Financial Services stories - Page 45

ThetaRay's AI modules for AML and sanctions screening have gained key validation from Kaufman Rossin, aiding compliance with evolving US and EU regulations.

OpenText and Google have teamed up to offer AI-driven, sovereign cloud tools enhancing data security and compliance for finance, insurance, and retail sectors.

Tokenovate has bolstered its senior engineering team with four key hires to enhance digital settlement and meet rising client demand ahead of T+1 settlement in 2027.

UK finance teams face slow expense claim approvals and vague submissions, with 27% taking over a month and GBP £60 million in claims analysed.

Peer Software enhances data orchestration with new features in PeerGFS and PeerIQ, boosting storage compatibility, analytics, and security for hybrid and multi-cloud use.

Viber Pay launches instant, fee-free payments and Visa virtual cards in seven European countries, integrating Paynetics' licensed payment system within its messaging app.

Options Technology chooses atNorth's Iceland ICE02 data centre to host AI-focused private cloud, boosting finance sector's AI workload capacity with green energy.

AI's surge demands data centres to be redesigned with liquid cooling, high-density power, and sustainability for scalable, efficient infrastructure across Europe.

Financial firms face rising fines and must adopt digital regulatory reporting to ensure compliance, cut costs and boost operational resilience in 2024 and beyond.

New research reveals retail leads commerce media maturity, with 22% at advanced stages, while automotive lags, highlighting vast sector disparities worldwide.

Ransomware attacks surged 41% in October to 594 incidents, heavily targeting industrial, consumer, and healthcare sectors, mainly in North America and Europe.

Rackspace Technology launches AI Launch Pad, a private-cloud service to help businesses overcome AI adoption challenges and boost returns across sectors.

Cayosoft launches Guardian SaaS, a cloud service for hybrid Microsoft Active Directory and Entra ID protection, offering real-time monitoring and automated recovery.

Conductor's new report reveals AI tools like ChatGPT are reshaping digital brand visibility, with AI-driven search now influencing discovery across key sectors.

Payments now make up 55% of global fintech revenues at USD $126 billion, driven by innovation, regulation, and demand for instant, secure transactions.

Graph databases are revolutionising finance, helping firms detect fraud, enhance compliance, and harness AI by mapping complex data relationships in real time.

AI-powered payment systems now approve credit and detect fraud in milliseconds, revolutionising the speed and security of financial transactions.

Ataccama and Cognizant unveil ONE Bridge, cutting data platform migration time by 40% and easing compliance with automated workflows.

eflow Global launches PATH AI, enhancing trade surveillance with transparent, auditable alerts amid USD $1.8bn market abuse fines globally this year.

ECCTA's mandatory ID verification poses major compliance and liability risks for UK law firms, with millions facing deadlines to avoid fines and penalties.