Financial Services stories - Page 51

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.

The Asia-Pacific region is experiencing a payment revolution, with realtime transactions surging to 185.8 billion in 2023, reshaping financial interactions.

As generative AI evolves, businesses are gearing up for Workplace 5.0, where human collaboration and AI integration redefine productivity by 2025.

Fintech executives foresee 2025 shaped by evolving fraud tactics, AI, open banking regulation, and changing consumer demands in the mortgage market.

CloudSEK has uncovered over 30,000 exposed Postman workspaces leaking sensitive API keys, affecting major firms across healthcare, finance, and sports sectors.

SandboxAQ has secured over $300 million in funding, bringing its pre-money valuation to $5.3 billion as it advances in AI and quantum technology.

Morgan Stanley has partnered with Wise to enhance its foreign exchange settlement capabilities, marking a first for an investment bank in this area.

A recent Forrester study reveals Akamai's Guardicore Segmentation solution offers organisations a USD $9.6 million benefit over three years and 152% ROI.

Security and digital ID firm artius.iD appoints Stefan Krause, ex-CFO of BMW and Deutsche Bank, to its Board of Strategic Advisors amid growing cybersecurity challenges.

Brightcove has unveiled major upgrades to its streaming platform through strategic partnerships, enhancing video content creation, distribution, and monetisation.

Forrester's new report highlights essential mobile banking features by 2027, emphasising fraud management and security as top priorities for customer trust.

ProHance's Global Productivity Benchmarking Report shows average work hours rose to 9 hours 30 minutes in Q3 2024, highlighting diverse sector trends.

Sonatype's latest research reveals a shocking rise in open source malware, with over 778,500 malicious packages detected in 2024, primarily affecting government organisations.

Thoughtworks has teamed up with Amazon Web Services to boost generative AI solutions for industries across the Asia Pacific, enhancing customer engagement and productivity.

Solace has launched Micro-Integrations for its PubSub+ platform, enhancing real-time data management across various enterprise systems.

Orbus Software has acquired Sydney-based Capsifi to enhance its OrbusInfinity platform, aiming for a more robust enterprise transformation solution.

Pegasystems has unveiled the latest Pega Smart Investigate Enterprise Edition, enhancing banks' capabilities in processing payment exceptions with AI automation.

Pegasystems has launched enhanced generative AI and automation tools in Pega Smart Dispute to help banks manage rising payment dispute volumes efficiently.

The Cloud Security Alliance's new report reveals that 78% of financial institutions use single-cloud systems, emphasising resilience amid rising cyber threats.

ProHance's Global Productivity Benchmarking Report for 2024 highlights a rise in average working hours, increasing from 9 hours 12 minutes to 9 hours 30 minutes.