CommBank’s venture scaling arm x15Ventures has invested in Seattle-based data management startup Gable, which emerged as the winner from a field of fintechs participating in its latest Xccelerate24 programme.
TrueLayer has launched an Open Banking and PSD2-based payments API, giving businesses and consumers an alternative to card payments and bank transfers.
US-based stock trading app Robinhood is planning to expand its European presence by offering investors in the region access to tokenised US securities.
Standard Chartered is rolling out a Generative AI tool to tens of thousands of employees around the world.
Enza, a Dubai-based embedded payment startup founded by former executives at Network International, has secured a $6.75 million seed equity round, co-led by Algebra Ventures and Quona Capital.
Canadian robo-advisory firm Wealthsimple has achieved Unicorn status on a CA$114 million investment round led by by TCV, along with Greylock, Meritech, Two Sigma Ventures and existing investor Allianz X
JP Morgan has signed up two major banks in the Middles East and North Africa to its Kinexys blockchain platform.
PayPal’s long-running effort to crack the high street continues with the launch in Germany of a contactless mobile wallet that lets users pay instore and in instalments with a tap of their phone.
Thought Machine has become Mastercard’s first strategic end-to-end core banking partner, with the pair offering their combined capabilities to financial institutions looking to modernise their technology stacks.
Banco Santander has committed to converting all of its 30 million payment cards across Europe to recycled plastic within the next four years.
Lawrence Wong, deputy prime minister and minister for finance, Republic of Singapore, took to the stage at Singapore Fintech Festival to make several announcements that will set the backdrop for the nation state’s fintech journey in years to come.
Berlin-based crypto startup Unstoppable Finance is preparing to build Europe’s “first fully regulated DeFi-native bank” alongside a fiat-backed Euro stablecoin.
Share prices of Big Tech companies Google and Microsoft shot up on Friday, a result of large investments in artificial intelligence (AI) that led to immediate revenue returns.
Digital business bank Grasshopper has raised $46.6 million to support its merger with Auto Club Trust.
The European Central Bank (ECB) has teamed up with digital innovation outfit Reply to run a 48-hour coding marathon focused on the application of AI and machine learning.