As artificial intelligence reshapes the business landscape, fintechs stand poised to usher in a fresh wave of disruption as the industry emerges from a prolonged slump.

Anthropic, the AI startup backed by Amazon and Google, has expanded Claude for Financial Services with an Excel ad-in and more connectors to real-time market data and portfolio analytics, including from LSEG.

Casap, a firm using AI to automate payment disputes and tackle first party fraud, has raised $25 million in a Series A funding round led by Emergence Capital.

KPMG’s bi-annual Pulse of Fintech report paints a sorry picture for the global fintech sector in H2’24 as both fintech investment and the number of deals fell to levels not seen since 2017.

German exchange Deutsche Börse is to embed EUR and USD CoinVertible stablecoins from Societe Generale’s digital asset unit SG-Forge into its infrastructure.

Embedded credit card platform Cardless has raised $60 million in a Series C growth round led by Spark Capital.

Blockchain analysis giant Chainalysis has acquired generative AI-powered fraud detection startup Alterya.

The technology arm of trade association PIMFA has teamed up with Morningstar to launch a ‘Duty of Care Tech Challenge’ that will bring together the fintech and wealth management sectors in an effort to find ways of ensuring consumer duty rules are met.

JPMorgan Chase has stumped up $3 million in prize money to entice developers to build applications that directly address consumer debt and financial well-being.

Shares in digital asset player Bakkt tumbled by more than a third on news that the firm has lost two major customers, Bank pf America and Webull.

Financial institutions must actively manage their intraday liquidity but getting to this point continues to be a challenge, as banks are required to capture the information they need in real-time while at the same time meeting increased regulatory reporting obligations.

London-based fintech Guavapay says it has temporarily suspended its UK services under an agreement with the Financial Conduct Authority following “significant challenges” with fraudulent activity.

M1 Finance has raised $75 million in a Series D funding round for its “super app” offering automated investing, borrowing and banking products.

US RegTech Droit has secures $23 million in Series B funding with support from Pivot Partners and UBS as co-leads, and existing investor Goldman Sachs.