Banking
FinTech
Porters Raises $27M to Strengthen AI-Driven Backoffice Solutions
Startup aims to enhance efficiency in financial services with new funding.Highlights: Porters raises $27 million in funding to improve AI-driven backoffice solutions.The funding round aims to boost operational efficiency...
FinTech
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...
FinTech
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...
FinTech
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...
FinTech
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...
Mastercard pilots tokenized bank deposits
Mastercard is launching a 'Multi-Token Network' (MTN) as part of its exploration of digital assets and blockchain technology. The MTN aims to provide secure,...
Revolut introduces automated investing in the US
Revolut has launched a robo-advisor in the US, allowing customers to automate their investment portfolios. It offers five diversified portfolios based on risk tolerance,...
Mastercard launches subscription control tool
Mastercard has partnered with Subaio to launch a subscription control tool that helps consumers manage and unsubscribe from their recurring payments. This tool aims...
Socure snaps up ID verification start-up Berbix for $70m
US-based ID verification and fraud solutions provider Socure has acquired Berbix, an ID verification firm, for $70 million in cash and stock. This acquisition...
UK signs financial services cooperation agreement with EU
The UK and EU have signed a financial services cooperation agreement to establish a constructive and mutually beneficial relationship in the financial sector.
FactsUK...
Capital Union Bank taps Avaloq for new online banking platform
Bahamas-based Capital Union Bank has chosen Avaloq's Web Banking solution to power its new online banking platform. The bank aims to provide enhanced control...
Orange in exclusive negotiations with BNP Paribas as it looks to exit retail banking market
French telecommunications giant Orange Group is in exclusive negotiations with BNP Paribas to transfer its Orange Bank customers and exit the retail banking market....
Visa to acquire payments and banking platform Pismo for $1bn
Visa, the payments giant, has announced its plans to acquire Brazilian issuer processor and core banking platform, Pismo, for $1 billion in cash. This...
CaixaBank launches FXWallets service for international payments
Spain's CaixaBank has launched FXWallets, a virtual account service that enables companies to send and receive international payments in over 50 currency pairs. It...

