The Australian Prudential Regulation Authority (APRA), the prudential regulator overseeing banking, superannuation and insurance in Australia, has launched the final stage of its governance review, releasing updated requirements intended to raise standards across its regulated sectors. The centrepiece of the update is a revised draft of CPS 510 Governance, which APRA has published alongside its formal response to industry feedback...

Ent, an intent-aware workspace security company, has emerged from stealth with $100m in seed financing, aiming to shift the cybersecurity industry's focus from reaction to prevention in an era of AI-accelerated attacks. The round was led by Decibel, with participation from Sequoia, Crosspoint Capital Partners, Craft Ventures, Shield Capital, Felicis, and In-Q-Tel (IQT). Ent's platform is designed to identify and intervene...

Sumsub, a global full-cycle verification platform designed to enable fraud-free and scalable compliance, has reconfirmed its eIDAS 2.0 certification at the High Level of Confidence for both individual and business verification modules. The recertification, granted by SRC Zert GmbH & Co. KG, encompasses four of Sumsub's core modules: Auto Identification, Video Identification, e-ID Verification and KYB Verification. Each module has...

FinTech Global has unveiled its sixth annual AIFinTech100 list, recognising the businesses delivering cutting-edge AI solutions that are helping reshape financial services worldwide. The AIFinTech100 recognises the companies at the forefront of AI innovation in financial services. From compliance and banking to insurance, payments and customer experience, these firms are developing technologies that are helping financial institutions improve personalisation, increase...

Artificial intelligence is quickly becoming the defining battleground for wealth management. From predictive portfolio analysis to automated client engagement, firms across the industry are racing to integrate AI into the way they deliver advice and manage investments. But beneath the excitement surrounding artificial intelligence lies a quieter reality. Many wealth managers are discovering that their existing technology infrastructure is not...

Australia's financial crime compliance sector is caught between two forces pulling in opposite directions, according to RegTech firm Napier AI. AI is simultaneously strengthening anti-money laundering (AML) defences and arming the criminals those defences are designed to catch. New research from Napier AI's AML Index reveals that Australia lost an estimated $87.39bn (AUD) to money laundering in 2024 to 2025....

Financial crime has never respected organisational charts. Fraud becomes money laundering. Identity theft enables account takeover. A mule account today becomes the source of suspicious payments tomorrow. Yet inside many financial institutions, the teams responsible for tackling those risks still work largely as separate functions. That model has served the industry for years. But as financial crime grows more connected,...

As Europe's shift to instant account-to-account payments accelerates, the pressure on financial institutions to implement robust fraud safeguards is mounting. Movitz Payments CEO and founder Magnus Hedenberg, who recently spoke to Tieto, warns that delaying Verification of Payee (VoP) is no longer a viable strategy, and the consequences of inaction are both measurable and severe. VoP sits at the heart of...

Italian industrial production has grown for a third consecutive month, according to analysis by Prometeia, offering tentative relief to financial services operators monitoring the country's economic health amid persistent geopolitical instability. Output rose 0.5% month-over-month in April, following gains of 0.6% in March and 0.2% in February. The run of consecutive growth, excluding pandemic-era swings and the post-Ukraine war rebound...

Data from LSEG Data & Analytics shows global mergers and acquisitions activity reached a five-year high in the first quarter of 2026, with deal volumes up 27% year-on-year. The momentum follows an already exceptional 2025, in which global M&A deal value hit $4.6tn, a 49% increase from 2024 and the highest figure recorded since 2021. That year also saw 68...