According to The Payments Association, the AI market will hit US $360 billion by the year 2028. Their recent survey outlines how AI and machine learning are currently used in payments, finance and banking sectors and how they can be used in the future. The research conveyed that the interest in AI and its acceptance were slow but sustained prior to COVID-19, but have seen a surge in interest since the pandemic as financial institutions look for ways to increase their efficiencies. This has led to a surge in regulatory interest in AI to mitigate privacy, illegal discrimination and security-related risks. Backed by the international payments firm, Fable Fintech, this report shows that the majority of financial services companies with more than 5,000 employees are using some form of AI.

Mention data governance to many corporate executives and you might get eye rolling and a quick change of subject. Business leaders are more focused on revenue rather than meeting regulatory demands. But the rise in enterprise data has also brought government-driven demands for privacy and protections that are forcing companies across the world to adopt tools to meet new requirements. "Governance is a very abstract concept. Most people want to run away from anything close to governance," said Sanjay Saxena (pictured), senior vice president of enterprise data governance at Northern Trust Corp. Saxena visited theCUBE, SiliconANGLE's mobile live-streaming studio, and answered questions from hosts Dave Vellante (@dvellante) and James Kobielus (@jameskobielus) during IBM Fast Track Your Data in Munich, Germany.

We are operating in an era of digital disruption – where fintech is no longer a buzz word, but the norm. One specific area which has traditionally been largely unaffected by technological progression is Private Equity. However that is set to change with the industry beginning to embrace the opportunities provided by blockchain and artificial intelligence. Within this article we will explore the use cases for the technologies themselves, and consider how they may transform Private Equity as we know it. The cryptocurrencies industry has been characterised by high levels of volatility with huge potential gains, but also huge potential losses. The question is, how can this align to PE and provide opportunity?