Financial Services stories

SaaScada predicts transformative banking shifts by 2025, with multigenerational banking and ESG principles reshaping financial services in the UK.

Swiss AI governance startup Calvin Risk has raised USD $4 million in seed funding to enhance enterprise AI compliance and accountability.

EFI advises financial institutions on five key considerations for outsourcing AML operations amid rising regulatory pressures and operational costs.

A Skybox Security study reveals that network professionals waste nearly half their workweek on manual tasks, raising concerns over compliance and security risks.

GoCardless has teamed up with Rent The Roo to enhance payment experiences, eliminating dishonour fees and improving payment success rates for customers.

Pegasystems has appointed Ravesh Lala to lead its legacy transformation practice, leveraging over 20 years of experience in enterprise software and AI.

Semperis is expanding in Australia following a USD $125 million funding boost, targeting enhanced cyber resilience amid rising ransomware threats.

Nearly 10 million UK consumers are projected to embrace Buy Now, Pay Later schemes this Christmas, reflecting a significant shift in shopping behaviours.

A HubSpot study reveals just 17% of Australian businesses have adopted AI tools, despite personal use by 51% of leaders highlighting a significant gap.

OpenText has launched Cloud Editions 24.4, introducing AI-driven tools to enhance enterprise workflows and multi-cloud connectivity at OpenText World 2024.

EastWest Bank has teamed up with MoEngage to enhance its digital banking experience with tailored engagement solutions for clients across various sectors.

CommBox has raised GBP £12.3 million from PSG Equity to boost its AI technologies and expand its operations into new markets.

Leostream vows to support HP customers using Teradici Tera 2 chipsets in zero clients, amid HP's plans to phase out the product by 2024.

Industrial Thought has launched Raw Knowledge, a subsidiary dedicated to providing comprehensive ERI data and consultancy for offshore investment reporting.

Zodia Custody is partnering with Raffles Family Office Group and QCP to enhance digital asset services for institutional investors across Asia.

Data management platform Conduktor has raised USD $30 million in Series B funding to fuel its expansion into the US market amid soaring real-time data demand.

Grapple has surpassed AUD $500 million in processed invoices, reflecting a surge in demand for its financing solutions among Australian SMEs in 2024.

Fujitsu and SAP Fioneer have teamed up to develop a specialised cloud platform, aiming to enhance Japan's insurance sector by March 2026.

ChapsVision has acquired Sinequa, a leader in AI search solutions, alongside securing USD $90 million funding to boost growth and technology focus.

Ecommpay is urging e-commerce merchants to enhance checkout processes ahead of the festive season, with conversion rates averaging just 58%.