Financial institutions stories - Page 13

CrowdStrike's Falcon sensor causes global Windows BSOD, hitting emergency, banking, and aviation sectors.

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.

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.

BioCatch's latest report reveals a dramatic shift in the APAC fraud landscape, with 70% of scams now stemming from mobile apps, highlighting new vulnerabilities.

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

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.

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

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.

Currencycloud and Pyvio are partnering to enhance cross-border payment solutions for Chinese eCommerce businesses, aiming to simplify transactions in emerging markets.

Financial strategies firm, Kyriba, is empowering CFOs and IT leaders in the APAC region with its AI-powered risk management solutions,.

DataStax is set to revolutionise enterprise data with the upcoming launch of its Hyper-Converged Data Platform and DSE 6.9, promising advanced AI and vector search capabilities.

AI-enhanced identity security is essential as 93% of financial services leaders grapple with data breaches. How can AI modernise and fortify their defences?.

Tech Data Capital is set to launch in Singapore, Australia, and India, offering flexible financing for IT channel partners and end-users to fuel growth within the region's tech ecosystem.

Finastra partners with OpenFin to enhance the user experience on Kondor, Finastra's bank treasury management system, streamlining decision-making processes for banks.

LexisNexis Risk Solutions' study reveals 80% of Australian firms recognise fraud significantly impacting customer conversion rates.

A BioCatch study reveals that artificial intelligence (AI) is increasingly used by criminals for financial crime and digital fraud, posing significant challenges to global financial institutions.

As cybercrime rates surge, Australia's major banks grapple with responsibility for preventing financial scams, prompting critical discourse on customer versus bank account protection roles.

AI-based analysis platform Bridgewise secures $21m in funding led by SIX Group, raising total capital to $35m to expand reach and enhance its AI technology for global security insights.

Cogo partners with AI-firm Personetics, pioneering climate-conscious banking by aiding customers in understanding and managing their carbon footprints based on their spending habits.

Frollo, Australia's Open Banking service provider, urges a collaborative strategy to enhance the data quality in the nation's Consumer Data Right framework, supporting superior financial outcomes.