Digital asset clearing house ClearToken signs for Nasdaq tech
ClearToken, a London-based clearing house for global digital assets, has signed up for Nasdaq’s Eqlipse Clearing technology.
NatWest gives chatbot a generative AI upgrade
NatWest is boosting the IQ of its digital chatbot Cora with generative AI to provide more nuanced, pro-active answers to customer queries.
Sipps provider Intelligent Money goes into administration
UK wealth management firm Intelligent Money has entered administration after agreeing a deal to sell off its business and assets to fellow provider Quai.
OCBC rolls out ChatGPT-based bot to all employees
Singapore’s OCBC is to roll out a generative artificial intelligence chatbot to all of its 30,000 employees to assist them with writing, research and ideas for new innovations.
FCA commences live testing of bank AI applications
The UK’s Financial Conduct Authority is to commence live testing of AI technology, with NatWest, Santander and Monzo among the first cohort.
Vanquis Banking Group acquires money saving app Snoop
Vanquis Banking Group has acquired Snoop, the money saving app founded by former Virgin Money boss Jayne-Anne Gadhia.
Westpac rolls out ‘panic button’ for customers who think they’ve been scammed
In its latest move to stop scammers, Westpac is to introduce SafeBlock, a new feature that allows customers to block their accounts and cards in an instant via the app or online banking.
Strands and Doconomy partner to provide climate impact PFM tools
Mastercard-backed carbon tracking app Doconomy is collaborating with fintech software developer Strands to offer consumers climate impact and personal finance management products.
Swiss fintech startup nsave secures $18 million Series A
Swiss fintech startup nsave has raised $18 million in a Series A investment round led by TQ Ventures, with participation from Sequoia Capital, Y Combinator, ACE Ventures, and Proton Foundation.
Christine Lagarde’s son burned by crypto speculation
No fan of crypto investing, ECB president Christine Lagarde has revealed that her son ignored her warnings about the risks associated with trading in virtual currencies and consequently lost a significant chunk of his earnings in the market.
Capitolis scoops $20 million investment from Wall Street elite
Capital markets tech provider Capitolis has received strategic investements from Citi, Morgan Stanley, State Street and UBS.
Big banks pump $26 million into investor communications platform Proxymity
Investor communications platform Proxymity has secured $26 million in financing from existing investors, including BNP Paribas, BNY, Citi, Clearstream, Computershare, JPMorgan and State Street.
London-listed Gresham to be bought by STG Partners
London-listed fintech Gresham Technologies has agreed to be bought out by a private equity firm in a cash deal worth £146.7 million.
Vesttoo files for bankruptcy protection
Crisis-hit fintech Vesttoo has filed for Chapter 11 bankruptcy protection.
Trump says tariff rates could be up to 70% as letters ship out
As the 9 July tariff deadline looms, US President Donald Trump has said that rates could be up to 70% for certain counties.