SavvyMoney, a provider of financial wellness tech to banks, credit unions and fintechs, has secured a $225 million minority investment.

Finnish fintech Enfuce has raised €7 million in Seris B funding, including a €5 million investment from Chinese behemoth Tencent.

The UK’s Payment Systems Regulator is take action against Mastercard and Visa in the wake of steep hikes on card fees by the duopoly.

BBVA is replacing traditional interviews with ‘datathons’ to test the ability of potential young recruits as it bids to hire a total of 2000 advanced analysts by the end of 2021, 800 of which will be data scientists.

Digital wealth management startup Exo Investing is launching in the UK, promising to give private investors access to the sophisticated AI-powered technology that until now has been the preserve of institutional and ultra high net worth clients.

Swiss banking firm Credit Suisse has named former Goldman Sachs tech exec as chief technology and operations officer.

British savings and investment app Moneybox has raised £30 million in a Series C funding round led by Eight Roads and CNP and joined by Breega.

UK bank Standard Chartered has bolstered its data analytics capabilities with the appointment of former HSBC executive Yusuf Demiral.

Finextra launches its inaugural Next:Gen AI event on 26 November 2024. Join us in London to help redefine what’s possible.

In an interview with Finextra, N26’s head of international markets Alex Weber reveals that in the event of a no deal Brexit, the German challenger bank will continue to offer the same Mastercard exchange rates as it currently does, despite the potential dissolution of the cross-border payment fee cap.

UBS has joined forces with Cern, the Swiss Government and non-profit foundation Gesda to fund experiments in quantum computing aimed at achieving UN Sustainable Development Goals.

Liquido, a next generation payments company for Latin America has emerged from stealth and launched publicly with $26M from Index Ventures.

Israeli startup Kima is running a project with Mastercard’s FinSec Innovation Lab to connect decentralised finance (DeFi) applications with fiat systems.

Accenture has agreed to buy Mudano, a data consultancy that works with UK financial services firms. Financial terms were not disclosed.

Australian consumers are adopting digital banking services in increasing numbers with 99.3% of transactions taking place over digital channels, including A$160bn in payments made via mobile wallets.