Klarna, the AI powered global payments network and shopping assistant, today announced the expansion of its partnership with 

Model risk is a key area of focus for financial institutions as there are constantly ongoing developments which need to be incorporated into frameworks. With the growing use of AI and ML, grew the complexity of models within financial institutions and enhancements need to be made in the documentation and reporting of models to reduce any errors and ensure thorough governance. Additionally, there are concerns around data management for these models due to the current turbulent environment.

BMO today announced the launch of its Greener Future Financing program in the United States – its first climate financing program to help small and medium-sized businesses build future-ready, climate-resilient operations.

Earth Day -- Financial institutions are under increased pressure from regulatory bodies to understand their environmental footprint and that of the companies they finance or invest in, otherwise known as financed emissions. To help banks better assess climate risk Oracle today announced Oracle Climate Change Analytics Cloud Service.

Finastra, a global provider of financial software applications and marketplaces, announces that British Caribbean Bank Limited (BCB), a Turks and Caicos-based financial institution offering international bank accounts and customized loan options, has selected Finastra Essence, deployed on Microsoft Azure cloud, to modernize its core and transform its back-office operations.

Trulioo, an industry-leading identity platform with proven global coverage for person and business verification, today announced at Money20/20 Asia its collaboration with Nium, the global leader in real-time cross-border payments. Nium integrated the state-of-the-art Trulioo Person Match identity verification capability to deliver rapid, compliant payment experiences for its U.K. operations.

Swiss Re launches an augmented version of its Life & Health underwriting manual Life Guide. The new version comes equipped with Swiss Re Life Guide Scout, a Generative AI-powered underwriting assistant, developed by Swiss Re, that integrates Microsoft Azure OpenAI Service. Swiss Re Life Guide Scout aims to help increase the efficiency and quality of underwriting by generating swift answers compiled from curated expert knowledge in response to questions asked by the underwriter in natural language.

Airwallex, a leading global payments and financial platform for modern businesses, today announced its partnership with Bird (formerly MessageBird), a global communication platform, to power Bird’s international payments operations.

Allica Bank today released its Annual Report for the year ending 31 December 2023, underlining a period of continued growth, strong financial metrics and watershed achievements.

Since opening for lending in 2020, Allica is the UK’s only full-service digital bank built solely for established SME businesses (typically with 5-250 staff, that make up over a third of the UK economy).

Midas, the fintech startup that brought retail investing to millions of people in Turkey, today announced that it has raised $45 million in equity funding. The new capital will allow Midas to expand and roll out three new products: cryptocurrency trading, mutual funds, and savings accounts.