Financial institutions stories - Page 6

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

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

Financial firms are embracing AI with a focus on trust, using it to enhance customer service and support staff, not cut jobs, amid growing governance concerns.

Nearly 80% of financial firms have neglected to verify exit plans of cloud and SaaS providers, risking major disruption in their technology supply chains.

UK firm Verifymy teams up with k-ID to integrate email-based age checks into developer toolkit, enhancing online safety for children amid growing global regulations.

Visa partners with Nium to pilot stablecoin settlement, enabling near-real-time cross-border payments and reducing traditional delays and costs.

A China-linked group launched a major AI-driven cyber-espionage campaign targeting global firms, performing 80-90% of hacking with minimal human input.

Mizuho Bank has launched a Boomi-based platform to streamline payments and ensure ISO 20022 compliance across Asia Pacific, cutting onboarding to weeks.

QuSecure appoints Garfield Jones as Senior VP to advance quantum-safe security, leveraging his US federal cybersecurity and post-quantum cryptography expertise.

Synology launches PAS7700, a dual-active all-NVMe storage system, offering secure, high-performance, and highly available data access for AI-driven enterprises.

Nearly half of financial firms struggle to scale AI fully due to data silos and security concerns, despite widespread adoption and hybrid deployment strategies.

Backbase wins the 2025 Datos Impact Award for its AI-driven platform revolutionising wealth management with faster onboarding and personalised digital advice.

Global ransomware attacks surged 28% in September, with Industrials hardest hit, as cyber criminals ramp up efforts ahead of the busy holiday season.

Azul and ActiveViam have launched a solution that cuts cloud analytics costs by up to 50%, enhancing performance for financial firms handling large-scale data.

IBM launches Digital Asset Haven, a secure blockchain platform for institutions, combining advanced custody features across 40+ blockchains from late 2025.

Pave Bank secures USD $39 million to expand its programmable banking platform, merging traditional finance and digital asset management for institutions.

Australia sees a 17% rise in data breaches as AI-driven threats on hybrid cloud systems surge, prompting tighter APRA regulations on cybersecurity compliance.

Fortinet has launched its first Secure Access Service Edge point of presence in Auckland, enhancing cybersecurity and connectivity for New Zealand businesses.

10x Banking appoints Philip Barnett as Executive Vice Chair to drive strategic growth and global expansion, focusing on Asia Pacific markets.

Global scam attempts have surged 65% over the past year, with smishing rising tenfold as banks worldwide battle increasing fraud risks.