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Mastercard and JPMorgan Launch Pay By Bank

JP Morgan is teaming up with Mastercard on a service that uses open banking to let customers make payments using their bank account information instead of a card.

The Pay-by-Bank service offers ACH payments that use open banking so that customers can have permission for their financial data to be shared between trusted parties to let them pay bills directly from their bank account.

Thursday, November 10, 2022 - 13:00
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Financial IT
How AI is Augmenting the Digital Transformation in Finance

The universe of machine learning (ML) and its applications is expanding at an ever-increasing rate and there is hardly any industry that is not leveraging the power of sophisticated and cutting-edge algorithms to foster business growth. Solutions using Artificial Intelligence (AI) have gained even more significance as the world has moved to digital properties with the onset of the pandemic era.

Thursday, November 10, 2022 - 12:49
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Financial IT
Data Science Salon is Coming Back to New York City With a Conference Focused on Applying AI & Machine Learning to Finance & Technology

Data Science Salon, the most diverse data science and machine learning community in the US, is excited to be back in New York City to host Data Science Salon NYC

Thursday, November 10, 2022 - 12:45
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/news/data/data-science-salon-coming-back-new-york-city-conference-focused-applying-ai-machine
Financial IT
Egyptian Fintech Blnk Raises $32 Million

Blnk, a fintech startup that enables instant consumer credit in Egypt, raises $23.7 million in equity and debt funding, and $8.3 million in securitized bond issuance to accelerate financial inclusion within underserved communities across the country.

The funds will support the further development of Blnk’s Artificial Intelligence-powered lending infrastructure and the financing of the company’s fast-growing portfolio of customers.

Thursday, November 10, 2022 - 12:41
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/news/fundraising-news/egyptian-fintech-blnk-raises-32-million
Financial IT
TRM Labs Raises $70 Million in Series B

Goldman Sachs, PayPal, American Express and Citi have joined in a $70 million funding round in blockchain intelligence firm TRM Labs.

The latest investment, an extension to the company's $60 million Series B round in December, was led by Thoma Bravo, with participation from first-time investor Goldman Sachs and previous TRM investors including PayPal Ventures, Amex Ventures, Citi Ventures.

Thursday, November 10, 2022 - 12:35
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/news/fundraising-news/trm-labs-raises-70-million-series-b
Financial IT
FinTech Connect Launches “FinTech in Flux” Industry Benchmark Report Reveals Adapting To Consumer Demand and Investment In Tech Are Key For Winning Edge

FinTech Connect 2022, Europe’s only dedicated fintech event for the entire ecosystem, today released its 2022 Industry Benchmark Report, Fintech in Flux: Thriving in the Age of Uncertainty, showing that customers remain the biggest focus, with 86 per cent of

Thursday, November 10, 2022 - 12:05
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/news/artificial-intelligence/fintech-connect-launches-fintech-flux-industry-benchmark-report-reveals
Financial IT
Kriptomat Joins Leading Payment Orchestration Platform IXOPAY

Based in Tallinn, Estonia, Kriptomat is a leading European platform for buying, selling, and holding cryptocurrencies. The growing enterprise chose IXOPAY to manage its worldwide payment transactions.

Thursday, November 10, 2022 - 12:01
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/news/payments/kriptomat-joins-leading-payment-orchestration-platform-ixopay
Financial IT
11:FS and Griffin Join Forces to Bring the Power of Embedded Finance to UK Businesses

Today, UK BaaS (Banking as a Service) fintech firm Griffin and global FS OS (Financial Services Operating System) 11:FS Foundry announced a new partnership to help businesses actualise the benefits of embedded finance - the process of building new fintech products and embedding financial services directly into non-financial applications.

Thursday, November 10, 2022 - 11:56
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/news/personal-finance/11fs-and-griffin-join-forces-bring-power-embedded-finance-uk-businesses
Financial IT
DFSA Fines Bank of Singapore Limited for Inadequate Systems and Controls and Unauthorised Activity

The Dubai Financial Services Authority (DFSA) has imposed a fine of USD 1,120,000 (AED 4,113,200) on the DIFC branch of Bank of Singapore Limited (the Bank) for a number of contraventions of DFSA legislation, including for having inadequate systems and controls including those relating to anti-money laundering (AML).

Thursday, November 10, 2022 - 11:47
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/news/banking/dfsa-fines-bank-singapore-limited-inadequate-systems-and-controls-and-unauthorised
Financial IT
Arzooo Partners with HDFC Bank to Offer Purchase Cards to Retailers with Up To Rs1 Cr Credit

Arzooo (India’s fastest-growing Retail Tech Platform) partners with HDFC Bank (India’s largest Private sector Bank) to launch Purchase cards that have been exclusively designed for offline retailers. The aim is to roll out over one lakh such credit cards over the next 12 months.

Thursday, November 10, 2022 - 11:44
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/news/lending/arzooo-partners-hdfc-bank-offer-purchase-cards-retailers-rs1-cr-credit
Financial IT

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