Banking stories

Banks hampered by technology modernisation challenges
This month
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ibm
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banking
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finance
Ecosystem privacy and security challenges have been cited as the top two barriers to innovation, according to a new study.

Australian banks not proactively blocking fraudulent emails
Last month
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cybersecurity
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proofpoint
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fraud
Due to the extensive amount of sensitive personal and financial data that they store, banking and financial institutions are a prime target for cyber criminals.

OSS supply chain attacks targeting the banking sector
Mon, 24th Jul 2023
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cyber attacks
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checkmarx
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website spoofing
The attacks showcased advanced techniques, including targeting specific components in web assets by attaching malicious functionalities to it.

UK banks leaving customers at risk of email fraud
Fri, 30th Jun 2023
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cybersecurity
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email security
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fraud
New research from Proofpoint has revealed banking institutions incorporated in the United Kingdom are lagging behind on basic cybersecurity measures.

Australians are resisting the rise of AI in banking
Tue, 20th Jun 2023
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ai
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customer service
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banking
Australians prefer traditional banks over digital-only, in large part due to the ability to speak to a bank teller face-to-face.

Temenos reaches record high transactions for Banking-as-a-Service
Fri, 19th May 2023
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cloud banking solutions
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temenos
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banking
"We consistently invest more in cloud technologies and have more banks live with core banking in the cloud than any of our peers."

Financial collaboration drives competitive advantage
Wed, 10th May 2023
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financing
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inflation
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financial systems
The increasing complexities and interconnectivity of global supply chains are ubiquitous sources of pain yet opportunity.

Banks, healthcare amongst top targets for cybercrime
Fri, 28th Apr 2023
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it in healthcare
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blackberry
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cyber attacks
"The initial weeks of 2023 have indicated that this year will remain a difficult time for numerous organisations and individuals across the globe.."

No evidence of responsible AI in world's largest banks
Tue, 28th Mar 2023
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fintech
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ai
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banking
Banks across North America and Europe are failing to publicly report on their approaches to responsible AI development.

Banks Are Getting to Know You Better - What’s in it for Customers?
Thu, 23rd Feb 2023
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dr
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transactions
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credit risk
At the recent Australian Retail Credit Association Credit Summit, FICO’s Head of Scoring Solutions, Steven Brown, spoke about global credit risk trends.

Three money movement trends set to shake up APAC in 2023
Wed, 18th Jan 2023
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fintech
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payment gateways
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b2b
To get a sense of how APAC’s payment paradigm is shifting, Currencycloud explores three interesting trends that would impact the movement of money in 2023 and beyond.

Australian financial services delivery dips, says Forrester
Fri, 9th Dec 2022
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fintech
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cx
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forrester research
Bendigo Bank, Macquarie Bank, and Suncorp are the only brands to provide good customer service this year, with the rest in the OK and poor categories.

One of Asia’s largest banks using Workday across 14 markets
Thu, 8th Dec 2022
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digital transformation
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hcm
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hr
UOB, one of Asia's largest banks, has successfully deployed Workday Human Capital Management (HCM) across 14 markets.

Aussie banks struggle to make headway on digitisation plans
Tue, 11th Oct 2022
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digital transformation
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open source
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challenge
Operational hurdles, regulatory challenges, legacy technologies, and skills gaps are slowing down the momentum as banks look to stay competitive.

Why the financial services industry needs to embrace ‘relationship marketing’
Tue, 11th Oct 2022
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fintech
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open source
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retail
With more fintech disruptors joining the financial sector, digitally-savvy customers have more choice than ever at their fingertips — and they’re searching for the best deals.

New report highlights opportunities and challenges of Super Apps for banking sector
Wed, 5th Oct 2022
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fintech
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bpc
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banking
"Staying ahead of the game means predicting where tomorrow will take us, as well as recognising where things currently stand."

Banks looking to metaverse to help reduce carbon footprint
Tue, 27th Sep 2022
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vr
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metaverse
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carbon footprint
Research reveals 91% of Australian banking executives are banking on the metaverse to reduce their organisation's carbon footprints.

PXP Financial partners DisputeHelp management platform
Fri, 23rd Sep 2022
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pos
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martech
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commerce systems
The partnership will provide an end-to-end dispute management platform across all payment schemes for their merchant portfolio.

Poor mobile coverage most prominent issue for telco services
Thu, 22nd Sep 2022
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smartphones
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broadband
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technology gifts
While overall complaint numbers declined significantly in the period, the proportion of mobile complaints increased to 39.7% of all complaints.

Concentric AI, Snowflake to enhance data security posture
Tue, 20th Sep 2022
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partnerships
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data security
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concentric ai
The integration benefits joint customers by making Concentric AI's data security posture management capabilities readily available on the Snowflake Data Cloud.

New report calls for tighter guidelines on data centre sustainability
Fri, 16th Sep 2022
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colocation
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sustainable it
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data centre maintenance / management
A new Cushman & Wakefield report is calling for water consumption and carbon emissions to be measured in addition to power usage.

August's top malware: Emotet knocked off top spot
Fri, 16th Sep 2022
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malware
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cybersecurity
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emotet
FormBook is now the most prevalent malware, taking over from Emotet, which has held that position since its reappearance in January.

IBM LinuxONE servers help clients reach sustainability goals
Thu, 15th Sep 2022
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multi-cloud
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sustainable it
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devsecops
IBM has unveiled the next generation of its LinuxONE server, a highly scalable Linux and Kubernetes-based platform intended to support thousands of workloads in the footprint of a single system.

Four marginal gains for the new era of credit decisioning
Wed, 14th Sep 2022
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ml
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ai
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banking industry
Businesses looking to make the most of new technology can push their operations forward - however, getting the most out of software can sometimes mean making slight compounding adjustments rather than sweeping changes.