Financial institutions stories - Page 1
Stefan Krause joins artius.iD as strategic advisor
Today
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cartech
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cybersecurity
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financial institutions
Security and digital ID firm artius.iD appoints Stefan Krause, ex-CFO of BMW and Deutsche Bank, to its Board of Strategic Advisors amid growing cybersecurity challenges.
Hands-on Review: Norton 360 Platinum with the new Financial Monitoring
Yesterday
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reviews
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advanced persistent threat protection
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data privacy
Norton has launched Financial Monitoring within its 360 Platinum suite, enhancing users' financial security by tracking unusual activity and subscription changes.
Pegasystems unveils AI-driven Pega Smart Investigate update
Last week
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rpa
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genai
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ai
Pegasystems has unveiled the latest Pega Smart Investigate Enterprise Edition, enhancing banks' capabilities in processing payment exceptions with AI automation.
Financial sector's growing focus on cloud resiliency in 2023
Last week
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dr
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cloud security
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advanced persistent threat protection
The Cloud Security Alliance's new report reveals that 78% of financial institutions use single-cloud systems, emphasising resilience amid rising cyber threats.
UK & US firms face rising data costs despite upgrades
Last week
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cloud services
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cto
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data management
A new study reveals that 94% of financial institutions in the UK and US anticipate rising data budgets, raising concerns over cost control amid increasing expenses.
Visa mandates end of SMS OTPs to tackle AI-driven scams
This month
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cx
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phishing
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martech
Visa will require Australian financial institutions to move beyond SMS One-Time Passwords for payments by October 2026 to combat rising AI-driven fraud.
Zscaler report reveals surge in mobile cyberthreats
This month
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ransomware
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digital transformation
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iot security
Zscaler's latest report reveals over 200 malicious apps in Google Play, urging organisations to enhance mobile security amid rising mobile threats.
Don't let your company make headlines for all the wrong reasons
This month
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data protection
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data privacy
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cybersecurity
New APRA regulations demand Australian financial firms enhance cybersecurity measures or face hefty penalties, after rising data breaches affect millions.
Southeast Asia sees surge in web threats amid digital shift
This month
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firewalls
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endpoint protection
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breach prevention
Southeast Asia faced an alarming average of 146,944 web threats daily in H1 2024, with Malaysia leading at 19,615,255 incidents, Kaspersky warns.
Corporate Digital Identity: a tool to combat financial crime
Last month
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money laundering
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fraud
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financial institutions
Financial crime is set to cost global economies USD $485.6 billion in 2023, prompting calls for Corporate Digital Identity to enhance fraud prevention.
Australian banks criticised for weak email scam defences
Last month
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data protection
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advanced persistent threat protection
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email security
Research by Proofpoint reveals that 66% of Australian banks are ill-equipped to combat email fraud, risking customer safety amid rising scams.
AUSIEX enhances engagement with NICE CXone integration
Last month
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data analytics
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digital transformation
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cx
AUSIEX has integrated the NICE CXone platform to boost customer engagement and operational efficiency, enhancing its services in the financial sector.
UK elderly urge banks to keep branches amidst digital age
Last month
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fintech
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digital literacy
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digital divide
A staggering 88% of older UK residents believe banks should retain physical branches, highlighting concerns over the digital divide and access to services.
Global fraud attacks rise 19% amid AI exploitation
Last month
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collaboration
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fraud
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financial institutions
A new report reveals a staggering 19% rise in global fraud attacks, largely fuelled by AI exploitation, highlighting urgent need for improved detection measures.
Outsourcing AML: Five key factors for financial firms
Last month
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outsourcing
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financial institutions
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aml
EFI advises financial institutions on five key considerations for outsourcing AML operations amid rising regulatory pressures and operational costs.
SAS campaigns for anti-fraud AI during awareness week
Last month
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data analytics
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digital transformation
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cx
SAS teams up with the Association of Certified Fraud Examiners to advocate for anti-fraud AI during International Fraud Awareness Week amid rising fraud tactics.
Bitsight acquires Cybersixgill for USD $115 million
Last month
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ai
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cybersecurity
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threat intelligence
Bitsight has acquired threat intelligence provider Cybersixgill for USD $115 million, bolstering its cybersecurity capabilities amid rising cyber risks.
Financial sector prepares for EU DORA regulations in 2025
Last month
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it training
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risk & compliance
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cybersecurity
As the EU's DORA regulation looms, financial firms are urged to bolster digital resilience or risk severe operational disruptions by January 2025.
AI partnership enhances credit scoring in Indonesia
Last month
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cx
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martech
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ai
AND Solutions has secured a software agreement with PT AEON Credit Service Indonesia to deliver AI-driven custom credit scoring solutions.
HID acquires IXLA to enhance document personalisation tech
Last month
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financial institutions
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hid
HID has acquired Italian firm IXLA, enhancing its portfolio in secure credential issuance and expanding its reach in European and emerging markets.