Financial institutions stories

Synology launches PAS7700, a dual-active all-NVMe storage system, offering secure, high-performance, and highly available data access for AI-driven enterprises.

Nearly half of financial firms struggle to scale AI fully due to data silos and security concerns, despite widespread adoption and hybrid deployment strategies.

Exegy now offers real-time Canadian equity data on its Axiom platform, enabling clients to access TMX feeds via existing New York connections with no new infrastructure.

CyberArk launches Secure AI Agents Solution with privilege controls to protect AI agent identities, boosting enterprise security amid rising AI adoption.

Staples Canada is the first national retailer to offer Interac KONEK, a secure Canadian eCommerce payment option supported by Moneris and major banks.

Backbase wins the 2025 Datos Impact Award for its AI-driven platform revolutionising wealth management with faster onboarding and personalised digital advice.

Smart Communications has launched an AWS-powered data centre in Singapore to enhance secure, compliant digital engagement for ASEAN enterprises.

Despite 99% of finance firms piloting AI, just 3% deploy it enterprise-wide, hindered by data quality issues and legacy system inconsistencies.

Global ransomware attacks surged 28% in September, with Industrials hardest hit, as cyber criminals ramp up efforts ahead of the busy holiday season.

Azul and ActiveViam have launched a solution that cuts cloud analytics costs by up to 50%, enhancing performance for financial firms handling large-scale data.

IBM launches Digital Asset Haven, a secure blockchain platform for institutions, combining advanced custody features across 40+ blockchains from late 2025.

Mark Lane has launched Canada’s first FX platform letting entrepreneurial currency professionals run their own client portfolios with flexible hours and higher commissions.

Pave Bank secures USD $39 million to expand its programmable banking platform, merging traditional finance and digital asset management for institutions.

Australia sees a 17% rise in data breaches as AI-driven threats on hybrid cloud systems surge, prompting tighter APRA regulations on cybersecurity compliance.

Fortinet has launched its first Secure Access Service Edge point of presence in Auckland, enhancing cybersecurity and connectivity for New Zealand businesses.

Canada unveils its first National Anti-Fraud Strategy and a Financial Crimes Agency to tackle rising fraud losses, which hit CAD $643 million in 2024.

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

Global scam attempts have surged 65% over the past year, with smishing rising tenfold as banks worldwide battle increasing fraud risks.

UK finance firms face rising risks as Windows 10 support ends; 90% carry technical debt with legacy systems hindering innovation and security efforts.

Cyberfort has named Kathy Stokes as Chief Revenue Officer to lead growth and expand its footprint in cyber security, cloud and colocation services.