Citigroup has launched an API for payment initiation, payment status, and account balance inquiries at corporate treasury workstations and enterprise resource platforms.

Revolut has laid out its plans for 2025, including the introduction of an AI assistant, mortgages, ATMs, and a business credit product.

As mobile devices double as digital wallets streaming location coordinates and transaction information, satellite images capture fleet movements and consumers generate product reviews on social media, financial institutions are gathering and analysing a rapidly growing amount of non-traditional data to enhance their core financial datasets. The analysis of this time series data – data that captures temporal changes, organised by time – allows firms to detect unique patterns and make future predictions of market performance and behaviour.

Chime has been reported to be aiming to go public in 2025, with Morgan Stanley to lead its initial public offering (IPO).