/ai
NatWest Group has made a minority investment in Serene, an early-stage AI platform dedicated to tackling financial vulnerability.
28 January 2025
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 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 is working with capital markets technology provider Derivative Path to boost the global payments capabilities available to regional and community banks.
/devops
The technology subsidiary of Caixabank is to hire 500 developers in the first quarter, surpassing 1600 employees.
/regulation
Buy now, pay later providers in Australia have been told to apply for credit licences ahead of new laws coming into effect in June.
27 January 2025
South African embedded payments platform Stitch is moving into in-person payments through the acquisition of Dutch outfit ExiPay. Financial terms were not disclosed.
Prepaid payments platform Recharge is to provide customers in Germany with Pay by Bank options in a partnership with Tinka and Adyen.
/startups
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.
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.
Visa has joined forces with fintech DealMe to let Vietnamese shoppers visiting South Korean pay for purchases using card instalment payments.
/crypto
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.
24 January 2025
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