Tagged: idc

December 21, 2024 @ 3:19 pm By Tony Zerucha  |  

One trend from 2024 that has vital implications for fintechs is the growing occurrence of ransomware hackers shifting their attention from production systems to backups. According to IDC research, ransomware targets backups to eliminate the possibility of data recovery. That maximizes the attack’s severity. More… Read More

September 1, 2023 @ 6:37 pm By Michael Wong  |  

About 70% of digital transformation projects carried out by mid- to large-sized banks in the Asia-Pacific region have failed due to costly and lengthy in-house efforts, according to a report released by engagement banking fintech firm Backbase. The APAC-focused IDC InfoBrief, dubbed “Accelerating Customer-Centric Transformation… Read More

August 8, 2023 @ 10:43 pm By Omar Faridi  |  

The role of today’s Chief Financial Officer (CFO) is undergoing significant changes and expansions, according to a new study, “The Evolution of Order-to-Cash,” conducted by global market analysis and advisory firm IDC on behalf of the B2B order-to-cash software and digital payments market leader, Billtrust…. Read More

June 12, 2023 @ 9:29 pm By Omar Faridi  |  

Medius, a provider of accounts payable (AP) automation, announced its intent to acquire expense management software company Expensya for an undisclosed sum. Founded in Tunisia in 2014 by former Microsoft software engineers Karim Jouini and Jihed Othmani, Expensya’s web, mobile and smart payment-card solutions “automate… Read More

February 13, 2023 @ 7:07 pm By Omar Faridi  |  

Arrcus, the hyperscale networking software company and a leader in core, edge and multi-cloud network infrastructure, announced the close of a financing round “that brings to $50 million the total capital raised since the last venture financing round.” Prosperity7 Ventures is leading the Series D… Read More

February 8, 2023 @ 3:17 pm By Omar Faridi  |  

With transaction volumes, customer expectations, and competitive threats at an all-time high, banks must “adapt quickly to keep pace.” To address these challenges, Oracle launched Oracle Banking Cloud Services, a new suite of componentized, composable cloud native services. The six new services available “provide banks… Read More

April 6, 2022 @ 8:31 pm By Omar Faridi  |  

  Global Intelligent Automation company Laiye, serving 70% of the top 10 global Fortune 500 companies, has announced an offer to ensure businesses “make the leap to Intelligent Automation by committing to refunding 100% of the license cost if its solutions do not achieve the… Read More

June 2, 2021 @ 10:17 pm By Omar Faridi  |  

Bill.com (NYSE:BILL), an established provider of Cloud-powered software that simplifies, digitizes, and automates back-office financial operations for SMBs, revealed on Monday (June 1, 2021) that it had finalized its acquisition of Divvy, a spend management solution provider, for around $2.5 billion “in stock and cash.”… Read More

June 3, 2020 @ 11:47 pm By Omar Faridi  |  

Private identity solution provider, Incognia, has introduced a location-based behavioral biometrics software product that aims to reduce or eliminate the growing rates of mobile fraud. According to a press release shared with CI, Incognia’s anti-fraud software development kit (SDK) and APIs aim to improve standard… Read More

May 18, 2020 @ 10:12 pm By Omar Faridi  |  

Digital banking services are increasingly being adopted in the Asia Pacific (APAC) region. The use of all-digital banks and platforms is expected to increase further in the coming years. This, as 63% of consumers responding to a recent survey said they’d be willing to switch… Read More

February 17, 2020 @ 7:32 am By Omar Faridi  |  

Approximately 80% of all Chinese banks will acquire and integrate Fintech solutions from the cloud market, according to International Data Corporation (IDC), a leading multinational market intelligence company.  China’s Fintech sector is known for quickly adopting a broad range of information technologies including cloud computing,… Read More

November 13, 2019 @ 8:40 am By Omar Faridi  |  

A recent report published by global market intelligence company IDC has revealed that China’s blockchain industry is on track to experience substantial growth in the next few years. As reported by Xinhuanet, China’s blockchain ecosystem is expected to be valued at more than $2 billion… Read More

March 30, 2015 @ 11:24 am By JD Alois  |  

Did the forthcoming launch of the Apple Watch boost Pebble and its most recent, record breaking, crowdfunding campaign for the Pebble Time? Well that is a good questions. The wearable tech industry is so new that having a high profile company like Apple jump into… Read More