Banking stories - Page 3

BioCatch warns of increasing trend of fraudsters using AI to personalise scams across Europe, with digital fraud and financial crime escalating. Meanwhile, the UK sees notable drop in voice scams.

Despite a global downturn in AI start-up investments, banks marked a 45% surge in 2023, with emphasis on bolstering regional AI capabilities.

The Bank of England's IT spending has surged by 12% to £98.8m, eliciting criticism amid rising expenses on tech salaries and bonus payouts.

Voice recognition technology is predicted to accelerate Australia's customer experience revolution, offering streamlined, secure, and personalised interactions across industries.

London's Finkr consultancy launches today, pledging to transform the fintech sector with its forward-thinking strategy and advanced tech solutions.

NormCyber, a Fareham-based risk management firm, rolls out an Incident Response Readiness Assessment service to combat a 64% rise in cyber incidents by simulating attacks and fine-tuning their response.

UK fintech firm Griffin successfully secures $24m funding and green light from PRA and FCA, becoming a fully operational bank.

London's Ripjar launches Compliance CoPilot, an AI-risk management assistant, aiming to revolutionise threat monitoring.

Netsafe forms a coalition with CYBERA, Dolla, and Akahu to aid New Zealanders in recovering funds lost to scams, targeting banking, crypto, and telecom sectors.

Bank Muamalat Malaysia reveals major digital transformation with Google Cloud and Trinitium, adopting a fully cloud-based model to provide personalised, digital Islamic banking services.

Genetec debuts innovative Security Center SaaS, a cybersecurity-focused unified service that integrates advanced physical security technology.

DCI Indonesia has launched its E1 Tier IV data centre in central Jakarta, offering high service quality and latency benefits to clients across sectors like banking, telecoms, manufacturing, and state-owned firms.

Lenovo's latest report highlights a 46% CAGR in ANZ's AI market, with 83% of CIOs confident about its competitive advantage; however, they note GenAI's significant data reliance and AI skill shortage as challenges.

Sendbird's new AI chatbot provides affordable AI solutions for small and medium businesses, offering seamless integration and obviating the need for technical resources for implementation.

SAS Customer Intelligence 360 achieves top status in The Forrester Wave: Real-Time Interaction Management, Q1 2024, reinforcing its crucial role in delivering hyper-personalised customer experiences.

Australia's newest bank, Avenue Bank, revolutionises the bank guarantee market by digitising traditionally lengthy processes, benefiting landlords and small to medium-sized businesses.

Genetec has unveiled Security Center SaaS, an enterprise-grade solution expected to redefine cloud-based physical security with its comprehensive capabilities and cybersecurity measures.

London-based Orbus is redefining the global digital landscape, with CEO Gareth Burton leading the company's mission to help businesses navigate complex digital transformations.

NextGen's digital lending technology, specifically its Verification of Identity service, NextGenID, boosts home loan approval efficiency, reducing approval times by 25% on the ApplyOnline platform.

European Parliament's core groups ratified a landmark AI Act, potentially forming the world's first legislation on artificial intelligence technology usage, ahead of April's vote.