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Financial institutions stories

spektr raises USD $20 million to expand AI compliance
Digital Transformation

spektr raises USD $20 million to expand AI compliance

The new capital will help spektr cut manual compliance checks for banks and fintechs as it pushes its AI platform into more markets.

By Karen Joy Bacudo • 3 min read • Last month
Visa launches Tempo validator node in blockchain push
Firewalls

Visa launches Tempo validator node in blockchain push

The move gives the payments group a direct role in securing early transactions on a network built for real-time and machine-to-machine payments.

By Karen Joy Bacudo • 3 min read • Last month
Backbase, Ninth Wave unlock ERP banking connections
Disaster Recovery

Backbase, Ninth Wave unlock ERP banking connections

Banks could cut manual treasury work for business clients as the new link feeds ERP and accounting data straight into banking systems.

By Karen Joy Bacudo • 4 min read • Last month
Wise plans Nasdaq move as balances hit GBP £29.4bn
Fintech

Wise plans Nasdaq move as balances hit GBP £29.4bn

Higher balances and faster transfers are helping Wise deepen its cross-border network as it prepares a Nasdaq primary listing in 2026.

By Karen Joy Bacudo • 4 min read • Last month
Oracle adds Lucinity AI investigation tools for banks
Digital Transformation

Oracle adds Lucinity AI investigation tools for banks

Banks using Oracle’s compliance software will get AI-led case handling, as the deal aims to cut manual work in money-laundering probes.

By Karen Joy Bacudo • 3 min read • Last month
Icon Solutions names Anders Olofsson as EMEA Sales Director
Fintech

Icon Solutions names Anders Olofsson as EMEA Sales Director

Banks modernising payments infrastructure are under pressure to balance speed, compliance and control as Icon expands in Asia and EMEA.

By Sofiah Nichole Salivio • 3 min read • Last month
FintechOS launches AI platform for banks & insurers
Digital Transformation

FintechOS launches AI platform for banks & insurers

Banks and insurers could cut implementation times from months to weeks as FintechOS 8 adds governed AI and new product operations tools.

By Karen Joy Bacudo • 3 min read • Last month
SLR buys climate analytics platforms in digital push
Agricultural Technology

SLR buys climate analytics platforms in digital push

The acquisitions expand climate risk analysis for investors and governments as firms move beyond outdated historical models to scientific evidence.

By Shannon Williams • 4 min read • Last month
Persistent launches merchant fraud tool on Databricks
Fintech

Persistent launches merchant fraud tool on Databricks

Banks and payment providers could cut fraud losses by up to 40% as the new system flags risky merchants earlier in the payment chain.

By Catherine Knowles • 3 min read • Last month
Custodia warns of AI record-keeping risk in finance
Unified Communications

Custodia warns of AI record-keeping risk in finance

Banks face wider compliance burdens as regulators scrutinise AI-generated messages, collaboration tools and cloud records across finance.

By Catherine Knowles • 3 min read • Last month

Stories from Other Regions

Financial institutions stories

DoBusiness.com joins Payments Canada as member in shift
Software-as-a-Service

DoBusiness.com joins Payments Canada as member in shift

Broader access to Canada’s payment-rule body is giving fintech firms a say in the systems that process CAD $103 trillion a year.

By Karen Joy Bacudo • 4 min read • Last month
Raindrop reunites GBP £447 million in lost pensions
Fintech

Raindrop reunites GBP £447 million in lost pensions

UK savers are missing billions in retirement funds, as the platform tracked 61,858 pots in the quarter, up 497% year on year.

By Karen Joy Bacudo • 4 min read • Last month
Primitive launches AI agent system for banks & credit unions
Software-as-a-Service

Primitive launches AI agent system for banks & credit unions

Banks and credit unions under pressure to adopt AI can now deploy governed agents in production, with MX partnership support and seed backing.

By Karen Joy Bacudo • 5 min read • Last month
Kijiji adds Interac identity checks to boost trust
Data Protection

Kijiji adds Interac identity checks to boost trust

Fraud fears in Canada’s online classifieds may ease as buyers and sellers on Kijiji can now verify their identities before trading.

By Sofiah Nichole Salivio • 3 min read • Last month
A 7-step enterprise fraud framework to redefine scam prevention
Customer Experience

A 7-step enterprise fraud framework to redefine scam prevention

Scam losses may top USD $1 trillion a year, forcing banks to use real-time intelligence and customer data to curb authorised push payments.

By Vineet Saxena • 4 min read • Last month
QuSecure appoints Tom Lounibos as strategic advisor
Digital Transformation

QuSecure appoints Tom Lounibos as strategic advisor

Demand for quantum-safe encryption is accelerating as regulators and large enterprises race to replace vulnerable standards before quantum threats emerge.

By Mark Tarre • 3 min read • Last month
Treasury opens cyber threat sharing for crypto firms
Firewalls

Treasury opens cyber threat sharing for crypto firms

Eligible US digital asset firms will now get Treasury cyber threat warnings at no cost, after losses from hacks topped hundreds of millions of dollars.

By Karen Joy Bacudo • 4 min read • Last month
Hapax launches AI platform to automate workplace tasks
Customer Relationship Management

Hapax launches AI platform to automate workplace tasks

Beta testing showed the platform can cut manual work quickly, completing more than 350 automations in under two weeks at one organisation.

By Sean Mitchell • 4 min read • Last month