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Bank of America will look to launch its own dollar-backed stablecoin if US lawmakers make it legal to do so, says CEO Brian Moynihan.
04 March 2025
Finance automation and corporate credit card platform Ramp has hit a $13 billion valuation after investors purchased $150 million in secondaries from employees and early backers.
AI insights company Behavox has acquired Mosaic Smart Data, a vendor that helps financial institutions extract actionable intelligence from their transaction data. Terms of the deal were not disclosed.
28 February 2025
US-based investment bank and global custodian BNY has agreed a deal with OpenAI, the creator of generative AI platform ChatGPT, to help with the development of the bank's proprietary AI platform Eliza.
27 February 2025
Barcelona-based wealth management platform Flanks has raised €14 million in an equity round led by Motive Ventures.
India-based payments giant Paytm is collaborating with the Indian government in an initiative designed to boost the growth of fintech startups in the country.
26 February 2025
Bank payments fintech GoCardless has teamed up with embedded finance firm Pipe to offer small businesses direct access to capital financing.
Madrid-based treasury management startup Embat has acquired Necto, a US bank API connectivity specialist. Financial terms were not disclosed.
25 February 2025
Swiss blockchain startup Taurus has released what it describes as an open-source token standard for debt and equity transactions in a move designed to boost the digital assets market.
Asia could account for almost half of global fintech transactions by the end of the year as it continues to outpace other regions, according to recently published research.
The UK Government is considering scrapping the Payments Systems Regulator and folding it into the Financial Conduct Authority.
24 February 2025
Singapore's DBS Group expects to dispense with 4000 contract and temporary emloyees over the next three years as AI takes centre stage.
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