The Robotic Process Automation (RPA) market is witnessing unprecedented growth across the globe, with a valuation of USD 2.24 billion in 2023. This market, characterized by the automation of repetitive tasks using software robots, is forecasted to expand at a compound annual growth rate (CAGR) of 38.53% from 2024 to 2030. By 2030, the market is anticipated to reach around
In an era where businesses operate across multiple markets with complex financial demands, traditional banking systems can no longer meet the expectations for quick and efficient payment solutions. As companies increasingly seek instantaneous and cost-effective ways to manage their funds, OpenPayd steps in with its revolutionary approach to embedded finance and Banking-as-a-Service (BaaS). Head of Banking and Payments Infrastructure, Barry
The UK Chancellor of the Exchequer, Rachel Jane Reeves, recently gathered leading Fintech CEOs to discuss the potential of blockchain technology in modernizing the country’s gilt market. This strategic conversation, driven by the initiative known as the Digital Gilt Instrument (DIGIT), aims to fundamentally change the way government bonds are issued and managed. As of December, the UK’s outstanding gilts,
In an era where the landscape of investments is continuously evolving, private market investments have largely remained fragmented and complex. This complexity has historically hindered many investors from participating, leaving a significant portion of the market untapped. The partnership between Yooro and Tokeny aims to revolutionize this space by introducing a seamless and compliant solution for the issuance, management, and
The banking sector stands at the crossroads of dynamic transformation, driven by the rapid advancements in artificial intelligence. As institutions rush to adopt cutting-edge technologies to enhance client experiences and streamline operations, the balance between cultivating an optimistic narrative and confronting stark realities becomes critical. This duality raises the question: should banks and fintech firms paint an inspiring, upbeat picture
The dynamics of the financial landscape in the UK are evolving at an unprecedented pace, marking a significant shift in consumer behavior and preferences. With nearly three in four Britons now favoring Buy Now, Pay Later (BNPL) services over traditional credit cards, the choice for flexible, interest-free payment options is clear. This trend was underscored by a comprehensive study conducted
The UK’s Competition and Markets Authority (CMA) might soon be launching an investigation into the cloud businesses of Amazon Web Services (AWS) and Microsoft. This potential examination stems from recommendations by an independent inquiry group that monitors competition within the UK’s cloud services market. Their findings shed light on the competitive landscape and potential regulatory challenges. Strategic Market Status and
The rapid advancement of artificial intelligence (AI) has brought about significant developments but also various challenges related to intellectual property (IP). In recent news, DeepSeek, a Chinese AI startup, has been under intense scrutiny from both Microsoft and OpenAI for potentially using OpenAI’s technology to develop its groundbreaking R1 model. Despite these concerns, Microsoft has incorporated DeepSeek’s R1 model into
Dominic Jainy is an IT professional well-versed in artificial intelligence, machine learning, and blockchain. With a keen interest in applying these technologies across various industries, Dominic is here to discuss the transformative potential of agentic AI in the field of data science. Can you define what agentic AI is and how it is different from traditional AI? Agentic AI is
Southeast Asia is determined not to lag behind as countries around the world rapidly advance toward deploying 6G, the next generation of wireless technology. This comprehensive analysis delves into the region’s concerted efforts, numerous challenges, and key strategic focuses within the evolving 6G space. The issue is especially relevant given the significant disparity in connectivity across Southeast Asia’s nations and
The telecommunications industry in Europe is undergoing a remarkable transformation driven by advancements in technology and strategic initiatives prioritizing sustainability. Major companies like Vodafone, Ericsson, Virgin Media O2, and Deutsche Telekom are leading this change, leveraging AI, machine learning, and advanced network solutions to enhance efficiency, improve service quality, and promote inclusivity. Strategic Collaborations Yield Energy Savings Vodafone and Ericsson’s
Ransomware attacks have become a significant threat to organizations worldwide, highlighting the urgent need for effective crisis management strategies. One illustrative case is the Royal Mail incident in January 2023, where operations faced severe disruptions, and the ransom note was publicly exposed. In response to this chaos, Royal Mail hired a ransomware negotiator, underscoring the growing recognition of negotiators’ crucial
