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Artificial Intelligence and Financial Services
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Iain Swaine Director EMEA, Global Advisory at BioCatch
Nearly 70% of the 600 fraud-management, anti-money laundering, and risk and compliance officials surveyed in BioCatch's first-ever AI-focused fraud and financial crime report say criminals are more adept at using artificial intelligence to commit financial crime than banks are at using the technology to stop it. Equally concerning, around half of ...
25 April 2024 /regulation /crime
Benjamin Avraham Founder & CEO at Okoora
With a turnover of more than $7 trillion per day, the global foreign exchange market provides a challenging backdrop for businesses engaged in international trade. This is a highly volatile environment, with currency prices fluctuating based on factors such as geopolitics, major world events, and the macroeconomic health of the countries whose cu...
25 April 2024 /payments /startups
Roman Eloshvili Founder and CEO at XData Group
Banks are becoming outdated today, especially with the rapid rise of the fintech sector that aims to provide a more efficient, cheaper, and user-centric alternative to conventional financial services. Based on Statista’s data, neobanks in Europe had an 11.1% market share in the banking industry, while their US-based counterparts accounted for 15....
22 April 2024 /payments /retail
Eldad Tamir Founder and CEO at FINQ
In the rapidly evolving stock market, the clarity and insights provided by data analytics have transformed investment strategies. This advancement offers investors a new level of understanding, turning the complexities of the market into opportunities for strategic investment. Understanding data analytics Data analytics has revolutionized the way...
21 April 2024 /startups /markets
The financial landscape is constantly evolving, driven by technological progress and an ever-growing influx of information. This shift highlights the crucial role of real-time market data in making informed investment decisions. Access to up-to-the-minute market information provides investors with a competitive advantage, enabling them to respond ...
07 April 2024 /startups /markets
Catherine Sierra Espinosa Project Manager - Digital Financial Services at NTT DATA EMEAL
Throughout history, radical new ideas have always been the catalyst for profound change. From a technology perspective, the events that have shaped the world the most are the invention of an innovative new solution. In the early 1980s, the launch of the internet and the ensuing era of big data changed the state of play for global business forever. ...
05 April 2024 /retail
Understanding your investment time horizon—the period you plan to hold an investment—is crucial. This timeframe varies among investors, shaped by their goals, circumstances, and strategies. Long-term investing, often associated with retirement savings, focuses on retaining assets to capitalize on their potential long-term growth. It contrasts with ...
31 March 2024 /startups /markets
Chris George Vice President Product at CI&T
Today, around 46 million UK adults (86% of the country’s adult population) use a form of online or remote banking. As branches and physical are phased out, banks must now differentiate themselves through a strong digital customer experience. Here, AI technology looks set to form a key part of the future. Research from The Economist found that “77%...
26 March 2024
Short-selling, often wrapped in controversy and skepticism, emerges as a strategic maneuver in the investment world, offering a counterintuitive approach to profiting from declining stock prices. This method, while perceived with caution, holds a significant place in financial markets, facilitating liquidity, aiding price correction, and providing...
24 March 2024 /startups /markets
Steve Morgan Banking Industry Market Lead at Pegasystems
As we steam ahead into 2024, while banks experiment with generative AI, they also need to be aware of how regulators will scrutinise how they use AI. Of specific concern is how the impact of the EU’s AI Act on banks’ AI ambitions will become much clearer over the coming months. The EU AI Act, which will become enforceable during 2025, is the wor...
15 March 2024 /regulation
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