Banking stories - Page 9

Finance professionals lead AI adoption, with 63% utilising it for fraud detection and risk management. Marketing and sales show lower usage at 27% and 19%.

OpenPayd doubles growth for the second year, hitting over GBP £40 million ARR, as embedded finance adoption surges. CEO Dimitrova eyes new milestones.

A new report by IFX Payments reveals that 78% of UK SMEs are set to expand globally despite facing challenges from ring-fencing regulations and Brexit.

Forrester's report reveals that customer experience quality in Australia has stagnated or declined since 2020, with banks and government sectors hit hardest.

HID integrates its U.ARE.U Camera Identification System with Amazon Rekognition, enhancing facial analysis and verification for self-service and POS environments.

A new ISACA report reveals organisations worldwide recognise the rising importance of digital trust but substantially underfund initiatives.

Xero will debut new business subscription plans in NZ from 12 September 2024 to streamline accounting services and integrate key features directly.

Endava restructures leadership and strategy post-acquisition of Mudbath and DEK Technologies, enhancing its Australian capabilities for significant digital transformation growth.

Jio Financial Services launches the 'JioFinance' app beta, aiming to revolutionise digital banking and financial activities for Indian citizens.

Trustly’s 2023 annual report reveals a 79% surge in transactions, totaling US$58 billion, and a 51% rise in operating profit, driven by its expanded presence and strategic acquisitions in Europe.

US consumers spent USD $331.6 billion online in Q1 2024, with groceries, electronics, and apparel driving growth, Adobe Analytics reveals.

NSW launches its first comprehensive Digital Inclusion Strategy to bridge the digital divide, inviting public and stakeholder feedback on the initiative.

Australia’s fintech sector, powered by innovation, technology, and government backing, has surged from AUD $250 million in 2015 to AUD $45 billion in 2023.

First AML has partnered with Open Banking tech platform Armalytix to boost Source of Funds and Source of Wealth capabilities for large conveyancing firms.

Cogo and Terra Nova Foundation unveil Earth+ programme in New Zealand to help not-for-profits in Canterbury and Nelson.

Australian shoppers trust Amazon far more than emerging rivals Temu and Shein, reveals a Pattern study. Only 7% vouch for Temu's product quality.

MYOB invites tech students from Australia and New Zealand to compete for NZD $10,000 in the 10th annual Digital Challenge. Registrations now open.

Millennials and men, particularly those aged 35-44, are most frequently targeted by financial fraud, reveals an Arbuthnot Latham survey.

New Accenture research suggests responsible AI adoption could boost APAC's economy by $4.5 trillion in 15 years, elevating GDP growth by 0.7 percentage points annually.

Trustly's Azura checkout technology has transformed consumer payment habits across Europe, boosting spending, frequency, transaction speed, and conversion rates.