December 6, 2024 @ 8:53 am By Omar Faridi  |  

Mambu, a cloud banking platform, announced the acquisition of Numeral, a French payment technology provider for banks and fintechs. The acquisition reportedly aims to strengthen Mambu’s position as a key industry player in a move that underscores market confidence and “demand for modern financial experiences.”… Read More

 Tagged acquisition, banking, france, mambu, numeral, payments

December 6, 2024 @ 8:51 am By Omar Faridi  |  

Digital bank Zopa reports that it has raised just more than €80 million (GBP £68 million) in an equity funding round that has been led by A.P. Moller Holding, along with participation from existing investors. A.P. Moller Holding is reportedly one of the largest direct… Read More

 Tagged banking, digital bank, funding, jaidev janardana, uk, united kingdom, zopa

December 5, 2024 @ 9:18 pm By Omar Faridi  |  

The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the financial services industry, issued its Systemic Risk Barometer Survey results, identifying Geopolitical Risks, Cyber Risk, U.S. Political Uncertainty and U.S. Presidential Election Outcome, Inflation and U.S. Economic Slowdown as the “top five… Read More

 Tagged cybersecurity, dtcc, financial services, research, risk

December 5, 2024 @ 7:25 pm By Omar Faridi  |  

The pressure is on for companies to turn AI investment into impact, according to PwC’s 2024 Global Investor Survey. The majority or 73% of investors say companies should “deploy AI solutions at scale, as overwhelmingly 66% expect the companies they invest in to deliver productivity… Read More

 Tagged ai, artificial intelligence, investments, Research Study

December 5, 2024 @ 5:06 pm By Omar Faridi  |  

Australian companies’ use of AI in their finance functions is growing steadily – and the Return on Investment (ROI) on AI is exceeding, or at least meeting, expectations, a KPMG International study has found. And a quarter or 25% of Australian and overseas organizations are… Read More

 Tagged ai, artificial intelligence, australia, financial services, Gen AI, Research Study

December 5, 2024 @ 12:19 pm By JD Alois  |  

Payments Fintech Zilch has distributed information on Black Friday shopping activity. Zilch, based in the UK, is “direct-to-consumer, ad-subsidised payments network (ASPN).” Black Friday is one of the largest consumer purchasing dates of the year. Zilch reports that Black Friday saw its sales more than… Read More

 Tagged Black Friday, payments, uk, united kingdom, zilch

December 5, 2024 @ 12:13 pm By JD Alois  |  

FV Bank says it has integrated Tether (USDT) for direct deposits. Tether is currently the largest stablecoin in the world by market capitalization. By adding the dollar-based stablecoin, users may hop between fiat and USDT, which is converted in real-time. FV Bank touts this ability… Read More

 Tagged fv bank, stablecoins, tether, usdt

December 5, 2024 @ 10:30 am By Omar Faridi  |  

  Trent Sorbe, Chief Payments Officer at First International Bank & Trust (FIBT), has shared key insights with CI. Kotapay, a division of First International Bank & Trust (FIBT), has launched Kavinu, a direct-to-bank BaaS platform that eliminates the “instability of middleware-reliant models.” By re-centering… Read More

 Tagged baas, banking, interview, trent sorbe

December 5, 2024 @ 8:34 am By Omar Faridi  |  

NatWest Group is reportedly set to launch its Fintech Growth Program, an opportunity for fintech startups to use the resources, expertise and networks of a high-street bank to help them scale-up in a sustainable manner. The program reportedly supports NatWest’s goal of leading the future… Read More

 Tagged fintech adoption, natwest, startups, uk, united kingdom

December 4, 2024 @ 11:02 pm By Omar Faridi  |  

When it comes to cybercriminals and threat vectors, “expect the unexpected.” Experian’s Data Breach Industry Forecast noted while sharing key predictions for 2025 covering a range of potential trends with AI at the forefront including growing sources of threats such as “AI-savvy teens and fresh… Read More

 Tagged cyber threats, cybersecurity, digital technology, experian, outlook 2025