Technology Record - Issue 31: Winter 2023

28 MARKETWATCH HYPR has established a new category in the identity security industry with the release of the first Identity Assurance solution. Identity Assurance establishes a chain of trust throughout the entire identity lifecycle, beginning at day zero. Identity Assurance includes fast identity online (FIDO) passwordless authentication, actionable identity risk assessment and ongoing identity verification, all of which work together on a continuous basis to solve critical challenges surrounding identity security. As the only software FIDO2 authenticator on the Microsoftcompatible list, HYPR’s Identity Assurance platform can be easily integrated into Microsoft Entra ID environments, leveraging Microsoft systems and services including Intune, Defender, and Sentinel. It extends Microsoft’s security capabilities across the ecosystem and accelerates adoption. HYPR reimagines identity security More than 80 per cent of enterprises to adopt generative AI by 2026, says Gartner According to Gartner’s 2023 Hype Cycle for Generative AI report, more than 80 per cent of enterprises will have used generative artificial intelligence-powered application programming interfaces (APIs) or models by 2026. “Generative AI has become a top priority for the C-suite and has sparked tremendous innovation in new tools beyond foundation models,” said Arun Chandrasekaran, distinguished vice president analyst at Gartner. “Demand is increasing for generative AI in many industries, such as healthcare, life sciences, legal, financial services and the public sector.” The report identified three innovations that will have a large impact on organisations within the next 10 years: generative AI-enabled applications, foundation models and AI trust, risk and security management. Photo: iStock/Marco VDM New Finastra study shows seven per cent growth in financial institutions using AI A new study from financial software provider Finastra has revealed that 37 per cent of financial institutions have improved or deployed artificial intelligence technology in the past 12 months, a seven per cent increase from 2022. The study, Financial Services State of the Nation Survey 2023, also revealed that 83 per cent of the 956 professionals surveyed believe their institution is interested in implementing generative AI. Read the full report on the Finastra website at: Photo: Finastra