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/ai

NatWest invests in AI startup dedicated to tackling financial vulnerability

NatWest Group has made a minority investment in Serene, an early-stage AI platform dedicated to tackling financial vulnerability.

/ai

Active human oversight remains key as banks begin roll out GenAI

Financial services firms are putting an emphasis on active human oversight for model training, interpretation and sensitive decision-making as they begin the roll out of generative AI across their businesses, according to a report from UK Finance.

/retail

Bank of Ireland to invest £100 million in technology for retail and SME services

Bank of Ireland is to invest £100 million over the next three years to improve everyday banking products and services and expand its sustainable lending, mortgage, and broker offerings.

/payments

Wells Fargo and Derivative Path bring global payments to regional banks

Wells Fargo is working with capital markets technology provider Derivative Path to boost the global payments capabilities available to regional and community banks.

/devops

Caixabank tech subsidiary to hire 500 developers

The technology subsidiary of Caixabank is to hire 500 developers in the first quarter, surpassing 1600 employees.

/regulation

Australia tells BNPL providers to apply for credit licences

Buy now, pay later providers in Australia have been told to apply for credit licences ahead of new laws coming into effect in June.

/payments

South Africa's Stitch expands into in-person payments with ExiPay acquisition

South African embedded payments platform Stitch is moving into in-person payments through the acquisition of Dutch outfit ExiPay. Financial terms were not disclosed.

/payments

Tink, Adyen and Recharge bring Pay by Bank to Germany

Prepaid payments platform Recharge is to provide customers in Germany with Pay by Bank options in a partnership with Tinka and Adyen.

/startups

Fintech startup Wyzr wins £400,000 from NatWest's Dragons Den

Wyzr, a fintech startup developing an AI CFO product for small businesses, has raised £400,000 from a Dragon's Den-style pitch event held by NatWest.

/payments

Visa and Mastercard face multi-billion pound lawsuit over interchange fees

Commercial litigation firm Harcus Parker is reaching the final stages of preparation for commencement of a multi-billion pound class action lawsuit over interchange fees charged by Mastercard and Visa.

/payments

Visa and DealMe team on cross-border instalment payments

Visa has joined forces with fintech DealMe to let Vietnamese shoppers visiting South Korean pay for purchases using card instalment payments.

/crypto

Trump orders evaluation of national crypto stockpile; prohibits CBDC work

President Donald Trump has established a working group on digital assets that will investigate the development of a federal regulatory framework for crypto and evaluate the creation of a national digital asset stockpile.