Financial Services stories
JAVLN has raised AUD $6 million to advance AI integration and expand its cloud-based insurance software across Australia and New Zealand.
Snowflake unveils Cortex AI for Financial Services to unify data ecosystems, enabling secure AI model deployment and integration with top industry platforms.
Elemental Concept has appointed Chris Mitchell as Managing Director APAC to drive its expansion and digital transformation services across the Asia-Pacific region.
Financial services excel at preventing cyber vulnerabilities but take a median 61 days to fix issues, risking systemic exposure despite strong security programs.
Nearly three-quarters of UK and Ireland consumers now trust AI assistants, with 79% confident chatbots provide reliable help, says IBM study.
Chainlink and 24 major banks collaborate to reduce $58 billion global corporate actions costs, using AI and blockchain for real-time data sharing and automation.
Enterprises investing USD $5.4m yearly in AI see higher ROI when mature adopters focus on secure, well-governed information management.
Testlio, Bugcrowd and InnoWave launch Testlio Apex Partner Programme, uniting global experts to enhance software quality assurance in fintech and tech sectors.
UiPath launches new AI automation suite with pre-built solutions and orchestration tools to boost enterprise efficiency and ROI in AI transformation.
Thomas Sullivan has been appointed Managing Director of DTCC Digital Assets to lead strategic growth and innovation in digital finance and blockchain integration.
Optimizely's AI platform Opal hits record use, enabling 10,000 daily marketing actions across 50+ countries, boosting campaign speed and personalisation globally.
Enterprises using Hitachi Vantara's VSP One reported a 285% ROI and USD $1.1 million value, with benefits realised in just seven months, says Forrester.
Allianz Insurance Australia is advancing AI use cautiously, balancing innovation with regulation, data quality, and trust to reshape its claims processes.
UK banks lead in AI adoption with GBP £1.8bn planned investment, but 63% have yet to see significant business gains from these technologies.
AI adoption is forecast to widen the gender skills gap in the UK's GBP £1 trillion tech sector, raising concerns over equality in emerging industries.
NSW's tech sector aims to add over 562,000 jobs by 2035, boosting its economic contribution to AUD $54bn, driven by growth in AI, fintech and cybersecurity.
Two-thirds of US banks face rising payment system outages amid struggles with modernisation, delayed projects, and a growing expertise gap, says RedCompass Labs.
Taiwan's Hua Nan Securities boosted trading system speed by 35% and cut costs 30% after switching to Azul Platform Prime, resolving major performance issues.
The UK's new digital ID scheme aims to cut fraud by GBP £1.6bn yearly but faces concerns over inclusion, innovation, and effective implementation from experts.
Despite 69% of Australians regularly using mobile banking apps, satisfaction remains modest with a 66.0 CX Index score, says Forrester's 2025 report.