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Visa mandates end of SMS OTPs to tackle AI-driven scams
Customer Experience

Visa mandates end of SMS OTPs to tackle AI-driven scams

Visa will require Australian financial institutions to move beyond SMS One-Time Passwords for payments by October 2026 to combat rising AI-driven fraud.

By Sean Mitchell • 3 min read • Mon, 9th Dec 2024

Global Stories

Financial institutions stories

Ondo Finance launches tokenised US Treasuries on XRP Ledger
Blockchain

Ondo Finance launches tokenised US Treasuries on XRP Ledger

Ondo Finance has unveiled tokenised U.S. Treasuries on the XRP Ledger, boosting institutional access to short-term securities via Ripple USD.

By Melania Watson • 3 min read • Wed, 29th Jan 2025
Real-time KYC: Tipping the balance in corporate banking's digital revolution
Data Analytics

Real-time KYC: Tipping the balance in corporate banking's digital revolution

As corporate banking undergoes a digital transformation, real-time KYC processes powered by Corporate Digital Identity are set to significantly enhance operational efficiency.

By Wayne Johnson • 6 min read • Tue, 28th Jan 2025
AI revolutionising financial crime detection by 2025
Quantum Computing

AI revolutionising financial crime detection by 2025

The future of financial crime prevention is being reshaped by AI and quantum computing, presenting both opportunities and risks, says Efficient Frontiers International.

By Shannon Williams • 4 min read • Mon, 27th Jan 2025
Backbase highlights banking trends shaping the industry in 2025
Data Analytics

Backbase highlights banking trends shaping the industry in 2025

Backbase forecasts a USD $1 trillion transformation in banking by 2025, urging traditional banks to innovate or face a 30% market share loss to digital rivals.

By Kaleah Salmon • 3 min read • Tue, 14th Jan 2025
Morgan Stanley partners with Wise to boost FX settlements
Financial institutions

Morgan Stanley partners with Wise to boost FX settlements

Morgan Stanley has partnered with Wise to enhance its foreign exchange settlement capabilities, marking a first for an investment bank in this area.

By Kaleah Salmon • 2 min read • Thu, 26th Dec 2024
Radware strengthens AI security for top Italian bank
Firewalls

Radware strengthens AI security for top Italian bank

Radware is boosting its AI-driven security services for one of Italy's top five banks, aiming to combat rising cyber threats and comply with EU regulations.

By Melania Watson • 3 min read • Fri, 20th Dec 2024
Stefan Krause joins artius.iD as strategic advisor
Cartech

Stefan Krause joins artius.iD as strategic advisor

Security and digital ID firm artius.iD appoints Stefan Krause, ex-CFO of BMW and Deutsche Bank, to its Board of Strategic Advisors amid growing cybersecurity challenges.

By Imee Dequito • 2 min read • Thu, 19th Dec 2024
Pegasystems unveils AI-driven Pega Smart Investigate update
Robotic Process Automation

Pegasystems unveils AI-driven Pega Smart Investigate update

Pegasystems has unveiled the latest Pega Smart Investigate Enterprise Edition, enhancing banks' capabilities in processing payment exceptions with AI automation.

By Melania Watson • 3 min read • Thu, 12th Dec 2024
Financial sector's growing focus on cloud resiliency in 2023
Disaster Recovery

Financial sector's growing focus on cloud resiliency in 2023

The Cloud Security Alliance's new report reveals that 78% of financial institutions use single-cloud systems, emphasising resilience amid rising cyber threats.

By Shannon Williams • 3 min read • Thu, 12th Dec 2024

Stories from Other Regions

Financial institutions stories

DORA compliance deadline impacts EU financial sector
Data Protection

DORA compliance deadline impacts EU financial sector

The deadline for the EU's Digital Operational Resilience Act has arrived, pushing financial institutions to enhance their cybersecurity and compliance practices.

By Sean Mitchell • 3 min read • Sat, 18th Jan 2025
Citi & Barclays invest in Validis for banking innovation
Risk & Compliance

Citi & Barclays invest in Validis for banking innovation

Citi and Barclays have invested in Validis to boost banking innovation, focusing on automated data standardisation for improved lending processes.

By Kaleah Salmon • 2 min read • Fri, 17th Jan 2025
Azul's OpenJDK solutions comply with EU's DORA standards
Advanced Persistent Threat Protection

Azul's OpenJDK solutions comply with EU's DORA standards

Azul has secured compliance for its OpenJDK solutions with the EU's DORA standards, bolstering digital resilience for financial institutions ahead of the 2025 deadline.

By Catherine Knowles • 2 min read • Fri, 17th Jan 2025
Futurex partners with Cake to launch cloud payment system
Document Management

Futurex partners with Cake to launch cloud payment system

Futurex has teamed up with Cake, Vietnam's leading digital bank, to launch the country's first fully cloud-based Card Management System.

By Catherine Knowles • 3 min read • Thu, 26th Dec 2024
Digital resilience rules for ICT providers from 2025
Cybersecurity

Digital resilience rules for ICT providers from 2025

The Digital Operational Resilience Act will come into force on 17 January 2025, impacting ICT providers linked to the financial services sector.

By Kaleah Salmon • 2 min read • Thu, 26th Dec 2024
Hands-on Review: Norton 360 Platinum with the new Financial Monitoring
Advanced Persistent Threat Protection

Hands-on Review: Norton 360 Platinum with the new Financial Monitoring

Norton has launched Financial Monitoring within its 360 Platinum suite, enhancing users' financial security by tracking unusual activity and subscription changes.

By Sean Mitchell • 4 min read • Wed, 18th Dec 2024
UK & US firms face rising data costs despite upgrades
Cloud Services

UK & US firms face rising data costs despite upgrades

A new study reveals that 94% of financial institutions in the UK and US anticipate rising data budgets, raising concerns over cost control amid increasing expenses.

By Shannon Williams • 3 min read • Thu, 12th Dec 2024