Financial institutions stories
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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.
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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%.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.