BBVA has doubled the number of staff working on artificial intelligence to more than 400 as it opens new ‘AI Factories’ in Mexico and Turkey.

The UK’s retail trading platform market has become more crowded following the launch of two separate US ventures.

Online lender SoFi Technologies has agreed to buy cloud-native core banking platform Technisys in an all-stock deal worth around $1.1 billion.

Citi, UBS and MUFG has joined a US$35 million funding round for Asian digital wealth management platform Endowus.

Toronto-based online investment manager and trading app Wealthsimple has raised C$100 million in a funding round led by German giant Allianz.

A new stock exchange backed by Silicon Valley heavyweights has gone live, focusing on companies and investors who share a long-term vision in a sector often in thrall to short-term price changes.

The UK banking industry had its hands full in 2020 as institutions had to respond to lockdowns and other restrictions on business activity designed to curb the spread of Covid-19. What effect did this have on the ongoing adoption of Open Banking? In Finextra’s annual review, we look at how Open Banking has grown, what still needs to improve and what will happen next.

Barclays and Techstars have opened the application process for the second cohort of their fintech accelerator programme, which will give a further ten businesses the chance to shape the future of financial services.

The central banking system of the Euro zone is to offer a Verification of Payee service for PSPs in the Single Euro Payments Area.

Fresh from a new installation at Barclays Bank, digital wealth management platform Scalable Capital has raised €50 million in a Series D Financing round.

There has been a “significant shift” in UK banks’ attitude to AI with greater adoption and greater recognition of its benefits, according to recently published research.

Trading app Robinhood is bidding to usurp the likes of Reddit and X as the place to be for users to post about their trades, takes and market commentary.

Toronto Dominion Bank is to hire 200 staff for a new technology hub in South Florida, part of the bank’s commitment to growing its IT team with the creation of 2000 new roles in 2022.

The founder and CEO of online investment manager Scalable Capital has lashed out at the Governor of the Bank of England Mark Carney, accusing him of a “deep miscalculation of priorities” for singling out robo-advisory services as a potential force for future financial instablity.