Financial institutions stories - Page 2
Romance scams reach six-year high, Moody's reports
Last month
#
social media
#
online fraud
#
money laundering
Moody's highlights a six-year high in romance scams, unveiling 1,193 new entities globally in 2024, with the US leading at 38% of cases.
Puma leads $4.3m funding for legal AI firm Semeris
Last month
#
fintech
#
genai
#
ai
Puma Growth Partners has led a $4.3 million funding round for Semeris, enhancing its AI tools for financial institutions navigating complex legal documents.
Lombard Odier partners with MongoDB for AI tech upgrade
Last month
#
cx
#
martech
#
genai
MongoDB and Lombard Odier have teamed up to revolutionise the Swiss bank's core banking systems, leveraging generative AI for faster application migration.
artius.iD welcomes Jeffrey Keplar to advisory board
Last month
#
physical security
#
ai
#
cybersecurity
Artius.iD has appointed Jeffrey Keplar to its Board of Strategic Advisors, aiming to bolster cybersecurity for global financial institutions amid rising digital threats.
AI-fuelled bank scams rise, impersonating officials with ease
Fri, 31st Jan 2025
#
physical security
#
ai
#
identity theft
A recent report reveals that criminals are increasingly employing artificial intelligence to enhance bank scams, making them harder to detect.
Ondo Finance launches tokenised US Treasuries on XRP Ledger
Wed, 29th Jan 2025
#
blockchain
#
defi
#
cloud services
Ondo Finance has unveiled tokenised U.S. Treasuries on the XRP Ledger, boosting institutional access to short-term securities via Ripple USD.
Real-time KYC: Tipping the balance in corporate banking’s digital revolution
Tue, 28th Jan 2025
#
data analytics
#
digital transformation
#
fintech
As corporate banking undergoes a digital transformation, real-time KYC processes powered by Corporate Digital Identity are set to significantly enhance operational efficiency.
AI revolutionising financial crime detection by 2025
Mon, 27th Jan 2025
#
quantum computing
#
ai
#
outsourcing
The future of financial crime prevention is being reshaped by AI and quantum computing, presenting both opportunities and risks, says Efficient Frontiers International.
Azul ensures Java solutions comply with DORA EU standards
Wed, 22nd Jan 2025
#
risk & compliance
#
cybersecurity
#
software development
Azul has confirmed that its Java solutions now meet the European Union's Digital Operational Resilience Act (DORA) requirements, aiding financial institutions in compliance.
DORA compliance deadline impacts EU financial sector
Sat, 18th Jan 2025
#
data protection
#
advanced persistent threat protection
#
risk & compliance
The deadline for the EU's Digital Operational Resilience Act has arrived, pushing financial institutions to enhance their cybersecurity and compliance practices.
Citi & Barclays invest in Validis for banking innovation
Fri, 17th Jan 2025
#
risk & compliance
#
financial institutions
#
data automation
Citi and Barclays have invested in Validis to boost banking innovation, focusing on automated data standardisation for improved lending processes.
Azul's OpenJDK solutions comply with EU's DORA standards
Fri, 17th Jan 2025
#
advanced persistent threat protection
#
risk & compliance
#
software development
Azul has secured compliance for its OpenJDK solutions with the EU's DORA standards, bolstering digital resilience for financial institutions ahead of the 2025 deadline.
Backbase highlights banking trends shaping the industry in 2025
Tue, 14th Jan 2025
#
data analytics
#
fintech
#
cx
Backbase forecasts a USD $1 trillion transformation in banking by 2025, urging traditional banks to innovate or face a 30% market share loss to digital rivals.
Kobble unveils platform to revolutionise finance in Australia
Thu, 26th Dec 2024
#
cryptocurrency
#
fintech
#
blockchain
Kobble has unveiled a new Embedded Finance Platform designed to tackle inefficiencies in Australia's financial sector caused by failed IT projects.
Futurex partners with Cake to launch cloud payment system
Thu, 26th Dec 2024
#
document management
#
digital transformation
#
encryption
Futurex has teamed up with Cake, Vietnam's leading digital bank, to launch the country's first fully cloud-based Card Management System.
Digital resilience rules for ICT providers from 2025
Thu, 26th Dec 2024
#
cybersecurity
#
software updates
#
insurance
The Digital Operational Resilience Act will come into force on 17 January 2025, impacting ICT providers linked to the financial services sector.
Morgan Stanley partners with Wise to boost FX settlements
Thu, 26th Dec 2024
#
financial institutions
#
forex
#
wise
Morgan Stanley has partnered with Wise to enhance its foreign exchange settlement capabilities, marking a first for an investment bank in this area.
Radware strengthens AI security for top Italian bank
Fri, 20th Dec 2024
#
firewalls
#
network security
#
cloud security
Radware is boosting its AI-driven security services for one of Italy's top five banks, aiming to combat rising cyber threats and comply with EU regulations.
Stefan Krause joins artius.iD as strategic advisor
Thu, 19th Dec 2024
#
cartech
#
cybersecurity
#
financial institutions
Security and digital ID firm artius.iD appoints Stefan Krause, ex-CFO of BMW and Deutsche Bank, to its Board of Strategic Advisors amid growing cybersecurity challenges.
Hands-on Review: Norton 360 Platinum with the new Financial Monitoring
Wed, 18th Dec 2024
#
reviews
#
advanced persistent threat protection
#
data privacy
Norton has launched Financial Monitoring within its 360 Platinum suite, enhancing users' financial security by tracking unusual activity and subscription changes.