Banking stories - Page 3

New Accenture research suggests responsible AI adoption could boost APAC's economy by $4.5 trillion in 15 years, elevating GDP growth by 0.7 percentage points annually.

New research by Accenture shows generative AI could boost Australia's economy by USD $269 billion by 2038, adding 0.75% to annual GDP growth.

Australia’s AI innovation surpasses Asia Pacific, buoyed by strong tech infrastructure and initiatives like the brain-scale supercomputer DeepSouth.

New research reveals the global unified communications market will soar from USD $48.1B in 2021 to USD $187.6B by 2031, driven by digital transformation and remote work trends.

NormCyber earns prestigious Microsoft Threat Protection specialisation, demonstrating its expertise in deploying advanced cyber security solutions and solidifying its status as a top-tier Microsoft Security Solutions Partner.

AI-driven roles in US and European banks show robust growth, doubling overall headcount growth despite job cuts, according to Evident report.

AI talent has grown by 9% in the world's biggest banks over the last six months, led by a recruitment drive towards AI implementation.

Despite a surge in digital banking, 58% of Australians remain uncertain about AI-enhanced services due to job loss fears, data security concerns, and a preference for human interaction, says a Publicis Sapient study.

Innovative analytics and AI company, SAS, led by Chris Schaub, is revolutionising risk management and compliance practices in Australia and New Zealand.

Chatbot market set to surge, projecting USD $4.9 billion growth by 2033, fuelled by customer engagement focus and widespread industrial adoption.

Vertiv revolutionises micro modular data centre design with the introduction of the AI-infused SmartAisle 3, enhancing operational efficiency and offering energy savings of up to 20%.

FPT Corporation lays out a new strategy targeting AI, Automotive, Semiconductors, Digital and Green Transformation, positioning Vietnam as a leading global hub for business and innovation.

Rapid rise in cybercrimes forces urgent global reappraisal of security strategies in government, defence, and IT sectors amid projections of cybersecurity services market growing to $445.3bn by 2032.

Emerge, a disruptive platform aimed at revolutionising New Zealand's business banking landscape, has launched.

Pioneering fertility treatment provider Genea Fertility partners with payment company GoCardless to offer flexible payment options, making IVF and egg freezing more accessible to Australians.

Autonom8 unveils a GenAI-backed vKYC platform for India's telecommunications and banking sectors, promising advanced customer compliance onboarding with robust fraud detection.

Embedded finance provider, Paynetics, acquires UK's leading impact neobank, Novus, to strengthen environmental, social, and governance objectives.

BioCatch warns of increasing trend of fraudsters using AI to personalise scams across Europe, with digital fraud and financial crime escalating. Meanwhile, the UK sees notable drop in voice scams.

Despite a global downturn in AI start-up investments, banks marked a 45% surge in 2023, with emphasis on bolstering regional AI capabilities.

The Bank of England's IT spending has surged by 12% to £98.8m, eliciting criticism amid rising expenses on tech salaries and bonus payouts.