Author: sHq_LoGiNz

KANSAS CITY, Mo., April 13, 2025 /PRNewswire/ — The Cooperative Finance Association (CFA) is proud to announce that it has officially earned its SOC 2 Type 2 certification. This significant achievement underscores CFA’s unwavering commitment to operational excellence, security, and trust, further strengthening its position as the premier provider of agricultural input financing through its innovative loan origination software platform, Field Finance.

The SOC 2 Type 2 certification demonstrates that CFA’s systems and processes meet the highest standards for security, availability, confidentiality, processing integrity, and privacy. This milestone not only validates CFA’s internal controls but also reinforces its dedication to safeguarding sensitive client and partner information in an increasingly complex financial landscape.

Doug Richards, Chief Operating Officer and Chief Technology Officer at CFA, “I am amazed by the incredible work of the entire CFA team in achieving this goal. I also want to recognize Oread Risk & Advisory for their exceptional partnership throughout this process. Having worked with them on SOC compliance several times over the years, I knew they were the right firm to guide us through this rigorous audit.”

Enhancing Field Finance and Strengthening Market Leadership

Field Finance, CFA’s cutting-edge loan origination platform, has been a game-changer for agricultural retailers and producers. By streamlining the financing process and offering unparalleled flexibility, Field Finance empowers users to access tailored solutions that align with their operational needs. The SOC 2 Type 2 certification further enhances Field Finance by providing clients with the assurance that their data is protected by industry-leading security measures.

“This certification is a testament to our commitment to delivering best-in-class financial solutions,” said Ross Johnson, CEO of CFA. “Field Finance has already set the standard for agricultural input financing by combining innovation with deep industry expertise. Achieving SOC 2 Type 2 compliance solidifies our reputation as a trusted partner and positions us as the clear leader in this space.”

A Milestone Built on Collaboration and Excellence

The successful completion of this certification reflects CFA’s dedication to continuous improvement and collaboration. It highlights the organization’s ability to adapt to evolving regulatory requirements while maintaining its focus on delivering exceptional value to clients.

“This accomplishment is a direct result of our team’s hard work and shared vision,” said Jordan Nussbaum, Chief Security Officer at CFA. “SOC 2 Type 2 compliance is not just about meeting a standard—it’s about demonstrating our ongoing commitment to protecting our clients’ data and ensuring operational integrity. This achievement reinforces our position as a trusted partner in agricultural financing.”

Looking Ahead

As CFA continues to innovate and expand its offerings, this milestone sets the stage for even greater success. The organization remains committed to upholding the high standards that earned this certification while driving growth through its Field Finance platform.

For more information www.cfafs.com 

About CFA
Founded in 1943, the Cooperative Finance Association (CFA) is a member-owned cooperative dedicated to providing innovative financial solutions for agricultural retailers and producers across the United States. Through its flagship platform, Field Finance, and strategic relationships with partners like CoBank, CFA delivers tailored financing options designed to empower rural communities and advance cooperative principles.

Oread Risk & Advisory https://oreadrisk.com

Media Contact:
Doug Richards
Chief Operating Officer & Chief Technology Officer
drichards@cfafs.com
816.686.7092

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SOURCE Cooperative Finance Association

HONG KONG, April 13, 2025 /PRNewswire/ — The fruitful translation of innovative research projects undertaken by scholars at Hong Kong Baptist University (HKBU) took centre stage at the 50th International Exhibition of Inventions Geneva held from 9 to 13 April, capturing a total of nine awards including two Gold Medal with Congratulations of the Jury, three Gold Medals, three Silver Medals and one Bronze Medal.

The award-winning HKBU research projects are:

Gold Medal with Congratulations of the Jury

• A novel herbal formulation (CDD-2103) for remission maintenance of ulcerative colitis by Professor Bian Zhaoxiang, Associate Vice-President (Clinical Chinese Medicine) and Director of the Centre for Chinese Herbal Medicine Drug Development (CDD); Professor Tan Hor-yue, Assistant Professor of CDD

  Developed based on a traditional Chinese medicine formulation comprising nine Chinese herbal medicines including Codonopsis Radix (dang shen) and Curcumae Longae Rhizoma (jiang huang), CDD-2103 is applicable for remission maintenance in ulcerative colitis patients. Precisely balancing the combination of herbal ingredients, this new formulation was authorised by the National Medical Products Administration last year for clinical trial.

• A method to produce an unusual monoterpenoid by Professor Liao Pan, Assistant Professor of the Department of Biology

  This invention provides a cost-effective method for producing an unusual monoterpene compound commonly used in the perfume and fragrance industry. The method is expected to be less expensive than traditional approaches and more environmental-friendly.

Gold Medal

• Advanced catalysts and catalytic systems for green hydrogen production from biomass waste by Professor Zhao Jun, Associate Professor of the Department of Biology

  An advanced catalytic system that converts wet and dry waste such as food waste, wastepaper and yard waste into hydrogen, offering high efficiency, low operating costs and energy savings. It can operate in conditions with low temperature and pressure. Theoretically it is capable of achieving up to a maximum of 88% hydrogen output from biomass waste, which offers a sustainable yet economical alternative to traditional hydrogen production. The system secured a gold medal at the 15th International Invention Fair in the Middle East held in Kuwait in February this year.

• Broad absorption spectrum for sunscreen compounds and its applications by Professor Jill Chiu, Associate Professor of the Department of Biology; and Dr Jenny Ng, Research Associate of the Department of Biology

  This advanced sunscreen technology utilises patented, FDA-approved compounds to provide broad-spectrum protection covering UVA, UVB, near-UV, and visible light spectra, which is a wider coverage than traditional sunscreens. By immobilising UV filters, these compounds eliminate the endocrine-disrupting and carcinogenic risks associated with chemical sunscreens while preventing skin absorption.

• Production of chitin using green and recyclable ionic liquid by Professor Matthew Lui, Assistant Professor of the Department of Chemistry

  This innovative project introduces an eco-friendly, recyclable ionic extractant for isolating high-quality chitin from crustacean shells, which allows the production of purer, high quality chitin for uses in healthcare and food packaging. This method reduces chemical use and waste, enhancing the efficiency of chitin production for various industries.

Silver Medal

• Novel Chinese medicine formulation (CDD-2101) for constipation by Professor Bian Zhaoxiang, Associate Vice-President (Clinical Chinese Medicine) and Director of CDD; Professor Zhai Lixiang, Assistant Professor of CDD

  DNA fingerprinting, spectroscopic and chromatographic methods were employed to characterise and standardise the pharmacologically active constituents of the traditional Chinese herbal formulation “MaZiRenWan”. CDD-2101 has demonstrated improved bowel movements in several randomised, double-blind, placebo-controlled clinical trials in Hong Kong. In 2023, the drug was authorised by the US FDA to conduct a clinical trial. It is the first time that a new botanical drug developed in Hong Kong has obtained the authorisation to conduct a clinical trial in the US and the phase I study was completed in 2024.

• Water misting system for enhancing bathing experience for wheelchair users by Professor Anna Qin, Assistant Professor of the Academy of Visual Arts

  The revolutionary, portable water misting system generates two types of intersecting water mists: a fine, even mist and a more concentrated, powerful mist. This allows users to effectively cleanse themselves in a temperature-controlled environment while significantly reducing water consumption compared to traditional showers. The system features voice control and pre-programmed settings, enabling users to operate and control the mist independently without assistance.
  Its zero-installation, wireless design offers flexibility and adaptability to various bathroom environments, promoting safer and more independent bathing for people with mobility limitations.

• Intellectual property (IP) protection solution for 3D assets “Guardian3D” by Professor Wan Renjie, Assistant Professor of the Department of Computer Science

  “Guardian3D” is an innovative IP protection solution for 3D assets, using encryption, and dynamic watermarking to prevent unauthorised access and duplication. By embedding invisible, traceable watermarks directly into 3D models, it enables verifiable ownership and accountability even if the asset is modified. This IP protection solution offers comprehensive analytics and real-time monitoring, which allows creators to track asset usage across different platforms and enforce licensing agreements, empowering creators to protect and monetise their work in a digital world.

Bronze Medal

• A novel botanical remedy (CDD-2107) for the rare disease myofibrillar myopathy (caused by BAG3 gene mutation) by Professor Bian Zhaoxiang, Associate Vice-President (Clinical Chinese Medicine) and Director of CDD; and Dr Lin Chengyuan, Assistant Director (Administration) of CDD

  The novel botanical remedy CDD-2107 integrates Chinese medicine theory, clinical experience and advanced drug screening technologies to identify active compounds for treating the disease caused by BAG3 gene mutation. It utilises multi-omics analysis and artificial intelligence to identify precise therapeutic targets and ensure treatment efficacy. CDD-2107 has obtained the orphan drug designation from the US Food and Drug Administration (FDA), and is the first botanical drug in Hong Kong to have received this qualification. It is used to alleviate the clinical symptoms of myofibrillar myopathy caused by BAG3 gene mutation.

Aspiring to be a leading research-led university in Asia for the world, HKBU engages in cutting-edge, innovative and transdisciplinary research and knowledge transfer endeavours that push the boundaries of knowledge, address global issues, and contribute to the well-being of both local and international communities. HKBU’s award winning projects at this year’s International Exhibition of Inventions Geneva exemplify the university’s unwavering dedication in translating research outcomes into practical applications for the benefit of mankind.

The International Exhibition of Inventions Geneva is an annual global event devoted exclusively to inventions. This year, a total of 1,050 inventions from over 40 countries and regions were evaluated by a panel of professional judges.

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SOURCE Hong Kong Baptist University