Financial Services stories - Page 47

Natalie Garfield joins The CFO Centre as CFO to drive growth and support South Wales businesses with over 20 years of financial leadership experience.

UK banks face slow AI adoption due to outdated IT, data challenges, and regulatory uncertainty despite optimism about AI's future impact on finance.

Tenable has been named a Leader in Gartner's first 2025 Magic Quadrant for Exposure Assessment Platforms, rated highest for execution and vision.

Supervity launches its AP AI Command Centre to automate invoice-to-pay finance tasks, cutting processing times by 90% and boosting payment accuracy for firms.

Mastercard partners with Thunes to enable near-instant payouts to stablecoin wallets via Mastercard Move, enhancing global digital payment options.

BDO welcomes Ben Coggin as Transaction Services Partner to drive growth in Yorkshire and North East, strengthening support for mid-market businesses' strategic deals.

Nearly half of financial firms struggle to scale AI fully due to data silos and security concerns, despite widespread adoption and hybrid deployment strategies.

Hexaware has acquired CyberSolve to enhance cybersecurity with AI-driven identity and access management, boosting global digital security and compliance.

Financial education will become compulsory for primary pupils in England, aiming to boost early money skills and tackle financial exclusion.

Global research finds IT and tech staff among the least motivated workers, scoring 70.8%, with finance sectors trailing lower; management consulting leads at 76.2%.

By 2026, AI will revolutionise banking and insurance, with over half of younger adults using generative AI for financial advice, says Forrester report.

A survey finds only 1.6% of UK firms fully ready for the Data Use and Access Act, with staff training the top concern amid fears of human error causing data breaches.

UK payment industry urges careful regulation review to avoid oversimplifying FCA and PSR roles, ensuring consumer protection and innovation thrive.

Backbase wins the 2025 Datos Impact Award for its AI-driven platform revolutionising wealth management with faster onboarding and personalised digital advice.

Microsoft Azure's outage exposed security risks, disrupting key services used by UK organisations and sparking calls for a diversified, sovereign cloud strategy.

Equinix will invest GBP £3.9 billion in a new data centre campus in Hertfordshire, boosting the UK's AI capacity and creating thousands of jobs.

Reflectiz has raised $22 million in Series B funding to expand its AI-driven web risk platform and establish a global HQ in Boston.

Banks are doubling AI budgets to 17% of IT spend by 2028, but only 20% have robust real-time data governance, reveals Tech Mahindra's global survey.

Confluent's Tableflow now integrates with Delta Lake and Databricks Unity Catalog, enabling real-time analytics and AI with governed data across multicloud environments.

Confluent has launched Private Cloud, enabling organisations to securely deploy and manage real-time data streaming on private infrastructure with cloud-like agility.