Tag: Banks

Jifiti has unveiled its latest breakthrough in financial technology, the Tap Now, Pay Later™ system, which facilitates effortless loan deployments for banks through all major digital wallets at any sales point.

The Financial Conduct Authority (FCA) has recently mandated that financial institutions, including banks, payment firms, and lenders, enhance their protocols to ensure fair treatment of politically exposed persons (PEPs).

A recent report by SaaScada found significant insights into the challenges UK banks face in migrating to cloud-based core banking systems.

Posh AI, a pioneering firm in the development of generative and conversational AI for financial services, has successfully raised over $45m in its latest investment round.

Gurgaon-based fintech startup, Vegapay, has successfully raised $5.5m in seed funding, according to FinSMEs.

In a report published March 2024, Alveo polled 200 financial institutions about their current usage of data and AI. The respondents were split over...

In a report published March 2024, Alveo polled 200 firms about leveraging AI in data management. The respondents were split over the US, the...

In recent years, the integration of generative artificial intelligence (GenAI) tools within the financial sector has seen remarkable growth. A study conducted by ORX, a leading operational risk association, reveals that 75% of the world’s major banks and insurers are now utilizing external GenAI applications in their operations.

Swedish FinTech apps saw a combined 21.0m downloads from 2017-Feb 2024. This means on average Swedes have downloaded two FinTech apps each (population 10.5m)....

As part of KPMG research, 111 banks from more than 20 countries have answered questions on their progress on and challenges with taking new...