Banking stories - Page 18

MUFG Pension & Market Services announces CEO Dee McGrath will retire on 30 June 2025, with Frank Lombardo appointed to lead its Australia and New Zealand operations.

Encompass has unveiled its EC360 platform to revolutionise corporate client verification in banking, addressing outdated processes amid rising competition.

India's rapid digital growth boosts economy but increases cyber threat risks, targeting sectors from energy to healthcare, warns expert Shibu Paul.

As corporate banking undergoes a digital transformation, real-time KYC processes powered by Corporate Digital Identity are set to significantly enhance operational efficiency.

EPAM Systems is expanding its partnership with Google Cloud to deliver AI-powered solutions across media, energy, and retail sectors, driving digital transformation.

Hexaware Technologies has partnered with Amazon Web Services to enhance cloud adoption and deliver generative AI solutions across multiple sectors.

Microblink has reported robust growth in 2024, buoyed by rising demand for its identity verification solutions and expanded integration on Google Cloud.

Index Engines celebrated a transformative year in 2024, reporting a remarkable 112% sales increase in the banking sector fueled by rising ransomware threats.

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.

Experts predict that 2025 will revolutionise AI in banking, enhancing fraud prevention, risk management, and customer experience, according to SAS.

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.

Bureau has raised USD $30 million in a Series B funding round, aiming to tackle the global fraud crisis, which costs USD $486 billion each year.

INFORM Australia reports a staggering 138% revenue growth since 2022, promoting Matthew Wittemeier to Director of Strategy ANZ to drive further innovation.

A new report reveals banks using Corporate Digital Identity reduce onboarding time by 32%, enhancing compliance accuracy and operational efficiency.

A Ripjar study reveals over 60% of compliance teams expect Generative AI to revolutionise Anti-Money Laundering processes within two years.

A Wise survey reveals New Zealand SMEs face significant hurdles in global expansion, particularly high costs and hidden fees in international payments.

A report reveals that 60% of banking leaders are integrating generative AI technology into operations, outpacing other sectors in adoption rates.

As the EU's DORA regulation looms, financial firms are urged to bolster digital resilience or risk severe operational disruptions by January 2025.

Attestiv has unveiled a new deepfake detection platform to help individuals and businesses tackle the rise of fake videos amid growing digital deception concerns.

Stake has launched PayTo for real-time transfers, partnering with Zepto to enable customers to manage automated deposits directly from bank accounts.