FintechDaily – Page 109 – Fresh Dose of Fintech News

Introducing the Innovators Shaping the Future of Payments at NextGen Nordics

The rapidly evolving payments landscape is being shaped by innovative thinkers across various sectors. The NextGen Nordics event, scheduled for 29 April 2025 at the...

Finextra Survey Uncovers Compliance Challenges and Technology Gaps Amid U.S. Regulatory Uncertainty

The latest survey report by Finextra, which gathered responses from 200 financial services professionals across the US, sheds light on optimism and uncertainty regarding the...

BBVA Expands AI Workforce, Doubling Employee Numbers

BBVA has significantly expanded its workforce dedicated to artificial intelligence, increasing the number of employees to over 400 with the establishment of new 'AI Factories'...

What is the Sustainability of Cash Payments?

According to a study conducted by European financial authorities, the annual environmental impact of an individual's usage of euro banknotes equates to driving approximately 8...

Goldman Sachs and Nomura Leverage Meta’s Llama AI Models

Goldman Sachs and Nomura are leveraging Meta's open-source Llama artificial intelligence models as part of their technological strategies. Since its launch 18 months ago, the...

MPs to Interrogate Bank Executives Regarding IT Outages

The Treasury Committee has reached out to the CEOs of nine banks and building societies to gather information regarding the extent and repercussions of IT...

Volt and Ekko Join Forces to Eliminate Ocean Plastic for Shoppers

Volt, a real-time payments platform, has partnered with sustainability fintech ekko to enable retailers and their customers to contribute to the removal of plastic bottles...

Lloyds to Implement AI for Automating Trade Finance Verifications

Lloyds Bank is set to implement AI technology developed by Cleareye this month to automate the traditionally labor-intensive processes involved in trade finance documentation and...

Rand Merchant Bank Partners with KOKO to Enhance Climate Financing in Africa

Rand Merchant Bank (RMB) in South Africa has entered into a strategic partnership with climate technology firm KOKO to enhance climate financing initiatives. This collaboration...

Union Criticizes Lloyds for IT Restructuring Program

Lloyds Banking Group is set to eliminate 300 engineering positions as part of a significant restructuring initiative aimed at transforming the organization. This change is...