Connect with us

Technology

Finance firms face surging AI risks as conduct incidents average USD 14 million

Published

on

The share of C-suite executives identifying AI-related conduct risks as a top material risk has jumped from 16% over the past three years to 56% over the next three years, ranking first among non-financial risks.While executives report that major business conduct risk incidents rose by 55% between 2023 and 2025, with each incident costing USD 14 million on average, the majority of firms continue to invest in conduct data reactively rather than preventively.As financial firms scale AI across risk workflows, trusted data becomes essential to keep outputs relevant, accurate, and auditable – helping prevent hallucinations from spreading across models, dashboards, portfolios, and decisions.

ZURICH, June 11, 2026 /PRNewswire/ — RepRisk, the world’s most respected DaaS company for business conduct risks, today released new analysis from its global Business Conduct Risk Intelligence Report 2026, based on a survey of more than 500 C-suite executives across banks, asset managers, asset owners, and other financial institutions, conducted in collaboration with Oxford Economics.

Major risk incidents rise as costs mount

RepRisk’s new analysis estimates that firms face USD 28 million to USD 43 million in annual cost exposure from reputational and business conduct risks, with companies experiencing two to three significant incidents per year on average and each incident costing around USD 14 million. The most severe incidents average USD 37.6 million, highlighting the financial value of earlier detection and prevention.

Even modest improvements in monitoring – such as reducing incident frequency by 5% to 10% or accelerating escalation before issues intensify – could help mitigate multi-million-dollar losses annually. By enabling firms reduce blind spots, shorten decision cycles, strengthen governance, and improve auditability and decision confidence, structured business conduct risk intelligence creates measurable value, with C-suite executives surveyed expecting the ROI from these capabilities to double within three years.

AI risks surge as adoption scales

The report found that only 16% of executives identified AI-related conduct risks as a top material risk over the past three years – but 56% expect them to be a top material risk over the next three years. Against this backdrop, executives report that major business conduct risk incidents rose 55% between 2023 and 2025, while 67% say overall risk complexity has increased over the past year.

AI risks are surging just as banks, asset managers, asset owners, and other financial institutions are embedding AI into core workflows, from transaction due diligence and risk monitoring to portfolio oversight, compliance, KYC, and stewardship engagement. For financial institutions, the stakes are magnified by scale. Business conduct risk data can inform decisions across large portfolios, client relationships, counterparties, transactions, and internal control frameworks. If flawed or inconsistent data enters AI-driven workflows, errors can spread across models, dashboards, portfolios, and decisions – becoming difficult to identify, explain, or reverse after the fact.

“As we celebrate RepRisk’s 20-year anniversary, our founding mission, to bring transparency to business conduct risks to drive positive change, has never been more relevant,” said Philipp Aeby, CEO and Co-Founder of RepRisk. He added, “AI is moving deeper into financial decision-making, but models are only as trustworthy as the data and guardrails behind them. Hallucinations, inconsistent sources, and opaque methodologies can quickly scale into costly business decisions. Financial leaders want the speed of AI without the risks of black-box automation. They want trusted, AI-powered risk intelligence with humans in the lead, built on data they can explain, defend, and stand behind.”

The survey points to a clear preference for human-led AI when business conduct risk data informs material decisions. Across the full sample, 73% of executives report using human-AI hybrid approaches, while 67% trust hybrid data for material risk and investment decisions, compared with 35% for AI-only approaches. This preference is even stronger among banks, where 74% of respondents express confidence in human-AI hybrid data, underscoring demand for technology enhanced by expert oversight, rather than full automation.

About RepRisk

RepRisk is the world’s most respected Data as a Service (DaaS) company for reputational risks and responsible business conduct. Since 2006, RepRisk’s data has been trusted by the world’s leading banks, investment managers, Fortune 500 companies, sovereign wealth funds, and organizations such as the OECD and UN. Combining advanced AI with deep human expertise, and a proven methodology at the core, RepRisk’s solutions bring peace of mind, enabling clients to ‘know more, be sure, and act faster’. Our pioneering solutions help to strengthen due diligence processes across business conduct topics, such as biodiversity, deforestation, human rights, and corruption, empowering clients to identify, monitor, and mitigate reputational, compliance, and financial risks. Headquartered in Zurich, and with offices in Toronto, New York, London, Berlin, Manila, and Tokyo, we stay close to clients and bring an independent lens to the industry. United by our shared belief in the power of data, our 400 people are proud to be setting the global standard for business conduct data and driving positive change through transparency. Visit us at reprisk.com and follow us on LinkedIn

Contact –  Mathias Fürer, +41 41 552 30 01, media@reprisk.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/finance-firms-face-surging-ai-risks-as-conduct-incidents-average-usd-14-million-302797351.html

SOURCE RepRisk

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Highstar Launches Full-Chain Battery Cell Portfolio for AI Data Centers

Published

on

By

NANTONG, China, July 26, 2026 /PRNewswire/ — Highstar unveiled its full-chain battery cell solution for artificial intelligence data centers (AIDCs) at the 2026 GGII Energy Storage Industry Summit. The portfolio spans three critical power layers: grey-space UPS and high-voltage direct current (HVDC) systems, white-space battery backup units (BBUs), and grid-side energy storage.

Targeted cells for grey-space and white-space challenges

As AI workloads increase rack density and load volatility, data centers require faster response, dependable backup, controlled temperature rise and stronger lifecycle performance. Highstar’s solution centers on two products for the layers closest to computing loads.

For grey space, the 85Ah high-rate lithium iron phosphate cell is designed for UPS and HVDC systems that must deliver high power rapidly and sustain reliable backup under frequent pulse conditions. High-rate discharge, thermal control, safety and durability support compact system design while helping operators balance availability with lifecycle cost. In addition, the 50Ah sodium-ion battery cells are better suited for operation across a wide temperature range of -40°C to 80°C.

For white-space BBUs,  Highstar offers a portfolio of tabless cylindrical cells spanning 18650 and 21700 formats, with both LFP and high-nickel NMC chemistries. Designed for BBU applications, these cells deliver high instantaneous power, low internal resistance, reduced temperature rise and enhanced safety, while accommodating different rack-space, power and cost requirements.

Completing the chain with grid-side storage

The grid-side system uses 314Ah lithium-ion cells and 160Ah sodium-ion cells, balancing long-duration energy storage, cycle life, and rapid power support. Together, the three layers create a coordinated portfolio extending from rack-level protection and system-level backup to upstream energy storage.

The portfolio combines lithium-ion and sodium-ion chemistries with prismatic and cylindrical platforms. Highstar’s technology integrates cathode, anode, electrolyte and separator development with structural approaches including tabless current collection, precision pressure relief and directional venting.

From individual cells to application collaboration

The full-chain architecture is designed to reduce selection and integration complexity for power equipment suppliers, system integrators and data center operators. It also provides a common foundation for joint validation and application-specific development across AIDC power architectures.

During the summit, Highstar also participated in the launch of the “2026 Global AIDC Power Supply Industry Development Blue Book” and was honored as a “Top Benchmark in AIDC Energy Storage,” earning authoritative recognition from the industry.

View original content to download multimedia:https://www.prnewswire.com/news-releases/highstar-launches-full-chain-battery-cell-portfolio-for-ai-data-centers-302834892.html

SOURCE Jiangsu Highstar Battery Manufacturing Co.,Ltd.

Continue Reading

Technology

Huawei Unveils Upgraded Xinghe Intelligent Network for Southern Africa

Published

on

By

JOHANNESBURG, July 27, 2026 /PRNewswire/ — At the Huawei Network Summit 2026 held in Johannesburg, Huawei unveiled its upgraded Xinghe Intelligent Network Solution for the Southern African region under the new philosophy of “Secure and Intelligent Connectivity.” This move reaffirms Huawei’s efforts to advance all intelligence across industries together with customers and partners.

With the rapid rise of AI agents, AI is expanding beyond daily office tasks into mission-critical production services. Industry focus has recently pivoted from token consumption to Daily Active Agents (DAA)—signaling the arrival of mass agent adoption, which in turn necessitates fully upgraded next-generation networks.

Leon Wang, President of Huawei’s Data Communication Product Line, said, “As AI moves into core production, networks are shifting from ubiquitous ultra-broadband to AI-centric architecture building on four pillars: lossless compute to unleash computing power; integrated sensing and communications to enable AI perception; full-scope security to address AI-driven threats; and network autonomy to ensure always-on services.”

Powered by a next-generation intelligent network foundation, Southern Africa’s digital and intelligent transformation is embarking on an all-new path.

“Today, AI is becoming a key driver of global innovation, and its adoption in Africa is transitioning from pilot exploration to real-world deployment, accelerating intelligent transformation across sectors such as finance, education, and public services,” said Vincent Chen, Vice President of Enterprise Business, Southern Africa Region, Huawei. “For the Southern African market, Huawei’s goal is to advance all intelligence across industries by collaborating with industry partners to build intelligent, secure, and reliable network infrastructure for the AI era.”

With the explosive growth of AI agents, new scenarios and requirements are emerging rapidly, placing unprecedented technical demands on networks.

“Network infrastructure faces four major challenges on enterprises’ digital and intelligent journeys. These include the ever-widening gap between computing supply and demand; traffic pattern shifts driven by AI agents; surging O&M complexity; and new AI-driven attacks compounding the vulnerabilities of new systems,” said Arthur Wang, Vice President of Huawei’s Data Communication Product Line. “To address these challenges, Huawei has upgraded its Xinghe Intelligent Network Solution under the ‘Secure and Intelligent Connectivity’ philosophy. The first is an intelligence upgrade, expanding AI beyond O&M into the entire network. The second is a security upgrade, advancing from single-point defense to end-to-end protection that deeply converges network and security. Through these two key upgrades, we aspire to build the solid connectivity foundation for every enterprise in the Agentic AI era.”

Huawei also unveiled its upgraded Xinghe Intelligent Network product portfolio and the Xinghe AI CloudCampus SaaS Service Platform for the Southern African region. Shi Lei, Vice President of the NCE Data Communication Domain of Huawei’s Data Communication Product Line, stated, “In the past, intelligent O&M was a luxury exclusive to large enterprises. Now, we have deeply integrated AI into the cloud management service platform, enabling SMEs to easily access these capabilities as a cloud service. This is more than tech inclusion; it is about making AI network services genuinely accessible, affordable, and actionable.”

Also at the summit, Huawei presented honorary awards to 12 long-term customers for their remarkable shared journey in the data communication domain. Furthermore, industry pioneers across finance, healthcare, transportation, electric power, and ISP shared real-world success stories in accelerating digital transformation.

Looking ahead, Huawei will remain committed to its “AI for All, All on Secure IP” vision, continuously upgrading its Xinghe Intelligent Network Solution under the “Secure and Intelligent Connectivity” philosophy to stride into the intelligent era with customers and partners.

Photo – https://mma.prnewswire.com/media/3007749/image1.jpg

View original content:https://www.prnewswire.co.uk/news-releases/huawei-unveils-upgraded-xinghe-intelligent-network-for-southern-africa-302834898.html

Continue Reading

Technology

AnX Robotica Launches NaviCONNECT™: Connecting the Future of Capsule Endoscopy

Published

on

By

PLANO, Texas, July 26, 2026 /PRNewswire/ — AnX Robotica, a leader in advanced gastrointestinal diagnostic solutions, today announced the commercial launch of NaviCONNECT™, its next-generation cloud platform designed to streamline capsule endoscopy workflow, simplify practice management, and enhance connectivity across the NaviCam® portfolio of products.

NaviCONNECT provides healthcare providers with secure, cloud-based access to capsule studies and reporting, enabling clinicians to access studies from virtually anywhere. Designed to support the evolving needs of GI practices and health systems, NaviCONNECT delivers a modern, scalable platform that enhances operational efficiency, simplifies software updates, and provides the foundation for future innovations in artificial intelligence and enterprise connectivity.

“NaviCONNECT represents a significant milestone in our vision of delivering a fully connected capsule endoscopy ecosystem,” said Stu Wildhorn, Vice President of Marketing and Product Management at AnX Robotica. “By moving to a secure cloud-based platform, we are providing our customers the option of a simpler, more efficient way to manage capsule studies today while creating the infrastructure to support future AI capabilities, enterprise analytics, and expanded clinical workflow solutions.”

NaviCONNECT seamlessly integrates with the AnX Robotica NaviCam Small Bowel portfolio, including NaviCam SB with ProScan™ and NaviCam XS and is designed for future capsule technologies.

The launch of NaviCONNECT reinforces AnX Robotica’s commitment to advancing capsule endoscopy through innovative technologies that improve workflow, expand clinical capabilities, and enhance the experience for both providers and patients. As the foundation for the company’s digital strategy, NaviCONNECT will continue to evolve with new capabilities designed to support enterprise customers, AI-driven clinical insights, and the future of gastrointestinal diagnostics.

For more information about NaviCONNECT and the complete portfolio of AnX Robotica diagnostic technologies, visit www.anxrobotica.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/anx-robotica-launches-naviconnect-connecting-the-future-of-capsule-endoscopy-302834696.html

SOURCE AnX Robotica

Continue Reading

Trending