April 19, 2025 – FintechDaily

Biden Nominates Former Mastercard CEO Ajay Banga as President of the World Bank

President Biden has nominated Ajay Banga, the former CEO and president of Mastercard, to take on the role of president of the World Bank. This...

BBVA Launches GenAI ‘DataRally’ Initiative

BBVA recently hosted an internal initiative known as the 'DataRally' focused on generative artificial intelligence, aimed at identifying and nurturing talent within its workforce in...

Ripple Secures Approval from NYDFS for Launching Stablecoin

Ripple has secured approval from the New York Department of Financial Services (NYDFS) for the anticipated launch of its dollar-backed stablecoin, RLUSD. This stablecoin will...

PayPal Introduces AI-Driven Products

PayPal has recently introduced a series of innovative AI-powered features aimed at transforming the commerce landscape. However, the announcement has not resonated well with investors,...

Current Secures $200 Million to Accelerate Path to Profitability

US-based personal finance application Current is setting its sights on achieving profitability by 2025, having secured $200 million in new funding following a remarkable 90%...

Challenger Banks and Specialized SME Lenders Surpass Traditional UK Banks

Challenger and specialist banks surpassed traditional banking institutions in providing loans to small businesses in 2022, accounting for a remarkable £35.5 billion. According to data...

BNY Mellon Collaborates with Microsoft for Enhanced Data and Analytics Solutions

BNY Mellon has established a strategic partnership with Microsoft aimed at delivering a cloud-based data and analytics platform for its buy-side and sell-side clients. As...

BNY Enhances Compliance Efforts with Behavox Quantum

BNY has enhanced its compliance monitoring by implementing Behavox's AI-powered surveillance system for electronic and voice communications. The SaaS deployment of Behavox Quantum technology encompasses...

Intesa Sanpaolo Enters Strategic Partnership with IBM

Italy's leading financial institution, Intesa Sanpaolo, has embarked on a strategic partnership with IBM aimed at overhauling its technology infrastructure. With the increasing demand from...

Nubank Heads $250 Million Investment Round for Tyme Group

Brazil's Nubank has spearheaded a $250 million investment round in Tyme Group, a digital banking entity operating in South Africa and the Philippines. Tyme Group,...