Category: Trade & Industry

Digital wallet company Wedge is teaming with Visa to launch a debit card within Visa’s network in the U.S. using Wedge’s card technology.  Austin, Texas-based Wedge’s card allows users to liquidate their assets — including stocks, ETFs and crypto — to pay for goods and services, according to the company. “We are always looking for…

International hiring and employment platform Global Partners (G-P) has tapped cross-border money transfer company Wise for its payment tools. Under the agreement, G-P will embed Wise’s international payment tool in its Contractor platform with an aim to simplify worker disbursements. With Wise, businesses will be able to use their payment method of choice to pay…

DirectID, a credit risk assessment and decisioning platform based in Scotland, has raised $9.5 million (€9 million) in funding. The funding was led by Ingka Investment, the investment arm of Ingka Group – which is the world’s largest IKEA retailer. DirectID will use the new capital to accelerate the launch of its predictive credit and…

Transformation initiatives often seek to provide greater efficiency through process optimization and cost reduction or to elevate the customer experience and drive growth. Sometimes they accomplish both. In either case it’s important to consider the need for transparency in newly deployed systems and processes. Optimization efforts that lack transparency can fall short of delivering on…

HSBC’s cost-reduction efforts have allowed the bank to up tech spend to improve workflow efficiency and customer experience. THE BIG PICTURE: The $3 trillion, London-based bank’s three-year cost reduction program, which has now ended, included the reduction of global corporate real estate, the branch network and operations headcount, Chief Executive Noel Quinn said during the…

Bank of America was granted a record 608 patents last year by the U.S. Patent and Trademark Office, a 19% rise year over year. Key automation technologies such as AI and machine learning (ML) applications were at the fore, alongside information security and payment end uses, emanating from a diverse global workforce. The bank rose…

Washington Federal Bank has spun off a digital innovation provider, Archway Software, led by WaFd Chief Technology Officer Dustin Hubbard, who will speak at the Bank Automation Summit U.S. 2023 in Charlotte, N.C., next week. As part of the panel, “Automation Operations: Use Cases for Transformation” on Thursday, March 2, at 1:30 p.m. ET, Hubbard…

Mizuho International selected SymphonyAI’s Sensa to enhance AML detection within its European Capital Markets Division. Sensa’s machine learning models– including changes in behavior, risk similarities, anomaly detection, and hotspot identification– help organizations detect money laundering activity. Sensa operates under SymphonyAI, which acquired the company in 2019. Mizuho International selected SymphonyAI’s Sensa to bolster its fight…

Due to the success of the first Banking Tech Awards USA held in May last year, the awards will be returning for 2023! The Banking Tech Awards USA are brought to you by FinTech Futures, the global intelligence platform for financial services technology. Nominations for the 2023 awards are now open – the extended deadline…

A look at the companies demoing at FinovateEurope in London on March 14. Register today and save your spot. Little Blocks is a fintech platform for SMB manufacturers. It facilitates access to risk capital for machinery purchases by leveraging industrial IoT data and blockchain technology. Features Risk capital – repayments linked to machine usage Industrial…