Swindon, U.K.-based Nationwide Group has offered to acquire U.K.-based financial institution Virgin Money for 2.9 billion pounds ($3.7 billion) in cash, according to a March 21 Nationwide release.  The acquisition, which must be approved by the Financial Conduct Authority, would help Nationwide grow its customer base, deposits and operations organically, the release stated. The acquisition of…

Visa Inc. is adding three new AI-powered fraud-prevention tools to its suite of products for business clients as the credit-card giant uses the technology to improve security. Among the tools, available to clients starting in the first half of the year, will be one that expands on Visa’s current artificial-intelligence technology that helps detect and…

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Eight months after acquiring credit card startup X1 for $95 million, Robinhood announced today the launch of its new Gold Card, with a list of features that could even give Apple Card users envy. Robinhood, better known for its brokerage app aimed at the everyday investor, is touting all sorts of benefits with its new…

I’m working with a cryptobank start-up, and we’re looking at options for licensing. Various countries have various attractions, with some more attractive than others. I won’t go into the nuances of the details as it’s all under wraps, but one of the founders turned to me and asked if there might be a good licensed……

Things we’re reading today include … Barclays bank payments restored after app went down in outage – BBC News Generative AI’s Rise Adds to US Bank Uncertainty – Bloomberg Ethiopia’s CBE bank recovers $10m taken during technical glitch – BBC News fintech: Fintech is making global payments its business – The Economic Times (indiatimes.com) The……

KeyBank is establishing a generative AI center of excellence to navigate the new technology before it is regulated.  “One of the things we’re hyper-focused on now is really establishing a COE,” Dominic Cugini, chief transformation officer at KeyBank, said March 19 at Bank Automation Summit U.S. 2024 in Nashville, Tenn.   The $189 billion bank is…

Document processing is a routine task in the finance industry, but does it have to be manual? In an era where the banking sector is grappling with a growing volume of documents, the need for efficient, accurate, and swift document processing systems has never been more critical. This need is amplified by strict regulatory compliance…

As you know, I don’t like entering the political sphere too much as it’s way too controversial, but I’ve just got around to watching the BBC Panorama programme aired on February 19 about Hamas’s secret financial empire. It’s fascinating and, unfortunately, only available on the BBC iPlayer, as far as I know. It’s well worth……

As you know, I don’t like entering the political sphere too much as it’s way too controversial, but I’ve just got around to watching the BBC Panorama programme aired on February 19 about Hamas’s secret financial empire. It’s fascinating and, unfortunately, only available on the BBC iPlayer, as far as I know. It’s well worth……