Citi has embarked on a significant modernization journey, partnering with Google Cloud in a multiyear initiative to migrate numerous applications and workloads to Google’s public cloud infrastructure. This transformation effort will also see Citi leveraging Google Cloud’s Vertex AI platform, especially in software development, document processing, and customer service, to harness the power of generative AI. This collaboration marks a
Cyber Guru, a Rome-based cybersecurity training and awareness platform, has successfully raised $25 million in a Series B funding round led by Riverside Acceleration Capital and supported by Educapital and existing investor P101. This significant investment positions Cyber Guru to enhance its cybersecurity offerings and expand its market reach across Europe. Founded with the mission to tackle human vulnerabilities in
Interface.ai, a leading provider of agentic AI solutions tailored for community banks and credit unions, has recently secured a significant funding round led by Avataar Venture Partners. This landmark development arrives after the company had been self-funded since its inception. Achieving significant milestones, including generating tens of millions in revenue and servicing around 100 customers, Interface.ai is strategically positioned to
The integration of financial services into non-financial platforms, known as Embedded Finance, has been revolutionizing industries worldwide. In the United States, this seamless fusion has found fertile ground, with 33% of small and medium-sized businesses (SMBs) utilizing Embedded Finance through Software as a Service (SaaS) platforms. Meanwhile, in Europe, the scenario is markedly different, with only 11% of SMBs in
Embedded finance, a transformative approach integrating financial services directly into non-financial platforms, has revolutionized how users access financial products. By embedding lending, payments, insurance, and banking services within everyday applications and websites, this innovation streamlines financial transactions and management, obviating the need to navigate multiple institutions. As Application Programming Interfaces (APIs) play a crucial role in this seamless integration, they
Embedded finance, a breakthrough concept, involves the seamless integration of financial products and services into non-financial service platforms. Globally, this model has revolutionized businesses by offering enhanced accessibility and efficiency in financial services. In Bangladesh, the potential for embedded finance to transform the business landscape is tremendous, promising unprecedented growth and innovation. This innovative approach enables sectors such as telecommunications,
Wealthtime, an adviser-focused platform, has announced a strategic partnership with Wipro, a global leader in technology services and consulting, along with its long-term technology partner GBST. This collaboration is aimed at developing a digital-first platform coupled with a customer-centric service model, designed to support Wealthtime’s long-term growth ambitions. The initiative includes integrating the Wealthtime and Wealthtime Classic platforms into a
The adoption of blockchain technology in issuing government bonds, referred to as "digital gilts," holds immense potential to revolutionize debt markets. In an interview with Cointelegraph, Lamine Brahimi, co-founder and managing partner of Taurus, underscored several foundational advantages. Among these, he noted the potential to drastically improve market efficiency and substantially lower borrowing costs for governments. By leveraging blockchain technology,
The latest change in the “real” Living Wage, as recommended by the Living Wage Foundation, marks a significant shift for nearly 500,000 workers across over 15,000 businesses in the United Kingdom. The increase of 5% raises the rate to £12.60 an hour, providing an annual boost of £2,262 for employees compared to the government’s statutory minimum rate of £11.44 per
Understanding the benefits and complexities of Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) is crucial for HR professionals. With open enrollment periods presenting the perfect opportunity to educate employees, it’s vital to ensure they make informed decisions. This guide aims to provide essential tips and reminders, spotlighting compliance and strategic advantages to maximize these valuable financial tools. By
Mastercard has partnered with some of the top FinTech players, including Global Payments, Skipify, and Splitit, to enhance its US Installments Program significantly. This initiative is designed to provide greater flexibility for consumers at the checkout stage, addressing the increasingly evident demand for versatile payment solutions. The program has now been made available across all eligible digital points of sale,
Stripe is in advanced discussions to acquire the B2B stablecoin technology firm Bridge, as reported by Bloomberg, signaling a major strategic move. This acquisition comes on the heels of Stripe recently re-enabling stablecoin acceptance for merchants, indicating the company’s renewed focus on integrating stablecoin technology into its payment solutions. Bridge, launched in August after a rigorous 2.5 years of development,
