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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
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
Taurus & Parfin join forces to boost digital assets in Europe
Fintech

Taurus & Parfin join forces to boost digital assets in Europe

Taurus partners with Parfin to enhance digital asset custody and trading infrastructure, aiming to boost institutional adoption across Europe and Latin America.

By Kaleah Salmon • 3 min read • Fri, 30th May 2025
BioCatch appoints Andreas Dombret to aid global expansion
Hyperscale

BioCatch appoints Andreas Dombret to aid global expansion

BioCatch appoints Andreas Dombret as senior advisor to boost global growth and fight financial crime with innovative technology.

By Jed Nykolle Harme • 3 min read • Thu, 15th May 2025

Global Stories

Financial institutions stories

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
FICO & AWS expand AI decision platform via marketplace
Data Analytics

FICO & AWS expand AI decision platform via marketplace

FICO and AWS have teamed up to expand global access to AI-driven decision workflows, now available via AWS Marketplace Private Offers.

By Sean Mitchell • 3 min read • Tue, 27th May 2025
Salesforce launches Agentforce AI agents for financial services
Digital Transformation

Salesforce launches Agentforce AI agents for financial services

Salesforce launches Agentforce for Financial Services, offering AI agents to automate tasks and boost personalised client engagement in banks and insurers.

By Shannon Williams • 5 min read • Thu, 22nd May 2025
BioCatch & The Knoble launch toolkit to bolster scam defences
Risk & Compliance

BioCatch & The Knoble launch toolkit to bolster scam defences

BioCatch and The Knoble have launched a toolkit to help banks quantify losses and build a business case for stronger authorised push payment scam prevention.

By Shannon Williams • 3 min read • Fri, 16th May 2025
First-party fraud now top global threat, outpacing scams
Phishing

First-party fraud now top global threat, outpacing scams

First-party fraud now tops global cyberattacks, rising to 36% of cases in 2024, according to LexisNexis Risk Solutions' Cybercrime Report.

By Shannon Williams • 4 min read • Thu, 15th May 2025

Stories from Other Regions

Financial institutions stories

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
Lextech strengthens leadership to manage AUD $6 billion growth
Fintech

Lextech strengthens leadership to manage AUD $6 billion growth

Lextech appoints David Hobley CTO and Theo Tragoudistakis CFO to support AUD $6 billion growth in mortgage processing and legal services in Australia.

By Melvin Hipolito • 4 min read • Mon, 2nd Jun 2025
NextWave & Diffblue join forces to transform testing in finance
Unified Communications

NextWave & Diffblue join forces to transform testing in finance

NextWave Consulting and Diffblue team up to revolutionise software testing for financial firms, tackling delays and boosting test coverage with AI technology.

By Catherine Knowles • 3 min read • Fri, 16th May 2025