NatWest backs Icon Solutions with significant investment to revolutionise payments
NatWest Group has taken a step forward in the payments industry by announcing a strategic minority investment in Icon Solutions.
Estonia’s BotGuard OÜ secures €12m for cybersecurity expansion
BotGuard OÜ, a cyber firm based in Tallinn, Estonia, has announced a €12 million Series A funding round led by MMC Ventures.
Revolutionising finance: The rise of embedded finance in 2024
As we delve deeper into 2024, the embedded finance phenomenon continues to reshape the financial services sector. A Capgemini survey from 2021 revealed that over 70% of banking executives view embedded finance as a catalyst for innovation, customer base expansion, and cost reduction, predicting its market value to soar to $588bn by 2030 from $22bn in 2020. This trend positions embedded finance as a key strategic channel for banks.
Cheddar relaunches savings app amidst cost of living crisis
Cheddar, a pioneering FinTech company known for its innovative rewards applications, has unveiled its latest product aimed at alleviating the financial pressures of the cost of living crisis for consumers in the UK.
GrammaTech secures $1m in DARPA AI Cyber Challenge for cybersecurity innovation
GrammaTech, a premier cybersecurity service and software development tool provider, has achieved a significant milestone by being one of the winners in the Defense Advanced Research Projects Agency (DARPA)'s Artificial Intelligence Cyber Challenge (AIxCC).
Ian Morrin leads Tink’s payment revolution with senior team expansion
Tink has enhanced its leadership team by welcoming Ian Morrin, Andrew Boyajian, and Jack Spiers into new roles within the company.
Combating business email compromise: Strategies for financial firms
In the ever-evolving landscape of financial crimes, firms across the globe are grappling with the challenge of safeguarding their operations and reputation. Among the myriad of schemes that threaten the integrity of financial institutions, Business Email Compromise (BEC) stands out for its cunning simplicity and potentially devastating impact.
Singapore’s central bank weighs AI’s pros and cons in policy making
The MAS recently offered insights into how AI and machine learning (ML) technologies are shaping the future of policy development.
US leads historic UN Resolution to democratise artificial intelligence
The United States has taken a pioneering role at the United Nations with its proposal for the first-ever resolution focused on AI.
How the latest AML/CFT proposals will reshape investment advisory
The world of finance is on the brink of a significant transformation, especially for investment advisors in the United States. On February 15th, 2024, a pivotal announcement was made by the Financial Crimes Enforcement Network (FinCEN) that is set to redefine the landscape of anti-money laundering (AML) and counter-financing of terrorism (CFT) compliance.
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