Visa to invest $100m in GenAI firms focused on commerce and payments
The initiative will be led by Visa Ventures, the global payment giant’s corporate investment arm.
Digital
Webinar | 1 November 2023: Nine strategies for successful digital account opening
Convert new customers into lifetime members with the help of these nine strategies.
Visa taps US security operations provider Expel for MDR capabilities
Expel’s managed detection and response (MDR) solution claims to reduce alert-to-response times “to minutes”.
Nine questions banks should ask a potential core technology partner
Useful tips on finding a partner that provides a balance of exceptional tech and service.
GenAI: friend or foe in fraud risk management?
While tech advancements are made with the best intentions to improve our lives, criminals can also use it to their own benefit.
Mexican neobank Albo raises $40m in Series C funding round
The round also saw participation from existing investors Valar Ventures and Nazca Ventures.
Video: Axefinance at Sibos 2023 – automating the credit lifecycle
At Sibos 2023, we caught up with Axefinance CEO Dhafer Berrachid and CCO Chris Kneen.
AlphaSense lands $150m Series E funding at $2.5bn valuation
The latest fundraise comes months after AlphaSense secured $100m in Series D funding led by Alphabet’s CapitalG.
ICYMI fintech funding round-up: Mundi, Revio, Pontoro and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
FinTech Futures: Top five stories of the week – 29 September 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Wealth management firm Farther more than doubles valuation following $31m Series B
The New York-based firm intends to invest the funding into its wealth management portal and talent.
Codebase partners Network International to launch BaaS solution in the Levant
The partnership intends to accelerate the pace of digital banking transformation throughout the Levant region.
DigitalAPICraft signs as Google Cloud vendor and appoints Marco Tedone as CTO
Marco Tedone, the firm’s new CTO, spent almost 12 years leading API strategy for HSBC.
UK fintech Traydstream lands $21m in Series B funding round
With the new funding, Traydstream plans to double down on its growth and enhance its AI-led platform.
Transforming the user experience: the dawn of dynamic knowledge rendering in financial services
With GenAI in financial services, we’re not just on the cusp of significant change – we’re in the midst of it.
PortX raises $16.5m in Series B funding round
The investment follows one year after PortX raised $10 million in its Series A funding round.
B2B payments platform Slope secures $30m funding to build out AI tools
Slope plans to leverage new investor Sam Altman’s “extensive” AI experience to scale its platform.
Small acts of resistance (aka the walk on Sibos)
At Sibos 2023, we went for a walk.
PayTech Awards USA 2023 winners announced
Celebrating exceptional achievements and talent in the US payments industry.
Bright Money lands $62m debt and equity funding
The round consists of $50 million in debt funding and $12 million in equity.
AI and customer care: balancing automation and agent performance
Use cases for developing top-performing contact centre agents: AI simulation training, immersive learning & performance monitoring.
Switch2Zero appoints Galileo CEO Derek White as chairman
White is currently serving as CEO at Galileo Financial Technologies, a US-based payments and banking platform.
Raisin appoints former UBS chair Axel Weber as advisor and board member
Raisin claims to have experienced a “steep growth curve” amid interest rate hikes and a “savings rush”.
US Bank seeks AI specialist in call for automation and process transformation leader
The bank says a “significant component” of the role will be to “leverage new technologies in the AI arena”.
Report: Business resilience and continuity in financial services
How to establish a rapid and robust response to risks with access to the right tools.
Bahrain’s Bank ABC taps JP Morgan for blockchain-based cross-border payment service
The launch arrives in tandem with the bank’s documentary trade suite, ABC Trade.
Mercedes-Benz drives in-car fuel payments through new Mastercard partnership
Drivers will be able to complete refuelling payments via an in-car fingerprint scanner.
Santander reorganises structure to streamline operations
The bank has merged its retail and commercial businesses and created a new digital consumer banking business.
Why fintechs can’t afford to swipe left on ESG
Fintech companies are uniquely positioned to lead the way in integrating ESG.
Rimes names Theo Bell as head of newly created AI product division
With a career spanning more than 15 years, Bell brings a “rare wealth of experience” to her new role, Rimes says.
MoneyMasters goes live with Profile Software’s Axia Suite for digital wealth management
MoneyMasters intends to leverage the partnership to expand its services within the Caribbean region.
EWA start-up ZayZoon secures $34.5m in Series B funding round
The round was led by Framework Venture Partners, with participation from additional investors.
Onfido appoints Daniel Keller as chief technology officer
Keller joins Onfido from Europe’s Visable Group, where he served as CTO for over six years.
Video: Citi Ventures at FinovateFall 2023 – This year’s fintech funding trends
We catch up with Arvind Purushotham of Citi Ventures to discuss the current fintech funding landscape.
Sibos 2023: BMO taps DailyPay to offer earned wage access to commercial clients
The news was announced at the Sibos conference, which is being held in Toronto, Canada, this year.
ICYMI fintech funding round-up: Fuze, Enigio, DKK Partners and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
Sibos 2023: How Economy-as-a-Service is shaping the way we work
The Economy-as-a-Service (EaaS) model is progressively reshaping multiple sectors, most notably financial services.
Sibos readies the industry to unlock the full force of AI
A variety of compelling panels led the event’s narrative on one of this year’s most trending topics.
Demystify Podcast: Demystifying core banking with Prema Varadhan, Temenos
Demystifying the intricate world of core banking and offering a comprehensive perspective on its evolution.
Clear Street bolsters technology leadership with two new hires
Jon Daplyn joins as chief information officer and Hari Godbole as vice president of engineering.
