Financial institutions stories - Page 2

VMware's most recent report finds 74% of businesses experienced one or more ransomware attacks in the last year, with 63% deciding to pay the ransom.

DiUS has announced it has entered a definitive agreement to sell its global contract-testing collaboration platform, Pactflow, to SmartBear.

Personetics raises $85m from Thoma Bravo, doubling its valuation to over $160m and expanding operations in Australia.

Nearly all Australian financial institutions (FIs) plan to replace in-house financial crime management solutions within three years, says IDC.

Applying technology allows banks to anticipate their customer needs, create value and exceed customer expectations.

There has been a increase in sophisticated cross-border cyber criminal campaigns against the financial sector and its supply chain.

Entrust, a company specialising in trusted identity, payments and data protection, has announced a definitive agreement to acquire Antelop Solutions.

GBG partners with SEON to bolster online fraud prevention for banks and fintechs, offering technology integrated into the GBG Intelligence Center.

FiVerity launches industry-first Cyber Fraud Network to combat cyber tactics and fraudulent theft in financial institutions.

APAC banks invest in digital wellness apps, as Forrester finds trust in traditional banks fuels tech shift.

Two-thirds of banks, corporations and NBFIs are still using search engines for trade compliance, risking red flags and missed opportunities, says Accuity.

Allvue Systems selects Snowflake to enhance client data storage and processing capabilities in a centralised data cloud.

Snowflake has been chosen by mx51 to enhance its analytics and customer service for its merchant payment platform.

The majority of Asia Pacific financial services firms say automation gives them a competitive edge, according to new research.

Moneythor and Envestnet | Yodlee are partnering to improve customer experiences for financial institutions in Australia and New Zealand.

Global spending on financial crime compliance at financial institutions is forecast to reach US$213.9 billion in 2021.

State Street Corporation has launched its new Bitcoin Indicator series, aiming to measure the popularity of Bitcoin and its impact on traditional markets.

The total projected cost of financial crime compliance within Asia Pacific firms reached US$12.06 billion, according to a new report.

Financial institutions in Asia Pacific accumulate over $10.6bn in penalties for non-compliance with regulations, says Fenergo.

Oracle Financial Crime and Compliance Management Cloud Services is an application suite designed for mid-sized banks and smaller financial institutions.

While Radware did not share the names of its two clients, the company did explain more about the partnerships.

APAC FIs projected to spend millions on fraud prevention solutions, with Thailand, China, and Indonesia leading the way, according to a GBG report.

Backbase and Mambu have joined forces to offer a comprehensive SaaS banking solution, helping financial institutions modernise and improve customer engagement.

Financial organizations are worried about attracting skilled workers as automation forces the bar for higher skills higher, according to a report from Trintech.