Banking stories
Banks and public bodies in 21 countries face device-takeover fraud that can steal SMS codes, biometric data and funds.
The hire is meant to sharpen the consultancy's North American push as clients demand clearer returns from AI and transformation spending.
The acquisitions expand climate risk analysis for investors and governments as firms move beyond outdated historical models to scientific evidence.
Banks and payment providers could cut fraud losses by up to 40% as the new system flags risky merchants earlier in the payment chain.
Banks face wider compliance burdens as regulators scrutinise AI-generated messages, collaboration tools and cloud records across finance.
Indian travellers in Central Asia will soon be able to pay merchants with UPI, easing checkout friction across Kazakhstan, Uzbekistan and Kyrgyzstan.
The tie-up should cut delays and make cross-border currency costs more predictable for Aspire’s 50,000 business customers.
Banks are being urged to watch for fraud and exploitation patterns as the 2026 World Cup is expected to fuel risky cross-border payments.
Insurers face tighter pricing pressure as offshore wind farms in Europe expand into deeper waters and more exposed storm regimes.
A 1,151% jump in iOS injection attacks in late 2025 has put mobile identity checks under fresh pressure, iProov says.
Rising demand for AI research tools has pushed AlphaSense to add multilingual search and deepen local content for clients across both regions.
Round-ups of coffee and grocery buys could lift KiwiSaver balances by nearly USD $1,000 a year without changing budgets.
Almost nine in 10 New Zealanders worry about online identity theft as Experian says fraud losses and AI scams are climbing.
The app’s 3 million users will see no immediate changes as ownership shifts to Bolt Group, with the deal due to complete by June.
Beta testing showed the platform can cut manual work quickly, completing more than 350 automations in under two weeks at one organisation.
Regulated financial data made up 59% of generative AI policy breaches, as banks and insurers race to use the tools under tighter scrutiny.
Managed AI tools are gaining ground in finance, yet regulated data still drives most policy breaches as staff mix personal and corporate accounts.
The appointment comes as Australia’s fintech sector pushes for rules that could lift its economic contribution from $13.6 billion to $38 billion by 2035.
Fraud is eroding trust in digital services, with 56% of Australians saying they have already suffered online scams or identity theft.
Financial institutions could cut manual checks as a Fujifilm-DoxAI tool scans identity and income records for fraud in New Zealand.
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