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Banking stories

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European banks' AI start-up investments soar in 2023
2 days ago
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ai
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investment
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banking
Despite a global downturn in AI start-up investments, banks marked a 45% surge in 2023, with emphasis on bolstering regional AI capabilities.
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Bank of England increases IT spending amid criticism
2 days ago
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it spending
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cyber threats
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employment
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.
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How voice recognition technology can transform customer experience in Australia
3 days ago
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cx
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customer service
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zendesk
Voice recognition technology is predicted to accelerate Australia's customer experience revolution, offering streamlined, secure, and personalised interactions across industries.
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Finkr launches to revolutionise fintech sector with visionary strategies
Last week
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fintech
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asia
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strategy
London's Finkr consultancy launches today, pledging to transform the fintech sector with its forward-thinking strategy and advanced tech solutions.
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NormCyber unveils service to enhance cyber incident readiness
Last week
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security breaches
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cyber threats
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insurance
NormCyber, a Fareham-based risk management firm, rolls out an Incident Response Readiness Assessment service to combat a 64% rise in cyber incidents by simulating attacks and fine-tuning their response.
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Griffin secures $24m funding to launch as full bank in UK
This month
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fintech
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banking
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carbon footprint
UK fintech firm Griffin successfully secures $24m funding and green light from PRA and FCA, becoming a fully operational bank.
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Ripjar unveils Compliance CoPilot for risk monitoring
This month
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ml
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financial crime
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money laundering
London's Ripjar launches Compliance CoPilot, an AI-risk management assistant, aiming to revolutionise threat monitoring.
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Netsafe allies with CYBERA for enhanced scam recovery
This month
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scams
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netsafe
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nz
Netsafe forms a coalition with CYBERA, Dolla, and Akahu to aid New Zealanders in recovering funds lost to scams, targeting banking, crypto, and telecom sectors.
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Bank Muamalat targets digital leadership with Google Cloud partnership
This month
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digital transformation
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digital banking
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software development
Bank Muamalat Malaysia reveals major digital transformation with Google Cloud and Trinitium, adopting a fully cloud-based model to provide personalised, digital Islamic banking services.
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Genetec unveils Security Center SaaS: a leap in physical security tech
This month
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saas
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soc
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cybersecurity
Genetec debuts innovative Security Center SaaS, a cybersecurity-focused unified service that integrates advanced physical security technology.
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DCI Indonesia debuts E1, Tier IV data centre in central Jakarta
This month
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5g
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iot
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ai
DCI Indonesia has launched its E1 Tier IV data centre in central Jakarta, offering high service quality and latency benefits to clients across sectors like banking, telecoms, manufacturing, and state-owned firms.
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Lenovo report explores AI adoption & trends in ANZ
This month
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devops
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cx
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japan
Lenovo's latest report highlights a 46% CAGR in ANZ's AI market, with 83% of CIOs confident about its competitive advantage; however, they note GenAI's significant data reliance and AI skill shortage as challenges.
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'Sendbird launches accessible AI chatbot for small businesses'
This month
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chatbots
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ai
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integration
Sendbird's new AI chatbot provides affordable AI solutions for small and medium businesses, offering seamless integration and obviating the need for technical resources for implementation.
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SAS named leader in Forrester Wave for real-time interaction management
This month
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cx
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customer engagement
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insurance
SAS Customer Intelligence 360 achieves top status in The Forrester Wave: Real-Time Interaction Management, Q1 2024, reinforcing its crucial role in delivering hyper-personalised customer experiences.
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Avenue Bank gets full licence, revolutionising Australia's bank guarantee market
This month
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digital banking
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banking
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australian prudential regulation authority
Australia's newest bank, Avenue Bank, revolutionises the bank guarantee market by digitising traditionally lengthy processes, benefiting landlords and small to medium-sized businesses.
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Genetec announces Security Center SaaS to revolutionise physical security industry
Last month
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edutech
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nac
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cybersecurity
Genetec has unveiled Security Center SaaS, an enterprise-grade solution expected to redefine cloud-based physical security with its comprehensive capabilities and cybersecurity measures.
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Exclusive: How Orbus is creating the path to digital transformation
Last month
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saas
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wfh
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digital transformation
London-based Orbus is redefining the global digital landscape, with CEO Gareth Burton leading the company's mission to help businesses navigate complex digital transformations.
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NextGen's digital services speed up home loan approvals in Australia
Last month
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fintech
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digital banking
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aml
NextGen's digital lending technology, specifically its Verification of Identity service, NextGenID, boosts home loan approval efficiency, reducing approval times by 25% on the ApplyOnline platform.
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EU Parliament advances on groundbreaking AI Act
Last month
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cloud services
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microsoft
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ai
European Parliament's core groups ratified a landmark AI Act, potentially forming the world's first legislation on artificial intelligence technology usage, ahead of April's vote.
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New Notitia branch amid rising demand for tech services
Last month
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bi
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big data
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data analytics
Australian tech firm Notitia is to open a third office in Canberra, driven by rising demand for data and tech consulting.
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Quorum Cyber predicts major cyber threats for 2024
Last month
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edutech
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dark web
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advanced persistent threat protection
Quorum Cyber's 2024 report forecasts AI weaponisation and intensified threats from Russia, China, Iran and North Korea as major cybersecurity concerns.
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Entrust moves towards acquisition of London firm Onfido
Last month
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cloud services
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ml
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ai
Minneapolis-based Entrust is in exclusive talks to acquire London's AI-powered identity verification tech leader, Onfido.
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Trend Micro boosts ANZ team with new Managing Director
Last month
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martech
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cx
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cybersecurity
Trend Micro bolsters ANZ leadership team with appointment of Srujan Talakokkula as Managing Director for Commercial business, as it commits to growing local customer base.
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Banking sector leads in personal data trust, says Thales 2024 report
Last month
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thales
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report
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privacy
Global trust in banks for data collection tops the 2024 Thales Digital Trust Index, as privacy fears prompt 26% of consumers to abandon certain brands over the last year.