Asset Management stories
Stronger finance income and a shift to positive operating cash flow helped the payments firm lift annual net profit to NZD $1.52 million.
Lower purchasing costs and stronger finance income lifted Westcon Group NZ's annual profit to NZD $9.8 million, even as sales slipped.
Lower operating costs and foreign exchange gains helped offset softer sales, leaving net profit up to NZD $2.34 million as assets grew.
Fund administrators can now pull banking data in real time as Northern Trust's new APIs go live with NAV Fund Services first to adopt them.
Developers could save setup time as the platform lets AI agents provision media environments and carry workflows through to handover.
Its software has cut building approval times by up to 70% as authorities seek faster, more transparent planning processes.
Institutional investors may gain faster settlement and better collateral use as Ripple expands its XRP Ledger push beyond payments into fund infrastructure.
Rising use of digital payments is forcing fintechs to tighten controls as executives warn that weak access, AI and fraud defences are exposing customers.
Security teams could spot newly disclosed flaws within minutes as rising CVE volumes and faster attacks squeeze response windows.
Customers in government and defence will get local support in Australia and New Zealand as Veris takes on Octave's geospatial software distribution.
Faster digital payments are leaving fintech firms exposed as regulators and attackers pressure weak controls and resilience across the sector.
The wealth manager will use the funds to build AI tools for advisers and client service, as firms race to lift productivity and engagement.
Large asset managers will gain on-chain fund administration as the bank begins servicing tokenised products for selected US and UK clients.
Institutional investors could soon earn staking rewards through BNY's custody platform, pending regulatory review of the new service.
The move gives businesses a new framework to measure AI spending, value and governance as token-based costs become harder to predict.
Demand for trusted location data lifted annual sales as utilities, councils and consumers used new services to cut risk and plan infrastructure.
Security teams face faster, stealthier intrusions after AI agents managed to breach live systems in controlled tests by Anthropic and OpenAI.
Financial firms face fewer costly errors as a PowerPoint plug-in flags contradictory figures, calculation mistakes and mismatched data across decks.
The rare certification bolsters Phoenix Software's credentials as customers reassess VMware environments after Broadcom's acquisition.
The takeover will give institutional investors a single workflow for analysing exposures and risk across public and private assets.