April 2025 – Page 16 – FintechDaily

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,...

Sustainable Investment Platform Clim8 Ceases Operations

Sustainable investment application Clim8 is set to close its operations due to unsuccessful funding efforts to sustain the business. Established in 2019 and officially launched...

Banks Transition from Mainframes to AI-Powered Cloud Technology

Generative AI is playing a pivotal role in the banking sector's shift to cloud-based applications, as highlighted by a recent survey conducted by NTT Data,...

Monzo Launches Sign Language Chat Feature

Hearing-impaired customers of Monzo now have the opportunity to interact with the bank’s customer support through SignLive, a specialized online interpreting service for British Sign...

ANZ Successfully Concludes CBDC Pilot Project for Carbon Credit Trading

ANZ has entered into a collaboration with Grollo Carbon Ventures (GCV) to successfully trade Australian Carbon Credit Units (ACCUs), demonstrating one of the innovative applications...