Payments fintech Marqeta announced today it will acquire credit card management platform Power Finance in an all-cash transaction to help supplement its credit offerings. The cloud-based solution is expected to accelerate the capabilities of Marqeta’s credit products including card issuing,...
Credit unions and community banks are looking to digital communications platform Eltropy to strengthen call center authentication and ultimately reduce fraud as voice-cloning tools and advanced AI present more opportunities for fraudsters within financial services. In the third quarter of...
Goldman Sachs agreed a deal last year to transfer a portion of its privately held Russian investments to two of the bank’s former employees, part of the Wall Street firm’s efforts to wind down its operations in the country in...
Last week there was a flurry of big job news at Barclays. Britain’s last remaining universal bank with a proper transatlantic presence brought in a couple of heavyweight board members and appointed a new duo to lead the investment banking...
French banks risk falling behind European rivals and losing out on windfall profits from rising interest rates due to rules which hamstring their ability to reprice loans.After a decade of depressed returns, rising inflation and ECB rate hikes have radically...
Banks and asset managers will face scrutiny from Congress on their “ESG agenda”, according to a senior Republican lawmaker, pointing to tensions ahead between the new House majority and America’s financial sector.The comments by Andy Barr, the chair of the...
Santander Corporate and Investment Banking has launched a business-to-business product via a new buy-now, pay-later solution. Madrid-based Santander CIB tapped global trade credit insurance company Allianz Trade and B2B payments platform Two for the venture, which aims to provide large,...
Fifth Third Bank announced the addition of Early Pay for federal tax refunds through its Fifth Third Momentum Checking digital banking platform as part of the bank’s ongoing tech modernization initiatives. Web- and mobile-based Momentum Checking, which launched in 2021...
Artificial intelligence-based lending platform Upstart is adding new digital financing and online sales applications to its auto retail platform to improve loan approval rates and expand credit access. Digital financing gives dealers access to Upstart’s AI-powered financing and allows consumers to visit...
JPMorgan Chase & Co. has a head start when it comes to developing and deploying artificial intelligence in banking, according to a new study. The Wall Street bank hires more people with skills needed for AI, files more patents and...
