Financing
Visa and Taulia / SAP Partner to Drive Global Availability of Embedded Finance
Visa, a global leader in digital payments, and Taulia, an SAP company, and a leading provider of working capital management solutions, have announced a new partnership to make embedded finance accessible to businesses worldwide. The collaboration will incorporate Visa’s...
Financing
PayPal Ventures Leads NX Technologies € 22 Million Series B Funding Round
NX Technologies, a fintech company that operates the automotive payment management platform bezahl.de announced that it has raised 22 million euros ($24,027,000) in series B funding, led by PayPal Ventures, the corporate venture arm of global payments and commerce...
Financing
MANTRA Completes $11M Round Led by Shorooq Partners to Accelerate RWA Tokenization
MANTRA ($OM), the Layer 1 blockchain for Real World Assets (RWA), has announced the completion of a new funding round. Top venture and technology investor in the MENA region, Shorooq Partners, led the $11M investment round. Additionally, a diverse...
Banking
EU AI Act And Its Effect On AI Adoption Endeavours of Banks
As we move ahead into 2024, while the banks go on to experiment with generative AI, they also have to be aware of how the regulators will scrutinize how they are going to use AI. A specific challenge is...
Banking
European Union Pressures Banks To Advocate Fast Payments
It is worth noting that on February 26, 2024, the European Council went ahead and adopted a new regulation, the Instant Payments Regulation. This is going to make instant payments in euros completely available to the consumers as well...
Banking
Major Banks Resolvability Calls For Additional Measures
It was around a year ago that Credit Suisse, which is a global systemic bank with $540 billion in assets and second-largest Swiss lender, established in 1856, failed and was sold to UBS. In the US, Silicon Valley Bank,...
Banking
Generative AI And What Next It Has In Store For The Banks
At the beginning of the digital revolution, Bill Gates said that banking is indeed necessary, however, banks are not. This was back in 1994. After 30 years of digital change that’s disrupting dozens of sectors, it is still not...
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