Banking stories - Page 2

Equifax Canada flags 31% jump in first-party fraud as credit cards and banking see more applicants overstating income and finances.

Appdome widens its IDAnchor platform with server-side Risk Intelligence APIs, giving fraud teams verified mobile signals, threat history and AI-ready scores.

Visa takes a direct stake in Tempo's blockchain operations, joining an early group of outside validators as it deepens its stablecoin and payments push.

Backbase and Ninth Wave have teamed up to let banks plug corporate clients' ERP and accounting systems straight into account data and payments.

Scotiabank puts AI under one roof as new enterprise platform rolls out for staff, with commercial email routing and client tools already delivering gains.

Kijiji teams up with Interac to let users verify identities before trades, messaging and pickups as Canada's classifieds site lifts safeguards.

BMO broadens quantum outreach with new partnerships in Canada and Chicago, aiming to shape banking's readiness on security, talent and governance.

Wise posts higher transfer volumes and customer balances as it targets a Nasdaq primary listing in May 2026 while keeping London.

Oracle expands its financial crime platform with Lucinity's AI investigation tools, aiming to cut compliance workloads for banks and regulated firms.

Banks are slowing AI rollouts as they prioritise process visibility, with Celonis arguing execution depends on understanding how work flows today.

FintechOS rolls out FintechOS 8 preview, pairing governed AI with product workflows for lenders and insurers as it eyes launch later this quarter.

Cambodia scam compounds are being tied to a mobile banking fraud network that hit users in 21 countries, researchers say.

ADAPTOVATE taps transformation veteran Jim Cundiff as Managing Director and Partner to deepen North American growth and its AI consulting push.

SLR deepens its digital climate analytics offer with the acquisitions of Planetrics and ClimSystems, targeting asset-level risk modelling.

Persistent and Databricks launch Merchant Risk Management and Fraud Detection solution for banks and payment providers facing rising digital payment fraud.

Custodia says financial firms must widen record-keeping to cover collaboration tools, messaging apps and AI-generated content as regulators step up scrutiny.

World Cup guide urges banks to spot scams and trafficking as tournament travel, ticket demand and online activity heighten fraud risks.

iProov warns iOS injection attacks surged 1,151% in late 2025 as generative AI fuels deepfake impersonation and identity fraud.

Neo Financial becomes the second Canadian FinTech on Interac e-Transfer, boosting direct access for payments as the network opens to more providers.

Data quality gives banks a scalable route to digital trust, cutting fraud and false positives while speeding onboarding, KYB and AI-driven checks.