Banking stories - Page 1

Lloyds Banking Group boosts lending with FICO Platform, enhancing operations and approving more credit as it migrates to cloud-based infrastructure.

Identity fraud costs businesses USD $7 million yearly worldwide, with Asia Pacific firms facing rising threats from sophisticated attacks, a new study finds.

Proto unveils interactive AI holograms of Amitabh Bachchan and Sourav Ganguly in India, enhancing fan engagement and banking experiences.

Disprz has surpassed INR ₹100 crore in annual recurring revenue, leveraging GenAI and focusing on Asia-Pacific expansion to boost enterprise skilling.

ABA Bank partners with SUSE to modernise digital infrastructure, enabling faster, secure banking in Cambodia with 99.999% service reliability and cost savings.

Fraud cases in the UK surged by 12.5% in 2024, with identity fraud now comprising 59% of reports, highlighting a worrying trend in cybercrime tactics.

DaveAI has raised new funds in a pre-Series A round led by Inflection Point Ventures and SucSEED, aimed at enhancing its AI technology and global expansion.

Money20/20 has launched The Money Awards, a global initiative to honour exceptional leaders and innovators in the fintech sector, recognising five key categories.

KPMG is expanding its collaboration with Google Cloud to enhance AI capabilities in legal services and banking, transforming business operations across industries.

Accenture is expanding its partnership with Google Cloud to enhance cloud and AI adoption globally, focusing on solutions that boost enterprise efficiency.

Fintech firm Yavrio has expanded its services by integrating corporate banking with five major US banks, enhancing transaction efficiency and security.

A Salesforce report reveals New Zealand consumers show mixed trust in AI within financial services, highlighting a growing expectation for lower fees and faster transactions.

Credas Technologies and IDGO have unveiled a partnership to enhance ID accessibility for millions in the UK, addressing urgent identification challenges.

Revolut has unveiled local EUR accounts for Australian customers, streamlining payments and enhancing financial management for businesses and travellers.

The rapid rise of artificial intelligence is straining data infrastructures in the banking sector, revealing critical challenges in security and data quality.

Thales' 2025 Digital Trust Index reveals plummeting consumer trust in digital services, with 82% abandoning brands due to data privacy fears.

A new Capgemini study reveals customer satisfaction in the UK is low, with just 45% satisfied, despite the potential of generative AI to improve service quality.

Australian and New Zealand banks are investing billions in ICT, but the challenge remains: how to ensure these funds translate into tangible business value.

Kaspersky has revealed that 2.3 million bank cards have been leaked on the dark web due to infostealer malware, highlighting the rising cybersecurity threat.

SharedAffairs has launched a digital estate planning platform in the UK, aimed at simplifying the documentation of assets and final wishes during a £1 trillion wealth transition.