24th Edition Model Risk
- 6 days 3 hours ago
- FinTech StartUps
Model risk is a key area of focus for financial institutions as there are constantly ongoing developments which need to be incorporated into frameworks. With the growing use of AI and ML, grew the complexity of models within financial institutions and enhancements need to be made in the documentation and reporting of models to reduce any errors and ensure thorough governance. Additionally, there are concerns around data management for these...
BMO Launches Greener Future Financing Program to Help U.S. Businesses Build Climate Resilient Operations
- 6 days 3 hours ago
- Infrastructure
BMO today announced the launch of its Greener Future Financing program in the United States – its first climate financing program to help small and medium-sized businesses build future-ready, climate-resilient operations.
Oracle Cloud Service Enables Banks to Manage Climate Change Risk Across Portfolios
- 6 days 3 hours ago
- Infrastructure
Earth Day -- Financial institutions are under increased pressure from regulatory bodies to understand their environmental footprint and that of the companies they finance or invest in, otherwise known as financed emissions. To help banks better assess climate risk Oracle today announced Oracle Climate Change Analytics Cloud Service.
British Caribbean Bank Selects Finastra to Transform its Core Technology
- 6 days 4 hours ago
- Core Banking
Finastra, a global provider of financial software applications and marketplaces, announces that British Caribbean Bank Limited (BCB), a Turks and Caicos-based financial institution offering international bank accounts and customized loan options, has selected Finastra Essence, deployed on Microsoft Azure cloud, to modernize its core and transform its back-office operations.
Trulioo and Nium Partner to Enhance UK Operations With Rapid, Compliant Payment Experiences
- 6 days 4 hours ago
- Payments
Trulioo, an industry-leading identity platform with proven global coverage for person and business verification, today announced at Money20/20 Asia its collaboration with Nium, the global leader in real-time cross-border payments. Nium integrated the state-of-the-art Trulioo Person Match identity verification capability to deliver rapid, compliant payment experiences for its U.K. operations.
Swiss Re Launches Swiss Re Life Guide Scout, a Generative AI-powered Underwriting Assistant
- 6 days 4 hours ago
- Insurtech
Swiss Re launches an augmented version of its Life & Health underwriting manual Life Guide. The new version comes equipped with Swiss Re Life Guide Scout, a Generative AI-powered underwriting assistant, developed by Swiss Re, that integrates Microsoft Azure OpenAI Service. Swiss Re Life Guide Scout aims to help increase the efficiency and quality of underwriting by generating swift answers compiled from curated expert knowledge in response...
Airwallex Partners with Technology Company Bird to Power Its Global Payments Infrastructure
- 6 days 5 hours ago
- Payments
Airwallex, a leading global payments and financial platform for modern businesses, today announced its partnership with Bird (formerly MessageBird), a global communication platform, to power Bird’s international payments operations.
Allica Bank Achieves First Full Year Profit – Just Three Years Since Opening Doors to Lending
- 6 days 5 hours ago
- Lending
Allica Bank today released its Annual Report for the year ending 31 December 2023, underlining a period of continued growth, strong financial metrics and watershed achievements. Since opening for lending in 2020, Allica is the UK’s only full-service digital bank built solely for established SME businesses (typically with 5-250 staff, that make up over a third of the UK economy).
Retail Investing Startup Midas Raises $45 Million to Roll Out Crypto, Mutual Fund, and Savings Account Products
- 6 days 5 hours ago
- Fundraising News
Midas, the fintech startup that brought retail investing to millions of people in Turkey, today announced that it has raised $45 million in equity funding. The new capital will allow Midas to expand and roll out three new products: cryptocurrency trading, mutual funds, and savings accounts.
Nium Appoints Banking Industry Expert, Alexandra Johnson, to Scale Global Banking and Payment Operations as Chief Payments Officer
- 6 days 5 hours ago
- People Moves
Nium, the leader in real-time cross-border payments, today announced the appointment of Alexandra Johnson as the company's first Chief Payments Officer. With this newly-created position, Nium sets itself up to closer align itself with partners across the payments ecosystem. Johnson will work across Nium's markets, leading the Global Banking and Payment Operations teams. She will report into Prajit Nanu, Co-Founder and CEO of Nium.
GoCardless and Intuit QuickBooks Expand Partnership with App Launches in Australia and the United States
- 6 days 5 hours ago
- Payments
GoCardless, the bank payment company, has expanded its partnership with Intuit QuickBooks, a leading financial management software, with two new launches.
UniCredit Switches to Mastercard Touch Card™ with Accessibility Features for Blind and Partially Sighted People
- 6 days 8 hours ago
- Payments
As part of its partnership with Mastercard, UniCredit is upgrading all its debit, credit and prepaid cards to Mastercard Touch Card™, which includes features for blind and partially sighted people, making it more accessible. Cards with this new feature are now available in Italy and will be gradually introduced over the course of 2024 to all clients in the twelve countries where the bank operates, covering some 20 million cards.
Icon Solutions Welcomes Citi Executives to its Board of Directors
- 6 days 8 hours ago
- People Moves
Icon Solutions has today announced the appointment of James West, Head of Payments' Business Execution & Platform Modernisation, Citi Services, to its Board of Directors. Amit Rijhsinghani, Head of Payments Technology, Citi Services, has also been appointed as a Board Observer.
Payments Company Trustly Announces Major Move to Guarantee Growth for Businesses Across Europe
- 6 days 8 hours ago
- Payments
Trustly today announces a bold pledge to boost growth for businesses across Europe. In a major move to revolutionise the checkout experience for millions of people, the payments tech firm unveils the new Trustly Growth Guarantee.
Payflows Raises €25M led by Balderton Capital to Build the Command Centre for Finance Teams
- 6 days 8 hours ago
- Fundraising News
Payflows, a one-stop SaaS platform designed for finance teams, has raised €25m in funding to build the operating system that seamlessly integrates finance teams and workflows together. The Series A is led by Balderton Capital with existing investors Headline and Ribbit Capital doubling down on their previous investments.
