Top Stories

Harvard Federal Credit Union implements AI-driven underwriting platform

Harvard Federal Credit Union (Harvard FCU) has implemented the Scienaptic AI underwriting leading to an increase in approval rates and a notable enhancement in the member experience. Instant approvals increased by 80%+ for credit cards, 50%+ for unsecured...

MobiAzores goes live with UbiRider Mobility-as-a-Service platform to streamline transportation and access to mobility on Terceira Island

Launch of MobiAzores coincides with the second anniversary of UbiRider’s global partnership with Mastercard and first public launch in Evora. Ubirider, a mobility fintech company and creator of Ubirider Platform, a digital mobility-as-a-service (MaaS)...

Peach Payments acquires custom software development firm Operativa

Digital payments service provider Peach Payments has acquired customer software development firm Operativa as a going concern. The acquisition was the first by Peach Payments since closing a €29M/US$30M funding round, led by the Apis Growth Fund II,...

Paradigm announces third fund of US$850 million focused on crypto projects 

Matt Huang, Co-founder and Managing Partner at Paradigm.  Paradigm has raised our third fund: an US$850M venture fund focused on crypto projects at the earliest stages.  When we founded Paradigm in 2018, we believed that crypto would be one of the...

Almost 90% of Klarna staff are using AI daily and is a ‘game changer for productivity’ 

Klarna, the AI-powered global payments network and shopping assistant, has announced another milestone in its advanced adoption of AI technologies:  “We push everyone to test, test, test and explore,” said Sebastian Siemiatkowski, CEO and...

Airwallex Hong Kong increases local customer base by nearly 80% amid growing adoption for cross-border money transfers 

Airwallex, a leading global payments and financial platform for modern businesses, saw robust customer growth in Hong Kong, with its transacting customer base increasing by 79% YoY in the first quarter of 2024.   Reflecting the strong customer...

Swiss National Bank and SDX extend CBDC project for two more years 

The Swiss National Bank (SNB) and the SIX Digital Exchange (SDX) have announced that they will extend their exploration of wholesale central bank digital currencies (CBDCs) for an additional two years. This extension is a part of the ongoing Project...

2024 Schwab Modern Wealth Survey shows increasing financial confidence from generation to generation and younger Americans investing at an earlier age 

More than 60% of Americans feel they are in a better position to achieve their financial goals than the generations that came before them, according to Schwab’s eighth annual Modern Wealth Survey, an examination of how Americans think about saving,...

A new Bread Financial study reveals 26% of consumers feel financially incompatible with friends  

Bread Financial, a tech-forward financial services company that provides simple, personalised payment, lending and saving solutions, has released findings from a national study that explores the impact money has on friendships. Among the most interesting...

New Revolut feature to block pickpockets and phone snatchers from accessing customer savings ahead of summer travel season 

Revolut, the global FinTech with over 8 million UK customers and 40 million globally, has introduced Wealth Protection, an extra layer of in-app identity verification, designed to prevent thieves from accessing customer savings within the Revolut app....

SumUp and Adyen partner to bring faster payouts to millions of SMEs globally

Adyen, the financial technology platform for larger businesses and SumUp, a global leader in financial technology for small merchants, have joined forces in a strategic partnership to offer a payment experience and accelerated settlements for millions of...

Bank Midwest’s OnePlace.bank goes live with Finastra to deliver tailored financial services to the healthcare sector 

Finastra has announced that Bank Midwest, an employee-owned bank with locations throughout Iowa, Minnesota and South Dakota, has launched OnePlace.bank, a digital bank powered by Finastra, focused exclusively on the financial needs of the healthcare...