Lightyear eyes AI opportunity on $28 million fund raise
Investment firm Lightyear has closed a $23 million Series B funding round as it eyes opportunities to bring artificial intelligence to it platform.
WeLab taps Google for AI innovation across Asia
Asian fintech company WeLab has formed a strategic partnership with Google to drive AI-powered banking solutions across across Asia.
Stablecoins could reach $3.7 trillion by 2030 – Citi
The changing regulatory landscape being driven by the Trump administration could see 2025 being blockchain’s ‘ChatGPT’ moment and also drive huge growth in stablecoins, according to research from Citi.
Mastercard applies AI to stem card reissuance fraud
Mastercard is rolling out Account Intelligence Reissuance, a GenAI-based fraud prevention service, in the Eastern Europe, Middle East and Africa (Eemea) region.
Inside Lendbuzz’s IPO
AI-based auto lender Lendbuzz filed an initial public offering today as the company looks to increase capital markets access and…
US banks to struggle with climate risk data – Federal Reserve
According to a climate scenario analysis by the Federal Reserve, American banks are set to experience challenges in predicting the impact of climate change on their loan books due data and modelling difficulties.
Australian banks pilot fraud intelligence sharing network
Australia’s top banks are piloting a fraud and scams intelligence-sharing network using behavioural- and device-based technology from security vendor BioCatch.
Toyota curbs DEI policy after activist attack over LGBTQ support
Toyota Motor Corp., will refocus DEI programs and halt sponsorship of LGBTQ events, citing “a highly politicized discussion” around corporate…
Chase Auto names Michael Cottone head of Subaru Motors Finance
Chase Auto today named Michael Cottone general manager of its Subaru Motors Finance private label captive business. Cottone has more…
Silverbird enters special administration
Silverbird, the digital payments platform for international trade, has been confirmed to have gone into special administration by the Financial Conduct Authority (FCA).
Sustainable Finance Live: Building actionable ESGtech strategies with a partnership ecosystem
Finextra Research and Responsible Risk hosted Sustainable Finance Live this week, the third workshop in a series of events encouraging collaboration in the ESGtech space.
FCA takes next steps in developing regulated crypto regime
The UK’s Financial Conduct Authority has set out its latest steps to improve the integrity of the UK’s crypto market.
Nordea taps Mynt to roll out an expanse management system for SMEs across the Nordics
Swedish fintech Mynt has been selected by Nordea, the largest bank in the Nodics, to launch a business credit card and spend management service for small and medium-sized enterprises (SMEs) across Sweden, Norway, Denmark and Finland.
Navigating the carbon market, in conversation with ZERO13
In conversation with Finextra, Hirander Misra, chairman and CEO of GMEX Group, and CEO of its carbon tracking company ZERO13, spoke on the complexities of the carbon market and untapped potential for its growth.
Microsoft rolls out financial services cloud
Microsoft is making its financial services-specific cloud offering generally available from next month, with Virgin Money UK on board as an early user.