Category: business intelligence

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Few UK firms are cyber insured despite financial losses

More than one-fifth of UK firms have been impacted financially by cyber attacks, yet potentially more than three-quarters of companies polled have never been insured for cyber-related losses  Some 22% of UK businesses have suffered a cyber attack that has cost them financially, according to a survey of more than 1,000 senior decision-makers from UK…
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8th July 2019 0

Technology Overtakes Regulation as Key Driver of Change in Compliance

Compliance and the role of the compliance officer have changed significantly over the past decade as a result of escalating regulation, technology development, an increasing focus on culture and conduct risk, and the ever closer relationship between compliance and the business. Automation has also come to the fore as compliance departments working with rising volumes…
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3rd July 2019 0

Is ‘Brexit effect’ to blame for drop in UK data management investments?

  Research from data backup software supplier Veeam suggests UK C-suite is set to invest much less in data management over the course of the next 12 months than the rest of the world, prompting concerns that Brexit might be to blame  The economic uncertainty surrounding the UK’s exit from the European Union could be…
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21st June 2019 0

Creating Explainable AI With Rules

There’s a fascinating dichotomy in artificial intelligence between statistics and rules, machine learning and expert systems. Newcomers to artificial intelligence (AI) regard machine learning as innately superior to brittle rules-based systems, while the history of this field reveals both rules and probabilistic learning are integral components of AI.This fact is perhaps nowhere truer than in establishing…
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20th June 2019 0

Tax software provider Sovos completes two acquisitions

Global tax software provider Sovos has acquired e-invoicing solution Foriba and tax solution Eagle Technology Management (ETM). ETM delivers statutory financial reporting and insurance premium tax software to insurers and unclaimed property reporting solutions and services to financial institutions, corporations and insurers in the US. Following the close of the deal, ETMs technology stack will…
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31st May 2019 0

ThreatLocker to supply cybersecurity tools to ConnectWise under new deal

ConnectWise deploys business management technology to improve a range of business operations ranging from sales and services through to project tracking and back-office functions. With the integration of ThreatLocker, the clients that use managed IT service providers will be able to access new solutions such as application whitelisting, ringfencing and storage device control. ThreatLocker gives…
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30th May 2019 0

ClauseMatch closes $2.5m venture debt from Silicon Valley Bank

Document management company ClauseMatch has received $2.5m in venture debt funding from Silicon Valley Bank. This debt facility will be used to support ClauseMatch’s growth in Europe and Asia. The RegTech 100 company recently began operations in South East Asia, with Singapore as its base, and is already serving multiple companies in the region. To…
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29th May 2019 0

How Regulated Industries Can Put Their Compliance On Autopilot

Corporate compliance is a hot topic these days. From the General Data Protection Regulation (GDPR)’s the big introduction in the EU last year to the daily headlines about data breaches, we’re constantly reminded of the impact and costs of noncompliance. For example, in 2017, Nissan Co. lost its ISO 9001 certificates on quality management for domestic…
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7th May 2019 0

Mercury Payment Solutions and Arion Bank Select Fiserv Anti-Money Laundering Technology

(NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that a payment scheme in the Middle East and a universal bank in Iceland have chosen Fiserv technology to streamline anti-money laundering (AML) processes and effectively manage fraud risk. Mercury Payment Services and Arion Bank were seeking a provider with proven expertise and join more than 1,200 organizations worldwide that rely…
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2nd May 2019 0

Will The BigTech Empire Capture LegalTech? The Exari Example

Exari, the well-known document automation platform and contract lifecycle management system, has been bought out by US-based and NASDAQ-listed business spend management company, Coupa Software. Importantly, Coupa works across all sectors. The key thing for the California-based Coupa was not the legal bit, instead it was the connectivity between its data analysis strategy and Exari’s…
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25th April 2019 0