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Financial services organisations news stories

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Cloudera
Overcoming hybrid and multi-cloud challenges to drive innovation
Driven by improvements in technology, financial services companies have advanced both internal and external systems and processes, with the likes of digitisation, personalisation and risk management redefining the industry.
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Infrastructure
Nutanix study reveals financial services sector lagging with multicloud adoption
Nutanix has released new research that reveals the financial services sector is lagging behind when it comes to multicloud adoption.
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Cybersecurity
New precedent for cybersecurity after legal judgement of RI Advice
In an Australian first, the Federal Court has found that RI Advice failed to adequately manage cybersecurity risks.
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Data Protection
FiVerity, Fortanix and Intel launch fraud prevention initiative
“Confidential Computing is an initiative that requires leaders across the hardware and software industries in order to be successful."
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Fintech
InterSystems releases suite of financial services solutions
InterSystems has announced the release of a suite of new solutions to facilitate improvements for financial services organisations.
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SaaS
Thorn Financial merges with Limelight to create new fintech
Thorn Financial Services has announced a merger with Limelight Software, a vehicle dealership management software provider, to form Limelight Group.  
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Financial services organisations
InterSystems says data democratisation a missed opportunity
InterSystems has found that financial services organisations are missing the opportunity to democratise data to achieve new levels of innovation.
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Robotic Process Automation / RPA
RPA under-utilised in APAC financial services sector
The report finds that there is significant disparity of robotic process automation adoption within Asia Pacific’s financial services industry.
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Hazelcast
Businesses struggling to unify data assets for customer engagement
79% of retail and financial services companies struggle to harness real-time data and combine it with historical data to gain better insights.
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Cloud
Microsoft Cloud for Financial Services general availability
Microsoft has announced Microsoft Cloud for Financial Services will be generally available beginning November 1, 2021. 
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Cloud
Snowflake rolls out data cloud for financial services market
Banking, insurance, fintech, and investment management customers, and others in the financial services industry, can now utilise Snowflake's Financial Services Data Cloud.
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Cybersecurity
Financial services organisations spend over $2.62 million on ransomware recovery
Mid-sized financial services organisations in Asia Pacific and Japan spent more than US$2.62 million on average recovering from ransomware attacks. 
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Imperva
What are the top five threats to financial services orgs? Imperva investigates
The pandemic has driven large scale growth in online banking, dramatically increasing the volume of sensitive customer data that’s available to steal, Imperva states.
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Financial services organisations
COVID-19 accelerating rapid growth of Asia Pacific regtech sector
Regulatory technology in the Asia Pacific is facing a difficult challenge of bridging the divide between developed and developing economies in the region.
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Financial services organisations
FSOs rank mistakes & manual processes as biggest data reconciliation challenges
28% of financial services organisations say mistakes are their biggest data reconciliation pain points, particularly as more staff work from home.
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Fintech
Traditional banks under pressure to rise to fintech competition
"There is no one-size-fits-all approach, and banks cannot create all digital subsidiaries equally. Players capable of achieving long-term growth and profitability today will be tomorrow's fintech-era success stories."
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Cloud Banking Solutions
IBM launches dedicated cloud services for financial services sector
The platform brings a focus on data security delivered with IBM’s confidential computing and encryption capabilities.
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DevOps
Financial services and insurance businesses survive challenges thanks to DevOps
While 2020 was one of the most challenging years for every business, those in financial services and insurance have fared better than most.
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Gartner
Three security essentials for financial services
Financial services organisations must provide the best possible customer experience in terms of mobile and online application availability, performance and security, writes Gigamon country manager for A/NZ George Tsoukas.
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Compliance
Akar Inti Teknologi ensures Indonesian FSIs advance cryptographic capabilities
A new partnership between two premier service providers will make securing data easier across the region. 
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Hybrid Cloud
FSIs use private cloud as 'stepping stone' towards ideal hybrid cloud
50% of financial services organisations (FSI) respondents say they have boosted their investment in hybrid cloud as a direct result of the pandemic.
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Artificial Intelligence
AI go-to investment for financial services sector, spend increases to US$4.29bn
The spending on AI by the financial services sector in Asia/Pacific is estimated to grow at a compound annual growth rate (CAGR) of 22.1% in the 2019 - 2024 period to reach US$4.29 billion in 2024.
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Microsoft
Financial services companies investing in innovation like never before
"As FSIs continue to forge ahead in a post-pandemic world, lasting transformation will only take place if FSIs alongside investments in technology, prioritise people and culture, as they are key to ensuring greater collaboration and continuous transformation."
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Cybersecurity
Financial firms exposing data through mismanaged access controls - Varonis
Almost two-thirds of the analysed firms leave more than 1000 sensitive files open for every employee to access.