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/ai

AI to impact more than half of banking jobs - Citi

AI is set to upend the finance industry, adding tens of billions of dollars in profit while leading to the automation of as many as half of jobs in the sector, according to research from Citi.

/ai

EBAday 2024: Growing use cases for AI in banking and payments

During the last panel of EBAday 2024, Patricia Hines, head of banking and payments at Celent talked all things AI with Sara Amara, head of currency and clearing Europe at HSBC; Gurumurthy Palani, head of transaction banking at Gulf International Bank; Christian Sarafidis, chief executive EMEA financial services at Microsoft; and Andy Schmidt, vice president, global industry lead – banking at CGI.

/people

Embedded finance platform Unit makes job cuts

Embedded finance platform Unit has laid off 15% of its workforce, citing "slower than expected" revenue growth.

/regulation

EBAday 2024: What does upcoming regulation mean for the payments sector?

Moderating the panel discussing the upcoming PSD3, PSR and IP regulations, Daniel Hellmann, director, risk advisory, payments at Deloitte spoke with Simone Del Guerra, head of central institutions & international sales at Nexi Group; Nuno Epifânio, policy officer – retail financial services at the European Commission; Kevin Flood, director – payments ecosystem strategy at FIS; and David Malley, payment industry engagement lead at NatWest.

/security

EBAday 2024: Collaboration is key to fraud management

In one of the closing sessions of EBAday 2024 in Lisbon, panellists Marc Corbalan, VP of RTP analytics at Visa; Erwin Kulk, head of service development and management at EBA Clearing; Simone Löfgen, global head of payment platforms and managing director at Commerzbank; and Kannan Rasappan, founder and CEO of Banfico, explored innovations in cybersecurity in a panel titled ‘New approaches to fraud management’.

/retail

NatWest to acquire Sainsbury's Bank

NatWest is to acquire the retail banking assets and liabilities of the banking arm of UK supermarket chain Sainsbury's.

/payments

Swiss National Bank to expand wCBDC trials

The Swiss National Bank is to expand its wholesale central bank digital currency pilot, Helvetia, for a further two years after promising results in early trials.

/security

Elmore and Green Swan to offer insurance coverage against APP fraud

Elmore Insurance Brokers and RegTech Green Swan Compliance have teamed up on the development of an Authorised Push Payment (APP) Fraud Reimbursement Insurance product for qualifying UK banks, Payment Service Providers, E-Money Institutions, and Authorised Payments Institutions.

/payments

EBAday 2024: Prioritising innovation in embedded finance

At EBAday 2024 in Lisbon, the second half of day two kicked off with a riveting discussion on open banking and embedded finance.

/payments

Vipps MobilePay launches P2P payments between Denmark, Norway and Finland

Millions of Vipps and MobilePay users can now send person to person payments between Denmark, Norway and Finland using only a phone number.

/sustainable

Danske Bank adds sustainable investment insights to mobile app

Danske Bank has added a new feature to its mobile app that gives customers a clear insight into how many sustainable investments they have in their portfolio.

/wholesale

Commerzbank taps Pliant to launch digital card for SMEs

Berlin-based corporate card platform Pliant has secured a deal with Commerzbank for the delivery of a fully digital credit card for business customers.