Financial Services stories
Bookings surged 21% in the first quarter, prompting Cognizant to raise its adjusted operating margin outlook and back annual revenue guidance.
Poor address data can raise fraud losses, trigger compliance failures and slow onboarding, making identity checks less reliable.
Fragmented controls are leaving banks and fintechs exposed as AI adoption outpaces oversight, according to new research from Zango.
US audit firms are now scrutinising AI outputs more closely as adoption spreads and concerns over judgment and compliance persist.
Rising breach costs and AI-driven threats are pushing 71% of large organisations to treat the cyber talent shortage as a direct business risk.
The tie-up gives 1.1 million WireBarley users faster transfers into South Korea as remittance demand there topped USD $7.45 billion last year.
Poor data, ageing systems and tight regulation are leaving most bank AI projects stuck in pilots, despite heavy investment in the technology.
Banks seeking to cut fragmentation may see Backbase's Forrester nod as validation that its AI-native platform can unify front-office work.
For multi-location service brands, the new tool links surveys, reviews and listings to help lift ratings, retain customers and cut costs.
Borrowers in New Zealand could get quicker credit card approvals as Revolut taps regulated open banking data to replace paperwork with automated checks.
Australian banks are now trialling AI-led purchases under Visa's controls, as the payments group seeks to protect consent and spending limits.
Four of New Zealand’s biggest lenders are testing AI-driven payments as Visa moves to safeguard shopping across merchants and platforms.
Federal buyers of AI and HPC systems will gain wider access to Cornelis’s CN5000 platform through new partners ASI Corp, CTG Federal and TVAR Solutions.
The roll-out comes as firms face a mounting accountant shortage, with Black Ore claiming Tax Autopilot can slash return prep time by up to 98%.
Stablecoin payouts and instant account funding could become faster for OnePay users as the fintech joins Tempo’s validator set.
The data storage supplier is looking to widen its reach in government and regulated sectors as Jeanclaude Toma takes over as Chief Executive Officer.
Borrowers and brokers could see faster mortgage processing as Vernon Building Society adds a new digital layer without replacing core systems.
London will host LemFi's global operations as the fintech plans to hire more staff and expand compliance after pledging GBP £100 million in the UK.
Businesses face higher odds of cyber-attacks and unfair decisions as researchers warn generative AI can hide flaws in machine learning systems.
Most firms expect AI to streamline admin and planning support, while only 3% plan staff reductions this year, a survey shows.