Tag: IBM

Artificial Intelligence (AI) start-up Hugging Face has secured $235m in a Series D funding round, that featured numerous tech giants.

The financial market is going through a rough patch. The rising cost of living, soaring inflation rates, war in Ukraine and the post-pandemic environment is having a major impact on businesses and individuals. Companies are starting to feel the pinch and the FinTech sector is among them. However, how bad is it for FinTechs?

A study by IBM Security has found that the global average cost of a data breach has hit a new high of $4.35m.

Communication monitoring platform Cognitive View has joined the IBM Cloud for Financial Services, which is filled with over 125 global systems integrators, independent software vendors, SaaS providers, and FinTechs.

Saudi Arabia’s only financial payments company Saudi Payments (SP) has introduced ‘sarie’ – an instant payments system – in collaboration with IBM and Mastercard.

Dublin-based We.Trade, which offers a blockchain-enabled trade finance platform, has reportedly collected €5.5m in funding.

Payment aggregator and sales app KodyPay has secured £1.8m in a new funding round.

While the average cost of a data breach in Canada has increased by 6.7% in the last year, companies have become faster at spotting them.

AI-powered compliance company Ascent has partnered with IBM, which will see the RegTech integrate its solutions in an effort to help financial institutions keep abreast of ever-changing regulatory requirements.

The coronavirus forced many to work remotely for the first time in their careers, but few had any cybersecurity training to rely on to keep themselves safe, according to new research.