New research reveals that the majority (52%) of financial services employees feel positive or very positive about the growth of AI, and 62% say learning to use new technologies increases their motivation at work. More than half (56%) are also confident they have the necessary skills to work with more AI tools. The research, which […]
Benjamin Reid, CBI director of technology and Innovation, said: “The government should be applauded for listening to the CBI and other industry voices in avoiding the temptation to rush to legislate in the AI space. “Setting a clear path towards an agile, principles-based approach to regulation will not only allow firms to make the most […]
With the deadline to implement Basel IV just a year away for many banks, Cloudera, the data company for trusted enterprise artificial intelligence (AI), is urging banks to adopt a modern data architecture. This follows recent research from Cloudera that shows compliance is the main data management concern for 80% of EMEA IT decision makers […]
Tymit, a pioneer of instalment credit cards, and leading credit reference agency Equifax have announced a new Open Banking partnership to support affordability decisions and transparency for Tymit’s credit products in the UK. This partnership, leveraging the power of Equifax’s Open Banking solutions, allows Tymit to improve the accuracy of affordability decisions with real-time insights […]
New research from EXL [NASDAQ: EXLS], a leading data analytics and digital operations and solutions company, reveals that the vast majority (89%) of insurance and banking firms in the UK have launched AI point solutions and proofs of concept over the past year, but suggests that data optimisation must be a greater priority to achieve […]
Recent reports suggest AI investments are predicted to approach $200bn globally by 2025, with countries competing to enjoy the benefits artificial intelligence has on productivity and the economy. Which countries have invested the most in AI between 2019 to 2023? AI statistics from AIPRM compared the investment of each country with the United States, who […]
Leading payment orchestration platform, BR-DGE, has announced strong growth in 2023 in response to increasing market demand. BR-DGE saw impressive growth in 2023, continuing its focus on winning new merchants, rolling out new technology and onboarding new partners such as Visa, PayPlug, Sift and American Express Pay with Bank transfer. Despite the backdrop of a […]
Research from RPC has revealed that between June 2022 and June 2023, 640 cyber security breaches were reported to the Information Commissioners Officers (ICO), up from 187 the previous year across the financial sector. For many businesses in 2024, a secure payment gateway is a vital link within the payment infrastructure. Payment gateways offer seamless […]
Global consultancy Kearney, in partnership with Egon Zehnder, the leadership advisory firm, has released a report titled ‘Leadership in the Age of AI’ exploring how business leaders foresee the impact of AI on organisations and jobs, and how prepared they feel for this change. Organisations need to get ready for change One of the key […]
Nearly three quarters (73%) of regulated firms that take on new individual customers and business clients, have yet to start verifying the sources of their clients’ funds using open banking – a system that provides secure third-party access to financial data through an API (application programming interface). More than one in five (21%) do not […]
