AI in banking, payments, trading and insurance — fraud models, robo-advisors and the regulators watching them.
355 articles
A new report from HSBC Holdings Plc indicates that high-net-worth individuals still prefer human advisers over AI for complex financial needs. The findings suggest significant limitations in AI's current ability to handle high-touch, personalized wealth management.
Bloomberg Technology · 87d ago
Matt Cole, CEO of Strive, discusses the massive growth potential of the digital credit sector. He highlights the evolving landscape of decentralized finance and its integration into traditional credit markets.
Bloomberg Technology · 88d ago
Former New York Governor Andrew Cuomo is partnering with OKX and the NYSE owner to build a business merging digital and traditional finance. This initiative aims to bridge the gap between legacy financial markets and cryptocurrency exchange operations.
Bloomberg Technology · 88d ago
This article emphasizes that AI innovation in financial crime prevention must move beyond theoretical research to effective, real-world deployment. It highlights the necessity of maintaining performance stability as financial crime patterns evolve.
TechRadar AI · 88d ago
AutoForm successfully completed a debt restructuring, marking a significant test for software sector junk-debt demand. The deal indicates renewed investor confidence in software companies following recent market volatility.
Bloomberg Technology · 92d ago
M-KOPA is leveraging its established smartphone asset financing model to expand into broader digital credit services. By using device repayment data, the company is building a foundation for scalable financial inclusion in African markets.
TechCabal · 92d ago
KCB Group has reported a sharp decline in fraud cases following the implementation of advanced monitoring technology. The bank is taking a stricter stance on insider misconduct by utilizing automated detection systems.
TechCabal · 95d ago
Approximately 30 European family offices are planning to establish operations in Hong Kong. This shift highlights Hong Kong's growing status as a cross-border wealth hub, surpassing Switzerland in certain metrics.
The Next Web (TNW) · 97d ago
Daya is a new startup backed by Alliance that focuses on building financial infrastructure using stablecoins. The company aims to streamline cross-border payments for businesses by leveraging blockchain settlement.
TechCabal · 100d ago
Cash App is entering the telecommunications market with an MVNO service powered by Gigs, offering unlimited 5G data for $40/month. The service aims to integrate with existing financial features like Green rewards and Cash App Families.
The Verge · 100d ago
Nigerian crypto platform Roqqu is expanding its services to include tokenised US stocks. This move follows similar initiatives by Luno Nigeria and Blockchain.com to bridge traditional financial assets with blockchain technology.
TechCabal · 101d ago
Former Icertis executives have launched Rivvun, a Seattle-based startup that secured $7.5 million in funding. The company focuses on using software to recover lost corporate cash, addressing complex enterprise financial inefficiencies.
GeekWire · 101d ago
The European Central Bank has restricted Revolut from launching new products across the EEA due to concerns over their rapid approval processes. This regulatory intervention coincides with a share sale that values the fintech giant at $115 billion.
The Next Web (TNW) · 101d ago
Prediction market platform Kalshi is introducing new requirements for users to disclose employment information. This measure is specifically designed to mitigate the risks of insider trading on the platform.
Engadget · 102d ago
MoneyGram has introduced its own stablecoin, MGUSD, as part of a strategy to expand its global financial services, specifically targeting the Latin American market.
Bloomberg Technology · 102d ago
Klarna is expanding its financial services by launching high-yield savings accounts in the US with a 3.28% APY. The move is part of the company's broader strategy to transition from a BNPL provider into a full-service bank.
The Next Web (TNW) · 102d ago
The Central Bank of Nigeria (CBN) is shifting the focus of its digital currency, eNaira, from a simple wallet application to a broader payment system. This move is part of the Payments System Vision (PSV) 2028 strategy to improve financial transaction efficiency.
TechCabal · 102d ago
Intesa Sanpaolo CEO Carlo Messina discusses the bank's strategic approach to AI and global economic trends. The conversation highlights how major financial institutions are navigating the competitive landscape of AI adoption.
Bloomberg Technology · 102d ago
Nigerian fintech CreditChek has secured $600,000 in funding to scale its credit data infrastructure into East Africa. The company aims to help lenders better manage credit risk while promoting financial inclusion.
TechCabal · 102d ago
Apple is integrating Siri into the camera interface to allow users to scan bills and split costs directly via Apple Cash. This feature aims to simplify social payments by leveraging visual recognition.
TechCrunch AI · 103d ago
Egyptian fintech startup Blnk has raised $37 million to expand its lending products and strengthen its underlying technology infrastructure. The company aims to address the underserved credit market in Egypt through enhanced digital financial solutions.
TechCabal · 103d ago
The article explores the growing trend of AI chatbots like Claude attempting to automate tasks traditionally performed by financial advisers. It questions the extent to which users are willing to entrust their finances to AI systems.
Bloomberg Technology · 106d ago
Flutterwave has announced a strategic partnership with Tempo to facilitate multi-rail stablecoin payments. This move signals a broader industry shift as fintech companies pivot from consumer-facing crypto products toward robust enterprise payment infrastructure.
TechCabal · 106d ago
Google is enhancing its payment ecosystem by introducing direct checkout and faster biometric authentication. Additionally, the company is expanding digital ID support within Google Wallet to select EU member states.
Digital Trends · 107d ago
Interswitch has entered a strategic partnership with Temenos to enhance its banking technology offerings. This move aims to capture a larger share of the growing demand for digital banking infrastructure across Africa.
TechCabal · 107d ago
Google is expanding its Wallet ID passes to select EU states, enabling digital identification. The rollout includes a new age verification mechanism developed with a European bank.
Engadget · 107d ago
Esca Finance has integrated the Tether-backed MANSA platform to facilitate same-day cross-border payment settlements in Africa. This move leverages stablecoin infrastructure to bypass the inefficiencies and high costs of traditional correspondent banking systems.
TechCabal · 108d ago
Startups in French-speaking Africa are addressing systemic payment challenges faced by digital creators. These companies aim to overcome geographical and infrastructure limitations to improve payout accessibility.
TechCabal · 109d ago
Walmart and Ribbit Capital have launched OnePay, a financial app designed to compete directly with Apple Pay. The service aims to expand beyond the retailer's existing customer base to challenge traditional banking institutions.
Bloomberg Technology · 109d ago
The fintech startup Brass is set to be integrated into Paystack's microfinance banking division. This consolidation marks a significant shift in the African fintech landscape as major players streamline their service offerings.
TechCabal · 109d ago