Financial Services stories - Page 71

Report reveals a disconnect between perceived and actual data security, with 63% of firms overestimating their protective measures despite record data breaches.

Redactive AI secures $11.5M in seed funding to revolutionise enterprise AI with a focus on security and permissions, attracting key venture firms.

MoEngage launches a new platform in Australia, aimed at helping financial institutions tackle inefficiencies and deliver personalised customer experiences in real time.

The advent of AI factories is revolutionising business operations by merging GenAI capabilities with modernised data centres, enhancing productivity and sustainability.

Outsized has announced its expansion into the Australian and New Zealand markets, addressing the rising demand for skilled independent talent in key sectors.

A new study by Juniper Research predicts digital identity app installations will soar to 5.2 billion globally by 2029, driven by regulatory standards and biometric verification.

As Australia gears up for the next federal election, the Albanese Government emphasises automation and AI as keys to driving innovation in its Future Made in Australia policy.

Creatio secures USD $200 million in funding, reaching a USD $1.2 billion valuation. Led by Sapphire Ventures, this investment will bolster global expansion and AI innovation.

Australian cyber security firm CSO Group and automation specialist xAmplify plan to merge in 2024, creating the nation's largest AI and cyber security service provider.

Affinda Group secures USD $10 million in latest funding round, raising total to USD $22.9 million over 18 months, and now valued at USD $120 million.

SourseAI partners with Moflix to revolutionise telcos with AI and digital-first tools, aiming to better personalise and simplify the customer experience.

SeqOIA, a key French genomics lab, adopts Scality RING to handle petabyte-scale genetic data, enhancing cancer and rare disease patient outcomes.

NCS Australia appoints Nikita Atkins as AI Lead, enhancing its AI capabilities and driving innovation-led growth across the Asia-Pacific region.

HSBC and BNY Mellon join Quantexa's Lighthouse Programme to deploy Q Assist, a context-aware generative AI suite, debuting at London Tech Week to optimise financial services.

Endava restructures leadership and strategy post-acquisition of Mudbath and DEK Technologies, enhancing its Australian capabilities for significant digital transformation growth.

Australian organisations subject to SoCI laws must now prove their operational response to cyber incidents, requiring continuous compliance and readiness by August 18.

A new Fivetran and MIT Technology Review Insights report reveals data readiness as a key barrier to AI adoption, with 60% of organisations needing better data governance.

First AML has partnered with Open Banking tech platform Armalytix to boost Source of Funds and Source of Wealth capabilities for large conveyancing firms.

Currencycloud and Pyvio are partnering to enhance cross-border payment solutions for Chinese eCommerce businesses, aiming to simplify transactions in emerging markets.

Quest Payment Systems has secured a pivotal contract to supply payment technology to the NSW Government, positioning itself alongside global heavyweights PAX and Apple.