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Financial institutions stories

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Ozone API partners with Thistle Initiatives for PSD3 compliance readiness
2 days ago
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compliance
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digital banking
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financial institutions
Global open banking leader, Ozone API, has formed a strategic partnership with Thistle Initiatives to help financial institutions achieve compliance with the forthcoming Third Payment Services Directive (PSD3).
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Fils partners with Aion to integrate ESG values in Middle Eastern finance
3 days ago
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digital banking
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pwc
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financial institutions
Fintech operator Fils joins forces with digital banking provider Aion to fuse ESG principles into Middle East finance, leveraging Green APIs to track and reduce emissions.
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Cogo & Personetics introduce AI-powered sustainable banking
4 days ago
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cx
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martech
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digital banking
Cogo partners with AI-firm Personetics, pioneering climate-conscious banking by aiding customers in understanding and managing their carbon footprints based on their spending habits.
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Frollo urges collaboration to improve Australia's Open Banking data quality
4 days ago
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digital banking
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financial institutions
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accc
Frollo, Australia's Open Banking service provider, urges a collaborative strategy to enhance the data quality in the nation's Consumer Data Right framework, supporting superior financial outcomes.
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Oracle launches AI-powered platform to combat money laundering
Last week
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ml
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compliance
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money laundering
Oracle unveils AI-powered Finance Services Compliance Agent to help banks combat a predicted $5.05tn in money laundering in 2024, through enhanced transaction monitoring and risk-control efficiency.
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Overcoming the data challenges associated with gen AI deployments
This month
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contact centre
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encryption
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chatbots
As gen AI tools transform multiple sectors, businesses need to tackle key challenges including concerns over data privacy, inherited biases, and ethical dilemmas.
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Financial institutions increasingly deploy AI in fight against fraud
This month
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ml
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compliance
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ai
Amid growing fraud concerns, a study reveals 70% of financial institutions are turning to AI and machine learning to bolster defenses, marking a notable shift towards tech innovation.
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FICO survey reveals identity theft & fraud fears among Indonesians
This month
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accounting systems
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physical security
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digital banking
FICO's study reveals prolonged fears of identity theft among Indonesians, as 36% remain anxious, heightening vulnerabilities to financial loss and credit damage amid growing risks from real-time payments.
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Aryza Group launches Aryza Decide for improved credit risk management
Last month
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financial institutions
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credit risk
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aryza group
Aryza Group unveils dynamic, standalone system, Aryza Decide, geared to revolutionise credit risk management in the lending industry and encouraging operational efficiency.
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Selector unveils enhanced AIOps platform with GenAI
Last month
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devops
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app development
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apm
AIOps startup, Selector, unveils its Spring 2024 product with features like GenAI and advanced full-stack monitoring.
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iManage adds 300 customers, 2023 recurring revenue jumps 36%
Last month
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voip
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contact centre
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microsoft
iManage, a London-based cloud services company, records impressive growth in 2023 with the addition of over 300 new customers and a 36% jump in annual recurring revenue.
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Australia's financial crime compliance costs reach $5.37bn
Last month
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big data
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data analytics
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bi
Financial crime compliance costs have soared, driven by increased regulations, technology costs, and ongoing battles against evolving financial crimes.
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DCI Indonesia debuts E1, Tier IV data centre in central Jakarta
Last month
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5g
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iot
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wireless networks
DCI Indonesia has launched its E1 Tier IV data centre in central Jakarta, offering high service quality and latency benefits to clients across sectors like banking, telecoms, manufacturing, and state-owned firms.
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IWD 2024: Funding - The key to empowering female entrepreneurs in the UK
Last month
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dei
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iwd
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investment
As mere 2p in every £1 invested in early-stage UK businesses goes to women, the IWD 2024 focus is on addressing the disparity in funding for female entrepreneurs.
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IWD 2024: Empowering New Investors with Clear Communication
Last month
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shares
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market
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deloitte
Clear, accessible shareholder communication is vital to empower a growing generation of female investors, in an increasingly complex financial climate.
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Mike Stawchansky joins Finastra as Chief Innovation Officer
Last month
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cdp
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martech
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asia pacific
Finastra appoints Mike Stawchansky, an expert with over 25 years in the tech sector, as Senior VP and Chief Technology Innovation Officer to boost customer technology and Gen AI innovation.
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IWD 2024: Digital tools key to opening the door for women’s economic empowerment
Last month
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dei
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fintech
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iwd
Digital learning tools hold a potential catalyst for boosting the economic presence of women, as this IWD 2024 highlights, aiming to bridge the gap for unbanked women in Asia-Pacific.
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Business Systems Ltd welcomes new CEO, Mike Wardell
Last month
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digital transformation
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cx
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martech
Business Systems Ltd appoints Mike Wardell, former Giacom CEO, who steered the firm to £100M revenue, as its new CEO, cementing the firm's commitment to overseeing digital transformation, compliance solutions and cultivating strong corporate culture.
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Bitcoin peaks at record high against NZD ahead of halving event
Fri, 1st Mar 2024
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cryptocurrency
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blockchain
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new zealand dollar
Bitcoin hits an all-time high against the NZD, nearing a similar historic landmark in USD, amid burgeoning global interest in the cryptosphere.
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Finastra partners with UNITAS to boost digital transformation in South Korea
Wed, 28th Feb 2024
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digital transformation
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south korea
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financial institutions
Finastra partners with South Korean risk and compliance firm UNITAS to drive digital transformation in local banking operations, tapping into UNITAS's expertise and Finastra's advanced treasury system.
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Jersey Telecom acquires Spectrum to boost global online payment security
Wed, 28th Feb 2024
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cloud services
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physical security
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identity theft
Jersey Telecom’s acquisition of Australian tech company Spectrum bolsters the fight against online payment fraud, reinforcing security on a global scale.
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January sees three-year high in ransomware attacks across the globe
Thu, 22nd Feb 2024
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ai
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ncc group
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financial institutions
Despite a 27% drop from December 2023, January 2024 saw a three-year high in ransomware attacks, reflecting a year-on-year rise. NCC Group's analysis shows Lockbit remains the top perpetrator.
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Finastra & SYSTEX partner to boost Taiwan's banking sector
Mon, 19th Feb 2024
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fintech
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digital transformation
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apac
Finastra has inked a new partnership with Taiwan's SYSTEX to boost digital transformation and growth in Taiwan's banking sector, with SYSTEX to resell Finastra's Kondor and Risk solutions.
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Visa's AI averts fraud worth $273m in New Zealand banks
Thu, 15th Feb 2024
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commerce systems
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martech
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payment gateways
Visa uses AI to help New Zealand financial institutions prevent $273m in fraud, marking a three-fold increase from 2021 and highlighting the pivotal role of AI in financial security.