FTS Daily Roundup starts today! We are covering the top updates from around the world. The updates will feature state-of-the-art capabilities in Fintech insights, Trending fintech news, Crypto, Fintech SaaS, Fintech Cloud, Analytics and AI ML. We will cover the role of FTS Daily Roundup and its application in various industries and daily.
Snab, A Spanish Cash Management Startup Raises €1.1 Million
Gorka Aguirre, CEO and co-founder of Snab, comments: “Snab was created to help companies to digitize, eliminate manual processes and save time for the employees of these companies in the area of finance and treasury. The support of national and international investors of this huge size reinforces our vision and our conviction that Snab is the solution to these difficulties faced by thousands of companies in our country and globally.”
Ransomware Attack Knocks Out ION Servers
Few brokers have resorted to manual workarounds to deal with the issue, which has the potential to impact margin calls, the valuation attached to portfolios and regulatory reporting of large market positions. ION has been hit by a cyber attack that knocked out servers dealing with cleared derivatives, sparking trade reporting and maching problems for brokers and rival processing services. The attack affected 42 of ION’s clients and was conducted by Russian ransomware gang, Lockbit.
PayBito Integrates ChatGPT, Powered by OpenAI Technology
The international digital asset exchange remains steadfast in its commitment to be at the global forefront in terms of technological innovation. PayBito announced the incorporation of the AI tool ChatGPT powered by OpenAI in their crypto exchange platform.
Global Web3 Payments Leader, Banxa, Announces Integration With Metis To Usher In Next Wave of Cryptocurrency Users
Banxa, the world’s first listed cryptocurrency payment gateway provider, today announced its integration with Metis, an organization committed to building a robust and decentralized layer 2 infrastructure to empower the web3 economy. Banxa’s fiat-to-crypto on-and-off ramp will enable Metis’ user base to benefit from Banxa’s enhanced payment methods and banking options capabilities.
Splash Financial Partners With FairPlay to Ensure the Fairness of Its Student and Personal Loans
FairPlay, the world’s first Fairness-as-a-Service company, is announcing a new customer relationship with Splash Financial, the online lending platform that democratizes access to loan offers. As a new customer, Splash is using FairPlay to ensure the fairness of the underwriting and pricing algorithms that power its Student and Personal loan programs.