Financial Services stories - Page 9

Bridewell research reveals 59% of financial services businesses have faced ransomware attacks in the past year, with legal fines and reputation damage as key repercussions.

Akamai's latest report reveals a 65% hike in web attacks on APIs and applications in APJ, peaking in June 2024 with 4.8 billion incidents.

DLA Piper's 2024 Global M&A Intelligence Report reveals evolving trends in M&A, with notable shifts in deal processes, AI integration, and ESG factors impacting transactions globally.

Gcore has raised USD $60 million in its first Series A round to enhance its AI-driven cloud and edge solutions, led by Wargaming and other investors.

Sage expands its partnership with Stripe to enhance payment processing and cashflow management for small and mid-sized businesses.

NVIDIA introduces AI Foundry with Llama 3.1 models and NIM microservices, aiming to boost generative AI capabilities for enterprises, with Accenture as the first adopter.

Rimini Street is set to revolutionise tech support in the financial sector, offering robust and cost-effective solutions for digital transformation.

Equinix will acquire three data centres in the Philippines from Total Information Management, marking its entry into the Filipino market.

Airwallex has secured an Australian Financial Services Licence to provide retail investment products, broadening its financial services. The move follows the launch of Airwallex Yield for wholesale customers.

The global campaign management software market is set to soar to USD$4.8 billion by 2024 and may reach USD$10.2 billion by 2034, driven by AI and cloud innovations.

A staggering 95% of UK and US firms struggle with data issues, as revealed by esynergy, with ineffective governance undermining business operations and decision-making.

A survey reveals a third of Brits faced tech glitches in banking last year, with 30% eyeing bank switches. Roq's Paul Darby stresses tech reliability.

Intelliworx promotes Joy Johnson to lead UK and US client services, aiming to capitalise on the booming cybersecurity market and company's growth.

The financial services sector in the UK is grappling with a severe talent shortage, as 160,000 workers need upskilling to drive essential digital transformation.

BGF has invested GBP £5 million into Cardiff's PureCyber, a fast-growing cybersecurity firm, appointing Ben Marnham as Non-Executive Chair to spearhead further growth.

Report reveals a disconnect between perceived and actual data security, with 63% of firms overestimating their protective measures despite record data breaches.

Redactive AI secures $11.5M in seed funding to revolutionise enterprise AI with a focus on security and permissions, attracting key venture firms.

MoEngage launches a new platform in Australia, aimed at helping financial institutions tackle inefficiencies and deliver personalised customer experiences in real time.

Insight Enterprises acquires New World Tech, aiming to boost digital transformation expertise in public and private sectors with strategic consulting and cutting-edge solutions.

HCLTech has claimed top positions in 21 categories in Institutional Investor Research's 14th Annual Asia Executive Team survey, highlighting its ESG and investor relations excellence.