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AI's role in global digital fraud exposed by BioCatch study
Artificial Intelligence

AI's role in global digital fraud exposed by BioCatch study

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.

By Catherine Knowles • 3 min read • Wed, 1st May 2024
Customers vs banks - Where should the buck stop in preventing finance scams?
Advanced Persistent Threat Protection

Customers vs banks - Where should the buck stop in preventing finance scams?

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.

By Nathan Wenzler • 3 min read • Wed, 24th Apr 2024

Global Stories

Financial institutions stories

AI-driven identity fraud on the rise, says Signicat report
B2B

AI-driven identity fraud on the rise, says Signicat report

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.

By Catherine Knowles • 3 min read • Thu, 30th May 2024
Currencycloud & Pyvio to streamline Chinese eCommerce payments
Fintech

Currencycloud & Pyvio to streamline Chinese eCommerce payments

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

By Sean Mitchell • 3 min read • Wed, 29th May 2024
Exclusive: How Kyriba is optimising organisations financial strategies
Supply Chain

Exclusive: How Kyriba is optimising organisations financial strategies

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

By Tom Raynel • 4 min read • Thu, 16th May 2024
DataStax to launch AI-integrated data platforms HCDP & DSE 6.9
Converged Infrastructure

DataStax to launch AI-integrated data platforms HCDP & DSE 6.9

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.

By Tom Raynel • 3 min read • Thu, 16th May 2024
Tech Data Capital expands to Singapore, Australia & India
Financial institutions

Tech Data Capital expands to Singapore, Australia & India

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.

By Kaleah Salmon • 3 min read • Wed, 8th May 2024
Finastra & OpenFin unite to boost Kondor's treasury banking system
Risk & Compliance

Finastra & OpenFin unite to boost Kondor's treasury banking system

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

By Kaleah Salmon • 3 min read • Mon, 6th May 2024
Australian firms see customer rates hit by increasing fraud
Fintech

Australian firms see customer rates hit by increasing fraud

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

By Shannon Williams • 3 min read • Thu, 2nd May 2024
Bridgewise secures $21M funding led by SIX Group & Group 11
Artificial Intelligence

Bridgewise secures $21M funding led by SIX Group & Group 11

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.

By Catherine Knowles • 3 min read • Tue, 23rd Apr 2024
Cogo & Personetics introduce AI-powered sustainable banking
Fintech

Cogo & Personetics introduce AI-powered sustainable banking

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.

By Tom Raynel • 3 min read • Wed, 17th Apr 2024

Stories from Other Regions

Financial institutions stories

Transact Payments rebrands as TransactPay to mark new chapter
Clean technologies

Transact Payments rebrands as TransactPay to mark new chapter

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.

By Kaleah Salmon • 3 min read • Tue, 11th Jun 2024
Lucinity launches AI copilot plug-in at Money2020 Europe
Customer Relationship Management

Lucinity launches AI copilot plug-in at Money2020 Europe

Lucinity unveils an advanced AI copilot plug-in at Money2020 Europe, promising instant ROI and up to 90% productivity boosts for financial institutions.

By Sean Mitchell • 3 min read • Mon, 10th Jun 2024
Paymentology & Audax partner to revolutionise card services
Fintech

Paymentology & Audax partner to revolutionise card services

Paymentology and Audax join forces to deliver an innovative Cards-as-a-Service solution, simplifying and speeding up card programme launches for banks and FIs in Southeast Asia and the Middle East.

By Catherine Knowles • 3 min read • Thu, 16th May 2024
Report reveals 76% of banks face sophisticated fraud threats
Biometrics

Report reveals 76% of banks face sophisticated fraud threats

Report reveals increase in fraud cases amongst banks, with money laundering, account takeovers, and AI-generated threats posing significant risks.

By Shannon Williams • 3 min read • Fri, 10th May 2024
Ozone API partners with Thistle Initiatives for PSD3 compliance readiness
Fintech

Ozone API partners with Thistle Initiatives for PSD3 compliance readiness

Global open banking leader, Ozone API, has formed a strategic partnership with Thistle Initiatives to help financial institutions achieve compliance with the forthcoming Third Payment Services Directive (PSD3).

By Imee Dequito • 3 min read • Thu, 18th Apr 2024
Fils partners with Aion to integrate ESG values in Middle Eastern finance
Fintech

Fils partners with Aion to integrate ESG values in Middle Eastern finance

Fintech operator Fils joins forces with digital banking provider Aion to fuse ESG principles into Middle East finance, leveraging Green APIs to track and reduce emissions.

By Kaleah Salmon • 3 min read • Thu, 18th Apr 2024