U.S. Treasury says nine trade partners deserve scrutiny over currency practices

Reuters | May 29, 2019

The Trump administration said on Tuesday that no major trading partner met its currency manipulation criteria but nine countries, including China, required close attention as Washington presses tariffs and negotiations to address trade deficits. The Treasury Department, in a semi-annual report to Congress, said it reviewed the policies of an expanded set of 21 major U.S. trading partners and found that nine required close attention due to currency practices. Ireland, Italy, Malaysia, Singapore and Vietnam were new additions to the watch list, which also includes China, Germany, Japan and South Korea. India and Switzerland were removed from the list of countries under extra scrutiny.

Spotlight

U.S. tax reform, at both the federal and state levels, coupled with major international tax shifts has increased the complexity of today’s tax and accounting processes. At the same time, tax professionals will soon face a world where technology can handle much of the heavy lifting, leaving them with the opportunity to fill a more strategic role.

Spotlight

U.S. tax reform, at both the federal and state levels, coupled with major international tax shifts has increased the complexity of today’s tax and accounting processes. At the same time, tax professionals will soon face a world where technology can handle much of the heavy lifting, leaving them with the opportunity to fill a more strategic role.

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Trust Stamp Unveils Privtech™ - a New Government-Focused Privacy-First Identity Technology

Trust Stamp | September 29, 2022

T Stamp Inc. (“Trust Stamp” or the “Company”) (Nasdaq: IDAI, Euronext Growth: AIID ID), a global provider of AI-powered trust and identity services used globally across multiple sectors, today unveiled its new government-focused, privacy-first identity technology, Privtech™, and reports it has received registered trademark status for the Privtech solution by the US Patent and Trademark Office. The technology provides four customizable levels of privacy protection using the Company’s existing Privtech Certified® structure and offers government agencies the ability to verify identity and protect against fraud, while minimizing the data collected and providing transparency as to its use. “Privtech technology utilizes our patented irreversibly transformed identity token (IT2™), which allows users to be identified on a probabilistic basis without disclosing underlying biometric or other identity data. Within the Privtech Certified® structure there are four levels of privacy protection, of which Privtech Level Four is the most stringent with the entire enrollment and authentication processes taking place on the user’s own device, and only a randomized and encrypted one-time identifier ever leaving the device, Government agencies need to balance safe and efficient interaction with digital users against minimizing intrusion into the user’s privacy. Unlike the typical biometric systems in use today, Privtech Level Four does not require data intermediation by a private sector vendor and does not require the user to provide the agency with their biometric data. We have designed these solutions to meet the specific demands of government customers, which represent a very substantial and growing market opportunity. Ultimately, we believe that Privtech Certified products will define a new privacy-first approach to interacting with government agencies.” -Gareth Genner, Chief Executive Officer of Trust Stamp. Dr. Norman Poh, Chief Science Officer of Trust Stamp, stated, An IT2 can be created from virtually any modality of biometric together with most other types of identity data. In addition to the obvious benefit of privacy protection, the IT2 has numerous advantages when compared to legacy biometric templates, including computational efficiency, interoperability and cancelability. The Company’s announcement is in the wake of substantial increases in technology-focused investments by government agencies including $80 billion in new funding for the Internal Revenue Service with a stated emphasis on improving taxpayer services and modernizing the agency’s technology and other infrastructure. About Trust Stamp: Trust Stamp, is a global provider of AI-powered identity services for use in multiple sectors including banking and finance, regulatory compliance, government, real estate, communications, and humanitarian services. Its technology empowers organizations with advanced biometric identity solutions that reduce fraud, protect personal data privacy, increase operational efficiency, and reach a broader base of users worldwide through its unique data transformation and comparison capabilities.

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CYBERSECURITY

WalkMe Joins UK Government's G-Cloud Digital Marketplace

WalkMe | November 09, 2022

WalkMe Ltd. (NASDAQ: WKME), a leading provider of digital adoption solutions, today announced its approval to join the G-Cloud Digital Marketplace by the Crown Commercial Service of the UK government. WalkMe is now a part of the G-Cloud 13 initiative, a centralized hub for the streamlined procurement of cloud-related IT services and technologies by public sector organizations such as central and local governments, non-profit organizations, education, defense, and emergency and health services. The G-Cloud Marketplace reduces the complex requirements to purchase IT by centralizing the vendor qualification process. There is an urgent need to deliver more and better services quicker with tighter budgets in the National Healthcare Service (NHS) and across the British government. WalkMe's digital adoption platform (DAP) provides customised on screen guidance and automation to realise the promise of digital technology while improving the employee and end user experience as well as overall programme efficiency. WalkMe's DAP not only increases the adoption of digital technologies, but also levels the playing field for citizens with varying degrees of digital dexterity making for more equitable access to government services. The platform can identify usage inefficiencies so that solutions can be deployed to improve adoption and overall user experience while providing unprecedented data insights to continuously improve. Improving the adoption of digital technologies in the public sector will make services more accessible, reduce pressure on contact centers as end users opt for on screen help and automation, and lower staff attrition as employees can use their digital tools more easily and efficiently. "We are honored to join the G-Cloud Digital Marketplace and do our part to strengthen government-citizen relationships through enhanced user experience and accessibility, We look forward to playing a role in the improvement of the digital citizen experience across the UK and to discover the innovative ways public sector organizations will use WalkMe technology to drive efficiency, save money, and elevate the experience for end users across the board." -Simon Blunn, Senior Vice President & General Manager EMEA, WalkMe. About WalkMe: WalkMe's cloud-based digital adoption platform enables organizations to measure, drive and act to ultimately accelerate their digital transformations and better realize the value of their software investments. Our code-free platform leverages our proprietary technology to provide visibility to an organization's Chief Information Officer and business leaders, while improving user experience, productivity and efficiency for employees and customers. Alongside walkthroughs and third-party integration capabilities, our platform can be customized to fit an organization's needs.

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Resecurity Broadens Alliance with Cloud Seguro in Colombia

Resecurity | September 12, 2022

Resecurity, Inc., a U.S. cybersecurity and intelligence company, announced its deepened partnership with Cloud Seguro to expand Resecurity's AI-driven cybersecurity solutions and services to Colombia. Based in Bogotá, Cloud Seguro is a leading Colombian Information Security, Ethical Hacking and Cloud Security company. As Colombia's digital economy expands, cyber threats are increasingly prominent; the first half of 2020 saw a 59% increase in reports of computer crimes compared to the same period of the previous year. In 2019, Colombia was among the countries in Latin America most targeted by cyber criminals. Cybersecurity has become a frequent topic of policy concern for Colombia. The government proposed a Consolidated Guiding Vision in document CONPES 3701, which seeks to generate national cybersecurity policy guidelines. The aim is to develop a national strategy that counteracts the increase in computer threats to Colombia's digitization process. 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Founded in 2016, it has been globally recognized as one of the world's most innovative cybersecurity companies with the sole mission of enabling organizations to combat cyber threats regardless of how sophisticated they are. Most recently, Resecurity was named as one of the Top 10 fastest-growing private cybersecurity companies in Los Angeles, California by Inc. Magazine. An official member of AFCEA, NDIA, SIA, Infragard, the American Chamber of Commerce in Saudi Arabia (AmChamKSA) and the American Chamber of Commerce in Mexico (AmChamMexico). About Cloud Seguro: Founded in 2011, Cloud Seguro's information security consulting is based on managing risk, which is different for each company. Identifying the risks is the best way to understand how to create an information security management system. 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