FintechDaily Staff – Page 7

Klarna and Google Finalize AI Partnership

Klarna has partnered with Google Cloud to utilize its complete AI stack, encompassing infrastructure, platforms, and models. This new "AI-first" collaboration aims to enhance innovation,...

Majority of Bank Employees Utilizing Unapproved AI Tools

The rise of shadow AI, where bank employees use unauthorized technology, presents an increasing risk to the financial services sector, according to recent research. A...

BoE Sounds Alarm on Possible AI Bubble

UK investors should brace for a potential sharp correction in the value of UK stocks, driven by inflated valuations for AI companies, according to the...

G20’s Cross-Border Payments Initiative Will Miss 2027 Target Deadline

Payment firms have expressed disappointment over the news that a G20 initiative aimed at improving cross-border payment efficiency is set to miss its initial deadline....

LSE and Crowdcube Make Private Markets Accessible to Retail Investors

The London Stock Exchange (LSE) has announced a strategic partnership with Crowdcube, a prominent crowdfunding platform, aimed at cultivating a more inclusive and liquid private...

Teylor Secures €150 Million from Fasanara Capital to Boost Pan-European SME Financing Expansion

Teylor has entered into a strategic partnership with a prominent London-based asset manager to propel its factoring operations across seven European nations and establish a...

Monzo Plans to Reapply for US Banking License

UK-based neobank Monzo is reportedly planning to re-enter the US banking market. According to a Financial Times report, the online bank is considering reapplying for...

Esma to Oversee Cryptocurrency and Stock Exchanges

The European Commission plans to transfer regulation of cryptocurrency firms, stock exchanges, and clearing houses from national authorities to the European Securities and Markets Authority...

Moody’s Cautions That Slow AI Adoption May Diminish Margins and Market Share

The Credit Risks of Artificial Intelligence: Insights from Moody's Ratings Artificial intelligence (AI) has evolved from a mere technological advancement to a significant factor influencing...

Coinbase Seeks National Trust Charter Approval

Crypto giant Coinbase is the latest fintech to apply for a national trust company charter through the Office of the Comptroller of the Currency (OCC)....