Today, Amazon Web Services, Inc. (AWS), an Amazon.com company (NASDAQ: AMZN), announced the launch of a Cloud Innovation Centre (CIC) at The University of British Columbia (UBC) in Vancouver. Part of an ongoing relationship between AWS and UBC, the CIC will provide students, staff, and faculty access to cloud technology to advance projects, along with training on how to employ Amazon’s innovation processes. The CIC is the first of its kind in Canada.
The CIC will focus on issues of health and wellbeing and is officially called the UBC Community Health and Wellbeing CIC, powered by AWS. It will support student teams tackling real-world issues and challenges, where application of novel and emerging technology or computing approaches are essential. The CIC will change the way UBC teams use cloud technology, drive innovation, and improve agility and cost. Located on the university’s Vancouver campus and slated to officially open in early 2020, teams working on projects will also have in-person support from a Vancouver-based AWS team of cloud computing and data experts.
“The UBC Community Health and Wellbeing CIC will give student teams, supported by staff and faculty, the opportunity to use leading cloud technology from AWS to unlock results for challenge projects faster and generate new insights for our community,” said Simon Bates, Associate Provost, Teaching and Learning at UBC. “The team-based, hands-on approach –coupled with industry expertise — will significantly advance our efforts to support authentic, digital learning experiences for students as well as opportunities for our teams to work with the world’s leading cloud services from AWS.”
“We’re seeing cloud adoption across every segment in Canada, from nonprofits to education and all levels of government,” said Teresa Carlson, Vice President of Worldwide Public Sector at AWS. “The CIC at UBC further accelerates the digital transformation of the Canadian public sector by providing teams access to next-generation cloud technology from AWS that can be used to solve real-world challenges. Our expertise and experience with machine learning, high-performance computing, and data analytics will directly help the UBC community in delivering innovative projects.”
Using Amazon’s innovation methodology, dedicated UBC and AWS CIC staff will work with students, staff, and faculty, as well as community, government or not-for-profit organizations to define challenges. The team will engage with subject matter experts, identify potential solutions to the challenges, and to build Proof of Concepts (PoCs). All of the innovation challenge outputs, including the PoCs, will be published as open source for other community members to access and use.
“For the remainder of the year, we will be working with the UBC community, as well as partners in healthcare, nonprofit organizations and government to queue up a selection of challenges to begin working on. During this time, we will also be securing the location for the CIC on campus, hiring, and fleshing out the operations model supported by colleagues in IT and Teaching and Learning,” said Bates.
“UBC is a world-recognized leader in research and learning, and this new cloud innovation center will undoubtedly unlock new ways to solve problems that will make a difference to people and businesses,” said Bruce Ralston, Minister of Jobs, Trade and Technology for British Columbia. “Cloud computing skills are essential to the workforce, and students at UBC will soon be able to get hands-on training and experience to help support B.C.’s growing tech sector.”
“Our government’s recent announcement of Canada’s Digital Charter recognized the importance of partnerships between industry and academia to address digital and data transformation and ensure that Canada continues to be competitive on the global stage,” said Navdeep Bains, Canada’s Minister of Innovation, Science and Economic Development. “Giving our researchers access to the best tools and methodologies will spur innovation, leading to the creation of better outcomes for Canadian communities. Developing and applying methods to use the wealth of data now available to advance society through research and learning is needed now, more than ever.”
This CIC in Canada joins seven other cloud computing research initiatives funded by AWS worldwide, including California Polytechnic University Digital Transformation Hub, Arizona State University Smart City CIC, MunichUniversity of Applied Sciences (MUAS) Digital Transformation Lab, CODE University of Applied Sciences Better Future Lab, Sciences Po Public Innovation Lab, Busan City CIC, and the recently launched Swinburne Data for Social Good CIC.
SOURCE Amazon Web Services (AWS)
MPOWER Financing rated Top international student lender by Nerdwallet and U.S. News
MPOWER Financing, a mission-driven fintech that provides financial access to higher education for high-promise international and DACA students, was recognized by both Nerdwallet and U.S. News & World Report as the top student loan provider for international students.
Nerdwallet, a comparison website for personal finance products, awarded MPOWER a 5-star rating for its student loans, indicating that its products are “among the very best for consumer-friendly features.” Nerdwallet also commended MPOWER for offering loans that are “ideal for international and DACA students without a co-signer or U.S. credit history.” MPOWER’s loans are available to students from around the world for both graduate and undergraduate degrees at more than 350 top universities in the U.S.and Canada.
U.S. News & World Report recognized MPOWER Financing as the “best lender for international students.” This determination was made on the basis of MPOWER’s product offerings, cost, customer servicing ratings, eligibility, and other features. U.S. News also detailed that MPOWER’s underwriting process considers a student’s academic success and career path – a process that is enabled by MPOWER’s use of big data analytics and artificial intelligence.
“I was having a tough time obtaining education loans from India without collateral,” wrote Kaushik Krishnan, one of MPOWER’s early students. “MPOWER was truly life changing for me. I’ve since graduated from my Masters program, found a job, and paid off my loan.”
“MPOWER allowed me to achieve my dream,” said Sol Bee, a South Korean student. “I was admitted to Berkeley in Fall 2016, but I couldn’t afford it at the time. MPOWER empowered me to be who I wanted to be by allowing me to take control of my finances and my life.”
“We’re honored by the industry recognition we’ve received, and the hundreds of heartfelt stories we get from students whom we have the privilege to serve,” says Manu Smadja, Co-founder and CEO of MPOWER. “We’re working hard to further improve our customer experience and to remain the best international student lending product on the market.”
MPOWER Financing, headquartered in Washington, D.C., and with offices in Bengaluru, New York City, and Toronto, is a mission-driven fintech company and provider of global educational loans. It is the only student lender in the world that leverages both overseas and domestic credit data, as well as future earning potential, to serve high-promise international and DACA students. MPOWER Financing works with over 350 top universities and colleges across the U.S. and Canada to provide financing to students from over 200 countries. Since 2014, it has received over $1B in loan application volume on its platform. MPOWER Financing helps students build their credit histories and provides them with personal finance education and career support to help prepare for life after school. The team is backed by Zephyr Management, Goal Structured Solutions, Gray Matters Capital, Lloyd Crescendo Advisors, 1776, Village Capital, Potentia, Breega, VARIV, DreamIt, Fresco, Chilango, Common Sense Fund, K Street, and University Ventures.
SOURCE MPOWER Financing
New Research Reveals SafelyYou’s AI-Enabled Fall Detection Reduces Need for Emergency Service Care in Dementia Care Facilities
Real-time fall detection using SafelyYou’s artificial intelligence-enabled video recording reduced the need for emergency services by a staggering 80% in dementia care facilities, according to research results published in the American Journal of Managed Care. The study closely examined the impact of SafelyYou’s memory care-focused technology to detect falls, videotape falls and notify care staff so that video review of the incident could occur immediately after each fall.
“According to the Alzheimer’s Association Report (2016), fall injury is the leading cause of Alzheimer dementia–related hospitalizations, with $5.3 billion in annual cost to Medicare,” said Glen Xiong, Advisory Board Member for SafelyYou. “In residential care facilities, individuals with dementia fall, on average, four times per year and twice as often as other residents. Falls often go unwitnessed. Due to uncertainty regarding the seriousness of each fall, facility staff frequently activate local emergency medical teams to examine the residents, and such visits often result in emergency department visits.”
The study, supported in part by a National Institutes of Health, National Institute of Aging Small Business Innovation Research Grant, was conducted with enrolled participants on June 1 to Aug. 31, 2018. Fall incidents and outcomes were routinely recorded for facility residents, and facility staff reviewed the falls in real time, immediately after each incident, for study participants.
Among 147 falls in the control group, 52 (35.4%) resulted in EMT visits and 36 (24.5%) resulted in ED visits. In contrast, the intervention group had 83 falls, with 13 (15.7%) and seven (8.3%) resulting in EMT and ED visits, respectively. There were relative reductions of 75% in EMT visits and 80% in ED visits.
The AI-enabled camera fall detection system coupled with staff review of fall videos led to more accurate identification of serious falls and incidents compared with less serious falls, such as when a resident intentionally moved to the ground but did not fall.
“Using emergency services less frequently leads to lowered healthcare costs and stress for everyone,” said George Netscher, CEO of SafelyYou. “Speaking with families and hearing the testimonials is really the very best part of our day.”
360Quadrants Recognizes IBM, Microsoft and Salesforce as Visionary Leaders in the AI in Fintech Space
AI in Fintech solutions are used by enterprises to perform finance-related tasks that traditionally require human intelligence. These solutions leverage AI-equipped technology to allow the financial sector to design better investment strategies, swiftly detect anomalies, recognize patterns in data, implement voice recognition, and engage in thorough market analysis. Simply put, the AI in Fintech market hosts vendors that provide AI-enabled Fintech solutions.
360Quadrants the most granular comparison platform has released a quadrant on AI in Fintech Solutions to help businesses make quicker and more informed decisions. The quadrant has IBM, Microsoft and Salesforce sharing space as Visionary Leaders. 360Quadrants are generated post analysis of companies (product portfolios and business strategy). Quadrants will be updated every three months based on market and regional analysis and developments in AI in Fintech.
AI in Fintech Solutions Quadrant Highlights
360Quadrants covers 79 companies in the AI in Fintech Solutions space and places the top 44 of them in a quadrant depending on their quality, reliability, and business outcome. These 44 companies are categorized into Visionary Leaders, Dynamic Differentiators, Emerging Companies, and Innovators.
360Quadrants recognizes Intel Movidius Neural Compute Stick, Amazon AWS Alexa, Salesforce Einstein, Google Cloud Platform, Microsoft Cortana Intelligence Suite, and IBM Watson Platform as Visionary Leaders; IPSoft Amelia, ComplyAdvantage, Nuance Virtual Assistance, Inbenta InbentaBot, Digital Reasoning Conduct Surveillance as Innovators; Samsung and Microstrategy HyperIntelligence as Dynamic Differentiators; and DataRobot, Razorthink Big Brain, Numenta HTM for Stocks suite, Anodot AI Analytics, Brighterion Smart Agents, Kasisto Kai Banking, Next IT Alme, ZestFinance ZAML, Ayasdi Enterprise AI, Voyager Analytics, AlphaSense and Wallet. AI as Emerging Companies. The 360Quadrants platform provides the most granular AI in Fintech Solutions comparisons between vendors.
Additionally, 360Quadrants has dived deep into research and released a niche region-specific quadrant. This quadrant recognizes the top player in the market in specific regions. The regional quadrant covers North America, Europe, Asia Pacific, MEA, and Latin America. Intensive research was conducted to place companies in regional quadrants based on their developments, presence—both online and physical—and support/reach in specific regions. IBM Watson, Salesforce, and Microsoft are recognized as Visionary Leaders across regions. In the North America and Asia Pacific regions, Intel Movidius Neural Compute Stick is recognized as a Visionary Leader by 360Quadrants. Finally, for Latin America and MEA, 360Quadrants recognizes AWS as a Visionary Leader.
The methodology used to rank AI in Fintech Solutions companies involved the use of extensive secondary research to identify key vendors by referring to annual reports, press releases, investor presentations, white papers, and various related directories and databases. 44 key vendors were shortlisted based on their breadth of product offerings, organization size, and other criteria. The scores and weights for shortlisted vendors against each parameter were finalized post research. After the finalization of ratings, each vendor was placed in the most relevant quadrant based on their score in the product offering and business strategy parameters.
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