Banking Stories - Page 50

Australian Stories

Banking stories

Bendigo & Adelaide Bank embraces AI for tech modernisation

Bendigo and Adelaide Bank pairs with MongoDB to modernise its core banking tech using MongoDB Atlas and generative AI, aiming to slash costs and boost innovation.

By Catherine Knowles • 3 min read • Mon, 17th Jun 2024

Unified Communications

Commonwealth Bank joins anti-scam network to bolster security

Commonwealth Bank of Australia joins a new anti-scam intelligence network to combat online fraud, in collaboration with AFCX and NASC, enhancing digital security.

By Kaleah Salmon • 2 min read • Fri, 14th Jun 2024

Fintech

AI adoption among Australian SMEs to surge by 2026, survey finds

A survey by Small Business Loans Australia reveals 25% of SMEs are using AI, with 60% planning adoption by 2026. NSW leads, while medium-sized businesses show the highest uptake.

By Catherine Knowles • 3 min read • Fri, 14th Jun 2024

Customer Experience

Australian customer experience quality stagnates or declines

Forrester's report reveals that customer experience quality in Australia has stagnated or declined since 2020, with banks and government sectors hit hardest.

By Kaleah Salmon • 3 min read • Thu, 6th Jun 2024

Unified Communications

Endava accelerates Australian growth with key acquisitions

Endava restructures leadership and strategy post-acquisition of Mudbath and DEK Technologies, enhancing its Australian capabilities for significant digital transformation growth.

By Imee Dequito • 3 min read • Wed, 5th Jun 2024

Global Stories

Banking stories

Firewalls

Zyxel Networks' firewall solutions win top PUR survey accolade

Zyxel Networks' firewall solutions have topped the latest Professional User Ratings survey by techconsult, winning Champion status for superior security, user-friendliness, and reliability among SMBs.

By Kaleah Salmon • 3 min read • Wed, 19th Jun 2024

Fintech

Global banking fraud to hit USD $48bn by 2029, says study

Bank fraud is projected to reach USD $48 billion globally by 2029, a 153% surge, driven by evolving AI tactics, says Juniper Research.

By Sean Mitchell • 3 min read • Mon, 17th Jun 2024

Fintech

Less than half of UK firms use GenAI despite recognised benefits

UiPath's Global Knowledge Worker Survey reveals that only 47% of UK businesses are utilising GenAI tools. Meanwhile, 28% of workers are experiencing burnout, highlighting a need for better AI training and support.

By Catherine Knowles • 3 min read • Mon, 17th Jun 2024

Fintech

Xero unveils AI companion JAX to enhance accounting accuracy

Xero has revealed its AI-powered business companion, Just Ask Xero (JAX), to boost accuracy in accounting tasks, launching a beta in August.

By Imee Dequito • 4 min read • Thu, 13th Jun 2024

Fintech

Australian executives predict AI-driven business growth in 2024

A new survey by OpenText Cybersecurity reveals that 92.5% of Australian executives in MSPs and MSSPs foresee significant business growth driven by AI investments in the next year.

By Catherine Knowles • 3 min read • Tue, 11th Jun 2024

Fintech

Bank partners with Newgen Software to digitise onboarding

Centennial Bank partners with Newgen Software to digitise onboarding, enhancing customer experience with a streamlined, low-code automation solution.

By Melania Watson • 2 min read • Fri, 7th Jun 2024

Hyperscale

HID integrates U.ARE.U camera system with Amazon Rekognition

HID integrates its U.ARE.U Camera Identification System with Amazon Rekognition, enhancing facial analysis and verification for self-service and POS environments.

By Shannon Williams • 3 min read • Wed, 5th Jun 2024

Digital Transformation

Digital trust underfunded despite its growing importance

A new ISACA report reveals organisations worldwide recognise the rising importance of digital trust but substantially underfund initiatives.

By Shannon Williams • 4 min read • Wed, 5th Jun 2024

Stories from Other Regions

Banking stories

Unified Communications

Netsafe ramps up NZ's scam defences with new AI tools

Netsafe relaunches Re:Scam.org with advanced AI to combat scammers, as NZ's annual scam costs hit NZD $2 billion.

By Shannon Williams • 3 min read • Wed, 19th Jun 2024

Fintech

Xero introduces AI tool JAX to boost accounting accuracy

Xero has unveiled JAX, a new AI-powered smart business companion, at Xerocon London, promising enhanced accuracy in accounting tasks for small businesses.

By Imee Dequito • 3 min read • Thu, 13th Jun 2024

Crypto

Finance professionals lead in AI adoption, report reveals

Finance professionals lead AI adoption, with 63% utilising it for fraud detection and risk management. Marketing and sales show lower usage at 27% and 19%.

By Melania Watson • 3 min read • Fri, 7th Jun 2024

Digital Transformation

OpenPayd's annual recurring revenue tops GBP £40 million

OpenPayd doubles growth for the second year, hitting over GBP £40 million ARR, as embedded finance adoption surges. CEO Dimitrova eyes new milestones.

By Melania Watson • 2 min read • Fri, 7th Jun 2024

Fintech

UK SMEs eye global expansion despite banking challenges

A new report by IFX Payments reveals that 78% of UK SMEs are set to expand globally despite facing challenges from ring-fencing regulations and Brexit.

By Catherine Knowles • 4 min read • Thu, 6th Jun 2024