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Financial Services Stories - Page 6

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Financial Services stories

SambaNova closes USD $1 billion round at USD $11bn
Semiconductors

SambaNova closes USD $1 billion round at USD $11bn

JPMorganChase's new deployment and a move towards production AI have helped lift investor demand for SambaNova, which now sits at USD $11 billion.

By Sofiah Nichole Salivio • 4 min read • Last week
FPT study finds firms struggle to scale AI beyond pilots
Manufacturing

FPT study finds firms struggle to scale AI beyond pilots

Only 26% of organisations call their AI operations advanced, as integration headaches and data silos keep many projects stuck in pilots.

By Sofiah Nichole Salivio • 4 min read • Last week
Episode Six & Decisionly team up on dispute automation
Software-as-a-Service

Episode Six & Decisionly team up on dispute automation

Banks and fintechs could cut manual chargeback work by more than 80% as the new API tie-up links card issuing with dispute automation.

By Sofiah Nichole Salivio • 4 min read • Last week
LemFi buys Wealth8 to add investing to its platform
Fintech

LemFi buys Wealth8 to add investing to its platform

The deal broadens LemFi's UK offering as it seeks to help internationally mobile customers move from transfers and savings into investing.

By Karen Joy Bacudo • 3 min read • Last week
AI speeds coding but not enterprise software delivery
DevOps

AI speeds coding but not enterprise software delivery

Enterprises risk slower returns from AI as manual approvals and release bottlenecks keep software lead times stuck at 30 to 45 days.

By Joseph Gabriel Lagonsin • 4 min read • Last week
SoFi launches Social 50 Income ETF for monthly income
Fintech

SoFi launches Social 50 Income ETF for monthly income

Investors seeking income now have a simpler route to options-based returns as the new fund combines monthly payouts with stock-market growth potential.

By Karen Joy Bacudo • 3 min read • Last week

Stories from Other Regions

Financial Services stories

Picus launches AI platform to validate real exploits
Firewalls

Picus launches AI platform to validate real exploits

Security teams may be able to cut false alarms as Picus says its new platform proves whether a vulnerability can actually be exploited.

By Sean Mitchell • 4 min read • Last week
Kord raises GBP £6.4 million to scale regulated fintech
Digital Transformation

Kord raises GBP £6.4 million to scale regulated fintech

The cash will help the fintech expand its team and product as regulated firms seek faster onboarding, compliance checks and payments.

By Sofiah Nichole Salivio • 4 min read • Last week
TD Asset Management launches global real estate vehicle
Fintech

TD Asset Management launches global real estate vehicle

Canadian accredited investors gain access to a global real estate strategy as TD Asset Management widens its private markets push with iCapital Canada.

By Karen Joy Bacudo • 4 min read • Last week
Haventree launches digital bank with consumer deposits
Fintech

Haventree launches digital bank with consumer deposits

Canadian savers get a new 2.50% fee-free account as Haventree moves beyond brokered mortgages into retail deposits.

By Karen Joy Bacudo • 3 min read • Last week
NCC Group backs UK cyber resilience pledge at Downing
Ransomware

NCC Group backs UK cyber resilience pledge at Downing

UK firms face mounting attack costs as NCC Group joins a government-backed push to put cyber risk on board agendas and across supply chains.

By Sean Mitchell • 4 min read • Last week
UK banks vow to improve access to basic bank accounts
Customer Experience

UK banks vow to improve access to basic bank accounts

FCA findings show vulnerable customers are still missing out on basic bank accounts, prompting nine banks to tighten offer and application processes.

By Karen Joy Bacudo • 4 min read • Last week
meshIQ & Dataeko strike partnership to expand in India
DevOps

meshIQ & Dataeko strike partnership to expand in India

Indian banks and manufacturers will get local support as meshIQ and Dataeko join forces to manage hybrid middleware estates more easily.

By Mark Tarre • 3 min read • Last week
UK payments firms face rising compliance cost pressure
Fintech

UK payments firms face rising compliance cost pressure

Regulatory change is squeezing margins at UK payments firms, with 45% saying compliance costs are rising faster than revenue.

By Joseph Gabriel Lagonsin • 3 min read • Last week
Swyftx wins Australian licence to expand payment services
Crypto

Swyftx wins Australian licence to expand payment services

Closer oversight now gives the crypto broker a route to offer payments, deposits and derivatives services to Australian customers.

By Karen Joy Bacudo • 3 min read • Last week
Bank of Sydney goes live on Infosys Finacle on AWS
Software-as-a-Service

Bank of Sydney goes live on Infosys Finacle on AWS

Customers at Bank of Sydney should see faster payments and more self-service after its core banking systems moved to AWS.

By Karen Joy Bacudo • 3 min read • Last week
Bizcap rebrands US arm & launches new capital product
Fintech

Bizcap rebrands US arm & launches new capital product

US brokers and small businesses get a revolving capital option of up to USD $2 million as Bizcap folds its American arm into the global brand.

By Karen Joy Bacudo • 3 min read • Last week
Humanforce launches AI tools for frontline HR teams
Software-as-a-Service

Humanforce launches AI tools for frontline HR teams

Frontline employers could cut compliance gaps and manual training admin as Humanforce links AI reporting with automated learning assignments.

By Sean Mitchell • 4 min read • Last week