Financial institutions stories - Page 8

Denodo has earned the Snowflake Financial Services Competency, recognising its expertise in secure data management for banking, capital markets, and insurance.

Financial institutions in APAC faced a 245% surge in DDoS attacks last year, accounting for 38% of global incidents amid rising digital vulnerabilities.

Snowflake announces plans to buy Crunchy Data, aiming to enhance its AI Data Cloud with an enterprise-ready PostgreSQL platform for AI applications.

FICO and AWS have teamed up to expand global access to AI-driven decision workflows, now available via AWS Marketplace Private Offers.

Salesforce launches Agentforce for Financial Services, offering AI agents to automate tasks and boost personalised client engagement in banks and insurers.

BioCatch and The Knoble have launched a toolkit to help banks quantify losses and build a business case for stronger authorised push payment scam prevention.

First-party fraud now tops global cyberattacks, rising to 36% of cases in 2024, according to LexisNexis Risk Solutions' Cybercrime Report.

Extend launches open-source AI toolkit enabling businesses to enhance spend analysis and automate workflows via API integration with major AI frameworks.

Rayls launches Enygma, a compliance-ready privacy framework for Ethereum, enabling confidential transactions with optional auditor oversight and seamless integration.

Backbase launches AI-powered Banking Platform to boost banks' growth, automate tasks and improve efficiency amid legacy tech challenges globally.

World Password Day highlights the importance of strong, unique passwords and emerging passwordless technologies for enhanced security against cyber threats.

Meta1st upgrades its Analyse1st and Learn1st to enhance cyber risk defence and help financial firms comply with DORA, boosting real-time email threat detection.

A Radware study highlights alarming trends in cyber threats to the financial sector, revealing a surge in infostealer services and sophisticated OTP bots.

In a bid to combat rising carbon emissions, banks are urged to utilise their data and influence to help mortgage customers implement sustainable home upgrades.

StraitsX's XUSD stablecoin will debut on Binance, bolstering its presence in digital finance as it surges towards mainstream adoption and infrastructure innovations.

NTT DATA's latest report reveals that 58% of banks globally are fully adopting generative AI, marking a crucial shift towards its integration in banking operations.

Rayls has partnered with LayerZero to enhance cross-chain connectivity for financial institutions, aiming to integrate traditional finance with decentralised finance.

A survey by SAS and KPMG reveals sluggish AI and ML adoption in anti-money laundering, with only 18% of financial institutions fully implementing these technologies.

Backbase has teamed up with MeaWallet to boost digital payment services in Australia and New Zealand, aiming for enhanced security and faster deployment.

Vespia has partnered with Mastercard to enhance merchant onboarding across multiple regions, aiming to streamline processes and cut onboarding times by up to 90%.