/retail
Revolut is looking to raise a new funding round that would give it a $65 billion valuation, according to the Financial Times.
10 July 2025
/wealth
US fintech Alpaca is to acquire the UK's WealthKernel, a provider of digital investment infrastructure and tax-advantaged products for businesses.
/regulation
Money transfer giant Wise has been hit with a $4.2 million fine from multiple US state regulators over deficiencies in its anti-money laundering controls.
/crypto
Project Acacia, a joint initiative between the Reserve Bank of Australia and Digital Finance Cooperative Research Centre (DFCRC), has selected 14 participants to undertake trials of tokenised asset settlement in financial markets.
/ai
Irish lender AIB is deploying Microsoft Copilot to provide 100,000 staff with access to enterprise-grade AI tools.
/markets
Moment has raised $36 million in Series B funding led by Index Ventures for its platform automating trading and portfolio management workflows for fixed income teams.
Ripple has chosen Bank of New York Mellon as primary custodian for its US dollar-pegged stablecoin reserves.
The Bank of England has hit UK payments operator Vocalink with an £11.9 million fine after it missed a deadline to fix problems in its risk management framework.
09 July 2025
/sustainable
Clarity AI has acquired fellow sustainability fintech ecolytiq. Financial terms of the deal were not disclosed.
Ziglu, the crypto startup launched by former Starling co-founder Mark Hipperson, has entered administration.
Lloyds Banking Group is expecting to play host to tens of thousands of employees at a two-month Data & AI Summer School as part of a commitment to building a digitally-confident workforce.
/security
Research by TSB reveals that of the 31 percent of people who have acted on financial advice on social media platforms – over half (55%) lost money as a result.
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