Financial Services stories - Page 46

CommonAI launches a UK and Europe-wide platform to provide affordable AI computing resources and support for start-ups, backed by investment initiatives.

Cyber insurance now demands transparency and collaboration, with firms needing to prove measurable risk reduction amid rising supply chain cyber threats.

Nutanix will soon support Microsoft Azure Virtual Desktop on premises via its AHV hypervisor, enabling hybrid deployment with cloud management and security.

Rackspace Technology appoints Lata Varghese and Phani Kishore Burre as Senior VPs to boost AI, cloud services and business transformation efforts.

Primer launches Primer Companion, an AI tool designed to boost efficiency by automating and optimising payment teams' operations in real time.

All UK firms surveyed plan to deploy AI agents within a year, with 65% expecting job cuts despite high risks and costly system failures reported.

Financial firms use predictive AI combined with generative AI to meet FCA Consumer Duty, ensuring compliance and improving customer outcomes efficiently.

Yaspa won the Real-Time Payments Innovation award for its AI-powered platform that streamlines instant bank transfers and KYC verification across the UK and Europe.

Waracle has secured a multi-million-pound deal with People's Partnership to enhance digital pension services for over seven million members until 2027.

Corporate banks are streamlining deal-making by uniting fragmented systems, cutting approval times from days to hours and boosting pricing accuracy and compliance.

Capco joins OpenAI's Beta Services Partner Programme, gaining early access to AI tech to enhance financial and energy sector services globally.

Ant International partners with TNG Digital and easypaisa to launch AI-driven customer service, enhancing efficiency and security in Asian digital banking.

UK banks face credit innovation hurdles as outdated systems delay new features; modern credit platforms offer agility and growth in a fast-changing market.

Paysafe and Endava have joined forces in a multi-year partnership to revolutionise global digital payments using AI-driven technologies and expert services.

Financial firms are embracing AI with a focus on trust, using it to enhance customer service and support staff, not cut jobs, amid growing governance concerns.

Nearly 80% of financial firms have neglected to verify exit plans of cloud and SaaS providers, risking major disruption in their technology supply chains.

Kani Payments appoints Andrew Wingfield as Head of Strategic Solutions to enhance safeguarding features ahead of FCA's 2026 regulatory changes.

Carlo Nebuloni has been named General Manager UK at Fincons Group to lead growth and strengthen the firm's presence in the UK market since 2016.

Adclear secures GBP £2.1 million to expand its AI-powered platform that automates compliance for major UK financial institutions' marketing content.

Banks must adopt cloud technology to scale rapidly, cut costs by up to 40%, and meet rising customer and regulatory demands in a digital-first world.