Financial Services stories - Page 33

10x Banking appoints Philip Barnett as Executive Vice Chair to drive strategic growth and global expansion, focusing on Asia Pacific markets.

Only 25% of mid-market firms have fully deployed AI, yet stock valuations assume full adoption, revealing a gap between hype and reality in AI investment.

TradingFront has launched AI tools to help financial advisers enhance portfolio management, client engagement, and business growth in wealth management.

Ripple has acquired GTreasury for USD $1 billion, enhancing its corporate treasury services and expanding digital asset use in global payments.

FICO has secured ten new patents to enhance Responsible AI, boosting transparency and fraud prevention across numerous sectors globally.

Sidetrade expands into Asia-Pacific by acquiring Australia's ezyCollect for EUR €37 million, targeting SMBs with AI-powered Order-to-Cash solutions.

Jio Payments Bank will introduce contactless Multi-Lane Free Flow tolling on the Gurugram-Jaipur route, enhancing convenience with digital payment tech.

Cloud.in appoints Vishwas Gupta as India Sales Head to lead growth, leveraging his 25+ years' experience in cloud solutions and sales across key markets.

HCLTech has joined forces with GSMA to advance the Open Gateway initiative, enabling telecom operators to monetise networks using standardised APIs globally.

DBS has been named the World's Best AI Bank, recognised for its innovation and responsible AI use across retail and corporate banking services.

Global banking AI spend is forecast to hit USD $67bn by 2028 as firms focus on responsible adoption to drive strategy, innovation and risk management.

Salesforce teams up with Stripe and OpenAI to launch AI-powered Instant Checkout, enhancing personalised shopping and speeding up online purchases for retailers.

By 2026, 79% of Asia Pacific firms plan to boost threat intelligence spending and adopt AI to tackle rising cyber threats and regulatory demands.

Salesforce and Anthropic have deepened their AI partnership to deliver secure, industry-specific tools for finance, healthcare, and other regulated sectors.

Rubrik has been named a Leader in the IDC MarketScape 2025 report for its advanced AI-driven cyber-recovery and identity resilience solutions.

AI deployment delays are increasing by up to 12 months as 75% of firms face data security breaches and accuracy issues, hindering progress globally.

Omnissa unveils Secure Access Suite in partnership with Google, strengthening browser-based protection for SaaS and web applications across industries.

A global shortage of cyber experts and rising AI use are driving cyber breach costs above USD $1 million for over half of organisations in 2024, says Fortinet.

A Flint Global report urges APAC policymakers to reform regulations and boost AI adoption in financial services for innovation and security gains.

Ecommpay teams up with humm to offer flexible finance up to GBP £3,000 for UK merchants, boosting sales in travel and high-value retail sectors.