January 2024 - Page 2

TLDR: The Tel Aviv District Court has ordered Mizrahi Tefahot Bank to transfer NIS 8 million from Roman Abramovich’s account to Israeli humanitarian organization ZAKA. This decision goes against the bank’s initial

The stability of the financial system is critically linked to banks’ risk profiles, business models, and asset concentration. A roundtable discussion hosted by Wharton’s Future of Finance Forum highlighted the challenges faced

TLDR: Investment banking could benefit from the use of generative artificial intelligence (AI) to simplify tasks and lighten workloads. Large language models could be used to process legal documents and compliance forms,

TLDR: This article discusses effective strategies for motivating and inspiring a fintech team. The key points highlighted include: Providing professional development opportunities to keep team members engaged and up-to-date with industry developments.

TLDR: NatWest, a UK-based bank, has launched an initiative to provide IP-backed finance to innovative companies. The scheme aims to support SMEs with valuable IP assets, offering them access to funding based

TLDR: IT services provider GFT Technologies has announced plans to acquire Colombian core banking vendor Sophos Solutions from private equity firm Advent International. GFT will gain 100% ownership of Sophos and will

TLDR: Ethereum co-founder, Vitalik Buterin, took to Twitter to share his thoughts on the recent surge in the popularity of non-fungible tokens (NFTs) Buterin expressed concerns about the environmental impact associated with

TLDR: Researchers have developed a new algorithm that can predict an individual’s risk of developing age-related macular degeneration (AMD). The algorithm takes into account various risk factors such as age, family history,

TLDR: Visa has launched the second cohort for its Africa FinTech Accelerator program, which aims to provide mentorship, training, and networking opportunities to startups in Africa. The program is open to seed

Torpago, Marqeta, and Sunwest Bank have launched the Sunwest Visionary Card Program, a commercial credit card and expense management solution. The program combines a cloud-native, event-driven infrastructure with Marqeta’s card issuing API