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Financial Services Stories - Page 209

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CyberCX report reveals long detection time for espionage
Ransomware

CyberCX report reveals long detection time for espionage

CyberCX's 2025 Threat Report reveals troubling trends, with espionage detection times rising to over 400 days and ransomware incidents surging to 38%.

By Sean Mitchell • 3 min read • Mon, 10th Feb 2025
Third-party vulnerabilities expose insurance industry risks
Firewalls

Third-party vulnerabilities expose insurance industry risks

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

By Shannon Williams • 3 min read • Fri, 7th Feb 2025
DTCC unveils ComposerX for digital assets lifecycle management
Blockchain

DTCC unveils ComposerX for digital assets lifecycle management

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

By Catherine Knowles • 3 min read • Thu, 6th Feb 2025
Puma leads $4.3m funding for legal AI firm Semeris
Fintech

Puma leads $4.3m funding for legal AI firm Semeris

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

By Catherine Knowles • 3 min read • Thu, 6th Feb 2025
UBS report: entrepreneurs eye AI for industry growth
Digital Transformation

UBS report: entrepreneurs eye AI for industry growth

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

By Sean Mitchell • 3 min read • Thu, 6th Feb 2025
HubSpot opens first Australian data centre in Sydney
Digital Transformation

HubSpot opens first Australian data centre in Sydney

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

By Shannon Williams • 2 min read • Thu, 6th Feb 2025
Dee McGrath announces retirement from MUFG, Lombardo to lead
Banking

Dee McGrath announces retirement from MUFG, Lombardo to lead

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.

By Moritz Florian • 2 min read • Thu, 6th Feb 2025
EC360 platform launches to revolutionise banking KYC
Digital Transformation

EC360 platform launches to revolutionise banking KYC

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

By Melania Watson • 3 min read • Tue, 4th Feb 2025
Ásgeir Óskarsson appointed as BSV Association chief
EduTech

Ásgeir Óskarsson appointed as BSV Association chief

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

By Imee Dequito • 2 min read • Sat, 1st Feb 2025
Underinvested and overlooked: Unlocking the true value of back-office processes with AI
Digital Transformation

Underinvested and overlooked: Unlocking the true value of back-office processes with AI

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

By Murray Campbell • 5 min read • Tue, 28th Jan 2025
Real-time KYC: Tipping the balance in corporate banking's digital revolution
Data Analytics

Real-time KYC: Tipping the balance in corporate banking's digital revolution

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

By Wayne Johnson • 6 min read • Tue, 28th Jan 2025

Stories from Other Regions

Financial Services stories

Tom Suter joins PAYSTRAX as UK regional sales director
Fintech

Tom Suter joins PAYSTRAX as UK regional sales director

PAYSTRAX has appointed Tom Suter as Regional Sales Director for the UK, aiming to boost its expansion across the UK and European markets.

By Kaleah Salmon • 2 min read • Mon, 10th Feb 2025
SAS acknowledged as leader in AI, risk & analytics
Internet of Things

SAS acknowledged as leader in AI, risk & analytics

SAS has been acknowledged by top analysts as a leader in risk management, fraud, AI, and analytics, reinforcing its critical role for financial institutions.

By Melania Watson • 2 min read • Fri, 7th Feb 2025
DCS Innov launches iChange multi-currency debit card
Fintech

DCS Innov launches iChange multi-currency debit card

DCS Innov has unveiled iChange, a Platinum Debit Mastercard with a multi-currency wallet, enhancing spending flexibility for global travellers.

By Shannon Williams • 3 min read • Fri, 7th Feb 2025
UK financial firms hit by rising supply chain cyber attacks
EduTech

UK financial firms hit by rising supply chain cyber attacks

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.

By Catherine Knowles • 3 min read • Thu, 6th Feb 2025
EU AI Act introduces new global benchmark for regulation
Surveillance

EU AI Act introduces new global benchmark for regulation

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

By Sean Mitchell • 3 min read • Sat, 1st Feb 2025
Kynd urges financial firms to boost cyber resilience
Advanced Persistent Threat Protection

Kynd urges financial firms to boost cyber resilience

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.

By Sean Mitchell • 3 min read • Fri, 31st Jan 2025
Businesses urged to prioritise AI data security measures
Physical Security

Businesses urged to prioritise AI data security measures

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

By Shannon Williams • 3 min read • Fri, 31st Jan 2025