eCommerceNews Australia - Technology news for digital commerce decision-makers
Australia

Financial institutions Stories - Page 2

Global Stories

Financial institutions stories

Bloomberg launches enterprise MCP for AI data access
Data governance

Bloomberg launches enterprise MCP for AI data access

Financial firms can now let AI agents pull licensed Bloomberg data through a standardised interface that also supplies the context needed to use it correctly.

By Joseph Gabriel Lagonsin • 4 min read • Last week
Duco says agentic AI cuts bank reconciliation work 76%
Generative AI

Duco says agentic AI cuts bank reconciliation work 76%

Production trials at 12 banks and financial institutions cut manual post-trade reconciliation work by an average of 76%, Duco said.

By Joseph Gabriel Lagonsin • 4 min read • Last week
Stakk completes USD $63 million ParaScript acquisition
Risk & Compliance

Stakk completes USD $63 million ParaScript acquisition

The enlarged group now serves more than 300 enterprise customers and processes over 110 billion digital interactions a year across four regions.

By Joseph Gabriel Lagonsin • 3 min read • This month
Failed cross-border payments cost banks USD $2.2 million
Risk & Compliance

Failed cross-border payments cost banks USD $2.2 million

For a bank handling 10,000 cross-border payments a day, failed transactions can drain about USD $2.2 million a year and drive customers away.

By Karen Joy Bacudo • 4 min read • This month
CoinPayments names Aaron Budiman Asia Pacific director
Crypto

CoinPayments names Aaron Budiman Asia Pacific director

The hire comes as payments firms race to tap Asia Pacific's fast-growing crypto market, where CoinPayments is betting on stablecoin transfers.

By Joseph Gabriel Lagonsin • 3 min read • This month
Hyperlayer joins Asia Pacific fintech lab as finalist
Digital Transformation

Hyperlayer joins Asia Pacific fintech lab as finalist

The Hong Kong firm will gain access to major banks and insurers as it seeks customers wary of costly core-system overhauls.

By Karen Joy Bacudo • 3 min read • This month
Gresham launches AI tool to speed reconciliation controls
Risk & Compliance

Gresham launches AI tool to speed reconciliation controls

Financial firms could cut delays in reconciliation changes as business users build controls without coding and test them before they go live.

By Karen Joy Bacudo • 3 min read • This month
Model ML appoints Alex Kayyal as Chief Financial Officer
Artificial Intelligence

Model ML appoints Alex Kayyal as Chief Financial Officer

The hire adds finance expertise as the software group scales rapidly, with annual recurring revenue doubling in the second quarter of 2026.

By Karen Joy Bacudo • 4 min read • This month
EMEA fraud attempts rise as AI scams grow more complex
Fintech

EMEA fraud attempts rise as AI scams grow more complex

More than a third of financial firms in Europe, the Middle East and Africa reported fraud attempts rising by over 25% in two years.

By Sofiah Nichole Salivio • 4 min read • This month
Visa study finds Asia-Pacific stablecoin interest rising
Crypto

Visa study finds Asia-Pacific stablecoin interest rising

Stablecoins are edging towards mainstream payments in Asia Pacific, with 46% of consumers saying they may use them within five years, Visa found.

By Karen Joy Bacudo • 3 min read • This month
Walapay raises USD $4.6 million seed funding round
Crypto

Walapay raises USD $4.6 million seed funding round

The fresh capital will fund licensing, banking ties and hiring as the payments platform expands direct links across Latin America, Africa and Asia.

By Karen Joy Bacudo • 4 min read • This month
Citi launches instant cross-border payments on Swift
Fintech

Citi launches instant cross-border payments on Swift

The service gives banks single-account access to instant cross-border transfers in four currencies, reducing the need for local banking ties and infrastructure.

By Karen Joy Bacudo • 3 min read • This month

Stories from Other Regions

Financial institutions stories

ACAMS launches crypto crime training with Chainalysis
Crypto

ACAMS launches crypto crime training with Chainalysis

Compliance teams are being pushed to learn blockchain tracing as illicit crypto activity keeps rising and digital assets enter mainstream finance.

By Karen Joy Bacudo • 4 min read • This month
Plaid launches AI credit & fraud models for lenders
Fintech

Plaid launches AI credit & fraud models for lenders

Lenders may now approve more borrowers and catch more fraud, as Plaid's new models use cash flow and transaction data instead of credit scores alone.

By Karen Joy Bacudo • 4 min read • This month
Varney & Associates picks Fieldguide for audit platform
Agricultural Technology

Varney & Associates picks Fieldguide for audit platform

Clients will now see audit work and document requests in one live system as the Kansas firm replaces a 20-year-old platform.

By Karen Joy Bacudo • 3 min read • This month
Only 4.7% of institutions update compliance continuously
Surveillance

Only 4.7% of institutions update compliance continuously

Most firms still review risks on a schedule, leaving 56.8% without always-on monitoring even as crime threats, rules and volumes shift faster.

By Joseph Gabriel Lagonsin • 3 min read • This month
Capitolis raises USD $220 million to buy eSecLending
Fintech

Capitolis raises USD $220 million to buy eSecLending

The deal gives the New York fintech a securities lending business and wider client access as it expands beyond bank-focused services.

By Karen Joy Bacudo • 4 min read • This month
Lloyds survey says tokenisation will reshape finance
Fintech

Lloyds survey says tokenisation will reshape finance

A Lloyds poll of 100 senior UK financial leaders found 71% expect tokenisation to transform services, with faster settlement seen as the main gain.

By Karen Joy Bacudo • 4 min read • This month