AI in banks? It’s all marketing and FOMO Banking As banks are rush to beef up their AI capacity Samuel Norman recounts the sentiment shared across the industry at a conference in Copenhagen last week. Like all sectors, banks are chasing the promises of AI. The industry is shrugging off growing fears around job losses and rushing to beef up their AI credentials. Last [...]
Alfa Financial raises guidance as shift to subscription model delivers Tech Asset finance software company Alfa Financial Software has said it expects full-year revenue to be £1m ahead of previous expectations, as the shift to a subscription model has started to pay off. In the first half of 2024, the company posted record total contract value (TCV) of £193m, a 40 per cent year on year jump, driven by [...]
Alfa Financial keeps full year forecast amid lower software revenue Tech Asset finance software company Alfa Financial Software has maintained its full year revenue forecast in a preliminary trading update for the first half of the year. The FTSE 250 firm said it continues to expect mid to high single digit revenue growth for the full year. Its total contract value (TCV) in the second quarter of 2024 [...]