The landscape of payments fraud is undergoing a shift as traditional detection methods become increasingly inadequate against sophisticated fraud schemes. Conventional rules-based systems, relying on static rules and predefined patterns, are falling short in adapting to the dynamic tactics of modern fraudsters. Enter generative artificial...
Dutch neobank Bunq is reportedly aiming to return to the U.K. Founder and CEO Ali Nikham told CNBC in a report published Monday (June 3) that the company is hoping to obtain a banking license from British regulators. “I hope we’ll get somewhere by the end of the year, maybe early...
European neobank Bunq’s shareholders signed a commitment letter in March to provide 29 million euros (about $31 million) of capital to finance the company’s growth. The new commitment followed the majority shareholder’s injection of 125 million euros (about $133 million) up to December, Bunq said in...
The banking industry is undergoing a transformative shift fueled by advanced artificial intelligence technology, transforming financial chatbots into adept problem-solvers along the way. According to insights from PYMNTS Intelligence’s “August Embedded Finance Tracker® Series Report,” the integration of AI has led to a 65% increase...
August 08, 2024
The landscape of payments fraud is undergoing a shift as traditional detection methods become increasingly inadequate against sophisticated fraud schemes. Conventional rules-based systems, relying on static rules and predefined patterns, are falling short in adapting to the dynamic tactics of modern fraudsters. Enter generative artificial intelligence, a technology that promises to redefine fraud detection by […]
October 19, 2022
As European consumers look to mitigate against continent-wide inflationary pressure, many are tightening their purse strings ahead of what may be a difficult winter. Across the continent, soaring food and...
March 02, 2022
The emergence of challenger banks over the past decade has not only given consumers more choice, but it’s also fundamentally reshaped the financial ecosystem and driven incumbents to innovate. And...
May 29, 2020
Financial institutions (FIs) have been adapting their platforms and technologies to better suit the needs of more digital consumers for decades, but the coronavirus has placed new importance and pressure...
September 12, 2024
Dutch neobank Bunq is reportedly launching a hiring spree as it aims to expand. The company’s chief executive told CNBC in a report posted Thursday (Sept. 13) that Bunq plans to expand its staffing levels by 72% this year, from 427 employees to 735, as it prepares to move beyond its European Union roots to the U.K. and U.S. […]
June 03, 2024
Dutch neobank Bunq is reportedly aiming to return to the U.K. Founder and CEO Ali Nikham told CNBC in a report published Monday (June 3) that the company is hoping to obtain a banking license from...
April 12, 2024
European neobank Bunq’s shareholders signed a commitment letter in March to provide 29 million euros (about $31 million) of capital to finance the company’s growth. The new commitment followed the majority...
July 24, 2023
European neobank bunq has closed a 44.5-million-euro (about $49 million) funding round that brings its total capital raised this year to nearly 100 million euros (about $111 million). With this latest injection...
