Today, Backbase announces a major industry shift: the launch of the world’s first AI-powered Banking Platform, following the launch of its Intelligence Fabric in September 2024.

Momentum accelerates with the release of its next-generation platform, purpose-built to accelerate growth and efficiency in banking by unifying two mission-critical domains: customer servicing and digital sales.

FIS®, a global leader in financial technology, today announced the launch of its next-generation enterprise treasury platform, Treasury and Risk Manager – Quantum Cloud Edition.

Prosper Marketplace, the first peer-to-peer lending platform in the United States, today announced a $500 million forward flow agreement led by funds managed by affiliates of Fortress Investment Group ("Fortress") alongside Edge Focus. The $500 million forward flow purchase agreement will help Prosper increase access to credit as more borrowers seek a personal loan to refinance high-interest rate credit card debt, for home improvements, or to make a major purchase.

Mastercard and Corpay today announced an expansion of their partnership to deliver an enhanced suite of corporate cross-border payment solutions.

As a result, Mastercard’s financial institutions and their customers will now have simplified access to robust, end-to-end cross-border payments choices, including carded and non-carded solutions supporting all ticket sizes.

PayPal Holdings, Inc. announced it is leading the agentic commerce revolution by providing developers and merchants with innovative tools to create next-generation shopping experiences. Developers can now enable agentic AI experiences that allow customers to pay, track shipments, manage invoices, and more, all powered by PayPal and within an AI agent.

BNP Paribas has been hosting IBM Cloud in its data centers since 2019. This partnership has helped the bank to build a trusted and resilient technological infrastructure to support its digital transformation.

Veriff, a global AI-native identity verification company powering trust infrastructure online, expands into Latin America with the opening of its Veriff Americas headquarters in São Paulo, Brazil.

The live testing service would be a new component of the FCA’s AI Lab, which has been supporting firms with the development and deployment of AI and would help to fill a testing gap slowing firms’ adoption of AI.

The live testing service would allow firms to collaborate with the FCA while they check that their new AI tools are ready to be used. It would also provide the FCA with intelligence to better understand how AI may impact UK financial markets.

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the appointment of Talia Klein as Managing Director and Head of DTCC’s Wealth Management Services, reporting to Brian Steele, Managing Director, President, Clearing & Securities Services at DTCC.