clear
clear

/regulation

FCA seeks improvement to digital loan processes

The UK's Financial Conduct Authority has called for improvements in digital loans processes to help people better understand what they're signing up for.

/ai

RBC taps proprietary AI model for credit decisions

Royal Bank of Canada is using its own proprietary AI foundation model to improve credit adjudication capabilities and loyalty programme personalisation.

/payments

Canada's Real-Time Rail set for testing phase

The technical build for Canada's Real-Time Rail (RTR) payments system is almost complete, with testing set to be carried out in autumn ahead of launch.

/markets

Thoma Bravo buys stake in Trading Technologies

Private equity giant Thoma Bravo has bought a stake in capital markets tech provider Trading Technologies (TT).

/ai

Ramp closes second raise in 45 days as AI fuels growth

Less than two months after raising $200 million at a $16 billion valuation, Ramp has pulled in another $500 million in a round that values the expense management startup at $22.5 billion.

/crypto

JPMorgan to let Chase customers link accounts to Coinbase crypto wallets

Millions of Chase customers will soon be able to directly link their accounts to Coinbase wallets, making it easier than ever for huge swathes of Americans to buy crypto.

/people

Santander slashes 2000 jobs in the UK

Banco Santander has slashed 2000 jobs in the UK as part of ongoing cost-saving measures.

/ai

Standard Chartered signs AI deal with Alibaba

Standard Chartered has signed an AI and cloud deal with Albibaba Group.

/payments

Klarna scores EMI licence in the UK

Buy now, pay later giant Klarna has scored an Electronic Money Institution licence from the UK's Financial Conduct Authority, paving the way for a full-frontal assault on the retail banking market.

/payments

Airwallex to double London office space as UK revenues soar

Business payments outfit Airwallex is to double its office space in London after experiencing 109% year-on-year growth in the UK.

/crypto

ZA Global leads $40 million round in Hong Kong stablecoin firm RD Technologies

Hong Kong-based financial conglomerate ZA Global has led a $40 million Series A2 round in local stablecoin issuer RD Technologies.

/people

CFIT appoints Anna Wallace as CEO

Fintech growth quango, the Centre for Finance, Innovation and Technology (CFIT), has appointed the FCA's former head of innovation Anna Wallace as CEO.