Financial institutions stories - Page 6

Select ID becomes UK's only dedicated identity orchestration network with DIATF status and ISO 27001, boosting reusable digital IDs for finance.

Agentic AI promises rapid software gains, but a recent Claude Code cyberattack shows how “double agents” can outpace unprepared developers.

Unit4 marks 100th ERPx go-live, ramps up AI learning and security as more public and private sector customers move to its cloud ERP.

AI has shifted from experiment to existential need in European finance, with most leaders fearing profit loss or obsolescence if they lag.

Digital Asset predicts 2026 tipping point as institutions go on-chain, prioritising privacy, clear rules and routine stablecoin use.

Mphasis appoints tech and banking veteran Punit Sood as independent director to bolster its AI-led push into global finance clients.

Hapax unveils a free AI certification for bankers as lenders ramp up AI spending and face tougher scrutiny from regulators and boards.

Aventur lands Dutch family office funding for its AI-led money platform, eyeing a 2026 UK launch to narrow the financial advice gap.

CybExer warns 2026 will bring “AI wars”, quantum-era encryption risks and stricter cyber insurance demands on organisational readiness.

Agentic AI tools from Targa Telematics cut UK fleet vehicle thefts by 12% in 2025, saving operators up to EUR €2 million a year.

Ripple-owned GTreasury buys Australian fintech Solvexia to fuse treasury, reconciliation and compliance in one automated finance platform.

Eastnets deepens its LSEG partnership, plugging real-time World-Check risk data into Safewatch Screening to sharpen financial crime checks.

Craigslist founder Craig Newmark is funding Global Signal Exchange to expand its shared threat data network against rising online fraud.

EU banks face a 2026 crunch as new AML rules spark a shake-up in KYC vendors, testing compliance strategies amid rising fraud risks.

TCS launches BaNCS AI Compass, adding explainable AI agents to help global banks automate operations while tightening governance controls.

Aviva extends its tech pact with TCS, shifting another 1.1m UK life policies onto the BaNCS platform to streamline service and costs.

Finance leaders hail AI as core to strategy, yet fewer than half have scaled it beyond pilots amid legacy, skills and leadership hurdles.

Thirdfort adopts iProov biometrics to streamline UK property ID checks and combat AI-driven fraud in deals worth billions of GBP £1.6bn+.

AI-fuelled synthetic ID fraud is surging, set to cost firms USD $23 billion by 2025 and USD $58.3 billion by 2030 without stronger checks.

AI has gone mainstream in wealth management, with most firms reporting positive returns and faster payoffs from early adoption, FNZ study shows.