In an ever-evolving financial landscape, Artificial Intelligence (AI) has emerged as a transformative force. It's reshaping the world of finance in profound ways, ranging from enhanced decision-making to personalised customer services. For example, Bloomberg has created its own large language model trained on its Terminal data, to enhance investment decisions.

Mbanq has created a Banking-as-a-Service (BaaS) ecosystem to leverage the power of a holistic approach to financial solutions. CEO Vlad Lounegov utilized his background and experience to create an all-encompassing technology and services solution based on the actual pain points of bankers and the global shift to digital banking.  

Early Career

Linera, the first blockchain network scalable via microchains, has successfully closed an additional $6M round, led by Borderless Capital. Founded by Mathieu Baudet, former Meta researcher on the Novi digital payments wallet and a cryptographic protocols specialist, Linera’s pioneering technology aims to bring web2 scalability to web3 applications by introducing an unlimited number of user chains powered by an elastically scalable network. 

Corserv, a company that empowers banks and fintechs with payment programs, a company that empowers banks and fintechs with payment programs, has partnered with Ohio-based Peoples Bank to implement an industry-leading credit card program to serve their commercial, small business, nonprofit, local municipalities, and consumer customers. 

Klar, S.A. de C.V. (Klar), the Mexico City-based digital financial services platform, announced today that it has secured a $100 million credit facility from Victory Park Capital (“VPC”), a global alternative investment firm specializing in private credit. The financial support from VPC will propel Klar during a moment of transformative growth for the company, as it expands product offers that provide Mexicans with enhanced access to reliable, simple and transparent credit cards.

A digital payment company Wirex has partnered with Sumsub, a global full-cycle verification platform. Sumsub will provide Wirex with its Transaction Monitoring capabilities, Travel Rule compliance solutions for virtual asset transfers, and its KYC (Know Your Customer) software to verify the identity of new clients.

PCI Pal, announced today that it has renewed its membership of the PCI Security Standards Council (PCI SSC) as a  Principal Participating Organization. PCI Pal will help drive the future of global payment security with a strategic level of leadership, participation, and influence with the Council.

Mahalo Banking, a CUSO that provides online and mobile banking solutions for credit unions, has been selected as a 2023 Finovate Awards finalist for the categories of Best Fintech Partnership and Excellence in Financial Inclusion. The Finovate Awards recognize the companies driving fintech innovation forward and the individuals introducing new ideas to the industry.

The accounting profession, once considered to be a safe bet by the career professional, is now facing an escalating talent crisis. Fewer graduates are signing up for the profession and those already working as accountants are increasingly signalling their intention to leave.