UK-based fintech Revolut has received the greenlight to start full banking operations in Mexico.

Consolidation in the fintech sector is happening at pace, with disclosed deal value for transactions over $100 million in the first half of the year already close to double the total for all of 2024, according to new analysis from investment bank Artis Partners.

Today’s generation of consumers expect a digital-first experience from their providers. Whether they’re shopping online, streaming content or interacting with financial institutions, anything less than on-demand is no longer acceptable. However, when considering the US, retail banking is not yet fully digital, and customers must still visit a branch to fill out paperwork when opening an account.

Founded by a team of former Swift executives, iPiD (International Payment Identity) has raised $5.3 million to roll out a Confirmation of Payee product across Europe.

Westpac CEO Brian Hartzer says the bank wants to recreate the personal touch of the old-time bank manager by using artificial intelligence technology to pander to each customer’s particular needs.

The Saudi G20 Presidency and the Bank for International Settlements (BIS) Innovation Hub are launching a virtual hackathon-style competition to find new technological ways to tackle financial regulatory compliance and supervision challenges.

Three-in-four global banks are planning to connect with an average of three fintech startups over the next eighteen months to boost their digitsation efforts, according to research conducted by East & Partners on behalf of Finastra.

A European Central bank executive has launched a withering attack on the lack of progress by banks in tackling climate risks.

Barclays, Bank of Montreal and JPMorgan have joined an US$80.75 million Series E funding round for Toronto-based cloud accounting software firm Freshbooks.

Finextra Research will be hosting its second Financial Cloud Summit conference on March 7th 2024 at King’s Place in London.

Legendary actor Simon Callow has been roped in by NatWest to read some real-life Halloween horror stories about the dangers of fraud.

CaixaBank and BBVA have teamed up with Spanish payments outfit Iberpay to process the first Requests to Pay between banks in Europe.

Lloyds Banking Group is to roll out the Microsoft Managed Desktop across its entire business, making it the world’s largest financial firm to put the technology into production.

PayPal Ventures has made a strategic investment in Stable, the layer 1 blockchain network for stablecoin transactions.

EToro has filed confidentially for a US initial public offering that could value the online investment platform at more than $5 billion.