FintechDaily Staff – Page 175

IBM Unveils Real-Time AI for Enhanced Transaction Processing

IBM is leveraging the capabilities of real-time AI to assist banks in analyzing transactions for fraud on a large scale. Credit card fraud remains a...

Deutsche Börse Offers €3.9 Billion to Acquire SimCorp

Deutsche Börse has presented a €3.9 billion offer to acquire Danish financial software firm SimCorp. The proposed bid constitutes a 38.9% premium over SimCorp's closing...

Block Reports Unauthorized Access to Customer Data by Former Employee

Block has notified the SEC that a former employee unlawfully accessed reports containing customer information related to US Cash App users. In December, the individual...

U.S. Banks Support ID Verification Service

Some of America's largest lenders have teamed up with Early Warning to introduce a service that enables users to verify their identity on participating businesses'...

Tradeweb Proposes A$125 Million Acquisition of E-Trading Platform Yieldbroker

Fixed income marketplace Tradeweb is in discussions to acquire Yieldbroker, an Australian government bond and interest rate derivatives trading platform. The proposed sale is valued...

BBVA Fund Backs Latin American Authentication Startup Truora

BBVA investment fund Propel has led a $15 million financing round for Truora, a Colombian startup specializing in authentication. Truora's TruConnect platform allows companies to...

JPMorgan Employs ChatGPT to Analyze Federal Reserve Speeches

JPMorgan has developed a ChatGPT-based language model designed to analyze Federal Reserve statements and speeches, aiming to identify potential trading signals. The model has reviewed...

Westpac Instantly Blocks Payments to Potential Scammers

Westpac has initiated a policy of automatically blocking suspicious online transactions from overseas retailers identified as high-risk for scams. When a customer attempts to make...

Amazon Stock Takes a Dive as Cloud Growth Slows Down

Amazon has reported a slowdown in its cloud growth as business customers reduce spending amid ongoing market uncertainty. The retail giant anticipates a 9% increase...

Marlin Acquires Majority Stake in Napier AI

Marlin Equity Partners has acquired a majority stake in UK financial crime RegTech Napier AI, though the terms of the deal remain undisclosed. Napier AI,...