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Banc of California’s Build@Banc Supports Startups from Seed Investment to IPO

Banc of California, a wholly owned subsidiary of Banc of California Inc. (NYSE: BANC), announced today the launch of Build@Banc, a service dedicated to providing tailored banking solutions to seed and early-stage innovative startups. The Build@Banc team also provides guidance and resources to help founders choose the right banking solutions and offers introductions to its well-established network of investors and advisers.

Friday, May 24, 2024 - 11:35
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/news/banking/banc-californias-buildbanc-supports-startups-seed-investment-ipo
Financial IT
Burgan Bank Selects TCS BaNCS to Transform Its Core Banking

Tata Consultancy Services, a global leader in IT services, consulting, and business solutions, has signed a deal to modernize the core banking technology of Burgan Bank, a leading commercial bank in Kuwait.

Friday, May 24, 2024 - 11:28
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/news/core-banking/burgan-bank-selects-tcs-bancs-transform-its-core-banking
Financial IT
CFPB Takes Action to Ensure Consumers Can Dispute Charges and Obtain Refunds on Buy Now, Pay Later Loans

The Consumer Financial Protection Bureau (CFPB) today issued an interpretive rule that confirms that Buy Now, Pay Later lenders are credit card providers. Accordingly, Buy Now, Pay Later lenders must provide consumers some key legal protections and rights that apply to conventional credit cards.

Friday, May 24, 2024 - 10:54
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/news/lending/cfpb-takes-action-ensure-consumers-can-dispute-charges-and-obtain-refunds-buy-now-pay
Financial IT
Earnix Highlights the Potential of Synthetic Data in Specialty Insurance

Earnix, the leading global provider of AI-based SaaS solutions for financial services, today releases a high-level report highlighting the transformative potential of synthetic data to accelerate profitable growth and risk understanding in the context of the unique specialty London insurance market.

Friday, May 24, 2024 - 10:49
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/news/insurtech/earnix-highlights-potential-synthetic-data-specialty-insurance
Financial IT
Cover Whale Announces $27.5 Million Investment by Morgan Stanley Expansion Capital

Cover Whale Insurance Solutions, Inc., a leading insurtech specializing in connected insurance for commercial auto, today announced funding of $27.5 million in debt and equity from investment funds managed by Morgan Stanley Expansion Capital. The funding round, which also had existing debt investors convert into the Series A preferred, will support Cover Whale's continued growth and accelerate its progress toward transforming trucking insurance and improving safety on America's roads.

Friday, May 24, 2024 - 10:42
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/news/insurtech/cover-whale-announces-275-million-investment-morgan-stanley-expansion-capital
Financial IT
New Report Provides Critical Insights into CFO Adoption of Generative AI

As generative AI continues to transform industries, Billtrust, a B2B order-to-cash and digital payments market leader, today released a new report uncovering perspectives from U.S. CFOs on the adoption and impact of this disruptive technology.

Friday, May 24, 2024 - 10:35
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/news/artificial-intelligence/new-report-provides-critical-insights-cfo-adoption-generative-ai
Financial IT
BBVA Steps Up Its Plans in Artificial Intelligence by Signing an Agreement with OpenAI
Friday, May 24, 2024 - 10:24
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/news/artificial-intelligence/bbva-steps-its-plans-artificial-intelligence-signing-agreement-openai
Financial IT
Five Startups Selected for the 2024 Visa Accelerator Program in Asia Pacific to Tackle Gen AI and Embedded Finance Solutions

Visa, a global leader in digital payments, unveiled the five new startups selected for its Accelerator Program in Asia Pacific for 2024. This year's applicant pool saw talent from Bangladesh, Hong Kong SAR, Singapore, United States and Vietnam, all tackling cutting-edge solutions in artificial intelligence (AI) / generative AI, embedded finance, global money movement, digital acceptance and loyalty of the future.

Friday, May 24, 2024 - 10:18
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/news/payments/five-startups-selected-2024-visa-accelerator-program-asia-pacific-tackle-gen-ai-and
Financial IT
Orca Fraud Raises $550k to Fight Fraud in Emerging Markets

Orca, a South African startup that works with banks and fintechs in emerging markets to fight various types of fraud, has raised a $550,000 pre-seed round. The money raised will be used to build simple, yet effective fraud prevention tools and iterate with customers in South Africa.

Friday, May 24, 2024 - 10:13
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/news/fundraising-news/orca-fraud-raises-550k-fight-fraud-emerging-markets
Financial IT
Metro Cable Teams Up with Velmie to Launch Vult: Revolutionary Digital Wallet in Sierra Leone

Velmie, a banking technology provider, is proud to announce its collaboration with Metro Cable - Sierra Leone's premier provider of high-speed gigabit internet access - to launch Vult. Vult is a modern digital wallet solution designed to offer users a secure and convenient way to make online transactions, deposits, withdrawals, pay bills and send and receive money in multiple currencies, all within a single platform.

Friday, May 24, 2024 - 10:04
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/news/e-wallets/metro-cable-teams-velmie-launch-vult-revolutionary-digital-wallet-sierra-leone
Financial IT

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