Banking stories - Page 6

AI will unleash short-term chaos and “shadow AI” risks before governance tools restore control, warns OutSystems chief Woodson Martin.

US banks tighten grip on AI patents in finance, with a small North American elite racing ahead as European rivals fall further behind.

F5 and NetApp are deepening their alliance to harden AI data pipelines with quantum-resistant encryption and higher S3 throughput.

A global NTT DATA study finds AI leaders are 2.5 times likelier to see double-digit revenue growth and triple the profit margins of peers.

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.

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

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.

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.

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

BioCatch launches Connect 2.0, a platform using behavioural and device data to fight rising digital banking fraud and AI-driven financial crimes globally.

Ebury launches a mobile app enabling SMEs to manage international payments and FX on the go, offering real-time rates for over 130 currencies.

Bango partners with DeepL to offer AI translation tools via its Digital Vending Machine, enabling resellers to bundle services for a global customer base.

British firm TMT ID secures GBP £30m from BGF to expand real-time age verification and fraud prevention globally, focusing on the US market.

SAS has been named a leader in real-time interaction software for its Customer Intelligence 360, excelling in AI and data-driven customer engagement.

Rackspace Technology launches AI Launch Pad, a private-cloud service to help businesses overcome AI adoption challenges and boost returns across sectors.

OpenText has launched the AI Data Platform to securely unify and manage enterprise data, enhancing AI accuracy and integration across industries.

Rackspace Technology appoints Lata Varghese and Phani Kishore Burre as Senior VPs to boost AI, cloud services and business transformation efforts.

Banks and credit unions are shifting from transaction rewards to building trust and personalised relationships, using AI to anticipate customer needs and enhance loyalty.

Capco joins OpenAI's Beta Services Partner Programme, gaining early access to AI tech to enhance financial and energy sector services globally.