Wise Seeks US National Trust Bank Charter
UK-based money transfer giant Wise has applied to be directly regulated by the US Office of the Comptroller of the Currency in order to establish...
Carney on Net-Zero: “If You’re Not In, You’re Out”
During the 'Financing the Net-Zero Transition' panel at Davos, Mark Carney, the UN's special envoy for climate action and finance, emphasized the crucial role of...
CommBank Unleashes Army of AI Bots to Counter Scammers in Chats
Australia's CommBank is taking action against scammers by introducing a fleet of thousands of AI-generated bot profiles aimed at engaging with and disrupting criminal networks...
Australian Banks Introduce Nationwide Confirmation of Payee Initiative
Australia's banks have launched a national Confirmation of Payee program aimed at protecting customers from being deceived into sending money to criminals. Banks have invested...
Mastercard Leverages AI to Combat Card Reissuance Fraud
Mastercard is launching Account Intelligence Reissuance, a GenAI-based fraud prevention service, in the Eastern Europe, Middle East, and Africa (Eemea) region. The service equips banks...
Elastacloud Hosts Hackathon to Develop Sustainable Finance Solutions
The inaugural Sustainable Finance hackathon, hosted by data science experts Elastacloud in collaboration with Finextra and Responsible Risk, took place on January 16 and 17,...
Deutsche Bank Spinoff IMP+ACT Alliance Joins Forces with UNDP
IMP+ACT Alliance has announced a strategic partnership with the United Nations Development Programme (UNDP) to offer investors digital guidance on aligning their investments with the...
Rabobank Addresses CO2 Challenge by Bridging Corporates and Farmers
Rabobank has introduced an innovative online platform designed to bridge the gap between large corporations aiming to offset their carbon emissions and smallholder farmers in...
Circle Seeks National Trust Bank Status
Stablecoin firm Circle has applied to create a national trust bank, further solidifying its position in the mainstream after its blockbuster IPO last month. The...
Fintech M&A Accelerates
Consolidation in the fintech sector is accelerating, with disclosed deal values for transactions over $100 million in the first half of the year nearing double...