August 2025 – Page 10

CommBank Sees 76% Decrease in Scam Losses with New Security Features Implemented

Australia's CommBank has introduced a Gen AI scam detection tool that allows customers to test suspicious text messages. Additionally, a new feature in the bank's...

FCA Issues Warning About Car Finance Scam Calls

The Financial Conduct Authority is warning individuals about a new scam related to car finance compensation claims. The watchdog has received reports of scammers contacting...

Trovata Acquires Treasury Management System Atom

Trovata, a cash and liquidity management platform, has announced the acquisition of Atom, a treasury management system (TMS), along with securing $9 million in funding....

Diebold Nixdorf Partners with Digital Euro Innovation Platform

Diebold Nixdorf is collaborating with the European Central Bank (ECB) to incorporate its payment processing technology into the frameworks for the digital euro. This company,...

Standard Chartered Partners with Alibaba for AI Agreement

Standard Chartered has forged a strategic partnership with Alibaba Group, focusing on AI and cloud technology. Under the terms of the Memorandum of Understanding, Standard...

RBC Utilizes In-House AI Model for Credit Assessments

The Royal Bank of Canada (RBC) is leveraging its proprietary AI foundation model to enhance credit adjudication and personalize its loyalty programs. Developed by RBC's...

Daloopa Secures $13 Million in Funding for AI-Driven Data Platform

Daloopa, a company specializing in AI-powered data extraction for hedge funds, investment banks, and various financial institutions, has successfully secured $13 million in funding. As...

NatWest and Google Team Up to Empower UK Startups with AI Tools and Training

NatWest has partnered with Google Cloud to enhance support for entrepreneurs within its business Accelerator program, providing them access to advanced AI tools, cloud technologies,...

Wells Fargo Partners with Google Cloud for Advanced AI Initiatives

Wells Fargo is deepening its partnership with Google Cloud to implement agentic AI throughout its operations. In 2022, the two entities collaborated to introduce an...

Maybank Partners with Microsoft for RM1 Billion Digital Transformation Initiative

Malaysia's leading financial institution, Maybank, has finalized an agreement with Microsoft to drive its digital transformation initiatives. This partnership, valued at approximately RM1 billion ($226...