/people
Ignacio Juliá, formerly CEO of ING for Spain and Portugal, is to be appointed as CEO of Santander Spain.
06 September 2024
/crypto
Binance Kazakhstan has been granted consent for a full regulatory licence from Astana Financial Services Authority (AFSA).
/payments
PayPal is rolling out a new rewards programme and more personalised ways for users to manage their spending in a major revamp designed to give consumers a smart choice for every purchase, every time.
/ai
Amerian Express Ventures has joined an $18 million funding round in Sedric AI, a startup developing a dedicated compliance large language model (LLM) for financial services.
Three former Wirecard executives, including CEO Markus Braun, have been order to pay €140 million plus interest to the former administrator of the bankrupt payments group.
05 September 2024
/markets
Siemens has issued its second digital bond on blockchain rails in support of European Central Bank and Deutsche Bundesbank digital ledger trials.
/wealth
Blue-blooded wealth management house Quilter has acquired fintech firm NuWealth to boost its advisory service for novice investors.
Ant Group has launched a new 'life assistant' app, Zhixiaobao, connecting users to a multitude of AI-agents trained for shopping, fitness and language learning.
Visa is promising to launch a smart upgrade to the current pay-by-bank model with the launch in the UK of Visa A2A, a rules-based system for bill payments and subscription management in early 2025.
A Bank for International Settlements' field study on AI use by Ant Group programmers demontrated a clear boost in the number of lines of code produced by staff exposed to the Large Language Model.
The move to shorter settlement cycles and increasing regulatory clarity is leading to an accelerating convergence between traditional and digital assets, reports Citi.
/devops
Nationwide Building Society has built a new Business Integration Platform utilising Red Hat OpenShift to achieve service availability of 99.999% and faster deployment of upgrades and launches.
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