Banking

Westpac Strengthens Workforce Efficiency with Microsoft Copilot

The bank launches AI-driven tool to enhance productivity for employees worldwide.Highlights: Westpac introduces Microsoft Copilot to its global workforce.The AI tool aims to boost employee productivity across the bank.This...

Barclays US Consumer Bank Strengthens Operations with Call Centre GenAI

Improvements in efficiency noted through AI-driven customer service solutions.Highlights: Barclays US Consumer Bank reports substantial gains from GenAI...

FCA Sues Crypto Exchange HTX Over Illegal Promotions

Regulatory action targets HTX for unauthorized promotional activities.Highlights: FCA files lawsuit against HTX for illegal promotions.HTX accused of...

Betterment Data Breach Exposes 1.4 Million Accounts

Customers urged to monitor accounts following the breach incident.Highlights: Betterment reports a data breach affecting 1.4 million customer...

Amazon Launches Pay by Bank Feature in the UK

New payment method aims to enhance shopping convenience for customers.Highlights: Amazon launches Pay by Bank in the UK.Feature...
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UniCredit enters next phase of transformation with leadership restructuring

UniCredit, a commercial bank based in Milan, has undergone a leadership restructuring to advance its digital and banking transformation. The bank has appointed Ali...

DBS launches e-CNY merchant collection solution in Mainland China

Singaporean banking giant DBS has launched an e-CNY merchant collection solution in Mainland China, allowing businesses to receive payments in China's central bank digital...

Britcoin privacy preserved as Bank of England taps Nuggets for identity layer

The Bank of England is collaborating with Nuggets, a decentralised identity and payment platform, to design a privacy-preserving identity layer for a potential digital...

Nine UK banks tap Mastercard for new AI-powered fraud risk solution

Mastercard has launched an AI-powered Consumer Fraud Risk solution in the UK, with nine banks, including Lloyds Bank, Halifax, Bank of Scotland, NatWest, Monzo,...

The Law Commission of England and Wales publishes recommendations for digital asset law reforms

The Law Commission of England and Wales has published recommendations for the reform of digital asset laws, aiming to establish a clear and consistent...

Moneycorp appoints Velizar Tarashev as new CEO

Moneycorp, a UK-based cross-border payments firm, has appointed Velizar Tarashev as its new CEO. Tarashev, who previously served as the company's CFO, will replace...

Former Goldman Sachs partner joins Clowd9 as CFO

Former Goldman Sachs partner Christian Channell has joined Clowd9 as its Chief Financial Officer (CFO). Channell's extensive experience in financial planning and operations, as...

UK challenger Tandem Bank secures £20m in funding

UK challenger bank Tandem has secured £20 million in new funding from Quilam Capital. The funding will support Tandem's growth trajectory and enhance its...

Corlytics snaps up Clausematch in latest regtech acquisition

Irish regulatory risk intelligence firm Corlytics has acquired UK-based regtech company Clausematch, merging their capabilities to enhance regulatory compliance solutions. The acquisition expands Corlytics'...
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