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UK fintech investment hits four-year low

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UK fintech investment hits four-year low

A combination of geopolitical uncertainty, high inflation and low interest rates has seen investment in the UK's fintech industry slump to its lowest level since 2020.

Treasury management fintech Embat buys Necto

/ai

Treasury management fintech Embat buys Necto

Madrid-based treasury management startup Embat has acquired Necto, a US bank API connectivity specialist. Financial terms were not disclosed.

DBS to shrink workforce by 10%

/ai

DBS to shrink workforce by 10%

Singapore's DBS Group expects to dispense with 4000 contract and temporary emloyees over the next three years as AI takes centre stage.

Crunchbase declares historical data dead; relaunches as AI-powered predictions engine

/ai

Crunchbase declares historical data dead; relaunches as AI-powered predictions engine

Crunchbase is getting an AI-powered makeover, moving away from historical company data towards predictive intelligence that it says will help users forecast with unerring accuracy how private firms are set to grow, what their funding rounds will look like, and future acquisitions.

Compliance professionals split over value of AI

/ai

Compliance professionals split over value of AI

Growing levels of financial crime and regulatory scrutiny are forcing organisations to step up spending on compliance, but they are less sold on AI as the standalone solution, according to a global survey of risk and compliance officers by LSEG Risk Intelligence.

Mastercard and Feedzai form scam-fighting pact

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Mastercard and Feedzai form scam-fighting pact

Mastercard has joined forces with financial crime prevention specialist Feedzai to help banks tackle the next generation of AI-powered scams.

CaixaBank sets out €5 billion technology roadmap

/ai

CaixaBank sets out €5 billion technology roadmap

Spain's CaixaBank has laid out a two-year, €5 billion technology roadmap that will seek to put generative AI at the centre of the bank's operations.

SRA Watchtower raises $4 million for AI-powered risk intelligence

/ai

SRA Watchtower raises $4 million for AI-powered risk intelligence

SRA Watchtower, an SaaS provider of AI-powered risk management and financial insight technology, has secured $4 million in funding.

BBVA virtual assistant gets AI-powered account and card management features

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BBVA virtual assistant gets AI-powered account and card management features

BBVA has revamped its personal virtual assistant, adding AI-powered account and card management features.

Mastercard launches AI-powered AML service in Asia Pacific

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Mastercard launches AI-powered AML service in Asia Pacific

Mastercard has launched a service in Asia Pacific, called Trace, that uses AI to identify and prevent money laundering and financial crime.

NextGen Nordics 2025 agenda to cover DORA, VoP, CBDC, instant payments, fraud, and GenAI

/ai

NextGen Nordics 2025 agenda to cover DORA, VoP, CBDC, instant payments, fraud, and GenAI

Give the future of payments the green light at the Münchenbryggeriet in Stockholm, Sweden on 29 April 2025 where the stage will be set for a transformative shift in financial services. NextGen Nordics will gather core decision-makers, stakeholders, and experts within the payments sector to focus on digital resilience, advanced technologies, regulatory frameworks, and set a course of action for the financial ecosystem of tomorrow.

Stripe alumni raise $6m for AI-powered 'wealthcare'

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Stripe alumni raise $6m for AI-powered 'wealthcare'

Era, an AI-powered personal wealth management startup founded by Stripe alumni, has raised $6.2 million in seed funding co-led by MaC Venture Capital, Third Kind Venture Capital, and Protagonist.

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