Financial institutions Stories

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Financial institutions stories

Hyperlayer raises USD $26 million in Flintlock-led round

The banking software group is now valued at USD $260 million after the latest follow-on financing, bringing its total funding to nearly USD $66 million.

By Karen Joy Bacudo • 3 min read • Yesterday

Risk & Compliance

Financial firms deploy AI agents unmonitored, study warns

A compliance gap is leaving 22% of financial services firms running AI agents in production without monitoring, a New Relic study warns.

By Joseph Gabriel Lagonsin • 3 min read • Yesterday

Digital Transformation

Hyperlayer raises USD $25.8 million in Series A2 round

Fresh capital will help Hyperlayer hire and expand across three regions as banks seek to modernise legacy systems without costly core replacements.

By Joseph Gabriel Lagonsin • 3 min read • Yesterday

Payment Technologies

From Payment Card to Digital Trust Infrastructure: How Cards Are Evolving

Banks are using payment cards as trust anchors to link onboarding, wallet enrolment and fraud checks without adding more customer friction.

By Brent Bowen • 7 min read • Last week

Fintech

Chargebacks911 names Brad Wiskirchen to drive acquisitions

The hire signals a push into acquisitions and new financial services products as the payments group broadens beyond dispute management.

By Sofiah Nichole Salivio • 4 min read • Last week

Risk & Compliance

DataMasque joins MAS PathFin.ai for privacy-preserving AI

Financial firms can now assess privacy-preserving AI tools faster as DataMasque joins MAS's PathFin.ai library to mask sensitive customer data.

By Sean Mitchell • 3 min read • Last week

Artificial Intelligence

Shield appoints former HSBC executive Michelle Clark

Her appointment signals Shield's push to sharpen its compliance software as banks grapple with tighter communications monitoring and AI oversight.

By Sofiah Nichole Salivio • 4 min read • Last week

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

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

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

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

Stories from Other Regions

Financial institutions stories

Cloud Security

Jack Henry expands Google Cloud AI security tie-up

The tie-up aims to help 7,400 US community banks and credit unions spot AI-enabled cyber threats earlier and speed up responses.

By Karen Joy Bacudo • 4 min read • Today

Fintech

Canton Foundation & LG CNS back Korea network push

The tie-up aims to speed real-world blockchain deployment among Korean banks and other institutions as tokenised assets gain momentum in Asia.

By Mara Sugue • 3 min read • Yesterday

Risk & Compliance

Farsight & Ornn bring AI compute in-house for banks

Banks worried about data security and rising AI costs can now run Farsight's platform on their own systems via Ornn's GPU capacity.

By Karen Joy Bacudo • 3 min read • Last week

Risk & Compliance

Eltropy launches verified texting for banks & credit unions

Verified profiles and richer message formats could help banks and credit unions curb impersonation scams as RCS reaches more US phones.

By Karen Joy Bacudo • 3 min read • Last week

Phishing

One in three Canadians targeted by scam, survey finds

Banks and phone firms face pressure to do more, as 34 per cent of Canadians say they were targeted by a scam in the past year.

By Sofiah Nichole Salivio • 4 min read • Last week

Artificial Intelligence

CodeWall raises USD $4 million to test cyber defences

The London start-up will use the funding to expand autonomous attack testing as firms face more frequent, AI-driven cyber threats.

By Karen Joy Bacudo • 3 min read • Last week

Risk & Compliance

AI council launches finance certification in Singapore

Rising AI use is exposing a training gap in Singapore's finance sector, prompting a new exam to test when professionals should trust or verify output.

By Karen Joy Bacudo • 4 min read • Last week