Category: digital currencies

TD Bank reported an increase in technology and employee-related expenses to meet growth within its digital channels during the bank’s fourth-quarter earnings call on Thursday.  WHY IT MATTERS: The $1.4 trillion TD Bank attributed the year-over-year rise in non-interest expenses to its “strategic investments in our people, in technology and in new capabilities in our…

National Bank of Canada (NBC) is set to continue its digital innovation strategy through hiring technology-focused talent.  “We will continue to invest in our people, focus on deepening our client relationships, capitalize on our momentum in digital innovation and leverage our collaborative models to drive growth across the country in the years to come,” Chief…

This week we began our celebration of FinovateEurope’s earliest alums. In honor of FinovateEurope’s Alumni Alley Showcase – a new feature designed to highlight the innovations of FinovateEurope alums – we’re highlighting the companies that introduced their innovations to Finovate’s European audience more than a decade ago – and are still among the top innovators…

Finastra and Clinc have partnered to integrate Clinc’s conversational AI technology into Finastra’s Fusion Digital Banking platform. Finastra will offer its 8,600 financial instiution clients access to Clinc’s AI virtual assistants to help mitigate the load on call centers while providing quality answers to end users. Finastra was founded in 2017 as a merger between Misys…

Canadian real-time cross border payments company Buckzy has raised $14.5 million in Series A funding. The investment was led by Mistral Venture Partners and Uncorrelated Ventures, and featured participation from new investors Luge Capital and Blue 9 Capital, as well as existing investor Revel Partners. Buckzy made its Finovate debut in 2019 at FinovateFall. In…

Challenger credit card X1 has raised $15 million, bringing its total funding to more than $60 million. Along with today’s announcement, X1 is also unveiling a new in-app stock investing tool that will enable cardholders to purchase stocks using points. X1 will use the funds to fuel growth and roll out new services for its…

If you’ve been crying over your crypto wallet due to all the negative headlines about digital currencies, then now is the time to dry your eyes and thank Fidelity for giving crypto enthusiasts the greatest sign of approval since BTC and ETH peaked last year. Fidelity announced this week that it has enabled cryptocurrency trading…

Royal Bank of Canada’s (RBC) fourth-quarter expenses were up year over year, driven by its focus on digitalization and growth in digital usership.  WHY IT MATTERS: The $1.4 trillion USD bank attributed the rise in expenses to “[investing] in the business around our application development, our technology costs and providing for our clients,” RBC Chief…

Ryan McInerney will become chief executive of Visa effective Feb. 1, 2023, replacing current CEO Alfred Kelly, who is stepping down from the role he has held since 2016.  McInerney has served as president of the credit card giant since 2013. “Ryan has boundless energy and passion for this business and in his role as…

Rising inflation and the increasing likelihood of a recession are contributing to many peoples’ economic anxieties – and enabling criminals to recruit money mules into their money laundering operations. According to the newest report from Feedzai, The State of Global Anti-Money Laundering Compliance, 74% of surveyed global banks said money mules were the most common…