Socially conscious US neobank Aspiration has closed a $135 million Series C investment round, as consumers increasingly shop around for climate neutral financial products.

Total UK fintech investment hit $7.2 billion in the first half of 2025, down five per cent from $7.6 billion in the same period in 2024, according to KPMG’s latest Pulse of Fintech report.

BNPL for business operator Hokodo has raised €10 million in an equity funding round co-led by Korelya Capital and Opera Tech Ventures – the corporate venture fund of BNP Paribas.

Virgin Money is to take full control of its digital wealth management platform, buying out joint investor abrdn for £20 million.

The cloud is beckoning, and security is job number one. Regulatory reporting has shifted from accounting values to full-fledged risk management, encompassing credit, liquidity and market risk as financial institutions (FIs) increase in size, have larger geographic footprints and continue to offer complex products.

The European Commission has today published its Renewed Sustainable Finance strategy, which looks to provide the policy tools needed to ensure the financial system can support businesses in their transition toward sustainability, in the context of the Covid-19 recovery.

Swift has launched a case management service for investigating payment defaults that it claims could save its member banks millions of dollars in operational costs and significantly reduce the time it takes to identify and resolve issues when international payments are delayed.

Bank-to-bank messaging network Swift is hailing the results of tests that used a combination of AI and cross-border data sharing to double real time fraud detection in trials involving 13 top tier banks and ten million test transactions.

Mitsubishi UFJ Financial Group (MUFG) says it will pay $664 million to take 100% ownership of robo-advisor WealthNavi.