Category: digital currencies

Signature Bank followed in Silicon Valley Bank’s footsteps Sunday when regulators overtook the spiraling financial institution. Today, First Republic Bank is drawing attention as its shares take a dive. At 2:30 p.m. ET Monday, First Republic Bank’s shares sat at $41.46, down 50% from market open. Before last week, all three banks played integral roles…

APEXX Global has raised $25 million in a Series B round. The funds come from existing investors Forward Partners, Alliance, and MMC Ventures. APEXX Global will use the new investment to expand further into North America and to boost product development. Global payment solutions company APEXX Global has raised $25 million in Series B funding.…

This highly acclaimed awards program, now in its sixth year, has been supporting, celebrating and recognizing excellence in the use of IT in the finance and payments industry worldwide. PayTech Awards are open to banks and financial institutions, paytech software and services providers, and individuals and teams working in the payments industry across the globe.…

Payment fraud continues to plague the financial services industry.  According to the American Bankers Association, fraud against bank deposit accounts totaled $25.1 billion in 2018[1].  In 2022, eight U.S. Senators sent letters to the CEOs of seven of the largest U.S. banks concerning fraud at one real-time payment firm.  With real-time payments growing globally by…

Silicon Valley Bank became the biggest US lender to fail in more than a decade after a tumultuous week that saw an unsuccessful attempt to raise capital and a cash exodus from the tech startups that had fueled the lender’s rise. Regulators stepped in and seized it Friday in a stunning downfall for a lender…

Unease is spreading across the financial world as concerns about the stability of Silicon Valley Bank prompt prominent venture capitalists including Peter Thiel’s Founders Fund to advise startups to withdraw their money. The turmoil followed a surprise announcement from Santa Clara, California-based SVB that it was issuing $2.25 billion of shares to bolster its capital position after…

Jonathan Alloy is a seasoned financial services professional with years of experience in the sector. He formerly served as Vice President of Design Thinking at Credit Suisse, where he was responsible for driving innovation and fostering a culture of human-centered design across the organization. Today, he is Vice President for Customer Experience and Innovation Consulting…

With all of the buzz surrounding artificial intelligence (AI) technologies such as ChatGPT, the question becomes “how do we best harness the power of these tools to drive business outcomes?” In today’s uncertain economic environment, belts are tightening across the board, and investment priorities are shifting away from far-fetched, moonshot projects to practical, near-term applications.…

Fifth Third Bank is enhancing its AI strategy by increasing the amount of data ingested by the language model it uses to build conditionals into the bank’s mobile application and messaging platform improving customer experience and self-service options. The $206 billion bank will update its language model in June to ingest more than 2 million…

Last week, to kick off Women’s History Month, we highlighted the women who will be representing their companies on Day One at FinovateEurope on March 14 next week in London. Today, on International Women’s Day, we would like to introduce you to the women who will be taking center stage with keynote addresses, fireside chats,…