Banking stories - Page 16

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

EPAM Systems is expanding its partnership with Google Cloud to deliver AI-powered solutions across media, energy, and retail sectors, driving digital transformation.

Hexaware Technologies has partnered with Amazon Web Services to enhance cloud adoption and deliver generative AI solutions across multiple sectors.

Microblink has reported robust growth in 2024, buoyed by rising demand for its identity verification solutions and expanded integration on Google Cloud.

Climate X's report reveals that most major banks are ill-prepared for climate risks, with only 7 of 50 meeting over half the criteria.

Nearly one-third of the world's largest banks now disclose AI use cases and ROI, with UK banks like Barclays and NatWest tripling AI references over the past year.

Aryza Group has acquired Axcess Consulting in a strategic move to enhance its APAC presence and extend its loan management software solutions globally.

Xero has launched the second Xero Beautiful Business Fund to help small businesses and non-profits with their expansion plans.

Xero's Beautiful Business Fund returns in 2024, offering over NZD $750,000 in funding to support small businesses and nonprofits globally in four key categories.

A new survey by OpenText Cybersecurity reveals that 92.5% of Australian executives in MSPs and MSSPs foresee significant business growth driven by AI investments in the next year.

Despite economic concerns, 46% of Australian and New Zealand SMBs plan to increase marketing spend in a bid to survive, with 48% set to raise their budgets by at least 10%, finds survey.

The banking industry is seeing a significant acceleration in AI innovation, with a rise in new patents and research publications.

Genetec has unveiled Security Center SaaS, an enterprise-grade solution expected to redefine cloud-based physical security with its comprehensive capabilities and cybersecurity measures.

BMO joins forces with tech firm Dynatrace to bolster their digital banking facilities, leading to efficient problem-solving and enhanced customer experiences.

Software solutions giant Nemetschek Group discloses investment in US start-up Briq, aiming to boost digitalisation in the construction industry with its finance automation platform.

A surge in cyber threats spurs 5G network security market's colossal growth to reach USD16 billion by 2028, a new study reveals.

Banks are dedicating more resources to responsible artificial intelligence, with a 43% staffing increase, but only six clarify their approach.

ACE Money Transfer from the UK has partnered with dLocal to strengthen their payout services across remittance hotspots in APAC and EMEA regions.

Small businesses around the world are facing some of the most challenging economic conditions in recent history, and the pressure is impacting business owners.

New Zealand small business owners are concerned that the development and adoption of AI is outpacing regulation, according to a study by Xero.