Financial institutions stories - Page 4

Mphasis appoints tech and banking veteran Punit Sood as independent director to bolster its AI-led push into global finance clients.

Hapax unveils a free AI certification for bankers as lenders ramp up AI spending and face tougher scrutiny from regulators and boards.

CybExer warns 2026 will bring “AI wars”, quantum-era encryption risks and stricter cyber insurance demands on organisational readiness.

Aventur lands Dutch family office funding for its AI-led money platform, eyeing a 2026 UK launch to narrow the financial advice gap.

Agentic AI tools from Targa Telematics cut UK fleet vehicle thefts by 12% in 2025, saving operators up to EUR €2 million a year.

Ripple-owned GTreasury buys Australian fintech Solvexia to fuse treasury, reconciliation and compliance in one automated finance platform.

Eastnets deepens its LSEG partnership, plugging real-time World-Check risk data into Safewatch Screening to sharpen financial crime checks.

Craigslist founder Craig Newmark is funding Global Signal Exchange to expand its shared threat data network against rising online fraud.

EU banks face a 2026 crunch as new AML rules spark a shake-up in KYC vendors, testing compliance strategies amid rising fraud risks.

TCS launches BaNCS AI Compass, adding explainable AI agents to help global banks automate operations while tightening governance controls.

Aviva extends its tech pact with TCS, shifting another 1.1m UK life policies onto the BaNCS platform to streamline service and costs.

Finance leaders hail AI as core to strategy, yet fewer than half have scaled it beyond pilots amid legacy, skills and leadership hurdles.

Thirdfort adopts iProov biometrics to streamline UK property ID checks and combat AI-driven fraud in deals worth billions of GBP £1.6bn+.

AI-fuelled synthetic ID fraud is surging, set to cost firms USD $23 billion by 2025 and USD $58.3 billion by 2030 without stronger checks.

AI has gone mainstream in wealth management, with most firms reporting positive returns and faster payoffs from early adoption, FNZ study shows.

eflow Global launches AI-powered eComms modules with transparent fees from USD $0.20 per GB, cutting compliance costs for financial firms handling digital records.

Group-IB has launched a Cyber Fraud Intelligence Platform to help UK banks tackle GBP £600m fraud by securely sharing real-time risk signals while ensuring data privacy.

UK banks face rising AI-driven fraud in 2026 as criminals exploit gaps in regulation, prompting calls for urgent cross-sector action to protect consumers.

Europe's new anti-money laundering rules mandate AI integration, as legacy systems fail to meet rising financial crime challenges and regulatory standards.

Camunda appoints Ryan Shopp as Chief Marketing Officer to boost growth and enhance engagement with global enterprise clients amid rising agentic automation demand.