Finextra spoke to president of product and chief operating officer, Prema Varadhan, and CVP of financial services at Microsoft, Bill Borden, on the adoption of cloud and Software-as-a-Service during the Temenos Community Forum in Vienna earlier this year.
AI insights company Behavox has acquired Mosaic Smart Data, a vendor that helps financial institutions extract actionable intelligence from their transaction data. Terms of the deal were not disclosed.
The first afternoon panel discussed three of the major discussion points when it comes to AI: data, culture, and skills.
Akua, a Latin American payments startup founded by former executives at Mastercard, dLocal, PayU, Jeeves and Pomelo, has secured a $4.3 million seed investment led by Propel and supported by Plug and Play, HTwenty, RallyCap, Flourish Ventures and ICventures.
Citi is the latest Wall Street giant looking to hoover up programming talent, embarking on a recruitment drive that will see it hire 2500 coders and data scientists for its investment bank this year.
Mastercard has partnered with the UAE government to advance AI capabilities and development in the Middle East. Along with the partnership Mastercard has established a global Centre for Advanced AI and Cyber Technology in Dubai to accelerate generative AI research.
A Welsh fintech startup has developed a novel way to combat card-not-present fraud – by migrating offline tap and pin payments to the e-commerce realm.
Fintechs that fail to embed AI into their operating model will find it increasingly difficult to orchestrate an exit, according to investment bank and tech advisory firm Artis Partners.
Some of the UK’s biggest high-street banks have been put in a ‘red’ warning category based on new analysis of their fossil fuel investments and green policies.
Trading app Robinhood has agreed a $200 million cash deal to buy crypto exchange Bitstamp in an effort to expand outside of the US and accelerate its push into digital assets.
South Korea’s NH NongHyup Bank has carried out a blockchain-based cross-border payments pilot via bank-backed vendor Partior’s platform.
The Bank for International Settlements has opened its European Hub, located in both Paris and Frankfurt, with a focus on decentralised finance, wholesale CBDC, cyber security and green finance.
Mimo, a UK-based platform for simplifying global payments, cash flow, and financial management for SMBs and accountants, has raised $8.5 million in an equity round led by Project A and joined by Northzone and Seedcamp.
Revolut is reportedly facing further delays in securing a full UK banking licence because of regulators’ concerns over the fintech’s risk controls relating to cross-border payment. Separately, the firm has acquired an AI travel agent incubated at an innovation hub run by airline Lufthansa.
“Investors are chasing sustainable bonds to buy, and we think that over $800 billion worth of supply globally, around 20-25% of that global share comes from APAC, namely Asia in particular,” said Chuaoni Huang of BNP Paribas during a sustainable focused panel session at Sibos 2024.