Banking stories - Page 2

Revolut has launched an eight-week NZ campaign with All Blacks star Ardie Savea, highlighting its app’s global finance features and ease of use.

MYOB wins the Australian Financial Review’s innovation award for its Solo app, helping 1.6 million sole operators manage finances and admin with AI tools.

Banks are doubling AI budgets to 17% of IT spend by 2028, but only 20% have robust real-time data governance, reveals Tech Mahindra's global survey.

A FICO survey reveals 70% of UK consumers rank fraud protection as a top priority when choosing banks, reflecting rising security concerns.

Fraud losses in the UK rose to GBP £629.3m in early 2025 despite banks blocking GBP £870m in unauthorised fraud attempts, driven by online scams.

RecordPoint has acquired Australian AI firm Redactive to enhance its AI data security and governance solutions for regulated industries globally.

Australia sees a 17% rise in data breaches as AI-driven threats on hybrid cloud systems surge, prompting tighter APRA regulations on cybersecurity compliance.

Zepto launches Zepto Validate, a real-time account verification service in Australia to reduce payment fraud and failures with smart risk scoring.

Iron Mountain launches AI-powered InSight DXP platform to unify physical and digital data, boosting productivity and automating compliance for enterprises.

Canada unveils its first National Anti-Fraud Strategy and a Financial Crimes Agency to tackle rising fraud losses, which hit CAD $643 million in 2024.

10x Banking appoints Philip Barnett as Executive Vice Chair to drive strategic growth and global expansion, focusing on Asia Pacific markets.

RDC.AI won Best AI-Powered Platform - Vendor at the Global AI Innovation Awards 2025 for transforming banking with predictive and explainable AI.

Global scam attempts have surged 65% over the past year, with smishing rising tenfold as banks worldwide battle increasing fraud risks.

The Investing and Saving Alliance supports SMCR reforms designed to ease regulatory burdens and enhance conduct standards in UK financial services.

DBS has been named the World's Best AI Bank, recognised for its innovation and responsible AI use across retail and corporate banking services.

Global banking AI spend is forecast to hit USD $67bn by 2028 as firms focus on responsible adoption to drive strategy, innovation and risk management.

Asia-Pacific leads global mobile app growth in 2025, with installs up 11% and gaming revenues hitting USD $66.7 billion, says Adjust report.

Global financial authorities are likely to miss their 2027 target to improve cross-border payments, with costs and regulatory hurdles still impeding progress.

Appian has named Roboyo, WNS, Deloitte, Accenture, and Via Appia as winners of its 2025 APJ Partner Awards for excellence, innovation and growth in the region.

Australian banks must use AI and personalised service to rebuild trust and enhance customer experience across all age groups and regions.