Latest News – Page 138

Central Bank States Revolut Must Obtain License to Operate in Ukraine

Ukraine's central bank has announced that Revolut does not possess a license to operate in the country, despite the London-based fintech's recent declaration that Ukrainian...

Google Cloud Foresees Four Transformative Impacts of GenAI on Financial Services

The upcoming year is poised to mark a significant turning point for AI innovation in the financial sector, according to Zac Maufe, global head of...

Ex-UBS Investment Analyst Launches AI Education Tool with Voice Cloning Technology

Geoff Robinson, a former UBS investment analyst, has launched an educational app that leverages his digitally cloned voice and AI-generated expertise to assist self-directed investors...

Crédit Agricole set to acquire Santander’s stake in Caceis

Crédit Agricole SA will enhance Caceis’ position as a leading player in European asset servicing, further supporting its clients’ business growth objectives. Crédit Agricole SA...

OCBC Introduces Customized Tokenized Bonds for Major Corporate Clients

OCBC has initiated the sale of customized tokenized bonds in S$1,000 denominations, targeting corporate clients with net assets exceeding S$10 million. These tokenized bonds, linked...

AI Poses Risk to 200,000 Jobs in Global Banking Sector

Global banks are projected to cut as many as 200,000 jobs over the next three to five years as artificial intelligence begins to take over...

Avalanche Unveils Visa Cryptocurrency Card

The Avalanche Foundation has introduced a physical and digital credit card that enables users to make purchases using their crypto assets wherever Visa is accepted....

Stripe Reaches $91.5 Billion Valuation Fueled by Successful AI Investments

Stripe has announced a tender offer for employees and shareholders, valuing the payments giant at $91.5 billion, nearing its 2021 peak of $95 billion. The...

Citi Accidentally Credits Client Account with $81 Trillion in Near Miss

A significant error last year caused Citigroup to mistakenly credit a customer account with $81 trillion instead of the intended $280, as reported by the...

Bank Alfalah Secures Stake in Jingle Pay

Bank Alfalah, one of Pakistan’s leading commercial banks with a network of over 1,000 branches across 200 cities, has announced the acquisition of a 9.9% equity...