Financial Services stories
AI use nears 94% in UK and Ireland firms, yet full business transformation lags; IT outsourcing shifts as offshore activity and client demands grow.
RDC.AI and Bank of New Zealand have launched an AI-driven Merchant Flexi Loan, offering quick, flexible cashflow loans to NZ's small businesses.
JAGGAER and BearingPoint have expanded their alliance in APAC, enabling BearingPoint to resell JAGGAER's Source-to-Pay solutions across the region.
HCLTech partners with OpenAI to integrate generative AI into its platforms, aiding enterprises in sectors like finance and healthcare to adopt AI at scale securely.
HCLTech partners with OpenAI to integrate AI products into services, boosting global enterprises' digital transformation and operational efficiency.
HPE expands its AI factory solutions with NVIDIA Blackwell GPUs, enhancing AI infrastructure for organisations of all sizes with Private Cloud AI and new servers.
HPE launches GreenLake Intelligence, an AI-driven platform enhancing hybrid IT operations with real-time optimisation and automation from Q3 2025.
Sumsub and Data Zoo have partnered to deliver enhanced global fraud prevention and compliance solutions for financial institutions across 170+ jurisdictions.
WeMoney wins three awards including FinTech Organisation of the Year at Sydney's 2025 Finnie Awards, with female leaders also honoured for their innovation.
CommBank has launched AI bots developed with Apate.ai to engage scammers in real-time, disrupting fraud and protecting Australians from scams.
UK consumers show low trust in real-time payments security, with only 35% viewing it as safer than credit cards amid rising scam losses of GBP £450 million.
UK finance staff widely use AI tools but worry about inadequate training, data security, and lack of regulatory oversight in their organisations.
APRA demands super funds boost cyber security, mandating multi-factor authentication by August 2025 to protect member savings from rising cyber threats.
Kraken has launched its Krak app, a global money management platform for crypto and fiat assets, with a phased rollout planned for Australia soon.
MUFG Pension & Market Services has completed onboarding Perpetual Investment Management as its first group-wide client with a cross-divisional administration mandate.
Quinn, a New York fintech, secured $11m to launch AI-driven platform offering personalised wealth advice for financial institutions at scale.
Upcover launches a dedicated fintech insurance vertical in Australia, offering tailored policies and faster digital solutions to support fintech firms' growth.
UniSuper has appointed BNP Paribas to deliver its Data PRISM360 solution, enhancing data management for AUD $149bn across 650,000 members in Australia.
Digital payments in Australia now dominate eCommerce, rising from 34% in 2014 to 66% in 2024, reshaping consumer habits and financial services.
Over half of UK IT leaders plan to reduce reliance on US-based cloud providers, citing growing concerns over data sovereignty and regulatory control.