Financial institutions stories - Page 2

EU banks face a 2026 crunch as new AML rules spark a shake-up in KYC vendors, testing compliance strategies amid rising fraud risks.

Vantage Markets secures Trend Micro’s Innovation Partnership Award for transforming security and driving real-time threat intelligence sharing.

TCS launches BaNCS AI Compass, adding explainable AI agents to help global banks automate operations while tightening governance controls.

Aviva extends its tech pact with TCS, shifting another 1.1m UK life policies onto the BaNCS platform to streamline service and costs.

Finance leaders hail AI as core to strategy, yet fewer than half have scaled it beyond pilots amid legacy, skills and leadership hurdles.

CARS24 shifts its lending to Pennant’s cloud, unifying loan servicing on a single digital platform to boost automation and scalability.

Amid an AI-fuelled fraud surge and tightening biometrics rules, Southeast Asia’s banks must choose verification partners with strategic care.

Flywire links Weixin Pay to tuition in South Korea and Malaysia, giving Chinese students in-region RMB payment for university fees.

New Zealand cyber agency emails 26,000 people in first mass alert over Lumma Stealer malware infecting Windows devices nationwide.

Thirdfort adopts iProov biometrics to streamline UK property ID checks and combat AI-driven fraud in deals worth billions of GBP £1.6bn+.

AI-fuelled synthetic ID fraud is surging, set to cost firms USD $23 billion by 2025 and USD $58.3 billion by 2030 without stronger checks.

Guidewire appoints Suresh Raman as APAC regional vice president to drive cloud and AI-led sales growth across key Asia Pacific markets.

Digimune and MY CYBER GUARD have teamed up to launch an Australian identity protection service for households and small businesses.

AI has gone mainstream in wealth management, with most firms reporting positive returns and faster payoffs from early adoption, FNZ study shows.

eflow Global launches AI-powered eComms modules with transparent fees from USD $0.20 per GB, cutting compliance costs for financial firms handling digital records.

Group-IB has launched a Cyber Fraud Intelligence Platform to help UK banks tackle GBP £600m fraud by securely sharing real-time risk signals while ensuring data privacy.

UK banks face rising AI-driven fraud in 2026 as criminals exploit gaps in regulation, prompting calls for urgent cross-sector action to protect consumers.

Europe's new anti-money laundering rules mandate AI integration, as legacy systems fail to meet rising financial crime challenges and regulatory standards.

Michaela O'Connor has been appointed Chief Growth Officer at Symcor to lead sales, marketing, and strategy, driving the company’s expansion and innovation.

Camunda appoints Ryan Shopp as Chief Marketing Officer to boost growth and enhance engagement with global enterprise clients amid rising agentic automation demand.