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
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.
Payment service provider Worldline introduced VABOX – Voice Alert Box, which provides instant payment confirmation, overcoming challenges of visual impairment and encouraging inclusivity
The UK Treasury introduced changes to the Self-Assessment tax return forms so that crypto assets are identified separately
A federal appeals court has approved the settlement of a class action lawsuit against Visa and Mastercard.
The Swiss Bankers Association released a white paper suggesting the digitalisation of the Swiss financial system requires a Swiss franc joint deposit token
Eleven of the largest U.S. banks place uninsured deposits worth $30 billion in First Republic Bank.
The British startup for storing and trading digital assets, Copper, has announced a reduction in the workforce.
PhonePe, India’s largest mobile payment services company, has raised another $200 million in an ongoing funding round.
Arbitrum, the largest player in the scalable Ethereum layer 2 landscape, receives a token.
Xapo Bank, a leading bitcoin custodian, and the licensed private bank announced integration with the Fast Payments system (FPS).
The UK Financial Conduct Authority has sent letters to almost 300 payment companies calling for measures to eliminate unacceptable risks to consumers and the integrity of the country’s financial system.
ClearBank joins 30 other financial service companies in partnering with Code First Girls, keen to hire more women and eliminate the gender gap which still persists in fintech
Flutterwave received its Electronic Money Issuer and Remittance Licenses from the National Bank of Rwanda to deploy a range of new products to the country’s 13.5 million citizens
SoftPOS solution provider Phos added QR code-based digital wallets, such as PayPal, Venmo, and CashApp, as payment methods for retailers
The U.S. Federal Reserve has confirmed its long-awaited instant payments system FedNow, seen as an alternative to CBDCs and stablecoin payments, will launch in July
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