Financial institutions stories - Page 14

Financial crime compliance costs have soared, driven by increased regulations, technology costs, and ongoing battles against evolving financial crimes.

DCI Indonesia has launched its E1 Tier IV data centre in central Jakarta, offering high service quality and latency benefits to clients across sectors like banking, telecoms, manufacturing, and state-owned firms.

Clear, accessible shareholder communication is vital to empower a growing generation of female investors, in an increasingly complex financial climate.

Finastra appoints Mike Stawchansky, an expert with over 25 years in the tech sector, as Senior VP and Chief Technology Innovation Officer to boost customer technology and Gen AI innovation.

Digital learning tools hold a potential catalyst for boosting the economic presence of women, as this IWD 2024 highlights, aiming to bridge the gap for unbanked women in Asia-Pacific.

Business Systems Ltd appoints Mike Wardell, former Giacom CEO, who steered the firm to £100M revenue, as its new CEO, cementing the firm's commitment to overseeing digital transformation, compliance solutions and cultivating strong corporate culture.

Jersey Telecom's acquisition of Australian tech company Spectrum bolsters the fight against online payment fraud, reinforcing security on a global scale.

Finastra partners with South Korean risk and compliance firm UNITAS to drive digital transformation in local banking operations, tapping into UNITAS's expertise and Finastra's advanced treasury system.

Despite a 27% drop from December 2023, January 2024 saw a three-year high in ransomware attacks, reflecting a year-on-year rise. NCC Group's analysis shows Lockbit remains the top perpetrator.

Finastra has inked a new partnership with Taiwan's SYSTEX to boost digital transformation and growth in Taiwan's banking sector, with SYSTEX to resell Finastra's Kondor and Risk solutions.

BlueVoyant's second report on external cyber defence trends highlights emerging risks beyond IT perimeters, including AI's role in intensifying cyber attacks.

Tech and cybersecurity veteran Kate Reed joins global Privileged Access Management provider, Delinea, as Chief Marketing Officer, bringing 20+ years of experience.

Advanced AI tech leader Kore.ai raises $132 million in Series D funding, facilitated by FTV Capital and existing investors, aiming to boost market expansion and AI innovation.

Impactsure launches its AI-powered SURE platform on Microsoft Azure Marketplace, offering data extraction, processing, and analytics.

GB Helios celebrates four years of prosperous collaboration with cloud bank platform Mambu, key to the firm's rapid growth and enhanced client experience.

Regtech firm eFlow Global announces plans for international expansion, strengthening its position in the US and increasing its already significant client base by 57% in the past year.

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.

The global HSMs market is set to rise from $1.2bn in 2023 to $2.3bn by 2028, driven by growing cyber threats, data security needs and digital transactions.

Surging demand for environmentally and socially responsible investments is set to propel the sustainable finance market, reports Future Market Insights.

HDBank partners with JCB International to launch an advanced credit card in Vietnam, providing exclusive perks and cashback for users.