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/ai

Ant unit debuts agentic AI payments tech

Ant International's Antom unit has launched an agentic AI payments offering that supports both card-based and alternative methods.

/ai

PayPal gives users early access to Perplexity AI browser

PayPal and Venmo users in some countries are being offered early access to Perplexity's new AI-powered web browser.

/payments

Bank of England and BIS develop off-the-shelf module for analysing ISO 20022 data

The BIS Inovation Hub and the Bank of England have developed a prototype analytical tool to unlock the richer payments data derived from the ISO 20022 payments messaging protocol.

/identity

ID.me hits $2bn valuation on funding to tackle AI fraud

Digital identity wallet ID.me has hit a $2 billion valuation after raising $340 million across a funding round, combined with a credit facility.

/people

Lloyds Bank looks to cut underperforming staff

Lloyds Banking Group is reviewing staff performance metrics with the aim of axing chronic underperformers.

/retail

JPMorgan Chase to launch digital bank in Germany

JPmorgan Chase is to launch its retail digital bank in Germany next year.

/cloud

Revolut signs multi-million dollar deal with Google Cloud

Revolut has signed a multi-year, multi-million dollar deal with Google Cloud to drive global growth.

/crypto

Boerse Stuttgart launches pan-European settlement platform for tokenized assets

Boerse Stuttgart is rolling out Seturion, a pan-European, blockchain-based platform for the settlement of tokenized assets, within and across national borders.

/crypto

Utila triples valuation in six months as stablecoin infrastructure demand triggers extension round

Digital assets operations platform Utila has closed a $22 million Series A extension round, tripling its valuation in just six months as the stablecoin boom continues.

/ai

Banks set to accelerate spend on AI as productivity surges

Lloyds’ Financial Institutions Sentiment Survey finds that UK financial firms are doubling down on AI as producivity surges.

/startups

Pave raises $14m for AI-driven portfolio management platform

Pave Finance, a provider of AI-powered, institutional-grade, personalised wealth management software, has raised $14 million in seed funding.

/markets

BT sells Radianz business to TNS

BT is offloading its financial information business Radianz to Transaction Network Services (TNS).