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Banks and technology firms unite to test corporate digital IDs

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Banks and technology firms unite to test corporate digital IDs

The UK Government-backed Centre for Finance, Innovation and Technology (CFIT) has teamed up with leading banks and technology firms to test digital verification as a means to combat spiralling levels of economic crime.

Fed governor Waller cool on interlinking fast payment systems

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Fed governor Waller cool on interlinking fast payment systems

Federal Reserve governor Christopher Waller has cautioned against the clamour to interlink national fast payment systems, insisting that the US is focused on building up its FedNow network domestically.

Goldman, Nomura tap Meta Llama AI models

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Goldman, Nomura tap Meta Llama AI models

Goldman Sachs and Nomura are among the companies using Meta's Llama open source artificial intelligence models.

Allica Bank enters bridging market with Tuscan acquisition

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Allica Bank enters bridging market with Tuscan acquisition

British SME challenger bank Allica has acquired bridging lender Tuscan Capital from Quilam Capital for an undisclosed fee.

FCA rules and slow approval times dent the UK's aspirations to become a global crypto hub

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FCA rules and slow approval times dent the UK's aspirations to become a global crypto hub

British ambitions to become a global crypto hub are being hindered by a conservative regulatory approach that has seen applications for registration by crypto firms drop by 51% over the past three years.

Summit Partners and Visa Equity put Trintech in the shop window

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Summit Partners and Visa Equity put Trintech in the shop window

Summit Partners and Vista Equity are sounding out investment bankers for a potential sale of financial software house Trintech.

Revolut signs global Visa Direct agreement for cross-border business transactions

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Revolut signs global Visa Direct agreement for cross-border business transactions

Revolut has teamed up with Visa to offer business customers instant card transfers for cross-border transactions.

DBS pilot blockchain-based programmable grant disbursements

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DBS pilot blockchain-based programmable grant disbursements

Singapore's DBS has completed a pilot using blockchain technology for programmable government grant disbursements to businesses.

CBA and BNY deliver near real-time cross-border payments

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CBA and BNY deliver near real-time cross-border payments

Commonwealth Bank of Australia is delivering near real-time cross-border payments to businesses and consumers who receive international payments from customers of US bank BNY.

BBVA doubles AI staff numbers

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BBVA doubles AI staff numbers

BBVA has doubled the number of staff working on artificial intelligence to more than 400 as it opens new 'AI Factories' in Mexico and Turkey.

Skyfire raises $8.5m to bring autonomous payments to AI agents

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Skyfire raises $8.5m to bring autonomous payments to AI agents

Former Google and Ripple executives have raised $8.5 million for a startup, called Skyfire, building a payments network that enables AI agents to make autonomous transactions.

Citi inks referral agreement with Dubai's Network International

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Citi inks referral agreement with Dubai's Network International

Citi has struck a referral agreement with Dubai-based Network International to offer the bank's corporate clients omnichannel payments services in the Middle East and Africa.

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