Brazil leads a fintech revolution with PIX, open finance, and Drex, shaping one of the world’s fastest-growing digital economies. Brazil, the largest country in South […]
Author: Editorial Team
CommBank Partners with OpenAI to Advance Generative AI in Banking and Fraud Prevention
SYDNEY – Commonwealth Bank of Australia (CommBank) has entered into a multi-year strategic partnership with OpenAI to develop generative AI-enabled banking solutions for customers and […]
CIBC Wins Best Gen-AI Initiative Award for CAI Platform
CIBC’s internal AI platform, CAI (CIBC AI), has been named Best Gen-AI Initiative by The Digital Banker, recognizing its innovative use of generative AI to […]
AI Transforms Fraud Prevention and Compliance in Payments Industry
Flagright, B4B Payments, and Zero are among the frontrunners integrating AI and machine learning into fraud prevention and anti-money laundering (AML) compliance, reshaping risk management […]
CBA Unveils AI-Powered Scam Checker, Reports 76% Drop in Fraud Losses
The Commonwealth Bank of Australia (CBA) has launched two new security measures to strengthen customer protection against scams, coinciding with a reported 76% decline in […]
BMO, Deloitte Launch $100K Grant Program for Canadian Women Entrepreneurs Advancing UN SDGs
BMO, in partnership with Deloitte Canada, has opened applications for its fifth annual BMO Celebrating Women Grant Program, offering a total of $100,000 in funding […]
Starling Expands to Canada, Eyes North American Growth via Banking Software Platform ‘Engine’
UK-based neobank Starling is establishing a presence in Canada, opening a new office in Toronto as part of its broader North American expansion strategy. The […]
BNPL Credit Reporting Plans Stall as Klarna, Afterpay Withhold Data Over Fairness Concerns
Efforts to include Buy Now, Pay Later (BNPL) loans in credit scores are facing early resistance, as major providers Klarna and Afterpay announce they will […]
Fibe in Talks to Raise $35M Led by IFC as Profitable Growth Boosts Investor Confidence
Fibe, the Pune-based digital consumer lending platform formerly known as EarlySalary, is reportedly in advanced talks to raise $35 million in a fresh funding round, […]
Lloyds Bank Taps Hedera Blockchain in Landmark Tokenized Collateral Pilot, Signaling Major DeFi Shift
In a surprising yet significant move, Lloyds Bank, one of the UK’s most traditionally conservative financial institutions, has partnered with Aberdeen Investment and digital asset […]