CLEVELAND, Aug. 7, 2025 /PRNewswire/ — AML RightSource, the global expert solutions leader in financial crime compliance and third-party risk management, has been named a Leader in Everest Group’s Financial Crime Compliance Operations Services Peak Matrix® Assessment 2025.

Everest Group’s data-driven annual report evaluates service providers across key dimensions, including market impact and vision & capability. AML RightSource’s recognition as a Leader reflects its ability to deliver high-quality outcomes for clients, underpinned by a strong global delivery model and investment in technology, analytics, and subject matter experts.

AML RightSource’s CEO, Steve Meirink shared “We are proud to be recognized as a Leader in Everest Group’s 2025 PEAK Matrix® for Financial Crime Compliance Operations Services, especially in our first year of participation. This recognition reflects the strength of our global delivery model, the depth of our subject matter expertise, and our continued investment in advanced technology and analytics. It reinforces our vision to be the leading expert solutions provider that our clients and partners count on every single day to prevent financial crimes and increase transparency with third parties. As we work together to foster trust across the global financial ecosystem, we remain focused on making our local communities safer. This acknowledgment from Everest Group validates the impact of our mission and the dedication of our teams across the globe.”

In its report, Everest Group highlighted several strengths of AML RightSource, including:

• Breadth of services across FCC value chain, including KYC, enhanced due diligence, transaction monitoring, fraud, and reporting
• Use of AI and advanced analytics to improve efficiency and support better decision-making
• Deep regulatory insight, expertise, and industry knowledge, enabling tailored solutions for banks, fintechs, and global corporations
• Global delivery capabilities, with experienced teams in the US, Canada, UK, Europe, and Asia.

“Being named a Leader by Everest Group is a strong endorsement of the outcomes we deliver and how we deliver them,” said Brad Breslin, EVP and Chief Delivery Officer at AML RightSource. “This recognition reflects our ability to scale high-quality compliance operations without requiring clients to expand their internal teams or tech stacks. From day one, we bring deep subject matter expertise, best-in-class technology workflows, and a global delivery model that ensures precision, efficiency, and resilience. Our placement across both market impact and vision & capability validates our clients’ trust in us to help them navigate complexity and deliver with confidence. This achievement is a direct result of the dedication, expertise, and passion of our global team. We’re proud to be setting the standard for excellence in FCC operations.”

“In a market rapidly shifting from check-the-box compliance to risk-based orchestration, buyers are prioritizing partners who blend regulatory expertise with technology led investigation capabilities,” noted Dheeraj Maken, Practice Director, Everest Group. “Through a series of strategic acquisitions, AML RightSource has built a modular technology ecosystem that enhances key workflows across KYC, adverse media, and third-party risk management. Coupled with its focus on high-touch, SME-led delivery, these capabilities have contributed to its placement as a Leader in our Financial Crime and Compliance (FCC) Operations Services PEAK Matrix® Assessment 2025.”

This independent validation of AML RightSource’s leadership in financial crime compliance operations comes at a time when financial institutions are under growing pressure to address regulatory complexity, manage operational costs, and respond to emerging threats. AML RightSource continues to support clients through a combination of managed services, advisory expertise, and enabling technology.

About AML RightSource, LLC
AML RightSource is a global leader in financial crime compliance and risk management. We deliver tailored solutions through expert professionals and advanced technology, supporting AML, KYC, EDD, and more. With 6,500+ specialists worldwide, we help clients meet compliance demands and strategic goals. Learn more at www.amlrightsource.com. 

Disclaimer
Licensed extracts taken from Everest Group’s PEAK Matrix® Reports may be used by licensed third parties for use in their own marketing and promotional activities and collateral. Selected extracts from Everest Group’s PEAK Matrix® reports do not necessarily provide the full context of our research and analysis.  All research and analysis conducted by Everest Group’s analysts and included in Everest Group’s PEAK Matrix® reports is independent and no organization has paid a fee to be featured or to influence their ranking. To access the complete research and to learn more about our methodology, please visit Everest Group PEAK Matrix® Reports.

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Entrepreneur Expo to spotlight SSBCI-backed investment funds driving Maryland’s innovation economy

COLUMBIA, Md., Aug. 7, 2025 /PRNewswire/ — TEDCO, Maryland’s economic engine for technology companies, announces the panel “Investing in Maryland’s Future: SSBCI in Action,” taking place at the upcoming 2025 Entrepreneur Expo at The Hotel at the University of Maryland on October 21, 2025.

Moderator: Jack Miner, TEDCO. Emily McMahan, AIN Ventures; Shalanda Armstrong, 100KM Ventures; Elias Mufarech, Collide Capital; Sarah Sheppard, Maryland Department of Commerce

“This session showcases both the power of public-private capital and the art of founder-investor engagement,” said Jack Miner, TEDCO’s chief investment officer. “We’re excited to give attendees an up-close look at how these investors evaluate opportunities and support Maryland’s growing innovation ecosystem.”

The two-part session will be moderated by Miner, beginning with brief investment thesis presentations from each fund, followed by a round of live startup pitches. The second half of the session features an interactive discussion where investors provide real-time feedback and highlight the critical skills and considerations that shape their decisions—from understanding tech stacks to budget planning.

Joining this session will be:

• Moderator: Jack Miner, TEDCO
• Emily McMahan, AIN Ventures 
• Shalanda Armstrong, 100KM Ventures
• Elias Mufarech, Collide Capital
• Sarah Sheppard, Maryland Department of Commerce

Recently, TEDCO announced receiving an infusion of up to $50 million in funding from the U.S. Department of the Treasury’s State Small Business Credit Initiative (SSBCI). This funding supports recipients of TEDCO’s Venture Funds, Seed Funds and Social Impact Funds—along with the $10 million earmarked for the Venture Capital Limited Partnership (VCLP) Equity program. Of this amount, funding has been allocated to 100KM Ventures, AIN Ventures and Collide Capital. This session brings all three firms together to share their investment strategies and engage directly with Maryland-based entrepreneurs.

TEDCO’s Entrepreneur Expo is Maryland’s premier gathering for entrepreneurs, business owners, investors and thought leaders to connect, learn and be inspired. This year’s event promises a full day of interactive workshops, insightful discussions and dynamic pitches from emerging companies.

Don’t miss your chance to attend this “can’t miss” event! Tickets are limited, so secure your spot now and get ready for a day filled with learning, networking and inspiration.

About TEDCO
TEDCO, the Maryland Technology Development Corporation, enhances economic empowerment growth through the fostering of an inclusive entrepreneurial innovation ecosystem. TEDCO identifies, invests in, and helps grow technology and life science-based companies in Maryland. Learn more at www.tedcomd.com.

Media Contact
Tammi Thomas, Chief Development & Marketing Officer, TEDCO, tthomas@tedcomd.com
Rachael Kalinyak, Associate Director, Marketing & Communications, TEDCO, rkalinyak@tedcomd.com

GP-Led Secondaries Fundraise Targeted for Q1 2026

MIAMI , Aug. 7, 2025 /PRNewswire/ — H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $70 billion of capital under management, is pleased to announce the launch of its GP Solutions Platform. The launch marks a strategic expansion of the firm’s capabilities and reinforces its commitment to the attractive and underserved middle market. Purpose-built to provide tailored liquidity and strategic capital, the platform will leverage H.I.G.’s 32-year track record of delivering flexible and diverse solutions in the middle market.

H.I.G. has recruited a seasoned team from Morgan Stanley Private Equity. The team will join H.I.G. later this year to lead H.I.G.’s secondaries fund. Led by Managing Director Dan Wieder, and joined by Managing Director Yash Gupta and Principals Austin Gerber and Joe Holleran, the team brings decades of collective experience and a consistent record of value creation and attractive returns. Their deep expertise will be instrumental in building a differentiated platform focused on GP-Led transactions, an area of rapid growth driven by increased demand for private equity liquidity solutions.

“We are thrilled to welcome Dan and this seasoned team to H.I.G.,” said Rick Rosen, Co-President of H.I.G. Capital. “Their collective expertise, proven investment acumen, and entrepreneurial mindset are highly complementary to our platform. We believe our secondaries effort will be an exciting and scalable business over the coming years, which aligns seamlessly with our middle market, value-add investment strategy.”

The fund will focus on executing secondary transactions, providing investors with access to high quality, seasoned assets and shorter durations compared to traditional primary funds. It will primarily target GP-Led opportunities across geographies, sectors, and strategies, benefiting from H.I.G.’s extensive investment resources, including H.I.G.’s middle market origination network and disciplined underwriting capabilities. H.I.G. aims to deliver attractive, risk- adjusted returns by leveraging its global platform, proven operational expertise and deep sector knowledge.

About H.I.G. Capital

H.I.G. is a leading global alternative investment firm with $70 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, San Francisco, and Stamford in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, Dubai, and Hong Kong, H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible, operationally focused, and value-added approach:

• H.I.G.’s equity funds invest in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
• H.I.G.’s debt funds invest in senior, unitranche, and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. also manages a publicly traded BDC, WhiteHorse Finance.
• H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
• H.I.G. Infrastructure focuses on value-add and core plus investments in the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The Firm’s current portfolio includes more than 100 companies with combined sales in excess of $53 billion. For more information, please refer to the H.I.G. website at hig.com.

*Based on total capital raised by H.I.G. Capital and its affiliates.

Contact:

Jordan Peer Griffin
Executive Managing Director
jpeer@hig.com

H.I.G. Capital
1450 Brickell Avenue
31st Floor
Miami, FL 33131
P: 305.379.2322
hig.com

DUBAI, UAE, Aug. 7, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has unveiled its bold roadmap for the future of crypto, setting the tone for a new era of innovation, security, and trading excellence.

In the highly anticipated “Keynote with Ben: Reshaping What’s Next, Bit by Bit,” CEO and Co-founder Ben Zhou delivered a forward-looking vision grounded in real-world adoption, institutional-grade innovation, and deep ecosystem alignment.

Celebrating over six years of service, 74 million users, and a milestone where 1 in 8 crypto enthusiasts globally have chosen Bybit, CEO and Co-founder Ben Zhou reaffirmed the exchange’s mission: Rewrite Your Success. Reshape The Standard.

“Crypto is no longer just about speculation — it’s about real world application. At Bybit, we’re not just trading the future; we’re rewriting and reshaping what success looks like, bit by bit,” said Zhou.

Compliance as a Foundation for the Future

Bybit opened the keynote with a reaffirmation of its compliance-first approach — a critical pillar as the industry matures.  Now fully compliant with the EU’s Markets in Crypto-Assets Regulation (MiCAR) framework and securing FIU-India registration in the first half of 2025, Bybit emphasized compliance not as a barrier but as an enabler. Zhou emphasized that “sustainability in crypto begins with trust and transparency,” and positioned compliance not as a constraint, but as a catalyst for long-term growth.

Rewriting the Industry Security Standard

Bybit has also successfully rewritten the industry standard for security following a sophisticated multi-stage attack on one of its vendors in February — the largest known hack in crypto history. While Bybit’s own infrastructure remained uncompromised, the company acted swiftly in response. Within weeks, it completed nine extensive security audits — conducted by both internal and independent experts — and implemented over 50 enhanced safeguards.

The response drew industry-wide praise and global recognition for its transparency, resilience, and user-first approach. Today, Bybit’s security overhaul is regarded as a new benchmark in platform integrity.

Trading Excellence Backed by Infrastructure Upgrades

Bybit continues to lead in performance and reliability. Its upgraded matching engine now handles 3.5 million transactions per second, processing nearly 200 billion daily orders — a 75% year-over-year increase in the first half of 2025.

By extending its Rapid Price Improvement (RPI) mechanism to perpetual contracts, Bybit has delivered 150% higher liquidity and up to 5x better execution across retail and VIP accounts, firmly establishing itself as the go-to destination for professional trading.

Setting a New Height in Crypto Wealth Management

As institutional and high-net-worth adoption increases, Bybit is reshaping what wealth preservation means in the digital age. Its newly launched wealth management platform has already surpassed $150 million in AUM, offering curated portfolios and strategic services tailored to sophisticated investors — all underpinned by Bybit’s trading depth and robust security infrastructure.

Redefining Real-World Utility: Bybit Card and Payments

Another highlight was the new edition of the Bybit Card — now positioned as a crypto-native business card that integrates seamlessly into both corporate and consumer spending. With support for Visa and Mastercard networks, smart security features, and real-time expense tracking, the card bridges the gap between digital assets and daily transactions. Bybit Card is expected to expand into the EU region in August, with Peru and Colombia lined up for Q4.

Bybit’s payments infrastructure has also made major strides. Native support for nationwide QR payments in Southeast Asia and LATAM has driven a 719% quarter-over-quarter increase in usage. With over two million users and cross-sector partnerships with local services like Rappi and Vivaticket, Bybit is moving closer to making crypto as usable as “cash”.

Introducing Bybit Lite to Earn, Manage, and Trade

Zhou unveiled the upgraded Bybit App — a unified platform that streamlines both active trading and passive income generation. Bybit Lite is a new upgraded version for casual users and a reimagined Earn section, offering personalized strategies and simplified ways to activate idle capital.

A Key Partner of Mantle 2.0

A major announcement was Bybit’s deepened strategic alignment with Mantle This partnership sets the stage for what Zhou called “a bold new chapter in institutional-grade on-chain finance.” The launch of Mantle 2.0 comes with renewed leadership and tighter ecosystem integration — including Helen Liu, Co-CEO and Partner of Bybit and Emily Bao, Head of Spot and Web3 at Bybit stepping in as key advisors.

Together, Bybit, as one of Mantle’s ecosystem partners, will accelerate the development of decentralized finance by aligning infrastructure, liquidity, and governance. The collaboration aims to set new standards for scalability and compliance, while tapping into the growing demand for trust-driven DeFi solutions.

Reshaping the Standard

With this keynote, Bybit signaled more than just platform growth — it marked a shift in how the industry defines success. Zhou’s message was clear: The next era of crypto will be shaped by platforms that offer trust, usability, and true innovation.

“We believe crypto should be usable, secure, and powerful enough to serve everyone — from first-time users to institutional investors,” Zhou said. “Together with our community, we are rewriting the rules and reshaping the space for good.”

Watch the full keynote replay here.

#Bybit / #TheCryptoArk  

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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From the White House to Nairobi: Two Visionary Brothers Reimagine Black Global Leadership, Creating Jobs in Africa, Cultivating Cultural Spaces, and Inspiring a New Era of Ownership

LINK TO ASSETS

WASHINGTON, Aug. 7, 2025 /PRNewswire/ — As Nairobi rises to global prominence with major United Nations agencies set to relocate their headquarters to the city, a new era for Africa is unfolding. John and Mike Burns—the visionary entrepreneurs and cultural architects known as The Burns Brothers—are building bridges across continents, advancing a movement of Black leadership that reflects Africa’s expanding role on the world stage. From orchestrating historic White House events to launching Africa’s first African American-owned private members’ club, the brothers are charting an interconnected world where the diaspora thrives. Their expanding ecosystem of businesses now spans continents united by a singular mission: to uplift, connect, and inspire diverse communities through ownership, creativity, and opportunity.

“Africa isn’t just the future—it’s the now,” says John Burns, a seasoned attorney and co-founder. “We’re not here to just open doors. We’re building the house.”

From War Zones to the White House

Mike Burns, U.S. Army veteran and West Point graduate, brings a warrior’s discipline to their multinational mandate. After flying helicopters in Iraq and Afghanistan, he turned his focus toward service through leadership, becoming Chief Diversity Officer at a Fortune 500 company and creating economic pipelines that now employ tens of thousands across Africa.

As cultural event producers for the Biden Administration, The Burns Brothers made history with the first-ever Juneteenth Celebration at the White House in 2023 and returned in 2024 with an encore featuring legends like Gladys Knight, Patti LaBelle, and Kirk Franklin.

“We’ve devoted our lives to ensuring Black voices aren’t just heard, but honored at the highest levels,” says Mike. “Now, we’re harnessing that resolve to transform Africa.”

Where Culture, Community, and Commerce Converge

From HQ DC House in Washington to HQ Kenya House in Tatu City—just outside Nairobi—the Burns Brothers are redefining global luxury, hospitality, and legacy. The exclusive private members’ clubs serve as dynamic hubs for connection, advancement, and creative exchange among professionals, entrepreneurs, and cultural leaders. Their growing portfolio of hospitality brands also includes:

• KATA: An Asian-inspired culinary and nightlife destination in Washington’s historic Chinatown.
• The Nohmad: A stylish day-to-night coffee and cocktail lounge located above KATA.

Designed by Jimmie Drummond, each space becomes a gateway where form, function, and culture converge in an immersive experience.

Investing in Opportunity and Lasting Impact

In partnership with CCI Global, one of Africa’s largest private employers, The Burns Brothers have supported the creation of over 20,000 jobs across Kenya, Rwanda, South Africa, Ethiopia, Egypt, and Nigeria. Their own ventures have directly generated nearly 500 new positions—with ambitious plans to bring that number to 50,000 over the next decade. Through high-growth sector collaborations, they’re building lasting bridges between U.S. enterprise and African talent.

“For us, this is about dignity, hope, and creating generational wealth—not just for individuals, but for entire communities,” says Mike Burns. “We’re not just investing in businesses—we’re investing in people, and in a future that’s shared.”

From Boardrooms to the Cultural Stage

At the intersection of business and culture, The Burns Brothers ignite conversations and connections that inspire progress. From private tastings with Hollywood legends to provocative discussions with stars of Netflix’s Love Is Blind DC, their curated experiences spark dialogue and innovation. With the ICON to ICAN Foundation, they extend their impact, forging pathways for mentorship, storytelling, and inspiration—uplifting the next generation alongside luminaries like Chaka Khan and Congressman Jothn Lewis.

Resonate Africa 2025: Uplifting a Global Movement

At this pivotal moment for Nairobi and the continent, The Burns Brothers will launch Resonate Africa in late 2025—a first-of-its-kind summit where trailblazers in technology, culture, finance, and wellness will meet to bolster the global voice of the African diaspora.

Upcoming Book: The Continuum of Change: Impacting Change Through Moments That Matter

On September 16, 2025, The Burns Brothers and co-author Meghan Davis Hill will release The Continuum of Change: Impacting Change Through Moments That Matter at The Nohmad (600 F St NW, Washington D.C. 20004). This new book distills their personal experiences into practical strategies for achieving meaningful transformation at every level. Advance copies are available here.

Follow The Burns Brothers’ journey on Instagram, Facebook, or LinkedIn.

For additional information, media requests, or press assets, contact Asma Amani at asma@asmaamanipr.com or +1 (703) 286-9084.

About The Burns Brothers

The Burns Brothers—John and Mike Burns—are visionary entrepreneurs, cultural architects, and global thought leaders reshaping the narrative of Black excellence across business, hospitality, and social impact. With ventures spanning five continents, their work bridges the African diaspora through ownership, creativity, and opportunity. From producing historic cultural events at the White House to launching Africa’s first African American-owned private members’ club, The Burns Brothers are pioneering a new era of global Black leadership rooted in legacy, inclusion, and innovation.

The Burns Brothers by Monarch Magazine

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