With wildfires, the Covid-19 pandemic, the strengthening Black Lives Matter movement and the Yemen crisis dominating headlines in 2020, the sustainable investing space has seen demand despite the IMF’s projection that global growth will fall by 3% this year, resulting in the worst recession since the Great Depression and consequences far worse than the global financial crisis.
HSBC has signed a long-term strategic cloud deal with Amazon Web Services to create a more personalised banking experience for its millions of customers worldwide.
The VC arm of insurance giant Allianz has led a $300 million Series E funding round for Ualá which values the Argentinian mobile banking player at $2.75 billion.
Sustainable finance provider ecolytiq has secured a €13.5 million financing round led by Visa and other blue chip investors.
Swedish embedded finance player Froda has secured €20 million in Series B financing to fuel its European expansion and provide more SMEs with financing.
Bank-to-bank Payment network Swift is working with Google Cloud to develop multi-jurisdictional anti-fraud technologies that use advanced AI and federated learning
Standard Chartered is working with crypto exchange OKX on a collateral mirroring programme, enabling institutional clients to utilise cryptocurrencies and tokenised money market funds as off-exchange collateral for trading.
Sila, the banking and API payment platform set up by former Simple co-founder Shamir Karkal, has closed a $7.7 million seed funding round.
Wells Fargo is blending robo-advisor technology with the human touch for a new investment advisory account dubbed Intuitive Investor.
Banking regulators have put the financial industry on notice that they must begin immediately developing plans for mitigating quantum computing risks.
Bank-owned Swedish digital identity service provider BankID is launching a digital ID card.
Tandem Bank has appointed Russell Stevens as its new chief technology officer.
Bitcoin is steadily plummeting, heading towards its worst performance since 2022’s crypto winter.
Temenos has announced the launch of its Responsible Generative AI solutions as part of its AI banking platform.
Governance, risk and compliance advisor ACA Group has acquired Ethos ESG, a provider of ESG ratings data and software for financial advisors, asset managers, institutions, and investors. Financial details were not disclosed.