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Financial institutions stories

SBS launches AI foundation for banks on existing systems
Software-as-a-Service

SBS launches AI foundation for banks on existing systems

The rollout could help more than 1,500 institutions use generative AI on trusted in-house data without disrupting core banking operations.

By Karen Joy Bacudo • 3 min read • This month
Elastic finds AI-assisted banking fraud ring in Mexico
Crypto

Elastic finds AI-assisted banking fraud ring in Mexico

A live fraud campaign targeting Mexican banks, fintechs and crypto services exposed how criminals are using generative AI to draft malware.

By Mark Tarre • 4 min read • This month
ThetaRay appoints Santander veteran to strategy role
Fintech

ThetaRay appoints Santander veteran to strategy role

The hire brings Santander compliance expertise into ThetaRay as banks face tougher anti-money laundering oversight and demand proof their controls work.

By Karen Joy Bacudo • 4 min read • This month
Damisa appoints Nick Watkins as Chairman ahead of raise
Fintech

Damisa appoints Nick Watkins as Chairman ahead of raise

The cross-border payments company is seeking stronger governance and operational depth as it readies a Series A fundraising round.

By Sofiah Nichole Salivio • 3 min read • This month
MDOTM raises USD $27 million to expand AI platform
Software-as-a-Service

MDOTM raises USD $27 million to expand AI platform

The funding will help MDOTM hire and expand overseas as demand grows for AI tools that cut manual portfolio work at financial firms.

By Karen Joy Bacudo • 4 min read • This month
Visa strengthens AI defences amid new era of cyber threats
Data Protection

Visa strengthens AI defences amid new era of cyber threats

Visa is pouring billions into AI defences as regulators demand safer, auditable systems to counter faster cyber threats and fraud.

By David Shilovsky • 6 min read • This month
Trading Technologies adds market replay surveillance
Risk & Compliance

Trading Technologies adds market replay surveillance

Exchanges and regulators get a 90-day playback of order books, as Trading Technologies expands its surveillance tools across asset classes.

By Karen Joy Bacudo • 3 min read • Last month
Prove & Baselayer team up on business verification
Fintech

Prove & Baselayer team up on business verification

Banks and fintechs could cut onboarding delays as a single workflow now joins customer identity checks with real-time business verification.

By Joseph Gabriel Lagonsin • 4 min read • Last month

Stories from Other Regions

Financial institutions stories

Association of Financial Mutuals urges growth reforms
Law Commission

Association of Financial Mutuals urges growth reforms

Regulatory reform could help mutual lenders and insurers close gaps in protection, healthcare and savings for households outside mainstream finance.

By Sofiah Nichole Salivio • 4 min read • This month
QuSecure appoints ex-Navy admiral to advisory board
Data Protection

QuSecure appoints ex-Navy admiral to advisory board

Pressure is mounting on federal agencies to replace vulnerable encryption before quantum computers can exploit it, making QuSecure's hire timely.

By Mark Tarre • 4 min read • This month
Mastercard unveils Singapore payments innovation circuit
Biometrics

Mastercard unveils Singapore payments innovation circuit

Financial institutions across Asia Pacific are being shown how AI agents, digital identity and tokenisation could reshape secure payments in coming years.

By Karen Joy Bacudo • 4 min read • This month
WealthAi & Flanks join forces on wealth data platform
Software-as-a-Service

WealthAi & Flanks join forces on wealth data platform

Wealth managers could cut manual reconciliation as the tie-up gives access to data from more than 650 financial institutions in one system.

By Karen Joy Bacudo • 4 min read • This month
Australia warns of scam surge during Prime Day sales
Phishing

Australia warns of scam surge during Prime Day sales

Scammers are exploiting Prime Day shopping sprees as Australia's new rules aim to stop fraudulent texts, emails and instant payments.

By Sofiah Nichole Salivio • 7 min read • This month
MANTL tops USD $40 billion in deposits, saves 1M hours
Software-as-a-Service

MANTL tops USD $40 billion in deposits, saves 1M hours

Banks and credit unions are using MANTL to speed up onboarding as deposits grow and branch staff save more than 1 million hours.

By Karen Joy Bacudo • 4 min read • This month
YEO Messaging taps ReconIQ to enter US banking market
Data Protection

YEO Messaging taps ReconIQ to enter US banking market

Banks could use continuous identity checks to curb rising takeover fraud, as the tie-up opens YEO Messaging to US financial institutions.

By Karen Joy Bacudo • 3 min read • This month
Banking Circle appoints Cracknell as Chief Executive Officer
Fintech

Banking Circle appoints Cracknell as Chief Executive Officer

The planned handover aims to keep Australian clients steady as Banking Circle's local unit shifts to an internal Chief Executive Officer.

By Mark Tarre • 4 min read • This month
Shield adds AI agents to AmplifAI compliance suite
Surveillance

Shield adds AI agents to AmplifAI compliance suite

False positives and language gaps in surveillance are now a bigger burden for financial compliance teams as alert volumes keep rising.

By Mark Tarre • 3 min read • Last month
Gresham names Spiros Giannaros as Chief Executive Officer
Software-as-a-Service

Gresham names Spiros Giannaros as Chief Executive Officer

The appointment brings continuity as Gresham integrates its recent acquisition and reshapes leadership around financial services data management.

By Sofiah Nichole Salivio • 4 min read • Last month