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AI ranking says banks lagging on climate action

Most of the largest commercial banks in the world are lagging behind in implementing effective measures to climate-proof their operations and those of the businesses they finance , according to a Large Language Model ranking developed by Climate X and Climate Proof.

Mambu CEO Danilkis quits

Cloud banking platform Mambu’s CEO and co-founder Eugene Danilkis has resigned with immediate effect for “personal reasons”.

Bilt hits $10.75bn valuation

Neighbourhood loyalty platform Bilt has raised $250 million in primary funding, sending its valuation soaring to $10.75 billion.

Slash raises $41m for ‘vertical banking’

Slash has raised $41 million at a $370 million valuation for its business banking platform that promises to end the one-size-fits-all model and instead provide bespoke offerings for different industries.

Isle of Man launches Fintech Innovation Challenge

Digital Isle of Man (an executive branch of the Isle’s government) has announced the launch of the Fintech Innovation Challenge, an opportunity to engage with international stakeholders and industries in their digital ecosystem.