Financial Services stories - Page 51

Cyberattacks on the financial sector have surged 25% in 2024, with phishing leading and nearly half of employees prone to clicking malicious links.

VECTEC launches VECTEC Networks, a specialist division led by new CEO Jack McEvoy, enhancing enterprise networking and security with expert-led services.

Firebolt has launched a new hub in Singapore to support rising demand for real-time data analytics and AI solutions across the Asia Pacific region.

Australian firms face rising IT outages and trust drops, making automation and AI vital for resilience ahead of APRA's CPS 230 compliance by July 2025.

AI crawlers now account for 80% of bot traffic, with Meta leading, placing huge strain on web resources and raising concerns over data bias and security risks.

Adaptiv has named co-founder Nikolai Blackie as CTO to lead AI-driven growth and expand its data integration services across Australasia.

Zoom has integrated its AI Virtual Agent with Zoom Phone, launched Zoom Hub, and enhanced AI tools to streamline meetings and workplace collaboration worldwide.

Cloudera thrives on AI and hybrid cloud growth, aiding clients in regulated sectors while balancing innovation and cost across global markets.

AMP and UNSW Sydney have partnered to advance responsible AI in financial services, enhancing retirement planning support for Australians.

ISG has sold a 75% stake to Shaw and Partners for NZD $67.5 million, marking a major step in its growth and partnership with Switzerland's EFG International.

Aerospike launches expression indexes to boost AI workload efficiency, cutting memory use and speeding queries in real-time NoSQL database applications.

MetaComp has completed the first cross-border payment using its CNT Carbon Stablecoin, enabling same-day EUR to CNH settlement with embedded carbon credits.

Over 74% of Asia Pacific youth prefer digital apps for remittances, valuing speed and trust over fees, reveals Visa's report covering 20 countries.

Commonwealth Bank teams up with OpenAI to enhance AI-driven banking, focusing on fraud prevention and personalised services for Australian customers.

Finastra and NTT DATA have expanded their partnership to enhance cloud-based lending services for banks in MAAP and LATAM, improving speed and operational efficiency.

The RBA's rate cut brings cautious optimism as Australians boost spending on essentials like groceries and pharmacy amid economic uncertainty.

NTT DATA and Google Cloud partner globally to fast-track agentic AI adoption, co-developing cloud-native solutions for sectors like banking and healthcare.

Over 90% of Australian firms will adopt agentic AI within six months, driving investments to USD $12.3 billion by 2028 and reshaping business operations.

Smart Communications acquires Pendula to enhance AI-driven orchestration, boosting customer engagement across SMS, email, WhatsApp, and RCS in regulated sectors.

AI adoption in Australia and New Zealand surges, with 21% noting gains despite a skills shortage delaying digital transformation and product development.