Light Raises $30M Series A to Fuel US Expansion and AI Accounting Automation
Danish fintech Light secures $30 million in Series A funding led by Balderton Capital to scale its AI-native accounting platform, open a New York...
Swift Developing Blockchain Ledger for Instant, 24/7 Cross-Border Payments
Swift partners with over 30 global banks and Consensys to build a shared digital ledger using smart contracts, aiming for real-time, always-on payments and...
HSBC Sells Sri Lanka Retail Banking Business to Nations Trust Bank Amid Global Retrenchment
As part of a broader strategy to streamline its global operations, HSBC agrees to divest its entire Sri Lankan retail banking arm—including 200,000 customers—to...
Former MP Chris Pond Succeeds Charlotte Crosswell as CFIT Chair
Chris Pond, ex–Labour MP and veteran financial regulator, has been appointed non-executive chair of CFIT, taking over from founding chair Charlotte Crosswell.
Highlights:
Ex-MP Chris...
Ualett Tops Up Thiele Debt Deal by $150M to Expand Gig Economy Lending
Ualett raises an additional $150 million credit line from long-time partner Thiele Capital Management to deepen outreach in underserved U.S. markets and scale its...
HSBC and IBM Achieve 34% Improvement in Bond Trading with Quantum Computing
HSBC collaborates with IBM to enhance bond trading accuracy using quantum computing, marking a significant advancement in financial technology.
Highlights:
34% Improvement in Trade Prediction:...
Alkami & Red Rocks Forge Partnership to Elevate Digital Banking Experience
Alkami and Red Rocks announce collaboration to enrich digital banking platforms with modern user experience, enhanced mobile interfaces, and streamlined bank-customer interactions.
Highlights:
Strategic Collaboration:...
Citi & Dandelion Partner to Enable Near-Instant Full-Value Digital Wallet Payouts Globally
Citi integrates its WorldLink platform with Dandelion’s digital wallet network to deliver cross-border payments directly into wallets, improving speed, cost-efficiency, and accessibility for B2C,...
IntellectAI Says Future-Ready Wealth Management Firms Must Embrace AI, Personalisation & Operational Agility
IntellectAI outlines key strategies for wealth management firms to stay competitive: adopting AI-powered automation, delivering hyper-personalised client experiences, and transforming operations through cloud-native platforms.
Highlights:...
