Read More

Credefi Scores Major Milestone in Partnership with TradFi Mogul Experian

New York, NY, January 01, 2023 – (SEAPRWire) – On a path to solve critical inefficiencies in the field of traditional financial lending and borrowing, Credefi has achieved a major milestone in its partnership with the TradFi behemoth Experian. Credefi has managed to secure the rights to use Experian’s officially recognized and reputable brand materials to now position itself as “Credefi – Powered by Experian.” In doing so, the team has become the first in the blockchain industry to secure a partnership of this proportion. Experian is one of the two largest credit bureaus in the world. The company collects and researches credit information of individuals and also rates their ability to repay debt. It’s a publicly-traded company with thousands of employees and offices around the world, harboring a total market capitalization upwards of $27 billion. The above hints at the massive importance of this partnership and the trust and transparency it invokes in Credefi. The collaboration is aimed at further expanding Credefi’s reach and access to institutional-grade clients and formalizes both companies’ bilateral cooperation. It also highlights the highest of standards that the team sets ou...

Read More

SingSing, Sing-to-Earn Project with AI Scoring Technology Soon to Become a Musical SocialFi Platform

Ho Chi Minh City, Vietnam, June 1, 2022 - (ACN Newswire via SEAPRWire.com) - SING SING PTE. LTD. (SingSing) officially announced the successful integration of Artificially Intelligent Scoring Technology into the SingSing App, allowing automatic scoring of the singer's performance. SingSing's AI Scoring Technology is based on three criteria: First, evaluation is based on voice-related factors, including the right music, the voice quality and whether it reflects the chosen favorite singer well. Second, when performing with the camera on, AI Scoring Technology evaluates the singer's appearance based on the standard facial proportions. Finally, during the singing process, singers' facial expressions are also evaluated in comparison to the song. This is a breakthrough in community connection because this one-of-a-kind AI Scoring Technology is not only capable of interacting with, but also helping to connect millions of people who love to sing together at the same time.Sing-to-Earn towards a SocialFi platform in the music industry.In addition to its technological prowess, SingSing has connected with more than 30 famous Asian singers, with more than 40 million fans across Asia. Furthermor...

Read More

First batch under new PSLE scoring system does as well as previous cohorts; more also qualify for Express course

SINGAPORE - After nearly 50 years, the Primary School Leaving Examination (PSLE) T-score, or transformed score, came to an end with more pupils making the cut for the Express course under a new scoring system. The class of 2021 also saw 98.4 per cent of pupils doing well enough to progress to secondary school. It matches the figures recorded from 2016, and remains the best performance since the national exam was introduced in 1960. Of the pupils in the inaugural batch, 68.4 per cent qualified for the Express course, the Ministry of Education (MOE) said on Wednesday (Nov 24). This is slightly higher than the 66.3 per cent who made the grade last year. Another 18.9 per cent of this year's cohort are eligible for the Normal (Academic) level, down from 21.2 per cent last year. And 11.1 per cent are eligible for the Normal (Technical) course, similar to last year's 11 per cent. A total of 39,119 Primary 6 pupils sat the PSLE this year. Mr Wong Siew Hoong, MOE's director-general of education, said: "The outcomes under the Achievement Levels (AL) scoring system have remained very stable. "So we hope that students and parents will feel assured about the PSLE and the new AL scoring system. ...

Read More

Verofax is the Winner of Bahrain Islamic Bank’s ‘BisB Innovation Challenge’

BAHRAIN, Jan 25, 2021 - (ACN Newswire) - Bahrain Islamic Bank (BisB), a leading Bank in the Arab Gulf region, has announced Verofax as winner of the 'BisB Innovation Challenge', a Fintech Competition run as part of the Bank's partnership with 'FinHub 973: CBB (Central Bank of Bahrain) Digital Lab', the Kingdom's open application programming interface (API) innovation platform. Verofax, a mature and enterprise-ready service provider, was selected after rigorous screening to ensure a solution with the requisite level of feasibility and security to maintain the confidentiality and security of customers' financial data.Verofax, founded by Wassim Merheby, and technology partner Turnkey Lender proposed a unique approach in emerging as the Fintech with potential to build the most promising Proof of Concept (PoC) for the sought solution. Verofax offered a PoC for a Credit Scoring solution, incorporating alternative and unstructured datasets, to improve the Banks speed and breadth of its financial services to existing and new clients. The Credit Scoring solution will constitute a platform that uses adaptive machine learning and sophisticated AI (Artificial Intelligence) to empower the Bank'...

Read More

Verofax Winner of Bahrain Islamic Bank’s ‘BisB Innovation Challenge’

BAHRAIN, Jan 25, 2021 - (ACN Newswire) - Bahrain Islamic Bank (BisB), a leading Bank in the Arab Gulf region, has announced Verofax as winner of the 'BisB Innovation Challenge', a Fintech Competition run as part of the Bank's partnership with 'FinHub 973: CBB (Central Bank of Bahrain) Digital Lab', the Kingdom's open application programming interface (API) innovation platform. Verofax, a mature and enterprise-ready service provider, was selected after rigorous screening to ensure a solution with the requisite level of feasibility and security to maintain the confidentiality and security of customers' financial data.Verofax, founded by Wassim Merheby, and technology partner Turnkey Lender proposed a unique approach in emerging as the Fintech with potential to build the most promising Proof of Concept (PoC) for the sought solution. Verofax offered a PoC for a credit scoring solution, incorporating alternative and unstructured datasets, to improve the Banks speed and breadth of its financial services to existing and new clients. The credit scoring solution will constitute a platform that uses adaptive machine learning and sophisticated AI (Artificial Intelligence) to empower the Bank'...