Metro Bank has been fined £16.7m by the FCA for significant failures in its systems and controls. The bank inadequately monitored over 60m transactions worth more than £51bn for potential money laundering risks between June 2016 and December 2020. The issues began when Metro automated its transaction monitoring system in June 2016. Unfortunately, a critical error in the data input process...

Snyk has acquired Probely, a cutting-edge Dynamic Application Security Testing (DAST) provider from Porto, Portugal.

XBRL, or eXtensible Business Reporting Language, is recognised as the global standard for digital reporting.

Specialty MGA Crux Underwriting is set to leverage mea's cutting-edge GenAI-powered platform to elevate its broker service offering. This collaboration aims to significantly reduce the time required to quote business down to minutes and enabling greater operational efficiency for underwriters. It will be achieved by integrating the mea Platform with Crux Underwriting’s CruxHub, a cloud-based straight-through-processing system designed to provide a...

Fideuram Intesa Sanpaolo Private Banking (FISPB), the private banking arm of the Intesa Sanpaolo Group, has partnered with BlackRock to expand its digital wealth management services across Italy and Europe. Through the partnership, FISPB seeks to extend its client base across Europe by offering advanced digital wealth solutions, bridging the gap between traditional banking and digital financial services. FISPB CEO Carlo...

Dojo, a leading provider of payment technology, has partnered with YouLend to introduce flexible financing options for its business customers in Spain. This collaboration aims to empower small to medium-sized enterprises (SMEs) in the nation with personalised financing solutions designed to enhance cash flow management and support business growth, according to FF News. With this alliance, Dojo can now offer its...

In today’s rapidly evolving landscape, organisations are exploring how to adopt AI Large Language Models (LLMs) for various applications.

Optalitix, an award-winning InsurTech firm established in 2013, has formed a strategic partnership with the Insurance Knowledge Hub, a pioneer in professional insurance education.

Big xyt, a leading provider of AI-analytics for financial markets, announced today that it has secured a significant €10m in funding. The investment was led by European growth investment firm Finch Capital, marking the first round of external funding for big xyt after a decade of profitable self-sustaining growth. The €10m investment will be instrumental in accelerating big xyt's global expansion...

BlueFlame AI, a front-runner in generative artificial intelligence (Gen AI) solutions for alternative investment managers, announced today the debut of its no-code workflow automation tool, Blueprints.