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Klarna and JPMorgan Payments partner to expand BNPL services for merchants


Swedish BNPL giant Klarna has struck a new deal with JPMorgan Payments to see its flexible financing solutions integrated into JPMorgan Payments’ merchant services. The partnership aims to broaden the accessibility of Klarna’s payment options, including its interest-free BNPL solution, according to Finextra. This move is expected to provide merchants with a wider array of payment

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BIS guides central banks on balancing AI innovation with risk management


In its latest report, the BIS addresses the burgeoning role of AI in central banking, underscoring the critical balance between promoting innovation and managing associated risks. The report outlines key strategies for central banks to safely incorporate AI technologies within their operational frameworks, according to ABA Banking Journal. Central to BIS’s guidance is the establishment

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Moneyhub and Money Squirrel partner to enhance Open Banking for SMEs


Moneyhub, a leading data, intelligence, and payments company specialising in Open Banking, Open Finance, and Open Data solutions, has partnered with Money Squirrel, an emerging FinTech focused on financial management for small businesses. The collaboration aims to power Money Squirrel’s recently launched app, designed to help SMEs automate savings and manage VAT payments efficiently. The

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Swan raises €42m to accelerate embedded banking adoption across Europe


Swan, a company specialising in embedded banking, has raised €42m in a Series B funding round. The funding will support Swan’s mission to make embedded banking the standard across Europe. The company believes the industry is undergoing a major transformation, where financial services are becoming a key part of everyday business tools rather than standalone

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SoftBank to invest $500M in robotics startup SkildAI


SoftBank is negotiating a $500 million investment in Skild AI, a software company building a foundational model for robotics at a $4 billion valuation, Bloomberg and Financial Times reported. The two-year-old company raised its previous funding round of $300 million at a $1.5 billion valuation last July from investors including Jeff Bezos, Lightspeed Venture Partners,

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Highnote clinches $90m in Series B to revolutionise U.S. merchant acquiring


Highnote has recently announced the closure of a $90m Series B coupled with the launch of its new merchant acquiring solution. The financing was spearheaded by Adams Street Partners and saw contributions from existing backers such as Oak HC/FT, Costanoa, WestCap, and Pinegrove Venture Partners. The company, known for its innovative financial technology solutions, operates

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Netradyne Raises $90 Million in Series D Funding Led by Point72 Private Investments


Netradyne, an industry-leading SaaS provider of artificial intelligence (AI) and edge computing, announced the close of a $90 million Series D round led by Point72 Private Investments with participation from Qualcomm Ventures and Pavilion Capital. The capital infusion will accelerate the company’s growth trajectory through strategic investment in R&D, enhanced go-to-market investments, and aggressive global

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VeriPark Partners with Leading Canadian Financial Institutions Coalition to Redefine Digital Banking


VeriPark, a global leader in omnichannel customer experience solutions for financial services, has partnered with a coalition of leading Canadian credit unions and financial institutions, including First West Credit Union, Prospera Credit Union, DUCA Credit Union, and Coastal Community Credit Union, Together, the coalition aims to drive innovation, enhance member experiences, and empower institutions in

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AIsa launches revolutionary payment network for the AI economy


AIsa, a cutting-edge FinTech company specialising in AI-focused payment infrastructure, has announced the launch of its revolutionary payment network tailored to meet the specific needs of the AI economy. The launch addresses the growing demand for payment systems capable of handling the unique requirements of AI agents, according to FF News. Traditional payment systems, originally

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Ethos and Protective Life partner to simplify term life insurance with cutting-edge technology


Ethos, a leading provider of cutting-edge InsurTech solutions, has announced a strategic partnership with Protective Life Corporation and its subsidiary Protective Life Insurance Company, collectively referred to as Protective. The partnership will enable Protective to offer its proprietary term life insurance directly to consumers via Ethos’ advanced digital platform, according to FF News. The collaboration

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Wisedocs bags $4.5m from CIBC to streamline insurance claim reviews with AI


Wisedocs, an innovative leader in the InsurTech sector, recently received a significant financial boost. CIBC Innovation Banking has extended $4.5m CAD in growth capital financing. This move is designed to support Wisedocs in broadening its client base and enhancing its product offerings. The company, renowned for its artificial intelligence (AI) software platform, offers streamlined solutions