Financial institutions stories - Page 3

As the EU's AI Act takes effect in 2026, companies face the challenge of divergent AI regulations across borders, prompting the need for robust compliance guardrails.

Rayls has partnered with LayerZero to enhance cross-chain connectivity for financial institutions, aiming to integrate traditional finance with decentralised finance.

A survey by SAS and KPMG reveals sluggish AI and ML adoption in anti-money laundering, with only 18% of financial institutions fully implementing these technologies.

In an era of increasing connectivity demands, financial institutions are turning to multi-carrier strategies to safeguard against costly network failures.

Backbase has teamed up with MeaWallet to boost digital payment services in Australia and New Zealand, aiming for enhanced security and faster deployment.

Target Group has forged a five-year partnership with FourNet to enhance its contact centre operations using the NICE CXone platform, aiming for greater efficiency.

A record 32.5% of Australians now own cryptocurrency, according to the 2025 IRCI, signalling a significant shift in the nation's digital asset landscape.

Vespia has partnered with Mastercard to enhance merchant onboarding across multiple regions, aiming to streamline processes and cut onboarding times by up to 90%.

Senetas has sold its subsidiary Votiro to Menlo Security for USD $37.5 million, a strategic move expected to enhance its position in the cybersecurity market.

Lendela has appointed Kent Huang as CFO and Steven Wong as CTO, aiming for expansion in the Asia Pacific following strong performance in 2024.

Akamai Technologies has been appointed as a National Ambassador for the National Cyber Resilience Centre Group, aiming to boost cyber resilience among UK SMEs.

In an era where speed and efficiency are paramount, banks must decide between building custom KYC systems or investing in advanced SaaS solutions to enhance client onboarding.

DAS has launched a tool for near real-time bushfire monitoring, helping organisations quickly identify affected customers and properties during disasters.

Moody's highlights a six-year high in romance scams, unveiling 1,193 new entities globally in 2024, with the US leading at 38% of cases.

Puma Growth Partners has led a $4.3 million funding round for Semeris, enhancing its AI tools for financial institutions navigating complex legal documents.

MongoDB and Lombard Odier have teamed up to revolutionise the Swiss bank's core banking systems, leveraging generative AI for faster application migration.

Artius.iD has appointed Jeffrey Keplar to its Board of Strategic Advisors, aiming to bolster cybersecurity for global financial institutions amid rising digital threats.

A recent report reveals that criminals are increasingly employing artificial intelligence to enhance bank scams, making them harder to detect.

Ondo Finance has unveiled tokenised U.S. Treasuries on the XRP Ledger, boosting institutional access to short-term securities via Ripple USD.

As corporate banking undergoes a digital transformation, real-time KYC processes powered by Corporate Digital Identity are set to significantly enhance operational efficiency.