Latest News – Page 13

NATO Member States to Establish Defense, Security, and Resilience Fund

Following a recent commitment by NATO countries to invest 5% of their GDP in defense, global banks are backing a new financial institution aimed at...

Paxos Submits Application for National Trust Charter

Paxos has become the latest digital asset company to seek a US national trust bank charter. Paxos has filed to convert its New York Department...

UAE Nears Launch of Digital Dirham

The United Arab Emirates is making significant strides toward the phased introduction of its Digital Dirham, a central bank digital currency (CBDC). Having been in...

CommBank Sees 76% Decrease in Scam Losses with New Security Features Implemented

Australia's CommBank has introduced a Gen AI scam detection tool that allows customers to test suspicious text messages. Additionally, a new feature in the bank's...

FCA Issues Warning About Car Finance Scam Calls

The Financial Conduct Authority is warning individuals about a new scam related to car finance compensation claims. The watchdog has received reports of scammers contacting...

Trovata Acquires Treasury Management System Atom

Trovata, a cash and liquidity management platform, has announced the acquisition of Atom, a treasury management system (TMS), along with securing $9 million in funding....

Diebold Nixdorf Partners with Digital Euro Innovation Platform

Diebold Nixdorf is collaborating with the European Central Bank (ECB) to incorporate its payment processing technology into the frameworks for the digital euro. This company,...

Standard Chartered Partners with Alibaba for AI Agreement

Standard Chartered has forged a strategic partnership with Alibaba Group, focusing on AI and cloud technology. Under the terms of the Memorandum of Understanding, Standard...

RBC Utilizes In-House AI Model for Credit Assessments

The Royal Bank of Canada (RBC) is leveraging its proprietary AI foundation model to enhance credit adjudication and personalize its loyalty programs. Developed by RBC's...

Daloopa Secures $13 Million in Funding for AI-Driven Data Platform

Daloopa, a company specializing in AI-powered data extraction for hedge funds, investment banks, and various financial institutions, has successfully secured $13 million in funding. As...