Financial Services stories - Page 50

Affinda Group secures USD $10 million in latest funding round, raising total to USD $22.9 million over 18 months, and now valued at USD $120 million.

SourseAI partners with Moflix to revolutionise telcos with AI and digital-first tools, aiming to better personalise and simplify the customer experience.

SeqOIA, a key French genomics lab, adopts Scality RING to handle petabyte-scale genetic data, enhancing cancer and rare disease patient outcomes.

HSBC and BNY Mellon join Quantexa's Lighthouse Programme to deploy Q Assist, a context-aware generative AI suite, debuting at London Tech Week to optimise financial services.

First AML has partnered with Open Banking tech platform Armalytix to boost Source of Funds and Source of Wealth capabilities for large conveyancing firms.

Currencycloud and Pyvio are partnering to enhance cross-border payment solutions for Chinese eCommerce businesses, aiming to simplify transactions in emerging markets.

Ciena's new study reveals a surge in AI optimism among global CSPs, predicting enhanced operational efficiency, job growth, and monetisation prospects.

Integrity360 partners with Armis to strengthen cybersecurity across Europe, enhancing digital asset visibility and threat management for multiple sectors.

New research reveals the global unified communications market will soar from USD $48.1B in 2021 to USD $187.6B by 2031, driven by digital transformation and remote work trends.

Hexaware Technologies has boosted its data and analytics capabilities with the acquisition of respected Minneapolis-based data consulting firm, Softcrylic, promising to refine customer journeys through advanced data utilisation.

AvePoint's VP, Max McNamara, details strategies employed by the global data management firm in navigating and shaping the digital landscape.

Kiwis wasted 22 million hours on hold for customer service in 2023, with standoffish service and high hold times causing 95% to shift their spending behaviour.

In a move to bolster its software solutions, Rocket Software completes the $2.275 billion acquisition of OpenText's Application Modernisation and Connectivity business, tripling its customer base and increasing revenues by 60%.

Lenovo announces suite of AI-centric infrastructure systems and solutions to boost hybrid AI innovation for data-heavy sectors.

Endava's new Agentic AI Industry Accelerator, Morpheus, aims to bring transparency and greater control to AI use in tightly regulated sectors.

Lenovo ISG reveals a suite of AI-centric infrastructure systems aimed at driving hybrid AI innovation, in partnership with AMD and including the ThinkSystem SR685a V3 8GPU server for high-performance AI workloads.

The global powered smart card market is forecast to surge to $24.2bn by 2034, driven by enhanced functionality and advanced security features.

The 2024 M-Trends report reveals advancements in global organisations' cyber defences, with hackers' undetected dwell time falling from 16 to 10 days, marking a decade-low.

Bad bots accounted for nearly half of all global internet traffic in 2024, hitting their highest ever level since monitoring began in 2013, warns cybersecurity leader Imperva.

An independent Forrester Consulting study reveals AI translation service, DeepL, can boost efficiency and save millions for global organisations, highlighting the strategic importance of translation in business growth.