Latest news headlines: Finextra Research

Klarna on track to reach $1 million in revenue per employee

BNPL giant Klarna says it is fast approching $1 million in revenue per employee, spearheaded by its aggressive uptake of AI.

1 hour

/ai

Temenos opens up the box with GenAI co-pilot

Temenos has launched a GenAI co-pilot for its retail banking core product, enabling banks to test and launch new products faster.

11 hours

/payments

Sweden's central bank comes down hard in favour of cash payments

Sweden's push to become a cashless society is rapidly heading into reverse, as the central bank sdubmits proposals to introduce an obligation to accept cash in the sale of essential goods, and to strengthen the banks' responsibility for cash handling.

19 May 2025

/retail

Revolut to invest €1 billion in France and apply for banking licence

Revolut is to invest more than $1 billion to expand its operations in France over the next three years as it prepares to apply for a French banking licence.

19 May 2025

/payments

UK Government to rush through new rules to tame BNPL 'wild west'

After years of wrangling, the UK Government is finally introducing new rules to clamp down on what it describes as the 'wild west' of buy now, pay later lending.

19 May 2025

/ai

Aveni launches FinLLM with backing from Lloyds and Nationwide

Lloyds and Nationwide-backed fintech Aveni has released the first version of its domain-specific large language model for financial services, FinLLM.

19 May 2025

/wholesale

Finastra to sell Treasury and Capital Markets business to Apax Partners

Finastra is to sell its Treasury and Capital Markets (TCM) business unit to an affiliate of venture capital firm Apax Partners in a deal estimated at $2 billion, including debt.

19 May 2025

/security

UK businesses would adopt open banking for security benefits

More than 40% of British businesses are keen to integrate open banking into their operations citing the potential benefits of increased security and fraud prevention, but many are held back by lack of understanding, according to a study from NatWest.

19 May 2025

/ai

Citi joins Series A for AI-powered B2B embedded finance platform CrediLinq

AI-powered B2B embedded finance platform CrediLinq has closed a $8.5 million Series A funding round led by OM/VC and MS&AD Ventures.

16 May 2025

/payments

Paythru partners with Adyen on electric vehicle charging payments platform

The new EV payments platform will help to standardise how drivers pay at EV charge points. EV drivers primarily pay for charging using credit or debit cards, either by tapping their cards on a payment terminal or by using a kiosk. Other methods include using charging cards (RFID), smartphone apps, and 'Plug & Charge' technology. Some stations also allow for online payments or payments through QR codes.

16 May 2025

/sustainable

GIST Impact partners with Global Canopy to help financial institutions assess deforestation risk

The collective goal of this partnership is to make deforestation analysis the norm at every financial institution.

16 May 2025

/crypto

Mastercard and MoonPay bid to mainstream stablecoin payments

Mastercard is stepping up its commitment to stablecoins, inking a deal with MoonPay to enable people and businesses to use them for payments across global markets.

16 May 2025