Article: Banks enhance UX by accelerating investment in digital technologies

Money, Open Governance

Banks enhance UX by accelerating investment in digital technologies

The pandemic has accelerated digital transformation in banking, leading banks to faster adopt new digital delivery models. The rise of neo and digital banking became the new normal, with an emphasis on mobile banking services.

Adoption of artificial intelligence (AI) across many different operational areas in banking is constantly gaining ground. Financial institutions appear to be very active in engaging AI in a spectrum of services, ranging from sales and credit scoring to behaviour prediction and fraud detection.

Read Full Article

Article: Open-source robotic process automation firm Camunda raises €82M in new round

Open Software, Open Source

Open-source robotic process automation firm Camunda raises €82M in new round

Open-source automation software company Camunda Services GmbH said today it has raised €82 million (about $100 million) in a new round of funding.

Private equity firm Insight Partners led the Series B round, with participation from existing investors Highland Europe. Camunda is an emerging player in the red-hot robotic process automation market that involves using software robots to observe workflows in common business applications and then deduce ways to automate repetitive tasks for workers.

Read Full Article