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Metro Bank launches AI scam detection tool

Metro Bank is using technology from AI firm Ask Silver to enable customers to instantly check whether they are at risk of a scam by spotting fraudulent communications.

Dave faces US lawsuit

The US Department of Justice and Federal Trade Commission have launched legal action against Dave, the mobile banking app, alleging that it misled customers over its charges.

Cash keeps place in American wallets

Credit and debit cards continue to dominate American payments, but cash is still an important player, accounting for 14% of all consumer transactions in 2024, according to the Federal Reserve.

Finextra’s year in review

With 2023 drawing to a close, we take a look back at our most popular news items, videos and community engagement activities over the course of the past year.

FCA lifts retail ban on crypto ETNs

The UK’s financial watchdog has ended its four year ban on the use of crypto-based exchange traded notes (ETNs) by retail investors in a move that could add 20% to the UK’s crypto market

Robo-advisor Munnypot soft launches in UK

Munnypot, a mobile-first robo-advisor service created by the former founders of financial advisory firm Cavanagh Group, has soft-launched in the UK with a range of corporate partners.

Fed to measure banks’ exposure to climate risk

The six largest US banks have been tasked by the Federal Reserve to analyse the impact of trial scenarios for both physical and transition risks related to climate change on real estate assets in their portfolios.