Tagged: digital transformation

Deloitte Shares Insights on Navigating AI enabled Digital Transformation of Business Environment

Deloitte has released seemingly pivotal surveys highlighting critical challenges for family-owned enterprises and corporate strategy leaders. These reports underscore the tensions between long-term planning and immediate pressures, offering key insights for executives aiming to build resilient organizations in an increasingly digital and AI enabled environment…. Read More

Payments Canada Announces Integration of ISO 20022 Messaging Standard into High-Value Payment Platform

Payments Canada has completed the full integration of the ISO 20022 messaging standard into its high-value payment platform, Lynx. Launched in 2021 as a successor to the outdated Large Value Transfer System, Lynx represents a cornerstone of the organization’s broader efforts to enhance payment efficiency… Read More

Gen Z Workers Face Hiring Squeeze as Older Generations Remain in Jobs for Longer Timeframes : Analysis

Younger Gen Z professionals are encountering heightened obstacles when seeking entry-level positions. Recent insights from The Washington Post highlight a growing preference among employers for seasoned workers, sidelining fresh graduates and early-career individuals. This trend is backed by data from Revelio, a workforce analytics company,… Read More

AI-Driven Digital Transformation Threatens Thousands of Banking Jobs in Europe According to Morgan Stanley

In a seemingly stark and recent forecast for the financial sector, Morgan Stanley (NYSE:MS) anticipates that Europe’s banks could shed more than 200,000 positions by 2030. This projection stems from an industry-wide shift toward artificial intelligence and digital operations, which promises significant efficiencies but at… Read More

Mexico Focuses on Digital Transformation Initiatives to Overhaul Tax System, Report Reveals

In recent years, Mexico has embraced digital transformation initiatives in order to overhaul its tax system, introducing measures that enable instantaneous oversight of transactions. This evolution mandates that major online platforms report sales data directly to the country’s Tax Administration Service (SAT) without delay. Companies… Read More

Moneyhash, Mastercard Partner to Expand Access to Merchant focused Solutions, Boosting Payments Capabilities

Moneyhash is collaborating with Mastercard (NYSE: MA) to expand merchant access to its Merchant Cloud platform across the MEA region. By connecting to Mastercard’s Gateway through a unified API, merchants can simplify integration, “streamline operations and enhance payment performance across markets.” Mastercard’s Gateway, a part… Read More

AI Is Enabling Digital Transformation of Finance and Key Business Processes : Analysis

Artificial intelligence (AI) is now becoming a key driver in accounting and is also said to be noticeably changing processes. Over half of companies (53 percent) currently use AI in this area or are “in the process of implementing it.” This is shown by the… Read More

Bank of America’s AI-Powered CashPro Chat and Transaction Search Capabilities Increasingly Being Used by Corporations

Bank of America (NYSE: BAC) has recently announced “record-breaking” adoption of its AI-powered CashPro Chat and transaction search capabilities as corporate clients “increasingly turn to real-time insights” as well as operational efficiency in treasury management. CashPro is described as the banking platform used by companies… Read More

ClearBank to Join Circle’s Payments Network to Enable Frictionless Finance

ClearBank, the technology-powered clearing bank, announced that it has signed a framework agreement with a subsidiary of Circle Internet Group, Inc. (NYSE: CRCL), a financial technology firm and stablecoin market participant, to collaborate on a various initiatives in the European market. At first, this collab… Read More

German CEOs to Focus on AI and Acquisitions to Cope with Economic Challenges : Research

KPMG noted that the overall sentiment in German boardrooms continues to get worse: around 72 percent of CEOs in the leading European economy still expect growth for their firm in the next 3 years – which is a low compared to 77 percent reported in… Read More

Insurance Industry Under Pressure to Boost Operational Efficiency and Improve Agility : Research

The insurance sector is said to be undergoing a significant transformation. KPMG Ireland noted that as market dynamics continue to shift and new challenges present themselves, insurance industry professionals are under mounting pressure to improve agility, boost operational efficiency, and provide considerable cost reductions. KPMG… Read More

Accenture and AWS Enable AI-Powered Digital Transformation and Cloud Modernization for Public Service Organizations

Accenture (NYSE: ACN) has recently announced an expansion of its collaboration with Amazon Web Services (AWS) to deliver transformative digital services to public sector, defense and national security organizations. Via the Accenture AWS Business Group, the firms will now collaborate to create solutions that use… Read More

LSEG Enables Digital Transformation via Integration with Databricks and New Digital Platform for Private Funds

The London Stock Exchange Group (LSEG) has been focused on positioning itself at the forefront of digital transformation. Over the past week, the company unveiled several new initiatives: a collaboration with Databricks to streamline AI-driven analytics and the debut of a blockchain-powered infrastructure for private… Read More

Qatar Development Bank Enables Digital Transformation with IBM Solutions

Qatar Development Bank (QDB) has positioned itself as a key player in digital banking by modernizing its IT infrastructure through a partnership with IBM. Established back in 1997, QDB is considered to be a key part of Qatar’s economic diversification, dedicated to empowering small and… Read More

Rising Online Threats and Global Crackdowns: Kaspersky Shares Insights on Exploits, Ransomware, Cybersecurity Initiatives

In an increasingly digital environment, cyber threats are evolving at an alarming pace, targeting vulnerabilities across platforms and regions. Kaspersky, a global enabler of cybersecurity, has recently released reports highlighting a surge in exploits affecting Linux and Windows users, the resurgence of the Russian-speaking ransomware… Read More

Accenture Aims to Strengthen AI and Digital Transformation Capabilities with Acquisitions of NeuraFlash and SI&C

In a move to strengthen its position as a global enabler of digital transformation and artificial intelligence, Accenture (NYSE: ACN) announced two significant acquisitions: NeuraFlash, a Salesforce and generative AI consulting firm, and SI&C Co., Ltd., a Tokyo-based provider of advanced digital technology and consulting… Read More

Bank of Ireland to Support Green Initiatives, Combat Financial Crime, Align with Changing Consumer Behavior

Bank of Ireland has recently announced a series of initiatives that underscore its commitment to sustainability, fraud prevention, and adapting to modern banking trends. These updates reflect the bank’s strategic focus on supporting green initiatives, combating financial crime, and aligning with changing consumer behaviors. From… Read More

Payments Canada Remains Focused on Enhancing National Payment Infrastructure with the Real-Time Rail (RTR)

Canada’s payment ecosystem is undergoing a significant shift, driven by Payments Canada’s ongoing modernization efforts. At the core of this transformation is the Real-Time Rail (RTR), a new national payment infrastructure set to enable instantaneous, data-rich transactions 24/7. Coupled with the adoption of the ISO… Read More

US, UAE, Germany Continue to Attract Digital Professionals with Focus on AI Expertise, Report Reveals

In an era where digital transformation drives economic and technological breakthroughs, the question of where the world’s most qualified web and tech talent will gravitate is becoming critical. A report from Boston Consulting Group (BCG) dives into the global competition for highly skilled digital professionals,… Read More

Innovation Norway Selects Knowit and Mambu to Enhance Core Banking Tech

Innovation Norway has selected Knowit and Mambu to modernise its core banking platform, marking a significant milestone in the digital transformation of public financial services. The solution, powered by Mambu’s cloud-native technology and seamlessly integrated “into the Norwegian financial systems by Knowit, will optimize Innovation Norway’s loan, grant, and guarantee… Read More

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