Banking stories - Page 27

AI-driven roles in US and European banks show robust growth, doubling overall headcount growth despite job cuts, according to Evident report.

Research by Encompass Corporation reveals that 87% of corporate treasurers in the UK and US abandon banking applications due to outdated onboarding processes.

AI talent has grown by 9% in the world's biggest banks over the last six months, led by a recruitment drive towards AI implementation.

New research by Kore.ai shows a shift towards AI-driven solutions in customer service, with agents prioritising AI tech over fair pay, and consumers applauding AI's precision and reliability.

Check Point's 2024 Cloud Security Report reveals a dramatic 154% rise in cloud security incidents in a single year amid escalating cyber threats, showing an urgent need for AI-driven security solutions.

Payments provider Volopa collaborates with Microsoft Dynamics 365, enhancing its expense management tools, building on partnerships earlier this year with ClearBank and Yapily.

Outpayce, fintech arm of Amadeus, is licensed by the Bank of Spain to offer regulated payment services and issue prepaid virtual cards, consolidating its position in Spain's e-money market.

New Relic's fourth annual State of the Java Ecosystem report reveals latest trends in Java development and adoption, highlighting significant growth in Java 21's uptake and shifts in preferred Java Developer Kits.

AI-driven disruption induces pivotal alterations within data and analytics operations across 61% of businesses, as revealed by Gartner's global CDAO survey.

Despite budget cuts, a new survey reveals worries among UK c-suite executives over their firms' anti-money laundering procedures, with 49% partially confident in their compliance.

On its 31st anniversary, concerns plague the World Wide Web's transition to Web 3.0 and the metaverse, with businesses citing chaotic internet conditions as a key barrier.

UK business leaders are meeting resistance to new technology across all generational workforces, reveals a survey by Seismic, a global enablement tech provider.

Innovative analytics and AI company, SAS, led by Chris Schaub, is revolutionising risk management and compliance practices in Australia and New Zealand.

Xerocon London's first-timers' guide provides essential insights to prepare for the thrilling atmosphere of the event, which will alter one's perspective on accounting.

Chatbot market set to surge, projecting USD $4.9 billion growth by 2033, fuelled by customer engagement focus and widespread industrial adoption.

Global open banking leader, Ozone API, has formed a strategic partnership with Thistle Initiatives to help financial institutions achieve compliance with the forthcoming Third Payment Services Directive (PSD3).

Spirent Communications joins forces with an online payments platform to enhance cyber defenses using its advanced CyberFlood software, aimed at improving the scalability and efficacy of network defenses.

Cogo partners with AI-firm Personetics, pioneering climate-conscious banking by aiding customers in understanding and managing their carbon footprints based on their spending habits.

Luke Trayfoot, former PayPal and MangoPay executive, takes on role as Chief Commercial Officer at Brite Payments, heading the effort to expand their real-time bank-to-bank payment solutions across Europe.

The banking industry is seeing a significant acceleration in AI innovation, with a rise in new patents and research publications.