/security
Banco Santander has reported a data breach at a third party provider that exposed client and employee data.
1 hour
/payments
Billed as a game-changer for productivity, up to 90% off Klarna staff are now using generative AI daily, with non-technical groups such as Communications, Marketing, and Legal seeing adoption rates of 92.6%, 87.9%, and 86.4% respectively.
2 hours
The Eurosystem has begun the first of a series of trials to test the use of ditributed ledger technology (DLT) for the settlement of wholesale transactions in central bank money.
3 hours
/startups
In the week that the Australian Federal Government committed $288 million to advance digital ID and tackle identiy theft, CommBank's venture scaler unit x15Ventures has developed Truyu, an app that alerts users when there credentials are at risk of being misused by fraudsters.
4 hours
/regulation
A group of UK MPs has tabled a parliamentary motion calling on the government to remove powers in a new bill that they say would result in the mass surveillance tens of millions of people's bank accounts.
14 hours
/retail
HSBC has added a feature to its mobile app in the UK to help customers identify, plan and manage their saving goals.
Israeli startup Kima is running a project with Mastercard's FinSec Innovation Lab to connect decentralised finance (DeFi) applications with fiat systems.
/wholesale
UBS is aiming for a swift and smooth IT integration with recently acquired Credit Suisse, bringing over only 10% of its former rival's 3000 applications.
19 hours
Temenos has announced the launch of its Responsible Generative AI solutions as part of its AI banking platform.
13 May 2024
Money moving fintech TabaPay has pulled out of a deal to buy the assets of bankrupt Banking-as-a-Service platform Synapse.
BBVA has completed a successful trial of the execution of quantum algorithms across multiple conventional servers in the AWS cloud.
Fintech Farm, a London-based startup that helps banks in emerging markets to launch all-digital neobanks, has raised $32 million in funding.
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