Finastra

Financial technology firm Finastra has reached a $3.13 million settlement in a class action lawsuit stemming from a data breach. The agreement resolves claims brought by affected customers over the company's handling of sensitive personal and financial information. The deal awaits court approval, and details on compensation payouts have not yet been disclosed.

Financial technology firm Finastra has announced the launch of an AI-powered supply chain finance solution aimed at helping banks grow their working capital offerings. The product is designed to let lenders automate and scale supply chain finance services for corporate clients. News of the launch is circulating across financial technology trade coverage, with attention focused on how banks may adopt artificial intelligence to expand working capital business.