UK challenger bank Mondo has released its first set of developer tools to early test users of its digital banking account, promising to make it easier for non-developers to create their own banking apps.
UK specialist lender Shawbrook has confirmed that it is planning a November initial public listing on the London Stock Exchange.
Job creation within the fintech space in London increased by 61% over the past year as the City cemented its standing as a global hub for financial technology startups, according to data from recruitment firm Robert Walters.
Mandatory reimbursement for victims of authorised push payment (APP) scams came into full effect under the Payments System Regulator (PSR) at the end of last year.
The Consumer Financial Protection Bureau (CFPB) has filed a complaint against Synapse Financial Technologies for allegedly losing customer funds when the company filed for bankruptcy protection.
The UK’s National Crime Agency has shut down a platform used by hundreds of criminals to defraud victims across the world through the use of spoofed phone calls.
Wealth management clients visiting a UBS branch in Switzerland will soon be able to get advice from an AI-powered avatar of the bank’s chief investment officer.
Deutsche Bank has been in the process of acquiring Postbank since 2008, and has been facing trouble agreeing to a settlement with Postbank shareholders.
JP Morgan is investing in a new AI-focused venture from Tifin, an umbrella group operating a host of wealth management fintech businesses.
Goldman Sachs is looking to scale up its new transaction banking business by teaming up with Fiserv to offer the fintech giant’s clients services, starting with cross-border supplier payments.
Chase has warned customers that it will start blocking payments to social media contacts through the Zelle P2P network over fraud concerns.
AI-powered loan verification and fraud prevention platform Informed.IQ has secured $63 million in growth equity investment from Invictus Growth Partners.
African fintech M-Kopa has closed over $250m in new debt and equity funding to expand its financial services offering to underbanked consumers across Sub-Saharan Africa.
Chancellor Jeremy Hunt waved away concerns on rapid AI development at a Politico event in London on Wednesday, and insisted that the UK needs to step up in the global AI race.
The volatile nature of bitcoin trading has been brought into the spotlight by recent sharp rises and falls in the cryptocurrency after Mark Zuckerberg’s grilling in Congress was countered by positive sentiment from China about blockchain and a future central-bank backed currency.