Zodia Markets, the Standard Chrtered-backed digital asset platform enabling institutional capital through stablecoins, has raised $18.25 million in a Series A funding round, as demand for real-time wholesale trading, settlement and cross-border movement via stablecoins skyrockets.
Global banks will cut as many as 200,000 jobs in the next three to five years as artificial intelligence encroaches on tasks currently carried out by human workers, according to a market survey conducted by Bloomberg Intelligence.
The London Stock Exchange Group (LSEG) and Microsoft are partnering with banks to form customised generative AI models.
BlackRock, the world’s largest asset manager, has taken its first step into the world of tokenisation.
GrailPay, a risk and data platform for bank payments, has secured $6.7 million in funding to expand its suite of tools that make ACH transactions safer and faster.
Barclaycard is supporting the launch of two new apps developed by schoolchildren as part of the UK’s Apps for Good education initiative.
Join us in London on 26 November 2024 for our inaugural NextGen: AI event and hear from Lord Chris Holmes about the potential of AI and the benefits of legislation.
Banco Santander has successfully mirgated its corporate and investmenting banking business to its new cloud-native core banking platform, Gravity.
Mastercard is linking all employee bonuses to the company’s environmental, social and corporate-governance (ESG) performance.
Nordic mobile payment platform Vipps MobilePay is to adopt Tink’s Pay by Bank platform for account-to-acount payments in Finland.
Michael Kors has become the first retailer to integrate Mastercard’s generative AI assistant, Shopping Muse, into its US website.
Nordea is to release an API which enables corporate customers to download their accounts and transactional data into their own systems, marking the first commercially viable product to emerge from the bank’s foray into Open Banking.
It is inevitable that the entire financial market will be tokenised, according to Vlad Tenev, co-founder and CEO of online trading platform Robinhood
Nationwide Building Society is to adopt EcoVadis’ sustainability rating system to build a more diverse, ethical and green supply chain.
Swiss core banking vendor Temenos has added robo-advisory and goal-based investment apps to its Infinity suite of APIs, providing retail banks with a low-cost entry point to the wealth management arena.