Financial institutions stories - Page 1

Frollo, Australia's Open Banking service provider, urges a collaborative strategy to enhance the data quality in the nation's Consumer Data Right framework, supporting superior financial outcomes.

Oracle unveils AI-powered Finance Services Compliance Agent to help banks combat a predicted $5.05tn in money laundering in 2024, through enhanced transaction monitoring and risk-control efficiency.

As gen AI tools transform multiple sectors, businesses need to tackle key challenges including concerns over data privacy, inherited biases, and ethical dilemmas.

Amid growing fraud concerns, a study reveals 70% of financial institutions are turning to AI and machine learning to bolster defenses, marking a notable shift towards tech innovation.

FICO's study reveals prolonged fears of identity theft among Indonesians, as 36% remain anxious, heightening vulnerabilities to financial loss and credit damage amid growing risks from real-time payments.

Aryza Group unveils dynamic, standalone system, Aryza Decide, geared to revolutionise credit risk management in the lending industry and encouraging operational efficiency.

AIOps startup, Selector, unveils its Spring 2024 product with features like GenAI and advanced full-stack monitoring.

iManage, a London-based cloud services company, records impressive growth in 2023 with the addition of over 300 new customers and a 36% jump in annual recurring revenue.

Financial crime compliance costs have soared, driven by increased regulations, technology costs, and ongoing battles against evolving financial crimes.

DCI Indonesia has launched its E1 Tier IV data centre in central Jakarta, offering high service quality and latency benefits to clients across sectors like banking, telecoms, manufacturing, and state-owned firms.

As mere 2p in every £1 invested in early-stage UK businesses goes to women, the IWD 2024 focus is on addressing the disparity in funding for female entrepreneurs.

Clear, accessible shareholder communication is vital to empower a growing generation of female investors, in an increasingly complex financial climate.

Finastra appoints Mike Stawchansky, an expert with over 25 years in the tech sector, as Senior VP and Chief Technology Innovation Officer to boost customer technology and Gen AI innovation.

Digital learning tools hold a potential catalyst for boosting the economic presence of women, as this IWD 2024 highlights, aiming to bridge the gap for unbanked women in Asia-Pacific.

Business Systems Ltd appoints Mike Wardell, former Giacom CEO, who steered the firm to £100M revenue, as its new CEO, cementing the firm's commitment to overseeing digital transformation, compliance solutions and cultivating strong corporate culture.

Bitcoin hits an all-time high against the NZD, nearing a similar historic landmark in USD, amid burgeoning global interest in the cryptosphere.

Finastra partners with South Korean risk and compliance firm UNITAS to drive digital transformation in local banking operations, tapping into UNITAS's expertise and Finastra's advanced treasury system.

Jersey Telecom’s acquisition of Australian tech company Spectrum bolsters the fight against online payment fraud, reinforcing security on a global scale.

Despite a 27% drop from December 2023, January 2024 saw a three-year high in ransomware attacks, reflecting a year-on-year rise. NCC Group's analysis shows Lockbit remains the top perpetrator.

Finastra has inked a new partnership with Taiwan's SYSTEX to boost digital transformation and growth in Taiwan's banking sector, with SYSTEX to resell Finastra's Kondor and Risk solutions.

Visa uses AI to help New Zealand financial institutions prevent $273m in fraud, marking a three-fold increase from 2021 and highlighting the pivotal role of AI in financial security.

Data Zoo, an award-winning global identity provider, has appointed former London Stock Exchange Group executive, Charlie Minutella, as its new CEO, signalling a major strategic shift.

BlueVoyant's second report on external cyber defence trends highlights emerging risks beyond IT perimeters, including AI's role in intensifying cyber attacks.

Tech and cybersecurity veteran Kate Reed joins global Privileged Access Management provider, Delinea, as Chief Marketing Officer, bringing 20+ years of experience.