Mastercard Acquires Baffin Bay to Strengthen Cybersecurity
Mastercard acquired the cloud-based cybersecurity company Baffin Bay Networks to improve its resiliency against cyber-attacks with new AI ‘Cyber Shield’
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ForwardAI Debuts Update to Small Business Lending Solution
Business data FinTech ForwardAI has presented a new version of its Precise API tool, which can be used to optimize financial solutions.
Meta Expands ID Verification Subscription Service to US
The Meta Verified subscription service has become available in the United States.
Sam Bankman-Fried Close to Bail Agreement With Feds
FTX founder Sam Bankman-Fried, according to media reports, is close to concluding a new bail agreement with federal prosecutors.
Warren Buffett May Invest in Regional Banks
The media reported that the US authorities turned to Warren Buffett for help amid the crisis in the financial sector.
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
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.
