Latest news headlines: Finextra Research

Tisa calls on UK regulators to clamp down on AI search engines

The Investing and Savings Alliance (Tisa) is calling on UK regulators to protect consumers from the ‘wild west’ of AI search engines.

14 April 2025

/retail

BaaS platform BKN301 completes £18.6 million Series B

BKN301, a digital payments and Banking-as-a-Service startup, has raised £18.6 million to support international expansion and strategic acquisitions.

14 April 2025

/ai

Nate founder charged with fraud over 'AI' shopping app secretly powered by humans

The founder of an AI-based tool for automating online shopping checkouts has been charged with defrauding investors over claims that the process was actually carried out by human workers in the Philippines.

14 April 2025

/crypto

Standard Chartered and crypto exchange OKX launch collateral mirroring programme

Standard Chartered is working with crypto exchange OKX on a collateral mirroring programme, enabling institutional clients to utilise cryptocurrencies and tokenised money market funds as off-exchange collateral for trading.

14 April 2025

/people

Nikhil Rathi reappointed as FCA CEO

UK Chancellor Rachel Reeves has confirmed that Nikhil Rathi has been reappointed as chief executive of the Financial Conduct Authority (FCA), extending his term until 2030.

11 April 2025

/wealth

Northern Trust: 21% of private market investors allocate to crypto and digital assets

In a global survey of 180 institutional plans with investment portfolios ranging from $1 billion to over $500 billion, Northern Trust gathered responses from senior leaders at pension funds, outsourced chief financial officers and multi-managers, family offices, sovereign wealth funds, endowments, and other institutions across the Americas, Emea and Apac.

11 April 2025

/crypto

Bitcoin now accepted for day and boarding school Lomond fees

Lomond School has become the first UK school to accept bitcoin for school fees, partnering with providers CoinCorner and Musquet.

11 April 2025

/wealth

EToro to launch UK and Europe stock lending programme

In order to identify borrowers and facilitate the stock lending process, eToro will partner with BNY, which will act as the custodian, and stock lending platform EquiLend. This stock lending launch showcases how eToro is currently leveraging BNY’s global clearing platform, offering integrated solutions across US and international clearing, custody, settlement, execution, and financing.

11 April 2025

/crime

Tackling fraud: Learn how to build smarter defences at NextGen Nordics

As real-time payments gain momentum, financial institutions are faced with attempting to deliver seamless digital payment experiences while also mitigating against sophisticated fraudsters. This year’s NextGen Nordics event at the Münchenbryggeriet in Stockholm, Sweden, on 29 April 2025, will spotlight how the industry is redefining fraud prevention in the era of instant payments.

11 April 2025

/regulation

Block to pay $40m penalty for AML failures

Block will pay a $40 million penalty to New York regulators for "significant failures" in anti-money laundering programme and virtual currency compliance failures on its Cash App platform.

11 April 2025

/regulation

House of Representatives kills CFPB oversight of Big Tech payment apps

The US House of Representatives has followed the Senate in voting to overturn a Consumer Financial Protection Bureau rule that would give the watchdog oversight of tech giants such as Apple, Google and X, that offer digital payment apps and wallets.

10 April 2025

/people

Anthropic hires former Stripe exec Guillaume Princen to lead European expansion

AI coding platform Anthropic has hired Guillaume Princen, the architect behind Stripe's European operations, as head of Emea, as the firm prepares to hire 100 new staff for a push into Europe.

10 April 2025