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BIS field study show AI use can boost productivity among programmers

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BIS field study show AI use can boost productivity among programmers

A Bank for International Settlements' field study on AI use by Ant Group programmers demontrated a clear boost in the number of lines of code produced by staff exposed to the Large Language Model.

Revolut doubles down on B2B market opportunity

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Revolut doubles down on B2B market opportunity

Revolut's head of business says the fintech is 'agressively doubling down" on the B2B market as annual revenues at the unit surpass $500 million.

Lloyds to use AI to automate trade finance checks

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Lloyds to use AI to automate trade finance checks

Lloyds Bank is to use AI technology from Cleareye to eliminate the manual drudgery of paper processing and compliance checking for trade finance documentation.

UAE payments fintech Ziina scores $22 million Series A

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UAE payments fintech Ziina scores $22 million Series A

UAE-based payments fintech Ziina has secured $22 million in a Series A funding round led by Altos Ventures, with participation from other top-tier investors including Fintech Collective, FJ Labs, Avenir Growth, Y Combinator, and Jabbar Internet Group.

Banks and technology firms unite to test corporate digital IDs

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Banks and technology firms unite to test corporate digital IDs

The UK Government-backed Centre for Finance, Innovation and Technology (CFIT) has teamed up with leading banks and technology firms to test digital verification as a means to combat spiralling levels of economic crime.

Fed governor Waller cool on interlinking fast payment systems

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Fed governor Waller cool on interlinking fast payment systems

Federal Reserve governor Christopher Waller has cautioned against the clamour to interlink national fast payment systems, insisting that the US is focused on building up its FedNow network domestically.

Goldman, Nomura tap Meta Llama AI models

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Goldman, Nomura tap Meta Llama AI models

Goldman Sachs and Nomura are among the companies using Meta's Llama open source artificial intelligence models.

Allica Bank enters bridging market with Tuscan acquisition

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Allica Bank enters bridging market with Tuscan acquisition

British SME challenger bank Allica has acquired bridging lender Tuscan Capital from Quilam Capital for an undisclosed fee.

FCA rules and slow approval times dent the UK's aspirations to become a global crypto hub

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FCA rules and slow approval times dent the UK's aspirations to become a global crypto hub

British ambitions to become a global crypto hub are being hindered by a conservative regulatory approach that has seen applications for registration by crypto firms drop by 51% over the past three years.

Summit Partners and Visa Equity put Trintech in the shop window

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Summit Partners and Visa Equity put Trintech in the shop window

Summit Partners and Vista Equity are sounding out investment bankers for a potential sale of financial software house Trintech.

Revolut signs global Visa Direct agreement for cross-border business transactions

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Revolut signs global Visa Direct agreement for cross-border business transactions

Revolut has teamed up with Visa to offer business customers instant card transfers for cross-border transactions.

DBS pilot blockchain-based programmable grant disbursements

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DBS pilot blockchain-based programmable grant disbursements

Singapore's DBS has completed a pilot using blockchain technology for programmable government grant disbursements to businesses.

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