The rapid shift to digital by established banks in Apac is outpacing their capacity to adequately protect themselves from emergent cyber threats, according to analysis by the Financial Services Information Sharing and Analysis Center (FS-Isac).
The European Central Bank (ECB) has selected Portugal-based startup Feedzai to provide fraud detection and prevention for its digital euro.
Daylight, a digital banking app built for America’s LGBTQ+ community, is shutting down weeks after three former employees filed a lawsuit against the startup.
“Candy is compulsory.” So says Eric Van der Kleij, technology entrepreneur and special adviser to Level39, the FinTech Accelerator space in Canary Wharf, as he guides the Finextra TV team on an exclusive tour of the facility.
Finextra spoke to president of product and chief operating officer, Prema Varadhan, and CVP of financial services at Microsoft, Bill Borden, on the adoption of cloud and Software-as-a-Service during the Temenos Community Forum in Vienna earlier this year.
AI insights company Behavox has acquired Mosaic Smart Data, a vendor that helps financial institutions extract actionable intelligence from their transaction data. Terms of the deal were not disclosed.
The first afternoon panel discussed three of the major discussion points when it comes to AI: data, culture, and skills.
JPMorgan is far and away the market leader in tackling the threats and opportunies for banks presented by advancements in quantum computing, according to research published by benchmarking platform Evident.
Akua, a Latin American payments startup founded by former executives at Mastercard, dLocal, PayU, Jeeves and Pomelo, has secured a $4.3 million seed investment led by Propel and supported by Plug and Play, HTwenty, RallyCap, Flourish Ventures and ICventures.
Citi is the latest Wall Street giant looking to hoover up programming talent, embarking on a recruitment drive that will see it hire 2500 coders and data scientists for its investment bank this year.
Mastercard has partnered with the UAE government to advance AI capabilities and development in the Middle East. Along with the partnership Mastercard has established a global Centre for Advanced AI and Cyber Technology in Dubai to accelerate generative AI research.
A Welsh fintech startup has developed a novel way to combat card-not-present fraud – by migrating offline tap and pin payments to the e-commerce realm.
Fintechs that fail to embed AI into their operating model will find it increasingly difficult to orchestrate an exit, according to investment bank and tech advisory firm Artis Partners.
Some of the UK’s biggest high-street banks have been put in a ‘red’ warning category based on new analysis of their fossil fuel investments and green policies.
Trading app Robinhood has agreed a $200 million cash deal to buy crypto exchange Bitstamp in an effort to expand outside of the US and accelerate its push into digital assets.