Expense management solutions provider fintech Brex is saving an average enterprise customer up to 300 hours per month in employee expense compliance efforts through its AI-driven Brex Assistant.  The virtual assistant, which launched last year, has saved customers an annualized $18 million by blocking out-of-policy spend through AI-powered controls, Erica Dorfman, executive vice president of…

After doing some consulting for Microsoft to develop protections against zero-day exploits, software engineer Joran Dirk Greef worked with Coil, a web monetization startup in San Francisco, to help build its payments infrastructure. At the time, Coil was using a traditional database to store and process transactions. But Greef had the insight that a specialized…

There’s been a meme going around for a while now that America is great at invention and innovation; Asia is great at industrialising and maximising America’s inventions; and Europe is fantastic at blocking all of it through regulations. The Eurocrat regime rules. What’s the reality? Well, it certainly is true that America led the way with……

Things we’re reading today include … Microsoft says EU to blame for the world’s worst IT outage (msn.com) Central Bank Digital Currencies to transform the financial landscape (cms-lawnow.com) Can Eurozone Banks Continue Their Rally in Q3? | Morningstar Meet European fintech’s most active investors | Sifted 10 fintech companies to watch in 2024 – Help……

CrowdStrike continues to manage the fallout from its IT outage July 19 as it works on remediation plans with the banks, airlines and stock exchanges that were brought to a halt by the tech meltdown.   The cybersecurity firm last Friday released a patch, or a software update that addresses security vulnerabilities, on its Falcon…

Truist’s investment in digital capabilities helped the bank keep up with growing client demand for mobile and digital channels in the second quarter.  “We continue to show strong and steady growth in our digital capabilities as client mobile app users grew,” Chief Executive Bill Rogers said during the bank’s Q2 earnings call today. During the…

Things we’re reading today include … European banks’ earnings in spotlight after big share price gains | Reuters London banks lose patience with ‘crazy’ French and German workers’ rights (telegraph.co.uk) ECB Is Pushing UK Fintech Revolut to Bolster EU Bank Controls Amid Review – Bloomberg Revolut Gets More Complaints About UK Scams Than Rest of……

With great power, comes great responsibility. It’s a quote from Spiderman, but actually not. It’s from Spiderman’s Uncle Ben. Well, it’s not tbh. It’s from Voltaire … or is it? Wherever it is from, it’s a great phrase. So, here’s a new one. With great power, comes great threat, and that one is from me….…

This week’s main blog discussions include … The CloudStrike issue and its impact on Microsoft I was talking with my 8 year-old son and said that the whole world had just stopped. He asked what do you mean? I replied that everything stopped. Airlines, banks, shops, trains, hospitals and more. He asked what happened? I……

I was talking with my 8 year-old son and said that the whole world had just stopped. He asked what do you mean? I replied that everything stopped. Airlines, banks, shops, trains, hospitals and more. He asked what happened? I said that an update from a company to the core of the computer systems of……