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Financial Services stories

Multiverse Computing raises USD $570 million in Series C
Drones

Multiverse Computing raises USD $570 million in Series C

The funding lifts the Spanish AI firm to a USD $1.7 billion valuation as demand grows for cheaper, lower-energy model deployment.

By Joseph Gabriel Lagonsin • 4 min read • Last week
Cognizant deepens Anthropic tie-up as Claude rollout grows
Data Protection

Cognizant deepens Anthropic tie-up as Claude rollout grows

The expansion signals Cognizant's push to turn AI trials into production work for clients amid tighter scrutiny of governance and risk.

By Joseph Gabriel Lagonsin • 5 min read • Last week
BNPL Fraud in Australia: Why new rules make data quality critical
Fintech

BNPL Fraud in Australia: Why new rules make data quality critical

New licensing rules mean BNPL providers must verify identities and addresses more accurately or risk fraud losses and compliance breaches.

By Edmund Ng • 5 min read • Last week
Qualys appoints Ben Brown to lead ANZ channel push
Software-as-a-Service

Qualys appoints Ben Brown to lead ANZ channel push

Expansion in Australia and New Zealand is expected to deepen Qualys' managed risk services push as it adds four local hires.

By Joseph Gabriel Lagonsin • 3 min read • Last week
Hyve launches Australian hosting hub in Sydney, Melbourne
Private Cloud

Hyve launches Australian hosting hub in Sydney, Melbourne

Australian firms seeking local cloud hosting will gain more options as Hyve opens live data centre capacity in Sydney and Melbourne.

By Sofiah Nichole Salivio • 4 min read • Last week
Anthropic launches Claude Opus 5 as default on Max
Generative AI

Anthropic launches Claude Opus 5 as default on Max

The new model now underpins Claude Max at the same price as Opus 4.8, with stronger coding and research performance, Anthropic said.

By Sean Mitchell • 4 min read • Last week

Stories from Other Regions

Financial Services stories

Zingtree appoints Venkat Iyer as Chief Technology Officer
Software-as-a-Service

Zingtree appoints Venkat Iyer as Chief Technology Officer

The hire is aimed at accelerating AI product development and strengthening governance as Zingtree targets regulated customer service operations.

By Sofiah Nichole Salivio • 3 min read • Last week
UK credit card severe delinquency rises, FICO says
Inflation

UK credit card severe delinquency rises, FICO says

Severe arrears are deepening among vulnerable borrowers, even as post-Easter spending fell and repayments ticked higher in May.

By Sofiah Nichole Salivio • 4 min read • Last week
Hyperlayer names first Head of AI as banks push AI
Software-as-a-Service

Hyperlayer names first Head of AI as banks push AI

Banks are moving AI into live, regulated systems, putting pressure on software vendors to prove every instruction is authorised and auditable.

By Sofiah Nichole Salivio • 4 min read • Last week
Paylink appoints new Senior Leaders as business evolves platform
Software-as-a-Service

Paylink appoints new Senior Leaders as business evolves platform

The Grantham-based affordability technology provider is expanding beyond its Embark platform as it targets more clients and stronger customer support.

By Mark Tarre • 4 min read • Last week
FinregE warns UK AI plan needs stronger bank controls
Digital Transformation

FinregE warns UK AI plan needs stronger bank controls

Banks and insurers face a gap between the plan's broad AI aims and the controls needed to satisfy compliance and audit demands.

By Karen Joy Bacudo • 4 min read • Last week
Crypto's biggest success may be making itself invisible
Crypto

Crypto's biggest success may be making itself invisible

Banks are adopting stablecoins, tokenisation and digital custody as crypto's ideas quietly reshape payments, settlement and asset transfer.

By Paul Quickenden • 3 min read • Last week
HP launches keyboard PC for compact business desks
Data Protection

HP launches keyboard PC for compact business desks

Organisations seeking tidier shared desks may adopt a keyboard-integrated PC that supports four 4K displays and local AI tasks.

By Sean Mitchell • 4 min read • Last week
Upstart wins conditional approval for national bank
Fintech

Upstart wins conditional approval for national bank

The move could let the fintech originate consumer loans nationwide and take FDIC-insured deposits, pending further regulatory approvals.

By Karen Joy Bacudo • 3 min read • Last week
Qedma error software joins Quantinuum quantum platform
Partner Programmes

Qedma error software joins Quantinuum quantum platform

The tie-up could let researchers run more complex quantum algorithms on existing hardware without waiting for fault-tolerant machines.

By Sean Mitchell • 4 min read • Last week
Western Alliance launches 24/7 USD settlement platform
Fintech

Western Alliance launches 24/7 USD settlement platform

Institutional crypto clients can now move dollars continuously after the bank said WA VenueX has already handled billions in transfers.

By Karen Joy Bacudo • 4 min read • Last week
CIX wins Iress certification for Canadian trading platform
Fintech

CIX wins Iress certification for Canadian trading platform

Access to CIX will be simpler for Canadian dealers using Iress software, as the planned integration is set to go live later this year.

By Karen Joy Bacudo • 3 min read • Last week
Wipro expands Databricks tie-up with new AI practice
Manufacturing

Wipro expands Databricks tie-up with new AI practice

The move aims to help enterprises turn scattered AI pilots into production systems, with sector-specific tools for banking, telecoms and manufacturing.

By Sofiah Nichole Salivio • 3 min read • Last week