TechDay Canada - Canada's technology news network

Financial institutions Stories - Page 23

Global Stories

Financial institutions stories

Ben Hurley named CEO to lead Devexperts' growth phase
Software-as-a-Service

Ben Hurley named CEO to lead Devexperts' growth phase

Devexperts has appointed Ben Hurley as its new CEO, signalling a clear focus on innovation and growth as the company expands its market presence.

By Imee Dequito • 3 min read • Thu, 17th Oct 2024
Ripple launches RLUSD stablecoin with global partners
Crypto

Ripple launches RLUSD stablecoin with global partners

Ripple has unveiled RLUSD, a USD stablecoin for enterprises, launching it with key partners like Uphold and Bitstamp to ensure global access.

By Imee Dequito • 3 min read • Wed, 16th Oct 2024
Majority of PSPs face bank account closures by lenders
Fintech

Majority of PSPs face bank account closures by lenders

A report from fintech Neo reveals 95% of Payment Service Providers have faced account closures or restrictions, often without bank explanations.

By Shannon Williams • 3 min read • Tue, 15th Oct 2024
Ripple Custody update enhances security for digital assets
Crypto

Ripple Custody update enhances security for digital assets

Ripple has unveiled an update to its Custody platform, enhancing features for fintechs with improved security and real-time transaction monitoring.

By Catherine Knowles • 3 min read • Fri, 11th Oct 2024
Report reveals gaps in supplier management for SaaS firms
Software-as-a-Service

Report reveals gaps in supplier management for SaaS firms

A new report reveals that over 32% of financial institutions lack clarity in supplier management, increasing their risk amid tightening regulations.

By Shannon Williams • 3 min read • Wed, 9th Oct 2024
Commvault & Pure Storage unveil cyber readiness solution
Storage

Commvault & Pure Storage unveil cyber readiness solution

Commvault and Pure Storage have launched a joint cyber readiness solution to help financial institutions meet the EU's DORA regulations by 2025.

By Sean Mitchell • 3 min read • Wed, 9th Oct 2024
Xalts partners with Avalanche to drive RWA tokenization
Application Programming Interface

Xalts partners with Avalanche to drive RWA tokenization

Xalts and Avalanche are teaming up to revolutionise financial institutions with custom blockchain networks and RWA tokenization, launching in Turkey with Misyon Bank.

By Sean Mitchell • 3 min read • Wed, 18th Sep 2024
Exclusive: Richard Seiersen discusses cybersecurity risk management
Financial institutions

Exclusive: Richard Seiersen discusses cybersecurity risk management

Richard Seiersen, Chief Risk Technology Officer at Qualys, is helping businesses master cybersecurity risk measurement and communication.

By Melania Watson • 5 min read • Fri, 6th Sep 2024
Asia Pacific faces rising fraud threat, Forrester report warns
Network Infrastructure

Asia Pacific faces rising fraud threat, Forrester report warns

A Forrester report warns that the Asia Pacific region faces a growing threat from fraud, with incident rates exceeding the global average, straining financial institutions.

By Kaleah Salmon • 3 min read • Wed, 4th Sep 2024
Titans of Tech - Pieter Danhieux of Secure Code Warrior
Breach Prevention

Titans of Tech - Pieter Danhieux of Secure Code Warrior

Pieter Danhieux, CEO of Secure Code Warrior, transformed his passion for cybersecurity into a global mission, reshaping secure coding for 600+ clients worldwide.

By Melania Watson • 4 min read • Tue, 27th Aug 2024

Stories from Other Regions

Financial institutions stories

Continuous screening vital to detect 75% more money mules
EduTech

Continuous screening vital to detect 75% more money mules

A study by Synectics reveals that 75% of money mules remain undetected without continuous KYC and AML screening, presenting a major threat to banks.

By Shannon Williams • 3 min read • Fri, 8th Nov 2024
Asian banks face rising crime threat due to low AI use
Digital Transformation

Asian banks face rising crime threat due to low AI use

A report reveals that over 50% of financial institutions in Asia are failing to adopt AI for anti-money laundering, risking exposure to financial crime.

By Melania Watson • 3 min read • Tue, 29th Oct 2024
Busting money laundering in Australia is dependent on making better data connections
Generative AI

Busting money laundering in Australia is dependent on making better data connections

The persistent ability of criminals to exploit legitimate structures to launder money has banks and others on the hunt for new tools and techniques to counter the threat.

By Peter Philipp • 5 min read • Thu, 24th Oct 2024
DAS uses AI to reveal varying Australian crop yields
Agricultural Technology

DAS uses AI to reveal varying Australian crop yields

DAS unveils detailed regional crop growth data using satellite tech and AI, spotlighting sharp disparities in Australia's winter crop yields amid climate uncertainties.

By Catherine Knowles • 3 min read • Wed, 2nd Oct 2024
Survey: Security top concern for online banking in Singapore
Fintech

Survey: Security top concern for online banking in Singapore

A new FIS survey reveals security is the top concern for online banking in Singapore, with 56% noting increased fraud attempts and millennials most affected.

By Shannon Williams • 3 min read • Tue, 24th Sep 2024
Report finds financial services most targeted by DDoS attacks for 2 years
Network Infrastructure

Report finds financial services most targeted by DDoS attacks for 2 years

Akamai's new report reveals financial services face 34% of DDoS attacks, fueled by geopolitical tensions.

By Melania Watson • 4 min read • Wed, 18th Sep 2024
Crypto market stabilises in September after August turbulence
Crypto

Crypto market stabilises in September after August turbulence

Binance Australia's September report reveals stabilised crypto markets after August's 13.1% decline, with Bitcoin support around USD $60,000. TRX surged 19.5%.

By Melania Watson • 3 min read • Wed, 11th Sep 2024
Mercedes-Benz's Acentrik wins Isle of Man Innovation Challenge
Gaming

Mercedes-Benz's Acentrik wins Isle of Man Innovation Challenge

Mercedes-Benz's Acentrik wins the 2024 Isle of Man Innovation Challenge, promising secure global data sharing and innovation across various industries.

By Kaleah Salmon • 2 min read • Fri, 6th Sep 2024