FinTech Magazine rounds up the leading stories from the past month ...
TIDE & ADYEN PARTNER TO LAUNCH BUSINESS ACCOUNTS IN GERMANY
One of the UK ’ s leading business financial platforms , Tide , has partnered with global payments provider Adyen to offer small and medium-sized businesses ( SMBs ) Tide business accounts – first in Germany before a further expansion in Europe .
The news comes after Tide announced its strategic entry into the German market in March .
TEMENOS LAUNCHES CORE BANKING RESPONSIBLE GEN AI SOLUTIONS
Temenos has launched its first Responsible Generative AI solutions for core banking . As part of its Gen AI-infused banking platform , these new solutions are designed to integrate with Temenos Core and Financial Crime Mitigation ( FCM ), helping banks revolutionise how they interact with their data to transform efficiency , operations and product management .
GLOBAL FINTECH SUMUP RAISES € 1.5BN IN PRIVATE CREDIT
In what is the largest private credit transactions seen in Europe for some years , global fintech SumUp has raised € 1.5bn ( US $ 1.6bn ) in a private credit round led by Goldman Sachs . The deal is a massive boost for SumUp , reaffirming market confidence in its growth prospects after solid revenue performances .
WIPRO & MICROSOFT TO LAUNCH GEN AI-POWERED VAS FOR FINSERV
Wipro , the leading technology services and a Top 10 consulting firm for financial services , has announced its collaboration with Microsoft to launch a suite of generative AI-powered cognitive assistants : Wipro GenAI Investor Intelligence , Wipro GenAI Investor Onboarding and Wipro GenAI Loan Origination .
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