police Agency stated, “XRAY can provide wallet information immediately, which is very helpful for initial assessments. If the wallet address belongs to a specific exchange, its name will also be displayed, benefiting the next steps in our investigation. Currently, the maximum query for each batch is 10 wallet addresses, and we look forward to XRAY offering large-scale batch queries in the near future.”

Everyone can register and use XRAY’s free Standard version by adding the XRAY chatbot on LINE after passing verification. By sending one wallet address or a batch of addresses to the chatbot, the chatbot will immediately respond and accurately identify if the particular wallet belongs to any domestic and international exchanges, as well as display the balance and types of crypto assets stored in it. The initial list of recognized Taiwanese exchanges on XRAY includes, but is not limited to: XREX, BitoPro, Maicoin, MAX, ACE, Hoya Bit, Rybit, and BITGIN. Global exchanges include Binance, OKX, Huobi, Bybit, Crypto.com, BingX, Bitfinex, Coinbase, and Kraken. Fill in the application form to request access to the XRAY Standard version.

The Advanced version of XRAY, which involves further criminal intelligence, is currently available only to law enforcement, regulatory agencies, government officials, and compliance officers in banks, electronic payment services, and exchanges. This version provides additional information on the risk level and risk attribution associated with the queried wallet address, such as scams, fraud, money laundering, organized crime, sanctions, and hacking. Fill in the application form to request access to the XRAY Advanced version.

XRAY helps law enforcement precisely retrieve data from exchanges and assists regulatory agencies in studying the behavioral patterns of fraud, money laundering, and illegal cryptocurrency activities across various exchanges. It also aids compliance officers in banks and exchanges assess the risk levels of specific cryptocurrency transactions.

“XRAY focuses on identifying Asia’s crime patterns, particularly fraud and money laundering, which are less emphasized in blockchain intelligence tools from Europe and the US. XRAY will fill this gap,” said Wayne Huang, XREX’s Co-founder and Group CEO.

Since its establishment in 2018, XREX Group has successively launched the XREX crypto-fiat exchange, stablecoin payment platform XREX Pay, and the white-label exchange service. XRAY is the group’s fourth product line. Last month, XREX hinted at its commitment to RegTech innovation by announcing an investment from Tether, the world’s largest stablecoin issuer. The LINE chatbot is the first phase of XRAY’s release, with a web version and API integration planned for the second phase.

“XRAY leverages blockchain’s open and immutable nature to establish a regulatory technology infrastructure, which enables the reporting, alerting, and monitoring of illegal activities. This is our obligatory social responsibility. We invite like-minded members of the blockchain space from Taiwan and beyond, to be a part of our XRAY Community, and join us in our fight against global fraud,” said Sun Huang, XREX Chief Security Officer and General Manager.

XREX plans to collaborate with the Taiwan FinTech Association to integrate XRAY’s anti-fraud and anti-money laundering technology into the association’s Financial Crime Prevention Task Force. This initiative aims to establish a suitable real-time monitoring and joint defense mechanism for digital asset platforms, financial institutions, law enforcement, and regulatory agencies across Taiwan and Asia.

“Only by effectively eliminating the dark side of the cryptocurrency industry can we confidently embrace the bright side of blockchain technologies,” said Jaclyn Tsai, the Honorary Chairwoman of the Taiwan FinTech Association and Chief Advisor of the Taiwan Virtual Asset Service Provider (VASP) Association. “Preventing, intercepting, stopping, and punishing fraud and scams requires public-private collaboration across sectors. The launch of XRAY by XREX is an exemplary model of this approach.”

About XREX Group
XREX Group is a blockchain-enabled financial institution working with banks, regulators, and users to redefine banking together. We provide services to businesses in or dealing with emerging markets, and novice-friendly financial services to individuals worldwide.

Founded in 2018, XREX offers a full suite of services such as digital asset custody, wallet, cross-border payment, fiat-crypto conversion, cryptocurrency exchange, asset management, and fiat currency on-off ramps.

Sharing the social responsibility of financial inclusion, XREX leverages blockchain technologies to further financial participation, access, and education.

XREX Singapore operates under the Major Payments Institution (MPI) license issued by the Monetary Authority of Singapore (MAS). XREX Taiwan completed its Compliance Statements on Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) with Taiwan’s Financial Supervisory Commission (FSC) in March 2022 and is a regulated VASP.

CONTACT: Yoyo Chih Wei Yu, yoyoyu@xrex.io

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SOURCE XREX Inc.

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China’s Long March: The Journey Goes On

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MACAO, Oct. 21, 2026 /PRNewswire/ — This is a report from Xinhua News Agency:

There is a chapter of history every Chinese child learns in school.

There is a poem that generations of Chinese people have learned by heart.

There is a song millions can sing from its very first notes.

In stories, in verses, in melodies, they all point to the same chapter of history: the Long March.

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SOURCE Xinhua News Agency

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Target Makes it Easier for Guests to Discover Stylish Holiday Gifts They Can’t Wait to Give

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Target is offering more than 8,000 new gifts, with more than half exclusive to the retailerMost new holiday items at Target are $20 or less, including thousands $5 and underNew AI-powered shopping experiences, daily deals and early Black Friday savings simplify gifting

MINNEAPOLIS, Oct 21, 2026 /PRNewswire/ — Target Corporation (NYSE: TGT) is putting gifting at the heart of the holidays, bringing guests more than 8,000 new stylish gifts they can’t wait to give. More than half of the new assortment is available only at Target, with thousands of gifts priced at $5 and under. New AI-powered shopping experiences, fresh ways to discover gifts and deals throughout the season will make it easier for guests to find something special for everyone on the list.

“This holiday season, guests will see and feel the changes we’ve been making across Target, bringing together the style, design and value they expect from us with an experience that makes shopping easier and more inspiring,” said Michael Fiddelke, chief executive officer, Target. “We know guests turn to Target for gifting, gathering and everything in between, and our team is ready to help busy families discover more joy in those moments throughout the season.”

Stylish gifts at an incredible value
As consumers continue to look for affordable ways to give gifts that feel special, Target is leaning into one of the season’s biggest trends: luxe-for-less gifting. This year’s assortment includes 100% cashmere (excluding functional trim) starting at $25, pajamas for all from $10, festive decor from $5, faux fur throws at $30, top toys from LEGO, Barbie and Nintendo, new and exclusive gifts from prestige, emerging and global beauty brands at Target Beauty Studio, nostalgic sweet treats and host gifts from Favorite Day and exclusive finds for sports and wellness fans, making it easy for guests to find gifts that feel elevated at every price point.

“Guests tell us they want to give gifts that are thoughtful and personal, while feeling good about what they’re spending,” said Cara Sylvester, executive vice president and chief merchandising officer, Target. “That’s why we’ve brought together the brands they love, exciting trends and unexpected finds they won’t see anywhere else — all at prices that make it easier to get that ‘I can’t wait to give this’ gift.”

More ways to discover the perfect gift
New this season, Ask Target, an AI-powered shopping assistant available in beta on Target.com and the Target app, helps guests find inspiration, narrow their choices and shop with confidence and ease. Additional AI-powered features and a digital holiday kids catalog offer more ways to discover gifts for everyone on the list.

Target’s new Academy of Giftology holiday marketing campaign, launching in November, will tackle familiar gifting dilemmas with playful inspiration to help guests gift it their all and find gifts they’ll be excited to give.

More ways to save, from the first gift to the last
Beginning Nov. 1, guests can shop a new Deal of the Day every day through Dec. 24, with a first-ever one-day preview of upcoming offers to help them plan ahead. Early Black Friday deals run Nov. 5–7, followed by new limited-time offers every weekend throughout the holiday season.

The joy of gift giving
Through Target’s partnership with St. Jude Children’s Research Hospital, guests can give a gift that helps give back with the Gigglescape St. Jude bear, with a donation tied to each purchase while supplies last.

About Target
Target Corporation (NYSE: TGT) brings together style, design and value to offer a distinct assortment and elevated shopping experience across more than 2,000 U.S. stores and online. Powered by more than 400,000 team members, Target serves millions of families each week and invests in the communities where they live and work to support growth and opportunity for all.

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SOURCE Target Corporation

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illumend CEO: Building a COI Tracker with AI Is Easy. Verifying Insurance Compliance Is Not.

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Kristen Nunery warns that homegrown Certificate of Insurance tracking tools can create a false sense of security when businesses mistake collecting insurance documents for verifying coverage and compliance

INDIANAPOLIS, Oct. 21, 2026 /PRNewswire/ — As general-purpose artificial intelligence (AI) makes it easier for businesses to build their own software, Kristen Nunery, founder and CEO of illumend, is warning construction and property management companies against a costly misconception: that building a Certificate of Insurance (COI) tracking system is the same as verifying that contractors and other third parties have the insurance coverage their contracts require.

In her new article, “You Can Build a COI Tracker with AI. That Doesn’t Mean You Should,” Nunery explains that general-purpose AI tools such as ChatGPT can help businesses create applications that collect certificates, track expiration dates, and automate reminders. But those capabilities address only part of the insurance compliance process. Determining whether coverage satisfies contractual requirements involves interpreting insurance documents, reviewing endorsements, identifying exclusions and resolving discrepancies that basic tracking software may overlook.

“AI has democratized the ability to build software. It hasn’t democratized the expertise to make the right insurance decision,” said Nunery, who has spent 16 years in insurance compliance. “If you don’t have a compliance process today, you’re not automating a process. You’re automating your best guess.”

Why a COI Tracker Is Not an Insurance Compliance Verification System

According to Nunery, the critical distinction is between tracking the existence and expiration of insurance documents and verifying whether the underlying coverage meets contractual obligations.

A homegrown COI tracker may confirm that a certificate is current, record policy limits, and flag missing documents. But a current certificate does not necessarily mean a contractor is adequately insured or compliant with an agreement’s terms.

For example, a subcontractor may submit a certificate showing sufficient general liability limits and additional insured status. Yet the underlying endorsement may be a CG 20 10 covering ongoing operations only, while the contract also requires completed-operations coverage under a CG 20 37 or equivalent endorsement. A basic tracker could mark the subcontractor as compliant despite the missing coverage.

“The tracker didn’t misread anything,” Nunery said. “It never had the contract requirement, the endorsement language, or the connection between the two.”

Other potential gaps include incorrectly named insured entities, missing endorsements, inadequate completed-operations coverage, and policy provisions that fail to satisfy contractual insurance requirements. Identifying these issues requires evaluating insurance evidence in context, not simply extracting data from a certificate.

Why Insurance Compliance Verification Requires Specialized Technology

Nunery argues that businesses seeking to move beyond basic COI tracking need technology designed specifically for insurance compliance verification, with insurance expertise embedded in how the system evaluates coverage.

Unlike homegrown tracking tools, specialized compliance platforms such as illumend compare insurance documents against established contractual requirements, examine supporting endorsements, identify coverage gaps, and explain findings that require attention.

This approach powers Lumie, illumend’s specialized AI-powered insurance compliance expert. Lumie reviews certificates and endorsements against established requirements, flags potential deficiencies and provides supporting evidence for its determinations, while allowing compliance professionals to review and resolve exceptions.

“AI should do more than flag a problem. It should show you what it found, which requirement it evaluated, and the evidence behind its assessment,” Nunery said. “Lumie applies insurance expertise at scale and creates a clear record of its findings, so teams can act on routine determinations efficiently and focus their attention on exceptions that need a closer look.”

Nunery’s perspective draws on her experience building myCOI, whose technology has reviewed more than 45 million insurance documents and identified more than 2 million coverage gaps before they became claims, according to company figures.

Build a COI Tracker or Buy a Compliance Platform? The Questions Businesses Should Ask

For organizations considering building their own COI software, Nunery recommends first determining whether they need a document-tracking application or a comprehensive insurance compliance verification system.

Basic tracking needs may be addressed with spreadsheets, conventional software, or applications built with general-purpose AI. But verifying compliance requires substantially more: translating contractual insurance requirements into rules, reviewing endorsements and policy evidence, identifying exceptions, documenting decisions, and maintaining an auditable compliance process.

Businesses must also consider who will keep insurance requirements current, validate the system’s determinations, investigate discrepancies, and maintain the records needed to support compliance decisions during claims or audits.

“Building the software happens once,” Nunery said. “Running a compliance system means keeping requirements, evidence, follow-ups, decisions and the audit trail current, every day it’s in use.”

To read Nunery’s full article, visit https://www.illumend.ai/evaluation-buying/build-vs-buy-coi-tracking-software-ai

About illumend
Founded in 2025, illumend™ is the AI-powered platform redefining how businesses manage third-party insurance compliance and risk. Backed by myCOI, the leader in third-party insurance compliance management with more than 16 years of expertise, illumend reimagines compliance by guiding every step of the process—from document review and expiration tracking to risk flagging, communication, and resolution—within one intuitive system. Built on myCOI’s institutional foundation—having processed more than 45 million documents, managed over 1.2 million agreements, cleared more than 750,000 third-party partners, and identified more than two million coverage gaps before claims—illumend brings this depth of compliance intelligence into an AI-native platform. At its core is Lumie, illumend’s conversational AI guide that reads complex insurance documents, flags issues in real time, and explains them in language anyone can act on. To learn more, visit https://www.illumend.ai.

Media contact:
Michael Tebo
Gabriel Marketing Group (for illumend)
Phone: 571-835-8775
Email: michaelt@gabrielmarketing.com

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SOURCE illumend

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