Category : News

Digital Asset Infrastructure Provider Taurus Raises USD 65m Series B From Credit Suisse and Deutsche Bank

Geneva based Digital asset infrastructure provider Taurus annunced a USD 65 million Series B capital raise from strategic investors. Taurus’ Series B round is led by Credit Suisse and includes participation from new institutional investors such as De...

OneSpan Inks Deal to Acquire Aussie Blockchain Tech Provider ProvenDB

Cybersecurity technology company OneSpan has inked a deal to acquire Australia-based blockchain technology provider ProvenDB for an undisclosed sum. The transaction is anticipated to close during the first quarter of 2023 and is subject to customary...

Tech Giants Ramp up AI Development Amid ChatGPT Frenzy

Since its release in November 2022, artificial intelligence (AI)-powered chatbot ChatGPT has sent the tech world abuzz. The viral application, which allows users to ask questions and then answer these questions with human-like responses, has triggere...

Worldpay: FIS Announces Plans to Spin off Merchant Business

FIS announced plans to pursue a tax-free spin-off of its Merchant Solutions business to strengthen its strategic and operational focus, capitalize on growth opportunities and unlock shareholder value. The two companies expect to maintain a strong com...

Deutsche Börse and Google Cloud Announce Strategic Partnership

Deutsche Börse and Google Cloud have announced a new strategic partnership to enhance, economize and concentrate Deutsche Börse’s cloud adoption. Specifically, Deutsche Börse will leverage Google Cloud’s secure infrastructure and leading data and ana...

Crypto Money Laundering Reaches New Heights; Totaled US$23.8B in 2022

In 2022, cryptocurrency money laundering reached a new record, with illicit addresses sending US$23.8 billion worth of crypto, a figure which represents a 68% year-on-year (YoY) increase, new data from Chainalysis, an American blockchain analysis fir...

IBM’s 2023 Banking and Financial Market Report is Bullish on Cloud and AI

Stress to the world economy in 2022, arising from factors including geopolitical conflicts, supply chain disruptions and rising inflation, will impact the financial services landscape in 2023, forcing industry players to embrace digital business mode...

Swiss Startup Competition >>venture>> Is Now Accepting Submissions

Switzerland’s startup competition >>venture>> is inviting early-stage fintech and insurtech startups to showcase their innovative solutions and compete for recognition, mentoring, and cash prizes. The competition has a long history of hel...

EU “Tokenise Europe 2025” Initiative Aims to Boosts Asset Tokenization

A new initiative called Tokenise Europe 2025 is being spearheaded by the European Commission (EC) and the German Banking Association to tap into the potential of asset tokenization and distributed ledger technology (DLT) to strengthen the bloc’s comp...

Fintech Takes Second Place in Swiss Startup Funding; Secures CHF 910M in 2022

In 2022, Swiss fintech companies secured a total of CHF 910 million, a figure that puts the sector at the second position in terms of startup funding raised last year, data from a new report by news portal startupticker.ch and investor association SE...

Jumio Makes New Sales Leadership Appointments to Drive Growth

Jumio, a US-based provider of automated, end-to-end identity proofing, risk assessment and eKYC solutions, has appointed Jon Jones as the company’s new Senior Vice President of Worldwide Sales. With more than 25 years of experience in the fraud and i...

Global Climate Fintech Funding More Than Doubled to US$2.9B in 2022

In 2022, funding to climate fintech companies reached a new high, totaling US$2.9 billion in venture capital (VC) raised by companies in the sector, new data from CommerzVentures, the corporate venture capital (CVC) arm of Commerzbank in Germany, sho...

Klarpay Expands Global Payment Offering With 13 New Currency Accounts

Business payments platform Klarpay announced the expansion of its international payment offering with the launch of 13 new currency IBAN accounts. The currencies include United Arab Emirates Dirham (AED), Australian Dollar (AUD), Canadian Dollar (CAD...

Klarpay’s CTO, on How Payment APIs Have Transformed Transactional Banking

Rapid digital transformation across the retail, banking and fintech industries brought about a tremendous shift in how online businesses conduct their transactions. Changing consumer demands, together with the pressure to reduce costs and increase ef...

GPT-3 Use Cases in Banking, Finance and Fintech

Since its release in November 2022, artificial intelligence (AI)-powered chatbot ChatGPT has garnered much excitement in the technology industry, praised by industry observers and experts for its ability to accurately answer questions, mimic human la...