fintech
The slowdown in funding activity during 2024 comes after a year so bad it was described as a "bloodbath" for fintech startups.
Cloud-based ChatGPT 3.5 turbo as the underlying model, with NeuralSeek-powered RAG in support.
The challenger bank has made big investments in tech and is committed to building its own native systems to own every part of its stack
90% of controls on one trading desk were manual and key processes including trade pricing were "conducted manually, predominantly, in Excel spreadsheets..."
Proposed changes for account onboarding front-load compliance burden, even as technology gets slicker...
Stored procedures in Sybase-based applications that have become a "humungous monster" do not make that easy. One banking multinational is testing the switch to MongoDB...
"The entire system is event-driven. Everything is on the public cloud and the things that have very high availability requirements are on multiple public clouds. You’re not lifting and shifting some other person's nasty 1980s software. This is all brand new microservice-based software."
Worldpay -- "a dozen payment M&A deals in a trenchcoat" -- will find a new home in the warm embrace of private equity after investment failings.
PayPal’s CEO Dan Schulman said white labelled payments processing is a “strategic imperative” for the payments company – and it will “primarily focus on enabling unbranded processing” moving forwards. The move will also give it richer datasets from merchants as it expands, which PayPal can in turn use to power