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DeepOpinion Wins ADIB’s Generative AI Challenge
Abu Dhabi Islamic Bank (ADIB), through its innovation arm ADIB Ventures, partnered with the DIFC Innovation Hub to launch the Generative AI Innovation Challenge, aimed at revolutionizing banking through advanced AI solutions. The challenge sought global startups and tech innovators to present generative AI-driven products that could enhance banking services, optimize operations, and improve custom...
Date: Jan 08 2025
Source: https://fintechnews.ae/23630/abudhabi/adib-ai-challenge-banking-innovation/
Bank of England Launches Digital Pound Lab to Advance 'Britcoin' Initiative
The Bank of England has taken a significant step toward potentially introducing a digital pound, nicknamed 'Britcoin,' by establishing the Digital Pound Lab. This new initiative will operate within a sandbox environment, enabling the exploration of API functionality and the development of innovative use cases and business models for Payment Interface Providers (PIPs) and End-User Service Providers...
Date: Jan 15 2025
Intesa Sanpaolo Makes First Bitcoin Purchase
Italy’s largest bank, Intesa Sanpaolo, has entered the cryptocurrency market with its first bitcoin purchase, acquiring €1 million worth of the digital asset—equivalent to 11 bitcoins. The move, revealed through an internal memo and reported by Reuters, marks a cautious step into the crypto space. CEO Carlo Messina downplayed the purchase’s significance, describing it as a "test" and emph...
Date: Jan 14 2025
Source: https://www.finextra.com/newsarticle/45317/intesa-sanpaolo-buys-bitcoin
Dutch Payment Startup Klearly Secures €6 Million Seed Funding
Klearly, a Dutch fintech startup specializing in in-person payments, has raised €6 million in a seed funding round to fuel its expansion across Europe. Known as the preferred partner for major taxi companies in the Netherlands, Klearly replaces traditional bank-supplied hardware with technology that allows businesses to accept payments directly on their phones. Since its inception, Klearly has m...
Date: Jan 15 2025
Source: https://www.finextra.com/newsarticle/45304/tap-on-phone-startup-klearly-raises-6-million-seed-round
FinTech Futures Jobs: With return-to-office mandates on the rise, is it flexibility that fintech workers want?
The COVID-19 pandemic ushered in a remote work revolution, offering office-based employees benefits like reduced commutes, lower stress, and greater flexibility for personal and family commitments. Many workers thrived in this new environment, saving time and money while achieving better work-life balance. However, the landscape is shifting as companies increasingly demand a return to the office. ...
Date: Jan 14 2025
FinTech Futures Jobs: With return-to-office mandates on the rise, is it flexibility that fintech workers want?
The COVID-19 pandemic ushered in a remote work revolution, offering office-based employees benefits like reduced commutes, lower stress, and greater flexibility for personal and family commitments. Many workers thrived in this new environment, saving time and money while achieving better work-life balance. However, the landscape is shifting as companies increasingly demand a return to the office. ...