Financial Services stories
Australia's homes face a $50bn value boost from better energy ratings, with banks needing to adapt as energy efficiency becomes vital in property valuations.
Australia must boost funding and diversify research in quantum computing to harness its benefits and tackle emerging cybersecurity risks, experts warn.
Australian SME loan applications rose 14% in Q3, driven by larger firms, amid cautious borrowing and ongoing concerns over loan serviceability.
Constantinople teams up with Paymentology to enhance Banking-as-a-Service in Australia, boosting card issuing and payment tech for local banks and fintechs.
Australian businesses face rising ransomware threats amid a 16% surge in cyber attack reports, exposing widespread unpreparedness and urging urgent security reforms.
Melbourne's Vault Payment Solutions has gained Mastercard Principal Issuer status, enabling direct card issuing and faster rollout of payment programmes in Australia.
AI-driven deepfakes are fuelling a global surge in fraud, with 77% of anti-fraud experts reporting increased incidents and 83% expecting further rises soon.
Capco joins OpenAI's Beta Services Partner Programme, gaining early access to AI tech to enhance financial and energy sector services globally.
Ant International partners with TNG Digital and easypaisa to launch AI-driven customer service, enhancing efficiency and security in Asian digital banking.
Deskpro unveils AI help desk tailored for regulated sectors, enabling on-premise deployment to meet strict data sovereignty and compliance needs.
AI adoption lags in regulated sectors like healthcare and finance, hindered by strict compliance demands unlike faster tech industry uptake.
Primer launches Primer Companion, an AI tool designed to boost efficiency by automating and optimising payment teams' operations in real time.
All UK firms surveyed plan to deploy AI agents within a year, with 65% expecting job cuts despite high risks and costly system failures reported.
Revolut Business launches Flexible Cash Funds in Singapore, offering firms up to 4.48% APY on USD balances with daily returns and easy access.
Financial firms use predictive AI combined with generative AI to meet FCA Consumer Duty, ensuring compliance and improving customer outcomes efficiently.
Yaspa won the Real-Time Payments Innovation award for its AI-powered platform that streamlines instant bank transfers and KYC verification across the UK and Europe.
Waracle has secured a multi-million-pound deal with People's Partnership to enhance digital pension services for over seven million members until 2027.
Corporate banks are streamlining deal-making by uniting fragmented systems, cutting approval times from days to hours and boosting pricing accuracy and compliance.
Dataiku has launched its Asia-Pacific and Japan AI headquarters in Singapore, enhancing support for sectors like banking, government, logistics, and education.
UK banks face credit innovation hurdles as outdated systems delay new features; modern credit platforms offer agility and growth in a fast-changing market.