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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.
14 May 2024
In the week that the Australian Federal Government committed $288 million to advance digital ID and tackle identity 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.
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.
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.
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.
German savings and investment products marketplace Raisin has almost doubled revenues for 2023 and moved into net profitability for the first time.
US card giant Mastercard, through a joint venture, has finally begun processing domestic payments in China.
10 May 2024
Global mobile banking trojan attacks on Android users grew by a third in 2023, while cryptocurrency-related phishing also saw a sharp increase, according to a Kaspersky report.
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