Risk and finance industry still see cloud as a concern, notes Gartner

Even the slowest industries are moving workloads to the cloud – take risk, audit and finance as an example. Yet there is still plenty more to be done before these verticals become truly comfortable. That’s according to the latest report from analyst firm Gartner. In the company’s most recent Emerging Risks study, cloud computing remains … Read more

Use Cases and Trends in Artificial Intelligence for Financial Services

Artificial intelligence (AI) is everywhere these days as more companies look to automate repetitive tasks to save money and reallocate staff to more meaningful work. We wanted to explore some of the current use cases for AI based technologies in financial services and where the industry is heading in the coming years. Cut through the … Read more

Iran Steps Up Plan for National Crypto After US Sanctions

Right after Washington’s move to impose sanctions that will restrict Iran’s access to US currency, reports came out that Tehran is speeding up the project to develop a national cryptocurrency. Officials in the Islamic Republic believe the state-issued coin could help circumvent the restrictions imposed by the Trump administration. Also read: New Bill Proposes 5% … Read more

Singapore Provides ‘Springboard’ To Asian Markets For FinTech

Singapore’s FinTech scene is booming: Funding for the burgeoning sector in the island country topped nearly a billion dollars in 2017, reaching $983.6 million that year. Hong Kong, by comparison, saw $596.8 million in funding for FinTechs at the time. Singapore overtook Hong Kong in FinTech funding in 2016. In that year, Singapore pulled ahead … Read more

IDG Contributor Network: When big data and cybersecurity collide

The rise of big data and the evolution of cybersecurity are intertwined in important ways. Understanding how they relate can help companies better determine what capabilities they must develop or acquire in order to take full advantage of the data they have, and at the same time keep that data safe. Growth and democratization Data … Read more

AI, Security And Loosened Rules: How The US Wants To Boost FinTech

Loosening federal regulations, enacting national data breach protections and drafting “model laws” at the state level to reduce overlapping red tape, could help promote FinTech in the United States, according to report released Tuesday (July 31) by the U.S. Treasury Department. The report arrives at a time of growing optimism for U.S. financial technology efforts. … Read more