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Financial institutions Stories - Page 18

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Financial institutions stories

Backbase names Adrian McPhee CTO to lead global AI banking push
Data Analytics

Backbase names Adrian McPhee CTO to lead global AI banking push

Backbase appoints Adrian McPhee as CTO to spearhead its AI-powered banking platform, accelerating global digital transformation in the financial sector.

By Melvin Hipolito • 3 min read • Fri, 27th Jun 2025
Xero acquires Melio for USD $2.5 billion to boost US growth
Fintech

Xero acquires Melio for USD $2.5 billion to boost US growth

Xero is set to acquire US payments platform Melio for USD $2.5 billion, boosting its North American growth and integrating payments with accounting solutions.

By Kaleah Salmon • 5 min read • Fri, 27th Jun 2025
FourTwoThree unveils global SME climate data platform with bank support
Hyperscale

FourTwoThree unveils global SME climate data platform with bank support

FourTwoThree launches a global SME climate data platform supported by NatWest, NAB and SC Ventures to aid net zero transitions across supply chains.

By Catherine Knowles • 4 min read • Thu, 26th Jun 2025
Sumsub & Data Zoo partner to boost global fraud prevention
Fintech

Sumsub & Data Zoo partner to boost global fraud prevention

Sumsub and Data Zoo have partnered to deliver enhanced global fraud prevention and compliance solutions for financial institutions across 170+ jurisdictions.

By Catherine Knowles • 4 min read • Thu, 26th Jun 2025
AI deepfakes drive surge in cyberattacks, threatening trust online
Malware

AI deepfakes drive surge in cyberattacks, threatening trust online

AI-driven deepfakes fuel a rise in cyberattacks, tricking users with fake ads and video calls, risking billions in financial losses worldwide.

By Shannon Williams • 4 min read • Thu, 19th Jun 2025
Thai organisations face surge in cyberattacks after border clash
Distributed Denial of Service

Thai organisations face surge in cyberattacks after border clash

Cyberattacks on Thai organisations have surged following a deadly border clash with Cambodia, with hacktivist group AnonSecKh claiming dozens of attacks since March 2025.

By Melvin Hipolito • 3 min read • Wed, 18th Jun 2025
KX & NVIDIA launch AI Banker Agent to boost global trading
Data Analytics

KX & NVIDIA launch AI Banker Agent to boost global trading

KX and NVIDIA have launched the AI Banker Agent, an AI system designed to enhance real-time decision-making and client service in global trading markets.

By Catherine Knowles • 4 min read • Thu, 12th Jun 2025
Denodo earns Snowflake financial services competency
Digital Transformation

Denodo earns Snowflake financial services competency

Denodo has earned the Snowflake Financial Services Competency, recognising its expertise in secure data management for banking, capital markets, and insurance.

By Jed Nykolle Harme • 3 min read • Thu, 12th Jun 2025
APAC financial sector faces 245% surge in DDoS attacks, report finds
Firewalls

APAC financial sector faces 245% surge in DDoS attacks, report finds

Financial institutions in APAC faced a 245% surge in DDoS attacks last year, accounting for 38% of global incidents amid rising digital vulnerabilities.

By Melvin Hipolito • 4 min read • Wed, 11th Jun 2025
Snowflake to acquire Crunchy Data to enhance Postgres for AI
Software-as-a-Service

Snowflake to acquire Crunchy Data to enhance Postgres for AI

Snowflake announces plans to buy Crunchy Data, aiming to enhance its AI Data Cloud with an enterprise-ready PostgreSQL platform for AI applications.

By Jed Nykolle Harme • 3 min read • Wed, 4th Jun 2025

Stories from Other Regions

Financial institutions stories

Moneythor launches AI suite to boost bank personalisation
Data Analytics

Moneythor launches AI suite to boost bank personalisation

Singapore's Moneythor launches AI Suite to help banks deliver personalised, proactive banking experiences and boost customer engagement globally.

By Catherine Knowles • 4 min read • Thu, 3rd Jul 2025
Visa launches Security Roadmap to combat AI-driven payment fraud
Ransomware

Visa launches Security Roadmap to combat AI-driven payment fraud

Visa launches a Security Roadmap in New Zealand to tackle rising AI-driven payment fraud, offering new tools and support for small businesses amid NZD $194m losses.

By Catherine Knowles • 4 min read • Thu, 3rd Jul 2025
Quinn raises $11 million to boost AI-powered wealth advice
Platform-as-a-Service

Quinn raises $11 million to boost AI-powered wealth advice

Quinn, a New York fintech, secured $11m to launch AI-driven platform offering personalised wealth advice for financial institutions at scale.

By Catherine Knowles • 3 min read • Thu, 26th Jun 2025
Canadians lose trust after data breaches, with AI seen as risky
Digital Transformation

Canadians lose trust after data breaches, with AI seen as risky

Nearly 8 in 10 Canadians would stop using a company after a data breach, with many seeing AI as a risk to their personal data and trust.

By Shannon Williams • 4 min read • Thu, 26th Jun 2025
Digital transformation: How to go faster-without losing control
Digital Transformation

Digital transformation: How to go faster-without losing control

Digital transformation is vital for survival, but businesses must balance rapid innovation with strong governance to avoid costly risks and stay competitive.

By Nick Reed • 3 min read • Thu, 26th Jun 2025
UK banks face rising fraud losses as organised crime outpaces them
Risk & Compliance

UK banks face rising fraud losses as organised crime outpaces them

UK banks face rising fraud losses up to GBP £40 million as criminals outpace detection despite growing use of behaviour-based analytics and increased tech spending.

By Shannon Williams • 4 min read • Thu, 19th Jun 2025
CloudTech raises AUD $14 million to launch digital asset custody
Encryption

CloudTech raises AUD $14 million to launch digital asset custody

CloudTech Group raises AUD $14 million, largely in Bitcoin and USDT, to launch institutional digital asset custody and expand its blockchain platform.

By Shannon Williams • 3 min read • Thu, 12th Jun 2025
Third-party cyber breaches surge 25% in Europe's top banks
Malware

Third-party cyber breaches surge 25% in Europe's top banks

Third-party cyber breaches at Europe's top 100 banks surged 25% last year, exposing systemic weaknesses in their digital supply chains under rising regulation.

By Sean Mitchell • 4 min read • Tue, 10th Jun 2025