Financial services software this week

This week across financial services software: cybersecurity, payments, core banking, lending and every other registry category, each with its sources and the products in the Vederca registry.

• Cybersecurity: G7 to war-game AI cyberattacks on banks as Korean breaches spread
  G7 finance leaders plan simulated AI cyberattacks on banks, while South Korea's regulator says personal data is presumed leaked from 16 financial institutions. Supervisors are moving from warnings to testing and inspections of AI-enabled cyber risk.
• AI: Banks shut the door on outside AI agents as supervisors tighten focus
  JPMorgan, Citi and Schwab moved to block outside AI agents from customer accounts, while the FSB finalised 12 sound practices for AI adoption. The market is moving toward verified, bank-controlled agents and closer supervisory focus on AI cyber risk.
• Financial crime and fraud: Bank of America's $1.21bn AML penalty sets the week's tone
  US regulators penalised Bank of America $1.21 billion for money laundering and sanctions failures, and the IMF and World Bank launched a Bangkok Blueprint on cyber fraud. The market is moving towards shared scam intelligence, device signals and AI agents in AML work.
• Core banking: MyState and Queensland Country Bank pick new cores as tokens reach the ledger
  Two Australian institutions chose new core platforms this week, MyState Limited with TCS BaNCS and Queensland Country Bank with Fiserv and VeriPark. The market is moving towards cores that handle stablecoins and tokenised deposits alongside ordinary accounts.
• Payments: Visa and Mastercard take stablecoins from pilots into production
  Visa moved Visa Direct stablecoin capabilities into commercial deployment and Mastercard launched a fiat and stablecoin platform with BVNK. The market is moving towards stablecoins inside bank cores and card rails, with banks testing their own tokens.
• Cloud infrastructure: Banks take AI to sovereign cloud as market infrastructure migrates
  Starling trained a banking AI model on UK sovereign cloud, while CLS and CME Group reported progress on infrastructure migrations. The market is moving towards hyperscaler partnerships built around AI, with supplier credentials and reporting duties under closer watch.
• Technology services and consulting: MyState picks TCS BaNCS as banks deepen ties with fewer suppliers
  This week MyState Limited selected TCS BaNCS for its core banking, and Truist expanded its Hyderabad capability centre with Infosys as it consolidates Indian suppliers. The market is moving toward fewer, deeper provider relationships and packaged platforms sold across borders.
• Digital banking: JPMorgan shuts out outside AI agents as stablecoins reach cards
  JPMorgan Chase said it will not let outside AI agents directly access retail accounts, while Mastercard, Stripe and Episode Six launched stablecoin and tokenised money products. The market is moving toward agent access controls, stablecoin card rails and bundled business banking.
• Lending and origination: AI tools move deeper into mortgage origination
  nCino launched an AI suite for mortgage loan officers, Blend signed a tenth lender to its AI platform and Vesta raised $30 million. The market is moving toward automated origination, wider credit data and fintech lenders seeking bank charters.
• Regulatory reporting and risk: US supervisors press large banks on AML failings and debanking
  The OCC fined Bank of America $750 million for Bank Secrecy Act violations and reported on debanking at the largest national banks, while the ECB gave institutions an IAS 1 or IFRS 18 reporting option. Supervisors are turning to AI controls and data provenance.
• Superannuation administration: APRA counts one million members in unsustainable super funds
  APRA says one million Australians are in 'unsustainable' super funds, while ASIC wants closer scrutiny of super valuations. The market is moving towards tighter investment oversight, larger contribution flows under payday super and consolidation among administrators.
• Automation and workflow: Agents move into payments and treasury as authorisation rules strain
  This week, agentic AI moved into live treasury operations and mortgage quality control, while 10x Banking's ledger began powering Tungsten Automation's Pay+. The market is moving toward agents that act on payments, which is challenging what counts as an authorised transaction.
• CRM and customer experience: CRM consolidation and AI agents lead a busy Salesforce week
  ABSA Bank consolidated 22 systems into one with Salesforce, and HMRC selected Salesforce to modernise UK tax services. The market is moving towards AI agents built into CRM, from outbound sales to agreements, with allowlist controls over agents.
• HR and payroll: Workday bets on AI agents as analysts question HR budgets
  Workday launched Autopilot AI agents and a collaboration with Anthropic for HR and finance, while KeyBanc downgraded the stock. The market is moving toward AI agents in HR service, but KeyBanc says HR technology budgets are funding a wider AI push.
• Insurance core: Life claims scrutiny and insider fraud lead a quiet core week
  This week APRA published life insurance claims and disputes statistics, ifa reported sanctions over claims delays, and US authorities charged claims staff with fraud. The market is moving claims onto cloud SaaS and bringing reinsurance closer to the core.
• Wealth and investment platforms: AI spending outpaces proof as wealthtech funding climbs
  This week Fortnum Private Wealth paid $1.35m to resolve a cyber case, and a report found only 8% of fund managers see improved returns from AI. Wealthtech funding is tilting to larger deals, and platforms are joining data and execution tools.
• Open banking and CDR: Equifax adds Mastercard open finance data as NZ weighs pay by bank costs
  This week Equifax added consumer-permissioned insights via Mastercard Open Finance for lenders, and New Zealand's Commerce Commission said open banking is cheaper for businesses than debit cards. The market is moving towards lending use cases and payment platforms behind a single API.
• Data and analytics: Data providers open new channels as provenance moves up the agenda
  This week data providers widened how lenders and AI tools reach credit, property and payments data, while APRA and the ECB released statistics and reporting changes. The market is moving towards provenance checks on data and AI outputs.
• ERP and finance: ERP suites add payments, consolidation and AI to finance
  ERP and finance vendors spent the week adding payments, consolidation and AI to finance software, while Oracle reported new Fusion customers. The market is moving towards suites that pay, consolidate and automate in one place, with AI assistants as a new front end.
• Collections and recoveries: A credit union takes Temenos Collections on SaaS in a quiet week
  This week Sound Credit Union said it will deploy Temenos Collections on SaaS, and 88% of surveyed SME finance professionals said stablecoins could improve cross-border B2B collections. Collections software is being taken as SaaS, while stablecoin acceptance trails interest at 27%.
• Legal and contract management: Card fee settlement fight and bank deals put contracts in focus
  This week Visa and Mastercard urged a court to approve their swipe fee settlement, and Axa braced to lose its Paschi contract amid Italian bank deals. Legal AI tools are moving across borders, while a vendor bankruptcy tests contract protections.
• Treasury and balance sheet: Intraday liquidity moves unevenly as tokenised fund liquidity draws capital
  This week a Sibos 2026 discussion pointed to uneven bank progress on intraday liquidity, and Fission raised $10m for tokenised fund liquidity. The market is moving towards real-time balance sheet operations, though stablecoin use still trails interest.