May 10, 2025 – FintechDaily

Standard Chartered Names New Chief for AI Enablement

Standard Chartered has appointed David Hardoon, a former executive at the Monetary Authority of Singapore (MAS), as its new global head of artificial intelligence enablement....

AIB and Foresight Group Launch Sustainable Equity Fund with €75 Million Target

AIB, Ireland's leading financial services provider, has selected Foresight Group, a specialist in SME and sustainable infrastructure investment, to manage a new equity fund aimed...

Barclays Integrates Ant International’s FX Forecasting Model for Global Treasury Management

Barclays Bank will utilize Ant International's proprietary Time-Series Transformer (TST) AI FX Model to help businesses mitigate FX-related costs and risks arising from global volatility....

Capgemini Introduces Continuous KYC Sandbox

French IT services and consulting company Capgemini has announced an industry-first with the release of its perpetual KYC (pKYC) sandbox. According to Capgemini, this innovative...

Coinbase Launches Internet Payment Protocol for AI Agents

Coinbase is reviving a long-dormant protocol for online payments, aiming to establish a fully automated payments layer that operates without human intervention. The HTTP 402...

EU Parliament Supports Stricter Regulations for AI Act

The European Parliament has achieved consensus on comprehensive legislation aimed at governing artificial intelligence (AI) usage within the EU, prioritizing transparency and security. On Thursday,...

Former Celsius CEO Mashinsky Sentenced to 12 Years for Cryptocurrency Fraud

Alexander Mashinsky, the former CEO of crypto firm Celsius Network, has been sentenced to 12 years in prison for commodities fraud and securities fraud. Mashinsky...

Corpay and TPG Join Forces to Acquire AvidXchange

Business payments automation firm AvidXchange is going private through a $2.2 billion deal, with asset firm TPG acquiring a majority stake while Corpay takes a...

BofA Employees Adopt AI Virtual Assistant

Bank of America reports that over 90% of its 213,000 employees currently utilize its AI-powered internal virtual assistant, significantly reducing calls to the IT services...