The global artificial intelligence (AI) market is predicted to reach $267 billion by 2027. But concerns have been raised about whether these advancements could replace humans in jobs as technology is being used to simulate human intelligence processes.

HCL Technologies UK Limited, a wholly owned subsidiary of HCL Technologies (HCL), a leading global technology company, has signed a definitive agreement for the acquisition of Confinale AG, a Switzerland-based digital banking and wealth management consulting specialist and Avaloq Premium Implementation Partner. Through this strategic acquisition, HCL will increase its footprint in the global wealth management market with emphasis on Avaloq consulting, implementation and management capabilities.

Financial technology provider, Iress, today announced continued success with its client Kepler Cheuvreux, as it helped the leading independent European financial services company to further optimise trading outcomes. 

Kepler Cheuvreux ranks 10th in the world for trading, is present in 13 major financial centres in Europe and the US and serves 1200 institutional clients around the world. Today, Iress is Kepler Cheuvreux’s unique market data provider for all front-office applications.

Red Hat, Inc., the world's leading provider of open source solutions, today announced that electrical training ALLIANCE (ETA) has overhauled its IT infrastructure for the cloud with Red Hat OpenShift API Management, resulting in an upgraded training experience for electricians.

AQRU plc, an incubator specialising in decentralised finance (DeFi),  announces today that its wholly owned subsidiary, Accru Finance Ltd., has surpassed US$50 million in  assets under management and 20,000 user signups on its proprietary yield-generating platform,  AQRU.io. The milestone was achieved only five months since the platform’s launch and 39 days after  the company announced that it reached around US$20 million (£16.5 million) in assets under  management. 

Pioneering European blockchain start-up Nous Systems is pleased to announce the successful launch of its decentralised investment platform Nous Fund, which is now live on the Polygon Network. As the world`s first, decentralised hedge fund built using blockchain technology, Nous Fund allows investors to mint their own non-fungible contracts and participate directly in Nous’ on-chain decentralised asset management vehicle on the Ethereum-based Polygon platform.  

Kickstart, one of Europe's leading platforms for open innovation, has supported over 400 later-stage startups from over 80 countries, facilitating over 200 deals in the form of collaborations and commercial partnerships. So far, Kickstart alumni have collectively raised investments of more than CHF 2 billion, for example Planted, Cord, Keyless and Huma.

Enterprise Nation and Mastercard have announced the launch of the Enterprise Nation: Make a Plan app, supported by Strive UK, to help micro and small businesses (MSEs) access free guidance, tools and support from their phone.

SC Ventures, Standard Chartered's innovation, fintech investment and ventures arm, announced that it had entered into a memorandum of understanding (MOU) with SBI Holdings, Inc to expand their portfolio, both at a business and geographic level, and to explore new ecosystems through this partnership.

BankiFi, a Manchester-based banking technology platform provider, has announced its partnership with leading Fintech communications specialist, SkyParlour.