/payments
Canadian payments firm Nuvei is set to go private after agreeing an acquisition deal with a private equity firm.
02 April 2024
/startups
Japanese financial services conglomerate has announced plans to consolidate its various fintech divisions into a single unit.
/predictions
The market for embedded finance is forecast to grow by 148% over the next five years, according to a recently published study.
/regulation
The governments of the UK and US have signed what they claim is the first international bilateral agreement to regulate the risks of artificial intelligence (AI) models.
/people
Santander's US arm has hired Swati Bhatia, the former head of Goldman Sachs' Marcus business, to lead its retail operations and lead a digital transformation programme.
ValidMind, an AI and model risk management platform for financial services, has raised $8.1 million in seed funding.
Sam Bankman-Fried has been sentenced to 25 years in prison for stealing $8 billion from customers of FTX, the bankrupt cryptocurrency exchange he founded.
28 March 2024
/wealth
JPMorgan Chase says its free Wealth Plan digital money coach has helped customers create more than a million personalised plans in just a year since launch.
/retail
Australian bank Westpac is planning to spend billions of dollars over the next four years to simplify its technology infrastructure.
/security
A report from the US Treasury has called on banks to bolster their risk management frameworks in order to avoid being overwhelmed by AI-powered fraudsters and cybercriminals.
A third of EU banks do not currently offer an instant payments service and the majority have been discouraged by the January 2025 deadline, according to recently published research.
/sustainable
Bulgarian embedded finance provider Paynetics is making an ESG play through the acquisition of UK 'impact neobank Novus. Financial terms were not disclosed.
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