Untangled Finance raises $13.5m to bring institutional grade private credit on-chain
UK fintech Untangled Finance has raised $13,5 million for it platform to bring institutional-grade credit with a built-in liquidation mechanism on-chain.
ASX opens customer development centre for blockchain settlement system
The Australian Securities Exchange has moved closer to its goal of rolling out a blockchain-based settlement system with the opening of a new Customer Development Environment for users to test and interact with the new system.
Epam wins $300m UBS deal
The world’s largest wealth manager, UBS, has inked a $300 million-plus, multi-year deal with technology firm Epam Systems as it seeks to put IT at the heart of its cost reduction programme.
OBL reports rise in APP fraud affecting open banking payments
Open banking payments in the UK are beginning to catch the attention of fraudsters, with authorised push payment scams on the rise.
Visa applies generative AI to clamp down on brute force attacks
Visa is introducing a generative AI tool to assign real time risk scores to transactions in a bid to stop enumeration attacks that use automated scripts and botnets to test for vulnerabilities.
What biodiversity entering the mainstream means for private finance
A common thread has emerged from COP16: private finance mobilisation will define the scale at which progress grows in the coming years, but it cannot do it alone.
Volt and ekko partner to help shoppers remove plastic from the ocean
Real-time payments platform Volt has teamed up with sustainability fintech ekko to help retailers and their customers support the removal of plastic bottles from the ocean.
DBS hunts for top tech talent via hack2Hire programme
DBS is to recruit 150 of Singapore’s top technology talent to bolster its AI and blockchain capabilities via its hack2Hire programme.
Behavox buys Mosaic Smart Data
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.
Shariah-compliant investment platform Mnaara raises pre-seed funds
London-based fintech Mnaara.com, a startup offering investors access to global private funds while complying with Islamic finance principles, has completed a US$500,000 pre-seed round funded by investors from the UK, US, Middle East and Singapore.
Paytm rolls out AI cloud for India’s developers
India-based digital payments firm Paytm has announced the launch of AI Cloud India, a platform designed to help developers, startups and small businesses create their own payment-related apps and services.
MPE 2024: What’s new for merchant payments and the role of digital wallets?
At the annual Merchant Payments Ecosystem conference in Berlin, businesses and leaders in payments come together to exchange ideas, perspectives, and visions in the merchant payments industry.
LSE outage hits small-cap trading
The London Stock Exchange suffered two outages on Tuesday, disrupting trading in hundreds of small company shares.
US explores feasibility of settlement network for multi-asset transactions
The proof-of-concept of what has been dubbed the Regulated Settlement Network (RSN) showcased the potential of shared ledger technology to upgrade multi-asset and cross-network transaction settlement for domestic users of US dollars and regulated securities.
Lloyds invests €3 million in Enigio to accelerate document digitisation
Lloyds Banking Group has invested €3 million in technology company Enigio to expand its use of digital documentation in trade.