IBM scores $260m deal with Bank of the Philippine Islands
The Bank of the Philippine Islands (BPI) is looking to boost its digital transformation through a $260 million, multi-year services agreement with IBM.
SEB joins AI factory joint venture
SEB has joined a Swedish consortium building an AI factory with Nvidia.
Revolut says Meta platforms are a ‘hotbed’ for scams
In tune with bank findings, Revolut scam data for 2023 reveals that the majority of all its reported crime cases in the UK started on Meta platforms.
Multiple firms impacted by zero-day vulnerability in MOVEit file transfer system
Payroll services provider Zellis is the latest firm to have been targeted by the MOVEit cyber breach, confirming that personal data from eight client firms has been stolen.
Visa expands Fintech Fast Track programme
Visa is expanding its North America Fintech Fast Track programme beyond card issuance to connect members to its real-time money movement platform.
Freetrade slashes valuation by 65%
Investment app Freetrade has slashed its valuation by 65% as it prepares for a fresh crowdfunding campaign in June.
Brazilian B2B payments platform Barte raises $3m
Brazilian business-to-business payments platform Barte has raised $3 million in a seed funding round.
SS&C agrees $120m Innovest Systems takeover
SS&C has struck a deal to buy wealth management technology outfit Innovest Systems for $120 million in cash and stock.
MPE 2024: What does a smart city look like?
In a keynote presentation at Merchant Payments Ecosystem 2024 in Berlin, Hemlata Narasimhan, president of Elavon explored what a smart city could look like in 2030, using Venice, Italy as a case study.
Emirates NBD’s Deniz Ventures, Rasmal Ventures provide Mena securitisation innovation $7.6m boost
The world’s first AI-powered securitisation platform, TeamSec, aims to transform the structured finance industry through a securitisation-as-a-service platform.
Turkish investment bank BankPozitif taps Taurus for crypto custody
Turkish digital investment bank BankPozitif has teamed up with Swiss blockchain startup Taurus for a push into crypto.
CFIT convenes industry coalition to develop an Open Property Smart Data scheme
Fintech growth quango, the Centre for Finance, Innovation and Technology (CFIT) has convened an industry-wide coalition to revolutionise the home-buying process.
Regtech docStribute raises £820k
Distributed Ledger Technology-based regtech docStribute has raised £820,000 from a gaggle of angels in a pre-Series A funding round.
Nationwide partners Swindon Institute of Technology to deliver apprenticeships
Nationwide Building Society has teamed up with the new Swindon Institute of Technology to recruit apprentices in area such as cybersecurity, software development and DevOps.
Citi partners YieldStreet to offer investment opportunities to the masses
Digital wealth management platform YieldStreet has struck a deal with Citi to make the bank’s credit investments available to retail investors.