Latest news headlines: Finextra Research

MPs launch excoriating attack on the FCA

An All Party Parliamentary Group (APGG) of UK MPs have branded the FCA as 'incompetent at best, dishonest at worst', in a hard-hitting report that calls for wholesale reforms at the financial watchdog.

2 hours

/ai

Italy's Banca Investis launches 'digital junior banker' with GenAI

Italy's Banca Investis has launched an app that provides banking customers with real-time investment advisory backed by generative AI.

2 hours

/crypto

Crypto ownership continues to rise in the UK

More than one in ten Brits now own cryptocurrency, according to research from the Financial Conduct Authority.

12 hours

/payments

HSBC UK enters POS financing market

HSBC is entering the UK buy now, pay later market through the launch of Flexipay, a point-of-sale finance product.

12 hours

/payments

Klarna to hire 100 engineers for new tech hub in Poland

Klarna has opened a new technology hub in Warsaw, reflecting the city’s growing reputation as a centre of technology innovation.

12 hours

/ai

BBVA creates GPT Store to house employee-generated AI tools

Just five months after BBVA distributed 3,000 ChatGPT Enterprise licenses among its employees, 83 percent have incorporated it into their work routine and have created nearly 3,000 adaptations of the tool for specific tasks, ranging from financial data analysis to help to solve legal questions from clients in less than 24 hours or provide customer insights.

25 November 2024

/payments

EPI enrolls 14 million users to wero wallet

The European Payment Initiative, a bank-backed venture that was initially set up to build a rival to Mastercard and Visa in Europe, has enrolled 14 million users and processed eight million transactions since launch.

25 November 2024

/wholesale

Santander signs five-year deal with dentsu to build new global platform for SMEs

Santander has drafted in dentsu to build a new global platform to help SMEs unlock barriers to international trade.

25 November 2024

/ai

Revolut preps AI assistant, ATMs and mortgages for 2025

Revolut has laid out its plans for 2025, including the introduction of an AI assistant, mortgages, ATMs, and a business credit product.

25 November 2024

/regulation

CFTC recommends expansion of non-cash collateral through DLT

The Commodity Futures Trading Commission (CFTC) has recommended the expansion of the use of non-cash collateral through the use of distributed ledger technology (DLT) by its Global Markets Advisory Committee (GMAC).

22 November 2024

/ai

55% of UK investors are unwilling to use AI tools for investment support – Avaloq

Research from Avaloq, a banking and wealth management platform, indicates that UK wealth managers see AI as the future, but do not yet trust the technology.

22 November 2024

/ai

NextGen: AI – Join Finextra in London next week

Join us in London on 26 November to explore the current AI challenges, opportunities, and the future of AI in financial services.

22 November 2024