Banking stories - Page 2

Aerospike has launched Database 8, enhancing its multi-model distributed system to ensure real-time performance and strict consistency for enterprise applications.

Small and medium-sized enterprises in Singapore are at risk of losing SGD $800 million each year by keeping cash in low-yield bank accounts.

Banked has partnered with National Australia Bank to introduce PayTo on Amazon Australia, offering secure, direct payments from customers' bank accounts.

A recent study by Quadient reveals that 79% of UK consumers sent physical mail last year, highlighting a persistent preference for traditional communication methods.

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.

The Bank of Papua New Guinea, with Japan's METI and Soramitsu, has launched a proof of concept for a digital Kina, aiming to enhance financial inclusion.

Encompass has unveiled its EC360 platform to revolutionise corporate client verification in banking, addressing outdated processes amid rising competition.

Zero, a sustainable money app and debit card, is now fully launched under e-Money regulations, aiming to empower eco-conscious consumers in the UK.

Finkeda is combating fintech cybersecurity threats by integrating advanced blockchain and robust protocols to safeguard financial data against rising breaches.

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.

Techcombank's Brand Equity Index has surged by 68% in Q4 2024, now leading Vietnam's banking sector, fuelled by innovative marketing and community engagement.

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.

Mail Metrics has acquired Adare SEC, its fourth purchase in four years, expanding its workforce and boosting UK revenue projections to GBP £175 million.

Futurex has teamed up with Cake, Vietnam's leading digital bank, to launch the country's first fully cloud-based Card Management System.

Bank Jago has partnered with Google Cloud for a multi-year collaboration to enhance its digital banking services using advanced cloud and AI technologies.