Fintech
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Fintech giant Finastra investigates data breach after SFTP hack
Finastra has confirmed it warned customers of a cybersecurity incident after a threat actor began selling allegedly stolen data on a hacking forum. Finastra is a financial software company serving over 8,000 institutions across 130 countries, including 45 of the world’s top 50 banks and credit unions. The company employs 12,000 people, and last year, it reported a revenue of…
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Blog
CBA’s x15ventures Set to Lead in Fintech AI Innovation
On Aug. 20, the Commonwealth Bank of Australia’s venture-scaling arm, x15ventures, will close applications for its annual Xccelerate program — an opportunity for tech startups to win a $250,000 investment into their company. The competition reflects the CBA’s broader efforts to establish itself as a dominant force in fintech AI. The bank’s initiatives, including its partnership with Microsoft and the…
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