HSBC Launches Startup and Tech-Focused Innovation Banking Unit
HSBC rebrands and expands previously acquired SVB UK as the HSBC Innovation Banking unit to provide banking services to the startup, investor, and broader tech community
Nina Bobro
Nigerian SEC Targets Binance Following the US Suite
Binance is facing legal troubles in Nigeria a few days after the US SEC took legal action against the world’s largest cryptocurrency exchange
a16z Crypto Expands to UK
A “predictable business environment” is one of the main factors behind a16z crypto decision to expand to the UK
Plaid Adds ID Verification Across Platforms
Enhanced verification features from Plaid enables previously verified users to sign up for additional digital finance apps without proving their ID over and over again
BNY Mellon Partners With MoCaFi on Payments to the Unbanked
The new service from BNY Mellon Partners and MoCaFi is designed for federal, state and local governments and corporations looking to reach those who are unbanked or underbanked
Stakes Get Higher in SEC vs Ripple Case
As SEC is suing more and more high-profile crypto exchanges, all eyes are on the long-lasting Ripple case again
FCA Introduces Crypto Advertising Limits
The UK Financial Conduct Authority (FCA) is going to introduce tougher rules for the marketing of crypto assets, designed to ensure those who buy crypto understand the risk
Apple Cash Adds Recurring Payments
Apple Cash users will be able to set up weekly, biweekly, or monthly payments from its Apple Cash digital card
BTC Gets Its Own Benchmark Interest Rate Index
Benchmark LINER (Lightning Network Rate) is an innovative index designed to measure bitcoin (BTC) returns on the Lightning Network and showcase its potential for low-risk enterprise yield
Australian Bank Limits Transfers to Crypto Exchanges
Commonwealth Bank (CBA), the largest bank in Australia, would decline or put “certain payments to cryptocurrency exchanges” on a 24-hour hold, and limit crypto transfers
Intuit Introduces LLMs for Fintech
The new operating system for generative artificial intelligence will feature AI large language models (LLMs) trained on Intuit’s financial data
Amazon Pay Adds BNPL Option by Affirm
Eligible U.S. merchants offering Amazon Pay to their customers can now seamlessly add Affirm’s Adaptive Checkout flexible payment option at checkout
Facial Recognition to Work at 20K ATMs in Japan
After about four years in working, facial recognition biometric solution from the Seven Bank is set to be deployed at around 20,000 ATMs nationwide as early as March 2024
Zumo Launches Decarbonising Solution for Digital Assets
Crypto wallet and payments platform Zumo has introduced its new decarbonising digital assets solution for financial institutions that prioritise ESG
Lucinity Incorporates Generative AI Into Financial Crime Compliance Tool
Lucinity has launched a generative AI-powered tool for financial crime compliance teams
Mastercard Reports ESG Achievements
Mastercard ESG strategy and efforts, expressed through the pillars of People, Prosperity and Planet, are directly connected to its long-term success as a company
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