Financial institutions stories
January sees three-year high in ransomware attacks across the globe
Despite a 27% drop from December 2023, January 2024 saw a three-year high in ransomware attacks, reflecting a year-on-year rise. NCC Group's analysis shows Lockbit remains the top perpetrator.
Finastra & SYSTEX partner to boost Taiwan's banking sector
Finastra has inked a new partnership with Taiwan's SYSTEX to boost digital transformation and growth in Taiwan's banking sector, with SYSTEX to resell Finastra's Kondor and Risk solutions.
Visa's AI averts fraud worth $273m in New Zealand banks
Visa uses AI to help New Zealand financial institutions prevent $273m in fraud, marking a three-fold increase from 2021 and highlighting the pivotal role of AI in financial security.
Data Zoo names former London Stock Exchange exec as new CEO
Data Zoo, an award-winning global identity provider, has appointed former London Stock Exchange Group executive, Charlie Minutella, as its new CEO, signalling a major strategic shift.
BlueVoyant warns of rising cyber threats beyond IT perimeters
BlueVoyant's second report on external cyber defence trends highlights emerging risks beyond IT perimeters, including AI's role in intensifying cyber attacks.
Delinea appoints tech veteran Kate Reed as new CMO
Tech and cybersecurity veteran Kate Reed joins global Privileged Access Management provider, Delinea, as Chief Marketing Officer, bringing 20+ years of experience.
Kore.ai secures $150 million for AI expansion & innovation
Advanced AI tech leader Kore.ai raises $132 million in Series D funding, facilitated by FTV Capital and existing investors, aiming to boost market expansion and AI innovation.
Impactsure's AI SURE platform available on Microsoft Azure
Impactsure launches its AI-powered SURE platform on Microsoft Azure Marketplace, offering data extraction, processing, and analytics.
GB Helios celebrates four years of successful partnership with Mambu
GB Helios celebrates four years of prosperous collaboration with cloud bank platform Mambu, key to the firm's rapid growth and enhanced client experience.
eFlow Global reveals expansion plans to strengthen US presence
Regtech firm eFlow Global announces plans for international expansion, strengthening its position in the US and increasing its already significant client base by 57% in the past year.
Document automation strategies for Asia Pacific financial services in 2024
In 2024, Asia Pacific financial firms are leaning into document automation strategies to enhance productivity, in a climate of rapid change boosted by pandemic, inflation, and employee disengagement.
Rivero secures $7 million to boost Europe-wide fintech growth
Swiss fintech firm Rivero has raised $7m in a Series A funding round to expand its Europe-wide presence.
Hardware security modules market set to double by 2028
The global HSMs market is set to rise from $1.2bn in 2023 to $2.3bn by 2028, driven by growing cyber threats, data security needs and digital transactions.
Hitachi Payment Services completes acquisition of Writer Corporation's Cash Business
Hitachi Payment Services bolsters its position in India's payments industry with the acquisition of Writer Corporation’s Cash Management Business, now rebranded as Hitachi Cash Management Services.
Rapid growth predicted for sustainable finance market
Surging demand for environmentally and socially responsible investments is set to propel the sustainable finance market, reports Future Market Insights.
HDBank & JCB International launch advanced credit card
HDBank partners with JCB International to launch an advanced credit card in Vietnam, providing exclusive perks and cashback for users.
InterCloud makes history with Secure Swiss Finance Network certification
InterCloud has become the first non-Swiss firm to secure Secure Swiss Finance Network certification, enhancing global financial service security.
Impactsure, Tesselate to enhance financial decision-making
Indian digital transformation leader, Impactsure, partners with France's Tesselate to revamp decision-making in financial institutions.
Kiwi crypto investors trade NZD $4.6 billion in first year on Binance
Kiwi crypto investors traded NZD $4.6bn in digital assets in the first year on Binance New Zealand, the largest local exchange.
Australian fintech sector shows success but start-ups face steep entry barriers
Australia's fintech sector thrives, yet emerging start-ups battle daunting entry barriers, according to EY FinTech Australia Census report.
Delinea enhances Secret Server features for streamlined privilege access management
Delinea boosts Secret Server's usability with new features, aiming to streamline privileged access management across businesses.
Slyp reveals environmental impact of paper receipts on Black Friday
Slyp, backed by Australia's major banks, reveals the damaging ecological and health impact of paper receipts on Black Friday.
FinCrime Dynamics Bolsters Board with Fintech Leader Joanne Dewar
Cambridge-based FinCrime Dynamics has appointed fintech leader Joanne Dewar to its board as it prepares for growth.
CBA combats cyber abuse with free AI & machine-learning techniques
CBA campaigns against tech-facilitated abuse, offering proprietary AI and machine-learning techniques free to all banks.