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OpenAI hires Wall Street bankers to train AI in financial models

/ai

OpenAI hires Wall Street bankers to train AI in financial models

OpenAI has hired more than 100 former investment bankers to help train its AI to build financial models, according to Bloomberg.

Coinbase buys crypto investment platform Echo

/crypto

Coinbase buys crypto investment platform Echo

Coinbase has acquired crypto investment platform Echo for around $375 million in cash and stock.

TrueLayer to acquire open banking rival Zimpler

/payments

TrueLayer to acquire open banking rival Zimpler

London-based payments network TrueLayer is set to expand its presence in Europe after striking an agreement to buy Nordic competitor Zimpler.

UK pension funds to back fintech startups

/markets

UK pension funds to back fintech startups

A consortium of 20 UK-based pension funds, asset managers and asset owners is set to invest in the country's fintech sector.

EBAday 2026 heads to Copenhagen: Early bird registration now open

/payments

EBAday 2026 heads to Copenhagen: Early bird registration now open

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.

Mexican fintech Plata sees valuation exceed $3bn

/inclusion

Mexican fintech Plata sees valuation exceed $3bn

Plata, a startup based in Mexico and founded by three former Tinkoff executives has completed a $250m fund raise.

Japanese banks jointly launch stablecoin

/crypto

Japanese banks jointly launch stablecoin

Three of the largest banks in Japan are joining forces for the launch of a unified stablecoin.

Canada preps financial crime agency

/crime

Canada preps financial crime agency

Canada is setting up a financial crimes agency to take on a rising tide of online scams as part of a national anti-fraud strategy that will also require more action from banks.

UK watchdog clears Global Payments' $22.7bn Worldpay acquisition

/regulation

UK watchdog clears Global Payments' $22.7bn Worldpay acquisition

The UK's Competition and Markets Authority (CMA) has cleared Global Payments' $22.7 billion deal to acquire Worldpay.

Revolut gets Mexico banking license

/regulation

Revolut gets Mexico banking license

UK-based fintech Revolut has received the greenlight to start full banking operations in Mexico.

Banks come back online after AWS outage

/cloud

Banks come back online after AWS outage

UK banks' online services are beginning to recover after a problem with Amazon Web Services (AWS) caused widespread outages across several apps and websites.

Emirates NBD launches digital skills incubator

/startups

Emirates NBD launches digital skills incubator

Dubai-based bank Emirates NBD has released details of the fifth edition of its National Digital Talent Incubator programme.

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