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ORSS Project Introduces the World’s Most Ambitious Ocean Restoration Initiative

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With the growing threats of climate change, overfishing, and marine biodiversity loss, the ORSS Project aims to reverse ocean degradation at scale by deploying 10,000+ units worldwide over the next decade to double the world’s coral reef footprint in thirty years.

WESTLAKE VILLAGE, Calif., Feb. 5, 2025 /PRNewswire-PRWeb/ — ORSS Project Inc. Introduces the World’s Most Ambitious Ocean Restoration Initiative

“ORSS Project is a golden key to open the new door to a bright and more sustainable future of humanity and planet Earth,” states Dr. Geetha Plackal.

Innovative Three-System Approach Promises to Combat Climate Change and Revive Marine Ecosystems

ORSS Project Inc., a pioneering force in ocean restoration and climate resilience, has announced the global deployment of its Oceanic Restoration Submersive Systems (ORSS), an advanced marine technology designed to restore coral reefs, protect coastal communities, and support sustainable ocean economies.

With the growing threats of climate change, overfishing, and marine biodiversity loss, the ORSS Project aims to reverse ocean degradation at scale by deploying 10,000+ units worldwide over the next decade to double the world’s coral reef footprint in thirty years.

UN High Stakeholder and ODM Worldwide CEO Ashraf Anwar declares, “The great oceanic restoration era has begun.”

The first deployments will focus on key regions, including Malibu, California, and the Great Barrier Reef, as well as the coastline of India, with expansion planned across hurricane-prone areas in The Gulf of Mexico, Southeast Asia, and the Caribbean.

Over 50 Senior Advisors, including Marine Biologists and Conservation experts, have joined the ORSS Project team.

Revolutionizing Ocean Restoration with AI-Powered Technology

“ORSS Project empowering our oceans, our communities, ourselves. Futureproofing reef resilience towards a sustainable blue economy and climate resilient tomorrow via harnessing AI, coral restoration, fisheries, tourism, and traditional community knowledge,” declares Dr. Jack Dyer, Project Director and Senior Advisor of ORSS Project Fiji.

ORSS units are equipped with AI-driven monitoring stations, which digitally track marine species, migration paths, and ecosystem health without invasive tagging. Each unit also features:

Advanced coral propagation platforms can scale reef restoration by harnessing 25% of annual global coral spawning transferred into secured, climate-controlled ORSS to thrive.Ocean cooling technology that mitigates climate-induced disasters, including coral bleaching and intensifying hurricanes.Underwater vertical-axis turbines provide clean energy while supporting marine habitat growth.AI-powered marine analytics, generating critical data for global research institutions, insurance companies, and conservation groups.

Dr. Geetha Plackal, Marine Scientist and Director of the ORSS India Project, says, “This project may write new chapters in the history of the blue economy based on its positive impacts on socio-economic development worldwide. ORSS can make valuable contributions to aquatic ecosystem conservation and R&D by providing data resources for the future of the field of Marine Sciences.”

In addition to the ORSS, ORCS, and CRRF systems, the ORSS Project will continually recalibrate ORSS systems equipped with eDNA for maximum positive impact. This will restore healthy marine ecosystems, acquire unparalleled insights into marine biodiversity and ecosystem health, and unlock new revenue streams for impact partners, investors, and coastal communities. To date, nothing operates remotely at the scale of ORSS systems equipped with eDNA to assist NGOs, governments, or Universities with monitoring and data collection in coastal waters.

A Sustainable Financial Model for Global Restoration

Unlike traditional conservation efforts, ORSS operates on a financially self-sustaining model, ensuring continued expansion and impact. Key revenue streams include:

1.Regional Licensing & Government Partnerships

ORSS collaborates with governments, marine conservation agencies, and private sector leaders to secure annual licensing agreements. These partnerships help restore damaged ecosystems while fostering local economic growth.

2.ORSS Eco-Tourism & Marine Recreation

With the rise of sustainable tourism, ORSS deployed will produce:

Guided ORSS snorkeling and diving tours showcasing restored coral reefs.Educational tourism packages with hands-on ORSS Restoration Experiences.Luxury eco-tourism offerings, including ORSS yacht expeditions and exclusive marine experiences.

3.Sustainable Fisheries & Oceanic Food Security

ORSS is crucial in replenishing wild fish stocks, benefiting commercial and subsistence fisheries. Through revenue-sharing agreements, ORSS will generate $1M–$10M per sustainable fishery while ensuring long-term food security for coastal communities.

4.Insurance & Climate Resilience Partnerships

Hurricane intensity has increased due to warming ocean waters, costing insurers billions in damages annually. ORSS cooling technology can reduce hurricane severity, translating to:

$50M–$280M in annual savings for insurance companies.Flood risk mitigation, infrastructure protection, and reduced business losses.

5.Carbon Credits & Data Monetization

ORSS generates additional revenue through climate-positive investments, selling carbon credits from ocean cooling efforts, and providing marine biodiversity data to universities and global research institutions.

The ORSS Coral Reef Restoration Facilities (CRRFs): Scaling Global Marine Regeneration To Double The World’s Coral Reef Footprint Within 30 Years

ORSS is establishing 10 state-of-the-art Coral Reef Restoration Facilities (CRRFs) in tropical zones. Each facility will:

Support large-scale coral spawning and transplantation into 10,000+ ORSS units worldwide.Use AI-powered monitoring systems to optimize coral resilience.Train local conservationists and marine biologists, fostering a new generation of ocean restoration specialists.

Strategic Collaborations & Global Impact

ORSS Project is actively engaging with:

Leading marine biologists & climate scientists to refine ocean restoration techniques.Universities & research institutions to collect and analyze real-time marine data.Governments & NGOs to integrate ORSS solutions into national climate resilience plans.Corporate partners & philanthropists seeking high-impact, scalable conservation investments.

A Global Effort for Ocean Restoration

With millions of marine species at risk and coastal economies facing unprecedented climate threats, the ORSS Project invites scientists, policymakers, business leaders, and the public to join this global movement.

Join the Movement

To learn more, invest, or collaborate with the ORSS Project, visit www.ORSSProject.com

For media inquiries, interviews, or further details, please contact:
Sue Johnson, Director of Communications
650 Hampshire Road, STE 116, Westlake Village, CA 91361
Press@ORSSProject.com
https://orssproject.org
(805) 514-2727

View original content to download multimedia:https://www.prweb.com/releases/orss-project-introduces-the-worlds-most-ambitious-ocean-restoration-initiative-302368694.html

SOURCE ORSS Project Inc.

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Finastra simplifies trade finance with AI-powered assistant using Microsoft Azure OpenAI Service

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Assist.AI boosts efficiencies and bridges the knowledge gap in trade finance, enabling banks to focus on strategic projects

LONDON, Feb. 10, 2025 /PRNewswire/ — Finastra today announced the launch of Assist.AI, an AI-powered assistant designed to enhance the trade finance operations within its Trade Innovation solution. The tool, built on architecture powered by Microsoft Azure OpenAI Service, bridges the knowledge gap in the trade finance industry, providing users with instant, accurate, and context-aware assistance.

The trade finance industry faces significant challenges, including a diminishing knowledge base and a widening disparity between seasoned professionals and new entrants. Assist.AI addresses these issues by offering prompt-based assistance, allowing users to interact with the tool by entering specific questions related to trade processes. This ensures that users receive precise answers sourced from relevant resources without the need to sift through extensive documentation.

Assist.AI offers Trade Innovation users the following benefits:

Enhanced user support: Provides instant, accurate, and context-aware assistance, significantly improving the user experience.24/7 availability and efficiency: Ensures users can access support anytime, boosting efficiency by automating routine inquiries and freeing up valuable time for more strategic tasks.Continuous improvement and adaptability: The solution learns and adapts based on interactions, ensuring ongoing relevance and continuous improvement in responses.

“This timely and much needed solution represents a significant leap forward in our commitment to advancing Open Finance and leveraging AI technology to solve real-world challenges in financial services. By providing instant assistance to bank employees, we are empowering our clients to navigate the complexities of trade finance with greater ease and efficiency,” said Andrew Bateman, EVP Lending at Finastra.

Finastra identified a significant talent gap in the trade finance industry through interactions with various clients. As experienced staff retire or transition to other careers, banks need to invest in training new staff on the latest developments in trade finance and the use of Trade Innovation. Assist.AI uses Microsoft Copilot technology to facilitate this training and support, making it a timely and essential addition to the industry.

“We are pleased to work with Finastra to make trade finance simpler and more efficient for banks worldwide. Using the robust capabilities of Microsoft Azure, this solution exemplifies the power of AI in enhancing operational efficiency and user experience,” said Bill Borden, Corporate Vice President of Worldwide Financial Services at Microsoft.  “This collaboration not only showcases our shared vision for the future of financial technology, but also strengthens the long-standing relationship between Microsoft and Finastra. Together, we are committed to driving innovation and empowering businesses to achieve more through cutting-edge technology.”

Assist.AI is a global solution, available to users of Finastra Trade Innovation worldwide. To learn more, visit Finastra’s website.

finastra.com

About Finastra
Finastra is a global provider of financial services software applications across Lending, Payments, Treasury and Capital Markets, and Universal (retail and digital) Banking. Committed to unlocking the potential of people, businesses and communities everywhere, its vision is to accelerate the future of Open Finance through technology and collaboration, and its pioneering approach is why it is trusted by ~8,100 financial institutions, including 45 of the world’s top 50 banks. For more information, visit finastra.com.

Logo: https://mma.prnewswire.com/media/2615478/FINASTRA_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/finastra-simplifies-trade-finance-with-ai-powered-assistant-using-microsoft-azure-openai-service-302371441.html

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RedotPay Partners with StraitsX and Visa to Revolutionise Digital Spending

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RedotPay is excited to announce its collaboration with Visa and StraitsX to launch a groundbreaking card programme in Singapore. This initiative aims to redefine how users interact with their digital assets in everyday transactions by combining RedotPay’s innovative technology with Visa’s extensive global payment network.

SINGAPORE, Feb. 10, 2025 /PRNewswire-PRWeb/ —

Partnership to Facilitate Launch of Crypto Credit Card for Seamless Transactions

Singapore, 10 February 2025 RedotPay, a leading provider of crypto payment solutions, is excited to announce its collaboration with Visa and StraitsX to launch a groundbreaking card programme in Singapore. This initiative aims to redefine how users interact with their digital assets in everyday transactions by combining RedotPay’s innovative technology with Visa’s extensive global payment network. The collaboration is made possible through the essential support of StraitsX as the BIN sponsor for the card programme.

Seamless Transactions

The new card programme will empower users to spend their cryptocurrencies effortlessly across millions of Visa-accepting merchants worldwide. With this innovative solution, users can utilise their cryptocurrencies directly, thanks to RedotPay’s proprietary real-time conversion technology. This feature bridges the gap between digital assets and traditional commerce, making crypto spending as seamless as using a conventional debit or credit card.

Compliance and Security

RedotPay is committed to providing users with a secure and trustworthy platform for their transactions. The partnership emphasises robust security measures to protect user data and funds, fostering confidence in the use of cryptocurrencies for everyday purchases.

Enhancing User Experience

“We are thrilled to partner with Visa and StraitsX to bring this innovative card program to Singapore,” said Michael, CEO of RedotPay. “This collaboration marks a significant step forward in our mission to make crypto payments accessible and user-friendly, promoting the mass adoption of cryptocurrencies in payment systems. Our users will enjoy the flexibility of spending their digital assets just like traditional currency.”

Jason Tay, Head of Commercial at StraitsX said, “We are excited to support RedotPay in launching this innovative card program in Singapore. This partnership is a game changer for everyday retail use cases, enabling users to easily leverage their digital assets for daily transactions. As the BIN sponsor, StraitsX is dedicated to powering this initiative, which will transform how consumers interact with cryptocurrencies in the retail space. By combining our technology with Visa’s vast network, we are making it easier than ever for users to seamlessly integrate digital assets into their everyday spending.”

“Based on a Visa study, close to six in 10 consumers in Singapore are aware of cryptocurrencies. In fact, over 35 per cent of cryptocurrency owners in Singapore use cryptocurrencies for retail purchases.[1] We are happy to support our partners who are helping more cryptocurrency users have a more seamless payment experience and access to digital payments leveraging on their Visa cards for face-to-face or online transactions. Visa is committed towards promoting innovation with our valued partners and this initiative with RedotPay and StraitsX aligns with our vision to become the best way to pay and be paid,” said Adeline Kim, Visa Country Manager for Singapore & Brunei.

Looking Ahead

The RedotPay card program is set to soft launch later this year, featuring a user-friendly interface designed for both convenience and security. Users will have the ability to manage their crypto assets easily, making everyday spending as simple as swiping a card.

About RedotPay

RedotPay is a leading crypto payment company, headquartered in Hong Kong, eligible to operate across various Asian, European and other jurisdictions. Their mission is to enable crypto adoption as a medium of exchange, increase payment efficiency with blockchain, and promote financial inclusion for the unbanked. Through intuitive interfaces and proprietary blockchain technology, RedotPay simplifies crypto transactions while prioritizing enterprise-grade security. The platform enables seamless integration of digital assets into everyday spending, ensuring accessibility and trust for both businesses and individuals.

For media inquiries, please contact: Press@RedotPay.com

About StraitsX

StraitsX is Southeast Asia’s leading digital payment infrastructure provider and a licensed Major Payment Institution regulated by the Monetary Authority of Singapore. Leveraging blockchain technology within a secure, regulated environment, StraitsX empowers businesses and individuals with innovative tools for managing funds, integrating digital assets, and enabling seamless cross-border transactions. Through partnerships with global financial institutions, businesses, and developers, StraitsX is driving the future of digital payments and financial connectivity.

1 Visa Green Shoots Radar: Study conducted across Asia Pacific markets, including 500 Singapore respondents in June 2023.

Media Contact

Jackee T. T. WONG, RedotPay, 1 85221290009, press@redotpay.com, https://www.redotpay.com/

View original content to download multimedia:https://www.prweb.com/releases/redotpay-partners-with-straitsx-and-visa-to-revolutionise-digital-spending-302371220.html

SOURCE RedotPay

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KBC Group renews collaboration with Cognizant to improve IT services and customer experience

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KBC Group and Cognizant celebrate over a decade of collaboration with a renewed agreement until 2027. Cognizant will provide various IT services, focusing on quality and cost-effectiveness.

BRUSSELS, Feb. 10, 2025 /PRNewswire/ — Cognizant (Nasdaq: CTSH) today announced the renewal of its relationship with KBC Group, a leading Belgian universal multi-channel bank-insurer.

This renewal of the agreement will extend until 2027, positioning Cognizant as KBC Group’s partner in supporting its IT and business transformation across the entire spectrum of IT services, including application development & maintenance, data services, infrastructure, and quality engineering.

“We are pleased to renew our agreement with Cognizant, as it supports our goals of creating superior customer experience, supporting innovation, and maintaining operational excellence,” said Isabel Van Mele, Chief Information Officer of KBC Bank & Insurance. “Cognizant’s ability to provide various IT services, focusing on quality, stability, and cost-effectiveness, makes it an important partner for KBC. We look forward to continuing our collaboration to achieve our organizational objectives.”

Cognizant and KBC Group have enjoyed a long-standing relationship for over 11 years, built on mutual trust, respect, and a proven track record. This agreement has been characterized by a collaborative spirit, seeking win-win solutions for both parties. The renewal of the relationship underscores the commitment of both organizations to continue bringing execution focus, innovative solutions and thought leadership to KBC Group. Cognizant’s existing team and service offerings are expected to enhance quality, ensure operational stability, foster innovation, and optimize cost-effectiveness for KBC Group.

“We are honored to extend our partnership with KBC Group,” said Geert Lejon, Country Manager, Belgium & Luxembourg at Cognizant. “Our extensive experience in delivering a wide range of IT services has been crucial in helping KBC achieve its objectives over the past eleven years. Our team is excited to continue this work and further enhance our collaboration.”

About Cognizant

Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we’re improving everyday life. See how at www.cognizant.com or @cognizant.

About KBC Group

KBC is one of the leading financial groups in Europe. It is a multi-channel bank-insurance group with a geographic focus on Europe, catering mainly to retail clients, SMEs and local midcaps. The group occupies significant, and in many cases leading positions in its core markets of Belgium, Czech Republic, Bulgaria, Hungary and Slovakia. The KBC group has also selectively established a presence in a number of other countries and regions around the world.

KBC Group employs around 41000 staff and caters for about 13 million clients in its core markets. KBC Group NV is listed on Euronext Brussels (ticker symbol ‘KBC’).

For more information, contact: GlobalCommunications@cognizant.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/kbc-group-renews-collaboration-with-cognizant-to-improve-it-services-and-customer-experience-302371525.html

SOURCE Cognizant Technology Solutions

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