Financial institutions stories - Page 9

StraitsX's XUSD stablecoin will debut on Binance, bolstering its presence in digital finance as it surges towards mainstream adoption and infrastructure innovations.

NTT DATA's latest report reveals that 58% of banks globally are fully adopting generative AI, marking a crucial shift towards its integration in banking operations.

Rayls has partnered with LayerZero to enhance cross-chain connectivity for financial institutions, aiming to integrate traditional finance with decentralised finance.

A survey by SAS and KPMG reveals sluggish AI and ML adoption in anti-money laundering, with only 18% of financial institutions fully implementing these technologies.

Vespia has partnered with Mastercard to enhance merchant onboarding across multiple regions, aiming to streamline processes and cut onboarding times by up to 90%.

Senetas has sold its subsidiary Votiro to Menlo Security for USD $37.5 million, a strategic move expected to enhance its position in the cybersecurity market.

In an era where speed and efficiency are paramount, banks must decide between building custom KYC systems or investing in advanced SaaS solutions to enhance client onboarding.

Moody's highlights a six-year high in romance scams, unveiling 1,193 new entities globally in 2024, with the US leading at 38% of cases.

Puma Growth Partners has led a $4.3 million funding round for Semeris, enhancing its AI tools for financial institutions navigating complex legal documents.

Artius.iD has appointed Jeffrey Keplar to its Board of Strategic Advisors, aiming to bolster cybersecurity for global financial institutions amid rising digital threats.

A recent report reveals that criminals are increasingly employing artificial intelligence to enhance bank scams, making them harder to detect.

As corporate banking undergoes a digital transformation, real-time KYC processes powered by Corporate Digital Identity are set to significantly enhance operational efficiency.

The future of financial crime prevention is being reshaped by AI and quantum computing, presenting both opportunities and risks, says Efficient Frontiers International.

Zscaler's latest report reveals over 200 malicious apps in Google Play, urging organisations to enhance mobile security amid rising mobile threats.

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

Visa appoints Paulina Leong as General Manager of Hong Kong and Macau operations. She has 18 years of experience in the payments industry.

Global spending on financial crime compliance at financial institutions is forecast to reach US$213.9 billion in 2021.