“It Simply Isn’t Good Enough” - Revolut Calls for Meta to Commit to Sharing Reimbursement of Fraud Victims
- 2 months 3 weeks ago
- Fraud Detection
Revolut, the global fintech with over 45 million global customers, is calling on Meta to commit to sharing reimbursement of fraud victims, arguing that its recently announced data-sharing partnership with UK banks and financial institutions falls woefully short of what’s required to tackle fraud globally.
FCA Fines Starling Bank £29M for Failings in Their Financial Crime Systems and Controls
- 2 months 3 weeks ago
- Infrastructure
Starling grew quickly, from approximately 43,000 customers in 2017 to 3.6 million in 2023. However, measures to tackle financial crime did not keep pace with its growth.
FOMO Pay Partners Visa to Expand Digital Payments Acceptance for Small Medium Enterprises in Singapore
- 2 months 3 weeks ago
- Payments
FOMO Pay, a leading Singapore-based major payment institution announced a strategic partnership today with Visa, the world’s leader in digital payments. Through this collaboration, FOMO Pay will integrate Visa’s QR into the SGQR network, enabling cardholders to scan the QR code and pay with their Visa cards. FOMO Pay will enable SGQR merchants to accept Visa QR payments, enabling the use of Visa credit and debit cards for scan-and-pay in...
UK Financial Institutions Double Investment in AI Over the Past 12 Months
- 2 months 3 weeks ago
- Investment
The number of UK financial institutions investing in artificial intelligence (AI) has doubled within a year, according to Lloyds Bank’s ninth annual Financial Institutions Sentiment Survey. Almost two-thirds (63%) of respondents are investing in the emerging technology, up from one third (32%) in 2023.
Africa to See Triple-Digits Growth in Consumer Spending Over the Next Decade, EBANX Shows
- 2 months 3 weeks ago
- Personal Finance
Rising African countries are among the fastest-growing regions in consumer spending, according to data from the World Data Lab analyzed by EBANX, a global technology company specializing in payment services for rising markets. The giant Egypt will accelerate growth by 167%, while the smaller economies, like Ethiopia, will grow by an impressive 429% in the next decade. Kenya (115%), Morocco (107%), Ghana (106%), and South Africa (42%) are also...
Glia Launches Unified Interactions Index Online Calculator
- 2 months 3 weeks ago
- Financial
Glia, the leader in customer interaction technology, announced the launch of its Unified Interactions Index Calculator today, providing a seamless, guided digital process for financial services companies to benchmark themselves against over 500 peer companies.
Erste Group and Salt Edge Unite to Bring Advanced Multi-Banking Services to the CEE Region
- 2 months 3 weeks ago
- Banking
With a rich history of over 200 years in the banking industry, Erste Group, a powerhouse in Eastern Europe’s financial services, has chosen to collaborate with Salt Edge, a leading open banking solutions provider. This strategic partnership, backed by the extensive expertise of both entities, is set to revolutionise multi-banking services in the CEE region. The aim is to bolster the multi-banking functionalities for Erste Group’s retail and...
Visa Introduces the Visa Tokenized Asset Platform
- 2 months 3 weeks ago
- Blockchain
Visa, a global leader in digital payments, is helping to bridge existing fiat currencies with blockchains through the Visa Tokenized Asset Platform (VTAP), a new product designed to help financial institutions issue and manage fiat-backed tokens on blockchain networks.
Backbase Unveils New Amsterdam Headquarters, Amplifying Its Culture of Innovation
- 2 months 3 weeks ago
- Infrastructure
Backbase, the creator of the Engagement Banking Platform, celebrated the grand opening of its global headquarters at Oosterdoksstraat 114 in Amsterdam. This move is more than just a change of address; it represents another step forward in Backbase's mission to re-architect banking around the customer and reaffirms its strong commitment to a culture of collaboration and a can-do mentality.
Chase to Hire 75 Community Managers by 2030, Expanding Financial Access in Underserved Local Communities
- 2 months 3 weeks ago
- People Moves
JPMorganChase today announced plans to hire an additional 75 community managers by 2030 to provide greater access to banking, tools, and advice, and help customers get on a path to financial health and resilience.
Akur8 Announces Title Sponsorship of InsureTech Connect (ITC) Vegas 2024
- 2 months 3 weeks ago
- Insurtech
Akur8, the next generation insurance pricing and reserving solution powered by Transparent Machine Learning, is thrilled to announce its Title Sponsorship of InsureTech Connect (ITC) Vegas 2024 for the fifth year in a row. ITC Vegas is the world’s largest insurtech event, taking place from October 15th through October 17th at the Mandalay Bay Resort in Las Vegas, NV.
CLARA Analytics Takes Over Las Vegas to Share Vision for the Future of Insurance Claims
- 2 months 3 weeks ago
- Insurtech
CLARA Analytics, a leading provider of artificial intelligence (AI) technology for insurance claims optimization, today announced that it will play a significant role in two of the leading trade shows for insurtech,
Fizz Unveils the Next Evolution of Personal Finance for Students
- 2 months 3 weeks ago
- Personal Finance
Fizz today announced the launch of the next evolution of its Money App, specifically designed to empower students in managing their finances and building a strong financial foundation. With the Fizz app, students can check their credit scores, gain personalized spending insights, and take engaging, swipeable financial courses—all for free.
Numerated Partners with Alloy to Supercharge Fraud Prevention in Commercial Lending
- 2 months 3 weeks ago
- Fraud Detection
Numerated, the leading AI-driven commercial lending platform, today announced its partnership with Alloy, the identity risk management company trusted by over 600 leading banks, credit unions and fintech companies, to deliver best-in-class fraud checks within commercial lending. This strategic partnership will supercharge Numerated's lending automation capabilities by combining cutting-edge risk management with advanced automation, providing...
AMLYZE Raises €2.35M in Seed Funding to Fuel Next Growth Phase
- 2 months 3 weeks ago
- Fundraising News
AMLYZE, a pioneering RegTech company transforming the anti-financial crime landscape for banks, FinTechs and Virtual Assets Service Providers (VASPs), proudly announces the successful closure of a €2.35 million seed funding round. This significant achievement marks the dawn of an exciting growth phase, setting the stage for AMLYZE to extend its innovative services to larger corporate and institutional clients.
