Banking stories - Page 23

Research suggests nearly half of Asia Pacific firms plan to boost AI investments by over 20% in the next year, despite a skills gap hindering progress.

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.

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

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.

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

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%.

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.

Australia's new right to disconnect law, targeting burnout reduction, starkly contrasts with rising cyber threats, 45% of which hit outside working hours.

Commercial revenue from quantum technology is set to soar from USD $2.7 billion in 2024 to USD $9.4 billion by 2030, a new study reveals.

A survey by OutSystems and KPMG reveals that AI adoption has cut development time by up to 50% for 75% of software executives, reshaping their roles.

AI is reshaping software development, with 75% of firms reporting up to 50% faster project completion. OutSystems and KPMG reveal ongoing challenges but foresee a bright future.

Aryza Group has acquired Axcess Consulting in a strategic move to enhance its APAC presence and extend its loan management software solutions globally.

FinTech Australia announces Intersekt 2024, featuring RBA's digital currency research and fintech innovations from Bendigo Bank, AMP Bank, and NAB in Melbourne.

Australia's Senate has passed the Action Initiation Bill, empowering consumers to share data and initiate service actions through accredited providers, boosting competition.