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Things we’re reading today include … Bank locks customer’s account after donation to UNRWA – SKWAWKBOX JPMorgan vs Goldman: How Jamie Dimon’s bank gains from the confidence factor (ft.com) Chime was once valued at $25 billion. What is it worth now? (yahoo.com) Chinese fintech giant Ant Group sets up AI unit led by former Google……

Financial institutions are looking to their infrastructure and platforms to determine where to overhaul their tech in 2024.   To keep up with the changing industry including AI tools and immense volumes of data, FIs need modern platforms to support their technology, global payments and banking infrastructure, fintech Episode Six Chief Executive John Mitchell tells…

Venture funding fell in 2023 as investors took uncertain macroeconomic conditions into account and doubled down on due diligence.  Global venture funding in 2023 stood at $248.4 billion, down 42% year over year, its lowest point since 2017, according to a Jan. 4 State of Venture 2023 report by business analytics provider CB Insights. Global…

IBM clients continue to prioritize digital transformation through the cloud and investment in AI as tech spend remains strong across the banking industry.   “This focus on digital transformation and AI initiatives to drive productivity and cost savings has been consistent throughout the year,” Chief Financial Officer Jim Kavanaugh said during IBM’s Q4 2023 earnings…

I got into a Scruples debate this week. You know Scruples? A feeling of doubt or hesitation with regard to the morality or propriety of a course of action. Well, that’s the dictionary definition. The real definition should be where you know something is wrong morally and ethically, and wonder what to do about it….…

Things we’re reading today include … U.K. to start work on ‘Britcoin’ in preparation for cryptocurrency dominated world | Morningstar Bank of England lays out how Britons can ‘pay the electrician’ using cashless digital pounds (gbnews.com) Bruised by stock market, Chinese rush into banned bitcoin | Reuters UK neobanks need to show sterling qualities, not……

Visa extended partnerships and made new connections during its fiscal first quarter as it looked to expand its reach, develop new use cases for its offerings and push its peer-to-peer payments capabilities.  “We remain obsessed about serving our customers, including traditional bank partners, neobanks, fintechs, wallets, sellers, acquirers and everyone else,” Chief Executive Ryan McInerney…