Banking stories - Page 7

New Zealand's banking sector is set to launch a Confirmation of Payee feature to combat payment scams and errors starting November 2024.

A new survey by Cohesity reveals that 93% of Australians are increasingly concerned about how AI affects data security, far surpassing worries in the US and UK.

Cogo and Tandem Bank are deepening their partnership to introduce a carbon management feature in Tandem’s banking app, promoting greener consumer choices.

Banked has acquired Australian payment technology firm Waave, aiming to dominate the real-time payments market and enhance the Pay by Bank experience.

British neo-bank ANNA has launched biometric re-authentication to enhance security, requiring selfies to prevent unauthorised access to business accounts.

New Zealand's challenger bank Emerge has raised USD $12 million in Series A funding to enhance its digital banking services for local businesses.

Dipra Ray, CEO of Pyng, is on a mission to eliminate transaction surcharges across Australia, aiming to transform payments for consumers and merchants.

People First Bank has reported a 29% net profit increase to USD $41.4 million in its first year post-merger, alongside significant technological advancements.

Generative AI is revolutionising banking in Australia and New Zealand, with 79% of banks progressing beyond initial adoption stages to enhance operations.

A new report from Applause reveals nearly 100,000 digital bugs across Europe, urging companies to adopt comprehensive digital quality frameworks to mitigate issues in key domains.

Customer experience drives sustainable financial growth, risking AUD $87 billion if ignored. Digital banks leverage automation for seamless service.

Two-thirds of UK consumers see faulty software updates as unacceptable as contaminated food, following major CrowdStrike outages.

A Ping Identity survey reveals that 75% of Britons feel they lack control over their online data, fuelling concerns over privacy, fraud, and identity theft.

Trend Micro’s 2024 Cyber Risk Report highlights America as the top-risk nation, citing vulnerabilities in banking and critical infrastructure sectors.

Backbase unveils Intelligence Fabric, a major upgrade to its Engagement Banking Platform, integrating AI and data capabilities to enhance customer service and sales operations.

Experian's Risk Radar report shows Australian borrowers facing mixed challenges, with car and personal loans under intense stress, and mortgage delinquencies rising by 40%.

A new FIS survey reveals security is the top concern for online banking in Singapore, with 56% noting increased fraud attempts and millennials most affected.

Workday unveils twelve new Industry Accelerators, partnering globally to help customers modernise HR and finance across various sectors.

Climate X’s report reveals that most major banks are ill-prepared for climate risks, with only 7 of 50 meeting over half the criteria.

Kore.ai unveils GALE, a groundbreaking Generative AI and LLM platform designed to revolutionise enterprise productivity and innovation through rapid AI application development.