Financial Services stories
Emerging cyber threats in 2025, including AI-driven attacks and ransomware, target healthcare and industry, with breach costs soaring to USD $5.3 million.
HSBC Innovation Banking has launched in Australia to support venture-backed tech scale-ups with tailored finance and global network access.
Community Broker Network expands into New Zealand by acquiring Folio's broker network, focusing on supporting local authorised representatives with enhanced services.
Felipe Flores has been named Regional Senior Vice President of Data and AI at Endava, leading expansion of AI capabilities across the Asia-Pacific region.
Acuity Knowledge Partners teams up with Databricks to offer enhanced AI and data solutions to over 650 financial firms worldwide, boosting analytics and automation.
HelixML launches Helix 2.0, enabling enterprises to deploy AI agents on private infrastructure in just eight weeks, cutting costs by up to 75%.
Sektor partners with SentinelOne to distribute AI-driven cybersecurity solutions across Australia and New Zealand, enhancing local data sovereignty and compliance.
Cinven acquires majority stake in Smart Communications to boost global growth and innovation in regulated sectors using its cloud-based customer communication platform.
Kerv has launched Guardian Assurance to help regulated firms like financial and legal services improve compliance and recording of communications.
US financial firms face rising costs averaging USD $232,000 annually due to mobile compliance challenges and false positive inefficiencies, study finds.
Upcover partners with Coalition to launch a digital cyber insurance platform, swiftly protecting Australian SMBs and startups with tailored coverage online.
Bank Negara Indonesia partners with Cloudera to deploy AI-powered banking services securely, meeting Indonesia's strict regulatory and data sovereignty requirements.
Triple Point's Private Credit team has backed Pelican Capital's investment in cloud optimisation firm Capacitas via a senior loan, enabling growth plans.
Australian banks are racing to fully adopt biometric banking, offering enhanced security and convenience through facial recognition and fingerprint technology.
Widespread outages have cost Australians AUD $5.3 billion yearly, with 68% losing trust in telecommunications amid rising service disruptions.
Interac appoints Anuj Dhall as Group Head, Technology & Operations to lead tech modernisation and enhance secure digital payments in Canada.
Wisr has named Sam Harding as COO, leveraging his 20 years' banking experience to enhance operations and drive growth in personal and vehicle loans.
Real-time data access is essential for AI-driven agility, as Denodo reveals how virtualisation boosts speed and governance in enterprise systems.
A harmless-looking cat fact can more than double error rates in large language models, raising concerns for finance, law and healthcare.
Colonial First State deploys GPT-4 AI tools to enhance customer service, advisor support, and efficiency for over three million clients in wealth management.