Financial institutions stories - Page 10

Sumsub and Data Zoo have partnered to deliver enhanced global fraud prevention and compliance solutions for financial institutions across 170+ jurisdictions.

Digital transformation is vital for survival, but businesses must balance rapid innovation with strong governance to avoid costly risks and stay competitive.

UK banks face rising fraud losses up to GBP £40 million as criminals outpace detection despite growing use of behaviour-based analytics and increased tech spending.

KX and NVIDIA have launched the AI Banker Agent, an AI system designed to enhance real-time decision-making and client service in global trading markets.

Denodo has earned the Snowflake Financial Services Competency, recognising its expertise in secure data management for banking, capital markets, and insurance.

Third-party cyber breaches at Europe's top 100 banks surged 25% last year, exposing systemic weaknesses in their digital supply chains under rising regulation.

Snowflake announces plans to buy Crunchy Data, aiming to enhance its AI Data Cloud with an enterprise-ready PostgreSQL platform for AI applications.

Taurus partners with Parfin to enhance digital asset custody and trading infrastructure, aiming to boost institutional adoption across Europe and Latin America.

FICO and AWS have teamed up to expand global access to AI-driven decision workflows, now available via AWS Marketplace Private Offers.

Salesforce launches Agentforce for Financial Services, offering AI agents to automate tasks and boost personalised client engagement in banks and insurers.

BioCatch and The Knoble have launched a toolkit to help banks quantify losses and build a business case for stronger authorised push payment scam prevention.

First-party fraud now tops global cyberattacks, rising to 36% of cases in 2024, according to LexisNexis Risk Solutions' Cybercrime Report.

BioCatch appoints Andreas Dombret as senior advisor to boost global growth and fight financial crime with innovative technology.

Extend launches open-source AI toolkit enabling businesses to enhance spend analysis and automate workflows via API integration with major AI frameworks.

Interprefy enhanced multilingual communication at CoinDesk Consensus 2025 in Hong Kong with AI-driven captions and live English-Mandarin interpretation for 500+ attendees.

Rayls launches Enygma, a compliance-ready privacy framework for Ethereum, enabling confidential transactions with optional auditor oversight and seamless integration.

FICO's UK report warns of rising first-party fraud amid financial strain, as average credit card balances grow and missed payments increase year-on-year.

Backbase launches AI-powered Banking Platform to boost banks' growth, automate tasks and improve efficiency amid legacy tech challenges globally.

World Password Day highlights the importance of strong, unique passwords and emerging passwordless technologies for enhanced security against cyber threats.

Meta1st upgrades its Analyse1st and Learn1st to enhance cyber risk defence and help financial firms comply with DORA, boosting real-time email threat detection.