Latest news headlines: Finextra Research

Nevis raises $35m to build AI for wealth management

Nevis, a startup founded by former Revolut executives, has raised $35 million in Series A funding to build an AI platform for wealth management.

2 hours

/payments

South Korea's NH NongHyup Bank pilots blockchain-based cross-border payments

South Korea's NH NongHyup Bank has carried out a blockchain-based cross-border payments pilot via bank-backed vendor Partior’s platform.

2 hours

/crypto

Sony plans USD stablecoin

Sony Bank is planning to issue a dollar-pegged stablecoin that can be used to pay for Sony content such as games and movies.

2 hours

/startups

NatWest buys stake in SME finance fintech Bourn

NatWest is buying a minority stake in Bourn, a London-bases small business financing fintech, according to Sky News.

7 hours

/ai

Visa and AWS join forces on agentic commerce

Visa is bringing its Intelligence Commerce platform to AWS Marketplace in a move designed to make it easier for developers and enterprises to deploy agentic AI commerce options.

9 hours

/payments

Payments fintech Sokin raises $50m

UK B2B cross-border payments outfit Sokin is targeting international growth after securing $50 million in Series B funding led by Prysm Capital.

13 hours

/security

Santander creates fake AI-generated social media ads to warn consumers of increased risk

As Generative AI gives fraudsters more ways to scam victims, Santander has produced fake AI-generated social media adverts of popular Christmas gifts to to show just how realistic the bogus adverts can be, whilst helping Brits spot the tell-tale signs.

14 hours

/sustainable

FCA aims to rebuild trust in ESG ratings

The UK's Financial Conduct Authority has set out proposals to rebuild trust in ESG ratings with the introduction of new rules governing transparency and governance.

14 hours

/ai

HSBC to adopt Mistral AI foundational models across the bank

HSBC has signed a multi-year deal with Mistral AI to accelerate the use of generative artificial intelligence across the bank.

16 hours

/payments

Wise enters Africa

Global money movement firm Wise has received its first regulatory licence in Africa, securing conditional approval from the South African Reserve Bank (Sarb) to operate as a Category 2 Authorised Dealer in Foreign Exchange with Limited Authority (ADLA)

17 hours