Google is suing two app developers who lured victims into downloading fraudulent investment apps on the Google Play Store.

Startups and scaleups based in the UK secured more than $9bn in venture capital funding in Q3, making it the second-highest quarterly funding total on record.

Italian banking group Sella has launched an international incubation programme dedicated to startups focused on AI in finance.

The European Investment Bank (EIB) is lending Italian paytech giant Nexi Group €220 million to support digital payment innovation.

The world’s biggest banks increased their artificial intelligence headcount by 13% over the last six months, with one in every 50 banking employee now working in an AI-specific role, according to a study.

Madrid-based treasury management startup Embat has raised €14.7 million in a Series A funding round led by Creandum, an early backer of fintech success stories Trade Republic, Klarna, iZettle and Pleo.

When posed with a logical puzzle that demands reasoning about the knowledge of others and about
counterfactuals, large language models (LLMs) display a “distinctive and revealing pattern of failure,” according to a bulletin from the Bank for International Settlements.

Pig-butchering, an investment scam involving fake crypto companies, has emerged as one of the top payment threats facing consumers.

The European payments and transaction banking community will gather in Copenhagen on 16-17 June for the 21st edition of EBAday, the continent’s leading summit for industry professionals. Hosted at the Bella Centre, EBAday 2026 promises two days of high-impact networking, strategic insight, and forward-looking discussion.

British ambitions to become a global crypto hub are being hindered by a conservative regulatory approach that has seen applications for registration by crypto firms drop by 51% over the past three years.

Relay, a business banking and money management service for SMEs, has raised $32.2 million in a Series B funding round led by Bain Capital Ventures.

The Association for Financial Markets in Europe (AFME) released a report this week on the outstanding concerns within the Corporate Sustainability Due Diligence Directive (CS3D).

Lithuania has issued a five-point, five-year plan for its fintech sector as part of its ambition to become one of the EU’s leading hubs in the space.

For the sixth year running, EBAday will host a dedicated Fintech Zone, where 16 early stage and growth startups will compete for the chance to be crowned the 2024 winner.