AI role in customer experience in banking
The concept of banking first sprung up around 8000 BC. Then, there came various drastic changes to expand their services and innovate their business models. Artificial Intelligence (AI) and Machine Learning (ML) are applied to help banks and financial institutions nowadays. A survey by the Economist Intelligence Unit (EIU) showed that 77% of banking executives believe […]
Amazon to offer insurance to UK businesses
The technology giant’s first foray into business insurance in the country, broker Superscript said that Amazon is going to start offering insurance to small and medium-sized UK business customers. Members of Amazon’s Business Prime program will be able to buy cover from superscript such as contents insurance, cyber insurance and professional indemnity insurance. Superscript spokesperson […]
In NFT fantasy soccer game, SoftBank leads funding
Blockchain-based fantasy soccer game Sorare has raised $680 million. This is through a funding round, which is led by SoftBank. According to the company, it includes players such as ex-England international Rio Ferdinand and Spain’s Gerard Pique. Paris-based Sorare said that the investment valued the company at $4.3 billion. Sorare is an online game, since […]
Mobility in T&L sector will be improved by effective integration
Many global industry leaders believes that mobile-first technologies will be critical to the delivery process in the next five years. To keep their expansion plans on track, the focus for transportation and logistics (T&L) organisations needs to be on integration of new and existing systems. A recent global research report by SOTI, interviewed 550 IT […]
Big Tech cloud services could face resilience test
Amazon, Google and other tech companies providing cloud computing to banks in Britain. A senior Bank of England official said that, this may have to comply with minimum resilience standards and testing. The BoE, along with regulators in Europe and the United States, is worried about the reliance of banks of Big Tech firms for cloud computing. This is […]
Collaboration of Key Sight and Media Tek
Keysight Technologies is a leading technology company which is delivering advanced design and validation solutions. This is to help accelerate innovation to connect and secure the world. They made an announcement that it has collaborated with MediaTek, with the aim of achieving 6Gbps data throughput speeds by aggregating three 5G new radio (NR) carriers (3CC […]
Wealth Management industry to gain from AI
Wealth management sector of UK is experiencing a significant growth in recent years. They are handling around £948bn of assets, which are equivalent to about 46% of the UK GDP. The financial institutions and wealth management firms are looking to be early adopters of the latest AI technologies. Wealth management is a data-rich industry, in […]
AI and machine learning against money launderers
Australia’s banks process more than 13 billion cashless transactions over every year. This indicates that, more than 35 million transactions every single day is being made. Within this the criminals hide illegal transactions and launder money by concealing their activities. Similar to how cyber attackers, money launderers are nowadays exploiting the sheer volume of transactions […]
Monopolization of cloud market will hinder chances of tackling environment issues
By 2025, the technology sector will consume as much as 20% of the world’s total electricity. This is according to Greenpeace. That represents a 7% rise on the amount it currently accounts for. The same report also states that cloud computing, more specifically, the data centres that the cloud essentially relies on. This is a particularly pertinent […]
Leveraging SaaS partners to enhance the value for your customers and business
Insurance and financial services are facing a period of intense and sustained transformation. A barrage of needs and wants from customers, shareholders, competitors, regulators and employees is putting a lot of pressure on companies. This pressure is to transform at many levels. Companies are scrambling to modernize their infrastructure and their products. The level that […]