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Banking’s safest job? AI roles jump 13% amid layoffs

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Banking’s safest job? AI roles jump 13% amid layoffs

The world’s biggest banks increased their artificial intelligence headcount by 13% over the last six months, with one in every 50 banking employee now working in an AI-specific role, according to a study.

BNP Paribas aims for improved resilience with new IBM Cloud deal

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BNP Paribas aims for improved resilience with new IBM Cloud deal

BNP Paribas is to dedicate a new area in its data centres for IBM Cloud services as part of an effort to strengthen resilience and meet new laws under the EU's Digital Operational Resilience Act (Dora).

JPMorgan CISO: SaaS model enabling cyber attacks

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JPMorgan CISO: SaaS model enabling cyber attacks

The chief information security officer at JPMorgan Chase is calling on third party software providers to prioritise security over speed to market, warning that the shift to a SaaS delivery model is creating "substantial vulnerability".

Nacha: 80% of banks would reject clients if they processed cryptocurrency

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Nacha: 80% of banks would reject clients if they processed cryptocurrency

Smarter Faster Payments in New Orleans saw representatives from the Federal Reserve Bank, Citizens, EPCOR and Nacha come together to share their personal views on the potential of blockchain for cross-border transactions and financial inclusion - amid a need for better understanding of digital assets, as well as concerns around anonymity and regulatory uncertainty.

UK unveils draft crypto laws

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UK unveils draft crypto laws

The UK government has published draft legislation that will bring crypto firms into the regulatory perimeter.

Mastercard invests $300m in Corpay cross-border business

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Mastercard invests $300m in Corpay cross-border business

Mastercard is paying $300 million for a three per cent stake in the cross-border business of corporate payments outfit Corpay.

FCA to provide live AI testing service for financial firms

/wholesale

FCA to provide live AI testing service for financial firms

The Financial Conduct Authority is to launch a live AI testing service to help firm deploy safe and responsible artifical intelligence models.

London fintech Navro raises $41 million

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London fintech Navro raises $41 million

Navro, the London-headquartered fintech that simplifies international payments for businesses, has raised $41m in a Series-B funding round to jump start global expansion.

Corporate card firm Pliant snags $40 million in funding

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Corporate card firm Pliant snags $40 million in funding

Berlin-based corporate card platform Pliant has raised a $40 million Series B equity round to fuekl its expansion to the US.

Nacha and JP Morgan's Kinexys collaborate on account validation

/wholesale

Nacha and JP Morgan's Kinexys collaborate on account validation

US clearing house Nacha is working with JP Morgan's Kinexys blockchain business to facilitate information exchange between their respective payment information networks.

Flex accelerates consumer expansion through Maza acquisition

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Flex accelerates consumer expansion through Maza acquisition

Flex, a fintech that helps business owners automate their back offices, has acquired Maza a fintech app aimed at Spanish-speakers in a $40 million deal.

EU central banks explore synchronised settlement in FX

/wholesale

EU central banks explore synchronised settlement in FX

The Bank for International Settlements and its central bank partners have successfully demonstrated how wholesale payment infrastructures, such as RTGS systems, can interoperate with each other for FX transactions via new technologies, such as distributed ledgers.

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