Banking stories

Select ID becomes UK’s only dedicated identity orchestration network with DIATF status and ISO 27001, boosting reusable digital IDs for finance.

ITRS snaps up French DEM specialist IP-Label, adding 310-plus enterprise clients and bolstering its observability footprint across Europe.

RecordPoint appoints a new revenue chief and partner director to ramp up global AI data governance push for heavily regulated sectors.

YouTrip teams up with Agoda to offer Australians 7% off selected hotel bookings plus an AUD $10 bonus for new card sign-ups.

Paydibs launches Nexus eCommerce suite and Mini POS tool to cut digitalisation costs and simplify payments for Malaysia’s 1.1m MSMEs.

SAS predicts agentic AI will run core banking by 2026, reshaping trust, fraud defences, climate risk and quantum-powered decision making.

Monzo data shows spending on AI platforms has more than doubled to GBP £19 million in 2025, as pre-loved shopping and coffee also surge.

AI has shifted from experiment to existential need in European finance, with most leaders fearing profit loss or obsolescence if they lag.

UK bank Griffin posts fivefold revenue surge as it processes GBP £3 billion in payments and signs more than 50 platform customers.

Digital Asset predicts 2026 tipping point as institutions go on-chain, prioritising privacy, clear rules and routine stablecoin use.

Global fintech funding jumped 21% to USD $53 billion in 2025, as the UK secured second place worldwide with USD $3.6 billion.

AWS partner Cevo hires ex-Macquarie AI leader Jeff Voigt as Head of AI Adoption to drive governed, production-grade enterprise deployments.

Sertis teams with data centre pioneer Toto Sugiri to launch an Indonesia-based AI and data venture targeting key growth sectors.

AI-powered ‘Truman Show’ scam uses OPCOPRO app and fake trading rooms in official stores to steal cash and victims’ digital identities.

Retailers urged to brace for early-year spike in chargebacks as mobile shopping and buy now, pay later fuel record US holiday spend.

Accenture to acquire UK AI specialist Faculty for USD $1bn, in its biggest British AI startup deal and a major bet on AI safety expertise.

Banks are turning apps and accounts into ad space, with SAS tipping media networks to lift non-interest income by up to 30% within two years.

UK firms step up FX hedging as sterling’s sharp swings hit earnings, with more businesses extending hedge lengths and raising cover.

Marqeta has hired veteran payments executive Patti Kangwankij as CFO, completing a leadership reshuffle under chief executive Mike Milotich.

Mastercard and TerraPay team up to let mobile wallet users tap and pay at over 150 million Mastercard contactless locations worldwide.