Banking industry stories
Fortinet unveils rugged device for secure 5G capabilities
Fortinet has unveiled a robust, compact appliance that intensifies secure networking and 5G connectivity for operational technology environments.
LPBank teams up with Finastra & NGS for digital treasury overhaul
Lien Viet Post Joint Stock Commercial Bank (LPBank) joins forces with Finastra and NGS to drive digital transformation and elevate its treasury capabilities, enhancing operational efficiency and governance.
Banks dedicate more resources to responsible AI but clarity lags behind
Banks are dedicating more resources to responsible artificial intelligence, with a 43% staffing increase, but only six clarify their approach.
Bud Financial appoints Rachel Fairhurst & Jakub Piotrowski as Senior Leaders
Bud Financial appoints Rachel Fairhurst as VP of Credit Risk & Client Success, and Jakub Piotrowski as VP of Product to drive commercial growth and innovation.
Redefining finance: How AI is revolutionising banking & cybersecurity
AI is transforming the finance sector, improving customer service, battling fraud, and making repayments efficient.
URECA appoints Tom Carr as Chief Financial Officer
URECA names Tom Carr as CFO, reinforcing commitment to democratize access to carbon credits and accelerate sustainability initiatives.
Arise by INFINITAS and Google Cloud partner to aid open innovation
The companies are building a co-innovation platform and talent ecosystem for delivering more equitable and inclusive access to financial services.
Mastercard to eliminate plastics from payment cards by 2028
Mastercard has announced it is accelerating efforts to remove first–use PVC plastics from payment cards on its network by 2028.
67% rise in fraud losses in the UK in 2022, says money.co.uk
The personal finance experts at money.co.uk, in their 2022 Fraud Report, have revealed the average monthly losses to fraudsters in 2022 to be over £333 million.
Horizen Labs has announced a new CTO
Zain Cheng named Chief Technology Officer at Horizen Labs. Cheng oversaw product teams, including sidechains and smart contracts, and EVM development.
Industry veteran becomes Chairman of Cloudfloat Board
Bob McKinnon, a veteran of the financial services industry, has become the new chairman of Cloudfloat, a platform providing cash flow for small businesses.
Four marginal gains for the new era of credit decisioning
Businesses in banking and finance are turning to innovative technology for credit decisions, with machine learning playing a key role.
Banking-as-a-Service to hit mainstream within two years
Some 30% of banks with greater than $1bn in assets will launch BaaS for new revenue by the end of 2024, but half will not meet revenue expectations.
IDC research shows rise in big data and analytics adoption
According to IDC, ANZ spending on BDA solutions is expected to grow at 13.3% in the five years between 2021-2026, and hit US$8.9 billion by 2026.
How Infosys Consulting is driving better data-driven solutions for ASEAN
Trends across the market have continued to show that customers are expecting transactional banking activities to be completely effortless.
The future of banking will be open and interconnected
The shift from legacy banking processes to Banking as a Service is well underway, with established banks at risk of being left behind without adoption.
Virgin Money works with 9Spokes to create custom offering
Virgin Money has partnered with 9Spokes to develop a custom business dashboard, M-Track, to provide stronger insights for SME customers.
SC Ventures launches fintech startup for retail banking
SC Ventures has launched fintech startup Appro to simplify the retail banking user journey, reducing application process times from hours to minutes.
Heritage Bank appoints Mikhail Lopushanski as chief information security officer
Heritage Bank appoints Mikhail Lopushanski, former chief security officer at Australian Prudential Regulation Authority, as CISO to boost data security.
Check Point reveals top malicious threats in June 2022
New Android banking malware, MaliBot, emerges following FluBot takedown. It disguises itself as crypto mining apps and targets mobile banking users.
New ASB campaign helps young people better understand money
ASB is helping 18 to 24-year-olds take advantage of financial possibilities and better understand the world of money.
Airwallex launches global payment services in New Zealand
The launch will enable businesses in New Zealand to tap into Airwallex's global payments services, offering an alternative to traditional banks.
Banks, PSPs prioritising payment modernisation to compete
A new report gives payment providers a forward-looking view of the evolution of payments and investment drivers for modernisation.
Australians re-examining spending fees and charges
The majority of Australians are beginning to examine fees more closely. Unfortunately, no transaction is completely and always ‘free’.