Financial Services stories - Page 6

A report reveals that 59% of cyber breaches in the top 150 insurance firms stem from third-party attacks, exposing serious supply chain vulnerabilities.

New research shows that 58% of large UK financial services firms faced third-party supply chain attacks in 2024, with nearly a quarter seeing multiple incidents.

The Depository Trust & Clearing Corporation has unveiled ComposerX, a groundbreaking suite aimed at streamlining digital asset management for financial firms.

Puma Growth Partners has led a $4.3 million funding round for Semeris, enhancing its AI tools for financial institutions navigating complex legal documents.

UBS has launched its first Global Entrepreneur Report, revealing that 62% of entrepreneurs see AI as their greatest business opportunity amidst economic uncertainties.

HubSpot has launched its first data centre in Australia, enabling local businesses to enhance performance and data sovereignty while meeting compliance needs.

MUFG Pension & Market Services announces CEO Dee McGrath will retire on 30 June 2025, with Frank Lombardo appointed to lead its Australia and New Zealand operations.

Encompass has unveiled its EC360 platform to revolutionise corporate client verification in banking, addressing outdated processes amid rising competition.

The BSV Association has appointed Ásgeir Óskarsson as its new Managing Director, bringing over ten years of expertise in finance, insurance, and blockchain.

The European Union's Artificial Intelligence Act will take effect on 2nd February, banning high-risk AI uses like facial recognition and social scoring.

KYND, a London-based insurtech firm, urges the financial services to enhance long-term cyber resilience as the EU's Digital Operational Resilience Act takes effect.

CMTG has advised Australian businesses to assess privacy and data risks before integrating AI tools like Microsoft Copilot, as data protection becomes essential.

In the financial services sector, back-office operations are often neglected, yet innovations in AI could unlock their vital potential for driving growth.

As corporate banking undergoes a digital transformation, real-time KYC processes powered by Corporate Digital Identity are set to significantly enhance operational efficiency.

Keyless has secured an additional USD $2 million, raising total funding to USD $10 million, to enhance its biometric services and expand in North America.

French platform Pigment has partnered with Deloitte to deliver AI-driven planning solutions, enhancing corporate agility amid rapid market changes.

In 2024, AI innovations are set to revolutionise sectors like finance and public services, predicting substantial changes and savings of up to GBP £200 billion by 2025.

The Kentico Site of the Year 2024 Awards have celebrated 30 exceptional digital projects, demonstrating the platform's growing impact across various industries.

ManyPets has appointed Shane Larkin as its new Chief Marketing Officer, focusing on enhancing its pet insurance offerings amid rising care costs.

Infoblox has strengthened its New Zealand team by appointing two senior executives to meet rising demand for its cloud networking and security services.