Financial institutions stories - Page 2
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Cyber Security experts respond to global IT outage
Mon, 22nd Jul 2024
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ai security
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healthtech
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crowdstrike
It comes after a major IT outage linked to a Windows security update stopped essential services around the world, causing significant disruption.
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CrowdStrike security issue causes global Windows system failures
Sun, 21st Jul 2024
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soc
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ai security
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healthtech
CrowdStrike's Falcon sensor causes global Windows BSOD, hitting emergency, banking, and aviation sectors.
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Endor Labs secures strategic investment from Citi Ventures
Thu, 18th Jul 2024
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virtualisation
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open source
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software development
Endor Labs secures strategic investment from Citi Ventures, boosting its mission to protect software supply chains for major financial institutions.
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UK businesses hit hard by AI-driven cyber threats, says report
Tue, 16th Jul 2024
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ai security
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hsbc
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financial institutions
A Darktrace report reveals that 71% of UK businesses have faced AI-powered cyber threats, with 95% feeling unprepared. Firms like Barclays and HSBC are at risk.
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eflow Global upgrades TZEC to combat market abuse with AI
Tue, 16th Jul 2024
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uc
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surveillance
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ai
eflow Global's TZEC upgrade leverages AI to enhance eComms surveillance, aiming to curb market abuse and meet strict regulatory demands amid rising fines.
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CloudSEK report uncovers rise in investment scams on social media
Fri, 5th Jul 2024
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whatsapp
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vietnam
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social media
CloudSEK reveals a surge in investment scams through WhatsApp and Telegram, with 29,000 fraudulent ads on Facebook and over 81,000 fake Twitter accounts.
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REGnosys donates Rune code to FINOS to streamline compliance
Tue, 2nd Jul 2024
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risk & compliance
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regtech
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financial institutions
REGnosys has open-sourced its regulatory language Rune to FINOS, aiming to streamline compliance and reduce UK banks' annual reporting costs of up to GBP £4.5 billion.
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Azul sees rapid growth in APAC driven by Oracle's price hikes
Thu, 27th Jun 2024
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oracle
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asia pacific
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financial institutions
Azul sees a surge in Asia Pacific, driven by Oracle's Java SE pricing changes and rising cloud costs. New bookings jumped 37% in FY24, with a 437% rise in Q1 FY25.
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BioCatch report underscores evolving fraud landscape in APAC
Wed, 26th Jun 2024
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endpoint protection
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fintechs
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email security
BioCatch's latest report on APAC digital banking fraud trends reveals a 70% rise in mobile app fraud and a dramatic 108% surge in voice scams, alongside a notable decline in fraud losses in Australia.
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OMS Group secures USD $292.5 million syndicate deal for expansion
Tue, 25th Jun 2024
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hsbc
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malaysia
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financial institutions
OMS Group has secured USD $292.5 million for global expansion in subsea telecommunications from a consortium including HSBC and KKR Capital Markets.
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Global banking fraud to hit USD $48bn by 2029, says study
Mon, 17th Jun 2024
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fintechs
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martech
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commerce systems
Bank fraud is projected to reach USD $48 billion globally by 2029, a 153% surge, driven by evolving AI tactics, says Juniper Research.
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Bendigo & Adelaide Bank embraces AI for tech modernisation
Mon, 17th Jun 2024
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ai
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modernisation
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financial institutions
Bendigo and Adelaide Bank pairs with MongoDB to modernise its core banking tech using MongoDB Atlas and generative AI, aiming to slash costs and boost innovation.
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Bank of China & Cogo launch new carbon tracking app
Thu, 13th Jun 2024
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martech
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cx
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nz
Bank of China (Hong Kong) has launched a feature allowing customers to track carbon emissions via spending, thanks to a new partnership with fintech firm Cogo.
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Transact Payments rebrands as TransactPay to mark new chapter
Tue, 11th Jun 2024
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cleantech
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financial institutions
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b2b
Transact Payments rebrands as TransactPay after a year-long transformation, aiming to strengthen its position as a premier BIN sponsor in the UK and Europe.
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Lucinity launches AI copilot plug-in at Money2020 Europe
Mon, 10th Jun 2024
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fintechs
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crm
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rpa
Lucinity unveils an advanced AI copilot plug-in at Money2020 Europe, promising instant ROI and up to 90% productivity boosts for financial institutions.
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Bank partners with Newgen Software to digitise onboarding
Fri, 7th Jun 2024
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fintechs
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cx
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martech
Centennial Bank partners with Newgen Software to digitise onboarding, enhancing customer experience with a streamlined, low-code automation solution.
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AI-driven identity fraud on the rise, says Signicat report
Thu, 30th May 2024
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financial institutions
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report
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b2b
A new report by Signicat and Consult Hyperion reveals the growing threat of AI-driven identity fraud across Europe, urging financial institutions to boost their defences.
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Currencycloud & Pyvio to streamline Chinese e-commerce payments
Wed, 29th May 2024
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fintechs
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payment technologies
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transactions
Currencycloud and Pyvio are partnering to enhance cross-border payment solutions for Chinese e-commerce businesses, aiming to simplify transactions in emerging markets.
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Exclusive: How Kyriba is optimising organisations financial strategies
Thu, 16th May 2024
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supply chain systems
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risk & compliance
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payment technologies
Financial strategies firm, Kyriba, is empowering CFOs and IT leaders in the APAC region with its AI-powered risk management solutions,.
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DataStax to launch AI-integrated data platforms HCDP & DSE 6.9
Thu, 16th May 2024
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converged infrastructure
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cx
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martech
DataStax is set to revolutionise enterprise data with the upcoming launch of its Hyper-Converged Data Platform and DSE 6.9, promising advanced AI and vector search capabilities.