Intellect Design Arena Launches eMACH.ai Open Finance Platform
A multi-product fintech company Intellect Design Arena has introduced a cloud-native open finance platform eMACH.ai, powered by AWS and embedded with AI
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Signature Bank Has a New Owner
FDIC announced Signature Bank would be sold to Flagstar Bank, a subsidiary of New York Community Bancorp, a week after the bank was placed into receivership
UBS to Buy Credit Suisse, While Central Banks Try to Soothe Market Turbulence
UBS Group will buy Credit Suisse Group for 3 billion Swiss francs ($3.23 billion) in a historic deal backed by Swiss authorities, as problems in the global banking sector persist
Silvergate, Silicon Valley Bank, and Signature: Big Picture in Small Details (Part 1/3)
The Silvergate, Silicon Valley Bank, and Signature Bank saga, in three not-so-concise parts, examines the chaos of centralized cryptocurrency companies, the failing and scrambling US banking system, and the outcomes for the crypto industry and the regular person.
Tamara Secures Debt Financing to Expand BNPL in GCC Region
Tamara has secured $150 million in debt financing for its shopping and payments platform.
BBVA Targets Colombia’s Innovation Sector
Spanish financial group BBVA announced the creation of a business unit in Colombia.
VR Payment and Hawk AI Join Efforts to Prevent Financial Crime With AI
VR Payment, part of the cooperative financial group Volksbank Raiffeisenbanken and DZ BANK Group, partnered with AML and fraud prevention software provider Hawk AI to fight financial crime
ChatGPT For Fintech and Banking
Artificial intelligence (AI) has had a significant impact on the financial services industry. It has been applied in various areas such as investment banking, insurance, wealth management, and more. In investment banking, AI is proving to be a promising tool, with ChatGPT being one of the most exciting AI technologies available.
Worldline Launches Voice Alert Box to Boost Financial Inclusion in India
Payment service provider Worldline introduced VABOX – Voice Alert Box, which provides instant payment confirmation, overcoming challenges of visual impairment and encouraging inclusivity
UK Tax Authorities Change the Way Crypto Profits Should Be Filed
The UK Treasury introduced changes to the Self-Assessment tax return forms so that crypto assets are identified separately
Appeals Court Approves Settlement of Visa and Mastercard Antitrust Suit
A federal appeals court has approved the settlement of a class action lawsuit against Visa and Mastercard.
Swiss Bankers Association Considers Joint Deposit Token
The Swiss Bankers Association released a white paper suggesting the digitalisation of the Swiss financial system requires a Swiss franc joint deposit token
Large U.S. Banks Make Deposits Into First Republic Bank
Eleven of the largest U.S. banks place uninsured deposits worth $30 billion in First Republic Bank.
Crypto Firm Copper Makes Job Cuts
The British startup for storing and trading digital assets, Copper, has announced a reduction in the workforce.
Walmart Invests $200 Million in PhonePe
PhonePe, India’s largest mobile payment services company, has raised another $200 million in an ongoing funding round.
Arbitrum to Airdrop New Token and Transition to DAO
Arbitrum, the largest player in the scalable Ethereum layer 2 landscape, receives a token.
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