Banking stories - Page 6

People First Bank has reported a 29% net profit increase to USD $41.4 million in its first year post-merger, alongside significant technological advancements.

Generative AI is revolutionising banking in Australia and New Zealand, with 79% of banks progressing beyond initial adoption stages to enhance operations.

A new report from Applause reveals nearly 100,000 digital bugs across Europe, urging companies to adopt comprehensive digital quality frameworks to mitigate issues in key domains.

Customer experience drives sustainable financial growth, risking AUD $87 billion if ignored. Digital banks leverage automation for seamless service.

Two-thirds of UK consumers see faulty software updates as unacceptable as contaminated food, following major CrowdStrike outages.

A Ping Identity survey reveals that 75% of Britons feel they lack control over their online data, fuelling concerns over privacy, fraud, and identity theft.

Trend Micro’s 2024 Cyber Risk Report highlights America as the top-risk nation, citing vulnerabilities in banking and critical infrastructure sectors.

Backbase unveils Intelligence Fabric, a major upgrade to its Engagement Banking Platform, integrating AI and data capabilities to enhance customer service and sales operations.

Experian's Risk Radar report shows Australian borrowers facing mixed challenges, with car and personal loans under intense stress, and mortgage delinquencies rising by 40%.

A new FIS survey reveals security is the top concern for online banking in Singapore, with 56% noting increased fraud attempts and millennials most affected.

Workday unveils twelve new Industry Accelerators, partnering globally to help customers modernise HR and finance across various sectors.

Climate X’s report reveals that most major banks are ill-prepared for climate risks, with only 7 of 50 meeting over half the criteria.

Sinch and Singtel have launched Singapore's first RCS Business Messaging service, revolutionising customer engagement with secure and interactive branded messages.

Kore.ai unveils GALE, a groundbreaking Generative AI and LLM platform designed to revolutionise enterprise productivity and innovation through rapid AI application development.

Australia's new right to disconnect law, targeting burnout reduction, starkly contrasts with rising cyber threats, 45% of which hit outside working hours.

Commercial revenue from quantum technology is set to soar from USD $2.7 billion in 2024 to USD $9.4 billion by 2030, a new study reveals.

A survey by OutSystems and KPMG reveals that AI adoption has cut development time by up to 50% for 75% of software executives, reshaping their roles.

AI is reshaping software development, with 75% of firms reporting up to 50% faster project completion. OutSystems and KPMG reveal ongoing challenges but foresee a bright future.

Indosat Ooredoo Hutchison hosts Indonesia's inaugural Banking AI Day in Jakarta, spotlighting AI's role in revolutionising the nation's financial sector.

Visa partners with Banked to unveil Visa A2A, a revolutionary system set to transform account-to-account payments and enhance security for UK consumers. Launching in 2025.