Banking stories - Page 12

Chatbot market set to surge, projecting USD $4.9 billion growth by 2033, fuelled by customer engagement focus and widespread industrial adoption.

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).

Spirent Communications joins forces with an online payments platform to enhance cyber defenses using its advanced CyberFlood software, aimed at improving the scalability and efficacy of network defenses.

Westpac partners with NextGen to streamline home loan applications across its brands via Open Banking, marking a significant innovation in Australia's banking sector.

Vertiv revolutionises micro modular data centre design with the introduction of the AI-infused SmartAisle 3, enhancing operational efficiency and offering energy savings of up to 20%.

FPT Corporation lays out a new strategy targeting AI, Automotive, Semiconductors, Digital and Green Transformation, positioning Vietnam as a leading global hub for business and innovation.

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.

Thomson Reuters' debut Asia and Emerging Markets 'Future of Professionals Report' reveals AI's potential, with 89% of professionals forecasting AI-stimulated creation of novel careers.

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.

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.

Luke Trayfoot, former PayPal and MangoPay executive, takes on role as Chief Commercial Officer at Brite Payments, heading the effort to expand their real-time bank-to-bank payment solutions across Europe.

Simon Noonan appointed as the new Chief Technology Officer at MYOB in line with their mission to improve services and drive innovation for businesses in Australia and New Zealand.

The banking industry is seeing a significant acceleration in AI innovation, with a rise in new patents and research publications.

Rapid rise in cybercrimes forces urgent global reappraisal of security strategies in government, defence, and IT sectors amid projections of cybersecurity services market growing to $445.3bn by 2032.

Prolific introduces a first-of-its-kind Participant Wellbeing report, advocating for ethical human data use in AI and academic research, following controversies over AI tasker exploitation.

Emerge, a disruptive platform aimed at revolutionising New Zealand's business banking landscape, has launched.

Pioneering fertility treatment provider Genea Fertility partners with payment company GoCardless to offer flexible payment options, making IVF and egg freezing more accessible to Australians.

Autonom8 unveils a GenAI-backed vKYC platform for India's telecommunications and banking sectors, promising advanced customer compliance onboarding with robust fraud detection.

Embedded finance provider, Paynetics, acquires UK's leading impact neobank, Novus, to strengthen environmental, social, and governance objectives.

Angel Investment Network's 2024 survey reveals that Angel investors' motivations shift towards positive impact over financial gain, highlighting new trends and potential pitfalls for start-ups.