Latest News – Page 258

Temenos Dismisses Hindenburg Allegations Following Completion of Investigation

Shares in core banking provider Temenos have increased following the release of an investigation commissioned by the company, which concluded that the accusations of mismanagement...

Prosper Exceeds £800,000 Crowdcube Goal

Prosper, the UK WealthTech company founded by alumni of Tandem and Nutmeg, has successfully reached its Crowdcube target of £800,000 prior to its public launch....

UK Government Launches Open Finance Task Force

Bim Ofolami, the UK government's Economic Secretary to the Treasury, has announced the creation of an open finance task force during his address at IFGS...

European Taskforce Advocates for T+1 Standardization

A group representing buy and sell-side firms and market infrastructure providers across Europe has urged the UK, Switzerland, and the EU to coordinate efforts to...

BoE’s Forecasting Hampered by Obsolete Technology

The Bank of England has faced significant criticism from former US Federal Reserve chairman Ben Bernanke for its reliance on outdated technology in economic forecasting....

Mastercard Launches Initial GenAI Assistant in New Suite of Offerings

Mastercard has launched a GenAI-based digital assistant aimed at expediting customer onboarding. This new product is the first in a series of agent tools being...

Canada Prepares to Enact Open Banking Legislation

The Canadian government has committed to introducing open banking legislation by the end of the year and has appointed the Financial Consumer Agency of Canada...

French Wealth Management Startup Ramify Secures €11 Million in Funding

French wealth management and financial advisory platform Ramify has successfully raised €11 million in a Series A funding round, with Crédit Agricole joining the investment....

Blair Institute Unveils ‘Progressive Vision’ for Fintech Advancement

If the Labour party secures victory in the upcoming UK general election, it must leverage the fintech sector as a driving force for economic growth,...

The Future of CBDCs, Tokenized Deposits, and the Rise of Stablecoin Adoption

Tokenised money is emerging in various countries, with the Bank of England's Sarah Breeden recently announcing plans for a discussion paper set to be released...