Financial institutions stories
Cryptocurrency adoption in Australia hits record high
Yesterday
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cryptocurrency
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blockchain
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bitcoin
A record 32.5% of Australians now own cryptocurrency, according to the 2025 IRCI, signalling a significant shift in the nation's digital asset landscape.
Vespia partners with Mastercard to streamline onboarding
2 days ago
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payment technologies
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mastercard
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financial institutions
Vespia has partnered with Mastercard to enhance merchant onboarding across multiple regions, aiming to streamline processes and cut onboarding times by up to 90%.
Senetas sells Votiro to Menlo Security for USD $37.5m
2 days ago
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data protection
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advanced persistent threat protection
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cybersecurity
Senetas has sold its subsidiary Votiro to Menlo Security for USD $37.5 million, a strategic move expected to enhance its position in the cybersecurity market.
Lendela appoints new CFO & CTO to drive APAC expansion
2 days ago
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digital transformation
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fintech
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risk & compliance
Lendela has appointed Kent Huang as CFO and Steven Wong as CTO, aiming for expansion in the Asia Pacific following strong performance in 2024.
Akamai named national ambassador to boost UK SME security
4 days ago
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advanced persistent threat protection
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cybersecurity
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public sector
Akamai Technologies has been appointed as a National Ambassador for the National Cyber Resilience Centre Group, aiming to boost cyber resilience among UK SMEs.
To build or to buy? Tackling KYC complexities in client onboarding
4 days ago
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digital transformation
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risk & compliance
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ai
In an era where speed and efficiency are paramount, banks must decide between building custom KYC systems or investing in advanced SaaS solutions to enhance client onboarding.
DAS unveils new tool for real-time bushfire tracking
Last week
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dr
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cleantech
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cloud services
DAS has launched a tool for near real-time bushfire monitoring, helping organisations quickly identify affected customers and properties during disasters.
Romance scams reach six-year high, Moody's reports
Last week
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social media
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online fraud
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money laundering
Moody's highlights a six-year high in romance scams, unveiling 1,193 new entities globally in 2024, with the US leading at 38% of cases.
Puma leads $4.3m funding for legal AI firm Semeris
This month
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fintech
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genai
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ai
Puma Growth Partners has led a $4.3 million funding round for Semeris, enhancing its AI tools for financial institutions navigating complex legal documents.
Lombard Odier partners with MongoDB for AI tech upgrade
This month
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cx
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martech
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genai
MongoDB and Lombard Odier have teamed up to revolutionise the Swiss bank's core banking systems, leveraging generative AI for faster application migration.
artius.iD welcomes Jeffrey Keplar to advisory board
This month
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physical security
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ai
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cybersecurity
Artius.iD has appointed Jeffrey Keplar to its Board of Strategic Advisors, aiming to bolster cybersecurity for global financial institutions amid rising digital threats.
AI-fuelled bank scams rise, impersonating officials with ease
Last month
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physical security
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ai
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identity theft
A recent report reveals that criminals are increasingly employing artificial intelligence to enhance bank scams, making them harder to detect.
Ondo Finance launches tokenised US Treasuries on XRP Ledger
Last month
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blockchain
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defi
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cloud services
Ondo Finance has unveiled tokenised U.S. Treasuries on the XRP Ledger, boosting institutional access to short-term securities via Ripple USD.
Real-time KYC: Tipping the balance in corporate banking’s digital revolution
Last month
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data analytics
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digital transformation
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fintech
As corporate banking undergoes a digital transformation, real-time KYC processes powered by Corporate Digital Identity are set to significantly enhance operational efficiency.
AI revolutionising financial crime detection by 2025
Last month
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quantum computing
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ai
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outsourcing
The future of financial crime prevention is being reshaped by AI and quantum computing, presenting both opportunities and risks, says Efficient Frontiers International.
Azul ensures Java solutions comply with DORA EU standards
Last month
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risk & compliance
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cybersecurity
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software development
Azul has confirmed that its Java solutions now meet the European Union's Digital Operational Resilience Act (DORA) requirements, aiding financial institutions in compliance.
DORA compliance deadline impacts EU financial sector
Last month
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data protection
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advanced persistent threat protection
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risk & compliance
The deadline for the EU's Digital Operational Resilience Act has arrived, pushing financial institutions to enhance their cybersecurity and compliance practices.
Citi & Barclays invest in Validis for banking innovation
Last month
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risk & compliance
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financial institutions
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data automation
Citi and Barclays have invested in Validis to boost banking innovation, focusing on automated data standardisation for improved lending processes.
Azul's OpenJDK solutions comply with EU's DORA standards
Last month
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advanced persistent threat protection
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risk & compliance
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software development
Azul has confirmed that its OpenJDK solutions comply with the Digital Operational Resilience Act, bolstering digital resilience for EU financial institutions ahead of the 2025 deadline.
Backbase highlights banking trends shaping the industry in 2025
Last month
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data analytics
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fintech
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cx
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.