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Oct 24, 2024 – FinTech News

Bank of America’s AI Patents Surge 94% Since 2022

Bank of America’s (BofA) push into artificial intelligence (AI) has resulted in a 94% increase in AI and machine learning…

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Oct 23, 2024 – FinTech News

Infinity Ventures Raises $184 Million for Second Fintech Fund

Infinity Ventures, a fintech and commerce-focused venture capital firm, has closed its second fund, raising $184 million to support early-stage…

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Oct 23, 2024 – FinTech News

Afin Bank Secures Licence to Serve African Diaspora in the UK

Afin Bank, a digital lender focused on supporting people from Africa living in the UK, has secured regulatory approval to…

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Oct 22, 2024 – FinTech News

Finastra Introduces Loan IQ Simplified Servicing to Streamline SME Loan Management

Finastra’s Loan IQ Simplified Servicing automates loan management for SME loans, improving efficiency, reducing risks, and promoting financial access.

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Oct 22, 2024 – FinTech News

US Moves to ‘Open Banking’ with Personal Financial Data Rights Final Rule

The CFPB has introduced the Personal Financial Data Rights final rule, allowing US consumers to transfer financial data between institutions,…

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Oct 22, 2024 – FinTech News

Europe’s Target Settlement System to Join Cross-Border Instant Payment Project

Europe's Target Instant Payment Settlement (TIPS) system will join BIS's Project Nexus to facilitate cross-border instant payments using ISO 20022…

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Oct 22, 2024 – FinTech News

LatAm Payment Startup Akua Lands $4.3 Million Seed Investment

Akua, a Latin American payments startup founded by ex-Mastercard and PayU executives, has raised $4.3 million in seed funding. The…

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Oct 22, 2024 – FinTech News

Tide Acquires Payroll Provider Onfolk

Tide has acquired UK payroll provider Onfolk, further simplifying payroll services for SMEs. The Onfolk team will join Tide, integrating…

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Oct 22, 2024 – FinTech News

Arab Financial Services Secures $50 Million Capital Injection

Arab Financial Services (AFS) raises $50 million in capital to enhance operations, expand into new markets, and innovate in the…

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Oct 22, 2024 – FinTech News

Pipe Makes Push into the UK with GoCardless

Pipe and GoCardless announce a partnership to revolutionize capital access for UK SMEs. After a successful pilot program, the full…

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