Financial Services stories - Page 54

Financial firms widely adopt generative AI beyond chatbots, enhancing fraud detection and cybersecurity despite concerns over skills and security risks.

Australian firm ORCA Opti has launched an AI system to help SMEs cut costs on cyber threats and compliance by integrating key business functions seamlessly.

Seagate launches 30TB Exos M and IronWolf Pro drives, boosting scalable AI-ready storage for data centres amid rising global demand and data laws.

TCS reported USD $7,421m revenue in Q1 FY26, highlighting gains in AI and cybersecurity despite a slight year-on-year revenue decline.

ASIC's new rules mandate insurance brokers to obtain and record client consent before commissions, sparking a rise in digital consent management tools across Australia.

Legacy IT systems hamper security and performance, forcing firms to choose between protection and agility amid rising hybrid work and regulatory demands.

Experian and Stryd have teamed up to offer Australian mortgage brokers enhanced client insights using open banking data and product pricing.

Celonis and Bright Cape launch Smart KYC Control Tower app to help financial firms cut costs, boost compliance and improve customer experience in KYC processes.

A major Australian financial institution lost A$23m from unauthorised transactions, prompting a nationwide push to prioritise trust and fraud prevention in 2024.

Keymous+, a North African hacker group, has claimed over 700 DDoS attacks since 2023, blurring lines between hacktivism and commercial cyber operations.

MUFG Pension & Market Services partners with Microsoft in a five-year deal to harness AI for enhancing superannuation and investor services internationally.

Prudential harnesses AI to speed up content creation by 70%, blending modern tech with brand ethics to engage customers more effectively.

Appian has been named on FinTech Global's 2025 AIFinTech100 list for pioneering AI-driven solutions that transform banking, compliance and financial services workflows.

Zepto's new PayTo Index reveals AUD $612m in real-time payments with over 1 million transactions, marking a shift from Australia's legacy BECS system.

NetFoundry pioneers native zero-trust networks to securely orchestrate autonomous vehicles during emergencies, preventing cyberattacks and ensuring swift response.

GoCardless appoints Ian Boyd as GM for Australia and New Zealand to drive growth amid rising adoption of PayTo and changes to payment infrastructure.

VentureCrowd has appointed Jesse Arundell to its Advisory Board to lead AI-driven innovations in private capital markets, aiming to cut fundraising times significantly.

Talon.One has raised $135 million to advance its AI-powered loyalty platform, serving over 270 global brands including H&M and Adidas.

The Isle of Man and EDM Council launch a global framework treating data as a capital asset to boost value, investment, and innovation in the data economy.

CareSuper partners with Macquarie Cloud Services to migrate its AUD $57 billion tech infrastructure from AWS to Microsoft Azure for cost-effective modernisation.