Financial Services stories - Page 8

Manulife reports that over 75% of its global workforce is now utilising its GenAI tools, including the newly launched ChatMFC, enhancing efficiency and innovation.

Bravura Solutions is set to enhance retirement advice for over 6 million Australian super fund members, driving a digital revolution in the sector.

TISA Commercial Enterprise has announced that Norwegian Digital ID firm BankID will join the advisory committees of Select ID to enhance digital identity accessibility in the UK.

Miranda McLean, CMO of Ecommpay, has once again been named in the Innovate Finance Women in FinTech Powerlist 2024, recognising her impact in the industry.

AnswerRocket has launched a new Enterprise AI Consulting Division, appointing two seasoned leaders to drive business transformation through AI solutions.

A newly uncovered botnet of over 130,000 compromised devices is exploiting Microsoft 365 accounts through password spraying attacks, raising security alarms.

Red Canary has unveiled enhancements to its Security Data Lake, offering organisations a cost-effective solution for storing infrequently accessed security logs.

A report reveals New Zealanders spent 24 million hours on hold for customer service in 2024, with two-thirds considering switching providers due to delays.

A surge in insolvency risks is predicted for Australian firms in 2025, with failure rates rising 6% in late 2024 amid renewed financial pressures.

Zoom and Mitel have unveiled a new hybrid communication solution that merges Zoom's collaboration features with Mitel's telephony systems, catering to enterprises' evolving needs.

Straker and IGUAZU have unveiled SwiftBridge, an AI tool aimed at helping Japanese firms meet new bilingual financial reporting regulations by 2025.

CEOs across industries share a common challenge: the quest for sustainable growth. Aiming for six per cent annual growth, firms must optimise processes and harness automation.

Huawei Cloud has launched innovative services aimed at accelerating the transition to AI-native architectures, marking significant growth and industry leadership.

Abacus Group has appointed Elizabeth Kubycheck as Chief People Officer and Chief of Staff to enhance its global people strategy amid expansion efforts.

The evolution of Australia's Consumer Data Right is set to transform lending, allowing non-bank lenders to innovate and enhance consumer choice by 2026.

Seventy-five per cent of banks are set to increase investment in risk technology, as a global report highlights rising priorities amid macroeconomic challenges.

DigiCert has been appointed by the American Standards Committee X9 to oversee a new Public Key Infrastructure (PKI) for global financial institutions.

Group-IB's new report reveals a 58% rise in Advanced Persistent Threats, with Europe facing the brunt amid escalating geopolitical tensions.

As the EU's AI Act takes effect in 2026, companies face the challenge of divergent AI regulations across borders, prompting the need for robust compliance guardrails.

CrowdStrike's research reveals a staggering 150% rise in China-linked cyber espionage, fuelled by AI tactics, posing significant risks across various industries.