The company has made the move as it plans to scale generative AI across the business. The Spanish banking group first partnered with OpenAI in May 2024, trialling the secure enterprise version of ChatGPT to streamline internal operations and boost innovation. One year on, the bank said that over 80% of licensed users report using…
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The enhanced partnership will focus on capital access, fraud protection, and digital wallet services. As part of the collaboration, Paysafe will integrate Fiserv’s Clover Capital solution, enabling SMBs to access funding more easily to support growth. The partnership is also expected to see Paysafe adopt Fiserv’s Data-as-a-Service platform to bolster fraud prevention capabilities, further safeguarding…
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The new service, HSBC TradePay for Import Duties, is said to enable businesses to streamline duty payments while optimising working capital. By allowing HSBC to settle import duty payments directly, either via pre-agreed credit terms with brokers or through ACH credits, HSBC said clients can access credit and make payments in a single transaction. “Clients’…
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The company introduced a new FX solution that aims to lower costs and improve risk forecasting for businesses navigating currency volatility. At the core of the collaboration is Ant’s proprietary Time-Series Transformer (TST) AI FX Model, which is said to forecast cashflow and foreign exchange exposure with over 90% accuracy. The model, trained using time-series…
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In a statement, Alpha said it had carefully reviewed the conditional proposal with its financial advisers before deciding to reject the offer. The company did not disclose financial details of Corpay’s bid. Corpay, a Georgia-based provider of business payments and spend management solutions, had previously confirmed it was in discussions with Alpha regarding a potential…
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The company said it has introduced new capabilities designed to enhance efficiency and reduce risk for global financial institutions. The enhancements, announced on Tuesday, include tools for fails research, inventory optimisation, and email integration automation. OpsGPT is said to now leverage “agentic” AI capabilities to provide real-time operational intelligence, helping firms streamline workflows, manage capital…
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The global operator of electronic marketplaces also posted record trading volumes across a range of asset classes. Average daily volume (ADV) reached $2.5 trillion for the quarter, up 33.7% compared to the same period in 2024. The firm saw new quarterly ADV records in U.S. and European government bonds, mortgages, credit swaps, global repurchase agreements,…
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The global payments giant said it is aiming to bring digital currencies into the mainstream by enabling transactions from wallets to checkouts. The initiative is part of Mastercard’s broader strategy to integrate blockchain-based assets into traditional finance. The company has partnered with OKX and Nuvei to support stablecoin transactions across its network, allowing consumers to…
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The collaboration will integrate Broadridge’s data aggregation, reporting, and proprietary fund scoring capabilities into OneDigital’s national platform. This new partnership aims to streamline the retirement planning process, offering OneDigital’s advisors more time to assist clients with effective retirement programmes. Additionally, the firm’s home office will benefit from improved compliance oversight and advanced business intelligence tools.…
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The fine is for failing to disclose disciplinary history in key customer documentation, according to a Letter of Acceptance, Waiver, and Consent, published by FINRA. The violations relate to Regulus's failure to properly complete and update its Form CRS, a customer relationship summary mandated by the U.S. Securities and Exchange Commission (SEC) to promote transparency…
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