Dmytro Spilka Director and Founder at Solvid, Coinprompter
Research predicted that hacks and data breaches will cost the global economy over $9.5 trillion by the end of 2024. This comes as fraud attempts and phishing attacks are increasing and getting more sophisticated, mainly due to the increase in online transactions. The payment industry facilitates the exchange of money for goods and services and i...
11 August 2024 /payments
Raktim Singh Senior Industry Principal at Infosys
Industry cloud platforms (ICP), distinct from general-purpose cloud platforms, are tailored to meet the unique needs of various sectors. Industry clouds are sets of cloud services, integration fabrics, products, and tools that offer sector-specific capabilities while being natively upgraded for cloud platforms and delivered at scale. Industry cl...
09 August 2024 /retail /cloud Technology for Social Good
Alex Kreger Founder & CEO at UXDA
The integration of AI into banking is poised to dramatically transform the industry within the next five years, driven by the breakthrough success of technologies like ChatGPT. This change is necessitated by the limitations inherent in human capabilities. As we gaze into the future, the disruptive potential of AI becomes evident, promising to revo...
09 August 2024 /ai /retail Innovation in Financial Services
Luke Allchin Director - North America at RFI Global
Retirement planning has always been a crucial aspect of financial health, but the approach to it has evolved significantly over the years. The generational divide in the US presents a fascinating landscape where Baby Boomers, Gen X, Millennials, and Gen Z each exhibit distinct attitudes and strategies toward retirement. Understanding these shifts ...
08 August 2024 /wealth /retail Banking
Steve Morgan Banking Industry Market Lead at Pegasystems
In today’s rapidly evolving financial landscape, cloud migration and the integration of advanced digital technologies are reshaping how banks operate. For example, many banks are moving their banking systems to cloud-based platforms and adopting technologies like machine learning and artificial intelligence (AI) to enhance customer service and str...
08 August 2024 /ai /cloud Artificial Intelligence
Sean Forward Business Manager - Digital Currency at ClearBank
Open Banking users just hit 10 million in the UK. Despite a slow start, adoption is steadily increasing, showing a reasonable rise in both users and transactions. But given its much-anticipated potential, shouldn’t we expect more? The cost-effective payment rails help balance out rising costs, and access to data to boost the consumer experience – ...
08 August 2024 /payments
Ashish Pandey Marketing Head at RichestSoft
Average app development costs in the UK range from £15,700 to £198,180+ ($20,000 to $250,000+). Basic apps cost £23,783 – £47,560, moderate apps £47,560 – £95,130, complex apps £95,130 – £158,550, and advanced apps £158,550 – £198,180+. Detailed Cost to Develop an App in UK Developing an app can be an exciting venture, but determining t...
07 August 2024 /startups Business Knowledge for IT
Susie MacKenzie Head of Legal and Regulatory Analysis at Corlytics
Growing focus on AI regulation The digitisation of society and industry continues to accelerate at an unprecedented rate. AI is opening the door to advances right across society, from healthcare to agriculture. Financial institutions are integrating and exploring AI models across the board, in areas such as cybersecurity, risk management and AML p...
06 August 2024 /ai /regulation
Brandon Spear CEO at TreviPay
In a growing digital economy, geographical boundaries aren’t a barrier anymore which intensifies competition. For companies ready to take on the challenge of global expansion, a powerful and secure e-commerce platform is essential. With 80% of B2B sales interactions projected to shift online by 2025, the race is on to streamline digital channels ...
06 August 2024 /payments /predictions Payments strategies 2015-2020-2030
How Much Does it Cost to Build an AI System? Building an AI system can be a transformative move for businesses. However, it involves various costs that can vary greatly depending on the type of business and the complexity of the AI system. As per my research and experience, I will break down the costs involved in building an AI system for dif
06 August 2024 /ai Artificial Intelligence
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