robot

Robots in finance bring new risks to stability, regulators warn

A study published by the Financial Stability Board (FSB), a panel of regulators that includes the U.S. Federal Reserve and European Central Bank, has revealed that the financial industry’s rush to adopt AI threatens to inject risks into the financial system and “amplify financial shocks”. The FSB, headed by Bank of England Governor Mark Carney, »

UL and Abrantix team up for automated testing of payment terminals

UL, the Illinois-based provider of IT product development services has announced a collaboration with Zurich-based Abrantix, an independent company founded in 2001 which specialises in payment software engineering, to launch UL Brand Test Robot. The robot will be used to physically test payment terminals; typically a manual and repetitive process involving test operators pressing buttons, »