SEB and Crédit Agricole CIB are jointly launching so|bond, a sustainable platform for digital bonds built on blockchain technology that rewards participants for improving their environmental footprint.
Digital banking startup Mondo is calling on third-party developers to participate in a two-day hackathon in London as it unveils an early iteration of its Application Programming Interface (API).
Ant Group has launched a new ‘life assistant’ app, Zhixiaobao, connecting users to a multitude of AI-agents trained for shopping, fitness and language learning.
ANZ, CommBank and Westpac all faced issues with their online banking services on Thursday thanks to a problem with a DDoS mitigation tool run by cloud services provider Akamai.
FIS has acquired Chicago-based digital banking origination and decisioning technology provider Amount. Financial terms were not disclosed.
The US arm of Industrial and Commercial Bank of China has reportedly paid a ransom to restore its systems after a hack attack last week that disrupted trading in US Treasuries.
The US Securities and Exchange Commission has created a Cyber and Emerging Technologies Unit (CETU) to focus on combatting cyber-related misconduct and to protect retail investors from hackers and the misuse of AI.
Mastercard is rolling out A2A Protect in the UK, a new service designed to help banks protect consumers from account-to-account payment fraud and resolve disputes.
JPMorgan Chase has appointed former PayPal executive Sri Shivananda as chief technology officer, according to Reuters.
Combined with this most recent funding, TransBnk has raised around $26 million in total, increasing its valuation seven times according to the Indian startup’s leadership team.
The High Court of New Zealand has set the first hearing in a $4.6 billion class action lawsuit brought by former employees against FNZ Group and 17 of its current and former directors.
During the last panel of EBAday 2024, Patricia Hines, head of banking and payments at Celent talked all things AI with Sara Amara, head of currency and clearing Europe at HSBC; Gurumurthy Palani, head of transaction banking at Gulf International Bank; Christian Sarafidis, chief executive EMEA financial services at Microsoft; and Andy Schmidt, vice president, global industry lead – banking at CGI.
The Governor of the Bank of England, Andrew Bailey has re-affirmed his support for a retail central bank digital currency, arguing that central banks are the “only game in town” as commercial banks lack the incentive to push for innovation.
More than half of asset owners and managers think that blockchain will be widely adopted in the investment industry in the next five years, yet many admit they do not know enough about it and hardly any have begun experimenting with the technology, according to a State Street survey.
Singapore ride-hailing app Grab is to move into the robo-advisory space with the acquisition of WealthTech startup Bento.