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Tetrate and Bloomberg collaborate on community-led open standard for AI Gateways built on CNCF’s Envoy Gateway project

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Joint effort will expand capabilities of the Envoy Gateway project, one of the Kubernetes Gateway API implementations.

SAN FRANCISCO, Oct. 3, 2024 /PRNewswire-PRWeb/ — Driven by the surge in applications built to utilize large language models (LLMs), the open source AI gateway space is heating up. In response, engineers from Bloomberg and Tetrate have partnered to develop an innovative, community-led set of core AI gateway features for enterprise AI integration. This effort will expand the capabilities of the CNCF’s Envoy Gateway project, one of the Kubernetes Gateway API implementations.

As an ‘open source first’ company, Bloomberg believes in the power and collaborative nature of the open source community to develop web scale solutions, and that important difference makes this project a valuable alternative to other ongoing efforts.

As the emerging open standard for handling Kubernetes ingress traffic, Envoy Gateway is designed for at-scale operation and is extensible, making it a solid choice to underpin this new set of features, as well as future innovation in the AI API gateway space. Furthermore, Envoy Gateway is a community-led open source project with no commercially licensed features, and where community members drive decisions about upstream feature development.

This sets it apart from both existing vendor-led open source AI gateway offerings and fully proprietary, commercial AI gateway solutions that have sought to address this problem. Both of these approaches can create greater complexity for some enterprises and hamper innovation, which is why the Envoy community is developing an option without vendor lock-in or features that can only be accessed through additional, paid enterprise licenses.

“Historically, when shared problems arise in the software industry, the open source community rallies to solve them, accelerating innovation,” said Varun Talwar, founder of Tetrate. “Our collaboration with Bloomberg and the CNCF aims to achieve precisely that: designing and delivering a community-led, fully open source AI gateway, powered by the leading contender to replace legacy models for Kubernetes ingress. It’s a solution the market is asking for, and we’re excited to be part of the team of maintainers and contributors creating it.”

AI Gateways enable organizations to integrate AI functionality into workflows and applications. They route requests to multiple AI service providers and models through a single reverse proxy layer (often referred to as a gateway). AI Gateways simplify AI integration by providing a single unified API layer with which developers interact, and can provide additional functionality, such as rate limiting, caching and observability.

The initial idea for this project arose when Dan Sun, engineering team lead for Bloomberg’s Cloud Native Compute Services – AI Inference team and co-founder/maintainer of the KServe project, came to the Envoy community and outlined his views of the problem space and a potential path forward for solving it. Tetrate, a major upstream contributor to the Envoy project, stepped forward to express interest in helping Sun and Bloomberg turn their vision for the Envoy AI Gateway API into reality.

“Bloomberg has more than 15 years of experience delivering value to our customers by incorporating artificial intelligence (AI) – in particular, machine learning and natural language processing – in enterprise applications,” said Steven Bower, engineering lead for Bloomberg’s Cloud Native Compute Services group. “When we looked to the community for someone to collaborate with to start building gateway features that accelerate AI integration in our products, we immediately identified the engineering team at Tetrate. Their people are leading contributors to Envoy Gateway, and they bring significant expertise to the project around handling cloud-native, scalable traffic. Beyond that, as an ‘open source first’ company, Bloomberg believes in the power and collaborative nature of the open source community to develop web scale solutions, and that important difference makes this project a valuable alternative to other ongoing efforts.”

Envoy Gateway and KServe can be used together to allow traffic routing to both self-hosted and vendor-hosted LLMs. In this case, the AI gateway sits on the top and routes open source LLM model traffic to self-hosted endpoints using KServe, and vendor-hosted model traffic is routed to AWS Bedrock or other, similar cloud-based services.

The first features to be included in Envoy AI Gateway will provide:

application traffic management to LLM providers with high-availability routing strategies;LLM usage monitoring and control at the application, organization and enterprise levels, to help users manage costs; anda unified interface for LLM requests through which the gateway handles back-end connectivity to various LLM providers.

The open source Envoy Gateway extensions and enhancements will offer usage control for applications that are integrated with multiple LLM providers and models, robust authorization mechanisms, and intelligent fallback options to ensure continued operation even when cloud providers are unavailable or too expensive.

This open source initiative, part of the Cloud Native Computing Foundation (CNCF), is more than just a tool; it’s a strategic response to challenges enterprises face in adopting and integrating AI in their applications at scale. By laying the groundwork for scalable AI platforms, Tetrate and Bloomberg engineers are addressing the immediate needs of today’s enterprises and setting the stage for the future of AI applications within cloud-native environments.

“The Envoy project continues to impress with its flexibility to support new and valuable use cases,” said Chris Aniszczyk, CTO of the CNCF. “Bloomberg and Tetrate have done exactly what our community is designed to do: bring people and organizations together to solve a common problem. That they’re doing it with Envoy Gateway only validates the power and extensibility of the project.”

*Learn More About the Envoy AI Gateway Project*
Join the “Enabling AI Adoption at Scale – The AI Platform with Envoy AI Gateway” webinar, an online panel discussion of Bloomberg and Tetrate engineers hosted by the CNCF on Thursday, October 17, 2024 at 1 PM EDT. Erica Hughberg of Tetrate will be joined by Dan Sun and Yuzhui Liu of Bloomberg and other contributors from Tetrate and the CNCF community for a conversation about the project and ways for others to get involved and contribute.

The session will include discussions about:

Industry trends from traditional AI to generative AIWhat to think about when enabling the use of AI in an enterprise organizationThe role of the AI Platform – what it solves and what it doesn’tWhy build an AI Gateway using Envoy and Envoy Gateway?How do I get started building my organization’s AI Platform?

Register for the online panel here.

In addition, attendees at KubeCon + CloudNativeCon North America 2024 (November 12-15) in Salt Lake City, UT, will have the opportunity to learn more about the project and how to get involved in it. A demo of the Envoy AI Gateway will also be available in the Tetrate booth (Booth Q2).

About Tetrate
Rooted in open source, Tetrate was founded to solve the application networking and security challenges created by modern computing so enterprises can innovate with speed and safety in hybrid and multi-cloud environments. As applications evolve into collections of decentralized microservices, monitoring and managing the network communications and security among those myriad services becomes challenging. This is why some of the largest financial institutions, governments and other enterprises rely on Tetrate to deliver modern application networking and security. Find out more at http://www.tetrate.io.

About Bloomberg
Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration. For more information, visit Bloomberg.com/company or request a demo.

About the CNCF
Cloud native computing empowers organizations to build and run scalable applications with an open source software stack in public, private, and hybrid clouds. The Cloud Native Computing Foundation (CNCF) hosts critical components of the global technology infrastructure, including Kubernetes, Prometheus, and Envoy. CNCF brings together the industry’s top developers, end users, and vendors and runs the world’s largest open source developer conferences. Supported by more than 800 members, including the world’s largest cloud computing and software companies, as well as over 200 innovative startups, CNCF is part of the nonprofit Linux Foundation. For more information, please visit http://www.cncf.io.

The Linux Foundation has registered trademarks and uses trademarks. For a list of trademarks of The Linux Foundation, please see our trademark usage page. Linux is a registered trademark of Linus Torvalds.

Media Contact

Cristin Connelly, Tetrate, 4049316752, cristin@cathey.co, www.tetrate.io 

Chaim Haas, Bloomberg, 212-617-7025, chaas30@bloomberg.net, www.bloomberg.com

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SOURCE Tetrate

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Jack Henry’s Annual Survey of Financial Institutions Highlights Priorities Amid Economic Uncertainty and a New Hybrid Monetary Era

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Banks and credit unions plan to increase technology spending, led by investments in AI, digital banking, and data analytics

MONETT, Mo., April 28, 2026 /PRNewswire/ — Banks and credit unions are prioritizing operational efficiency, deposit growth, and new payment capabilities as they navigate economic uncertainty and increasing technological complexity, according to findings from Jack Henry’s eighth annual Strategy Benchmark.

Jack Henry® (Nasdaq: JKHY) surveyed 193 executives from financial institutions using Jack Henry solutions. The survey highlights the industry’s most pressing strategic priorities, top concerns, and technology investment plans for the next two years.

“Banks and credit unions have finally recognized their biggest competitive threat in Big Fintech and Big Crypto,” says Lee Wetherington, Senior Director of Corporate Strategy and lead author of the benchmark. “As we enter a new hybrid monetary era, the game is changing and charter franchises are under attack. The goal of strategy is no longer simply to win but to ensure you’re competing to win the right game.”

The vast majority of financial institutions plan to increase technology spending, with 88% expecting to raise their tech budgets over the next two years, up from 76% last year. Four in 10 institutions (41%) plan increases of 6% to 10%, compared with 33% a year ago. Artificial intelligence (48%) is the top planned technology investment for the first time, followed by digital banking (38%) and data analytics (32%). While banks remain focused on growing deposits (64%) as their top strategic priority in 2026-2027, credit unions (40%) continue to place outsized emphasis on acquiring younger accountholders (Gen Z/Alpha).

“Financial institutions are in a high-stakes race for Gen Z and small business,” says Jennifer Geis, Senior Strategic Advisor of Corporate Strategy at Jack Henry and Managing Editor of the study. “Given Gen Z now drives most small-business formation—and given small-business deposits are 4-5X larger than retail—understanding and meeting the unique needs of “bizumers” is key to growth, whether you frame it in terms of deposits or demographics.”

Among the highlights from the survey:

PaymentsMore than nine out of 10 CEOs (94%) plan to add new payment services within the next two years, yet only 36% have a formal payments strategy in place.More than four out of five (82%) financial institutions plan to incorporate tap-to-pay as part of their strategy to add younger accountholders.Nearly half (47%) of CEOs plan to embed payments into their digital banking experience over the next two years.Small Business FocusThree out of four CEOs say they plan to expand services for small- and medium-sized businesses (SMBs).The most common planned addition is payment services, including FedNow®, request for payment, and tap-to-pay. 
 Cryptocurrency18% of CEOs plan to support stablecoins, tokenized money, and/or cryptocurrency by the end of 2027. This includes:Tokenized deposits/deposit tokensSupport for on-chain wallets for accountholdersAbility to orchestrate, exchange, and settle dollars to and from stablecoins/crypto.However, only 3% of CEOs report having a formal stablecoin strategy in place.
 Getting YoungerThe second most important strategic priority for credit unions (and fourth overall) is adding younger accountholders. It is also one of the top three concerns for CEOs.More than 40% of credit unions have a formal strategy, compared to just 10% of banks.Fintechs and neobanks are considered the biggest competitive threat in this area.Data analytics and AILeveraging data is the 5th most important strategic priority overall among banks and credit unionsPlans to implement AI grew double digits compared to last year1/3 of FIs plan to embed data collection/analysis tools within digital banking

The study’s results are based on an online survey conducted in January and February 2026 of a diverse sample of Jack Henry clients with assets ranging from less than $500 million to more than $5 billion. Download the eBook to learn more.

About Jack Henry & Associates, Inc.®
Jack Henry® (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are an S&P 500 company that prioritizes openness, collaboration, and user centricity – offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For 50 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. We empower approximately 7,400 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at jackhenry.com.

Statements made in this news release that are not historical facts are “forward-looking statements.” Because forward-looking statements relate to the future, they are subject to inherent risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, those discussed in the Company’s Securities and Exchange Commission filings, including the Company’s most recent reports on Form 10-K and Form 10-Q, particularly under the heading “Risk Factors.” Any forward-looking statement made in this news release speaks only as of the date of the news release, and the Company expressly disclaims any obligation to publicly update or revise any forward-looking statement, whether because of new information, future events or otherwise.

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SOURCE Jack Henry & Associates, Inc.

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CorroHealth Honored As Stevie® Award Winner In 2026 American Business Awards®

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PLANO, Texas, April 28, 2026 /PRNewswire/ — Leading revenue cycle technology company CorroHealth was named the winner of a Silver Stevie® Award in the Health Provider category in The 24th Annual American Business Awards®.

The American Business Awards are the U.S.A.’s premier business awards program. All organizations operating in the U.S.A. are eligible to submit nominations – public and private, for-profit and non-profit, large and small. This year, the program received more than 3,600 nominations from organizations across virtually every industry.

“We are honored to receive this prestigious award and to be recognized alongside many esteemed American business leaders,” said Pat Leonard, CEO of CorroHealth. “This acknowledgement reflects CorroHealth’s ongoing commitment to the healthcare industry, serving as the leading revenue cycle technology company built for the future of healthcare finance.”

CorroHealth earned recognition for its mission and purpose, transforming healthcare operations and driving innovation to deliver better outcomes for hospitals and health systems. The company was selected after a methodical nomination process and careful evaluation of its industry impact and dedication to bridging the gap between patient care and financial performance.

More than 250 professionals worldwide participated in the judging process to select this year’s Stevie Award winners. One judge who evaluated the nomination stated, “CorroHealth’s blend of expert driven services and AI-powered platforms delivers measurable, enterprise scale financial gains that far exceed industry norms.” The judges also recognized the company as a leader in innovation and operational excellence within the healthcare financial technology sector.

To learn more about CorroHealth, visit corrohealth.com.

About CorroHealth 
CorroHealth, the leading healthcare technology and revenue cycle management company that helps providers and payers improve financial performance through automation, data-driven analytics, and clinically led expertise. CorroHealth delivers integrated, scalable solutions that support complex reimbursement and documentation workflows, backed by a global workforce operating in more than 10 locations, including the United States, United Kingdom, India, and the United Arab Emirates. The company was recently named one of the “Top Places to Work in Healthcare in 2026” by Becker’s Healthcare and a Great Place To Work® Certified™ in India for the second time in two years. Further information is available at corrohealth.com.

About the Stevie Awards
Stevie Awards are conferred in nine programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, the Stevie Awards for Sales & Customer Service, and the new Stevie Awards for Technology Excellence. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes, as well as the people behind them, the Stevies recognize outstanding workplace performance worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

Media Contact:
CorroHealth
Mellissa Gardner, Chief Marketing and Strategy Officer
mellissa.gardner@corrohealth.com

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SOURCE CorroHealth

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Singular Genomics Names John Stark as Chief Executive Officer as Company Builds on Spatial Platform Momentum

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SAN DIEGO, April 28, 2026 /PRNewswire/ — Singular Genomics Systems, Inc. today announced the appointment of John Stark as Chief Executive Officer. This leadership transition comes as Singular builds on the launch of its market-leading spatial platform and enters its next phase, focused on expanding adoption, deepening strategic partnerships, and increasing the impact of multimodal spatial data across translational research, drug development, and future clinical applications. Josh Stahl will transition to a new role as Independent Director on the Board.

“With Singular’s G4X platform now successfully on the market, the company is positioned to realize spatial pathology’s potential across translational research and clinical applications,” said Allison Ballmer, Chair of the Board. “Josh strengthened Singular and repositioned the company’s technology, culminating in the successful launch of the G4X platform. John’s leadership experience will now help scale the business and capitalize on the opportunity to drive precision medicine forward.”

John brings more than 25 years of experience commercializing innovative technologies while scaling organizations and raising capital. Most recently, John served as Chief Executive Officer of Resolve Biosciences, a spatial biology platform company, where he drove partnerships and routine use across the translational, drug development, and clinical research markets. Prior to Resolve, John served as Chief Executive Officer of Quantum-Si, a next-generation single-molecule protein sequencing platform company, and Chief Executive Officer of Celsee, a single-cell genomics platform company acquired by Bio-Rad in 2020. Earlier in his career, he held senior leadership positions at Life Technologies, Pacific Biosciences, and Affymetrix.

“Singular has built a competitive spatial platform and a strong foundation in a rapidly evolving market,” said John Stark, CEO. “I’m excited to build on that momentum – deepening partnerships, scaling adoption, and unlocking broader value from spatial data across research, drug development, and precision medicine.”

“We thank Josh Stahl for building an exceptional foundation for Singular, and welcome John Stark, who brings a long history of commercial leadership to the company,” said Andrew ElBardissi, Partner at Deerfield Management. “We remain confident in Singular’s technology, market opportunity, and path to leadership in precision medicine and are committed to supporting the company’s continued growth.”

About Singular Genomics

Singular is a life science technology company focused on delivering high-throughput spatial pathology solutions to advance precision medicine. The company’s G4X™ Spatial Sequencer enables scalable, multiomic analysis directly in tissue, combining performance, throughput, and cost efficiency to support translational research, AI-driven insights, and clinical developments. Singular is headquartered in San Diego, California.

Forward-Looking Statements

Certain statements contained in this press release, other than statements of historical fact, may constitute forward-looking statements within the meaning of the federal securities laws. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially. Singular Genomics undertakes no obligation to update forward-looking statements, except as required by law.

Media Contact
Darius Fugere
dariusf@singulargenomics.com

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SOURCE Singular Genomics

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