Financial institutions Stories - Page 21

Global Stories

Financial institutions stories

Puma leads $4.3m funding for legal AI firm Semeris

Puma Growth Partners has led a $4.3 million funding round for Semeris, enhancing its AI tools for financial institutions navigating complex legal documents.

By Catherine Knowles • 3 min read • Thu, 6th Feb 2025

Physical Security

artius.iD welcomes Jeffrey Keplar to advisory board

Artius.iD has appointed Jeffrey Keplar to its Board of Strategic Advisors, aiming to bolster cybersecurity for global financial institutions amid rising digital threats.

By Moritz Florian • 2 min read • Thu, 6th Feb 2025

Physical Security

AI-fuelled bank scams rise, impersonating officials with ease

A recent report reveals that criminals are increasingly employing artificial intelligence to enhance bank scams, making them harder to detect.

By Shannon Williams • 3 min read • Fri, 31st Jan 2025

Blockchain

Ondo Finance launches tokenised US Treasuries on XRP Ledger

Ondo Finance has unveiled tokenised U.S. Treasuries on the XRP Ledger, boosting institutional access to short-term securities via Ripple USD.

By Melania Watson • 3 min read • Wed, 29th Jan 2025

Data Analytics

Real-time KYC: Tipping the balance in corporate banking's digital revolution

As corporate banking undergoes a digital transformation, real-time KYC processes powered by Corporate Digital Identity are set to significantly enhance operational efficiency.

By Wayne Johnson • 6 min read • Tue, 28th Jan 2025

Quantum Computing

AI revolutionising financial crime detection by 2025

The future of financial crime prevention is being reshaped by AI and quantum computing, presenting both opportunities and risks, says Efficient Frontiers International.

By Shannon Williams • 4 min read • Mon, 27th Jan 2025

Data Analytics

Backbase highlights banking trends shaping the industry in 2025

Backbase forecasts a USD $1 trillion transformation in banking by 2025, urging traditional banks to innovate or face a 30% market share loss to digital rivals.

By Kaleah Salmon • 3 min read • Tue, 14th Jan 2025

Financial institutions

Morgan Stanley partners with Wise to boost FX settlements

Morgan Stanley has partnered with Wise to enhance its foreign exchange settlement capabilities, marking a first for an investment bank in this area.

By Kaleah Salmon • 2 min read • Thu, 26th Dec 2024

Firewalls

Radware strengthens AI security for top Italian bank

Radware is boosting its AI-driven security services for one of Italy's top five banks, aiming to combat rising cyber threats and comply with EU regulations.

By Melania Watson • 3 min read • Fri, 20th Dec 2024

Cartech

Stefan Krause joins artius.iD as strategic advisor

Security and digital ID firm artius.iD appoints Stefan Krause, ex-CFO of BMW and Deutsche Bank, to its Board of Strategic Advisors amid growing cybersecurity challenges.

By Imee Dequito • 2 min read • Thu, 19th Dec 2024

Robotic Process Automation

Pegasystems unveils AI-driven Pega Smart Investigate update

Pegasystems has unveiled the latest Pega Smart Investigate Enterprise Edition, enhancing banks' capabilities in processing payment exceptions with AI automation.

By Melania Watson • 3 min read • Thu, 12th Dec 2024

Stories from Other Regions

Financial institutions stories

Customer Experience

Lombard Odier partners with MongoDB for AI tech upgrade

MongoDB and Lombard Odier have teamed up to revolutionise the Swiss bank's core banking systems, leveraging generative AI for faster application migration.

By Sean Mitchell • 3 min read • Thu, 6th Feb 2025

Risk & Compliance

Azul ensures Java solutions comply with DORA EU standards

Azul has confirmed that its Java solutions now meet the European Union's Digital Operational Resilience Act (DORA) requirements, aiding financial institutions in compliance.

By Catherine Knowles • 3 min read • Wed, 22nd Jan 2025

Data Protection

DORA compliance deadline impacts EU financial sector

The deadline for the EU's Digital Operational Resilience Act has arrived, pushing financial institutions to enhance their cybersecurity and compliance practices.

By Sean Mitchell • 3 min read • Sat, 18th Jan 2025

Risk & Compliance

Citi & Barclays invest in Validis for banking innovation

Citi and Barclays have invested in Validis to boost banking innovation, focusing on automated data standardisation for improved lending processes.

By Kaleah Salmon • 2 min read • Fri, 17th Jan 2025

Advanced Persistent Threat Protection

Azul's OpenJDK solutions comply with EU's DORA standards

Azul has secured compliance for its OpenJDK solutions with the EU's DORA standards, bolstering digital resilience for financial institutions ahead of the 2025 deadline.

By Catherine Knowles • 2 min read • Fri, 17th Jan 2025

Crypto

Kobble unveils platform to revolutionise finance in Australia

Kobble has unveiled a new Embedded Finance Platform designed to tackle inefficiencies in Australia's financial sector caused by failed IT projects.

By Catherine Knowles • 3 min read • Thu, 26th Dec 2024

Document Management

Futurex partners with Cake to launch cloud payment system

Futurex has teamed up with Cake, Vietnam's leading digital bank, to launch the country's first fully cloud-based Card Management System.

By Catherine Knowles • 3 min read • Thu, 26th Dec 2024

Cybersecurity

Digital resilience rules for ICT providers from 2025

The Digital Operational Resilience Act will come into force on 17 January 2025, impacting ICT providers linked to the financial services sector.