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Financial institutions Stories - Page 23

UK Stories

Financial institutions stories

Alveo & Gresham merge to form data automation powerhouse
Data management

Alveo & Gresham merge to form data automation powerhouse

Alveo merges with Gresham Technologies to form a data automation titan, aimed at revolutionising data management and efficiency for global financial markets.

By Kaleah Salmon • 3 min read • Tue, 23rd Jul 2024
Endor Labs secures strategic investment from Citi Ventures
Virtualisation

Endor Labs secures strategic investment from Citi Ventures

Endor Labs secures strategic investment from Citi Ventures, boosting its mission to protect software supply chains for major financial institutions.

By Catherine Knowles • 3 min read • Thu, 18th Jul 2024
UK businesses hit hard by AI-driven cyber threats, says report
AI Security

UK businesses hit hard by AI-driven cyber threats, says report

A Darktrace report reveals that 71% of UK businesses have faced AI-powered cyber threats, with 95% feeling unprepared. Firms like Barclays and HSBC are at risk.

By Shannon Williams • 3 min read • Tue, 16th Jul 2024
eflow Global upgrades TZEC to combat market abuse with AI
Unified Communications

eflow Global upgrades TZEC to combat market abuse with AI

eflow Global's TZEC upgrade leverages AI to enhance eComms surveillance, aiming to curb market abuse and meet strict regulatory demands amid rising fines.

By Catherine Knowles • 3 min read • Tue, 16th Jul 2024
REGnosys donates Rune code to FINOS to streamline compliance
Risk & Compliance

REGnosys donates Rune code to FINOS to streamline compliance

REGnosys has open-sourced its regulatory language Rune to FINOS, aiming to streamline compliance and reduce UK banks' annual reporting costs of up to GBP £4.5 billion.

By Kaleah Salmon • 4 min read • Tue, 2nd Jul 2024

Global Stories

Financial institutions stories

QuantHouse & Quod Financial to enhance AI-driven trading
Unified Communications

QuantHouse & Quod Financial to enhance AI-driven trading

QuantHouse partners with Quod Financial to supply low-latency data, enhancing AI-driven trading algorithms and real-time transaction cost analysis.

By Kaleah Salmon • 3 min read • Mon, 5th Aug 2024
Transmit Security report reveals rise in AI-driven fraud scams
Unified Communications

Transmit Security report reveals rise in AI-driven fraud scams

Transmit Security's latest report reveals a surge in AI-driven fraud scams, highlighting dark web marketplaces and tools like FraudGPT that empower even novice fraudsters.

By Shannon Williams • 3 min read • Wed, 31st Jul 2024
Data recovery gaps found in financial systems & business tools
Data Protection

Data recovery gaps found in financial systems & business tools

New research by Foundry and Keepit reveals that 30% of firms lack data recovery plans for financial systems, exposing critical vulnerabilities in enterprise IT.

By Shannon Williams • 4 min read • Mon, 29th Jul 2024
Siemon appoints Trey Somers as new VP of product management
Financial institutions

Siemon appoints Trey Somers as new VP of product management

Siemon appoints Trey Somers as VP of Product Management to lead global product team, aiming to innovate and adapt to market needs. Somers brings 20+ years' expertise.

By Imee Dequito • 2 min read • Fri, 26th Jul 2024
Exclusive: Rimini Street's approach to financial support, services
Digital Transformation

Exclusive: Rimini Street's approach to financial support, services

Rimini Street is set to revolutionise tech support in the financial sector, offering robust and cost-effective solutions for digital transformation.

By Melania Watson • 5 min read • Wed, 24th Jul 2024
Cyber Security experts respond to global IT outage
Supply Chain

Cyber Security experts respond to global IT outage

It comes after a major IT outage linked to a Windows security update stopped essential services around the world, causing significant disruption.

By Melania Watson • 3 min read • Mon, 22nd Jul 2024
CloudSEK report uncovers rise in investment scams on social media
Social Media

CloudSEK report uncovers rise in investment scams on social media

CloudSEK reveals a surge in investment scams through WhatsApp and Telegram, with 29,000 fraudulent ads on Facebook and over 81,000 fake Twitter accounts.

By Shannon Williams • 4 min read • Fri, 5th Jul 2024
Azul sees rapid growth in APAC driven by Oracle's price hikes
Oracle

Azul sees rapid growth in APAC driven by Oracle's price hikes

Azul sees a surge in Asia Pacific, driven by Oracle's Java SE pricing changes and rising cloud costs. New bookings jumped 37% in FY24, with a 437% rise in Q1 FY25.

By Imee Dequito • 3 min read • Thu, 27th Jun 2024
BioCatch report underscores evolving fraud landscape in APAC
Endpoint Protection

BioCatch report underscores evolving fraud landscape in APAC

BioCatch's latest report reveals a dramatic shift in the APAC fraud landscape, with 70% of scams now stemming from mobile apps, highlighting new vulnerabilities.

By Catherine Knowles • 3 min read • Wed, 26th Jun 2024
Global banking fraud to hit USD $48bn by 2029, says study
Fintech

Global banking fraud to hit USD $48bn by 2029, says study

Bank fraud is projected to reach USD $48 billion globally by 2029, a 153% surge, driven by evolving AI tactics, says Juniper Research.

By Sean Mitchell • 3 min read • Mon, 17th Jun 2024

Stories from Other Regions

Financial institutions stories

OMS Group secures USD $292.5 million syndicate deal for expansion
HSBC

OMS Group secures USD $292.5 million syndicate deal for expansion

OMS Group has secured USD $292.5 million for global expansion in subsea telecommunications from a consortium including HSBC and KKR Capital Markets.

By Kaleah Salmon • 3 min read • Tue, 25th Jun 2024
Bendigo & Adelaide Bank embraces AI for tech modernisation
Generative AI

Bendigo & Adelaide Bank embraces AI for tech modernisation

Bendigo and Adelaide Bank pairs with MongoDB to modernise its core banking tech using MongoDB Atlas and generative AI, aiming to slash costs and boost innovation.

By Catherine Knowles • 3 min read • Mon, 17th Jun 2024