Security challenge for the healthcare industry
According to the 2020 IBM Cost of a Data Breach Report, the monetary cost of recovering from a cyberattack is significantly higher for healthcare organisations. The price tag increased by 10% between 2019 and 2020. It is around $7.13 million. But more concerning than monetary losses is the human cost. In the November of 2020, German […]
Azerion set to become European digital power
Azerion is the fast-growing digital entertainment and media platform. They have announced that the acquisition of leading multi-screen, high-impact digital advertising company, Inskin Media. This integration into the Azerion platform serves the company’s ambitions to become the leading European digital entertainment and media platform. The expertise of Inskin Media will give Azerion’s clients access to a wider […]
Demystifying AI for AML
The United Nations Office on Drugs and Crime estimated that US$800 billion to $2 trillion is laundered through worldwide financial systems. That’s an astonishing 2-5% of global GDP. The European Banking Federation (EBF) uniting 32 national banking associations in Europe, representing 5,981 banks with roughly 2.6 million employees. EBF CEO Wim Mijs stated that rapidly […]
Asian tech shares jump, China property stocks rally
Tech stocks climbed in Asia, following U.S. peers higher. The Chinese property stocks rallied following a surprise interest payment by debt-ridden property developer China Evergrande Group. Also, the cyclical stocks dragged amid worries that central bankers will need to tighten monetary policy into slowing growth in order to tackle persistent inflation. Regional bond yields rose with […]
Swedbank profit tops forecast
Swedish bank Swedbank reported better-than-expected net profit for the third quarter on the back of continued strong growth for mortgages and record commission income. Nordic economies have rebounded sharply this year. This is because of the Sweden back above pre-pandemic levels, by stoking consumer spending and demand for financial services and lifting shares in the region’s banking stocks. […]
Vinci’s quarterly sales rise above pre-Covid levels
French infrastructure group Vinci posted third-quarter sales that surpassed pre-pandemic levels. Europe’s biggest construction and concessions firm posted quarterly sales up 7.8%. This is in line with analysts’ forecasts and exceeding the 13.13 billion euros it generated in 2019. Vinci has benefited from several large construction works. But labor shortages and high raw material costs […]