Financial institutions stories
Card fraud losses in Europe rose to EUR €1,578 million in 2024, with the UK leading both total and Card Not Present fraud losses amid evolving crime tactics.
Smart has secured a GBP £60 million credit facility to expand its UK retirement savings platform amid rapid market consolidation.
Financial leaders prioritise responsible AI standards over generative AI, seeing accountability as key to boosting ROI amid growing implementation challenges.
FICO has been named a category leader by Chartis Research for the fifth consecutive time in enterprise, payment fraud solutions and fraud platforms in 2025.
SAS has been named Market Leader in AI-driven fraud and AML case management, praised for its stable platform and advanced cloud-native AI features.
Atlas Consolidated raised USD $18.1 million to boost growth of HugoHub, its fintech platform cutting banking tech costs by up to 90% for global banks.
Finastra and NTT DATA have expanded their partnership to enhance cloud-based lending services for banks in MAAP and LATAM, improving speed and operational efficiency.
QuSecure appoints Jennifer Leggio as SVP of Marketing amid surging demand for its quantum-safe cybersecurity solutions globally.
Nutanix has been named a Challenger in the 2025 Gartner Magic Quadrant for Container Management after launching its Nutanix Kubernetes Platform last year.
Ripple is set to acquire stablecoin payment platform Rail for USD $200M, boosting its digital asset network and simplifying cross-border payments for firms.
US enterprises reap benefits from multi-rail instant payments, using both RTP and FedNow networks for speed, reach and smarter cash flow control.
Maisa secures $25m seed funding to launch Studio, an AI automation platform enabling non-tech users to deploy digital workers in regulated industries.
Australian banks invest heavily in AI but struggle to realise value amid complex compliance, fragmented data, and rising customer trust concerns, experts say.
Australian businesses have lost AUD $2.03 billion to increasingly sophisticated AI-driven scams in 2024, signalling a growing threat to the economy.
Finclusiv Edge, a new non-profit in Halifax, draws on the city's legacy as the birthplace of major banks to foster inclusive fintech conversations and collaboration.
8x8 and MNET partner to enhance secure, real-time banking customer service by integrating CoreAccess+ with 8x8's CX platform for faster, safer authentication.
PEXA completes its Australia-wide digital property settlement rollout with Northern Territory launch, exceeding AUD $1 trillion in annual transactions.
Widespread outages have cost Australians AUD $5.3 billion yearly, with 68% losing trust in telecommunications amid rising service disruptions.
Interac appoints Anuj Dhall as Group Head, Technology & Operations to lead tech modernisation and enhance secure digital payments in Canada.
Alpha Ladder Finance patents NFDT tokenisation tech in Singapore, enhancing real-world asset digital twins with compliance and real-time data features.