Blogs

Nov 30, 2024 • FinTech News

Commonwealth Bank Leverages AI to Slash Fraud Rates by 50%

Commonwealth Bank of Australia (CBA) has reported significant success in combating fraud through the early adoption of Generative AI (GenAI)…

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Nov 30, 2024 • FinTech News

Norwegian Krone to Join Eurosystem’s Instant Payment Service by 2028

Norway has officially partnered with the Eurosystem’s Target Instant Payment Settlement (Tips) service, planning to add the Norwegian krone (NOK)…

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Nov 29, 2024 • FinTech News

SumUp Surpasses 1 Billion Transactions Annually, Stays Cool on IPO Plans

UK-based payments group SumUp has achieved a significant milestone, processing over one billion transactions annually. Despite its success, the fintech…

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Nov 29, 2024 • FinTech News

Hackers Breach Central Bank of Uganda, Steal $17 Million

In a major cybersecurity breach, hackers infiltrated the Central Bank of Uganda and stole $17 million from Treasury accounts. The…

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Nov 28, 2024 • FinTech News

Deutsche Bank Invests $20M in Partior, Closing $80M Series B Round

Partior, a fintech specializing in ledger-based interbank systems for real-time clearing and settlement, has secured a $20 million investment from…

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Nov 28, 2024 • FinTech News

Lunar Appoints Robert Stambro as New CFO to Lead Next Phase of Growth

Lunar, the Nordic challenger bank, appoints Robert Stambro as CFO effective December 1, 2024. With over two decades of financial…

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Nov 28, 2024 • FinTech News

Spendesk Secures Payment Institution License to Enhance Spend Management Platform

French spend management platform Spendesk has launched its own financial services division under a payment institution license from the Autorité…

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Nov 22, 2024 • FinTech News

AI Adoption Surges in UK Financial Services, But Understanding Falls Short

Artificial intelligence adoption in the UK financial services sector has grown significantly, with 75% of firms now using AI, according…

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Nov 22, 2024 • FinTech News

CaixaBank Commits $5 Billion to Technology Investments Over Next Three Years

CaixaBank has announced plans to invest over $5 billion in technology through 2026, aiming to enhance digital capabilities, launch innovative…

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Nov 21, 2024 • FinTech News

NatWest Study: 76% of UK Consumers Still Carry Cash for Emergencies

Despite the rise of digital payment methods, a new study by NatWest reveals that three-quarters of UK consumers still carry…

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