Financial institutions stories
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Siemon appoints Trey Somers as new VP of product management
Yesterday
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financial institutions
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siemon
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job moves
Siemon appoints Trey Somers as VP of Product Management to lead global product team, aiming to innovate and adapt to market needs. Somers brings 20+ years' expertise.
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Exclusive: Rimini Street's approach to financial support, services
4 days ago
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digital transformation
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ai
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cybersecurity
Rimini Street is set to revolutionise tech support in the financial sector, offering robust and cost-effective solutions for digital transformation.
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Alveo & Gresham merge to form data automation powerhouse
5 days ago
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london
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data management
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financial institutions
Alveo merges with Gresham Technologies to form a data automation titan, aimed at revolutionising data management and efficiency for global financial markets.
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Cyber Security experts respond to global IT outage
Last week
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ai security
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healthtech
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crowdstrike
It comes after a major IT outage linked to a Windows security update stopped essential services around the world, causing significant disruption.
![Story image](../../../../../uploads/story/2024/07/21/preview_techday_765b64e8383352fd9d71.webp)
CrowdStrike security issue causes global Windows system failures
Last week
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soc
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ai security
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healthtech
CrowdStrike's Falcon sensor causes global Windows BSOD, hitting emergency, banking, and aviation sectors.
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Endor Labs secures strategic investment from Citi Ventures
Last week
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virtualisation
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open source
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software development
Endor Labs secures strategic investment from Citi Ventures, boosting its mission to protect software supply chains for major financial institutions.
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UK businesses hit hard by AI-driven cyber threats, says report
Last week
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ai security
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hsbc
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financial institutions
A Darktrace report reveals that 71% of UK businesses have faced AI-powered cyber threats, with 95% feeling unprepared. Firms like Barclays and HSBC are at risk.
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eflow Global upgrades TZEC to combat market abuse with AI
Last week
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uc
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surveillance
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ai
eflow Global's TZEC upgrade leverages AI to enhance eComms surveillance, aiming to curb market abuse and meet strict regulatory demands amid rising fines.
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CloudSEK report uncovers rise in investment scams on social media
This month
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whatsapp
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vietnam
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social media
CloudSEK reveals a surge in investment scams through WhatsApp and Telegram, with 29,000 fraudulent ads on Facebook and over 81,000 fake Twitter accounts.
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REGnosys donates Rune code to FINOS to streamline compliance
This month
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risk & compliance
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regtech
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financial institutions
REGnosys has open-sourced its regulatory language Rune to FINOS, aiming to streamline compliance and reduce UK banks' annual reporting costs of up to GBP £4.5 billion.
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Azul sees rapid growth in APAC driven by Oracle's price hikes
Last month
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oracle
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asia pacific
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financial institutions
Azul sees a surge in Asia Pacific, driven by Oracle's Java SE pricing changes and rising cloud costs. New bookings jumped 37% in FY24, with a 437% rise in Q1 FY25.
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BioCatch report underscores evolving fraud landscape in APAC
Last month
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endpoint protection
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fintechs
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email security
BioCatch's latest report on APAC digital banking fraud trends reveals a 70% rise in mobile app fraud and a dramatic 108% surge in voice scams, alongside a notable decline in fraud losses in Australia.
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OMS Group secures USD $292.5 million syndicate deal for expansion
Last month
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hsbc
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malaysia
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financial institutions
OMS Group has secured USD $292.5 million for global expansion in subsea telecommunications from a consortium including HSBC and KKR Capital Markets.
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Global banking fraud to hit USD $48bn by 2029, says study
Last month
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fintechs
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martech
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commerce systems
Bank fraud is projected to reach USD $48 billion globally by 2029, a 153% surge, driven by evolving AI tactics, says Juniper Research.
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Bendigo & Adelaide Bank embraces AI for tech modernisation
Last month
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ai
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modernisation
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financial institutions
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.
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Bank of China & Cogo launch new carbon tracking app
Last month
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martech
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cx
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nz
Bank of China (Hong Kong) has launched a feature allowing customers to track carbon emissions via spending, thanks to a new partnership with fintech firm Cogo.
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Transact Payments rebrands as TransactPay to mark new chapter
Last month
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cleantech
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financial institutions
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b2b
Transact Payments rebrands as TransactPay after a year-long transformation, aiming to strengthen its position as a premier BIN sponsor in the UK and Europe.
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Lucinity launches AI copilot plug-in at Money2020 Europe
Last month
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fintechs
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crm
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rpa
Lucinity unveils an advanced AI copilot plug-in at Money2020 Europe, promising instant ROI and up to 90% productivity boosts for financial institutions.
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Bank partners with Newgen Software to digitise onboarding
Last month
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fintechs
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cx
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martech
Centennial Bank partners with Newgen Software to digitise onboarding, enhancing customer experience with a streamlined, low-code automation solution.
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AI-driven identity fraud on the rise, says Signicat report
Thu, 30th May 2024
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financial institutions
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report
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b2b
A new report by Signicat and Consult Hyperion reveals the growing threat of AI-driven identity fraud across Europe, urging financial institutions to boost their defences.