Europe’s banking regulator has a new fear: an AI model clever enough to break into the financial system. It wants every big bank to have a plan by October. The European Central Bank has a warning for the euro area’s largest banks. Frontier AI now poses…
Axos is buying Arc Technologies, an AI-native fintech that banks tech startups, and bolting its software onto a chartered bank. Axos Financial, a US digital bank with about $29bn in assets, has agreed to acquire Arc Technologies, the company announced….
Ten years ago, Karina Portugal was at advertising festivals like Cannes Lions, discussing campaigns and branding. Today, she sits across the table from some of the largest banks in Brazil, Europe, and the United States to discuss a much harder problem …
Businesses looking to modernize their payment systems may want to learn what a crypto payment processor is, how it works, and why it matters. Cryptocurrency and the crypto industry at large often appear most prominently in investing circles, but recent…
Klarna wants to be a real American bank. The Swedish BNPL giant has applied for a US banking licence, betting a friendlier Washington will let it crack a market that has bruised European rivals. Klarna has applied to US regulators to set up its own ban…
Five months ago, Uber promised to storm five new European countries with its food-delivery app. It just quietly hit the brakes, and the reason looks a lot like a €10bn takeover. Uber has paused five of its seven planned 2026 European launches, the Fina…
Most tech founders chase a bigger valuation. Thought Machine’s boss would rather talk about revenue, and he has just crossed a milestone worth boasting about. The London core-banking company has passed $100m in annual revenue for the first time, tech.e…
Citigroup chief executive Jane Fraser says the financial sector is running two AI races at once, she told the South China Morning Post. The first is applying AI to business models to drive revenue growth, shortening product development cycles and impro…
Starling Bank is cutting around 130 jobs, roughly 3% of its 4,000-strong workforce, as the London-based neobank restructures its banking and technology operations. Staff were told this week that the changes were intended to simplify how the company ope…
China released draft amendments to its e-commerce law on Saturday, proposing 20 provisions that would expand the law’s reach beyond platforms and merchants to cover a wider range of participants in the digital economy. The proposal, jointly issued by t…