Tag: Artificial Intelligence/AI
Lloyds Bank taps Cleareye.ai to streamline trade finance documentation processing
Lloyds Bank has partnered with Cleareye.ai, a California-based AI and machine learning company, to enhance trade finance documentation...
Ghana’s Fido raises $30 million in debt and equity to extend AI-powered lending services across Africa
Fido, a Ghanaian fintech, secured $30 million in debt and equity funding to expand its digital lending services...
Australia’s MyState Bank taps Backbase for Engagement Banking platform
Partnership Announcement: MyState Bank, based in Hobart, Tasmania, has selected Dutch digital banking solutions provider Backbase to enhance...
Visa reportedly in negotiations to acquire Featurespace in potential £700m deal
Potential Acquisition: Visa is reportedly in advanced talks to acquire UK-based fraud detection firm Featurespace in a deal...
Lettuce Financial bags $15m Series A led by Zeev Ventures
Funding Secured: Lettuce Financial, a San Francisco-based fintech start-up, has raised $15 million in a Series A funding...
US fintech start-up Received to close down
Company Closure: Received, a New York-based billing and accounts receivable platform, is shutting down. The decision was made...
Cardea acquires select assets from NSCG, rebrands as Fourcore Capital
Rebranding and Acquisition: Cardea Corporate Holdings, an Atlanta-based wealth management firm, has rebranded as Fourcore Capital following the...
Klarna to resurrect BNPL fintech Laybuy in New Zealand following acquisition of assets
Klarna's Acquisition: Swedish payments company Klarna has acquired the assets of the BNPL fintech Laybuy in New Zealand.
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Mastercard set to lay off around 3% of global workforce
Mastercard plans to cut around 3% of its global workforce, impacting approximately 1,000 employees.
The layoffs are a...
US fintech Amount lands $30m in fresh funding to advance AI capabilities
Funding Round: Amount, a digital origination and decisioning SaaS platform, raised $30 million in its latest equity funding...
CaixaBank doubles down on generative AI with launch of GalaxIA project
Second Phase of GenAI Initiative: CaixaBank is launching the second phase of its generative AI project, named GalaxIA,...
Stellex Capital acquires Fincentric from S&P Global
Acquisition Details: Stellex Capital Management, a US private equity firm with over $2.8 billion in assets, has acquired...