Financial Services stories - Page 29

APAC banks face heavy manual compliance workloads as poor data quality and legacy systems stall AI adoption, survey respondents warn.

Illumio earns Gartner Customers' Choice for network security microsegmentation, scoring 4.8 out of 5 with 98% willing to recommend.

NP Digital Australia posts record H2 2025 growth, winning 22 clients and lifting revenue over 25% on the back of an AI-first strategy.

SCX.ai launches Australia's first sovereign, eco-efficient AI node in Sydney, promising tenfold efficiency gains without water cooling.

Australian banks report the region's worst compliance screening disruption, as ageing systems and manual workloads strain checks and onboarding.

Big banks and AI leaders signal they will layer new AI tools on top of, not instead of, core enterprise software systems.

Fingular taps Kilde for SGD $10m credit line to fund Southeast Asia expansion, ramping up Malaysia consumer lending under Tambadana.

HCLTech moves to deepen its wealth management push with a deal to acquire Singapore-based consultancy Finergic, pending approval by 2026.

Rackspace appoints Joseph Vito to spearhead global strategic alliances, bolstering its hybrid cloud and AI partnership ecosystem.

AI has shifted from hype to an everyday tool for accountants, reshaping workflows, client work and skills as agentic systems loom.

Juspay raises USD $50m in follow-on funding led by WestBridge Capital, lifting the payments firm to a USD $1.2bn valuation.

Integrated Quantum debuts AIQu VEIL, a quantum-resilient data layer letting enterprises run global AI on anonymised vectors, not raw data.

Rocket Software launches ContentEdge to give organisations safer GenAI access to sensitive unstructured data across hybrid environments.

Kani deepens its tie-up with TransactPay, adding Data-as-a-Service to streamline global payments data as the issuer ramps up scale.

Commonwealth Bank teams with OpenAI on AI and cyber training to close skills gaps for 1 million Australian small business customers.

Governments are taking a cautious, experimental approach to AI, prioritising public trust, security and stability over rapid innovation.

8x8 expands Secure Pay globally, unifying compliant digital payments and AI-led outreach across its customer experience platform.

Data Privacy Day shifts focus from policy to proof, as firms embed control, resilience and design into complex hybrid data estates.

Over 70% of major retailers and nearly 60% of wholesalers have exposed credentials, leaving shared supply chains ripe for attack.

Major firms are leaving known, actively exploited cyber flaws unpatched for six months or more, sharply heightening breach risks.