Kraken, one of the longest-standing and most secure cryptocurrency exchanges, is delighted to announce the launch of Kraken Institutional, a new umbrella brand for a number of Kraken’s existing products and services aimed at institutions, asset managers, hedge funds, and high net-worth individuals. Kraken Institutional intends to provide a one-stop shop for innovative and bespoke solutions for the unique needs of Kraken’s institutional client base.

Klarna today announced its AI assistant powered by OpenAI.

Yapily, a leading provider of open banking solutions, is delighted to announce its partnership with Uncapped, a pioneering fintech providing working capital funding to scaling brands retailers and merchants across UK, EU and US. This collaboration significantly bolsters progress in the financial lending sector and democratises access to capital for online companies.

Rabobank, a leading global Money Market Dealer, has completed a series of groundbreaking pilots to execute more than €2 billion in commercial paper transactions on a first-of-its kind blockchain platform.

Feedzai, a global leader in fighting financial crime with AI, has partnered with UK Finance, the trade association representing the banking and financial services sector in the UK. 

Basware, a global leader in AP automation and invoice processing, has announced the appointments of Anssi Ruokonen as its Director of AI Research and Enablement, and Barrett Schiwitz as its new Chief Information Officer (CIO).  

Ruokonen will further enhance AI technology within Basware’s product and service offering, while Schiwitz will oversee Basware’s digital transformation projects to deliver an ever-improving customer experience.  

In a significant move for fintech, NayaOne announces a $4.7 million funding round led by EJF Capital, with Valley Ventures, the corporate venture capital arm of Valley Bank and Carthona Capital also on board. This investment is a testament to NayaOne's growth and potential to transform financial services with its innovative sandbox-as-a-service platform.

AU10TIX, a global technology leader in identity verification and management, today launched an innovative Know Your Business (KYB) solution that enables companies to know exactly who they are doing business with and avoid potential financial and reputational losses. By combining KYB with Know Your Customer (KYC) processes, the offering addresses every KYB business need, from sole traders to corporates, including KYC for UBOs and associated entities.

MoneyHash, the first and leading payment orchestration platform in the Middle East and Africa (MEA), has successfully raised $4.5M in a seed funding round. The round was co-led by COTU Ventures and Sukna Ventures, with participation from RZM Investment, Dubai Future District Fund, VentureFriends, and a group of strategic investors and operators.

Perhaps best-known for bringing a civil fraud case against Donald Trump, the verdict of which is expected to be announced later this month, New York Attorney General Letitia James is now focusing on the fraud committed by cybercriminals against Citibank customers – and the bank’s failure to protect them.