Artificial Intelligence

Finance Cloud (FinCloud) Market Size to Grow USD 90.1 Billion by 2030 at a CAGR of 12.4% | Valuates Reports

Published

4 weeks ago

April 10, 2024

BANGALORE, India, April 10, 2024 /PRNewswire/ — Finance Cloud (FinCloud) Market is Segmented by Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), by Application (Revenue Management, Business Intelligence, Asset Management, Customer Relationship Management, Enterprise Resource Planning, Others): Global Opportunity Analysis and Industry Forecast, 2021-2030.

The global finance cloud market was valued at USD 23.67 Billion in 2020, and is projected to reach USD 90.11 Billion by 2030, growing at a CAGR of 12.4% from 2021 to 2030.
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Major Factors Driving The Growth Of Finance Cloud (Fincloud) Market
The Finance Cloud (FinCloud) industry is expanding due to a number of important factors. First of all, companies are adopting cloud-based systems to support their operations and adapt to changing client expectations due to the growing demand for flexible and scalable financial services solutions. Second, the increased emphasis on operational effectiveness and cost reduction pushes financial institutions to use cloud technologies, which provide affordable substitutes for conventional IT infrastructure.
FinCloud solutions, which offer strong security protections and regulatory compliance capabilities, are increasingly being utilized by businesses due to the strict regulatory requirements around data security and compliance. Together, these elements fuel the growing market growth by increasing the usage of Finance Cloud solutions.
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TRENDS INFLUENCING THE GROWTH OF FINANCE CLOUD (FINCLOUD) MARKET
In the banking sector, business intelligence (BI) is essential to performance optimization and strategic decision-making. With the help of powerful BI tools and analytics dashboards provided by Finance Cloud solutions, companies can empower stakeholders to extract meaningful insights from massive volumes of data. Cloud-based BI tools help financial organizations recognize new trends, reduce risks, and take advantage of market possibilities by facilitating data integration, visualization, and predictive analytics. Organizations may foster innovation, increase operational effectiveness, and achieve sustainable development in a data-driven environment by utilizing FinCloud for business intelligence.
In the financial industry, traditional on-premise IT infrastructure frequently has high initial costs, ongoing maintenance costs, and constrained scalability. Pay-as-you-go pricing mechanisms and the absence of significant hardware investments make Finance Cloud solutions an affordable substitute. Furthermore, by enabling financial institutions to scale their computer resources in response to demand, FinCloud services save operating costs while guaranteeing peak performance.
Robust security measures and compliance standards are necessary in the banking business due to stringent regulatory requirements. Finance cloud providers follow industry-specific rules like GDPR, PCI DSS, and SOC 2 and make significant investments in cutting-edge security technology. Financial institutions may reduce security risks, guarantee data privacy, and uphold compliance by utilizing FinCloud services, all without having to take on the responsibility of creating and overseeing intricate security procedures in-house. By offering cutting-edge tools and analytical capabilities to improve pricing strategies, increase revenue streams, and reduce revenue leakage, Finance Cloud (FinCloud) solutions are propelling growth in revenue management. Cloud-based revenue management tools provide real-time insights into customer behavior, market trends, and sales success. This allows financial institutions to precisely anticipate revenue projections, find cross-selling possibilities, and dynamically alter price.
In the financial sector, customer relationship management (CRM) is crucial for fostering enduring bonds, encouraging client loyalty, and optimizing lifetime value. Finance Cloud solutions provide robust CRM systems with a wealth of features that let businesses automate marketing campaigns, consolidate client information, and customize interactions across several channels. Financial institutions are able to offer targeted services, proactive assistance, and tailored experiences thanks to cloud-based CRM systems, which give insights into client preferences, behavior patterns, and engagement metrics. Organizations may increase customer happiness, retention rates, and overall profitability in a cutthroat market by utilizing FinCloud for CRM.
For financial institutions, asset management which includes the effective administration of investments, portfolios, and assets under management (AUM) is a crucial job. Financing Cloud solutions provide extensive asset management platforms that expedite the processes of risk assessment, portfolio analysis, and investment decision-making. By offering real-time visibility into asset performance, compliance needs, and market trends, cloud-based asset management solutions help businesses optimize asset allocation, reduce risk, and increase investment returns. Financial institutions may enhance portfolio diversity, boost operational effectiveness, and provide customers with better investment outcomes by utilizing FinCloud for asset management.
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FINANCE CLOUD (FINCLOUD) MARKET SHARE ANALYSIS
For the duration of the predicted period, the Public Segment is in a leading position.
These resources are shared by several organizations, and consumers usually pay for the services either on a subscription or as-needed basis. In their own data centers, the cloud provider hosts and maintains public cloud services, providing cost-effectiveness, scalability, and flexibility.
The services sector will expand between 2021 and 2030 with the highest CAGR of 16.1%.
In order to assist organizations pick, configure, and personalize their finance cloud solutions to match their unique demands and industry laws, financial cloud services provide professional consultation throughout the early phases of deployment. These professionals guarantee a smooth cloud migration, streamlining financial procedures and guaranteeing best practices compliance. Furthermore, managed services are essential for the continuous upkeep and administration of financial apps and cloud infrastructure.
Between 2021 and 2030, Asia-Pacific would have the greatest CAGR (17.5%).
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Key Players:
Amazon Web Services, Inc.Acumatica, Inc.ARYAKA NETWORKS, INC.Cisco Systems, Inc.International Business Machines CorporationMicrosoftOracleSAP SEUnit4Sage Group plc Purchase Chapters: https://reports.valuates.com/request/chaptercost/ALLI-Manu-1O81/Finance_Cloud_Market
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Artificial Intelligence

Kharon Data and Technology Selected by U.S. Department of the Treasury

Published

2 hours ago

May 7, 2024

CISION (PR Newswire)

Treasury officers will gain access to Kharon’s platform for sanctions-related risk intelligence
WASHINGTON, May 7, 2024 /PRNewswire/ — Kharon announces the signing of a contract with the U.S. Department of the Treasury. Through this engagement, officials within the Treasury Department will gain access to Kharon’s global risk analytics platform. Kharon’s insights and analytic tools are used by leading financial institutions, companies, and governments to address global security threats, and to support risk management in connection with KYC, transaction screening, sanctions evasion, investigations, and trade controls.

This award underscores Kharon’s commitment to helping organizations navigate the complexities of sanctions compliance and combatting sanctions evasion, including the OFAC and EU 50 percent rules, FinCEN alerts on Harmonized System (HS) codes and export control evasion, and countering terrorist financing.
Alongside a recent award with the U.S. Customs and Border Protection, this engagement with the Treasury Department expands the U.S. Government’s access to Kharon insights, data analytics, and investigative workflow tools for critical public sector security objectives.
Kharon’s expertise in generating data-driven insights will assist the Treasury Department with its mission of disrupting the financial operations that underpin the networks of foreign actors tied to global security threats, including terrorism, nuclear and missile proliferation, Russia’s invasion of Ukraine, human rights violators, transnational crime, corruption, and others. Kharon insights draw upon all available open-source information and are powered by world-class subject matter expertise and data analytics combined with cutting-edge AI and natural language processing (NLP) systems. Kharon has been awarded multiple patents for its transformative analytic and workflow tools that have helped leading banks and corporates minimize risk and maximize efficiency for critical compliance, investigative, and risk management functions.
“Effectively implementing sanctions and trade controls requires both public and private sector organizations to have the insights needed to counter evasion,” said Howard Mendelsohn, Kharon’s Chief Client Officer. “This award represents an additional step in aligning critical insights across the public and private sectors. We are proud to support the U.S. Department of the Treasury in its critical mission.”
About Kharon
Kharon helps leading organizations identify a wide range of sanctions and compliance risks, critical to managing financial crimes, supply chain exposure, export controls, investment risk, and more. Combining cutting-edge technology and data science with industry-leading research, our solutions provide the critical insights required for a comprehensive view of illicit finance and other commercial threats.
The Kharon leadership team includes former senior officials from the U.S. Government who have leveraged their unique expertise to build risk management solutions that are trusted by the world’s top financial institutions, global corporates, and professional services firms.
Visit Kharon.com and follow Kharon on LinkedIn to learn more.
Media Contacts [email protected]
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Artificial Intelligence

Imaging Endpoints Unveils New Initiative with Revolution Endpoints™, an Investment Subsidiary to Accelerate Innovation and Growth

Published

2 hours ago

May 7, 2024

CISION (PR Newswire)

imaging-endpoints-unveils-new-initiative-with-revolution-endpoints™,-an-investment-subsidiary-to-accelerate-innovation-and-growth

SCOTTSDALE, Ariz., May 7, 2024 /PRNewswire/ — Imaging Endpoints (IE), a global leader in Imaging CRO technologies and services, has announced the formation of a new subsidiary, Revolution Endpoints, focused on leveraging the Company’s strong leadership and financial position to acquire synergistic technologies and services. This initiative aims to further advance the company’s internal research programs targeted toward development of cutting-edge service offerings.

Revolution Endpoints is already meticulously evaluating emerging technologies for adoption while exploring licensing, partnership, or acquisition of the most promising and synergetic opportunities. By identifying and integrating emerging technologies that complement internal development efforts and existing services, Imaging Endpoints intends to ensure it continues to lead the industry in service offerings.
Doug Dean Burkett, CEO and President of Imaging Endpoints commented: “For fifteen years we have been relentlessly executing on a consistent, unwavering strategy to organically grow our leadership in oncology-focused imaging CRO services. We are now generally recognized as leading the industry in science and quality, and our efforts have yielded remarkable growth. We are fortunate to be in a position to invest in emerging technologies that are synergistic with our own development projects and our vision to Connect Imaging to the Cure™. Through this new subsidiary, we are excited to explore new frontiers, support transformative ideas, and continue our mission of advancing healthcare and improving patient outcomes.”
IE believes in the power of collaboration and innovation to drive progress in the fight against cancer. Revolution Endpoints is engaging with emerging technology leaders within AI assisted image evaluation, quantitative biomarkers, big datasets, predictive analytics and NLP, 3D imaging, AR, VR, AI enhanced enterprise automation, and blockchain technology that have potential to further streamline and improve both image workflows and efficacy analysis. Service providers with synergistic technologies and service offerings may also be of interest.
For more information about Revolution Endpoints or to discuss your emerging technology with our experts, please visit Revolution Endpoints or contact us at [email protected].
About Imaging Endpoints
Imaging Endpoints (IE) is passionately focused on its vision to Connect Imaging to the Cure. With a flawless global inspection record and a 95% marketing authorization success rate, IE has a proven track record of supporting successful regulatory submissions across the globe. IE’s commitment to quality, innovation, and excellence has positioned it as the global leader in oncology imaging.
Imaging Endpoints is the largest oncology-focused Imaging CRO, with 8 offices strategically located across 6 countries including Scottsdale, AZ, Cambridge, MA; London, UK; Leiden, Netherlands; Basel, Switzerland; Hyderabad, India; and Shanghai, China.
IE is an affiliate of HonorHealth, one of the largest healthcare systems nationally, and also an affiliate of Southwest Medical Imaging, Ltd. (SMIL/RadPartners), part of the largest private radiology group in the U.S.
Media Contact
Contact No: 480.314.3070
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Artificial Intelligence

ICIS Launches Ask ICIS Generative AI Commodities Assistant

Published

2 hours ago

May 7, 2024

CISION (PR Newswire)

Global commodities intelligence provider launches generative AI assistant to boost access to expert insights and data around the global energy and chemicals markets
LONDON, May 7, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, announced the launch of Ask ICIS, a first of its kind generative AI assistant that will enhance access to ICIS’ standout intelligence and insights for the energy and chemicals markets.

As commodity markets become more complex and dynamic, the need for both highly accurate and up-to-the-minute information has never been more important. Underpinned by unparalleled chemical and energy market datasets and decades of editorial expertise, Ask ICIS combines ICIS’ vast market intelligence with the power of generative AI technology.
Currently in beta, Ask ICIS is available in multiple languages and supported with citations, Ask ICIS allows customers to delve deeper, supporting timely, confident strategic decision-making with comprehensive market intelligence.
“At ICIS, we are committed to delivering the best possible intelligence to our customers so that they can arrive at the best possible outcomes for the decisions they need to make,” said Jeff Skelton, CEO of ICIS. “Through Ask ICIS, we are taking our ambition one step further by unlocking access to our trusted and actionable insights to provide immediate and personalized responses to complex customer enquiries in a fraction of the time. We are committed to helping our customers adopt and scale new technologies, enabling them to make better decisions and bring the maximum value possible to their organizations.”
Sourced exclusively from ICIS’ expert data and insight, Ask ICIS connects users to content tailored directly to their needs based on their role, region, and priorities. Source citations are built into every response allowing users to delve deeper and enabling more confident, timely, strategic decision-making. In addition, Ask ICIS also provides bespoke suggested prompts and follow-up questions to allow users to uncover additional insights and “unknown unknowns” to gain an unprecedented view and understanding of market events.
“To drive success in today’s commodity markets you need to have the most innovative tools and information at your disposal,” said Skelton. “We strongly believe that Ask ICIS not only helps our customers achieve new goals and levels of performance but has also sets a new bar for the way commodity markets can now access intelligence.”
For more information on ICIS please visit, www.icis.com. For more information on Ask ICIS, or if you are an ICIS customer interested in joining the beta progam, please visit: https://www.icis.com/explore/contact/ask-icis/.
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of $78.2bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £62.4bn | €73bn | $78.2bn.
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