Erik Helgesen, Co-Founder & President of PayMore

Erik Helgesen is the Co-Founder & President of PayMore Stores, a retail chain specializing in the buying, selling, and trading of electronics and tech devices. With a robust background in the tech industry, Erik has successfully driven PayMore's growth and expansion, making it a recognized name in the electronics resale market. His leadership and vision have been instrumental in establishing a business model that emphasizes sustainability and customer trust. Erik's entrepreneurial journey is marked by his commitment to innovation and excellence in the tech resale sector.

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The IoT data perception based on blockchain technology can enhance data security and privacy protection. Its use of blockchain’s encryption technology and decentralized characteristics ensures the integrity and non-tampering of IoT data during transmission and storage, improves the efficiency and transparency of data transactions, and effectively defends against external attacks and internal fraud. All transaction records are open, transparent and traceable, which improves the trust of the IoT ecosystem and facilitates multi-party collaboration. The automatic execution of data-sharing agreements through smart contracts guarantees the security and compliance of data circulation, promotes cross-subject data sharing and collaboration, and solves the problem of data silos. The IoT data perception system based on blockchain technology contains multiple core technology modules, which work in concert to build a highly secure, transparent, and efficient IoT data perception and management system that supports cross-industry and cross-device data sharing and collaboration.

Data perception collection: Responsible for collecting various types of data from IoT devices, such as environmental parameters, device status, location information, etc. This may involve a variety of data collection devices such as sensor networks, RFID tags, cameras, etc.

Blockchain node: As the core component of the system, the blockchain is used to store and validate the data collected from the sensing units. Each block of data is encrypted and linked to the previous block to form a tamper-proof chain that ensures the integrity and authenticity of the data.

Smart contracts: Automatically executable code deployed on the blockchain to define rules for data transactions, permission controls, and automatic responses when specific events are triggered, such as data-sharing agreements, payments, etc.

Identity and access management: Managing the authentication of IoT devices and users to ensure that only authorized entities can access the system and interact with data, enhancing system security.

Locating and GPS positioning: For applications that require geographic location information, such as smart city and logistics tracking, this module is responsible for accurately locating IoT devices and can assist in location-related data analysis and decision-making.

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Model Copilot boasts an ever-growing suite of features aimed at tackling the complexities of model documentation and governance. By harnessing the power of advanced generative AI, Model Copilot assists actuaries in the understanding, documenting, and maintaining of models with an unprecedented level of clarity, accuracy, and efficiency. By automating the most time-consuming aspects of model documentation and governance, Model Copilot enables actuaries to focus on strategic decision-making and analytical tasks, significantly enhancing productivity and the quality of outputs.

“Model Copilot represents a significant leap forward in the integration of generative AI within the actuarial field,” said Klaas Stijnen, co-Founder and co-CEO of Montoux. “We are committed to providing innovative solutions that empower actuaries, and Model Copilot is a testament to this commitment. By automating and enhancing model documentation, we’re not only improving the efficiency and accuracy of actuarial work but also setting a new standard for the industry. Model Copilot’s feature set will expand greatly over time to solve additional challenges that actuaries face in their day to day work.”

Key Benefits of Model Copilot:

• Best-in-Class Documentation: Model Copilot generates comprehensive, clear, and concise documentation that meets and exceeds industry standards. This ensures that models are fully understandable and transparent, facilitating easier review, validation, and regulatory compliance.
• Time Efficiency: By automating large components of the documentation process, Model Copilot drastically reduces the time actuaries need to spend on manual documentation. This frees up valuable time for actuaries to concentrate on more complex and impactful work.
• Consistency and Accuracy: Model Copilot enables consistent documentation across all models in an estate, minimizing the risk of human error and enhancing the reliability of actuarial work.
• Ease of Implementation: Model Copilot requires no actuarial system migration of models. Insurers just upload model information and documentation standards and can immediately realize the value of the application.
• Secure, Transparent and Auditable AI: Model Copilot can be deployed via Montoux’s secure cloud environment or within the insurer’s. Insurers can also choose their preferred LLM and configure the application to meet their internal data security and privacy requirements.

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This patent pending capability from Bluefin will detokenize data in real-time and forward it to any processor for authorization. To address the needs of retailers, this solution was also enhanced to process PCI/P2PE protected EMV payments. Enterprise/Tier-1 retailers now have a processor independent solution for tokenization and P2PE protected EMV payments that can be delivered to their processor of choice.

This update enhances ShieldConex’s existing tokenization and data anonymization service by adding secure proxy capabilities to any endpoint for card-present and card-not-present processing. Additionally, proxy services for PII and PHI data are also supported by this new service. These new updates deliver the framework so merchants, and their partners, are not required to have PCI, PII, or PHI data on their networks or systems.

“Tier 1 merchants often have multi-processor strategies to achieve payment flexibility, redundancy, and independence,” said Tim Barnett, Bluefin’s Chief Information Officer. “Avoiding processor lock-in is now a requirement for most large organizations. By combining universal tokenization with our existing ShieldConex^® and Decryptx^® solutions, Bluefin is uniquely positioned to solve the complex payment and data security needs of tier 1 merchants.”

Solution features include:

• Realtime tokenization and detokenization of data to processor endpoint
• Realtime P2PE decryption of PCI cardholder data to processor endpoint
• Generation of format preserving tokens from EMV/P2PE transactions
• Token sharing with partners and affiliates
• Ability for merchants to switch between processors without re-keying terminals

ShieldConex is part of Bluefin’s payment and data security suite of solutions that protects payment, PII and PHI data throughout the entire customer journey.

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Through this collaboration, Bluefin will integrate directly with Visa to provide network tokens across card brands. Bluefin will provide the network tokenization option through ShieldConex, a vaultless tokenization service that provides data security by protecting payment and ACH account data, Personally Identifiable Information (PII), and Protected Health Information (PHI) entered via an iFrame or API. In addition, Bluefin’s payment gateway, PayConex, will have the ability to process network tokens.

“The acceleration of digital commerce and card-not-present (CNP) transactions has underscored requirements for secure payment processing and data input,” said Tim Barnett, Chief Information Officer at Bluefin. “We are excited to provide our partners and merchants with greater flexibility around how they tokenize cardholder data through the addition of this network tokenization option.”

According to LexisNexis Risk Solutions’ 2022 True Cost of Fraud Study: Retail and Ecommerce, the cost of every $1 lost to fraud for U.S. merchants increased 19.8% since 2019, rising from $3.13 to $3.75. Expected benefits of network tokenization include an improved payment and checkout experience, an increase in authorization rates and, according to Visa, a 28% average reduction in fraud.

“Tokenization is an imperative aspect of a safe and secure digital economy,” said Ansar Ansari, global head of platform products at Visa, Inc. “Bluefin’s collaboration with Visa helps not only secure payments, but also improves customer experience.”

Network tokenization differs from traditional payment card tokenization, where tokens for credit and debit card data are issued by a merchant’s acquirer or payment processor. Instead, the card brands issue a token and unique transaction cryptogram, which makes network tokens interoperable across acquirers, payment processors, and payment gateways.

Bluefin is performing all necessary technology enhancements to implement network tokenization on ShieldConex and PayConex with Visa technology, and the service will be available to Bluefin’s partners and merchants. Learn more about network tokenization here.

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Mr. Balinov joins Barclays with over fifteen years of experience in banking, most recently as Head of FinTech Americas within the Financial Institutions Group at Bank of America Merrill Lynch. In this role he was responsible for financial technology investment banking coverage across the payments, financial software and data sectors. Mr. Balinov has been involved in the origination, structuring and execution of M&A deals and capital raises for clients across all financial technology sectors. He has led multiple advisory and capital raise transactions for clients including Visa, Blackhawk Network, bill.com, nCino, Evertec, Euronet, Verisk, Nasdaq, and IHS Markit FinTech News.

“Georgi has an outstanding track record of performance, and deep relationships with key players across the technology payments space, a critical area of investment for our Technology franchise,” said Laurence Braham, Global Head of Technology Banking at Barclays. “His extensive transaction experience and proven leadership capabilities will further enhance our capacity to provide first-class strategic advice and execution services, and will in turn generate considerable value for our clients.”

“Georgi’s appointment is further evidence of Barclays’ steadfast commitment to operating a top tier TMT franchise,” added Marco Valla, Global Head of TMT Banking at Barclays. “His addition to the team will enable us to further build upon our existing critical relationships across the technology payments spectrum, and will accelerate the already strong momentum in our TMT Banking Group.”

Barclays is a British universal bank. We are diversified by business, by different types of customer and client, and geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group. For further information about Barclays, please visit our website www.barclays.com. Barclays offers investment banking products and services in the US through Barclays Capital Inc.

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NICE’s Robotic Automation Community Edition allows IT or citizen developers to grow their careers by expanding their automation development skills. This is particularly advantageous in today’s new work from home reality since RPA capabilities are likely to be essential to enterprises’ expedited adaptation to remote business operations. By freeing employees from doing routine, repetitive work, RPA gives remote staff more capacity to focus on high-value areas such as handling increasingly sophisticated customer requests.

Through the Community Edition, RPA professionals can access a world of content, tutorials and best-practices in building automations, as well as get officially certified on NICE’s leading design environment – Automation Studio. Members of NICE’s fast-growing global Robotic Automation User Community enrolled in the company’s Automation Developer Certification program will automatically be able to access the NICE Robotic Automation Community Edition.

“We are excited to see more and more developers turn to automation as their next career move”, said Barry Cooper, NICE Enterprise Group President. “This is apparent in our growing RPA developer community, as well as the many new automation-related roles we see springing in the market. By bringing this free automation trial version, we are striving to make automation more accessible to today’s work-from-home developers, who play a role in creating solutions for supporting their business and service operations.”

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