Business

Citi Strengthens AI Infrastructure Banking Team with Investment in Japan

Citi aims to enhance its AI capabilities through strategic team formation and investment.Highlights: Citi forms a new AI-focused infrastructure banking team.First investment made in Japan to boost fintech initiatives.Move...

New York Finalizes BNPL Rules to Strengthen Consumer Protections

New regulations aim to enhance transparency in buy now, pay later services.Highlights: New York's final regulations for BNPL...

Visa Accelerates AI Leadership in Payment Industry Race

Visa's push for AI supremacy shapes the future of financial technology.Highlights: Visa increases investment in AI technology.The payment...

Tokenization Set to Transform Financial Services Industry, Survey Finds

New survey highlights the rising importance of tokenization in finance.Highlights: A new survey shows rising interest in tokenization...

New Dataset Launch Strengthens UK Financial RegTech Sector

A comprehensive tool for mapping the UK RegTech landscape has been unveiled.Highlights: A new dataset has been launched...
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Goldman Sachs Develops AI Assistant Mimicking Seasoned Bankers

Generative AI Tool Aims to Enhance Efficiency and Decision-Making Highlights:Generative AI Tool: Goldman Sachs is rolling out a generative AI assistant to its employees,...

Tapline Raises €20M in Pre-Series A Funding for AI-Driven SaaS Financing

Berlin-based digital finance platform Tapline secures equity and debt funding to expand across Europe Highlights:€20M Pre-Series A Funding: Tapline, a Berlin-based digital finance platform,...

Capital One Customers Hit by Outage

Technical Issues with Third-Party Vendor Cause Widespread Disruption Highlights:Nationwide Impact: The outage affected thousands of Capital One customers across the US, causing delays in...

Farrier Finance Launches New Product Ratings for Business Bank Accounts

Innovative Ratings Aim to Simplify Business Banking Choices Highlights:New Ratings System: Farrier Finance introduces a new ratings system to help businesses compare bank accounts...

Barclays Research: AI Could Triple US Data Centre Usage by 2030

New Report Highlights Massive Infrastructure Demands and Environmental Impact Highlights:Projected Growth: AI could drive US data centre usage to triple by 2030, from 150-175...

UK Green Fintech Tred Winds Up Amid New Fraud Reimbursement Rules

Leeds-based Tred Closes Down After Four Years, Citing Financial Strain from APP Fraud Regulations Highlights:Tred's Mission: Launched four years ago, Tred aimed to help...

Digital Currency Group Settles SEC Charges with $38 Million Payment

Firm Agrees to Pay Fine Over Misleading Investors About Genesis Collapse Highlights:$38 Million Fine: Digital Currency Group agrees to pay $38 million to settle...

Amazon to Acquire Indian BNPL Startup Axio

E-commerce Giant Expands Financial Services with $150 Million Deal Highlights:$150 Million Deal: Amazon agrees to acquire Axio for over $150 million. Six-Year Partnership: Amazon...

UK’s Payment Systems Regulator Updates Strategy for Enhanced Competition and Innovation

PSR Focuses on Protecting Users and Advancing Payment Systems Amid Mid-Strategic Plan Review Highlights:Mid-Strategic Plan Review: The PSR reviews its five-year strategic plan halfway...
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