Financial institutions stories - Page 5

Pave Bank secures USD $39 million to expand its programmable banking platform, merging traditional finance and digital asset management for institutions.

Australia sees a 17% rise in data breaches as AI-driven threats on hybrid cloud systems surge, prompting tighter APRA regulations on cybersecurity compliance.

Fortinet has launched its first Secure Access Service Edge point of presence in Auckland, enhancing cybersecurity and connectivity for New Zealand businesses.

10x Banking appoints Philip Barnett as Executive Vice Chair to drive strategic growth and global expansion, focusing on Asia Pacific markets.

Global scam attempts have surged 65% over the past year, with smishing rising tenfold as banks worldwide battle increasing fraud risks.

Australian banks must use AI and personalised service to rebuild trust and enhance customer experience across all age groups and regions.

Chainlink and 24 major banks collaborate to reduce $58 billion global corporate actions costs, using AI and blockchain for real-time data sharing and automation.

Dwolla aims to unify instant payments via a single API across FedNow and RTP, simplifying real-time transactions for enterprises amid rapid market growth.

Kasia Hanson joins Alcatraz as VP of Strategic Partnerships to boost growth across critical sectors with her 20+ years experience in security and AI.

Vulnerability management is now a critical boardroom priority as Australian firms face tighter cyber regulations and rising digital threats requiring automated, proactive defence.

Cloudhouse unveils Alchemy APS, enabling banks to swiftly modernise by packaging applications independently from legacy infrastructure, cutting costs and risks.

Financial leaders prioritise responsible AI standards over generative AI, seeing accountability as key to boosting ROI amid growing implementation challenges.

FICO has been named a category leader by Chartis Research for the fifth consecutive time in enterprise, payment fraud solutions and fraud platforms in 2025.

SAS has been named Market Leader in AI-driven fraud and AML case management, praised for its stable platform and advanced cloud-native AI features.

Atlas Consolidated raised USD $18.1 million to boost growth of HugoHub, its fintech platform cutting banking tech costs by up to 90% for global banks.

Finastra and NTT DATA have expanded their partnership to enhance cloud-based lending services for banks in MAAP and LATAM, improving speed and operational efficiency.

QuSecure appoints Jennifer Leggio as SVP of Marketing amid surging demand for its quantum-safe cybersecurity solutions globally.

Accenture has acquired Malaysia-based Aristal to enhance its banking tech expertise and expand financial services across Southeast Asia.

In 2024, data breaches threaten business survival as regulators enforce stricter cybersecurity rules and firms must manage vast unstructured data with care.

A Black Kite report reveals most third-party vendors in finance show major cyber security flaws, posing serious risks despite fewer direct attacks on institutions.