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Swift bids to connects VoP schemes across Europe

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Swift bids to connects VoP schemes across Europe

Bank-to-bank payment messaging network Swift is working to facilitate interoperability of Verifcation of Payee schemes across Europe as new research shows that 83% of SMEs across France, Germany, Italy and Spain rank upfront beneficiary checks as important to them in trading across borders.

Finextra launches NextGen:AI, a new event defining AI's future in financial services

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Finextra launches NextGen:AI, a new event defining AI's future in financial services

Join Finextra in London on 26th November 2024 to challenge the perception of AI and its role in financial services.

Wells Fargo fires employees for 'simulating' keyboard activity

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Wells Fargo fires employees for 'simulating' keyboard activity

Wells Fargo fired several employees for faking work by using "mouse jigglers" to simulate computer activity, according to Bloomberg.

Paxos lays off 20% of staff

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Paxos lays off 20% of staff

Digital assets outfit Paxos has laid off 20% of its staff, according to a Bloomberg report.

Co-op Bank glitch hits business customers after payments taken twice

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Co-op Bank glitch hits business customers after payments taken twice

The Co-op Bank hs apologised to customers after a computer glitch resulted in duplicate transactions, pushing some small business owners into their overdrafts.

BIS and MAS map blueprint for assessing bank climate risk

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BIS and MAS map blueprint for assessing bank climate risk

The Bank for International Settlements (BIS) and the Monetary Authority of Singapore (MAS) have developed a blueprint for a platform that integrates regulatory and climate data to help financial authorities identify, monitor and manage climate risks in the financial system.

Danish fintech Ageras eyes acquisitions

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Danish fintech Ageras eyes acquisitions

After posting a profit for 2023, Danish accounting software fintech Ageras has set its sights on securing one or two "major acquisitions".

EBAday 2024: Fintech Zone finalists revealed!

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EBAday 2024: Fintech Zone finalists revealed!

For the sixth year running, EBAday will host a dedicated Fintech Zone, where 16 early stage and growth startups will compete for the chance to be crowned the 2024 winner.

Rabobank joins funding round in Hawk

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Rabobank joins funding round in Hawk

German RegTech Hawk has extended its Series B funding round with an additional investment from Dutch bank Rabobank.

JPMorgan hires ex-PayPal exec as CTO - Reuters

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JPMorgan hires ex-PayPal exec as CTO - Reuters

JPMorgan Chase has appointed former PayPal executive Sri Shivananda as chief technology officer, according to Reuters.

HSBC and BNY Mellon early adopters for Quantexa GenAI suite

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HSBC and BNY Mellon early adopters for Quantexa GenAI suite

HSBC and BNY Mellon are among the early adopter programme participants for Quantexa's Q Assist context aware generative AI technology suite.

56% of US companies offer faster payments; 35% planning to do so

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56% of US companies offer faster payments; 35% planning to do so

According to a new US Faster Payments Council (FPC) report, more work is needed to ensure most faster payments products are financially inclusive.

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