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/ai

Klarna and Google ink AI deal

Klarna has signed on to use Google Cloud's full AI stack, from infrastructure, to platform, to models.

/crypto

Citi invests in stablecoin outfit BVNK

Citi is the latest big-name traditional financial services player to invest in stablecoin infrastructure platform BVNK.

/ai

Google signs FS firms to new Gemini Enterprise agentic platform

Commerzbank, Macquarie Bank and insurance player Signal Iduna are among the first firms to use Google Cloud's new Gemini Enterprise agentic platform.

/payments

Cross-border payments fintech Routefusion raises $26.5m

Routefusion, an Austin-based financial infrastructure provider that helps platforms and FIs embed cross-border payments and multi-currency account capabilities, has raised $26.5 million in Series A funding.

/payments

Wise to launch travel card in India

UK-based fintech Wise has continued its push into the Indian market with the planned launch of what it claims is the Asian nation's first 'travel' card.

/markets

US shutdown could spark regional bank crisis says fintech CEO

The layoffs of federal workers in the US as a result of the government shutdown could create numerous blind spots in the regulation of the country's banking sector, says the CEO of a fintech startup.

/payments

G20's cross-border payments plan to miss 2027 deadline

Payment firms have reacted with disappointment to the news that a plan promoted by the G20 to make cross-border payments more efficient is set to miss its first deadline.

/ai

JPMorgan spends $2bn a year on AI, saves same amount - Dimon

JPMorgan Chase invests $2 billion a year developing AI, with the technology saving the bank about the same amount, according to CEO Jamie Dimon.

/payments

Revolut set for Indian launch

Revolut will launch its payments platform in India later this year, targeting 20 million customers in the country by 2030.

/retail

Atom Bank opens Newcastle HQ

Atom Bank has officially opened its new headquarters in Newcastle with the promise of adding 30 employees to its 600-strong workforce.

/ai

BoE issues warning over potential AI bubble

UK investors should prepare for the possibility of a sharp correction in the value of UK stocks due to falsely inflated valuations for AI companies, according to the Bank of England.

/ai

Two-thirds of bank staff using unapproved AI tools - survey

The prevalence of shadow AI, whereby bank staff are using unapproved tech, poses a growing risk to the financial services industry, suggests recently published research.