IBA News

Mastercard’s Cyber Secure Uses AI To Help Banks Fight Cyber Fraud

SHARETWEETSHARESHAREPRINTEMAIL Mastercard has unveiled its artificial intelligence (AI)-fueled Cyber Secure tool suite, which lets banks evaluate cyber risk throughout their ecosystems and stop possible breaches from occurring, according to a Friday (Oct. 30) announcement emailed to PYMNTS. Banks can discover and rank threats and vulnerabilities across their cyber environments with the help of the tool. Furthermore, […]

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Australia’s Central Bank Kicks Off CBDC Research Project With ConsenSys as Partner

The Australian central bank announced Monday it’s partnering with Commonwealth Bank, National Australia Bank, Perpetual and ConsenSys to explore the possible use and implications of a wholesale form of central bank digital currency (CBDC) using distributed ledger technology (DLT). The Reserve Bank of Australia (RBA) said the project will involve the development of a proof-of-concept (POC) for the issuance of a

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Strive launches challenger ‘bank’ for families, following GoSave acquisition

There’s a new challenger on the block for kids and parents, with Strive launching today with its own take on digital banking and financial education for families to rival the likes of Osper and GoHenry. Strive, which today announced the acquisition of ‘digital piggy bank’ fintech GoSave, is combining GoSave’s interactive piggy bank with its savings account

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Nordic Capital acquires RegTech from BearingPoint

Nordic Capital is to acquire BearingPoint’s RegTech business, a regulatory reporting platform used by more than 6000 firms including banks, insurance companies and supervisory authorities.Founded over 25 years ago, RegTech is headquartered in Frankfurt, and has 17 offices across 10 countries with a total workforce of approximately 630 employees. The company is expected to generate

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Fintech Startup, PAYMYNT Financial, Announces Patent-Pending Universal Payment Rewards System

PAYMYNT, a Mobile Commerce & Cryptocurrency Rewards Platform, Announces a Patent-Pending Application PAYMYNT Financial, a Greater Boston-based financial technology company, filed a patent application for its novel Universal Rewards System. PAYMYNT Rewards is an all-in-one mobile commerce platform with over 2,000 name-brand retail partners. “Today’s reward systems are fragmented and do little to benefit the consumer.” Michael Rosa said, CEO, PAYMYNT Financial. “Our universal rewards

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Ron Shevlin is the Managing Director of Fintech Research at Cornerstone Advisors.

News today that Ant Group’s  IPO is suddenly on hold in both Shanghai and Hong Kong caused a sell-off of Alibaba shares. This afternoon, equity in sister-company Alibaba is off around 8% in the wake of the delayed offering and news that Ant had run into regulatory issues with the Chinese government. Ant was spun out of Alibaba, which owns a

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The transforming retail space to grow digital payments market to be worth $154.1bn by 2025

The digital payment industry is set to grow to be worth $154.1bn by 2025, according to new research. Given the market is expected to be worth $79.3bn in 2020, that represents a compound annual growth rate of 14.2% over the next five years, according to MarketsAndMarkets. The growth is driven by two things: the transforming

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Cyberpion to boost sales and marketing with close of $8.25m seed round

Security platform Cyberpion has closed its seed round on $8.25m to help it increase its sales and marketing efforts. The investment capital will also be used to expand the product development efforts for its Ecosystem Security™ platform. Team8 Capital and Hyperwise Ventures co-led the investment. Cyberpion empowers security teams to identify and neutralise the rising

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