Financial institutions stories
UK banks face rising fraud losses as organised crime outpaces them
Yesterday
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risk & compliance
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data privacy
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ai
UK banks face rising fraud losses up to GBP £40 million as criminals outpace detection despite growing use of behaviour-based analytics and increased tech spending.
AI deepfakes drive surge in cyberattacks, threatening trust online
Yesterday
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malware
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mdm
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phishing
AI-driven deepfakes fuel a rise in cyberattacks, tricking users with fake ads and video calls, risking billions in financial losses worldwide.
Thai organisations face surge in cyberattacks after border clash
2 days ago
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ddos
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cybersecurity
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threat intelligence
Cyberattacks on Thai organisations have surged following a deadly border clash with Cambodia, with hacktivist group AnonSecKh claiming dozens of attacks since March 2025.
CloudTech raises AUD $14 million to launch digital asset custody
Last week
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encryption
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fintech
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risk & compliance
CloudTech Group raises AUD $14 million, largely in Bitcoin and USDT, to launch institutional digital asset custody and expand its blockchain platform.
KX & NVIDIA launch AI Banker Agent to boost global trading
Last week
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data analytics
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rpa
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risk & compliance
KX and NVIDIA have launched the AI Banker Agent, an AI system designed to enhance real-time decision-making and client service in global trading markets.
Denodo earns Snowflake financial services competency
Last week
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digital transformation
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martech
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cdp
Denodo has earned the Snowflake Financial Services Competency, recognising its expertise in secure data management for banking, capital markets, and insurance.
APAC financial sector faces 245% surge in DDoS attacks, report finds
Last week
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firewalls
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ddos
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network security
Financial institutions in APAC faced a 245% surge in DDoS attacks last year, accounting for 38% of global incidents amid rising digital vulnerabilities.
Third-party cyber breaches surge 25% in Europe’s top banks
Last week
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malware
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firewalls
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endpoint protection
Third-party cyber breaches at Europe’s top 100 banks surged 25% last year, exposing systemic weaknesses in their digital supply chains under rising regulation.
Snowflake to acquire Crunchy Data to enhance Postgres for AI
This month
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saas
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data analytics
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martech
Snowflake announces plans to buy Crunchy Data, aiming to enhance its AI Data Cloud with an enterprise-ready PostgreSQL platform for AI applications.
Lextech strengthens leadership to manage AUD $6 billion growth
This month
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fintech
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cfo
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cto
Lextech appoints David Hobley CTO and Theo Tragoudistakis CFO to support AUD $6 billion growth in mortgage processing and legal services in Australia.
Taurus & Parfin join forces to boost digital assets in Europe
Last month
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fintech
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blockchain
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cloud services
Taurus partners with Parfin to enhance digital asset custody and trading infrastructure, aiming to boost institutional adoption across Europe and Latin America.
FICO & AWS expand AI decision platform via marketplace
Last month
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data analytics
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digital transformation
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hyperscale
FICO and AWS have teamed up to expand global access to AI-driven decision workflows, now available via AWS Marketplace Private Offers.
Salesforce launches Agentforce AI agents for financial services
Last month
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digital transformation
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fintech
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cx
Salesforce launches Agentforce for Financial Services, offering AI agents to automate tasks and boost personalised client engagement in banks and insurers.
NextWave & Diffblue join forces to transform testing in finance
Last month
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devops
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financial systems
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apm
NextWave Consulting and Diffblue team up to revolutionise software testing for financial firms, tackling delays and boosting test coverage with AI technology.
BioCatch & The Knoble launch toolkit to bolster scam defences
Last month
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risk & compliance
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genai
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ai
BioCatch and The Knoble have launched a toolkit to help banks quantify losses and build a business case for stronger authorised push payment scam prevention.
First-party fraud now top global threat, outpacing scams
Last month
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phishing
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physical security
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email security
First-party fraud now tops global cyberattacks, rising to 36% of cases in 2024, according to LexisNexis Risk Solutions’ Cybercrime Report.
BioCatch appoints Andreas Dombret to aid global expansion
Last month
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hyperscale
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fintech
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data privacy
BioCatch appoints Andreas Dombret as senior advisor to boost global growth and fight financial crime with innovative technology.
Extend launches open-source AI toolkit for smarter financial data
Last month
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data analytics
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fintech
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rpa
Extend launches open-source AI toolkit enabling businesses to enhance spend analysis and automate workflows via API integration with major AI frameworks.
Live AI interpretation bridges language gap at Consensus 2025
Last month
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fintech
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blockchain
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defi
Interprefy enhanced multilingual communication at CoinDesk Consensus 2025 in Hong Kong with AI-driven captions and live English-Mandarin interpretation for 500+ attendees.
Singapore Election a hotbed for cyberactivity: Are businesses ready?
Last month
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uc
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data protection
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ransomware
Singapore braces for increased cyber threats as General Election nears, with businesses urged to strengthen defences amid rising geopolitical tensions.