/ai
Financial crime prevention platform Themis has raised £7.25 million in scale-up funding.
12 December 2024
/regulation
EBA Clearing has launched a Sepa-wide Verification of Payee (VOP) service to help PSPs in Europe meet Instant Payment Regulation requirements.
/payments
ABN Amro is launching a 'Pay Later' debtor management pilot for business clients with the aim of securing trust in online B2B transactions.
Klarna has been fined Skr500 million ($50 million) by Sweden’s Financial Supervisory Authority, for anti-money laundering defects.
11 December 2024
Swedish spend management fintech Mynt has raised a €22 million Series B funding round at a significantly increased valuation of approximately €175 million.
/people
Santander has hired PayPal exec Nitin Prabhu as global head of its Digital Consumer Bank.
/startups
Ayan Capital, a London-based Islamic fintech, has secured £2.8 million in equity funding to expand halal car finance and other Islamic finance products in the UK.
/security
Bank-to-bank Payment network Swift is working with Google Cloud to develop multi-jurisdictional anti-fraud technologies that use advanced AI and federated learning
/crypto
Deutsche Bank has signed on as Crypto.com's corporate banking partner in Singapore, Australia and Hong Kong, with additional support and coverage to come.
Payroll firm CloudPay has formed a partnership with Banco Santander to give employees of the bank's SME and company clients in Spain real-time access to their earned wages.
Mobile banking firm MoneyLion has agreed to be acquired by tech group Gen Digital in a $1 billion cash deal.
10 December 2024
ThetaRay has integrated with Microsoft Azure OpenAI Service to develop a GenAI financial crime detection suite.
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