Browsing Tag
banking
Retail and Banking Industries to Spend the Most on AI Solutions in the Next 5 Years, Finds IDC
The rise and adoption of AI is nothing short of magical. IDC’s new report forecasts that the global spending on Artificial Intelligence (AI) systems will soar from $85.3 billion in 2021 to over $204 billion by the year 2025. Also,…
Introducing IBM’s Latest On-Chip AI Processor – IBM Telum Processor
After 3 years in development, IBM announced the general availability of its upcoming novel IBM Telum Processor at the annual Hot Chips conference. This new on-chip hardware acceleration aims at addressing fraud in real-time and innovating across finance, banking, insurance…
74% of Firms to Keep or Raise Big Data & Analytics Solutions Investments by Next Year, Says IDC
According to IDC’s new research, the Asia/Pacific market will see Big Data and Analytics (BDA) solutions reaching $22.6 billion in 2020, a growth of 12% over 2019. IDC reported that the BDA market is likely to develop at a CAGR…
Solo.io Snags $23 Million; Releases a Secure Digital Banking Platform on Kubernetes
The API infrastructure company, Solo.io announced securing $23 million as an investment in its Series B financing round co-led by Redpoint Ventures and True Ventures. Additionally, Solo.io announced numerous updates, including allying with Crealogix, to deliver a secure digital banking…
