FintechDaily – Page 16 – Fresh Dose of Fintech News

SRA Watchtower Secures $4 Million for AI-Driven Risk Intelligence Initiative

SRA Watchtower, a software-as-a-service (SaaS) provider specializing in AI-driven risk management and financial insights, has successfully raised $4 million in its latest funding round. This...

Nationwide Transitions On-Premises IT Infrastructure to HPE GreenLake Cloud

Nationwide Building Society has transitioned its on-premises IT infrastructure to the HPE GreenLake Cloud, marking a significant step in its digital transformation journey. By leveraging...

NatWest Enters Partnership with OpenAI

NatWest has announced a partnership with OpenAI to integrate generative artificial intelligence into the bank's digital assistants. As a pioneering move for a UK-based bank,...

CaixaBank Unveils €5 Billion Technology Strategy

Spain's CaixaBank has unveiled an ambitious two-year technology strategy, allocating €5 billion to place generative AI at the core of its operations. This initiative, dubbed...

MUFG Employs Photonics to Reduce IT Downtime

NTT DATA and MUFG Bank have achieved a significant milestone in advancing technology aimed at preventing future IT outages. They successfully conducted a test involving...

Negotiations Underway for Climate Financing Draft

The ongoing COP29 climate summit in Baku, Azerbaijan, is pivotal, with key decisions pending that could impact global climate action. The recent stalemate on climate...

Western Alliance Bank Targeted in Zero-Day Security Breach

Phoenix-based business bank Western Alliance has informed its customers about a data breach resulting from a zero-day vulnerability in third-party file transfer software. The breach...

BX Digital Launches DLT-Based Settlement System for Digital Assets in Switzerland

BX Digital, a subsidiary of Boerse Stuttgart, has secured conditional approval from Swiss regulatory authorities to implement a blockchain-based settlement system for digital assets. The...

UK Government Begins Procurement Process for Digital Gilt Instrument Issuance

The UK Government has announced a procurement notice for a pilot initiative aimed at the issuance of blockchain-based Digital Gilt Instruments (Digit). In November 2024,...

DBS to Reduce Workforce by 10%

DBS Group, based in Singapore, anticipates a reduction of approximately 4,000 contract and temporary employees over the next three years as artificial intelligence (AI) plays...