Financial institutions stories - Page 2
Majority of banks paid ransom for cyberattacks last year
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 announces sale of global contract testing platform
DiUS has announced it has entered a definitive agreement to sell its global contract-testing collaboration platform, Pactflow, to SmartBear.
Personetics raises $85M, expands operations in Australia
Personetics raises $85m from Thoma Bravo, doubling its valuation to over $160m and expanding operations in Australia.
Australian FIs are seeking more robust crime management solutions, report finds
Nearly all Australian financial institutions (FIs) plan to replace in-house financial crime management solutions within three years, says IDC.
The importance of anticipatory design in mobile banking
Applying technology allows banks to anticipate their customer needs, create value and exceed customer expectations.
Supply chain and ransomware threats drove increase in cyber intelligence sharing
There has been a increase in sophisticated cross-border cyber criminal campaigns against the financial sector and its supply chain.
Entrust acquires financial technology company Antelop Solutions
Entrust, a company specialising in trusted identity, payments and data protection, has announced a definitive agreement to acquire Antelop Solutions.
GBG and SEON strengthen online fraud prevention for financial institutions
GBG partners with SEON to bolster online fraud prevention for banks and fintechs, offering technology integrated into the GBG Intelligence Center.
FiVerity launches 'revolutionary' Cyber Fraud Network
FiVerity launches industry-first Cyber Fraud Network to combat cyber tactics and fraudulent theft in financial institutions.
Traditional banks invest in apps to keep up with the competition
APAC banks invest in digital wellness apps, as Forrester finds trust in traditional banks fuels tech shift.
Manual processes leave financial orgs open to risk, study shows
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 launches centralised data cloud with Snowflake
Allvue Systems selects Snowflake to enhance client data storage and processing capabilities in a centralised data cloud.
mx51 to use Snowflake for analytics and customer service
Snowflake has been chosen by mx51 to enhance its analytics and customer service for its merchant payment platform.
Automation gives competitive edge to APAC financial services firms
The majority of Asia Pacific financial services firms say automation gives them a competitive edge, according to new research.
Moneythor and Envestnet | Yodlee partner, bring greater CX to finance sector
Moneythor and Envestnet | Yodlee are partnering to improve customer experiences for financial institutions in Australia and New Zealand.
Global spending on financial crime compliance accelerates
Global spending on financial crime compliance at financial institutions is forecast to reach US$213.9 billion in 2021.
New Bitcoin indicator series from State Street
State Street Corporation has launched its new Bitcoin Indicator series, aiming to measure the popularity of Bitcoin and its impact on traditional markets.
APAC financial firms bite down as crime compliance costs rise
The total projected cost of financial crime compliance within Asia Pacific firms reached US$12.06 billion, according to a new report.
Asia Pacific FSIs pay $5.1 billion for breaching AML & data privacy
Financial institutions in Asia Pacific accumulate over $10.6bn in penalties for non-compliance with regulations, says Fenergo.
Oracle rolls out anti-money laundering services for banks
Oracle Financial Crime and Compliance Management Cloud Services is an application suite designed for mid-sized banks and smaller financial institutions.
Radware signs on two more clients for DDoS protection
While Radware did not share the names of its two clients, the company did explain more about the partnerships.
Financial institutions in APAC region to invest millions in fraud prevention
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 partner to continue to evolve banking industry
Backbase and Mambu have joined forces to offer a comprehensive SaaS banking solution, helping financial institutions modernise and improve customer engagement.
Finance teams take steps to basic automation - Trintech report
Financial organizations are worried about attracting skilled workers as automation forces the bar for higher skills higher, according to a report from Trintech.