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Citi boss Jane Fraser says 2 AI races will decide banking’s future

Artificial Intelligence, Digital Marketing, Finance, Fintech and ecommerce, Next Featured, SEO Tips, Technology /

Citigroup chief executive Jane Fraser says the financial sector is running two AI races at once, she told the South China Morning Post. The first is applying AI to business models to drive revenue growth, shortening product development cycles and improving customer service. The second race is defensive. Fraser said Citi’s job is to keep the […]

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Starling Bank cuts 130 jobs as it bets on AI and looks beyond the UK

Digital Marketing, Finance, Fintech and ecommerce, Future of work, SEO Tips, Technology /

Starling Bank is cutting around 130 jobs, roughly 3% of its 4,000-strong workforce, as the London-based neobank restructures its banking and technology operations. Staff were told this week that the changes were intended to simplify how the company operates, reduce duplication, and accelerate product delivery. The cuts come as Starling pushes AI deeper into its […]

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China is rewriting e-commerce law to tighten platform rules at home and shield its companies abroad

China, Digital Marketing, Fintech and ecommerce, Government and policy, SEO Tips, Technology /

China released draft amendments to its e-commerce law on Saturday, proposing 20 provisions that would expand the law’s reach beyond platforms and merchants to cover a wider range of participants in the digital economy. The proposal, jointly issued by the State Administration for Market Regulation and the Ministry of Commerce, is open for public consultation until 4 […]

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Germany’s most conservative banks are about to let millions of customers buy Bitcoin

blockchain, Digital Marketing, Europe, Finance, Fintech and ecommerce, SEO Tips, Technology /

Germany’s cooperative banks and savings banks, the local institutions that handle mortgages, current accounts, and small business loans for tens of millions of customers, are rolling out their own cryptocurrency trading services. The move will bring digital asset trading to a population that could barely be persuaded to use credit cards a decade ago. Some of […]

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Palmer Luckey’s Erebor bank eyes an $8bn valuation as deposits quadruple

Business, Defence, Digital Marketing, Fintech and ecommerce, Investors and funding, SEO Tips, Technology, United States /

A bank that barely existed a year ago is now chasing a valuation most European lenders can only dream of. Erebor was founded by Anduril’s Palmer Luckey and backed by Peter Thiel. It is in talks to raise at a valuation of at least $8bn, and its deposits have almost quadrupled in three months. That […]

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London’s MDOTM raises $27M to put AI inside wealth managers

Artificial Intelligence, Business, Digital Marketing, Europe, Fintech and ecommerce, SEO Tips, Startups and technology, Technology /

The buzziest corner of finance AI is not the trading desk. It is the dull middle office, where staff keep thousands of portfolios in line with spreadsheets. A London-founded startup just raised $27mn to automate exactly that. The company is MDOTM. It has closed a $27mn growth-equity round led by Expedition Growth Capital, it said. […]

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Cross-border payroll runs on $200B and zero shared infrastructure

Business, Digital Marketing, Fintech and ecommerce, Future of work, Investors and funding, SEO Tips, Technology /

Every year, more than $200 billion in employer-originated wages crosses international borders. The money moves through a patchwork of local banks, regional payroll vendors, and manual compliance processes. Anyone who managed international payments in 2005 would recognise the setup. The scale has changed. The plumbing has not. This is not a minor inefficiency. It is […]

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AI shopping just beat search at its own game on Prime Day

Amazon, Artificial Intelligence, Digital Marketing, Fintech and ecommerce, Google, SEO Tips, Technology, United States /

Amazon built Prime Day to keep shoppers inside its own marketplace. This year, AI shopping sent its best customers in from outside: a chatbot made the recommendation. US shoppers spent a record $26.4bn across retail sites during the four-day Prime Day event, according to Adobe Analytics. The more interesting number is not the total. It […]

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Google’s GV bets $30M on a stock exchange for space

Digital Marketing, Fintech and ecommerce, Investors and funding, SEO Tips, Space, Startups and technology, Technology, United States /

The space industry can build rockets. Moving money around them is the hard part. A new startup called Nebex wants to fix that, and Google’s venture arm is backing it with $30mn. GV, formerly Google Ventures, led the seed round, Bloomberg reported. Nebex also opened a banking relationship with JP Morgan. The company is the […]

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India’s payments chief says AI will drive UPI from 750 million to a billion daily transactions

Artificial Intelligence, Digital Marketing, Fintech and ecommerce, India, Next Featured, SEO Tips, Technology /

India’s Unified Payment Interface has grown to over 750 million daily transactions, and the head of the body that oversees it says AI will be central to reaching a billion. Dilip Asbe, MD and CEO of the National Payments Corporation of India, told TechCrunch at Mumbai Tech Week that AI could drive the next half […]

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