Tag: Banks

Radian backs FinLocker with a fresh investment

Radian Group, a leading company in mortgage and real estate services, announced a strategic investment in FinLocker, a revolutionary app designed to assist in personal financial fitness and homeownership.

Kinecta partners with FusionIQ to revolutionise digital investing

FusionIQ, a leading provider of cloud-based wealth management solutions, joins forces with Kinecta Federal Credit Union in a strategic partnership aimed at enhancing digital investing services for financial institutions.

The rise of money mules in UK fraud: Prevention and detection

Fraud in the UK has become a significant concern, with 40% of crimes being fraudulent. Money muling is at the forefront, where fraudsters utilise synthetic or real mule accounts for financial gain. The UK government, recognizing the seriousness, plans to publish an action plan to combat this issue. 

US banks to face tighter online lending scrutiny under updated regulations

Regulators in the US are set to tighten the screws on banks regarding which communities they serve through online lending.

Singapore banks’ enhanced security nets $57.6m in scam prevention

The ABS has declared the advanced security measures taken by significant retail banks in Singapore are proving effective against scams.

AI-powered financial safety platform Carefull nets $16.5m in Series A funding

Carefull, an AI-driven FinTech platform, has taken a significant stride forward in its mission to safeguard the finances of older adults. The company successfully closed...

IBM study uncovers tech challenges hampering financial institutions

A study led by IBM Institute for Business Value (IBV) has shed light on the discrepancies between the priorities of bank executives and their consumers.

Are UK banks abandoning investment in the metaverse?

The allure of the Metaverse seems to be waning among UK banks, according to a new report from Hexaware Mobiquity.

Kroo targets £70m in funding as distrust in banks grows

Kroo, the digital banking startup based in the UK, is gearing up for its next significant investment endeavour.

Banks slow in setting comprehensive net zero goals, report finds

Banks are increasingly integrating climate change into their strategies, with many setting net zero emission targets, a report has found.

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