Financial Services stories - Page 75

Munich's Giesecke+Devrient boosts stake in software corporation Netcetera to 95%, enhancing its financial platforms and reinforcing future growth in digital banking and payments.

Cevo has entered into a three-year strategic collaboration agreement with AWS, aiming to expedite innovation and meet industry demands.

Portugal-based cybersecurity giant, Jscrambler, advances global expansion plans with the appointment of new Chief Operations Officer, Mukesh Sharma, and Tyson Whitten as the Vice President of Global Marketing.

In a crucial pre-launch move, cybersecurity firm Zally has appointed David Webb, a respected industry veteran, as Chairman to bolster its market presence and hasten growth.

FinTech Australia, backed by Investment NSW, partners with major banks ANZ, Westpac and tech firm 1835i for a reverse pitch event on 21 February 2024, inviting fintechs to solve local banking issues.

Cloudwerx, acquires Australian AI consultancy, Lightfold, broadening its advanced, data-driven service offering to customers in the APAC region.

Amidst overall funding decreases, crowdsourced funding in Australia remained steady in 2023, securing $71m for local businesses.

Lithuania's iDenfy partners with StackGo to boost the Australian firm's SaaS solutions for SMEs in regulated sectors, employing Anti-Money Laundering screening for smarter compliance.

BillingPlatform secures a massive $90m growth equity investment from FTV Capital, boosting its ongoing expansion in a growing $10bn market.

Bugcrowd's latest annual Vulnerability Trends Report highlights the rising acceptance of public crowdsourced security.

A shocking 30% increase in attacks on critical infrastructures was recorded in 2023, resulting in over 420 million incidents.

Equinix introduces a fully managed private cloud service, providing enterprises efficient access to NVIDIA DGX AI supercomputing for building and operating bespoke generative AI models.

Dr Kevin Tham, a veteran in information security, becomes the first Chief Information Security Officer (CISO) at Australian fintech Rich Data Co to improve cyber security risk and resilience.

Alarming underperformance in outsourced cybersecurity suppliers has increases breach risk to the UK's financial sector.

Over 50% of Australian lenders feel unprepared to assess customer creditworthiness effectively in the current economic climate due to insufficient data, according to a new report.

Cyber attacks on financial services surge in 2023 with a 137% rise in vendor email compromise attacks, posing serious financial risks.

In 2024, Asia Pacific financial firms are leaning into document automation strategies to enhance productivity, in a climate of rapid change boosted by pandemic, inflation, and employee disengagement.

Australian investment platform Stake ushers in new growth chapter, appointing experienced finance leader Jon Howie as CEO while founder Matt Leibowitz transitions to Executive Director role.

Jscrambler secures a second consecutive win at the 2024 BIG Innovation Awards for its pioneering client-side protection platform, leading global technology innovation and disruption.

InterSystems has been named a Challenger in the Gartner Magic Quadrant for Cloud Database Management Systems, demonstrating its vision and capacity in enterprise digital transformation.