Financial institutions stories

Google Cloud says banks need governance-led platforms to unlock agentic AI at scale, with tens of agents set to reshape compliance, fraud and risk.

Celonis and ProcessLab debut banking tools for mortgage approvals and service teams as lenders seek faster decisions, lower costs and better customer journeys.

FIS revamps cross-asset platform with AI dashboards and SaaS tools to help buy-side firms manage trading, portfolio and risk in one system.

Iron Mountain lands Google Cloud honour for AI-powered media vaults, helping rights holders digitise ageing archives and unlock new licensing revenue.

Fime unveils neutral trust layer for AI-driven payments, aiming to verify autonomous purchases, compliance and auditability across networks.

Broadridge buys minority stake in CENTRL as AI partnership targets due diligence and RFP workflows for asset managers and retirement firms.

Xero unveils AI-native finance platform and JAX assistant to cut admin for small firms, with accountants and bookkeepers also in line for gains.

Mastercard and Lobster.cash to let OpenClaw users authorise AI agents to spend on existing cards, backed by Verifiable Intent.

Raindrop says a surge in demand helped it trace GBP £447 million in forgotten pensions in the first quarter, with use still skewed towards men.

Spektr lands USD $20 million Series A from NEA as Copenhagen AI compliance platform targets manual checks at banks and fintechs.

Visa takes a direct stake in Tempo's blockchain operations, joining an early group of outside validators as it deepens its stablecoin and payments push.

Backbase and Ninth Wave have teamed up to let banks plug corporate clients' ERP and accounting systems straight into account data and payments.

Wise posts higher transfer volumes and customer balances as it targets a Nasdaq primary listing in May 2026 while keeping London.

Oracle expands its financial crime platform with Lucinity's AI investigation tools, aiming to cut compliance workloads for banks and regulated firms.

UK banks urged to use customer profiling, real-time monitoring and ecosystem data sharing to curb authorised push payment losses and protect trust.

Icon Solutions taps former Finastra and Visa executive Anders Olofsson to drive sales of its payments framework to major banks across EMEA and Asia.

FintechOS rolls out FintechOS 8 preview, pairing governed AI with product workflows for lenders and insurers as it eyes launch later this quarter.

SLR deepens its digital climate analytics offer with the acquisitions of Planetrics and ClimSystems, targeting asset-level risk modelling.

Persistent and Databricks launch Merchant Risk Management and Fraud Detection solution for banks and payment providers facing rising digital payment fraud.

Custodia says financial firms must widen record-keeping to cover collaboration tools, messaging apps and AI-generated content as regulators step up scrutiny.