Evidence suggests that centring operations around customers rather than focusing on products improves user experience and generates revenue. The cloud can help incumbent banks digitise operations that are structured around siloed, on-premises systems, data and processes, and enable them to become customer-centric.
Pactio, a UK-based fintech focused on the private equity (PE) market has completed an £11m series A funding round
World, the crypto biometric project fronted by OpenAI boss Sam Altman, has released a revamped version of its app with support for US dollar virtual accounts and a host of stabelcoins.
Leading economists, bankers and investors have said G20 leaders must prioritise ambitious regulation to prevent a global financial crash caused by continued financing of the fossil fuel industry.
More than 150 years after introducing its money transfer service, Western Union is launching its own stablecoin.
European crypto platform Bitpanda has been granted approval by the Financial Conduct Authority to expand its operations in the UK.
How much choice is too much choice? The second day of AFP in Nashville, Tennessee, saw BNY Mellon’s Sumner Francisco, Finzly’s Karuna Kathir, PTap Advisory’s Peter Tapling and Walmart’s Sarah Arnio, take to the stage to discuss the adoption and benefits of Faster Payments and the differences between rails such as instant payments, same-day ACH, and push-to-card transactions.
UK green fintech startup Tred is to wind down its business, blaming the shutdown on new reimbursement rules on authorised push payment fraud.
Wealth management firms are falling short of client expectations when it comes to their use of technology, but established players in the field are likely to respond well to the digital revolution and will not be displaced by fintech insurgents, new research from Roubini ThoughtLab suggests.
The DIFC Innovation Hub, Julius Baer and Euroclear are collaborating on a three-month tech sprint to develop services for digital assets inheritance and estate planning.
Moment has raised $36 million in Series B funding led by Index Ventures for its platform automating trading and portfolio management workflows for fixed income teams.
Revolut has completed a share sale, valuing the company at $75 billion.
NatWest is extending its collaboration with Amazon Web Services to incorporate the uptake of new generative AI technology from the cloud provider.
The parent company of crypto-focused bank Silvergate has agreed to pay $63 million to settle US regulatory charges about its anti-money laundering programme and the losses sustained during the collapse of FTX.
Singaporean robo-advisory platform Smartly is to wind down, citing intense competition in the wealth management space.