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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Affirm Joins MoreThanFair: Advancing Inclusive Credit Systems

Affirm partners with MoreThanFair to champion affordable and transparent credit solutions for American consumers and small businessesHighlights:Affirm joins MoreThanFair, a community dedicated to...

Gary Conroy Appointed CEO of TransferMate: A New Era in B2B Payments

TransferMate welcomes Gary Conroy as its new CEO, marking a transformative phase in the global B2B payments landscapeHighlights:Gary Conroy, with extensive industry experience,...

Brazil Introduces Instalment Payments to Pix for Greater Financial Flexibility

The Central Bank of Brazil announces the "Pix Parcelado" feature, enabling users to pay in instalments while merchants receive full payments instantlyHighlights:The "Pix...

Standard Chartered Appoints AI Enablement Chief to Drive Innovation

David Hardoon joins Standard Chartered as Global Head of AI Enablement, spearheading AI strategies and governanceHighlights:David Hardoon, a seasoned AI expert, has been...

Contactless Payments Dominate UK Spending in 2024

A record-breaking 94.6% of eligible in-store card transactions in the UK were made using contactless technology last yearHighlights:Contactless payments accounted for 94.6% of...

Luxembourg Banks Partner with LuxHub for Enhanced Payee Verification

Six major Luxembourg banks adopt LuxHub's Verification of Payee (VoP) platform to ensure secure and efficient credit transfersHighlights:LuxHub's VoP platform integrates seamlessly into...

M&T Bank and Mass Fintech Hub: Redefining Competition Through Collaboration

How Traditional Banks and Fintechs Are Building a Symbiotic Future in Financial ServicesHighlights:M&T Bank and Mass Fintech Hub emphasize the shift from competition...

Klarna Halts IPO Plans Amid Market Turmoil Triggered by Trump Tariffs

Swedish Fintech Giant Klarna Delays U.S. IPO as Global Markets React to Sweeping Tariff PoliciesHighlights:Klarna postpones its U.S. IPO due to market instability...

Toulouse Pioneers Crypto Payments for Public Transport

A European First: Commuters in Toulouse Can Now Pay for Metro, Bus, and Tram Tickets Using CryptocurrencyHighlights:Toulouse becomes the first city in Europe...
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