Financial institutions stories - Page 3
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Paymentology & Audax partner to revolutionise card services
Thu, 16th May 2024
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fintechs
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cx
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blockchain
Paymentology and Audax join forces to deliver an innovative Cards-as-a-Service solution, simplifying and speeding up card programme launches for banks and FIs in Southeast Asia and the Middle East.
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Future-proofing financial services: The new era of AI-enhanced identity security
Wed, 15th May 2024
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digital transformation
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risk & compliance
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data privacy
AI-enhanced identity security is essential as 93% of financial services leaders grapple with data breaches. How can AI modernise and fortify their defences?.
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Report reveals 76% of banks face sophisticated fraud threats
Fri, 10th May 2024
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biometrics
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email security
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money laundering
Report reveals increase in fraud cases amongst banks, with money laundering, account takeovers, and AI-generated threats posing significant risks.
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Tech Data Capital expands to Singapore, Australia & India
Wed, 8th May 2024
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financial institutions
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singapore
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australian
Tech Data Capital is set to launch in Singapore, Australia, and India, offering flexible financing for IT channel partners and end-users to fuel growth within the region's tech ecosystem.
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Finastra & OpenFin unite to boost Kondor's treasury banking system
Mon, 6th May 2024
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risk & compliance
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microservices
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financial institutions
Finastra partners with OpenFin to enhance the user experience on Kondor, Finastra's bank treasury management system, streamlining decision-making processes for banks.
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Australian firms see customer rates hit by increasing fraud
Thu, 2nd May 2024
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fintechs
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ai
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fraud
LexisNexis Risk Solutions' study reveals 80% of Australian firms recognise fraud significantly impacting customer conversion rates.
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AI's role in global digital fraud exposed by BioCatch study
Wed, 1st May 2024
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ai
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fraud
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digitisation
A BioCatch study reveals that artificial intelligence (AI) is increasingly used by criminals for financial crime and digital fraud, posing significant challenges to global financial institutions.
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Customers vs banks - Where should the buck stop in preventing finance scams?
Wed, 24th Apr 2024
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advanced persistent threat protection
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cybersecurity
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fraud
As cybercrime rates surge, Australia's major banks grapple with responsibility for preventing financial scams, prompting critical discourse on customer versus bank account protection roles.
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Bridgewise secures $21M funding led by SIX Group & Group 11
Tue, 23rd Apr 2024
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ai
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cybersecurity
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investment
AI-based analysis platform Bridgewise secures $21m in funding led by SIX Group, raising total capital to $35m to expand reach and enhance its AI technology for global security insights.
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Ozone API partners with Thistle Initiatives for PSD3 compliance readiness
Thu, 18th Apr 2024
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fintechs
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risk & compliance
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open data
Global open banking leader, Ozone API, has formed a strategic partnership with Thistle Initiatives to help financial institutions achieve compliance with the forthcoming Third Payment Services Directive (PSD3).
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Fils partners with Aion to integrate ESG values in Middle Eastern finance
Thu, 18th Apr 2024
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cleantech
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fintechs
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sustainability
Fintech operator Fils joins forces with digital banking provider Aion to fuse ESG principles into Middle East finance, leveraging Green APIs to track and reduce emissions.
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Cogo & Personetics introduce AI-powered sustainable banking
Wed, 17th Apr 2024
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fintechs
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cx
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martech
Cogo partners with AI-firm Personetics, pioneering climate-conscious banking by aiding customers in understanding and managing their carbon footprints based on their spending habits.
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Frollo urges collaboration to improve Australia's Open Banking data quality
Wed, 17th Apr 2024
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fintechs
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accc
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westpac
Frollo, Australia's Open Banking service provider, urges a collaborative strategy to enhance the data quality in the nation's Consumer Data Right framework, supporting superior financial outcomes.
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Oracle launches AI-powered platform to combat money laundering
Tue, 9th Apr 2024
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risk & compliance
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ai
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money laundering
Oracle unveils AI-powered Finance Services Compliance Agent to help banks combat a predicted $5.05tn in money laundering in 2024, through enhanced transaction monitoring and risk-control efficiency.
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Overcoming the data challenges associated with gen AI deployments
Wed, 3rd Apr 2024
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uc
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encryption
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data privacy
As gen AI tools transform multiple sectors, businesses need to tackle key challenges including concerns over data privacy, inherited biases, and ethical dilemmas.
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Financial institutions increasingly deploy AI in fight against fraud
Tue, 2nd Apr 2024
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risk & compliance
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ai
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financial institutions
Amid growing fraud concerns, a study reveals 70% of financial institutions are turning to AI and machine learning to bolster defenses, marking a notable shift towards tech innovation.
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FICO survey reveals identity theft & fraud fears among Indonesians
Mon, 1st Apr 2024
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physical security
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fintechs
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financial systems
FICO's study reveals prolonged fears of identity theft among Indonesians, as 36% remain anxious, heightening vulnerabilities to financial loss and credit damage amid growing risks from real-time payments.
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Aryza Group launches Aryza Decide for improved credit risk management
Wed, 20th Mar 2024
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financial institutions
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credit risk
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aryza group
Aryza Group unveils dynamic, standalone system, Aryza Decide, geared to revolutionise credit risk management in the lending industry and encouraging operational efficiency.
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Selector unveils enhanced AIOps platform with GenAI
Tue, 19th Mar 2024
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devops
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apm
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ai
AIOps startup, Selector, unveils its Spring 2024 product with features like GenAI and advanced full-stack monitoring.
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iManage adds 300 customers, 2023 recurring revenue jumps 36%
Fri, 15th Mar 2024
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uc
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cx
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martech
iManage, a London-based cloud services company, records impressive growth in 2023 with the addition of over 300 new customers and a 36% jump in annual recurring revenue.