Financial institutions stories - Page 3

Europe's new anti-money laundering rules mandate AI integration, as legacy systems fail to meet rising financial crime challenges and regulatory standards.

Michaela O'Connor has been appointed Chief Growth Officer at Symcor to lead sales, marketing, and strategy, driving the company’s expansion and innovation.

Camunda appoints Ryan Shopp as Chief Marketing Officer to boost growth and enhance engagement with global enterprise clients amid rising agentic automation demand.

Europe's new AML rules mandate AI integration as legacy systems fail to detect complex financial crimes, urging banks to upgrade compliance technology now.

Hong Kong CFOs now prioritise cyber resilience as cyberattacks increasingly risk financial stability, compliance and corporate reputation across sectors.

AI-driven fraud, including synthetic identities and real-time deepfake attacks, surges in financial services, prompting urgent defence upgrades for 2026.

Abacus Group opens Dubai office in DIFC to meet soaring IT and cybersecurity demands of financial firms amid UAE's growing investment appeal.

Tech Mahindra launches i.GreenFinance, an AI-powered platform to help global financial institutions manage green loans and comply with sustainability regulations.

S-RM has named Casey O’Brien as Global Head of Incident Response to boost its 24/7 cyber security services across EMEA, APAC and North America.

Australian financial firms must strengthen Salesforce backup and restore practices to meet APRA's new CPS 230 resilience standards effective July 2025.

Latino Community Credit Union, with over 140,000 members, adopts ReconArt’s platform to automate reconciliation and enhance financial accuracy and compliance.

US banks boost AI spending to combat rising check fraud, linked to USD $12.5 billion loss, ahead of the holiday season peak in fraudulent activities.

The US, UK and Australia have sanctioned Russian web-host Media Land and its leaders for aiding ransomware attacks via bulletproof hosting services.

A survey of 1,500+ professionals reveals trust, compliance, and identity assurance as crucial for mainstream adoption of Web3 wallets and digital asset services.

BioCatch launches Connect 2.0, a platform using behavioural and device data to fight rising digital banking fraud and AI-driven financial crimes globally.

Asia-Pacific firms are rapidly adopting autonomous AI agents, raising new cybersecurity risks linked to managing AI system identities and access permissions.

Entersekt launches Orkestrate API, helping banks cut fraud risk worth USD $40 billion by simplifying digital authentication with a single integration.

AI-driven identity fraud in the UK has surged over 2,100% since 2021, with synthetic identities risking a £4.2 billion cost by 2027 without stricter screening.

Financial firms face rising fines and must adopt digital regulatory reporting to ensure compliance, cut costs and boost operational resilience in 2024 and beyond.

Cleanverse International launches a compliance-native layer in Singapore, linking verified identities to stablecoins for regulated, traceable on-chain finance.