clear
clear

/inclusion

Mexican fintech Stori raises $212 million

Mexican fintech unicorn Stori has raised $212 million in equity and debt financing.

/security

Santander circulates deepfakes to raise awareness of scam threat

Santander has launched a campaign to demonstrate the threat to consumers from 'deepfake' videos circulating on social media platforms.

/ai

CIBC to hire 200 data and AI specialists

Canadian bank CIBC is set to hire more than 200 data and artificial intelligence roles over the next 12 month

/payments

JP Morgan preps more biometric payment pilots

JP Morgan is teaming up with vendor PopID to trial pay-by-face biometric payments with merchants across the US.

/payments

Varo picks Marqeta as issuer processor

American digital bank Varo has inked a five-year issuer processor deal with Marqeta.

/ai

S&P Global to give 35,000 employees GenAI training

Ratings and analytics provider S&P Global has struck a deal with Accenture to train its entire 35,000-strong workforce in generative AI.

/people

Two more Wirecard executives implicated in widening financial scandal

German prosecutors have charged a further two Wirecard executives with wrong-doing in the lead up to the collapse of the once hyped fintech company.

/cloud

NCR Voyix sells digital banking business for $2.45bn

NCR Voyix has entered an agreement to sell its cloud-based digital banking business for $2.45 billion in cash to Veritas Capital.

/startups

Fintech investment continues slow decline

Total global investment in fintech fell from $62.3 billion across 2,287 deals in H2’23 to $51.9 billion across 2,255 deals in H1’24.

/wealth

Mintos bags €3.1 million in 14-day crowdfund

European alternative investment platform Mintos has wrapped up a €3.1 million crowdfunding campaign on Crowdcube.

/security

CommBank halves customer scam losses

Australia's Commonwealth Bank says it has cut customer scam losses in half in FY24 through a combination of new anti-scam technologies, cross-industry collaborations and customer education.

/startups

Egyptian lending marketplace Qardy secures pre-Seed investment

Qardy, the operator of a digital lending marketplace in Egypt and the Mena regions, has secured a $7-figure pre-Seed round of investment with participation from White Field Ventures and Vastly Valuable Ventures.