TechDay UK - The United Kingdom's, technology news network

Digital Banking stories - Page 4

Cloud & Digital Banking solutions allow banks, credit unions and financial institutions to host computing services via the Internet, which helps them to be more efficient and reactive. Types of services include data storage, servers, or communication and networking as well.

Banking institutions deliver tools and solutions such as payment gateways, digital wallets, and secure online payments. The major strength of cloud banking comes from the private cloud used to manage these solutions, which increases the reliability and the flexibility of it.
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Parkable tech revives unused parking spaces, generates millions in revenue
Fri, 10th May 2024
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New tech by Parkable may boost Australian landlords' fortunes by converting underutilised city-centre parking into flexible spaces, tapping into millions of potential revenue.
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Executives plan to boost generative AI investments, Accenture survey shows
Thu, 9th May 2024
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Nearly 90% of executives managing supply chains and production seek to ramp up investment in generative AI, but there's a recognised need for advanced training and comprehension of the technology, Accenture's 'Pulse of Change' survey reveals.
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AI's role in shaping future workplaces explored in annual Work Trend Index
Thu, 9th May 2024
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Microsoft and LinkedIn's annual Work Trend Index reveals how AI is transforming workplaces, with New Zealand leading in AI adoption despite lacking comprehensive implementation plans.
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ANZ small businesses weigh increased marketing amid economic concerns
Thu, 9th May 2024
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Despite economic concerns, 46% of Australian and New Zealand SMBs plan to increase marketing spend in a bid to survive, with 48% set to raise their budgets by at least 10%, finds survey.
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Kore.ai research finds AI preference among contact centre agents & consumers
Wed, 8th May 2024
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New research by Kore.ai shows a shift towards AI-driven solutions in customer service, with agents prioritising AI tech over fair pay, and consumers applauding AI's precision and reliability.
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Check Point report shows 154% rise in cloud security incidents in 2024
Tue, 7th May 2024
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cloud security
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advanced persistent threat protection
Check Point's 2024 Cloud Security Report reveals a dramatic 154% rise in cloud security incidents in a single year amid escalating cyber threats, showing an urgent need for AI-driven security solutions.
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Australian firms hindered by internal comms in tackling cyber threats
Mon, 6th May 2024
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fintech
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application security
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financial systems
Poor internal communication and a disconnect between security teams and C-suite executives are leaving Australian businesses vulnerable to cyber threats, a Dynatrace survey reveals.
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Volopa integrates with Microsoft Dynamics 365 bolstering finance tools
Mon, 6th May 2024
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xero
Payments provider Volopa collaborates with Microsoft Dynamics 365, enhancing its expense management tools, building on partnerships earlier this year with ClearBank and Yapily.
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Dubai fintech Fils & Pakistan's TPS partner for green banking initiative
Mon, 6th May 2024
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cleantech
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climate change
Dubai's climate fintech Fils partners with Pakistan's TPS to integrate sustainability infrastructure, enabling institutions across Asia to monitor their carbon emissions and buy top-tier carbon credits.
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Outpayce, Amadeus's fintech, receives Spanish e-money licence
Mon, 6th May 2024
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microsoft
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online banking
Outpayce, fintech arm of Amadeus, is licensed by the Bank of Spain to offer regulated payment services and issue prepaid virtual cards, consolidating its position in Spain's e-money market.
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Australian firms see customer rates hit by increasing fraud
Thu, 2nd May 2024
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LexisNexis Risk Solutions' study reveals 80% of Australian firms recognise fraud significantly impacting customer conversion rates.
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MYOB updates platform for easier SMB user experience
Thu, 2nd May 2024
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accounting systems
MYOB has updated its business management platform to simplify navigation for small-to-medium businesses, enhancing usability.
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Australian firms struggle to understand CISO role, says Fastly
Thu, 2nd May 2024
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cybersecurity
A recent survey by Fastly reveals 81% of Australian businesses have a CISO role, but there remains significant confusion around the role's responsibilities and value.
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New Relic report uncovers ongoing trends in Java adoption
Wed, 1st May 2024
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New Relic's fourth annual State of the Java Ecosystem report reveals latest trends in Java development and adoption, highlighting significant growth in Java 21's uptake and shifts in preferred Java Developer Kits.
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Australian firms at risk due to evolving cybercriminal sophistication
Wed, 1st May 2024
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biometrics
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mfa
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fintech
Growing sophistication of cybercriminal identities threatens Australian enterprises, as only over one-third implement multi-factor authentication, leaving them vulnerable to AI-driven attacks, reports Ping Identity.
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Aussies sceptical about AI banking, prefers human interaction - study
Wed, 1st May 2024
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accounting systems
Despite a surge in digital banking, 58% of Australians remain uncertain about AI-enhanced services due to job loss fears, data security concerns, and a preference for human interaction, says a Publicis Sapient study.
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Australians largely in the dark about Open Banking, Waave study reveals
Wed, 1st May 2024
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financial systems
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payment technologies
Despite the introduction of Consumer Data Right (CDR) five years ago, 68% of Australians remain unaware of the Open Banking concept, according to a survey by payment tech company, Waave.
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Xero invests USD $25m in Deputy for seamless business management solution
Wed, 1st May 2024
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financial systems
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xero
In a strategic partnership, small business platform Xero invests USD $25 million in shift work platform Deputy to offer comprehensive business solutions, integrating the companies' accounting, payroll, and workforce management systems.
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AI disruption triggers change in data analytics in 61% of organisations
Wed, 1st May 2024
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data analytics
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financial systems
AI-driven disruption induces pivotal alterations within data and analytics operations across 61% of businesses, as revealed by Gartner's global CDAO survey.
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C-suite executives concerned over company's anti-money laundering processes
Thu, 25th Apr 2024
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financial systems
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risk & compliance
Despite budget cuts, a new survey reveals worries among UK c-suite executives over their firms' anti-money laundering procedures, with 49% partially confident in their compliance.