AI

JPMorgan Pilots Software to Monitor Junior Bankers’ Working Hours

New initiative aims to enhance oversight of junior employee hours worked.Highlights: JPMorgan tests software to monitor working hours of junior bankers.The initiative is part of productivity enhancement efforts.Focus on...

Goldman Sachs to Implement Performance-Based Staff Cuts in April

The bank plans restructuring amidst shifting financial landscape.Highlights: Goldman Sachs plans performance-based staff cuts in April.The restructuring aims...

Nasdaq Secures SEC Approval for Trading Tokenized Securities

This marks a significant advancement in digital asset trading.Highlights: Nasdaq gains SEC approval for trading tokenized securities.This approval...

Aveni Launches Agentic AI Council to Enhance AI Ethics

New council aims to guide ethical AI development and deployment strategies.Highlights: Aveni establishes the Agentic AI Council for...

Starling Bank Strengthens Services with Agentic AI Money Manager

The new feature aims to enhance personal finance management for customers.Highlights: Starling Bank introduces an AI-powered money manager.Agentic...
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Shawbrook taps nCino for automated SME loan origination

Purpose: Shawbrook Bank has chosen nCino’s platform to automate loan origination and portfolio management processes. Functionality: The platform will automate complex lending processes,...

Lloyds Banking Group names Rohit Dhawan as new group director of AI and advanced analytics

New Role: Rohit Dhawan has been appointed as the director of AI and advanced analytics at Lloyds Banking Group, a newly created position. ...

Wells Fargo names BNY’s Bridget Engle as new head of technology

Wells Fargo Appoints Bridget Engle as New Head of Technology Key Points:Appointment Announcement:Bridget Engle has been named Senior EVP and Head of Technology...

Texas-based TransPecos Banks selects Oscilar’s risk management tech for BaaS compliance

Partnership Announcement: TransPecos Banks, a Texas-based community bank, has partnered with San Francisco-based fintech Oscilar to enhance its compliance and risk management for...

Israel’s ThetaRay snaps up Screena to enhance financial crime detection

ThetaRay Acquires Belgian Fintech Screena Key Points:Acquisition Overview:Acquirer: ThetaRay, an Israeli provider of AI-driven transaction monitoring. Target: Screena, a Belgian fintech specializing in...

Corlytics hires new CTO, chief data officer and chief tech architect

Corlytics Leadership Reshuffle New Leadership Appointments:Steve Barnes - Group Chief Technology Officer (CTO)Role: Drive advanced technology solutions, maintain security standards Experience: Over 20...

ICYMI fintech funding round-up: Carry, Fragment, Powder, and more

ICYMI Funding Round-Up CarryFunding: $10 million Series A Lead Investor: Accomplice VC Valuation: $65 million pre-money Purpose: Hiring, R&D initiatives Additional: Opened $1 million...

B2B paytech Slope lands $65m equity and debt funding led by JP Morgan

Key Points:Investment Details:Total Investment: $65 million Led by: JP Morgan Payments Participants: Y Combinator, Jack Altman (Alt Capital), Max Altman (Saga Ventures)...

ICYMI fintech funding round-up: Dopay, Wamu, Mifundo, Papaya and more

ICYMI Funding Round-Up: Latest Fintech Funding NewsDopayAmount Raised: $13.5 million Series A extension. Lead Investor: Argentem Creek Partners. Purpose: Expansion in Egypt,...
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