Banking stories - Page 14

The banking industry is seeing a significant acceleration in AI innovation, with a rise in new patents and research publications.

Rapid rise in cybercrimes forces urgent global reappraisal of security strategies in government, defence, and IT sectors amid projections of cybersecurity services market growing to $445.3bn by 2032.

Prolific introduces a first-of-its-kind Participant Wellbeing report, advocating for ethical human data use in AI and academic research, following controversies over AI tasker exploitation.

Emerge, a disruptive platform aimed at revolutionising New Zealand's business banking landscape, has launched.

Pioneering fertility treatment provider Genea Fertility partners with payment company GoCardless to offer flexible payment options, making IVF and egg freezing more accessible to Australians.

Autonom8 unveils a GenAI-backed vKYC platform for India's telecommunications and banking sectors, promising advanced customer compliance onboarding with robust fraud detection.

Embedded finance provider, Paynetics, acquires UK's leading impact neobank, Novus, to strengthen environmental, social, and governance objectives.

Angel Investment Network's 2024 survey reveals that Angel investors' motivations shift towards positive impact over financial gain, highlighting new trends and potential pitfalls for start-ups.

FICO's study reveals prolonged fears of identity theft among Indonesians, as 36% remain anxious, heightening vulnerabilities to financial loss and credit damage amid growing risks from real-time payments.

BioCatch warns of increasing trend of fraudsters using AI to personalise scams across Europe, with digital fraud and financial crime escalating. Meanwhile, the UK sees notable drop in voice scams.

Celonis and Sailfin Technologies unveil AI-driven suite to optimise AR operations, promising enhanced cash flow, greater productivity, and potential million-dollar savings.

Despite a global downturn in AI start-up investments, banks marked a 45% surge in 2023, with emphasis on bolstering regional AI capabilities.

The Bank of England's IT spending has surged by 12% to £98.8m, eliciting criticism amid rising expenses on tech salaries and bonus payouts.

BioCatch has joined forces with Google Cloud to combat soaring financial cybercrime in Southeast Asia with real-time biometric intelligence solutions.

Voice recognition technology is predicted to accelerate Australia's customer experience revolution, offering streamlined, secure, and personalised interactions across industries.

The Regional Investment Corporation (RIC) and Infosys Finacle have successfully launched the SaaS-based Finacle Digital Lending Solution, streamlining RIC's operations and lowering costs.

London's Finkr consultancy launches today, pledging to transform the fintech sector with its forward-thinking strategy and advanced tech solutions.

Accountants and bookkeepers are poised to unlock lucrative opportunities by venturing into the overlooked professional services advisory sector.

A recent study indicates concerning financial habits among Southeast Asians, underscoring the urgency to enhance financial literacy and implement comprehensive planning initiatives in the region.

UK charity Challengers leverages bluQube's cloud-based accountancy software to streamline financial operations, aiding in time-saving, efficiency, and facilitating strategic decision-making tasks.