Revolut has joined the European Payments Initiative to bring its Wero Wallet to millions of new customers this summer.

Kicking off Finextra’s inaugural NextGen AI conference at Convene Sancroft in London, was Lord Chris Holmes of the UK House of Lords in his headline keynote titled: ‘AI in 2024: At the Edge’.

Americans reported losing more than $12.5 billion to fraud in 2024, a 25% increase over the previous year, according to Federal Trade Commission data.

The Open Banking movement may get big billing on Twitter and set pulses racing in fintech startups, but for the ordinary person on the street the term is utterly meaningless, if new research from Equifax is anything to go by.

Societe Generale (SocGen) and the International Finance Corporation (IFC) have signed a Collaboration Framework Agreement to bolster sustainable finance in developing countries.

Ripple has signed an agreement with BBVA to provide its digital asset custody technology to the Spanish bank.

JPMorgan Chase’s recently launched UK digital bank was built with 10x Banking, the cloud-native fintech set up by former Barclays chief Antony Jenkins.

The Competition and Markets Authority (CMA) has identified key risks to fair competition in AI Foundation Models (FMs), growing concerns as AI rapidly develops in the financial industry.

Prime Trust, a one-stop-shop for API-based financial infrastructure for fintech and digital asset innovators, has raised $107 million in a Series B funding round.

SME bank Cynergy Bank has contracted with Google Cloud and Wipro for the build of a digital relationship platform, aligning face-to-face contact with the technical know-how of an app-only startup.

Caliza, a startup offering banks and fintechs an API that lets their customers save and transact in US dollars, has launched in Brazil with $5.3 million in seed funding.

Mastercard’s agentic payments platform is being integrated into PayPal’s wallet to allow AI agents to complete transactions on behalf of users.

The US House of Representatives has followed the Senate in voting to overturn a Consumer Financial Protection Bureau rule that would give the watchdog oversight of tech giants such as Apple, Google and X, that offer digital payment apps and wallets.

Bourgeois Boheme (BoBo), a European fintech targeting high-net-worth individuals with the promise of instant transactions of up to €1 million, has closed a €6.5 million seed round led by Graphit Lifestyle.

Crypto custody specialist BitGo has acquired Brassica, a fintech specialising in providing back-end infrastructure services for private securities and alternative investments. Financial terms were not disclosed.