Brazil’s QI Tech hunts acquisitions after $63m raise
Brazilian financial infrastructure fintech QI Tech has raised $63 million in a Series B extension funding led by General Atlantic.
Contractor gets four-year jail term for defrauding bank of over £2 million
A contractor who worked for a major UK bank has been sentenced to four years in prison after he successfully diverted over £2 million of the bank’s money into his own account.
BBVA to issue financial sector’s first biodiversity bond
BBVA Colombia and IFC are to issue the financial sector’s first biodiversity bond.
OakNorth appoints Lord Adair Turner as chairman
House of Lords member Lord Turner of Ecchinswell – Jonathan Adair Turner – has experience across Standard Chartered Bank, Siemens UK, Merrill Lynch Europe, and McKinsey.
First Abu Dhabi Bank and JP Morgan pilot programmable payments
First Abu Dhabi Bank (FAB) has carried out a programmable payments pilot using JP Morgan’s JPM Coin Blockchain Deposit Accounts.
US shutdown could spark regional bank crisis says fintech CEO
The layoffs of federal workers in the US as a result of the government shutdown could create numerous blind spots in the regulation of the country’s banking sector, says the CEO of a fintech startup.
Swiss digital private bank startup Alpian raises $18m
Alpian, a digital-first private bank aimed at Switzerland’s mass affluent market, has raised US$18 million in a Series B funding round
JPMorgan Chase boss Dimon hails ‘groundbreaking’ AI
JPMorgan Chase has more than 300 AI use cases in production, CEO Jamie Dimon has revealed, calling the technology “extraordinary and groundbreaking”.
Dimon blasts bitcoin
JPMorgan chief Jamie Dimon is continuing his anti-bitcoin tirade, telling senators on Capitol Hill that if he was in charge of Government he would shut the industry down.
Royal Bank of Canada opens API developer portal
Royal Bank of Canada has opened an API portal to encourage the development of new products by third parties using the bank’s data.
Citi fintech unit taps agile methodologies to craft new mobile app
Citibank is rolling out a new mobile app that combines banking, wealth management and money movement features on a single biometrically-secured application.
HSBC to adopt Mistral AI foundational models across the bank
HSBC has signed a multi-year deal with Mistral AI to accelerate the use of generative artificial intelligence across the bank.
UK consumers lost over half a billion pounds to scams in the first half of 2023
Criminals stole £580 million through unauthorised and authorised fraud in the first half of 2023, a two per cent decrease compared with the same period in 2022, according to new figures from UK Finance.
Sustainable Finance Live 2024: Hackathon winners announced
Team AgriEco Hub and Team 3 (NatureDelta) have been announced as the winners of this year’s hackathon, which took place in partnership with NayaOne alongside the conference.
Wells Fargo unveils digital platform for wealth management customers
Wells Fargo has launched a digital platform to help its millions of wealth management customers plan and track their money.