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Ukrainian fintech reaches unicorn status

Ukraine’s financial services market is celebrating another unicorn after Fintech-IT Group, the tech company behind the one of the country’s most popular online banking service, received an investment to push its valuation beyond $1bn.

CommBank builds AI Factory with AWS

Commonwealth Bank of Australia has teamed up with Amazon Web Services to launch an inhouse ‘AI Factory’ with the aim of accelerating the adoption of Generative AI.

Spanish mobile networks go dark

Spain has been struck by a widespread outage across all mobile networks just four weeks after suffering from a nationwide electricity blackout, highlighting the perils of relying solely on online payment systems and apps.

Australia introduces BNPL rules

Australia’s government is prepping legislation that would require buy now, pay later providers to carry out basic credit checks on new customers.