With the majority of the region's debt collection being handled by small, provincial agencies, the process in Southeast Asian markets is still mostly manual. Digital debt collector AsiaCollect is hoping to change that. Based in Singapore, AsiaCollect unveiled a standalone, AI-based platform called SmartAgent, which it plans to roll out in India in the coming ...Read More

Two of the biggest M&A deals in fintech history occurred in the past three months: Fiserv Inc's $22 billion purchase of First Data Corporation and Fidelity National Information Services's acquisition of Worldpay for $34 billion. While no such mega-deal has occurred so far in April, the last two weeks have already witnessed a plethora of ...Read More

Goldman Sachs recently announced plans to hire more women and people of color. The bank wants to increase its representation in entry-level analysts and associates in the Americas to 50% for women, 11% for black employees and 14% for Latino employees, based on an email to employees from CEO David Solomon, President John Waldron and ...Read More

Eight large U.S. credit unions are testing a blockchain-based digital credential system in different pilots ranging from mobile banking to voice banking and even call centers to improve customer experience, Bank Innovation has learned. This blockchain-based digital credential system is called MyCUID. It was created and issued by CULedger, a credit union service organization (CUSO) ...Read More

Online payroll company Gusto is scaling its security team, starting with the appointment of Square's former head of information security, Fredrick Lee, as its chief security officer. The move comes as Gusto lays the foundation for a potential initial public offering (IPO). "With hiring Lee, we are taking another step towards a likely IPO three ...Read More