European AI financial startup Plinto raises €2.9 million to expand transaction monitoring tools

eu-startups

Copenhagen's Plinto raises €2.9 million to help finance teams catch and fix errors with AI agents Plinto, a Copenhagen-based startup building an AI-powered controlling platform, has secured €2.9 million in pre-Seed funding. The round was led by People Ventures and Emblem, with participation from a group of business angels.  "Companies have systems that record every single transaction, but checking whether those transactions actually match agreements and rules is still largely manual. […] The post Copenhagen's Plinto raises €2.9 million to help finance teams catch and fix errors with AI agents appeared first on EU-Startups.

about 1 hour ago

expansion

SWI invertirá 500 millones en chips de Nvidia para un 'data center' en Madrid Firma un primer acuerdo para alquilar a Templus 13 MW de su centro de datos de Alcalá de Henares (Madrid). Su plan es que la infraestructura esté totalmente operativa en primavera de 2027. Leer

about 1 hour ago

rtl nieuws

'Miljoenenstrop Albert Heijn: cyberprobleem kost tot 150 miljoen euro omzet' Albert Heijn loopt door de cyberproblemen naar schatting 120 tot 150 miljoen euro aan omzet mis. Dat berekenen twee retailexperts op verzoek van RTL Z. In de winkels waren de schappen leeg en de bezorging van boodschappen viel zelfs volledig stil.

about 2 hours ago

emerging europe

Information attacks are the new operational risk for companies in emerging Europe The pattern is simple. An anonymous source. Cheap reach. Fake accounts to make it look big. And whoever speaks first sets the story. This summer, a Ukrainian IT company called Fractal was attacked. Not by missiles, but by anonymous online channels. In two months, almost 110 stories about its co-founder, Artem Borodatiuk, appeared online. They […] Information attacks are the new operational risk for companies in emerging Europe was originally published on Emerging Europe.

about 2 hours ago

Reuters (Bluesky)

How safe havens stack up as tech, energy and France fears grip markets reut.rs/4eFGh4I

about 2 hours ago

cyprus mail

National Bank of Greece buys back 330,000 shares for €5.36 million The National Bank of Greece has purchased 330,000 of its own shares for a total of €5.36 million as part of an ongoing buyback programme approved by shareholders earlier this year. The bank acquired the shares on Euronext Athens between October 8 and October 15, at a weighted average price of €16.2581 per share, according […]

about 2 hours ago

the hacker news

Hackers Use New ROMULUS ClickFix Platform to Deliver LegionLoader and Other Malware Cybersecurity researchers have disclosed details of a ClickFix delivery platform called ROMULUS that's being used to distribute malware such as Legion Loader. According to Forescout Research - Vedere Labs, ROMULUS is akin to a malware delivery service that employs ClickFix-style lures on bogus landing pages to trick unsuspecting users into running malicious commands and infecting their own

about 3 hours ago

financial times

Microsoft gives data centre hopefuls a pre-IPO reality check The US tech giant calling time on its Nscale deal exposes faultlines running through this fast-growing area of the AI sector

about 3 hours ago

computer weekly

CIOs admit they are being forced to upgrade enterprise IT A Censuswide survey of 2,018 CIOs and senior IT decision-makers at large organisations in the US and UK for third-party support company Origina has found that organisations spend almost $13m on upgrades pushed by IT providers. On average, 28% of enterprise software budgets go on upgrades, migrations and licensing changes driven by their IT suppliers. IT leaders who took part in the study reported that their organisation would not have actively chosen to upgrade. This has a profound effect on new projects, which extends to artificial intelligence (AI) initiatives. Asked about the last time an AI or data programme was slowed, paused or cancelled, 34% said IT supplier-driven costs made a major contribution to that decision, and a further 56% a moderate one. The research published in Origina's The software tax report, in partnership with Thinkers50, suggests these costs have shifted the balance of power between buyers and sellers. Customers exercise choice once, at the point of purchase. After that, control over the timing and terms of change passes largely to the IT supplier. Out of those surveyed, 78% agree their primary provider of enterprise software, rather than their own organisation, sets the timing and terms of change. A similar proportion said they would have no meaningful choice but to accept if a major enterprise IT provider changed its commercial terms. Some 76% said their organisation has very little real leverage in negotiations, and 80% said moving away from major IT suppliers would cause significant disruption. While software as a service (SaaS) and cloud computing make deployment, updates, access and security simpler, the report's authors said that the shift from owning software to renting access also changed the economic relationship. "Switching off a service became easier technically; switching away from the provider could become harder commercially and operationally," they warned. "Over several decades, dependence accumulated with few external guardrails to constrain it." Marshall Van Alstyne, professor at Boston University and co-author of The software tax, said: "Economists have studied this problem for decades: once a customer makes relationship-specific investments, the vendor gains leverage that no contract can fully anticipate. "For CIOs, the lesson is simple: negotiate the exit before the entry. You don't have to leave a vendor to benefit from being able to." The report points out that an organisation can rationally accept an unfavourable upgrade if refusing it means losing support, creating a security risk or jeopardising access to software on which critical operations depend. "What looks irrational when the upgrade is considered in isolation may be perfectly rational when the available alternatives are considered alongside it," the report's authors said. "The customers in this survey had a choice, but by the time it had to be made, their realistic options had already narrowed." Tomás O'Leary, CEO and founder of Origina and co-author of The Software Tax, said: "When the alternative to an unwanted upgrade is losing support on systems the business runs on, saying yes is often a rational response. "That's exactly the problem. The market has left some of the most experienced technology leaders in the world with little room to refuse, and that cost shows up in budgets, in engineering time and in innovation that never gets funded. We want to make that cost visible so customers can start to take back control of it." Read more software licensing stories APAC firms ditch Oracle Java to cut costs amid AI demands: Rising Oracle Java licensing fees and the massive infrastructure requirements of AI workloads are driving the region's businesses to migrate to OpenJDK distributions. Why some VMware customers pay for upgrades they never use: The sheer complexity of migrating off VMware is one of the reasons some organisations continue their VCF subscriptions.

about 3 hours ago

the next web

Cognizant puts 18,000 staff behind Google's Gemini in AI agent push Cognizant and Google Cloud have formed a Gemini Frontier Capability Group, with more than 18,000 Cognizant staff dedicated to building AI agents for clients on Google's Gemini. It will focus on updating old systems, developer tools, business process automation and cyber defence. No financial terms were disclosed. Cognizant is dedicating more than 18,000 staff to […] This story continues at The Next Web

about 9 hours ago

bleepingcomputer

Nikkei discloses third data breach in a month, 1.8M records exposed Nikkei Inc. disclosed a new data breach, the third in about a month, that exposed 1.83 million personal information records. [...]

about 10 hours ago

the verge

CoreWeave's debt is becoming the whole AI industry's problem CoreWeave had a bad week last week. Its bonds slipped into distressed territory by a common definition - when investors demand 1,000 basis points more in yield than they'd get from government bonds. Last Tuesady Chamath "SPAC King" Palihapitiya noticed the distressed debt, and also asked whether the AI buildout was a private credit bubble. […]

about 10 hours ago