Financial Services stories - Page 49

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

Financial education will become compulsory for primary pupils in England, aiming to boost early money skills and tackle financial exclusion.

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.

A survey finds only 1.6% of UK firms fully ready for the Data Use and Access Act, with staff training the top concern amid fears of human error causing data breaches.

UK payment industry urges careful regulation review to avoid oversimplifying FCA and PSR roles, ensuring consumer protection and innovation thrive.

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

Microsoft Azure's outage exposed security risks, disrupting key services used by UK organisations and sparking calls for a diversified, sovereign cloud strategy.

Equinix will invest GBP £3.9 billion in a new data centre campus in Hertfordshire, boosting the UK's AI capacity and creating thousands of jobs.

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.

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

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.

A FICO survey reveals 70% of UK consumers rank fraud protection as a top priority when choosing banks, reflecting rising security concerns.

ELMO Software appoints Anne Tosky as Global Chief People Officer to lead people strategy amid expansion in Australia, New Zealand and the UK.

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.

BSI warns many UK and global firms lack robust AI governance despite rising investment, risking operational failures and reputational damage amid growing AI use.

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

UK firms feel confident recovering from ransomware but face growing AI-driven risks and supply-chain vulnerabilities, reveals OpenText Cybersecurity survey.