Tag: predictive AI

Financial crime prevention is on the brink of a major technological shift, yet many financial institutions remain hamstrung by outdated systems. SymphonyAI recently argued that...

Financial services are embracing software-as-a-service (SaaS) models to drive efficiency and security, with adoption in banking, financial and insurance sectors projected to reach over $130bn by 2027, up from $54bn in 2022. Within financial crime prevention alone, spending on cloud-based solutions is expected to make up 32% of deployment spending, reflecting a sector eager to modernise its compliance defences.

SaaS adoption in the financial and insurance services sectors is projected to grow significantly, reaching more than $130bn by 2027, up from $54bn in 2022.