Financial Services stories
AI adoption in Australia and New Zealand surges, with 21% noting gains despite a skills shortage delaying digital transformation and product development.
Fintech firm Rillet secures USD $70 million to boost its AI-driven accounting platform, aiming to modernise ERP systems and accelerate financial processes.
Emerging cyber threats in 2025, including AI-driven attacks and ransomware, target healthcare and industry, with breach costs soaring to USD $5.3 million.
HSBC Innovation Banking has launched in Australia to support venture-backed tech scale-ups with tailored finance and global network access.
Community Broker Network expands into New Zealand by acquiring Folio's broker network, focusing on supporting local authorised representatives with enhanced services.
Felipe Flores has been named Regional Senior Vice President of Data and AI at Endava, leading expansion of AI capabilities across the Asia-Pacific region.
Acuity Knowledge Partners teams up with Databricks to offer enhanced AI and data solutions to over 650 financial firms worldwide, boosting analytics and automation.
The Co-operative Bank will upgrade to 10x Banking's cloud platform in a multi-year project to enhance services for 180,000+ customers in New Zealand.
Over 90% of Australian firms will adopt agentic AI within six months, driving investments to USD $12.3 billion by 2028 and reshaping business operations.
Techcombank has reappointed Dr Jens Lottner as CEO from 2025 to 2030, recognising his leadership in driving growth and digital transformation.
Smart Communications acquires Pendula to enhance AI-driven orchestration, boosting customer engagement across SMS, email, WhatsApp, and RCS in regulated sectors.
ISO 27001 certification helps businesses secure sensitive data, boosting compliance, trust and competitive edge in sectors like finance and healthcare.
Marqeta has acquired UK-based TransactPay to enhance card programme services, expanding its reach across the UK and European Union markets.
Kerv has launched Guardian Assurance to help regulated firms like financial and legal services improve compliance and recording of communications.
US financial firms face rising costs averaging USD $232,000 annually due to mobile compliance challenges and false positive inefficiencies, study finds.
Upcover partners with Coalition to launch a digital cyber insurance platform, swiftly protecting Australian SMBs and startups with tailored coverage online.
Bank Negara Indonesia partners with Cloudera to deploy AI-powered banking services securely, meeting Indonesia's strict regulatory and data sovereignty requirements.
Triple Point's Private Credit team has backed Pelican Capital's investment in cloud optimisation firm Capacitas via a senior loan, enabling growth plans.
Australian banks are racing to fully adopt biometric banking, offering enhanced security and convenience through facial recognition and fingerprint technology.
Widespread outages have cost Australians AUD $5.3 billion yearly, with 68% losing trust in telecommunications amid rising service disruptions.