The startup, Mypinpad, said the capital will be used to build out its global payments and authentication SaaS offerings.
,“We are incredibly proud to have secured this investment, especially in the current difficult investment climate,” said Barry Levett, CEO of Mypinpad.
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Using payments data, privacy-enhancing technologies, AI and enhanced cooperation for a behavioural-based analysis approach to detecting money laundering networks is more effective than the current rules-based approach, concludes new research from the BIS Innovation Hub.
Nubank is doubling down on its AI-first strategy with the acquisition of Silicon Valley-based data intelligence outfit Hyperplane for an undisclosed fee.
Deutsche Bank is setting up an environmental, social and governance (ESG) centre of excellence in Singapore.
Alibaba Group has cancelled its plans to spin-off its cloud division due to uncertainties from US exports on AI chips.