Latest news headlines: Finextra Research

AI stock picker outperforms the S&P 500 by almost 50%

ProPicks, an AI-based stock picker provided to subscribers of Investing.com, has outperformed the S&P 500 by almost 50% since its launch last year.

23 October 2024

/people

Former CEOs of Mastercard and Vanquis join Pockit board

The former CEOs of Mastercard and Vanquis have joined the board of UK fintech Pockit in the wake of its acquisition of mobile banking outfit Monese.

23 October 2024

/payments

HSBC launches virtual EUR and GBP accounts for overseas merchants

HSBC has launched a new cross-border virtual account proposition for banks worldwide, enabling their merchant business customers trading on e-commerce sites to receive EUR and GBP payments via their local bank account.

23 October 2024

/startups

Infinity Ventures closes $184m fintech fund

Infinity Ventures, the early-stage fintech and commerce venture firm founded by PayPal veterans, has raised a $184 million Fund II.

23 October 2024

/startups

Afin Bank secures licence to serve African diaspora in the UK

Afin Bank, a digital lender created to help people from Africa living and working in the UK, is set to start offering mortgages and savings products after securing the regulatory green light.

23 October 2024

/Sibos

Sibos: CBDC case studies in China, Kazakhstan, the Bahamas, and Europe

On the second day of Sibos, Benedicte Nolens, centre head of the BIS Innovation Hub moderated the session ‘Reality check: How far have CBDCs come?’, and the speakers outlined how central bank digital currencies (CBDCs) are in various processes of development in their countries.

22 October 2024

/crypto

Stripe to pay $1.1bn for stablecoin platform Bridge

Stripe has confirmed an agreement to acquire stablecoin platform Bridge in a deal worth around $1.1 billion.

22 October 2024

/regulation

Sibos: Panel calls on regulators to define minimum level of fraud data sharing

Regulators must define a “minimum set of data” to be shared between banks that would still “serve the purpose” of fraud detection and prevention, said Michele Gentile, head of group correspondent banking, APAC, UniCredit, at Sibos today.

22 October 2024

/security

AFP: Business continuity starts with careful plans

A series of tough questions greeted a room of just-arrived attendees to AFP in Nashville, Tennessee before the keynote address from Malcolm Gladwell who delved into weighty matters, exploring anecdotes and examples from his new book Revenge of the Tipping Point.

22 October 2024

/regulation

US moves to 'open banking' with Personal Financial Data Rights final rule

Consumers in the US will be given the right to instruct their banks to transfer their financial data to other institutions, under new open banking rules devised by the Consumer Financial Protection Bureau.

22 October 2024

/payments

Europe's Target Settlement system to join cross-border instant payment project

Europe's Target Settlement system is to join Project Nexus, a Bank for International Settlements initiative to connect domestic real-time networks across borders.

22 October 2024

/startups

LatAm payment startup Akua lands $4.3 million seed investment

Akua, a Latin American payments startup founded by former executives at Mastercard, dLocal, PayU, Jeeves and Pomelo, has secured a $4.3 million seed investment led by Propel and supported by Plug and Play, HTwenty, RallyCap, Flourish Ventures and ICventures.

22 October 2024