FS giants prep for cyber defence exercise
The Financial Services Information Sharing and Analysis Center (FS-ISAC) has brought together nearly 30 financial firms for a Nato live-fire cyber defence exercise.
Eloquent AI raises $7.4m to automate FS customer support
Eloquent AI, a startup focused on customer support automation for financial services, has launched its AI Operator platform and closed a $7.4 million seed round.
Smart lending fintech Abound raises £500 million
Abound, a UK-based fintech that uses a combination of open banking and artifical intelligence to offer better loan deals to consumers, has raised £500 million in a mixture of debt and equity finance.
DBS launches eco-conscious consumer platform
DBS Bank has launched LiveBetter – a one-stop digital platform where users can access eco-friendly tips, donate to local green causes, as well as invest in sustainability-themed funds.
Finextra’s top research reports of 2023
With 2023 drawing to a close, we take a look back at our most downloaded whitepapers, sentiment papers and surveys over the course of the past year. These reports are Finextra-led and cobranded, based on editorially balanced, independent, referenced desk-based and online research.
UK fintech hiring surges
UK fintechs are set to increase professional hiring by 32% in 2025 despite challenging economic headwinds, according to Morgan McKinley and Vacancysoft’s latest fintech report.
UBS reshuffles top ops roles
Swiss bank UBS has announced a series of changes to its executive team including a reshuffle of its operations and technology roles.
Absa rolls out Virtual Investor
Absa has launched Virtual Investor, an online self-service investment platform that uses algorithms to recommend a product for customers based on their financial attitudes to risk.
US shutdown impacts fintech market
The ongoing shutdown of the US government, sparked by a disagreement over funding for border security, is starting to impinge on the US fintech industry, according to reports.
ING CISO says data sharing is key to financial cybersecurity
Compliance has been the traditional focus of IT departments in financial institutions, but as cyber threats continue to evolve, the financial industry needs to look to each other to help protect the wider ecosystem.
LSE and Crowdcube open up private markets to retail investors
The London Stock Exchange has teamed up with crowdfunding platform Crowdcube in a bid to create a more inclusive and liquid private capital market ecosystem.
OCBC introduces sustainability training programme for all employees
OCBC Bank is rolling out sustainability training for its 30,000 employees and adding ESG-related jobs as part of its “future smart” programme.
Walmart’s OnePay adds credit cards to financial services portfolio
Walmart’s fintech unit OnePay is to add credit cards to its expanding portfolio of financial services.
Bullish shares more than double in NYSE debut
Investor confidence in the cryptocurrency sector was punctuated after Bullish was valued at $13.16 billion last week, setting the pace for other digital asset firms looking to list in the US.
M&G Wealth rolls out hybrid robo advisor
M&G Wealth is rolling out its robo-advisory platform twelve months after taking a stake in tech provider Moneyfarm.