Trovata buys treasury management system Atom
Cash and liquidity management platform Trovata has acquired treasury management system (TMS) Atom and secured $9 million in investment.
HKMA to pilot CBDC sandbox for tokenised deposits
The Hong Kong Monetary Authority (HKMA) has kicked off a new wholesale central bank digital currency (wCBDC) project to render support to the development of the tokenisation market in the territory.
Project Promissa launched to test tokenisation for promissory notes
Project Promissa has been launched by BIS Innovation Hub, Swiss National Bank, and World Bank to build a platform for digital tokenised promissory notes.
Mastercard unveils platform to boost payment approval rates
Mastercard has unveiled the Payment Optimisation Platform (POP), a service designed to improve approval rates for merchants using data to make intelligent decisions about transactions.
CFPB rules that BNPL lenders should be treated as credit cards
The US Consumer Financial Protection Bureau has ruled that buy now, pay later lenders should be treated in the same way as credit cards.
JPMorgan Chase dominates AI research in banking
JPMorgan Chase has consolidated its reputation as an AI research powerhouse, according to new data from benchmarking platform Evident.
FCA rules out intervention in wholesale data market
Despite finding room for improvements in the distribution of wholesale market data, the Financial Conduct Authority has ruled out intervention for fear of “unintended consequences”.
Davos: SC Ventures, Yabx invest $10m in purpose-driven lending platform Furaha
Standard Chartered’s innovation, fintech investment and ventures arm and Yabx Technologies, a Tech Mahindra group company, have signed a set of agreements to formalise their joint investment in Furaha.
Credora raises $6m for transparent credit markets
S&P Global and Coinbase Ventures have joined a $6 million funding round for Credora, a startup that has built privacy-preserving technology for real-time credit analytics.
Zopa launches current account
Half a decade after pivoting from P2P lending to become a bank, Zopa has entered the UK current account market.
BBVA inks OpenAI deal to bring ChatGPT to employees
Spanish banking group BBVA is stepping up its use of artificial intelligence, signing a deal with OpenAI to start rolling out ChatGPT to thousands of employees.
CFPB says startups and consumers must have say in open banking standard setting
The Consumer Financial Protection Bureau (CFPB) has taken another step designed to promote open banking in the US, finalising a rule for recognising data sharing standards and preventing incumbents from “squelching” startups.
BNP Paribas invests in AccessFintech
BNP Paribas is the latest banking giant to invest in AccessFintech, joining a previously announced Series C funding round for the capital markets specialist.
Fiinu on the ropes as banking licence withdrawn
Shares in UK digital banking startup Fiinu have plunged after the lender had its restricted banking licence withdrawn in the face of challenging market conditions.
Nymbus raises $53m
Cloud-based core banking provider Nymbus has raised $53 million in a funding round led by existing investor Insight Partners.