Financial institutions stories - Page 3

Zscaler report reveals surge in mobile cyberthreats
Wed, 4th Dec 2024
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ransomware
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digital transformation
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iot security
Zscaler's latest report reveals over 200 malicious apps in Google Play, urging organisations to enhance mobile security amid rising mobile threats.

Don't let your company make headlines for all the wrong reasons
Wed, 4th Dec 2024
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data protection
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data privacy
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cybersecurity
New APRA regulations demand Australian financial firms enhance cybersecurity measures or face hefty penalties, after rising data breaches affect millions.

Southeast Asia sees surge in web threats amid digital shift
Tue, 3rd Dec 2024
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firewalls
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endpoint protection
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breach prevention
Southeast Asia faced an alarming average of 146,944 web threats daily in H1 2024, with Malaysia leading at 19,615,255 incidents, Kaspersky warns.

Corporate Digital Identity: a tool to combat financial crime
Fri, 29th Nov 2024
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money laundering
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fraud
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financial institutions
Financial crime is set to cost global economies USD $485.6 billion in 2023, prompting calls for Corporate Digital Identity to enhance fraud prevention.

Australian banks criticised for weak email scam defences
Tue, 26th Nov 2024
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data protection
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advanced persistent threat protection
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email security
Research by Proofpoint reveals that 66% of Australian banks are ill-equipped to combat email fraud, risking customer safety amid rising scams.

AUSIEX enhances engagement with NICE CXone integration
Tue, 26th Nov 2024
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data analytics
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digital transformation
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cx
AUSIEX has integrated the NICE CXone platform to boost customer engagement and operational efficiency, enhancing its services in the financial sector.

UK elderly urge banks to keep branches amidst digital age
Fri, 22nd Nov 2024
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fintech
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digital literacy
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digital divide
A staggering 88% of older UK residents believe banks should retain physical branches, highlighting concerns over the digital divide and access to services.

Global fraud attacks rise 19% amid AI exploitation
Fri, 22nd Nov 2024
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collaboration
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fraud
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financial institutions
A new report reveals a staggering 19% rise in global fraud attacks, largely fuelled by AI exploitation, highlighting urgent need for improved detection measures.

Outsourcing AML: Five key factors for financial firms
Thu, 21st Nov 2024
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outsourcing
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financial institutions
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aml
EFI advises financial institutions on five key considerations for outsourcing AML operations amid rising regulatory pressures and operational costs.

SAS campaigns for anti-fraud AI during awareness week
Thu, 21st Nov 2024
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data analytics
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digital transformation
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cx
SAS teams up with the Association of Certified Fraud Examiners to advocate for anti-fraud AI during International Fraud Awareness Week amid rising fraud tactics.

Bitsight acquires Cybersixgill for USD $115 million
Tue, 19th Nov 2024
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ai
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cybersecurity
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threat intelligence
Bitsight has acquired threat intelligence provider Cybersixgill for USD $115 million, bolstering its cybersecurity capabilities amid rising cyber risks.

Financial sector prepares for EU DORA regulations in 2025
Mon, 18th Nov 2024
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it training
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risk & compliance
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cybersecurity
As the EU's DORA regulation looms, financial firms are urged to bolster digital resilience or risk severe operational disruptions by January 2025.

AI partnership enhances credit scoring in Indonesia
Mon, 18th Nov 2024
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cx
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martech
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ai
AND Solutions has secured a software agreement with PT AEON Credit Service Indonesia to deliver AI-driven custom credit scoring solutions.

HID acquires IXLA to enhance document personalisation tech
Wed, 13th Nov 2024
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financial institutions
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hid
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acquisition
HID has acquired Italian firm IXLA, enhancing its portfolio in secure credential issuance and expanding its reach in European and emerging markets.

Continuous screening vital to detect 75% more money mules
Fri, 8th Nov 2024
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financial institutions
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research
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aml
A study by Synectics reveals that 75% of money mules remain undetected without continuous KYC and AML screening, presenting a major threat to banks.

Asian banks face rising crime threat due to low AI use
Tue, 29th Oct 2024
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digital transformation
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genai
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ai
A report reveals that over 50% of financial institutions in Asia are failing to adopt AI for anti-money laundering, risking exposure to financial crime.

Busting money laundering in Australia is dependent on making better data connections
Thu, 24th Oct 2024
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genai
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ai
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money laundering
The persistent ability of criminals to exploit legitimate structures to launder money has banks and others on the hunt for new tools and techniques to counter the threat.

Ben Hurley named CEO to lead Devexperts' growth phase
Thu, 17th Oct 2024
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saas
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ai
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financial institutions
Devexperts has appointed Ben Hurley as its new CEO, signalling a clear focus on innovation and growth as the company expands its market presence.

Ripple launches RLUSD stablecoin with global partners
Wed, 16th Oct 2024
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cryptocurrency
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blockchain
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bitcoin
Ripple has unveiled RLUSD, a USD stablecoin for enterprises, launching it with key partners like Uphold and Bitstamp to ensure global access.

Majority of PSPs face bank account closures by lenders
Tue, 15th Oct 2024
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fintech
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payment technologies
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transparency
A report from fintech Neo reveals 95% of Payment Service Providers have faced account closures or restrictions, often without bank explanations.