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Deepfake scams drive USD $40 billion fraud warning
Biometrics

Deepfake scams drive USD $40 billion fraud warning

Banks and insurers face rising losses as deepfake fraud is now estimated at USD $40 billion a year, with voice cloning fuelling most cases.

By Karen Joy Bacudo • 5 min read • Last week
Banks overrate fraud readiness as data gaps persist
Fintech

Banks overrate fraud readiness as data gaps persist

Operational gaps are undermining banks' fraud defences, with only 41% fully connecting key data despite strong plans to increase AI spending.

By Karen Joy Bacudo • 3 min read • Last week
HCLTech signs Anthropic partnership for enterprise AI
Manufacturing

HCLTech signs Anthropic partnership for enterprise AI

The deal should help large firms deploy safer AI systems, with HCLTech adding Claude to services and software for banks, hospitals and manufacturers.

By Mara Sugue • 4 min read • Last week
Memcyco updates PoSA to spot attacker devices earlier
Phishing

Memcyco updates PoSA to spot attacker devices earlier

Fraud teams can now flag suspicious devices before login, as PoSA v1.11 adds real-time risk scores to help stop account takeovers earlier.

By Joseph Gabriel Lagonsin • 4 min read • Last week
Bloomberg launches Enterprise MCP for AI data access
Data governance

Bloomberg launches Enterprise MCP for AI data access

Financial firms can now give AI agents governed access to Bloomberg data, with context that clarifies currency, pricing and timing.

By Joseph Gabriel Lagonsin • 4 min read • Last week
AI agents force payments industry to verify intent
Payment Technologies

AI agents force payments industry to verify intent

Banks and card networks may need new checks as software agents start buying on customers' behalf, blurring fraud and consent.

By Joseph Gabriel Lagonsin • 4 min read • Last week
nCino launches AI suite for mortgage loan officers
Risk & Compliance

nCino launches AI suite for mortgage loan officers

The new tools are already in use at Educated Mortgage, as lenders seek to cut manual work and speed up turnaround times.

By Karen Joy Bacudo • 3 min read • Last week
Bir brings Azerbaijan's digital banking experience to Istanbul fintech week
Digital Transformation

Bir brings Azerbaijan's digital banking experience to Istanbul fintech week

The rapid uptake shows Bir is becoming a mass-market daily banking platform, with 90% of customers now using its app for routine transactions.

By Sofiah Nichole Salivio • 4 min read • Last week
Bloomberg launches enterprise MCP for AI data access
Data governance

Bloomberg launches enterprise MCP for AI data access

Financial firms can now let AI agents pull licensed Bloomberg data through a standardised interface that also supplies the context needed to use it correctly.

By Joseph Gabriel Lagonsin • 4 min read • Last week
Duco says agentic AI cuts bank reconciliation work 76%
Generative AI

Duco says agentic AI cuts bank reconciliation work 76%

Production trials at 12 banks and financial institutions cut manual post-trade reconciliation work by an average of 76%, Duco said.

By Joseph Gabriel Lagonsin • 4 min read • Last week
Juspay revenue rises 30% to USD $75 million in FY26
Fintech

Juspay revenue rises 30% to USD $75 million in FY26

Core India operations stayed profitable as the payments firm expanded overseas and pushed into AI, even after a USD $10 million net loss.

By Karen Joy Bacudo • 3 min read • Last week
RSA launches Agent ID for regulated AI agent control
Hybrid Cloud

RSA launches Agent ID for regulated AI agent control

Regulated firms can now track shadow AI as RSA says Agent ID will help banks and public bodies assign owners and approvals to agents.

By Joseph Gabriel Lagonsin • 4 min read • Last week

Stories from Other Regions

Banking stories

ThetaRay appoints Laure Richmond as chief financial officer
Data Analytics

ThetaRay appoints Laure Richmond as chief financial officer

The hire comes as the financial crime compliance software group expands globally to meet tougher anti-money laundering rules and rising scrutiny.

By Mara Sugue • 4 min read • Last week
Convera names four executives to drive global platform
Fintech

Convera names four executives to drive global platform

The appointments support Convera's push to integrate cross-border payments, FX risk tools and multi-currency services for business customers.

By Sofiah Nichole Salivio • 3 min read • Last week
Young people say AI is eroding trust online, report finds
Generative AI

Young people say AI is eroding trust online, report finds

Generative AI and scams are making many rangatahi doubt what they see online, even as reliable internet remains vital for school, work and services.

By Joseph Gabriel Lagonsin • 4 min read • Last week
Wise launches multi-currency interest in New Zealand
NZD

Wise launches multi-currency interest in New Zealand

The new product lets customers earn daily returns on NZD, USD and euro balances without locking money away, in a market dominated by term deposits.

By Joseph Gabriel Lagonsin • 3 min read • Last week
UK leads AI adoption as returns lag behind investment
Data Science

UK leads AI adoption as returns lag behind investment

Despite rapid adoption, UK firms are struggling to turn AI spending into measurable gains, with trust and returns still out of sync.

By Sofiah Nichole Salivio • 4 min read • Last week