Banking stories - Page 19

RDC.AI won Best AI-Powered Platform - Vendor at the Global AI Innovation Awards 2025 for transforming banking with predictive and explainable AI.

Global scam attempts have surged 65% over the past year, with smishing rising tenfold as banks worldwide battle increasing fraud risks.

The Investing and Saving Alliance supports SMCR reforms designed to ease regulatory burdens and enhance conduct standards in UK financial services.

DBS has been named the World's Best AI Bank, recognised for its innovation and responsible AI use across retail and corporate banking services.

Global banking AI spend is forecast to hit USD $67bn by 2028 as firms focus on responsible adoption to drive strategy, innovation and risk management.

Global financial authorities are likely to miss their 2027 target to improve cross-border payments, with costs and regulatory hurdles still impeding progress.

UK banks have refunded GBP £112m to victims of APP fraud under new rules, yet scam levels continue to rise, prompting calls for stronger prevention measures.

Tata Communications unveils Voice AI platform for real-time, multilingual fintech chats, enhancing speed, security, and seamless automation in financial services.

Kyndryl enhances its Agentic AI Framework to help enterprises securely scale AI projects, focusing on compliance, governance and productivity across industries.

A study reveals 31% of marketers using agentic AI expect quantum computing to impact marketing within two years, signalling rapid tech adoption.

Blackdot Solutions launches Videris Automate, an AI platform to speed up financial crime probes by automating intelligence gathering and risk analysis.

Nearly one-third of marketers using agentic AI expect quantum computing to influence marketing within two years, signalling rapid tech adoption ahead.

Cardiff-based ANNA Money has been named among the UK's top 150 fintech firms in CNBC's inaugural UK Fintech Companies Special Report.

Banks have accelerated the shift from AI research to practical tools, with top institutions rapidly deploying innovations in trading, fraud prevention, and customer service.

UK banks will spend GBP £3.3bn by 2026 maintaining ageing core systems, facing rising costs, outages and regulatory fines amid growing digital demand.

Saudi fintech HALA has raised USD $157 million to expand SME services, launch new lending products, and support Vision 2030's economic goals.

Cloudhouse unveils Alchemy APS, enabling banks to swiftly modernise by packaging applications independently from legacy infrastructure, cutting costs and risks.

Pure Storage has been named a Leader in Gartner's 2025 Magic Quadrant for Enterprise Storage Platforms for the twelfth year running.

Appian has been named a Leader in the IDC MarketScape for business automation, praised for its AI-driven platform which enhances operational efficiency.

A browser flaw risks hijacking passkey authentication, threatening access to banking, shopping and SaaS accounts despite passkeys' security promise.