AI adoption across UK financial services is facing a “reality check”, according to new research from RegTech firm Aveni, which suggests that while enthusiasm for artificial intelligence is accelerating, organisational readiness remains uneven and constrained by governance, risk and cultural challenges. The thought leadership report, Transformation Nation: The AI Innovation Shift in financial services, draws on interviews with senior leaders...

Quote Detective, the specialist motor insurance broker, and PremFina, the UK’s fastest-growing premium finance provider, have announced a new multi-year partnership. This collaboration marks the latest broker win for PremFina following Close Brothers Premium Finance’s retreat from the personal lines market last year. The partnership was formed after Quote Detective completed a competitive review process. The broker cited PremFina’s strong commercial...

P100 and Salv have announced a new partnership aimed at strengthening financial crime prevention across hybrid payment ecosystems. The partnership is designed to enable P100 to join Salv Bridge, a secure real-time network that allows financial institutions to exchange intelligence on suspicious activity as it happens. By integrating with Salv’s infrastructure, P100 aims to improve its ability to detect and...

The rapid adoption of generative AI is expected to significantly accelerate cyber fraud and impersonation attacks in 2026, according to new research from the World Economic Forum (WEF). The report suggests that while AI tools are driving productivity and innovation, they are also lowering the barriers for cybercriminals, enabling them to launch more sophisticated, scalable, and convincing attacks against...

Paris-based Stoïk, a European InsurTech specialising in cyber risk protection for businesses, has completed a €20m Series C funding round, aiming to strengthen its position in the European cyber risk market. The round was co-led by new investor Impala and existing investor Opera Tech Ventures. Current investors Alven and Andreessen Horowitz also participated, backing the company’s expansion plans, according to...

Dam Secure, an AI security start-up focused on securing AI-generated code for enterprises, has raised fresh capital as organisations race to adopt generative AI in software development. The company has secured $4m in a seed funding round led by Washington, D.C.-based cyber and AI investor Paladin Capital Group. Founded by Patrick Collins and Simon Harloff, Dam Secure is building an AI-native...

Brokerslink, a worldwide network supporting insurance and reinsurance brokers, has strengthened its international ecosystem with the addition of Vantel, a Sweden-based specialist insurance technology company focused on AI-powered transformation for commercial insurance brokers. The move sees Vantel join Brokerslink as a specialist affiliate, expanding the network’s capabilities across InsurTech, workflow automation and AI-enabled efficiency. The addition is aimed at helping brokers...

Patra, a provider of AI-powered software solutions and technology-enabled insurance outsourcing services, has expanded its Patra AI platform to support up to 85% of commercial insurance policy volume following a series of major product enhancements. The update includes four key milestones for Patra AI: industry-first support for Commercial Package policies (CPP), improved AI model performance, the introduction of monthly subscription...

Mal, an AI-native Islamic digital bank in development, has announced plans to launch as a mobile-first financial platform headquartered in Abu Dhabi, following a $230m investment round.  The company said it has closed its first investment round at $230m, led by Abu Dhabi-based asset manager BlueFive Capital, according to FinTech Finance. Set to launch in Q1 2026, Mal is being built...

The City of London Police has launched a new national service aimed at changing how victims and businesses across England, Wales and Northern Ireland report cyber crime and fraud — and how law enforcement and industry respond. The launch comes as cyber crime and fraud remain the most common crime type in the UK, accounting for around 50% of all...