Category: FinTech

  • ClearBank’s Jonny Fry featured fireside chat at Bank Automation Summit Europe 2024

    Jonny Fry, head of digital assets strategy at ClearBank and chief executive of TeamBlockchain, will be featured in a fireside chat at Bank Automation Summit Europe 2024 on Monday, Oct. 7, at 2:15 p.m. GMT +1.  The summit takes place Oct. 7-8 at the Hilton Frankfurt in Frankfurt, Germany, bringing together industry experts to discuss…

  • Sarah Buchner started as a carpenter when she was 12 — now her AI construction startup has raised $20 million

    Construction companies deal with a lot of documents — so many that it can be difficult to process and manage them all. According to one recent survey, a third of construction professionals found accessing documents to be a challenge in completing a project, while a fourth said that inaccurate project paperwork has contributed to a…

  • Things worth reading: 21st August 2024

    Things we’re reading today include: Starling Bank job advert hints at looming London listing (thetimes.com) Exploring AI’s impact on anti-money laundering efforts globally – FinTech Global The role of FinTech in the accountancy profession | Accountancy Today Race for UK banks to repay £100bn in Covid loans could help savers | Banking | The Guardian……

  • Podcast: JPM connects to French payments network Cartes Bancaires

    J.P. Morgan is joining French payments network Cartes Bancaires, Mike Lozanoff, managing director and global head of merchant services at J.P. Morgan, tells Bank Automation News on this episode of “The Buzz” podcast.  The bank is tapping cloud-based Renovite to build the connection to the network, Lozanoff says. The bank acquired Renovite in 2022 and…

  • European transactions: Cockroach Labs, PwC UK team up on data sovereignty, modernization

    U.K. regulators are starting to look at the European Union’s Digital Operational Resilience Act, and are monitoring the resiliency and business continuity plans of critical industry enterprises, a trend that is leading to new transactions.   Software company Cockroach Labs Chief Executive Spencer Kimball told Bank Automation News, that the U.K. regs have led it…

  • AI for cybersecurity: Fighting fire with fire

    Financial institutions are looking to AI and generative AI to mitigate the rising risk of cyberattacks as fraudsters take advantage of the technology.  Generative AI has allowed financial institutions to beef up their cybersecurity but has also lowered the barrier of entry for low-skilled adversaries to launch sophisticated attacks, according to cybersecurity company CrowdStrike’s 2024…

  • America’s digital banking landscape

    I realised today that I’ve talked lots and lots about Asia, Africa, Europe and the South Americas banking, fintech and digital state. But I haven’t written much about the USA. So, today’s the day! With a colossal $176 trillion in Household Financial Assets and $128.5 trillion in non-cash payments, the U.S. banking sector stands as a……

  • How do VC’s think and what’s the best start-up pitch?

    For some reason, I’ve just been bombarded with emails about the secret memo from venture capital firm Sequoia, about their investment twenty years ago in YouTube. Maybe it’s because it’s only just come to light or maybe it’s because it provides the secret sauce of how to achieve a successful early funding round. For me,……

  • Things worth reading: 22nd August 2024

    Things we’re reading today include … US Banking Agencies Are Ramping Up Scrutiny of Bank-Fintech Partnerships | Insights | Skadden, Arps, Slate, Meagher & Flom LLP Majority of Fintech Partner Banks Report Losses Over Compliance – Bloomberg Why I pay a monthly fee to have an ‘ethical’ bank account (inews.co.uk) Inside Chase’s Efforts To Embrace……

  • Things worth reading: 20th August 2024

    Things we’re reading today include … Must-Follow Bank and Fintech Trends for 2024 and 2025 (thefinancialbrand.com) Commonwealth Bank reveals how much it spends providing cash at branches and ATMS | Daily Mail Barclays down LIVE: Hundreds of users report outage as bank says ‘sorry’ | The Sun Unveiling the Limits of Bank Disruptors: Analyzing Chime’s……