Oracle has extended the artificial intelligence (AI) capabilities within Oracle Enterprise Resource Planning (ERP) Cloud and Oracle Enterprise Performance Management (EPM) Cloud. The latest machine learning-based innovations include an expense reporting assistant, project management digital assistant, advanced financial controls and project-driven supply chain management. Read more »
Private UK based artificial intelligence pioneer, Massive Analytic Limited, has won a Defence and Security Accelerator (DASA) competition to investigate the application of its patented leading edge AI technology, Artificial Precognition, to identify new ways to enable defence and security forces to effectively conduct electromagnetic (EM) operations across multiple domains. Read more »
As the threat landscape continues to evolve rapidly, it now includes increasingly sophisticated, zero-day malware that traditional security approaches can no longer keep pace with. As a result, security researchers estimate that the cost of cybercrime will outpace security spend by over 16X, reaching $2.1 trillion by the end of 2019. Staying ahead of today’s accelerated cybercrime trends requires adding artificial intelligence (AI) to an... more Read more »
Asia’s security industry is once again beginning to shift its attention towards Taipei, as preparations continue ahead of the 22nd edition of Secutech. As anticipation continues to build, the fair’s organisers have announced details of six pavilions that will allow buyers to easily locate high quality products as well as the most relevant OEM and ODM partners for their businesses. Read more »
The IA’s fintech innovation hub and accelerator, Velocity, and Brussels-based fintech ecosystem B-Hive have signed a partnership designed to boost fintech innovation across the asset management industry by promoting pan-European collaboration. The partnership signed by Fabian Vandenreydt, Executive Chairman, B-Hive and Peter Harrison, Chair of the IA Board, signals a commitment to a closer relationship between the two organisations with the aim... more Read more »
Al Taif Islamic Bank has chosen Fusion Islamic, Finastra’s core banking solution dedicated to the Islamic market, to kick start its retail business. The move will provide the new challenger bank’s customers with a consistent and user-friendly experience in branch and across all digital channels, whilst complying with Shari’ah requirements. Read more »
A report released today from venture capital firm MMC Ventures, in association with Barclays, shows that one in 12 new startups in Europe is an AI company – compared with just one in 50 in 2013. The report – State of AI 2019: Divergence – provides unique insight into the proliferation of AI, Europe’s 1,600 AI entrepreneurs, and AI’s implications for society. Read more »
OC&C Strategy Consultants has surveyed 400 C-suite executives and thought leaders across the US and UK, including 80 deep-dive interviews to better understand how AI is shaping business. Key findings Read more »
SingularityNET, the pioneering platform for the creation, sharing and monetization of AI services has today announced the launch of its BETA version on the Ethereum blockchain. The launch follows two initial stress testing sessions by the community and volunteers during February. Read more »
EBO.ai, the artificial intelligence company, has today announced the opening of its new UK office. EBO.ai, initially founded in Malta is now opening its doors to the UK market as it looks to rapidly scale up its operations. Read more »
Various national government initiatives, mandating E-Invoicing and realtime tax controls, pose a big challenge for many corporates within their future digitization strategy. However, innovative technologies such as blockchain, robotic process automation (RPA) and artificial intelligence (AI) are at the ready to provide completely new perspectives for the whole E-Invoicing sector. Read more »
Rabbet, a leading intelligent construction finance platform, announced today it has closed an $8 million Series A round backed by Goldman Sachs’ Principal Strategic Investments group, QED Investors and Camber Creek. Rabbet brings efficiency, accuracy and visibility to the complex construction finance industry. The platform uses machine learning to parse documents and connect information for reduced administrative burden, instant compliance and... more Read more »
Insurance carriers are busy building organization-wide strategies to create innovative products, leverage technology effectively and deliver real customer value – something that takes a lot of time, effort and inspiration. According to a 2018 survey of more than 400 insurance executives conducted by Insurance Nexus, 77% of North American carriers invested in AI and machine learning in 2018 (an increase on 70% the previous year), with 85%... more Read more »
New research by Maistro, the AI-driven B2B marketplace for services, has revealed that over half of UK companies (57%) think that upgrading their IT systems is a vital factor for improving efficiency and achieving their short term business objectives. By comparison, only 37% of businesses based in Switzerland and 42% in France agreed when asked the same question, indicating that the UK feels it has further to go than its European counterparts... more Read more »
