The wider use of AI in financial services will increase the likelihood of ransomware attacks, according to a UK crime agency.
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The wider use of AI in financial services will increase the likelihood of ransomware attacks, according to a UK crime agency.
UK fund manager abrdn is set to lay off around 500 workers in an effort to cut costs with the majority of losses coming from support services.
Blockchain software developer R3 has launched a new range of products targeted at digital assets investors.
Wealth management platform FNZ has finalised its purchase of Luxembourg-based B2B fund platform International Funds Services & Asset Management (ifsam).
Equilend, the securities lending platform founded by a consortium of Wall Street institutions, is to be sold to a private equity firm.
The head of JP Morgan’s asset and wealth management division has complained that the US bank is facing a rising number of cyber-attacks despite employing an army of technologists.
Speaking at the World Economic Forum in Davos, Mary Erdoes told delegates that the bank spends about US$15 billion on technology annually and employs 62,000 technologists, many of whom are employed solely in cyber security.