FintechDaily – Page 144 – Fresh Dose of Fintech News

Revolut Ties Risky Behavior to Employee Bonuses

Revolut has rolled out an expanded internal 'Karma' system that monitors employee compliance with risk processes, linking their conduct to bonus structures. Launched in 2020,...

Klarna Launches AI-Driven Photo Tool for Shoppers

Klarna has introduced a cutting-edge AI tool that enables shoppers to capture images of products and styles in their environment. This innovative feature instantly identifies...

Santander Introduces Openbank Digital Brand in Mexico

Santander's Openbank digital banking service has officially launched in Mexico, following its recent introduction in the United States. The Openbank website and mobile app now...

Utilizing Generative AI to Develop ‘Synthetic Customers’ for Product Testing in CBA

The Commonwealth Bank of Australia (CBA) is exploring the application of generative AI to create 'synthetic customers' that can replicate human behavior in order to...

MAS MD Menon Compares Fintech Transformation to Wu Xing

The Singapore Fintech Festival's second day commenced with Ravi Menon, the Managing Director of the Monetary Authority of Singapore (MAS), emphasizing the accelerated innovation and...

UK Fintech W1tty Shuts Down Amid Allegations of Unpaid Employees

The UK-based financial technology application, W1tty, has ceased operations, leaving numerous former employees alleging that their outstanding wages remain unpaid. In a LinkedIn post, former...

Lord Christopher Holmes Chosen as Keynote Speaker for SustainableFinance.LIVE

Lord Christopher Holmes, Baron Holmes of Richmond, is set to deliver the keynote address at Finextra’s fifth SustainableFinance.LIVE conference and hackathon on November 29th. As...

How Collaborative Competition Fueled Success for AWS and Temenos

During the Temenos Community Forum held in Vienna earlier this year, Finextra had the opportunity to interview Stewart Davies, Global SaaS Commercial Director at Temenos,...

Nubank in Negotiations to Relocate Domicile to the UK

Brazil's leading digital bank, Nubank, is currently in discussions with the new UK government regarding a potential relocation of its legal domicile to the United...

Toku, the Latin American AR SaaS Platform, Secures $48 Million in Funding

Latin American accounts receivable SaaS platform Toku has secured $48 million in a Series A funding round led by Oak HC/FT. Existing investors, including Gradient...