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Daloopa, a startup building AI to extract info from financial reports and investor presentations, has raised cash in a new funding round. © 2024 TechCrunch. All rights reserved. For personal use only.

Digital banking startup Mercury is layering software onto its bank accounts, giving its business customers the ability to pay bills, invoice customers and reimburse employees, the company has told TechCrunch exclusively. The additional features puts the company in even more direct competition with the likes of Brex and Ramp, two rival fintechs that have for…

Bank Automation News is pleased to announce that the inaugural Bank Automation Summit Europe 2024 will take place Oct. 7-8 in Frankfurt, Germany, at the Hilton Frankfurt.   Located in one of Europe’s top three financial hubs and co-chaired by Angela Yore, founder and managing director of media and marketing consultancy firm SkyParlour, this premier…

Payments behemoth Mastercard uses APIs to develop a wider range of products for business clients.  The company processes roughly 125 billion transactions annually and managing data flow through APIs makes Mastercard’s operations efficient, Chad Wallace, executive vice president of B2B solutions, tells Bank Automation News on this episode of “The Buzz” podcast.  Deploying APIs within…

Chime Financial was fined $3.25 million by the Consumer Financial Protection Bureau today as the digital bank has failed to give timely consumer refunds.  According to Chime’s refund policy, the company is required to issue consumer refunds within 14 days. The CFPB found that Chime has not adhered to this policy, a move that has…

Welcome to TechCrunch Fintech! This week, we’re looking at Mercury’s latest expansions, wallet-as-a-service startup Ansa’s raise and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 8 a.m. PT, subscribe here. (New day and time, same awesome newsletter!) The big story Digital banking startup…

NEW YORK — Tech provider FIS debuted its embedded finance platform, Atelio, in its Investor Day presentation today as its tech leaders discussed growth strategies.   Atelio allows software companies, enterprises, banks, fintechs and developers to embed financial capabilities into their platforms via API and software development tools, Tarun Bhatnagar, president of platform and enterprise…

Things we’re reading today include … BBVA proposes merging with Banco Sabadell to create a European leader – NEWS BBVA HKMA Launches FiNETech to Bolster Fintech Collaboration Across Hong Kong | The Fintech Times UK fintech raises £800M for AI that determines how much money you can borrow (thenextweb.com) Chinese fintech Ant to expand into……

I’ve recently been seeing more and more about eugenics. Eugenics is a supposed scientific way to develop the perfect human, immune to disease and designed to live long and prosper (as Spock would say). A more formal definition comes from The National Human Genome Research Institute: Eugenics is the scientifically erroneous and immoral theory of “racial……

Talking about trust, the other side of the coin is what is the bank doing to protect privacy? Increasingly, due to regulatory concerns, banks are becoming government spies. They are watching our every move and reporting it. This recently cropped up on my personal radar when the bank became my interrogator and grilled me about……