Fintech industry leaders warned of the risks posed by AI and ChatGPT last night as well as discussing the role automation and digital skills will play in driving economic growth.  

Ozone API and Smart Data Foundry have today announced a partnership and the launch of two new products - the Standards Library and Innovation Atlas - which are designed to support and accelerate financial innovation in Open Banking.

The Standards Library helps financial institutions and innovators understand the global landscape, making it quick and easy to assess the technical standards adopted by a geography or financial system.

Monese, a leading pan-European fintech that offers smart money services to millions of consumers across Europe, announces the launch of XYB, an end-to-end ‘coreless’ banking platform provider, enabling banks and non-banks to break down the barriers to building and providing financial services in record time. XYB is aimed at addressing a market gap in the core banking space of high dependence on costly yet incomplete traditional core banking systems. The global market potential for this space is estimated to be around £700 billion.

Paynetics has agreed to acquire

The Mass Payments arm of Ebury, the global financial technology firm, is delighted to announce its partnership with ABN Australia, to provide payroll payments for their international clients, and enhance and expand ABN’s payment services globally.  

ABN Australia is a leading corporate solutions provider in the Australia region, offering market entry,  accounting, payroll, and employer-of-record services to clients across the globe.  

Finastra, a global provider of financial software applications and marketplaces and one of the largest suppliers of Bacs and Faster Payments Service (FPS) solutions for the UK, today announced its partnership with Priority Software, a leading provider of scalable, agile, and open cloud-based business management solutions, to enable UK corporates to send Bacs payments from within Priority Software’s enterprise resource planning (ERP) products.

New research from Tembo, the tech-focused mortgage broker reveals 16% of young people surveyed aged 22-24 plan to invest in NFTs or crypto in the next five years.

Indian top-rated crypto assets platform Giottus and leading tax solutions provider TaxNodes have entered into a strategic partnership to provide a safe and reliable solution to customers trading and investing in virtual digital assets (VDAs). 

Hokodo, Europe’s leading provider of digital trade credit, and 

"We are thrilled to partner with Noda and integrate DECTA Open Banking into our Gateway platform," says Norberts Millers, Product Owner at DECTA. "This integration opens up new possibilities for our merchants, allowing them to tap into the power of Open Banking and offer seamless payment experiences to customers across different markets, including the United Kingdom".