Finance stories - Page 5

Krenovator, a Malaysia-based AI tech talent platform, has secured seed funding from Ignite Asia to expand its reach across Southeast Asia and beyond.

Endava formalises its partnership with OpenAI, joining the Beta Services Partner Program to advance AI-driven business transformation globally.

Lattica exits stealth with $3.25m in funding to pioneer practical Fully Homomorphic Encryption for secure, cloud-based AI in sensitive sectors.

Tempo appoints Jenny Decker as new CFO, leveraging her 15+ years in SaaS to steer global finance and operations from San Francisco.

Oracle has revealed that major engineering firms including Black & Veatch and WSP Global are using its Fusion Cloud Applications to boost operational efficiency.

Kiteworks has unveiled its Private Data Network, designed to enhance security and compliance in sensitive data exchanges across digital channels.

A recent survey by Gartner indicates that only 37% of teams using traditional AI see productivity boosts, with generative AI trailing at 34%, sparking concerns among CFOs.

Hitachi Vantara has launched the Hitachi iQ M Series, a modular AI-ready infrastructure solution promising to optimise costs and boost efficiency in AI workloads.

DataSnipper has appointed Siu Wei Lee as Sales Director for Asia Pacific and Japan, strengthening its global expansion amid a £1 billion valuation.

PvX Partners has secured USD $3.8 million in seed funding from Play Ventures and General Catalyst to enhance growth in consumer and gaming apps.

Atturra has secured the acquisition of Project Delivery Services LLC, known as Kitepipe, for USD $3.15 million, enhancing its Boomi service capabilities.

DDoS attacks soared by 550% in 2024, primarily fuelled by geopolitical tensions and AI advancements, with the EMEA region bearing the brunt of incidents.

MongoDB has acquired Voyage AI, enhancing its data retrieval capabilities for AI applications, crucial for sectors like healthcare and finance.

Rayls has partnered with LayerZero to enhance cross-chain connectivity for financial institutions, aiming to integrate traditional finance with decentralised finance.

BlackLine has expanded its office in Bangalore, adding 50,000 square feet to improve customer support and drive product innovation in India.

DDoS attacks have surged by 82% in a year, with 165,000 incidents reported in 2024, driven largely by IoT devices and AI advancements.

A survey by eflow Global reveals 64% of finance executives see technology-driven risks, especially AI, as key compliance challenges for 2024.

Kroll's latest report reveals the healthcare sector was the most targeted by data breaches in 2024, accounting for 23% of all incidents, surpassing finance.

QuSecure has successfully raised USD $28 million in a Series A funding round aimed at bolstering its post-quantum cryptography solutions and client expansion.

AI agents are set to transform daily life across sectors, optimising everything from smart homes to personalised shopping, according to Raphael Allstadt.