May 2025 – Page 34 – FintechDaily

Visa Backs CO2 Tracker Ecolytiq with Investment

Sustainable finance provider Ecolytiq has successfully raised €13.5 million in a recent financing round led by Visa, alongside several notable investors. Prominent consulting firm PwC...

BBVA Partners with AWS to Launch New Data Platform

BBVA has chosen Amazon Web Services (AWS) to implement a cutting-edge data platform designed to securely manage its operational and customer data. Utilizing AWS Lake...

10x Banking Launches Comprehensive Suite of AI-Powered Core Banking Solutions

10x Banking has recently introduced a comprehensive suite of AI capabilities integrated into its meta core platform, aimed at driving banking transformation, enhancing operational efficiency,...

Deutsche Bank Executive Resigns Amid ‘Greenwashing’ Investigation

Asoka Woehrmann, the CEO of DWS, a subsidiary of Deutsche Bank, has stepped down following a police raid on the company’s offices. This action was...

Mizuho Tests Fujitsu’s Generative AI Technology

Japan's Mizuho Financial Group has initiated a trial of generative AI technology developed by Fujitsu, aimed at enhancing the efficiency of its system development and...

Most Consumers Trust Generative AI for Financial Planning

Recent research indicates that a significant majority—53%—of consumers express trust in generative AI technology for its application in financial planning. According to a study conducted...

SC Ventures Divests Indian Supply Chain Finance Platform Solv, Incubated in India

Standard Chartered's venture arm has successfully sold its incubated startup, Solv, to Jumbotail, a prominent Indian B2B commerce marketplace. Founded in 2019, SC Ventures established...

New York Senate Approves Moratorium on Bitcoin Mining

The New York State Senate has enacted legislation imposing a two-year moratorium on cryptocurrency mining operations that rely on carbon-based energy sources. This measure follows...

Lloyds Transitions Legacy Lending Infrastructure to the Cloud

Lloyds Banking Group has successfully transitioned its lending infrastructure to a cloud-based system, decommissioning over 20 legacy on-premises applications and resolving more than 50 systemic...

Zumo Secures Government Funding to Drive Crypto Decarbonization Efforts

Edinburgh-based cryptocurrency platform Zumo has secured government funding following the success of its pilot initiative aimed at decarbonizing crypto transactions. The Zero Hero pilot involved...