Shawbrook to Use nCino to Automate Lending Processes and Enhance Client Portfolios for Faster Market Entry.
- 5 months 4 weeks ago
- Lending
nCino, Inc., a pioneer in cloud banking for the global financial services industry, today announced that Shawbrook has chosen nCin
Youverse Achieves 4x Improvement in Liveness Detection
- 5 months 4 weeks ago
- Digital Identity
In the ever-evolving landscape of digital identity security, the battle against identity fraud has taken a significant leap forward with the latest advancements in Youverse's liveness detection technology. The pioneering decentralized authentication platform has achieved a remarkable 4x increase in its liveness detection performance, marking a critical enhancement in its capability to differentiate between real human users and sophisticated...
New USA-Mexico Payment Pathway Launched by People’s Clearinghouse & Interledger Foundation
- 5 months 4 weeks ago
- Payments
The Interledger Foundation, an organization building and advocating for an open, interoperable payment network, today announced its work with the People’s Clearinghouse, a social sector tech platform that services community banks and credit unions in Mexico. Together, they will implement new cross-border payment infrastructure to facilitate remittances between U.S.
Moody's Highlights Entity Verification as Key to AI Accuracy in Risk Management and Compliance
- 5 months 4 weeks ago
- AML and KYC
Moody's has released its latest study, showcasing the pivotal role of Entity Verification data in the adoption of AI tools within the risk and compliance sector.
Bridget Engle to Join Wells Fargo as Head of Technology; Tracy Kerrins to Lead Consumer Technology and Generative AI Teams
- 5 months 4 weeks ago
- People Moves
Wells Fargo & Company announced today that Bridget Engle has been named Senior Executive Vice President (SEVP) and Head of Technology, reporting to Wells Fargo CEO Charlie Scharf and joining the company’s Operating Committee, effective August 12, 2024.
Kompliant Announces Strategic Relationship with the Digital Solutions Team at Equifax to Deliver Fraud Prevention and Risk Management Solutions
- 5 months 4 weeks ago
- Security
Building on its promise to provide customers with a best-in-class experience while decreasing compliance risk, Kompliant, a leading provider of intelligent automation, is further elevating the merchant underwriting process, by announcing a partnership with the Digital Solutions team at Equifax to provide the powerful suite of Kount solutions for fraud and risk management.
Aviva Secures $5.5 Million in Seed Investment Round
- 5 months 4 weeks ago
- Fundraising News
Aviva is thrilled to announce the successful closure of its $5.5 million seed investment round. This funding round was oversubscribed, underscoring the robust unit economics of Aviva's innovative phygital model and its commitment to delivering accessible financial services to the 70 million underserved individuals in the market.
Tuum Partners with ComplyAdvantage to Deliver Faster Compliance, Reduced Risk, and Enhanced Operational Efficiency
- 5 months 4 weeks ago
- Compliance
Tuum, a leading next-generation core banking platform, is proud to announce its partnership with ComplyAdvantage, a leader in financial crime intelligence. This strategic partnership leverages Tuum’s API-first approach to integrate best-of-breed complementary solutions, ensuring that financial institutions can meet their unique needs effectively and efficiently with a modern solution, providing advanced tools to detect and prevent financial...
MNT-Halan Expands into Turkey with Acquisition of Tam Finans and Raises $157.5 Million
- 5 months 4 weeks ago
- Fundraising News
MNT-Halan, Egypt’s largest non-bank financial institution and fintech, has acquired Tam Finans, a leading commercial finance company in Turkey with a loan book exceeding US $300 million, from Actera Group, the country’s leading private equity firm, and the European Bank for Reconstruction and Development. Terms of the transaction were not disclosed.
Barclays Appoints Jonathon Traer-Clark as Head of Americas for Global Transaction Banking
- 5 months 4 weeks ago
- People Moves
Barclays today announced the appointment of Jonathon Traer-Clark as Head of Americas for its Global Transaction Banking business.
JPMorgan Chase Reveals AI Tool for Research Analyst Tasks
- 5 months 4 weeks ago
- Artificial Intelligence
JPMorgan Chase has unveiled its latest innovation, LLM Suite, a proprietary generative artificial intelligence platform designed to enhance productivity and research capabilities across its asset and wealth management division. This new tool, developed in-house, represents a significant advancement in the bank’s AI strategy and aims to transform how its employees perform critical tasks.
Layer2 Financial Secures $10.7M in Series A Funding
- 5 months 4 weeks ago
- Fundraising News
Layer2 Financial is thrilled to announce the successful close of their $10.7 million Series A funding round, led by Galaxy Ventures with key support from Accomplice. This funding validates the innovative work Layer2 has done in bridging digital and traditional fiat systems. Founded by Tarun and his co-founder, Layer2 aims to revolutionize global money movement. With this new funding, they are set to enhance cross-border payments, making them...
PAYSTRAX has Selected Featurespace to Tackle Fraud Across Europe, Demonstrating the Strength of its Fraud Prevention Technology
- 5 months 4 weeks ago
- Payments
PAYSTRAX, the payment processing solution for merchants across the EU and UK, has teamed up with global fraud and financial crime prevention company Featurespace to enhance security measures against fraudulent activities.
Wolters Kluwer Harnesses GenAI for Enhanced Tax and Legal Research
- 5 months 4 weeks ago
- Artificial Intelligence
Wolters Kluwer Tax & Accounting Asia Pacific, a leader in professional information, software solutions, and services, announces important GenAI-enabled enhancements to CCH iKnowConnect, its prominent tax and legal research platform.
UK Data Breach Costs Soar to £3.58M: Financial Services Hit Hardest, Says IBM Report
- 5 months 4 weeks ago
- Security
The average cost of a data breach in the UK rose to £3.58 million between March 2023 and February 2024, marking a 5% increase from the previous year and reversing a previous decline. Financial services experienced the highest costs, followed by professional services and technology sectors, each averaging over £5.4 million per breach.
