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Financial institutions stories

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UK banks face rising fraud losses as organised crime outpaces them
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UK banks face rising fraud losses up to GBP £40 million as criminals outpace detection despite growing use of behaviour-based analytics and increased tech spending.
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AI deepfakes drive surge in cyberattacks, threatening trust online
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AI-driven deepfakes fuel a rise in cyberattacks, tricking users with fake ads and video calls, risking billions in financial losses worldwide.
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Thai organisations face surge in cyberattacks after border clash
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Cyberattacks on Thai organisations have surged following a deadly border clash with Cambodia, with hacktivist group AnonSecKh claiming dozens of attacks since March 2025.
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CloudTech raises AUD $14 million to launch digital asset custody
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CloudTech Group raises AUD $14 million, largely in Bitcoin and USDT, to launch institutional digital asset custody and expand its blockchain platform.
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KX & NVIDIA launch AI Banker Agent to boost global trading
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KX and NVIDIA have launched the AI Banker Agent, an AI system designed to enhance real-time decision-making and client service in global trading markets.
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Denodo earns Snowflake financial services competency
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Denodo has earned the Snowflake Financial Services Competency, recognising its expertise in secure data management for banking, capital markets, and insurance.
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APAC financial sector faces 245% surge in DDoS attacks, report finds
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Financial institutions in APAC faced a 245% surge in DDoS attacks last year, accounting for 38% of global incidents amid rising digital vulnerabilities.
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Third-party cyber breaches surge 25% in Europe’s top banks
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Third-party cyber breaches at Europe’s top 100 banks surged 25% last year, exposing systemic weaknesses in their digital supply chains under rising regulation.
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Snowflake to acquire Crunchy Data to enhance Postgres for AI
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Snowflake announces plans to buy Crunchy Data, aiming to enhance its AI Data Cloud with an enterprise-ready PostgreSQL platform for AI applications.
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Lextech strengthens leadership to manage AUD $6 billion growth
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Lextech appoints David Hobley CTO and Theo Tragoudistakis CFO to support AUD $6 billion growth in mortgage processing and legal services in Australia.
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Taurus & Parfin join forces to boost digital assets in Europe
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Taurus partners with Parfin to enhance digital asset custody and trading infrastructure, aiming to boost institutional adoption across Europe and Latin America.
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FICO & AWS expand AI decision platform via marketplace
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FICO and AWS have teamed up to expand global access to AI-driven decision workflows, now available via AWS Marketplace Private Offers.
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Salesforce launches Agentforce AI agents for financial services
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Salesforce launches Agentforce for Financial Services, offering AI agents to automate tasks and boost personalised client engagement in banks and insurers.
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NextWave & Diffblue join forces to transform testing in finance
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NextWave Consulting and Diffblue team up to revolutionise software testing for financial firms, tackling delays and boosting test coverage with AI technology.
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BioCatch & The Knoble launch toolkit to bolster scam defences
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BioCatch and The Knoble have launched a toolkit to help banks quantify losses and build a business case for stronger authorised push payment scam prevention.
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First-party fraud now top global threat, outpacing scams
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First-party fraud now tops global cyberattacks, rising to 36% of cases in 2024, according to LexisNexis Risk Solutions’ Cybercrime Report.
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BioCatch appoints Andreas Dombret to aid global expansion
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BioCatch appoints Andreas Dombret as senior advisor to boost global growth and fight financial crime with innovative technology.
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Extend launches open-source AI toolkit for smarter financial data
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Extend launches open-source AI toolkit enabling businesses to enhance spend analysis and automate workflows via API integration with major AI frameworks.
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Live AI interpretation bridges language gap at Consensus 2025
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Interprefy enhanced multilingual communication at CoinDesk Consensus 2025 in Hong Kong with AI-driven captions and live English-Mandarin interpretation for 500+ attendees.
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Singapore Election a hotbed for cyberactivity: Are businesses ready?
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Singapore braces for increased cyber threats as General Election nears, with businesses urged to strengthen defences amid rising geopolitical tensions.