Banking stories
UK consumers concerned as mobile fraud & attacks rise
Today
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malware
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gaming
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ecommerce
Research by Appdome reveals that 41% of UK consumers have faced mobile fraud, highlighting urgent security concerns as they shift towards app-based transactions.
New Zealand banks to launch Confirmation of Payee feature
Yesterday
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email security
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payment technologies
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scams
New Zealand's banking sector is set to launch a Confirmation of Payee feature to combat payment scams and errors starting November 2024.
Banked acquires Waave to expand Pay by Bank in Australia
4 days ago
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payment technologies
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market
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m&a
Banked has acquired Australian payment technology firm Waave, aiming to dominate the real-time payments market and enhance the Pay by Bank experience.
ANNA introduces biometric checks to combat account fraud
4 days ago
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surveillance
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biometrics
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fintech
British neo-bank ANNA has launched biometric re-authentication to enhance security, requiring selfies to prevent unauthorised access to business accounts.
Emerge secures $12m to revolutionise NZ banking
Last week
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fintech
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cx
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martech
New Zealand's challenger bank Emerge has raised USD $12 million in Series A funding to enhance its digital banking services for local businesses.
Exclusive: Pyng’s CEO aims to revolutionise payments across Australia
Last week
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fintech
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consumer rights
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banking
Dipra Ray, CEO of Pyng, is on a mission to eliminate transaction surcharges across Australia, aiming to transform payments for consumers and merchants.
People First Bank sees growth in profit & loans post-merger
Last week
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fintech
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martech
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cdp
People First Bank has reported a 29% net profit increase to USD $41.4 million in its first year post-merger, alongside significant technological advancements.
Navigating enterprise-wide deployment of generative AI in banking
This month
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digital transformation
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cryptocurrency
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fintech
Generative AI is revolutionising banking in Australia and New Zealand, with 79% of banks progressing beyond initial adoption stages to enhance operations.
Customer experience: The heart of sustainable growth
This month
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smartphones
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cryptocurrency
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cx
Customer experience drives sustainable financial growth, risking AUD $87 billion if ignored. Digital banks leverage automation for seamless service.
UK consumers demand tougher regulations on faulty software
Last month
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fintech
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ai security
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cybersecurity
Two-thirds of UK consumers see faulty software updates as unacceptable as contaminated food, following major CrowdStrike outages.
Trend Micro report: America tops global cyber risk index
Last month
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mfa
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xdr
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cybersecurity
Trend Micro’s 2024 Cyber Risk Report highlights America as the top-risk nation, citing vulnerabilities in banking and critical infrastructure sectors.
Backbase unveils Intelligence Fabric to boost banking with AI
Last month
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crm
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fintech
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ai
Backbase unveils Intelligence Fabric, a major upgrade to its Engagement Banking Platform, integrating AI and data capabilities to enhance customer service and sales operations.
Australian risk leaders see rising credit stress: Experian report
Last month
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risk & compliance
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experian
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credit
Experian's Risk Radar report shows Australian borrowers facing mixed challenges, with car and personal loans under intense stress, and mortgage delinquencies rising by 40%.
Workday debuts 12 Industry Accelerators to boost HR & finance
Last month
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edutech
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crm
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devops
Workday unveils twelve new Industry Accelerators, partnering globally to help customers modernise HR and finance across various sectors.
Climate X report: most top banks fail climate adaptation tests
Last month
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apm
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cleantech
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software development
Climate X’s report reveals that most major banks are ill-prepared for climate risks, with only 7 of 50 meeting over half the criteria.
Sinch & Singtel partner to launch RCS messaging in Singapore
Last month
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cx
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martech
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supply chain & logistics
Sinch and Singtel have launched Singapore's first RCS Business Messaging service, revolutionising customer engagement with secure and interactive branded messages.
Kore.ai launches GALE to simplify enterprise AI application development
Last month
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genai
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ai
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healthtech
Kore.ai unveils GALE, a groundbreaking Generative AI and LLM platform designed to revolutionise enterprise productivity and innovation through rapid AI application development.
Australia's new labour law complicates cybersecurity efforts
Last month
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advanced persistent threat protection
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iam
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healthtech
Australia's new right to disconnect law, targeting burnout reduction, starkly contrasts with rising cyber threats, 45% of which hit outside working hours.
Quantum tech revenue to surge from $2.7bn to $9.4bn
Last month
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partner programmes
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quantum computing
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investment
A Juniper Research study indicates commercial revenue from quantum technology will surge from $2.7 billion in 2024 to $9.4 billion by 2030, despite only 300 quantum computers being deployed.
AI reduces software development time by up to 50%, survey finds
Last month
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devops
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apm
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low-code
A survey by OutSystems and KPMG reveals that AI adoption has cut development time by up to 50% for 75% of software executives, reshaping their roles.