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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Danske Bank taps Infosys for digital transformation

Danske Bank, a Nordic banking giant, has partnered with Infosys to accelerate its digital transformation initiatives. As part of the collaboration, Infosys will acquire...

Novobanco taps Feedzai for fraud protection and enhanced CX

Portuguese bank Novobanco has partnered with Feedzai to enhance its customer experience, improve its digital journey, and provide fraud protection. Novobanco will deploy Feedzai's...

ACI Worldwide launches instant pay option for merchants in the UK and Europe

ACI Worldwide has launched ACI Instant Pay, a real-time payments solution that allows merchants in the UK and Europe to accept instant online, mobile,...

FreedomPay integrates Visa network tokenisation capabilities

FreedomPay, a global leader in Next Level Commerce™, has partnered with Visa to integrate Visa's network tokenization capabilities within FreedomPay's global identity and tokenization...

Mastercard expands Engage partner network to boost blockchain innovation

Mastercard is expanding its Engage partner network to support blockchain innovation and the Web3 economy. The network aims to facilitate the launch and scaling...

Modulr launches in France and Spain

Modulr, an embedded payments leader, has expanded its presence and product functionality in France and Spain. With regulatory and branch registration approvals from the...

Tuum and Marqeta offer pre-integrated fintech offering

Tuum and Marqeta have formed a partnership to offer a pre-integrated fintech solution that enables European banks and fintechs to build flexible card programs....

Robinhood snaps up credit card platform X1 for $95m

Robinhood, the US stock trading app, has announced its acquisition of San Francisco-based credit card platform X1 for $95 million in cash. The deal...

PE firm Flexpoint Ford acquires loan origination fintech Baker Hill

Flexpoint Ford, a private equity firm, is set to acquire Baker Hill, a cloud-based loan origination fintech company. The acquisition aims to support Baker...
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