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Oracle Financial Services Unveils AIPowered Compliance Agent to Combat Money Laundering

An AIdriven cloud solution called Oracle Financial Services Compliance Agent was unveiled by Oracle Financial Services to help banks fight money laund

An AIdriven cloud solution called Oracle Financial Services Compliance Agent was unveiled by Oracle Financial Services to help banks fight money laundering. The technology does costeffective scenario testing to modify thresholds and controls, identify suspicious activity, and effectively satisfy compliance requirements in light of the predicted $5.05 trillion that will be laundered this year. Vice President of Oracles FSGIU Analytics Rajaram Vadapandeshwara emphasised how artificial intelligence may improve efforts to combat money laundering. Banks may evaluate and optimise transaction monitoring systems more profitably with the help of a Compliance Agent. This allows for proactive risk mitigation for highrisk typologies such as human trafficking, risk evaluation for new products, and evidencebased decisionmaking for risk modelling. The solution guarantees stringent regulatory adherence and thorough transaction monitoring by enabling banks to make evidencebased, costeffective, and time Read More..

B2B Tech News | 1 months ago          

Meta Platforms to Share Horizon OS with Rival Manufacturers for VR Headsets

According to a recent announcement by Meta Platforms, Microsoft and other competing device makers will now have access to the Quest headsets operating

According to a recent announcement by Meta Platforms, Microsoft and other competing device makers will now have access to the Quest headsets operating system, Meta Horizon OS. With this action, Meta hopes to strengthen its position in the rapidly developing virtual and mixedreality markets. Spatial anchoring, scene understanding, and gesture recognition are just a few of the features that Meta Horizon OS provides. With the help of this operating system, partner businesses like Asus and Lenovo will create customised headsets for various uses, including productivity, entertainment, and gaming. Mark Zuckerberg, the CEO of Meta, wants to position Meta Horizon OS—similar to Googles Android operating system for smartphones—as the computational foundation for VR and MR devices. Despite competition from Apple and Google, Meta is establishing itself as a frontrunner in this field by prioritising transparency and cooperation with other tech giants like Microsoft. Read More..

B2B Tech News | 1 months ago          

Ant Group Explores Alipay+ Expansion to Indonesia for CrossBorder Payments

According to Peng Yang, CEO of Ant Groups international business group, the company is in talks with Indonesia to launch its Alipay+ crossborder payme

According to Peng Yang, CEO of Ant Groups international business group, the company is in talks with Indonesia to launch its Alipay+ crossborder payment service. Launched in 2020, Alipay+ enables transactions in foreign markets utilising local ewallets, facilitating crossborder payments for global merchants and ewallet users. Yang stated that the business hopes to begin this year and would work with Indonesias central bank to provide operational guidelines. With the approval of both parties, Ant Group, which is associated with Alibaba Group, aims to increase the size of its financial services presence in Indonesia. Read More..

B2B Tech News | 1 months ago          

Nigerias Daily Crude Oil Production Falls to 1.2 Million Barrels in March

OPEC data shows that Nigerias average daily crude oil output fell to 1.2 million barrels in March from 1.3 million in February. Given that the nation

OPEC data shows that Nigerias average daily crude oil output fell to 1.2 million barrels in March from 1.3 million in February. Given that the nation wants to produce 1.7 million barrels per day, including condensate, by 2024, this decline presents serious obstacles. A significant amount of Nigerias projected income is at risk because of the output deficit related to theft, vandalism, and repair activities. The 2024 budget places a heavy emphasis on oil sales, which is why there is a growing need to diversify sources of revenue. Isaac Botti emphasizes bringing back underutilized industries like manufacturing and agriculture, which have historically been important to Nigerias economy. Heineken Lokpobiri, Minister of State for Petroleum Resources, guarantees prompt corrective action to solve production problems. Read More..

B2B Tech News | 1 months ago          

Wipro Shares Surge 2.4% on Strong FourthQuarter Results

Following its fourthquarter results, which exceeded analysts forecasts and raised confidence in the leadership of new CEO Srinivas Pallia, Wipros shar

Following its fourthquarter results, which exceeded analysts forecasts and raised confidence in the leadership of new CEO Srinivas Pallia, Wipros shares increased by 2.4%. At 1.8% higher, the company is now leading the advances on the Nifty IT index. Despite this rise, Wipros shares have decreased by 4% this year, which contrasts with the performance of its bigger competitors, TCS and Infosys. Pallia stresses expansion above all else in the face of difficulties facing the Indian IT industry. Analysts predict Pallia will improve deal wins and expand on organisational simplicity. Nevertheless, several analysts have reduced Wipros target price in the wake of the findings, and some have even downgraded the company, indicating a cautious attitude despite the encouraging outcomes. Read More..

B2B Tech News | 1 months ago          

Malaysia Unveils Plans for Southeast Asias Largest Integrated Circuit Design Park

Malaysia has revealed plans to create Southeast Asias largest integrated circuit design park to lure international IT businesses, complete with tax ex

Malaysia has revealed plans to create Southeast Asias largest integrated circuit design park to lure international IT businesses, complete with tax exemptions and subsidies. Prioritising Kuala Lumpur as a digital centre for the area, Malaysia hopes to rise in the global startup ecosystem index by 2030. Prime Minister Anwar Ibrahim emphasises the transition in the semiconductor sector from assembly and testing to highvalue frontend design work. With funding from the state of Selangor, the park will work with multinational behemoths like Arm Holdings. To further encourage job creation and entrepreneurial potential, Khazanah Nasional will also create a fund to invest in Malaysian businesses. Incentives such as reduced tax rates and subsidised office premises are also intended to entice global venture capital firms and digital unicorns. Read More..

B2B Tech News | 1 months ago          

Redfox Security Ventures into Indian Market, Spearheading Cybersecurity Innovation

Under the inspiring direction of Karan Patel, Redfox Security, a company wellknown for its cuttingedge penetration testing services, is making inroads

Under the inspiring direction of Karan Patel, Redfox Security, a company wellknown for its cuttingedge penetration testing services, is making inroads into the Indian industry. Redfox wants to completely transform Indias cybersecurity market by using a proactive strategy and cuttingedge training programmes. Their virtual training programmes, live conferences, and online school are creating the future of cybersecurity and altering industry norms. Redfox is a penetration testing specialist that works with companies of all sizes. To guarantee reliable findings, the company uses a manual, researchintensive process. Targeting important industries like banking, healthcare, and government, Redfox intends to use its experience to protect institutions throughout India. Redfox is positioned to rise to prominence in cybersecurity because of its dedication to talent development and international growth. Read More..

B2B Tech News | 1 months ago          

Pegasystems Introduces GenAI Coach AIPowered Mentor Embedded in Workflows

Pegasystems has introduced Pega GenAI Coach, a mentordriven by generative AI integrated into Pega products and helps customers achieve their goals. In

Pegasystems has introduced Pega GenAI Coach, a mentordriven by generative AI integrated into Pega products and helps customers achieve their goals. In contrast to disjointed AI solutions, GenAI Coach effortlessly integrates into processes, contextually analysing data to provide customised recommendations. Supervisors learn how their team is performing, and staff members get tailored guidance on overcoming challenges and increasing output. Coaches may be set up to support company goals, improve the sales forces productivity, simplify backoffice processes, and accelerate medical claims processing. Based on the Pega GenAI architecture, Coach guarantees enterprisegrade audibility, security, and interaction with Pegas AI capabilities, promoting efficient and wellinformed decisionmaking throughout intricate processes. The Chief Product Officer of Pega, Kerim Akgonul, claims that GenAI Coach increases productivity and decisionmaking by enabling staff members to obtain excellent advice swiftly Read More..

B2B Tech News | 1 months ago          



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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