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FinTech

06/07/2024

British tech magnate Mike Lynch acquitted of fraud charges in $11 billion deal with Hewlett Packard

Mike Lynch, once hailed as Britain’s king of technology, has been cleared of charges alleging he orchestrated a fraud and conspiracy leading up to an $11 billion deal that turned into a costly albatross for Silicon Valley pioneer Hewlett Packard.

06/06/2024

Fidelity exec says most investors should have some Bitcoin allocation

The Coinshares report also noted that Bitcoin investment funds account for over $74 billion in assets under management globally.

06/05/2024

Envestnet Deepening Relationships to Launch Personalized Investment Strategies

Asset Managers to Offer Unified Managed Account-eligible Direct Indexing, Custom HNW Solutions and More on Envestnet Platform; Invest in Enhancements to Envestnet's UMA Ecosystem

06/05/2024

Turkey’s Papara taps DriveWealth for fractional investing solution

The new offering, which is planned to launch in October and will be accessible directly through Papara’s app

06/03/2024

Citi suit prompts dispute between CFPB and industry groups

Citi is being sued by the state of New York for failing to respond adequately when people promptly told the bank that scammers had stolen money by initiating wire transfers from their accounts online.

06/03/2024

JPMorgan says it's using AI for all these things once done by humans.

Dimon didn't say that the new use cases will displace human beings at JPMorgan, and yet when you look at what they entail, this seems semi-inevitable.

05/31/2024

JP Morgan fund manager on the future of tech investing

Joseph Wilson, manager of the $7.4bn JP Morgan US Technology fund tells FSA why he thinks tech exposure will be considered core in the future.

05/30/2024

Generative AI is expected to magnify the risk of deepfakes and other fraud in banking

Fake content has never been easier to create—or harder to catch.

05/29/2024

Hybrid Advice creates opportunities, but also Client Retention problems

Gen AI as a client engagement solution has the potential to change the way a personalized fact-find

05/28/2024

JPMorgan casts doubt on SEC approval for Solana and other crypto ETFs

JPMorgan doesn’t foresee the SEC approving additional crypto ETFs following spot Ethereum ETFs.

05/22/2024

HSBC unveils innovation programme for PB clients

The bank’s wealthy clients met California tech hub leaders as part of its “All-in on Innovation” scheme.

05/22/2024

Top-ranked analyst declares JPMorgan ‘the Nvidia of banking’ after it spends $17 billion on tech in a single year

The bank, which holds $5 trillion in client assets and employs 310,000 people, said it will allocate the tech investment across its businesses and strategy.

05/22/2024

Mbanq Joins BaaS Association to Enhance Banking Technology and Compliance Standards in Industry

The BaaS industry is a tremendous vehicle for innovation and reaching underserved and underbanked communities

05/20/2024

Prelim Technologies Selected for ICBA ThinkTECH

Fintech to join seventh cohort to develop digital onboarding solutions for community banks

05/17/2024

LogRhythm and Exabeam merge to dominate AI-driven security operations market

The merger is anticipated to close in the third quarter of 2024

05/16/2024

TCF 2024: Cognizant and the future of digital transformation in wealth management

Cognizant is working on incorporating AI in the future of wealth management to maintain its position.

05/16/2024

American Banker announces finalists for the 2024 Innovators of the Year award, celebrating technology innovators in financial services

The 20 finalists will be celebrated during a dedicated recognition dinner at the DIGITAL BANKING conference this June, where one top winner will be named

05/16/2024

Navigating Cybersecurity Changes in Wealth Management

Digital Privacy & Protection's efficient protocols facilitate quick client assessments and updates, ensuring effective defense strategies.

05/10/2024

US lawmakers unveil bill to make it easier to restrict exports of AI models

The legislation aims to bulletproof any future AI export regulations from legal challenges and was crafted with input from Biden administration officials.

05/10/2024

Nubank reaches 100 million customers across Latin America

The fintech phenomenon is spreading its influence throughout the continent, particularly in Brazil, where it has established its main business.

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