FinTech

Venmo Strengthens Global Transfers by Allowing Payments to PayPal Accounts

Venmo users can now send money internationally to PayPal accounts.Highlights: Venmo now allows users to send money to PayPal accounts globally.Users can initiate transactions in multiple currencies.This update boosts...

Talos and Nasdaq Strengthen On-Chain and Off-Chain Collateral Workflow

New partnership enhances digital asset handling and collateral management.Highlights: Talos and Nasdaq collaborate to streamline collateral workflows.Partnership aims...

FCA Restricts Use of Sensitive Data in AI Trial with Palantir

Regulatory concerns arise over data handling protocols in AI trials.Highlights: FCA criticized for using sensitive data in AI...

Bank of Ireland Strengthens AI Readiness for Staff Training

New initiatives prepare employees for an AI-driven banking landscape.Highlights: Bank of Ireland launches AI training initiatives for staff.Employees...

MAS Develops AI Risk Management Toolkit to Strengthen Financial Sector

New toolkit aims to enhance risk management within Singapore's finance industry.Highlights: MAS launches an AI Risk Management Toolkit...
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Santander names Petri Nikkilä as new Openbank CEO

Santander appoints Petri Nikkilä as the new CEO of Openbank, effective from May. Nikkilä to lead Openbank's current markets and promote international expansion. ...

Blackhawk Network inks agreement to acquire Rewards-as-a-Service platform Tango Card

Acquisition Agreement: Blackhawk Network (BHN) has signed an agreement to acquire the Rewards-as-a-Service (RaaS) platform Tango Card. Tango Card Specialization: Tango Card, founded in...

Amplifi Capital lands £22.5m funding to fuel Reevo Money expansion

Amplifi Capital secures £22.5 million funding from M&G Investments. UK-based fintech plans to expand Reevo Money, its personal loan platform, nationwide. Reevo Money,...

MessageBird seeks entry into financial services with call for potential acquisitions

MessageBird's Acquisition Interest:Dutch cloud communication platform MessageBird expresses interest in acquiring licensed payment service providers. CEO Robert Vis announces the company's focus...

Kriya announces new £50m funding facility from Viola Group

UK fintech Kriya secures £50 million funding from Israel’s Viola Group for B2B payments. Founded in 2011, Kriya offers payment and credit solutions...

Jack Dorsey’s Block lays off staff across Cash App, Square and foundational teams

Block, a San Francisco-based payment solutions specialist, is implementing job cuts across its Cash App, Square, and foundational teams. Block CEO Jack Dorsey...

Conversational AI platform Kore.ai raises $150m funding to fuel growth

Kore.ai secures $150 million investment Funding led by FTV Capital, with participation from Nvidia, Vistara Growth, Sweetwater PE, NextEquity, Nicola, and Beedie Total...

PayPal to trim workforce by 9% over 2024 in bid to streamline business

PayPal Job Cuts:PayPal to cut approximately 9% of its workforce throughout 2024. Expected impact on around 2,500 jobs. CEO Alex Chriss confirms...

UK fintech Paysme winds down operations

Paysme Closure:UK-based fintech Paysme, focused on aiding small businesses in transitioning to the digital economy, has shut down.Financial Struggles:Despite raising...
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