Latest News – Page 163

Central Banks Seek Operator for Cross-Border Payments Network Through Tender Process

The five central bank partners in Project Nexus, an initiative by the Bank for International Settlements aimed at interlinking domestic real-time payment systems across borders,...

Major Banks Participate in $63 Million Funding Round for Luma

Luma Financial Technologies, a leading platform specializing in structured products and annuities, has successfully secured $63 million in Series C funding. The financing round was...

FCA Requests Input on Sustainable Governance

The Financial Conduct Authority (FCA) has released a discussion paper aimed at fostering conversation and gathering varied insights on the topic of sustainable governance for...

Bunq Introduces GenAI Chatbot

Bunq has introduced an innovative generative AI platform, designed to impress customers with its capabilities in addressing various financial inquiries. The new chatbot, named Finn,...

Biden Nominates Former Mastercard CEO Ajay Banga as President of the World Bank

President Biden has nominated Ajay Banga, the former CEO and president of Mastercard, to take on the role of president of the World Bank. This...

BBVA Launches GenAI ‘DataRally’ Initiative

BBVA recently hosted an internal initiative known as the 'DataRally' focused on generative artificial intelligence, aimed at identifying and nurturing talent within its workforce in...

Ripple Secures Approval from NYDFS for Launching Stablecoin

Ripple has secured approval from the New York Department of Financial Services (NYDFS) for the anticipated launch of its dollar-backed stablecoin, RLUSD. This stablecoin will...

PayPal Introduces AI-Driven Products

PayPal has recently introduced a series of innovative AI-powered features aimed at transforming the commerce landscape. However, the announcement has not resonated well with investors,...

Current Secures $200 Million to Accelerate Path to Profitability

US-based personal finance application Current is setting its sights on achieving profitability by 2025, having secured $200 million in new funding following a remarkable 90%...

Challenger Banks and Specialized SME Lenders Surpass Traditional UK Banks

Challenger and specialist banks surpassed traditional banking institutions in providing loans to small businesses in 2022, accounting for a remarkable £35.5 billion. According to data...