The Bank for International Settlements has appointed Riksbank’s Cecilia Skingsley as head of the BIS Innovation Hub.

Growing levels of financial crime and regulatory scrutiny are forcing organisations to step up spending on compliance, but they are less sold on AI as the standalone solution, according to a global survey of risk and compliance officers by LSEG Risk Intelligence.

UK open banking-powered startup BuildMyCreditScore says users have seen an average 52 increase in their credit scores in the first three months.

Navro, the London-headquartered fintech that simplifies international payments for businesses, has raised $41m in a Series-B funding round to jump start global expansion.

E-commerce payment processor WePay has integrated with Google’s Instant Buy API, a service that lets Google Wallet users check out in just two clicks on mobile and web without exposing their sensitive information to third parties.

The search for meaningful data insights has highlighted the shortage of specialised data science skills within the financial services industry.

Insolvency practitioner Teneo has become the first firm to utilise new Confirmation of Payee functionality embedded within NatWest’s account-to-account payments platform Payit.

Egyptian payments platform MoneyHash has secured $5.2 million in pre-Series A funding to target emerging markets globally.

UK challenger bank Monzo is to launch its brand across Europe after securing a full banking licence from the European Central Bank (ECB) and the Central Bank of Ireland (CBI)

HMBradley, a US digital banking platform promising to reward people for saving and positive financial behaviour, has deployed Thought Machine’s cloud-native core banking platform.

Berlin-based WealthTech startup NAO has raised €3.4 million in a seed funding round from various family offices, private investors and existing investors, including FinTech veteran Jakob Schreyer and VC Zeitgeist X Ventures.

Alphabet’s Google cloud computing services have been tapped by Meta in a deal worth at least $10 billion, a part of Meta’s move to expand AI capabilities.

Experian is rolling out a new service designed to help banks and building societies identify and close ‘money mule’ accounts which are used to house fraudulently-obtained funds.

The Monetary Authority of Singapore is to hold bank board members and senior staff responsible for manging risks from the deplyment of artificial intelligence.

Plaid, the US start-up behind an API that lets banks share financial data with developers, has raised $2.8 million in a funding round led by Spark Capital.