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Use of AI in banking to be subject of new inquiry by MPs

/ai

Use of AI in banking to be subject of new inquiry by MPs

The UK Treasury Committee has opened a call for evidence into the potential impacts of the increased use of artificial intelligence in banking, pensions and other financial services.

Nationwide sets up cyber security training programme for new technology recruits

/security

Nationwide sets up cyber security training programme for new technology recruits

Nationwide is to set up a dedicated cyber security training programme for new technology employees in partnership with cyber skills builder Capslock.

United Fintech acquires Commercial Banking Applications

/wholesale

United Fintech acquires Commercial Banking Applications

United Fintech, an umbrella outfit dedicated to scooping up a stable of capital markets, wealth management and wholesale banking vendors, has made it sixth and largest acquisition to date, buying out trade finance and payments vendor Commercial Banking Applications.

Fintech Cushion shuts down

/retail

Fintech Cushion shuts down

Cushion, an app that helped Americans negotiate bank and credit card fees to get refunds, has shut down.

TransferGo moves into B2B; launches multi-currency business account

/payments

TransferGo moves into B2B; launches multi-currency business account

Remittance network TransferGo has launched an account that lets global businesses based in the UK and EU hold, exchange, send, and receive multiple currencies.

Trump fires CFPB director Chopra

/people

Trump fires CFPB director Chopra

President Donald Trump has fired Consumer Financial Protection Bureau director Rohit Chopra.

Solaris clinches €140 million funding round

/retail

Solaris clinches €140 million funding round

German Banking-as-a-Service platform Solaris has secured a €140 million financing round.

GoCardless edges toward profitability

/payments

GoCardless edges toward profitability

After cutting staff in a 2023 restructure, GoCardless moved toward profitability in 2024.

London fintech startup Brava launches stablecoin management system

/crypto

London fintech startup Brava launches stablecoin management system

Brava, a London-based startup, has gone live with a set-it-and-fogert-it stablecoin management system for streamlined yield generation.

UK MPs return to attack on the FCA

/regulation

UK MPs return to attack on the FCA

Members of Parliament have hit back at the Financial Conduct Authority (FCA) for its seeming failure to adequately address an earlier report that branded the watchdog as 'incompetent at best, dishonest at worst', amid calls far-reaching reforms.

People queue up at Barclays ATMs to withdraw 'free' cash

/payments

People queue up at Barclays ATMs to withdraw 'free' cash

The weekend saw scores of people queuing up at Barclays' ATMs to withdraw 'free cash' after the bank's mobile and online services were hit by a technical breakdown.

Marlin makes majority stake investment in Napier AI

/ai

Marlin makes majority stake investment in Napier AI

Marlin Equity Partners has taken a majority stake in UK financial crime RegTech Napier AI. Terms were not disclosed.

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