Big banks are facing challenges in innovating payments strategizing while keeping up with the pace of the industry. In an EBAday 2025 panel, leaders in banking explored what avenues incumbents are pursuing to revolutionise payments services.
Artificial intelligence (AI) and cloud computing are rapidly changing the way payments services providers (PSPs) operate.
UK digital bank Monzo has added another two million customers in the last six months, bringing its total number of individual and business users to 14 million.
While almost all asset managers are already using artificial intelligence (AI) in their investment process, only a handful are using the tech for more advanced tasks, according to a recently published study.
JPMorgan Chase is buying a stake in InvestCloud as part of a deal that also sees the bank enlist the Californian fintech startup to boost its digital capabilities for individual investors. The size of the investment has not been revealed.
PayPal users can now send and receive money through a personalised, one-time link sent over text, email, direct message, or chat.
General Catalyst Partners is to invest $10 million in venture capital for market-changing businesses and applications built on the Stripe Connect platform.
Abu Dhabi Commercial Bank (ADCB) has partnered with Mastercard to introduce the Mastercard Carbon Calculator in the Middle East.
The European Central Bank is inviting experts from the mobile tech industry to advise on the development of an offline model for digital euro payments.
JPMorgan Chase and Bank of New York Mellon have reportedly scaled back electronic information sharing with the Office of the Comptroller of the Currency (OCC) following a significant breach of the regulator’s email system.
The social media platform formerly known as Twitter received approval for payments services from Pennsylvania, building on Musk’s ambitions of transforming X into an “everything app” where users can conduct their “entire financial life” on the app.
The Financial Conduct Authority is to establish a new company formed by 31 firms to enable variable recurring payments in the UK.
Lilia Christofi, formerly Microsoft’s head of banking in Emea, has joined PwC to lead the consulting firm’s financial services data and AI team.
Deutsche Bank has become the first top tier European institution to join JPMorgan’s Interbank Information Network (IIN), a landmark milestone for the DLT-based payments settlement system.
Savings and investment app Acorns has acquired the assets of EarlyBird, a “family wealth and digital memory” platform for kids. Financial terms were not disclosed.