Financial Services stories
Allianz Insurance Australia is advancing AI use cautiously, balancing innovation with regulation, data quality, and trust to reshape its claims processes.
NSW's tech sector aims to add over 562,000 jobs by 2035, boosting its economic contribution to AUD $54bn, driven by growth in AI, fintech and cybersecurity.
Ecommpay teams up with humm to offer flexible finance up to GBP £3,000 for UK merchants, boosting sales in travel and high-value retail sectors.
Tata Communications unveils Voice AI platform for real-time, multilingual fintech chats, enhancing speed, security, and seamless automation in financial services.
Org Group has taken a minority stake in Irish start-up HappyPath Labs to expand its reach in AI-driven customer experience technology for contact centres.
Organisations using NiCE's AI-driven CXone Mpower platform report faster response times, better service quality, and improved staff efficiency across sectors.
Atturra joins Oracle's enhanced partner programme to boost digital transformation and support clients migrating to Oracle Cloud across various sectors in Australia and NZ.
New data shows Vietnam charges Kiwi travellers the highest ATM fees globally, with average third-party costs of 27.1% per withdrawal, the biggest worldwide.
JAVLN has raised AUD $6 million to advance AI integration and expand its cloud-based insurance software across Australia and New Zealand.
Snowflake unveils Cortex AI for Financial Services to unify data ecosystems, enabling secure AI model deployment and integration with top industry platforms.
Elemental Concept has appointed Chris Mitchell as Managing Director APAC to drive its expansion and digital transformation services across the Asia-Pacific region.
Financial services excel at preventing cyber vulnerabilities but take a median 61 days to fix issues, risking systemic exposure despite strong security programs.
Nearly three-quarters of UK and Ireland consumers now trust AI assistants, with 79% confident chatbots provide reliable help, says IBM study.
Chainlink and 24 major banks collaborate to reduce $58 billion global corporate actions costs, using AI and blockchain for real-time data sharing and automation.
Almaviva and Fabrick will develop the European Central Bank's Digital Euro app in a EUR €153M deal, aiming for secure digital payments across the EU.
AI could boost New Zealand's economy by NZD $36 billion, as Google advances digital infrastructure with the Honomoana subsea cable and AI initiatives.
The Toronto-based company now offers Ontario entrepreneurs online incorporation, bundling business registration and banking in one seamless digital service.
Enterprises using Hitachi Vantara's VSP One reported a 285% ROI and USD $1.1 million value, with benefits realised in just seven months, says Forrester.
UK banks lead in AI adoption with GBP £1.8bn planned investment, but 63% have yet to see significant business gains from these technologies.
AI adoption is forecast to widen the gender skills gap in the UK's GBP £1 trillion tech sector, raising concerns over equality in emerging industries.