Stablecoin and Payment Firm Cybrid Raises $10M Series A

Cybrid, a platform for compliant stablecoins and fiat payment infrastructure, has raised a $10 million Series A funding round led by the Growth Venture Fund at BDC Capital with participation from Golden Ventures, Luge Capital, and Panache Ventures. The funding will accelerate Cybrid’s mission to drive stablecoins… Read More

Investment Targets for JPMorgan Chase’s Security and Resiliency Initiative Analyzed in New Report

JPMorgan Chase (NYSE:JPM) unveiled plans to allocate around $1.5T over the next decade as part of its so-called Security and Resiliency Initiative, including as much as $10B in direct equity investments, in order to support the US’s move towards improved national security. As global competition… Read More

Conversational AI Provider Gradient Labs Looks to Expand in US Market

Gradient Labs, an artificial intelligence (AI) platform that targets conversational engagements for finance, is looking to expand its services into the US following “explosive” growth in Europe. Based in the UK, Gradient Labs was co-founded by Dimitri Masin, Neal Lathia, and Danai Antoniou. Each of… Read More

PayNearMe Launches Intelligent Virtual Agent

PayNearMe has introduced its AI-powered Intelligent Virtual Agent (IVA) as part of its strategy to advance and modernize customer engagement for non-commerce businesses. Fully integrated into the PayXM platform, Intelligent Virtual Agent extends PayNearMe’s vision of Payment Experience Management by enabling organizations to automate and personalize inbound and… Read More

Atrium’s SaaS Platform Aids Real Estate Research

Atrium has launched an enterprise SaaS platform that enables bank and real estate investors and analysts to drill from a bank’s balance sheet to every building it finances—in one click. The company has raised $4 million in financing from Castle Island Ventures and EJF Ventures to… Read More

DXC, Splitit Bring Installment Payments to Banks

DXC (NYSE: DXC), a Fortune 500 technology services provider, and Splitit, a provider of embedded card-linked installments, are partnering to enable banks to offer account holders installment plans at checkout and post-purchase, powered by Splitit’s proprietary AI engine that dynamically personalizes offers for each consumer. Leveraging DXC’s… Read More

UK’s Digital Bank Monzo May Be Considering Private Share Sale

UK’s digital bank Monzo is reportedly planning a new private share sale, according to sources familiar with the matter. The fintech, known for its app-based banking services, is said to be engaging in discussions that could see existing investors and employees offload shares, potentially valuing… Read More

UK Industry Professional Calls for More Collaboration Among Banks, FIs to Combat Financial Crime

Jonathan Frost, Director of Global Advisory for EMEA at BioCatch, has noted that the UK Finance half-year report indicates that although the industry appears to be pushing back, bad actors seem to be pushing even harder and, for now, gaining momentum. Frost added that during H1… Read More

Custodia, Vantage Bank, Launch Tokenized Deposits for U.S. Banks

Access to tokenized deposits is now available to community and regional banks nationwide with Custodia’s bank-grade blockchain platform and Infinant’s Interlace platform. Vantage Bank, working in partnership with Custodia, invites banks and credit unions to join the consortium, which has developed a turnkey accretive solution… Read More

FUTR, Zonetail Debut Canadian AI-Powered Rent Reporting Program

FUTR (TSXV: FTRC) and Zonetail (TSXV: ZONE) this week announced a strategic partnership to launch Canada’s first AI-powered rent-reporting program, enabling renters to build credit and earn rewards simply by paying rent. Rent is the largest monthly expense for millions of Canadians, yet it rarely… Read More

Send this to a friend