Banking

Porters Raises $27M to Strengthen AI-Driven Backoffice Solutions

Startup aims to enhance efficiency in financial services with new funding.Highlights: Porters raises $27 million in funding to improve AI-driven backoffice solutions.The funding round aims to boost operational efficiency...

Westpac Strengthens Workforce Efficiency with Microsoft Copilot

The bank launches AI-driven tool to enhance productivity for employees worldwide.Highlights: Westpac introduces Microsoft Copilot to its global...

Barclays US Consumer Bank Strengthens Operations with Call Centre GenAI

Improvements in efficiency noted through AI-driven customer service solutions.Highlights: Barclays US Consumer Bank reports substantial gains from GenAI...

FCA Sues Crypto Exchange HTX Over Illegal Promotions

Regulatory action targets HTX for unauthorized promotional activities.Highlights: FCA files lawsuit against HTX for illegal promotions.HTX accused of...

Betterment Data Breach Exposes 1.4 Million Accounts

Customers urged to monitor accounts following the breach incident.Highlights: Betterment reports a data breach affecting 1.4 million customer...
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Trustmi aims to stamp out B2B payment fraud with global launch

Cybersecurity fintech start-up Trustmi launches globally with a comprehensive payment security solution aimed at combating B2B payment fraud and leveraging crowd-sourced data to protect...

Open Banking Expo expands to two days and co-locates with the Open Banking Expo Awards this October

Open Banking Expo, the renowned event organizer, returns to London on 18-19 October, expanding to a two-day show and featuring over 1,000 executives from...

US fintech start-up Croissant launches with $24m funding

New US-based fintech start-up Croissant has launched with $24 million in seed funding to offer a platform that integrates with merchants' shopping experiences, providing...

South Korea’s Finda bags $37m Series C funding

South Korean fintech Finda, a loan comparison platform, raised $37 million in Series C funding from JB Financial Group and 500 Global, with JB...

Vanquis Banking Group buys UK smart money app Snoop

Vanquis Banking Group has acquired UK fintech Snoop, a money-saving app leveraging AI and open banking technology, allowing users to track spending habits and...

Robinhood reignites plans for UK expansion with chief exec hire

US stock trading app Robinhood revives its delayed UK launch by appointing Jordan Sinclair as the UK chief executive. FactsJordan Sinclair is appointed as...

Pay.UK reveals big jump in number of current account switches in the UK over last 12 months

Pay.UK's Current Account Switch Service experienced a 50% increase in switches compared to the previous year, with 1,277,484 account switches in the UK between...

UK challenger Monument names Fiona Pollard as new chair

Monument Bank, a UK-based digital bank for mass affluent customers, appoints Fiona Pollard as its new chair, succeeding Niall Booker who stepped down last...

ICYMI fintech funding round-up: Giraffe, eflow Global, Galaxy Ventures & more

FinTech Futures presents its weekly fintech funding round-up, featuring recent funding announcements in the industry. FactsGiraffe, an impact investing platform for employees, secures $10.5...
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