Financial Services stories - Page 39

Visa survey reveals 88% of digital creators expect growth, yet 62% still use personal accounts, highlighting a need for tailored business banking solutions.

Nearly half of financial firms struggle to scale AI fully due to data silos and security concerns, despite widespread adoption and hybrid deployment strategies.

DBS has launched its AI-powered virtual assistant, DBS Joy, for all corporate clients, enhancing 24/7 support and boosting SME customer satisfaction by 23%.

Hexaware has acquired CyberSolve to enhance cybersecurity with AI-driven identity and access management, boosting global digital security and compliance.

Taiwan's CloudMile has raised USD $20 million to boost AI growth and expand industry solutions across Southeast Asia's key markets.

Global research finds IT and tech staff among the least motivated workers, scoring 70.8%, with finance sectors trailing lower; management consulting leads at 76.2%.

By 2026, AI will revolutionise banking and insurance, with over half of younger adults using generative AI for financial advice, says Forrester report.

Backbase wins the 2025 Datos Impact Award for its AI-driven platform revolutionising wealth management with faster onboarding and personalised digital advice.

Revolut has launched an eight-week NZ campaign with All Blacks star Ardie Savea, highlighting its app's global finance features and ease of use.

Reflectiz has raised $22 million in Series B funding to expand its AI-driven web risk platform and establish a global HQ in Boston.

Banks are doubling AI budgets to 17% of IT spend by 2028, but only 20% have robust real-time data governance, reveals Tech Mahindra's global survey.

Fintech firms rush to adopt AI, with 65% using it despite cybersecurity lapses, highlighting the urgent need for robust guardrails to build trust and ensure safety.

Confluent's Tableflow now integrates with Delta Lake and Databricks Unity Catalog, enabling real-time analytics and AI with governed data across multicloud environments.

Straker secures a NZD $28 million deal with IBM to expand AI translation services and co-develop specialised language models over three years.

Confluent has launched Private Cloud, enabling organisations to securely deploy and manage real-time data streaming on private infrastructure with cloud-like agility.

Check Point and NVIDIA launch AI Cloud Protect, a security solution for AI infrastructure, securing enterprise AI without compromising performance.

Azul and ActiveViam have launched a solution that cuts cloud analytics costs by up to 50%, enhancing performance for financial firms handling large-scale data.

DDoS attacks have surged to record peaks of 3.7 Tbps, driven by automation and shifting geopolitical sources, targeting sectors like higher education globally.

IBM launches Digital Asset Haven, a secure blockchain platform for institutions, combining advanced custody features across 40+ blockchains from late 2025.

Talkdesk expands its partnership with Databricks to unify customer data, enhancing AI-driven automation and personalised experiences on its CXA platform.