Banking stories - Page 2

Digimune and MY CYBER GUARD have teamed up to launch an Australian identity protection service for households and small businesses.

Group-IB has launched a Cyber Fraud Intelligence Platform to help UK banks tackle GBP £600m fraud by securely sharing real-time risk signals while ensuring data privacy.

US retailers face rising friendly fraud during Cyber Week as 77% of shoppers dispute charges via banks, threatening profits amid USD $43.7bn online spend.

UK banks face rising AI-driven fraud in 2026 as criminals exploit gaps in regulation, prompting calls for urgent cross-sector action to protect consumers.

Australian legacy firms in banking, insurance and accounting are turning vast data troves into a new competitive edge through modern digital systems.

SIOS Technology earned the AWS Resilience Software Competency, recognising its expertise in ensuring high availability and disaster recovery for cloud workloads.

PagerDuty has earned the AWS Resilience Services Competency, proving its software aids firms in keeping critical systems operational and recovering fast from failures.

Nutanix reports rapid hybrid cloud and AI adoption in APJ, with firms embracing containers to simplify infrastructure and enhance resilience amid regulatory demands.

TerraPay launches Xend, a global payments network linking wallets, banks and cards for seamless cross-border transactions with Swift integration.

Techcombank funds Vietnam's National A.I. Challenge with $1 million scholarships to boost local AI talent and digital innovation nationwide.

Revolut’s employee share sale values the fintech at $75 billion, with revenue up 72% to $4 billion and expansion into Mexico, Colombia, and India.

The future of finance hinges on interoperable payment systems that offer consumers seamless choice and reflect their everyday digital lives.

AI-led cloud migration cuts banking downtime by 45%, boosts transaction reliability and halves migration timelines, easing regulatory concerns.

Despite billions invested in AI, financial firms see slow adoption as solutions must prioritise trust, transparency, and augment human judgement over automation.

Australian financial firms must strengthen Salesforce backup and restore practices to meet APRA's new CPS 230 resilience standards effective July 2025.

US banks boost AI spending to combat rising check fraud, linked to USD $12.5 billion loss, ahead of the holiday season peak in fraudulent activities.

Zopa teams with Upvest to launch investment accounts with a GBP £1 minimum, aiming to make investing accessible to millions of UK savers.

Manchester’s fintech sector, now worth over GBP £1 billion annually, hosts FinTech North’s conference highlighting innovation, diversity, and growth in the region.

A survey of 1,500+ professionals reveals trust, compliance, and identity assurance as crucial for mainstream adoption of Web3 wallets and digital asset services.

Revolut now allows Australian customers to send instant money transfers to China via Alipay, enhancing convenience and reducing costs for remittances.