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/payments

IFGS 2025: What’s next for challenger banks?

As challenger banks continue to mature, gain market share, and power increasingly larger portions of the SME community, the lines between traditional and new players have become blurred. The question ‘How will the challengers continue to challenge?’ was answered by industry experts today at IFGS 2025.

/ai

Atom Bank to deploy AI decisioning platform from Provenir

Atom Bank is to deploy an AI decisioning platform from Provenir to support multiple consumer and business banking products.

/ai

Mastercard and PayPal make agentic commerce plays

Mastercard has unveiled Agent Pay, its new agentic payments technology to power commerce in the age of AI. Separately, PayPal has made its own agentic commerce play, with new tools for developers.

/payments

Mastercard invests $300m in Corpay cross-border business

Mastercard is paying $300 million for a three per cent stake in the cross-border business of corporate payments outfit Corpay.

/ai

FCA to provide live AI testing service for financial firms

The Financial Conduct Authority is to launch a live AI testing service to help firm deploy safe and responsible artifical intelligence models.

/payments

London fintech Navro raises $41 million

Navro, the London-headquartered fintech that simplifies international payments for businesses, has raised $41m in a Series-B funding round to jump start global expansion.

/startups

UK mortgage fintech Sprive raises £5.5m

UK mortgage overpayment app Sprive has raised £5.5 million in a funding round led by Ascension.

/payments

EPI looks to join forces with other payment schemes to secure EU sovereignty in payments

BNP Paribas is backing attempts by the European Payments Initiative to wrest control of the EU's payments ecosystem away from US card schemes and Big Tech giants and secure the Bloc's sovereignty in payments.

/ai

Commerzbank combines generative AI and avatar technology to create new digital assistant

Commerzbank is releasing an AI avatar called Ava to interact with the German lender's private and small business customers in "natural and engaging conversations".

/crypto

Mastercard takes 360-degree approach to cover stablecoin transactions

Mastercard is doubling down on stablecoins, unveiling new global end-to-end acceptance and payments capabilities.

/security

IBM, BillGo on securing payments against quantum computing threats

At Nacha event Smarter Faster Payments 2025 in New Orleans, a weekend panel session explored how financial institutions must establish an internal risk committee that assesses and mitigates future quantum-related threats.

/ai

Garanti BBVA virtual assistant gets GenAI boost

The Turkish unit of Spanish banking giant BBVA has given its mobile app's personal assistant a GenAI makeover.