Banking stories

RecordPoint now processes over 15 million data transactions daily as AI adoption fuels a surge in demand for stricter data governance controls.

TerraPay and Sabre have struck a multi-year deal to power instant cross-border bank payouts for travel agencies, airlines and hotels.

Deepfakes, new biometrics rules and AI agents are rewriting digital identity, forcing ANZ firms to treat KYC as core infrastructure.

Tailor Brands now lets founders open business bank accounts as they form US LLCs, promising faster launches and integrated money tools.

Aliya debuts aliyaOS, a continuous lending risk engine honed on USD $30bn of loans at a major US bank, now targeting smaller lenders.

Data and AI firm Quantexa will move its global headquarters to The Delft on London’s South Bank when the new development completes in 2027.

Unlimit appoints Hong Kong-based Michele Fung as Asia-Pacific head to drive regional expansion in increasingly competitive payments markets.

Young Australians lose over AUD $2.2 million as fake flexible job offers surge, with scammers recruiting money mules via texts and social media.

BADIIS malware is hijacking over 1,800 IIS servers worldwide, quietly boosting illicit gambling and crypto phishing sites via poisoned SEO.

Peru’s largest microfinance lender Mibanco selects Temenos SaaS on Microsoft Azure to overhaul its core banking and speed digital services.

UK romance scam losses top GBP £106m as organised fraudsters exploit Valentine’s surge, with average victims losing more than GBP £11,000.

Aspire partners with early-stage investor Antler to capture global founders at inception, targeting a 2.3x jump in startup customers by 2026.

Ailanto partners with Cubbit to launch sovereign, canton-aware S3 cloud storage in Switzerland, targeting strict data residency needs.

Virtual Spotter makes US its biggest market as lean direct debit model cuts gym admin by 65 hours and AUD $1.4k a month per client.

Nium strengthens global payments push with new chiefs for risk, technology and marketing as AI, stablecoins and regulation reshape the sector.

Cloudera posts surging FY26 growth as enterprises embrace governed hybrid AI, fuelling expansion, fresh hires and multi-cloud innovation.

Financial firms reap strong AIOps returns but poor data quality and fragmented tools are stalling the leap from pilots to scaled AI.

FDATA names Sumsub policy lead Kat Cloud to its board, signalling a sharper focus on identity, fraud and security in North American open finance.

IDnow hires former Ukraine digital minister Liudmyla Rabchynska to steer EU identity wallet and eIDAS 2.0 regulatory strategy.

Ecommpay has been named in the CNBC/Statista Top 150 UK FinTechs, highlighting London’s enduring strength as a global payments hub.