UBS undertook a massive data transformation effort to support the creation of two domain-specific AI assistants, collectively known as UBS Red.

Google’s early-stage AI fund has led a $3 million seed round for Arva AI, a startup that helps banks and fintechs automate AML and KYB compliance.

Digital bank Monzo is putting its API developer plans on ice as it faces up to the challenge of launching current accounts for its 190,000 customers.

American investing app Stash has raised $146 million in an oversubscribed Series H funding round led by Goodwater Capital.

The UK’s two main financial regulators, the Bank of England (BoE) and the Financial Conduct Authority (FCA), have announced the opening of its Digital Securities Sandbox (DSS).

Mastercard is teaming up with Web3 players on an on-chain identity and verification framework covering a variety of applications in payments, remittances, ticketing and NFTs.

Germany’s Commerzbank is seeking to enter the crypto-assets market after a spokesperson revealed the bank has applied for a local crypto licence.

Wells Fargo is expanding its relationship with Google Cloud to roll out agentic AI across its operations.

UK tech network, Tech Nation, has released its final report ahead of its closure at the end of March, stating that the UK tech ecosystem will require support in future growth.

Microsoft has taken a major step in its efforts to create an identity verification system that can be used across organisations.

Hong Kong’s Hang Seng Bank is looking to entice novice investors with an in-app fund investment service offering a minimum investment amount of just HK$1.

American Banking-as-a-Service player Synctera has raised $15 million and made a move north of the border through a partnership with National Bank of Canada.

Blockchain-based international payments startup Due has raised $3.3 million in seed funding.