New Scottish SME challenger bank Alba is to run its business on Temenos’ packaged cloud-native software, a model bank package that has been taken up by other neobanks across the world, including Varo Money, Praxia, Volt Bank, Judo Bank and Grasshopper Bank

Citi has made a strategic investment in Numerated as part of a wider partnership with the AI-powered modular commercial lending platform.

Generative AI agents can replicate key cash-management tasks – even without specialised training, according to a Bank for International Settlements working paper.

Klarna says its OpenAI-powered chatbot is doing the equivalent work of 700 full-time agents after its global launch last month.

ABN Amro is getting to grips with PSD2, enabling customers to access their current accounts with other providers through its app.

Exchange operator Nasdaq has launched technology that securely digitises the issuance, settlement, and custody of carbon credits.

UBS is to apply for a digital banking licence in China with the aim of reaching 200,000 mass affluent clients within two years.

Berlin-based corporate card platform Pliant has raised a $40 million Series B equity round to fuekl its expansion to the US.

A spate of online banking glitches has hit the UK’s leading high street banks, leading inevitably to discussions of resilience and operational risk in the industry.

More than half of the companies investing in artificial intelligence (AI) projects have been unable to extract any tangible benefit, according to recently published research.

Standard Charetered has contracted with Sweden’s Doconomy to provide customers with a digital tool that tracks carbon emissions and freshwater consumption on goods bought using the bank’s credit and debit cards.

Corporate payments outfit Corpay has agreed to buy British peer Alpha Group for $2.2 billion in cash.

Visa has unveiled a platform with a set of beta APIs and development tools that help issuers and issuer processors build and test digital payment products.

The Investing and Savings Alliance (Tisa) is calling on UK regulators to protect consumers from the ‘wild west’ of AI search engines.

The UK’s Advertising Standards Authority (ASA) has banned HSBC from running two advertisements, concluding that they are “misleading” about the bank’s climate change efforts.