Commonwealth Bank of Australia has teamed up with Amazon Web Services to launch an inhouse ‘AI Factory’ with the aim of accelerating the adoption of Generative AI.

Fraudsters are already latching on to the new APP fraud reimbursement scheme as a means to dupe consumers into handing over sensitive banking information warns consumer group Which?.

Mastercard has introduced Cardholder Verification Code-less online payments for debit and credit cardholders in India who have tokenised their cards on merchant platforms.

ZA Bank has launched banking services for stablecoin issuers, in part of their ‘Banking for Web3’ initiative.

Finextra Research will be hosting its second annual Financial Cloud Summit on March 7th 2024 at King’s Place in London.

Spain has been struck by a widespread outage across all mobile networks just four weeks after suffering from a nationwide electricity blackout, highlighting the perils of relying solely on online payment systems and apps.

Australia’s government is prepping legislation that would require buy now, pay later providers to carry out basic credit checks on new customers.

AI-powered anti-money laundering, screening and fraud prevention outfit Hawk has raised $56 million in a Series C funding round led by One Peak.

Citi and Deutsche Bank have offered up a new round of open source contributions to nonprofit Finos (Fintech Open Source Foundation).

ANZ is investing in a new security capability designed to detect mule accounts being used to receive funds from scam victims and other criminal activities.

Westpac NZ’s venture capital fund has led a $1.4 million investment round in Kiwi open finance startup Akahu.