Open banking stories
Customers at Bank of Sydney should see faster payments and more self-service after its core banking systems moved to AWS.
The rollout could help more than 1,500 institutions use generative AI on trusted in-house data without disrupting core banking operations.
Expansion into the US payments market gets a seasoned operator as Hello Clever looks to scale real-time transaction products beyond Australia.
The tie-up should speed remittances and multi-currency transfers for millions of RedotPay users as stablecoin payments expand globally.
Finance teams could cut manual collections work as Sequence users in the UK, Europe and US gain embedded Direct Debit via GoCardless.
Fraud losses in Open Banking remain lower than in the wider UK payments market, but scam tactics are shifting as usage expands.
Wider adoption of AI tools is prompting calls for plain-language data rules that give New Zealanders more control over personal information.
The payments firm's diversity work has put it in contention alongside two senior leaders as the awards spotlight women in technology workplaces.
The tie-up could reduce missed repayments for UK workers by directing consolidation loan funds straight to existing creditors through payroll.
About 11 million UK adults could use autonomous AI for money management, raising fresh concerns over fraud, control and market concentration.
Wealth managers could cut manual reconciliation as the tie-up gives access to data from more than 650 financial institutions in one system.
Providers now face a test of service quality as pension dashboard use could trigger more member enquiries and expose data gaps.
Small business owners facing tighter credit can now seek fixed-rate funding of up to USD $250,000 through SoFi, with decisions in minutes.
Consumers could gain stronger protections and easier data sharing as Ottawa opens consultations on bank fraud and open-banking rules.
Rising compliance pressure and AI-polished applications are pushing employers to rethink hiring, as Blue John targets regulated sectors with GREY.
Trust remains thin for AI-led shopping, with most UK adults saying they would reject systems that handle spending or payment data.
The move strengthens the trade group's push for tighter standards as scrutiny of banking-as-a-service partnerships intensifies across the US financial sector.
Customers could soon verify their age, address and identity through banking apps, as lenders test a voluntary check-sharing service to curb fraud.
Businesses using Sequence can now collect Direct Debit payments without leaving its billing software, reducing manual chasing of late invoices.
Eligible UK savers can now access tax-advantaged investing on Count's platform, as it tackles the advice gap for lower-balance customers.