/ai
As firms integrate more advanced AI-based analysis into their core trading and investment activities, regulators need to vigilant about potential financial stability risks, the Bank of England's Financial Policy Committee warns.
21 mins
Lloyds Banking Group is building a new machine learning (ML) and Generative AI (GenAI) platform using Google Cloud’s Vertex AI.
/payments
UK-based fintechs Wise and Revolut are both doubling down in India, with the former building a hub in Hyderabad that will employ hundreds of new and the latter securing a license to issue prepaid cards and wallets in the country.
/crypto
Swiss blockchain startup Taurus has rounded up 35 banks for the launch of its interbank network for digital assets.
/markets
TransFicc, a London-based provider of low-latency connectivity and workflow services for fixed income and derivatives markets, has raised $25 million in Series B investment led by Citadel Securities.
Cryptocurrency exchange Kraken is working with Mastercard to allow customers in the UK and Europe to spend their crypto at over 150 million merchants worldwide.
3 hours
The US Department of Justice is disbanding its national cryptocurrency enforcement team.
11 hours
/regulation
The Financial Conduct Authority has unveiled plans to make it easier for firms to test innovative products and to support new firms applying for regulatory approval as part of its work programme for 2025-2026.
14 hours
Revolut has been fined €3.5 million by the central bank of Lithuania for deficiencies in its anti-money laundering controls.
/security
The Monetary Authority of Singapore is investigating a ransomware attack on Toppan Next Tech, a vendor responsible for printing customer statements for DBS Bank and Bank of China (BoC) in Singapore, which exposed the personal data of thousands of customers.
15 hours
UK-based decentralised payments platform Ryft has raised £5.7 million in Series A funding to help acquiring banks take on industry giants Stripe Connect and Adyen.
16 hours
DailyPay has sued New York Attorney General Letitia James over efforts to apply usury laws to the earned wage access sector.
09 April 2025
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