Financial Services stories

Airwallex acquires Korean fintech Paynuri, securing local payment and FX licences as it accelerates its expansion across Asia-Pacific hubs.

Adobe has named Lucius DiPhillips CIO, tasking the ex-Airbnb technology chief with driving its global tech operations and AI transformation.

Manual compliance is throttling security teams, as RegScale finds delays, staff strain and patchy automation in most large organisations.

Synechron has launched an Agentic AI suite to automate mission-critical workflows in heavily regulated financial and insurance sectors.

IBRS spotlights Interactive’s sovereign-first cloud strategy and hybrid services as Australian organisations rethink data residency and compliance.

Banks face outages costing USD $1.8 million an hour as New Relic says AI-driven observability becomes vital for risk, CX and resilience.

eflow posts 23% client growth and 56 new deployments in 2025 as demand for AI-driven, explainable trade surveillance tools accelerates.

Worldline and YouLend launch Cash Advance in Belgium and the Netherlands, offering SMEs embedded card-based funding of up to EUR €250,000.

Integrity360 acquires Calgary-based Advantus360 to spearhead its North American push and launch a new cyber hub for Canada and the US.

Global IT services spending will rise 4.8% annually to 2029 as cloud infrastructure and generative AI reshape enterprise technology demand.

Anthropic is setting up an Australian office in Sydney as Claude adoption soars, anchoring a wider global expansion and hiring push.

PEXA launches PEXA Clear AML tool for Australian property sector, ahead of new AUSTRAC Tranche 2 rules starting 1 July 2026.

Lancom wins listing on New Zealand’s All-of-Government IT Marketplace, opening a streamlined route to tap a projected $13 billion spend.

Yubico warns EU financial firms that DORA-era resilience demands phish-resistant passkeys, not passwords and legacy MFA still rife in banks.

European banks expect AI to shrink staff only slightly, with most projected job losses coming through routine attrition, not mass cuts.

Indonesia launches a six-month cyber resilience drive to train over 1,000 leaders and practitioners in practical defence and governance.

FinTech Australia opens entries for the 2026 Finnie Awards, marking the programme’s tenth year with revamped categories and a new Sydney venue.

Bizcap has lifted its UK low-doc SME loan cap to GBP £300,000, promising faster decisions and fewer paperwork hurdles for borrowers.

Bizcap Canada relaunches under global Bizcap brand with new broker portal, revamped pricing and faster finance approvals for SMEs.

NuSummit and Simbian launch CognixMDR, an AI-driven managed detection and response service to tackle alert overload and skills gaps.