The growing landscape of cybersecurity threats in the software industry has made robust and proactive security solutions indispensable. A recent key player in this space, Socket, has received a significant boost with $40 million in Series B funding. This article delves into how this injection of
Bank of America's significant advancements in artificial intelligence (AI) and machine learning (ML) within the financial services sector spotlight its technological leadership, evidenced by a 94% increase in its AI and ML patent portfolio since 2022. With 1,100 patents and applications, over
NBS Bank, a major financial institution in Malawi, recently made headlines by announcing its transition from the Temenos T24 core banking system to Oracle's Flexcube. This decision marks a significant technological shift for the bank, aligning with broader global trends in the banking
Nasdaq has unveiled a groundbreaking machine learning methodology specifically designed to revolutionize risk calculations and predictive analytics within the financial services industry. Integrated into the Calypso platform, this innovative technology promises to enhance the processing of complex
Standard Chartered has recently made significant strides in sustainable finance by launching new variants of their Bonded Bulk Trading Loans (BBTL). This initiative marks a pivotal moment in the bank's efforts to incorporate environmental, social, and governance (ESG) criteria into their trade
The finance sector has undergone a profound transformation due to the rapid advancements in technology over recent years. Emerging technologies like automation, artificial intelligence (AI), and blockchain are continually reshaping traditional financial practices, rendering them more efficient and
