2025 – Page 14 – FintechDaily

MS Azure Outage Sparks Concerns about Cloud Reliance

The recent outage of Microsoft's Azure platform has once again highlighted the significant influence exerted by a limited number of cloud computing providers. The disruption,...

Monzo hires ex-Google executive Layfield as new CEO, succeeding Anil

Former Google and Standard Chartered executive Diana Layfield is set to assume the role of CEO at UK digital bank Monzo, succeeding TS Anil, who...

Mastercard Nears $2 Billion Acquisition of Crypto Firm Zerohash

Mastercard is reportedly in advanced negotiations to acquire the cryptocurrency and stablecoin infrastructure platform, Zerohash, for a sum that may reach as high as $2...

Digital Euro Set for 2027 Pilot Launch Before Official 2029 Rollout

The European Central Bank (ECB) has announced plans to initiate a pilot for a digital euro in 2027, with a full launch projected for 2029....

Citi Names CEO as Chair of the Board

Citi, a prominent US investment bank, has appointed Jane Fraser as the new chair of its board of directors, marking a significant leadership transition. She...

Bank Profits at Risk of $170 Billion Loss Due to AI

A report from McKinsey highlights a significant risk for banks, estimating that failure to adapt to the increasing adoption of artificial intelligence (AI) by consumers...

Zelle Utilizes Stablecoins for Global Expansion

US bank-backed P2P payments service Zelle has announced plans to use stablecoins to facilitate cross-border payments. Zelle's operator, Early Warning Services, has revealed that it...

Anthropic Enhances Claude for Financial Services

Anthropic, the AI startup supported by both Amazon and Google, has enhanced its Claude for Financial Services platform by introducing an Excel add-in and integrating...

PayPal Incorporates Mastercard Agent Pay into Wallet

Mastercard's agentic payments platform is being integrated into PayPal's wallet, enabling AI agents to complete transactions on behalf of users. This partnership will allow hundreds...

UBS Restructures Key Operations Positions

Swiss bank UBS has announced a series of changes to its executive team, including a reshuffle in its operations and technology roles. Group chief compliance...