The Record - Issue 20: Spring 2021

28 www. t e c h n o l o g y r e c o r d . c om In January 2021, AVEVA hosted its third AVEVAWorld Digital (AWD) conference, themed ‘Accelerate Your Digital Intelligence’. The event explored how leading companies are embracing innovation and applying intelligent software to reshape their industrial operations. It also demonstrated how emerging technologies such as artificial intelligence, cloud, digital twins, visualisation, and data and analytics are supporting advancements in sustainability, and enabling organisations to make significant changes to improve the environment. As part of the event, Darryl Willis, vice president of energy at Microsoft, hosted a session which explained howMicrosoft is working with industry leaders to adapt to the new opportunities and challenges of 2021, and how it is aligning with AVEVA through the cloud. AWD 3 also featured a virtual influencer panel session focused on how digitisation is accelerating sustainability business agendas in the industrial sector. Discussions revolved around how industry 4.0 will empower employees and communities to optimise sustainable processes and shrink carbon footprints. AVEVA hosts third AWD conference BioCatch obtains new patent for authenticating mobile users BioCatch, a global leader in behavioural biometrics, has received a registered US patent for its innovative method of verifying a user ’s identity and detecting fraud, based on the manner in which the user holds and uses their mobile device. BioCatch added 10 new registered US patents in 2020 and another in February 2021, bringing its patent total to 57 since its founding in 2011. This vast patent portfolio demonstrates the company’s ongoing commitment to breakthrough innovation within the cybersecurity field. MAR K E TWATCH NetGuardians’ Payment Fraud Prevention app available on Finastra FusionFabric.cloud NetGuardians’ Payment Fraud Prevention app is now available on Finastra’s FusionFabric.cloud open development platform. The app uses artificial intelligence to proactively detect fraudulent payments in real time and reduce fraud losses. NetGuardians says that, compared with traditional anti-fraud offerings, its software reduces the number of false positives by up to 83 per cent, resulting in bank staff spending approximately 93 per cent less time investigating suspicious payments. When a fraudulent transaction is detected, an alert is generated in real time and routed to the relevant stakeholders through risk dashboards and forensics tools for further investigation.