Karavel, an AI-powered compliance platform built for highly regulated industries, has secured £1.25m in pre-seed funding to support product development and commercial expansion. The round was led by Fuel Ventures and will help Karavel accelerate growth across the UK and Europe while advancing its mission to modernise regulatory compliance workflows. Karavel’s platform combines AI-driven marketing and advertising reviews, real-time horizon scanning,...

Pagaya Technologies, a global technology company delivering AI-driven product solutions for the financial ecosystem, has closed a new revolving asset-backed securitisation backed by personal loans. The transaction, named PAID 2025-REV1, is a $350m asset-backed securitisation (ABS) backed by consumer loans originated on the Pagaya network. It represents the first revolving ABS structure for Pagaya’s personal loan business and complements the...

Stream, the workplace finance platform formerly known as Wagestream, has secured fresh backing after completing a £67m Series D round. According to UKTN, the London-based FinTech, which partners with employers to offer flexible wage access and broader financial tools, was founded in 2018 to provide workers with alternatives to high-cost payday lending. The latest £67m raise was led by Sofina, with...

The UK’s top financial authorities have been cautioned that the country’s financial system is vulnerable to a major AI-related shock, after the Treasury, the FCA and the Bank of England were accused of failing to prepare adequately for emerging risks. According to City AM, the warning came from the Treasury Select Committee, whose MPs argued that regulators are “not...

Financial services firms are moving quickly to adopt AI note-taker tools because they make meetings easier to document and knowledge easier to share. But that convenience comes with a new kind of record: AI-generated content that can capture sensitive conversations before compliance has reviewed them. According to ACA Group, for chief compliance officers, the concern is straightforward—these tools can collect...

As insurance agencies and MGAs grow, compliance can quickly become a limiting factor. The moment of crisis often hits around 50 producers. According to Producerflow, a platform specialising in compliance automation, small errors such as an incorrect licence entry, a carrier portal timing out, or a delayed email with appointment confirmations can suddenly prevent half your team from writing...

Some of the world’s largest firms are leaving critical security weaknesses unaddressed for months, despite available fixes, according to a new study from cyber risk analytics provider KYND. The analysis, which examined more than 2,000 organisations including members of the FTSE 350 and the S&P 500, found that 11% of companies were exposed to vulnerabilities actively exploited by attackers. Alarmingly, 88%...

Digital fraud is accelerating, and the numbers show why consumers and businesses are being pushed to take protection more seriously. According to AiPrise, in 2024, the Federal Trade Commission (FTC) said consumers reported $12.5bn in fraud losses, a 25% increase on the previous year, while the true cost is widely believed to be much higher because many incidents go...

Artificial intelligence has shifted from science-fiction novelty to a core component of modern compliance. What once evoked images of HAL or Skynet is now deeply entwined with everyday anti-financial crime processes—or, more accurately, it should be. According to RelyComply, for regulatory leaders, the priority is no longer learning how algorithms are written, but developing genuine AI literacy: a practical grasp...

Crypto is increasingly being treated like a mainstream asset class, and with that shift comes a tougher, more formal approach to regulatory compliance. According to AscentAI, as digital assets move into everyday finance, the industry’s long-standing “free ride” on lighter oversight is ending. In 2026, regulators are tightening requirements that push crypto further into the same compliance expectations faced by...