FintechDaily – Page 13 – Fresh Dose of Fintech News

Standard Chartered Partners with Alibaba for AI Agreement

Standard Chartered has forged a strategic partnership with Alibaba Group, focusing on AI and cloud technology. Under the terms of the Memorandum of Understanding, Standard...

RBC Utilizes In-House AI Model for Credit Assessments

The Royal Bank of Canada (RBC) is leveraging its proprietary AI foundation model to enhance credit adjudication and personalize its loyalty programs. Developed by RBC's...

Daloopa Secures $13 Million in Funding for AI-Driven Data Platform

Daloopa, a company specializing in AI-powered data extraction for hedge funds, investment banks, and various financial institutions, has successfully secured $13 million in funding. As...

NatWest and Google Team Up to Empower UK Startups with AI Tools and Training

NatWest has partnered with Google Cloud to enhance support for entrepreneurs within its business Accelerator program, providing them access to advanced AI tools, cloud technologies,...

Wells Fargo Partners with Google Cloud for Advanced AI Initiatives

Wells Fargo is deepening its partnership with Google Cloud to implement agentic AI throughout its operations. In 2022, the two entities collaborated to introduce an...

Maybank Partners with Microsoft for RM1 Billion Digital Transformation Initiative

Malaysia's leading financial institution, Maybank, has finalized an agreement with Microsoft to drive its digital transformation initiatives. This partnership, valued at approximately RM1 billion ($226...

Paxos Reaches $48.5 Million Settlement in New York Over AML Violations Linked to Binance

Blockchain infrastructure provider Paxos has reached a $48.5 million settlement with New York regulators over anti-money laundering (AML) failures linked to its partnership with Binance....

Standard Chartered Enters Five-Year Carbon Credit Agreement with Brazilian State

Standard Chartered and Acre State Partner for Forest Protection Carbon Credits Standard Chartered has announced an agreement to sell up to five million high-integrity forest...

Trump Signs Order Permitting Cryptocurrency in 401(k) Retirement Plans

US President Donald Trump has signed an executive order allowing Americans to include alternative assets such as private equity, cryptocurrencies, and real estate in their...

Ripple Acquires Stablecoin Company Rail for $200 Million

Ripple is acquiring Toronto-based stablecoin payments platform Rail for $200 million. Rail offers a payment infrastructure that connects fiat and stablecoin technologies, enabling clients to...