Peymo Ltd, a UK-based fintech innovator, has officially launched the world’s first AI-powered multi-hybrid digital bank. This revolutionary platform unifies fiat banking, crypto wallets, tokenised assets, and embedded finance into one seamless system, aimed at both individual users and enterprise clients. By blending AI and modular banking architecture, Peymo redefines what modern banking can look like.
The adoption of generative AI in financial crime detection remains limited, largely due to several key challenges. First, there is a natural reluctance within teams, driven by concerns about AI’s complexity, uncertainty about its practical benefits, and fears of job displacement. Additionally, legacy technologies pose a significant barrier. Many organizations still rely on outdated governance, risk, and compliance (GRC) systems that are costly to maintain and incompatible with modern AI solutions, making integration appear both daunting and expensive.
The landscape of digital payments is continuously evolving, with stablecoins emerging as a critical bridge between traditional finance and the crypto world. Wirex Pay, a pioneering stablecoin payment platform, is at the forefront of this revolution, and in a significant development, it has announced its expansion to the Stellar blockchain.
Vaulta, a global Web3 banking infrastructure leader, along with its flagship platform exSat, has entered into a strategic partnership with Fosun Wealth International Holdings Limited. This collaboration aims to revolutionize financial infrastructure in Hong Kong through blockchain innovation, regulatory compliance, and next-gen banking solutions.
Instant Financial, a leading fintech innovator in payments and earned wage access (EWA) for hourly workers, has announced a strategic partnership with AllianceHCM, one of the largest human capital management software providers in the U.S. This integration enables Instant’s digital tipping and instant pay solutions to serve over 10,000 restaurant locations and more than 200,000 restaurant employees via the AllianceHCM platform.
Clearwater Credit Union in Montana has partnered with Alkami Technology, a leading cloud-based digital banking solutions provider, to enhance its digital banking experience. This collaboration focuses on delivering member-centered interactions and personalized, data-driven communications to support members’ financial wellness.
Bankjoy, a leading digital banking provider, has announced the launch of JoyCompass, a next-generation personal finance platform designed to help community financial institutions (CFIs) deepen client engagement and drive growth. The announcement was made at the Corelation Customer Conference in San Diego, spotlighting the platform’s powerful capabilities in advancing financial wellness in the digital age.
CorServ, a provider of comprehensive card program solutions for banks and fintechs, has announced a strategic partnership with First Business Bank. This collaboration aims to modernize the bank’s credit card offerings, enhance customer service, and give the bank greater control through CorServ’s hybrid issuing model.
EQB Inc., the parent company of Equitable Bank Canada’s Challenger Bank™ has officially opened its new national headquarters, the EQ Bank Tower, at 25 Ontario Street in Toronto. This move underscores the bank’s sustained growth, forward-looking vision, and investment in redefining Canadian banking.
Sarp Demiray, CEO of European Merchant Bank (EMBank), is calling on the banking industry to rethink its approach to customer service. In his recent LinkedIn Pulse article titled “Are You Being Served? AI, Customer Service, and the Quality of Banking,” Demiray outlines the long-standing gaps in service quality and warns against overreliance on technology without empathy.
