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Mizuho and IBM test Gen AI for IT incident response management

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Mizuho and IBM test Gen AI for IT incident response management

Mizuho Financial Group is testing a generative AI application from IBM to help speed up recovery time from IT outages.

Crypto bank Silvergate pays $63m to settle regulator charges

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Crypto bank Silvergate pays $63m to settle regulator charges

The parent company of crypto-focused bank Silvergate has agreed to pay $63 million to settle US regulatory charges about its anti-money laundering programme and the losses sustained during the collapse of FTX.

Paxos approved to issue stablecoins in Singapore

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Paxos approved to issue stablecoins in Singapore

Paxos has received full approval from the Monetary Authority of Singapore to offer Digital Payment Tokens and has lined up DBS Bank as its primary banking partner for cash management and custody of stablecoin reserves.

Ant Group acquires Dutch payments vendor MultiSafePay

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Ant Group acquires Dutch payments vendor MultiSafePay

China's Ant Group has acquired Dutch payments firm MultiSafepay as it expands further into Western markets.

Trade finance to play major role in $30 trillion tokenised assets market

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Trade finance to play major role in $30 trillion tokenised assets market

Demand for tokenised real-world assets could reach $30.1 trillion by 2034, with trade finance assets making up a significant part of the market, predicts a paper from Standard Chartered and Synpulse.

US RegTech Norm Ai raises $27 million

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US RegTech Norm Ai raises $27 million

Norm Ai, a US RegTech that has built an AI platform for converting regulations into computer code, has raised $27 million in Series A funding from a host of financial institutions.

Oxbury Bank reports first profitable year

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Oxbury Bank reports first profitable year

British AgTech bank Oxbury has reported a pre-tax profit of £3 million and is on target to reach £1 billion in lending in the coming months.

Google Ventures leads $18 million round in Climate X

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Google Ventures leads $18 million round in Climate X

Climate risk intelligence company Climate X has raised $18 million in a Series A investment round led by Google Ventures with support from by Pale blue dot, CommerzVentures, A/O, Blue Wire Capital, PT1, Unconventional Ventures and Western Technology Investment (WTI).

Payabli closes $20 million Series A

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Payabli closes $20 million Series A

Embedded payments platform Payabli has closed a $20 million Series A.

Central banks must raise game in face of AI - BIS

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Central banks must raise game in face of AI - BIS

Central banks should embrace artificial intelligence to sharpen their analytical tools in pursuit of financial and price stability, according to the Bank for International Settlements.

Chift raises seed funding to help SaaS companies build integrations

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Chift raises seed funding to help SaaS companies build integrations

Chift, a Belgian startup that helps SaaS companies integrate with other financial applications and tools via APIs, has raised €2.3 million in seed funding.

Funding Circle sells US business

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Funding Circle sells US business

Small business lender Funding Circle has reached an agreement with iBusiness Funding for the sale of its US operations in a £33 million all-cash deal.

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