Insurtech Eleos taps the embedded finance trend with $4m
London-based insurtech startup, Eleos has secured $4m in funding for its digital life proposition. The seed investment was led by Fuel Ventures and Indico Capital and supported by APX.investment. Founded in 2022 by former Wipro Application Lead and Zaask founder, Kiruba Shankar Eswaran, CEO, Eleos provides income protection and life insurance products that can be […]
Google DeepMind upgrades AI protein predictor AlphaFold
Google DeepMind and sister company Isomorphic Labs have introduced AlphaFold 3, upgrading its existing world leading AI model that can now predict the structure and interactions of all life’s molecules, including proteins, DNA, RNA, and ligands. Google claims the model’s predictions are at least 50% more accurate than existing methods, and in some categories, the […]
Convergence is key for System C
TechMarketView spoke to System C‘s CEO Nick Wilson at the company’s user conference in Birmingham earlier this week. Since he joined System C, Wilson has been taking steps to build out the management team and transform the business with a new brand and increased investment in systems, processes, and R&D. Introducing the conference, Wilson framed […]
CGI and Accenture both target Industry 4.0 with 5G tie ups
Yesterday, saw IT Services giants CGI and Accenture both announce separate new 5G partnerships with Nokia and Virgin Media O2 respectively, as SITS providers look to capitalise on the growing market opportunity of Industry 4.0. CGI and Nokia have signed a strategic partnership to combine Nokia’s 5G private wireless networking kit with CGI’s broad portfolio of […]
Wavenet and Daisy Corporate Services to merge
UK based IT, communications and cloud provider Daisy Group has confirmed a significant merger with Wavenet, a company primarily owned by Australian financial giant Macquarie (See Macquarie cash funds Wavenet acquisition spree). The merger involves separating Daisy Corporate Services from the group and integrating it into Wavenet. The new company, retaining the name Wavenet, will […]
ServiceNow and Fujitsu launch joint innovation centre
At ServiceNow’s Knowledge 2024 event, the firm announced the launch of a new joint innovation centre with Fujitsu, to be opened in the latter half of this year in Kawasaki City, Japan. The Fujitsu-ServiceNow Innovation Center will focus on automating legacy systems and complex business processes. Although the plan is to target multiple sectors, the […]
MOD cyber-attack: Sopra Steria-operated system
The widely publicised cyber-attack on the armed forces payment network has placed Sopra Steria firmly in the spotlight. In Parliament yesterday, Grant Shapps, the Secretary of State for Defence confirmed that a malign actor had gained access to a system containing the personal data of regular and reserve personnel as well as some recently retired […]
Kyndryl transformation continues in FY24
FY24 results out overnight from Kyndryl show the firm is now confident of an earlier-than-expected return to growth. The firm appears to have executed well in FY24, continuing its shift away from no or low margin contracts (and continuing the theme from earlier quarters) – a hangover from the IBM days. Revenue was down 6.0% […]
Corlytics acquires Deloitte regtech platform
Irish regtech specialist, Corlytics has announced another addition to its portfolio with the acquisition of a UK focused RegTech platform developed by Deloitte. As a result of the deal, Deloitte UK Partner and Head of RegTech, Kent Mackenzie, will join Corlytics as COO, along with 16 other Deloitte staff. The move follows hot on the […]
Unisys takes a dip in Q1
First quarter results for Unisys Corporation outline both revenue and gross profit margin declines impacted by the timing of software license renewals and a tough operating environment. Results for the first three months of 2024 show revenue declining by -5.5% YoY (-7.1% in constant currency) to $487.8m and the company’s gross profit margin at 27.9%, […]