/startups
Primary Portal, a digital platform that aggregates and digitises equity capital market processes for banks and asset managers, has completed the first stage of its £7.5 million Series A funding round led by the venture capital arm of Deutsche Börse.
31 July 2024
/ai
AI-powered financial crime detection specialist ThetaRay has acquired screening company Screena. Financial terms were not disclosed.
30 July 2024
/payments
The Bank of England is seeking input from the private sector on its roadmap for innovation in money and payments.
/retail
Santander is looking to burnish its credenttials with Gen Z, embarking on a search for talent on TikTok to create an online-native international music band.
/markets
UBS and CIBC have executed a world-first intraday FX swap transaction on the DLT-enabled Finteum Platform.
Australian bank Westpac is now offering debit cards to children as young as eight in a move it says will help them hone their financial skills.
The Lithuanian central bank has appointed an independent supervisor and restricted new business for local paytech Kevin after losing patience with the firm for repeated failings to file its annual reports.
29 July 2024
JPMorgan Chase has rolled out an inhouse developed Generative AI chatbot to staff, likening it to a having a research analyst at your desk.
10x Banking has unveiled a new generation of core banking technology designed to derisk the conversion from legacy ledgers and provide a clear roadmap to cloud-native transformation.
Lloyds Banking Group and Nationwide have joined an £11 million Series A funding round in Scottish AI fintech Aveni.
/security
The European Central Bank says there is "room for improvement" after conducting its first thematic stress tests on cyber resilience to determine how well individual banks would respond to and recover from a cyber attack.
/regulation
US banking regulators have issued a warning on the potential risks associated with third-party deposit arrangements and made a call for more information on the relationships between lenders and fintechs.
26 July 2024
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