Make your AI policy fit for purpose

Kathy Gibson reports  – Somethings artificial intelligence (AI) makes mistakes – and the consequences could be dire. But when this happens, organisations can’t simply pass off the mistake as a technical error and move on. Because when the AI messes up, the...
Banks are still missing the links between fraud and money laundering

Banks are still missing the links between fraud and money laundering

Financial institutions are increasingly integrating their fraud and anti-money laundering (AML) systems, but intelligence and governance gaps remain. New fraud and AML convergence research from Datos Insights, commissioned by data and AI leader SAS, finds 86% report...

Binance breach will usher in new phase for protecting wealth

The $6,3-billion Binance hack opens a new chapter in the fight to protect wealth, with AI handing criminals the speed to empty an exchange in minutes, warns Nigel Green, CEO of deVere Group. His comments come as Binance, the world’s largest crypto exchange, reveals...

PMI improves, but recovery is uneven

The seasonally adjusted Absa PMI increased by 0.9 points to 49.6 in October, from a revised 48.7 in September, marking a second consecutive monthly improvement. Encouragingly, all five components of the headline index recorded gains during the month. However, the PMI...

Bold bets needed to advance Africa’s technology ecosystem

African tech leaders have called for greater investment in the infrastructure, capital and leadership needed to build technology companies that can compete globally and sustain innovation. This year’s Moonshot by TechCabal conference, under the theme “Courage and...

FBI says North Korea behind Binance hack

The Federal Bureau of Investigation (FBI) has released information advising the Democratic People’s Republic of Korea (North Korea) was responsible for the theft of more than $6-billion in virtual assets from cryptocurrency exchange Binance, on or about October...