Fintech PR
GBS (Global Banking School): Upskilling Communities Through Higher Education
LONDON, March 19, 2025 /PRNewswire/ — GBS (Global Banking School) has launched a Breaking Down Barriers report with The Purpose Coalition in Parliament which showcases how it is changing lives through education and widening participation in Higher Education across the country.
With over 35,000 students across state-of-the-art facilities in London, Manchester, Birmingham and Leeds, widening participation, addressing skills shortages and ultimately enabling social mobility is at the heart of what GBS does.
GBS offers a range of programmes, with a focus on providing sector-relevant courses to students.
These courses help to address issues facing the UK, like the national housing crisis and NHS waiting times.
GBS also empowers student enterprise through a dedicated Entrepreneurship Team and an Enterprise Hub, helping students either launch new businesses or scale up existing ones.
CEO of GBS UK, James Kennedy said the report showcases the importance of the work GBS has been doing since its establishment in 2010.
“As a provider of Higher Education, if you really want to extend the offering of high-quality education to groups who normally miss out, you must go down a less traditional path,” said Mr Kennedy.
“That’s what we at GBS do, and that’s why we have managed to have a real impact across the UK in a relatively short space of time.
“If you visit a GBS campus, you will notice that the busiest time is 6pm.
“That’s because our student cohort is mature-age, and they are fitting their studies around their busy professional and personal lives.
“We offer classes during the week, on weekends and into the evenings.
“We have structured our processes so that students don’t need to fit into our model of operation – it is designed to fit around their needs.
“The Office for Students’ 2024 National Student Survey (NSS) 2024 clearly demonstrates that GBS is providing a positive educational experience for the vast majority of its students, with 93% of students in the UK reporting that they were satisfied with the quality of ‘teaching on my course’.
“In addition to its satisfaction scores in every category monitored by the NSS from the previous year, GBS ranks above the Higher Education sector average in every category.
“In the 2023 Teaching Excellence Framework (TEF), GBS received a Silver rating for Student Experience and a Bronze rating for Student Outcomes, resulting in an overall Bronze rating.
This recognition underscores our commitment to fostering a high-quality learning environment and ensuring successful outcomes for our students.”
Chair of the Purpose Coalition and former Education Secretary, Rt Hon Justine Greening, welcomed the report: “This report demonstrates how GBS is providing high-quality, transformative education which changes lives. Working in some of the most deprived parts of the country and catering for a diverse student population of all ages, it supports those who often face the biggest barriers to getting on in life and for whom conventional education routes are not an option.
“On a recent visit to GBS’ Greenford campus I saw firsthand how these opportunities were changing lives. In areas which have traditionally been left behind, they provide a boost for local and national economic growth, developing skilled workforces which are fit for the future.”
Chair of the Breaking Down Barriers Commission and former member of Sir Keir Starmer’s Shadow Cabinet, Nick Forbes CBE, said: “This Government is committed to ensuring that everyone has access to opportunity, regardless of background or circumstance, so that they can make the most of their talents and potential. Three of the five missions it has set out for government closely align with and GBS’s work that is showcased in this report – to kickstart economic growth, to build an NHS for the future and to break down barriers to opportunity.”
Link to report: Impact Report Final.pdf
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Fintech PR
US Healthcare Analytics Market worth US$47.40 billion by 2029 with 24.5% CAGR | MarketsandMarkets™
DELRAY BEACH, Fla., March 21, 2025 /PRNewswire/ — The global US Healthcare Analytics Market, valued at US$15.84 billion in 2024, is forecasted to grow at a robust CAGR of 24.5%, reaching US$47.40 billion by 2029. The major factors driving the market growth of the healthcare analytics in the US include growing pressure to curb healthcare spending, increasing demand to improve patient outcomes, and the rising focus on real-world evidence. The Centers for Medicare & Medicaid Services (CMS) projects that from 2023 to 2032, National Health Expenditures will grow at an average annual rate of 5.6%, outpacing GDP growth (4.3%), increasing the health spending share of GDP from 17.3% in 2022 to 19.7% by 2032. The healthcare analytics help to curb this rising healthcare costs by enabling data-driven decision-making, predictive modeling, fraud detection, and optimized resource utilization, reducing unnecessary procedures, hospital readmissions, and inefficiencies in care delivery.
Moreover, several venture capitalists are currently funding US based healthcare analytics startups. For instance, in 2023, US venture capital investments in AI healthcare companies totalled USD 7.2 billion, accounting for 21% of total VC healthcare investment.
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Browse in-depth TOC on “US Healthcare Analytics Market“
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Based on type, the descriptive analytics segment is projected to account for the largest share of US healthcare analytics market in 2023.
The rising need for data-driven decision-making based on historical trends is a key factor propelling the market growth. To extract meaningful insights from past data, organizations increasingly rely on descriptive analytics which further allows them to gain several advantages such as comprehensive understanding of present market conditions and operational performance, improve strategic planning, resource allocation optimization and enhance customer engagement by recognizing key patterns and trends, thereby, driving the market growth.
Based on application, the clinical analytics segment is projected to account for the largest share of US healthcare analytics market in 2023.
The growing adoption of Electronic Health Records, along with the improve decision-making abilities and recent technological advancements, is significantly boosting the demand for clinical analytics in US. For instance, in January 2024, Amalgam Rx (US) announced the acquisition of Avhana Health (US), an EHR-integrated clinical decision support (CDS) software company to aid expansion of Avhana’s CDS tools across more therapeutic areas and integrate them with its digital solutions to streamline doctors’ workflows. Hence, such developments designed to streamline therapeutic processes are responsible for the market growth.
Based on end user, the provider segment is expected to grow at the fastest CAGR in the US healthcare analytics market during the forecast period.
The shift towards value-based care, regulatory mandates, and digital transformation is propelling the market growth. Providers such as hospitals & clinics, ambulatory surgery centers, post-acute care organizations, among others are increasingly adopting AI, ML, and cloud-based analytics to boost patient outcomes and operational efficiency. For instance, in September 2023, SAS Institute Inc. (US) developed a comprehensive, advanced analytical solution for healthcare providers known as SAS Health which improve health data management and analytics through the incorporation of AI and ML ultimately aiming to improve patient outcomes and operational efficiency.
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The report profiles key players such as Merative (US), Optum, Inc. (US), SAS Institute Inc. (US), Oracle (US), Citiustech Inc (US), Inovalon (US), Mckesson Corporation (US), MedeAnalytics, Inc. (US), Cotiviti, Inc. (US).
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Fintech PR
AI-Based Fraud Detection Tools Market Surges with 15.9% CAGR – Industry Insights & Future Trends | Valuates Reports
BANGALORE, India, March 21, 2025 /PRNewswire/ — AI-Based Fraud Detection Tools Market is Segmented by Type (On-Premise, Cloud Based), by Application (Large Corporation, SMEs).
The Global Market for AI-Based Fraud Detection Tools was valued at USD 3670 Million in the year 2024 and is projected to reach a revised size of USD 10170 Million by 2031, growing at a CAGR of 15.9% during the forecast period.
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Major Factors Driving the Growth of AI-Based Fraud Detection Tools Market:
The global AI-based fraud detection tools market continues to expand as businesses and governments acknowledge the escalating threat of financial crimes. Rising awareness of the costs associated with fraud, including chargebacks, reputational damage, and regulatory penalties, drives sustained demand for sophisticated analytics platforms. AI solutions rapidly process vast datasets to identify hidden patterns, delivering near-instant insights that fortify security measures. Competition among vendors prompts innovation, resulting in increasingly tailored offerings that cater to diverse industries such as banking, retail, and telecommunications. Partnerships and mergers within the technology sector further enhance solution capabilities, facilitating seamless integration with existing infrastructures. As businesses intensify their digital transformation efforts, the need for robust, adaptive AI-based fraud detection is poised to remain a crucial market force.
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TRENDS INFLUENCING THE GROWTH OF THE AI-BASED FRAUD DETECTION TOOLS MARKET:
Cloud-based solutions play a pivotal role in driving the growth of AI-based fraud detection tools by providing scalable infrastructure, automated updates, and cost-efficient deployment models. With cloud-based platforms, organizations can quickly access real-time analytics and leverage powerful machine learning algorithms to identify anomalous activities. This flexible approach streamlines processes, reduces operational overheads, and ensures seamless software upgrades, enabling businesses to stay ahead of evolving threats. By eliminating the need for complex on-premise hardware, cloud-based systems empower even smaller enterprises to adopt advanced fraud detection mechanisms. Additionally, cloud providers often offer multi-layered security protocols, thereby enhancing data protection and ensuring compliance with regulations. This scalability and widespread accessibility significantly contribute to the widespread uptake of AI-driven fraud detection across industries worldwide.
On-premise deployment of AI-based fraud detection tools fuels market growth by providing organizations with direct control over their data and security protocols. Many industries, such as finance and healthcare, handle sensitive information that demands strict compliance with privacy regulations, making on-premise systems appealing. These solutions allow businesses to tailor their fraud detection models to specific operational requirements, ensuring optimal performance and faster response times. Moreover, on-premise platforms facilitate integration with existing infrastructure, reducing the complexity of cloud migration. These frameworks minimize latency concerns, enabling real-time threat detection. This heightened customization fosters reliability and trust among clients and stakeholders. Overall, on-premise adoption is propelling the expansion of AI-driven fraud detection systems, thus addressing unique organizational demands while safeguarding critical data assets.
Large corporations play a pivotal role in accelerating the AI-based fraud detection tools market by investing substantial resources in research, development, and deployment. These businesses often handle vast transaction volumes and intricate operational processes, necessitating robust solutions that can detect and mitigate sophisticated fraud attempts. By implementing cutting-edge AI technologies, large enterprises drive ongoing innovation and contribute to the refinement of predictive models, advanced data processing, and algorithmic precision. They also set industry benchmarks, demonstrating the tangible benefits of advanced analytics for reducing financial losses and reputational damage. Moreover, such corporations frequently engage with government bodies and regulatory authorities, shaping standards for fraud prevention. Their influence and partnerships foster collaboration across sectors, amplifying adoption rates and fueling continuous market expansion.
Rapid digitalization across industries is fueling adoption of AI-based fraud detection tools by creating volumes of data to be analyzed in real time. As transactions and customer interactions move to online channels, organizations face an urgent need to detect and prevent malicious activities. AI-driven systems excel at processing data sets, identifying anomalies, and flagging suspicious patterns. This capability is vital in sectors such as e-commerce and banking, where digital transactions continue to rise. With digitalization comes heightened vulnerability, leading businesses to prioritize advanced fraud prevention strategies. By automating processes and enhancing accuracy, AI solutions reduce operational costs, enabling faster responses to emerging threats and sustaining market momentum. This connectivity surge spurs investments in robust AI infrastructure, further supporting market expansion.
E-commerce expansion is a major driver for AI-based fraud detection tools, as online retailers handle immense transaction volumes and process sensitive consumer data. With digital marketplaces becoming increasingly global, fraudulent actors exploit cross-border opportunities, requiring sophisticated detection capabilities. AI-powered solutions help merchants analyze real-time behavior, identify payment anomalies, and swiftly mitigate risks. The heightened adoption of mobile commerce and digital wallets further intensifies the need for robust solutions, as cybercriminals continuously evolve tactics to bypass traditional security measures. By leveraging machine learning algorithms, e-commerce platforms can adapt to emerging threats, reducing chargebacks and safeguarding customer trust. This growth in online retail consequently accelerates investment in advanced fraud prevention technologies, ensuring sustainable market expansion worldwide. Enterprises allocate bigger budgets, ensuring coverage.
Regulatory and compliance pressure strongly influences the AI-based fraud detection tools market, as governments and industry bodies introduce stringent rules to protect consumers and maintain financial stability. Organizations must comply with data privacy standards, anti-money laundering protocols, and other directives that demand robust monitoring systems. AI-driven solutions offer real-time alerts and sophisticated analytics, enabling businesses to address compliance requirements more effectively. By automating risk assessments, these tools significantly reduce manual intervention, decreasing operational costs and mitigating potential penalties. Additionally, regulators often encourage the adoption of advanced technologies, driving further innovation in fraud prevention methods. The emphasis on accountability compels companies to invest in high-performance detection platforms. Consequently, this regulatory climate underscores the essential role of AI in safeguarding global markets.
Evolving fraud tactics continually push AI-based fraud detection tools to adapt and improve. Cybercriminals employ increasingly sophisticated methods, such as identity spoofing, account takeovers, and synthetic identities, that challenge traditional rule-based systems. AI-powered solutions remain agile by leveraging machine learning models capable of learning from historical data and adjusting to emerging threats. As criminals refine their strategies, these tools upgrade algorithms to detect subtle anomalies that may indicate malicious intent. This dynamic environment fosters a cycle of continuous enhancement, driving demand for robust and responsive solutions. Collaboration between industry stakeholders, including financial institutions and technology providers, also promotes intelligence sharing, helping stay ahead of evolving schemes. Consequently, the market for AI-based fraud detection continues to flourish worldwide.
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AI-BASED FRAUD DETECTION TOOLS MARKET SHARE
North America leads in early adoption, driven by strong investments in machine learning and data analytics within the financial sector.
Europe follows closely, emphasizing data privacy regulations that shape fraud detection requirements.
In the Asia-Pacific region, rapid digital growth, rising e-commerce activities, and large unbanked populations create ample opportunities for innovative fraud prevention strategies.
Key Companies:
- IBM
- Microsoft
- Accertify
- Seon
- Kount
- Alessa
- Veridas
- Riskified
- ClearSale
- Advarisk
- Sift
- Signifyd
- Emailage
- ArkOwl
- Mastercard(Ekata)
- TruValidate
- Threatmetrix
- CyberSource
- FraudHunt
- OneSpan
- Ethoca
- Visa
- RSA Security
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LONDON, March 21, 2025 /PRNewswire/ — Wirex, a leading Web3 money app, has been recognized as the Best Digital Banking Platform at the 2025 FinTech Breakthrough Awards. This award highlights Wirex’s commitment to delivering simple, secure, and innovative financial solutions to millions of users worldwide.
The FinTech Breakthrough Awards recognize the most innovative and forward-thinking companies in financial services. Wirex’s recognition as the Best Digital Banking Platform reflects its ongoing commitment to excellence, redefining digital banking with intuitive technology, seamless transactions, and an outstanding user experience.
With a strong foundation in technological innovation, Wirex continues to set new standards in the industry. Designed to simplify modern finance, Wirex empowers users with effortless money transfers and innovative features that enhance their everyday financial management. The company’s commitment to compliance and fraud prevention further strengthens its reputation as a trusted digital banking provider.
Dmitry Lazarichev, Co-Founder of Wirex, commented:
“This award is a great acknowledgment of the hard work and vision of our team. At Wirex, we are committed to building cutting-edge financial solutions that empower people around the world. We are excited about the journey ahead as we continue to revolutionize digital banking and payments.”
In line with its commitment to making financial services more accessible, Wirex recently expanded Wirex Pay, its innovative stablecoin payments platform, to the U.S. This significant move marks a major milestone in Wirex’s global expansion, enabling users across the country to experience faster, more cost-effective transactions. By bridging the gap between traditional and digital finance, Wirex continues to drive forward a new era of payments innovation.
Pavel Matveev, Co-Founder of Wirex, added:
“Being named Best Digital Banking Platform is an incredible achievement and a reflection of our unwavering mission to reshape the financial landscape. Our expansion of Wirex Pay to the U.S. is just one example of how we are continually pushing the boundaries of innovation. We are honored by this recognition and remain dedicated to providing the most seamless and secure financial services possible.”
As Wirex continues its global expansion and introduces new innovations, it remains focused on making digital banking smarter, faster, and more accessible for everyone. With a strong emphasis on customer needs and industry leadership, Wirex is set to shape the future of finance in the years to come.
Notes to editors:
About Wirex
Wirex is a prominent UK-based digital payments platform with over 6 million customers spread across 130 countries. It offers secure accounts, making it easy for users to store, purchase, and exchange multiple currencies seamlessly. As a principal member of both Visa and Mastercard, Wirex goes beyond traditional services, embracing the evolving trends of Web3 to provide mainstream access to digital finance and wealth management. Having processed transactions totalling $20 billion, Wirex aims to contribute to the adoption of a cashless society by facilitating straightforward transactions in various currencies worldwide. Wirex is simplifying digital payments, making it more accessible and convenient for people across the globe.
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