UK challenger bank Starling has launched what it claims is the UK’s first AI tool designed to spot purchase scams.

Portrait Analytics, the startup behind a generative AI research platform for investment analysts, has raised $3 million in pre-seed funding led by .406 Ventures.

Banking insiders working with an organised crime group have been sentenced on charges of stealing up to £1 million from customer accounts

Three men have been sentenced for running a website enabling criminals to defraud victims by circumventing banking anti-fraud checks.

Ripple has agreed to acquire Standard Custody & Trust Company, an enterprise-grade regulated platform for digital assets.

Reserve Bank of India (RBI) has recruited the Infosys chairman Nandan Nilekani to head up an advisory panel on the development of digital payments.

HSBC UK has teamed up with Alzheimer’s Society to design a new range of cards with features that will support people with dementia, as well as visual impairments, learning difficulties and dyslexia.

AI credit intelligence platform for small business lending Kaaj has raised $3.8 million in a seed funding round led by Kindred Ventures.

Business payments outfit Airwallex is to double its office space in London after experiencing 109% year-on-year growth in the UK.

Police and banking authorities in Singapore are warning people to beware of a sophisticated impersonation scam that netted crooks $10.6 million in June alone.

JP Morgan’s blockchain unit Kinexys has unveiled an offering that promises to enable the seamless distribution and servicing of alternative investment funds.

AI startup Finnovating has launched its own Generative Pre-Trained Transformer (GPT) designed to help tech companies find, match and deal with corporate partners and clients.

Welcome to Finextra’s live coverage of the Swift Latin American Regional Conference 2019, in Panama City. This event will focus on important issues affecting the financial industry in the region, and how the financial community can accelerate digital transformation.

Ant International is partnering with TNG Digital, operating company of TNG eWallet, and Pakistani neobank easypaisa to deliver AI-powered customer experiences.