Financial Services Stories - Page 179

Global Stories

Financial Services stories

Third-party vulnerabilities expose insurance industry risks

A report reveals that 59% of cyber breaches in the top 150 insurance firms stem from third-party attacks, exposing serious supply chain vulnerabilities.

By Shannon Williams • 3 min read • Fri, 7th Feb 2025

Blockchain

DTCC unveils ComposerX for digital assets lifecycle management

The Depository Trust & Clearing Corporation has unveiled ComposerX, a groundbreaking suite aimed at streamlining digital asset management for financial firms.

By Catherine Knowles • 3 min read • Thu, 6th Feb 2025

Fintech

Puma leads $4.3m funding for legal AI firm Semeris

Puma Growth Partners has led a $4.3 million funding round for Semeris, enhancing its AI tools for financial institutions navigating complex legal documents.

By Catherine Knowles • 3 min read • Thu, 6th Feb 2025

Digital Transformation

UBS report: entrepreneurs eye AI for industry growth

UBS has launched its first Global Entrepreneur Report, revealing that 62% of entrepreneurs see AI as their greatest business opportunity amidst economic uncertainties.

By Sean Mitchell • 3 min read • Thu, 6th Feb 2025

Digital Transformation

HubSpot opens first Australian data centre in Sydney

HubSpot has launched its first data centre in Australia, enabling local businesses to enhance performance and data sovereignty while meeting compliance needs.

By Shannon Williams • 2 min read • Thu, 6th Feb 2025

Banking

Dee McGrath announces retirement from MUFG, Lombardo to lead

MUFG Pension & Market Services announces CEO Dee McGrath will retire on 30 June 2025, with Frank Lombardo appointed to lead its Australia and New Zealand operations.

By Moritz Florian • 2 min read • Thu, 6th Feb 2025

Digital Transformation

EC360 platform launches to revolutionise banking KYC

Encompass has unveiled its EC360 platform to revolutionise corporate client verification in banking, addressing outdated processes amid rising competition.

By Melania Watson • 3 min read • Tue, 4th Feb 2025

EduTech

Ásgeir Óskarsson appointed as BSV Association chief

The BSV Association has appointed Ásgeir Óskarsson as its new Managing Director, bringing over ten years of expertise in finance, insurance, and blockchain.

By Imee Dequito • 2 min read • Sat, 1st Feb 2025

Digital Transformation

Underinvested and overlooked: Unlocking the true value of back-office processes with AI

In the financial services sector, back-office operations are often neglected, yet innovations in AI could unlock their vital potential for driving growth.

By Murray Campbell • 5 min read • Tue, 28th Jan 2025

Data Analytics

Real-time KYC: Tipping the balance in corporate banking's digital revolution

As corporate banking undergoes a digital transformation, real-time KYC processes powered by Corporate Digital Identity are set to significantly enhance operational efficiency.

By Wayne Johnson • 6 min read • Tue, 28th Jan 2025

Gaming

Keyless secures USD $2 million to enhance US expansion

Keyless has secured an additional USD $2 million, raising total funding to USD $10 million, to enhance its biometric services and expand in North America.

By Sean Mitchell • 2 min read • Mon, 27th Jan 2025

Robotics

AI advancements in 2024 and key predictions for 2025

In 2024, AI innovations are set to revolutionise sectors like finance and public services, predicting substantial changes and savings of up to GBP £200 billion by 2025.

By Brad Mallard • 5 min read • Fri, 24th Jan 2025

EduTech

Kentico celebrates digital innovation with 2024 awards

The Kentico Site of the Year 2024 Awards have celebrated 30 exceptional digital projects, demonstrating the platform's growing impact across various industries.

By Shannon Williams • 3 min read • Thu, 23rd Jan 2025

Cybersecurity

Infoblox expands in NZ with senior appointments, new suite

Infoblox has strengthened its New Zealand team by appointing two senior executives to meet rising demand for its cloud networking and security services.

By Imee Dequito • 3 min read • Thu, 23rd Jan 2025

Stories from Other Regions

Financial Services stories

EduTech

UK financial firms hit by rising supply chain cyber attacks

New research shows that 58% of large UK financial services firms faced third-party supply chain attacks in 2024, with nearly a quarter seeing multiple incidents.

By Catherine Knowles • 3 min read • Thu, 6th Feb 2025

Surveillance

EU AI Act introduces new global benchmark for regulation

The European Union's Artificial Intelligence Act will take effect on 2nd February, banning high-risk AI uses like facial recognition and social scoring.

By Sean Mitchell • 3 min read • Sat, 1st Feb 2025

Advanced Persistent Threat Protection

Kynd urges financial firms to boost cyber resilience

KYND, a London-based insurtech firm, urges the financial services to enhance long-term cyber resilience as the EU's Digital Operational Resilience Act takes effect.

By Sean Mitchell • 3 min read • Fri, 31st Jan 2025

Physical Security

Businesses urged to prioritise AI data security measures

CMTG has advised Australian businesses to assess privacy and data risks before integrating AI tools like Microsoft Copilot, as data protection becomes essential.

By Shannon Williams • 3 min read • Fri, 31st Jan 2025