Financial institutions stories
AI-fuelled bank scams rise, impersonating officials with ease
Today
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ai
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identity theft
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victim support
A recent report reveals that criminals are increasingly employing artificial intelligence to enhance bank scams, making them harder to detect.
Ondo Finance launches tokenised US Treasuries on XRP Ledger
3 days ago
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blockchain
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defi
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cloud services
Ondo Finance has unveiled tokenised U.S. Treasuries on the XRP Ledger, boosting institutional access to short-term securities via Ripple USD.
Real-time KYC: Tipping the balance in corporate banking’s digital revolution
3 days ago
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data analytics
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digital transformation
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fintech
As corporate banking undergoes a digital transformation, real-time KYC processes powered by Corporate Digital Identity are set to significantly enhance operational efficiency.
AI revolutionising financial crime detection by 2025
4 days ago
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quantum computing
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ai
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outsourcing
The future of financial crime prevention is being reshaped by AI and quantum computing, presenting both opportunities and risks, says Efficient Frontiers International.
Azul ensures Java solutions comply with DORA EU standards
Last week
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risk & compliance
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cybersecurity
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software development
Azul has confirmed that its Java solutions now meet the European Union's Digital Operational Resilience Act (DORA) requirements, aiding financial institutions in compliance.
DORA compliance deadline impacts EU financial sector
This month
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data protection
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advanced persistent threat protection
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risk & compliance
The deadline for the EU's Digital Operational Resilience Act has arrived, pushing financial institutions to enhance their cybersecurity and compliance practices.
Citi & Barclays invest in Validis for banking innovation
This month
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risk & compliance
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financial institutions
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data automation
Citi and Barclays have invested in Validis to boost banking innovation, focusing on automated data standardisation for improved lending processes.
Azul's OpenJDK solutions comply with EU's DORA standards
This month
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advanced persistent threat protection
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risk & compliance
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software development
Azul has confirmed that its OpenJDK solutions comply with the Digital Operational Resilience Act, bolstering digital resilience for EU financial institutions ahead of the 2025 deadline.
Backbase highlights banking trends shaping the industry in 2025
This month
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data analytics
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fintech
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cx
Backbase forecasts a USD $1 trillion transformation in banking by 2025, urging traditional banks to innovate or face a 30% market share loss to digital rivals.
Kobble unveils platform to revolutionise finance in Australia
Last month
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cryptocurrency
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fintech
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blockchain
Kobble has unveiled a new Embedded Finance Platform designed to tackle inefficiencies in Australia's financial sector caused by failed IT projects.
Futurex partners with Cake to launch cloud payment system
Last month
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document management
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digital transformation
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encryption
Futurex has teamed up with Cake, Vietnam's leading digital bank, to launch the country's first fully cloud-based Card Management System.
Digital resilience rules for ICT providers from 2025
Last month
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cybersecurity
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software updates
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insurance
The Digital Operational Resilience Act will come into force on 17 January 2025, impacting ICT providers linked to the financial services sector.
Morgan Stanley partners with Wise to boost FX settlements
Last month
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financial institutions
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forex
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wise
Morgan Stanley has partnered with Wise to enhance its foreign exchange settlement capabilities, marking a first for an investment bank in this area.
Radware strengthens AI security for top Italian bank
Last month
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firewalls
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network security
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cloud security
Radware is boosting its AI-driven security services for one of Italy's top five banks, aiming to combat rising cyber threats and comply with EU regulations.
Stefan Krause joins artius.iD as strategic advisor
Last month
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cartech
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cybersecurity
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financial institutions
Security and digital ID firm artius.iD appoints Stefan Krause, ex-CFO of BMW and Deutsche Bank, to its Board of Strategic Advisors amid growing cybersecurity challenges.
Hands-on Review: Norton 360 Platinum with the new Financial Monitoring
Last month
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reviews
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advanced persistent threat protection
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data privacy
Norton has launched Financial Monitoring within its 360 Platinum suite, enhancing users' financial security by tracking unusual activity and subscription changes.
Pegasystems unveils AI-driven Pega Smart Investigate update
Last month
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rpa
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genai
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ai
Pegasystems has unveiled the latest Pega Smart Investigate Enterprise Edition, enhancing banks' capabilities in processing payment exceptions with AI automation.
Financial sector's growing focus on cloud resiliency in 2023
Last month
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dr
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cloud security
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advanced persistent threat protection
The Cloud Security Alliance's new report reveals that 78% of financial institutions use single-cloud systems, emphasising resilience amid rising cyber threats.
UK & US firms face rising data costs despite upgrades
Last month
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cloud services
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cto
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data management
A new study reveals that 94% of financial institutions in the UK and US anticipate rising data budgets, raising concerns over cost control amid increasing expenses.
Visa mandates end of SMS OTPs to tackle AI-driven scams
Last month
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cx
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phishing
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martech
Visa will require Australian financial institutions to move beyond SMS One-Time Passwords for payments by October 2026 to combat rising AI-driven fraud.