Financial institutions stories

New Zealand cyber agency emails 26,000 people in first mass alert over Lumma Stealer malware infecting Windows devices nationwide.

Thirdfort adopts iProov biometrics to streamline UK property ID checks and combat AI-driven fraud in deals worth billions of GBP £1.6bn+.

AI-fuelled synthetic ID fraud is surging, set to cost firms USD $23 billion by 2025 and USD $58.3 billion by 2030 without stronger checks.

Guidewire appoints Suresh Raman as APAC regional vice president to drive cloud and AI-led sales growth across key Asia Pacific markets.

Digimune and MY CYBER GUARD have teamed up to launch an Australian identity protection service for households and small businesses.

AI has gone mainstream in wealth management, with most firms reporting positive returns and faster payoffs from early adoption, FNZ study shows.

eflow Global launches AI-powered eComms modules with transparent fees from USD $0.20 per GB, cutting compliance costs for financial firms handling digital records.

Group-IB has launched a Cyber Fraud Intelligence Platform to help UK banks tackle GBP £600m fraud by securely sharing real-time risk signals while ensuring data privacy.

UK banks face rising AI-driven fraud in 2026 as criminals exploit gaps in regulation, prompting calls for urgent cross-sector action to protect consumers.

Europe's new anti-money laundering rules mandate AI integration, as legacy systems fail to meet rising financial crime challenges and regulatory standards.

Michaela O'Connor has been appointed Chief Growth Officer at Symcor to lead sales, marketing, and strategy, driving the company’s expansion and innovation.

Camunda appoints Ryan Shopp as Chief Marketing Officer to boost growth and enhance engagement with global enterprise clients amid rising agentic automation demand.

Europe's new AML rules mandate AI integration as legacy systems fail to detect complex financial crimes, urging banks to upgrade compliance technology now.

Hong Kong CFOs now prioritise cyber resilience as cyberattacks increasingly risk financial stability, compliance and corporate reputation across sectors.

AI-driven fraud, including synthetic identities and real-time deepfake attacks, surges in financial services, prompting urgent defence upgrades for 2026.

Abacus Group opens Dubai office in DIFC to meet soaring IT and cybersecurity demands of financial firms amid UAE's growing investment appeal.

Tech Mahindra launches i.GreenFinance, an AI-powered platform to help global financial institutions manage green loans and comply with sustainability regulations.

S-RM has named Casey O’Brien as Global Head of Incident Response to boost its 24/7 cyber security services across EMEA, APAC and North America.

Australian financial firms must strengthen Salesforce backup and restore practices to meet APRA's new CPS 230 resilience standards effective July 2025.

Latino Community Credit Union, with over 140,000 members, adopts ReconArt’s platform to automate reconciliation and enhance financial accuracy and compliance.