Banking stories - Page 1

A survey by OutSystems and KPMG reveals that AI adoption has cut development time by up to 50% for 75% of software executives, reshaping their roles.

AI is reshaping software development, with 75% of firms reporting up to 50% faster project completion. OutSystems and KPMG reveal ongoing challenges but foresee a bright future.

Indosat Ooredoo Hutchison hosts Indonesia's inaugural Banking AI Day in Jakarta, spotlighting AI's role in revolutionising the nation's financial sector.

Visa partners with Banked to unveil Visa A2A, a revolutionary system set to transform account-to-account payments and enhance security for UK consumers. Launching in 2025.

Nearly one-third of the world’s largest banks now disclose AI use cases and ROI, with UK banks like Barclays and NatWest tripling AI references over the past year.

Genetec and STid unveil a new I/O module for high-assurance access control, available in Q4 2024, targeting stringent European cybersecurity regulations.

FinTech Australia announces Intersekt 2024, featuring RBA's digital currency research and fintech innovations from Bendigo Bank, AMP Bank, and NAB in Melbourne.

Jeremy Soo appointed as Chairman of NETS from 1 September 2024, succeeding Susan Hwee. Soo brings over 30 years of consumer banking expertise to the role.

Tenable's new research unveils over 26,500 vulnerable internet-facing assets within Southeast Asia's BFSI sector, highlighting critical cybersecurity gaps.

Australia's Senate has passed the Action Initiation Bill, empowering consumers to share data and initiate service actions through accredited providers, boosting competition.

HSBC and Singlife lead in customer experience in banking, investments, and insurance, says Forrester's 2024 Singapore CX Index.

GTreasury partners with Necto to expand API connectivity in APAC, enhancing its ClearConnect Gateway with seamless data integration from additional regional banks.

Syfe secures USD $27 million in latest funding round, bringing total to USD $79 million, despite Asia's lowest investment levels since 2015.

Fintech lender Plenti integrates NAB's Pay by Bank solution to offer PayTo transactions, enhancing loan repayment options with real-time, secure payments.

Alcatel-Lucent Enterprise partners with PT. Nusatrindo Sejati to deliver on-premises Unified Communications solutions in Indonesia, enhancing services in sectors like hospitality, healthcare, and banking.

Celonis launches its Platform Apps Program, introducing domain-specific applications developed with partners to enhance banking, manufacturing, and more.

Australia ranks fourth globally in GenAI adoption, trailing only China, the UK, and the US, with 63% of local organisations embracing the technology.

A survey reveals a third of Brits faced tech glitches in banking last year, with 30% eyeing bank switches. Roq's Paul Darby stresses tech reliability.

A global IT outage triggered by Crowdstrike's software has disrupted sectors like aviation, banking, and retail, prompting experts to call for enhanced disaster recovery plans and heightened cybersecurity measures.

The Microsoft Azure outage, triggered by a faulty CrowdStrike update, disrupted banking, aviation, and healthcare globally, highlighting cybersecurity flaws.