Digital Lifescapes

Anti-Money Laundering (AML) systems are rapidly evolving to compensate for the constant increase in volume and complexity of online financial crime. AML solutions help combat the sophisticated methods criminals use to avoid detection. AML includes a set of policies, procedures, and technologies that prevent the process of taking illegally obtained money and making it appear to have come from a legitimate source. The AML term arose from regulatory standards, specifically to detail the concealing of financial movements for underlying crimes ranging from tax evasion, drug trafficking, public corruption, and the financing of terrorist groups. Intelligent AML Systems Market Development According to the latest worldwide market study by Juniper Research, by 2028 the total spend on third-party AML systems will have grown by 80 percent -- that's up from $28.7 billion in 2024. This significant market growth will be driven by the use of artificial intelligence (AI) technologies to assist AML ...

Banks that adopt Artificial Intelligence (AI) to enable better customer success and business experience are moving towards a Banking-as-a-Platform (BaaP) operating model to fuel new digital revenue growth. The main strategic goal of a Platform banking business model is to become involved in strategic Fintech partnerships which can improve their product offering for both retail and corporate clients. Each platform is largely self-contained in producing business and technology outcomes, and autonomous in prioritizing its work to meet growth goals and clearly defined areas of specialization. BaaP Market Development According to the latest worldwide market study by Juniper Research , global revenue from BaaP services will increase to $49 billion globally in 2028 -- that's up from $4 billion in 2023. BaaP can help traditional banks regain their competitive edge against NeoBanks. Through collaboration with innovative vendors, traditional banks can offer new services from partners, includ...

Modern satellite communication continues to evolve as new service providers explore niche applications that give them an opportunity to compete with the incumbent global providers. This is a area of wireless telecom infrastructure that is noteworthy, as more unique uses cases are explored.   Decreasing costs of satellite launches and lower capital outlays have enabled several new Small Satellite (SmallSat) operators to enter the Internet-of-Things (IoT) market with low-cost and low-power satellite connectivity offerings. SmallSat IoT Market Development These new entities seek to challenge the traditional satellite IoT service provider incumbents -- including Inmarsat, Iridium, ORBCOMM, and Globalstar -- to provide a more cost-effective solution for end customers in a variety of industries. According to the latest worldwide market study by ABI Research, total satellite IoT connections will increase from 10.4 million in 2022 to reach 27 million in 2030 (a CAGR of 12.7 percent). ...