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Barclays invests £2M In WealthOs
Barclays has invested £2 million in seed funding for WealthOS, a cloud-native and API-driven wealthtech startup. Joining Barclays in the funding initiative are VC...
BUSINESS
Fiserv acquires Skytef
Fiserv, a global leader in payments and financial technology, has announced the acquisition of Skytef, the primary distributor of Software Express's SiTef® (Solução Inteligente...
Visa invests $100m in Gen AI tech for payments
Visa has established a $100 million fund through its corporate investing arm, Visa Ventures, to support innovative applications of Generative AI in the payments...
PAYMENTS
SECURITY
Traydstream raises $21m in Series B
The automated trade document checking platform, Traydstream, has successfully concluded a Series B funding round, raising $21 million. This funding round was led by...
Salt Bank adopts Starling Bank’s SaaS platform
Starling Bank's Software-as-a-Service (SaaS) platform, Engine, has secured Salt Bank, formerly known as Idea Bank, as its first client. Salt Bank, a subsidiary of...
Mastercard teams with Worldpay and Zip to expand open banking options
Mastercard is intensifying its involvement in open banking through partnerships with Worldpay, a merchant solutions business, and Zip, a Buy Now, Pay Later (BNPL)...
NatWest enables Mastercard’s click-to-pay for all users
NatWest has become the first UK bank to offer Mastercard's Click to Pay service to all its customers.
Having been in trial at the bank...
Fiserv acquires Skytef
Fiserv, a global leader in payments and financial technology, has announced the acquisition of Skytef, the primary distributor of Software Express's SiTef® (Solução Inteligente...
UOB trials Microsoft’s generative AI tool
Singapore-based United Overseas Bank (UOB) is preparing to conduct a trial of Microsoft 365 Copilot, an AI-driven productivity tool, with several hundred employees.
Starting this...
TECHNOLOGY
Barclays expands its Rise accelerator to launch Rise Growth Investments
Barclays is making a significant expansion of its Rise accelerator in New York to launch a new investment capital of £10m, dubbed Rise Growth...
Deutsche Bank introduces digital repository for document exchange
Deutsche Bank introduced a secure digital repository for the exchange of documents, aimed at the loan market's initiative to go paperless.
Labeled as the eVault,...
DBS taps WhatsApp and WeChat for Wealth Chat service
Southeast Asia’s biggest bank DBS announced the launch of DBS Wealth Chat which allows DBS’ wealth clients to interact, exchange ideas and transact with...
Singapore looks to develop ethical code for AI and personal data use
The government of Singapore is planning on developing a governance programme that will work on an ethical code for the use of artificial intelligence...
Thai Central Bank’s digital currency for inter-bank settlement
The Central Bank of Thailand is putting forth a new project to use bank-issued digital currency for inter-bank settlements.
Called 'Project Inthanon', the concept was...
RETAIL BANKING
American Express pilots biometrics for online transactions
American Express is set to conduct a pilot program for the use of facial and fingerprint recognition to authenticate users at online checkouts.
This biometric...
