2024-05-13 11:22
Paris-based Mistral AI, a startup working on open source large language models — the building block for generative AI services — has been raising money at a $6 billion valuation… Read More
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Latest fintech news, pay tech, regtech, blockchain news
2024-05-12 21:30
Funding Round Details:
Monzo, the UK-based digital challenger bank, has secured an additional $190 million in its latest round of funding.
The funding round was supported by new… Read More
2024-05-12 16:30
New CEO Appointment:
Swedish digital trade financing platform Mitigram has appointed Pedram Tadayon as its new CEO.
Tadayon’s Background:
Tadayon brings over 25 years of… Read More
2024-05-12 13:30
Partnership Overview:
UK-based mutual Ecology Building Society has partnered with Monument Technology, a technology division of domestic challenger bank Monument, for a signific… Read More
2024-05-12 11:21
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… Read More
2024-05-12 01:30
Equals Money to Power Chorus TM:
Equals Money, a subsidiary of UK-based paytech Equals Group, has been selected to power Chorus TM, a new financial management platform for the m… Read More
2024-05-11 23:30
Abound’s Financing Round:
UK-based credit technology firm Abound has secured a new financing round consisting of both equity and debt financing, potentially extending up t… Read More
2024-05-11 21:30
WaFd Bank Partners with Fiserv:
US-based WaFd Bank has collaborated with Fiserv to deploy a new digital payment and cash flow management solution for its small business customer… Read More
2024-05-11 16:30
Chime Fined by CFPB:
US fintech Chime has been fined $3.25 million by the Consumer Financial Protection Bureau (CFPB) for delays in issuing balance refunds to consumers after th… Read More
2024-05-11 13:30
R&T Deposit Solutions, a US-based provider of cash management and deposit placement programs, has named Mieko Shibata as its new Executive Vice President and Chief Informat… Read More
2024-05-11 11:21
CoreWeave isn’t hanging around. Hot on the heels of a mega funding round valuing the GPU cloud company at a reported $19 billion, the New Jersey startup has opened an office in London… Read More
2024-05-11 01:30
Finnish fintech Basware is acquiring AP Matching, a UK-based provider of invoice management and statement reconciliation solutions.
The financial terms of the acquisition remai… Read More
2024-05-10 23:30
Fundcraft:
Raised €5 million in Series A funding round.
Led by Swiss VC Aperture Capital with support from SIX Fintech Ventures and other early backers.
Plans to utilize th… Read More
2024-05-10 21:30
Partnership Objective: National Australia Bank (NAB) collaborates with UK-based fintech firm Banked to enhance the adoption of account-to-account (A2A) payment solutions among A… Read More
2024-05-10 11:20
Google I/O kicks off on Tuesday with a 10 a.m. PT keynote. As ever, the presentation will offer glimpses into the latest versions of the company’s software platforms, including Androi… Read More
2024-05-10 01:30
Company and Product Launch: Fintech start-up Swaystack debuts its personalised engagement platform aimed at banks and credit unions to foster digital channel growth and tailored… Read More
2024-05-09 23:30
Acquisition Announcement: GoTyme Bank, a Filipino digital challenger, has acquired Manila-based lendtech SAVii to enhance its expansion into payroll-enabled financial products… Read More
2024-05-09 21:30
Partnership Overview: AYA Bank, the second-largest bank in Myanmar, selects SmartStream’s digital payments platform for transaction lifecycle management (TLM) to manage a… Read More
2024-05-09 16:30
Partnership Overview: Lloyds Banking Group collaborates with US-based open-source solutions provider Red Hat to enhance developer experience, software quality, and speed to mark… Read More
2024-05-09 13:30
UK-based SME lender Iwoca has secured a debt funding package totaling £270 million to address the increasing demand for finance from small businesses.
The funding includes… Read More
2024-05-09 11:20
Thomas Li was working at Point72, the hedge fund founded by notorious investor Steve Cohen, when he realized that the financial industry relies heavily on manual data entry processes that c… Read More
2024-05-09 01:30
Turkish fintech Iyzico is acquiring Paynet, a B2B and B2B2C payment solutions provider, from parent company the Arena Group in a deal valued at $87 million.
This acquisition is… Read More
2024-05-08 23:30
CIBC Mellon, a joint venture between CIBC and BNY Mellon, partners with UK-based Duco for AI-powered data automation.
The partnership aims to enhance asset servicing solutions for banks, pen… Read More
2024-05-08 21:30
Appointment Announcement: Nepsis, an investment and financial advisory firm based in Minneapolis, USA, has appointed Amanda Butler as its first Chief Technology Officer (CTO).
R… Read More
2024-05-08 16:30
Partnership Announcement: Beem Credit Union, a newly launched Canadian credit union, has partnered with UK-based software developer VeriPark to upgrade its digital capabilities.
Digital Tran… Read More
2024-05-08 13:30
Acquisition by Corlytics: Corlytics, an Irish regulatory intelligence and policy compliance technology firm, has acquired an undisclosed digital regtech platform from Deloitte U… Read More
2024-05-08 11:20
Microsoft and OpenAI have announced a $2 million fund to combat the growing risks of AI and deepfakes being used to “deceive the voters and undermine democracy.”
This yea… Read More
2024-05-08 08:00
In the fast-paced fintech sector of the UK, exceptional customer support is pivotal for success. Cynergy BPO, a leading outsourcing advisory firm, underscores the critical role of tech-drive… Read More
2024-05-08 01:30
Fine Imposed on SoFi by FINRA: SoFi, an online lending platform, has been fined $1.1 million by the Financial Industry Regulatory Authority (FINRA) for alleged consumer identifi… Read More
2024-05-07 23:30
Leadership Transition at Moneythor: Moneythor, a Singapore-based fintech, has appointed Martin Frick as its new CEO and transitioned co-founder Olivier Berthier to the role of c… Read More
2024-05-07 21:30
Brunswick Credit Union Transition: Brunswick Credit Union is transitioning to the Mambu cloud banking platform ahead of the end of life of its legacy core system next year. The… Read More
2024-05-07 16:30
Funding Secured: Monese and its Platform-as-a-Service (PaaS) subsidiary XYB have secured fresh funding.
Amount and Investors: The exact amount raised and the identity of investo… Read More
2024-05-07 13:30
Partnership Overview: Nottingham Building Society, also known as The Nottingham, has partnered with California-based credit infrastructure and analytics firm Nova Credit.
Object… Read More
2024-05-07 11:19
I finally received the rabbit r1 (the company insists on this lowercase styling) I’ve been writing about since its debut at CES in January. And I was able to tell within about 30 seco… Read More
2024-05-07 01:30
Partnership Overview: Libro Credit Union in Canada is transitioning its multiple legacy systems and lending operations onto nCino’s cloud banking platform.
Libro’s P… Read More
2024-05-06 23:30
Additional $100 Million Penalty: JP Morgan Chase is set to pay an additional $100 million penalty to an unnamed US regulator over alleged data deficiencies in its trade surveill… Read More
2024-05-06 21:30
Appointment of Brian Schwieger as Chairman: Globacap, a private capital platform, has appointed Brian Schwieger, an industry veteran, as its new Chairman.
Expectations: Schwiege… Read More
2024-05-06 16:30
Appointment of David Larson as CFO: Feedzai has appointed David Larson, a former Thomson Reuters executive, as its new Chief Financial Officer (CFO).
Responsibilities: Larson wi… Read More
2024-05-06 13:30
BNI Madagascar’s Digital Modernization Journey: BNI Madagascar, headquartered in Antananarivo, is undergoing a digital modernization journey to enhance services for SME cl… Read More
2024-05-06 11:19
A controversial push by European Union lawmakers to legally require messaging platforms to scan citizens’ private communications for child sexual abuse material (CSAM) could lead to m… Read More
2024-05-06 01:30
Securitize Funding Round: Securitize, a US-based firm specializing in asset tokenization and traditional securities, has successfully completed a $47 million funding round.
Lead… Read More
2024-05-05 23:30
Bank of Ireland Investment: Bank of Ireland is investing €34 million into its telephony and customer relationship management (CRM) systems to enhance its customer service operations.
En… Read More
2024-05-05 21:30
Backflip: US-based proptech Backflip raised $15 million in a Series A funding round led by FirstMark Capital, with participation from existing backers and industry angels. The c… Read More
2024-05-05 16:30
Acquisition Details: UK-based Delta Capita has acquired Client On-Boarding, an end-to-end KYC client lifecycle management compliance solution, from the London Stock Exchange Group (LSEG). Th… Read More
2024-05-05 13:30
Funding Round: Danish fintech Ageras has raised €82 million in a private investment round to support future acquisitions and expand its product offerings.
Investors: Global… Read More
2024-05-05 11:18
Airbnb’s summer release is usually a grand affair with tons of updates for guests and a few for hosts. This time, however, the company is introducing just a few updates for gro… Read More
2024-05-05 01:30
Introduction of Higala: Higala, an inclusive instant payment system (IIPS), has been launched in the Philippines to reduce the cost of real-time payments, targeting the financially excluded… Read More
2024-05-04 23:30
CEO Retirement: Noel Quinn, the CEO of HSBC, is set to retire after five years in the role.
Reason for Retirement: Quinn states that he aims to achieve a better balance between his personal… Read More
2024-05-04 21:30
Partnership Announcement: State Bank of India (SBI) has entered a new five-year partnership deal with HCLSoftware, a subsidiary of Indian IT consultancy HCLTech, to digitize its… Read More
2024-05-04 16:30
Leadership Transition at Renasant Corporation: Renasant Corporation, the parent company of Renasant Bank, announced that its President and COO, Kevin Chapman, will become the CE… Read More
2024-05-04 13:30
Appointment of Bronwyn Boyle as CISO: PPRO, a digital payments infrastructure firm based in London, has appointed industry veteran Bronwyn Boyle as its new Chief Information Sec… Read More
2024-05-04 11:18
In 2019, Jyoti Bansal co-founded San Francisco-based security company Traceable alongside Sanjay Nagaraj. With Traceable, Bansal — who previously co-launched app performance managemen… Read More
2024-05-04 01:30
Partnership with Microsoft Azure AI: Franklin Templeton, a US-based investment management firm with over $1.6 trillion in assets under management, is partnering with tech giant… Read More
2024-05-03 23:30
Potential Sale of GM Credit Card Programme: Goldman Sachs is reportedly in talks with Barclays regarding the potential sale of its General Motors (GM) credit card programme, whi… Read More
2024-05-03 21:30
Acquisition Announcement: UMB Financial Corporation (UMB) has entered into a definitive agreement to acquire Colorado-based bank holding company Heartland Financial USA (HTLF) i… Read More
2024-05-03 11:18
Yelp announced a new AI-powered chatbot today for consumers that helps them connect with relevant businesses for their tasks. The company joins a long list of organizations leaning into AI… Read More
2024-05-02 13:30
New COO Appointment: Pierre-Yves Guegan has been appointed as the new Chief Operating Officer (COO) of the French banking group, Crédit Commercial de France (CCF Group)… Read More
2024-05-02 11:16
Anthropic, one of the world’s best-funded generative AI startups with $7.6 billion in the bank, is launching a new paid plan aimed at enterprises, including those in highly regulated… Read More
2024-05-02 01:30
Partnership Announcement: Affinity Credit Union (Affinity CU), based in Iowa, USA, has announced a partnership with Mahalo Banking to enhance its digital capabilities and attrac… Read More
2024-05-01 23:30
Investment Details: Haveli Investments, a technology-focused private equity firm based in Austin, USA, invested $150 million in Blend Labs. The investment was made through the purchase of Bl… Read More
2024-05-01 21:30
Leadership Transition at Vatic AI:
Vatic AI, a US-based fintech, appoints Dilip Krishnan as its new President and CEO, succeeding Arthur Becker.
Arthur Becker will transition to… Read More
2024-05-01 11:16
Entrepreneurs Al Yang and Adar Arnon met at Harvard Business School and quickly realized that they had an interest in common: cybersecurity.
“We’ve witnessed an evolving… Read More
2024-04-30 11:14
We’re still well over a month out from WWDC, but Apple went ahead and snuck in another event. On Tuesday, May 7 at 7 a.m. PT/10 a.m. ET, the company is set to unveil the latest additi… Read More
2024-04-29 11:14
Meta’s new large language model, Llama 3, powers the imaginatively named “Meta AI,” a newish chatbot that the social media and advertising company has installed in as many… Read More
2024-04-29 10:10
3DS is more than just a commodity – it’s a hidden gem that can help banks increase authorisation rates, decrease losses, and drive revenue… Read More
2024-04-29 08:17
In the rapidly evolving landscape of financial technology (fintech), companies are increasingly turning to business process outsourcing (BPO) in South Africa to enhance operational efficienc… Read More
2024-04-28 11:14
After a successful unveiling at CES, Rabbit is letting journalists try out the R1 — a small orange gadget with an AI-powered voice interface. This comes just weeks after the launch of… Read More
2024-04-27 11:14
All-around, highly generalizable generative AI models were the name of the game once, and they arguably still are. But increasingly, as cloud vendors large and small join the generative AI… Read More
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
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
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