January 2025 – Page 54

Nasdaq Private Market Secures $62.6 Million in Funding

Nasdaq Private Market (NPM) has successfully secured $62.6 million in its Series B funding round, attracting investment from several prominent banks. The funding round was...

Mizuho to Implement Generative AI for Workforce Enhancement

Japanese bank Mizuho has made Microsoft’s OpenAI platform accessible to its 45,000 employees. As reported by Bloomberg, this technology will help accelerate the bank’s digital...

Wirecard CEO Braun’s Lawyers Cease Work Over Insufficient Funds

Markus Braun, the former CEO of Wirecard, is now dependent on state-provided legal representation after his previous lawyer resigned due to a lack of funds....

IDPartner Secures $3.1 Million for Bank-Integrated ID Verification Solution

IDPartner, a startup focused on online identity verification through a network of financial institutions, has secured $3.1 million in a seed funding round led by...

Mastercard Leverages Open Banking to Simplify Account Opening and Updates

Mastercard has enhanced its Open Banking platform to allow users to automatically switch their direct deposits and update recurring bill payments when opening or updating...

Digital Wallet Infrastructure Platform Ansa Launches from Stealth Mode

Ansa, a digital wallet infrastructure platform for merchants founded by veterans from Adyen and Affirm, has officially launched following a $5.4 million funding round. The...

Many Canadians Lack Awareness of Open Banking

As Canada progresses towards establishing an open banking framework, a recent survey highlights the urgent need to enhance public awareness of the concept, which many...

Austrade and SFA Unveil New Initiative for Fintech Collaboration

The Singapore Fintech Association (SFA) and the Australian Trade and Investment Commission (Austrade) have initiated a collaborative programme aimed at enhancing fintech innovation in both...

Tesco Bank Transfers Credit Card, Loan, and Savings Operations to Barclays

The £600 million deal features an "initial" agreement lasting 10 years. The agreement involves the transfer of around 2,800 employees from Tesco Bank, which currently...

BBVA Establishes Global Unit for Financial Crime Prevention

BBVA has announced the launch of a unit aimed at enhancing the bank's financial crime prevention framework. This new unit consists of 800 personnel within...