May 2025 – Page 28 – FintechDaily

Coinbase Finalizes $2.9 Billion Acquisition of Crypto Options Exchange Deribit

Coinbase has significantly enhanced its derivatives operations by reaching an agreement to acquire the cryptocurrency options exchange Deribit for a total of $2.9 billion. Under...

The AI Interview Will Begin Soon

Revolut has integrated an advanced AI system into its People platform, designed to streamline the interview process with candidates and generate comprehensive performance summaries for...

Commerzbank Shifts Innovation Unit’s Focus Towards Sustainability

Commerzbank is rebranding its innovation unit and early-stage investment wing to sharpen its focus on sustainability and green technology firms. The German banking leader has...

Proposed EU Regulations Aim to Govern Generative AI

The European Union's AI Act has advanced to the trilogue phase following nearly two years of development. This legislation sets forth specific requirements for generative...

BNY Mellon Accelerates Paper Check Reduction through Carbon-Tracking Technology

BNY Mellon, one of the leading cheque processors in the United States, is taking proactive steps to minimize cheque-based transactions through a range of digital...

Biden and Harris Meet with Big Tech CEOs to Discuss AI Regulation

US President Joe Biden recently convened a meeting with prominent tech executives to address the potential risks associated with the swift adoption of artificial intelligence...

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...