Tag: Online
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...
PayPal subpoenaed by SEC over its USD-pegged stablecoin
Payment giant PayPal has recently found itself in the crosshairs of the US Securities and Exchange Commission (SEC). The regulatory authority issued a subpoena...
RBI fines Paytm Payments Bank For KYC Failings
The Reserve Bank of India (RBI) has imposed a fine of around $650,000 on Paytm Payments Bank for Know Your Customer (KYC) requirements lapses.
Last...
Orum Launches FedNow-based Instant Account Verification Solution
Orum, a provider of payments APIs, has developed a product called Verify that leverages the new FedNow rail to instantly verify the validity of...
Japan’s payments clearing network goes down
A day-long outage at Japan's interbank clearing network caused 1.4 million money transfers by customers of the country's 11 largest banks to be in...
NatWest collaborates with AWS to build new generative AI tools
NatWest is expanding its partnership with Amazon Web Services (AWS) to incorporate the use of new generative AI technology provided by the cloud service...
AI could lead to 3.5 workdays a week, says JP Morgan...
Jamie Dimon, the CEO of JPMorgan Chase, believes that while AI may lead to job losses, it could also pave the way for a...
UK banks losing interest in metaverse
The enthusiasm among UK banks for technologies like virtual reality (VR) and augmented reality (AR) has waned as the initial excitement around the Metaverse...
UBS launches completely digital product line
Multinational investment bank and financial services company, UBS is launching its completely digital product line targeting digital-savvy younger users in Switzerland. Dubbed UBS key4,...
GoCardless secures $75 m to build global bank debit network
UK online payments start-up GoCardless has raised $75 million in Series E funding led by U.S. tech giants Alphabet and Salesforce.
Other investors include private...
