Banking

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...

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...

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...
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Over 150 senior-level executives set to join FinTech Futures’ 40th Anniversary Summer Party

FinTech Futures is hosting its 40th Anniversary Summer Party, bringing together over 150 senior-level executives from prominent banking and fintech companies. The event will...

Robinhood reportedly laying off 7% of staff in fresh round of job cuts

US stock trading app Robinhood is reportedly laying off around 150 staff, which accounts for 7% of its full-time employees. This marks the third...

Sardine forms industry consortium to help tackle payment fraud

Fraud detection and risk management platform Sardine has formed SardineX, an industry consortium, with the aim of curbing the rise in payment fraud. The...

State Employees Credit Union taps Apiture for digital banking upgrade

New Mexico-based State Employees Credit Union (State ECU) has chosen Apiture, a digital banking solutions provider, to enhance its online and mobile banking services....

One Trading, formerly Bitpanda Pro, bags €30m funding

One Trading, formerly known as Bitpanda Pro, has raised €30 million in funding and achieved full independence from Bitpanda. Led by ex-JP Morgan executive...

European Commission proposes new measures to modernise payments

The European Commission has proposed new measures to modernize payment services in Europe, including upgrading the Payment Services Directive (PSD2) to PSD3 and enhancing...

Google Cloud launches AI-powered AML tech

Google Cloud has developed an AI-powered technology to assist global financial institutions in detecting money laundering more effectively. The solution utilizes machine learning-generated customer...

TreasurySpring raises $29m

London-based investment platform TreasurySpring has raised $29 million in a Series B funding round led by Balderton Capital. The platform allows firms to maximize...

Star One Credit Union taps Tyfone to implement instant payment solution

Digital banking services provider Tyfone has partnered with Star One Credit Union to implement an instant payment solution certified for FedNowSM, the Federal Reserve's...
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