Financial institutions stories - Page 11
Survey reveals slow adoption of AI in anti-money laundering
Wed, 26th Feb 2025
#
risk & compliance
#
genai
#
ai
A survey by SAS and KPMG reveals sluggish AI and ML adoption in anti-money laundering, with only 18% of financial institutions fully implementing these technologies.
Target Group & FourNet partner to enhance NICE CXone use
Mon, 24th Feb 2025
#
uc
#
digital transformation
#
cx
Target Group has forged a five-year partnership with FourNet to enhance its contact centre operations using the NICE CXone platform, aiming for greater efficiency.
Vespia partners with Mastercard to streamline onboarding
Thu, 20th Feb 2025
#
payment technologies
#
mastercard
#
financial institutions
Vespia has partnered with Mastercard to enhance merchant onboarding across multiple regions, aiming to streamline processes and cut onboarding times by up to 90%.
Senetas sells Votiro to Menlo Security for USD $37.5m
Thu, 20th Feb 2025
#
data protection
#
advanced persistent threat protection
#
cybersecurity
Senetas has sold its subsidiary Votiro to Menlo Security for USD $37.5 million, a strategic move expected to enhance its position in the cybersecurity market.
Akamai named national ambassador to boost UK SME security
Wed, 19th Feb 2025
#
advanced persistent threat protection
#
cybersecurity
#
public sector
Akamai Technologies has been appointed as a National Ambassador for the National Cyber Resilience Centre Group, aiming to boost cyber resilience among UK SMEs.
To build or to buy? Tackling KYC complexities in client onboarding
Wed, 19th Feb 2025
#
digital transformation
#
risk & compliance
#
ai
In an era where speed and efficiency are paramount, banks must decide between building custom KYC systems or investing in advanced SaaS solutions to enhance client onboarding.
Romance scams reach six-year high, Moody's reports
Thu, 13th Feb 2025
#
social media
#
online fraud
#
money laundering
Moody's highlights a six-year high in romance scams, unveiling 1,193 new entities globally in 2024, with the US leading at 38% of cases.
Puma leads $4.3m funding for legal AI firm Semeris
Thu, 6th Feb 2025
#
fintech
#
genai
#
ai
Puma Growth Partners has led a $4.3 million funding round for Semeris, enhancing its AI tools for financial institutions navigating complex legal documents.
Lombard Odier partners with MongoDB for AI tech upgrade
Thu, 6th Feb 2025
#
cx
#
martech
#
genai
MongoDB and Lombard Odier have teamed up to revolutionise the Swiss bank's core banking systems, leveraging generative AI for faster application migration.
artius.iD welcomes Jeffrey Keplar to advisory board
Thu, 6th Feb 2025
#
physical security
#
ai
#
cybersecurity
Artius.iD has appointed Jeffrey Keplar to its Board of Strategic Advisors, aiming to bolster cybersecurity for global financial institutions amid rising digital threats.
AI-fuelled bank scams rise, impersonating officials with ease
Fri, 31st Jan 2025
#
physical security
#
ai
#
identity theft
A recent report reveals that criminals are increasingly employing artificial intelligence to enhance bank scams, making them harder to detect.
Real-time KYC: Tipping the balance in corporate banking's digital revolution
Tue, 28th Jan 2025
#
data analytics
#
digital transformation
#
fintech
As corporate banking undergoes a digital transformation, real-time KYC processes powered by Corporate Digital Identity are set to significantly enhance operational efficiency.
AI revolutionising financial crime detection by 2025
Mon, 27th Jan 2025
#
quantum computing
#
risk & compliance
#
ai
The future of financial crime prevention is being reshaped by AI and quantum computing, presenting both opportunities and risks, says Efficient Frontiers International.
Azul ensures Java solutions comply with DORA EU standards
Wed, 22nd Jan 2025
#
risk & compliance
#
cybersecurity
#
software development
Azul has confirmed that its Java solutions now meet the European Union's Digital Operational Resilience Act (DORA) requirements, aiding financial institutions in compliance.
DORA compliance deadline impacts EU financial sector
Sat, 18th Jan 2025
#
data protection
#
advanced persistent threat protection
#
supply chain
The deadline for the EU's Digital Operational Resilience Act has arrived, pushing financial institutions to enhance their cybersecurity and compliance practices.
Citi & Barclays invest in Validis for banking innovation
Fri, 17th Jan 2025
#
risk & compliance
#
financial institutions
#
modernisation
Citi and Barclays have invested in Validis to boost banking innovation, focusing on automated data standardisation for improved lending processes.
Azul's OpenJDK solutions comply with EU's DORA standards
Fri, 17th Jan 2025
#
advanced persistent threat protection
#
risk & compliance
#
software development
Azul has secured compliance for its OpenJDK solutions with the EU's DORA standards, bolstering digital resilience for financial institutions ahead of the 2025 deadline.
Backbase highlights banking trends shaping the industry in 2025
Tue, 14th Jan 2025
#
data analytics
#
fintech
#
cx
Backbase forecasts a USD $1 trillion transformation in banking by 2025, urging traditional banks to innovate or face a 30% market share loss to digital rivals.
Digital resilience rules for ICT providers from 2025
Thu, 26th Dec 2024
#
cybersecurity
#
software updates
#
insurance
The Digital Operational Resilience Act will come into force on 17 January 2025, impacting ICT providers linked to the financial services sector.
Morgan Stanley partners with Wise to boost FX settlements
Thu, 26th Dec 2024
#
financial institutions
#
forex
#
wise
Morgan Stanley has partnered with Wise to enhance its foreign exchange settlement capabilities, marking a first for an investment bank in this area.