Mastercard has launched a service in Asia Pacific, called Trace, that uses AI to identify and prevent money laundering and financial crime.

London-based open banking fintech Yavrio has raised $2.4 million in seed funding to bring embedded banking to the enterprise resource planning (ERP) space.

MangoPay, a European payment technology provider for marketplaces and platforms, has acquired Dublin-based payments technology company WhenThen.

Despite the assumption that the Coronavirus pandemic will prove the last nail in the coffin, Bank of America’s head of financial institutions GTS believes demand for paper money as a security has in fact increased.

The Bank for International Settlements has appointed Riksbank’s Cecilia Skingsley as head of the BIS Innovation Hub.

Growing levels of financial crime and regulatory scrutiny are forcing organisations to step up spending on compliance, but they are less sold on AI as the standalone solution, according to a global survey of risk and compliance officers by LSEG Risk Intelligence.

UK open banking-powered startup BuildMyCreditScore says users have seen an average 52 increase in their credit scores in the first three months.

Navro, the London-headquartered fintech that simplifies international payments for businesses, has raised $41m in a Series-B funding round to jump start global expansion.

E-commerce payment processor WePay has integrated with Google’s Instant Buy API, a service that lets Google Wallet users check out in just two clicks on mobile and web without exposing their sensitive information to third parties.

The search for meaningful data insights has highlighted the shortage of specialised data science skills within the financial services industry.

Insolvency practitioner Teneo has become the first firm to utilise new Confirmation of Payee functionality embedded within NatWest’s account-to-account payments platform Payit.

Egyptian payments platform MoneyHash has secured $5.2 million in pre-Series A funding to target emerging markets globally.

UK challenger bank Monzo is to launch its brand across Europe after securing a full banking licence from the European Central Bank (ECB) and the Central Bank of Ireland (CBI)

HMBradley, a US digital banking platform promising to reward people for saving and positive financial behaviour, has deployed Thought Machine’s cloud-native core banking platform.

Berlin-based WealthTech startup NAO has raised €3.4 million in a seed funding round from various family offices, private investors and existing investors, including FinTech veteran Jakob Schreyer and VC Zeitgeist X Ventures.