Author: Admin

The Supreme Court struck down most of the Trump administration’s tariffs, but uncertainty remains for store chains.

Cloud-native core banking provider 10x Banking has partnered with South African digital banking platform HassemPrag. The collaboration aims to provide African financial institutions with a de-risked path to replacing legacy core technology.Addressing regional pressuresBanks across the African continent are currently navigating mounting pressures from evolving local regulations, rising fintech competition, and the spiralling costs associated with maintaining legacy systems. Consequently, investments in core infrastructure are surging, with the core banking software market in the Middle East and Africa projected to reach US$2.2billion by 2030.To address these pain points, the joint proposition combines 10x Banking’s cloud-native infrastructure with HassemPrag’s regional expertise…

Free NewsletterGet the hottest Fintech Singapore News once a month in your InboxSumsub has launched Summy, a large language model-based AI Copilot embedded across its platform to support compliance officers, risk managers and fraud investigators.The tool allows users to query case data in plain language and generate audit-ready outputs grounded in Sumsub data within existing workflows.It builds on Summy’s earlier role as an AI assistant introduced last year in the company’s Case Management solution and now extends across broader compliance and fraud processes.The release comes as fraud grows more sophisticated. Sumsub’s Identity Fraud Report 2025–2026 found that multi-step, resource-intensive AI-driven…

Sunset scene of light trails traffic speeds through an intersection in Gangnam center business district of Seoul at Seoul city, South KoreaMongkol Chuewong | Moment | Getty ImagesAsia-Pacific markets rose Monday amid tariff uncertainty as U.S. President Donald Trump announced over the weekend that he would increase global tariffs to 15% from 10%.The move came on the heels of a U.S. Supreme Court decision striking down a broad swath of the president’s trade agenda enacted under the International Emergency Economic Powers Act of 1977, or IEEPA.That said, U.S. trading partners are not off the hook, said Rystad Energy’s chief economist Claudio…

Aspida CTO Jason Pedone argues insurers must modernize infrastructure—not just add AI—to enable modular, compliant, and sustainable technology in insurance.  Jason Pedone is CTO at Aspida.     Discover top fintech news and events! Subscribe to FinTech Weekly’s newsletter Read by executives at JP Morgan, Coinbase, Blackrock, Klarna and more     The push to adopt AI in insurance is accelerating, but many organizations are modernizing the wrong layer of their technology stack. As regulatory expectations evolve and AI use cases expand, insurers are under pressure to move fast. Too often, that urgency leads to decisions that create short-term momentum…

Wall Street broker Clear Street cancels U.S. IPO plans amid market volatility and fintech sector weakness, reflecting renewed pressure on listings sentiment.    Discover top fintech news and events! Subscribe to FinTech Weekly’s newsletter Read by executives at JP Morgan, Coinbase, Blackrock, Klarna and more       Clear Street Withdraws IPO as AI Fears Hit Listings Market The fragile recovery in U.S. public listings has taken another setback. Clear Street, a Wall Street brokerage firm founded in 2018, has withdrawn plans for a U.S. initial public offering after delaying the deal only a week earlier, underscoring how market volatility…

Analysis-Supreme Court checks Trump’s expansive view of executive power

If you’re trying to get into New York City on Monday, unless it’s essential, you’re probably better off hunkering down at home.

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The Conservatives should do more to win back voters who have drifted left or disengaged from politics and not just focus on the threat of Reform UK, according to analysis released by a new centre-right movement in the party.Polling analysis released by Prosper UK on Monday shows that in more than 85 per cent of seats lost by the Tories in 2024, the bigger challenge is not Reform but winning back voters who are now undecided or have moved to Labour, the…

On the subject of student debts (Student debt is a generational injustice. Why are we squeezing graduates harder than the super-rich?, 16 February), Gaby Hinsliff writes: “If the government has better options, then let’s hear them sooner rather than later.” Any better option must address the problem that the courses that universities offer – brilliant though they mostly are – aren’t what the economy needs and so aren’t maximising returns.Universities are funded to offer the courses students want to study, not what society and employers value most. Understandably, young people pursue choices based on their ambitions rather than the national interest.…