May 31, 2025 – FintechDaily

Global Payments Sells Payroll Division for $1.1 Billion

Global Payments is taking important steps to streamline its operations by agreeing to sell its payroll unit to fintech company Acrisure for $1.1 billion. This...

UBS Introduces AI Avatars Representing Its Analysts

Swiss banking institution UBS is leveraging advanced AI technology to develop video avatars of its analysts for client communication. Utilizing models from OpenAI and Synthesia,...

Saudi Researchers Develop World’s Fastest Quantum Random Number Generator

Research scientists at Saudi Arabia's King Abdullah University of Science and Technology (KAUST) and King Abdulaziz City for Science and Technology (KACST) have announced the...

Addressing Low-Value Cross-Border Payment Challenges

The panel session on "Evolving Business Models in Cross-Border Payments" delved into the complexities and advancements within modern cross-border payments. Leo Lipis, CEO of Lipis...

Assessing the Feasibility of Implementing VoP and Instant Payments

At EBAday 2025, two expert panels delved into the challenges surrounding Verification of Payee (VoP), fraud prevention, and the implications of rising volumes in instant...

BoA Report: Achieving Net-Zero Demands $5 Trillion Annually for the Next 30 Years

Ahead of the COP26 summit, Bank of America Global Research has released a comprehensive report on net-zero investments, forecasting an annual requirement of $5 trillion...

Trump Media Secures $2.5 Billion for Bitcoin Acquisition

Donald Trump's media company has announced plans to raise $2.5 billion from institutional investors to establish a Bitcoin reserve. Following the announcement, shares in Trump...

SEB Partners with AI Factory in Joint Venture

SEB Joins Swedish Consortium to Develop Advanced AI Supercomputer with Nvidia SEB is now a member of a Swedish consortium collaborating to establish a state-of-the-art...

ECB Integrates Private Sector Companies into Digital Euro Innovation Platform

The European Central Bank (ECB) is intensifying its efforts to lay the groundwork for a digital euro by launching an innovation platform that allows around...

Accelar Introduces Impact Hub to Boost Investment in Nature-Positive Projects

Accelar has officially launched the Nature Finance Impact Hub, aimed at fostering market confidence in nature-positive initiatives by highlighting their financial and environmental advantages. As...