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The Monetary Authority of Singapore has established The Global Finance & Technology Network (GFTN) a not-for-profit organisation to harness technology, pump-prime startups and foster innovation in the fintech ecosystem.
30 October 2024
Banco Santander will axe 1425 jobs in the UK this year as part of a cost-cutting round and push to automate some work.
29 October 2024
African giant Standard Bank is moving its payments infrastructure to Volante's cloud Payments-as-a-Service (PaaS), accelerating ISO 20022 adoption on the continent.
Nigerian fintech behemoth Moniepoint has raised $110 million in funding to expand across Africa.
Citi has inked a multi-year agreement with Google Cloud that will see the US banking giant tap into the vendor's Vertex AI platform.
BBVA Asset Management is investigating the use of blockchain technology for a "tokenised" investment fund.
28 October 2024
The Bank for International Settlements (BIS) along with central banks in Australia, Korea, Malaysia and Singapore have successfully demonstrated the feasibility of embedding regulatory compliance requirements with cross-border financial transactions.
HSBC and Ant International have completed HKD-denominated cross-bank blockchain-based test transactions under the Hong Kong Monetary Authority’s Ensemble Sandbox.
Venture capital investment in US fintech remains muted, hovering near a six-year low for the sector, as deal flow has shifted toward the early stage, according to a report from Silicon Valley Bank.
Finextra sat down with Chris Ward, EVP enterprise payments for Truist Bank, to talk about what he sees coming in the future of payments.
25 October 2024
Temenos has hired Barb Morgan, formerly of LSEG and FIS, as chief product and technology officer.
24 October 2024
Bank of America's artificial intelligence push has led to a 94% increase in AI and machine learning granted and pending patent applications since 2022.
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