Climate-focused fintech, Cultivo, has announced six new board members including former Bank of England governor and current vice chair at Brookfield Asset Management, Mark Carney.

On the day that the United Kingdom heads to the polls to vote in the General Election, The Payments Association has issued a plea to the incoming Chancellor to impose a ‘Tech Levy’ on social media giants to pay for the impact of payments fraud originating from their platforms.

UK fintech Wise is counting the cost of falling short of analysts’ expectations after its latest quarterly results triggered a sharp fall in its share price despite a solid financial performance that saw most metrics increase.

Nordic challenger bank Lunar is to begin processing Visa cards over a cloud-native core banking platform provided by Pismo.

A fictional fund generated by ChatGPT is significantly outperforming the average of the UK’s 10 most popular funds, which have collectively lost 0.8% in value over the same time period.

BlackRock has taken a minority stake in Clarity AI, a Spanish fintech firm that uses machine learning and big data to help investors understand the sociatel impact of their investment portfolios.

ABN Amro is pulling out of the robo advisory market, shutting down its online wealth management business, Prospery, in Germany after failing to attract sufficient clients.

Confluent co-founder Neha Narkhede and former Meta engineering executive Sachin Kulkarni have unveiled a new venture that uses real-time data and AI to protect online transactions.

A business owned by Alan Howard, the billionaire founder of hedge fund Brevan Howard, is reportedly planning to launch a new $1bn venture focused on cryptocurrency hedge funds.

PayPal is expanding its partnership with Google Cloud, which will provide the payments giant with both infrastructure and analytics capabilities to help it process transactional data at massive scale.

In the face of incessant economic volatility, political challenges and being compelled to execute continuous, complex technological adjustments, the financial services industry must acknowledge that the cloud will frame the future.

With funding from Spark Capital and Getco in the bag, Quantopian, a start-up building what it claims to be the world’s first browser-based algorithmic trading platform, has emerged from beta.