FinTech

BMO Strengthens AI and Quantum Research with New Institute

The new institute will focus on advancing AI technology and quantum computing.Highlights: BMO launches Institute for AI and Quantum Research.The institute aims to drive innovation in AI and quantum...

Lloyds Strengthens Leadership with AI Agent in the Boardroom

The British bank integrates artificial intelligence into executive decision-making.Highlights: Lloyds Banking Group introduces an AI agent to its...

Ralio Secures $25M to Strengthen Agentic Payments Platform

Funding aims to enhance features and expand market reach.Highlights: Ralio raises $25M in a funding round.The investment will...

Regulators Brief Banks on Anthropic Cyber Risk Amid Growing Concerns

Regulatory bodies emphasize urgent risks from Anthropic's AI developments.Highlights: Regulators issue warnings about Anthropic's AI-related cyber risks.Financial institutions...

GoCardless Achieves Profitability in First Quarter

Fintech company GoCardless reports a significant financial milestone.Highlights: GoCardless has posted its first profitable quarter.The fintech company reported...
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Puerto Rico’s Segura Bank taps Temenos to power new digital bank

Segura Bank International (SBI) in Puerto Rico has chosen Temenos' cloud-based core banking platform for its new digital bank targeting mid-to-high earners in...

India’s UPI launches in France through collaboration with Lyra Network

The National Payments Corporation of India (NPCI) has partnered with French payment services firm Lyra Network to introduce the Unified Payments Interface (UPI)...

Commercial Bank of Kuwait to upgrade its payment systems with new Network International partnership

Commercial Bank of Kuwait (CBK) has partnered with payment solutions provider Network International for its digital transformation efforts. Network International, headquartered in Dubai...

India’s Tata Consultancy Services reportedly in the race to run UK’s Faster Payments service

Tata Consultancy Services (TCS) is reportedly in contention to take over the administration of the UK's Faster Payments network from Mastercard-owned Vocalink. The...

Vast Bank exits cryptocurrency market, closes crypto banking mobile app

Oklahoma-based Vast Bank has decided to exit the cryptocurrency market and shut down its crypto mobile banking app, launched in 2021. The app...

Raymond James Bank to deploy ICE Mortgage Technology’s lending solution Encompass

Raymond James Bank (RJF), based in Florida, US, has partnered with ICE Mortgage Technology to enhance its mortgage lending operations for high-net-worth borrowers. ...

India’s RBI orders Paytm Payments Bank to halt banking services by end of February

The Reserve Bank of India (RBI) has directed Paytm Payments Bank to cease accepting deposits, providing credit services, and facilitating fund transfers from...

Deutsche Bank to cut 3,500 roles over two years amid €2.5bn savings drive

Deutsche Bank plans to cut approximately 3,500 jobs over the next two years as part of its €2.5 billion operational efficiency program. The...

Emirates NBD partners Silent Eight to bolster compliance operations

Emirates NBD, a Dubai-based banking group, has entered a partnership with Silent Eight, a Singapore-based anti-financial crime platform. Silent Eight provides an AI...
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