Latest News – Page 166

Latin American Open Finance Platform Belvo Secures $15 Million in Funding

Mexico City-based open finance API platform Belvo has secured $15 million in a funding round led by Quona Capital, with participation from Citi Ventures, Kaszek,...

Nigeria’s Carbon Acquires Vella Finance to Enhance AI-Driven Business Banking Solutions

Nigerian digital bank Carbon has announced its acquisition of Vella Finance, signaling the launch of a new AI-driven platform aimed at supporting small and medium-sized...

UK Neobank App Downloads Exceed Legacy Banks for the First Time

A recent analysis conducted by SplitMetrics has revealed a significant trend in the finance sector: UK neobanks have overtaken traditional UK banks in app downloads...

Bolt Introduces SuperApp for Seamless One-Click Crypto and Daily Payments

Bolt has launched a new SuperApp that combines one-click crypto transactions with everyday payments, positioning itself to compete with major players like Coinbase, Zelle, and...

Swift Introduces Investigative Tool for Monitoring Late Payments

Swift has launched a case management service aimed at addressing payment defaults, which it claims could save member banks millions in operational costs and drastically...

Global Payments Acquires Worldpay for $22.7 Billion and Divests Issuer Solutions to FIS

The payments sector is experiencing a significant transformation as Global Payments has announced a $22.7 billion agreement to acquire Worldpay from GTRC and FIS, while...

What Steps Can Your Company Take to Enhance Sustainability?

During a fireside chat entitled "Fintech and the Climate Crisis: Driving Innovation for a Sustainable Future" at IFGS 2023, Anisha Mohil, the impact and sustainability...

Barclays Partners with Brookfield to Sell Payments Division

Barclays has formed a strategic partnership with Brookfield Asset Management to gradually offload its payments acceptance business. In February, Barclays announced it was considering a...

Friday Harbor Secures $6 Million for AI-Driven Mortgage Origination Solution

Friday Harbor, an AI-driven platform designed to assist loan officers in assembling complete and compliant loan files in real time, has successfully closed a $6...

How Westpac is Leveraging Generative AI to Accelerate Software Development

Westpac has successfully trained 800 of its engineers in utilizing generative AI tools to accelerate software development processes. In an interview with Westpac Wire, the...