Displaying items by tag: Finance

ANNOUNCEMENT:  Backbase, the global leader in engagement banking, has successfully delivered a new digital banking platform for MyState Bank (MyState) to support future growth. The platform represents a significant leap forward in delivering seamless, customer-centric digital experiences to MyState customers.

COMPANY NEWS:  Backbase, the global leader in engagement banking, has successfully delivered a new digital banking platform for MyState Bank (MyState) to support future growth. The platform represents a significant leap forward in delivering seamless, customer-centric digital experiences to MyState customers.

Insurance and finance giant Suncorp is reaping big rewards. from smart tech investments, its FY2024 results show.

Artificial intelligence is changing the banking business, with major implications for both traditional and new banks. This shift in the banking industry from traditional, data-driven AI to sophisticated generative AI which offers unprecedented levels of efficiency and customer engagement. In the banking industry, generative AI has the potential to increase productivity by 5% and decrease worldwide spending by $300 billion, according to McKinsey's 2023 banking report. 

COMPANY NEWS:

Key highlights: 

• Atturra Limited unaudited FY24 revenue to exceed $240m, up 35% on the prior corresponding period (pcp)
• Strong end to 2HFY24 with Underlying EBITDA for the full year of $25m to $26m, up 19% on pcp which is in line with guidance of 25m+
• Over 40 new federal government contracts signed across multiple departments and agencies including Departments of Defence, Home Affairs, Finance, and Treasury, as well as the Australian Signals Directorate, Australian Criminal Intelligence Commission and Australian Financial Security Authority showing confidence in Atturra’s sovereign capabilities. Although individually not material to the overall FY24 result, the combined contracts noted have contributed to the aggregate FY24 performance outlined above.  
• Continuing to track well with contracts in the education, mining and resources and local government sectors. Atturra is expecting to continue strong revenue growth in FY25 whilst maintaining target underlying EBITDA.
• Continued success in integrating acquisitions to be Australia’s leading sovereign end to end IT services and advisory businesses.
• 20%+ growth in revenue for FY25 whilst maintaining underlying EBITDA of 10.5%

COMPANY PRODUCT NEWS:  The AI revolution in the last couple of years has taken almost every industry by a storm. AI-powered applications have shown just how powerful and useful they can be. Therefore, it does not come as a surprise to know that traders in the financial markets have opted to use AI trading bots to elevate their experience and to reach new heights of profitability.

COMPANY NEWS:  SAP Account Substantiation and Automation by BlackLine, financial review option, is the latest market-leading solution extension from BlackLine to be sold by SAP

GUEST OPINION: In today’s modern business environment investors, employees, consumers and regulators are increasingly demanding that companies operate with sustainability and ethics at the forefront of business growth. Corporate success is no longer defined by financial profits alone.

COMPANY NEWS:  Amelia continues to pull away from the pack with its innovative and proven platform.

GUEST OPINION: Blockchain technology and cryptocurrency are more than mere tech trends, they are revolutionising the complex global financial systems used today by market leaders like JP Morgan, MUFG, Credit Suisse and others.

Rackspace Technology is one of a very few global multicloud providers, president of public cloud business unit D.K. Sinha told iTWire, even though most organisations want a multicloud environment so that regulated or data-intensive applications can be deployed in private cloud while others are suitable for running in a public cloud.

Australian social archiving platform Brolly has appointed open source cloud data platform company Aiven to deliver a data infrastructure platform to manage its database.

Is some of the rise in employment because employers must now enlarge workforces to off-set the massive drop in productivity caused by working from home?

Executive demand in Australia has “charged to a record high”, climbing 8 per cent in February, according to the E.L.Consult Executive Demand Index.

GUEST OPINION by Guy Danskine, Managing Director, Equinix Australia:  As we exit the first year of this ‘post COVID’ era, organisations of all sizes continue to embrace digital infrastructure to accelerate their growth and capitalise on new and emerging technologies which enable delivery of new services, increase competitive advantage, and facilitate employee productivity, regardless of their location.

GUEST INTERVIEW: Digital transformation is often touted as new, but FICO began life in 1956 by introducing analytic solutions such as credit scoring, and pioneered the development and application of decision management, so how has FICO evolved over the decades to today? Corey Smith joins iTWireTV to explain it all.

GUEST INTERVIEW: Digital transformation is often touted as new, but FICO began life in 1956 by introducing analytic solutions such as credit scoring, and pioneered the development and application of decision management, so how has FICO evolved over the decades to today? Corey Smith joins iTWireTV to explain it all.

COMPANY NEWS: Somerville, one of the most experienced end-to-end Technology service providers in Australia, is this month celebrating its 40th anniversary since the company was founded riding a wave of strong year-on-year growth and continuing to underpin the complex demands of its growing customer base.

Australian healthcare solutions provider Aspen Medical has worked with Oracle to consolidate its business processes across HR, finance, and projects in support of its work worldwide.

Social media platform Twitter has revealed the biggest trends and conversations in Australia.

GUEST INTERVIEW: A silver lining is just the start of Currencycloud's features and benefits, with its acquisition by financial giant Visa in December 2021 and the receipt of a financial licence to operate in Australia showcasing it is blue skies ahead for this innovative company.