Author: hjenkins42

Bitcoin and cryptocurrencies present several challenges for investors and banks, including their use by criminals, according to Anne Boden, chief executive of Starling Bank Ltd. Anne Boden. Photo by Bloomberg Mercury “People are being scammed and the proceeds normally go into crypto wallets,” Boden said in a virtual interview with Bloomberg UK. The assets are…

Checkout.com is acquiring online identity verification provider ubble. The move will enable Checkout.com to help its clients ensure compliance and stay ahead of changing regulations. Terms of the deal were not disclosed. Global payments solutions provider Checkout.com is boosting its digital identity expertise with the acquisition of online identity verification service provider ubble. ubble was…

Quantum computing has implications for high-value challenges in finance, according to an industry expert. Quantum computing can be used to measure credit decay as it relates to risk, to increase training speed for machine learning algorithms, including accelerating Monte Carlo calculations, and to optimize portfolios, explains Sam Mugel, who holds a Ph.D. in quantum computing,…

Fiserv is integrating buy now, pay later (BNPL) company Affirm into its Carat merchant platform as part of the core provider’s latest business banking push. Affirm is set to be the first BNPL to fully integrate into Fiserv’s Carat merchant platform, allowing Fiserv merchant clients to add Affirm payment options into their digital checkout. Fiserv…

FIS has partnered with Treasury Prime to launch a new embedded finance offering. The new solution will give FIS’ banking customers additional options for managing deposits, AP, and other critical bank processes. The collaboration with Treasury Prime is FIS’ second big embedded finance play of the year, having acquired embedded finance solution provider Payrix in…

Three credit unions – VyStar CU, BCU, and Reseda Group – have invested in credit risk management specialist AKUVO. Terms of the funding were not disclosed. The new capital will help AKUVO further develop its credit risk and delinquency management platform, Aperture. Credit risk and delinquency management specialist AKUVO announced a new investment not from…

Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week. 1  China signals importance and likely future adoption of ISSB standards Fang Xinghai, vice chairman of the China Securities Regulatory Commission (CSRC) addressed the draft sustainability reporting standards issued by the International Sustainability Standards…