Lloyds Banking Group Accelerates AI Rollout with Google Cloud’s Vertex AI
Lloyds Banking Group is ramping up its AI development through a new machine learning and generative AI platform built on Google Cloud’s Vertex AI. With over 300 data scientists and AI developers now actively using the platform, the bank ... Read More
Wise to Establish Major Tech Hub in Hyderabad as Indian Expansion Accelerates
UK-based fintech Wise is set to establish a full-stack hub in Hyderabad, India, marking a major expansion of its operations in the region. The hub, which will open later this year, is expected to host hundreds of employees over the coming ... Read More
Taurus Launches Interbank Network for Digital Assets with 35 Banks Onboard
Swiss blockchain startup Taurus has unveiled a new interbank network for digital assets, bringing together 35 banks, including heavyweights like Deutsche Bank and State Street. The initiative aims to enable regulated financial institutions ... Read More
TransFicc Raises $25M Series B to Expand Fixed Income Trading Tech
London-based fixed income trading fintech TransFicc has secured $25 million in a Series B round led by Citadel Securities, bringing its total funding to $50 million. Other participants in the round include BlackFin Tech and existing ... Read More
Kraken and Mastercard Partner to Launch Crypto Debit Cards Across UK and Europe
Crypto exchange Kraken is teaming up with Mastercard to launch a suite of physical and digital debit cards that will allow customers in the UK and Europe to spend their cryptocurrencies and stablecoins at more than 150 million merchants ... Read More
US Justice Department Shuts Down Crypto Fraud Task Force Under Trump Directive
The US Department of Justice has officially disbanded its national cryptocurrency enforcement team, marking a dramatic policy shift under the Trump administration. In a memo to DOJ employees, Deputy Attorney General Todd Blanche stated the ... Read More
Revolut Fined €3.5 Million by Lithuanian Central Bank Over AML Lapses
Revolut has been hit with a €3.5 million fine by the Bank of Lithuania for deficiencies in its anti-money laundering (AML) systems—the largest penalty in the company’s history. The central bank cited flaws in how Revolut monitored ... Read More
DBS and Bank of China Customer Data Exposed in Vendor Ransomware Attack
Thousands of DBS Bank and Bank of China (BoC) customers in Singapore have had their personal data potentially compromised following a ransomware attack on Toppan Next Tech (TNT), a third-party vendor responsible for printing bank ... Read More
Ryft Raises £5.7M to Help Banks Challenge Stripe and Adyen
UK-based decentralised payments platform Ryft has secured £5.7 million in Series A funding to empower acquiring banks in competing with payment giants Stripe Connect and Adyen. The round brings Ryft’s total raised to £7.4 million and ... Read More
Bitcoin-Backed Lender Firefish Raises $1.8M for Global Expansion
Bitcoin lending platform Firefish has raised $1.8 million in seed funding as it looks to scale its peer-to-peer marketplace globally. The round included participation from bitcoin mining pool Braiins and VC firm Miton. Firefish enables ... Read More