Doconomy raises $19 million to accelerate carbon emission reduction goal
Climate data platform Doconomy has raised $19m of equity capital to help accelerate expansion and the recruitment of new talent.
JPMorgan rolls out Generative AI ‘research analyst’ to staff
JPMorgan Chase has rolled out an inhouse developed Generative AI chatbot to staff, likening it to a having a research analyst at your desk.
Payments fintech Navro acquires first US licence
Navro, the London-headquartered fintech that simplifies international payments for businesses, has secured its first US money transmitter licence.
Pave raises $14m for AI-driven portfolio management platform
Pave Finance, a provider of AI-powered, institutional-grade, personalised wealth management software, has raised $14 million in seed funding.
Garanti BBVA issues biometric card
Turkey’s Garanti BBVA has rolled out a Mastercard contactless credit card with a built-in fingerprint scanner.
Nvidia’s earnings soar as AI hits the mainstream
Nvidia has announced the company’s financial results for the fourth quarter that reported a revenue of $22.1 billion, 22% higher from Q3 and 265% increased from last year.
Viva Wallet seeks €500 million fundraising – Reuters
Greek payments firm Viva Wallet has hired investment bank Jeffries to advise on the €500 million fundraising just weeks after officially acquiring Praxia Bank’s banking license.
Poste Italiane and Allianz Asset Management buy EUR40 million stake in Moneyfarm
Poste Italiane and Allianz Asset Management have each acquired a minority stake in digital wealth management company Moneyfarm.
UK fintech Dojo raises $190 million
UK payments technology provider Dojo has secured its first equity raise of $190 million from Vitruvian Partners.
Central Bank of Ireland blocks staff use of ChatGPT
Ireland’s central bank has become the latest financial institution to ban its employees from using the artificial intelligence (AI) chatbot ChatGPT.
WFE issues warning about 24/7 trading
Securities market participants will have to make a number of changes to their operations if they are to handle a move to 24/7 trading.
Neobanks’ Covid-19 recovery will provide the blueprint for future scalability in fintech
The fintech industry continues to flourish across Europe, the Middle East and Africa despite economic setbacks such as those that have emerged following the outbreak of Covid-19.
Visa invests in spend management platform Mynt
Visa has invested in Swedish spend management firm Mynt alongside an expanded reseller agreement across Europe.
Sustainability-linked bonds see a drop in issuance – AFME ESG Report
The Association for Financial Markets in Europe (AFME) has released its ESG report for the third quarter of 2024, seeing key developments in the ESG finance space.
Visa and Tangem combine payment card with crypto wallet
Crypto wallet provider Tangem is partnering with Visa on the launch of a payment card that will be integrated with the Swiss firm’s self-custodial hardware wallet.