Financial Services stories

Nearly half of financial firms struggle to scale AI fully due to data silos and security concerns, despite widespread adoption and hybrid deployment strategies.

Compare Club is expanding its acquisition of life insurance brokerages as advisers shift focus from legacy policies to financial planning and wealth management.

DBS has launched its AI-powered virtual assistant, DBS Joy, for all corporate clients, enhancing 24/7 support and boosting SME customer satisfaction by 23%.

New Zealand’s GrowPay launches a digital platform offering farmers flexible loans and payments to match seasonal cash flows and ease financial stress.

Hexaware has acquired CyberSolve to enhance cybersecurity with AI-driven identity and access management, boosting global digital security and compliance.

Taiwan’s CloudMile has raised USD $20 million to boost AI growth and expand industry solutions across Southeast Asia’s key markets.

Portal26 has raised USD $9 million to expand its AI platform, supporting enterprises in managing generative AI adoption with enhanced governance and security.

Former Metro Bank CIO Louise Leavey urges banks to view technology as a continuous evolution, embracing AI and automation to enhance finance services and resilience.

Financial education will become compulsory for primary pupils in England, aiming to boost early money skills and tackle financial exclusion.

Global research finds IT and tech staff among the least motivated workers, scoring 70.8%, with finance sectors trailing lower; management consulting leads at 76.2%.

SunTec launches AI-driven account analysis tool to help US banks enhance pricing strategies, boost efficiency, and ensure transparent, compliant deal-making.

By 2026, AI will revolutionise banking and insurance, with over half of younger adults using generative AI for financial advice, says Forrester report.

Australian businesses list cyber attacks, regulatory changes and talent shortages as top risks for 2025, per Aon’s global risk survey highlighting local challenges.

A survey finds only 1.6% of UK firms fully ready for the Data Use and Access Act, with staff training the top concern amid fears of human error causing data breaches.

Canada's federal budget backs AI infrastructure, data sovereignty, and consumer-driven banking, aiming to boost small businesses and drive economic growth.

Canadian tech and finance leaders call for open banking reforms and streamlined regulations to boost innovation ahead of the federal budget announcement.

UK payment industry urges careful regulation review to avoid oversimplifying FCA and PSR roles, ensuring consumer protection and innovation thrive.

Backbase wins the 2025 Datos Impact Award for its AI-driven platform revolutionising wealth management with faster onboarding and personalised digital advice.

Interactive and Microsoft’s enduring partnership drives real digital transformation, helping businesses innovate and modernise with trusted, collaborative solutions.

Microsoft Azure's outage exposed security risks, disrupting key services used by UK organisations and sparking calls for a diversified, sovereign cloud strategy.