Financial institutions stories - Page 5

Financial institutions face rising AI-driven cyberattacks and must adopt intelligence-led defence, active vendor management, and balance security with customer experience.

Banks and credit unions are shifting from transaction rewards to building trust and personalised relationships, using AI to anticipate customer needs and enhance loyalty.

APP fraud, rising to 42% of UK losses in 2025, causes £2,300 lost per minute, urging banks and tech firms to boost joint防efforts.

Evercomm and CTBC have launched PATHMATCH, an AI platform helping banks measure and manage financed emissions for net zero transition financing.

Australian businesses face rising ransomware threats amid a 16% surge in cyber attack reports, exposing widespread unpreparedness and urging urgent security reforms.

Nearly 80% of financial firms have neglected to verify exit plans of cloud and SaaS providers, risking major disruption in their technology supply chains.

Financial firms are embracing AI with a focus on trust, using it to enhance customer service and support staff, not cut jobs, amid growing governance concerns.

Adclear secures GBP £2.1 million to expand its AI-powered platform that automates compliance for major UK financial institutions' marketing content.

UK firm Verifymy teams up with k-ID to integrate email-based age checks into developer toolkit, enhancing online safety for children amid growing global regulations.

Visa partners with Nium to pilot stablecoin settlement, enabling near-real-time cross-border payments and reducing traditional delays and costs.

A China-linked group launched a major AI-driven cyber-espionage campaign targeting global firms, performing 80-90% of hacking with minimal human input.

Teachers Mutual Bank has sped up identity checks from three days to under a minute by upgrading to Boomi's real-time integration platform, enhancing member experience.

Mizuho Bank has launched a Boomi-based platform to streamline payments and ensure ISO 20022 compliance across Asia Pacific, cutting onboarding to weeks.

The collaboration is set to offer Canadian customers easier international money transfers in over 10 currencies via their existing accounts.

Dyna.Ai will showcase its AI tools for finance at Singapore Fintech Festival 2025, highlighting real-world applications driving efficiency and growth in the sector.

The Bloomberg Code Crunch Hackathon in Singapore showcased top quant and AI talent, with NTU students and financial firms developing innovative investment tools.

InsightAI raised INR ₹11 million in pre-seed funding to expand its AI-driven anti-money laundering solutions across India and the Middle East markets.

QuSecure appoints Garfield Jones as Senior VP to advance quantum-safe security, leveraging his US federal cybersecurity and post-quantum cryptography expertise.

Synology launches PAS7700, a dual-active all-NVMe storage system, offering secure, high-performance, and highly available data access for AI-driven enterprises.

Nearly half of financial firms struggle to scale AI fully due to data silos and security concerns, despite widespread adoption and hybrid deployment strategies.