GLN International, a subsidiary of Hana Bank, (GLN) has recently announced the launch of cross-border remittance service; offering instant, secure, and inexpensive money transfers from abroad to all domestic bank accounts in Korea. The service is aimed to benefit Korean residents, international students, and other remittance customers residing overseas.

Irys Insurtech, Inc., a pioneering insurtech startup, has closed a seed funding round of $3.5 million, marking its entrance into the market dominated by stagnant legacy agency management systems.

Gate.io, a world-leading digital asset trading platform, is thrilled to announce its sponsorship and active involvement in the esteemed Coinfest Asia 2023. Scheduled for the 24th and 25th of August, Coinfest Asia will set its stage in Bali, Indonesia.

LemFi, a leading fintech platform transforming financial services for immigrants, has raised a $33 million Series A round led by Left Lane Capital. Other investors included Y-Combinator, Zrosk, Global Founders Capital, and Olive Tree.

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has launched two open-source large vision language models (LVLM), Qwen-VL and its conversationally fine-tuned Qwen-VL-Chat. The models can comprehend images, texts and bounding boxes in prompts and facilitate multi-round question answering in both English and Chinese.

Modulus, a US-based developer of ultra-high-performance technology that powers Fortune 500 firms; government agencies and laboratories; and leading research universities, announced that the company filed for a patent on a new order type now available within the company’s white label futures exchange solution. The order type, “Automatic Order Autonomy,” is said to offer a next-level competitive advantage to clients.

Fintech Hub LT, an association of licensed Fintech companies in Lithuania, will now accept virtual currency exchanges and virtual asset service providers (VASP) into its Association.

LHV Bank, the UK's newest licensed bank, has finalised the business transfer from its Estonian affiliate, AS LHV Pank’s UK branch, to its newly licensed entity. This transition, affecting LHV Bank’s Banking Services clients in the UK, follows LHV Bank receiving its banking licence this May and the subsequent approval from the UK High Court to transfer the business. 

Agent IQ, the pioneer in digital relationship banking providing personal banker engagement and AI-supported self-service, is pleased to announce that Pinal County Federal Credit Union (PCFCU) has been named a Finopotamus 2023 Tekkie Award winner in the category of “Artificial Intelligence/Machine Learning.”

As generative AI tools continue to expand, new doors are being opened for fraudsters to exploit weaknesses. Have you experimented with generative AI tools like ChatGPT yet? From beating writer’s block to composing ad copy, creating travel itineraries, and kickstarting code snippets, there’s something for everyone. Unfortunately, “everyone” includes criminals.