Pioneering Philippine digital bank Tonik continues to highlight its innovative edge by becoming the first digital bank to successfully incorporate Generative AI featuring ChatGPT to its operations.

The strategic move underscores Tonik's dedication in staying at the forefront of digital banking advancements while delivering exceptional banking services to its customers.

Relay, the business banking platform that gives cash flow clarity to small businesses (SMBs), announced today the close of a US$32.2 million Series B financing round, led by Bain Capital Ventures. This brings Relay's total funding to US$51.6 million. The new financing accelerates Relay's product development in spend management, smart credit products and a financial API marketplace.

In a groundbreaking pilot in partnership with Pay.UK, Visa, a world leader in digital payments, has shown how leveraging the latest AI technology has the potential to drastically cut the £600m1 lost annually to account-to-account scams and fraud over recent years in the UK.

Mastercard today announced the opening of its European Cyber Resilience Centre (ECRC) at its European Headquarters reaffirming the company’s commitment to combatting cyber threats and enhancing resilience in the region. The new state-of-the-art centre will sharpen defenses against cyber threats, speed up response times and serve as a hub for thought leadership in cybersecurity, fostering collaboration between the public and private sectors.  

Edenred Payment Solutions, an Edenred company and one of Europe’s leading payments service providers is pleased to announce the appointment of Rehana Mitha as its new Managing Director.

Pay.UK, the independent, not-for-profit operator of the UK’s national retail payments system including Faster Payments, Bacs and Direct Debit, can today announce the results of its pioneering fraud detection and prevention pilot in collaboration with partners Visa, Synectics Solutions and Featurespace.

Mastercard and the African Development Bank Group have launched the Mobilizing Access to the Digital Economy (MADE) Alliance: Africa to extend digital access to critical services to 100 million individuals and businesses in Africa over the next 10 years. The announcement was made on the sidelines of the U.S.-Africa Business Forum hosted by the U.S. Chamber of Commerce.

Today, Hyperledger Foundation, the open, global ecosystem for enterprise-grade blockchain technologies, announced Applied Blockchain, Chainlink Labs, Cheesecake Labs, Digi Yatra Foundation, Intersect, and LayerZero Labs as new members. They join as Hyperledger Foundation kicks off its 7th year at Consensus to be front and center for the celebration of 10 years of decentralizing the future.

Flutterwave, Africa’s leading payments technology company has been named ‘Fintech of the Year’ at the African Banker Awards, held in Nairobi, Kenya, on the sidelines of the African Development Bank Annual Meetings. This recognition highlights Flutterwave’s contributions to the financial technology sector and its unwavering commitment to fostering economic growth and financial inclusion across the African continent.