Describing Jingle Pay as “one of the fastest growing fintechs in the MENAP region,” Bank Alfalah said the investment highlights “its commitment to driving digital transformation.” Jingle Pay, well-known for its AI-powered tech stack, processed over 2 million transactions and facilitated more than $1 billion in international money transfers in 2024, saving customers over $6…
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The collaboration allows digital banking firm Revolut to contribute its price data to the decentralized finance (DeFi) ecosystem. Since its launch in 2015, Revolut has challenged traditional banks with services ranging from international money transfers to cryptocurrency trading. The company now has over 45 million users across 200 countries. Through its partnership with Pyth Network,…
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The collaboration aims to enhance trading experiences for clients and improve liquidity distribution across financial markets. Centroid is a fintech provider known for its advanced technology and infrastructure in capital markets. Sky Links said that by integrating Centroid's technology, it plans to offer clients enhanced trading capabilities, real-time analytics, and superior decision-making tools. "The move…
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The new feature, integrated into Acuity's AnalysisIQ product, offers traders both expert human-led multi-asset signals and automated signals driven by advanced AI, specifically targeting the FX and cryptocurrency markets. The product was developed by Acuity Analytics. The AI-powered signals leverage Natural Language Processing (NLP) and sentiment analysis to help boost traditional technical analysis, according to…
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Broadridge announced the move byPemberton on Monday, saying the technology will help the company enhance operational efficiency and support the expansion of its private debt and collateralized loan obligation (CLO) businesses. Furthermore, Pemberton's move to scale its operations is in response to growing market demand. "Broadridge's private credit portfolio management solution infrastructure was selected to…
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The move aimed at enhancing the bank’s data-driven services by integrating advanced artificial intelligence (AI) technologies and predictive analytics to provide greater value to customers and streamline internal processes. BBVA explained that the new unit combines generative and predictive AI to use historical data for future trend forecasting. This is with the aim of accelerating…
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The payments giant said in a release Thursday that it indicates a consumer base willing to spend, albeit with a focus on value. The data aligns with Visa's recent holiday spending report, which recently reported a 4.8% year-on-year increase in holiday retail spending across the United States. Mastercard said online shopping remained a strong preference,…
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In a press release this week, the payments giant explained the data reflects total spending from all payment methods, including cash and cheque, over a seven-week period starting on 1 November 2024. The findings highlight a potential resurgence in consumer confidence and adaptability among retailers. Wayne Best, Visa’s chief economist, noted: “This spending growth demonstrates…
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The deal will see Fiserv pay C$201.5 million ($140 million) for the company and is expected to close in the first half of 2025. Payfare’s offerings, which include card program management, a white-label consumer app, and a microservices orchestration layer, are expected to bolster Fiserv’s embedded finance capabilities. Fiserv added that the solutions complement its…
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The fine follows a settlement agreement in which Seaport neither admitted nor denied the findings but accepted the sanctions to resolve the matter. According to FINRA, from March 2020 to June 2021, Seaport did not maintain adequate supervisory systems and written procedures for managing manual options transactions. The lapses are said to have included insufficient…
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