Financial institutions stories - Page 8

SAS has been named Market Leader in AI-driven fraud and AML case management, praised for its stable platform and advanced cloud-native AI features.

Atlas Consolidated raised USD $18.1 million to boost growth of HugoHub, its fintech platform cutting banking tech costs by up to 90% for global banks.

Australian banks invest heavily in AI but struggle to realise value amid complex compliance, fragmented data, and rising customer trust concerns, experts say.

Australian businesses have lost AUD $2.03 billion to increasingly sophisticated AI-driven scams in 2024, signalling a growing threat to the economy.

Finastra and NTT DATA have expanded their partnership to enhance cloud-based lending services for banks in MAAP and LATAM, improving speed and operational efficiency.

QuSecure appoints Jennifer Leggio as SVP of Marketing amid surging demand for its quantum-safe cybersecurity solutions globally.

Nutanix has been named a Challenger in the 2025 Gartner Magic Quadrant for Container Management after launching its Nutanix Kubernetes Platform last year.

PEXA completes its Australia-wide digital property settlement rollout with Northern Territory launch, exceeding AUD $1 trillion in annual transactions.

Widespread outages have cost Australians AUD $5.3 billion yearly, with 68% losing trust in telecommunications amid rising service disruptions.

FNZ and Microsoft have formed a five-year global partnership to integrate AI into wealth management, enhancing digital experiences for advisors and clients worldwide.

In 2024, data breaches threaten business survival as regulators enforce stricter cybersecurity rules and firms must manage vast unstructured data with care.

A Black Kite report reveals most third-party vendors in finance show major cyber security flaws, posing serious risks despite fewer direct attacks on institutions.

Celonis and Bright Cape launch Smart KYC Control Tower app to help financial firms cut costs, boost compliance and improve customer experience in KYC processes.

Appian has been named on FinTech Global's 2025 AIFinTech100 list for pioneering AI-driven solutions that transform banking, compliance and financial services workflows.

Ashurst appoints Terri Mottershead as Director to lead its global digital legal services team, boosting AI and technology-driven innovations for clients.

The Reserve Bank of Fiji is spearheading efforts to enhance national cyber resilience amid rapid digital growth, urging collaboration between public and private sectors.

Backbase appoints Adrian McPhee as CTO to spearhead its AI-powered banking platform, accelerating global digital transformation in the financial sector.

FourTwoThree launches a global SME climate data platform supported by NatWest, NAB and SC Ventures to aid net zero transitions across supply chains.

Sumsub and Data Zoo have partnered to deliver enhanced global fraud prevention and compliance solutions for financial institutions across 170+ jurisdictions.

Cyberattacks on Thai organisations have surged following a deadly border clash with Cambodia, with hacktivist group AnonSecKh claiming dozens of attacks since March 2025.