January 2024

TLDR: A former city official has been sentenced to 18 months in prison for his role in concealing a multimillion-dollar embezzlement scheme that led to the collapse of Washington Federal Bank for

Tradewind Finance has announced funding for two new clients within the apparel and textile market. The company has provided a €3m credit facility for a German company trading in polyester fibers and

TLDR: – DirectBooks, a fintech platform that aims to improve primary market communications, has secured a strategic investment from Mizuho Americas. – Mizuho Americas will join DirectBooks’ board of directors and collaborate

TLDR: Fraud is becoming increasingly challenging to combat due to the emergence of Generative AI (Gen AI), which allows fraudsters to create fake identities and clone voices. The Association of Certified Fraud

Zuto, a car finance marketplace, has recognized the potential of AI while also understanding the importance of customer service. They have found that AI can be used to enhance customer interactions, automate

Nirvana Insurance has chosen Ascend’s financial operations automation platform to improve its direct bill processing capabilities. The collaboration will enable Nirvana to streamline the payment cycle and modernise billing experiences for agents

The 2024 budget on February 1 is a mere vote on account but the banking and fintech sectors are ready for some reforms and announcements. Budget 2024: Tomorrow, Finance Minister Sitharaman will

Standard Chartered has officially launched its banking operations in Egypt after receiving approval from the Central Bank of Egypt. The move is in line with the bank’s commitment to promoting economic development

TLDR: Fintech startup SalarySe has raised $5.25 million in seed funding to develop its financial management application, which uses the Credit-on-UPI system to assist salaried employees. The funding round was led by

TLDR: The Consumer Financial Protection Bureau (CFPB) released a proposal that would limit overdraft fees charged by large banks. The rule would require banks with over $10 billion in assets to charge