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Financial institutions Stories - Page 26

Global Stories

Financial institutions stories

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
Oracle launches AI-powered platform to combat money laundering
Risk & Compliance

Oracle launches AI-powered platform to combat money laundering

Oracle unveils AI-powered Finance Services Compliance Agent to help banks combat a predicted $5.05tn in money laundering in 2024, through enhanced transaction monitoring and risk-control efficiency.

By Catherine Knowles • 3 min read • Tue, 9th Apr 2024
Overcoming the data challenges associated with gen AI deployments
Unified Communications

Overcoming the data challenges associated with gen AI deployments

As gen AI tools transform multiple sectors, businesses need to tackle key challenges including concerns over data privacy, inherited biases, and ethical dilemmas.

By Jason Duerden • 4 min read • Wed, 3rd Apr 2024
Financial institutions increasingly deploy AI in fight against fraud
Risk & Compliance

Financial institutions increasingly deploy AI in fight against fraud

Amid growing fraud concerns, a study reveals 70% of financial institutions are turning to AI and machine learning to bolster defenses, marking a notable shift towards tech innovation.

By Kaleah Salmon • 3 min read • Tue, 2nd Apr 2024
Aryza Group launches Aryza Decide for improved credit risk management
Financial institutions

Aryza Group launches Aryza Decide for improved credit risk management

Aryza Group unveils dynamic, standalone system, Aryza Decide, geared to revolutionise credit risk management in the lending industry and encouraging operational efficiency.

By Kaleah Salmon • 3 min read • Wed, 20th Mar 2024
Selector unveils enhanced AIOps platform with GenAI
DevOps

Selector unveils enhanced AIOps platform with GenAI

AIOps startup, Selector, unveils its Spring 2024 product with features like GenAI and advanced full-stack monitoring.

By Shannon Williams • 3 min read • Tue, 19th Mar 2024
iManage adds 300 customers, 2023 recurring revenue jumps 36%
Unified Communications

iManage adds 300 customers, 2023 recurring revenue jumps 36%

iManage, a London-based cloud services company, records impressive growth in 2023 with the addition of over 300 new customers and a 36% jump in annual recurring revenue.

By Catherine Knowles • 3 min read • Fri, 15th Mar 2024
Australia's financial crime compliance costs reach $5.37bn
Data Analytics

Australia's financial crime compliance costs reach $5.37bn

Financial crime compliance costs have soared, driven by increased regulations, technology costs, and ongoing battles against evolving financial crimes.

By Shannon Williams • 3 min read • Thu, 14th Mar 2024
DCI Indonesia debuts E1, Tier IV data centre in central Jakarta
Unified Communications

DCI Indonesia debuts E1, Tier IV data centre in central Jakarta

DCI Indonesia has launched its E1 Tier IV data centre in central Jakarta, offering high service quality and latency benefits to clients across sectors like banking, telecoms, manufacturing, and state-owned firms.

By Kaleah Salmon • 3 min read • Fri, 8th Mar 2024
IWD 2024: Empowering New Investors with Clear Communication
Deloitte

IWD 2024: Empowering New Investors with Clear Communication

Clear, accessible shareholder communication is vital to empower a growing generation of female investors, in an increasingly complex financial climate.

By Jelena Djukic • 4 min read • Fri, 8th Mar 2024

Stories from Other Regions

Financial institutions stories

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
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
Frollo urges collaboration to improve Australia's Open Banking data quality
Fintech

Frollo urges collaboration to improve Australia's Open Banking data quality

Frollo, Australia's Open Banking service provider, urges a collaborative strategy to enhance the data quality in the nation's Consumer Data Right framework, supporting superior financial outcomes.

By Kaleah Salmon • 3 min read • Wed, 17th Apr 2024
FICO survey reveals identity theft & fraud fears among Indonesians
Fintech

FICO survey reveals identity theft & fraud fears among Indonesians

FICO's study reveals prolonged fears of identity theft among Indonesians, as 36% remain anxious, heightening vulnerabilities to financial loss and credit damage amid growing risks from real-time payments.

By Catherine Knowles • 3 min read • Mon, 1st Apr 2024
IWD 2024: Funding - The key to empowering female entrepreneurs in the UK
Government

IWD 2024: Funding - The key to empowering female entrepreneurs in the UK

As mere 2p in every £1 invested in early-stage UK businesses goes to women, the IWD 2024 focus is on addressing the disparity in funding for female entrepreneurs.

By Ali Skidmore • 5 min read • Fri, 8th Mar 2024