Banking stories
Direct access to Interac e-Transfer gives Neo Financial more control over payment features as the network opens to non-bank providers.
Banks are being urged to watch for fraud and exploitation patterns as the 2026 World Cup is expected to fuel risky cross-border payments.
Insurers face tighter pricing pressure as offshore wind farms in Europe expand into deeper waters and more exposed storm regimes.
A 1,151% jump in iOS injection attacks in late 2025 has put mobile identity checks under fresh pressure, iProov says.
Rising demand for AI research tools has pushed AlphaSense to add multilingual search and deepen local content for clients across both regions.
Monzo's retreat from America will close customer accounts by June, while Revolut is seeking direct access to deposits and loans in the US.
The upgrade could shorten consultant onboarding for firms juggling multiple projects by putting scoping, hiring and tracking into one portal.
Trusted data can cut fraud, speed onboarding and reduce manual reviews as banks try to balance customer ease with tighter controls.
Hidden process gaps in mortgage origination can let fraudulent loans slip through, raising fresh questions for banks after a Australian Big Four case.
Beta testing showed the platform can cut manual work quickly, completing more than 350 automations in under two weeks at one organisation.
Regulated financial data made up 59% of generative AI policy breaches, as banks and insurers race to use the tools under tighter scrutiny.
Managed AI tools are gaining ground in finance, yet regulated data still drives most policy breaches as staff mix personal and corporate accounts.
The appointment comes as Australia’s fintech sector pushes for rules that could lift its economic contribution from $13.6 billion to $38 billion by 2035.
Fraud is eroding trust in digital services, with 56% of Australians saying they have already suffered online scams or identity theft.
Financial institutions could cut manual checks as a Fujifilm-DoxAI tool scans identity and income records for fraud in New Zealand.
Higher complaint volumes are adding regulatory and reputational pressure on UK firms handling sensitive customer data, especially in finance and health.
The new Kuala Lumpur centre is set to bolster resilience and speed up real-time responses across the bank’s network in over 50 markets.
The appointment signals Halcyon’s push to bolster customer defences as ransomware drives operational disruption, extortion and revenue losses.
Recurring billing firms could cut costs and failed collections as 73% say card payments still cause persistent operational headaches.
Cost-of-living pressure is nudging MAS members towards tiny automatic KiwiSaver top-ups as Feijoa rounds up card spending.