AI in banking, payments, trading and insurance — fraud models, robo-advisors and the regulators watching them.
355 articles
Telenor ASA is exploring the sale of its controlling stake in its Pakistani digital banking unit. This move signals a strategic withdrawal from the South Asian market.
Bloomberg Technology · 106d ago
Vlad Yatsenko, the co-founder and first employee of fintech giant Revolut, is stepping down as CTO. The departure comes as the company prepares for a major IPO with a valuation target of $200 billion.
The Next Web (TNW) · 107d ago
Revolut co-founder and CTO Vlad Yatsenko is stepping down from his role in July. He has been a key figure in the digital bank's growth alongside CEO Nik Storonsky.
Bloomberg Technology · 107d ago
PayPay is expanding from payments into full financial services by acquiring a majority stake in T&D Financial Life Insurance. This move signals a major strategic shift for the SoftBank-backed app.
The Next Web (TNW) · 107d ago
The integration of AI in African banking is disrupting long-standing employment models that once relied on stability and prestige. This shift highlights a broader trend of automation replacing traditional roles within the financial sector.
TechCabal · 107d ago
D-Wave Quantum President & CEO Dr. Alan Baratz appeared on Bloomberg Technology to discuss market movements and the broader economic landscape.
Bloomberg Technology · 110d ago
Apple is reportedly developing a native bill-splitting feature for iPhones. This tool will allow users to scan physical receipts and automatically calculate splits via Apple Cash.
Digital Trends · 110d ago
This article analyzes the mechanics of agricultural investment scams, specifically focusing on 'dead chicken' schemes. It highlights how deceptive business models exploit information asymmetry.
钛媒体 · 113d ago
Porsche Financial Leasing has increased its registered capital from 820 million to 1 billion RMB, a 23% increase. The company focuses on leasing and financial services.
36氪 · 116d ago
Active funds are increasingly using 'labels' to categorize their investment focus, but lag in portfolio disclosure is causing misalignment between labels and actual holdings. This discrepancy is leading to poor user experiences and calls for greater transparency in financial product categorization.
36氪 · 116d ago
Sun Life highlights its 130-year legacy in Hong Kong by focusing on digital transformation to enhance customer trust. The strategy emphasizes integrating human expertise with technological innovation to redefine insurance services.
SCMP Technology · 117d ago
Multiple Chinese wealth management firms have announced significant fee reductions, with some rates dropping to 0%. This trend is a strategic response to declining interest rates and weak bond market returns, aimed at retaining existing assets and attracting new deposits.
36氪 · 121d ago
UK fintech Starling Group reported a 6% revenue drop for the year ending in March. The decline is attributed to the bank setting aside larger reserves to cover potential loan defaults.
Bloomberg Technology · 121d ago
The US Treasury Department has sanctioned a Sinaloa Cartel operative for using cryptocurrency to launder drug-trafficking proceeds. This highlights increasing regulatory scrutiny on the intersection of crypto and illicit activities.
Bloomberg Technology · 122d ago
Guangfa Bank, once a leader in credit cards, faces significant performance declines and has abandoned its long-standing IPO ambitions. The bank is struggling with shrinking net interest margins and a shift in its loan portfolio.
虎嗅 · 127d ago
Revolut is planning to launch a private banking arm in the UK and select European countries to capture revenue from wealthy clients.
Bloomberg Technology · 128d ago
Dutch digital bank Bunq has filed for a banking license in Mexico. This move is part of the company's broader strategy to expand its fintech footprint into the Latin American market.
Bloomberg Technology · 129d ago
eToro Group reported Q1 adjusted EPS beating analyst estimates. CEO Yoni Assia discussed retail sentiment, crypto trends, and AI's impact on trading.
Bloomberg Technology · 130d ago
PayPal and Coinbase announce layoffs amid AI uncertainty impacting software shares. Palantir reports disappointing commercial sales.
Bloomberg Technology · 137d ago
Apple abandoned its net cash neutral policy to enable major investments, likely in services expansion rather than AI acquisitions. New CEO John Ternus emphasizes growing high-margin services like Apple Pay and international Apple Card rollout.
Computerworld · 138d ago
Fintech weekly reports that intelligent driving insurance is imminent in China, targeting autonomous vehicle risks. Accompanying updates include small banks slashing short-term deposit rates to under 1% and WeChat installment payments adding grayscale transfer functionality.
钛媒体 · 152d ago
Moody’s report flags AI as a growing credit market fault line. Exposed lenders show early strain signs.
Bloomberg Technology · 157d ago
TechCabal Daily features news on Flutterwave Bank. It also covers Equinix's expansion of data centers in South Africa and recent funding rounds.
TechCabal · 169d ago
JPMorgan to pilot reports contrasting self-reported hours with AI-estimated ones for junior bankers, based on digital footprints. Data includes video calls, keyboard activity, and schedules.
36氪 · 183d ago
Bendigo Bank has reduced costs and time in software development efforts. Digital onboarding experience serves as their first productivity 'trophy'.
iTNews Australia · 215d ago