2024-04-26 13:30
Allica Bank’s Financial Performance:
Allica Bank, a UK challenger bank lending to SMEs since 2020, reported its first full year of profitability.
Revenues increased by 141… Read More
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Latest fintech news, pay tech, regtech, blockchain news
2024-04-26 11:13
To give AI-focused women academics and others their well-deserved — and overdue — time in the spotlight, TechCrunch has been publishing a series of interviews focused on remarka… Read More
2024-04-25 23:30
Internal Restructuring:
Monese, a UK-based fintech and banking services provider, is undergoing internal restructuring, with plans to split its business into two separate entiti… Read More
2024-04-25 23:30
Appointment of Alexandra Johnson:
Alexandra Johnson has been appointed as the first Chief Payments Officer (CPO) at B2B payments platform Nium.
In her role, she will lead the pl… Read More
2024-04-25 21:30
Partnership Announcement:
The Central Bank of Mauritania (Banque Centrale de Mauritanie) has announced a joint project with German security technology group Giesecke+Devrient (G… Read More
2024-04-25 16:30
Partnership Overview:
Bird, a communications platform based in Amsterdam, has selected Airwallex to power its global payments operations.
Bird’s Profile:
Founded in 2011… Read More
2024-04-25 13:30
Acquisition Overview:
JTC, headquartered in Jersey, is set to acquire First Republic Trust Company of Delaware (FRTC-DE) from JP Morgan Chase in an all-cash deal valued at $21 m… Read More
2024-04-25 11:13
Firefly, Adobe’s family of generative AI models, doesn’t have the best reputation among creatives.
The Firefly image-generation model in particular has been derided as underwhel… Read More
2024-04-25 01:30
Deal Overview:
Goldman Sachs is selling its digital investment advisory unit, Marcus Invest, to robo-advisor Betterment.
The agreement involves transferring the unit’s dig… Read More
2024-04-24 23:30
Acquisition Details:
Thunes, a B2B payments infrastructure firm, has signed a definitive agreement to acquire Tilia.
Tilia, founded in 2019, offers acceptance and pay-out servic… Read More
2024-04-24 21:30
Funding Details:
Pomelo, a San Francisco-based fintech, has raised $35 million in a Series A equity funding round.
Additionally, the company secured an additional $75 million fo… Read More
2024-04-24 16:30
New CEO Appointment at DT One:
Claudio Di Zanni has been appointed as the new CEO of DT One, a digital B2B micropayments platform.
Background and Expertise:
Di Zanni brings wit… Read More
2024-04-24 13:30
Payflows Series A Funding:
Fintech start-up Payflows has emerged from stealth mode with €25 million in Series A funding to support its enterprise financial automation platf… Read More
2024-04-24 11:13
AWS, Amazon’s cloud computing business, wants to become the go-to place companies host and fine-tune their custom generative AI models.
Today, AWS announced the launch of Custom Model… Read More
2024-04-24 01:30
New CEO Appointment:
Kneip, a Luxembourg-based fund data management and reporting solutions provider, has appointed Elisa Alonso Sanz as its new CEO, effective from 1 July.
Bac… Read More
2024-04-23 23:30
Banking Licence Approval:
UK challenger Revolut has received a banking license from Mexico’s National Banking and Securities Commission (CNBV) to operate a neobanking subs… Read More
2024-04-23 21:30
Acquisition Details:
UK fintech Gresham Technologies is set to be acquired by Alliance Bidco Ltd (Bidco), a company indirectly owned by US-based private equity firm STG Partners… Read More
2024-04-23 16:30
Funding Details:
Parafin, an embedded finance fintech, has secured a $125 million warehouse facility from Silicon Valley Bank (SVB) and Trinity Capital.
Company Background:
Fou… Read More
2024-04-23 11:13
Plenty of large corporations want to join the AI revolution, but many feel it’s too early to be locked into one foundational model. That means there’s a market for a layer betwe… Read More
2024-04-22 16:30
Partnership Overview:
Arizona Financial Credit Union (AZFCU) has partnered with NCR Atleos to upgrade its ATM network and self-service banking options.
Current Status:
AZFCU, h… Read More
2024-04-22 13:30
Santander’s Expansion Plans:
Spanish banking group Santander intends to launch its digital banking subsidiary Openbank in the United States later this year.
Openbank&rsqu… Read More
2024-04-22 11:12
Humane AI raised more than $230 million before it even shipped a product. And when it finally released its Ai Pin — which costs $699 plus a $24 monthly subscription — pretty muc… Read More
2024-04-22 01:30
Nuvei’s Licence Grant:
Nuvei, a Canadian payment technology company, has been granted a major payment institution (MPI) licence by the Monetary Authority of Singapore (MAS… Read More
2024-04-21 23:30
Acquisition by Empower Finance:
Empower Finance, a US-based credit underwriter, has entered into a definitive agreement to acquire Petal, a credit card and financial tech enterp… Read More
2024-04-21 21:30
Google Cloud’s Expansion in Financial Institutions:
Google Cloud has extended its technology to three new financial institutions, showcasing a boost for the industry’s digital ca… Read More
2024-04-21 11:12
Artificial intelligence has been in the crosshairs of governments over how it might be misused for fraud, disinformation and other malicious online activity. Now, a U.K. regulator wants to… Read More
2024-04-20 11:12
Meta has released the latest entry in its Llama series of open generative AI models: Llama 3. Or, more accurately, the company has debuted two models in its new Llama 3 family, with th… Read More
2024-04-19 11:11
Atlas lies motionless in a prone position atop interlocking gym mats. The only soundtrack is the whirring of an electric motor. It’s not quiet, exactly, but it’s nothing compare… Read More
2024-04-18 11:11
After years of easy money, the AI industry is facing a reckoning.
A new report from Stanford’s Institute for Human-Centered Artificial Intelligence (HAI), which studies AI trends, fou… Read More
2024-04-17 11:10
Generative AI, which can create and analyze images, text, audio, videos and more, is increasingly making its way into healthcare, pushed by both Big Tech firms and startups alike.
Google Cl… Read More
2024-04-16 21:30
Linqto Going Public:
US digital investment platform Linqto is set to go public via a business combination deal with Nasdaq-listed special purpose acquisition company (SPAC) Blockchain Coinve… Read More
2024-04-16 16:30
Partnership Overview:
Marks and Spencer (M&S) signs a new seven-year partnership with HSBC UK to enhance credit and digital payment services offered through M&S Bank.
Th… Read More
2024-04-16 13:30
Organizational Restructuring:
Mastercard announces plans to reorganize its teams into three units: Core Payments, Commercial and New Payment Flows, and Services.
Leadership Chan… Read More
2024-04-16 11:10
It’s a long way from pedal bikes to Formula 1. But that’s precisely the quantum leap that AI-based startup Neural Concept and its co-founder and CEO, Pierre Baqué, made i… Read More
2024-04-16 01:30
Acquisition Details:
Spend management platform Spendesk is acquiring Okko, a Software-as-a-Service (SaaS) procurement platform based in Paris, France.
The acquisition is aimed a… Read More
2024-04-15 23:30
Merger Details:
Alisa Bank in Finland is set to acquire invoice financing fintech Puro Finance through a share exchange.
The acquisition will result in Puro Finance becoming a s… Read More
2024-04-15 21:30
Funding Round Details:
Californian finance and accounting operations platform FloQast has closed its Series E funding round at $100 million.
The post-money valuation of the comp… Read More
2024-04-15 16:30
Salt Bank Launch:
Recently launched in Romania as the country’s newest digital challenger.
Operates as a subsidiary of Banca Transilvania Financial Group, based in Buchare… Read More
2024-04-15 13:30
Rimes:
Provides enterprise data management and investment intelligence solutions for asset managers.
Supported by EQT since 2020 with a significant growth investment.
Offers Mat… Read More
2024-04-15 11:10
The U.K.’s competition watchdog, Competition and Markets Authority (CMA), has sounded a warning over Big Tech’s entrenching grip on the advanced AI market, with CEO Sarah Cardel… Read More
2024-04-15 01:30
Mimo:
Raised £15.5 million led by Northzone.
Plans to expand its financial management platform for SMBs.
Pactio:
Secured $14 million in Series A funding led by EQT Ventur… Read More
2024-04-14 23:30
New CEO Appointment:
Pomelo Group, a payment infrastructure platform, has appointed Steve Vickers as its new CEO.
Background of Steve Vickers:
Vickers brings over 25 years of i… Read More
2024-04-14 21:30
New Appointment:
Dan Schulman, former president and CEO of PayPal, has joined Valor Capital Group as a part-time managing partner.
Background:
Schulman brings extensive experie… Read More
2024-04-14 11:09
Bot creators now have a new way to make money with Poe, the Quora-owned AI chatbot platform. On Monday, the company introduced a revenue model that allows creators to set a per-message pric… Read More
2024-04-13 11:08
If the decisions made by corporate boards of directors can indicate where a company wants to be focusing, Amazon’s board just made an interesting move. The company announced on Thursd… Read More
2024-04-12 11:07
Meta, hell-bent on catching up to rivals in the generative AI space, is spending billions on its own AI efforts. A portion of those billions is going toward recruiting AI resear… Read More
2024-04-11 11:07
Google continues to bring more AI-driven features to its Workspace productivity applications.
At its Cloud Next conference in Las Vegas, the company on Tuesday announced that Google Workspa… Read More
2024-04-10 11:07
eBay on Tuesday launched a new generative AI-powered feature to appeal to fashion enthusiasts: a “shop the look” section within its iOS mobile app that will suggest a carousel o… Read More
2024-04-09 11:06
The European Union and United States put out a joint statement Friday affirming a desire to increase cooperation over artificial intelligence. The agreement covers AI safety and governance… Read More
2024-04-08 11:05
Spotify already found success with its popular AI DJ feature, and now the streaming music service is bringing AI to playlist creation. The company on Monday introduced AI playlists into bet… Read More
2024-04-07 11:04
The AI boom, love it or find it to be a bit more hype than substance, is here to stay. That means lots of companies raising oodles of dollars, a healthy dose of regulatory concern, academic… Read More
2024-04-06 11:04
Despite an overall decline in startup investing, funding for AI surged in the past year. Capital toward generative AI ventures alone nearly octupled from 2022 to 2023, reaching $25.2 billio… Read More
2024-04-05 11:03
Cynicism is a quality taken almost for granted in tech journalism, and certainly we are as guilty as the next publication. But both the risk and the promise of technology are real, and a ne… Read More
2024-04-04 11:03
OnePlus has always marched to the beat of its own drummer — for better and worse. Take, for example, the company’s latest foray into mobile artificial intelligence, the AI Erase… Read More
2024-04-03 07:01
How do you get an AI to answer a question it’s not supposed to? There are many such “jailbreak” techniques, and Anthropic researchers just found a new one, in which a larg… Read More
2024-04-02 22:40
Meetings are time-consuming, and there’s no way around it. According to a 2022 poll from Deputy.com, many U.S. workers spend up to around eight hours in meetings every week, depending… Read More
2024-04-01 21:39
As deepfakes proliferate, OpenAI is refining the tech used to clone voices — but the company insists it’s doing so responsibly.
Today marks the preview debut of OpenAI’s V… Read More
2024-04-01 13:18
This morning, Skyflow announced that it has raised a $30 million Series B extension led by Khosla Ventures. The deal is interesting on a number of fronts, including the round’s… Read More
2024-04-01 07:13
Boosting online presence in the competitive FinTech arena demands a comprehensive approach that includes utilizing directory listings and generating engaging content. As the digital landscap… Read More
2024-03-31 20:36
Hello, and welcome to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Friday episode, in which we dig through… Read More
2024-03-31 16:30
Leadership Change at Bolt:
Maju Kuruvilla, who served as CEO of San Francisco-based fintech Bolt for over two years, has departed from the company.
Kuruvilla took over as CEO in… Read More
2024-03-31 13:30
Promotion of Marco Santos to Group CEO:
Marco Santos, who has been with GFT Technologies since 2011, has been promoted to the role of Group CEO, effective from 1 July 2024.
Santos has held v… Read More
2024-03-31 12:16
Google.org, Google’s charitable wing, is launching a new program to help fund nonprofits developing tech that leverages generative AI.
Called Google.org Accelerator: Generative… Read More
2024-03-31 03:56
As AI proliferates and things on the internet are easier to manipulate, there’s a need more than ever to make sure data and brands are verifiable, said Scott Dykstra, CTO and co-found… Read More
2024-03-31 01:30
Acquisition of TPG Software by Abrigo:
Abrigo, a provider of compliance, credit risk, and lending solutions, has acquired TPG Software, a financial software developer headquarte… Read More
2024-03-30 21:30
ZayZoon:
Raised $15 million in an extension of its Series B round, led by Viola Fintech with participation from Intuit Ventures, Framework Venture Partners, and Export Developme… Read More
2024-03-30 19:36
Elon Musk’s AI startup, X.ai, has revealed its latest generative AI model, Grok-1.5. Set to power social network X’s Grok chatbot in the not-so-distant future (“in… Read More
2024-03-30 16:30
Baiju Bhatt, co-founder and Chief Creative Officer (CCO) of US-based online trading platform Robinhood is stepping down from his position after ten years at the company.
Bhatt… Read More
2024-03-30 13:30
London-based regtech Global Screening Services (GSS) has secured around £37 million ($47 million) in a Series A2 funding round.
This round follows an initial £37 mil… Read More
2024-03-30 11:15
On Tuesday, the BBC reported that Uber Eats courier Pa Edrissa Manjang, who is Black, had received a payout from Uber after “racially discriminatory” facial recognition checks p… Read More
2024-03-30 02:55
The European Union published draft election security guidelines Tuesday aimed at the around two dozen (larger) platforms with more than 45 million+ regional monthly active users who are reg… Read More
2024-03-30 01:30
Indochina Bank (IB Bank), based in Laos (Lao People’s Democratic Republic, Lao PDR), is modernizing its core banking technology.
The bank has chosen Oracle’s flagshi… Read More
2024-03-29 23:30
FundGuard, a New York-headquartered investment management and administration platform, has raised $100 million in a Series C funding round.
The funding round was led by Key1 Cap… Read More
2024-03-29 21:30
UK-based Fintel, a provider of fintech and support services for the retail financial services industry, has acquired a 70% stake in fintech start-up ifaDASH.
The acquisition is… Read More
2024-03-29 18:34
Amazon invested a further $2.75 billion in growing AI power Anthropic on Wednesday, following through on the option it left open last September. The $1.25 billion it invested at the time mu… Read More
2024-03-29 16:30
Redwood Bank, a UK-based business bank for SMEs, has appointed David Kennedy as its new Chief Operating Officer (COO).
Kennedy brings a wealth of experience to the role, having s… Read More
2024-03-29 13:30
Uzbekistan-based tech firm Uzum has secured $114 million in a combination of Series A equity funding and debt financing.
The funding round elevates Uzum to unicorn status, indica… Read More
2024-03-29 10:14
Following Elon Musk’s xAI’s move to open source its Grok large language model earlier in March, the X owner on Tuesday said that the company formerly known as Twitter will soon… Read More
2024-03-29 01:54
Just about everyone is trying to get a piece of the generative AI action these days. While the majority of the focus remains on the model vendors like OpenAI, Anthropic and Cohere, o… Read More
2024-03-29 01:30
Bulgaria-based embedded finance firm Paynetics has acquired Novus, a B-Corp-certified digital bank in the UK.
Novus, founded in 2020, is an “impact neobank” that enab… Read More
2024-03-28 23:30
The Co-operative Bank in the UK is planning to cut around 400 jobs across its business.
This move is part of a cost-reduction program and aims to streamline processes, reduce the… Read More
2024-03-28 21:30
George Schmidt, formerly the senior VP of marketing at Tide, has been promoted to the position of regional CEO for the UK and Europe.
Schmidt played a significant role in Tide&rs… Read More
2024-03-28 17:33
Artificial intelligence can find hidden signals in data across healthcare, and companies like Nvidia are leaning into what this can mean. For example, it announced two dozen new AI-p… Read More
2024-03-28 16:30
Anext Bank, a digital wholesale bank based in Singapore, has reportedly received an additional SDG 200 million ($148.5 million) investment from its parent company, Ant Group.
The investment… Read More
2024-03-28 13:30
UK-based fintech AccessPay has secured $24 million in a strategic funding round led by Silicon Valley-based venture capital firm True Ventures.
The funding round also saw partici… Read More
2024-03-28 09:13
Brands want to use generative AI to personalize their marketing efforts — but they are also deathly afraid of AI going off message and ruining their brand. At its annual Summit confer… Read More
2024-03-28 01:30
London-based paytech Volopa has partnered with embedded banking platform ClearBank to expand its product range and banking services for business clients.
Volopa specializes in th… Read More
2024-03-28 00:52
There are countless reasons why home robots have found little success post-Roomba. Pricing, practicality, form factor and mapping have all contributed to failure after failure. Even when so… Read More
2024-03-27 23:30
Signicat, a European provider of digital identity solutions, has acquired SmartWorks, its counterpart in Iceland. The financial terms of the acquisition have not been disclosed… Read More
2024-03-27 21:30
BNY Mellon, a US-based banking heavyweight, has deployed Nvidia’s AI supercomputer, DGX SuperPOD with DGX H100 systems.
The deployment was completed ahead of typical timeli… Read More
2024-03-27 16:32
As the planet warms due to human-caused climate change, damage from wildfires has increased with it. The amount of forest area burned by wildfires increased 320% from 1996 to 2021, accordin… Read More
2024-03-27 08:11
Nvidia and Amazon Web Services, the lucrative cloud arm of Amazon, have a surprising amount in common. For starters, their core businesses emerged from a happy accident. For AWS, it was rea… Read More
2024-03-26 23:50
A cybersecurity startup called Cyera is betting that the next big challenge in enterprise data protection will be AI, and it’s raising a big round of funding as demand picks up for it… Read More
2024-03-26 15:29
We’re still a month or so out from Build, but Microsoft is doing a bit of a trial run this week in the form of an online-only event. What’s been billed as a Windows event is, pr… Read More
2024-03-26 07:08
You’ve gone home with a Tinder date, and things are escalating. You don’t really know or trust this guy, and you don’t want to contract an STI, so… what now?
A comp… Read More
2024-03-25 23:30
Colombian buy now, pay later (BNPL) firm Addi has secured $86 million in funding, comprising $50 million in debt financing from Goldman Sachs and $36 million in equity funding.
T… Read More
2024-03-25 22:48
It’s a bad day for bugs. Earlier today, Sentry announced its AI Autofix feature for debugging production code and now, a few hours later, GitHub is launching the first beta of its cod… Read More
2024-03-25 21:30
Cashee, a mobile banking app designed for kids and teens, is set to launch in the Kingdom of Saudi Arabia (KSA).
Founded in 2020, Cashee has three co-founders: Smeetha Ghosh (CEO… Read More
2024-03-25 16:30
Baader Bank, based in Germany, is upgrading its regulatory trade and transaction reporting systems with the assistance of Broadridge Financial Solutions’ technology.
Broadr… Read More
TechCrunch Minute: All About Microsoft’s Mega AI Push After It Hired Inflection AI’s Co-founders
2024-03-25 14:27
Microsoft’s latest gambit to snag much of the human talent from Inflection AI is causing waves this week. Redmond has previously invested in the company, but is now absorbing much of… Read More
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