Technology giants IBM and Microsoft have partnered with NASSCOM to bring the power of artificial intelligence (AI) to the banking and financial sector at GIFT City. This collaboration is expected to revolutionize the way financial institutions operate and serve their customers. GIFT City, located in Gujarat, India, is already known as a hub for financial … Read more
IBM is set to create an artificial intelligence (AI) cluster for banking, financial services, and insurance units in GIFT City, Gujarat. The cluster will allow BFSI units to experiment with AI, scale it up, and develop AI capabilities for themselves. The CEO of IBM, Sandip Patel, stated that providing a technical platform, expertise, and capabilities … Read more
“Recently, Mashreq Bank announced that they will be implementing Oracle’s Core Banking System across all their global operations. This move is part of their ongoing efforts to enhance their digital capabilities and provide better services to their customers. The new system is expected to streamline processes, improve efficiency, and ultimately, drive business growth for the … Read more
Nvidia CEO Jensen Huang briefly saw his company surpass Microsoft as the most valuable in the world with a valuation of $3.34 trillion, although it has since fallen back. Nvidia’s success is tied to generative AI, with its GPUs in high demand from tech giants for AI model training. The company’s recent record revenue growth … Read more
A recent survey conducted by IBM’s Institute for Business Value revealed that the majority of banking and financial markets CEOs are recognizing the potential benefits of artificial intelligence and automation. Two-thirds of the CEOs surveyed expressed that the productivity gains from AI and automation are so significant that they are willing to accept the risks … Read more
The recent study conducted by IBM’s Institute for Business Value highlights the challenges faced by CEOs in the banking and financial markets sector as they strive to implement generative AI in their organizations. With insights gathered from over 3,000 CEOs across various industries and countries, including 297 from the BFM sector, the report reveals that … Read more
A recent survey conducted by the IBM Institute for Business Value revealed that banking and financial markets CEOs are facing workplace and cultural challenges as they strive to implement and scale generative artificial intelligence (AI) across their organizations. The survey, which polled 3,000 CEOs, highlighted that 57% of banking and financial markets CEOs believe that … Read more
A new banking trojan targeting Google Android devices, known as “Antidot,” has been identified by the Cyble research team. This malware poses as a fake Google Play update, displaying pages in various languages to target users in different regions. Antidot utilizes overlay attacks and keylogging techniques to gather sensitive information like login credentials effectively. Rupali … Read more
Banking software company Temenos has appointed Jean-Pierre Brulard as CEO, effective May 1. Brulard will succeed Andreas Andreades, who will retire from the company, Temenos said in a Tuesday (April 23) press release. Brulard was most recently with VMWare, a $61 billion U.S.-listed cloud computing and virtualization software company, according to the release. He was … Read more
Here are some of the most notable stock movers in Thursday’s trading action: Stock gainers: Netflix Inc. shares NFLX, -2.68% rallied 12% after the streaming giant announced a spike in subscribers, and hiked prices on some plans, effective immediately Source link