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AI-Powered Application Development Introduces New IT Challenges, According to OutSystems Study

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While 88% of IT professionals are exploring building GenAI-powered apps, security and governance concerns and talent shortages are stalling projects 

SINGAPORE, Dec. 5, 2024 /PRNewswire/ — OutSystems, a global leader transforming how companies innovate through software, today released its global 2025 State of Application Development report, revealing the obstacles IT professionals face—as well as the innovative approaches they’re taking—when developing modern applications. Notably, the report, which reflects the perspectives of nearly 1,700 global IT professionals, found that the majority (81%) are using GenAI to assist with traditional coding, but also found that GenAI introduces security and governance concerns for 62% of respondents.

Across industries, IT teams are seeing high demand for applications. Nearly three-quarters (74%) of respondents say their organizations plan to build 10 or more apps over the next 12 months, while 45% anticipate building more than 25 apps over the same timeframe. Considering that 74% of organizations are planning to build external, customer-facing applications in the next year, the stakes are high.

“As enterprises are increasingly opting to build software rather than buy it, today’s developers are under immense pressure to deliver mission-critical, customer-facing apps at unprecedented speed,” said Paulo Rosado, CEO & Founder of OutSystems. “While GenAI is a powerful tool to increase productivity and develop code faster, AI-written code can lead to considerable security and governance issues if left unchecked, so IT leaders must consider ways to incorporate guardrails without stalling the speed of innovation.”

With considerable workloads, a persistent talent shortage, and high costs associated with traditional application development, it’s no surprise that developer teams are leaning on GenAI for support. However, half of IT professionals (50%) report significant complexities with integrating AI technologies with existing software development workflows, and only 40% of respondents “mostly” trust GenAI to write code without human assistance.

Relying solely on traditional coding is often too time, labor, and resource intensive for IT teams to keep up with an aggressive application development strategy, but GenAI may not be capable of fully taking the reins just yet. A study found that popular GenAI tools generate accurate code no more than approximately 65% of the time—with accuracy rates for some tools falling as low as 31%.

“In the Generative Software Cycle, we believe that GenAI and low-code in combination will redefine application development, increase productivity while ensuring governance throughout the entire software development lifecycle,” Rosado continued. “Developer teams shouldn’t have to choose between high-quality, fully functional apps and speed-to-market, and by abandoning antiquated development practices in favor of AI-powered low-code technology, they can reap the performance and agility benefits of these transformative technologies.”

Low-code development continues to be seen as predictable, productive, and cost-effective. Respondents with more mature low-code applications noted increased developer productivity (36%), faster time to market (34%), and ease of updating apps (32%) as key benefits to implementing low-code. Even further, 62% of organizations using low-code reported the ability to consistently predict budget compared to 52% of organizations using traditional code.

OutSystems recently unveiled OutSystems Mentor, a first-of-its-kind full software development lifecycle (SDLC) digital worker that enables app generation, delivery, and monitoring using low-code, GenAI, and AI-powered guidance. With Mentor, IT teams can generate fully functional, scalable apps in minutes—while maintaining control and governance throughout the SDLC. To learn more about how OutSystems Mentor helps organizations fully harness the potential of AI-driven software development, click here.

Survey Methodology

OutSystems and Centiment surveyed 1,666 global IT professionals in September 2024. Respondents held a range of positions within their organizations’ IT departments, with the majority in management or senior management. Their organizations report revenue ranging from under $10M to more than $2.5B, and have been in business between 1 and 20+ years.

For more key findings, as well as practical strategies for how IT leaders can use AI and low-code to lead in the evolving landscape of application development, read the full report here.

About OutSystems

OutSystems is a global leader transforming how companies innovate through software, empowering IT leaders with a better way to build the software that matters most. The OutSystems platform helps companies develop, deploy, and maintain mission-critical applications by unifying and automating the entire software lifecycle. With OutSystems, organizations leverage GenAI to deliver software instantaneously, adapt faster to changing requirements, and reduce technical debt by building on a future-proof platform. Helping customers achieve their business goals by addressing key strategic initiatives, OutSystems delivers software up to 10x faster than traditional development. Recognized as a leader by analysts, IT executives, business leaders, and developers around the world, global brands trust OutSystems to tackle their impossible projects and turn their big ideas into software that moves their business, people, and the world forward.

Founded in 2001, the company’s network spans more than 800,000 community members, over 500 partners, and active customers in 75+ countries across 21 industries. Learn more at www.outsystems.com.

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Hexagon Interim Report 1 January – 31 March 2026

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32 minutes ago

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April 23, 2026

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STOCKHOLM, April 23, 2026 /PRNewswire/ —

First quarter 2026

Continuing operations

Operating net sales of 963.8 (961.5) resulting in organic growth of 8%Net sales including acquired deferred revenue amounted to 963.6 MEUR (961.5)Adjusted gross earnings of 606.3 (619.1) resulting in a 62.9% (64.4) gross marginAdjusted operating earnings (EBIT1) of 251.3 MEUR (248.7) resulting in a 26.1% (25.9) EBIT1 marginAdjusted earnings per share of 6.7 Euro cent (6.5)Earnings per share of 58.4 Euro cent (5.0)Cash conversion of 77% (60)Recurring revenue of 289.9 MEUR (308.0), 6% organic growthOctave reported operating net sales of 327.2 MEUR (361.3) and adjusted operating margin of 25.2% (26.6)Adjusted earnings per share including discontinued operations of 9.1 (9.4)Earnings per share including discontinued operations of 59.9 Euro cent (7.0)

For further information, please contact:
Tom Hull, Head of Investor Relations, +44 (0) 7442 678 437, ir@hexagon.com
Anton Heikenström, Investor Relations Manager, +46 8 601 26 26, ir@hexagon.com

This is information that Hexagon AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on 23 April 2026.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/hexagon/r/hexagon-interim-report-1-january—31-march-2026,c4338783

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SOURCE Hexagon

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Dragonpass Empowers Financial Institutions with End-to-End Loyalty Solutions at Money20/20 Asia

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32 minutes ago

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April 23, 2026

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BANGKOK, April 23, 2026 /PRNewswire/ — Dragonpass, a leading global travel and lifestyle platform, participated in Money20/20 Asia, showcasing its customer loyalty solutions for banks, payment providers, credit card issuers, and fintech companies across APAC and globally.

As one of the most influential fintech events worldwide, Money20/20 Asia gathers decision-makers across the financial ecosystem. At the event, Dragonpass demonstrated how financial institutions can enhance customer engagement and build long-term loyalty through integrated travel and lifestyle experiences.

Established in 2005, Dragonpass has evolved from a lounge provider into a loyalty solutions partner, serving more than 800 global clients and over 40 million members worldwide.

At the core of Dragonpass is a business structure that combines global supply aggregation, a technology-enabled engagement platform, and consumer-facing lifestyle services — providing a one-stop solution across the customer lifecycle.

Leveraging data-driven insights, Dragonpass enables partners to design and optimise loyalty programs, incorporating customer segmentation and tiered incentive structures, alongside curated campaigns and entitlement configuration — driving more effective customer activation, engagement, and retention.

Its offering includes a broad portfolio of travel and lifestyle benefits such as airport lounge access, fast-track, dining, airport transfers, and lifestyle experiences. These are supported by flexible delivery models, including API integration, white-label solutions, and ready-to-deploy digital platforms, enabling seamless integration into clients’ customer journeys.

As customer expectations evolve, the industry is shifting from standardized benefits to more personalized, experience-led loyalty models. Insights from Dragonpass’s Loyalty Index show that customers increasingly value trust, rewards, simplicity, recognition, and exclusivity, with preferences varying across markets.

“Financial institutions today are looking for more effective ways to engage customers beyond traditional rewards,” said Jane Zhu, Co-founder and CEO of Dragonpass. “User engagement is at the core of loyalty, and technology — especially AI — plays a key role in enabling deeper and more relevant customer connections.”

Dragonpass works with leading global brands including Mastercard, Visa, HSBC, and Revolut, supporting them deliver differentiated value propositions and enhance customer engagement through scalable, customizable solutions.

Through its participation at Money20/20 Asia, Dragonpass aims to strengthen its presence in the APAC market and build strategic partnerships with organizations seeking to elevate their customer engagement strategies.

About Dragonpass

Dragonpass is a global travel and lifestyle platform providing premium airport and travel experiences across 140+ countries. By integrating global supply and technology, Dragonpass enables partners to deliver seamless, personalized experiences and drive customer loyalty.

Media Contact

Dragonpass PR
Email: brandmarketing@dragonpass.com
Website: www.dragonpass.com

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SOURCE Dragonpass

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SBI Life Insurance registers New Business Premium of ₹42,551 crores for the year ended on 31st March, 2026

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32 minutes ago

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April 23, 2026

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MUMBAI, India, April 23, 2026 /PRNewswire/ — SBI Life Insurance, one of the leading life insurers in the country registered a New Business Premium of ₹42,551 crores for the year ended on 31st March, 2026 vis-a-vis ₹35,577 crores for the year ended 31st March, 2025. Single premium has increased by 28% over the year ended on 31st March, 2025.

Establishing a clear focus on protection, SBI Life’s protection new business premium stood at ₹4,622 crores for the year ended 31st March, 2026, marking a growth of 13%. Protection Individual new business premium registered a growth of 23% and stood at ₹973 crores for the year ended 31st March, 2026. Individual New Business Premium stands at ₹29,783 crores with 13% growth over the year ended on 31st March, 2025.

SBI Life’s profit after tax stands at ₹2,470 crores for the year ended 31st March, 2026 with a growth of 2% over the year ended on 31st March, 2025.

The company’s solvency ratio continues to remain robust at 1.90 as on 31st March, 2026 as against the regulatory requirement of 1.50.

SBI Life’s AUM also continued to grow at 9% to ₹4,87,163 crores as on 31st March, 2026 from ₹4,48,039 crores as on 31st March, 2025, with the debt-equity mix of 62:38. 94% of the debt investments are in AAA and Sovereign instruments.

The company has a diversified distribution network of 3,58,506 trained insurance professionals and wide presence with 1,230 offices across the country, comprising of strong bancassurance channel, agency channel and others comprising of corporate agents, brokers, Point of Sale Persons (POS), insurance marketing firms, web aggregators and direct business.

Performance for the year ended March 31, 2026

Private Market leadership in Individual New Business Premium and Individual Rated Premium with market share of 25.5% & 22.9% respectively.Annualized Premium Equivalent (APE) stands at ₹ 24,266 crores with growth of 13%Individual New Business Sum Assured stands at ₹ 4,46,337 crores with 61% growthImprovement in 13M & 49M persistency by 53 bps & 107 bps respectivelyValue of New Business (VoNB) stands at ₹ 6,667 crores with growth of 12%VoNB Margin stands at 27.5%Indian Embedded value (IEV) stands at ₹ 80,791 crores with 15% growthProfit After Tax (PAT) stands at ₹ 2,470 crores with 2% growthOperating Return on Embedded Value stands at 19.7% Assets under Management stands at ₹ 4,87,163 crores with 9% growthRobust Solvency ratio of 1.90

Logo: https://mma.prnewswire.com/media/2672544/SBI_Life_25_Years_Logo.jpg

 

View original content:https://www.prnewswire.com/in/news-releases/sbi-life-insurance-registers-new-business-premium-of-42-551-crores-for-the-year-ended-on-31st-march-2026–302751447.html

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