FintechDaily – Page 175 – Fresh Dose of Fintech News

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...

NatWest Introduces Energy Assistance and Support Tool for UK Small and Medium Enterprises

NatWest has unveiled an innovative digital solution designed to assist the UK's 5.5 million small enterprises in reducing their energy costs and minimizing their carbon...

BIS Field Study Reveals That AI Utilization Can Enhance Programmer Productivity

A recent study conducted by the Bank for International Settlements (BIS) explored the impact of artificial intelligence on programmer productivity within Ant Group. This research...

Plaid and Stripe Set to Participate in Secondary Share Sale Fiesta

In recent months, fintech companies have increasingly turned to secondary share sales as a viable alternative to traditional exit strategies, seeking to enhance liquidity for...

Perenna Introduces Green Discounts for Homeowners Who Reduce Carbon Emissions

Long-term mortgage provider Perenna is set to introduce lower-cost loans for homeowners who commit to enhancing their properties' energy efficiency. In collaboration with Heatio and...

Ant Group Introduces AI-Driven ‘Life Assistant’ Application

Ant Group has introduced a new application called Zhixiaobao, designed as a comprehensive 'life assistant' that links users to a variety of AI agents focused...