Business

Santander Strengthens AI Investments, Targets $1 Billion Business Value

Bank looks to boost efficiency and innovation through AI initiatives.Highlights: Santander aims to create $1 billion in business value through AI.The bank focuses on enhancing operational efficiency with technology.Investments...

FCA Strengthens Borrowers’ Credit Files with New Guidelines

UK regulator targets improved credit reporting for consumers.Highlights: FCA issues new guidelines for clearer credit reporting.Guidelines aim to...

JPMorgan Strengthens Workforce with AI-Focused Staff Redeployment

The bank aims to enhance efficiency by restructuring roles for AI integration.Highlights: JPMorgan is redeploying staff to better...

Allica Bank Achieves Unicorn Status After $155 Million Series D Funding

The bank's latest funding round propels it to a valuation exceeding $1 billion.Highlights: Allica Bank raises $155 million...

Currenxie Launches Cross-Border Payments Account for SMEs in the UK

New service aims to streamline international transactions for small businesses.Highlights: Currenxie launches a new account for cross-border payments...
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Alibaba Cloud launches open-source vision language model

Alibaba Cloud has introduced two open-source large vision language models (LVLM): Qwen-VL and Qwen-VL-Chat. These models can understand images, texts, and prompts, enabling multi-round...

FSS launches payments technology platform BLAZE

FSS launches 'BLAZE,' an advanced payments technology platform, promising speed, scalability, and enhanced services for banks and financial institutions. FactsFinancial Software & Systems Pvt...

Vietnam joins regional payment connectivity initiative

State Bank of Vietnam (SBV) joins the Regional Payment Connectivity (RPC) initiative, expanding collaboration among ASEAN central banks for seamless cross-border payments. FactsThe RPC...

DBS unveils Metaverse adventure to spotlight global food waste challenge

DBS unveils its metaverse concept, DBS BetterWorld, as a gamified adventure to address the global food waste challenge, showcasing Businesses for Impact supported by...

FSS launches new payments technology platform for banks

India-based paytech company Financial Software & Systems (FSS) has launched Blaze, a payments technology platform designed to enhance scalability and security for banks and...

Better.com’s share price stumbles on Nasdaq debut

Better.com had an underwhelming debut on the Nasdaq after going public, with its share price falling by 93%. It went public through a SPAC...

Alpha Bank acquires Orange Money’s Romanian retail business

Alpha Bank Romania, a subsidiary of the Greek Alpha Bank Group, is set to acquire the Romanian retail business unit of Orange Money for...

ICYMI fintech funding round-up: Zanifu, Koverly, Micronotes & more

Fintech start-up Zanifu secures $11.2 million for African expansion. B2B payment provider Koverly raises $7.6 million for FX payment platform. Micronotes adds $2 million...

LemFi bags $33m in Series A funding round to fuel global expansion

Fintech start-up LemFi (formerly Lemon Finance) secures $33 million in Series A funding led by Left Lane Capital, bringing their total funding to $46.8...
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