Goldman Sachs’ newly-created “Platform Solutions” unit, which houses the firm’s fintech, credit card and transaction banking operations, made a pre-tax loss of $1.2 billion in the first nine months of 2022.
EBA Clearing will roll out a pan-European Verification of Payee feature by the end of the year.
Ceres Global 2023 is the annual gathering of the Boston-based non-profit that partners with leaders in the capital markets industry to promote sustainability.
Pay.UK says a fraud detection pilot involving Visa has exceed expectations, suggesting that it could save the country’s economy over £112 million a year.
Guernsey’s last locally-based bank ceased trading in 1996, making Bank Aston the first to be licensed by the Guernsey Financial Services Commission (GFSC) for almost thirty years.
UK digital bank Kroo is approaching investors for a £70 million funding round with the goal of reaching profitably within two years of its launch in December 2022.
Funding Options, the data driven marketplace for SMEs, has launched Funding Cloud, an integrated real-time cloud-based platform to navigate the complexity of the fragmented lending market.
Amazon has announced they will be giving their virtual assistant ‘Alexa’ an injection of a new generative AI model as the AI race between tech giants continues.
Leading bank in Asia, United Overseas Bank (UOB), has today announced it has been approved to join the Equator Principles Association, and has adopted the Equator Principles (EPs).
The Bank of England has been heavily criticised by a former chairman of the US Federal Reserve for relying on outdated technology for its economic forecasts.
Klarna has signed on to use Google Cloud’s full AI stack, from infrastructure, to platform, to models.
Alphabet Inc., Google’s parent company, is merging two AI-focused research divisions, Google Brain and DeepMind, to keep up the pace with competing AI developments.
The International Organisation or Securities Commissions (Iosco) has launched a consultation paper to examine the risks associated with the evolving business models of stock exchanges and other market infrastructures.
At EBAday 2024 in Lisbon, after a buzzing morning of introductions and a keynote to set up the themes for the rest of the conference, David Birch presented a challenge speech titled ‘Digital Money, Digital Assets, Digital Identity: The Future of Banking’.
Less than half of global asset managers and asset owners think that they are adapting technology quickly enough to support their business growth needs, according to a survey from State Street.