Latest news headlines: Finextra Research

Barclays suffers major app outage on pay day

Barclays has been hit by an IT problem that has left some customers unable to access their accounts online or through the app.

31 January 2025

/ai

EU AI Act: Unacceptable risk provisions take effect

The European Union Artificial Intelligence Act (EU AI Act) entered into force on 1 August 2024, marking a historic moment as the world’s first comprehensive legislation regulating AI systems according to a risk-based approach.

31 January 2025

/markets

Emirates NBD's Deniz Ventures, Rasmal Ventures provide Mena securitisation innovation $7.6m boost

The world's first AI-powered securitisation platform, TeamSec, aims to transform the structured finance industry through a securitisation-as-a-service platform.

31 January 2025

/people

US Bancorp elects Gunjan Kedia as CEO

President of US Bancorp, Gunjan Kedia will become CEO on 15 April, taking over from company chairman and CEO Andy Cecere.

31 January 2025

/wealth

Robinhood helping UK investors gain easier access to US markets

Investors across the world want ease and access to the best, most rewarding investments without encountering too many obstacles. Except, for the UK investor, access to US markets can come with a host of complications. Robinhood, an American trading and investment app, sought to solve that.

31 January 2025

/retail

UK fintech jobs market booms

The UK fintech sector experienced a 44% surge in job vacancies in 2024, driven by venture capital investment and AI, according to a report for recruiter Morgan McKinley.

31 January 2025

/people

Lloyds appoints head of responsible AI

Llloyds Banking Group has reacted to the growing pressure on banks to build safeguards around their deployment of artifical intelligence tools by appointing Magdalena Lis as head of 'responsible' AI.

31 January 2025

/crypto

Kraken launches crypto payments service

Crypto exchange Kraken has launched a payments service that lets users send more than 300 different fiat and digital currencies to friends and family.

31 January 2025

/people

Starling boss raids former firm Ovo for new COO

Starling Bank chief Raman Bhatia has returned to his former firm Ovo Energy to poach Joe Gordon as chief operating officer.

31 January 2025

/regulation

CFPB orders Wise to pay over $2m

Money transfer platform Wise has been hit with a $2.025 million penalty from the Consumer Financial Protection Bureau (CFPB) for misleading customers about fees and charges.

30 January 2025