Financial institutions stories - Page 12

Group-IB and SecurityHQ form a global partnership to integrate advanced cybersecurity solutions, enhancing SecurityHQ's SOC operations and fraud protection services.

SFIA appoints ESGpedia as the official ESG platform partner for the SAFE Initiative, aiming to enhance ESG data reporting across ASEAN through advanced technology solutions.

Kaspersky's 2024 forecast warns of heightened cyber dangers: AI-driven attacks, ransomware-as-a-service, and iOS vulnerabilities through Operation Triangulation.

Entrust's nShield 5 hardware security modules have earned FIPS 140-3 certification, ensuring rigorous data security for clients worldwide.

iManage reports a stellar year with 142 new customers including Linklaters, opening two data centres, and introducing AI-powered features and Microsoft integration.

QuantHouse partners with Quod Financial to supply low-latency data, enhancing AI-driven trading algorithms and real-time transaction cost analysis.

Transmit Security's latest report reveals a surge in AI-driven fraud scams, highlighting dark web marketplaces and tools like FraudGPT that empower even novice fraudsters.

New research by Foundry and Keepit reveals that 30% of firms lack data recovery plans for financial systems, exposing critical vulnerabilities in enterprise IT.

Siemon appoints Trey Somers as VP of Product Management to lead global product team, aiming to innovate and adapt to market needs. Somers brings 20+ years' expertise.

Rimini Street is set to revolutionise tech support in the financial sector, offering robust and cost-effective solutions for digital transformation.

It comes after a major IT outage linked to a Windows security update stopped essential services around the world, causing significant disruption.

CloudSEK reveals a surge in investment scams through WhatsApp and Telegram, with 29,000 fraudulent ads on Facebook and over 81,000 fake Twitter accounts.

Azul sees a surge in Asia Pacific, driven by Oracle's Java SE pricing changes and rising cloud costs. New bookings jumped 37% in FY24, with a 437% rise in Q1 FY25.

BioCatch's latest report reveals a dramatic shift in the APAC fraud landscape, with 70% of scams now stemming from mobile apps, highlighting new vulnerabilities.

OMS Group has secured USD $292.5 million for global expansion in subsea telecommunications from a consortium including HSBC and KKR Capital Markets.

Bank fraud is projected to reach USD $48 billion globally by 2029, a 153% surge, driven by evolving AI tactics, says Juniper Research.

Bank of China (Hong Kong) has launched a feature allowing customers to track carbon emissions via spending, thanks to a new partnership with fintech firm Cogo.

Centennial Bank partners with Newgen Software to digitise onboarding, enhancing customer experience with a streamlined, low-code automation solution.

A new report by Signicat and Consult Hyperion reveals the growing threat of AI-driven identity fraud across Europe, urging financial institutions to boost their defences.

Currencycloud and Pyvio are partnering to enhance cross-border payment solutions for Chinese eCommerce businesses, aiming to simplify transactions in emerging markets.